At a glance
IGF charges 0.37% a year, below the 0.38% average of the 8 funds most like it (the 3rd cheapest of 9). It has $10.78B in assets, the largest of that group; it paid 2.97% of its price in distributions over the past 12 months, semiannual. Over the past year it returned +7.8% with distributions reinvested (S&P 500: +11.5%), 3rd of those 9 funds; over three years it returned +20.1% a year. At its worst it fell 42.1% in the 2020 crash (S&P 500: 33.7%) and 20.8% in the 2022 bear market (S&P 500: 24.5%), and was back at its earlier high 19 months after the low. Its ten largest positions make up 38.5% of the fund, out of 88 in all.
The short version
iShares Global Infrastructure ETF (IGF) is a BlackRock index fund that tracks the S&P Global Infrastructure Index. The index holds large companies worldwide that own or run airports, toll roads, rail, ports, pipelines and utilities. The fund's expense ratio (its annual fee) is 0.37%, below the 0.43% average for similar funds. With about $10.8 billion in net assets as of June 30, 2026, it is the largest fund in that group.
Price history
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IGF +7.8% over the year to Oct 27, 2026, total return with distributions reinvested.
How it has behaved
| YTD | 1 yr | 3 yr | 5 yr | 10 yr | Since start | |
|---|---|---|---|---|---|---|
| IGF official prospectus, to Dec 31, 2025 | — | +21.86% | — | +10.26% | +8.68% | — |
| S&P Global Broad Market Index Net index, same period | — | +21.96% | — | +10.50% | +11.28% | — |
| IGF price data to Oct 27, 2026 | +7.3% | +7.8% | +20.1% | +9.6% | +8.1% | +4.7% |
- Over the year to Oct 27, 2026, IGF returned +7.8%, 3rd of 9 among similar funds.
- Its 5-year annualized return was +9.6% and its 10-year +8.1%.
- In the 2020 COVID crash it fell 42.1% and regained its old high 18.9 months after the low.
- Its worst full calendar year was 2008 (-39.0%); its best was 2019 (+25.8%).
- The deepest fall in its price history was 58.3% (Jan 2, 2008 to Mar 9, 2009), recovered by Mar 27, 2014.
Show as a table
| Year | Price data | Prospectus (official) |
|---|---|---|
| 2026 (to date) | +7.3% | — |
| 2025 | +21.3% | +21.86% |
| 2024 | +14.8% | +14.34% |
| 2023 | +6.2% | +6.16% |
| 2022 | -1.2% | -0.95% |
| 2021 | +11.6% | +11.21% |
| 2020 | -6.5% | -6.28% |
| 2019 | +25.8% | +26.01% |
| 2018 | -9.9% | -10.20% |
| 2017 | +19.3% | +19.25% |
| 2016 | +11.9% | +11.55% |
| 2015 | -12.1% | — |
| 2014 | +11.4% | — |
| 2013 | +13.2% | — |
| 2012 | +12.2% | — |
| 2011 | -1.2% | — |
| 2010 | +7.0% | — |
| 2009 | +18.2% | — |
| 2008 | -39.0% | — |
| 2008 financial crisis stocks fell Oct 9, 2007 – Mar 9, 2009 | Before this security existed |
|---|---|
| 2020 COVID crash stocks fell Feb 19, 2020 – Mar 23, 2020 | Lost 42.1% over that stretch · deepest drop along the way 42.1%, back to its old high 18.9 months after the low |
| 2022 bear market stocks fell Jan 3, 2022 – Oct 12, 2022 | Lost 14% over that stretch · deepest drop along the way 20.8%, back to its old high 18.8 months after the low |
Dividends and income
Show as a table
| Year | Per share | Change |
|---|---|---|
| 2026 (to date) | $0.9300 | |
| 2025 | $1.9800 | +17.9% |
| 2024 | $1.6800 | +5.7% |
| 2023 | $1.5900 | +30.3% |
| 2022 | $1.2200 | +6.1% |
| 2021 | $1.1500 | +12.7% |
| 2020 | $1.0200 | -35.0% |
| 2019 | $1.5700 | +12.9% |
| 2018 | $1.3900 | +4.0% |
| 2017 | $1.3360 | +14.6% |
| 2016 | $1.1660 | 0.0% |
| 2015 | $1.1660 | -7.8% |
| 2014 | $1.2640 | -6.0% |
| 2013 | $1.3450 | -8.2% |
| 2012 | $1.4650 | +1.3% |
| 2011 | $1.4460 | +11.6% |
| 2010 | $1.2960 | +13.4% |
| 2009 | $1.1430 | +23.2% |
| 2008 | $0.9280 |
What's inside
As of Jun 30, 2026, the fund held 88 securities; the ten largest made up 38.47% of assets, and 2.28% sat in cash and money-market holdings.
