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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 10/09/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $13.67 billion
    NAV $53.45

    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 10/09/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Number of Holdings 100

    Distributions As of 10/09/26

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

    ETF Prices As of 10/09/26

    NAV $53.45 Daily Change $0.25 0.47%
    Market Price $53.45 Daily Change $0.20 0.38%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 09/30/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE -4.13% 4.09% 9.95% 11.02% 32.58% 271.87% 03/06/17
    Returns (as of 10/08/26)
    		Return PAVE Return Index
    Since Inception 277.33% 296.37%
    12 Months 14.06% 14.36%
    24 Months 34.58% 35.59%
    Last 60 Trading Days -6.17% -6.03%
    Last 75 Trading Days -7.85% -7.83%
    Monthly Returns (through 10/08/26)
    		Return PAVE Return Index
    Oct 2026 1.46% 1.47%
    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%
    Oct 2024 -0.05% -0.04%

    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 10/09/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.60 EMR EMERSON ELECTRIC CO United States 2313405 161.83 3,044,006 492,611,490.98
    3.55 FAST FASTENAL CO United States 2332262 50.75 9,557,229 485,029,371.75
    3.48 PWR QUANTA SERVICES INC United States 2150204 705.94 674,480 476,142,411.20
    3.35 NUE NUCOR CORP United States 2651086 250.33 1,828,854 457,817,021.82
    3.34 ETN EATON CORP PLC United States B8KQN82 429.65 1,062,280 456,408,602.00
    3.28 DE DEERE & CO United States 2261203 620.93 722,942 448,896,376.06
    3.21 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 476.98 919,487 438,576,909.26
    3.15 PH PARKER HANNIFIN CORP United States 2671501 962.56 447,371 430,621,429.76
    3.03 ROK ROCKWELL AUTOMATION INC United States 2754060 432.59 957,330 414,131,384.70
    2.99 URI UNITED RENTALS INC United States 2134781 1,056.37 386,954 408,766,596.98
    2.95 UNP UNION PACIFIC CORP United States 2914734 278.34 1,449,482 403,448,819.88
    2.94 NSC NORFOLK SOUTHERN CORP United States 2641894 317.79 1,265,271 402,090,471.09
    2.89 CSX CSX CORP United States 2160753 47.26 8,351,958 394,713,535.08
    2.80 SRE SEMPRA United States 2138158 81.34 4,710,156 383,124,089.04
    2.68 CRH CRH PLC United States B01ZKD6 81.54 4,499,898 366,921,682.92
    2.53 HWM HOWMET AEROSPACE INC United States BKLJ8V2 225.26 1,536,344 346,076,849.44
    2.12 EME EMCOR GROUP INC United States 2474164 789.45 366,637 289,441,579.65
    2.08 STLD STEEL DYNAMICS INC United States 2849472 238.38 1,190,008 283,674,107.04
    1.92 VMC VULCAN MATERIALS CO United States 2931205 244.58 1,070,957 261,934,663.06
    1.73 MLM MARTIN MARIETTA MATERIALS United States 2572079 478.35 495,419 236,983,678.65
    1.58 ATI ATI INC United States 2526117 191.84 1,126,310 216,071,310.40
    1.51 HUBB HUBBELL INC United States BDFG6S3 474.11 436,096 206,757,474.56
    1.24 RS RELIANCE INC United States 2729068 402.45 421,123 169,480,951.35
    1.21 AMRZ AMRIZE LTD United States BV5F675 36.20 4,561,723 165,134,372.60
    1.21 WWD WOODWARD INC United States 2948089 335.51 491,659 164,956,511.09
    1.16 CRS CARPENTER TECHNOLOGY United States 2177504 385.81 410,055 158,203,319.55
    1.08 WCC WESCO INTERNATIONAL INC United States 2416973 365.69 402,092 147,041,023.48
    1.05 FTV FORTIVE CORP United States BYT3MK1 57.26 2,515,952 144,063,411.52
    1.05 IEX IDEX CORP United States 2456612 234.29 610,915 143,131,275.35
    1.01 MTZ MASTEC INC United States 2155306 212.65 651,955 138,638,230.75
    0.99 J JACOBS SOLUTIONS INC United States BNGC0D3 139.15 974,513 135,603,483.95
    0.96 RBC RBC BEARINGS INC United States B0GLYB5 503.68 261,008 131,464,509.44
    0.95 STRL STERLING INFRASTRUCTURE INC United States 2632876 513.00 253,299 129,942,387.00
    0.86 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 261.13 452,305 118,110,404.65
    0.85 TRMB TRIMBLE INC United States 2903958 60.09 1,923,845 115,603,846.05
    0.81 MLI MUELLER INDUSTRIES INC United States 2609717 60.71 1,824,987 110,794,960.77
    0.78 CSL CARLISLE COS INC United States 2176318 320.36 333,945 106,982,620.20
    0.76 GGG GRACO INC United States 2380443 78.21 1,336,544 104,531,106.24
    0.75 RPM RPM INTERNATIONAL INC United States 2756174 97.73 1,053,259 102,935,002.07
    0.71 CR CRANE CO United States BNYD4F8 204.75 476,749 97,614,357.75
    0.67 AA ALCOA CORP United States BYNF418 42.20 2,177,905 91,907,591.00
    0.66 FPS FORGENT POWER SOLUTIONS-CL A United States BV9C843 40.03 2,265,501 90,688,005.03
    0.66 RRX REGAL REXNORD CORP United States 2730082 165.03 549,217 90,637,281.51
    0.58 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 125.79 632,685 79,585,446.15
    0.55 VMI VALMONT INDUSTRIES United States 2926825 467.81 160,117 74,904,333.77
    0.54 AYI ACUITY INC United States 2818461 298.34 247,306 73,781,272.04
    0.52 TTEK TETRA TECH INC United States 2883890 33.34 2,142,037 71,415,513.58
    0.51 PNR PENTAIR PLC United States BLS09M3 52.47 1,333,717 69,980,130.99
    0.51 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 169.46 413,134 70,009,687.64
    0.49 DY DYCOM INDUSTRIES INC United States 2289841 269.23 248,065 66,786,539.95
    0.48 WLK WESTLAKE CORPORATION United States B01ZP20 62.29 1,057,293 65,858,780.97
    0.47 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 46.57 1,377,306 64,141,140.42
    0.46 ACM AECOM United States B1VZ431 59.28 1,060,542 62,868,929.76
    0.45 CLF CLEVELAND-CLIFFS INC United States BYVZ186 12.98 4,707,752 61,106,620.96
    0.44 ACA ARCOSA INC United States BGPZ5W8 147.18 403,935 59,451,153.30
    0.43 CMC COMMERCIAL METALS CO United States 2213260 63.89 913,136 58,340,259.04
    0.42 POWL POWELL INDUSTRIES INC United States 2697422 191.93 300,793 57,731,200.49
    0.42 ATKR ATKORE INC United States BDHF495 94.84 603,965 57,280,040.60
    0.39 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 397.25 135,252 53,728,857.00
    0.38 TITN TITAN MACHINERY INC United States B29H3T5 22.63 2,323,963 52,591,282.69
    0.38 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 122.44 421,065 51,555,198.60
    0.38 EXPO EXPONENT INC United States 2330318 69.81 734,144 51,250,592.64
    0.35 DNOW DNOW INC United States BMH0MV1 15.57 3,063,149 47,693,229.93
    0.35 TEX TEREX CORP United States 2884224 50.67 942,583 47,760,680.61
    0.34 BMI BADGER METER INC United States 2069128 131.38 358,019 47,036,536.22
    0.34 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 52.85 887,841 46,922,396.85
    0.34 CALX CALIX INC United States B3S4L67 37.24 1,231,569 45,863,629.56
    0.33 DXPE DXP ENTERPRISES INC United States 2276627 180.92 252,374 45,659,504.08
    0.33 AGX ARGAN INC United States 2804501 392.61 116,147 45,600,473.67
    0.33 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 15.99 2,840,144 45,413,902.56
    0.33 USLM UNITED STATES LIME & MINERAL United States 2724115 108.58 414,117 44,964,823.86
    0.32 WNC WABASH NATIONAL CORP United States 2932048 13.20 3,316,096 43,772,467.20
    0.32 CSW CSW INDUSTRIALS INC United States BYQD1J6 287.59 151,968 43,704,477.12
    0.31 MTUS METALLUS INC United States BNBPMX1 19.99 2,136,775 42,714,132.25
    0.31 TPC TUTOR PERINI CORP United States 2681760 83.36 503,303 41,955,338.08
    0.31 EXP EAGLE MATERIALS INC United States 2191399 164.70 255,000 41,998,500.00
    0.30 GRC GORMAN-RUPP CO United States 2379281 73.99 554,120 40,999,338.80
    0.30 PRIM PRIMORIS SERVICES CORP United States B1GC200 83.60 486,668 40,685,444.80
    0.30 GVA GRANITE CONSTRUCTION INC United States 2381189 112.50 361,005 40,613,062.50
    0.29 IIIN INSTEEL INDUSTRIES INC United States 2325875 29.50 1,364,157 40,242,631.50
    0.29 LPX LOUISIANA-PACIFIC CORP United States 2535243 65.69 611,458 40,166,676.02
    0.29 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 311.63 128,502 40,045,078.26
    0.29 MDU MDU RESOURCES GROUP INC United States 2547323 18.74 2,085,257 39,077,716.18
    0.28 RYZ RYERSON HOLDING CORP United States B3TPPZ6 26.23 1,484,597 38,940,979.31
    0.28 MWH SOLV ENERGY INC-CL A United States BWTRBN5 26.21 1,474,096 38,636,056.16
    0.28 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 21.67 1,772,696 38,414,322.32
    0.28 MTX MINERALS TECHNOLOGIES INC United States 2595612 63.60 602,668 38,329,684.80
    0.27 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 9.25 4,053,811 37,497,751.75
    0.27 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 86.81 424,195 36,824,367.95
    0.27 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 36.66 993,924 36,437,253.84
    0.26 CENX CENTURY ALUMINUM COMPANY United States 2186254 36.76 951,335 34,971,074.60
    0.25 TTAM TITAN AMERICA SA United States BNM4XQ7 13.08 2,597,396 33,973,939.68
    0.25 HRI HERC HOLDINGS INC United States BZBZ020 123.46 275,706 34,038,662.76
    0.25 NWPX NWPX INFRASTRUCTURE INC United States 2035925 101.32 332,242 33,662,759.44
    0.24 CTRI CENTURI HOLDINGS INC United States BMDPVF7 20.90 1,592,797 33,289,457.30
    0.24 GBX GREENBRIER COMPANIES INC United States 2387530 38.43 855,609 32,881,053.87
    0.24 LGN LEGENCE CORP-CL A United States BT6CC17 51.53 634,482 32,694,857.46
    0.22 TRN TRINITY INDUSTRIES INC United States 2904627 25.52 1,199,603 30,613,868.56
    0.22 ASTE ASTEC INDUSTRIES INC United States 2060370 38.71 784,690 30,375,349.90
    0.21 KNF KNIFE RIVER CORP United States BPLL4V5 49.84 567,946 28,306,428.64
    0.04 OTHER PAYABLE & RECEIVABLES United States 1.00 5,232,451 5,232,450.89
    0.00 CASH United States 1.00 467,127 467,126.83
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 09/30/26

    Sector Weight (%)
    Industrials 73.4
    Materials 21.9
    Utilities 3.2
    Information Technology 1.4
    Other/Cash 0.1

    Source: AltaVista Research, LLC

    ETF Characteristics As of 10/09/26

    Return on Equity 15.00%
    Weighted Avg. Market Cap 54,656 M
    2025 2026
    Price-to-earnings 29.05 22.46
    Price-to-book value 3.56 3.18

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 09/30/26

    Versus Beta
    S&P 500 1.11
    MSCI EAFE 0.91
    MSCI Emg. Mkts 0.54
    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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