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In your May 2025 commentary you noted that this ETF was in the filing stage. It is anticipated to start trading July 31. Symbol BILT. Looking forward to reviewing it's portfolio, expense ratio and frequency of dividends.
This fund was launched in Australia. The last 5 years it has averaged 10.40% per year. BILT will have the same managers and should have a similar portfolio.
This fund was launched in Australia. The last 5 years it has averaged 10.40% per year. BILT will have the same managers and should have a similar portfolio.
BILT started trading today. I bought a 1/4 position.
Thanks for the tip. Its holdings are quite solid, though I wish there were some more concentrated positions and fewer airports. As to the former point, I'd probably still lean toward GLFOX.
Other than WMB, its top 10 holdings don't overlap with my stuff in this area, so it'll go on the watchlist for now.
I wish there were some more concentrated positions and fewer airports.
ISTM that one might be even more concerned about the size of airport holdings in GLIFX. Like BILT, it has five airport stocks. At least if I've counted correctly. But with half as many stocks overall, those five account for twice the percentage of total assets (17.21% vs 9.75%).
Stock BILT GLIFX AENA SME SA 6.61% 1.86% FLUGHAFEN ZUERICH AG 0.74% 1.62% VINCI SA 0.50% 4.87%
AEROPORTS DE PARIS SA 0.98% JAPAN AIRPORT TERMINAL LTD 0.92%
Ferrovial SE 7.74% Auckland International Airport Ltd 1.12%
Also, as with gold assets, there are airport stocks and there are airport stocks. Some airport companies actually own the airports (just as some gold holdings are really gold) while other companies manage airport operations (just as some gold holdings are mining operations).
I like GLIFX, I've owned it in the past (sold to simplify portfolio, not because of dissatisfaction). GLIFX is available (with TF) with a $1 min at Schwab and a $10K min in a Fidelity IRA.
BILT and GLIFX are sufficiently concentrated that one can read through all their holdings to get a better sense of how they invest.
Could someone advise if there is any connection at all between BILT (the ETF) and BILTX (a Doubleline Infrastructure Income Mutual Fund) ? Thanks-
On quick glance @ M*, BILTX holds bonds and other FI from infrastructure players. BILT holds equities only. I doubt there's any connection between them.
Looking at both GLIFX and BILT, the over concentration that seems most stark is in Utilities. Both are over 50%.
Blackrock has a pretty good record in "Utilities and infrastructure " funds, like BUI. The latter, a CE, however is now trading at a premium and supports it's constant payout with ROC.
@sma3: I added to GRID, thinking that the fund could be considered a « picks and shovels » play on increasing demand for electricity. I also like its decidedly global tilt. Josh Brown has Dominion Energy (D) as a new buy today because that utility serves VA, where he claims 70% of internet traffic flows and where big tech continues to make big investments, Brown is treating D as a new growth story.
I don’t own a global infrastructure fund (other than GRID), but I do own PAVE for domestic exposure.
Isn't this a little late to the D party? I have heard that story for months now. D still has a better yield than a lot of utilities but NEE may be less overvalued
I finally gave up trying to pick a utility winner and used BUI or RSPU
You can spend a lot of time digging into it, but since all of the information you and I would use to analyze it is public, I am not sure we have an advantage.
Do you find Josh Brown useful? I read Ben Carlson for a while but finally quit as it was too general and simplistic.
Brown turned me off when he had a huge post about how large the firm was getting, all due to his management. He seems more interested in AUM than client returns
@Ben - In the time that you have owned GRID & PAVE how satisfied have you been with their performance? I've been tracking both since the end of 2024 but I put my money into UTES. I'm looking to spread out a bit. Thank you.
I used to have a big position in D (as a Northern VA resident) but sold it years ago when management embarked on a strategic review, cut the dividend, pledged to restore it, and never did. Part of me is inclined to retake a position in it precisely b/c of the # of data centers popping up around here, but I still haven't pulled the trigger .... I'm already into a bunch of utes as it is.
(and D apparently still isn't earning its dividend, per M* and other places reporting of its payout ratio)
@Mark: I’ve been very pleased with PAVE, which I have owned the longest. M* categorizes it as a SCG fund. It surprised me to learn that its 5-yr performance is far superior to NEAIX, which I have thought to be best of class.
As for GRID, I owned it up until late 2023, but then bought it again early this year and caught the updraft. As I said above, I am using it both as a niche fund and one that expands my international exposure. No complaints about performance.
Comments
BILT will have the same managers and should have a similar portfolio.
Other than WMB, its top 10 holdings don't overlap with my stuff in this area, so it'll go on the watchlist for now.
ISTM that one might be even more concerned about the size of airport holdings in GLIFX. Like BILT, it has five airport stocks. At least if I've counted correctly. But with half as many stocks overall, those five account for twice the percentage of total assets (17.21% vs 9.75%). Also, as with gold assets, there are airport stocks and there are airport stocks. Some airport companies actually own the airports (just as some gold holdings are really gold) while other companies manage airport operations (just as some gold holdings are mining operations).
I like GLIFX, I've owned it in the past (sold to simplify portfolio, not because of dissatisfaction). GLIFX is available (with TF) with a $1 min at Schwab and a $10K min in a Fidelity IRA.
BILT and GLIFX are sufficiently concentrated that one can read through all their holdings to get a better sense of how they invest.
Blackrock has a pretty good record in "Utilities and infrastructure " funds, like BUI. The latter, a CE, however is now trading at a premium and supports it's constant payout with ROC.
I don’t own a global infrastructure fund (other than GRID), but I do own PAVE for domestic exposure.
Isn't this a little late to the D party? I have heard that story for months now. D still has a better yield than a lot of utilities but NEE may be less overvalued
I finally gave up trying to pick a utility winner and used BUI or RSPU
You can spend a lot of time digging into it, but since all of the information you and I would use to analyze it is public, I am not sure we have an advantage.
Do you find Josh Brown useful? I read Ben Carlson for a while but finally quit as it was too general and simplistic.
Brown turned me off when he had a huge post about how large the firm was getting, all due to his management. He seems more interested in AUM than client returns
(and D apparently still isn't earning its dividend, per M* and other places reporting of its payout ratio)
As for GRID, I owned it up until late 2023, but then bought it again early this year and caught the updraft. As I said above, I am using it both as a niche fund and one that expands my international exposure. No complaints about performance.