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

IPAV Holdings List

As of May 29, 2025

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No.	Symbol	Name	% Weight	Shares
1	ETR: HEI	Heidelberg Materials AG	4.28%	738
2	EPA: DG	Vinci SA	3.67%	866
3	BME: FER	Ferrovial SE	3.55%	2,371
4	NSE: TATASTEEL	Tata Steel Limited	3.12%	56,106
5	TYO: 6301	Komatsu Ltd.	3.08%	3,438
6	SWX: HOLN	Holcim AG	3.04%	921
7	BME: CLNX	Cellnex Telecom, S.A.	3.03%	2,745
8	n/a	Canadian Pacific Ltd	2.93%	1,238
9	STO: EPI.A	Epiroc AB (publ)	2.85%	4,358
10	NSE: ULTRACEMCO	UltraTech Cement Limited	2.77%	721
11	NSE: LT	Larsen & Toubro Limited	2.74%	2,195
12	BIT: PRY	Prysmian S.p.A.	2.72%	1,429
13	TYO: 5401	Nippon Steel Corporation	2.66%	4,549
14	AMS: MT	ArcelorMittal S.A.	2.65%	2,976
15	TSX: CNR	Canadian National Railway Company	2.58%	842
16	KRX: 005490	POSCO Holdings Inc.	2.49%	462
17	TS	Tenaris S.A.	2.45%	2,479
18	EPA: FGR	Eiffage SA	2.43%	598
19	TYO: 4063	Shin-Etsu Chemical Co., Ltd.	2.33%	2,478
20	NSE: JSWSTEEL	JSW Steel Limited	2.14%	6,225
21	CX	CEMEX, S.A.B. de C.V.	2.13%	10,366
22	TSX: ATRL	AtkinsRéalis Group Inc.	2.11%	1,111
23	EPA: EN	Bouygues SA	1.63%	1,266
24	HKG: 0788	China Tower Corporation Limited	1.35%	30,940
25	TYO: 5411	JFE Holdings, Inc.	1.29%	3,770
26	TPE: 1101	TCC Group Holdings Co., Ltd.	1.23%	43,083
27	SWX: GF	Georg Fischer AG	1.15%	503
28	NSE: INDUSTOWER	Indus Towers Limited	1.13%	8,470
29	NSE: AMBUJACEM	Ambuja Cements Limited	1.04%	5,453
30	CPH: NKT	NKT A/S	1.04%	418
31	KLSE: GAMUDA	Gamuda Berhad	0.95%	29,600
32	NSE: POLYCAB	Polycab India Limited	0.94%	459
33	NSE: JINDALSTEL	Jindal Steel & Power Limited	0.88%	2,661
34	EPA: NEX	Nexans S.A.	0.76%	228
35	BIT: INW	Infrastrutture Wireless Italiane S.p.A.	0.76%	2,262
36	BIT: BZU	Buzzi S.p.A.	0.75%	495
37	GGB	Gerdau S.A.	0.75%	9,359
38	SSABF	SSAB AB Class B	0.74%	4,212
39	BME: ANA	Acciona, S.A.	0.70%	153
40	TPE: 1102	Asia Cement Corporation	0.69%	16,840
41	NSE: SHREECEM	Shree Cement Limited	0.68%	67
42	AMS: AALB	Aalberts N.V.	0.67%	650
43	AQE.DE	Anhui Conch Cement Co Ltd Class H	0.66%	8,607
44	ASX: AZJ	Aurizon Holdings Limited	0.66%	11,898
45	TYO: 6305	Hitachi Construction Machinery Co., Ltd.	0.64%	723
46	KRX: 010120	LS ELECTRIC Co., Ltd.	0.62%	115
47	BIT: SPM	Saipem SpA	0.62%	8,571
48	NSE: RVNL	Rail Vikas Nigam Limited	0.57%	4,018
49	VIE: VOE	Voestalpine AG	0.56%	722
50	TYO: 5233	Taiheiyo Cement Corporation	0.55%	731
51	KRX: 028050	Samsung E&A Co., Ltd.	0.53%	1,137
52	NSE: KEI	KEI Industries Limited	0.48%	387
53	NSE: SAIL	Steel Authority of India Limited	0.45%	10,135
