IPAV
Reasons to Consider IPAV
Compelling Need
Aging infrastructure is a prevalent concern around the world. Global infrastructure development is essential to support growing populations, cutting-edge technologies, and to address net-zero emissions targets.
Multiple Long-Term Catalysts
With nearly 70% of the global population forecasted to reside in cities by 2050, governments will likely need to invest heavily in a wide range of infrastructure.1
Unconstrained Approach
IPAV seeks to capture infrastructure development trends by investing in companies outside of the U.S. that are part of the infrastructure theme, regardless of sector or industry classification.
1World Bank Group, Apr 2023
Key Information
As of Jul 17 2025ETF Summary
The Global X Infrastructure Development ex-U.S. ETF (IPAV) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in international markets, including emerging and developed markets but excluding the United States. This includes companies that are involved in engineering and construction services, the production of infrastructure raw materials and composites, heavy construction equipment, infrastructure transportation, and smart grid components.
ETF Objective
Trading Details
As of Jul 17 2025| Distributions |
ETF Prices
As of Jul 17 2025| NAV | $27.44 | Daily Change | $0.23 | 0.85% |
| Market Price | $27.65 | Daily Change | $0.19 | 0.69% |
Performance History
As of recent month & quarter-end (Jun 30 2025) | Fund NAV | Market Price | Index |
|---|---|---|---|
| Year-to-Date | 18.22% | 19.06% | 18.56% |
| 1 Month | 3.93% | 4.02% | 4.01% |
| 3 Months | 12.88% | 12.66% | 13.07% |
| Since Inception | 10.13% | 10.82% | 10.65% |
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 3.54 | PRY IM | PRYSMIAN SPA | B1W4V69 | 74.37 | 2,610 | 194,101.74 |
| 3.50 | 005490 KS | POSCO HOLDINGS INC | 6693233 | 220.83 | 869 | 191,904.56 |
| 3.21 | 6301 JP | KOMATSU LTD | 6496584 | 32.72 | 5,386 | 176,238.76 |
| 3.21 | HEI GR | HEIDELBERG MATERIALS AG | 5120679 | 230.30 | 764 | 175,950.17 |
| 3.04 | FER SM | FERROVIAL SE | BRS7CF0 | 52.54 | 3,178 | 166,964.68 |
| 3.02 | UTCEM IN | ULTRATECH CEMENT LTD | B01GZF6 | 145.16 | 1,143 | 165,912.93 |
| 2.94 | DG FP | VINCI SA | B1XH026 | 144.15 | 1,121 | 161,590.27 |
| 2.94 | CLNX SM | CELLNEX TELECOM SA | BX90C05 | 37.69 | 4,281 | 161,368.40 |
| 2.92 | TATA IN | TATA STEEL LTD | BPQWCZ3 | 1.86 | 86,399 | 160,492.57 |
| 2.90 | EPIA SS | EPIROC AB-A | BMD58R8 | 22.61 | 7,040 | 159,179.95 |
Exposure
As of Jun 30 2025| Sector | Weight (%) | |
|---|---|---|
| Industrials | 46.3 | |
| Materials | 46.3 | |
| Communication Services | 5.4 | |
| Utilities | 0.9 | |
| Energy | 0.8 | |
| Real Estate | 0.3 |
ETF Characteristics
As of Jul 17 2025| Return on Equity | 8.70% | |
| Weighted Avg. Market Cap | 23,138 M | |
| 2024 | 2025 | |
| Price-to-earnings | 17.50 | 14.63 |
| Price-to-book value | 1.31 | 1.24 |