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

Assets	$4.70M
Expense Ratio	0.56%
PE Ratio	14.60
Shares Out	160,000
Dividend (ttm)	$0.38
Dividend Yield	1.26%
Ex-Dividend Date	Dec 30, 2025
Payout Frequency	Semi-Annual
Payout Ratio	18.58%

Volume	2,278
Open	29.99
Previous Close	29.87
Day's Range	29.96 - 30.13
52-Week Low	21.97
52-Week High	30.13
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

30.80% of assets

Name	Symbol	Weight
ArcelorMittal S.A.	MT	3.31%
Holcim AG	HOLN	3.15%
Prysmian S.p.A.	PRY	3.14%
CEMEX, S.A.B. de C.V.	CX	3.14%
Cellnex Telecom, S.A.	CLNX	3.07%
Shin-Etsu Chemical Co., Ltd.	4063	3.03%
Heidelberg Materials AG	HEI	3.02%
Canadian Pacific Ltd	n/a	3.00%
Canadian National Railway Company	CNR	2.99%
Vinci SA	DG	2.94%

Dividends

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 32.03% in the past year, including dividends. Since the fund's inception, the average annual return has been 16.77%.