{
 "ticker": "BLDX",
 "name": "Impax Global Sustainable Infrastructure ETF",
 "issuer": "IMPAX FUNDS",
 "desk": "themes",
 "url": "https://etfiq.com/funds/BLDX",
 "html": "https://etfiq.com/funds/BLDX",
 "markdown": "https://etfiq.com/funds/BLDX.md",
 "as_of": "2026-09-11",
 "verdict": "BLDX holds 38 stocks, and 64% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "36.0%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BLDX, already in the S&P 500: 36.0%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "96.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BLDX, active share vs the S&P 500: 96.6%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "39.6%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BLDX, top ten holdings: 39.6%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_since_launch",
   "label": "Total return, since launch",
   "value": "+2.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "BLDX, total return, since launch: +2.2%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$118m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026",
   "as_of": "2026-09-11",
   "sentence": "BLDX, net assets: $118m (SEC filing, whole fund, as filed for Jun 30, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.60%",
   "source": "485BPOS XBRL, Apr 24, 2026",
   "as_of": "2026-09-11",
   "sentence": "BLDX, expense ratio: 0.60% (485BPOS XBRL, Apr 24, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Infrastructure",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Feb 2, 2026",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "36.0%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "96.6%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "3.3%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "97.5%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "39.6%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "38",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Jun 30, 2026",
   "source": "SEC N-PORT"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "Union Pacific Corp. 5.4%, American Water Works Co., Inc. 5.1%, Iberdrola SA 4.6%, Keppel DC REIT 4.0%, National Grid plc 4.0%, NextEra Energy, Inc. 3.6%, Digital Realty Trust, Inc. 3.3%, Deutsche Telekom AG 3.3%, Elia Group SA/NV 3.2%, Veolia Environnement SA 3.2%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$118m",
   "source": "SEC filing, whole fund, as filed for Jun 30, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22127.2%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.60%",
   "source": "485BPOS XBRL, Apr 24, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.62%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "INFR 16%, EVX 13%, PHO 12%, FIW 12%, EFRA 12%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22122.7%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22126.0 pts",
   "Gap to Nasdaq-100": "\u22121.9 pts"
  },
  {
   "window": "6 months",
   "Total return": "\u22121.3%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u221217.3 pts",
   "Gap to Nasdaq-100": "\u221221.9 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+2.2%",
   "S&P 500": "+10.5%",
   "Gap to S&P 500": "\u22128.3 pts",
   "Gap to Nasdaq-100": "\u221212.3 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of BLDX is in S&P 500 companies?",
   "a": "By its holdings filed for Jun 30, 2026, 36% of BLDX by weight is stocks the S&P 500 already holds. Its active share against the index is 97%, so that share is the part doing something different."
  },
  {
   "q": "What does BLDX hold?",
   "a": "38 positions as filed for Jun 30, 2026, with the top ten at 40% of the fund. The largest are Union Pacific Corp. at 5.4%, American Water Works Co., Inc. at 5.1%, Iberdrola SA at 4.6%."
  },
  {
   "q": "Has BLDX beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 BLDX returned +2.2% with distributions reinvested, against +10.5% for the S&P 500, so it finished behind the index by 8.3 points."
  },
  {
   "q": "What does BLDX cost?",
   "a": "The prospectus expense ratio is 0.60% a year. Because 97% of the fund differs from the S&P 500, the fee on that differing part works out at 0.62%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}