PAVE
U.S. Infrastructure Development ETF
Morningstar Rating™ - Overall rating out of 79 Infrastructure funds, based on risk-adjusted returns as of 05/31/2025
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 2025 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.2
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.
1American Society of Engineers, Mar 2025
2Politico, 2024
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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.
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