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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 08/10/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $14.29 billion
    NAV $58.26

    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 08/10/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Shares Outstanding 245,220,000
    Number of Holdings 100
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 08/10/26

    30-Day SEC Yield 0.48%
    Distribution Frequency Semi Annually
     Distribution History

    ETF Prices As of 08/10/26

    NAV $58.26 Daily Change -$0.39 -0.66%
    Market Price $58.30 Daily Change -$0.39 -0.66%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 07/31/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE -4.36% 3.17% 18.08% 24.33% 48.73% 299.38% 03/06/17
    Returns (as of 08/07/26)
    		Return PAVE Return Index
    Since Inception 315.98% 336.60%
    12 Months 30.57% 30.91%
    24 Months 54.91% 56.00%
    Last 60 Trading Days 3.97% 3.93%
    Last 75 Trading Days 6.40% 6.41%
    Monthly Returns (through 08/07/26)
    		Return PAVE Return Index
    Aug 2026 4.16% 4.16%
    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%
    Sep 2024 4.42% 4.46%
    Aug 2024 -1.34% -1.35%

    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 08/10/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.36 NUE NUCOR CORP United States 2651086 274.61 1,750,553 480,719,359.33
    3.34 FAST FASTENAL CO United States 2332262 52.15 9,147,380 477,035,867.00
    3.24 EMR EMERSON ELECTRIC CO United States 2313405 158.71 2,913,411 462,387,459.81
    3.18 PH PARKER HANNIFIN CORP United States 2671501 1,060.50 428,342 454,256,691.00
    3.17 ETN EATON CORP PLC United States B8KQN82 444.96 1,016,885 452,473,149.60
    3.03 CRH CRH PLC United States B01ZKD6 100.60 4,306,814 433,265,488.40
    2.99 PWR QUANTA SERVICES INC United States 2150204 660.86 645,669 426,696,815.34
    2.95 DE DEERE & CO United States 2261203 609.28 692,015 421,630,899.20
    2.95 URI UNITED RENTALS INC United States 2134781 1,137.52 370,397 421,333,995.44
    2.94 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 476.99 880,022 419,761,693.78
    2.92 HWM HOWMET AEROSPACE INC United States BKLJ8V2 283.71 1,470,452 417,181,936.92
    2.84 UNP UNION PACIFIC CORP United States 2914734 292.24 1,387,177 405,388,606.48
    2.83 NSC NORFOLK SOUTHERN CORP United States 2641894 333.95 1,211,141 404,460,536.95
    2.80 CSX CSX CORP United States 2160753 50.12 7,993,783 400,648,403.96
    2.79 ROK ROCKWELL AUTOMATION INC United States 2754060 435.22 916,404 398,837,348.88
    2.67 SRE SEMPRA United States 2138158 84.31 4,517,876 380,902,125.56
    2.14 STLD STEEL DYNAMICS INC United States 2849472 268.60 1,139,126 305,969,243.60
    2.05 VMC VULCAN MATERIALS CO United States 2931205 285.34 1,024,963 292,462,942.42
    1.99 EME EMCOR GROUP INC United States 2474164 809.33 351,020 284,091,016.60
    1.82 MLM MARTIN MARIETTA MATERIALS United States 2572079 549.54 474,289 260,640,777.06
    1.72 ATI ATI INC United States 2526117 228.19 1,077,999 245,988,591.81
    1.54 CRS CARPENTER TECHNOLOGY United States 2177504 559.98 392,473 219,777,030.54
    1.48 HUBB HUBBELL INC United States BDFG6S3 504.90 417,403 210,746,774.70
    1.41 AMRZ AMRIZE LTD United States BV5F675 46.29 4,366,129 202,108,111.41
    1.21 RS RELIANCE INC United States 2729068 428.49 403,211 172,771,881.39
    1.17 WWD WOODWARD INC United States 2948089 356.11 470,640 167,599,610.40
    1.17 MTZ MASTEC INC United States 2155306 268.28 624,150 167,446,962.00
    1.04 FTV FORTIVE CORP United States BYT3MK1 61.75 2,408,123 148,701,595.25
    0.99 WCC WESCO INTERNATIONAL INC United States 2416973 366.55 384,746 141,028,646.30
    0.97 RBC RBC BEARINGS INC United States B0GLYB5 556.50 249,880 139,058,220.00
    0.96 J JACOBS SOLUTIONS INC United States BNGC0D3 147.33 932,734 137,419,700.22
    0.95 IEX IDEX CORP United States 2456612 233.27 584,664 136,384,571.28
    0.90 STRL STERLING INFRASTRUCTURE INC United States 2632876 528.51 242,400 128,110,824.00
    0.86 CSL CARLISLE COS INC United States 2176318 385.25 319,636 123,139,769.00
    0.84 MLI MUELLER INDUSTRIES INC United States 2609717 68.90 1,746,807 120,355,002.30
    0.84 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 277.33 432,793 120,026,482.69
    0.82 RPM RPM INTERNATIONAL INC United States 2756174 115.93 1,008,132 116,872,742.76
    0.75 TRMB TRIMBLE INC United States 2903958 58.44 1,841,372 107,609,779.68
    0.75 AA ALCOA CORP United States BYNF418 51.53 2,084,516 107,415,109.48
    0.75 GGG GRACO INC United States 2380443 83.38 1,279,284 106,666,699.92
    0.70 CR CRANE CO United States BNYD4F8 219.35 456,164 100,059,573.40
    0.66 DY DYCOM INDUSTRIES INC United States 2289841 400.79 237,242 95,084,221.18
    0.64 RRX REGAL REXNORD CORP United States 2730082 173.42 525,814 91,186,663.88
    0.60 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 141.67 605,452 85,774,384.84
    0.60 PNR PENTAIR PLC United States BLS09M3 66.73 1,276,538 85,183,380.74
    0.59 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 212.35 395,460 83,975,931.00
    0.58 AYI ACUITY INC United States 2818461 353.40 236,487 83,574,505.80
    0.57 FPS FORGENT POWER SOLUTIONS-CL A United States BV9C843 37.60 2,168,497 81,535,487.20
    0.56 WLK WESTLAKE CORPORATION United States B01ZP20 79.09 1,012,042 80,042,401.78
    0.53 VMI VALMONT INDUSTRIES United States 2926825 492.24 153,334 75,477,128.16
    0.52 ACM AECOM United States B1VZ431 73.30 1,015,193 74,413,646.90
    0.50 TTEK TETRA TECH INC United States 2883890 35.04 2,050,043 71,833,506.72
    0.47 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 51.06 1,318,159 67,305,198.54
    0.45 AGX ARGAN INC United States 2804501 581.26 110,771 64,386,751.46
    0.45 CMC COMMERCIAL METALS CO United States 2213260 73.21 873,858 63,975,144.18
    0.43 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 71.98 849,651 61,157,878.98
    0.42 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 462.63 129,548 59,932,791.24
    0.42 TEX TEREX CORP United States 2884224 66.17 902,093 59,691,493.81
    0.42 POWL POWELL INDUSTRIES INC United States 2697422 207.22 287,795 59,636,879.90
    0.39 CLF CLEVELAND-CLIFFS INC United States BYVZ186 12.49 4,505,794 56,277,367.06
    0.39 ACA ARCOSA INC United States BGPZ5W8 144.73 387,215 56,041,626.95
    0.38 ATKR ATKORE INC United States BDHF495 93.75 577,921 54,180,093.75
    0.37 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 131.89 403,156 53,172,244.84
    0.37 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 19.31 2,718,306 52,490,488.86
    0.36 EXP EAGLE MATERIALS INC United States 2191399 210.98 244,049 51,489,458.02
    0.35 CSW CSW INDUSTRIALS INC United States BYQD1J6 347.70 145,428 50,565,315.60
    0.34 DNOW DNOW INC United States BMH0MV1 16.65 2,931,636 48,811,739.40
    0.34 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 118.16 405,788 47,947,910.08
    0.33 USLM UNITED STATES LIME & MINERAL United States 2724115 120.31 396,413 47,692,448.03
    0.33 EXPO EXPONENT INC United States 2330318 67.52 703,839 47,523,209.28
    0.33 TPC TUTOR PERINI CORP United States 2681760 98.52 481,601 47,447,330.52
    0.33 CENX CENTURY ALUMINUM COMPANY United States 2186254 51.88 910,586 47,241,201.68
    0.33 BMI BADGER METER INC United States 2069128 136.44 342,658 46,752,257.52
    0.33 DXPE DXP ENTERPRISES INC United States 2276627 192.65 241,502 46,525,360.30
    0.32 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 48.86 951,233 46,477,244.38
    0.32 CALX CALIX INC United States B3S4L67 38.17 1,180,176 45,047,317.92
    0.31 HRI HERC HOLDINGS INC United States BZBZ020 169.76 263,790 44,780,990.40
    0.31 MTUS METALLUS INC United States BNBPMX1 21.72 2,045,283 44,423,546.76
    0.31 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 26.08 1,696,740 44,250,979.20
    0.30 LPX LOUISIANA-PACIFIC CORP United States 2535243 74.39 585,193 43,532,507.27
    0.30 GVA GRANITE CONSTRUCTION INC United States 2381189 125.97 345,555 43,529,563.35
    0.30 GRC GORMAN-RUPP CO United States 2379281 81.79 530,231 43,367,593.49
    0.30 MTX MINERALS TECHNOLOGIES INC United States 2595612 74.42 576,661 42,915,111.62
    0.30 IIIN INSTEEL INDUSTRIES INC United States 2325875 32.34 1,305,742 42,227,696.28
    0.29 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 10.65 3,880,056 41,322,596.40
    0.28 TITN TITAN MACHINERY INC United States B29H3T5 18.29 2,224,211 40,680,819.19
    0.28 MDU MDU RESOURCES GROUP INC United States 2547323 20.41 1,995,965 40,737,645.65
    0.28 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 330.31 122,997 40,627,139.07
    0.28 MWH SOLV ENERGY INC-CL A United States BWTRBN5 28.68 1,410,728 40,459,679.04
    0.28 WNC WABASH NATIONAL CORP United States 2932048 12.53 3,174,045 39,770,783.85
    0.28 RYZ RYERSON HOLDING CORP United States B3TPPZ6 28.00 1,420,911 39,785,508.00
    0.28 TTAM TITAN AMERICA SA United States BNM4XQ7 15.81 2,486,145 39,305,952.45
    0.27 LGN LEGENCE CORP-CL A United States BT6CC17 64.16 607,196 38,957,695.36
    0.26 GBX GREENBRIER COMPANIES INC United States 2387530 46.13 819,050 37,782,776.50
    0.26 PRIM PRIMORIS SERVICES CORP United States B1GC200 80.75 465,797 37,613,107.75
    0.26 KNF KNIFE RIVER CORP United States BPLL4V5 67.52 543,650 36,707,248.00
    0.26 NWPX NWPX INFRASTRUCTURE INC United States 2035925 114.62 317,982 36,447,096.84
    0.25 CTRI CENTURI HOLDINGS INC United States BMDPVF7 23.76 1,524,553 36,223,379.28
    0.23 TRN TRINITY INDUSTRIES INC United States 2904627 28.84 1,148,099 33,111,175.16
    0.23 ASTE ASTEC INDUSTRIES INC United States 2060370 43.04 750,916 32,319,424.64
    0.10 CASH United States 1.00 13,947,396 13,947,395.88
    0.04 OTHER PAYABLE & RECEIVABLES United States 1.00 5,027,037 5,027,037.34
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 07/31/26

    Sector Weight (%)
    Industrials 71.8
    Materials 23.4
    Utilities 3.5
    Information Technology 1.4

    Source: AltaVista Research, LLC

    ETF Characteristics As of 08/10/26

    Return on Equity 15.10%
    Weighted Avg. Market Cap 55,081 M
    2025 2026
    Price-to-earnings 31.68 26.26
    Price-to-book value 4.18 3.76

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 07/31/26

    Versus Beta
    S&P 500 1.12
    MSCI EAFE 0.92
    MSCI Emg. Mkts 0.55
    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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