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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 06/10/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $13.32 billion
    NAV $55.29

    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 06/10/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Shares Outstanding 240,950,000
    Number of Holdings 100
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 06/10/26

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

    ETF Prices As of 06/10/26

    NAV $55.29 Daily Change -$1.91 -3.34%
    Market Price $55.30 Daily Change -$1.87 -3.27%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 05/29/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE -0.93% 19.88% 17.86% 36.90% 51.14% 298.62% 03/06/17
    Returns (as of 06/10/26)
    		Return PAVE Return Index
    Since Inception 291.46% 311.21%
    12 Months 31.11% 31.63%
    24 Months 55.22% 56.51%
    Last 60 Trading Days 11.05% 11.21%
    Last 75 Trading Days 0.14% 0.27%
    Monthly Returns (through 06/10/26)
    		Return PAVE Return Index
    Jun 2026 -1.79% -1.78%
    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%
    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%

    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 06/10/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.89 PWR QUANTA SERVICES INC United States 2150204 650.92 796,496 518,455,176.32
    3.64 CSX CSX CORP United States 2160753 46.41 10,435,453 484,309,373.73
    3.23 UNP UNION PACIFIC CORP United States 2914734 267.03 1,610,452 430,038,997.56
    3.23 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 449.12 957,090 429,848,260.80
    3.21 HWM HOWMET AEROSPACE INC United States BKLJ8V2 249.49 1,715,114 427,903,791.86
    3.16 NUE NUCOR CORP United States 2651086 250.49 1,681,310 421,151,341.90
    3.15 ETN EATON CORP PLC United States B8KQN82 375.46 1,117,752 419,671,165.92
    3.10 URI UNITED RENTALS INC United States 2134781 1,056.35 390,549 412,556,436.15
    3.01 DE DEERE & CO United States 2261203 560.05 714,795 400,320,939.75
    2.99 NSC NORFOLK SOUTHERN CORP United States 2641894 308.93 1,290,141 398,563,259.13
    2.97 SRE SEMPRA United States 2138158 91.03 4,346,337 395,647,057.11
    2.90 ROK ROCKWELL AUTOMATION INC United States 2754060 440.07 877,857 386,318,529.99
    2.88 FAST FASTENAL CO United States 2332262 46.03 8,322,714 383,094,525.42
    2.61 PH PARKER HANNIFIN CORP United States 2671501 875.60 397,483 348,036,114.80
    2.56 EMR EMERSON ELECTRIC CO United States 2313405 137.11 2,484,905 340,705,324.55
    2.25 CRH CRH PLC United States B01ZKD6 99.98 2,999,268 299,866,814.64
    2.16 STLD STEEL DYNAMICS INC United States 2849472 268.34 1,072,805 287,876,493.70
    1.99 VMC VULCAN MATERIALS CO United States 2931205 272.67 970,677 264,674,497.59
    1.92 EME EMCOR GROUP INC United States 2474164 776.72 329,124 255,637,193.28
    1.84 MLM MARTIN MARIETTA MATERIALS United States 2572079 552.87 443,012 244,928,044.44
    1.54 AMRZ AMRIZE LTD United States BV5F675 50.51 4,060,629 205,102,370.79
    1.46 MTZ MASTEC INC United States 2155306 335.58 579,641 194,515,926.78
    1.44 CRS CARPENTER TECHNOLOGY United States 2177504 523.05 365,979 191,425,315.95
    1.37 ATI ATI INC United States 2526117 183.37 998,091 183,019,946.67
    1.37 HUBB HUBBELL INC United States BDFG6S3 467.59 390,413 182,553,214.67
    1.30 STRL STERLING INFRASTRUCTURE INC United States 2632876 770.25 225,653 173,809,223.25
    1.21 WWD WOODWARD INC United States 2948089 367.27 439,809 161,528,651.43
    1.14 RS RELIANCE INC United States 2729068 394.29 383,835 151,342,302.15
    1.05 FTV FORTIVE CORP United States BYT3MK1 60.06 2,327,332 139,779,559.92
    1.01 RBC RBC BEARINGS INC United States B0GLYB5 576.74 232,477 134,078,784.98
    0.94 AA ALCOA CORP United States BYNF418 65.55 1,900,717 124,591,999.35
    0.90 WCC WESCO INTERNATIONAL INC United States 2416973 334.19 357,390 119,436,164.10
    0.89 IEX IDEX CORP United States 2456612 214.50 549,891 117,951,619.50
    0.81 MLI MUELLER INDUSTRIES INC United States 2609717 132.44 815,568 108,013,825.92
    0.79 J JACOBS SOLUTIONS INC United States BNGC0D3 121.76 865,097 105,334,210.72
    0.77 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 253.22 404,265 102,367,983.30
    0.76 CSL CARLISLE COS INC United States 2176318 327.82 307,010 100,644,018.20
    0.74 RPM RPM INTERNATIONAL INC United States 2756174 104.28 940,896 98,116,634.88
    0.73 RRX REGAL REXNORD CORP United States 2730082 200.45 487,714 97,762,271.30
    0.71 DY DYCOM INDUSTRIES INC United States 2289841 445.89 212,751 94,863,543.39
    0.67 GGG GRACO INC United States 2380443 73.47 1,216,880 89,404,173.60
    0.66 TRMB TRIMBLE INC United States 2903958 50.60 1,741,666 88,128,299.60
    0.64 PNR PENTAIR PLC United States BLS09M3 71.40 1,202,188 85,836,223.20
    0.62 CR CRANE CO United States BNYD4F8 195.65 423,428 82,843,688.20
    0.62 WLK WESTLAKE CORPORATION United States B01ZP20 87.12 941,323 82,008,059.76
    0.62 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 223.63 366,103 81,871,613.89
    0.61 BLD TOPBUILD CORP United States BZ0P3W2 393.22 206,700 81,278,574.00
    0.56 VMI VALMONT INDUSTRIES United States 2926825 512.25 144,722 74,133,844.50
    0.56 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 129.50 571,316 73,985,422.00
    0.53 POWL POWELL INDUSTRIES INC United States 2697422 262.34 268,548 70,450,882.32
    0.50 ACM AECOM United States B1VZ431 68.58 966,264 66,266,385.12
    0.49 NWPX NWPX INFRASTRUCTURE INC United States 2035925 122.31 535,455 65,491,501.05
    0.47 AYI ACUITY INC United States 2818461 280.39 225,231 63,152,520.09
    0.46 LGN LEGENCE CORP-CL A United States BT6CC17 80.69 767,341 61,916,745.29
    0.46 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 407.22 149,298 60,797,131.56
    0.46 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 74.62 812,399 60,621,213.38
    0.45 AGX ARGAN INC United States 2804501 588.90 101,905 60,011,854.50
    0.45 CMC COMMERCIAL METALS CO United States 2213260 73.57 814,793 59,944,321.01
    0.44 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 10.27 5,640,224 57,925,100.48
    0.44 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 47.12 1,229,431 57,930,788.72
    0.42 MTRN MATERION CORP United States 2149622 224.05 250,933 56,221,538.65
    0.42 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 136.72 405,599 55,453,495.28
    0.41 GRC GORMAN-RUPP CO United States 2379281 79.45 693,907 55,130,911.15
    0.39 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 352.16 149,084 52,501,421.44
    0.39 TTEK TETRA TECH INC United States 2883890 27.15 1,917,340 52,055,781.00
    0.39 CLF CLEVELAND-CLIFFS INC United States BYVZ186 12.41 4,185,369 51,940,429.29
    0.38 EXP EAGLE MATERIALS INC United States 2191399 213.19 235,669 50,242,274.11
    0.34 TRN TRINITY INDUSTRIES INC United States 2904627 33.74 1,354,281 45,693,440.94
    0.34 CENX CENTURY ALUMINUM COMPANY United States 2186254 59.04 772,210 45,591,278.40
    0.34 DXPE DXP ENTERPRISES INC United States 2276627 160.40 282,808 45,362,403.20
    0.34 TITN TITAN MACHINERY INC United States B29H3T5 19.96 2,234,452 44,599,661.92
    0.33 ACA ARCOSA INC United States BGPZ5W8 122.85 360,312 44,264,329.20
    0.33 GVA GRANITE CONSTRUCTION INC United States 2381189 135.76 320,647 43,531,036.72
    0.31 MTX MINERALS TECHNOLOGIES INC United States 2595612 75.95 546,782 41,528,092.90
    0.29 ATKR ATKORE INC United States BDHF495 76.12 507,930 38,663,631.60
    0.28 MDU MDU RESOURCES GROUP INC United States 2547323 21.00 1,797,658 37,750,818.00
    0.28 PRIM PRIMORIS SERVICES CORP United States B1GC200 93.88 396,913 37,262,192.44
    0.28 CTRI CENTURI HOLDINGS INC United States BMDPVF7 28.19 1,316,611 37,115,264.09
    0.28 ASTE ASTEC INDUSTRIES INC United States 2060370 49.46 749,907 37,090,400.22
    0.28 LPX LOUISIANA-PACIFIC CORP United States 2535243 71.76 511,617 36,713,635.92
    0.28 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 104.26 352,386 36,739,764.36
    0.27 MTUS METALLUS INC United States BNBPMX1 19.77 1,834,749 36,272,987.73
    0.27 TEX TEREX CORP United States 2884224 59.51 606,327 36,082,519.77
    0.27 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 25.63 1,391,131 35,654,687.53
    0.27 KNF KNIFE RIVER CORP United States BPLL4V5 72.51 491,588 35,645,045.88
    0.27 RYZ RYERSON HOLDING CORP United States B3TPPZ6 28.64 1,243,397 35,610,890.08
    0.26 DNOW DNOW INC United States BMH0MV1 13.80 2,542,060 35,080,428.00
    0.26 HRI HERC HOLDINGS INC United States BZBZ020 141.38 244,406 34,554,120.28
    0.26 TTAM TITAN AMERICA SA United States BNM4XQ7 15.67 2,188,659 34,296,286.53
    0.26 GBX GREENBRIER COMPANIES INC United States 2387530 46.97 730,924 34,331,500.28
    0.25 TPC TUTOR PERINI CORP United States 2681760 68.72 486,227 33,413,519.44
    0.24 CSW CSW INDUSTRIALS INC United States BYQD1J6 265.76 122,583 32,577,658.08
    0.23 IIIN INSTEEL INDUSTRIES INC United States 2325875 27.82 1,096,206 30,496,450.92
    0.22 WNC WABASH NATIONAL CORP United States 2932048 8.26 3,607,588 29,798,676.88
    0.22 USLM UNITED STATES LIME & MINERAL United States 2724115 103.97 284,965 29,627,811.05
    0.21 BMI BADGER METER INC United States 2069128 128.43 216,510 27,806,379.30
    0.21 EXPO EXPONENT INC United States 2330318 55.37 494,593 27,385,614.41
    0.20 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 37.49 729,947 27,365,713.03
    0.19 CALX CALIX INC United States B3S4L67 38.59 669,162 25,822,961.58
    0.16 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 12.12 1,756,279 21,286,101.48
    0.06 OTHER PAYABLE & RECEIVABLES United States 1.00 7,275,842 7,275,841.68
    0.01 CASH United States 1.00 1,522,011 1,522,010.99
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 05/31/26

    Sector Weight (%)
    Industrials 71.9
    Materials 23.2
    Utilities 3.1
    Information Technology 1.1
    Consumer Discretionary 0.6
    Other/Cash 0.1

    Source: AltaVista Research, LLC

    ETF Characteristics As of 06/10/26

    Return on Equity 15.10%
    Weighted Avg. Market Cap 45,691 M
    2025 2026
    Price-to-earnings 30.05 24.91
    Price-to-book value 3.96 3.56

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 05/31/26

    Versus Beta
    S&P 500 1.17
    MSCI EAFE 0.89
    MSCI Emg. Mkts 0.62
    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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