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    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 04/10/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $12.54 billion
    NAV $54.62

    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 04/10/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Shares Outstanding 229,660,000
    Number of Holdings 100
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 04/10/26

    30-Day SEC Yield 0.59%
    Distribution Frequency Semi Annually
     Distribution History

    ETF Prices As of 04/10/26

    NAV $54.62 Daily Change $0.05 0.09%
    Market Price $54.65 Daily Change $0.06 0.11%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 03/31/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE -7.77% 9.38% 6.36% 36.00% 39.84% 259.75% 03/06/17
    Returns (as of 04/09/26)
    		Return PAVE Return Index
    Since Inception 286.37% 305.51%
    12 Months 47.24% 47.78%
    24 Months 51.31% 52.58%
    Last 60 Trading Days 9.71% 9.80%
    Last 75 Trading Days 15.02% 15.11%
    Monthly Returns (through 04/09/26)
    		Return PAVE Return Index
    Apr 2026 8.20% 8.22%
    Mar 2026 -7.74% -7.75%
    Feb 2026 8.58% 8.63%
    Jan 2026 6.20% 6.22%
    Dec 2025 0.94% 0.96%
    Nov 2025 0.56% 0.58%
    Oct 2025 1.28% 1.33%
    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%

    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 04/10/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.54 PWR QUANTA SERVICES INC United States 2150204 585.36 759,535 444,601,407.60
    3.42 ETN EATON CORP PLC United States B8KQN82 403.00 1,065,859 429,541,177.00
    3.38 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 465.71 911,981 424,718,671.51
    3.34 CSX CSX CORP United States 2160753 42.24 9,940,633 419,892,337.92
    3.29 HWM HOWMET AEROSPACE INC United States BKLJ8V2 252.67 1,635,523 413,247,596.41
    3.28 DE DEERE & CO United States 2261203 605.00 681,363 412,224,615.00
    3.26 SRE SEMPRA United States 2138158 98.82 4,148,142 409,919,392.44
    3.11 FAST FASTENAL CO United States 2332262 49.17 7,943,844 390,598,809.48
    3.07 UNP UNION PACIFIC CORP United States 2914734 250.51 1,537,087 385,055,664.37
    2.96 PH PARKER HANNIFIN CORP United States 2671501 984.23 377,917 371,957,248.91
    2.90 NSC NORFOLK SOUTHERN CORP United States 2641894 296.29 1,231,011 364,736,249.19
    2.71 EMR EMERSON ELECTRIC CO United States 2313405 143.77 2,369,602 340,677,679.54
    2.68 CRH CRH PLC United States B01ZKD6 117.89 2,860,070 337,173,652.30
    2.64 ROK ROCKWELL AUTOMATION INC United States 2754060 396.00 837,089 331,487,244.00
    2.37 NUE NUCOR CORP United States 2651086 186.12 1,601,471 298,065,782.52
    2.29 URI UNITED RENTALS INC United States 2134781 771.93 372,411 287,475,223.23
    2.18 VMC VULCAN MATERIALS CO United States 2931205 295.48 925,616 273,501,015.68
    2.12 MLM MARTIN MARIETTA MATERIALS United States 2572079 631.53 421,625 266,268,836.25
    2.00 EME EMCOR GROUP INC United States 2474164 802.43 313,794 251,797,719.42
    1.79 AMRZ AMRIZE LTD United States BV5F675 58.00 3,872,182 224,586,556.00
    1.59 MTZ MASTEC INC United States 2155306 361.22 552,741 199,661,104.02
    1.59 HUBB HUBBELL INC United States BDFG6S3 536.01 372,281 199,546,338.81
    1.55 STLD STEEL DYNAMICS INC United States 2849472 190.57 1,022,986 194,950,442.02
    1.30 WWD WOODWARD INC United States 2948089 388.48 419,381 162,921,130.88
    1.23 ATI ATI INC United States 2526117 162.21 951,745 154,382,556.45
