Brazil
  • pt
  • en
    • Search

    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    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 2025 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.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, Mar 20252Politico, 2024

    Key Information As of 10/24/25

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $9.88 billion
    NAV $48.34

    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 10/24/25

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe
    Shares Outstanding 204,460,000
    Number of Holdings 102
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 10/24/25

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

    ETF Prices As of 10/24/25

    NAV $48.34 Daily Change $0.42 0.88%
    Market Price $48.33 Daily Change $0.40 0.83%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 09/30/25)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE 2.45% 26.70% 18.08% 16.44% 58.46% 234.95% 03/06/17
    Returns (as of 10/23/25)
    		Return PAVE Return Index
    Since Inception 236.99% 252.92%
    12 Months 17.20% 17.77%
    24 Months 68.12% 70.23%
    Last 60 Trading Days 4.03% 4.16%
    Last 75 Trading Days 6.90% 7.10%
    Monthly Returns (through 10/23/25)
    		Return PAVE Return Index
    Oct 2025 0.60% 0.64%
    Sep 2025 2.48% 2.54%
    Aug 2025 1.77% 1.81%
    Jul 2025 4.84% 4.88%
    Jun 2025 5.25% 5.27%
    May 2025 8.11% 8.16%
    Apr 2025 1.84% 1.85%
    Mar 2025 -6.20% -6.17%
    Feb 2025 -5.01% -4.97%
    Jan 2025 4.64% 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%

    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 10/24/25

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    0.31 USLM US LIME & MINERA United States 2724115 134.35 228,797 30,738,876.95
    0.31 GVA GRANITE CONSTRUCTION INC United States 2381189 104.56 292,519 30,585,786.64
    0.30 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 68.16 442,803 30,181,452.48
    0.30 DNOW DNOW INC United States BMH0MV1 15.28 1,968,741 30,082,362.48
    0.30 MDU MDU RESOURCES GROUP INC United States 2547323 19.98 1,502,071 30,011,378.58
    0.30 NWPX NWPX INFRASTRUCTURE INC United States 2035925 54.97 544,599 29,936,607.03
    0.30 MWA MUELLER WATER-A United States B15RZR4 25.92 1,145,696 29,696,440.32
    0.29 ACA ARCOSA INC United States BGPZ5W8 93.86 309,764 29,074,449.04
    0.29 HRI HERC HOLDINGS INC United States BZBZ020 131.91 219,782 28,991,443.62
    0.29 IIIN INSTEEL INDUSTRIES INC United States 2325875 30.81 937,567 28,886,439.27
    0.28 TITN TITAN MACHINERY INC United States B29H3T5 15.94 1,720,514 27,424,993.16
    0.27 CTRI CENTURI HOLDINGS INC United States BMDPVF7 21.26 1,252,112 26,619,901.12
    0.26 CSW CSW INDUSTRIALS INC United States BYQD1J6 244.92 106,659 26,122,922.28
    1.10 FTV FORTIVE CORP United States BYT3MK1 49.47 2,201,272 108,896,925.84
    1.08 MTZ MASTEC INC United States 2155306 211.88 503,062 106,588,776.56
    1.01 WWD WOODWARD INC United States 2948089 265.82 376,633 100,116,584.06
    1.00 CRS CARPENTER TECHNOLOGY United States 2177504 314.21 315,972 99,281,562.12
    0.99 CSL CARLISLE COS INC United States 2176318 339.01 287,554 97,483,681.54
    0.96 RS RELIANCE INC United States 2729068 277.13 343,519 95,199,420.47
    0.92 RPM RPM INTERNATIONAL INC United States 2756174 111.50 815,877 90,970,285.50
    0.92 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 124.06 730,461 90,620,991.66
    0.89 GGG GRACO INC United States 2380443 82.40 1,071,116 88,259,958.40
    0.88 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 241.81 358,405 86,665,913.05
    0.86 BLD TOPBUILD CORP United States BZ0P3W2 451.98 187,144 84,585,345.12
    0.83 RBC RBC BEARINGS INC United States B0GLYB5 412.19 199,490 82,227,783.10
    0.82 ATI ATI INC United States 2526117 89.25 905,010 80,772,142.50
    0.55 DY DYCOM INDUSTRIES INC United States 2289841 291.96 185,188 54,067,488.48
    0.54 VMI VALMONT INDUSTRIES United States 2926825 418.00 127,058 53,110,244.00
    0.50 ZWS ZURN ELKAY WATER SOLUTION United States BMV1ZD3 46.36 1,077,798 49,966,715.28
    0.50 EXP EAGLE MATERIALS INC United States 2191399 233.14 212,685 49,585,380.90
    0.50 PLPC PREFORMED LINE United States 2798466 237.88 207,103 49,265,661.64
    0.49 PRIM PRIMORIS SERVICES CORP United States B1GC200 142.37 341,457 48,613,233.09
    0.47 AGX ARGAN INC United States 2804501 296.55 155,593 46,141,104.15
    0.45 CMC COMMERCIAL METALS CO United States 2213260 61.08 721,441 44,065,616.28
    0.43 CENX CENTURY ALUMINUM COMPANY United States 2186254 30.79 1,371,679 42,233,996.41
    0.43 CALX CALIX INC United States B3S4L67 61.29 687,200 42,118,488.00
    0.42 LPX LOUISIANA-PACIFIC CORP United States 2535243 92.78 446,104 41,389,529.12
    0.42 CLF CLEVELAND-CLIFFS INC United States BYVZ186 13.13 3,135,833 41,173,487.29
    0.82 IEX IDEX CORP United States 2456612 167.95 480,838 80,756,742.10
    0.75 MLI MUELLER INDUSTRIES INC United States 2609717 102.99 721,716 74,329,530.84
    0.75 STRL STERLING INFRAST United States 2632876 379.08 195,300 74,034,324.00
    0.73 AYI ACUITY INC United States 2818461 368.27 196,770 72,464,487.90
    0.71 WMS ADVANCED DRAINAG United States BP7RS59 143.45 492,091 70,590,453.95
    0.71 TPC TUTOR PERINI CORP United States 2681760 68.84 1,018,832 70,136,394.88
    0.71 WCC WESCO INTERNATIONAL INC United States 2416973 225.54 310,886 70,117,228.44
    0.70 CR CRANE CO United States BNYD4F8 191.76 363,375 69,680,790.00
    0.66 WLK WESTLAKE CORPORATION United States B01ZP20 79.22 816,912 64,715,768.64
    0.65 AA ALCOA CORP United States BYNF418 39.42 1,639,948 64,646,750.16
    0.63 RRX REGAL REXNORD CORP United States 2730082 147.31 420,641 61,964,625.71
    0.58 TTEK TETRA TECH INC United States 2883890 33.78 1,700,989 57,459,408.42
    0.58 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 194.03 294,034 57,051,417.02
    4.27 HWM HOWMET AEROSPACE INC United States BKLJ8V2 198.51 2,126,174 422,066,800.74
    3.41 PWR QUANTA SERVICES INC United States 2150204 440.93 765,482 337,523,978.26
    3.28 CRH CRH PLC United States B01ZKD6 120.17 2,701,882 324,685,159.94
    3.18 URI UNITED RENTALS INC United States 2134781 913.33 344,458 314,603,825.14
    3.12 FAST FASTENAL CO United States 2332262 42.87 7,198,424 308,596,436.88
    3.12 PH PARKER HANNIFIN CORP United States 2671501 772.00 399,331 308,283,532.00
    3.08 SRE SEMPRA United States 2138158 92.78 3,279,653 304,286,205.34
    3.01 NSC NORFOLK SOUTHERN CORP United States 2641894 280.50 1,060,383 297,437,431.50
    2.95 CSX CSX CORP United States 2160753 36.13 8,066,573 291,445,282.49
    2.92 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 425.87 678,451 288,931,927.37
    2.80 ETN EATON CORP PLC United States B8KQN82 376.29 734,680 276,452,737.20
    2.78 EMR EMERSON ELECTRIC CO United States 2313405 132.68 2,070,502 274,714,205.36
    0.26 MRC MRC GLOBAL INC United States B7M66F1 14.47 1,802,199 26,077,819.53
    0.23 KNF KNIFE RIVER CORP United States BPLL4V5 62.85 359,892 22,619,212.20
    0.23 EXPO EXPONENT INC United States 2330318 69.31 322,354 22,342,355.74
    0.22 MTX MINERALS TECHNOLOGIES INC United States 2595612 59.71 358,761 21,421,619.31
    0.22 ATKR ATKORE INC United States BDHF495 68.33 313,389 21,413,870.37
    0.20 TRN TRINITY INDUSTRIES INC United States 2904627 28.27 690,447 19,518,936.69
    0.18 GBX GREENBRIER COMPANIES INC United States 2387530 45.94 385,935 17,729,853.90
    0.16 WNC WABASH NATIONAL CORP United States 2932048 9.03 1,725,418 15,580,524.54
    0.14 CASH United States 1.00 13,888,036 13,888,035.91
    0.12 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 15.75 727,519 11,458,424.25
    0.10 RTYZ5 Index E-MINI RUSS 2000 DEC25 United States 126,185.00 76 9,590,060.00
    0.01 AMTM AMENTUM HOLDINGS INC United States BMZLFJ5 22.55 47,235 1,065,149.25
    0.00 OTHER PAYABLE & RECEIVABLES United States 1.00 205,239 205,239.07
    2.74 DE DEERE & CO United States 2261203 472.76 572,124 270,477,342.24
    2.59 ROK ROCKWELL AUTOMATION INC United States 2754060 356.48 717,591 255,806,839.68
    2.48 VMC VULCAN MATERIALS CO United States 2931205 292.74 838,424 245,440,241.76
    2.44 MLM MARTIN MARIETTA MATERIALS United States 2572079 621.23 388,029 241,055,255.67
    2.40 UNP UNION PACIFIC CORP United States 2914734 216.61 1,095,048 237,198,347.28
    2.21 EME EMCOR GROUP INC United States 2474164 748.24 291,980 218,471,115.20
    2.09 NUE NUCOR CORP United States 2651086 138.70 1,490,796 206,773,405.20
    1.50 HUBB HUBBELL INC United States BDFG6S3 434.39 340,732 148,010,573.48
    1.49 STLD STEEL DYNAMICS INC United States 2849472 152.95 965,748 147,711,156.60
    1.28 TRMB TRIMBLE INC United States 2903958 81.42 1,559,274 126,956,089.08
    1.27 J JACOBS SOLUTIONS INC United States BNGC0D3 159.59 787,225 125,633,237.75
    1.16 PNR PENTAIR PLC United States BLS09M3 109.73 1,048,189 115,017,778.97
    1.13 ACM AECOM United States B1VZ431 132.88 841,503 111,818,918.64
    0.39 ROAD CONSTRUCTION P-A United States BDT5M66 117.99 328,918 38,809,034.82
    0.39 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 219.63 175,781 38,606,781.03
    0.38 ASTE ASTEC INDUSTRIES INC United States 2060370 48.42 773,151 37,435,971.42
    0.36 MTRN MATERION CORP United States 2149622 134.39 265,521 35,683,367.19
    0.35 BMI BADGER METER INC United States 2069128 187.29 186,621 34,952,247.09
    0.34 POWL POWELL INDUSTRIES INC United States 2697422 364.99 93,123 33,988,963.77
    0.34 CTOS CUSTOM TRUCK ONE United States BL66YS4 6.61 5,057,578 33,430,590.58
    0.34 GRC GORMAN-RUPP CO United States 2379281 46.57 712,520 33,182,056.40
    0.33 MTUS METALLUS INC United States BNBPMX1 17.91 1,835,223 32,868,843.93
    0.32 RAL RALLIANT CORP United States BTNMGM9 43.41 724,682 31,458,445.62
    0.32 TEX TEREX CORP United States 2884224 56.39 555,370 31,317,314.30
    0.31 RYI RYERSON HOLDING CORP United States B3TPPZ6 23.43 1,324,000 31,021,320.00
    0.31 DXPE DXP ENTERPRISES INC United States 2276627 122.08 253,744 30,977,067.52
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 09/30/25

    Sector Weight (%)
    Industrials 73.2
    Materials 20.7
    Utilities 3.3
    Information Technology 2.0
    Consumer Discretionary 0.8

    Source: AltaVista Research, LLC

    ETF Characteristics As of 10/24/25

    Return on Equity 14.10%
    Weighted Avg. Market Cap 45,234 M
    2024 2025
    Price-to-earnings 26.41 25.98
    Price-to-book value 3.83 3.49

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 09/30/25

    Versus Beta
    S&P 500 1.31
    MSCI EAFE 0.84
    MSCI Emg. Mkts 0.47
    Standard Deviation 21.80%

    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