Global X Infrastructure Development ex-U.S. ETFIPAV

Global XThematicInfrastructure#113 of 189 by YTD

$29.82

−0.1% last session

+1.8% YTD

Data as of 11/3/20264:00 PM ET · End-of-day

Dividend-adjusted total return · Dec 31, 2025 – Nov 3, 2026IPAV

Returns	1D	1M	3M	YTD	1Y	3Y	5Y	MAX
Total return	−0.1%	−2.8%	−8.5%	+1.8%	+5.5%	—	—	+23.1%
Peer average	+0.2%	+2.4%	−1.9%	+14.2%	+14.8%	+76.8%	+76.4%	—
S&P 500 · VOO	+0.3%	−2.6%	−1.7%	+11.5%	+11.9%	+90.9%	+77.5%	—

Key Statistics

Open all fund facts →

AUM: $6M
Expense ratio: 0.55%
Distribution yield: 1.6%
NAV: $29.86
Volume: 111
Avg. volume 30D: 2K
High today: $29.82
Low today: $29.82
Previous close: $29.84
52-week high: $35.40
52-week low: $27.96
Our risk indicator: 4/5

IPAV in One Breath

IPAV Among Infrastructure ETFs

YTD

#1NBETNeuberger Berman+31.2%$55.6M

#2PIPEInvesco+29.6%$64.8M

#3ENFRALPS+28.2%$542M

#4USNGAmplify+27.4%$10.2M

#5MLPXGlobal X+27.1%$3.7B

#6USAIPacer+26.8%$128M

#7IDGTiShares+25.1%$471M

#8MLPBETRACS+22.3%$222M

#27IPAVGlobal X+1.8%$6.0M

End-of-day Nov 4, 2026 · 30 Infrastructure ETFs by YTD

$10,000 in IPAV

$10,000 in IPAV became

$12,307

In the S&P 500 (VOO)

$13,888

Total return, dividends in · Aug 28, 2024 – Nov 3, 2026 · S&P 500 uses VOO

IPAV’s Top Holdings

Today

CNR.TO3.7%CP.TO3.6%LT.NS3.4%5401.T3.2%MT.AS3.1%HOLN.SW3.1%DG.PA2.9%4063.T2.9%FER.MC2.9%HEI.DE2.8%5803.T2.8%CLNX.MC2.8%CX2.7%PRY.MI2.4%005490.KS2.4%WEGE3.SA2.3%034020.KS1.9%BSL.AX1.8%ATRL.TO1.7%FGR.PA1.7%01012NKT.C78 more

CNR.TO3.7%CP.TO3.6%LT.NS3.4%5401.T3.2%MT.AS3.1%HOLN.SW3.1%DG.PA2.9%4063.T2.9%FER.MC2.9%HEI.DE2.8%5803.CLNX.88 more

IndustrialsBasic MaterialsCommunication Services

Global X IPAV · 100 holdings · tile size = share of the fund · as of Nov 3, 2026

What IPAV Holds

Today

Industrials46.9%

CNR.TO 3.7 · CP.TO 3.6 · LT.NS 3.4 · DG.PA 2.9 · FER.MC 2.9 · 5803.T 2.8 · PRY.MI 2.4

Basic Materials45.8%

5401.T 3.2 · MT.AS 3.1 · HOLN.SW 3.1 · 4063.T 2.9 · HEI.DE 2.8 · CX 2.7 · 005490.KS 2.4

Real Estate2.8%

[…]

Communication Services4.5%

CLNX.MC 2.8 · 0788.HK · HTWS.L · INW.MI

Energy1.2%

SPM.MI 1.1

Utilities0.7%

0371.HK

Technology0.2%

[…]

Global X IPAV · share of the fund by sector · as of Nov 3, 2026

Canadian’s Share of IPAV

Today

3.7%

$37 of every $1,000 in IPAV is Canadian

Canadian held by IPAV

$222K

Most Canadian per dollar

SHPP4.0%

IPAV3.7%

NFRA3.3%

GLIX3.1%

Global X IPAV · each square = $10 of $1,000 · as of Nov 3, 2026

IPAV’s Share of Infrastructure ETFs

Today

0.0%

of the $57.8B in 39 Infrastructure ETFs

IPAV$6.0M0.0%

PAVE$14.1B24.4%

GRID$11.1B19.3%

36 others$32.6B56.3%

Infrastructure ETF AUM · Nov 4, 2026

IPAV Fee per $100 vs Peers

Today

$0.55a year
per $100

$55 a year on $10,000

IFRA$0.30

IGF$0.37

PAVE$0.47

IPAV$0.55

GRID$0.56

EMLP$0.95

Expense ratio · Infrastructure peers · Nov 4, 2026

Inside IPAV

100 holdings · as of Nov 3, 2026

IPAV

Global X Infrastructure Development ex-U.S. ETF

Today

Industrials46.9%CNR.TO3.7%CP.TO3.6%LT.NS3.4%DG.PA2.9%FER.MC2.9%5803.T2.8%PRY.MI2.4%WEGE3.SA2.3%034020.KS1.9%ATRL.TO1.7%FGR.PA1.7%NKT.C19 more holdings13.8% of the fundBasic Materials45.8%5401.T3.2%MT.AS3.1%HOLN.SW3.1%4063.T2.9%HEI.DE2.8%CX2.7%005490.KS2.4%BSL.AXIMCD.AGGBVOE.VBZU.M9 more holdings18.2% of the fundReal Estate2.8%Communication Services4.5%CLNX.MHTWS.INW.MSPM.MIOther4.1%

Industrials46.9%CNR.TOCP.TOLT.NS3.4%DG.PAFER.MC27 more holdings27.6% of the fundBasic Materials45.8%MT.ASHOLN.SHEI.DECX17 more holdings28.0% of the fundCommunication Services4.5%CLNX.MSPM.MIOther4.1%11 more

#	Ticker	Company	Weight ▼
1	CNR.TO	Canadian Natl Railway	3.71%
2	CP.TO	Canadian Pacific Kansas City	3.56%
3	LT.NS	Larsen & Toubro	3.40%
4	5401.T	Nippon Steel	3.19%
5	MT.AS	Arcelormittal	3.12%
6	HOLN.SW	Holcim	3.06%
7	DG.PA	Vinci	2.94%
8	4063.T	Shin-etsu Chemical	2.93%
9	FER.MC	Ferrovial	2.86%
10	HEI.DE	Heidelberg Materials AG	2.85%

IndustrialsBasic MaterialsReal EstateCommunication ServicesEnergyUtilitiesTechnologyConsumer CyclicalOther

Global X IPAV · current holdings by weight · as of Nov 3, 2026 · each tile is one holding · top 20 = 54.2%

How It Compares

IPAV

Global X Infrastructure Development ex-U.S. ETF’s Peers

YTD


PAVE	Global XRead Desk	0.47%	+14.9%	+14.6%	$14.1B
GRID	First TrustRead Desk	0.56%	+10.1%	+7.5%	$11.1B
IGF	iSharesRead Desk	0.37%	+8.5%	+10.9%	$10.9B
EMLP	First TrustRead Desk	0.95%	+19.2%	+21.0%	$4.3B
IFRA	iSharesRead Desk	0.30%	+12.8%	+13.4%	$4.1B
IPAV	Global XThis fundRead Desk	0.55%	+1.8%	+5.5%	$6M

Infrastructure peers · YTD and past-year returns · as of Nov 4, 2026 · sorted by AUM

Head to Head

Put IPAV head to head with PAVE →

PAVE vs IPAV

YTD

PAVEGlobal X · InfrastructureIPAVGlobal X · Infrastructure

Year to date

+14.9%

+1.8%

PAVE wins+13.1 pts

Past year

+14.6%

+5.5%

PAVE wins+9.0 pts

Fee

0.47%

0.55%

PAVE winslower fee

Yield

0.8%

1.6%

IPAV wins+0.8 pts

AUM

$14.1B

$6.0M

PAVE2360.9× more

3–1PAVE wins

Global X PAVE and Global X IPAV · year-to-date · as of Nov 4, 2026 · AUM not scored

Infrastructure vs Thematic

Average · YTD

PAVE

+14.9%

IPAV

+1.8%

Thematic average

+7.7%

PAVE, IPAV and the average thematic ETF · YTD return · as of Nov 4, 2026

IPAV vs VOO

YTD

IPAV · Global X Infrastructure Development ex-U.S.

+1.8%

VOO · S&P 500

+11.5%

Gap

9.7 pts

Global X IPAV and Vanguard VOO · YTD total return · as of Nov 4, 2026

IPAV vs Its Peer Average

YTD

IPAVAvsBPeer average

1D−0.1%+0.2%

1M−2.8%+2.4%

3M−8.5%−1.9%

YTD+1.8%+14.2%

1Y+5.5%+14.8%

3Y[…]+76.8%

5Y[…]+76.4%

0–5Peer average wins

38 Infrastructure peers · each row scaled to its leader

The Details

IPAV

Risk

4/5our risk indicator

CalmerBumpier

Volatility · 1Y19.12%

Deepest drop · 1Y−17.2%

Lowest point · 5Y−9.3%

52-week range

$29.82

$27.96−15.8% from the high$35.40

Global X IPAV · past-year price moves · as of Nov 4, 2026

IPAV

Fund Facts

Today

2024launched Aug 27

Tracks[…]

Exchange · CUSIPCBOE · 37960A446

StructureETF

Leverage1x

Cost on $10,000$55 a year

Go deeper

Prospectus & documents Trading & liquidity Fees & costs Distributions

Global X IPAV · fund facts · as of Nov 4, 2026

IPAV

Payouts by Year

$0.23per share, Jun 2026

Distribution yield1.6%

PaidTwice a year

Latest ex-date · paidJun 29 · Jul 7, 2026

4 payouts added up$0.68 a share

Global X IPAV · distributions by ex-date · 2024–2026

All Fund FactsDocuments · trading · fees · every payout

Prospectus & Documents

SEC reported portfolio · 2026-08-31 ↗SEC reported portfolio · 2026-05-31 ↗SEC reported portfolio · 2026-02-28 ↗summary prospectus · SEC 497K ↗SEC reported portfolio · 2025-11-30 ↗SEC reported portfolio · 2025-08-31 ↗SEC reported portfolio · 2025-05-31 ↗SEC reported portfolio · 2025-02-28 ↗

Trading & Liquidity

Net asset value$29.86

Premium / discount[…]

Median spread · 30D[…]

Volume today111

Average volume · 30D2K

Shares outstanding[…]

Options[…]

Fees & Costs

Net expense ratio0.55%

Gross expense ratio[…]

Management fee[…]

Cost on $10,000 a year$55.00

Our risk indicator4/5

Estimated yearly cost excludes trading costs and assumes constant assets.

Distributions

Ex-date	Paid	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	$0.0710

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