ETF Evaluator: FlexShares STOXX Global Broad Infras ETF () Follow This ETF

FlexShares STOXX Global Broad Infras ETF Overview

FlexShares STOXX Global Broad Infras ETF (NFRA) is a passively managed Sector Equity Infrastructure exchange-traded fund (ETF). Flexshares Trust launched the ETF in 2013.

The investment seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the STOXX® Global Broad Infrastructure Index. The index reflects the performance of a selection of companies that, in aggregate, offer broad exposure to publicly-traded developed- and emerging-market infrastructure companies, including U.S. companies, as defined by STOXX Ltd. (the "index provider") pursuant to its index methodology. Under normal circumstances, the fund will invest at least 80% of its total assets in the securities of the index and in ADRs and GDRs based on the securities in the index.

About FlexShares STOXX Global Broad Infras ETF (NFRA)

There are 3 members of the management team with an average tenure of 8.12 years: Robert Anstine (2013), Brendan Sullivan (2016) and Yair Walny (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and S&P Global Infrastructure NR USD index with a weighting of 100%. FlexShares STOXX Global Broad Infras ETF has 206 securities in its portfolio. The top 10 holdings constitute 28.6% 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.

FlexShares STOXX Global Broad Infras ETF is part of the Equity global asset class and is within the Sector Equity ETF group. FlexShares STOXX Global Broad Infras ETF has 59.4% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 40.1% There is 59.4% 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). FlexShares STOXX Global Broad Infras ETF has 0.5% of the portfolio in cash.

Assets Under Management

The fund has $3 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.

NFRA 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 FlexShares STOXX Global Broad Infras ETF expense ratio is average compared to funds in the Infrastructure category. FlexShares STOXX Global Broad Infras ETF 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. FlexShares STOXX Global Broad Infras ETF has a portfolio turnover rate of 13%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 40% for the Infrastructure category.

Recently, in the month of July 2026, FlexShares STOXX Global Broad Infras ETF returned 1.9%, which earned it a grade of A, 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.

FlexShares STOXX Global Broad Infras ETF has a trailing yield of 5.67%, which is above 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.

FlexShares STOXX Global Broad Infras ETF Grades

Year to date, the ETF has returned 9.4%, 4.5 percentage points worse than the category, which translates into a grade of F. The fund has returned 14.1% over the past year (grade of F), 11.5% over the past three years (grade of D) and 6.0% per year over the past five years (grade of F) and 6.7% per year over the past 10 years (grade of F).

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