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

Assets	$5.60M
Expense Ratio	0.55%
PE Ratio	20.45
Shares Out	170,000
Dividend (ttm)	$0.38
Dividend Yield	1.15%
Ex-Dividend Date	Dec 30, 2025
Payout Frequency	Semi-Annual
Payout Ratio	23.41%

Volume	46
Open	33.21
Previous Close	33.04
Day's Range	33.21 - 33.21
52-Week Low	26.03
52-Week High	35.40
Beta	n/a
Holdings	108
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

31.18% of assets

Name	Symbol	Weight
ArcelorMittal S.A.	MT	3.25%
Canadian Pacific Kansas City Limited	CP	3.19%
Canadian National Railway Company	CNR	3.18%
Heidelberg Materials AG	HEI	3.17%
Larsen & Toubro Limited	LT	3.16%
Vinci SA	DG	3.15%
Shin-Etsu Chemical Co., Ltd.	4063	3.09%
Holcim AG	HOLN	3.04%
Ferrovial N.V.	FER	3.03%
Prysmian S.p.A.	PRY	2.92%

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 25.40% in the past year, including dividends. Since the fund's inception, the average annual return has been 18.80%.