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

Assets	$5.35M
Expense Ratio	0.56%
PE Ratio	16.99
Shares Out	160,000
Dividend (ttm)	$0.38
Dividend Yield	1.12%
Ex-Dividend Date	Dec 30, 2025
Payout Frequency	Semi-Annual
Payout Ratio	19.16%

Volume	4,028
Open	33.92
Previous Close	33.99
Day's Range	33.72 - 33.92
52-Week Low	21.97
52-Week High	34.05
Beta	n/a
Holdings	104
Inception Date	Aug 27, 2024

About IPAV

Fund Home Page

The Global X Infrastructure Development ex-U.S. ETF (IPAV) is an exchange-traded fund that mostly invests in stocks based on a particular theme. The fund tracks a market cap-weighted index of companies outside the US that derive the majority of their revenue from infrastructure development. IPAV was launched on Aug 27, 2024 and is issued by Global X.

• Asset Class: Equity
• Category: Infrastructure
• Stock Exchange: BATS
• Ticker Symbol: IPAV
• ETF Provider: Global X
• Index Tracked: Global X Infrastructure Development ex-U.S. Index

Top 10 Holdings

32.70% of assets

Name	Symbol	Weight
ArcelorMittal S.A.	MT	4.19%
Komatsu Ltd.	6301	3.69%
Shin-Etsu Chemical Co., Ltd.	4063	3.27%
POSCO Holdings Inc.	005490	3.18%
Prysmian S.p.A.	PRY	3.10%
Cellnex Telecom, S.A.	CLNX	3.08%
Vinci SA	DG	3.06%
CEMEX, S.A.B. de C.V.	CX	3.05%
Canadian Pacific Ltd	n/a	3.05%
Epiroc AB (publ)	EPI.A	3.03%

Dividend History

Ex-Dividend	Amount	Pay Date
Dec 30, 2025	$0.25033	Jan 7, 2026
Jun 27, 2025	$0.12989	Jul 7, 2025
Dec 30, 2024	$0.07107	Jan 7, 2025

Performance

IPAV had a total return of 41.73% in the past year, including dividends. Since the fund's inception, the average annual return has been 24.10%.