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Launched · SEC filings

Harrison Street Infrastructure Active ETF

NFRXNasdaqD

$25.37+0.59 (+2.36%)

At close: Oct 13, 2026, 4:00 PM

D26/ 100

Rank 31 of 34 in Infrastructure

D26/100Rank 31 of 34inInfrastructure
Intraday session: up, 3 prints from 24.78 to 25.37. Range 25.32 to 26.68. Use the arrow keys to read each point.25.0026.0026.5010 AM12 PM2 PM4 PM
Expense ratio
0.85%
Fund size
$108M
1Y total return
—
Yield · Last 12 months
Data unavailable
Holdings
44
Avg volume · 30D
0M sh
NAV per share
$24.98
52W range
low $24.38high $27.81
Launched
Filings
SEC EDGAR

The ETF.net NFRX Grade

Based on 5 of 6 pillars

D

Score 26 out of 100

Category
Infrastructure⁠
Rank
31 of 34
Six-pillar profile for NFRX. Scores out of 100: Cost 14, Risk 51, Mission not scored, Tradability 17, Holdings 33, Durability 42. Strongest: Risk (51). Weakest: Cost (14). Based on 5 of 6 pillars.

Score 26 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.
    F14 out of 100
    Rank 29 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.
    C51 out of 100
    Rank 17 of 34

  • Tradability

    How easy the fund is to trade: daily volume, and how far its price strays from net asset value.
    F17 out of 100
    Rank 30 of 34

  • Holdings

    How concentrated the fund is, and how complete and current its disclosed holdings are.
    D33 out of 100
    Rank 24 of 32

  • Durability

    Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.
    C42 out of 100
    Rank 22 of 34

Our read on NFRX

ETF.net Research

DA private-markets real assets shop's first crack at an ETF. NFRX actively picks global listed infrastructure (utilities, midstream energy, digital, transportation) instead of tracking an index.

Stated mandate

The fund seeks long-term capital appreciation and income.

Why people hold it

  1. 01Actively managed, not index-bound: a manager chooses names across utilities, midstream energy, digital and transportation rather than taking whatever a benchmark lists.harrisonst.com
  2. 02Global reach. The mandate covers listed infrastructure worldwide, wider ground than the US-only builders in the cohort like PAVE and IFRA.harrisonst.com
  3. 03The clearest listed expression of a firm that underwrites real assets privately: Harrison Street's first ETF, launched on Nasdaq in 2026, built on its existing real-assets strategies.harrisonst.com
  4. 04Plain mandate: long-term capital appreciation and income, with at least 80% of assets in infrastructure company shares.finance.yahoo.com

Worth knowing

  1. 01Costs 0.85% a year against a 0.55% cohort median, and index rivals run cheaper still (IFRA 0.30%, IGF 0.37%). Stock picking is what the premium buys.
  2. 02A 2026 launch that is still small and lightly traded. Young, thin funds tend to carry wider bid-ask spreads than the category's established names.
  3. 03Non-diversified and income paid only annually or semiannually, so single positions can swing results and cash arrives in a trickle, not a monthly drip.finance.yahoo.com

NFRX Holdings

As of Oct 13, 2026
Asset class
Stocks
Holdings
44
Top-10 weight
45%
Largest holding
UNP6.4%

Geography

  • United States85.23%
  • Canada8.89%
  • Netherlands3.09%
  • Philippines2.79%
The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001UNPUnion Pacific Corp6.39%24,822$7M406
002WMBWilliams Cos Inc5.25%78,096$6M358
003—Aena Sme SA /Eur/4.53%175,841$5M2
004—National Grid PLC /Gbp/4.48%318,985$5M5
005ATOAtmos Energy Corp4.33%28,960$5M282
006TRGPTarga Resources Corp4.30%16,193$5M352
007CNICanadian Natl Railway Co /Cad/4.09%37,542$4M33
008XELXcel Energy Inc4.00%58,521$4M310
009NEENextera Energy Inc3.78%52,765$4M404
010CNPCenterpoint Energy Inc3.77%105,561$4M252
011AMTAmerican Tower Corp3.59%21,264$4M340
012AEPAmerican Electric Power3.50%30,807$4M338
013ETREntergy Corp3.47%36,503$4M308
014CSXCsx Corp3.31%75,566$4M383
015LNGCheniere Energy Inc3.00%11,637$3M274

Showing 1–15 of 44 holdings

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$9,343
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,332
Jul 10, 2026 to Oct 12, 2026. NFRX $9,343. SPY $10,332. Use the arrow keys to read each point.$8,932$9,691$10,450Jul 2026Aug 2026Oct 2026

Jul 10, 2026 – Oct 12, 2026

Returns run to the Oct 12, 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 year—
1 month−1.9%
3 months−6.6%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years oldper year—
5 yearsFund is under 5 years oldper year—
10 yearsFund is under 10 years oldper 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 NFRX
YearReturn barNFRX
2026 YTD+1.4%

History from Jan 30, 2026

NFRX in the news

Filtered to NFRX · Infrastructure

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

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.

NFRX Cost

Expense ratio0.85%
  • The middle half of Infrastructure funds
  • Median 0.55%

27 of the 33 Infrastructure funds charge less.

NFRX costs $85.00 a year on $10,000. The median Infrastructure fund costs $55.00.

Other funds in Infrastructure

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