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    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Morningstar Rating™ - Overall rating out of 95 Infrastructure funds, based on risk-adjusted returns as of 10/31/24

    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 11/22/24

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $9.55 billion
    NAV $45.37

    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 11/22/24

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe
    Shares Outstanding 210,440,000
    Number of Holdings 103
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 11/22/24

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

    ETF Prices As of 11/22/24

    NAV $45.37 Daily Change $0.55 1.23%
    Market Price $45.38 Daily Change $0.57 1.27%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 10/31/24)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE -0.05% 9.98% 19.68% 43.82% 49.34% 187.52% 03/06/17
    Returns (as of 11/21/24)
    		Return PAVE Return Index
    Since Inception 213.32% 226.70%
    12 Months 43.18% 44.10%
    24 Months 62.72% 64.92%
    Last 60 Trading Days 16.02% 16.13%
    Last 75 Trading Days 22.83% 22.97%
    Monthly Returns (through 11/21/24)
    		Return PAVE Return Index
    Nov 2024 8.96% 9.01%
    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 -4.16% -4.16%
    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%
    Sep 2023 -5.90% -5.84%
    Aug 2023 -0.36% -0.32%
    Jul 2023 3.08% 3.12%
    Jun 2023 15.49% 15.55%
    May 2023 -1.18% -1.14%
    Apr 2023 -2.56% -2.56%
    Mar 2023 -2.93% -2.90%
    Feb 2023 0.80% 0.89%
    Jan 2023 9.27% 9.36%
    Dec 2022 -4.67% -4.63%
    Nov 2022 7.95% 7.97%

    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 11/22/24

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.73 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 417.49 853,427 356,297,238.23
    3.51 ETN EATON CORP PLC United States B8KQN82 377.41 888,195 335,213,674.95
    3.41 PH PARKER HANNIFIN CORP United States 2671501 706.87 460,583 325,572,305.21
    3.37 PWR QUANTA SERVICES INC United States 2150204 341.92 941,384 321,878,017.28
    3.32 URI UNITED RENTALS INC United States 2134781 849.32 373,771 317,451,185.72
    3.31 HWM HOWMET AEROSPACE INC United States BKLJ8V2 118.44 2,667,914 315,987,734.16
    3.07 EMR EMERSON ELECTRIC CO United States 2313405 130.07 2,255,827 293,415,417.89
    2.97 SRE SEMPRA United States 2138158 94.27 3,012,626 284,000,253.02
    2.70 FAST FASTENAL CO United States 2332262 83.08 3,108,495 258,253,764.60
    2.70 MLM MARTIN MARIETTA MATERIALS United States 2572079 597.81 431,840 258,158,270.40
    2.61 DE DEERE & CO United States 2261203 446.65 557,656 249,077,052.40
    2.56 VMC VULCAN MATERIALS CO United States 2931205 284.61 861,039 245,060,309.79
    2.52 NSC NORFOLK SOUTHERN CORP United States 2641894 268.95 894,501 240,576,043.95
    2.32 CSX CSX CORP United States 2160753 35.78 6,193,399 221,599,816.22
    2.25 UNP UNION PACIFIC CORP United States 2914734 242.39 888,049 215,254,197.11
    2.16 ROK ROCKWELL AUTOMATION INC United States 2754060 290.86 710,228 206,576,916.08
    2.00 NUE NUCOR CORP United States 2651086 151.92 1,258,325 191,164,734.00
    1.87 FTV FORTIVE CORP United States BYT3MK1 78.42 2,277,664 178,614,410.88
    1.68 HUBB HUBBELL INC United States BDFG6S3 460.81 347,523 160,142,073.63
    1.61 EME EMCOR GROUP INC United States 2474164 504.92 304,890 153,945,058.80
    1.58 STLD STEEL DYNAMICS INC United States 2849472 143.57 1,048,837 150,581,528.09
    1.49 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 178.52 799,523 142,730,845.96
    1.48 CSL CARLISLE COS INC United States 2176318 449.65 315,564 141,893,352.60
    1.24 RS RELIANCE INC United States 2729068 319.27 372,588 118,956,170.76
    1.22 TRMB TRIMBLE INC United States 2903958 72.32 1,612,698 116,630,319.36
    1.20 RPM RPM INTERNATIONAL INC United States 2756174 137.87 835,487 115,188,592.69
    1.20 PNR PENTAIR PLC United States BLS09M3 106.93 1,071,629 114,589,288.97
    1.19 IEX IDEX CORP United States 2456612 232.50 490,273 113,988,472.50
    1.18 J JACOBS SOLUTIONS INC United States BNGC0D3 137.36 818,926 112,487,675.36
    1.13 WLK Westlake Corporation United States B01ZP20 130.45 830,755 108,371,989.75
    1.07 ACM AECOM United States B1VZ431 116.31 881,709 102,551,573.79
    1.04 GGG GRACO INC United States 2380443 91.08 1,094,398 99,677,769.84
    0.84 POWL POWELL INDUSTRIES INC United States 2697422 289.88 275,821 79,954,991.48
    0.83 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 213.52 370,990 79,213,784.80
    0.82 AGX ARGAN INC United States 2804501 158.63 491,708 77,999,640.04
    0.80 BLD TOPBUILD CORP United States BZ0P3W2 373.05 206,086 76,880,382.30
    0.80 RRX REGAL REXNORD CORP United States 2730082 177.37 430,305 76,323,197.85
    0.76 MTZ MASTEC INC United States 2155306 142.15 511,227 72,670,918.05
    0.76 TPC TUTOR PERINI CORP United States 2681760 28.52 2,547,359 72,650,678.68
    0.74 EXP EAGLE MATERIALS INC United States 2191399 314.35 225,463 70,874,294.05
    0.74 USLM US LIME & MINERA United States 2724115 149.73 472,789 70,790,696.97
    0.74 TTEK TETRA TECH INC United States 2883890 40.96 1,726,889 70,733,373.44
    0.73 WCC WESCO INTERNATIONAL INC United States 2416973 209.86 331,313 69,529,346.18
    0.72 WWD WOODWARD INC United States 2948089 176.05 389,552 68,580,629.60
    0.71 CR CRANE CO United States BNYD4F8 184.36 368,517 67,939,794.12
    0.70 WMS ADVANCED DRAINAG United States BP7RS59 131.85 505,387 66,635,275.95
    0.68 AYI ACUITY BRANDS INC United States 2818461 326.24 199,890 65,212,113.60
    0.68 MLI MUELLER INDUSTRIES INC United States 2609717 87.90 736,354 64,725,516.60
    0.66 RBC RBC BEARINGS INC United States B0GLYB5 336.82 188,046 63,337,653.72
    0.64 CRS CARPENTER TECHNOLOGY United States 2177504 190.97 321,212 61,341,855.64
    0.62 STRL STERLING INFRAST United States 2632876 196.51 300,292 59,010,380.92
    0.59 X UNITED STATES STEEL CORP United States 2824770 39.03 1,447,710 56,504,121.30
    0.58 PRIM PRIMORIS SERVICES CORP United States B1GC200 82.99 665,954 55,267,522.46
    0.57 LPX LOUISIANA-PACIFIC CORP United States 2535243 115.89 467,947 54,230,377.83
    0.55 AA ALCOA CORP United States BYNF418 45.47 1,152,430 52,400,992.10
    0.55 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 176.01 296,234 52,140,146.34
    0.54 ROAD CONSTRUCTION P-A United States BDT5M66 99.98 516,940 51,683,661.20
    0.51 ATI ATI Inc United States 2526117 59.30 827,997 49,100,222.10
    0.50 DXPE DXP ENTERPRISES INC United States 2276627 71.33 669,124 47,728,614.92
    0.50 GVA GRANITE CONSTRUCTION INC United States 2381189 99.29 477,671 47,427,953.59
    0.48 VMI VALMONT INDUSTRIES United States 2926825 342.09 135,576 46,379,193.84
    0.48 CMC COMMERCIAL METALS CO United States 2213260 61.22 755,480 46,250,485.60
    0.47 ZWS Zurn Elkay Water Solution United States BMV1ZD3 39.93 1,121,771 44,792,316.03
    0.45 CSWI CSW INDUSTRIALS INC United States BYQD1J6 426.66 101,340 43,237,724.40
    0.45 CENX CENTURY ALUMINUM COMPANY United States 2186254 22.49 1,910,343 42,954,062.36
    0.44 NWPX NORTHWEST PIPE CO United States 2035925 56.29 753,492 42,414,064.68
    0.44 BMI BADGER METER INC United States 2069128 221.00 189,383 41,853,643.00
    0.43 CLF CLEVELAND-CLIFFS INC United States BYVZ186 12.46 3,278,289 40,847,480.94
    0.43 HRI HERC HOLDINGS INC United States BZBZ020 222.92 182,687 40,724,586.04
    0.42 SUM SUMMIT MATERIA-A United States BW9JPS4 51.66 771,553 39,858,427.98
    0.40 CASH United States 1.00 38,184,146 38,184,146.01
    0.40 MWA MUELLER WATER-A United States B15RZR4 25.18 1,513,328 38,105,599.04
    0.39 KNF KNIFE RIVER CORP United States BPLL4V5 102.65 364,653 37,431,630.45
    0.36 ACA ARCOSA INC United States BGPZ5W8 110.58 314,828 34,813,680.24
    0.36 DY DYCOM INDUSTRIES INC United States 2289841 180.30 189,329 34,136,018.70
    0.34 DNOW DNOW INC United States BMH0MV1 14.95 2,183,513 32,643,519.35
    0.34 EXPO EXPONENT INC United States 2330318 98.04 327,201 32,078,786.04
    0.33 TRN TRINITY INDUSTRIES INC United States 2904627 37.55 841,883 31,612,706.65
    0.33 GBX GREENBRIER COMPANIES INC United States 2387530 66.65 470,102 31,332,298.30
    0.30 MRC MRC GLOBAL INC United States B7M66F1 14.06 2,076,235 29,191,864.10
    0.29 GRC GORMAN-RUPP CO United States 2379281 42.58 648,356 27,606,998.48
    0.28 MTX MINERALS TECHNOLOGIES INC United States 2595612 83.39 324,975 27,099,665.25
    0.27 MDU MDU RESOURCES GROUP INC United States 2547323 19.94 1,314,233 26,205,806.02
    0.26 HEES H&E EQUIPMENT SE United States B0WR848 58.76 422,997 24,855,303.72
    0.25 ASTE ASTEC INDUSTRIES INC United States 2060370 38.25 615,687 23,550,027.75
    0.25 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 151.05 155,822 23,536,913.10
    0.24 TEX TEREX CORP United States 2884224 53.80 433,018 23,296,368.40
    0.23 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 38.53 572,773 22,068,943.69
    0.23 CXT CRANE NXT CO United States BQ7W2W6 60.11 366,116 22,007,232.76
    0.22 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 65.07 329,241 21,423,711.87
    0.22 ATKR Atkore Inc United States BDHF495 89.69 238,643 21,403,890.67
    0.22 MTRN MATERION CORP United States 2149622 116.76 180,885 21,120,132.60
    0.21 AMTM AMENTUM HOLDINGS INC United States BMZLFJ5 24.43 815,436 19,921,101.48
    0.20 CTOS CUSTOM TRUCK ONE United States BL66YS4 5.72 3,408,589 19,497,129.08
    0.20 IIIN INSTEEL INDUSTRIES INC United States 2325875 30.47 631,923 19,254,693.81
    0.20 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 71.03 268,763 19,090,235.89
    0.17 MTUS METALLUS INC United States BNBPMX1 15.54 1,058,088 16,442,687.52
    0.17 RYI RYERSON HOLDING CORP United States B3TPPZ6 25.38 646,848 16,417,002.24
    0.17 WNC WABASH NATIONAL CORP United States 2932048 19.31 849,824 16,410,101.44
    0.17 CALX CALIX INC United States B3S4L67 33.23 485,958 16,148,384.34
    0.13 TITN TITAN MACHINERY INC United States B29H3T5 15.14 797,485 12,073,922.90
    0.11 RTYZ4 Index E-MINI RUSS 2000 DEC24 United States 120,680.00 85 10,257,800.00
    -0.29 OTHER PAYABLE & RECEIVABLES United States 1.00 -27,866,426 -27,866,425.95
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 10/31/24

    Sector Weight (%)
    Industrials 74.2
    Materials 20.2
    Utilities 3.0
    Information Technology 1.8
    Consumer Discretionary 0.8

    Source: AltaVista Research, LLC

    ETF Characteristics As of 11/21/24

    Return on Equity 14.90%
    Weighted Avg. Market Cap 39,293 M
    2023 2024
    Price-to-earnings 24.23 23.98
    Price-to-book value 3.80 3.38

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 10/31/24

    Versus Beta
    S&P 500 1.23
    MSCI EAFE 1.13
    MSCI Emg. Mkts 0.76
    Standard Deviation 24.50%

    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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