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
2The date the ETF was seeded prior to quotation on ASX.
as at 25-Jan-21
-
Dividend frequency
4 each year -
Management costs p.a.
0.52% - Investment management team »
- Market Announcements
- IFRA Fact Sheet
- White paper: Investing in global infrastructure
*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
- 22.5% Heavy construction; transportation services; and business support services;
- 7.5% Railroads; travel & tourism.
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
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 |
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.