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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 02/26/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $12.43 billion
    NAV $55.31

    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 02/26/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Shares Outstanding 224,650,000
    Number of Holdings 100
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 02/26/26

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

    ETF Prices As of 02/26/26

    NAV $55.31 Daily Change $0.26 0.47%
    Market Price $55.33 Daily Change $0.26 0.47%

    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 02/26/26)
    		Return PAVE Return Index
    Since Inception 291.61% 310.82%
    12 Months 41.47% 42.04%
    24 Months 51.17% 52.52%
    Last 60 Trading Days 18.21% 18.34%
    Last 75 Trading Days 19.06% 19.20%
    Monthly Returns (through 02/26/26)
    		Return PAVE Return Index
    Feb 2026 9.02% 9.07%
    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 02/26/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.37 PWR QUANTA SERVICES INC United States 2150204 565.05 744,388 420,616,439.40
    3.34 HWM HOWMET AEROSPACE INC United States BKLJ8V2 260.31 1,602,823 417,230,855.13
    3.33 CSX CSX CORP United States 2160753 42.65 9,755,309 416,063,928.85
    3.32 DE DEERE & CO United States 2261203 619.46 668,523 414,123,257.58
    3.28 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 457.14 894,861 409,076,757.54
    3.19 UNP UNION PACIFIC CORP United States 2914734 264.07 1,508,411 398,326,092.77
    3.14 ETN EATON CORP PLC United States B8KQN82 374.59 1,044,398 391,221,046.82
    3.10 SRE SEMPRA United States 2138158 95.20 4,070,674 387,528,164.80
    3.03 NSC NORFOLK SOUTHERN CORP United States 2641894 313.01 1,207,899 378,084,465.99
    3.02 PH PARKER HANNIFIN CORP United States 2671501 1,014.97 371,069 376,623,902.93
    2.85 FAST FASTENAL CO United States 2332262 45.68 7,795,756 356,110,134.08
    2.84 EMR EMERSON ELECTRIC CO United States 2313405 152.72 2,323,059 354,777,570.48
    2.72 CRH CRH PLC United States B01ZKD6 121.14 2,802,808 339,532,161.12
    2.70 ROK ROCKWELL AUTOMATION INC United States 2754060 411.30 820,335 337,403,785.50
    2.51 URI UNITED RENTALS INC United States 2134781 858.09 364,812 313,041,529.08
    2.25 MLM MARTIN MARIETTA MATERIALS United States 2572079 678.46 413,682 280,666,689.72
    2.25 VMC VULCAN MATERIALS CO United States 2931205 308.99 907,302 280,347,244.98
    2.21 NUE NUCOR CORP United States 2651086 175.61 1,571,511 275,973,046.71
    1.95 AMRZ AMRIZE LTD United States BV5F675 64.16 3,791,102 243,237,104.32
    1.84 EME EMCOR GROUP INC United States 2474164 746.18 307,802 229,675,696.36
    1.55 STLD STEEL DYNAMICS INC United States 2849472 192.52 1,001,941 192,893,681.32
    1.53 HUBB HUBBELL INC United States BDFG6S3 522.77 364,607 190,605,601.39
    1.28 WWD WOODWARD INC United States 2948089 387.74 410,973 159,350,671.02
    1.26 MTZ MASTEC INC United States 2155306 289.96 541,908 157,131,643.68
    1.22 ATI ATI INC United States 2526117 163.55 931,856 152,405,048.80
    1.09 CRS CARPENTER TECHNOLOGY United States 2177504 397.53 342,003 135,956,452.59
    1.04 FTV FORTIVE CORP United States BYT3MK1 59.80 2,179,601 130,340,139.80
    1.00 RBC RBC BEARINGS INC United States B0GLYB5 576.50 217,247 125,242,895.50
    0.91 CSL CARLISLE COS INC United States 2176318 395.59 286,931 113,507,034.29
    0.91 RS RELIANCE INC United States 2729068 316.10 358,855 113,434,065.50
    0.91 J JACOBS SOLUTIONS INC United States BNGC0D3 139.76 810,269 113,243,195.44
    0.90 AA ALCOA CORP United States BYNF418 63.47 1,778,762 112,898,024.14
    0.90 PNR PENTAIR PLC United States BLS09M3 100.44 1,123,026 112,796,731.44
    0.89 TRMB TRIMBLE INC United States 2903958 68.23 1,632,010 111,352,042.30
    0.86 IEX IDEX CORP United States 2456612 209.59 514,270 107,785,849.30
    0.86 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 285.16 378,156 107,834,964.96
    0.85 GGG GRACO INC United States 2380443 93.00 1,139,207 105,946,251.00
    0.81 RRX REGAL REXNORD CORP United States 2730082 220.80 455,771 100,634,236.80
    0.80 RPM RPM INTERNATIONAL INC United States 2756174 113.97 879,669 100,255,875.93
    0.79 WCC WESCO INTERNATIONAL INC United States 2416973 295.84 334,283 98,894,282.72
    0.74 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 172.20 534,397 92,023,163.40
    0.74 MLI MUELLER INDUSTRIES INC United States 2609717 120.46 762,668 91,870,987.28
    0.73 STRL STERLING INFRASTRUCTURE INC United States 2632876 433.34 210,348 91,152,202.32
    0.72 BLD TOPBUILD CORP United States BZ0P3W2 467.98 192,993 90,316,864.14
    0.72 ACM AECOM United States B1VZ431 99.56 905,344 90,136,048.64
    0.71 WLK WESTLAKE CORPORATION United States B01ZP20 100.34 880,970 88,396,529.80
    0.67 DY DYCOM INDUSTRIES INC United States 2289841 420.51 199,044 83,699,992.44
    0.65 CR CRANE CO United States BNYD4F8 203.94 396,014 80,765,075.23
    0.64 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 104.56 758,820 79,342,219.20
    0.64 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 231.59 342,085 79,223,465.15
    0.52 AYI ACUITY INC United States 2818461 307.53 209,921 64,557,005.13
    0.51 TTEK TETRA TECH INC United States 2883890 35.52 1,791,241 63,624,880.32
    0.51 VMI VALMONT INDUSTRIES United States 2926825 468.17 135,301 63,343,869.17
    0.47 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 50.96 1,149,483 58,577,653.68
    0.46 CMC COMMERCIAL METALS CO United States 2213260 74.91 761,969 57,079,097.79
    0.45 PRIM PRIMORIS SERVICES CORP United States B1GC200 151.99 370,707 56,343,756.93
    0.40 EXP EAGLE MATERIALS INC United States 2191399 226.19 220,439 49,861,097.41
    0.37 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 122.16 378,862 46,281,781.92
    0.36 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 135.63 328,719 44,584,157.97
    0.36 POWL POWELL INDUSTRIES INC United States 2697422 530.88 83,424 44,288,133.12
    0.35 ASTE ASTEC INDUSTRIES INC United States 2060370 62.34 698,819 43,564,376.46
    0.35 TRN TRINITY INDUSTRIES INC United States 2904627 34.22 1,265,363 43,300,721.86
    0.35 CLF CLEVELAND-CLIFFS INC United States BYVZ186 11.05 3,912,705 43,235,390.25
    0.34 ACA ARCOSA INC United States BGPZ5W8 127.50 336,910 42,956,025.00
    0.34 AGX ARGAN INC United States 2804501 452.53 94,755 42,879,480.15
    0.34 GRC GORMAN-RUPP CO United States 2379281 64.63 646,950 41,812,378.50
    0.33 LGN LEGENCE CORP-CL A United States BT6CC17 57.32 716,621 41,076,715.72
    0.33 KNF KNIFE RIVER CORP United States BPLL4V5 89.38 459,197 41,043,027.86
    0.33 GVA GRANITE CONSTRUCTION INC United States 2381189 136.09 299,550 40,765,759.50
    0.33 NWPX NWPX INFRASTRUCTURE INC United States 2035925 81.66 498,806 40,732,497.96
    0.32 TPC TUTOR PERINI CORP United States 2681760 89.38 453,057 40,494,234.66
    0.32 TITN TITAN MACHINERY INC United States B29H3T5 19.79 2,012,650 39,830,343.50
    0.32 GBX GREENBRIER COMPANIES INC United States 2387530 58.16 685,229 39,852,918.64
    0.32 LPX LOUISIANA-PACIFIC CORP United States 2535243 83.22 478,156 39,792,142.32
    0.32 DXPE DXP ENTERPRISES INC United States 2276627 148.75 264,532 39,349,135.00
    0.31 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 30.12 1,296,904 39,062,748.48
    0.31 IIIN INSTEEL INDUSTRIES INC United States 2325875 38.11 1,024,490 39,043,313.90
    0.31 TEX TEREX CORP United States 2884224 68.16 566,793 38,632,610.88
    0.31 CTRI CENTURI HOLDINGS INC United States BMDPVF7 31.43 1,227,296 38,573,913.28
    0.31 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 7.29 5,273,529 38,444,026.41
    0.31 TTAM TITAN AMERICA SA United States BNM4XQ7 18.78 2,043,763 38,381,869.14
    0.30 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 272.47 138,974 37,866,245.78
    0.30 MTRN MATERION CORP United States 2149622 161.26 233,450 37,646,147.00
    0.30 CENX CENTURY ALUMINUM COMPANY United States 2186254 52.21 720,339 37,608,899.19
    0.29 MTX MINERALS TECHNOLOGIES INC United States 2595612 71.09 511,301 36,348,388.09
    0.29 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 260.32 138,790 36,129,812.80
    0.28 MDU MDU RESOURCES GROUP INC United States 2547323 20.44 1,683,433 34,409,370.52
    0.27 WNC WABASH NATIONAL CORP United States 2932048 10.14 3,371,193 34,183,897.02
    0.27 CSW CSW INDUSTRIALS INC United States BYQD1J6 298.38 114,531 34,173,759.78
    0.27 HRI HERC HOLDINGS INC United States BZBZ020 148.88 228,407 34,005,234.16
    0.27 EXPO EXPONENT INC United States 2330318 73.10 462,610 33,816,791.00
    0.27 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 49.03 681,975 33,437,234.25
    0.26 CALX CALIX INC United States B3S4L67 51.47 623,486 32,090,824.42
    0.26 RYZ RYERSON HOLDING CORP United States B3TPPZ6 27.46 1,159,085 31,828,474.10
    0.25 BMI BADGER METER INC United States 2069128 155.77 202,803 31,590,623.31
    0.25 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 19.19 1,641,033 31,491,423.27
    0.25 ATKR ATKORE INC United States BDHF495 65.33 474,638 31,008,100.54
    0.24 USLM UNITED STATES LIME & MINERAL United States 2724115 113.97 266,689 30,394,545.33
    0.24 MTUS METALLUS INC United States BNBPMX1 17.30 1,709,926 29,581,719.80
    0.23 DNOW DNOW INC United States BMH0MV1 11.86 2,380,622 28,234,176.92
    0.07 CASH United States 1.00 9,114,124 9,114,123.76
    0.03 OTHER PAYABLE & RECEIVABLES United States 1.00 3,520,367 3,520,367.01
    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 02/26/26

    Return on Equity 15.10%
    Weighted Avg. Market Cap 45,691 M
    2025 2026
    Price-to-earnings 30.07 24.92
    Price-to-book value 3.96 3.57

    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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