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.
Fund Basics
| Fund sponsor | FlexShares ETFs/USA |
| Category | Global Equities |
| Asset class | Equity |
| Website | link... |
| Inception date | Oct 08, 2013 |
| Assets (mns) | $2,179 |
| 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 NATL RAILWAY CO | 4.0 % |
| CANADIAN PACIFIC RAILWAY LTD | 3.8 % |
| COMCAST CORP-CL A | 3.4 % |
| DEUTSCHE TELEKOM AG | 2.8 % |
| VERIZON COMMUNICATIONS INC | 2.6 % |
| NEXTERA ENERGY GROUP | 2.5 % |
| ENBRIDGE INC | 2.5 % |
| NIPPON TELEGRAPH AND TELEPHONE CORPORATI | 2.5 % |
| DEUTSCHE POST AG-REG | 2.5 % |
| IBERDROLA SA | 2.4 % |
Constituent Breakdown
| Number of holdings | 174 |
| Herfindahl-Hirschman Index | 156 |
| Wgt avg mkt cap (mns) | $43,584 |
| Large cap (>$10bn) | 57.8% |
| Mid cap ($2-10bn) | 11.8% |
| Small cap (<$2bn) | 1.0% |
| Developed mkts. | 94.6% |
| Emerging mkts. | 5.4% |
Country Exposure
 |
UNITED STATES | 39.9 % |
 |
CANADA | 16.7 % |
 |
JAPAN | 12.3 % |
 |
GERMANY | 6.2 % |
 |
SPAIN | 3.9 % |
 |
BRITAIN | 3.3 % |
 |
AUSTRALIA | 3.1 % |
 |
FRANCE | 2.7 % |
 |
ITALY | 2.5 % |
 |
THAILAND | 1.4 % |
Historical Performance
Standardized Annual Returns (as of 08/31/2023)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
|---|---|---|---|---|---|---|
| 2.6% | 1.0% | -4.4% | 2.7% | 4.3% | -- | 4.7% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 81% |
| MSCI EAFE | 0.80 | 87% |
| MSCI Emg Mkts | 0.62 | 50% |
Liquidity Measures
| Avg. volume (000) | 57 |
| Turnover | 0.1% |
| Avg. Bid/Ask (% of price) | 0.07% |
| ADV of underlying (mns) | $10,326 |
Technical Indicators
| Recent close | $50.85 |
| 30d moving avg. | $50.78 |
| Annualized volatility | 15.7% |
| Relative strength (RSI) | 49 |
| Short interest (ETF) | 0.3% |
| Short interest (underlying) | 0.0% |
Distributions
Assets Under Management (mns)
Money Flows (mns)
Short Interest (as % of shares outstanding)
Long Money Flows (mns)
Top Ten Comparable ETFs only shown here. For an extended list become an Individual or Professional subscriber. Start your FREE trial
Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. NFRA |
Expenses vs. NFRA |
ALTAR Score™ vs. NFRA |
|---|---|---|---|---|
| IGF | iShares Global Infrastructure ETF | 32.0% | -6 bp | -3.7% |
| GII | SPDR S&P Global Infrastructure ETF | 31.7% | -7 bp | -3.5% |
| GLIF | AGFiQ Global Infrastructure ETF | 29.3% | -2 bp | -3.4% |
| JXI | iShares Global Utilities ETF | 24.1% | -4 bp | -2.2% |
| BLLD | JPMorgan Sustainable Infrastructure ETF | 23.9% | +2 bp | -2.3% |
| TOLZ | ProShares DJ Brookfield Global Infrastructure ETF | 23.2% | 0 bp | -3.0% |
| IXP | iShares Global Comm Services ETF | 20.5% | -5 bp | +0.4% |
| KNCT | Invesco Next Gen Connectivity ETF | 20.3% | -7 bp | -2.1% |
| RBLD | First Trust Alerian US NextGen Infrastructure ETF | 20.2% | +18 bp | -3.6% |
| IQRA | IQ CBRE Real Assets ETF | 19.7% | +18 bp | -3.1% |
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
| 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
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 Fund Rating
Our measure of an ETF's overall investment merit
ALTAR Score™
NFRA
8.9%
Cat. Avg
4.1%
Fund Category: Global Equities
| Avg. Return on Equity | --% |
| Divided by: Fwd. P/BV | --x |
| Less: Expenses | -- bp |
| Equals: ALTAR Score™ | 8.9% |
Recommendation
SPECULATIVE
Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.
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%. NFRA's ALTAR Score™ is approximately
1.0 standard deviations
above
the category average. This places NFRA in the 83rd percentile among funds in the category.
Consensus Recommendation
Sell-side recommendations on the ETF's individual constituents
Composite
NFRA
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) |
|
|---|---|---|---|
| NFRA | 47.0 | 7.1 | 54.1 |
| Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .