Global X Infrastructure Development ex-U.S. ETF
$31.47−0.45 (−1.40%)
- Expense ratio
- 0.55%
- Fund size
- $5M
- 1Y return
- +13.1%
- Yield · Last 12 months
- 1.50%
- Holdings
- 100
- Volume · 30D
- 0M sh
- NAV per share
- $31.53
- 52W range
The ETF.net IPAV Grade
Score 44 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.BScore 55Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 40Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.FScore 20Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.BScore 64Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.DScore 29Category rank
Our read on IPAV
CMost of the world's building happens outside the United States. IPAV takes the infrastructure-development idea (contractors, materials, equipment, any sector) and points it entirely overseas, across developed and emerging markets.
IPAV seeks to track, before fees and expenses, the price and yield performance of the Global X Infrastructure Development ex-U.S. Index.
Why people hold it
- Buys the build-out chain, not the finished toll road: about 100 non-U.S. companies tied to infrastructure activity, selected regardless of sector or industry label.globalxetfs.com
- The overseas half of a pair. Global X runs the same development-focused approach for U.S. builders in PAVE, so this one covers developed and emerging markets outside the States.globalxetfs.com
- Rules-based, not a stock-picker's hunch: it tracks the Global X Infrastructure Development ex-U.S. Index before fees and expenses.
Worth knowing
- 0.55% is mid-pack for thematic infrastructure, but above broad global options such as IGF at 0.37% and its U.S. sibling PAVE at 0.47%.
- Launched in 2024 and still a small, lightly traded fund, so spreads tend to run wider than at the category's giants and the track record is short.
- Builders and materials names skew cyclical rather than utility-like, and cash comes back once or twice a year, not monthly.globalxetfs.com
IPAV Holdings
- Stocks
- 100
- 31%
- MT.AS
Sectors
- Industrials46.4%
- Materials46.1%
- Real Estate3.1%
- Communication2.3%
- Energy1.2%
- Utilities0.6%
- Technology0.1%
- Consumer Discr.0.1%
Geography
- India19.31%
- Japan13.88%
- South Korea8.43%
- Canada8.33%
- France5.99%
- Italy4.77%
- Netherlands4.33%
- Luxembourg4.07%
- 30.88%
Developed 59% · Emerging 41%
IPAV Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
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.
| Period | IPAV |
|---|---|
| Year to date | +8.5% |
| 1 month | −0.7% |
| 3 months | −5.4% |
| 1 year | +13.1% |
| 3 years | — |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | IPAV |
|---|---|---|
| 2026 YTD | +8.5% | |
| 2025 | +29.0% | |
| 2024 | −6.3% |
IPAV in the news
ETF.net Research hasn’t filed on IPAV yet — coverage lands here as it’s written.
IPAV Dividends
- 1.50%
- $0.48
- $0.23 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jul 7, 2026 | $0.23 |
| Dec 30, 2025 | Jan 7, 2026 | $0.25 |
| Jun 27, 2025 | Jul 7, 2025 | $0.13 |
| Dec 30, 2024 | Jan 7, 2025 | $0.07 |
IPAV Risk
- 16.6%
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.
- 0.67
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.
- −14.6%
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.
- 0.77
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
IPAV Cost
- The middle half of Infrastructure funds
- Median 0.55%
14 of the 33 Infrastructure funds charge less.