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.
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
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 |
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.
| Trading Details |
| Distributions |
| Taxes |
| NAV | Daily Change | |||
| Market Price | Daily Change |
| Fund NAV | Market Price | Index | |
|---|---|---|---|
| Options Details |
| Net Assets (%) | Ticker | Name | SEDOL | Shares Held | Market Value |
|---|---|---|---|---|---|
| Exposure |
| ETF Characteristics |
| ETF Risk Stats |
| Return on Equity | 8.80% | |
| Weighted Avg. Market Cap | 24,367 M | |
| 2025 | 2026 | |
| Price-to-earnings | 18.83 | 15.58 |
| Price-to-book value | 1.41 | 1.33 |
| NAV | $29.46 | Daily Change | -$1.01 | -3.31% |
| Market Price | $29.76 | Daily Change | -$0.29 | -0.97% |
| VERSUS | BETA |
|---|---|
| S&P 500 | 0.61 |
| NASDAQ-100 | 0.48 |
| MSCI EAFE | 0.89 |
| MSCI Emg. Mkts | 0.75 |
| Standard Deviation | 10.30% |
| Fund NAV | Market Price | Index | |
|---|---|---|---|
| 1 Year | 29.16% | 29.80% | 30.19% |
| Since Inception | 14.74% | 15.09% | 15.58% |
| Sector | Weight (%) | |
|---|---|---|
| Industrials | 46.9 | |
| Materials | 44.5 | |
| Communication Services | 6.3 | |
| Utilities | 1.1 | |
| Energy | 0.9 | |
| Real Estate | 0.3 |
Source: AltaVista Research, LLC
All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 3.97 | 4063 JP | SHIN-ETSU CHEMICAL CO LTD | 6804585 | 40.29 | 4,645 | 187,168.60 |
| 3.52 | MT NA | ARCELORMITTAL | BYPBS67 | 49.23 | 3,372 | 166,008.54 |
| 3.48 | 6301 JP | KOMATSU LTD | 6496584 | 40.11 | 4,085 | 163,854.58 |
| 3.28 | PRY IM | PRYSMIAN SPA | B1W4V69 | 108.99 | 1,420 | 154,760.46 |
| 3.21 | CP CN | CANADIAN PACIFIC KANSAS CITY | BMBQR09 | 78.58 | 1,923 | 151,110.37 |
| 3.04 | DG FP | VINCI SA | B1XH026 | 145.24 | 986 | 143,208.68 |
| 3.02 | CLNX SM | CELLNEX TELECOM SA | BX90C05 | 31.24 | 4,553 | 142,217.36 |
| 2.99 | CNR CN | CANADIAN NATL RAILWAY CO | 2180632 | 99.19 | 1,422 | 141,044.66 |
| 2.99 | TATA IN | TATA STEEL LTD | BPQWCZ3 | 2.06 | 68,520 | 140,912.11 |
| 2.89 | 005490 KS | POSCO HOLDINGS INC | 6693233 | 225.24 | 605 | 136,272.16 |
Holdings are subject to change. "Cash" denotes U.S. dollars.
* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.
** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.