ETF Evaluator:
Lazard Listed Infrastructure ETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Infrastructure Over the Last Year
| 30.0% | Themes US Infrastructure ETF () |
| 27.5% | First Trust NASDAQ® Cln Edge®StGidIfsETF (GRID) |
| 25.2% | Xtrackers US Green Infras Sel Eq ETF (UPGR) |
| 24.3% | Global X US Infrastructure Dev ETF (PAVE) |
| 21.8% | iShares US Infrastructure ETF (IFRA) |
Risk
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Risk
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ETF Details
Lazard Listed Infrastructure ETF Overview
Lazard Listed Infrastructure ETF (GLIX) is an actively managed Sector Equity Infrastructure exchange-traded fund (ETF). Lazard launched the ETF in 2025.
The investment seeks total return.
The Portfolio invests primarily in equity securities, principally common stocks,of infrastructure companies. Under normal circumstances, the Portfolio invests at least 80% of its assets in equity securities of Infrastructure Companies.
About Lazard Listed Infrastructure ETF (GLIX)
There are 4 members of the management team with an average tenure of 0.82 years: John Mulquiney (2025), Warryn Robertson (2025), Bertrand Cliquet (2025) and Matthew Landy (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
Lazard Listed Infrastructure ETF has 30 securities in its portfolio. The top 10 holdings constitute 51.9% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
Lazard Listed Infrastructure ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Lazard Listed Infrastructure ETF has 46.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 49.7% There is 46.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Lazard Listed Infrastructure ETF has 3.5% of the portfolio in cash.
Assets Under Management
The fund has $47 million in total assets, which is below the $1 billion average for the Infrastructure category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GLIX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Lazard Listed Infrastructure ETF expense ratio is high compared to funds in the Infrastructure category. Lazard Listed Infrastructure ETF has an expense ratio of 0.96%, which is 80% higher than its category average, making the fund expense ratio grade a F. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Lazard Listed Infrastructure ETF has a portfolio turnover rate of 3%, which indicates that it holds its assets around / 0.3 years. By way of comparison, the average portfolio turnover is 40% for the Infrastructure category.
Recently, in the month of July 2026, Lazard Listed Infrastructure ETF returned -0.7%, which earned it a grade of C, as the Infrastructure category had an average return of -2.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
Lazard Listed Infrastructure ETF has a trailing yield of 0.00%, which is below the 2.04% category average.
The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Lazard Listed Infrastructure ETF Grades
Year to date, the ETF has returned 11.3%, 2.6 percentage points worse than the category, which translates into a grade of C.
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GLIX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GLIX Return (NAV) | -0.7% | 0.2% | na | na | na | na |
| GLIX Return (Price) | -1.0% | -0.1% | na | na | na | na |
| NAV +/- Price Return | 0.322% | 0.307% | na | na | na | na |
| Infrastructure Avg | -2.8% | -1.9% | 18.7% | 13.0% | 10.2% | 9.3% |
| GLIX Grade (NAV) | C | A | na | na | na | na |
| +/- Category (NAV) | 2.1% | 2.1% | na | na | na | na |
| GLIX Tax-Cost Ratio | na | na | na | na | na | na |
GLIX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GLIX Return (NAV) | 11.3% | na | na | na | na | na | na | na | na | na | na |
| GLIX Return (Price) | 11.1% | na | na | na | na | na | na | na | na | na | na |
| NAV +/- Price Ret | -0.016% | na | na | na | na | na | na | na | na | na | na |
| Infrastructure Avg | 13.9% | 21.7% | 7.2% | 11.3% | -4.1% | 20.7% | 6.3% | 27.8% | -11.8% | 18.0% | 14.9% |
| GLIX Grade (NAV) | C | na | na | na | na | na | na | na | na | na | na |
| +/- Category | -2.6% | na | na | na | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | na |
| R-Squared: | na |
| Standard Deviation: | na |
| Category Risk Index: | na |
| Category Risk Rating: | |
| Total Risk Index: | na |
| Total Risk Rating: | |
| Portfolio Characteristics | |
| Yield: | -- |
| Total Assets: | $ 48 Mil |
| Share Class Assets: | $ 48 Mil |
| Turnover: | 3.0% |
| Expense Ratio: | 0.96% |
| Index Fund: | No |
| Index Tracked: | N/A |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 0.8 years | |||
| Average Tenure: 0.8 years | |||
| Managers (Year): Mulquiney John (2025), Robertson Warryn (2025), Cliquet Bertrand (2025), Landy Matthew (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 30 |
| % in Top 10 Holdings: | 51.9% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 46.7% |
Portfolio Allocation |
|
| Domestic Stock: | 49.7% |
| Foreign Stock: | 46.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.5% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | Lazard |
| Phone Number: | 800-823-6300 |
| Website: | |
| Inception Date: | October 3, 2025 |
Expenses and Fees
| Expense Ratio (%): | 0.96% (Rating: High) |
| Category Average Expense Ratio (%): | 0.53% |
