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Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares STOXX Global Broad Infrastructure Index Fund

NFRA | ETF

$54.27

$2.54 B

5.73%

$3.10

0.48%

Vitals

YTD Return

4.8%

1 yr return

5.6%

3 Yr Avg Return

1.3%

5 Yr Avg Return

2.9%

Net Assets

$2.54 B

Holdings in Top 10

27.8%

52 WEEK LOW AND HIGH

$54.1
$51.40
$59.95

Expenses

OPERATING FEES

Expense Ratio 0.48%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 13.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

N/A

IRA

N/A

Fund Classification

Fund Type

Exchange Traded Fund

Name

As of 12/23/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

FlexShares STOXX Global Broad Infrastructure Index Fund

NFRA | ETF

$54.27

$2.54 B

5.73%

$3.10

0.48%

NFRA - Profile

Distributions

  • YTD Total Return 4.8%
  • 3 Yr Annualized Total Return 1.3%
  • 5 Yr Annualized Total Return 2.9%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 5.7%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    FlexShares STOXX Global Broad Infrastructure Index Fund
  • Fund Family Name
    Flexshares Trust
  • Inception Date
    Oct 08, 2013
  • Shares Outstanding
    46500001
  • Share Class
    N/A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Robert Anstine

Fund Description

The Underlying Index is designed to reflect the performance of a selection of companies that, in aggregate, offer broad exposure to publicly traded developed- and emerging-market infrastructure companies, including U.S. companies, as defined by STOXX Ltd. (the “Index Provider”) pursuant to its index methodology. In addition, NTI believes that the companies in the Underlying Index have the potential to generate income through dividend and other payments received.
To be eligible for inclusion in the Underlying Index, companies must generate at least 50% of their respective revenues from the ownership, development, construction, financing or operation of infrastructure-related assets in the following five supersector groups: (i) communication (i.e., cable and satellite, data centers, wireless, wireless towers and wireline); (ii) energy (i.e., energy utilities and mid-stream energy); (iii) government outsourcing/social (i.e., correctional facilities, hospitals and postal services); (iv) transportation (i.e., air transportation, passenger transportation, rail transportation, road transportation and water transportation); and (v) utilities (i.e., waste management
and water utilities). Securities must also meet certain minimum liquidity requirements. Eligible securities are then selected based on largest free-float adjusted market capitalization, with a maximum of 40 securities from each supersector group and with a cap on the number of constituent securities among the sector groups of each supersector group. To prevent companies, supersectors and countries from dominating the portfolio, the Underlying Index also includes constituent, supersector and country weight caps (“Weight Caps”). Constituents of the Underlying Index may include common and preferred stocks, publicly-traded units of master limited partnerships (“MLPs”) and real estate investment trusts (“REITs”).
As of December 31, 2023, the Underlying Index was comprised of 171 issues with market capitalizations ranging from $87 million to $176 billion. The Underlying Index is reconstituted on an annual basis and the Weight Caps are applied on a quarterly basis. The Fund generally reconstitutes or otherwise modifies its portfolio in accordance with the Underlying Index.
NTI uses a “passive” or indexing approach to try to achieve the Fund’s investment objective. Unlike many investment companies, the Fund does not try to “beat” the index it tracks and does not seek temporary defensive positions when markets decline or appear overvalued.
NTI uses a representative sampling strategy to manage the Fund. “Representative sampling” is investing in a representative sample of securities that collectively has an investment profile similar to the Underlying Index. The Fund may or may not hold all of the securities that are included in the Underlying Index. The Fund reserves the right to invest in substantially all of the securities in its Underlying Index in approximately the same proportions (i.e., replication) if NTI determines that it is in the best interest of the Fund.
Under normal circumstances, the Fund will invest at least 80% of its total assets (exclusive of collateral held from securities lending) in the securities of the Underlying Index and in American Depositary Receipts (“ADRs”) and Global Depositary Receipts (“GDRs”) (collectively “Depositary Receipts”) based on the securities in the Underlying Index. The Fund may also invest up to 20% of its assets in cash and cash equivalents, including shares of money market funds advised by NTI or its affiliates, futures contracts,
options on futures contracts and forward currency contracts, as well as securities not included in the Underlying Index, but which NTI believes will help the Fund track its Underlying Index.
The Underlying Index is sponsored by the Index Provider, an organization that is independent of the Fund and NTI. The Index Provider determines the composition and relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index.
The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of the collateral received).
From time to time the Fund may focus its investments (i.e.,invest more than 15% of its total assets) in one or more particular countries or geographic regions. As of December 31, 2023, the Fund focused its investments in the United States, Canada, Japan, Germany and Spain.
Industry Concentration Policy. The Fund will concentrate its investments (i.e., hold 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of December 31, 2023, the Underlying Index was concentrated in infrastructure-related companies in the communication, industrials and utilities subsector groups. The components of the Underlying Index, and the degree to which these components represent certain industries or sectors, may change over time.
Read More

NFRA - Performance

Return Ranking - Trailing

Period NFRA Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% -14.5% 20.7% 71.74%
1 Yr 5.6% -13.9% 21.8% 70.65%
3 Yr 1.3%* -13.4% 14.4% 65.22%
5 Yr 2.9%* -3.1% 18.8% 82.67%
10 Yr 4.5%* 2.3% 8.2% 61.70%

* Annualized

Return Ranking - Calendar

Period NFRA Return Category Return Low Category Return High Rank in Category (%)
2023 6.1% -17.5% 30.1% 15.22%
2022 -12.1% -28.1% -3.4% 68.48%
2021 6.7% -28.7% 35.7% 63.22%
2020 -0.2% -12.5% 28.8% 26.67%
2019 23.3% 9.9% 33.6% 37.84%

Total Return Ranking - Trailing

Period NFRA Return Category Return Low Category Return High Rank in Category (%)
YTD 4.8% -14.5% 20.7% 71.74%
1 Yr 5.6% -13.9% 21.8% 70.65%
3 Yr 1.3%* -13.4% 14.4% 65.22%
5 Yr 2.9%* -3.1% 18.8% 82.67%
10 Yr 4.5%* 2.3% 8.2% 61.70%

* Annualized

Total Return Ranking - Calendar

Period NFRA Return Category Return Low Category Return High Rank in Category (%)
2023 9.0% -15.6% 31.0% 13.04%
2022 -10.1% -27.1% -0.5% 80.43%
2021 9.6% -3.5% 36.4% 85.06%
2020 2.3% -11.2% 29.9% 17.33%
2019 26.3% 16.7% 35.3% 67.57%

NFRA - Holdings

Concentration Analysis

NFRA Category Low Category High NFRA % Rank
Net Assets 2.54 B 1.83 M 9.72 B 7.61%
Number of Holdings 193 26 233 2.17%
Net Assets in Top 10 634 M 823 K 5.61 B 6.52%
Weighting of Top 10 27.82% 8.2% 62.5% 97.83%

Top 10 Holdings

  1. Canadian Pacific Kansas City Ltd. 3.72%
  2. Canadian National Railway Co. 3.53%
  3. Deutsche Telekom AG (Registered) 3.31%
  4. Verizon Communications, Inc. 2.73%
  5. Comcast Corp., Class A 2.58%
  6. NextEra Energy, Inc. 2.51%
  7. Union Pacific Corp. 2.42%
  8. Waste Connections, Inc. 2.40%
  9. SoftBank Group Corp. 2.32%
  10. Enbridge, Inc. 2.28%

Asset Allocation

Weighting Return Low Return High NFRA % Rank
Stocks 		99.10% 86.92% 101.95% 23.91%
Other 		3.96% -0.22% 3.96% 1.09%
Preferred Stocks 		0.00% 0.00% 2.81% 22.83%
Convertible Bonds 		0.00% 0.00% 2.46% 19.57%
Cash 		0.00% 0.00% 8.62% 100.00%
Bonds 		0.00% 0.00% 6.41% 20.65%

Stock Sector Breakdown

Weighting Return Low Return High NFRA % Rank
Industrials 		32.52% 0.00% 68.24% 28.26%
Utilities 		25.13% 3.71% 96.19% 96.74%
Communication Services 		24.60% 0.00% 27.53% 3.26%
Energy 		8.65% 0.00% 32.46% 71.74%
Real Estate 		5.44% 0.00% 23.51% 66.30%
Healthcare 		3.38% 0.00% 6.54% 6.52%
Technology 		0.20% 0.00% 25.65% 58.70%
Basic Materials 		0.08% 0.00% 25.54% 26.09%
Financial Services 		0.00% 0.00% 17.28% 27.17%
Consumer Defense 		0.00% 0.00% 0.99% 27.17%
Consumer Cyclical 		0.00% 0.00% 10.02% 26.09%

Stock Geographic Breakdown

Weighting Return Low Return High NFRA % Rank
Non US 		57.92% 0.00% 97.95% 8.70%
US 		41.18% 1.96% 99.99% 84.78%

NFRA - Expenses

Operational Fees

NFRA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.48% 0.30% 10.15% 93.48%
Management Fee 0.47% 0.30% 1.00% 6.52%
12b-1 Fee 0.00% 0.00% 1.00% 2.27%
Administrative Fee N/A 0.04% 0.15% N/A

Sales Fees

NFRA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 4.50% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

NFRA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 2.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

NFRA Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 13.00% 13.00% 128.00% 1.41%

NFRA - Distributions

Dividend Yield Analysis

NFRA Category Low Category High NFRA % Rank
Dividend Yield 5.73% 0.00% 5.50% 43.48%

Dividend Distribution Analysis

NFRA Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Quarterly SemiAnnual

Net Income Ratio Analysis

NFRA Category Low Category High NFRA % Rank
Net Income Ratio N/A -0.39% 4.38% 10.28%

Capital Gain Distribution Analysis

NFRA Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Distributions History

View More +

NFRA - Fund Manager Analysis

Managers

Robert Anstine

Start Date

Tenure

Tenure Rank

Oct 08, 2013

8.65

8.7%

Robert Anstine is Vice President of NTI. Mr. Anstine joined NTI in 2011 and is responsible for managing various global index equity portfolios. In addition, he has been involved with the investment management of the FlexShares equity index funds since their inception. Prior to joining NTI and since 2007, Mr. Anstine worked at Northern Trust as an operations manager.

Brendan Sullivan

Start Date

Tenure

Tenure Rank

Jun 21, 2016

5.95

6.0%

Brendan Sullivan is a Vice President of Northern Trust Investments Inc. Mr. Sullivan joined NTI in 2012 and is a Senior Portfolio Manager responsible for the management of international equity index portfolios, overlay mandates and equity exchange-traded funds. Prior to joining NTI in May 2012, Mr. Sullivan was an Index Strategist at RBC Capital Markets, where he produced research and advised clients on implementing strategies around index events.

Volter Bagriy

Start Date

Tenure

Tenure Rank

Mar 01, 2021

1.25

1.3%

Mr. Bagriy joined Northern Trust Investments, Inc. in 2014 and serves as a portfolio manager on the Global Index team.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.17 18.18 5.81 8.08

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