LVHI vs NFRA: Holdings Overlap
LVHIFranklin International Low Volatility High Dividend Index ETF
Franklin Templeton · 192 holdings · $5.5B · as of 2026-03-31
NFRAFlexShares STOXX Global Broad Infrastructure Index Fund
FlexShares · 185 holdings · $3.0B · as of 2026-04-30
Holdings snapshots are 30 days apart (LVHI: 2026-03-31, NFRA: 2026-04-30). Weights and index membership change between snapshots, so the true current overlap is typically higher than shown. For funds tracking the same index, the gap can be 5–15 points.
How similar are LVHI and NFRA?
Franklin International Low Volatility High Dividend Index ETF (LVHI, by Franklin Templeton) holds 192 positions; FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA, by FlexShares) holds 185. They have 23 holdings in common, and by portfolio weight the two funds are 12.0% identical. In practical terms the pair is lightly overlapping, with most of each portfolio distinct.
- Overlap by Weight
- 12.0%Sum of the smaller weight of each shared holding
- Shared Holdings
- 23LVHI holds 192 · NFRA holds 185
- Weight in Shared Holdings
- LVHI 14%·NFRA 20%Share of each fund's weight in stocks both funds own
Based on each fund's latest official holdings. How is this calculated?
What makes each fund different
Only in LVHI
169 of 192 positions (83.0% of the fund) are not held by NFRA. Showing the top 30 by weight.
Only in NFRA
162 of 185 positions (79.6% of the fund) are not held by LVHI. Showing the top 30 by weight.
Sector Breakdown
| Sector | LVHI | NFRA |
|---|---|---|
| Industrials | 10.2% | 25.7% |
| Utilities | 9.6% | 24.9% |
| Communication Services | 5.5% | 23.2% |
| Financials | 21.6% | 0.0% |
| Energy | 16.8% | 8.5% |
| Other Sectors | 27.2% | 8.8% |
| Unclassified | 5.8% | 8.4% |
Share of each fund's portfolio weight by GICS-style sector, compiled from issuer fund data and our own classification of the holdings, not the issuers' published sector charts. “Unclassified” is weight we could not classify (6% of LVHI, 8% of NFRA).
Performance
| Fund | 1M | YTD | 1Y | 3Y (ann.) | 5Y (ann.) | 10Y (ann.) | Yield |
|---|---|---|---|---|---|---|---|
| LVHI | +4.0% | +18.9% | +33.8% | +23.2% | +16.9% | +11.5% | 4.49% |
| NFRA | +1.4% | +10.0% | +12.8% | +12.9% | +6.1% | +6.9% | 5.63% |
Total returns including dividends, from adjusted daily closes as of 2026-08-07. 3Y/5Y/10Y are annualized. Yield is trailing-12-month distributions over the last close. Past performance does not predict future results.
Project the growth of $10,000 in LVHI vs NFRA →
Shared Holdings(23)
The top 10 shared positions account for 74% of the overlap, led by ENEL, 9432 and TRP.
 ENELEnel S.p.A. EUR1 | 1.54% | 1.39% | 1.39% |
|---|---|---|---|
 9432NTT Inc. NPV | 1.37% | 1.43% | 1.37% |
 TRPTC Energy Corp COM NPV | 1.46% | 1.08% | 1.08% |
 IBEIberdrola, S.A. EUR0.75 | 1.04% | 2.23% | 1.04% |
 NG-National Grid PLC ORD GBP0.12431289 | 0.96% | 1.43% | 0.96% |
 ENGIEngie SA EUR1 | 0.73% | 0.95% | 0.73% |
 SSESse PLC GBP0.50 | 1.01% | 0.66% | 0.66% |
 EOANE.ON SE NPV | 0.60% | 0.77% | 0.60% |
 DHLDeutsche Post AG | 0.55% | 2.62% | 0.55% |
 BCEBCE Inc. COM NPV | 0.49% | 0.62% | 0.49% |
 PBAPembina Pipeline Corporation COM NPV | 1.07% | 0.42% | 0.42% |
 VIEVeolia Environnement S.A. EUR5 | 0.35% | 1.32% | 0.35% |
 SCMNSwisscom AG (Registered) | 0.33% | 0.61% | 0.33% |
 BT-ABT Group PLC ORD GBP0.05 | 0.32% | 0.53% | 0.32% |
 STOSantos Ltd. NPV | 0.36% | 0.29% | 0.29% |
 KPNKoninklijke KPN N.V. EUR0.04 | 0.29% | 0.59% | 0.29% |
 SRGSnam S.p.A. NPV | 0.26% | 0.26% | 0.26% |
 9021West Japan Railway Co. NPV | 0.20% | 0.38% | 0.20% |
 UU-United Utilities Group PLC ORD GBP0.05 | 0.19% | 0.62% | 0.19% |
 KEYKeyera Corp. COM NPV | 0.29% | 0.14% | 0.14% |
 66MTR Corp Ltd. NPV | 0.13% | 0.32% | 0.13% |
 AZJAurizon Holdings Ltd. NPV | 0.10% | 0.23% | 0.10% |
 AENAAena SME S.A. EUR10 | 0.09% | 0.94% | 0.09% |
Frequently Asked Questions
How much do LVHI and NFRA overlap?
LVHI and NFRA overlap by 12.0% of portfolio weight. They share 23 holdings (LVHI holds 192 positions and NFRA holds 185), based on each fund's latest SEC-reported holdings.
Is it redundant to own both LVHI and NFRA?
The two portfolios are 12.0% identical by weight. Owning both is not redundant. Most of each portfolio is distinct, so the funds can serve different roles.
What are the biggest shared holdings of LVHI and NFRA?
The largest positions held by both funds are ENEL, 9432, TRP, IBE and NG-. Together the top 10 shared positions account for 74% of the total overlap.
What does LVHI own that NFRA doesn't?
169 positions (83.0% of LVHI) are unique to LVHI, led by CNQ, SHEL and SU. In the other direction, 162 positions (79.6% of NFRA) are unique to NFRA.