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 20 January 2021
Asset Under Management 1093.97 Million (USD)
1 Month Total Return 8.72 %
Year To Date Return 7.31 %
1 Year Total Return 29.12 %
3 Year Annualized Total Return 10.08 %
NAV 22.72
Share Outstanding 48,150,000
Top 10 Holdings (19 January 2021)
Constituent Name Constituent Ticker Constituent Type Weighting
UNITED RENTALS INC URI EQUI 0.0400400000
TRIMBLE INC TRMB EQUI 0.0351900000
FASTENAL CO FAST EQUI 0.0341300000
ROCKWELL AUTOMATION INC ROK EQUI 0.0315200000
EATON CORP PLC ETN EQUI 0.0312900000
KANSAS CITY SOUTHERN KSU EQUI 0.0310000000
CSX CORP CSX EQUI 0.0295200000
NORFOLK SOUTHERN CORP NSC EQUI 0.0292700000
JACOBS ENGINEERING GROUP INC J EQUI 0.0284000000
UNION PACIFIC CORP UNP EQUI 0.0281000000