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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 11/03/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $14.20 billion
    NAV $54.82

    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 11/03/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Number of Holdings 98

    Distributions As of 11/03/26

    30-Day SEC Yield 0.55%
    Distribution Frequency Semi Annually
     Distribution History

    ETF Prices As of 11/03/26

    NAV $54.82 Daily Change $0.37 0.68%
    Market Price $54.83 Daily Change $0.38 0.70%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 10/30/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE 2.14% -5.63% 12.30% 11.96% 35.46% 279.81% 03/06/17
    Returns (as of 11/03/26)
    		Return PAVE Return Index
    Since Inception 288.82% 308.52%
    12 Months 16.87% 17.18%
    24 Months 24.79% 25.67%
    Last 60 Trading Days -5.95% -5.84%
    Last 75 Trading Days -1.59% -1.45%
    Monthly Returns (through 11/03/26)
    		Return PAVE Return Index
    Nov 2026 2.37% 2.37%
    Oct 2026 2.13% 2.16%
    Sep 2026 -4.15% -4.11%
    Aug 2026 -2.89% -2.84%
    Jul 2026 -4.37% -4.45%
    Jun 2026 4.75% 4.79%
    May 2026 -0.91% -0.89%
    Apr 2026 12.65% 12.75%
    Mar 2026 -7.74% -7.75%
    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%

    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 11/03/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.65 EMR EMERSON ELECTRIC CO United States 2313405 166.39 3,109,872 517,451,602.08
    3.60 NUE NUCOR CORP United States 2651086 273.53 1,868,630 511,126,363.90
    3.60 FAST FASTENAL CO United States 2332262 52.33 9,764,261 510,963,778.13
    3.47 DE DEERE & CO United States 2261203 665.83 738,703 491,850,618.49
    3.27 URI UNITED RENTALS INC United States 2134781 1,175.17 395,378 464,636,364.26
    3.19 PWR QUANTA SERVICES INC United States 2150204 657.00 689,238 452,829,366.00
    3.17 UNP UNION PACIFIC CORP United States 2914734 303.43 1,480,695 449,287,283.85
    3.11 NSC NORFOLK SOUTHERN CORP United States 2641894 340.95 1,292,844 440,795,161.80
    3.08 ROK ROCKWELL AUTOMATION INC United States 2754060 446.38 978,231 436,662,753.78
    3.05 CSX CSX CORP United States 2160753 50.72 8,532,872 432,787,267.84
    3.04 PH PARKER HANNIFIN CORP United States 2671501 944.99 457,264 432,109,907.36
    3.03 CRH CRH PLC United States B01ZKD6 93.53 4,597,238 429,979,670.14
    3.00 ETN EATON CORP PLC United States B8KQN82 391.70 1,085,494 425,187,999.80
    2.90 SRE SEMPRA United States 2138158 85.36 4,822,564 411,654,063.04
    2.76 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 417.44 939,358 392,125,603.52
    2.47 HWM HOWMET AEROSPACE INC United States BKLJ8V2 223.12 1,569,620 350,213,614.40
    2.19 VMC VULCAN MATERIALS CO United States 2931205 284.60 1,094,067 311,371,468.20
    2.12 STLD STEEL DYNAMICS INC United States 2849472 247.66 1,215,978 301,149,111.48
    1.94 MLM MARTIN MARIETTA MATERIALS United States 2572079 543.77 506,302 275,311,838.54
    1.87 EME EMCOR GROUP INC United States 2474164 707.43 374,708 265,079,680.44
    1.46 ATI ATI INC United States 2526117 180.33 1,150,691 207,504,108.03
    1.41 HUBB HUBBELL INC United States BDFG6S3 449.27 445,550 200,172,248.50
    1.38 AMRZ AMRIZE LTD United States BV5F675 41.97 4,660,575 195,604,332.75
    1.35 RS RELIANCE INC United States 2729068 443.84 430,436 191,044,714.24
    1.21 FTV FORTIVE CORP United States BYT3MK1 66.81 2,570,532 171,737,242.92
    1.18 WWD WOODWARD INC United States 2948089 332.69 502,387 167,139,131.03
    1.12 J JACOBS SOLUTIONS INC United States BNGC0D3 159.85 995,632 159,151,775.20
    1.04 IEX IDEX CORP United States 2456612 237.36 624,080 148,131,628.80
    1.02 WCC WESCO INTERNATIONAL INC United States 2416973 351.61 410,673 144,396,733.53
    0.93 RBC RBC BEARINGS INC United States B0GLYB5 496.04 266,740 132,313,709.60
    0.93 CSL CARLISLE COS INC United States 2176318 387.31 341,194 132,147,848.14
    0.93 MTZ MASTEC INC United States 2155306 198.10 666,273 131,988,681.30
    0.93 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 284.55 461,957 131,449,864.35
    0.91 TRMB TRIMBLE INC United States 2903958 65.61 1,965,557 128,960,194.77
    0.88 CRS CARPENTER TECHNOLOGY United States 2177504 296.72 418,939 124,307,580.08
    0.80 RPM RPM INTERNATIONAL INC United States 2756174 105.35 1,076,130 113,370,295.50
    0.73 MLI MUELLER INDUSTRIES INC United States 2609717 55.55 1,864,625 103,579,918.75
    0.71 RRX REGAL REXNORD CORP United States 2730082 179.93 561,307 100,995,968.51
    0.71 CR CRANE CO United States BNYD4F8 206.70 486,904 100,643,056.80
    0.67 PNR PENTAIR PLC United States BLS09M3 69.73 1,362,634 95,016,468.82
    0.66 GGG GRACO INC United States 2380443 69.16 1,365,569 94,442,752.04
    0.66 STRL STERLING INFRASTRUCTURE INC United States 2632876 361.14 258,740 93,442,657.30
    0.62 AA ALCOA CORP United States BYNF418 39.49 2,225,093 87,868,922.57
    0.62 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 136.00 646,261 87,891,496.00
    0.61 TTEK TETRA TECH INC United States 2883890 39.41 2,188,274 86,239,878.34
    0.59 AYI ACUITY INC United States 2818461 331.26 252,414 83,614,661.64
    0.52 WLK WESTLAKE CORPORATION United States B01ZP20 68.47 1,080,314 73,969,099.58
    0.51 ACM AECOM United States B1VZ431 66.25 1,083,684 71,794,065.00
    0.50 VMI VALMONT INDUSTRIES United States 2926825 437.88 163,688 71,675,701.44
    0.49 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 163.45 422,135 68,997,965.75
    0.48 CLF CLEVELAND-CLIFFS INC United States BYVZ186 14.14 4,809,642 68,008,337.88
    0.46 EXPO EXPONENT INC United States 2330318 85.97 751,286 64,588,057.42
    0.44 FPS FORGENT POWER SOLUTIONS-CL A United States BV9C843 27.14 2,314,761 62,822,613.54
    0.44 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 44.12 1,407,033 62,078,295.96
    0.44 CMC COMMERCIAL METALS CO United States 2213260 66.38 932,765 61,916,940.70
    0.41 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 63.61 906,927 57,689,626.47
    0.41 DY DYCOM INDUSTRIES INC United States 2289841 228.21 253,222 57,787,792.62
    0.39 BMI BADGER METER INC United States 2069128 152.58 365,762 55,807,965.96
    0.39 TEX TEREX CORP United States 2884224 57.52 962,913 55,386,755.76
    0.39 TITN TITAN MACHINERY INC United States B29H3T5 23.25 2,374,191 55,199,940.75
    0.37 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 18.15 2,901,613 52,664,275.95
    0.36 USLM UNITED STATES LIME & MINERAL United States 2724115 121.04 423,154 51,218,560.16
    0.36 DNOW DNOW INC United States BMH0MV1 16.10 3,129,311 50,381,907.10
    0.35 POWL POWELL INDUSTRIES INC United States 2697422 163.34 307,188 50,176,087.92
    0.35 EXP EAGLE MATERIALS INC United States 2191399 192.76 260,504 50,214,751.04
    0.35 GVA GRANITE CONSTRUCTION INC United States 2381189 133.31 368,863 49,173,126.53
    0.34 RYZ RYERSON HOLDING CORP United States B3TPPZ6 32.01 1,516,735 48,550,687.35
    0.34 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 112.73 430,378 48,516,511.94
    0.34 HRI HERC HOLDINGS INC United States BZBZ020 170.01 281,567 47,869,205.67
    0.33 DXPE DXP ENTERPRISES INC United States 2276627 179.49 257,779 46,268,752.71
    0.32 LPX LOUISIANA-PACIFIC CORP United States 2535243 73.79 624,645 46,092,554.55
    0.31 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 10.62 4,141,734 43,985,215.08
    0.31 CSW CSW INDUSTRIALS INC United States BYQD1J6 279.50 155,231 43,387,064.50
    0.30 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 311.51 138,301 43,082,144.51
    0.30 MTUS METALLUS INC United States BNBPMX1 19.69 2,183,236 42,987,916.84
    0.30 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 23.57 1,811,178 42,689,465.46
    0.30 TPC TUTOR PERINI CORP United States 2681760 82.85 514,057 42,589,622.45
    0.30 GRC GORMAN-RUPP CO United States 2379281 74.96 565,966 42,424,811.36
    0.30 MDU MDU RESOURCES GROUP INC United States 2547323 19.65 2,130,591 41,866,113.15
    0.30 CALX CALIX INC United States B3S4L67 33.25 1,259,776 41,887,552.00
    0.29 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 96.29 433,125 41,705,606.25
    0.29 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 40.88 1,015,366 41,508,162.08
    0.29 AGX ARGAN INC United States 2804501 348.24 118,212 41,166,146.88
    0.28 MWH SOLV ENERGY INC-CL A United States BWTRBN5 26.81 1,505,831 40,371,329.11
    0.28 IIIN INSTEEL INDUSTRIES INC United States 2325875 28.56 1,393,817 39,807,413.52
    0.28 PRIM PRIMORIS SERVICES CORP United States B1GC200 79.57 497,207 39,562,760.99
    0.28 MTX MINERALS TECHNOLOGIES INC United States 2595612 63.44 615,521 39,048,652.24
    0.27 WNC WABASH NATIONAL CORP United States 2932048 11.42 3,388,127 38,692,410.34
    0.27 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 291.59 131,292 38,283,434.28
    0.26 TRN TRINITY INDUSTRIES INC United States 2904627 29.87 1,225,509 36,605,953.83
    0.26 TTAM TITAN AMERICA SA United States BNM4XQ7 13.68 2,653,838 36,304,503.84
    0.26 GBX GREENBRIER COMPANIES INC United States 2387530 41.56 874,315 36,336,531.40
    0.25 CTRI CENTURI HOLDINGS INC United States BMDPVF7 21.98 1,627,379 35,769,790.42
    0.24 KNF KNIFE RIVER CORP United States BPLL4V5 58.53 580,317 33,965,954.01
    0.23 NWPX NWPX INFRASTRUCTURE INC United States 2035925 96.18 339,423 32,645,704.14
    0.23 CENX CENTURY ALUMINUM COMPANY United States 2186254 33.33 972,008 32,397,026.64
    0.23 ASTE ASTEC INDUSTRIES INC United States 2060370 40.06 801,531 32,109,331.86
    0.18 LGN LEGENCE CORP-CL A United States BT6CC17 39.16 648,127 25,380,653.32
    0.00 CASH United States 1.00 242,774 242,773.83
    0.00 OTHER PAYABLE & RECEIVABLES United States 1.00 44,083 44,082.61
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 10/31/26

    Sector Weight (%)
    Industrials 71.2
    Materials 23.7
    Utilities 3.5
    Information Technology 1.6

    Source: AltaVista Research, LLC

    ETF Characteristics As of 11/03/26

    Return on Equity 15.10%
    Weighted Avg. Market Cap 54,729 M
    2025 2026
    Price-to-earnings 29.96 23.04
    Price-to-book value 3.69 3.30

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 10/31/26

    Versus Beta
    S&P 500 1.11
    MSCI EAFE 0.92
    MSCI Emg. Mkts 0.53
    Standard Deviation 20.60%

    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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