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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 03/19/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $11.43 billion
    NAV $49.98

    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 03/19/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Shares Outstanding 228,670,000
    Number of Holdings 100
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 03/19/26

    30-Day SEC Yield 0.46%
    Distribution Frequency Semi Annually
     Distribution History

    ETF Prices As of 03/19/26

    NAV $49.98 Daily Change -$0.30 -0.60%
    Market Price $49.99 Daily Change -$0.32 -0.64%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 02/27/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE 8.59% 21.50% 15.32% 38.32% 50.57% 290.05% 03/06/17
    Returns (as of 03/18/26)
    		Return PAVE Return Index
    Since Inception 255.99% 273.53%
    12 Months 37.15% 37.63%
    24 Months 30.27% 31.35%
    Last 60 Trading Days 5.78% 5.82%
    Last 75 Trading Days 9.74% 9.84%
    Monthly Returns (through 03/18/26)
    		Return PAVE Return Index
    Mar 2026 -8.70% -8.72%
    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%
    Mar 2024 5.53% 5.57%

    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 03/19/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.82 PWR QUANTA SERVICES INC United States 2150204 577.95 755,938 436,894,367.10
    3.44 SRE SEMPRA United States 2138158 95.25 4,128,413 393,231,338.25
    3.36 DE DEERE & CO United States 2261203 567.58 678,093 384,872,024.94
    3.36 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 423.03 907,621 383,950,911.63
    3.34 ETN EATON CORP PLC United States B8KQN82 360.23 1,060,845 382,148,194.35
    3.33 CSX CSX CORP United States 2160753 38.49 9,893,436 380,798,351.64
    3.32 HWM HOWMET AEROSPACE INC United States BKLJ8V2 232.94 1,627,784 379,176,004.96
    3.13 UNP UNION PACIFIC CORP United States 2914734 234.18 1,529,784 358,244,817.12
    3.08 FAST FASTENAL CO United States 2332262 44.49 7,906,130 351,743,723.70
    2.98 NSC NORFOLK SOUTHERN CORP United States 2641894 278.19 1,225,125 340,817,523.75
    2.96 PH PARKER HANNIFIN CORP United States 2671501 900.01 376,173 338,559,461.73
    2.68 EMR EMERSON ELECTRIC CO United States 2313405 129.90 2,358,375 306,352,912.50
    2.59 ROK ROCKWELL AUTOMATION INC United States 2754060 355.73 833,165 296,381,785.45
    2.51 CRH CRH PLC United States B01ZKD6 101.02 2,846,554 287,558,885.08
    2.33 URI UNITED RENTALS INC United States 2134781 719.95 370,667 266,861,706.65
    2.26 NUE NUCOR CORP United States 2651086 161.95 1,593,841 258,122,549.95
    2.08 MLM MARTIN MARIETTA MATERIALS United States 2572079 567.47 419,663 238,146,162.61
    2.07 VMC VULCAN MATERIALS CO United States 2931205 257.02 921,256 236,781,217.12
    2.05 EME EMCOR GROUP INC United States 2474164 751.33 312,268 234,616,316.44
    1.82 AMRZ AMRIZE LTD United States BV5F675 54.14 3,853,870 208,648,521.80
    1.60 HUBB HUBBELL INC United States BDFG6S3 492.65 370,537 182,545,053.05
    1.50 MTZ MASTEC INC United States 2155306 312.72 550,125 172,035,090.00
    1.49 STLD STEEL DYNAMICS INC United States 2849472 167.56 1,018,190 170,607,916.40
    1.34 WWD WOODWARD INC United States 2948089 367.99 417,419 153,606,017.81
    1.22 ATI ATI INC United States 2526117 147.54 947,276 139,761,101.04
    1.15 CRS CARPENTER TECHNOLOGY United States 2177504 378.16 347,349 131,353,497.84
    1.07 FTV FORTIVE CORP United States BYT3MK1 55.55 2,210,544 122,795,719.20
    1.04 RBC RBC BEARINGS INC United States B0GLYB5 540.83 220,437 119,218,942.71
    0.96 TRMB TRIMBLE INC United States 2903958 66.68 1,654,978 110,353,933.04
    0.94 RS RELIANCE INC United States 2729068 294.80 363,959 107,295,113.20
    0.93 AA ALCOA CORP United States BYNF418 58.65 1,805,601 105,898,498.65
    0.92 J JACOBS SOLUTIONS INC United States BNGC0D3 128.02 821,753 105,200,819.06
    0.88 PNR PENTAIR PLC United States BLS09M3 88.49 1,138,976 100,787,986.24
    0.87 WLK WESTLAKE CORPORATION United States B01ZP20 111.23 894,367 99,480,441.41
    0.86 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 256.77 383,675 98,516,229.75
    0.86 IEX IDEX CORP United States 2456612 187.38 521,607 97,738,719.66
    0.85 GGG GRACO INC United States 2380443 84.28 1,155,476 97,383,517.28
    0.85 CSL CARLISLE COS INC United States 2176318 332.82 291,358 96,969,769.56
    0.81 STRL STERLING INFRASTRUCTURE INC United States 2632876 431.78 214,170 92,474,322.60
    0.76 WCC WESCO INTERNATIONAL INC United States 2416973 258.04 339,188 87,524,071.52
    0.75 RPM RPM INTERNATIONAL INC United States 2756174 96.57 892,110 86,151,062.70
    0.75 RRX REGAL REXNORD CORP United States 2730082 185.41 462,885 85,823,507.85
    0.74 MLI MUELLER INDUSTRIES INC United States 2609717 109.94 773,514 85,040,129.16
    0.72 ACM AECOM United States B1VZ431 90.32 918,104 82,923,153.28
    0.64 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 134.65 542,218 73,009,653.70
    0.63 DY DYCOM INDUSTRIES INC United States 2289841 355.60 201,915 71,800,974.00
    0.62 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 202.36 347,465 70,313,017.40
    0.61 CR CRANE CO United States BNYD4F8 174.28 401,756 70,018,035.68
    0.59 BLD TOPBUILD CORP United States BZ0P3W2 346.98 195,864 67,960,890.72
    0.57 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 84.49 771,025 65,143,902.25
    0.50 AYI ACUITY INC United States 2818461 267.80 212,792 56,985,697.60
    0.49 TTEK TETRA TECH INC United States 2883890 30.91 1,821,020 56,287,728.20
    0.48 VMI VALMONT INDUSTRIES United States 2926825 396.46 137,354 54,455,366.84
    0.47 PRIM PRIMORIS SERVICES CORP United States B1GC200 143.08 376,713 53,900,096.04
    0.45 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 44.04 1,165,752 51,339,718.08
    0.41 CMC COMMERCIAL METALS CO United States 2213260 61.15 773,298 47,287,172.70
    0.41 AGX ARGAN INC United States 2804501 479.90 96,720 46,415,928.00
    0.40 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 117.51 384,941 45,234,416.91
    0.39 POWL POWELL INDUSTRIES INC United States 2697422 525.40 84,700 44,501,380.00
    0.35 GRC GORMAN-RUPP CO United States 2379281 60.51 658,568 39,849,949.68
    0.35 EXP EAGLE MATERIALS INC United States 2191399 176.99 223,629 39,580,096.71
    0.34 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 273.66 141,700 38,777,622.00
    0.33 TRN TRINITY INDUSTRIES INC United States 2904627 29.73 1,283,227 38,150,338.71
    0.33 CTRI CENTURI HOLDINGS INC United States BMDPVF7 30.40 1,249,558 37,986,563.20
    0.33 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 113.24 334,326 37,859,076.24
    0.33 LGN LEGENCE CORP-CL A United States BT6CC17 51.49 728,264 37,498,313.36
    0.33 KNF KNIFE RIVER CORP United States BPLL4V5 79.97 466,566 37,311,283.02
    0.32 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 262.68 141,496 37,168,169.28
    0.32 ASTE ASTEC INDUSTRIES INC United States 2060370 51.50 711,724 36,657,344.62
    0.32 CENX CENTURY ALUMINUM COMPANY United States 2186254 49.65 733,682 36,427,311.30
    0.32 GVA GRANITE CONSTRUCTION INC United States 2381189 120.14 303,697 36,486,157.58
    0.32 NWPX NWPX INFRASTRUCTURE INC United States 2035925 71.56 508,193 36,363,750.12
    0.32 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 27.56 1,315,406 36,252,589.36
    0.31 DXPE DXP ENTERPRISES INC United States 2276627 131.16 268,360 35,198,097.60
    0.31 GBX GREENBRIER COMPANIES INC United States 2387530 50.52 694,799 35,101,245.48
    0.31 LPX LOUISIANA-PACIFIC CORP United States 2535243 72.25 485,572 35,082,577.00
    0.31 ACA ARCOSA INC United States BGPZ5W8 102.17 341,963 34,938,359.71
    0.30 MDU MDU RESOURCES GROUP INC United States 2547323 20.40 1,707,358 34,830,103.20
    0.30 MTX MINERALS TECHNOLOGIES INC United States 2595612 67.24 518,638 34,873,219.12
    0.29 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 6.27 5,353,022 33,563,447.94
    0.29 TPC TUTOR PERINI CORP United States 2681760 72.31 461,471 33,368,968.01
    0.29 TEX TEREX CORP United States 2884224 57.90 575,456 33,318,902.40
    0.28 CLF CLEVELAND-CLIFFS INC United States BYVZ186 8.18 3,972,240 32,492,923.20
    0.28 IIIN INSTEEL INDUSTRIES INC United States 2325875 31.21 1,038,845 32,422,352.45
    0.28 MTRN MATERION CORP United States 2149622 135.42 238,165 32,252,304.30
    0.28 CALX CALIX INC United States B3S4L67 50.63 635,082 32,154,201.66
    0.28 USLM UNITED STATES LIME & MINERAL United States 2724115 118.43 270,517 32,037,328.31
    0.27 TTAM TITAN AMERICA SA United States BNM4XQ7 14.71 2,077,208 30,555,729.68
    0.27 EXPO EXPONENT INC United States 2330318 65.15 469,309 30,575,481.35
    0.27 BMI BADGER METER INC United States 2069128 148.41 205,674 30,524,078.34
    0.27 CSW CSW INDUSTRIALS INC United States BYQD1J6 262.80 116,342 30,574,677.60
    0.26 TITN TITAN MACHINERY INC United States B29H3T5 14.15 2,112,023 29,874,565.34
    0.25 DNOW DNOW INC United States BMH0MV1 11.80 2,414,436 28,490,344.80
    0.24 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 40.03 691,545 27,682,546.35
    0.24 ATKR ATKORE INC United States BDHF495 56.79 482,067 27,376,584.93
    0.24 WNC WABASH NATIONAL CORP United States 2932048 7.86 3,423,880 26,911,696.80
    0.23 MTUS METALLUS INC United States BNBPMX1 14.90 1,734,170 25,839,133.00
    0.21 HRI HERC HOLDINGS INC United States BZBZ020 103.11 231,963 23,917,704.93
    0.21 RYZ RYERSON HOLDING CORP United States B3TPPZ6 20.14 1,180,071 23,766,629.94
    0.21 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 14.20 1,666,846 23,669,213.20
    0.07 OTHER PAYABLE & RECEIVABLES United States 1.00 7,978,687 7,978,686.90
    0.00 CASH United States 1.00 445,367 445,366.86
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 02/28/26

    Sector Weight (%)
    Industrials 72.0
    Materials 22.5
    Utilities 3.4
    Information Technology 1.4
    Consumer Discretionary 0.7

    Source: AltaVista Research, LLC

    ETF Characteristics As of 03/19/26

    Return on Equity 15.10%
    Weighted Avg. Market Cap 45,691 M
    2025 2026
    Price-to-earnings 27.17 22.52
    Price-to-book value 3.58 3.22

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 02/28/26

    Versus Beta
    S&P 500 1.01
    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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