iShares U.S. Infrastructure ETF
ALTAR
Score™
4.9% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
22.6x P/Sales
ratio
1.2x
P/BV
ratio
2.1x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The iShares U.S. Infrastructure ETF tracks an index of US-listed infrastructure companies that derive a significant portion of their revenue from within the US.

FUND BASICS
Category US Equities
Fund Sponsor BlackRock
Website www.ishares.com
Inception date Apr 03, 2018
Assets (mns) $173
Currency USD
Expense ratio 40 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Tiered
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 132
Wgt avg mkt cap (mns) $12,357
Large cap (>$10bn) 31.9%
Mid cap ($2-10bn) 42.9%
Small cap (<$2bn) 25.2%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
BUILDERS FIRSTSOURCE INC 1.6 %
GIBRALTAR INDUSTRIES INC 1.0 %
APOGEE ENTERPRISES INC 0.9 %
TREX COMPANY INC 0.9 %
MASTEC INC 0.9 %
CLEVELAND-CLIFFS INC 0.9 %
NRG ENERGY INC 0.9 %
GREAT LAKES DREDGE & DOCK CO 0.9 %
NV5 HOLDINGS, INC. 0.9 %
GRANITE CONSTRUCTION INC 0.9 %
Total 9.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 98.3 %
BRITAIN 0.7 %









HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru December 31)
Year-to-date 1 year 5 years 10 years Since Incep.
7.3% 7.3% -- -- 7.8%

Market Correlations
versus... Beta R-squared
S&P500 1.05 84%
MSCI EAFE 1.04 82%
MSCI Emg. Mkts. 0.88 74%

Technical Indicators
Recent close $31.11
30d moving avg. $30.42
Annualized volatility 22.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 122
Turnover 2.2%
Bid/Ask (% of price) 0.23%
ADV underlying (mns) $10,780

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 98 potential alternatives to the iShares U.S. Infrastructure ETF ETF based on the alternatives' overlap in portfolio holdings with IFRA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: IFRA Expense: 40 bp ALTAR Score™: 4.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH IFRA
Ticker Fund
Name
Overlap1
vs IFRA
(%)
Expense
ratio
(bp)
Savings
vs IFRA
(bp)
ALTAR
Score™
(%)
ALTAR
vs IFRA
(%)
VPU Vanguard Utilities Index Fund 28.5 10 30 5.6 +0.7
FUTY Fidelity MSCI Utilities Index ETF 28.1 8 32 5.6 +0.7
PUI Invesco DWA Utilities Momentum ETF 26.2 60 -20 5.3 +0.4
IDU iShares U.S. Utilities ETF 26.1 43 -3 5.4 +0.4
PAVE Global X U.S. Infrastructure Development ETF 24.9 47 -7 4.2 -0.7
FXU First Trust Utilities AlphaDEX Fund 24.5 63 -23 5.9 +1.0
JHMU John Hancock Multifactor Utilities ETF 23.9 40 0 5.8 +0.8
TPHD Timothy Plan High Dividend Stock ETF 21.6 52 -12 5.5 +0.6
JDIV JPMorgan U.S. Dividend ETF 20.9 12 28 6.7 +1.8
FVL First Trust Value Line 100 ETF 20.9 70 -30 6.0 +1.0
FVD First Trust Value Line Dividend Index Fund 20.6 70 -30 5.8 +0.8
RYU Invesco S&P 500 Equal Weight Utilities ETF 18.7 40 0 6.0 +1.0
XLU Utilities Select Sector SPDR Fund 18.7 13 27 5.4 +0.5
JXI iShares Global Utilities ETF 18.3 46 -6 5.4 +0.5
DVY iShares Select Dividend ETF 17.8 39 1 8.0 +3.1
FTA First Trust Large Cap Value AlphaDEX Fund 17.5 60 -20 7.3 +2.4
JMIN JPMorgan U.S. Minimum Volatility ETF 17.3 12 28 5.3 +0.4
EMLP First Trust North American Energy Infrastructure Fund 16.2 96 -56 5.0 +0.1
VRAI Virtus Real Asset Income ETF 16.0 55 -15 8.8 +3.8
ECLN First Trust EIP Carbon Impact ETF 14.9 96 -56 3.2 -1.7
DON WisdomTree U.S. MidCap Dividend Fund 14.8 38 2 6.7 +1.7
MAGA Point Bridge GOP Stock Tracker ETF 14.7 72 -32 5.4 +0.4
JPUS JPMorgan Diversified Return U.S. Equity ETF 14.5 18 22 5.6 +0.7
INFR Legg Mason Global Infrastructure ETF 14.4 40 0 5.8 +0.8
JKI iShares Morningstar Mid-Cap Value ETF 14.4 30 10 7.7 +2.8
FAB First Trust Multi Cap Value AlphaDEX Fund 14.2 71 -31 7.5 +2.6
CDC VictoryShares US EQ Income Enhanced Volatility Wtd Index ETF 14.1 35 5 7.7 +2.8
CDL VictoryShares US Large Cap High Dividend Volatility Wtd Idx 14.1 35 5 7.7 +2.8
SPVM Invesco S&P 500 Value with Momentum ETF 13.9 39 1 7.7 +2.8
VFVA Vanguard U.S. Value Factor ETF 13.8 14 26 8.5 +3.6
VOE Vanguard Mid-Cap Value Index Fund 13.7 7 33 6.7 +1.7
UTES Virtus Reaves Utilities ETF 13.5 49 -9 4.2 -0.8
AMCA iShares Russell 1000 Pure U.S. Revenue ETF 13.1 15 25 6.0 +1.0
JPME JPMorgan Diversified Return U.S. Mid Cap Equity ETF 12.9 24 16 5.5 +0.5
LSLT Salt Low truBeta US Market ETF 12.9 60 -20 5.7 +0.8
MDYV SPDR S&P 400 Mid Cap Value ETF 12.9 15 25 6.9 +2.0
IJJ iShares S&P Mid-Cap 400 Value ETF 12.8 18 22 6.9 +1.9
FNK First Trust Mid Cap Value AlphaDEX Fund 12.8 70 -30 7.7 +2.8
CSB VictoryShares US Small Cap High Dividend Volatility Wtd Idx 12.5 35 5 7.2 +2.2
NFRA FlexShares STOXX Global Broad Infrastructure Index Fund 12.3 47 -7 5.9 +1.0
CZA Invesco Zacks Mid-Cap ETF 12.1 69 -29 5.6 +0.7
TOLZ ProShares DJ Brookfield Global Infrastructure ETF 12.1 47 -7 5.2 +0.2
IWS iShares Russell Mid-Cap Value ETF 11.9 24 16 5.9 +1.0
TPLC Timothy Plan US Large Cap Core ETF 11.8 52 -12 4.4 -0.5
GLIF AGFiQ Global Infrastructure ETF 11.5 45 -5 4.8 -0.1
SVAL iShares US Small Cap Value Factor ETF 11.4 20 20 8.3 +3.4
RWK Invesco S&P MidCap 400 Revenue ETF 11.3 39 1 6.3 +1.4
IGF iShares Global Infrastructure ETF 11.2 46 -6 4.7 -0.2
GII SPDR S&P Global Infrastructure ETF 11.2 40 0 4.8 -0.2
ONEY SPDR Russell 1000 Yield Focus ETF 11.2 20 20 7.2 +2.3
EQAL Invesco Russell 1000 Equal Weight ETF 11.2 20 20 5.0 +0.1
FXR First Trust Industrials/Producer Durables AlphaDEX Fund 11.1 63 -23 5.2 +0.2
TPYP Tortoise North American Pipeline Fund 11.0 40 0 5.6 +0.6
KLCD KFA Large Cap Quality Dividend Index ETF 10.9 42 -2 5.1 +0.1
SMDV ProShares Russell 2000 Dividend Growers ETF 10.9 41 -1 5.5 +0.6
IVOV Vanguard S&P Mid-Cap 400 Value ETF 10.8 15 25 6.7 +1.8
HSMV First Trust Horizon Managed Volatility Small/Mid ETF 10.8 80 -40 4.7 -0.3
FEX First Trust Large Cap Core AlphaDEX Fund 10.7 60 -20 4.7 -0.3
SDY SPDR S&P Dividend ETF 10.5 35 5 6.4 +1.5
ONEV SPDR Russell 1000 Low Volatility Focus ETF 10.5 20 20 6.2 +1.2
DHS WisdomTree U.S. High Dividend Fund 10.1 38 2 8.3 +3.4
FIW First Trust Water ETF 10.1 55 -15 3.2 -1.8
DES WisdomTree U.S. SmallCap Dividend Fund 10.0 38 2 6.7 +1.7
GBDV Global Beta Smart Income ETF 9.9 29 11 8.3 +3.4
PEY Invesco High Yield Equity Dividend Achievers ETF 9.9 52 -12 8.2 +3.3
XMVM Invesco S&P MidCap Value with Momentum ETF 9.6 39 1 8.0 +3.1
VBR Vanguard Small Cap Value Index Fund 9.5 7 33 6.4 +1.5
ESGS Columbia Sustainable U.S. Equity Income ETF 9.5 35 5 7.5 +2.6
VAW Vanguard Materials Index Fund 9.4 10 30 5.0 +0.1
EWMC Invesco S&P MidCap 400 Equal Weight ETF 9.4 40 0 5.6 +0.7
JKL iShares Morningstar Small Cap Value ETF 9.4 30 10 7.6 +2.6
SPYD SPDR S&P 500 High Dividend ETF 9.3 7 33 9.2 +4.2
USLB Invesco Russell 1000 Low Beta Equal Weight ETF 9.3 35 5 5.1 +0.1
FMAT Fidelity MSCI Materials Index ETF 9.2 8 32 5.0 +0.1
PKB Invesco Dynamic Building & Construction ETF 9.2 59 -19 5.2 +0.2
VUSE Vident Core US Equity Fund 9.0 48 -8 7.4 +2.4
TUSA First Trust Total US Market AlphaDEX ETF 9.0 70 -30 4.8 -0.2
EZM WisdomTree U.S. MidCap Earnings Fund 8.9 38 2 7.6 +2.6
MDY SPDR S&P Midcap 400 ETF Trust 8.8 23 17 5.1 +0.2
SPMD SPDR Portfolio Mid Cap ETF 8.8 5 35 5.3 +0.4
IJH iShares Core S&P Mid-Cap ETF 8.8 5 35 5.3 +0.4
RVRS Reverse Cap Weighted U.S. Large Cap ETF 8.7 29 11 6.2 +1.2
CFO VictoryShares US 500 Enhanced Volatility Weighted Index ETF 8.7 35 5 5.1 +0.1
TPSC Timothy Plan US Small Cap Core ETF 8.7 52 -12 5.7 +0.7
VYM Vanguard High Dividend Yield Index ETF 8.6 6 34 6.7 +1.7
CFA VictoryShares US 500 Volatility Weighted Index ETF 8.6 35 5 5.0 +0.1
TMDV ProShares Russell US Dividend Growers ETF 8.6 36 4 5.2 +0.3
RSP Invesco S&P 500 Equal Weight ETF 8.5 20 20 5.6 +0.7
SPHD Invesco S&P 500 High Dividend Low Volatility ETF 8.5 30 10 8.1 +3.1
DGRO iShares Core Dividend Growth ETF 8.5 8 32 6.0 +1.1
FNX First Trust Mid Cap Core AlphaDEX Fund 8.4 61 -21 5.1 +0.1
DEUS Xtrackers Russell 1000 Comprehensive Factor ETF 8.4 17 23 5.6 +0.7
USEQ Invesco Russell 1000 Enhanced Equal Weight ETF 8.4 29 11 6.0 +1.1
GSEW Goldman Sachs Equal Weight U.S. Large Cap Equity ETF 8.4 9 31 5.0 +0.0
VOOV Vanguard S&P 500 Value ETF 8.3 10 30 6.6 +1.7
CSF VictoryShares US Discovery Enhanced Volatility Weighted Idx 8.3 35 5 6.0 +1.0
CSA VictoryShares US Small Cap Volatility Weighted Index ETF 8.3 35 5 6.0 +1.0
IVOO Vanguard S&P Mid-Cap 400 ETF 8.3 10 30 5.3 +0.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
iShares U.S. Infrastructure ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 10.3 %
Divided by: Fwd. P/BV 1.9 x
Less: Expense ratio 40 bp
Equals: ALTAR Score 4.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.56 CATEGORY
AVERAGE
1.49
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.