54	WSE: BDX	Budimex SA	0.44%	89
55	NSE: JKCEMENT	J.K. Cement Limited	0.44%	237
56	TYO: 1721	COMSYS Holdings Corporation	0.43%	637
57	NSE: JSL	Jindal Stainless Limited	0.43%	1,876
58	HKG: 3323	China National Building Material Company Limited	0.41%	31,200
59	BME: ACX	Acerinox, S.A.	0.41%	1,171
60	TYO: 1951	EXEO Group, Inc.	0.41%	1,086
61	BME: SCYR	Sacyr, S.A.	0.40%	3,409
62	KRX: 004020	Hyundai Steel Company	0.39%	646
63	KRX: 241560	Doosan Bobcat Inc.	0.38%	380
64	TYO: 5444	Yamato Kogyo Co., Ltd.	0.38%	221
65	HKG: 0390	China Railway Group Limited	0.36%	27,300
66	NSE: DALBHARAT	Dalmia Bharat Limited	0.35%	502
67	BIT: MAIRE	Maire S.p.A.	0.35%	948
68	LON: BREE	Breedon Group plc	0.34%	1,889
69	STO: AFRY	Afry AB	0.34%	635
70	SWX: LAND	Landis+Gyr Group AG	0.32%	174
71	ADX: NMDC	NMDC Group PJSC	0.31%	1,509
72	KLSE: IJM	IJM Corporation Berhad	0.30%	17,900
73	STO: PEAB.B	Peab AB (publ)	0.27%	1,074
74	HKG: 0552	China Communications Services Corporation Limited	0.27%	15,900
75	NSE: KPIL	Kalpataru Projects International Limited	0.27%	698
76	NSE: KEC	KEC International Limited	0.26%	877
77	TYO: 5076	INFRONEER Holdings Inc.	0.25%	1,059
78	NSE: RAMCOCEM	The Ramco Cements Limited	0.25%	778
79	BIT: WBD	Webuild S.p.A.	0.25%	2,103
80	TYO: 5463	Maruichi Steel Tube Ltd.	0.25%	351
81	NSE: IRB	IRB Infrastructure Developers Limited	0.25%	14,014
82	NSE: NCC	NCC Limited	0.24%	2,940
83	HKG: 1157	Zoomlion Heavy Industry Science and Technology Co., Ltd.	0.22%	10,200
84	TYO: 1414	SHO-BOND Holdings Co.,Ltd.	0.22%	224
85	KRX: 001440	Taihan Cable & Solution Co., Ltd.	0.21%	785
86	TX	Ternium S.A.	0.21%	259
87	TLV: SPEN	Shapir Engineering and Industry Ltd	0.21%	919
88	BVMF: CSNA3	Companhia Siderúrgica Nacional	0.20%	4,400
89	TPE: 2006	Tung Ho Steel Enterprise Corporation	0.19%	3,030
90	TPE: 2504	Goldsun Building Materials Co., Ltd.	0.17%	4,300
91	HKG: 3996	China Energy Engineering Corporation Limited	0.17%	44,200
92	KRX: 052690	KEPCO Engineering & Construction Company, Inc.	0.16%	123
93	NSE: TECHNOE	Techno Electric & Engineering Company Limited	0.16%	324
94	n/a	Cash	0.15%	5,298
95	NSE: IRCON	Ircon International Limited	0.15%	2,320
96	OYAKC.E.IS	Oyak Cimento Fabrikalari AS	0.12%	7,751
97	NSE: ACE	Action Construction Equipment Limited	0.12%	272
98	HKG: 1313	China Resources Building Materials Technology Holdings Limited	0.10%	15,600
99	HKG: 2128	China Lesso Group Holdings Limited	0.09%	6,500
100	NSE: RITES	RITES Limited	0.09%	913
101	BRSAN.E.IS	Borusan Birlesik Boru Fabrikalari Sanayi Ve Ticaret AS	0.06%	229

As of May 29, 2025

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