IGF
iShares Global Infrastructure ETF
The iShares S&P Global Infrastructure Index Fund seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the S&P Global Infrastructure Index. For information and a prospectus visit www.ishares.com.
Fund Basics
| Fund sponsor | Barclays Global Investors |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Dec 10, 2007 |
| Assets (mns) | $3,663 |
| Expense ratio | 41 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Semi-Annually |
| Taxation | 1099 |
| Stock selection | Multi-Factor |
| Weighting | Tiered |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| AENA SA | 4.9 % |
| ENBRIDGE INC | 4.9 % |
| NEXTERA ENERGY GROUP | 4.7 % |
| TRANSURBAN GROUP | 4.6 % |
| SOUTHERN CO | 3.4 % |
| DUKE ENERGY CORP | 3.2 % |
| IBERDROLA SA | 3.1 % |
| GRUPO AEROPORTUARIO PAC-ADR | 3.1 % |
| GROUPE EUROTUNNEL SA - REGR | 3.0 % |
| WILLIAMS COS INC | 2.9 % |
Constituent Breakdown
| Number of holdings | 75 |
| Herfindahl-Hirschman Index | 249 |
| Wgt avg mkt cap (mns) | $24,818 |
| Large cap (>$10bn) | 53.8% |
| Mid cap ($2-10bn) | 28.1% |
| Small cap (<$2bn) | 1.8% |
| Developed mkts. | 90.4% |
| Emerging mkts. | 9.6% |
Country Exposure
 |
UNITED STATES | 40.8 % |
 |
CANADA | 9.5 % |
 |
AUSTRALIA | 8.3 % |
 |
SPAIN | 8.0 % |
 |
MEXICO | 6.8 % |
 |
FRANCE | 6.1 % |
 |
ITALY | 2.8 % |
 |
NEW ZEALAND | 2.5 % |
 |
HONG KONG | 2.5 % |
 |
BRITAIN | 2.2 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 0.6% | -1.5% | 1.3% | 7.3% | 4.2% | 5.5% | 2.6% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.77 | 69% |
| MSCI EAFE | 0.83 | 83% |
| MSCI Emg Mkts | 0.65 | 48% |
Liquidity Measures
| Avg. volume (000) | 523 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.04% |
| ADV of underlying (mns) | $3,524 |
Technical Indicators
| Recent close | $45.59 |
| 30d moving avg. | $45.46 |
| Annualized volatility | 16.6% |
| Relative strength (RSI) | 48 |
| Short interest (ETF) | 2.0% |
| 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. IGF |
Expenses vs. IGF |
ALTAR Score™ vs. IGF |
|---|---|---|---|---|
| GII | SPDR S&P Global Infrastructure ETF | 96.7% | -1 bp | +0.2% |
| GLIF | AGFiQ Global Infrastructure ETF | 40.9% | +4 bp | +0.3% |
| TOLZ | ProShares DJ Brookfield Global Infrastructure ETF | 40.5% | +6 bp | +0.7% |
| JXI | iShares Global Utilities ETF | 38.9% | +2 bp | +1.5% |
| NFRA | FlexShares STOXX Global Broad Infrastructure Index Fund | 32.0% | +6 bp | +3.7% |
| GCLN | Goldman Sachs Bloomberg Clean Energy Equity ETF | 29.5% | +4 bp | 0.0% |
| IDU | iShares U.S. Utilities ETF | 28.8% | -2 bp | +0.8% |
| FUTY | Fidelity MSCI Utilities Index ETF | 28.8% | -33 bp | +1.4% |
| VPU | Vanguard Utilities Index Fund | 28.8% | -31 bp | +1.2% |
| XLU | Utilities Select Sector SPDR Fund | 28.8% | -31 bp | +1.4% |
Risk and Returns: IGF 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
| 2018 | 2019 | 2020 | 2021 | 2022 | 2023E | 2024E | ||
|---|---|---|---|---|---|---|---|---|
| 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
| 2022 | 2023E | Fwd Est | 2024E | |
| 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 9/20/2023
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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
IGF
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
IGF
5.3%
Cat. Avg
4.1%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 5.3% |
Recommendation
NEUTRAL
Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.
Category Overview
There are 345 funds in the Global Equities category, with an average ALTAR Score™
of 4.1% and a standard deviation of
5.0%. IGF's ALTAR Score™ is approximately
0.2 standard deviations
above
the category average. This places IGF in the 59th percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
IGF
Peer Average
Recent Trends
SELL
U/W
HOLD
O/W
BUY
Recent Trends
Breakdown
Market Activity
| Latest price | |
| Change | |
| Volume | |
| Bid/Ask Spread | |
| Update |
Today's Trading
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Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| IGF | 41.0 | 3.8 | 44.8 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .