Global X FundsInfrastructureIPAV · Cboe BZX

Global X Infrastructure Development ex-U.S. ETF (IPAV)

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Price: $30.07; —12 Nov 2026
Assets: $5.9M; Total net assets
Expense ratio: 0.55%; Category 1.03%
Yield: 1.63%; Trailing distributions

1Y return: 5.7%-2.7%; Category 8.3%
3Y CAGR: —; Category 16.6%
5Y CAGR: —; Category 9.0%

$30.07—12 Nov 2026

Fund

Assets: $5.9M
Expense: 0.55%
Categ. exp: 1.03%
Yield: 1.63%

ReturnFundCateg.

1Y5.7%8.3%

3Y—16.6%

5Y—9.0%

Launch10.3%—

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Global X Infrastructure Development ex-U.S. ETF

Calendar-year returns

Fund only: no comparison series covers this fund's history.

Risk statistics

Five years of daily closes. Risk-free rate 4% a year.

Standard deviation: —
Maximum drawdown: —
Sharpe ratio: —
Sortino ratio: —
Beta: —
Alpha: —
R²: —
Information ratio: —
Upside capture: —
Downside capture: —
Tracking error: —

Trailing returns compared with benchmark
Period	1M	3M	6M	YTD	1Y	3YCAGR	5YCAGR	10YCAGR	LaunchCAGR
ETF	-0.1%	-7.7%	-12.6%	+2.7%	+5.7%	—	—	—	+10.3%
Infrastructure average	1.3%	-3.4%	-4.5%	10.1%	8.3%	16.6%	9.0%	9.7%	7.2%
Difference	-1.5%	-4.3%	-8.1%	-7.5%	-2.7%	—	—	—	+3.0%

Holdings

The 9 largest positions make up 27.8% of the fund.

Top holdings

Largest holdings by weight
Ticker	Holding	Weight
5803.T	Fujikura Ltd	3.58%
CNR.TO	Canadian National Railway Co	3.44%
MT.AS	ArcelorMittal SA New Reg.Shs ex-Arcelor	3.37%
LT.NS	Larsen & Toubro Ltd	3.15%
5401.T	Nippon Steel Corp	3.08%
DG.PA	Vinci SA	2.83%
4063.T	Shin-Etsu Chemical Co Ltd	2.82%
HOLN.SW	Holcim Ltd	2.80%
034020.KQ	Doosan Enerbility Co Ltd	2.70%

Portfolio valuation

Weighted averages of what the fund holds.

P/E: 21.4
P/B: 1.6
P/S: 1.0
P/CF: 9.0

Sector allocation

Share of the equity the fund holds.

Industrials46.9%
Materials45.8%
Real estate2.8%
Communication services2.4%
Energy1.2%
Utilities0.7%
Technology0.2%
Consumer discretionary0.1%

Asset mix

Stocks99.9%
Cash0.1%

ETF details

Issuer: Global X Funds
Category: Equity · Infrastructure
Ticker: IPAV
Exchange: Cboe BZX
Inception: 27 Aug 2024 (2.2 years)
Structure: Exchange Traded Fund
Expense ratio: 0.55% (category 1.03%)
Holdings turnover: 45% (category 45%)
Distribution yield: 1.63%
Beta, 3 years: 0.00
Total net assets: $5.9M

Prices and returns as of 12 Nov 2026; total return with distributions reinvested, before brokerage and taxes. Not investment advice.

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