NAV | $24.85 | Daily Change | $0.10 | 0.40% |
Market Price | $24.95 | Daily Change | $0.16 | 0.65% |
Aging infrastructure is a prevalent concern in many parts of 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 2045, governments will likely need to invest heavily in a wide range of infrastructure.1 Additionally, the total price tag for overhauling global power grid infrastructure to support net-zero emissions targets is estimated to be $24T through 2050.2
As the world evolves, so do infrastructure needs. IPAV seeks to capture this trend 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
2Bloomberg, May 2024
Inception Date | 08/27/24 |
Total Expense Ratio | 0.55% |
Net Assets | $2.49 million |
NAV | $24.85 |
Fact Sheet | View the document |
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.
The Global X Infrastructure Development ex-U.S. ETF (IPAV) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Global X Infrastructure Development ex-U.S. Index.
NAV | $24.85 | Daily Change | $0.10 | 0.40% |
Market Price | $24.95 | Daily Change | $0.16 | 0.65% |
As of recent (06/30/24)
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Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.
Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
---|---|---|---|---|---|---|
3.57 | 4063 JP | SHIN-ETSU CHEMICAL CO LTD | 6804585 | 44.11 | 2,010 | 88,652.31 |
3.46 | PRY IM | PRYSMIAN SPA | B1W4V69 | 70.18 | 1,225 | 85,967.77 |
3.40 | UTCEM IN | ULTRATECH CEMENT LTD | B01GZF6 | 134.75 | 627 | 84,490.11 |
3.37 | HOLN SW | HOLCIM LTD | 7110753 | 96.32 | 870 | 83,795.63 |
3.28 | 5401 JP | NIPPON STEEL CORP | 6642569 | 22.73 | 3,580 | 81,383.19 |
3.24 | LT IN | LARSEN & TOUBRO LTD | B0166K8 | 44.17 | 1,820 | 80,390.63 |
3.18 | FER SM | FERROVIAL SE | BRS7CF0 | 41.77 | 1,890 | 78,953.97 |
3.07 | CP CN | CANADIAN PACIFIC | BMBQR09 | 83.01 | 920 | 76,364.61 |
3.07 | CLNX SM | CELLNEX TELECOM SA | BX90C05 | 38.66 | 1,970 | 76,168.45 |
3.02 | HEI GR | HEIDELBERG MATERIALS AG | 5120679 | 105.89 | 708 | 74,967.66 |
2.91 | DG FP | VINCI SA | B1XH026 | 119.71 | 603 | 72,186.19 |
2.86 | 6301 JP | KOMATSU LTD | 6496584 | 27.86 | 2,550 | 71,033.27 |
2.80 | CNR CN | CANADIAN NATL RAILWAY CO | 2180632 | 117.82 | 590 | 69,512.97 |
2.76 | TATA IN | TATA STEEL LTD | BPQWCZ3 | 1.82 | 37,620 | 68,519.68 |
2.66 | EPIA SS | EPIROC AB-A | BMD58R8 | 19.31 | 3,420 | 66,057.27 |
2.39 | MT NA | ARCELORMITTAL | BYPBS67 | 23.43 | 2,533 | 59,356.24 |
2.24 | FGR FP | EIFFAGE | B13X013 | 104.93 | 530 | 55,615.33 |
2.16 | JSTL IN | JSW STEEL LTD | BZBYJJ7 | 11.22 | 4,790 | 53,747.49 |
2.09 | CX | CEMEX SAB-SP ADR | 2488671 | 6.13 | 8,460 | 51,859.80 |
1.73 | 5411 JP | JFE HOLDINGS INC | 6543792 | 13.84 | 3,100 | 42,900.31 |
1.70 | ATRL CN | ATKINSREALIS GROUP INC | BRJNZ47 | 39.16 | 1,080 | 42,294.49 |
1.56 | 1101 TT | TCC GROUP HOLDINGS CO LTD | 6869937 | 1.03 | 37,600 | 38,728.35 |
1.54 | TS | TENARIS SA-ADR | 2167367 | 29.69 | 1,290 | 38,300.10 |
1.40 | EN FP | BOUYGUES SA | 4002121 | 35.87 | 970 | 34,798.54 |
1.37 | GF SW | FISCHER (GEORG)-REG | BM8J5G3 | 79.14 | 430 | 34,032.06 |
1.30 | 788 HK | CHINA TOWER CORP LTD-H | BFZ2PK0 | 0.12 | 262,000 | 32,244.50 |
1.11 | NKT DC | NKT A/S | 7106354 | 95.27 | 290 | 27,628.88 |
1.03 | ACEM IN | AMBUJA CEMENTS LTD | B09QQ11 | 7.36 | 3,480 | 25,602.74 |
1.03 | POLYCAB IN | POLYCAB INDIA LTD | BHKDY38 | 81.24 | 315 | 25,589.47 |
1.01 | INDUSTOW IN | INDUS TOWERS LTD | B92P9G4 | 5.47 | 4,580 | 25,037.54 |
0.99 | GGB | GERDAU SA -SPON ADR | 2297606 | 3.26 | 7,540 | 24,580.40 |
0.94 | AZJ AU | AURIZON HOLDINGS LTD | B87CVM3 | 2.29 | 10,210 | 23,414.89 |
0.93 | NEX FP | NEXANS SA | 7130836 | 129.18 | 178 | 22,993.29 |
0.91 | INW IM | INFRASTRUTTURE W | BZ0P4R4 | 11.98 | 1,880 | 22,516.22 |
0.89 | JSP IN | JINDAL STEEL & POWER LTD | 6726816 | 11.57 | 1,920 | 22,214.62 |
0.85 | AALB NA | AALBERTS NV | B1W8P14 | 38.99 | 540 | 21,052.00 |
0.85 | RVNL IN | RAIL VIKAS NIGAM LTD | BJLJGN3 | 7.24 | 2,900 | 21,001.95 |
0.82 | 1102 TT | ASIA CEMENT CORP | 6056331 | 1.41 | 14,400 | 20,301.34 |
0.80 | GAM MK | GAMUDA BHD | 6359881 | 1.74 | 11,400 | 19,780.22 |
0.72 | ANA SM | ACCIONA SA | 5579107 | 135.37 | 133 | 18,004.80 |
0.70 | 028050 KS | SAMSUNG E&A CO LTD | 6765239 | 18.98 | 920 | 17,458.55 |
0.70 | ENKAI TI | ENKA INSAAT VE SANAYI AS | B03MS64 | 1.43 | 12,060 | 17,274.84 |
0.70 | BZU IM | BUZZI SPA | 5782206 | 39.23 | 440 | 17,260.63 |
0.67 | SRCM IN | SHREE CEMENT LTD | 6100357 | 303.82 | 55 | 16,710.26 |
0.66 | KEII IN | KEI INDUSTRIES LTD | B1L9PJ6 | 54.96 | 300 | 16,488.84 |
0.66 | SSABB SS | SSAB AB - B SHARES | B17H3F6 | 4.77 | 3,450 | 16,470.52 |
0.59 | JDSL IN | JINDAL STAINLESS LTD | 6743257 | 9.46 | 1,540 | 14,568.00 |
0.58 | 6305 JP | HITACHI CONST MA | 6429405 | 24.38 | 590 | 14,384.81 |
0.56 | 1721 JP | COMSYS HOLDINGS CORP | 6687247 | 22.02 | 630 | 13,871.64 |
0.55 | VOE AV | VOESTALPINE AG | 4943402 | 24.44 | 560 | 13,686.66 |
0.54 | LAND SW | LANDIS + GYR GROUP AG | BF41XY8 | 90.05 | 150 | 13,506.98 |
0.54 | 5233 JP | TAIHEIYO CEMENT CORP | 6660204 | 22.77 | 590 | 13,432.57 |
0.52 | 914 HK | CONCH CEMENT-H | 6080396 | 2.16 | 6,000 | 12,983.95 |
0.51 | SPM IM | SAIPEM SPA | BMY36H7 | 2.25 | 5,680 | 12,763.06 |
0.50 | SAIL IN | STEEL AUTHORITY OF INDIA | 6121499 | 1.59 | 7,740 | 12,337.49 |
0.45 | 1951 JP | EXEO GROUP INC | 6499420 | 10.76 | 1,050 | 11,292.88 |
0.44 | BDX PW | BUDIMEX | 4149330 | 155.87 | 70 | 10,911.16 |
0.41 | JKCE IN | JK CEMENT LTD | B0CJ800 | 53.10 | 190 | 10,089.76 |
0.40 | ACX SM | ACERINOX SA | B01ZVZ5 | 10.54 | 940 | 9,905.47 |
0.39 | 010120 KS | LS ELECTRIC CO LTD | 6378217 | 124.94 | 77 | 9,620.32 |
0.37 | 390 HK | CHINA RAILWAY GROUP LTD-H | B297KM7 | 0.46 | 20,000 | 9,281.58 |
0.37 | AFRY SS | AFRY AB | BN791J6 | 17.97 | 510 | 9,163.39 |
0.36 | DALBHARA IN | DALMIA BHARAT LTD | BFN2YR2 | 22.55 | 400 | 9,018.82 |
0.36 | 241560 KS | DOOSAN BOBCAT INC | BYX9GP8 | 29.79 | 300 | 8,938.13 |
0.35 | 004020 KS | HYUNDAI STEEL CO | 6461850 | 19.01 | 460 | 8,746.49 |
0.35 | IJM MK | IJM CORP BHD | 6455217 | 0.66 | 13,000 | 8,631.58 |
0.34 | BREE LN | BREEDON GROUP PLC | BM8NFJ8 | 5.52 | 1,550 | 8,555.77 |
0.34 | KPIL IN | KALPATARU PROJEC | B02N266 | 16.07 | 520 | 8,354.78 |
0.33 | SCYR SM | SACYR SA | 5504789 | 3.60 | 2,290 | 8,233.07 |
0.33 | NMDC UH | NATL MARINE DRED | 6625838 | 7.08 | 1,160 | 8,217.81 |
0.33 | NBCC IN | NBCC INDIA LTD | BDT5493 | 2.22 | 3,670 | 8,155.09 |
0.31 | NJCC IN | NCC LTD | B0FXGP0 | 3.80 | 2,010 | 7,646.13 |
0.31 | 5076 JP | INFRONEER HOLDINGS INC | BLGYFQ3 | 8.39 | 910 | 7,637.24 |
