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IFRA

$24.90-0.16%Infrastructure55/100
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VanEck FTSE Global Infrastructure (Hedged) ETF · VanEck

Data as at 29 March 2026

TL;DR

Tracks global infrastructure companies — toll roads, airports, utilities, pipelines, and railways — with AUD/USD hedging. Infrastructure cash flows are typically long-duration and often inflation-linked.

MER (Annual Fee)
0.52%
#2 lowest in Infrastructure
1Y Return
+15.3%
3Y Return (p.a.)
+10.4%
Dividend Yield
2.88%
Trailing 12 months
AUM
$1,906.8M
Assets under management
Avg Daily Turnover
$6.7M
Avg shares × unit price
Unit Price
$24.90
As at 29 March 2026
Provider
VanEck
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Strategy

Managed by VanEck at 0.52% per year. Follows the FTSE Developed Core Infrastructure Index, which requires companies to have at least 65% of revenue from core infrastructure assets. AUD hedged.

Top Holdings

Key Fact

IFRA's holdings must derive at least 65% of revenue from core infrastructure assets. This is stricter than many funds labelled as infrastructure that include telecommunications and real estate companies under a broad infrastructure definition.

Suited for

Investors seeking income from physical assets with inflation-linked characteristics. Toll roads charge inflation-indexed tolls; utilities operate under regulated return frameworks. Infrastructure provides returns that are different to equity or bond returns.

Risks

Infrastructure valuations are sensitive to long-term interest rates — when rates rise, the present value of long-duration cash flows falls. Regulatory changes can affect the returns permitted on utility and toll road assets.

IFRA Comparisons

ETFCheck Score55/100
Fees (40%)22
Fund Size (25%)59
Liquidity (20%)84
Yield (15%)97
How scores are calculated →
Other Infrastructure ETFs
VBLD
0.47% MER
37View all Infrastructure ETFs →

Frequently Asked Questions - IFRA

Why does IFRA hedge its currency exposure and how does that benefit Australian income investors?+
IFRA uses currency hedging to neutralise fluctuations between the Australian dollar and foreign currencies, which stabilises the income stream from global toll roads, airports, and utilities. For SMSF trustees or retirees seeking predictable quarterly distributions, hedging prevents a rising AUD from eroding overseas earnings. With a yield of approximately 3.45% and a MER of 0.52%, IFRA prioritises income consistency over potential currency-driven upside that unhedged rivals like VBLD (ASX) offer.
How does IFRA compare to VBLD for Australian investors choosing a global infrastructure ETF?+
IFRA (VanEck, MER 0.52%) is currency-hedged while VBLD (Vanguard, MER 0.47%) is unhedged, making this the key structural difference. IFRA has delivered a 1-year return of 8.2% versus VBLD's 7.8%, partly reflecting hedging benefits during recent AUD movements. IFRA suits investors who want stable AUD-denominated income, while VBLD appeals to those comfortable with foreign exchange risk and preferring Vanguard's slightly lower fee structure.
What types of infrastructure assets does the FTSE Global Infrastructure Index behind IFRA actually hold?+
The FTSE Developed Core Infrastructure 50/50 Hedged into AUD Index targets listed companies across utilities, transportation, and energy infrastructure in developed markets. Holdings typically include operators of toll roads, electricity transmission networks, gas pipelines, airports, and rail systems. This regulated-asset focus gives IFRA defensive characteristics compared to broader equity ETFs, as infrastructure revenues are often inflation-linked or government-contracted, making it popular among Australian SMSF portfolios seeking inflation protection.
What are the main risks Australian investors should watch with IFRA?+
Despite its defensive reputation, IFRA carries interest rate sensitivity because infrastructure assets are often valued like bonds - rising global rates can pressure valuations. The hedging mechanism also introduces rollover costs that increase the MER drag beyond the stated 0.52% in volatile currency markets. Additionally, concentration risk exists as utilities typically dominate the index weighting. Australian investors should note distributions may include foreign income components requiring careful ATO reporting at tax time.