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Launched · SEC filings

Harrison Street Infrastructure Active ETF

NFRXNasdaqD

$26.65−0.09 (−0.32%)

At close: Nov 2, 2026, 4:00 PM ET

D31/ 100

Rank 29 of 34 in Infrastructure

D31/100Rank 29 of 34inInfrastructure
Intraday session: down, 79 prints from 26.73 to 26.65. Range 26.62 to 27.46. Use the arrow keys to read each point.27.0027.2027.4010 AM12 PM2 PM4 PM
Expense ratio
0.80%*
Fund size
$115M
1Y total return
No data
Yield · Last 12 months
No data
Holdings
43
Avg volume · 30D
190 sh
52W range
low $24.38high $27.81
Launched
Filings
SEC EDGAR

*After a fee waiver that ends Apr 30, 2027. Without it: 0.85%.

The ETF.net NFRX Grade

Based on 5 of 6 pillars

D

Score 31 out of 100

Category
Infrastructure⁠
Rank
29 of 34
Six-pillar profile for NFRX. Scores out of 100: Cost 17, Risk 61, Mission not scored, Tradability 25, Holdings 36, Durability 43. Strongest: Risk (61). Weakest: Cost (17). Based on 5 of 6 pillars.

Score 31 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.

  • Cost

    The fund’s net expense ratio, ranked against its category.
    F17 out of 100
    Rank 28 of 34

  • Mission

    Whether the fund did what it promised, tested against its stated mandate.
    Not scored

  • Risk

    How the fund held up when markets fell: downside volatility, drawdowns and tail loss.
    B61 out of 100
    Rank 14 of 34

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    D25 out of 100
    Rank 26 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D36 out of 100
    Rank 23 of 32

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C43 out of 100
    Rank 22 of 34

Our read on NFRX

ETF.net Research

In short

DHarrison Street's first ETF brings its private real-assets playbook to a ticker: an active, global book of utilities, midstream, digital and transport infrastructure. 0.80% net of a waiver through April 30, 2027.

Stated mandate

The fund seeks long-term capital appreciation and income.

Why people hold it

  • Actively managed and non-diversified, so the managers can run a concentrated book of infrastructure names rather than track an index.sec.gov
  • The hunting ground is spelled out: utilities, midstream energy, digital and transportation infrastructure, the essential-service corners of the market.colliers.com
  • Income sits in the mandate alongside long-term capital appreciation, and the fund pays quarterly.
  • The debut listed fund from a real-assets house whose day job is private infrastructure, run by its private wealth arm.colliers.com

Worth knowing

  • Costs 0.80% net of a waiver through April 30, 2027 (0.85% gross), above the category median; index peers IFRA (0.30%) and IGF (0.37%) charge less.
  • Launched January 2026 and thinly traded, so limit orders matter and the track record is still short.
  • Non-diversified means a single issuer stumble hits harder than in a broad index fund; concentration risk is named in its own filings.sec.gov

NFRX Performance

Launched Jan 29, 2026

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

Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.Not enough history yet.
NFRX$9,992
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,093
Jul 31, 2026 to Nov 2, 2026. NFRX $9,992. SPY $10,093. Use the arrow keys to read each point.$9,500$10,000$10,500Jul 2026Sep 2026Nov 2026

Jul 31, 2026 – Nov 2, 2026

Returns run to the Nov 2, 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 NFRX. Periods over one year show the average yearly return.
PeriodNFRX
Year to dateFund launched this yearNo data
1 month+8.1%
3 months−0.1%
1 yearFund is under 1 year oldNo data
3 yearsFund is under 3 years oldper yearNo data
5 yearsFund is under 5 years oldper yearNo data
10 yearsFund is under 10 years oldper yearNo data

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 NFRX
YearReturn barNFRX
2026 YTD+7.2%

History from Jan 30, 2026

NFRX in the news

NFRX Dividends

Last payment
$0.08 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Quarterly

Distribution data unavailable.

Distribution history

2026

One bar per payment. 3 payments in 2026 YTD. Mar 26, 2026 $0.06; Jun 25, 2026 $0.21; Sep 25, 2026 $0.08. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Sep 25, 2026Sep 30, 2026$0.08
Jun 25, 2026Jun 30, 2026$0.21
Mar 26, 2026Mar 31, 2026$0.06

NFRX Risk

Risk pillarB61 out of 100Rank 14 of 34 in Infrastructure
How much the fund’s monthly returns vary, scaled to a year.
Launched Jan 2026; fills in after 12 months
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.
Launched Jan 2026; fills in after 12 months
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.
Launched Jan 2026; fills in after 12 months
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.
0.03
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.

FMP measures it over up to five years of monthly returns.

NFRX Cost

Compare NFRX and IFRA

Overpaying vs IFRA, cheapest in Infrastructure

$9,197

On $10,000 over 30 years. 7% growth a year before fees, expense ratio only.

  • NFRX 0.80%

    $15,346

  • IFRA 0.30% Cheapest

    $6,149

$10,000
30 years

Cost over time

  • NFRX 0.80%
  • IFRA 0.30%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NFRX $15,346IFRA $6,149

Year by year

YearNFRXIFRAOverpaying
10$1,422$545$877
20$5,393$2,113$3,280
30$15,346$6,149$9,197
How the 0.80% is worked out

Full fee 0.85%− waiver 0.05%= you pay 0.80%

The waiver ends Apr 30, 2027. After that the fee is 0.85% unless Harrison Street renews it. Source: prospectus, Dec 2025.

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