Key Highlights

  • The fund holds 160 U.S. companies that span infrastructure enablers and asset owners.
  • NextEra Energy, Union Pacific and CSX are the largest positions by market value.
  • Net asset value is $57.61, after a one-day gain of $1.72, or 3.07%.
  • The expense ratio is 0.30%, and distributions are paid quarterly.

Infrastructure spending has become a recurring topic in U.S. policy and Business coverage, and the iShares U.S. Infrastructure ETF (CBOE:IFRA) offers a single holding built around that theme. Figures in this article are current to November 9, 2026. The fund seeks to track an index of U.S. companies with infrastructure exposure, balancing firms that enable infrastructure projects with those that own infrastructure assets. Shares trade on Cboe BZX, and the fund has been listed since April 2018.

Fund Fact

Detail

Exchange and ticker

Cboe BZX: IFRA

Fund inception

April 3, 2018

Net assets

$4.02 billion

Net asset value

$57.61

Daily NAV change

+$1.72 (+3.07%)

Expense ratio

0.30%

30-day SEC yield

1.79%

Distribution frequency

Quarterly

Number of holdings

160

Asset Owners and Enablers in the Portfolio

NextEra Energy represents about 4.3% of market value, followed by Union Pacific at 4.2% and CSX at 3.7%. Quanta Services, Southern Company and Caterpillar also rank among the top holdings, covering utilities, railroads and engineering services.

The balance between asset owners such as utilities and railroads and enablers such as construction and equipment firms gives the portfolio a mix of industrial and Utility characteristics. Industrials and utilities together account for most of the weight.

Trading and Market Activity

The net asset value rose $1.72 in the latest session, a gain of 3.07%. Shares outstanding total about 69.8 million, and the 30-day average Volume of roughly 297,000 shares indicates steady trading. The median bid-ask spread of 0.04% reflects low trading costs.

The premium of 0.01 to NAV in recent figures shows shares trading close to the value of their underlying holdings. Investors still transact at market prices rather than at net asset value.

Costs, Income and Risks

The expense ratio is 0.30%, consisting of a management fee of the same amount. Distributions are paid quarterly, and the 30-day SEC Yield of 1.79% points to a moderate income profile.

Infrastructure stocks can be sensitive to government spending decisions, financing costs and utility regulation. Concentration in industrial and utility sectors means the fund may respond to shifts in those industries.

Final Word

The iShares U.S. Infrastructure ETF offers a sector-focused route into companies that build, maintain and own American infrastructure. Its balance of enablers and asset owners, moderate fee and quarterly income define its character. Investors will consider how infrastructure exposure fits alongside their wider industrial and utility holdings.