Brazil
  • pt
  • en
    • Search

    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Morningstar Rating™ - Overall rating out of 89 Infrastructure funds, based on risk-adjusted returns as of 01/31/25

    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 $1T to fund critical infrastructure projects.2

    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.

    1American Society of Engineers, 2021
    2Politico, 2024

    Key Information As of 02/21/25

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $8.48 billion
    NAV $40.44

    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 02/21/25

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe
    Shares Outstanding 209,690,000
    Number of Holdings 102
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 02/21/25

    30-Day SEC Yield 0.54%
    Distribution Frequency Semi-Annually
     Distribution History

    ETF Prices As of 02/21/25

    NAV $40.44 Daily Change -$1.16 -2.79%
    Market Price $40.45 Daily Change -$1.17 -2.81%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 01/31/25)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE 4.65% 6.25% 4.65% 24.04% 46.44% 196.86% 03/06/17
    Returns (as of 02/20/25)
    		Return PAVE Return Index
    Since Inception 191.81% 204.58%
    12 Months 10.57% 11.11%
    24 Months 43.95% 45.83%
    Last 60 Trading Days -5.33% -5.18%
    Last 75 Trading Days 0.48% 0.69%
    Monthly Returns (through 02/20/25)
    		Return PAVE Return Index
    Feb 2025 -1.71% -1.67%
    Jan 2025 4.65% 4.70%
    Dec 2024 -11.26% -11.22%
    Nov 2024 11.12% 11.19%
    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 -4.38% -4.35%
    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%

    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 02/21/25

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.41 SRE SEMPRA United States 2138158 87.10 3,319,082 289,092,042.20
    3.35 DE DEERE & CO United States 2261203 489.98 578,921 283,659,711.58
    3.30 HWM HOWMET AEROSPACE INC United States BKLJ8V2 129.83 2,151,677 279,352,224.91
    3.24 CRH CRH PLC United States B01ZKD6 100.34 2,734,311 274,360,765.74
    3.21 FAST FASTENAL CO United States 2332262 74.78 3,642,477 272,384,430.06
    3.21 UNP UNION PACIFIC CORP United States 2914734 245.55 1,108,073 272,087,325.15
    3.18 PH PARKER HANNIFIN CORP United States 2671501 666.97 404,223 269,604,614.31
    3.14 NSC NORFOLK SOUTHERN CORP United States 2641894 247.76 1,073,148 265,883,148.48
    3.11 CSX CSX CORP United States 2160753 32.30 8,163,382 263,677,238.60
    3.01 EMR EMERSON ELECTRIC CO United States 2313405 121.85 2,095,481 255,334,359.85
    2.87 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 354.83 686,612 243,630,535.96
    2.70 URI UNITED RENTALS INC United States 2134781 657.29 348,478 229,051,104.62
    2.61 ETN EATON CORP PLC United States B8KQN82 297.37 743,384 221,060,100.08
    2.53 VMC VULCAN MATERIALS CO United States 2931205 252.86 848,399 214,526,171.14
    2.53 ROK ROCKWELL AUTOMATION INC United States 2754060 295.22 726,174 214,381,088.28
    2.46 PWR QUANTA SERVICES INC United States 2150204 269.36 774,805 208,701,474.80
    2.41 NUE NUCOR CORP United States 2651086 135.23 1,508,705 204,022,177.15
    2.27 MLM MARTIN MARIETTA MATERIALS United States 2572079 489.84 392,634 192,327,838.56
    2.10 FTV FORTIVE CORP United States BYT3MK1 80.03 2,229,282 178,409,438.46
    1.54 HUBB HUBBELL INC United States BDFG6S3 377.48 344,943 130,209,083.64
    1.51 STLD STEEL DYNAMICS INC United States 2849472 130.71 978,125 127,850,718.75
    1.41 EME EMCOR GROUP INC United States 2474164 404.35 295,593 119,523,029.55
    1.33 TRMB TRIMBLE INC United States 2903958 71.47 1,579,330 112,874,715.10
    1.24 RS RELIANCE INC United States 2729068 301.06 347,639 104,660,197.34
    1.21 J JACOBS SOLUTIONS INC United States BNGC0D3 129.06 796,834 102,839,396.04
    1.20 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 137.35 739,501 101,570,462.35
    1.18 RPM RPM INTERNATIONAL INC United States 2756174 121.19 826,164 100,122,815.16
    1.16 PNR PENTAIR PLC United States BLS09M3 92.94 1,061,559 98,661,293.46
    1.15 CSL CARLISLE COS INC United States 2176318 334.82 291,213 97,503,936.66
    1.11 IEX IDEX CORP United States 2456612 192.98 486,581 93,900,401.38
    1.10 GGG GRACO INC United States 2380443 86.05 1,084,831 93,349,707.55
    1.07 WLK Westlake Corporation United States B01ZP20 109.71 827,056 90,736,313.76
    0.98 ACM AECOM United States B1VZ431 97.52 852,149 83,101,570.48
    0.89 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 207.27 362,611 75,158,381.97
    0.85 RBC RBC BEARINGS INC United States B0GLYB5 357.11 201,727 72,038,728.97
    0.83 WWD WOODWARD INC United States 2948089 184.74 381,717 70,516,490.00
    0.76 MTZ MASTEC INC United States 2155306 126.51 509,162 64,414,084.62
    0.74 CRS CARPENTER TECHNOLOGY United States 2177504 195.19 320,323 62,523,846.37
    0.73 AYI ACUITY BRANDS INC United States 2818461 309.25 199,028 61,549,409.00
    0.72 CR CRANE CO United States BNYD4F8 165.03 367,623 60,668,823.69
    0.68 WCC WESCO INTERNATIONAL INC United States 2416973 183.18 314,848 57,673,856.64
    0.68 BLD TOPBUILD CORP United States BZ0P3W2 303.78 189,569 57,587,270.82
    0.68 RRX REGAL REXNORD CORP United States 2730082 134.65 425,593 57,306,097.45
    0.68 MLI MUELLER INDUSTRIES INC United States 2609717 78.39 730,736 57,282,395.04
    0.67 AA ALCOA CORP United States BYNF418 34.40 1,660,014 57,104,481.60
    0.67 WMS ADVANCED DRAINAG United States BP7RS59 114.40 498,130 56,986,072.00
    0.63 X UNITED STATES STEEL CORP United States 2824770 36.96 1,446,764 53,472,397.44
    0.63 ATI ATI Inc United States 2526117 58.03 916,439 53,180,955.17
    0.61 TTEK TETRA TECH INC United States 2883890 29.93 1,722,160 51,544,248.80
    0.57 EXP EAGLE MATERIALS INC United States 2191399 224.18 215,584 48,329,621.12
    0.53 VMI VALMONT INDUSTRIES United States 2926825 349.08 128,763 44,948,588.04
    0.52 LPX LOUISIANA-PACIFIC CORP United States 2535243 98.71 451,186 44,536,570.06
    0.49 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 140.30 297,909 41,796,632.70
    0.47 BMI BADGER METER INC United States 2069128 210.25 188,971 39,731,152.75
    0.45 ZWS Zurn Elkay Water Solution United States BMV1ZD3 34.88 1,090,443 38,034,651.84
    0.43 CMC COMMERCIAL METALS CO United States 2213260 49.78 730,129 36,345,821.62
    0.42 CLF CLEVELAND-CLIFFS INC United States BYVZ186 11.35 3,173,534 36,019,610.90
    0.41 DNOW DNOW INC United States BMH0MV1 17.43 1,991,781 34,716,742.83
    0.40 KNF KNIFE RIVER CORP United States BPLL4V5 92.99 363,824 33,831,993.76
    0.38 CSWI CSW INDUSTRIALS INC United States BYQD1J6 302.16 108,081 32,657,754.96
    0.38 RYI RYERSON HOLDING CORP United States B3TPPZ6 24.30 1,338,818 32,533,277.40
    0.38 DY DYCOM INDUSTRIES INC United States 2289841 171.49 187,448 32,145,457.52
    0.37 TITN TITAN MACHINERY INC United States B29H3T5 18.14 1,740,765 31,577,477.10
    0.36 HEES H&E EQUIPMENT SE United States B0WR848 98.14 309,621 30,386,204.94
    0.35 HRI HERC HOLDINGS INC United States BZBZ020 163.97 182,439 29,914,522.83
    0.35 MWA MUELLER WATER-A United States B15RZR4 25.31 1,158,853 29,330,569.43
    0.34 ACA ARCOSA INC United States BGPZ5W8 92.96 313,388 29,132,548.48
    0.34 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 64.89 447,669 29,049,241.41
    0.34 MTUS METALLUS INC United States BNBPMX1 15.64 1,855,840 29,025,337.60
    0.33 GRC GORMAN-RUPP CO United States 2379281 39.14 721,141 28,225,458.74
    0.33 PLPC PREFORMED LINE United States 2798466 134.32 209,612 28,155,083.84
    0.33 IIIN INSTEEL INDUSTRIES INC United States 2325875 29.17 948,521 27,668,357.57
    0.32 EXPO EXPONENT INC United States 2330318 84.52 326,072 27,559,605.44
    0.32 CALX CALIX INC United States B3S4L67 38.73 695,016 26,917,969.68
    0.31 NWPX NORTHWEST PIPE CO United States 2035925 47.81 551,117 26,348,903.77
    0.30 MTRN MATERION CORP United States 2149622 95.57 268,671 25,676,887.47
    0.30 MTX MINERALS TECHNOLOGIES INC United States 2595612 69.97 363,024 25,400,789.28
    0.30 MDU MDU RESOURCES GROUP INC United States 2547323 16.66 1,520,166 25,325,965.56
    0.29 GVA GRANITE CONSTRUCTION INC United States 2381189 82.20 296,091 24,338,680.20
    0.29 ROAD CONSTRUCTION P-A United States BDT5M66 73.11 332,819 24,332,397.09
    0.29 TEX TEREX CORP United States 2884224 43.18 562,056 24,269,578.08
    0.29 ASTE ASTEC INDUSTRIES INC United States 2060370 30.98 782,046 24,227,785.08
    0.28 CENX CENTURY ALUMINUM COMPANY United States 2186254 17.38 1,388,258 24,127,924.04
    0.28 CTOS CUSTOM TRUCK ONE United States BL66YS4 4.62 5,118,574 23,647,811.88
    0.28 CTRI CENTURI HOLDINGS INC United States BMDPVF7 18.63 1,267,123 23,606,501.49
    0.27 DXPE DXP ENTERPRISES INC United States 2276627 89.91 256,868 23,095,001.88
    0.27 STRL STERLING INFRAST United States 2632876 116.29 197,429 22,959,018.41
    0.27 PRIM PRIMORIS SERVICES CORP United States B1GC200 66.02 345,218 22,791,292.36
    0.27 TPC TUTOR PERINI CORP United States 2681760 22.04 1,031,043 22,724,187.72
    0.26 MRC MRC GLOBAL INC United States B7M66F1 12.18 1,823,926 22,215,418.68
    0.26 USLM US LIME & MINERA United States 2724115 95.19 231,614 22,047,336.66
    0.25 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 120.50 177,644 21,406,102.00
    0.25 GBX GREENBRIER COMPANIES INC United States 2387530 54.55 390,463 21,299,756.65
    0.25 WNC WABASH NATIONAL CORP United States 2932048 12.12 1,746,353 21,165,798.36
    0.25 TRN TRINITY INDUSTRIES INC United States 2904627 30.22 698,766 21,116,708.52
    0.25 AGX ARGAN INC United States 2804501 133.63 157,026 20,983,384.38
    0.25 ATKR Atkore Inc United States BDHF495 65.78 317,281 20,870,744.18
    0.20 POWL POWELL INDUSTRIES INC United States 2697422 177.25 94,530 16,755,442.50
    0.16 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 18.90 740,953 14,004,011.70
    0.06 RTYH5 Index E-MINI RUSS 2000 MAR25 United States 109,965.00 48 5,278,320.00
    0.05 OTHER PAYABLE & RECEIVABLES United States 1.00 4,162,672 4,162,671.77
    0.04 CASH United States 1.00 3,678,422 3,678,422.32
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 01/31/25

    Sector Weight (%)
    Industrials 71.4
    Materials 22.4
    Utilities 3.4
    Information Technology 2.1
    Consumer Discretionary 0.7

    Source: AltaVista Research, LLC

    ETF Characteristics As of 02/20/25

    Return on Equity 14.80%
    Weighted Avg. Market Cap 42,222 M
    2024 2025
    Price-to-earnings 21.45 20.02
    Price-to-book value 3.14 2.80

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 01/31/25

    Versus Beta
    S&P 500 1.27
    MSCI EAFE 1.15
    MSCI Emg. Mkts 0.75
    Standard Deviation 25.50%

    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.

    FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

    Back to Top