Key stats
About Global X Infrastructure Development ex-U.S. ETF
Home page
Inception date
Aug 27, 2024
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
ISIN
US37960A4461
IPAV offers diversified exposure to the global ex-US infrastructure industry. The fund includes many players in the construction supply chain, such as producers of raw materials, construction equipment producers, industrial transportation, and engineering services. Eligible securities must meet minimum market capitalization and liquidity criteria and derive at least 50% of their revenues from one or more infrastructure business activities outside the US. The index may include large-, mid-, and small-cap companies from developed and emerging markets, excluding the US. Holdings are weighted by market capitalization, with individual security caps of 3%. For diversification purposes, the index reconstitutes and rebalances semi-annually.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Non-Energy Minerals
Industrial Services
Producer Manufacturing
Stocks100.16%
Non-Energy Minerals40.25%
Industrial Services25.64%
Producer Manufacturing19.29%
Transportation5.82%
Communications4.88%
Process Industries2.73%
Finance1.07%
Commercial Services0.33%
Bonds, Cash & Other−0.16%
Cash−0.16%
Stock breakdown by region
Asia48.17%
Europe39.44%
North America10.12%
Oceania0.78%
Middle East0.77%
Latin America0.71%
Africa0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
IPAV invests in stocks. The fund's major sectors are Non-Energy Minerals, with 40.31% stocks, and Industrial Services, with 25.68% of the basket. The assets are mostly located in the Asia region.
IPAV top holdings are Prysmian S.p.A. and Komatsu Ltd., occupying 4.42% and 3.32% of the portfolio correspondingly.
IPAV last dividends amounted to 0.13 USD. Six months before that, the issuer paid 0.07 USD in dividends, which shows a 45.28% increase.
IPAV assets under management is 4.53 M USD. It's risen 0.66% over the last month.
IPAV fund flows account for 1.52 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, IPAV pays dividends to its holders with the dividend yield of 0.71%. The last dividend (Jul 7, 2025) amounted to 0.13 USD. The dividends are paid semi-annually.
IPAV shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Aug 27, 2024, and its management style is Passive.
IPAV expense ratio is 0.56% meaning you'd have to pay 0.56% of your investment to help manage the fund.
IPAV follows the Global X Infrastructure Development ex-U.S. Index - Benchmark TR Net. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
IPAV invests in stocks.
IPAV price has risen by 1.13% over the last month, and its yearly performance shows a 14.89% increase. See more dynamics on IPAV price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 1.11% over the last month, showed a 8.04% increase in three-month performance and has increased by 22.95% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 1.11% over the last month, showed a 8.04% increase in three-month performance and has increased by 22.95% in a year.
IPAV trades at a premium (0.58%) meaning the ETF is trading at a higher price than the calculated NAV.