ETF Evaluator:
iShares Environmental Infras & IndstrETF ()
Follow This ETF
(as of Aug 26)
Best Performing in Infrastructure Over the Last Year
| 30.0% | Themes US Infrastructure ETF () |
| 27.5% | First Trust NASDAQ® Cln Edge®StGidIfsETF (GRID) |
| 25.2% | Xtrackers US Green Infras Sel Eq ETF (UPGR) |
| 24.3% | Global X US Infrastructure Dev ETF (PAVE) |
| 21.8% | iShares US Infrastructure ETF (IFRA) |
Risk
Index
Risk
Index
ETF Details
iShares Environmental Infras & IndstrETF Overview
iShares Environmental Infras & IndstrETF (EFRA) is a passively managed Sector Equity Infrastructure exchange-traded fund (ETF). iShares launched the ETF in 2022.
The investment seeks to track the investment results of the FTSE Green Revenues Select Infrastructure and Industrials Index composed of U.S. and non-U.S. companies that provide infrastructure and industrials solutions aiming to support energy efficiency and emissions mitigation, pollution reduction or land and resource optimization.
The fund seeks to track the investment results of the index, which has been developed by FTSE International Limited (the “index provider” or “FTSE”). It is non-diversified.
About iShares Environmental Infras & IndstrETF (EFRA)
There are 4 members of the management team with an average tenure of 1.94 years: Jennifer Hsui (2022), Peter Sietsema (2025), Matt Waldron (2025) and Steven White (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 1 primary benchmark: FTSE Green Rev Select Infra & Ind TR USD index with a weighting of 100%. iShares Environmental Infras & IndstrETF has 101 securities in its portfolio. The top 10 holdings constitute 51.1% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a nondiversified fund. The ETF is considered to have an ESG focus with its investment selection and management.
iShares Environmental Infras & IndstrETF is part of the Equity global asset class and is within the Sector Equity ETF group. iShares Environmental Infras & IndstrETF has 48.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 51.5% There is 48.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). iShares Environmental Infras & IndstrETF has 0.4% of the portfolio in cash.
Assets Under Management
The fund has $5 million in total assets, which is below the $1 billion average for the Infrastructure category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
EFRA Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The iShares Environmental Infras & IndstrETF expense ratio is average compared to funds in the Infrastructure category. iShares Environmental Infras & IndstrETF has an expense ratio of 0.47%, which is 12% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. iShares Environmental Infras & IndstrETF has a portfolio turnover rate of 24%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 40% for the Infrastructure category.
Recently, in the month of July 2026, iShares Environmental Infras & IndstrETF returned -0.9%, which earned it a grade of C, as the Infrastructure category had an average return of -2.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
iShares Environmental Infras & IndstrETF has a trailing yield of 1.59%, which is below the 2.04% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
iShares Environmental Infras & IndstrETF Grades
Year to date, the ETF has returned 7.7%, 6.2 percentage points worse than the category, which translates into a grade of F. The fund has returned 11.9% over the past year (grade of F) and 10.3% over the past three years (grade of D).
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EFRA Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| EFRA Return (NAV) | -0.9% | 0.5% | 11.9% | 10.3% | na | na |
| EFRA Return (Price) | -0.1% | 1.1% | 12.0% | 10.5% | na | na |
| NAV +/- Price Return | -0.795% | -0.652% | -0.102% | -0.229% | na | na |
| Infrastructure Avg | -2.8% | -1.9% | 18.7% | 13.0% | 10.2% | 9.3% |
| EFRA Grade (NAV) | C | A | F | D | na | na |
| +/- Category (NAV) | 1.9% | 2.4% | -6.8% | -2.7% | na | na |
| EFRA Tax-Cost Ratio | na | na | 1.2% | 1.0% | na | na |
EFRA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| EFRA Return (NAV) | 7.7% | 14.0% | 8.2% | 13.9% | na | na | na | na | na | na | na |
| EFRA Return (Price) | 8.8% | 13.8% | 8.1% | 14.0% | na | na | na | na | na | na | na |
| NAV +/- Price Ret | 0.136% | -0.012% | -0.022% | 0.009% | na | na | na | na | na | na | na |
| Infrastructure Avg | 13.9% | 21.7% | 7.2% | 11.3% | -4.1% | 20.7% | 6.3% | 27.8% | -11.8% | 18.0% | 14.9% |
| EFRA Grade (NAV) | F | F | C | A | na | na | na | na | na | na | na |
| +/- Category | -6.2% | -7.7% | 1.1% | 2.6% | na | na | na | na | na | na | na |
| Risk Measures | |
| Beta: | 0.84 |
| R-Squared: | 51% |
| Standard Deviation: | 15.0% |
| Category Risk Index: | 0.91 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.23 |
| Total Risk Rating: | Average |
| Portfolio Characteristics | |
| Yield: | 1.6% |
| Total Assets: | $ 6 Mil |
| Share Class Assets: | $ 6 Mil |
| Turnover: | 24.0% |
| Expense Ratio: | 0.47% |
| Index Fund: | Yes |
| Index Tracked: | FTSE Green Rev Select Infra & Ind TR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | Yes |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 3.8 years | |||
| Average Tenure: 1.9 years | |||
| Managers (Year): Hsui Jennifer (2022), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 101 |
| % in Top 10 Holdings: | 51.1% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 48.2% |
Portfolio Allocation |
|
| Domestic Stock: | 51.5% |
| Foreign Stock: | 48.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.4% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | November 1, 2022 |
Expenses and Fees
| Expense Ratio (%): | 0.47% (Rating: Avg) |
| Category Average Expense Ratio (%): | 0.53% |
