VanEck FTSE Global Infrastructure (AUD Hedged) ETF (IFRA) Review & Analysis

MER · Top 25%AUM · Top 10%1Y Return · Top 50%3Y Return · Top 50%5Y Return · #122 of 225

What's new this monthData to 30 September 2026

−5.3% in September (total return), behind the median property & infrastructure ETF at −3.9%.
Investors added a net $56m (2.7% of the fund). That ranked #32 of 508 ETFs for new money.
The unit price closed the month at $23.86, 12% below its 12-month high (range $22.73 to $27.00).

About IFRA

IFRA is VanEck's Global Infrastructure ETF, hedged into Australian dollars. It tracks the FTSE Developed Core Infrastructure 50/50 Index, holding well over a hundred listed infrastructure companies across developed markets. The index caps the weight of utilities, so transport and energy pipelines get a fair share alongside electricity and water companies. It is passive.

The fund holds airports, toll roads, rail operators, pipelines and power utilities, mostly in the US and Europe, with Transurban among the larger holdings. These businesses tend to have steady, often inflation linked earnings, which can make them more defensive than the broad share market. Income is meaningful but mostly unfranked. The currency hedge removes most exchange rate effects. The main risks are rising interest rates, which weigh on infrastructure valuations, and regulatory change.

IFRA is often used as a diversifier alongside shares, or as part of an income portfolio. The closest alternative is GLIN, which tracks the same index, and active managers include GIFL. See IFRA vs GLIN, GIFL vs IFRA and IFRA vs MICH.

IFRA distributions and dividend dates

IFRA pays distributions quarterly, usually going ex-distribution in January, April, July and October, with payment about 17 days after the ex-date.

The latest distribution was $0.19 per unit (0% franked), ex-distribution on 1 October 2026 and paid on 16 October 2026. To receive it you need to own IFRA before the ex-date.

Its distribution yield over the past 12 months is about 2.9%. Distributions vary and past payments are not a guide to future ones.

From ASX announcements, updated nightly. See every ETF in the dividend calendar.

Compare IFRA Check overlap VanEck website ↗

Compare IFRA with

IFRAvsVBLD

Vanguard Global Infrastructure Index ETF

Fee	0.20%	0.47%
1 year	+5.3%	−0.8%
5 yrs p.a.	+5.3%	+6.0%
Size	$2.1bn	$648m

Same holdings86%Near identical

Full comparison →

IFRAvsGIFL

Lazard Global Listed Infrastructure Active ETF

Fee	0.20%	0.98%
1 year	+5.3%	+6.1%
5 yrs p.a.	+5.3%	–
Size	$2.1bn	$3.0bn

Same holdingsNo holdings data

Full comparison →

IFRAvsGLIN

iShares Core FTSE Global Infrastructure (AUD Hedged) ETF

Fee	0.20%	0.15%
1 year	+5.3%	+5.7%
5 yrs p.a.	+5.3%	–
Size	$2.1bn	$1.9bn

Same holdings99%Near identical

Full comparison →

IFRAvsREIT

VanEck FTSE International Property (AUD Hedged) ETF

Fee	0.20%	0.20%
1 year	+5.3%	+6.4%
5 yrs p.a.	+5.3%	−0.5%
Size	$2.1bn	$798m

Same holdings0%No companies in common

Full comparison →

IFRA price by TradingView

Stock Code	IFRA
Fund Manager	VanEck
Asset Class	Property & infrastructure
AUM	$2.1bn
MER (%)	0.20%
Net flows (Sep)	+$56m
Last Price	$23.86
52-Week Range	$22.73 – $27.00
Bid/Ask Spread	0.07%
Listing Date	03/05/2016
Exchange	ASX
Index tracked	FTSE Developed Core Infrastructure 50/50 Index (hedged)
Issuer website	VanEck ↗

Performance (% return)

1 month−5.3%

1 year+5.3%

3 years p.a.+12.1%

5 years p.a.+5.3%

$10,000 invested…

1 year ago$10,5303 years ago$14,1015 years ago$12,942

Value at 30 September 2026 with distributions reinvested, before tax and brokerage.

Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.

