Brazil
  • pt
  • en
    • Search

    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 02/04/26

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $11.52 billion
    NAV $53.02

    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 02/04/26

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe BZX
    Shares Outstanding 217,230,000
    Number of Holdings 100
    30-Day Median Bid-Ask Spread 0.02%

    Distributions As of 02/04/26

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

    ETF Prices As of 02/04/26

    NAV $53.02 Daily Change $0.64 1.22%
    Market Price $53.02 Daily Change $0.63 1.20%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 01/30/26)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE 6.20% 13.88% 6.20% 20.99% 38.67% 259.18% 03/06/17
    Returns (as of 02/04/26)
    		Return PAVE Return Index
    Since Inception 275.39% 293.65%
    12 Months 35.63% 36.11%
    24 Months 44.93% 46.15%
    Last 60 Trading Days 14.14% 14.23%
    Last 75 Trading Days 13.96% 14.05%
    Monthly Returns (through 02/04/26)
    		Return PAVE Return Index
    Feb 2026 4.52% 4.52%
    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%
    Feb 2024 9.91% 10.01%

    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 02/04/26

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.30 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 441.20 862,261 380,429,553.20
    3.25 CSX CSX CORP United States 2160753 39.85 9,402,414 374,686,197.90
    3.19 ETN EATON CORP PLC United States B8KQN82 365.00 1,006,908 367,521,420.00
    3.17 DE DEERE & CO United States 2261203 567.26 644,073 365,356,849.98
    3.15 UNP UNION PACIFIC CORP United States 2914734 249.76 1,453,806 363,102,586.56
    3.15 FAST FASTENAL CO United States 2332262 48.28 7,513,766 362,764,622.48
    3.10 NSC NORFOLK SOUTHERN CORP United States 2641894 306.84 1,163,889 357,127,700.76
    3.06 EMR EMERSON ELECTRIC CO United States 2313405 157.32 2,239,114 352,257,414.48
    3.01 PH PARKER HANNIFIN CORP United States 2671501 967.99 358,029 346,568,491.71
    2.95 ROK ROCKWELL AUTOMATION INC United States 2754060 429.84 790,995 340,001,290.80
    2.95 SRE SEMPRA United States 2138158 86.63 3,923,159 339,863,264.17
    2.89 PWR QUANTA SERVICES INC United States 2150204 464.57 717,493 333,325,723.01
    2.88 CRH CRH PLC United States B01ZKD6 122.96 2,701,748 332,206,934.08
    2.80 HWM HOWMET AEROSPACE INC United States BKLJ8V2 208.61 1,544,958 322,293,688.38
    2.59 URI UNITED RENTALS INC United States 2134781 848.13 351,772 298,348,386.36
    2.50 NUE NUCOR CORP United States 2651086 189.95 1,514,461 287,671,866.95
    2.36 VMC VULCAN MATERIALS CO United States 2931205 311.49 874,702 272,460,925.98
    2.32 MLM MARTIN MARIETTA MATERIALS United States 2572079 671.17 399,012 267,804,884.04
    1.82 EME EMCOR GROUP INC United States 2474164 708.62 296,392 210,029,299.04
    1.78 AMRZ AMRIZE LTD United States BV5F675 56.14 3,654,182 205,145,777.48
    1.67 STLD STEEL DYNAMICS INC United States 2849472 198.88 966,081 192,134,189.28
    1.49 HUBB HUBBELL INC United States BDFG6S3 487.16 351,567 171,269,379.72
    1.28 WWD WOODWARD INC United States 2948089 373.31 396,303 147,943,872.93
    1.10 FTV FORTIVE CORP United States BYT3MK1 60.13 2,100,546 126,305,830.98
    1.07 MTZ MASTEC INC United States 2155306 235.44 522,348 122,981,613.12
    1.04 RS RELIANCE INC United States 2729068 346.73 345,815 119,904,434.95
    0.99 ATI ATI INC United States 2526117 127.50 898,441 114,551,227.50
    0.97 J JACOBS SOLUTIONS INC United States BNGC0D3 143.33 780,929 111,930,553.57
    0.96 CRS CARPENTER TECHNOLOGY United States 2177504 334.19 329,778 110,208,509.82
    0.95 CSL CARLISLE COS INC United States 2176318 395.36 276,336 109,252,200.96
    0.94 RBC RBC BEARINGS INC United States B0GLYB5 516.78 209,097 108,057,147.66
    0.91 PNR PENTAIR PLC United States BLS09M3 97.28 1,082,276 105,283,809.28
    0.91 IEX IDEX CORP United States 2456612 212.25 495,525 105,175,181.25
    0.90 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 285.82 364,301 104,124,511.82
    0.89 TRMB TRIMBLE INC United States 2903958 65.04 1,573,330 102,329,383.20
    0.87 GGG GRACO INC United States 2380443 91.58 1,097,642 100,522,054.36
    0.86 AA ALCOA CORP United States BYNF418 58.16 1,714,377 99,708,166.32
    0.85 RPM RPM INTERNATIONAL INC United States 2756174 116.07 847,884 98,413,895.88
    0.84 WCC WESCO INTERNATIONAL INC United States 2416973 301.37 322,058 97,058,619.46
    0.80 BLD TOPBUILD CORP United States BZ0P3W2 499.83 185,658 92,797,438.14
    0.78 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 123.80 731,110 90,511,418.00
    0.73 MLI MUELLER INDUSTRIES INC United States 2609717 114.65 734,958 84,262,934.70
    0.73 ACM AECOM United States B1VZ431 95.90 872,744 83,696,149.60
    0.72 WMS ADVANCED DRAINAGE SYSTEMS IN United States BP7RS59 160.26 514,837 82,507,777.62
    0.71 WLK WESTLAKE CORPORATION United States B01ZP20 96.00 849,185 81,521,760.00
    0.68 RRX REGAL REXNORD CORP United States 2730082 178.30 439,471 78,357,679.30
    0.63 STRL STERLING INFRASTRUCTURE INC United States 2632876 360.16 203,013 73,117,162.08
    0.63 CR CRANE CO United States BNYD4F8 189.82 381,344 72,386,718.08
    0.61 TTEK TETRA TECH INC United States 2883890 40.72 1,726,041 70,284,389.52
    0.61 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 212.76 329,860 70,181,013.60
    0.60 DY DYCOM INDUSTRIES INC United States 2289841 363.20 191,709 69,628,708.80
    0.56 AYI ACUITY INC United States 2818461 318.72 202,586 64,568,209.92
    0.53 CMC COMMERCIAL METALS CO United States 2213260 82.70 734,259 60,723,219.30
    0.52 VMI VALMONT INDUSTRIES United States 2926825 456.55 130,411 59,539,142.05
    0.50 ZWS ZURN ELKAY WATER SOLUTIONS CORPORATION United States BMV1ZD3 51.77 1,107,918 57,356,914.86
    0.48 CLF CLEVELAND-CLIFFS INC United States BYVZ186 14.53 3,770,895 54,791,104.35
    0.45 PRIM PRIMORIS SERVICES CORP United States B1GC200 145.31 357,667 51,972,591.77
    0.42 EXP EAGLE MATERIALS INC United States 2191399 229.33 212,289 48,684,236.37
    0.38 LPX LOUISIANA-PACIFIC CORP United States 2535243 94.19 461,041 43,425,451.79
    0.37 POWL POWELL INDUSTRIES INC United States 2697422 527.30 80,164 42,270,477.20
    0.34 ACA ARCOSA INC United States BGPZ5W8 118.99 324,685 38,634,268.15
    0.32 HRI HERC HOLDINGS INC United States BZBZ020 169.38 220,257 37,307,130.66
    0.32 DNOW DNOW INC United States BMH0MV1 16.05 2,294,232 36,822,423.60
    0.32 ASTE ASTEC INDUSTRIES INC United States 2060370 54.46 673,554 36,681,750.84
    0.32 GRC GORMAN-RUPP CO United States 2379281 58.61 623,315 36,532,492.15
    0.32 TTAM TITAN AMERICA SA United States BNM4XQ7 18.48 1,969,598 36,398,171.04
    0.32 ROAD CONSTRUCTION PARTNERS INC-A United States BDT5M66 114.77 316,494 36,324,016.38
    0.31 TRN TRINITY INDUSTRIES INC United States 2904627 29.66 1,219,723 36,176,984.18
    0.31 WNC WABASH NATIONAL CORP United States 2932048 11.04 3,248,943 35,868,330.72
    0.31 IIIN INSTEEL INDUSTRIES INC United States 2325875 36.06 987,815 35,620,608.90
    0.31 DXPE DXP ENTERPRISES INC United States 2276627 139.98 254,752 35,660,184.96
    0.31 GBX GREENBRIER COMPANIES INC United States 2387530 53.72 660,779 35,497,047.88
    0.31 GVA GRANITE CONSTRUCTION INC United States 2381189 123.00 288,955 35,541,465.00
    0.31 MTX MINERALS TECHNOLOGIES INC United States 2595612 71.55 492,556 35,242,381.80
    0.30 MTUS METALLUS INC United States BNBPMX1 21.36 1,647,986 35,200,980.96
    0.30 TEX TEREX CORP United States 2884224 64.25 546,418 35,107,356.50
    0.30 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 53.08 657,525 34,901,427.00
    0.30 PLPC PREFORMED LINE PRODUCTS CO United States 2798466 260.51 133,900 34,882,289.00
    0.30 TITN TITAN MACHINERY INC United States B29H3T5 17.93 1,936,855 34,727,810.15
    0.30 TPC TUTOR PERINI CORP United States 2681760 78.83 436,757 34,429,554.31
    0.30 MWA MUELLER WATER PRODUCTS INC-A United States B15RZR4 27.52 1,249,634 34,389,927.68
    0.30 MDU MDU RESOURCES GROUP INC United States 2547323 21.03 1,622,308 34,117,137.24
    0.30 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 21.58 1,581,538 34,129,590.04
    0.30 RYI RYERSON HOLDING CORP United States B3TPPZ6 30.54 1,116,705 34,104,170.70
    0.30 MTRN MATERION CORP United States 2149622 151.63 225,300 34,162,239.00
    0.30 KNF KNIFE RIVER CORP United States BPLL4V5 76.76 442,897 33,996,773.72
    0.29 CTOS CUSTOM TRUCK ONE SOURCE INC United States BL66YS4 6.60 5,082,819 33,546,605.40
    0.29 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 248.72 134,084 33,349,372.48
    0.29 NWPX NWPX INFRASTRUCTURE INC United States 2035925 68.89 480,876 33,127,547.64
    0.29 CENX CENTURY ALUMINUM COMPANY United States 2186254 47.53 694,259 32,998,130.27
    0.28 CTRI CENTURI HOLDINGS INC United States BMDPVF7 27.77 1,182,471 32,837,219.67
    0.28 AGX ARGAN INC United States 2804501 354.14 91,495 32,402,039.30
    0.27 ATKR ATKORE INC United States BDHF495 69.05 457,523 31,591,963.15
    0.27 LGN LEGENCE CORP-CL A United States BT6CC17 45.19 690,541 31,205,547.79
    0.27 EXPO EXPONENT INC United States 2330318 70.09 445,495 31,224,744.55
    0.27 ECG EVERUS CONSTRUCTION GROUP United States BSVLTM2 85.69 365,007 31,277,449.83
    0.26 CSW CSW INDUSTRIALS INC United States BYQD1J6 274.18 110,456 30,284,826.08
    0.26 CALX CALIX INC United States B3S4L67 50.30 600,666 30,213,499.80
    0.26 USLM UNITED STATES LIME & MINERAL United States 2724115 114.26 256,909 29,354,422.34
    0.25 BMI BADGER METER INC United States 2069128 146.31 195,468 28,598,923.08
    0.06 CASH United States 1.00 6,591,544 6,591,543.72
    -0.00 OTHER PAYABLE & RECEIVABLES United States 1.00 -601,449 -601,449.03
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 01/31/26

    Sector Weight (%)
    Industrials 71.6
    Materials 22.8
    Utilities 3.4
    Information Technology 1.5
    Consumer Discretionary 0.8

    Source: AltaVista Research, LLC

    ETF Characteristics As of 02/04/26

    Return on Equity 15.20%
    Weighted Avg. Market Cap 45,126 M
    2025 2026
    Price-to-earnings 29.29 24.10
    Price-to-book value 3.88 3.49

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 01/31/26

    Versus Beta
    S&P 500 1.03
    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.

    FOR EVALUATION OF THE PERFORMANCE OF AN INVESTMENT FUND, IT IS RECOMMENDED THE ANALYSIS OF AT LEAST 12 (TWELVE) MONTHS. INVESTMENT FUNDS DO NOT HAVE A GUARANTEE FROM THE ADMINISTRATOR, THE MANAGER, ANY INSURANCE MECHANISM OR CREDIT GUARANTEE FUND – FGC. INVESTMENTS IN FINANCIAL AND CAPITAL MARKETS ARE SUBJECT TO RISKS OF LOSS GREATER THAN THE TOTAL VALUE OF INVESTED CAPITAL. PAST PROFITABILITY DOES NOT REPRESENT A GUARANTEE OF FUTURE PROFITABILITY THE PROFITABILITY DISCLOSED IS NOT NET OF TAXES. READ THE PROSPECTUS, THE FORM OF COMPLEMENTARY INFORMATION, SHEET OF ESSENTIAL INFORMATION AND THE REGULATION BEFORE INVESTING. DESCRIPTION OF THE ANBIMA TYPE AVAILABLE IN THE FORM OF COMPLEMENTARY INFORMATION.

    Back to Top