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 03/05/21

Key Facts

Ticker PAVE
Inception Date 03/06/17
CUSIP 37954Y673
ISIN US37954Y6730
Bloomberg Index Ticker IPAVE
Primary Exchange Cboe
Number of Holdings 101

Stats & Fees

Net Assets $1,649,301,197
Net Asset Value (NAV) $23.43
Shares Outstanding 70,400,000
Total Expense Ratio 0.47%

Distributions

30-Day SEC Yield 0.71%
Distribution Frequency Semi-Annually

Fund Prices As of 03/05/21

NAV $23.43 Daily Change $0.68 2.99%
Market Price $23.44 Daily Change $0.67 2.94%
30-Day Median Bid-Ask Spread 0.09%

Performance History

As of recent
(12/31/20)
As of recent
(12/31/20)
Fund NAV Market Price Index
1 Year 20.10% 19.84% 20.67%
3 Years 8.99% 8.87% 9.49%
Since Inception 10.22% 10.20% 10.71%
1 Year 47.14% 46.98% 47.96%
3 Years 12.78% 12.70% 13.34%
Since Inception 11.83% 11.85% 12.37%
Year-to-Date 20.10% 19.84% 20.67%
1 Month 5.12% 4.86% 5.18%
3 Months 26.41% 26.21% 26.61%
Since Inception 44.96% 44.89% 47.59%
Year-to-Date 7.68% 7.83% 7.87%
1 Month 9.86% 9.95% 9.98%
3 Months 13.19% 13.07% 13.46%
Since Inception 56.09% 56.23% 59.20%

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. High short-term performance of the Fund, when observed, is unusual and investors should not expect such performance to be repeated.

Fund Characteristics As of 03/05/21

Return on Equity 14.50%
Weighted Avg. Market Cap 27,463 M
2020 2021
Price-to-earnings 29.61 21.47
Price-to-book value 3.30 2.96

Source: AltaVista Research, LLC

Fund Risk Stats As of 03/05/21

Versus Beta
S&P 500 1.34
MSCI EAFE 1.30
MSCI Emg. Mkts 1.09
Standard Deviation 26.50%

Source: AltaVista Research, LLC

Sector Breakdown As of 02/28/21

% of Net Assets
Industrials 65.4
Materials 21.3
Information Technology 5.4
Utilities 3.5
Financials 3.4
Consumer Discretionary 0.8
Other/Cash 0.2

