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    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Morningstar Rating™ - Overall rating out of 95 Infrastructure funds, based on risk-adjusted returns as of 10/31/24

    Reasons to Consider PAVE

    Compelling Need

    The American Society of Civil Engineers assigned a letter grade of C- to the state of U.S. infrastructure in its 2021 report card, highlighting the need for investment.1

    Multiple Long-Term Catalysts

    America is committed to improving its aging infrastructure. The Infrastructure Investment and Jobs Act, Inflation Reduction Act, and CHIPS and Science Act appropriated nearly $1tn to fund critical infrastructure projects.

    Unconstrained Approach

    As the economy evolves, so do infrastructure needs. PAVE seeks to capture this trend by investing in companies that are part of the infrastructure theme, regardless of sector or industry classification.

    1American Society of Engineers, Mar 2021

    Key Information As of 11/20/24

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $9.24 billion
    NAV $44.01

    ETF Summary

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to invest in companies that stand to benefit from a potential increase in infrastructure activity in the United States, including those involved in the production of raw materials, heavy equipment, engineering, and construction.

    ETF Objective

    The Global X U.S. Infrastructure Development ETF (PAVE) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx U.S. Infrastructure Development Index.

    Trading Details As of 11/20/24

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe
    Shares Outstanding 209,840,000
    Number of Holdings 104
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 11/20/24

    30-Day SEC Yield 0.56%
    Distribution Frequency Semi-Annually
     Distribution History

    ETF Prices As of 11/20/24

    NAV $44.01 Daily Change -$0.06 -0.14%
    Market Price $44.04 Daily Change -$0.02 -0.05%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 10/31/24)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE -0.05% 9.98% 19.68% 43.82% 49.34% 187.52% 03/06/17
    Returns (as of 11/20/24)
    		Return PAVE Return Index
    Since Inception 207.66% 220.79%
    12 Months 40.59% 41.50%
    24 Months 59.78% 61.94%
    Last 60 Trading Days 13.19% 13.32%
    Last 75 Trading Days 18.89% 18.99%
    Monthly Returns (through 11/20/24)
    		Return PAVE Return Index
    Nov 2024 6.99% 7.04%
    Oct 2024 -0.05% -0.04%
    Sep 2024 4.42% 4.46%
    Aug 2024 -1.34% -1.35%
    Jul 2024 7.91% 8.00%
    Jun 2024 -4.16% -4.16%
    May 2024 3.28% 3.37%
    Apr 2024 -5.87% -5.85%
    Mar 2024 5.53% 5.57%
    Feb 2024 9.91% 10.01%
    Jan 2024 -0.36% -0.34%
    Dec 2023 9.83% 10.07%
    Nov 2023 9.40% 9.57%
    Oct 2023 -5.17% -5.09%
    Sep 2023 -5.90% -5.84%
    Aug 2023 -0.36% -0.32%
    Jul 2023 3.08% 3.12%
    Jun 2023 15.49% 15.55%
    May 2023 -1.18% -1.14%
    Apr 2023 -2.56% -2.56%
    Mar 2023 -2.93% -2.90%
    Feb 2023 0.80% 0.89%
    Jan 2023 9.27% 9.36%
    Dec 2022 -4.67% -4.63%
    Nov 2022 7.95% 7.97%

    Total returns take into account management, administration and fees and other costs automatically deducted from the fund's assets. Before investing, you may read the prospectus in the “FEES AND EXPENSES” section for more details.

    NAV & Index Chart

    Top Holdings As of 11/20/24

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.77 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 411.16 849,259 349,181,330.44
    3.44 ETN EATON CORP PLC United States B8KQN82 360.46 884,082 318,676,197.72
    3.42 PH PARKER HANNIFIN CORP United States 2671501 690.43 458,591 316,624,984.13
    3.39 HWM HOWMET AEROSPACE INC United States BKLJ8V2 118.10 2,655,938 313,666,277.80
    3.37 PWR QUANTA SERVICES INC United States 2150204 332.34 937,333 311,513,249.22
    3.30 URI UNITED RENTALS INC United States 2134781 820.55 372,247 305,447,275.85
    3.13 EMR EMERSON ELECTRIC CO United States 2313405 129.10 2,245,512 289,895,599.20
    3.02 SRE SEMPRA United States 2138158 93.12 2,998,890 279,256,636.80
    2.74 FAST FASTENAL CO United States 2332262 81.82 3,093,856 253,139,297.92
    2.72 MLM MARTIN MARIETTA MATERIALS United States 2572079 585.26 429,529 251,386,142.54
    2.57 VMC VULCAN MATERIALS CO United States 2931205 277.81 857,148 238,124,285.88
    2.49 NSC NORFOLK SOUTHERN CORP United States 2641894 258.93 890,062 230,463,753.66
    2.43 DE DEERE & CO United States 2261203 404.96 554,776 224,662,088.96
    2.30 CSX CSX CORP United States 2160753 34.57 6,164,425 213,104,172.25
    2.23 UNP UNION PACIFIC CORP United States 2914734 233.56 883,800 206,420,328.00
    2.14 ROK ROCKWELL AUTOMATION INC United States 2754060 280.08 707,077 198,038,126.16
    2.01 NUE NUCOR CORP United States 2651086 148.17 1,252,556 185,591,222.52
    1.86 FTV FORTIVE CORP United States BYT3MK1 75.75 2,266,746 171,706,009.50
    1.69 EME EMCOR GROUP INC United States 2474164 515.82 303,117 156,353,810.94
    1.66 HUBB HUBBELL INC United States BDFG6S3 445.58 345,528 153,960,366.24
    1.62 STLD STEEL DYNAMICS INC United States 2849472 144.04 1,042,399 150,147,151.96
    1.50 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 174.83 795,652 139,103,839.16
    1.46 CSL CARLISLE COS INC United States 2176318 431.73 313,567 135,376,280.91
    1.26 RS RELIANCE INC United States 2729068 313.53 370,478 116,155,967.34
    1.22 TRMB TRIMBLE INC United States 2903958 70.48 1,601,611 112,881,543.28
    1.21 RPM RPM INTERNATIONAL INC United States 2756174 134.44 830,373 111,635,346.12
    1.20 PNR PENTAIR PLC United States BLS09M3 104.17 1,064,753 110,915,320.01
    1.17 IEX IDEX CORP United States 2456612 223.11 486,782 108,605,932.02
    1.16 J JACOBS SOLUTIONS INC United States BNGC0D3 132.50 813,681 107,812,732.50
    1.14 WLK Westlake Corporation United States B01ZP20 127.91 826,244 105,684,870.04
    1.04 GGG GRACO INC United States 2380443 88.52 1,088,773 96,378,185.96
    1.04 ACM AECOM United States B1VZ431 109.47 877,264 96,034,090.08
    0.81 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 203.19 368,816 74,939,723.04
    0.79 RRX REGAL REXNORD CORP United States 2730082 171.20 427,111 73,121,403.20
    0.79 TPC TUTOR PERINI CORP United States 2681760 28.82 2,529,199 72,891,515.18
    0.78 BLD TOPBUILD CORP United States BZ0P3W2 351.10 204,875 71,931,612.50
    0.78 POWL POWELL INDUSTRIES INC United States 2697422 261.82 273,833 71,694,956.06
    0.77 AGX ARGAN INC United States 2804501 146.87 487,960 71,666,685.20
    0.77 MTZ MASTEC INC United States 2155306 140.82 507,393 71,451,082.26
    0.74 TTEK TETRA TECH INC United States 2883890 40.22 1,713,802 68,929,116.44
    0.73 EXP EAGLE MATERIALS INC United States 2191399 300.27 224,968 67,551,141.36
    0.72 WWD WOODWARD INC United States 2948089 171.92 387,056 66,542,667.52
    0.72 MLI MUELLER INDUSTRIES INC United States 2609717 91.00 731,200 66,539,200.00
    0.72 WCC WESCO INTERNATIONAL INC United States 2416973 201.84 329,254 66,456,627.36
    0.71 USLM US LIME & MINERA United States 2724115 139.87 468,037 65,464,335.19
    0.71 CR CRANE CO United States BNYD4F8 178.99 365,408 65,404,377.92
    0.70 WMS ADVANCED DRAINAG United States BP7RS59 128.39 501,794 64,425,331.66
    0.68 AYI ACUITY BRANDS INC United States 2818461 315.62 197,966 62,482,028.92
    0.66 RBC RBC BEARINGS INC United States B0GLYB5 324.46 187,641 60,881,998.86
    0.62 CRS CARPENTER TECHNOLOGY United States 2177504 180.70 318,622 57,574,995.40
    0.61 STRL STERLING INFRAST United States 2632876 189.43 297,639 56,381,755.77
    0.60 X UNITED STATES STEEL CORP United States 2824770 38.38 1,436,968 55,150,831.84
    0.57 PRIM PRIMORIS SERVICES CORP United States B1GC200 80.42 659,335 53,023,720.70
    0.57 AA ALCOA CORP United States BYNF418 45.74 1,149,955 52,598,941.70
    0.56 LPX LOUISIANA-PACIFIC CORP United States 2535243 111.39 464,254 51,713,253.06
    0.53 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 166.62 293,948 48,977,615.76
    0.52 ATI ATI Inc United States 2526117 58.02 821,391 47,657,105.82
    0.50 ROAD CONSTRUCTION P-A United States BDT5M66 91.31 511,059 46,664,797.29
    0.50 GVA GRANITE CONSTRUCTION INC United States 2381189 97.25 473,798 46,076,855.50
    0.49 VMI VALMONT INDUSTRIES United States 2926825 340.24 134,094 45,624,142.56
    0.49 DXPE DXP ENTERPRISES INC United States 2276627 68.11 667,684 45,475,957.24
    0.48 CMC COMMERCIAL METALS CO United States 2213260 59.72 747,363 44,632,518.36
    0.48 CENX CENTURY ALUMINUM COMPANY United States 2186254 23.08 1,906,248 43,996,203.84
    0.47 ZWS Zurn Elkay Water Solution United States BMV1ZD3 38.81 1,112,586 43,179,462.66
    0.45 CSWI CSW INDUSTRIALS INC United States BYQD1J6 412.03 101,115 41,662,413.45
    0.44 BMI BADGER METER INC United States 2069128 216.75 188,978 40,960,981.50
    0.44 NWPX NORTHWEST PIPE CO United States 2035925 54.14 751,872 40,706,350.08
    0.42 HRI HERC HOLDINGS INC United States BZBZ020 213.45 182,282 38,908,092.90
    0.41 CLF CLEVELAND-CLIFFS INC United States BYVZ186 11.66 3,242,561 37,808,261.26
    0.40 MWA MUELLER WATER-A United States B15RZR4 24.82 1,510,088 37,480,384.16
    0.40 SUM SUMMIT MATERIA-A United States BW9JPS4 48.40 769,888 37,262,579.20
    0.39 KNF KNIFE RIVER CORP United States BPLL4V5 98.30 363,888 35,770,190.40
    0.36 CASH United States 1.00 33,775,784 33,775,783.56
    0.36 DY DYCOM INDUSTRIES INC United States 2289841 176.56 188,924 33,356,421.44
    0.36 ACA ARCOSA INC United States BGPZ5W8 105.83 314,153 33,246,811.99
    0.34 DNOW DNOW INC United States BMH0MV1 14.65 2,178,833 31,919,903.45
    0.34 TRN TRINITY INDUSTRIES INC United States 2904627 37.05 840,083 31,125,075.15
    0.34 EXPO EXPONENT INC United States 2330318 95.05 326,481 31,032,019.05
    0.33 GBX GREENBRIER COMPANIES INC United States 2387530 64.34 469,112 30,182,666.08
    0.31 MRC MRC GLOBAL INC United States B7M66F1 13.75 2,071,780 28,486,975.00
    0.29 GRC GORMAN-RUPP CO United States 2379281 40.98 646,961 26,512,461.78
    0.28 MTX MINERALS TECHNOLOGIES INC United States 2595612 79.90 324,300 25,911,570.00
    0.27 MDU MDU RESOURCES GROUP INC United States 2547323 18.80 1,311,398 24,654,282.40
    0.25 HEES H&E EQUIPMENT SE United States B0WR848 55.27 422,097 23,329,301.19
    0.24 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 145.46 155,507 22,620,048.22
    0.24 TEX TEREX CORP United States 2884224 52.14 432,073 22,528,286.22
    0.24 ASTE ASTEC INDUSTRIES INC United States 2060370 35.99 614,382 22,111,608.18
    0.22 CXT CRANE NXT CO United States BQ7W2W6 56.86 365,351 20,773,857.86
    0.22 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 36.00 571,558 20,578,945.79
    0.22 MTRN MATERION CORP United States 2149622 112.37 180,480 20,280,537.60
    0.22 ATKR Atkore Inc United States BDHF495 84.15 238,148 20,040,154.20
    0.21 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 60.08 328,521 19,737,541.68
    0.20 IIIN INSTEEL INDUSTRIES INC United States 2325875 29.77 630,573 18,772,158.21
    0.20 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 68.92 268,178 18,482,827.76
    0.20 AMTM AMENTUM HOLDINGS INC United States BMZLFJ5 22.41 813,681 18,234,591.21
    0.19 CTOS CUSTOM TRUCK ONE United States BL66YS4 5.18 3,342,282 17,313,020.76
    0.17 WNC WABASH NATIONAL CORP United States 2932048 18.44 848,024 15,637,562.56
    0.17 MTUS METALLUS INC United States BNBPMX1 14.62 1,055,838 15,436,351.56
    0.17 RYI RYERSON HOLDING CORP United States B3TPPZ6 24.39 632,716 15,431,943.24
    0.16 CALX CALIX INC United States B3S4L67 30.42 484,923 14,751,357.66
    0.12 RTYZ4 Index E-MINI RUSS 2000 DEC24 United States 116,760.00 97 11,325,720.00
    0.12 TITN TITAN MACHINERY INC United States B29H3T5 14.05 795,775 11,180,638.75
    0.06 OTHER PAYABLE & RECEIVABLES United States 1.00 5,179,136 5,179,135.83
    0.00 HAYN HAYNES INTERNATIONAL INC United States B02WVH7 60.99 4,960 302,510.40
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 10/31/24

    Sector Weight (%)
    Industrials 74.2
    Materials 20.2
    Utilities 3.0
    Information Technology 1.8
    Consumer Discretionary 0.8

    Source: AltaVista Research, LLC

    ETF Characteristics As of 11/19/24

    Return on Equity 14.90%
    Weighted Avg. Market Cap 39,293 M
    2023 2024
    Price-to-earnings 23.82 23.58
    Price-to-book value 3.74 3.33

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 10/31/24

    Versus Beta
    S&P 500 1.23
    MSCI EAFE 1.13
    MSCI Emg. Mkts 0.76
    Standard Deviation 24.50%

    Source: AltaVista Research, LLC

    ETF Documents

    TERMS OF USE

    Global X Brasil Gestora de Investimentos Ltda. (“Global X Brasil”) is an asset manager authorized by the Brazilian Securities and Exchange Commission (“CVM”), constituted in the form of CVM Resolution No. 21/2021. Investing involves risks. The material on this site is for informational purposes only and does not constitute investment advice, recommendation, offer or solicitation to buy or sell any securities, funds, or strategies to any person in any jurisdiction in which an offer, solicitation, purchase, or sale would be illegal under the securities laws of such jurisdiction. Opinions expressed here are subject to change without notice. Reliance upon the information contained in this material is at the sole discretion of the reader. No securities regulator has confirmed the accuracy of any information contained herein. Access to the information on this site or the use of the services or information provided herein is prohibited by any person or entity in any jurisdiction or country where such distribution or use is contrary to local law, rules, or regulation. Investment in index funds (ETFs) involves risks, including detachment from the benchmark index and related to the liquidity of shares in the secondary market. Investment funds managed by Global X Brasil use strategies that can result in significant equity losses for their quota holders. Global X Brasil, its partners and employees are exempt of responsibility for any damages resulting directly or indirectly from the use of the information contained on this website.

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