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 17 June 2019
Asset Under Management 132.27 Million (USD)
1 Month Total Return -2.30 %
Year To Date Return 14.78 %
1 Year Total Return -7.74 %
3 Year Annualized Total Return
NAV 15.47
Share Outstanding 8,550,000
Top 10 Holdings (17 June 2019)
Constituent Name Constituent Ticker Constituent Type Weighting
VULCAN MATERIALS CO VMC EQUI 0.0383100000
MARTIN MARIETTA MATERIALS MLM EQUI 0.0352400000
CSX CORP CSX EQUI 0.0336300000
NORFOLK SOUTHERN CORP NSC EQUI 0.0331500000
EATON CORP PLC ETN EQUI 0.0315900000
FORTIVE CORP FTV EQUI 0.0307400000
UNION PACIFIC CORP UNP EQUI 0.0304600000
FASTENAL CO FAST EQUI 0.0303700000
KANSAS CITY SOUTHERN KSU EQUI 0.0291500000
EMERSON ELECTRIC CO EMR EQUI 0.0286700000