Global X Infrastructure Development ETF (IPAV)

Overview

The described fund is designed to invest predominantly in international equity securities, specifically targeting companies that contribute to infrastructure development. Excluding the United States, it focuses on a diverse array of markets, including both developed and emerging economies. The investment approach involves allocating at least 80% of the fund's net assets (alongside any borrowings made for investment purposes) into securities that form part of a designated index. This index comprises common stocks, American Depositary Receipts (ADRs), and Global Depositary Receipts (GDRs) reflective of the targeted equities. Despite its global reach, the fund operates as non-diversified, concentrating its investments into the specified infrastructure sector internationally.

Products and Services

• Equity Securities in International Markets

The primary offering of the fund includes investment in equity securities listed and domiciled abroad, focusing on both developed and emerging markets outside of the United States. This encompasses a wide spectrum of stocks, ADRs, and GDRs tied to companies involved in infrastructure development, offering investors a unique blend of growth potential and exposure to global infrastructure projects.

• Index-Based Investment Strategy

To achieve its objectives, the fund employs an index-based investment strategy. It invests at least 80% of its net assets in the securities that form part of a specific index designed to track the performance of companies involved in infrastructure development worldwide, excluding the U.S. The choice of index serves as a strategic guide to ensure the fund's investments are well-aligned with its goal of capitalizing on the growth of infrastructure sectors internationally.

• Non-Diversified Fund Structure

Unlike diversified funds, this fund operates with a non-diversified structure, allowing it to concentrate its investments in a relatively smaller number of securities. This focus on the infrastructure sector across international markets enables the fund to potentially achieve higher returns by targeting investments in areas expected to see significant development and expansion activity. However, it also means the fund may bear a higher level of risk compared to more diversified alternatives.