Lazard Listed Infrastructure ETF
Lazard Listed Infrastructure ETF (AMEX: GLIX) is an exchange-traded fund listed on NYSE Arca, trading at $25.54 (about ₹2,450 a unit) as of 25 Sep 2026, 3:59 PM ET. It has an expense ratio of 0.96% and holds 28 securities. Indian residents can buy GLIX through Paasa under the RBI's Liberalised Remittance Scheme.
Quote
Today's low
$25.38
Today's high
$25.54
52 week low
$24.74
52 week high
$30.47
GLIX opened at $25.43, closed previously at $25.56, and has traded between $24.74 and $30.47 over the past 52 weeks.
About
The GLIX fund aims to achieve superior returns by capitalizing on the sustained expansion and modernization of global infrastructure over the long term. Its investment strategy primarily targets large, established corporations that derive over half of their revenue or asset base from infrastructure-related activities. This encompasses a wide array of sectors, including water treatment, the generation and distribution of energy and other essential resources, communication and media services, as well as the construction or operation of critical physical assets like pipelines, roads, airports, railways, and ports. The fund's security selection process emphasizes businesses with monopolistic characteristics, known for their reliable, long-term cash flow generation and revenues that are often linked to inflation. These companies also typically exhibit lower volatility compared to the broader equity market. The portfolio is concentrated, holding between 25 and 50 carefully chosen infrastructure firms. GLIX provides extensive global diversification, offering exposure to markets in both developed and emerging economies. To minimize the impact of currency fluctuations, particularly against the US dollar, the fund employs foreign currency forward contracts. Furthermore, GLIX may utilize repurchase agreements and various money market instruments.
Key statistics
Expense ratio
0.96%
Assets (AUM)
$44.4M
Holdings
28
NAV
$25.37
Avg. volume
—
1-year price change
—
5-year price change
—
Price change excludes dividends.
Top 10 holdings
GLIX holds 28 securities in total. These 10 are 58.0% of the fund.
Where the money is invested
Countries
How to buy GLIX from India
Indian residents can buy GLIX units through Paasa in three steps. Funds leave India under the RBI's Liberalised Remittance Scheme and the units are held in your own name with Interactive Brokers.
Open your Paasa account
KYC takes a few minutes: PAN, Aadhaar and address proof. Your brokerage account is opened in your own name with Interactive Brokers.
Add funds from your Indian bank account
Remit up to $250,000 a year under the RBI's Liberalised Remittance Scheme. Your bank converts the rupees to US dollars at its rate on the day you remit.
Search GLIX and buy
Find the fund by its ticker, GLIX, on NYSE Arca, and place your order. Fractional units are available and there is no minimum trade size, so you can buy by amount.
Read the full guide: how to invest in GLIX from India
Trading and taxes when buying GLIX from India
Trading and limits
- Trading hours
- 9:30 am – 4:00 pm ET
- LRS limit
- $250,000Per financial year, under the RBI's Liberalised Remittance Scheme.
Tax for Indian residents
- TCS on remittance
- 20%Collected by your bank on LRS remittances above ₹10 lakh in a financial year. The TCS is adjustable against your income-tax liability.Adjusting TCS against your tax
- Capital gains in India
- 12.5% or slab rateGains on foreign ETF units held for more than 24 months are long-term and taxed at 12.5% without indexation. Gains on units held for 24 months or less are short-term and taxed at your income-tax slab rate.Capital gains explained
- Dividends
- Slab rateIt pays the dividends from its holdings out to you in cash, and dividends are taxed at your slab rate in India. The US withholds tax on dividends paid to Indian residents at the treaty rate; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit in India.Dividend tax explained
- US estate tax
- May applyUS-situs assets such as US-listed shares can be exposed to US estate tax for non-US persons.US estate tax calculator
Custody. Units are held in your own name at Interactive Brokers LLC and are SIPC-insured up to $500,000 in total, including $250,000 for cash.
FAQs
What is the GLIX price today?
Lazard Listed Infrastructure ETF (GLIX) last traded at $25.54 on NYSE Arca, as of 25 Sep 2026, 3:59 PM ET. That is ₹2,450 a unit at the 25 Sep 2026 USD/INR rate.
When does GLIX trade, in Indian time?
NYSE Arca trades 7:00 pm – 1:30 am IST, so the close lands after midnight. The window shifts to 8:00 pm – 2:30 am IST when the US is on standard time. Orders can only execute during that window.
How big is GLIX, and what does it cost to hold?
Lazard Listed Infrastructure ETF manages about $44.4M. Its expense ratio is 0.96% a year, deducted inside the fund. It launched in 2025.
What are GLIX's largest holdings?
The top three are EUR261229 (18.7%), GBP261229 (6.4%) and NATIONAL GRID PLC (5.6%). GLIX's 10 largest positions make up 58.0% of the fund.
Does GLIX pay dividends?
Yes. GLIX is a distributing fund and pays the dividends from its holdings out in cash. In India they are taxed at your slab rate. The US withholds 25% tax on dividends before they reach you; Paasa files Form W-8BEN for you, and the tax withheld can generally be claimed as a credit when you file in India.
How are gains on GLIX taxed in India?
Units held for more than 24 months are long-term and taxed at 12.5% without indexation; units held for 24 months or less are taxed at your income-tax slab rate. The gain is worked out in rupees, so the currency move counts.
Can I buy fractional units of GLIX?
Yes. You can buy GLIX by amount rather than by whole unit, and there is no minimum trade size.