IPAV Fees and Costs — Global X Infrastructure Development ex-U.S. ETF
Data updated: 2026-07-29
The net expense ratio is 0.55%. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $2K in broker commissions, 0.0598% of average net assets, and portfolio turnover was 45%.
IPAV Fees and Expenses
Annual operating expenses and sales charges of IPAV. Prospectus, as of April 1, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.55% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.00% |
| Gross expense ratio | 0.55% |
| Fee waiver | — |
| Net expense ratio | 0.55% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | No |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | No |
IPAV Costs Over Time
On $10,000 invested in IPAV, assuming 5% a year before costs, total costs come to $384 over 5 years, cutting the return by 0.64% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.55%) | $58 | $181 | $315 |
| Trading costs (broker commissions) | $6 | $20 | $34 |
| Lost growth on money paid in costs | $0 | $10 | $35 |
| Total costs | $64 | $210 | $384 |
| Value after costs | $10,436 | $11,366 | $12,378 |
| Impact on return, per year | 0.64% | 0.64% | 0.64% |
IPAV Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending November 30, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0598%
- Total broker commissions: $2K
- Bought from dealers (principal trades, not a cost): $2
- Portfolio turnover (prospectus): 45%
- Securities lending: none during the year
IPAV Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| CITIGROUP | $775 | 36.30% |
| UBS SECURITIES LLC | $606 | 28.40% |
| JP MORGAN | $382 | 17.90% |
| GOLDMAN SACHS & CO | $372 | 17.41% |
IPAV Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| UBS SECURITIES LLC | $2 | 100.00% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.