Source: AltaVista Research, LLC

Top Holdings As of 03/05/21

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
3.25 DE DEERE & CO 2261203 349.83 153,598 53,733,188.34
3.12 ETN EATON CORP PLC B8KQN82 137.39 375,246 51,555,047.94
3.09 EMR EMERSON ELECTRIC CO 2313405 91.04 560,788 51,054,139.52
3.08 PH PARKER HANNIFIN CORP 2671501 299.99 169,392 50,815,906.08
2.99 VMC VULCAN MATERIALS CO 2931205 167.42 295,477 49,468,759.34
2.98 NSC NORFOLK SOUTHERN CORP 2641894 256.00 192,599 49,305,344.00
2.95 TT TRANE TECHNOLOGIES PLC BK9ZQ96 160.42 303,918 48,754,525.56
2.87 UNP UNION PACIFIC CORP 2914734 209.71 225,968 47,387,749.28
2.84 CSX CSX CORP 2160753 91.63 512,361 46,947,638.43
2.77 SRE SEMPRA ENERGY 2138158 119.17 383,768 45,733,632.56
2.72 FTV FORTIVE CORP BYT3MK1 67.12 669,904 44,963,956.48
2.71 URI UNITED RENTALS INC 2134781 300.96 148,831 44,792,177.76
2.70 ROK ROCKWELL AUTOMATION INC 2754060 253.09 176,613 44,698,984.17
2.66 FAST FASTENAL CO 2332262 45.18 974,728 44,038,211.04
2.56 MLM MARTIN MARIETTA MATERIALS 2572079 329.79 128,329 42,321,620.91
2.47 KSU KANSAS CITY SOUTHERN 2607647 211.69 193,009 40,858,075.21
2.39 NUE NUCOR CORP 2651086 62.92 627,157 39,460,718.44
2.21 TRMB TRIMBLE INC 2903958 70.67 515,914 36,459,642.38
1.89 J JACOBS ENGIN GRP 2469052 115.52 270,084 31,200,103.68
1.88 IEX IDEX CORP 2456612 197.96 157,240 31,127,230.40
1.65 HWM HOWMET AEROSPACE INC BKLJ8V2 30.37 900,402 27,345,208.74
1.45 PWR QUANTA SERVICES INC 2150204 83.12 288,455 23,976,379.60
1.43 WLK WESTLAKE CHEMICAL CORP B01ZP20 89.40 265,090 23,699,046.00
1.40 GGG GRACO INC 2380443 66.31 348,017 23,077,007.27
1.37 RPM RPM INTERNATIONAL INC 2756174 83.52 270,235 22,570,027.20
1.23 HUBB HUBBELL INC BDFG6S3 180.71 112,750 20,375,052.50
1.21 STLD STEEL DYNAMICS INC 2849472 45.72 436,828 19,971,776.16
1.21 PNR PENTAIR PLC BLS09M3 57.68 345,384 19,921,749.12
1.13 RS RELIANCE STEEL & ALUMINUM 2729068 140.27 132,506 18,586,616.62
1.12 BLDR BUILDERS FIRSTSOURCE INC B0BV2M7 43.52 425,881 18,534,341.12
1.08 ACM AECOM B1VZ431 58.26 306,851 17,877,139.26
1.01 CSL CARLISLE COS INC 2176318 151.25 110,733 16,748,366.25
0.91 WWD WOODWARD INC 2948089 115.23 130,329 15,017,810.67
0.90 WMS ADVANCED DRAINAG BP7RS59 102.25 146,149 14,943,735.25
0.89 LECO LINCOLN ELECTRIC HOLDINGS 2516851 119.68 123,384 14,766,597.12
0.87 TTEK TETRA TECH INC 2883890 129.39 111,652 14,446,652.28
0.86 MTZ MASTEC INC 2155306 92.79 153,187 14,214,221.73
0.81 BLD TOPBUILD CORP BZ0P3W2 194.91 68,417 13,335,157.47
0.77 MDU MDU RESOURCES GROUP INC 2547323 30.70 416,064 12,773,164.80
0.72 EME EMCOR GROUP INC 2474164 104.48 114,107 11,921,899.36
0.72 RXN REXNORD CORP B4NPMX6 47.71 249,694 11,912,900.74
0.71 CLF CLEVELAND-CLIFFS INC BYVZ186 14.12 828,776 11,702,317.12
0.68 AA ALCOA CORP BYNF418 28.99 385,565 11,177,529.35
0.66 LPX LOUISIANA-PACIFIC CORP 2535243 48.43 226,641 10,976,223.63
0.66 EXP EAGLE MATERIALS INC 2191399 126.11 86,660 10,928,692.60
0.65 CR CRANE CO 2231897 89.51 120,475 10,783,717.25
0.62 VMI VALMONT INDUSTRIES 2926825 233.56 44,012 10,279,442.72
0.62 EXPO EXPONENT INC 2330318 94.81 107,178 10,161,546.18
0.61 ROLL RBC BEARINGS INC B0GLYB5 194.83 52,126 10,155,708.58
0.57 AYI ACUITY BRANDS INC 2818461 126.21 74,779 9,437,857.59