    1.21 CRS CARPENTER TECHNOLOGY United States 2177504 435.30 348,984 151,912,735.20
    1.06 RBC RBC BEARINGS INC United States B0GLYB5 598.30 221,527 132,539,604.10
    1.06 AA ALCOA CORP United States BYNF418 73.03 1,814,212 132,491,902.36
    1.03 FTV FORTIVE CORP United States BYT3MK1 58.36 2,221,117 129,624,388.12
    0.94 RS RELIANCE INC United States 2729068 322.20 365,703 117,829,506.60
    0.86 TRMB TRIMBLE INC United States 2903958 64.77 1,662,826 107,701,240.02
    0.85 WLK WESTLAKE CORPORATION United States B01ZP20 118.37 898,618 106,369,412.66
    0.84 IEX IDEX CORP United States 2456612 201.09 524,114 105,394,084.26
    0.82 WCC WESCO INTERNATIONAL INC United States 2416973 303.51 340,823 103,443,188.73
    0.82 PNR PENTAIR PLC United States BLS09M3 90.21 1,144,426 103,238,669.46
    0.81 CSL CARLISLE COS INC United States 2176318 349.27 292,775 102,257,524.25
    0.81 J JACOBS SOLUTIONS INC United States BNGC0D3 122.87 825,677 101,450,932.99
    0.81 GGG GRACO INC United States 2380443 87.32 1,161,035 101,375,771.03
    0.79 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 256.26 385,528 98,795,405.28
    0.78 RPM RPM INTERNATIONAL INC United States 2756174 109.20 896,361 97,882,621.20
    0.77 RRX REGAL REXNORD CORP United States 2730082 208.33 465,065 96,886,991.45
    0.76 STRL STERLING INFRASTRUCTURE INC United States 2632876 446.36 215,151 96,034,800.36
    0.75 MLI MUELLER INDUSTRIES INC United States 2609717 121.16 777,220 94,167,975.20
    0.64 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 147.18 544,834 80,188,668.12
    0.64 DY DYCOM INDUSTRIES INC United States 2289841 393.00 202,896 79,738,128.00
    0.62 BLD TOPBUILD CORP United States BZ0P3W2 394.37 196,845 77,629,762.65
    0.61 ACM AECOM United States B1VZ431 83.59 922,464 77,108,765.76
    0.61 CR CRANE CO United States BNYD4F8 188.46 403,718 76,084,694.28
    0.60 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 215.97 349,100 75,395,127.00
    0.53 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 85.30 774,731 66,084,554.30
    0.49 PRIM PRIMORIS SERVICES CORP United States B1GC200 161.14 378,457 60,984,560.98
    0.47 AYI ACUITY INC United States 2818461 278.45 213,773 59,525,091.85
    0.47 POWL POWELL INDUSTRIES INC United States 2697422 230.94 255,408 58,983,923.52
    0.47 VMI VALMONT INDUSTRIES United States 2926825 425.80 138,008 58,763,806.40
    0.47 AGX ARGAN INC United States 2804501 603.84 97,156 58,666,679.04
    0.44 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 47.74 1,171,311 55,918,387.14
    0.44 TTEK TETRA TECH INC United States 2883890 30.19 1,829,740 55,239,850.60
    0.41 CMC COMMERCIAL METALS CO United States 2213260 65.79 777,004 51,119,093.16
    0.40 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 130.32 386,794 50,406,994.08
    0.39 CENX CENTURY ALUMINUM COMPANY United States 2186254 66.96 737,170 49,360,903.20
    0.37 LGN LEGENCE CORP-CL A United States BT6CC17 63.20 731,752 46,246,726.40
    0.36 GRC GORMAN-RUPP CO United States 2379281 68.83 661,729 45,546,807.07
    0.36 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 318.26 142,354 45,305,584.04
    0.36 EXP EAGLE MATERIALS INC United States 2191399 199.47 224,719 44,824,698.93
    0.36 TRN TRINITY INDUSTRIES INC United States 2904627 34.60 1,289,331 44,610,852.60
    0.35 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 311.97 142,150 44,346,535.50
    0.35 ASTE ASTEC INDUSTRIES INC United States 2060370 61.22 715,103 43,778,605.66
    0.34 TITN TITAN MACHINERY INC United States B29H3T5 20.27 2,122,160 43,016,183.20
    0.34 NWPX NWPX INFRASTRUCTURE INC United States 2035925 84.28 510,591 43,032,609.48
    0.34 CTRI CENTURI HOLDINGS INC United States BMDPVF7 33.69 1,255,553 42,299,580.57
    0.33 DXPE DXP ENTERPRISES INC United States 2276627 153.56 269,668 41,410,218.08
    0.32 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 118.86 335,961 39,932,324.46
    0.31 KNF KNIFE RIVER CORP United States BPLL4V5 84.06 468,746 39,402,788.76
    0.31 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 29.69 1,321,728 39,242,104.32
    0.31 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 7.26 5,378,528 39,048,113.28
    0.31 MTRN MATERION CORP United States 2149622 163.34 239,255 39,079,911.70
    0.31 GVA GRANITE CONSTRUCTION INC United States 2381189 126.99 305,114 38,746,426.86
    0.31 TPC TUTOR PERINI CORP United States 2681760 83.35 463,651 38,645,310.85
    0.30 MDU MDU RESOURCES GROUP INC United States 2547323 22.34 1,715,533 38,325,007.22
    0.30 ACA ARCOSA INC United States BGPZ5W8 111.60 343,598 38,345,536.80
    0.30 IIIN INSTEEL INDUSTRIES INC United States 2325875 36.43 1,043,750 38,023,812.50
    0.30 MTX MINERALS TECHNOLOGIES INC United States 2595612 73.02 521,145 38,054,007.90
    0.30 USLM UNITED STATES LIME & MINERAL United States 2724115 136.82 271,825 37,191,096.50
    0.29 TEX TEREX CORP United States 2884224 63.18 578,181 36,529,475.58
    0.29 LPX LOUISIANA-PACIFIC CORP United States 2535243 74.79 487,861 36,487,124.19
    0.29 GBX GREENBRIER COMPANIES INC United States 2387530 52.15 698,069 36,404,298.35
    0.29 CLF CLEVELAND-CLIFFS INC United States BYVZ186 9.04 3,991,206 36,080,502.24
    0.27 CSW CSW INDUSTRIALS INC United States BYQD1J6 290.54 116,887 33,960,348.98
    0.27 TTAM TITAN AMERICA SA United States BNM4XQ7 16.11 2,087,127 33,623,615.97
    0.26 ATKR ATKORE INC United States BDHF495 67.83 484,356 32,853,867.48
    0.26 BMI BADGER METER INC United States 2069128 155.23 206,655 32,079,055.65
    0.25 WNC WABASH NATIONAL CORP United States 2932048 9.20 3,440,230 31,650,116.00
    0.25 MTUS METALLUS INC United States BNBPMX1 17.74 1,742,454 30,911,133.96
    0.25 EXPO EXPONENT INC United States 2330318 65.37 471,598 30,828,361.26
    0.24 CALX CALIX INC United States B3S4L67 47.73 638,134 30,458,135.82
    0.24 DNOW DNOW INC United States BMH0MV1 12.21 2,425,990 29,621,337.90
    0.23 RYZ RYERSON HOLDING CORP United States B3TPPZ6 24.64 1,185,739 29,216,608.96
    0.22 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 40.18 694,815 27,917,666.70
    0.21 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 15.67 1,674,803 26,244,163.01
    0.19 HRI HERC HOLDINGS INC United States BZBZ020 102.96 233,053 23,995,136.88
    0.04 OTHER PAYABLE & RECEIVABLES United States 1.00 4,962,304 4,962,303.90
    0.04 CASH United States 1.00 4,585,422 4,585,422.17
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 03/31/26

    Sector Weight (%)
    Industrials 71.9
    Materials 22.3
    Utilities 3.8
    Information Technology 1.4
    Consumer Discretionary 0.6

    Source: AltaVista Research, LLC

    ETF Characteristics As of 04/10/26

    Return on Equity 15.10%
    Weighted Avg. Market Cap 45,691 M
    2025 2026
    Price-to-earnings 29.70 24.62
    Price-to-book value 3.91 3.52

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 03/31/26

    Versus Beta
    S&P 500 1.02
    MSCI EAFE 0.96
    MSCI Emg. Mkts 0.78
    Standard Deviation 20.70%

    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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