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VanEck Vectors FTSE Global Infrastructure (Hedged) ETF IFRA

Fund description: IFRA gives investors exposure to a diversified portfolio of infrastructure securities listed on exchanges in developed markets around the world. IFRA aims to provide investment returns before fees and other costs which track the performance of the Index. 

Index description: The FTSE Developed Core Infrastructure 50/50 Hedged into Australian Dollars Index comprises securities in developed countries which provide exposure to core infrastructure businesses, namely transportation, energy and telecommunications, as defined by FTSE’s International Benchmark Classification. 

Management style:  Replication

Country of domicile: Australia

 as at 25-Jan-21

  • Exchange

    ASX

  • ASX code

    IFRA

  • Bloomberg index code

    FDCICAHN

  • Index provider

    FTSE

  • NAV1

    $19.37

  • Units outstanding1

    17,438,930

  • Net assets1

    $337.9M

  • Number of holdings1

    138

  • Inception date2

    29-Apr-16

  • ASX commencement

    03-May-16
1As of the close of the previous trading day.
2The date the ETF was seeded prior to quotation on ASX.

as at 25-Jan-21

*The NAV is generally calculated daily after all markets are closed for that day based on the closing price of the securities on the relevant foreign stock exchange. The NAV is then converted to AUD based on the relevant London WM Reuters 4pm exchange rate. This means, due to Australia’s time zone, that the NAV will generally not be updated until around 3pm next business day. 

 

Key points

Underlying Index: FTSE Developed Core Infrastructure 50/50 Hedged into Australian Dollars Index (FDCICAHN).

The Index comprises:
The eligible universe of securities is the FTSE Global Equity Index Series.
FTSE screens the eligible universe to include only companies in subsectors related to core infrastructure businesses according to Industry Benchmark Classification.

Only companies with at least 65% of their revenue attributable to core infrastructure activities are included.

The weight of each company is then capped to limit the exposure to particular infrastructure subsectors as follows:

  • 50% Utilities;
  • 30% Transportation; and
  • 20% Others eg Pipelines
Companies within Transportation are further capped as follows:
  • 22.5% Heavy construction; transportation services; and business support services;
  • 7.5% Railroads; travel & tourism.
Individual stocks are capped at 5%

Hedging:
The Index is notionally hedged into Australian dollars by rolling one-month forward foreign exchange contracts. As a result the Index is not fully hedged and retains some exposure to currency movements.

Index provider:
FTSE International Limited (FTSE), a member of the London Stock Exchange. FTSE is not a related body corporate of VanEck Investments Limited.

Index profile  

  • Bloomberg index code

    FDCICAHN

  • Launch date

    02-Mar-15

  • Base date

    31-Dec-09

  • Rebalance Frequency

    Quarterly

Top ten index constituents (%) Download all daily index constituents as at 31-Dec-20

Total constituents: 137
Constituent name
Ticker
 Weightings (%)
NEXTERA ENERGY INC
NEE US
 5.06
TRANSURBAN GROUP
TCL AU
 4.90
AENA SA
AENA SM
 4.64
AMERICAN TOWER CORP-CL A
AMT US
 3.84
ATLANTIA SPA
ATL IM
 3.32
DUKE ENERGY CORP
DUK US
 3.10
SOUTHERN CO
SO US
 2.98
DOMINION RESOURCES INC/VA
D US
 2.81
CROWN CASTLE INTL CORP
CCI US
 2.57
ENBRIDGE INC
ENB CN
 2.56
Top ten total (%) 35.78
These are not recommendations to buy or to sell any security. Securities and holdings may vary.

Index country weightings (%) as of 31-Dec-20

  • Country

    Weightings (%)

  • United States

    53.7

  • Australia

    9.8

  • Canada

    8.3

  • Spain

    6.4

  • Italy

    5.2

  • Japan

    3.7

  • United Kingdom

    3.1

  • New Zealand

    2.6

  • Hong Kong

    2.1

  • France

    1.6

  • Switzerland

    1.2

  • Germany

    1.0

  • Singapore

    0.4

  • South Korea

    0.3

  • Belgium

    0.2

  • Austria

    0.2

  • Luxembourg

    0.1

  • Portugal

    0.1

  • Total

    100.0

Index sector weightings (%) as at 31-Dec-20

  • Sector

    Weightings (%)

  • Electric Utilities

    29.2

  • Transportation Infrastructure

    24.4

  • Multi-Utilities

    13.7

  • Oil, Gas & Consumable Fuels

    8.2

  • Equity Real Estate Investment

    7.7

  • Road & Rail

    7.7

  • Gas Utilities

    4.4

  • Water Utilities

    3.1

  • Diversified Telecommunication Services

    1.3

  • Media

    0.3

  • Total

    100.0

Source: FTSE® is a trademark of the London Stock Exchange Group companies and is used by FTSE under licence. All rights in the FTSE indices vest in FTSE and/or its licensors. Neither FTSE nor its licensors accept any liability for any errors or omissions in the FTSE indices or underlying data. No further distribution of FTSE Data is permitted without FTSE’s express written consent.