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Global X Infrastructure Development ex-U.S. ETF (IPAV)
Look-through valuation · Sector · ISIN US37960A4461
Price history (since 2024)
Monthly close since 2024. Price shows performance, the valuation verdict is in the look-through above.
Top holdings
| Holding | Weight | vs fair value | Quality |
|---|---|---|---|
| Canadian National Railway Co CNR | 3.7 % | n/a | n/a |
| ArcelorMittal SA MT | 3.3 % | n/a | n/a |
| Holcim Ltd LHN | 3.1 % | n/a | n/a |
| Larsen & Toubro Limited LT | 3.1 % | n/a | n/a |
| Vinci S.A. DG | 3.1 % | +57.4 % | 54 |
| Heidelberg Materials AG HEI | 3.0 % | n/a | n/a |
| Ferrovial S.A. FER | 3.0 % | n/a | n/a |
| Shin-Etsu Chemical Co. Ltd. 4063 | 3.0 % | n/a | n/a |
| Fujikura Ltd. 5803 | 3.0 % | n/a | n/a |
| Cemex SAB de CV ADR CX | 2.9 % | −7.3 % | 60 |
| Nippon Steel Corp 5401 | 2.7 % | n/a | n/a |
| Prysmian SpA PRY | 2.7 % | −25.3 % | 64 |
| Cellnex Telecom SA CLNX | 2.7 % | −18.0 % | 34 |
| Tata Steel Limited TATASTEEL | 2.6 % | −20.1 % | 57 |
| POSCO Holdings 005490 | 2.3 % | −23.3 % | 38 |
| UltraTech Cement Limited ULTRACEMCO | 2.3 % | −60.3 % | 55 |
| HINDALCO INDUSTRIES LTD. HINDALCO | 2.2 % | n/a | n/a |
| WEG S.A. WEGE3 | 2.2 % | n/a | n/a |
| Doosan Heavy Ind. & Const. 034020 | 2.2 % | n/a | n/a |
| Eiffage SA FGR | 2.0 % | +80.6 % | 56 |
| JSW Steel Limited JSWSTEEL | 1.8 % | −8.4 % | 58 |
| LS Electric 010120 | 1.7 % | −80.0 % | 56 |
| AtkinsRealis Group Inc ATRL | 1.6 % | +50.7 % | 55 |
| Bluescope Steel Ltd BSL | 1.6 % | n/a | n/a |
| NKT A/S NKT | 1.2 % | n/a | n/a |
Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 49 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.
The 10 most cheaply valued ETFs
Measured against the look-through fair value of the holdings (sufficiently covered funds only). Green means below fair value, red above. Not financial advice.
- 1 C003 Amundi Index Solutions - Amundi DivDAX I UCITS ETF EUR Distributing +22.2 % below FV
- 2 FCFY First Trust S&P 500 Diversified Free Cash Flow ETF +17.9 % below FV
- 3 ITB iShares U.S. Home Construction ETF +9.8 % below FV
- 4 SHRY First Trust Bloomberg Shareholder Yield ETF +2.2 % below FV
- 5 COWZ Pacer US Cash Cows 100 ETF -0.3 % above FV
- 6 C001 Amundi Core DAX UCITS ETF Dist -2.4 % above FV
- 7 XLC Communication Services Select Sector SPDR® Fund -4.2 % above FV
- 8 EWP iShares MSCI Spain ETF -4.8 % above FV
- 9 FTXO First Trust Nasdaq Bank ETF -6.0 % above FV
- 10 KRE SPDR® S&P Regional Banking ETF -8.9 % above FV
How the look-through works
An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X Infrastructure Development ex-U.S. ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.
As of: Jul 28, 2026
No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.