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)
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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 | 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 | |
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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 | 7.1 | 54.1 |
Peer Avg. | -- | -- | -- |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .