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BLDX

GradeCNew York Stock Exchange Arca

Impax Global Infrastructure ETF

Themes · Impax · Inception 2026-02-02 · SEC filings

$24.88−0.33 (−1.32%)

As of Sep 23, 2026, 2:11 PM EDT

History starts Feb 3, 2026.History starts Feb 3, 2026.
Intraday session: down, 16 prints from 25.21 to 24.88. Range 24.50 to 25.21. Use the arrow keys to read each point.$24.60$25.00$25.2010 AM12 PM2 PM4 PM
Expense ratio
0.60%
Fund size
$115M
1Y return
—
Yield · Last 12 months
Data unavailable
Holdings
36
Volume · 30D
0M sh
NAV per share
$25.10
52W range
low $25.01high $32.25

The ETF.net BLDX Grade

C

43/ 100

Rank 21 of 34 in Infrastructure⁠

Confidence Medium

Six-pillar profile for BLDX. Scores out of 100: Cost 42, Risk 44, Mission not scored, Tradability 38, Holdings 53, Durability 43. Strongest: Holdings (53). Weakest: Tradability (38). Based on 5 of 6 pillars.
F< 25
D≥ 25
C≥ 40
B≥ 55
A≥ 70

Score 43 of 100 sits in the C band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.

  • Cost

    What you pay to own it — the expense ratio plus trading frictions, ranked within its category.
    CScore 42
    Category rank19/34 · mid-pack

  • Mission

    How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.
    Not scored
    —

  • Risk

    How violently it can move — volatility, drawdown depth, and downside capture versus its category.
    CScore 44
    Category rank21/34 · mid-pack

  • Tradability

    How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.
    DScore 38
    Category rank22/34 · mid-pack

  • Holdings

    What it actually owns — the quality, breadth, and concentration of the underlying portfolio.
    CScore 53
    Category rank16/32 · top 50%

  • Durability

    Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.
    CScore 43
    Category rank22/34 · mid-pack

Graded as of Sep 22, 2026 · Based on 5 of 6 pillars

Our read on BLDX

ETF.net Research

CAn active swing at global infrastructure in a corner of the market run by cheap index trackers. BLDX's managers hand-pick companies building out sustainable infrastructure and the shift to a more sustainable global economy.

Stated mandate

The Fund seeks capital appreciation and income through an actively managed portfolio focused on companies contributing to sustainable infrastructure and the transition to a more sustainable global economy.

Why people hold it

  1. 01Actively managed, not index-bound. A manager decides which infrastructure names make the portfolio instead of inheriting whatever the benchmark happens to hold.
  2. 02Global mandate with a transition tilt: companies contributing to sustainable infrastructure and a more sustainable economy, a narrower lens than generic toll-road-and-pipeline baskets.
  3. 03Built for two jobs at once, capital appreciation and income, with distributions paid on an annual or semiannual schedule.

Worth knowing

  1. 010.60% a year runs above the infrastructure cohort's typical fee and above index rivals like IGF (0.37%) and PAVE (0.47%). Active management is what the extra buys.
  2. 02A 2026 launch that is thinly traded and small by category standards, so spreads can run wider than on the group's household names.
  3. 03No public index rulebook to audit: what qualifies as sustainable infrastructure is the manager's call, and the fund sits in the lower half of its peer group today.

BLDX Holdings

As of Sep 20, 2026, 10:13 AM
Asset class
Stocks
Holdings
36
Top-10 weight
41%
Largest holding
UNP4.5%

Geography

  • United States46.94%
  • United Kingdom10.62%
  • Germany5.91%
  • Spain4.83%
  • Taiwan (Province of China)4.80%
  • Canada3.91%
  • Japan3.54%
  • Finland3.51%
  • Other countries (6)15.94%

