ETF Evaluator:
iShares US Infrastructure ETF ()
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 US Infrastructure ETF Overview
iShares US Infrastructure ETF (IFRA) is a passively managed Sector Equity Infrastructure exchange-traded fund (ETF). iShares launched the ETF in 2018.
The investment seeks to track the NYSE® FactSet U.S. Infrastructure Index (the "underlying index") composed of equities of U.S. companies that have infrastructure exposure and that could benefit from a potential increase in domestic infrastructure activities.
The fund will invest at least 80% of its assets in the component securities of the index and in investments that are substantially identical to the component securities of the index and may invest up to 20% of its assets in certain futures, options and swap contracts, cash and cash equivalents, as well as in securities not included in the index, but which BFA believes will help the fund track the index.
About iShares US Infrastructure ETF (IFRA)
There are 4 members of the management team with an average tenure of 3.08 years: Jennifer Hsui (2018), 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 2 primary benchmarks: MSCI USA NR USD index with a weighting of 100% and NYSE FactSet US Infrastructure TR USD index with a weighting of 100%. iShares US Infrastructure ETF has 168 securities in its portfolio. The top 10 holdings constitute 32.6% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
iShares US Infrastructure ETF is part of the Equity global asset class and is within the Sector Equity ETF group. iShares US Infrastructure ETF has 4.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 95.2% There is 4.7% 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 US Infrastructure ETF has 0.1% of the portfolio in cash.
Assets Under Management
The fund has $4 billion in total assets, which is above 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.
IFRA 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 US Infrastructure ETF expense ratio is below average compared to funds in the Infrastructure category. iShares US Infrastructure ETF has an expense ratio of 0.30%, which is 44% lower than its category average, making the fund expense ratio grade a A. 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 US Infrastructure ETF has a portfolio turnover rate of 68%, 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 US Infrastructure ETF returned -4.0%, which earned it a grade of D, 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 US Infrastructure ETF has a trailing yield of 1.61%, which is below the 2.04% category average.
The fund normally distributes its income quarterly.
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 US Infrastructure ETF Grades
Year to date, the ETF has returned 15.9%, 2.0 percentage points better than the category, which translates into a grade of B. The fund has returned 21.8% over the past year (grade of B), 16.7% over the past three years (grade of B) and 13.3% per year over the past five years (grade of B).
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IFRA 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 |
|
| IFRA Return (NAV) | -4.0% | -3.0% | 21.8% | 16.7% | 13.3% | na |
| IFRA Return (Price) | -3.9% | -3.0% | 21.8% | 16.7% | 13.3% | na |
| NAV +/- Price Return | -0.061% | 0.002% | -0.079% | 0.017% | -0.012% | na |
| Infrastructure Avg | -2.8% | -1.9% | 18.7% | 13.0% | 10.2% | 9.3% |
| IFRA Grade (NAV) | D | D | B | B | B | na |
| +/- Category (NAV) | -1.2% | -1.0% | 3.0% | 3.7% | 3.1% | na |
| IFRA Tax-Cost Ratio | na | na | 0.6% | 0.5% | 0.5% | na |
IFRA Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| IFRA Return (NAV) | 15.9% | 16.1% | 17.0% | 13.2% | -3.1% | 29.8% | 7.3% | 26.7% | na | na | na |
| IFRA Return (Price) | 16.0% | 15.9% | 17.0% | 13.4% | -3.3% | 29.8% | 7.4% | 27.0% | na | na | na |
| NAV +/- Price Ret | 0.005% | -0.009% | -0.000% | 0.018% | 0.063% | 0.002% | 0.010% | 1.3% | 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% |
| IFRA Grade (NAV) | B | F | A | B | B | B | C | C | na | na | na |
| +/- Category | 2.0% | -5.6% | 9.9% | 1.9% | 1.0% | 9.0% | 1.0% | -1.1% | na | na | na |
| Risk Measures | |
| Beta: | 0.94 |
| R-Squared: | 48% |
| Standard Deviation: | 17.3% |
| Category Risk Index: | 1.05 |
| Category Risk Rating: | Above Average |
| Total Risk Index: | 1.41 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 1.6% |
| Total Assets: | $ 4,546 Mil |
| Share Class Assets: | $ 4,546 Mil |
| Turnover: | 68.0% |
| Expense Ratio: | 0.30% |
| Index Fund: | Yes |
| Index Tracked: | MSCI USA NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | |
| Income Distribution Frequency: | Quarterly |
Management Team
| Number of Managers: 4 | |||
| Longest Tenure: 8.3 years | |||
| Average Tenure: 3.1 years | |||
| Managers (Year): Hsui Jennifer (2018), Sietsema Peter (2025), Waldron Matt (2025), White Steven (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 168 |
| % in Top 10 Holdings: | 32.6% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 4.7% |
Portfolio Allocation |
|
| Domestic Stock: | 95.2% |
| Foreign Stock: | 4.7% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 0.1% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | iShares |
| Phone Number: | 800-474-2737 |
| Website: | au.ishares.com |
| Inception Date: | April 3, 2018 |
Expenses and Fees
| Expense Ratio (%): | 0.30% (Rating: Below Avg) |
| Category Average Expense Ratio (%): | 0.53% |
