IFRA vs SRVR

IFRAAiShares U.S. Infrastructure ETF

SRVRCPacer Data & Infrastructure Real Estate 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.

SRVR Most infrastructure funds buy the builders and the toll roads. SRVR buys the landlords: US and global data and infrastructure real estate plus power generation, in about 70 names, at a fee below its peer group's median.

Stated mandate

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

SRVR The ETF seeks to track the Solactive GPR Data & Infrastructure Real Estate Index's total return before fees and expenses. It uses passive indexing and generally replicates the index, which covers U.S. and global data/infrastructure real-estate and power-generation 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.

• SRVR A property-owner angle on digital infrastructure: it tracks the Solactive GPR Data & Infrastructure Real Estate Index of US and global data/infrastructure real estate and power generation companies.
• Fee is 0.49% a year, under the median for its infrastructure cohort, so you keep more of whatever the theme delivers.
• Running since 2018 and purely rules-based: it replicates its index rather than stock-picking, and distributes quarterly.
• On the whole package (cost, structure, staying power) it sits in the upper half of its infrastructure peer group.

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.

• SRVR About 70 holdings in one narrow slice, so a handful of big property owners steer results far more than in broad infrastructure funds like IGF or PAVE.
• The real estate wrapper cuts both ways: this has been one of the choppier rides among infrastructure funds.
• Moderately traded rather than a category heavyweight, so spreads can run wider than on the busiest infrastructure ETFs.

Full IFRA profile⁠

Full SRVR profile⁠