NFRA
FlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares STOXX Global Broad Infrastructure Index Fund is an exchange-traded fund incorporated in the USA. The Fund seeks to track the STOXX Global Broad Infrastructure Index Fund.
Global
EQUITY
Rules-Based
MANAGEMENT STYLE
2.5 B
ASSETS UNDER MGMT
47 bp
EXPENSES
Fund Basics
| Fund sponsor | FlexShares ETFs/USA |
| Category | Global |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 08, 2013 |
| Assets (mns) | $2,501 |
| Expense ratio | 47 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-End Investment Company |
| Distributions | Quarterly |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
| CANADIAN PACIFIC KANSAS CITY LTD | 4.1 % |
| CANADIAN NATL RAILWAY CO | 3.6 % |
| DEUTSCHE TELEKOM AG | 3.4 % |
| VERIZON COMMUNICATIONS INC | 2.8 % |
| COMCAST CORP-CL A | 2.6 % |
| NEXTERA ENERGY GROUP | 2.5 % |
| WASTE CONNECTIONS, INC. | 2.5 % |
| UNION PACIFIC CORP | 2.4 % |
| SOFTBANK GROUP CORP. | 2.3 % |
| ENBRIDGE INC | 2.3 % |
Constituent Breakdown
| Number of holdings | 210 |
| Herfindahl-Hirschman Index | 159 |
| Wgt avg mkt cap (mns) | $69,741 |
| Large cap (>$10bn) | 88.6% |
| Mid cap ($2-10bn) | 10.1% |
| Small cap (<$2bn) | 0.8% |
| Developed mkts. | 95.4% |
| Emerging mkts. | 4.6% |
Country Exposure
 |
UNITED STATES | 40.2 % |
 |
CANADA | 16.9 % |
 |
JAPAN | 11.4 % |
 |
GERMANY | 7.3 % |
 |
SPAIN | 3.8 % |
 |
BRITAIN | 3.6 % |
 |
AUSTRALIA | 3.5 % |
 |
FRANCE | 2.6 % |
 |
ITALY | 2.1 % |
 |
INDIA | 1.3 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 9.9% | 23.7% | 12.4% | 2.8% | 4.6% | 5.0% | 5.8% | Volatility | 10.5% | 11.1% | 12.1% | 13.8% | 18.2% | 15.3% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 76% |
| MSCI EAFE | 0.84 | 87% |
| MSCI Emg Mkts | 0.68 | 55% |
Liquidity Measures
| Avg. volume (000) | 62 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $19,807 |
Technical Indicators
| Recent close | $58.16 |
| 30d moving avg. | $58.77 |
| Annualized volatility | 15.9% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.2% |
| 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. NFRA |
Expenses vs. NFRA |
ALTAR Score™ vs. NFRA |
|---|---|---|---|---|
| IGF | iShares Global Infrastructure ETF | 31.7% | -6 bp | -1.2% |
| GII | SPDR S&P Global Infrastructure ETF | 31.7% | -7 bp | -1.1% |
| BLLD | JPMorgan Sustainable Infrastructure ETF | 24.4% | +2 bp | +0.2% |
| JXI | iShares Global Utilities ETF | 23.9% | -4 bp | +0.5% |
| TOLZ | ProShares DJ Brookfield Global Infrastructure ETF | 22.8% | -1 bp | -0.6% |
| IQRA | IQ CBRE Real Assets ETF | 22.3% | +18 bp | -0.3% |
| RBLD | First Trust Alerian US NextGen Infrastructure ETF | 20.0% | +18 bp | -0.8% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 19.5% | -2 bp | +0.3% |
| KNCT | Invesco Next Gen Connectivity ETF | 18.7% | -7 bp | +0.1% |
| IXP | iShares Global Comm Services ETF | 17.7% | -5 bp | -0.3% |
Risk and Returns: NFRA 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 11/22/2024
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
NFRA
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™
NFRA
5.4%
Cat. Avg
4.1%
ALTAR Score™ Calculation
Category Overview
There are 376 funds in the Global Equity category, with an average ALTAR Score™
of 4.1% and a standard deviation of
4.7%. NFRA's ALTAR Score™ is approximately
0.3 standard deviations
above
the category average. This places NFRA in the 61st percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
NFRASELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Rules-Based Global Equity ETFs |
| # of ETFs | 191 |
| Avg. Expense Ratio | 55.4 bp |
| Std. Deviation | 17.5 bp |
| NFRA (47 bp) Percentile rank | 32 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| NFRA | 47.0 | 7.0 | 54 |
| Peer Avg. | 51.8 | 32.7 | 84.5 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .