FT Wilshire GLIO Real Assets Index Series
"Built by the asset class for the asset class"
Data as of December 31, 2025
Headline Asset Class Performance (Annualized in USD)
FTW GLIO Indexes (US$) | Mth | YTD | 1 Yr | 3 Yrs | 5 Yrs | 7.5 Yrs | 10 Yrs | 12.5 Yrs | 15 Yrs | 17.5 Yrs | 20 Yrs | 22.5 Yrs | 25 Yrs |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
Global Infra (DM & EM) | -1.4% | 17.1% | 17.1% | 9.4% | 7.6% | 8.7% | 9.7% | 8.8% | 9.3% | 7.7% | 9.0% | 10.6% | 9.4% |
Developed Infra | -1.5% | 16.9% | 16.9% | 9.4% | 7.4% | 8.8% | 9.8% | 9.1% | 9.8% | 7.9% | 9.2% | 10.6% | 9.4% |
Dev USA Capped Infra | -0.9% | 20.6% | 20.6% | 10.6% | 7.7% | 8.9% | 9.5% | 8.8% | 9.1% | 7.6% | 8.7% | 10.2% | 9.2% |
Dev Sector Capped Infra | -1.4% | 17.7% | 17.7% | 11.4% | 9.4% | 9.4% | 10.4% | 9.3% | 10.0% | 8.5% | 9.7% | 11.5% | 10.1% |
Dev Sector & USA Capped Infra | -1.0% | 20.1% | 20.1% | 12.1% | 9.6% | 9.6% | 10.3% | 9.3% | 10.0% | 8.5% | 9.7% | 11.5% | 10.1% |
FTW Dev Large Cap Eqs | 0.8% | 22.2% | 22.2% | 22.0% | 12.8% | 12.9% | 12.8% | 12.0% | 11.2% | 9.4% | 9.2% | 10.2% | 7.9% |
Bonds | 0.3% | 8.2% | 8.2% | 4.0% | -2.2% | 0.6% | 1.3% | 1.0% | 1.1% | 1.7% | 2.5% | 2.7% | 3.2% |
Source: GLIO, FT Wilshire & Bloomberg
Defining Real Assets
Real Assets are assets that have inherent value due to their tangible, physical characteristics. Many such assets can serve as stores of value and are fundamental to a functioning economy. Broadly, such real assets can be separated into four segments: Energy, Infrastructure, Natural Resources, and Real Estate. Each of which is dealt with separately below.
The selection of constituents of the FT Wilshire GLIO Real Assets Index Series utilizes EBITDA (Earnings Before Interest, Taxes, Depreciation and Amortization). All companies, except REITs in the Real Estate segment, must have an EBITDA ratio greater than or equal to 0.66 that derives from cash flows related to the segment for which the company is a member.
If a company does not have a definable EBITDA, the ratio of company asset values relevant to the segment are considered and subject to the same 0.66 threshold.
If neither company asset values or EBITDA values are unavailable, the ratio of sales revenue is used, and the 0.66 threshold is applied.
Download the full FT Wilshire GLIO Listed Real Assets Index Methodology:
Eligible segments:
Energy
The Energy Segment provides exposure to companies involved in the extraction, production, and transport of raw materials from which energy (electrical, thermal, nuclear) is obtained. It covers:
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Oil & Gas: Oil & gas pipelines and storage, crude oil producers, integrated producers, and drilling & other services
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Coal: coal mining and extraction
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Nuclear: uranium mining
Infrastructure (excluding energy transportation and storage)
Infrastructure companies tend to own long-duration assets that provide essential services to society, such as utilities (energy and water), renewable energy, communications and transportation. It covers:
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Transportation: Roads, airports, railways, and marine ports
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Communications: Telecom infrastructure, cables, and satellites
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Regulated Utilities: Electric, gas, and water
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Renewables: Solar, wind, and hydro
The infrastructure sectors above are identical to the equivalently named infrastructure sectors of the FT Wilshire GLIO Global Listed Infrastructure Index Series. Further information on the FT Wilshire GLIO Global Listed Infrastructure indexes can be found here.
Natural Resources
The Natural Resources Segment comprises companies which are engaged in the extraction of raw chemical and mineral materials from the earth and its wider environment (e.g. air, land, sea), the usage of the environment (e.g. farmland) or the production of natural resources (e.g. timberland). It covers:
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Chemicals: commodity chemicals, and industrial gases
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Metals: general and diversified mining, aluminum, iron and steel, nonferrous metals, and copper
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Precious Materials: silver, platinum and precious metals, gold mining
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Forestry & Land: forestry, timber REITs, and farmland REITs
Real Estate
The Real Estate Segment provides exposure to both REIT and non-REIT real estate and securities in the segment are selected from the constituents in the FT Wilshire Global Real Estate Index. It covers:
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Traditional REITs: apartments, retail, offices, industrial, hotel, and diversified REITs
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Expanded REITs: single family housing, care facilities, outpatient facilities, student housing, and self-storage
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Specialized REITs: specialty industrial, scientific labs, entertainment facilities, gaming & casinos, datacenters, and diversified digital & IT
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Non-REITs: holding & development, diversified, and real estate operating companies
