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IPAV ETF · Global X Infrastructure Development ex-U.S. ETF
The IPAV Exchange Traded Fund (ETF) is provided by Global X. It is built to track an index: Global X Infrastructure Development ex-U.S. Index. The IPAV ETF provides physical exposure, so by buying it you actually own parts of all the 95 underlying holdings. This share class generates a stream of income by distributing dividends.
Last update Yesterday at 1:30 PM UTC
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This fund is part ofInfrastructure1M perf.+1.28%
Last price
$31.79
1M perf.
-5.76%
1M flows
-€6.1K
AuM
€4.7M
TER
0.55%
Rating
Not rated
IPAV
$31.79
Performance & flows
Segment for quartile rank
April 1, 2026 → July 1, 2026
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IPAV
$31.52
+4.12%
Infrastructure
+7.16%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -5.76%  | +4.12%  | +17.64%  | N/A | N/A | -0.96% | -0.96% | +8.05% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
7/1/2026
$31.52
1D NAV change
-0.96%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
95
Inception date
8/27/2024
Jurisdiction
United States
Distribution
United States
Legal structure
Open-end Fund
Base currency
USD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Asset class
Factors
N/A
Investment strategy
The Global X Infrastructure Development ex-U.S. ETF (IPAV) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in international markets
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Risk profile
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Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | +4.12% | +17.64% | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
More exposure metrics are available, exclusively in Trackinsight Enterprise
Exposure
Countries
India
19.51%
Japan
12.45%
Republic of Korea
8.81%
Canada
7.57%
France
6.29%
Italy
5.09%
Netherlands
4.51%
Spain
4.02%
Unavailable
1.67%
Other
30.09%
Sectors
Industrials
45.26%
Non-Energy Materials
43.45%
Telecommunications
5.18%
Technology
2.89%
Unavailable
1.67%
Other
1.55%
Diversification
Total weight of top 15 holdings out of 95
Top 15 holdings
Data as of May 31, 2026
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Sustainability
Integrates ESG criteria
No
SDG
More sustainability metrics are available, exclusively in Trackinsight Enterprise
Replication
Trackinsight replication rating:
Not rated
1-year trailing difference
As of June 30, 2026
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IPAV
N/A
Replication quality
Calculated over 12m, as of June 30, 2026
Tracking error
Tracking difference
1-year cumulative return difference
Best
Worst
Daily return difference
Average
Worst
Replication information
Index
Index ticker
Index dividend policy
Replication method
Replication model
Issuer
Global X
Global X ID Card
Number of funds
516
Total AuM
€146.02B
Expense ratio range
0.02% - 2.06%
Average expense ratio
0.5711%
Top 5 funds by Global X
| AuM | ||
|---|---|---|
PAVE | Global X U.S. Infrastructure Development ETF | €12.61B |
AIQ | Global X Artificial Intelligence & Technology ETF | €8.98B |
QYLD | Global X Nasdaq 100 Covered Call ETF | €7.29B |
COPX | Global X Copper Miners ETF | €6.25B |
SHLD | Global X Defense Tech ETF | €6.16B |
Frequently asked questions about IPAV
What does Global X Infrastructure Development ex-U.S. ETF, IPAV, invest in?
IPAV is a Passive ETF. This ETF provides exposure to ex-US Equities.
Which benchmark or index does IPAV replicate?
IPAV tracks the Global X Infrastructure Development ex-U.S. Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of IPAV?
IPAV carries a total expense ratio (TER) of 0.55%, indicating the annual cost for holding the fund.
When was IPAV launched?
IPAV was introduced to the market on August 27, 2024. It trades on United States
Who is the ETF issuer of IPAV?
Global X Infrastructure Development ex-U.S. ETF, IPAV, is provided by Global X. Learn more about Global X here.
What is the current assets under management (AUM) of IPAV?
IPAV oversees €4.7M in assets as of July 1, 2026.
How has IPAV performed lately?
Based on data from July 1, 2026, IPAV returned -5.76% over the past month, 4.12% over the last three months and 8.05% year-to-date.
What are the latest inflows or outflows for IPAV?
As of July 1, 2026, IPAV recorded net flows of -€3.3K over the last month and +€288K year-to-date.
Does IPAV distribute dividends?
IPAV follows a distributing dividend policy, meaning it pays out income to investors. As of July 1, 2026, its 12-month trailing yield was 1.51%.
What are the main country or region exposures of IPAV?
As of May 31, 2026, IPAV has significant geographic allocations in India, Japan and Republic of Korea.
In which sector or theme does IPAV invest in?
As of May 31, 2026, IPAV focuses largely on Industrials, Non-Energy Materials and Telecommunications.
How many securities does IPAV hold and how diversified is it?
As of May 31, 2026, IPAV holds 95 positions in its portfolio, with 44.92% of assets concentrated in its top 15 holdings.
What are the main positions in IPAV?
As of May 31, 2026, IPAV top three holdings include Shin-Etsu Chemical Co., Ltd., Heidelberg Materials AG and Holcim Ltd..
What is the base currency of IPAV?
The base currency of IPAV is USD.
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