Investment Q&A

BGIE is quite small at $33M, and expensive at 0.97%. Focusing on global infrastructure assets, it has an indicated yield of 5.30% and three-year annualized return of 14.32%. 48% is invested in the US. Its securities look fine to us, though nothing extraordinary, the typical large cap names within the sector. TINF is larger at $173M, and cheaper at 0.73%. It has been around longer: 5-year is 11.80%, three-year 13.32%. Indicated yield is 2.91%. 44% US and there is some overlapping of holdings here. This is a tough call. BGIE is more focused on monthly income, and short term performance is a bit better, despite higher costs. But it is still quite small. The income focus could temper returns in a sector rally. Thus, we would side today with the bigger TINF.