0.30 | CSNA3 BZ | SID NACIONAL | B019KX8 | 2.09 | 3,500 | 7,329.65 |
0.30 | 1414 JP | SHO-BOND HOLDINGS CO LTD | B29T1W0 | 38.52 | 190 | 7,319.19 |
0.29 | KECI IN | KEC INTERNATIONAL LTD | B0YJJ27 | 11.30 | 640 | 7,228.98 |
0.29 | 5463 JP | MARUICHI STEEL TUBE LTD | 6569505 | 23.99 | 300 | 7,196.87 |
0.29 | 552 HK | CHINA COMM SER-H | B1HVJ16 | 0.51 | 14,000 | 7,161.17 |
0.29 | MAIRE IM | MAIRE SPA | BBGTNT7 | 8.69 | 820 | 7,125.15 |
0.28 | TRCL IN | RAMCO CEMENTS LTD/THE | 6698153 | 9.91 | 690 | 6,838.61 |
0.27 | PEABB SS | PEAB AB-CLASS B | 4407760 | 7.66 | 860 | 6,583.89 |
0.26 | OUT1V FH | OUTOKUMPU OYJ | 4665148 | 3.72 | 1,760 | 6,555.53 |
0.26 | 3323 HK | CHINA NATL BDG-H | B0Y91C1 | 0.29 | 22,000 | 6,345.83 |
0.25 | 2504 TT | GOLDSUN BUILDING | 6375564 | 1.71 | 3,580 | 6,132.67 |
0.23 | IRB IN | IRB INFRASTRUCTU | BMTY040 | 0.76 | 7,590 | 5,732.91 |
0.23 | WBD IM | WEBUILD SPA | B09MRX8 | 2.76 | 2,060 | 5,691.44 |
0.22 | SMGR IJ | SEMEN INDONESIA | 6795236 | 0.26 | 21,000 | 5,448.72 |
0.20 | IRCON IN | IRCON INTERNATIONAL LTD | BM7SZX8 | 3.11 | 1,600 | 4,980.97 |
0.20 | SPEN IT | SHAPIR ENGINEERI | BTF8CZ0 | 5.84 | 840 | 4,904.53 |
0.19 | 052690 KS | KEPCO ENGINEERIN | B4LW1M1 | 50.23 | 96 | 4,822.10 |
0.18 | 001440 KS | TAIHAN ELEC WIRE | 6512479 | 9.21 | 480 | 4,419.66 |
0.18 | SWSOLAR IN | STERLING AND WIL | BK7GN01 | 8.03 | 550 | 4,414.62 |
0.17 | 2211 TT | EVERGREEN STEEL CORP | BK7KCQ2 | 3.88 | 1,110 | 4,302.59 |
0.17 | 1157 HK | ZOOMLION HEAVY-H | B544N70 | 0.52 | 8,000 | 4,174.14 |
0.13 | OYAKC TI | OYAK CIMENTO FABRIKALARI | B03MVZ4 | 2.01 | 1,630 | 3,282.15 |
0.11 | ACCE IN | ACTION CONSTRUCT | B131PK1 | 15.39 | 180 | 2,770.57 |
0.11 | RITE IN | RITES LTD | B2QRR85 | 7.74 | 350 | 2,709.99 |
0.10 | BRSAN TI | BORUSAN BIRLESIK | B03MQ15 | 11.11 | 220 | 2,444.19 |
0.07 | CASH | 1.00 | 1,630 | 1,630.26 | ||
0.04 | BRAZILIAN REAL | 0.18 | 5,900 | 1,041.84 | ||
0.02 | KOREAN WON | 0.00 | 770,426 | 576.73 | ||
0.01 | EURO | 1.11 | 197 | 217.87 | ||
0.01 | TAIWAN DOLLAR | 0.03 | 4,389 | 137.20 | ||
-0.02 | OTHER PAYABLE & RECEIVABLES | 1.00 | -583 | -582.90 | ||
-0.03 | INDIA RUPEE | 0.01 | -57,126 | -681.12 | ||
-0.03 | MALAYSIAN RINGGIT | 0.23 | -2,958 | -684.32 |
Investing involves risk, including the possible loss of principal. Narrowly focused investments typically exhibit higher volatility. Investments in infrastructure-related companies have greater exposure to the potential adverse economic, regulatory, political and other changes affecting such entities. Investment in infrastructure-related companies are subject to various risks including governmental regulations, high interest costs associated with capital construction programs, costs associated with compliance and changes in environmental regulation, economic slowdown and excess capacity, competition from other providers of services and other factors. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. IPAV is non-diversified.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.
Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Global X Infrastructure Development ex-U.S. Index is owned and was developed by Global X Management Company LLC for use by Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments.