IFRAAU VanEck FTSE Global Infrastructure (Hedged) ETF Please read important disclosure Close important disclosure false au en false false
  • IFRA
    VanEck FTSE Global Infrastructure (Hedged) ETF

    IFRA
    VanEck FTSE Global Infrastructure (Hedged) ETF

    • NAV
      $19.27

      as at 20-Feb-24
    • Total Net Assets
      $800.40M
    • Dividend Frequency
      4 each year
    • Management fee (p.a.)
      0.20%
    • Number of securities
      134
    • Inception Date
      29-Apr-16
    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.
    IFRA SQUARE

    Overview

    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. 

    Key benefits

    Global infrastructure exposure

    Access to a diversified portfolio that provides targeted exposure to listed global infrastructure companies

    Infrastructure provides investors with stable income

    Global infrastructure assets have provided investors with inflation-linked and regulated income

    Diversified across companies and sub-sectors

    Company and sector capping provides comprehensive exposure with diversification across companies and sub-sectors

    Australian dollar currency hedged

    Index 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.

    Performance

    Holdings & allocations

    Dividends

    Election of Dividend Reinvestment Plan (DRP)

    You can elect DRP by logging into Link’s Investor Centre (https://investorcentre.linkmarketservices.com.au/Login). Once you are logged in, please proceed to the “Payments and Tax” tab and select “Reinvestment Update”.

    Documents & insights

    IFRAAU
    /blog/infrastructure/