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NFRA vs NGIF

Northern Trust STOXX Global Broad Infrastructure ETF

NFRAANYSE Arca

Nuveen Global Infrastructure Fund: ETF Class Shares

NGIFDNYSE Arca

Overlap

19.2%by weight

Expense ratio

NFRA −0.41pt a year

NFRA0.47%NGIF0.88%

Avg volume · 30D

NFRA 3.6×the volume

NFRA78.3KNGIF21.6K

NFRA vs NGIF Performance

Jul 31, 2026 – Nov 2, 2026

−0.4%NFRA−0.5%NGIF

Jul 31, 2026 to Nov 2, 2026. NFRA −0.4%. NGIF −0.5%. Use the arrow keys to read each point.−8%−6%−4%2%Jul 2026Sep 2026Nov 2026
Expense ratio
NFRA 0.47%, better
NGIF 0.88%
Fund size
NFRA $3.06B
NGIF $530M
1Y total return
NFRA +9.3%
NGIF No data
Yield (12M)
NFRA 5.73%
NGIF No data
Holdings
NFRA 202
NGIF 67
Avg volume (30D)
NFRA 78.3K sh, better
NGIF 21.6K sh
NAV per share
NFRA $64.63
NGIF $12.81
52W range

ETF.net Grade

NFRA: Cost 74, Risk 72, Mission not scored, Tradability 65, Holdings 88, Durability 81. NGIF: Cost 6, Risk 59, Mission not scored, Tradability 48, Holdings 56, Durability 55.
Pillar letters and Scores for NFRA, NGIF, with each pillar’s weight
PillarNFRANGIF
Cost30% weightA74HigherF6
Mission25% weightNot scoredNot scored
Risk15% weightA72HigherB59
Tradability15% weightB65HigherC48
Holdings10% weightA88HigherB56
Durability5% weightA81HigherB55

Rank among Infrastructure funds

How we build Categories ›
Same Category. Both funds are graded against the same funds, so their Grades compare head to head.

Same Category. NFRA and NGIF are both graded against the same 33 Infrastructure funds, so their Grades compare head to head.

Infrastructure⁠

Category · 33 funds
See all 33 ›

NFRA ranks 4th and NGIF 24th of 33 funds in the Infrastructure Category.

  1. Rank 1AIFRAiShares U.S. Infrastructure ETFScore 86
  2. Rank 2AIGFiShares Global Infrastructure ETFScore 83
  3. Rank 3AGIIState Street SPDR S&P Global Infrastructure ETFScore 78
  4. Rank 4ANFRANorthern Trust STOXX Global Broad Infrastructure ETFScore 74
  5. Rank 5APAVEGlobal X U.S. Infrastructure Development ETFScore 71
  6. Rank 24DEMIFiShares Emerging Markets Infrastructure ETFScore 34
  7. Rank 24DNGIFNuveen Global Infrastructure Fund: ETF Class SharesScore 34
  8. Rank 24DPWRZTrueShares Eagle Global Next Gen Power Infrastructure ETFScore 34

Our read on each fund

ETF.net Research

NFRAANorthern Trust STOXX Global Broad Infrastructure ETF

NGIFDNuveen Global Infrastructure Fund: ETF Class Shares

In short

NFRA Most global infrastructure funds stop at utilities and toll roads. NFRA's index goes wider, adding cell towers, data centers, hospitals, prisons and postal routes to the pipelines and railroads, across developed and emerging markets.

NGIF Not a new strategy so much as a new door into an old one: Nuveen's actively managed global infrastructure portfolio, now sold as exchange-traded shares. Roughly 70 companies that own, build, finance or run physical assets.

Stated mandate

NFRA The fund seeks to match, before fees and expenses, the performance of the STOXX Global Broad Infrastructure Index.

NGIF The fund primarily invests in equity securities of infrastructure-related companies from the United States and other countries.

