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NFRA

GradeBNew York Stock Exchange Arca

Northern Trust STOXX Global Broad Infrastructure ETF

Themes · FlexShares · Inception 2013-10-08 · SEC filings

$63.90−0.57 (−0.89%)

As of Sep 23, 2026, 2:20 PM EDT

Intraday session: down, 59 prints from 64.47 to 63.90. Range 63.80 to 64.15. Use the arrow keys to read each point.$63.80$64.00$64.1010 AM12 PM2 PM4 PM
Expense ratio
0.48%
Fund size
$3.0B
1Y return
+9.7%
Yield · Last 12 months
5.74%
Holdings
219
Volume · 30D
0.1M sh
NAV per share
$64.11
52W range
low $59.60high $67.36

The ETF.net NFRA Grade

B

69/ 100

Rank 5 of 34 in Infrastructure⁠

Confidence Medium

Six-pillar profile for NFRA. Scores out of 100: Cost 67, Risk 70, Mission not scored, Tradability 59, Holdings 87, Durability 81. Strongest: Holdings (87). Weakest: Tradability (59). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 69 of 100 sits in the B band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    BScore 67
    Category rank12/34 · top 35%

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    AScore 70
    Category rank7/34 · top 21%

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    BScore 59
    Category rank13/34 · top 38%

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    AScore 87
    Category rank2/32 · top 6%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    AScore 81
    Category rank6/34 · top 18%

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on NFRA

ETF.net Research

BBroad is the whole point. NFRA tracks a global infrastructure index spanning roughly 220 companies rather than one narrow slice of the theme, and it charges less than the typical fund in the category.

Stated mandate

The fund seeks to match, before fees and expenses, the performance of the STOXX Global Broad Infrastructure Index.

Why people hold it

  1. 010.48% a year, under the 0.55% median for infrastructure funds in its group. Small gap, but it compounds quietly.
  2. 02Roughly 220 holdings drawn from global markets, so the theme doesn't ride on a handful of names or one country's spending plans.
  3. 03Running since 2013 and one of the stronger all-round packages in a crowded infrastructure field. Distributions come quarterly.

Worth knowing

  1. 01Cheaper doors into the theme exist: IGF at 0.37% and IFRA at 0.30% both undercut it, with narrower mandates.
  2. 02Global by design means non-US markets and currency moves shape results, not just the US building cycle.
  3. 03Volume is moderate rather than heavy. Limit orders earn their keep on larger tickets.

NFRA Holdings

As of Sep 20, 2026, 7:06 AM
Asset class
Stocks
Holdings
219
Top-10 weight
29%
Largest holding
9984.T4.1%

Sectors

  • Industrials33.6%
  • Communication23.5%
  • Utilities23.1%
  • Energy9.2%
  • Health Care4.8%
  • Real Estate4.7%
  • Technology1.1%

Geography

  • United States39.75%
  • Canada13.25%
  • Japan11.30%
  • Germany8.33%
  • India3.86%
  • Spain3.80%
  • United Kingdom3.75%
  • Australia3.02%
  • Other countries (20)12.93%

Developed 85% · Emerging 15% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 14.
#TickerCompanyWeight %SharesMarket valueIn ETFs
0019984.TSOFTBANK GROUP CORP COMMON STOCK JPY4.13%3,153,900$127M130
002CP.TOCANADIAN PACIFIC KANSAS CITY LTD COMMON STOCK CAD3.60%1,262,520$110M77
003CNR.TOCANADIAN NATIONAL RAILWAY CO COMMON STOCK CAD 03.09%794,745$95M90
004DTE.DEDEUTSCHE TELEKOM AG COMMON STOCK EUR 02.88%2,840,670$88M151
005DHL.DEDHL AG COMMON STOCK EUR 02.85%1,361,745$87M144
006VZVERIZON COMMUNICATIONS INC COMMON STOCK USD 0.12.79%1,775,655$85M441
007IBE.MCIBERDROLA SA COMMON STOCK EUR 0.752.44%3,210,165$75M154
008TAT&#38;T INC COMMON STOCK USD 12.43%2,926,665$74M415
009NEENEXTERA ENERGY INC COMMON STOCK USD 0.012.35%894,915$72M407
010UNPUNION PACIFIC CORP COMMON STOCK USD 2.52.32%254,205$71M401
011WCN.TOWASTE CONNECTIONS INC COMMON STOCK1.83%360,990$56M59
012ENB.TOENBRIDGE INC COMMON STOCK CAD 01.80%1,133,055$55M85
013BHARTIARTL.BOBHARTI AIRTEL LTD COMMON STOCK INR 51.64%2,543,940$50M83
0149432.TNTT INC COMMON STOCK JPY1.56%42,430,500$48M117
0159433.TKDDI CORP COMMON STOCK JPY1.44%2,268,000$44M137

Showing 1–15 of 201 holdings

NFRA Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

NFRA$10,971
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$11,723
Sep 22, 2025 to Sep 22, 2026. NFRA $10,971. SPY $11,723. Use the arrow keys to read each point.$9,353$10,646$11,940Sep 2025Mar 2026Sep 2026

Sep 22, 2025 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for NFRA. Periods over one year show the average yearly return.
PeriodNFRA
Year to date+8.4%
1 month−1.9%
3 months+0.6%
1 year+9.7%
3 years+13.2%per year
5 years+6.0%per year
10 years+6.7%per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for NFRA
YearReturn barNFRA
2026 YTD+8.4%
2025+18.4%
2024+4.7%
2023+9.0%
2022−10.1%
2021+9.6%
2020+2.3%

NFRA in the news

NFRA Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
5.74%Last 12 months
Payout per share
$3.70Last 12 months
Upcoming payment
$0.33 per share
Pays on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution history

2017–2026

One bar per payment. 40 payments from 2017 to 2026 YTD. Mar 20, 2017 $0.14; Jun 19, 2017 $0.49; Sep 18, 2017 $0.35; Dec 21, 2017 $0.39; Mar 19, 2018 $0.19; Jun 18, 2018 $0.44; Sep 24, 2018 $0.39; Dec 21, 2018 $0.32; Mar 15, 2019 $0.19; Jun 21, 2019 $0.40; Sep 20, 2019 $0.31; Dec 20, 2019 $0.32; Mar 20, 2020 $0.22; Jun 19, 2020 $0.26; Sep 18, 2020 $0.38; Dec 18, 2020 $0.33; Mar 19, 2021 $0.18; Jun 18, 2021 $0.39; Sep 17, 2021 $0.41; Dec 17, 2021 $0.52; Dec 30, 2021 $0.06; Mar 18, 2022 $0.17; Jun 17, 2022 $0.46; Sep 16, 2022 $0.29; Dec 16, 2022 $0.23; Mar 17, 2023 $0.13; Jun 16, 2023 $0.55; Sep 15, 2023 $0.32; Dec 15, 2023 $0.37; Mar 15, 2024 $0.13; Jun 21, 2024 $0.55; Sep 20, 2024 $0.35; Dec 20, 2024 $0.78; Mar 21, 2025 $0.14; Jun 20, 2025 $0.54; Sep 19, 2025 $0.33; Dec 19, 2025 $2.62; Mar 20, 2026 $0.16; Jun 18, 2026 $0.60; Sep 18, 2026 $0.33. Use the arrow keys to read each point.2017201820192020202120222023202420252026YTD
Ex-datePay dateAmount per share
Sep 18, 2026Pays Sep 24, 2026$0.33
Jun 18, 2026Jun 25, 2026$0.60
Mar 20, 2026Mar 26, 2026$0.16
Dec 19, 2025Dec 26, 2025$2.62
Sep 19, 2025Sep 25, 2025$0.33
Jun 20, 2025Jun 26, 2025$0.54
Mar 21, 2025Mar 27, 2025$0.14
Dec 20, 2024Dec 27, 2024$0.78
Sep 20, 2024Sep 26, 2024$0.35
Jun 21, 2024Jun 27, 2024$0.55
Mar 15, 2024Mar 21, 2024$0.13
Dec 15, 2023Dec 21, 2023$0.37

NFRA Risk

How much the fund’s monthly returns vary, scaled to a year.
11.6%
Annualised · 36 months to Aug 2026
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
0.72
vs 3-month T-bills · to Aug 2026
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
−22.1%
Trough Oct 2022
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.68
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

NFRA Cost

Expense ratio0.48%
  • The middle half of Infrastructure funds
  • Median 0.55%

11 of the 33 Infrastructure funds charge less.

NFRA costs $48.00 a year on $10,000. The median Infrastructure fund costs $55.00.