Developed 76% · Emerging 24% of the foreign sleeve

The fund’s holdings, weight-ordered — page 1 of 3.
#TickerCompanyWeight %SharesMarket valueIn ETFs
001UNPUNION PACIFIC CORP4.53%18,500$5M401
002AWKAMERICAN WATER WORKS CO INC4.48%37,417$5M282
003—KEPPEL DC REIT4.42%3,069,693$5M3
004IBE.MCIBERDROLA SA4.41%216,027$5M154
005DLRDIGITAL REALTY TRUST4.19%26,244$5M309
006TTEKTETRA TECH INC3.84%122,644$4M170
007VMCVULCAN MATERIALS CO3.72%17,583$4M277
008NEENEXTERA ENERGY INC3.72%52,878$4M407
009NG.LNATIONAL GRID PLC3.70%276,129$4M121
010DTE.DEDEUTSCHE TELEKOM AG3.54%125,756$4M151
0119020.TEAST JAPAN RAILWAY CO3.23%163,380$4M104
012ELISA.HEELISA OYJ3.20%83,588$4M97
013VOD.JOVODACOM GROUP LTD2.97%360,276$3M77
014ELI.BRELIA GROUP SA/NV2.83%23,340$3M91
015WELLWELLTOWER INC2.81%13,973$3M331

Showing 1–15 of 37 holdings

BLDX Performance

Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.

BLDX$9,775
SPY tracks large US stocks. It provides market context, rather than representing this fund’s strategy, asset class or investment benchmark.$10,415
Jun 22, 2026 to Sep 22, 2026. BLDX $9,775. SPY $10,415. Use the arrow keys to read each point.$9,638$10,074$10,510Jun 2026Aug 2026Sep 2026

Jun 22, 2026 – Sep 22, 2026

Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.

Trailing total return for BLDX. Periods over one year show the average yearly return.
PeriodBLDX
Year to dateFund launched this year—
1 month−4.3%
3 months−2.2%
1 yearFund is under 1 year old—
3 yearsFund is under 3 years old—per year
5 yearsFund is under 5 years old—per year
10 yearsFund is under 10 years old—per year

As of the close, with distributions reinvested.

Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.

Annual total returns for BLDX
YearReturn barBLDX
2026 YTD+0.6%

History from Feb 3, 2026

BLDX in the news

ETF.net Research hasn’t filed on BLDX yet — coverage lands here as it’s written.

BLDX Dividends

Adds up every distribution paid per share over the last 12 months, divided by the last completed close. Distributions are counted by ex-date. Data through Sep 22, 2026.
Data unavailableLast 12 months
Payout per share
Data unavailableLast 12 months
Last payment
$0.25 per share
Paid on
Shares bought on or after this date do not qualify for this distribution.
Frequency
Irregular

Distribution data unavailable.

Distribution history

2026

One bar per payment. 1 payment in 2026 YTD. Jun 22, 2026 $0.25. Use the arrow keys to read each point.2026YTD
Ex-datePay dateAmount per share
Jun 22, 2026Jun 24, 2026$0.25

BLDX Risk

How much the fund’s monthly returns vary, scaled to a year.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: standard deviation

The sample standard deviation of monthly total returns, multiplied by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.

Return above 3-month US Treasury bills per unit of volatility.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: Sharpe ratio

Subtract each month’s Treasury-bill return from the fund’s monthly total return.

Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.

Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.

The largest fall from a peak to the low that followed.
—
Launched Feb 2026; fills in after 12 months
How it’s calculated: maximum drawdown

The largest percentage decline from an earlier peak, using total returns with reinvested distributions.

Uses up to five years through the last close, with at least 12 months required.

How strongly the fund’s returns move with its asset-class index.
0.79
vs its asset-class index
How it’s calculated: beta

The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.

BLDX Cost

Expense ratio0.60%
  • The middle half of Infrastructure funds
  • Median 0.55%

17 of the 33 Infrastructure funds charge less.

BLDX costs $60.00 a year on $10,000. The median Infrastructure fund costs $55.00.