Why people hold it

  • NFRA Five supersectors in one wrapper: communications, energy, utilities, transportation and government outsourcing (hospitals, postal, correctional), across roughly 220 holdings.flexshares.com
  • Charges 0.47% net (0.48% gross), net of a waiver through March 1, 2027, below the infrastructure category median.
  • The index does real work: half of revenue must come from infrastructure, names must clear a $1 million daily-volume screen, and sector caps limit crowding. Rebalanced quarterly.flexshares.com
  • Listed in 2013 and now a multi-billion-dollar fund that pays quarterly, it sits among the stronger builds in its peer group.
  • NGIF The ETF class sits on Nuveen's existing global infrastructure fund, so it is the same active portfolio in a wrapper you can trade on an exchange all day.nuveen.com
  • The mandate is concrete: at least 80% in equities of US and non-US companies that own, build, finance, operate or supply infrastructure assets.sec.gov
  • Active and global by design, with about 70 holdings rather than several hundred, so the team's picks actually move the needle.

Worth knowing

  • NFRA Cheaper options sit on the same shelf: IFRA at 0.30%, IGF at 0.37%, GII at 0.40%. Each tracks a different index with a different definition of infrastructure.
  • Broad cuts both ways: telecoms, railroads and postal operators share the portfolio with utilities, so this is not a pure regulated-utility sleeve.flexshares.comflexshares.com 2
  • Volume is moderate rather than heavy for the category, which can mean wider spreads on larger orders.
  • NGIF Fees run 0.88% a year, above the 0.59% typical for infrastructure ETFs and roughly triple index rivals like IFRA (0.30%) and IGF (0.37%).
  • The ticker launched in 2026 and is thinly traded, so limit orders and a glance at the spread matter more here than with the category's heavyweights.
  • Being active, results can drift from the S&P Global Infrastructure Index it is measured against in either direction; on cost and trading it sits in the back of its peer group.nuveen.com

Full NFRA profile⁠

Full NGIF profile⁠

NFRA vs NGIF Holdings

How NFRA and NGIF differ

Overlap by weight

19.2%

Shared holdings make up 46.5% of NGIF and 22.5% of NFRA.

Level by level

  • Asset classEquity, Commodities0.0%
  • Holdings22 in both19.2%
  • Countryby domicile71.0%

Sector

No Sector split for NGIF.

Country, concentration and asset class

Country by domicile

Country weights in NFRA and NGIF, widest gap first
CountryMore in NFRAMore in NGIF
United StatesNGIF +15.0 points
JapanNFRA +9.8 points
GermanyNFRA +4.6 points
CanadaNFRA +4.3 points
IndiaNFRA +3.7 points
SpainNGIF +3.7 points
MexicoNGIF +2.7 points
United KingdomNFRA +1.7 points
Other countries (21)NGIF +2.8 points

Outside the US: NFRA 85% developed, 15% emerging. NGIF 87% developed, 13% emerging.

Concentration

Weight in the 10 largest Holdings

  • NFRA27.6%
  • NGIF36.9%

Securities held

  • NFRA175
  • NGIF67

Asset class

NFRA
Equity
NGIF
Commodities

Holdings

  • Only in NFRA153
  • In both22
  • Only in NGIF45

Only in NFRA

153 securities, 75.6% of NFRA by weight

  • Canadian Pacific Kansas City Ltd Common Stock Cad3.67%
  • Canadian National Railway Co Common Stock Cad 03.19%
  • Softbank Group Corp Common Stock Jpy2.91%

Only in NGIF

45 securities, 53.5% of NGIF by weight

  • Aena Sme Sa3.71%
  • Iberdrola Sa3.47%
  • Alliant Energy Corp3.04%

Weight gaps

All 22 Holdings in both funds, largest gap first.

Holding weights in NFRA and NGIF, widest gap first
HoldingMore in NFRAMore in NGIF
American Electric Power Co Inc Common Stock USDAEPNGIF +4.75 points
Entergy Corp Common Stock USD 0.01ETRNGIF +4.13 points
Xcel Energy Inc Common Stock USD 2.5XELNGIF +2.94 points
Cheniere Energy Inc Common Stock USD 0.003LNGNGIF +2.31 points
Waste Management Inc Common Stock USD 0.01WMNGIF +1.98 points
Targa Resources Corp Common Stock USD 0.001TRGPNGIF +1.91 points
Williams Cos Inc/The Common Stock USD 1WMBNGIF +1.28 points
Union Pacific Corp Common Stock USD 2.5UNPNFRA +1.18 points

All 220 NFRA holdings⁠All 68 NGIF holdings⁠

How we measure overlap

Each holding counts at its smaller weight in the two funds, summed over the full Holdings. Sector, country and asset class use the same rule on each fund’s split. Cash, FX and derivative lines stay out of the counts. Two bond funds get no overlap figure.

