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    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 11/30/24

    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 12/24/24

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $8.79 billion
    NAV $41.40

    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 12/24/24

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe
    Shares Outstanding 212,270,000
    Number of Holdings 102
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 12/24/24

    30-Day SEC Yield 0.49%
    Distribution Frequency Semi-Annually
     Distribution History

    ETF Prices As of 12/24/24

    NAV $41.40 Daily Change $0.33 0.80%
    Market Price $41.37 Daily Change $0.29 0.71%

    Performance History

    Premium Discount Chart
    1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE Return Index
    Return PAVE Return Index

    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 12/24/24

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.72 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 379.93 860,930 327,093,134.90
    3.58 PWR QUANTA SERVICES INC United States 2150204 330.81 949,619 314,143,461.39
    3.48 ETN EATON CORP PLC United States B8KQN82 341.54 895,881 305,979,196.74
    3.45 PH PARKER HANNIFIN CORP United States 2671501 652.57 464,609 303,189,895.13
    3.43 HWM HOWMET AEROSPACE INC United States BKLJ8V2 112.04 2,691,155 301,517,006.20
    3.27 EMR EMERSON ELECTRIC CO United States 2313405 126.23 2,275,408 287,224,751.84
    3.12 URI UNITED RENTALS INC United States 2134781 727.42 377,065 274,284,622.30
    3.04 SRE SEMPRA United States 2138158 87.96 3,038,795 267,292,408.20
    2.77 DE DEERE & CO United States 2261203 432.84 562,597 243,514,485.48
    2.68 FAST FASTENAL CO United States 2332262 75.11 3,135,579 235,513,338.69
    2.64 MLM MARTIN MARIETTA MATERIALS United States 2572079 533.18 435,683 232,297,461.94
    2.61 VMC VULCAN MATERIALS CO United States 2931205 264.31 868,542 229,564,336.02
    2.44 NSC NORFOLK SOUTHERN CORP United States 2641894 237.92 902,370 214,691,870.40
    2.38 ROK ROCKWELL AUTOMATION INC United States 2754060 292.20 716,450 209,346,690.00
    2.34 UNP UNION PACIFIC CORP United States 2914734 229.75 895,735 205,795,116.25
    2.32 CSX CSX CORP United States 2160753 32.57 6,247,384 203,477,296.88
    1.96 FTV FORTIVE CORP United States BYT3MK1 75.00 2,297,428 172,307,100.00
    1.72 HUBB HUBBELL INC United States BDFG6S3 432.04 350,634 151,487,913.36
    1.70 NUE NUCOR CORP United States 2651086 117.43 1,269,305 149,054,486.15
    1.62 EME EMCOR GROUP INC United States 2474164 463.49 307,452 142,500,927.48
    1.41 STLD STEEL DYNAMICS INC United States 2849472 117.06 1,057,987 123,847,958.22
    1.37 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 148.82 806,477 120,019,907.14
    1.36 CSL CARLISLE COS INC United States 2176318 376.45 318,309 119,827,423.05
    1.33 TRMB TRIMBLE INC United States 2903958 71.87 1,626,789 116,917,325.43
    1.28 J JACOBS SOLUTIONS INC United States BNGC0D3 136.00 826,063 112,344,568.00
    1.26 PNR PENTAIR PLC United States BLS09M3 102.35 1,080,962 110,636,460.70
    1.21 RPM RPM INTERNATIONAL INC United States 2756174 126.13 842,807 106,303,246.91
    1.19 IEX IDEX CORP United States 2456612 212.28 494,482 104,968,638.96
    1.16 RS RELIANCE INC United States 2729068 270.98 375,882 101,856,504.36
    1.10 ACM AECOM United States B1VZ431 108.41 889,395 96,419,311.95
    1.10 WLK Westlake Corporation United States B01ZP20 114.95 837,892 96,315,685.40
    1.06 GGG GRACO INC United States 2380443 84.75 1,103,914 93,556,711.50
    0.81 MTZ MASTEC INC United States 2155306 138.42 515,619 71,371,981.98
    0.81 AGX ARGAN INC United States 2804501 143.57 495,917 71,198,803.69
    0.81 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 190.00 374,284 71,113,960.00
    0.79 TTEK TETRA TECH INC United States 2883890 39.90 1,741,895 69,501,610.50
    0.78 RRX REGAL REXNORD CORP United States 2730082 158.55 433,965 68,805,150.75
    0.76 WWD WOODWARD INC United States 2948089 170.78 393,029 67,121,492.62
    0.74 USLM US LIME & MINERA United States 2724115 136.26 476,815 64,970,811.90
    0.74 BLD TOPBUILD CORP United States BZ0P3W2 312.44 207,916 64,961,275.04
    0.74 POWL POWELL INDUSTRIES INC United States 2697422 232.60 278,200 64,709,320.00
    0.71 TPC TUTOR PERINI CORP United States 2681760 24.34 2,569,502 62,541,678.68
    0.70 AYI ACUITY BRANDS INC United States 2818461 303.16 201,537 61,097,956.92
    0.69 WCC WESCO INTERNATIONAL INC United States 2416973 180.33 334,241 60,273,679.53
    0.68 MLI MUELLER INDUSTRIES INC United States 2609717 80.63 742,759 59,888,658.17
    0.67 WMS ADVANCED DRAINAG United States BP7RS59 116.22 509,779 59,246,515.38
    0.66 CR CRANE CO United States BNYD4F8 155.88 371,811 57,957,898.68
    0.66 RBC RBC BEARINGS INC United States B0GLYB5 304.63 189,693 57,786,178.59
    0.65 EXP EAGLE MATERIALS INC United States 2191399 250.23 227,476 56,921,319.48
    0.64 CRS CARPENTER TECHNOLOGY United States 2177504 174.52 323,957 56,536,975.64
    0.63 DXPE DXP ENTERPRISES INC United States 2276627 81.69 674,980 55,139,116.20
    0.62 PRIM PRIMORIS SERVICES CORP United States B1GC200 80.41 671,810 54,020,242.10
    0.60 STRL STERLING INFRAST United States 2632876 174.89 302,854 52,966,136.06
    0.56 LPX LOUISIANA-PACIFIC CORP United States 2535243 105.09 471,973 49,599,642.57
    0.54 ROAD CONSTRUCTION P-A United States BDT5M66 90.42 521,515 47,155,386.30
    0.53 X UNITED STATES STEEL CORP United States 2824770 31.97 1,460,337 46,686,973.89
    0.53 ATI ATI Inc United States 2526117 55.82 835,134 46,617,179.88
    0.51 AA ALCOA CORP United States BYNF418 38.61 1,162,495 44,883,931.95
    0.50 GVA GRANITE CONSTRUCTION INC United States 2381189 91.12 481,880 43,908,905.60
    0.50 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 146.67 298,796 43,824,409.32
    0.49 ZWS Zurn Elkay Water Solution United States BMV1ZD3 37.82 1,131,470 42,792,195.40
    0.48 VMI VALMONT INDUSTRIES United States 2926825 311.39 136,674 42,558,916.86
    0.48 BMI BADGER METER INC United States 2069128 220.00 191,030 42,026,600.00
    0.45 SUM SUMMIT MATERIA-A United States BW9JPS4 50.64 778,324 39,414,327.36
    0.44 CMC COMMERCIAL METALS CO United States 2213260 50.50 762,068 38,484,434.00
    0.43 NWPX NORTHWEST PIPE CO United States 2035925 50.16 760,080 38,125,612.80
    0.43 KNF KNIFE RIVER CORP United States BPLL4V5 103.56 367,764 38,085,639.84
    0.42 CSWI CSW INDUSTRIALS INC United States BYQD1J6 360.30 102,255 36,842,476.50
    0.42 CENX CENTURY ALUMINUM COMPANY United States 2186254 19.00 1,926,996 36,622,558.98
    0.40 HRI HERC HOLDINGS INC United States BZBZ020 191.45 184,334 35,290,744.30
