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    PAVE

    U.S. Infrastructure Development ETF

    Invest in PAVE

    Morningstar Rating™ - Overall rating out of 95 Infrastructure funds, based on risk-adjusted returns as of 09/30/24

    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 2021 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.

    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 classification.

    1American Society of Engineers, Mar 2021

    Key Information As of 10/04/24

    Inception Date 03/06/17
    Total Expense Ratio 0.47%
    Net Assets $8.42 billion
    NAV $41.04

    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 10/04/24

    Ticker PAVE
    B3 Trading Code BPVE39
    Bloomberg Index Ticker IPAVE
    CUSIP 37954Y673
    ISIN US37954Y6730
    Primary Exchange Cboe
    Shares Outstanding 205,140,000
    Number of Holdings 102
    30-Day Median Bid-Ask Spread 0.03%

    Distributions As of 10/04/24

    30-Day SEC Yield 0.60%
    Distribution Frequency Semi-Annually
     Distribution History

    ETF Prices As of 10/04/24

    NAV $41.04 Daily Change $0.36 0.88%
    Market Price $41.02 Daily Change $0.35 0.86%

    Performance History

    Premium Discount Chart
    Cumulative Returns (as of 09/30/24)
    		1 Month 6 Months YTD 12 Months 24 Months Since Inception Inception Date
    Return PAVE 4.42% 3.58% 19.74% 36.45% 81.05% 187.66% 03/06/17
    Returns (as of 10/03/24)
    		Return PAVE Return Index
    Since Inception 184.38% 196.22%
    12 Months 42.18% 43.21%
    24 Months 59.44% 61.52%
    Last 60 Trading Days 10.10% 10.16%
    Last 75 Trading Days 8.66% 8.77%
    Monthly Returns (through 10/03/24)
    		Return PAVE Return Index
    Oct 2024 -1.15% -1.16%
    Sep 2024 4.42% 4.46%
    Aug 2024 -1.34% -1.35%
    Jul 2024 7.91% 8.00%
    Jun 2024 -4.16% -4.16%
    May 2024 3.28% 3.37%
    Apr 2024 -5.87% -5.85%
    Mar 2024 5.53% 5.57%
    Feb 2024 9.91% 10.01%
    Jan 2024 -0.36% -0.34%
    Dec 2023 9.83% 10.07%
    Nov 2023 9.40% 9.57%
    Oct 2023 -5.17% -5.09%
    Sep 2023 -5.90% -5.84%
    Aug 2023 -0.36% -0.32%
    Jul 2023 3.08% 3.12%
    Jun 2023 15.49% 15.55%
    May 2023 -1.18% -1.14%
    Apr 2023 -2.56% -2.56%
    Mar 2023 -2.93% -2.90%
    Feb 2023 0.80% 0.89%
    Jan 2023 9.27% 9.36%
    Dec 2022 -4.67% -4.63%
    Nov 2022 7.95% 7.97%
    Oct 2022 12.25% 12.30%

    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 10/04/24

    Full Holdings (.csv)
    Net Assets (%) Ticker Name Country SEDOL Market Price ($) Shares Held Market Value ($)
    3.83 TT TRANE TECHNOLOGIES PLC United States BK9ZQ96 388.36 829,539 322,159,766.04
    3.42 ETN EATON CORP PLC United States B8KQN82 333.05 863,376 287,547,376.80
    3.41 URI UNITED RENTALS INC United States 2134781 789.52 363,373 286,890,250.96
    3.36 PH PARKER HANNIFIN CORP United States 2671501 630.68 447,745 282,383,816.60
    3.32 PWR QUANTA SERVICES INC United States 2150204 305.72 915,148 279,779,046.56
    3.14 HWM HOWMET AEROSPACE INC United States BKLJ8V2 102.03 2,593,327 264,597,153.81
    2.90 EMR EMERSON ELECTRIC CO United States 2313405 111.44 2,192,761 244,361,285.84
    2.87 SRE SEMPRA United States 2138158 82.60 2,928,391 241,885,096.60
    2.63 DE DEERE & CO United States 2261203 407.99 541,958 221,113,444.42
    2.61 MLM MARTIN MARIETTA MATERIALS United States 2572079 524.11 419,669 219,952,719.59
    2.56 NSC NORFOLK SOUTHERN CORP United States 2641894 247.92 869,356 215,530,739.52
    2.52 FAST FASTENAL CO United States 2332262 70.18 3,021,385 212,040,799.30
    2.47 CSX CSX CORP United States 2160753 34.49 6,019,483 207,611,968.67
    2.45 UNP UNION PACIFIC CORP United States 2914734 238.86 863,094 206,158,632.84
    2.40 VMC VULCAN MATERIALS CO United States 2931205 241.43 836,935 202,061,217.05
    2.20 NUE NUCOR CORP United States 2651086 151.44 1,222,976 185,207,485.44
    2.19 ROK ROCKWELL AUTOMATION INC United States 2754060 267.01 690,315 184,321,008.15
    2.02 FTV FORTIVE CORP United States BYT3MK1 76.91 2,213,502 170,240,438.82
    1.78 BLDR BUILDERS FIRSTSOURCE INC United States B0BV2M7 192.28 776,918 149,385,793.04
    1.72 HUBB HUBBELL INC United States BDFG6S3 429.72 337,640 145,090,660.80
    1.65 CSL CARLISLE COS INC United States 2176318 454.48 306,172 139,149,050.56
    1.55 STLD STEEL DYNAMICS INC United States 2849472 128.22 1,017,749 130,495,776.78
    1.53 EME EMCOR GROUP INC United States 2474164 435.00 296,215 128,853,525.00
    1.42 WLK Westlake Corporation United States B01ZP20 147.80 807,017 119,277,112.60
    1.32 J JACOBS SOLUTIONS INC United States BNGC0D3 140.04 794,454 111,255,338.16
    1.24 RPM RPM INTERNATIONAL INC United States 2756174 128.91 810,653 104,501,278.23
    1.21 RS RELIANCE INC United States 2729068 281.38 361,604 101,748,133.52
    1.19 IEX IDEX CORP United States 2456612 211.10 475,443 100,366,017.30
    1.18 PNR PENTAIR PLC United States BLS09M3 95.88 1,039,610 99,677,806.80
    1.16 TRMB TRIMBLE INC United States 2903958 62.14 1,564,143 97,195,846.02
    1.08 GGG GRACO INC United States 2380443 85.79 1,063,137 91,206,523.23
    1.06 ACM AECOM United States B1VZ431 103.74 856,558 88,859,326.92
    0.96 TTEK TETRA TECH INC United States 2883890 48.37 1,673,376 80,941,197.12
    0.92 BLD TOPBUILD CORP United States BZ0P3W2 385.85 199,945 77,148,778.25
    0.90 WMS ADVANCED DRAINAG United States BP7RS59 155.48 489,962 76,179,291.76
    0.83 RRX REGAL REXNORD CORP United States 2730082 167.81 417,251 70,018,890.31
    0.82 LECO LINCOLN ELECTRIC HOLDINGS United States 2516851 191.50 359,942 68,928,893.00
    0.81 TPC TUTOR PERINI CORP United States 2681760 27.73 2,469,546 68,480,510.58
    0.77 POWL POWELL INDUSTRIES INC United States 2697422 242.99 267,424 64,981,357.76
    0.75 WWD WOODWARD INC United States 2948089 167.62 378,182 63,390,866.84
    0.75 MTZ MASTEC INC United States 2155306 127.13 495,561 63,000,669.93
    0.74 EXP EAGLE MATERIALS INC United States 2191399 282.78 219,545 62,082,935.10
    0.71 AYI ACUITY BRANDS INC United States 2818461 306.83 193,529 59,380,503.07
    0.68 CR CRANE CO United States BNYD4F8 159.17 357,027 56,827,987.59
    0.64 RBC RBC BEARINGS INC United States B0GLYB5 292.48 183,204 53,583,505.92
    0.63 WCC WESCO INTERNATIONAL INC United States 2416973 164.81 321,366 52,964,330.46
    0.62 ATI ATI Inc United States 2526117 65.09 802,164 52,212,854.76
    0.62 MLI MUELLER INDUSTRIES INC United States 2609717 72.64 713,945 51,860,964.80
    0.61 AGX ARGAN INC United States 2804501 108.29 476,621 51,613,288.09
    0.59 X UNITED STATES STEEL CORP United States 2824770 35.47 1,402,951 49,762,671.97
    0.59 CRS CARPENTER TECHNOLOGY United States 2177504 159.89 311,227 49,762,085.03
    0.57 LPX LOUISIANA-PACIFIC CORP United States 2535243 105.77 453,408 47,956,964.16
    0.55 SPXC SPX TECHNOLOGIES INC United States BQ1L7V3 162.27 287,046 46,578,954.42
    0.52 AA ALCOA CORP United States BYNF418 39.12 1,122,840 43,925,500.80
    0.51 STRL STERLING INFRAST United States 2632876 148.05 290,737 43,043,612.85
    0.51 USLM US LIME & MINERA United States 2724115 93.25 457,191 42,633,060.75
    0.49 BMI BADGER METER INC United States 2069128 223.58 184,541 41,259,676.78
    0.49 CLF CLEVELAND-CLIFFS INC United States BYVZ186 13.00 3,166,146 41,159,898.00
    0.47 ZWS Zurn Elkay Water Solution United States BMV1ZD3 36.38 1,086,457 39,525,305.66
    0.46 CMC COMMERCIAL METALS CO United States 2213260 53.35 729,615 38,924,960.25
    0.46 PRIM PRIMORIS SERVICES CORP United States B1GC200 59.70 643,559 38,420,472.30
    0.45 VMI VALMONT INDUSTRIES United States 2926825 290.54 131,136 38,100,253.44
    0.45 GVA GRANITE CONSTRUCTION INC United States 2381189 81.29 462,459 37,593,292.11
    0.44 CSWI CSW INDUSTRIALS INC United States BYQD1J6 374.84 98,650 36,977,966.00
    0.43 EXPO EXPONENT INC United States 2330318 114.63 318,593 36,520,315.59
    0.42 DY DYCOM INDUSTRIES INC United States 2289841 190.88 184,487 35,214,878.56
    0.42 MDU MDU RESOURCES GROUP INC United States 2547323 27.25 1,280,339 34,889,237.75
    0.41 ROAD CONSTRUCTION P-A United States BDT5M66 68.46 499,227 34,177,080.42
    0.40 DXPE DXP ENTERPRISES INC United States 2276627 52.08 651,908 33,951,368.64
    0.39 MWA MUELLER WATER-A United States B15RZR4 22.06 1,474,592 32,529,499.52
    0.38 NWPX NORTHWEST PIPE CO United States 2035925 44.00 734,124 32,301,456.00
    0.38 KNF KNIFE RIVER CORP United States BPLL4V5 88.96 355,507 31,625,902.72
    0.35 CENX CENTURY ALUMINUM COMPANY United States 2186254 15.97 1,861,385 29,726,318.45
    0.34 ACA ARCOSA INC United States BGPZ5W8 93.30 306,758 28,620,521.40
    0.34 HRI HERC HOLDINGS INC United States BZBZ020 160.01 177,845 28,456,978.45
    0.33 TRN TRINITY INDUSTRIES INC United States 2904627 33.99 820,363 27,884,138.37
    0.33 SUM SUMMIT MATERIA-A United States BW9JPS4 37.06 751,647 27,856,037.82
    0.32 DNOW DNOW INC United States BMH0MV1 12.67 2,127,561 26,956,197.87
    0.31 MRC MRC GLOBAL INC United States B7M66F1 12.89 2,022,973 26,076,121.97
    0.29 GRC GORMAN-RUPP CO United States 2379281 38.74 631,678 24,471,205.72
    0.29 MTX MINERALS TECHNOLOGIES INC United States 2595612 76.03 316,905 24,094,287.15
    0.28 HAYN HAYNES INTERNATIONAL INC United States B02WVH7 59.55 395,593 23,557,563.15
    0.27 GBX GREENBRIER COMPANIES INC United States 2387530 49.94 458,266 22,885,804.04
    0.26 TEX TEREX CORP United States 2884224 51.51 421,720 21,722,797.20
    0.25 AMTM AMENTUM HOLDINGS INC United States BMZLFJ5 26.47 794,454 21,029,197.38
    0.25 HEES H&E EQUIPMENT SE United States B0WR848 50.46 412,237 20,801,479.02
    0.24 CXT CRANE NXT CO United States BQ7W2W6 55.88 356,970 19,947,483.60
    0.23 CMCO COLUMBUS MCKINNON CORP/NY United States 2211071 34.83 558,247 19,443,743.01
    0.23 ATKR Atkore Inc United States BDHF495 83.32 232,725 19,390,647.00
    0.22 ROCK GIBRALTAR INDUSTRIES INC United States 2369226 71.34 261,769 18,674,600.46
    0.22 IIIN INSTEEL INDUSTRIES INC United States 2325875 30.20 615,783 18,596,646.60
    0.22 ASTE ASTEC INDUSTRIES INC United States 2060370 30.97 600,085 18,584,632.45
    0.22 MTRN MATERION CORP United States 2149622 105.49 176,043 18,570,776.07
    0.21 CALX CALIX INC United States B3S4L67 37.73 473,584 17,868,324.32
    0.19 MYRG MYR GROUP INC/DELAWARE United States B3CLS18 104.23 152,056 15,848,796.88
    0.18 WNC WABASH NATIONAL CORP United States 2932048 18.13 828,304 15,017,151.52
    0.18 MTUS METALLUS INC United States BNBPMX1 14.31 1,031,188 14,756,300.28
    0.15 RYI RYERSON HOLDING CORP United States B3TPPZ6 20.03 617,433 12,367,182.99
    0.13 CTOS CUSTOM TRUCK ONE United States BL66YS4 3.35 3,262,909 10,930,745.15
    0.13 TITN TITAN MACHINERY INC United States B29H3T5 13.99 777,041 10,870,803.59
    0.06 CASH United States 1.00 4,679,005 4,679,004.54
    0.05 OTHER PAYABLE & RECEIVABLES United States 1.00 4,195,784 4,195,783.62
    Holdings are subject to change. "Cash" denotes U.S. dollars.

    Sector Breakdown As of 09/30/24

    Sector Weight (%)
    Industrials 74.2
    Materials 19.7
    Utilities 3.3
    Information Technology 1.8
    Consumer Discretionary 1.0

    Source: AltaVista Research, LLC

    ETF Characteristics As of 10/04/24

    Return on Equity 15.40%
    Weighted Avg. Market Cap 39,701 M
    2023 2024
    Price-to-earnings 21.82 21.22
    Price-to-book value 3.47 3.08

    Source: AltaVista Research, LLC

    ETF Risk Stats As of 09/30/24

    Versus Beta
    S&P 500 1.23
    MSCI EAFE 1.17
    MSCI Emg. Mkts 0.79
    Standard Deviation 25.20%

    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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