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iShares Global Infrastructure UCITS ETFIndex, costs, backtest, listings and taxation

ISIN: IE00B1FZS467Ticker: INFR (Borsa Italiana) · IQQI (Xetra) · IDIN (London SE) · INFR (Euronext AMS) · INFR (SIX)Issuer: iShares
Issuer-declared data
Declared index
FTSE Global Core Infrastructure Index (USD)
TER
0.65%
Transaction costs
0.00% (issuer estimate, from the KID)
Management
Passive (index-tracking)
Replication
Income policy
SFDR
Article 6 — does not promote specific ESG characteristics what does it mean?
Theme
Infrastructure · Infrastructure & resources
Fund assets
2.1 bn EUR
NAV
38.34 USD (1 September 2026)
Domicile
Ireland
Inception date
20 October 2006
Data as declared by iShares in the issuer’s official files and endpoints · collected on 2 September 2026 (monthly refresh). Facts only, no recommendation.
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Description

iShares Global Infrastructure UCITS ETF tracks the issuer-declared index: FTSE Global Core Infrastructure Index (USD). The declared annual cost (TER) is 0.65%, plus 0.00% in transaction costs estimated by the issuer in the KID. Replication is physical replication (the KID declares buying all or a substantial number of the index constituents); income is distributed to investors. The fund has assets of about 2.1 billion euro, was launched on 20 October 2006 and is domiciled in Ireland.

The fund’s objective — in the issuer’s words

The Share Class is a share class of a Fund which aims to achieve a return on your investment, through a combination of capital growth and income on the Fund’s assets, which reflects the return of the FTSE Global Core Infrastructure Index, the Fund’s benchmark index (Index). The Share Class, via the Fund is passively managed, and aims to invest so far as possible and practicable in the equity securities (e.g. shares) that make up the Index. The Index measures the performance of companies that meet the index provider’s eligibility requirements within three core infrastructure sectors: transportation, energy and telecommunications. For companies to be included in the Index, at least 65% of their revenues must be attributable to infrastructure-related activities as determined by the index provider. The Index is market capitalisation-weighted and rebalances on a semi-annual basis. In addition to the semi-annual reviews, there will be two additional quarterly reviews which will consider changes to the shares in issue and free float of current constituents, as well as changes to the underlying index universe. Market capitalisation is the share price of a company multiplied by the number of shares issued. Free float means that only shares available to international investors rather than all of a company’s issued shares are used in calculating the Index. Free float market capitalisation is the share price of a company multiplied by the number of shares available to international investors. The Fund intends to replicate the Index by holding the equity securities, which make up the Index, in similar proportions to it. The Fund may also engage in short-term secured lending of its investments to certain eligible third parties to generate additional income to off-set the costs of the Fund. The investment manager may use financial derivative instruments (FDIs) (i.e. investments the prices of which are based on one or more underlying assets) to help achieve the Fund’s investment objective. FDIs may be used for direct investment purposes. The price of equity securities fluctuates daily and may be influenced by factors affecting the performance of the individual companies issuing the equities, as well as by daily stock market movements, and broader economic and political developments which in turn may affect the value of your investment. The relationship between the return on your investment, how it is impacted and the period for which you hold your investment is considered below (see “How long should I hold it and can I take my money out early?”).

Keep reading the KID section ▾

The depositary of the Fund is The Bank of New York Mellon SA/NV, Dublin Branch. Further information about the Fund can be obtained from the latest annual report and half-yearly reports of the iShares II plc. These documents are available free of charge in English and certain other languages. These can be found, along with other (practical) information, including prices of units, on the iShares website at: www.ishares.com or by calling +49 89427295800 or from your broker or financial adviser.

Your shares will be distributing shares (i.e. income will be paid on the shares quarterly). Your shares will be denominated in US Dollar, the Fund's base currency. The shares are listed and traded on various stock exchanges. In normal circumstances, only authorised participants may buy and sell shares directly with the Fund. Investors who are not authorised participants (e.g. select financial institutions) can generally only buy or sell the shares on the secondary market (e.g. via a broker on a stock exchange) at the then prevailing market price. The value of the shares are related to the value of the underlying assets of the Fund, less costs (see “What are the costs?” below). The prevailing market price at which the shares trade on the secondary market may deviate from the value of the Shares. Indicative net asset value is published on relevant stock exchanges websites.

Intended retail investor:The Fund is intended for retail investors with the ability to bear losses up to the amount invested in the Fund (see “How long should I hold it and can I take my money out early?”).

Insurance benefits:The Fund does not offer any insurance benefits.

From the KID’s “Objectives” section · 4 August 2026 · original document ↓
Text generated from the data the issuer declares in official product lists. No recommendation.

