PAVE

Fund Description
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. The Index is a modified market capitalization weighted index designed to measure the performance of companies that provide exposure to infrastructure development in the United States. This includes companies involved in the construction and engineering of infrastructure projects; the production of infrastructure raw materials, composites and products; producers/distributors of heavy construction equipment; and companies engaged in the transportation of infrastructure materials (collectively, U.S. Infrastructure Development Companies ), as defined by Indxx.
Fund Profile
Fund Name Global X U.S. Infrastructure Development ETF
Fund Exchange Ticker PAVE
Fund Sponsor Global X
Fund ISIN US37954Y6730
Net Expense Ratio 0.47 %
Fund Inception Date 6 March 2017
Fund Legal Structure ETF (Open end fund)
Exchange BATS
Listing Country Code US
Fund Investment Objective
ETF Type Specific US Equities - Factor & Thematic
Asset Class Equities (Stocks)
Index Linked Passive
Index Name INDXX U.S. Infrastructure Development Index
Index Provider Indxx LLC
Currency Hedged No
Inverse / Leveraged Not Applicable
Developed / Emerging Developed Market Funds
Market Capitalization Range Broad Market / Multi-Cap
Growth Value Core / Blend
Continent North America
Key Statistics
Return As of Date 5 October 2022
Asset Under Management 3398.89 Million (USD)
1 Month Total Return -2.61 %
Year To Date Return -14.35 %
1 Year Total Return -4.50 %
3 Year Annualized Total Return 16.98 %
NAV 24.66
Share Outstanding 137,830,000
Top 10 Holdings (5 October 2022)
Constituent Name Constituent Ticker Constituent Type Weighting
NUCOR CORP NUE EQUI 0.0404000000
SEMPRA ENERGY SRE EQUI 0.0364000000
DEERE & CO DE EQUI 0.0311000000
EATON CORP PLC ETN EQUI 0.0288000000
VULCAN MATERIALS CO VMC EQUI 0.0282000000
TRANE TECHNOLOGIES PLC TT EQUI 0.0281000000
MARTIN MARIETTA MATERIALS MLM EQUI 0.0278000000
FORTIVE CORP FTV EQUI 0.0276000000
EMERSON ELECTRIC CO EMR EQUI 0.0274000000
FASTENAL CO FAST EQUI 0.0272000000