When one thinks about infrastructure investing, they tend to think about investments like bridges, roads, utilities, and pipelines.
To be fair, these all certainly do qualify. However, they don’t necessarily encompass the entire picture of what one can gain from infrastructure exposure.
How BKGI Evaluates Non-Traditional Infrastructure Companies
The BNY Mellon Global Infrastructure Income ETF (BKGI) offers a broader picture on what an infrastructure asset entails. This is due in part to how the fund invests in non-traditional assets.
The BNY Investments team expands its coverage into these non-traditional assets through its own definition of what an infrastructure company is. For BNY Investments, an infrastructure company has fixed assets in the ground that generate rent or cash flow while offering notable regulatory predictability. These assets include sectors like real estate, health care, and communication services, among others.
This approach allows the BNY Investments team to broaden its fund’s access to a wider set of sectors and companies. Furthermore, it enables BKGI to tap into attractive secular themes, like the AI buildout, real estate trends, and more.
Crucially, BKGI can still invest in traditional infrastructure companies, like pipelines, roads, and communication services. By picking up the fund, an advisor or investor isn’t missing out on traditional companies — they’re instead just broadening their horizons.
The diversification doesn’t end at the definition of infrastructure companies, either. True to its name. BKGI invests in different companies across the globe. Gaining diversified global exposure has proven to be a popular theme in 2025, and 2026 is shaping up to be no different.
BKGI’s approach to investing has paid off in terms of both income and long-term returns. As of October 31, 2025, the fund has an annualized dividend yield of 5.09%. In terms of returns, BKGI’s NAV has risen 35.98% year-to-date, as of December 8, 2025. Due to the fund’s 3-year performance, Morningstar even recently increased BKGI’s rating to 5 stars.
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