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 March 2023 |
Asset Under Management |
3811.08 Million (USD) |
1 Month Total Return |
-9.39 % |
Year To Date Return |
0.53 % |
1 Year Total Return |
-7.73 % |
3 Year Annualized Total Return |
30.31 % |
NAV |
26.61 |
Share Outstanding |
143,220,000 |