IFRA at a glance: strengths and things to watch

👍 Strengths

Low cost. At 0.20% a year it is cheaper than 80% of property & infrastructure ETFs.
Large and established. $2.1bn under management, number 40 of 508 ETFs in Australia by size.
Ahead of its peers. +5.3% a year over 5 years, against +2.5% for the median property & infrastructure ETF.
Cheap to trade. A bid/ask spread of 0.07%, so buying and selling costs little extra.
Long track record. Listed since 2016, through several market cycles.

⚠️ Things to watch

Nothing stands out against its category.

Worked out from IFRA's fees, size, flows, returns and trend against the 20 property & infrastructure ETFs in Australia, to 30 September 2026. General information, not a recommendation.

etfadviserTrend check

Base since 19 Oct 2026

IFRA is in a base. Here's why that matters.

IFRA's moving averages are tangled and the price is moving sideways. The trend hasn't picked a direction yet. Its price is 2.6% below its 12-month high.

Why it matters: Bases are where the next big move starts. A breakout can begin a new uptrend, while a breakdown can start a long fall. Buying a satellite before the breakout often means waiting months for nothing to happen.

At ETF Adviser the core of a portfolio stays invested through every stage, and satellite ETFs are only bought in an uptrend. Members get a weekly update on which ETFs are breaking out of a base and which trends have broken.

Get the weekly trend updates: try it free for 30 days How base and trend works →See every ETF's stage →Visit etfadviser.com.au →

UptrendBaseDowntrend

IFRA weekly price, past 12 months, shaded by trend stage. Stage as at 7 November 2026, updated weekly. A technical label, not a recommendation.

IFRA vs its benchmark

How IFRA has done against the FTSE Developed Core Infrastructure 50/50 Index (AUD hedged), after fees. For an index fund, a small shortfall roughly the size of the fee is normal.

	IFRA	Benchmark	Difference
1 year	+13.44%	+13.28%	+0.16%
3 years p.a.	+15.69%	+15.50%	+0.19%
5 years p.a.	+7.13%	+7.07%	+0.06%

Issuer figures to 31 October 2026, fund returns after fees. Source: VanEck. Compare more ETFs vs their benchmark →

💡 Cheaper twin

GLIN holds 99% of the same companies as IFRA for 0.05% a year less, which is $50 a year on $100,000. See all cheaper alternatives to IFRA →

Investment Focus

Themes & Sectors

Currency hedged Infrastructure

Portfolio Breakdown

Top 10 holdings (34.8% of the fund)

Symbol	Company	% assets
AENA		4.88%
NEE		4.78%
TCL		4.75%
UNP		3.96%
SO		3.28%
DUK		3.02%
ENB		2.77%
NG		2.57%
AIA		2.46%
WMB		2.28%

Sector breakdown

Utilities49.2%
Industrials29.4%
Energy16.2%
Real Estate3.7%
Communication Services0.9%
Information Technology0.6%
Consumer Discretionary0.0%

Country breakdown

United States59.8%
Canada10.7%
ES6.1%
Australia5.6%
United Kingdom4.3%
Japan3.5%
NZ2.5%
France1.6%
Other5.8%

Holdings from the issuer's published portfolio as at 30 October 2026. Breakdowns are based on the largest 143 positions, covering 100% of the fund. Compare IFRA's holdings with other ETFs →

Best-endeavours estimate. Built from each issuer's published holdings, which may be weeks or months old, may cover only part of a fund (some publish only their top 10) and are matched by company name. Figures may be incomplete or inaccurate. Check the issuer's website and PDS before relying on them. General information only.

Similar ETFs

Code	Name	Same holdings	MER	AUM	1Y	3Y p.a.	5Y p.a.
GLIN	iShares Core FTSE Global Infrastructure (AUD Hedged) ETF Currency hedged	99%	0.15%	$1.9bn	+5.7%	+12.3%	–
VBLD	Vanguard Global Infrastructure Index ETF	86%	0.47%	$648m	−0.8%	+9.5%	+6.0%
REIT	VanEck FTSE International Property (AUD Hedged) ETF Currency hedged	0%	0.20%	$798m	+6.4%	+8.9%	−0.5%
GLPR	iShares Core FTSE Global Property Ex Australia (AUD Hedged) ETF Currency hedged	0%	0.15%	$695m	+6.3%	+8.7%	–
TOLL	Betashares FTSE Global Infrastructure Shares Currency Hedged ETF Currency hedged	–	0.14%	$29m	–	–	–
CIIH	CB Global Infrastructure Income (Hedged) Active ETF Currency hedged	–	1.02%	$1.4bn	+10.5%	–	–

Same holdings is the share of IFRA's money in companies the other ETF also holds, weighted by size. Most similar first, then ETFs in the same category. See every ETF like IFRA →

IFRA vs its closest alternatives

What actually differs between IFRA and the ETFs most like it. Data to 30 Sep 2026.

