Key stats
About GLOBAL X U.S. INFRASTRUCTURE DEVELOPMENT ETF
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Inception date
Mar 6, 2017
Structure
Open-Ended Fund
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
PAVE`s definition of infrastructure includes many players in the construction supply chain, such as producers of raw materials, construction equipment producers, industrial transportation, and engineering services. Unlike most other infrastructure-themed funds, PAVE focuses on domestic infrastructure, as companies must be listed in and derive more than 50% of their revenue from the US. The Index may include large-, mid-, and small-cap companies weighted by market capitalization. MLPs, REITs and BDCs are excluded. For diversification purposes, PAVE undergoes annual reconstitution and rebalance with a single security cap of 3% and a single security floor of 0.3%.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Producer Manufacturing
Non-Energy Minerals
Electronic Technology
Industrial Services
Stocks99.90%
Producer Manufacturing29.23%
Non-Energy Minerals18.92%
Electronic Technology13.38%
Industrial Services11.26%
Transportation8.76%
Distribution Services5.35%
Finance3.72%
Utilities3.54%
Technology Services2.46%
Process Industries2.37%
Retail Trade0.91%
Bonds, Cash & Other0.10%
Cash0.07%
Futures0.02%
Stock breakdown by region
North America92.59%
Europe7.41%
Latin America0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PAVE invests in stocks. The fund's major sectors are Producer Manufacturing, with 29.23% stocks, and Non-Energy Minerals, with 18.92% of the basket. The assets are mostly located in the North America region.
PAVE top holdings are Howmet Aerospace Inc. and Fastenal Company, occupying 4.21% and 3.47% of the portfolio correspondingly.
PAVE last dividends amounted to 2.88 MXN. Six months before that, the issuer paid 1.48 MXN in dividends, which shows a 48.56% increase.
Yes, PAVE pays dividends to its holders with the dividend yield of 0.53%. The last dividend (Jan 7, 2025) amounted to 2.88 MXN. The dividends are paid semi-annually.
PAVE shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Mar 6, 2017, and its management style is Passive.
PAVE expense ratio is 0.47% meaning you'd have to pay 0.47% of your investment to help manage the fund.
PAVE follows the Indxx U.S. Infrastructure Development Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PAVE invests in stocks.
PAVE price has risen by 8.21% over the last month, and its yearly performance shows a 24.25% increase. See more dynamics on PAVE price chart.
NAV returns, another gauge of an ETF dynamics, have risen by 13.50% over the last month, showed a −5.67% decrease in three-month performance and has increased by 25.94% in a year.
NAV returns, another gauge of an ETF dynamics, have risen by 13.50% over the last month, showed a −5.67% decrease in three-month performance and has increased by 25.94% in a year.
PAVE trades at a premium (0.83%) meaning the ETF is trading at a higher price than the calculated NAV.