Three ETFs for global, income and U.S. infrastructure

Three exchange-traded funds — Impax Global Sustainable Infrastructure ETF (BLDX), BNY Mellon Global Infrastructure Income ETF (BKGI) and Global X U.S. Infrastructure Development ETF (PAVE) — provide targeted access to different segments of global and domestic infrastructure investment. Each fund differs by management approach, sector emphasis and geographic focus.

BLDX converted from the Impax Global Sustainable Infrastructure Fund to an active ETF earlier in 2026. The fund charges a 0.60% expense ratio. Its portfolio concentrates on long-life, cash-generating infrastructure assets located outside the United States, with holdings that include companies involved in renewable energy grids, energy-efficient logistics and digital connectivity.

BKGI is an actively managed, income-focused ETF with a net expense ratio of 0.55%. The fund seeks dividend-paying infrastructure companies across developed and emerging markets. Its strategy mixes traditional infrastructure sectors such as energy, industrials and utilities with non-traditional areas including communications services, healthcare and real estate. BKGI targets a forward-looking 12-month gross yield of 6% or more; the fund notes that this projection is not guaranteed.

PAVE is a passive ETF that tracks the Indxx U.S. Infrastructure Development Index and charges a 0.47% expense ratio. The fund focuses on U.S. engineering and construction firms, raw-material producers and heavy equipment manufacturers rather than regulated utilities. PAVE’s top holdings as of May 28, 2026, included Quanta Services Inc., CSX Corp. and Eaton Corp PLC.

Holdings analyses for the three funds show little overlap. BLDX concentrates on non-U.S. asset owners and operators with a sustainability focus, BKGI emphasizes income-producing global infrastructure companies, and PAVE targets domestic industrial firms tied to physical construction and materials.

Public spending on electrical grids, digital supply chains and transport corridors has risen across multiple governments. That fiscal activity is a backdrop for equity and income opportunities across utilities, toll roads, construction contractors and equipment makers.

Key variables for comparing the funds include management style, expense ratio, yield objectives and geographic concentration. Active ETFs offer discretion over sector and regional weights, while a passive ETF provides direct tracking of a U.S. infrastructure index.

BLDX provides international sustainability-focused infrastructure exposure, BKGI targets global income from infrastructure-related equities, and PAVE offers exposure to U.S. construction and industrial firms tied to infrastructure development.