IFRA
iShares U.S. Infrastructure ETF
The iShares U.S. Infrastructure ETF tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US.
US
EQUITY
Rules-Based
MANAGEMENT STYLE
3.1 B
ASSETS UNDER MGMT
30 bp
EXPENSES
Fund Basics
| Fund sponsor | BlackRock |
| Category | US |
| Asset class | Equity |
| Website | link... |
| Inception date | Apr 03, 2018 |
| Assets (mns) | $3,119 |
| Expense ratio | 30 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Revenue |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| VISTRA ENERGY CORP. | 1.3 % |
| UNITED STATES LIME & MINERAL | 1.0 % |
| MYR GROUP INC/DELAWARE | 1.0 % |
| CONSTELLATION ENERGY CORPORATION | 0.9 % |
| DT MIDSTREAM, INC. | 0.9 % |
| CENTURY ALUMINUM COMPANY | 0.9 % |
| KINETIK HOLDINGS | 0.9 % |
| KINDER MORGAN INC | 0.9 % |
| CONSTRUCTION PARTNERS, INC. CLASS A | 0.9 % |
| STERLING CONSTRUCTION CO | 0.8 % |
Constituent Breakdown
| Number of holdings | 157 |
| Herfindahl-Hirschman Index | 68 |
| Wgt avg mkt cap (mns) | $19,077 |
| Large cap (>$10bn) | 43.7% |
| Mid cap ($2-10bn) | 34.8% |
| Small cap (<$2bn) | 21.4% |
| Developed mkts. | 100.0% |
| Emerging mkts. | 0.0% |
Country Exposure
 |
UNITED STATES | 94.7 % |
 |
CANADA | 4.2 % |
 |
BRITAIN | 1.1 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 29.8% | 39.6% | 19.0% | 15.6% | 15.6% | -- | 13.3% | Volatility | 15.3% | 15.9% | 16.8% | 18.5% | 24.3% | -- | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 1.01 | 72% |
| MSCI EAFE | 0.99 | 67% |
| MSCI Emg Mkts | 0.69 | 32% |
Liquidity Measures
| Avg. volume (000) | 250 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $14,109 |
Technical Indicators
| Recent close | $46.73 |
| 30d moving avg. | $50.40 |
| Annualized volatility | 21.0% |
| Relative strength (RSI) | 55 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 2.8% |
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. IFRA |
Expenses vs. IFRA |
ALTAR Score™ vs. IFRA |
|---|---|---|---|---|
| RBLD | First Trust Alerian US NextGen Infrastructure ETF | 32.3% | +35 bp | -1.4% |
| FUTY | Fidelity MSCI Utilities Index ETF | 27.4% | -22 bp | -0.8% |
| VPU | Vanguard Utilities ETF | 27.4% | -20 bp | -0.8% |
| PAVE | Global X U.S. Infrastructure Development ETF | 25.3% | +17 bp | -0.9% |
| HWAY | Themes US Infrastructure ETF | 24.3% | -1 bp | +0.1% |
| FXU | First Trust Utilities AlphaDEX Fund | 23.3% | +34 bp | -0.7% |
| IDU | iShares U.S. Utilities ETF | 23.3% | +10 bp | -1.3% |
| ECLN | First Trust EIP Carbon Impact ETF | 21.8% | +66 bp | -1.7% |
| FVD | First Trust Value Line Dividend Index Fund | 21.6% | +35 bp | +0.0% |
| EMLP | First Trust North American Energy Infrastructure Fund | 21.1% | +65 bp | -1.6% |
Risk and Returns: IFRA 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 12/24/2024
Peer Group Comparison Sample data. Subscribe for access.
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
IFRA
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
OVERWEIGHT
Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.
ALTAR Score™
IFRA
6.5%
Cat. Avg
5.6%
ALTAR Score™ Calculation
Category Overview
There are 976 funds in the US Equity category, with an average ALTAR Score™
of 5.6% and a standard deviation of
2.6%. IFRA's ALTAR Score™ is approximately
0.4 standard deviations
above
the category average. This places IFRA in the 64th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
IFRASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based US Equity ETFs |
| # of ETFs | 609 |
| Avg. Expense Ratio | 46.6 bp |
| Std. Deviation | 32.9 bp |
| IFRA (30 bp) Percentile rank | 31 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IFRA | 30.0 | 7.2 | 37.2 |
| Peer Avg. | 30.3 | 14.0 | 44.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .