BILD ETF — Nomura Global Listed Infrastructure ETF

Nomura Global Listed Infrastructure ETF (BILD)

BILD is an ETF. its distribution rate is 1.62%, its trailing-12-month yield is 4.91%, its expense ratio is 0.49%. Dividend Vision Distribution Safety Score™ is 93/100 (Safe). Total return is 28.8% over the past 2.8 years, 44.9 points behind SPY at 73.7%.

Nomura Global Listed Infrastructure ETF invests at least 80% of its assets in publicly traded companies that develop, operate, and manage infrastructure assets, including utilities, transportation infrastructure, and related enterprises. The fund distributes quarterly, carries an expense ratio of 0.49%, and currently has a modest distribution rate; note that its latest distribution was special and may not recur as part of the regular payout schedule. The fund appeals to income-focused investors seeking exposure to global infrastructure equities.

BILD performance versus SPY

Price and return data through 2026-09-18.

Total return is 28.8% over the past 2.8 years, 44.9 points behind SPY at 73.7%. Over the past year its total return — price change plus distributions reinvested — is 9.7%. Its deepest 1-year drawdown was 7.1%.

BILD key facts

Distribution Safety Score™

93 · Safe

Safety-Adjusted Yield

1.51%

Issuer

Nomura

Asset type

ETF

Asset class

Equity

Inception date

11/28/2023

Expense ratio

0.49%

Distribution rate

1.62%

Distribution frequency

Quarterly

Trailing yield

4.91%

Last close

$28.63 (as of 2026-09-18)

NAV

$28.52

Premium / discount

0.39% premium

AUM

$7,835,180

Average volume

16.0

Last dividend

$0.842

Last ex-dividend date

06/22/2026 (as of 2026-06-22)

Last payment date

06/26/2026 (as of 2026-06-26)

P/E ratio

19.0994

How Dividend Vision calculates yield and returns

Distribution rate (1.62%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (4.91%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Nomura; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

BILD risks and drawbacks

BILD's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are quarterly, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 7.1%.

Who may consider BILD — and who may not

BILD may suit someone looking for a high Distribution Safety Score. It is a weaker fit for investors who need monthly cash flow (BILD pays quarterly); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

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