# Global X U.S. Infrastructure Development UCITS ETF USD (PAVG) **Source:** https://fundology.uk/fund/pavg · ISIN IE00BLCHJ641 · Data: TradingView (LSE closes and returns, delayed), issuer documents, ONS CPIH, FCA FIRDS ## At a glance > Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise. 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. ## Summary 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. Latest close: **£36.34** (30/09/2026). ## Key facts | Fact | Value | |---|---| | Ticker (LSE) | PAVG | | ISIN | IE00BLCHJ641 | | Category | Property & infrastructure | | Type | ETF | | Provider | Global X | | Tracks | Indxx U.S. Infrastructure Development V2 Index - Benchmark TR Gross | | Income | Distributing | | Ongoing charge | 0.47% a year (£47 per £10,000) | | Fund size | £21.0m | | Launched | 2021 | | Domicile | Ireland | ## Past returns (periods to 30/09/2026) After the fund's ongoing charges. "Income reinvested" is total return; "price only" leaves out income paid out. Real returns are after ONS CPIH inflation. | Window | Return | After CPIH inflation | Measured as | |---|---|---|---| | 1 year | +14.50% | +10.91% | income reinvested | | 3 years | +63.67% | +47.69% | income reinvested | | 5 years | +89.62% | +50.87% | price only | Returns: TradingView (delayed data) and Fundology, from recorded daily closes. Inflation: ONS CPIH, latest month published. ## Calendar-year 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 CPIH inflation | Measured as | |---|---|---|---| | 2022 | +4.0% | -4.8% | Price | | 2023 | +24.1% | +19.2% | Price | | 2024 | +19.6% | +15.5% | Price | | 2025 | +11.1% | +7.3% | Price | | 2026 to 30/09/2026 | +9.8% | +6.7% | Price | ## Risk metrics | Window | Volatility | Max drawdown | |---|---|---| | 1 year | 18.85% | -11.08% | | 3 years | 19.26% | -25.85% | | 5 years | 19.51% | -25.85% | ## Largest fall 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. ## Charges compared with similar funds 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). ## 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 | Ongoing charge | 1 year | 3 years | 5 years | |---|---|---|---|---| | Global X U.S. Infrastructure Development UCITS ETF AccumUSD | 0.47% | +14.1% | +63.7% | — | | Global X U.S. Infrastructure Development UCITS ETF USD (this fund) | 0.47% | +14.5% | +63.7% | — | Returns are the data vendor’s, in pounds, income reinvested unless marked "(price)". ## Charges & eligibility - Ongoing charges figure (OCF): **0.47%** per year - ISA eligible: yes - SIPP eligible: yes --- We show information. We are not financial advisers, not authorised by the FCA, and never recommend specific investments. Capital at risk. Past performance is not a guide to future returns. The value of investments can fall as well as rise.