ETF · Global X
PAVG Global X U.S. Infrastructure Development UCITS ETF USD
ISIN IE00BLCHJ641London Stock Exchange: PAVGMirae Asset Global Investments Co., Ltd.
- Property & infrastructure
- ETF
- ISA
- SIPP
- Distributing
Latest close
LSE£36.34
on
- Ongoing charge
- 0.47% a year
- Fund size
- £21.0m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, PAVG (Global X U.S. Infrastructure Development UCITS ETF USD, ISIN IE00BLCHJ641) closed at £36.34 on the London Stock Exchange. Its ongoing charge is 0.47% a year (about £47 on £10,000). Over the five years to 30/09/2026 its price changed by +89.6% (income paid out is not included), or +50.9% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +14.5%
- +10.9% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +63.7%
- +47.7% after inflation (UK CPIH)
- 5 years to 30/09/2026
- +89.6%
- +50.9% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,896 on 30/09/2026 — about £1,509 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: TradingView (delayed data) and Fundology, from recorded daily closes. Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Global X U.S. Infrastructure Development UCITS ETF USD in pounds (price only, income paid out not included): 2022 +4.0%, 2023 +24.1%, 2024 +19.6%, 2025 +11.1%; 2026 to 30/09/2026 +9.8%. Returns of Global X U.S. Infrastructure Development UCITS ETF USD in pounds (price only, income paid out not included) over the 12 months to 30/09/2026: +14.2%; to 30/09/2025: +13.2%; to 30/09/2024: +23.2%; to 30/09/2023: +19.6%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +9.8% | +6.7% | |
| +11.1% | +7.3% | ||
| +19.6% | +15.5% | ||
| +24.1% | +19.2% | ||
| +4.0% | −4.8% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +14.2% | Not available |
| from | +13.2% | +8.8% |
| from | +23.2% | +20.0% |
| from | +19.6% | +12.4% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
19.5%over 5 years
| 1 year | 18.9% |
|---|---|
| 3 years | 19.3% |
| 5 years | 19.5% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −25.8%
- From to
- Lowest 12-month return
- −14.7%
- 12 months to
- Highest 12-month return
- +50.8%
- 12 months to
- Below its highest weekly close since November 2021
- 11.1%
- High of , latest
In words: Volatility of Global X U.S. Infrastructure Development UCITS ETF USD in pounds, annualised from weekly returns to 30/09/2026: 18.9% over 1 year, 19.3% over 3 years, 19.5% over 5 years. Largest fall in the price of Global X U.S. Infrastructure Development UCITS ETF USD since November 2021, in pounds: −25.8% from 29/11/2024 to 04/04/2025. The lowest 12-month return of Global X U.S. Infrastructure Development UCITS ETF USD in pounds (price only, income paid out not included) since November 2021 was −14.7% (12 months to 04/04/2025); the highest was +50.8% (12 months to 10/04/2026). On 30/09/2026 the price of Global X U.S. Infrastructure Development UCITS ETF USD was 11.1% below its highest weekly close since November 2021 (26/06/2026), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price only — income paid out is not included
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.47%
- a year
- On £10,000
- £47
- a year, roughly
- Over five years
- £233
- of £10,000, before growth
- 26 charge less
- 3 the same
- 22 charge more
Ongoing charge of Global X U.S. Infrastructure Development UCITS ETF USD 0.47% a year, as of 01/10/2026: 22 of the 51 other property and infrastructure funds charge more, 3 the same and 26 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Global X U.S. Infrastructure Development UCITS ETF USD is an exchange-traded fund (ETF) from Global X, launched in 2021.
It tracks the Indxx U.S. Infrastructure Development V2 Index - Benchmark TR Gross.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.47% a year — about £47 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is paid out to holders as cash, usually a few times a year.
Property & infrastructure: Property companies (REITs) and infrastructure such as energy networks, roads and data centres.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- PAVG
- ISIN
- IE00BLCHJ641
- Provider
- Global X
- Tracks
- Indxx U.S. Infrastructure Development V2 Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Distributing, paid semi-annual
- Income is paid out to holders as cash, usually a few times a year.
- Ongoing charge
- 0.47% a year · about £47 on £10,000
- Fund size
- £21.0m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- Pounds (GBP)
- Category
- Property & infrastructure
Price chart
Since 31/07/2026, the closing price went from £38.15 on 31/07/2026 to £36.34 on 30/09/2026 (−4.7%). The lowest close shown was £36.34 on 30/09/2026 and the highest £39.80 on 07/08/2026.
Chart: closing prices we have recorded since 31/07/2026. Price only — income paid out is not included, so the line can end below the total return above.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
8 weekly closes, from 31/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
Funds tracking the same index
2 funds track Indxx U.S. Infrastructure Development V2 Index - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.47% to 0.47% a year (30/09/2026).
| Fund | 1 year |
|---|---|
| Global X U.S. Infrastructure Development UCITS ETF AccumUSDAccumulating · 0.47% a year | +14.1% |
| Global X U.S. Infrastructure Development UCITS ETF USDThis fundDistributing · 0.47% a year | +14.5% |
Source: TradingView reported returns and fund ongoing charges, as of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 203 rolling 12-month returns since November 2021, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 30/09/2026 (148 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of PAVG?
The ongoing charge of PAVG is 0.47% a year — about £47 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Global X U.S. Infrastructure Development UCITS ETF USD 0.47% a year, as of 01/10/2026: 22 of the 51 other property and infrastructure funds charge more, 3 the same and 26 less (share classes counted once).
What does PAVG track?
PAVG tracks the Indxx U.S. Infrastructure Development V2 Index - Benchmark TR Gross.
Is PAVG accumulating or distributing?
PAVG is distributing: income is paid out to holders as cash, usually a few times a year. It pays out semi-annual.
What is the ISIN of PAVG?
The ISIN of PAVG is IE00BLCHJ641. An ISIN identifies one exact share class of a fund; PAVG is its ticker on the London Stock Exchange.
What were PAVG’s returns in each of the last five years?
Calendar-year returns of PAVG in pounds (price only, income paid out not included): 2022 +4.0%, 2023 +24.1%, 2024 +19.6%, 2025 +11.1%; 2026 to 30/09/2026 +9.8%. Past performance is not a guide to future returns.
How has PAVG done after inflation?
Over the five years to 30/09/2026 PAVG’s price changed by +89.6% (income paid out is not included), or +50.9% after UK CPIH inflation. Past performance is not a guide to future returns.
Similar funds
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- NUCGVanEck Uranium and Nuclear Technologies UCITS ETF Accum A USD0.55% a year · £1.2bn
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- AINFiShares AI Infrastructure UCITS ETF Accum USD0.35% a year · £808m
- IWDPiShares Developed Markets Property Yield UCITS ETF0.59% a year · £629m
- HPRSHSBC FTSE EPRA/NAREIT DEVELOPED UCITS ETF0.37% a year · £526m
Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available); Fundology, from recorded closes
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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