PAVE


U.S. Infrastructure Development ETF

Fund 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.

Fund 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.

Why PAVE?

Invest in Infrastructure

PAVE offers access to a range of companies involved in multiple facets of infrastructure development.

Targeted Exposure

The fund is a targeted thematic play on the future of infrastructure in the United States.

ETF Efficiency

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.

Fund Details As of 12/03/20

Key Facts

Ticker PAVE
Inception Date 03/06/17
CUSIP 37954Y673
ISIN US37954Y6730
Bloomberg Index Ticker IPAVE
Primary Exchange Cboe
Number of Holdings 94

Stats & Fees

Net Assets $671,393,901
Net Asset Value (NAV) $20.47
Shares Outstanding 32,800,000
Total Expense Ratio 0.47%

Distributions

30-Day SEC Yield 0.70%
Distribution Frequency Semi-Annually

Fund Prices As of 12/03/20

NAV $20.47 Daily Change $0.05 0.25%
Market Price $20.49 Daily Change $0.07 0.34%
30-Day Median Bid-Ask Spread 0.10%

Performance History

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.

Fund Characteristics As of 12/03/20

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

Fund Risk Stats As of 12/03/20

Versus Beta
S&P 500 1.31
MSCI EAFE 1.28
MSCI Emg. Mkts 1.07
Standard Deviation 26.20%

Source: AltaVista Research, LLC

Sector Breakdown As of 11/30/20

% 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

Top 10 Holdings As of 12/03/20

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.