The Largest Infrastructure ETFs

The Largest Infrastructure ETFs
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Three infrastructure ETFs now hold more than $10 billion each: Global X's PAVE at $13.6 billion, First Trust's GRID at $12.0 billion and iShares' IGF at $10.3 billion.

1. Global X U.S. Infrastructure Development ETF (PAVE): $13.6B

PAVE holds 100 US companies that benefit from infrastructure spending, mostly industrials (73.4%) and materials (21.9%). Top holdings include Emerson Electric, Fastenal and Deere. The expense ratio is 0.47%..

2. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID): $12.0B

GRID holds 123 companies tied to the electric grid, including equipment makers, utilities and engineering firms. Its top holdings are Quanta Services, Johnson Controls and Eaton. The expense ratio is 0.56%.

3. iShares Global Infrastructure ETF (IGF): $10.3B

IGF holds 75 global infrastructure companies across utilities (40.7%), transportation (38.8%) and energy (20.2%). About 38% of assets are in the United States. The expense ratio is 0.37%.

4. iShares U.S. Infrastructure ETF (IFRA): $4.0B

IFRA holds 161 US companies, mainly utilities (41.2%) and industrials (36.7%). It has the lowest fee of the group at 0.30%.

5. Northern Trust STOXX Global Broad Infrastructure ETF (NFRA): $3.0B

NFRA holds about 170 global companies that earn a large share of revenue from infrastructure, across utilities, transportation and communications. The expense ratio is 0.47%.

6. BNY Mellon Global Infrastructure Income ETF (BKGI): $1.4B

BKGI is the one actively managed fund on the list. It holds about 30 global infrastructure stocks and focuses on income. The expense ratio is 0.55%.

7. SPDR S&P Global Infrastructure ETF (GII): $0.9B

GII tracks the same index as IGF and holds the same number of securities, 75, but with far fewer assets. The expense ratio is 0.40%.

Source: Dakota Marketplace, ETF Database

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Sammy Wilson, Investment Research Associate

Written By: Sammy Wilson, Investment Research Associate