GLIN iShares Core FTSE Global Infrastructure (AUD Hedged) ETF

They share 99% of their holdings: largely the same companies.
GLIN is cheaper (0.15% vs 0.20%), worth about $3,506 on $100,000 over 20 years.
Over 3 years, a year: IFRA +12.1%, GLIN +12.3% (almost identical).

Full IFRA vs GLIN comparison →

VBLD Vanguard Global Infrastructure Index ETF

They share 86% of their holdings: largely the same companies.
IFRA is cheaper (0.20% vs 0.47%), worth about $18,401 on $100,000 over 20 years.
Over 3 years, a year: IFRA +12.1%, VBLD +9.5% (IFRA ahead by 2.6 percentage points).
IFRA is about 3 times larger ($2.1bn vs $648m), which usually means tighter trading spreads.
Different structure: IFRA is currency hedged, VBLD is a standard fund.

Full IFRA vs VBLD comparison →

REIT VanEck FTSE International Property (AUD Hedged) ETF

They share 0% of their holdings: mostly different companies.
Both charge the same fee (0.20%).
Over 3 years, a year: IFRA +12.1%, REIT +8.9% (IFRA ahead by 3.3 percentage points).
IFRA is about 3 times larger ($2.1bn vs $798m), which usually means tighter trading spreads.

Full IFRA vs REIT comparison →

General information only. Past performance is not a reliable indicator of future performance.

Popular comparisons

IFRA vs VBLD GIFL vs IFRA IFRA vs GLIN IFRA vs REIT IFRA vs GLPR IFRA vs CIIH IFRA vs CIVH IFRA vs QGFH IFRA vs MCSI IFRA vs MICH

IFRA FAQs

What is the fee for IFRA?

IFRA charges a management fee (MER) of 0.20% a year, according to the TMX Australia monthly funds report as at 30 September 2026.

How big is IFRA?

IFRA had $2.1bn in funds under management as at 30 September 2026.

How has IFRA performed?

IFRA returned +5.3% over the year to 30 September 2026 (total return, including distributions). Over three years it returned +12.1% a year. Past performance is not a reliable indicator of future performance.

Who manages IFRA?

IFRA is managed by VanEck and has been listed since May 2016.

Does IFRA pay monthly?

IFRA pays distributions four times a year, usually going ex-distribution in January, April, July and October. It does not pay monthly. If you want monthly income, see the ETF dividend calendar on ReviewETF for funds that pay every month.

When is the next IFRA distribution?

Based on its usual schedule, IFRA's next distribution should go ex around the start of January, with payment about 17 days later. Dates can move, so check VanEck's announcements to confirm.

What is IFRA's dividend yield?

IFRA's distribution yield over the past 12 months was about 3.1%. Yields change with the unit price and each payment, and are not a forecast.

What does IFRA hold?

IFRA's largest holdings are Aena SME SA (4.9%), NextEra Energy Capital Holdings Inc (4.8%), Transurban Group (4.8%), Union Pacific Corp (4.0%), Southern Co/The (3.3%). It holds about 143 investments in total. The biggest sector is utilities at 49%. Holdings as at 30 October 2026.

Is IFRA currency hedged?

Yes. IFRA is currency hedged, so changes in the Australian dollar have little effect on its returns. You get the return of the underlying investments in their local currency, less a small cost of hedging.

Is there a cheaper alternative to IFRA?

Yes. GLIN (iShares Core FTSE Global Infrastructure (AUD Hedged) ETF) holds about 99% of the same companies and charges 0.15% a year, against 0.20% for IFRA. Check the index and size before switching, and remember selling may trigger capital gains tax.

Disclaimer

This review is general information only and does not take into account your objectives, financial situation or needs. Consider the VanEck product disclosure statement (PDS) and target market determination (TMD) before investing. Past performance is not a reliable indicator of future performance.