| Holding | Weight | |
|---|---|---|
| Aena, S.M.E., S.A. | 5.10% | |
| TRANSURBAN GROUP Other | 5.02% | |
| NEXTERA ENERGY, INC. | 4.79% | |
| Iberdrola, S.A. | 4.15% | |
| Enbridge Inc. | 3.97% | |
| Grupo Aeroportuario del Pacifico, S.A.B. de C.V. Other | 3.89% | |
| THE WILLIAMS COMPANIES, INC. | 3.05% | |
| AUCKLAND INTERNATIONAL AIRPORT LIMITED | 3.03% | |
| THE SOUTHERN COMPANY | 2.83% | |
| DUKE ENERGY CORPORATION | 2.64% | |
| GETLINK S.E. | 2.51% | |
| ENEL - SPA | 2.38% | |
| QUBE HOLDINGS LIMITED | 2.36% | |
| TC Energy Corporation | 2.31% | |
| Flughafen Zuerich AG | 2.22% |
By country
United States 36.37%Australia 9.42%Spain 9.25%Canada 8.08%Mexico 7.31%By asset type
Stocks 83.74%Other 15.7%What changed recently
- Over the three months to Jun 30, 2026, investors added a net $732.4M (creations minus redemptions, per the N-PORT report).
- Monthly total returns reported for that quarter: +2.42%, -2.65%, +1.22%.
How it works
IGF tracks the S&P Global Infrastructure Index, which is built by S&P Dow Jones Indices, an index provider independent of BlackRock. The index follows large infrastructure companies. These include owners and operators of oil and gas storage and pipelines, airports, highways and rail tracks, marine ports, and electric, gas and water utilities. Companies based in emerging markets such as Mexico, Brazil and China can be included only through listings on developed-market exchanges. The index provider, not BlackRock, decides which companies are in the index and how much each one weighs.
BlackRock Fund Advisors runs the fund using "representative sampling." Instead of buying every stock in the index, it may hold a sample chosen to match the index's size, industry mix, yield and trading traits. At least 80% of net assets must be in index stocks. As of June 30, 2026, the fund held 88 companies, and the 10 largest made up 38.5% of assets. The top three were Aena (5.1%), Transurban Group (5.0%) and NextEra Energy (4.8%). Annual portfolio turnover, a measure of how much the fund trades, was a low 11%.
The fund does not use leverage or options. It may use derivatives such as futures to manage exposure, but these were a tiny fraction of assets on June 30, 2026. It may also lend out securities worth up to one-third of its assets. Many holdings trade in foreign currencies, so a stronger dollar can reduce returns.
What it really costs
- IGF charges 0.37% a year, versus an average of 0.38% for the similar funds below (3rd of 9, cheapest first).
- Using the prospectus's standard example, $10,000 invested would cost about $38 in the first year and $468 over 10 years (assuming a 5% annual return).
| Cost of $10,000 (SEC example) | 1 yr | 3 yrs | 5 yrs | 10 yrs |
|---|---|---|---|---|
| IGF | $38 | $119 | $208 | $468 |
In a retirement portfolio
Its global mix of utilities, pipelines and transport assets has moved only loosely with the broad stock market, though it has still fallen hard in crashes.
IGF holds utilities, pipelines, airports and toll roads, which often move differently from the broader stock market. Its one-year beta, a measure of how much it swings with the market, was 0.33 as of October 27, 2026. But it is not crash-proof. It fell 42.1% from February to March 2020 and took about 19 months to recover. In 2022 it dropped 20.8% and did not fully recover until May 2024. Its worst calendar year was 2008, when it lost 39%. That was part of a 58.3% slide that took about five years to recover.
Anyone forced to sell shares during a stretch like that would lock in losses. The trailing yield was 2.97% as of October 27, 2026, paid twice a year. Costs are modest: $38 in the first year on $10,000 under the SEC's standard example. Past results don't predict future ones, and a plan should look at the whole portfolio, not one fund.
Who it may suit — and who should look elsewhere
May suit
- Investors who want global airports, toll roads, pipelines and utilities in one fund. US companies made up only 36% of assets as of June 30, 2026.
- Cost-conscious investors: the 0.37% expense ratio is below the 0.43% peer average and below GII's 0.40% for nearly identical holdings.
- Long-term holders who want some income as a side benefit: the trailing yield was 2.97% as of October 27, 2026, paid twice a year.
Look elsewhere if
- Retirees who want monthly or quarterly income. IGF pays only twice a year, so the cash arrives in two uneven lumps.
- Investors who cannot stomach deep drops. IGF fell 42.1% in early 2020 and 58.3% from 2008 to 2009.
- Investors who want only US infrastructure may compare iShares U.S. Infrastructure ETF (IFRA), which charges 0.30% and avoids foreign currency swings.
Close alternatives
Matched by holdings overlap from the latest N-PORT reports.
| Fund | Overlap | Cost | Net assets | 1 yr | 3 yr |
|---|---|---|---|---|---|
| IGF this fund | — | 0.37% | $10.78B | +7.8% | +20.1% |
| GII SPDR S&P Global Infrastructure ETF | 99% | 0.4% | $962.0M | +7.3% | +19.9% |
| JXI iShares Global Utilities ETF | 39% | 0.41% | $322.8M | +3.4% | +18.7% |
| BILD Macquarie Global Listed Infrastructure ETF | 38% | 0.49% | $7.4M | +7.1% | — |
| TOLZ ProShares DJ Brookfield Global Infrastructu… | 34% | 0.46% | $173.7M | +11.9% | +17.3% |
| NFRA FlexShares STOXX Global Broad Infrastructur… | 33% | 0.47% | $3.01B | +6.2% | +15.3% |
| IFRA iShares U.S. Infrastructure ETF | 32% | 0.3% | $4.62B | +8.6% | +20.8% |
| FUTY Fidelity MSCI Utilities Index ETF | 25% | 0.084% | $2.32B | -4.0% | +17.0% |
Questions investors ask
Is IGF good for retirement income?
It provides some income, but it isn't built mainly for that. The trailing 12-month yield was 2.97% as of October 27, 2026, about $1.93 per share, paid twice a year rather than monthly. Its holdings, such as NextEra Energy, Iberdrola and Enbridge, generate steady cash, but the share price can still fall sharply. It dropped 42.1% in early 2020. It may suit retirees who want income as a side benefit of global infrastructure exposure.
What's the difference between IGF and GII?
Very little in what they own: their holdings overlapped 99% in the latest N-PORT reports. IGF is cheaper at 0.37% a year, compared with 0.40% for SPDR S&P Global Infrastructure ETF (GII). It is also far larger, with about $10.8 billion in net assets versus about $962 million as of June 30, 2026. Price returns through October 27, 2026 were close: 7.8% versus 7.3% over one year, and 20.1% versus 19.9% a year over three years.
How often does IGF pay dividends?
Twice a year. Over the 12 months to October 27, 2026, IGF paid about $1.93 per share, a trailing yield of 2.97%. The amount can change because it depends on dividends from the companies the fund holds. Many of those dividends are paid in foreign currencies, so exchange rates also affect what arrives in dollars. Investors who need monthly or quarterly cash would have to plan around the uneven timing.
What are IGF's top holdings?
As of June 30, 2026, IGF held 88 infrastructure companies, and the top 10 made up 38.5% of assets. The largest were Aena (5.1%), Transurban Group (5.0%), NextEra Energy (4.8%), Iberdrola (4.1%), Enbridge (4.0%) and Grupo Aeroportuario del Pacifico (3.9%). US companies made up 36.4% of assets. Australia (9.4%), Spain (9.3%), Canada (8.1%), Mexico (7.3%) and France (6.2%) followed.
How has IGF performed over the last 10 years?
It has gained, but it trailed the broad global stock market. Its prospectus reports an average return of 8.68% a year over the 10 years to December 31, 2025. The S&P Global Broad Market Index returned 11.28% a year over the same period. IGF returned 10.26% a year over five years and 21.86% in 2025 alone. Results have swung widely: it gained 26.01% in 2019 but lost 10.2% in 2018. Based on share price, its 10-year return was 8.1% a year as of October 27, 2026.