IFRA vs SHPP

IFRAAiShares U.S. Infrastructure ETF

SHPPDPacer Industrials and Logistics 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.

SHPP Infrastructure usually means roads and bridges. Pacer's 2022 launch buys the freight system instead: a rules-based global index of ports, railroads, warehouses and shippers, about 120 names deep.

Stated mandate

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

SHPP The fund uses a rules-based strategy seeking to track the Pacer Global Supply Chain Infrastructure Index.

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.

• SHPP Narrow by design: it tracks the Pacer Global Supply Chain Infrastructure Index, so you get the plumbing of trade rather than a broad industrials grab bag.paceretfs.com
• Global mandate, not US-only, which separates it from domestic-build peers like IFRA and PAVE.paceretfs.com
• Rules-based index, roughly 120 holdings, and a portfolio that matches the supply-chain exposure the fund advertises. No manager hunches.
• Pays distributions quarterly, in line with the dividend rhythm of the transport and industrial names it holds.

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.

• SHPP 0.60% a year, slightly above the typical infrastructure fund, and above cheaper broad options such as IGF (0.37%) and IFRA (0.30%).
• Small and thinly traded, so spreads can be wide. Limit orders matter more here than with the big infrastructure names.
• It sits in the lower half of our infrastructure group, mostly on size and trading friction rather than how the portfolio is built.

Full IFRA profile⁠

Full SHPP profile⁠