# Portfolio overlap — IPAV vs VCRCX

Comparing **Global X Infrastructure Development ex-U.S. ETF** (2026-02-28) and **NYLI CBRE Global Infrastructure Fund** (2026-01-31).

- Shared positions: 7
- Global X Infrastructure Development ex-U.S. ETF covered by NYLI CBRE Global Infrastructure Fund: 0.1292173216442379381139744453
- NYLI CBRE Global Infrastructure Fund covered by Global X Infrastructure Development ex-U.S. ETF: 0.1292173216442379381139744453

## Global X Infrastructure Development ex-U.S. ETF — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| ARCELORMITTAL | 0.040621 |  |
| KOMATSU LTD | 0.036302 |  |
| SHIN-ETSU CHEM | 0.033798 |  |
| POSCO HOLDINGS I | 0.031939 |  |
| CELLNEX TELECOM | 0.031779 | ✓ |
| PRYSMIAN SPA | 0.031606 |  |
| CANADIAN PACIFIC KANSAS CITY LTD | 0.030985 | ✓ |
| Epiroc Aktiebolag | 0.030676 |  |
| VINCI SA | 0.030148 | ✓ |
| CEMEX SAB-SP ADR | 0.029819 |  |
| TATA STEEL LTD | 0.029416 |  |
| FERROVIAL SE | 0.029378 | ✓ |
| CAN NATL RAILWAY | 0.029374 | ✓ |
| HOLCIM LTD | 0.025938 |  |
| ULTRATECH CEMENT | 0.025869 |  |
| LARSEN and TOUBRO LTD | 0.025551 |  |
| NIPPON STEEL COR | 0.025438 |  |
| EIFFAGE | 0.024989 | ✓ |
| HEIDELBERG MATERIALS AG COMMON STOCK | 0.022794 |  |
| JSW STEEL LTD /INR/ 0.00000000 | 0.021328 |  |
| ATKINSREALIS GRO | 0.018833 |  |
| BLUESCOPE STEEL | 0.014329 |  |
| LS ELECTRIC CO L | 0.013502 |  |
| JFE HOLDINGS INC | 0.012546 |  |
| NKT A/S | 0.011377 |  |
| ACCIONA SA | 0.011217 |  |
| China Tower Corporation Limited | 0.010696 |  |
| INDUS TOWERS LTD | 0.010188 |  |
| POLYCAB INDIA LT | 0.010058 |  |
| TCC | 0.009485 |  |
| VOESTALPINE AG | 0.009426 |  |
| NEXANS SA | 0.008723 |  |
| JINDAL STL N POWER INR 5DM  /INR/ INE749A01030 0.00000000 | 0.008723 |  |
| SAIPEM SPA | 0.008699 |  |
| GERDAU SA -SPON ADR DEPOSITARY RECEIPT | 0.008422 |  |
| AURIZON HOLDINGS | 0.008378 |  |
| SSAB-B | 0.008318 |  |
| BALFOUR BEATTY | 0.008045 |  |
| AMBUJA CEMENTS | 0.007273 |  |
| GAMUDA BHD | 0.007259 |  |
| BUZZI UNICEM SPA | 0.007051 |  |
| SAMSUNG ENGINEER | 0.006487 |  |
| AALBERTS NV COMMON STOCK | 0.006349 |  |
| HITACHI CONST MA | 0.006126 |  |
| CONCH CEMENT-H | 0.006003 |  |
| KEI INDUS LTD | 0.005626 |  |
| COMSYS HOLDINGS | 0.005424 |  |
| EXEO GROUP INC | 0.005208 |  |
| PENTA-OCEAN CONS | 0.005190 |  |
| CHINA NATL BDG-H | 0.005124 |  |

## NYLI CBRE Global Infrastructure Fund — top positions

| Security | Weight | Shared |
|----------|--------|--------|
| VINCI SA | 0.045814 | ✓ |
| UNION PACIFIC CORP | 0.045382 |  |
| ENTERGY CORP | 0.043876 |  |
| PUB SERV ENTERP | 0.041549 |  |
| XCEL ENERGY INC | 0.041521 |  |
| WEC ENERGY GROUP INC | 0.040930 |  |
| CHENIERE ENERGY INC | 0.040885 |  |
| CAN NATL RAILWAY | 0.039806 | ✓ |
| FERROVIAL SE | 0.038309 | ✓ |
| PPL CORPORATION | 0.034558 |  |
| AENA SME SA | 0.031861 |  |
| E.ON SE | 0.031341 |  |
| TARGA RESOURCES CORP | 0.029216 |  |
| ATMOS ENERGY CORP | 0.028949 |  |
| EQUINIX INC | 0.027749 |  |
| CMS ENERGY CORP | 0.027711 |  |
| AES CORP | 0.023957 |  |
| PG&E CORP | 0.023697 |  |
| AERO DEL PACIF-B | 0.023695 |  |
| OGE ENERGY CORP | 0.022694 |  |
| CONSTELLATION ENERGY CORP | 0.022273 |  |
| CANADIAN PACIFIC KANSAS CITY LTD | 0.018972 | ✓ |
| West Japan Railway Company | 0.017695 |  |
| SEVERN TRENT | 0.017009 |  |
| GRUPO AEROPORTUA | 0.015842 |  |
| AMERICAN TOWER CORP | 0.015841 |  |
| NYLI U.S. Government Liquidity Fund | 0.015582 |  |
| FLUGHAFEN ZU-REG | 0.015440 |  |
| SOUTHERN CO | 0.015199 |  |
| SSE PLC | 0.015075 |  |
| CELLNEX TELECOM | 0.014287 | ✓ |
| CENTERPOINT ENERGY INC | 0.013928 |  |
| KANSAI ELECTRIC POWER CO INC | 0.010552 |  |
| NATIONAL GRID PL | 0.010237 |  |
| ESSENTIAL UTILITIES INC | 0.009809 |  |
| ELIA GROUP SA/NV | 0.009166 |  |
| NEXTERA ENERGY INC | 0.009114 |  |
| KYUSHU ELEC PWR | 0.008258 |  |
| PENNON GRP PLC | 0.008002 |  |
| INFRASTRUTTURE W | 0.007700 | ✓ |
| CHESAPEAKE UTILITIES CORP | 0.006727 |  |
| AUCKLAND AIRPORT | 0.006434 |  |
| CALIF WATER SRVC | 0.006162 |  |
| ATLAS ARTERIA | 0.005139 |  |
| CONSOLIDATED EDISON INC | 0.005035 |  |
| TC ENERGY CORP | 0.005029 |  |
| EAST JAPAN RAIL | 0.004325 |  |
| Invesco Government & Agency Portfolio, Institutional Class | 0.002591 |  |
| EIFFAGE | 0.002587 | ✓ |
| TRANSURBAN GROUP | 0.002483 |  |


## Sources

- N-PORT (fund A) — accession `0002048251-26-003660` (as of 2026-02-28)
  <https://www.sec.gov/Archives/edgar/data/1432353/000204825126003660/0002048251-26-003660-index.htm>
- N-PORT (fund B) — accession `0002071691-26-006902` (as of 2026-01-31)
  <https://www.sec.gov/Archives/edgar/data/1469192/000207169126006902/0002071691-26-006902-index.htm>

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