Quick reads

  • TER 0.65%: above the median of equity ETFs we track (0.22%).
  • Assets larger than 84% of equity ETFs we track.
  • Average tracking difference over the last 3 years: -0.21% p.a., against a declared TER of 0.65%.
Comparisons computed by Rebalix on the declared data in our census; they describe the past and are not indicative of future results.

Official documents

Key Information Document (KID)PDF in English, from the issuer’s site — always the latest filed versionProspectusPDF in English, from the issuer’s site — the fund’s full legal documentFactsheetPDF in English, from the issuer’s site — the fund’s monthly snapshot
The KID is the document the law requires you to read before investing: 3 pages covering risks, costs and scenarios. The link opens the issuer’s published PDF.

Fund performance

issuer-declared net asset value (NAV) · USD · from Oct 2006 to Aug 2026
Compare with another ETF
Only funds we hold a history for. Three at a time, at most.
Return
+159.2%
Annualised
+4.9%
Volatility (ann.)
15.5%
Max drawdown
-49.84%
-34%+19%+72%+125%+178%Oct 2006Sept 2011Aug 2016Aug 2021Aug 2026The break-even line: the value at the start of the period. Above it you are in gain, below in loss.break-even (0%)+159%Oct 2006Aug 2026
Note — currency risk: the fund is denominated (or hedged) in USD and the chart is in USD. For a euro investor, returns also depend on the EUR/USD exchange rate, up or down.
Tip: drag across the chart to zoom into a period.

Drawdown — distance from previous peak

This isn’t the return: it shows how far the fund is below its previous peak. 0% = you’re at the peak; below zero = how much you’re down and haven’t recovered yet.
0%-10%-20%-30%-40%-50%2006200920122015201820212024−49.84% · 09 Mar 2009
Max drawdown
-49.84%
peak → trough
Trough
09 Mar 2009
from the 07 Dec 2007 peak
Recovery time
2,121 days
recovery only: trough to break-even · ≈ 5 years and 10 months
Underwater
2,579 days
decline + recovery: peak to break-even · ≈ 7 years and 1 month · → recovered on 29 Dec 2014

The five worst falls in the period

From the peak ofTroughDepthBack to break-evenDays underwater
07 Dec 200709 Mar 2009-49.84%29 Dec 20142,579
14 Feb 202023 Mar 2020-35.33%15 Apr 2021426
20 Apr 202204 Oct 2023-21.98%23 Aug 2024856
29 Dec 201420 Jan 2016-19.81%05 Apr 2017828
01 Jun 200716 Aug 2007-9.63%26 Sept 2007117

Calendar-year returns

2016
10.5%
2017
14.8%
2018
-2.0%
2019
25.0%
2020
-1.6%
2021
16.6%
2022
-6.8%
2023
0.5%
2024
8.7%
2025
12.5%
2026
9.9%

Month-by-month returns

JanFebMarAprMayJunJulAugSeptOctNovDecYear
20264.19.0-3.53.6-3.01.00.5-1.69.9
20251.12.51.70.81.20.90.31.22.4-1.13.3-2.112.5
2024-2.30.73.2-2.14.7-2.87.23.82.4-2.43.5-6.78.7
20231.4-5.12.61.8-5.23.52.1-5.4-4.9-0.87.64.00.5
2022-3.4-1.08.0-4.91.7-5.85.9-2.1-11.93.07.7-2.3-6.8
2021-1.4-0.97.73.10.5-1.01.41.9-4.65.9-3.37.116.6
20203.0-8.7-12.96.84.4-2.63.60.7-0.9-0.96.71.3-1.6
20197.93.02.60.9-1.03.3-0.20.91.80.5-0.93.925.0
2018-0.5-4.91.52.00.41.52.7-0.60.1-2.23.4-5.0-2.0
20171.03.21.70.83.7-0.91.61.9-0.91.22.1-1.514.8
20161.60.17.90.6-0.04.81.0-4.01.9-1.8-4.93.610.5
2015-0.3-2.6-1.82.5-0.5-4.92.8-5.1-2.14.1-4.3-1.1-13.0
2014-0.14.62.62.51.54.0-3.82.7-3.23.00.0-0.114.2
20132.7-0.33.76.1-6.2-1.34.2-4.04.33.0-1.61.111.4
2012-1.02.80.6-0.3-5.15.50.0-0.12.00.8-2.61.53.6
20113.02.6-2.54.7-2.4-0.1-2.8-3.2-3.34.6-0.70.3-0.3
2010-5.1-1.33.0-1.2-8.2-0.58.1-0.34.24.1-5.85.00.8
2009-6.3-11.60.55.88.00.84.33.83.3-4.34.73.411.1
2008-7.3-0.4-0.63.73.5-3.8-3.8-3.5-12.1-14.2-1.94.8-31.8
2007-0.21.84.03.92.5-2.7-3.31.75.06.21.3-0.421.2
20065.12.99.0
From month-end NAVs, over the fund’s full history, on the series shown in the chart (dividends reinvested where declared). Deeper colour = larger move.
Issuer-declared series with dividends reinvested: the total performance, comparable with accumulating funds. Switch it off to see the price (NAV) alone, which drops at every dividend payment.
Source: iShares. Issuer-declared historical series; inflation: Eurostat and national statistical institutes, latest available July 2026 — for later days the index stays at the last published value (institutes publish with a few weeks’ lag). The «adjusted for inflation» view expresses value in today’s purchasing power for the selected country; volatility always stays nominal, as elsewhere on the site (deflating it would add artificial swings caused by the monthly cadence of the price index). Past performance is not indicative of future results: these are facts, not a recommendation.

Tracking difference — fund vs index

How much the fund returned above (+) or below (−) its index, year by year. It measures the actual deviation: the combined effect of costs (TER and transaction), securities-lending revenue and replication optimisations — which is why it can beat the TER. Tracking difference was positive in 0 of the last 10 calendar years: a past observation, not an indication of future outperformance.
Average TD (last 3 years)
-0.21% /anno
Declared TER
0.65%
YearFundIndexDifference
2025+12.51%+12.75%-0.24%
2024+8.67%+8.88%-0.21%
2023+0.51%+0.68%-0.17%
2022-6.75%-6.51%-0.24%
2021+16.60%+16.96%-0.36%
2020-1.56%-1.45%-0.11%
2019+24.96%+25.29%-0.32%
2018-2.01%-1.72%-0.29%
2017+14.75%+14.89%-0.14%
2016+10.55%+10.63%-0.08%
Total-return figures from issuer-declared series (primary source); complete calendar years. TD is not comparable across sites using different methodologies or index variants. Past performance is not indicative of future results. What is tracking difference? →

Risk indicators· EUR

Last yearLast 3 yearsLast 5 yearsLast 10 yearsFull history
Volatility (ann.)11.27%12.24%13.79%15.38%15.70%
Max drawdown-6.84%-12.57%-25.99%-35.12%-44.02%
Sharpe0.840.380.150.260.16
Sortino1.250.520.200.360.22
Computed from the daily NAV series, always in nominal terms. Sharpe and Sortino use the ECB main refinancing rate averaged over the period (last year: 2.20%), weighted by days in force, as the risk-free rate. Same formulas as our public methodology: sample standard deviation annualised over 252 days; Sortino with downside deviation. Past performance is not indicative of future results. Figures in EUR — series converted day by day at ECB reference rates; the table follows the currency selected in the chart.

Portfolio holdings

Securities in portfolio
267
329 total lines: 62 cash & derivatives
Top-10 weight
33.1%

Top 10 holdings

UNION PACIFIC · UNP
5.46%
NEXTERA ENERGY · NEE
5.26%
ENBRIDGE · ENB
3.38%
SOUTHERN · SO
3.03%
CSX · CSX
2.87%
DUKE ENERGY CORP · DUK
2.86%
WILLIAMS · WMB
2.80%
CANADIAN PACIFIC KANSAS CITY · CP
2.52%
AMERICAN TOWER REIT · AMT
2.51%
NATIONAL GRID PLC · NG.
2.41%

Sectors

Utilities
53.4%
Industrials
22.7%
Energy
16.9%
Real Estate
4.2%
Communication
2.1%
Cash and/or Derivatives
0.6%
Information Technology
0.3%

Countries

AfghanistanAngolaAlbaniaUnited Arab Emirates: 0.3%ArgentinaArmeniaFrench Southern and Antarctic LandsAustralia: 1.6%AustriaAzerbaijanBurundiBelgium: 0.2%BeninBurkina FasoBangladeshBulgariaThe BahamasBosnia and HerzegovinaBelarusBelizeBoliviaBrazil: 1.6%BruneiBhutanBotswanaCentral African RepublicCanada: 13.1%Switzerland: 0.2%Chile: 0.1%China: 1.2%Ivory CoastCameroonDemocratic Republic of the CongoRepublic of the CongoColombia: 0.1%Costa RicaCubaCyprusCzech RepublicGermany: 0.1%DjiboutiDenmarkDominican RepublicAlgeriaEcuadorEgyptEritreaSpain: 2%EstoniaEthiopiaFinlandFijiFalkland IslandsFrance: 0.4%GabonUnited KingdomGeorgiaGhanaGuineaGambiaGuinea BissauEquatorial GuineaGreece: 0.4%GreenlandGuatemalaFrench GuianaGuyanaHondurasCroatiaHaitiHungaryIndonesia: 0.1%India: 1.8%IrelandIranIraqIcelandIsraelItaly: 1.2%JamaicaJordanJapan: 3.9%KazakhstanKenyaKyrgyzstanCambodiaSouth Korea: 0.2%KosovoKuwaitLaosLebanonLiberiaLibyaSri LankaLesothoLithuaniaLuxembourgLatviaMoroccoMoldovaMadagascarMexico: 0.6%MacedoniaMaliMyanmarMontenegroMongoliaMozambiqueMauritaniaMalawiMalaysia: 0.6%NamibiaNew CaledoniaNigerNigeriaNicaraguaNetherlandsNorwayNepalNew Zealand: 0.4%OmanPakistanPanamaPeruPhilippines: 0.5%Papua New GuineaPolandPuerto RicoNorth KoreaPortugalParaguayQatarRomaniaRussiaRwandaWestern SaharaSaudi Arabia: 0.1%SudanSouth SudanSenegalSolomon IslandsSierra LeoneEl SalvadorSomaliaRepublic of SerbiaSurinameSlovakiaSloveniaSwedenSwazilandSyriaChadTogoThailand: 0.4%TajikistanTurkmenistanEast TimorTrinidad and TobagoTunisiaTurkeyTaiwan: 0.1%United Republic of TanzaniaUgandaUkraineUruguayUnited States of America: 63.5%UzbekistanVenezuelaVietnamVanuatuWest BankYemenSouth AfricaZambiaZimbabwe
up to 1%1–5%5–15%15–30%over 30%
Hover a country for its percentage.
Top 7 countries
United States63.5%
Canada13.1%
Japan3.9%
United Kingdom3.7%
Spain2%
India1.8%
Brazil1.6%
⬇ Download the full portfolio — Excel, 329 rows
Full portfolio declared by iShares, as of 31 August 2026: this is the summary. Percentages may not sum to 100 due to cash, derivatives and rounding.
Fund historyFund-assets (AUM) chart year by year and monthly basket snapshots.Open the history →

Dividends

Latest dividend
0.2453 USD
ex 20 Aug 2026 · paid 31 Aug 2026
Dividends, last 12 months
0.80 USD
Dividend yield
2.07%
12-month sum over the NAV as of 3 Sept 2026

Yield by year

PeriodDividendsDividend yield
1 year0.80 USD2.31 %
20250.79 USD2.43 %
20240.76 USD2.50 %
20230.72 USD2.32 %
20220.66 USD1.94 %
20210.65 USD2.20 %

Dividend contribution to total return

-10%0%10%20%+13.77 %1 year+12.43 %2025+8.58 %2024+0.42 %2023−6.68 %2022+16.42 %2021
dividendsprice changeprice decline

Calendar per share (USD)

YearJanFebMarAprMayJunJulAugSepOctNovDec
20260.180.200.25
20250.160.200.250.17
20240.170.180.240.17
20230.150.170.230.17
20220.150.150.210.15
20210.150.150.220.14
20200.140.140.190.14
20190.140.150.200.14
20180.130.150.190.13
20170.160.140.240.14
20160.130.130.270.14
20150.140.140.270.16
20140.140.130.310.14
20130.130.110.300.19
20120.160.110.340.19
20110.140.150.350.15
20100.150.120.230.090.13
20090.150.090.380.11
20080.110.080.390.08
20070.110.060.340.08

Latest dividends

Per shareEx-dividend dateRecord datePayment
0.2453 USD20 Aug 202621 Aug 202631 Aug 2026
0.1951 USD21 May 202622 May 202629 May 2026
0.1847 USD19 Feb 202620 Feb 202627 Feb 2026
0.1732 USD13 Nov 202514 Nov 202526 Nov 2025
0.2547 USD14 Aug 202515 Aug 202527 Aug 2025
0.1958 USD15 May 202516 May 202529 May 2025
0.1629 USD13 Feb 202514 Feb 202526 Feb 2025
0.1682 USD14 Nov 202415 Nov 202427 Nov 2024
Per-share dividends as declared by the issuer, in USD, since the first payment (31 Jan 2007). Past dividends are not indicative of future ones.

