IFRA vs PWRZ

IFRAAiShares U.S. Infrastructure ETF

PWRZDTrueShares Eagle Global Next Gen Power Infrastructure ETF

In short

IFRA Most infrastructure funds pick a side: the companies that build the stuff, or the ones that own it. IFRA holds both, stays entirely American, and charges well under the category's typical fee.

PWRZ Launched in 2022 as a renewable energy income fund, renamed in 2026 to next gen power infrastructure. Same active, global, concentrated approach to the companies that make and move electricity.

Stated mandate

IFRA The fund seeks to track an index of U.S. companies with infrastructure exposure, balancing infrastructure enablers and infrastructure asset owners.

PWRZ The Fund seeks long-term growth of capital and, under normal conditions, commits at least 80% of its assets to Power Infrastructure Companies.

Why people hold it

• IFRA 0.30% a year, roughly half the typical fee in the infrastructure category and cheaper than bigger-name rivals IGF (0.37%), GII (0.40%) and PAVE (0.47%).
• Tracks the NYSE FactSet U.S. Infrastructure Index, which balances the enablers (builders and suppliers) against the asset owners, rather than betting on the construction cycle alone.
• Roughly 160 holdings spread the theme wide, and the fund pays out quarterly.
• Running since 2018 with over a billion in assets, it sits among the strongest implementations in its infrastructure peer group.

• PWRZ Wide mandate: at least 80% of assets in power infrastructure companies, anywhere in the world, chosen by a manager rather than pulled from a fixed index.true-shares.com
• The 2026 rename from renewable energy income stretched the lane past clean power alone into power infrastructure broadly.sec.gov
• Distributions land on a quarterly schedule, and income was in the original blueprint rather than bolted on later.sec.gov

Worth knowing

• IFRA US-only by design. The overseas toll roads, airports and utilities that global peers like IGF and GII hold are simply not here.
• A narrow slice of the market, so it can move quite differently from a broad US index in either direction.
• Volume is moderate rather than heavy. Limit orders are the sane default, especially around the open and close.

• PWRZ At 0.75% it runs above the 0.59% category median, and index rivals IFRA (0.30%) and IGF (0.37%) undercut it by a wide margin.
• A small fund that trades thinly, so spreads can run wider than in the category's household names.
• The strategy was redefined in 2026, so much of the record behind it was built under the old renewables only mandate.sec.gov

Full IFRA profile⁠

Full PWRZ profile⁠