    0.40 MWA MUELLER WATER-A United States B15RZR4 22.88 1,526,504 34,926,411.52
    0.38 DY DYCOM INDUSTRIES INC United States 2289841 175.50 190,976 33,516,288.00
    0.36 ACA ARCOSA INC United States BGPZ5W8 100.02 317,573 31,763,651.46
    0.36 CLF CLEVELAND-CLIFFS INC United States BYVZ186 9.46 3,306,837 31,282,678.02
    0.35 TRN TRINITY INDUSTRIES INC United States 2904627 35.83 849,203 30,426,943.49
    0.34 EXPO EXPONENT INC United States 2330318 90.45 330,129 29,860,168.05
    0.34 GBX GREENBRIER COMPANIES INC United States 2387530 62.78 474,128 29,765,755.84
    0.33 DNOW DNOW INC United States BMH0MV1 13.11 2,202,545 28,875,364.95
    0.30 MRC MRC GLOBAL INC United States B7M66F1 12.80 2,094,352 26,807,705.60
    0.29 GRC GORMAN-RUPP CO United States 2379281 38.67 654,029 25,291,301.43
    0.29 MTX MINERALS TECHNOLOGIES INC United States 2595612 76.73 327,903 25,159,997.19
    0.28 MDU MDU RESOURCES GROUP INC United States 2547323 18.25 1,325,762 24,195,156.50
    0.27 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 152.30 157,103 23,926,786.90
    0.27 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 70.58 332,169 23,444,488.02
    0.24 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 37.28 577,714 21,537,177.92
    0.24 HEES H&E EQUIPMENT SE United States B0WR848 50.21 426,657 21,422,447.97
    0.24 CXT CRANE NXT CO United States BQ7W2W6 57.58 369,410 21,270,627.80
    0.23 ASTE ASTEC INDUSTRIES INC United States 2060370 33.15 620,994 20,585,951.10
    0.23 ATKR Atkore Inc United States BDHF495 83.21 240,656 20,024,985.76
    0.22 TEX TEREX CORP United States 2884224 45.30 436,861 19,789,803.30
    0.21 MTRN MATERION CORP United States 2149622 101.20 182,532 18,472,238.40
    0.20 IIIN INSTEEL INDUSTRIES INC United States 2325875 27.96 637,413 17,822,067.48
    0.20 CALX CALIX INC United States B3S4L67 35.29 490,167 17,297,993.43
    0.19 CTOS CUSTOM TRUCK ONE United States BL66YS4 4.82 3,438,052 16,571,410.64
    0.19 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 60.30 271,142 16,349,862.60
    0.18 AMTM AMENTUM HOLDINGS INC United States BMZLFJ5 19.81 822,573 16,295,171.13
    0.17 MTUS METALLUS INC United States BNBPMX1 14.27 1,067,421 15,232,097.67
    0.17 WNC WABASH NATIONAL CORP United States 2932048 17.12 857,327 14,677,438.24
    0.14 RYI RYERSON HOLDING CORP United States B3TPPZ6 19.08 652,521 12,450,100.68
    0.13 CASH United States 1.00 11,424,669 11,424,668.91
    0.13 TITN TITAN MACHINERY INC United States B29H3T5 13.82 804,439 11,117,346.98
    0.02 OTHER PAYABLE & RECEIVABLES United States 1.00 1,984,884 1,984,884.48
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 11/30/24

    Sector Weight (%)
    Industrials 74.5
    Materials 19.7
    Utilities 3.2
    Information Technology 1.8
    Consumer Discretionary 0.8

    Source: AltaVista Research, LLC

    ETF Characteristics As of 12/24/24

    Return on Equity 15.00%
    Weighted Avg. Market Cap 42,865 M
    2023 2024
    Price-to-earnings 22.33 22.14
    Price-to-book value 3.51 3.13

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 11/30/24

    Versus Beta
    S&P 500 1.25
    MSCI EAFE 1.14
    MSCI Emg. Mkts 0.73
    Standard Deviation 25.10%

    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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