Key Highlights

  • The fund balances infrastructure enablers with infrastructure asset owners across U.S. markets.
  • Union Pacific, NextEra Energy and CSX are among the largest holdings.
  • The portfolio includes 160 companies, with a 0.30 percent expense ratio.
  • Net Assets were about $4.1 billion on November 11, 2026.

The iShares U.S. Infrastructure ETF (CBOE:IFRA) closed at $58.11 on November 11, 2026, with net assets of about $4.1 billion. The fund seeks to track an index of U.S. companies with infrastructure exposure, balancing firms that enable infrastructure projects with those that own and operate infrastructure assets. Its portfolio covers railroads, utilities, engineering firms and construction equipment makers.

Ticker and exchange

IFRA, Cboe BZX

Benchmark index

NYSE FactSet U.S. Infrastructure Index

Net asset value

$58.11 (Nov 11, 2026)

Daily NAV change

Up $0.55 (0.96%)

Net assets

$4,053,117,764

Number of holdings

160

Expense ratio

0.30%

30-day SEC yield

1.70%

Distribution frequency

Quarterly

Fund inception

April 3, 2018

Two Sides of Infrastructure

The index separates companies into two groups. Infrastructure enablers Supply the equipment, engineering and construction services used to build and maintain projects, while infrastructure asset owners control the railways, power grids and other facilities that generate ongoing revenue. Balancing the two groups gives the fund a mix of project-driven and asset-driven businesses.

With 160 holdings, the fund offers wider coverage than a narrow infrastructure index. Investors can see the range of sectors represented, from industrials and utilities to materials.

Leading Holdings

Union Pacific accounts for about 4.26 percent of market value, followed by NextEra Energy at 4.24 percent and CSX at 3.73 percent. Quanta Services holds roughly 3.42 percent, and Southern Company accounts for about 3.13 percent. Caterpillar, Duke Energy, Norfolk Southern, United Rentals and Constellation Energy also rank among the top ten.

Railroads, electric utilities and construction services make up a large portion of the top positions. The mix reflects how infrastructure spending connects to transportation, power generation and the equipment used to build projects.

Trading and Distribution Details

About 257,055 shares traded on November 11, 2026, compared with a 30-day Average Daily Volume of roughly 295,507 shares. The 30-day median bid-ask spread was 0.04 percent, and the fund had 69.75 million shares outstanding.

The fund distributes income quarterly, and the September 2026 payment totaled $0.259166 per share. The 30-day SEC Yield was 1.70 percent and the 12-month trailing yield was 1.74 percent, both reported at the end of October 2026.

Final Word

IFRA covers a wide set of U.S. companies connected to infrastructure, with a balanced approach between enablers and asset owners. Its 0.30 percent expense ratio and quarterly distributions define the fund's basic terms. Its performance will continue to depend on public and private infrastructure spending, Utility Demand and the operating results of its largest holdings.