0.54 WCC WESCO INTERNATIONAL INC 2416973 86.44 103,663 8,960,629.72
0.50 X UNITED STATES STEEL CORP 2824770 18.15 457,045 8,295,366.75
0.50 AIMC ALTRA INDUSTRIAL B1L82T2 61.74 134,184 8,284,520.16
0.43 CMC COMMERCIAL METALS CO 2213260 28.76 248,634 7,150,713.84
0.42 TRN TRINITY INDUSTRIES INC 2904627 29.48 236,801 6,980,893.48
0.42 SUM SUMMIT MATERIA-A BW9JPS4 29.18 236,249 6,893,745.82
0.41 ATKR Atkore Inc BDHF495 69.25 98,545 6,824,241.25
0.41 CENX CENTURY ALUMINUM COMPANY 2186254 16.64 407,949 6,788,271.36
0.40 DNOW NOW INC BMH0MV1 11.32 578,651 6,550,329.32
0.38 TEX TEREX CORP 2884224 43.80 143,079 6,266,860.20
0.37 GBX GREENBRIER COMPANIES INC 2387530 47.23 130,022 6,140,939.06
0.37 BMI BADGER METER INC 2069128 100.37 60,953 6,117,852.61
0.36 MRC MRC GLOBAL INC B7M66F1 9.29 644,433 5,986,782.57
0.36 HAYN HAYNES INTERNATIONAL INC B02WVH7 30.15 197,227 5,946,394.05
0.36 ACA ARCOSA INC BGPZ5W8 59.15 100,072 5,919,258.80
0.36 HRI HERC HOLDINGS INC BZBZ020 88.24 66,542 5,871,666.08
0.35 AEGN AEGION CORP B764L34 26.00 225,090 5,852,340.00
0.35 CMCO COLUMBUS MCKINNON CORP/NY 2211071 53.12 109,122 5,796,560.64
0.35 DY DYCOM INDUSTRIES INC 2289841 87.53 66,181 5,792,822.93
0.35 USCR US CONCRETE INC B4M8043 58.90 98,242 5,786,453.80
0.35 ARNC ARCONIC CORP BKLJ8S9 25.27 226,140 5,714,557.80
0.34 PRIM PRIMORIS SERVICES CORP B1GC200 36.38 153,882 5,598,227.16
0.34 ROCK GIBRALTAR INDUSTRIES INC 2369226 81.42 67,955 5,532,896.10
0.33 IIIN INSTEEL INDUSTRIES INC 2325875 32.98 167,531 5,525,172.38
0.33 MTX MINERALS TECHNOLOGIES INC 2595612 75.40 71,895 5,420,883.00
0.33 AGX ARGAN INC 2804501 50.93 105,769 5,386,815.17
0.32 TITN TITAN MACHINERY INC B29H3T5 25.47 210,191 5,353,564.77
0.32 ATI ALLEGHENY TECH 2526117 20.26 262,619 5,320,660.94
0.32 FRTA FORTERRA INC BYT4SV7 23.45 226,728 5,316,771.60
0.32 CALX CALIX INC B3S4L67 38.93 135,728 5,283,891.04
0.32 MTW MANITOWOC COMPANY INC BDFCGV4 16.99 309,593 5,259,985.07
0.32 GVA GRANITE CONSTRUCTION INC 2381189 37.00 141,315 5,228,655.00
0.31 SPXC SPX CORP 2787185 55.77 92,857 5,178,634.89
0.31 POWL POWELL INDUSTRIES INC 2697422 33.31 155,021 5,163,749.51
0.31 MLI MUELLER INDUSTRIES INC 2609717 41.49 123,677 5,131,358.73
0.31 MTRX MATRIX SERVICE CO 2572068 14.40 355,256 5,115,686.40
0.31 MWA MUELLER WATER-A B15RZR4 13.25 382,561 5,068,933.25
0.31 ASTE ASTEC INDUSTRIES INC 2060370 71.44 70,869 5,062,881.36
0.31 HEES H&E EQUIPMENT SE B0WR848 33.56 150,056 5,035,879.36
0.30 WNC WABASH NATIONAL CORP 2932048 17.89 278,404 4,980,647.56
0.30 RYI RYERSON HOLDING CORP B3TPPZ6 14.46 344,306 4,978,664.76
0.30 NWPX NORTHWEST PIPE CO 2035925 34.25 144,685 4,955,461.25
0.30 TISI TEAM INC 2879123 11.60 423,795 4,916,022.00
0.30 GRC GORMAN-RUPP CO 2379281 34.35 142,554 4,896,729.90
0.29 CSWI CSW INDUSTRIALS INC BYQD1J6 128.21 37,855 4,853,389.55
0.29 TPC TUTOR PERINI CORP 2681760 16.95 286,295 4,852,700.25
0.28 MYRG MYR GROUP INC/DELAWARE B3CLS18 62.34 73,524 4,583,486.16
0.26 WLDN WILLDAN GROUP INC B1HP598 45.15 93,664 4,228,929.60
0.25 STRL STERLING CONSTRUCTION CO 2632876 21.03 199,177 4,188,692.31
0.25 ROAD CONSTRUCTION P-A BDT5M66 28.71 145,122 4,166,452.62
0.12 CASH 1.00 2,012,753 2,012,752.62
0.00 MLI 6 03/01/27 BYXD3G0 1.02 1,000 1,023.20
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.