Share classes of the same fund

This page covers ISIN IE00B1FZS467. The other classes belong to the same fund but may differ in currency, income policy or currency hedging.
Share classISINTickerIncomeCurrency
USD (Acc)IE000CK5G8J7CBUXAccumulatingUSD
GBP Hedged (Acc)IE000TCZMZM8INGHAccumulatingGBP
USD (Dist) · this pageIE00B1FZS467INFRDistributingUSD
Share classes declared by the issuer in official product lists (same fund = same issuer and same declared name). A dash “—” = not declared — not a zero.

Italian taxation

Effective rate on capital gains
26.00%
White-list share
0.00%
From the government-bond («white list») share certified by the issuer every semester: 12.5% on that portion, 26% on the rest.
Deep-dive into this fund’s taxation →

Where it shows up commission-free in Italy

According to the official lists published by the brokers (downloaded and cross-checked by us), these share classes of the fund appear tradable with zero fees:

IE00B1FZS467INFR(class: USD (Dist))
  • Directazero within the savings plan (buys)
  • Directazero on single buys from 1,500 €, agreement until 31 December 2026
  • Moneyfarmzero within the savings plan (buys), agreement until 31 March 2027
  • Moneyfarmzero on single buys from 1,000 €, agreement until 31 March 2027
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
IE000CK5G8J7CBUX(class: USD (Acc))
  • XTBzero (up to €100,000 monthly volume, unreachable for a retail plan); fractions available in plans
Full terms, traps and method in the observatory: Free savings plans and zero-commission ETFs: the broker survey

Official lists verified on 3 September 2026. We record published terms — this is neither an invitation to open accounts nor a recommendation: lists change, the broker’s documents prevail. Trade Republic, Scalable Capital and Trading 212 publish no per-ISIN lists and don’t appear here.

Stock exchange listings

ExchangeTickerTrading since
Borsa Italiana (ETFplus)INFR3 Nov 2008
Börse DüsseldorfIQQI8 Jun 2016
Börse FrankfurtIQQI8 Jun 2016
Börse HamburgIQQI8 Jun 2016
Börse HannoverIQQI21 Dec 2022
Börse München / gettexIQQI8 Jun 2016
Börse StuttgartIQQI8 Jun 2016
Euronext AmsterdamINFR16 Jan 2007
Tradegate ExchangeIQQI8 Jun 2016
Xetra (Deutsche Börse)IQQI8 Jun 2016
+ 20 more trading venues (MTFs and professional platforms).
Trading venues from the official ESMA register (FIRDS); per-exchange tickers from the issuer’s tax documents and official listings. A dash “—” = that venue does not publish the item (ticker, currency or start date) in the sources we read. The same fund may trade in different currencies depending on the exchange: check the trading currency with your broker. Non-EU listings (e.g. UK, Mexico) not included.

Frequently asked questions

Which index does iShares Global Infrastructure UCITS ETF track?
The issuer iShares declares the benchmark: FTSE Global Core Infrastructure Index (USD).
How much does INFR cost?
The issuer-declared TER is 0.65% per year; the transaction costs estimated in the KID are 0.00%.
How is INFR taxed in Italy?
On sale, the capital gain is taxed at an effective 26.00% rate (white-list share 0.00%): 12.5% on the government-bond “white list” portion, 26% on the rest.
What is the fund size of INFR?
The fund size declared by iShares is about 2.1 billion euro.
When was INFR launched?
The fund was launched on 20 October 2006: it has 19 years of history.
How does INFR replicate its index?
It is a passively managed ETF: it follows the declared index. Physical (issuer wording: “Fisica (dal KID)”).
Does INFR pay dividends?
Yes: it is a distributing share class — income is paid out periodically (issuer wording: “Distributing”).
Where does INFR trade?
Per the official ESMA register it trades on 10 main exchanges, including Borsa Italiana (ETFplus) (INFR), Börse Düsseldorf (IQQI), Börse Frankfurt (IQQI), Börse Hamburg (IQQI), Börse Hannover (IQQI), Börse München / gettex (IQQI).
What was INFR's worst fall?
Over the available history (since 2006), the maximum drawdown was -51.38%, reached in March 2009. Past performance is not indicative of future results.
What is INFR's tracking difference?
Over the last 3 complete calendar years the fund returned on average -0.21% per year versus its index (from issuer-declared series).
How many securities does INFR hold?
The declared portfolio holds 267 securities (plus 62 cash & derivative lines); the top 10 positions weigh 33.1%.
Transparency note
The data in this sheet is declared by iShares in the issuer’s official files and endpoints, collected by Rebalix with a monthly refresh; taxation derives from the issuer’s tax documents (Italian Law Decree 138/2011). This is factual information for informational purposes only: it is not financial or tax advice, nor an investment recommendation. Read the fund’s KID and prospectus before investing.