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) | $2,220 |
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 | 4.3 % |
CANADIAN PACIFIC RAILWAY LTD | 4.0 % |
COMCAST CORP-CL A | 3.0 % |
VERIZON COMMUNICATIONS INC | 2.9 % |
DEUTSCHE TELEKOM AG | 2.8 % |
UNION PACIFIC CORP | 2.7 % |
ENBRIDGE INC | 2.6 % |
DEUTSCHE POST AG-REG | 2.4 % |
WASTE CONNECTIONS, INC. | 2.4 % |
IBERDROLA SA | 2.3 % |
Constituent Breakdown
Number of holdings | 208 |
Herfindahl-Hirschman Index | 160 |
Wgt avg mkt cap (mns) | $65,737 |
Large cap (>$10bn) | 88.1% |
Mid cap ($2-10bn) | 11.1% |
Small cap (<$2bn) | 0.9% |
Developed mkts. | 94.3% |
Emerging mkts. | 5.8% |
Country Exposure
UNITED STATES | 39.5 % | |
CANADA | 17.6 % | |
JAPAN | 11.9 % | |
GERMANY | 5.9 % | |
SPAIN | 3.8 % | |
BRITAIN | 3.3 % | |
AUSTRALIA | 3.2 % | |
FRANCE | 2.7 % | |
ITALY | 2.3 % | |
THAILAND | 1.3 % |
Historical Performance
Standardized Annual Returns (as of 03/31/2024)
YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. |
---|---|---|---|---|---|---|
2.3% | 8.6% | 0.2% | 1.8% | 4.7% | 5.2% | 5.4% |
Market Correlations
versus... | Beta | R-squared |
S&P 500 | 0.77 | 79% |
MSCI EAFE | 0.84 | 88% |
MSCI Emg Mkts | 0.65 | 56% |
Liquidity Measures
Avg. volume (000) | 49 |
Turnover | 0.1% |
Avg. Bid/Ask (% of price) | 0.07% |
ADV of underlying (mns) | $16,191 |
Technical Indicators
Recent close | $52.58 |
30d moving avg. | $51.02 |
Annualized volatility | 15.3% |
Relative strength (RSI) | 68 |
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. NFRA |
Expenses vs. NFRA |
ALTAR Score™ vs. NFRA |
---|---|---|---|---|
GLIF | AGF Global Infrastructure ETF | 32.2% | -2 bp | -0.4% |
GII | SPDR S&P Global Infrastructure ETF | 30.4% | -7 bp | -1.0% |
IGF | iShares Global Infrastructure ETF | 30.4% | -6 bp | -1.0% |
BLLD | JPMorgan Sustainable Infrastructure ETF | 24.0% | +2 bp | +0.3% |
TOLZ | ProShares DJ Brookfield Global Infrastructure ETF | 23.4% | -1 bp | -0.4% |
JXI | iShares Global Utilities ETF | 22.4% | -4 bp | +0.7% |
IQRA | IQ CBRE Real Assets ETF | 20.6% | +18 bp | 0.0% |
RBLD | First Trust Alerian US NextGen Infrastructure ETF | 20.2% | +18 bp | -0.8% |
KNCT | Invesco Next Gen Connectivity ETF | 19.3% | -7 bp | -0.1% |
IXP | iShares Global Comm Services ETF | 18.8% | -5 bp | -0.6% |
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 4/25/2024
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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
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
5.9%
Cat. Avg
3.6%
Fund Category: Global Equities
Avg. Return on Equity | --% |
Divided by: Fwd. P/BV | --x |
Less: Expenses | -- bp |
Equals: ALTAR Score™ | 5.9% |
Recommendation
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.
Category Overview
There are 347 funds in the Global Equities category, with an average ALTAR Score™
of 3.6% and a standard deviation of
5.0%. NFRA's ALTAR Score™ is approximately
0.5 standard deviations
above
the category average. This places NFRA in the 68th 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 | |
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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 | 7.0 | 54 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .