EFRA
iShares Environmental Infrastructure and Industrials ETF
EFRA tracks an index of developed market companies that provide infrastructure and industrials solutions to support energy efficiency and emissions mitigation, pollution reduction, or land and resource optimization. Stock selection is based on the amount
International
EQUITY
Rules-Based
MANAGEMENT STYLE
5.2 M
ASSETS UNDER MGMT
47 bp
EXPENSES
Fund Basics
| Fund sponsor | Blackrock |
| Category | International |
| Asset class | Equity |
| Website | link... |
| Inception date | Nov 03, 2022 |
| Assets (mns) | $5 |
| Expense ratio | 47 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-annual |
| Taxation | 1099 |
| Stock selection | Principles-based |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | No |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| WABTEC CORP | 7.1 % |
| SMURFIT WESTROCK PLC | 7.0 % |
| PENTAIR PLC | 6.3 % |
| XYLEM INC | 5.7 % |
| VEOLIA ENVIRONNEMENT | 5.6 % |
| AMERICAN WATER WORKS CO INC | 5.5 % |
| CLEAN HARBORS INC | 4.5 % |
| TETRA TECH INC | 4.0 % |
| DS SMITH PLC | 3.6 % |
| ESSENTIAL UTILITIES, INC. | 3.5 % |
Constituent Breakdown
| Number of holdings | 61 |
| Herfindahl-Hirschman Index | 386 |
| Wgt avg mkt cap (mns) | $11,658 |
| Large cap (>$10bn) | 47.8% |
| Mid cap ($2-10bn) | 47.7% |
| Small cap (<$2bn) | 4.2% |
| Developed mkts. | 94.3% |
| Emerging mkts. | 5.7% |
Country Exposure
 |
UNITED STATES | 44.3 % |
 |
BRITAIN | 16.4 % |
 |
JAPAN | 6.8 % |
 |
FRANCE | 5.6 % |
 |
BRAZIL | 3.7 % |
 |
CANADA | 3.4 % |
 |
CHINA | 2.1 % |
 |
NETHERLANDS | 1.7 % |
 |
AUSTRALIA | 1.5 % |
 |
SWEDEN | 1.0 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 8.5% | 27.3% | -- | -- | -- | -- | 9.0% | Volatility | 13.2% | 13.7% | -- | -- | -- | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.11 | 73% |
| MSCI EAFE | 1.12 | 86% |
| MSCI Emg Mkts | 1.00 | 68% |
Liquidity Measures
| Avg. volume (000) | 0 |
| Turnover | 0.0% |
| Avg. Bid/Ask (% of price) | 0.26% |
| ADV of underlying (mns) | $2,125 |
Technical Indicators
| Recent close | $32.70 |
| 30d moving avg. | $33.40 |
| Annualized volatility | 17.3% |
| Relative strength (RSI) | 50 |
| Short interest (ETF) | 0.1% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. EFRA |
Expenses vs. EFRA |
ALTAR Score™ vs. EFRA |
|---|---|---|---|---|
| CGW | Invesco S&P Global Water Index ETF | 46.5% | +10 bp | -0.5% |
| AQWA | Global X Clean Water ETF | 45.9% | +3 bp | -0.7% |
| PIO | Invesco Global Water ETF | 33.9% | +28 bp | +0.2% |
| PHO | Invesco Water Resources ETF | 31.8% | +13 bp | -0.5% |
| FIW | First Trust Water ETF | 31.7% | +6 bp | -0.4% |
| EBLU | Ecofin Global Water ESG Fund | 28.4% | -7 bp | -0.1% |
| IWTR | iShares MSCI Water Management Multisector ETF | 21.0% | 0 bp | +0.1% |
| FTRI | First Trust Indxx Global Natural Resources Income ETF | 14.8% | +23 bp | +5.1% |
| AHOY | Newday Ocean Health ETF | 13.6% | +28 bp | +1.2% |
| SSPX | Janus Henderson U.S. Sustainable Equity ETF | 12.0% | +8 bp | -0.6% |
Risk and Returns: EFRA vs. Comps (1 YR)
Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.
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Results & Estimates
| 2019 | 2020 | 2021 | 2022 | 2023 | 2024E | 2025E | ||
|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- | |
| Book value per share | -- | -- | -- | -- | -- | -- | -- | |
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates
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Valuation Metrics
| 2023 | 2024E | Fwd Est | 2025E | |
| Price-to-sales | --x | --x | --x | --x |
| Price-to-earnings | --x | --x | --x | --x |
| Price-to-cash flow | --x | --x | --x | --x |
| Price-to-growth | --x | --x | --x | --x |
| Price-to-book value | --x | --x | --x | --x |
| Yield | --% | --% | --x | --% |
Based on closing prices from 11/15/2024
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Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
Price-to-Earnings
EFRA
Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.
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ETF Research Center Rating
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
EFRA
4.9%
Cat. Avg
7.4%
ALTAR Score™ Calculation
Category Overview
There are 267 funds in the International Equity category, with an average ALTAR Score™
of 7.4% and a standard deviation of
2.6%. EFRA's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places EFRA in the 17th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
EFRASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based International Equity ETFs |
| # of ETFs | 152 |
| Avg. Expense Ratio | 42.9 bp |
| Std. Deviation | 24.3 bp |
| EFRA (47 bp) Percentile rank | 57 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| EFRA | 47.0 | 25.9 | 72.9 |
| Peer Avg. | 55.4 | 58.6 | 114.0 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .