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 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.
PAVE offers access to a range of companies involved in multiple facets of infrastructure development.
The fund is a targeted thematic play on the future of infrastructure in the United States.
PAVE allows investors to buy and sell a broad basket of U.S. equities involved in infrastructure projects, with the tax efficiency of an ETF.
| Ticker | PAVE |
| Inception Date | 03/06/17 |
| CUSIP | 37954Y673 |
| ISIN | US37954Y6730 |
| Bloomberg Index Ticker | IPAVE |
| Primary Exchange | Cboe |
| Number of Holdings | 94 |
| Net Assets | $671,393,901 |
| Net Asset Value (NAV) | $20.47 |
| Shares Outstanding | 32,800,000 |
| Total Expense Ratio | 0.47% |
| 30-Day SEC Yield | 0.70% |
| Distribution Frequency | Semi-Annually |
Cumulative %Data as of month-end (11/30/20) |
Fund NAV | Market Price | Index |
|---|---|---|---|
| Year-to-Date | 14.25% | 14.29% | 14.73% |
| 1 Month | 16.06% | 16.35% | 16.12% |
| 3 Months | 18.71% | 18.87% | 18.84% |
| 6 Months | 38.04% | 38.22% | 38.39% |
| Since Inception | 37.90% | 38.18% | 40.31% |
Avg Annualized %Data as of month-end (11/30/20) |
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | 16.77% | 16.93% | 17.25% |
| 3 Years | 8.53% | 8.53% | 9.02% |
| Since Inception | 8.99% | 9.05% | 9.48% |
Avg Annualized %Data as of quarter-end (09/30/20) |
Fund NAV | Market Price | Index |
|---|---|---|---|
| 1 Year | 4.53% | 4.66% | 4.99% |
| 3 Years | 3.80% | 3.75% | 4.27% |
| Since Inception | 3.91% | 3.95% | 4.38% |
Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.
The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted.
| Return on Equity | 10.40% | |
| Weighted Avg. Market Cap | 20,562 M | |
| 2019 | 2020 | |
| Price-to-earnings | 22.61 | 26.39 |
| Price-to-book value | 2.85 | 2.66 |
Source: AltaVista Research, LLC
| Versus | Beta |
|---|---|
| S&P 500 | 1.31 |
| MSCI EAFE | 1.28 |
| MSCI Emg. Mkts | 1.07 |
| Standard Deviation | 26.20% |
Source: AltaVista Research, LLC
| % of Net Assets | ||
|---|---|---|
| Industrials | 70.6 | |
| Materials | 22.4 | |
| Information Technology | 4.9 | |
| Utilities | 1.1 | |
| Financials | 0.3 | |
| Energy | 0.1 | |
| Other/Cash | 0.6 | |
Source: AltaVista Research, LLC
| Net Assets (%) | Ticker | Name | SEDOL | Market Price ($) | Shares Held | Market Value ($) |
|---|---|---|---|---|---|---|
| 3.94 | URI | UNITED RENTALS INC | 2134781 | 236.95 | 111,574 | 26,437,459.30 |
| 3.47 | FAST | FASTENAL CO | 2332262 | 47.37 | 492,020 | 23,306,987.40 |
| 3.36 | TRMB | TRIMBLE INC | 2903958 | 61.01 | 370,004 | 22,573,944.04 |
| 3.21 | ROK | ROCKWELL AUTOMATION INC | 2754060 | 245.24 | 87,819 | 21,536,731.56 |
| 3.15 | ETN | EATON CORP PLC | B8KQN82 | 116.73 | 181,219 | 21,153,693.87 |
| 3.12 | CSX | CSX CORP | 2160753 | 90.43 | 231,627 | 20,946,029.61 |
| 3.01 | NSC | NORFOLK SOUTHERN CORP | 2641894 | 237.15 | 85,211 | 20,207,788.65 |
| 3.00 | KSU | KANSAS CITY SOUTHERN | 2607647 | 189.10 | 106,386 | 20,117,592.60 |
| 2.97 | J | JACOBS ENGIN GRP | 2469052 | 107.79 | 184,950 | 19,935,760.50 |
| 2.86 | UNP | UNION PACIFIC CORP | 2914734 | 202.26 | 94,958 | 19,206,205.08 |
| Holdings are subject to change. | ||||||
Investing involves risk, including the possible loss of principal. Narrowly focused investments typically exhibit higher volatility. Investments in infrastructure-related companies have greater exposure to the potential adverse economic, regulatory, political and other changes affecting such entities. Investment in infrastructure-related companies are subject to various risks including governmental regulations, high interest costs associated with capital construction programs, costs associated with compliance and changes in environmental regulation, economic slowdown and excess capacity, competition from other providers of services and other factors. PAVE is non-diversified.
Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Beginning October 15, 2020, market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share. Prior to October 15, 2020, market price returns were based on the midpoint between the Bid and Ask price. NAVs are calculated using prices as of 4:00 PM Eastern Time. The returns shown do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.
Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.
Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Indxx, nor does Indxx make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with Indxx.
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