NFRA vs NGIF Cost

Overpaying NGIF vs NFRA

$7,287

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

  • NFRA 0.47%

    $9,418

  • NGIF 0.88%

    $16,705

$10,000
30 years

Cost over time

  • NFRA 0.47%
  • NGIF 0.88%
  • Overpaying
One line per fund, from year 0 to year 30. Use the arrow keys to read each point.$0$5K$10K$15K$20K051015202530NGIF $16,705NFRA $9,418

Year by year

YearNFRANGIFOverpaying
10$847$1,559$712
20$3,261$5,891$2,630
30$9,418$16,705$7,287

Expense ratio

  • 0.47%NFRA, cheaper
  • 0.88%NGIF
  • Middle half of Infrastructure funds
  • Median 0.55%

NFRA 10th cheapest of 33 funds

NGIF 31st cheapest of 33 funds

NFRA vs NGIF Dividends

Last 12 months to Nov 2, 2026
Yield (12M)
NFRA 5.73%
NGIF No data
Payout (12M)
NFRA $3.70
NGIF None
Last payment
NFRA $0.33
NGIF No data
Ex-dividend
NFRA Sep 18, 2026
NGIF No data
Paid on
NFRA Sep 24, 2026
NGIF No data
Frequency
NFRA Quarterly
NGIF No data

Distribution history

Per share, 2017 to 2026, same scale for both

NFRAQuarterly · 40 paymentsAll NFRA payments⁠
One bar per payment. 40 payments from 2017 to 2026 YTD. Mar 20, 2017 $0.14; Jun 19, 2017 $0.49; Sep 18, 2017 $0.35; Dec 21, 2017 $0.39; Mar 19, 2018 $0.19; Jun 18, 2018 $0.44; Sep 24, 2018 $0.39; Dec 21, 2018 $0.32; Mar 15, 2019 $0.19; Jun 21, 2019 $0.40; Sep 20, 2019 $0.31; Dec 20, 2019 $0.32; Mar 20, 2020 $0.22; Jun 19, 2020 $0.26; Sep 18, 2020 $0.38; Dec 18, 2020 $0.33; Mar 19, 2021 $0.18; Jun 18, 2021 $0.39; Sep 17, 2021 $0.41; Dec 17, 2021 $0.52; Dec 30, 2021 $0.06; Mar 18, 2022 $0.17; Jun 17, 2022 $0.46; Sep 16, 2022 $0.29; Dec 16, 2022 $0.23; Mar 17, 2023 $0.13; Jun 16, 2023 $0.55; Sep 15, 2023 $0.32; Dec 15, 2023 $0.37; Mar 15, 2024 $0.13; Jun 21, 2024 $0.55; Sep 20, 2024 $0.35; Dec 20, 2024 $0.78; Mar 21, 2025 $0.14; Jun 20, 2025 $0.54; Sep 19, 2025 $0.33; Dec 19, 2025 $2.62; Mar 20, 2026 $0.16; Jun 18, 2026 $0.60; Sep 18, 2026 $0.33. Use the arrow keys to read each point.$0$2.502017202020232026YTD
NGIFAll NGIF payments⁠

No distribution history available.

NFRA vs NGIF Risk

Fall from peak · 5 years

This chart needs five years of history for both funds.

Risk facts

VolatilityStd dev, 3 years
NFRA 11.6%NGIF No data
Return per unit of riskSharpe ratio, 3 years
NFRA 0.87NGIF No data
Worst fallMax drawdown, 5 years
NFRA −22.1%NGIF No data
Market sensitivityBeta, 5 years
NFRA 0.68NGIF 0.72

NFRA and NGIF in the news

All news⁠

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