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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 02/05/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $11.49 billion
    NAV $52.82

    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 02/05/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Shares Outstanding 217,460,000
    Number of Holdings 100
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 02/05/26

    30-Day SEC Yield 0.50%
    Distribution Frequency Semi Annually
     Distribution History

    ETF Prices As of 02/05/26

    NAV $52.82 Daily Change -$0.20 -0.38%
    Market Price $52.84 Daily Change -$0.18 -0.34%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 01/30/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE 6.20% 13.88% 6.20% 20.99% 38.67% 259.18% 03/06/17
    Returns (as of 02/04/26)
    		Return PAVE Return Index
    Since Inception 275.39% 293.65%
    12 Months 35.63% 36.11%
    24 Months 44.93% 46.15%
    Last 60 Trading Days 14.14% 14.23%
    Last 75 Trading Days 13.96% 14.05%
    Monthly Returns (through 02/04/26)
    		Return PAVE Return Index
    Feb 2026 4.52% 4.52%
    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%
    Mar 2024 5.53% 5.57%
    Feb 2024 9.91% 10.01%

    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 02/05/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.27 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 436.15 861,541 375,761,107.15
    3.26 CSX CSX CORP United States 2160753 39.87 9,394,620 374,563,499.40
    3.18 UNP UNION PACIFIC CORP United States 2914734 251.45 1,452,600 365,256,270.00
    3.17 DE DEERE & CO United States 2261203 565.73 643,533 364,065,924.09
    3.11 ETN EATON CORP PLC United States B8KQN82 354.67 1,006,080 356,826,393.60
    3.10 FAST FASTENAL CO United States 2332262 47.33 7,507,538 355,331,773.54
    3.10 NSC NORFOLK SOUTHERN CORP United States 2641894 305.56 1,162,917 355,340,918.52
    3.01 PH PARKER HANNIFIN CORP United States 2671501 965.82 357,741 345,513,412.62
    2.98 PWR QUANTA SERVICES INC United States 2150204 477.72 716,899 342,476,990.28
    2.96 SRE SEMPRA United States 2138158 86.66 3,919,901 339,698,620.66
    2.94 EMR EMERSON ELECTRIC CO United States 2313405 150.94 2,237,260 337,692,024.40
    2.86 CRH CRH PLC United States B01ZKD6 121.77 2,699,516 328,720,063.32
    2.82 HWM HOWMET AEROSPACE INC United States BKLJ8V2 209.51 1,543,680 323,416,396.80
    2.80 ROK ROCKWELL AUTOMATION INC United States 2754060 406.70 790,347 321,434,124.90
    2.60 URI UNITED RENTALS INC United States 2134781 847.77 351,484 297,977,590.68
    2.46 NUE NUCOR CORP United States 2651086 186.50 1,513,201 282,211,986.50
    2.37 VMC VULCAN MATERIALS CO United States 2931205 310.76 873,982 271,598,646.32
    2.33 MLM MARTIN MARIETTA MATERIALS United States 2572079 670.95 398,688 267,499,713.60
    1.85 EME EMCOR GROUP INC United States 2474164 717.68 296,140 212,533,755.20
    1.77 AMRZ AMRIZE LTD United States BV5F675 55.60 3,651,158 203,004,384.80
    1.62 STLD STEEL DYNAMICS INC United States 2849472 193.02 965,289 186,320,082.78
    1.49 HUBB HUBBELL INC United States BDFG6S3 487.40 351,279 171,213,384.60
    1.30 WWD WOODWARD INC United States 2948089 376.81 395,979 149,208,846.99
    1.11 MTZ MASTEC INC United States 2155306 244.86 521,916 127,796,351.76
    1.10 FTV FORTIVE CORP United States BYT3MK1 60.20 2,098,800 126,347,760.00
    1.03 RS RELIANCE INC United States 2729068 342.27 345,527 118,263,526.29
    1.01 ATI ATI INC United States 2526117 128.67 897,703 115,507,445.01
    1.00 CRS CARPENTER TECHNOLOGY United States 2177504 348.65 329,508 114,882,964.20
    0.98 J JACOBS SOLUTIONS INC United States BNGC0D3 143.73 780,281 112,149,788.13
    0.96 CSL CARLISLE COS INC United States 2176318 401.01 276,102 110,719,663.02
    0.95 RBC RBC BEARINGS INC United States B0GLYB5 520.16 208,917 108,670,266.72
    0.92 IEX IDEX CORP United States 2456612 212.94 495,111 105,428,936.34
    0.90 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 284.66 363,995 103,614,816.70
    0.90 PNR PENTAIR PLC United States BLS09M3 94.97 1,081,376 102,698,278.72
    0.88 GGG GRACO INC United States 2380443 92.42 1,096,724 101,359,232.08
    0.88 TRMB TRIMBLE INC United States 2903958 63.98 1,572,034 100,578,735.32
    0.85 RPM RPM INTERNATIONAL INC United States 2756174 115.09 847,182 97,502,176.38
    0.84 AA ALCOA CORP United States BYNF418 56.38 1,712,955 96,576,402.90
    0.84 WCC WESCO INTERNATIONAL INC United States 2416973 299.49 321,788 96,372,288.12
    0.80 BLD TOPBUILD CORP United States BZ0P3W2 493.91 185,496 91,618,329.36
    0.76 RRX REGAL REXNORD CORP United States 2730082 200.00 439,111 87,822,200.00
    0.76 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 120.06 730,498 87,703,589.88
    0.76 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 170.03 514,405 87,464,282.15
    0.75 ACM AECOM United States B1VZ431 98.65 872,024 86,025,167.60
    0.74 MLI MUELLER INDUSTRIES INC United States 2609717 115.26 734,346 84,640,719.96
    0.68 WLK WESTLAKE CORPORATION United States B01ZP20 92.17 848,483 78,204,678.11
    0.64 STRL STERLING INFRASTRUCTURE INC United States 2632876 365.07 202,851 74,054,814.57
    0.63 DY DYCOM INDUSTRIES INC United States 2289841 376.24 191,547 72,067,643.28
    0.63 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 218.02 329,590 71,857,211.80
    0.62 CR CRANE CO United States BNYD4F8 187.78 381,020 71,547,935.60
    0.61 TTEK TETRA TECH INC United States 2883890 40.70 1,724,601 70,191,260.70
    0.56 AYI ACUITY INC United States 2818461 315.96 202,424 63,957,887.04
    0.52 VMI VALMONT INDUSTRIES United States 2926825 459.97 130,303 59,935,470.91
    0.52 CMC COMMERCIAL METALS CO United States 2213260 80.56 733,647 59,102,602.32
    0.49 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 51.11 1,107,000 56,578,770.00
    0.46 PRIM PRIMORIS SERVICES CORP United States B1GC200 147.97 357,379 52,881,370.63
    0.46 CLF CLEVELAND-CLIFFS INC United States BYVZ186 13.85 3,767,763 52,183,517.55
    0.41 EXP EAGLE MATERIALS INC United States 2191399 223.22 212,109 47,346,970.98
    0.38 LPX LOUISIANA-PACIFIC CORP United States 2535243 93.83 460,663 43,224,009.29
    0.38 POWL POWELL INDUSTRIES INC United States 2697422 538.81 80,092 43,154,370.52
    0.35 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 127.65 316,224 40,365,993.60
    0.34 ACA ARCOSA INC United States BGPZ5W8 120.83 324,415 39,199,064.45
    0.33 HRI HERC HOLDINGS INC United States BZBZ020 172.31 220,077 37,921,467.87
    0.32 DNOW DNOW INC United States BMH0MV1 16.28 2,292,324 37,319,034.72
    0.32 GRC GORMAN-RUPP CO United States 2379281 59.55 622,793 37,087,323.15
    0.32 TRN TRINITY INDUSTRIES INC United States 2904627 30.24 1,218,715 36,853,941.60
    0.32 ASTE ASTEC INDUSTRIES INC United States 2060370 54.68 672,996 36,799,421.28
    0.32 GVA GRANITE CONSTRUCTION INC United States 2381189 125.83 288,721 36,329,763.43
    0.31 IIIN INSTEEL INDUSTRIES INC United States 2325875 36.13 987,005 35,660,490.65
    0.31 WNC WABASH NATIONAL CORP United States 2932048 10.96 3,246,243 35,578,823.28
    0.31 GBX GREENBRIER COMPANIES INC United States 2387530 53.80 660,239 35,520,858.20
    0.31 DXPE DXP ENTERPRISES INC United States 2276627 139.89 254,536 35,607,041.04
    0.31 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 264.63 133,792 35,405,376.96
    0.31 MTX MINERALS TECHNOLOGIES INC United States 2595612 71.63 492,142 35,252,131.46
    0.30 TTAM TITAN AMERICA SA United States BNM4XQ7 17.72 1,967,960 34,872,251.20
    0.30 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 27.93 1,248,590 34,873,118.70
    0.30 TPC TUTOR PERINI CORP United States 2681760 79.95 436,397 34,889,940.15
    0.30 TITN TITAN MACHINERY INC United States B29H3T5 17.72 1,935,181 34,291,407.32
    0.30 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 52.20 656,985 34,294,617.00
    0.30 MTUS METALLUS INC United States BNBPMX1 20.76 1,646,618 34,183,789.68
    0.30 NWPX NWPX INFRASTRUCTURE INC United States 2035925 70.83 480,480 34,032,398.40
    0.30 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 252.86 133,976 33,877,171.36
    0.29 KNF KNIFE RIVER CORP United States BPLL4V5 76.24 442,537 33,739,020.88
    0.29 TEX TEREX CORP United States 2884224 61.26 545,968 33,445,999.68
    0.29 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 21.00 1,580,224 33,184,704.00
    0.29 RYI RYERSON HOLDING CORP United States B3TPPZ6 29.70 1,115,769 33,138,339.30
    0.29 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 6.51 5,078,607 33,061,731.57
    0.29 MTRN MATERION CORP United States 2149622 145.83 225,120 32,829,249.60
    0.28 MDU MDU RESOURCES GROUP INC United States 2547323 20.16 1,620,958 32,678,513.28
    0.28 CTRI CENTURI HOLDINGS INC United States BMDPVF7 27.71 1,181,481 32,738,838.51
    0.28 CENX CENTURY ALUMINUM COMPANY United States 2186254 46.87 693,683 32,512,922.21
    0.28 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 88.96 364,701 32,443,800.96
    0.28 AGX ARGAN INC United States 2804501 345.97 91,423 31,629,615.31
    0.28 EXPO EXPONENT INC United States 2330318 70.83 445,117 31,527,637.11
    0.27 LGN LEGENCE CORP-CL A United States BT6CC17 44.43 689,965 30,655,144.95
    0.26 CALX CALIX INC United States B3S4L67 50.65 600,162 30,398,205.30
    0.26 CSW CSW INDUSTRIALS INC United States BYQD1J6 275.07 110,366 30,358,375.62
    0.26 ATKR ATKORE INC United States BDHF495 65.80 457,145 30,080,141.00
    0.25 BMI BADGER METER INC United States 2069128 145.88 195,306 28,491,239.28
    0.24 USLM UNITED STATES LIME & MINERAL United States 2724115 107.00 256,693 27,466,151.00
    0.05 OTHER PAYABLE & RECEIVABLES United States 1.00 5,945,080 5,945,080.21
    0.02 CASH United States 1.00 2,299,531 2,299,530.87
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 01/31/26

    Sector Weight (%)
    Industrials 71.6
    Materials 22.8
    Utilities 3.4
    Information Technology 1.5
    Consumer Discretionary 0.8

    Source: AltaVista Research, LLC

    ETF Characteristics As of 02/05/26

    Return on Equity 15.20%
    Weighted Avg. Market Cap 45,126 M
    2025 2026
    Price-to-earnings 29.19 24.02
    Price-to-book value 3.87 3.47

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 01/31/26

    Versus Beta
    S&P 500 1.03
    MSCI EAFE 1.00
    MSCI Emg. Mkts 0.85
    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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