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PAVE ETF · Global X US Infrastructure Development ETF
The PAVE Exchange Traded Fund (ETF) is provided by Global X. It is built to track an index: Indxx U.S. Infrastructure Development Index. The PAVE ETF provides physical exposure, so by buying it you actually own parts of all the 98 underlying holdings. This share class generates a stream of income by distributing dividends.
Real-time data unavailable for PAVE
LIVE
CLOSED
This fund is part ofUS Blended Cap1M perf.-3.01%
Last price
N/A
1M perf.
-7.14%
1M flows
+€57K
AuM
€14M
E/R
0.47%
Rating
Not rated
ESG Consensus®
PAVE
N/A
Performance & flows
Segment for quartile rank
December 11, 2025 → March 11, 2026
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PAVE
A$12.75
-2.07%
US Blended Cap
+1.64%
Historic performance and flows
| 1M | 3M | 1Y | 3Y | 5Y | MTD | QTD | YTD | ||
|---|---|---|---|---|---|---|---|---|---|
| Perf. | -7.14%  | -2.07%  | +19.87%  | N/A | N/A | -6.01% | +1.41% | +1.41% | |
| Flows |
Key fund info
Segment for quartile rank
This ETF's jurisdiction country is not in your region (Europe and Middle East) ·
Main characteristics
More details
NAV
3/11/2026
A$12.75
1D NAV change
-0.22%
Dividend policy
Replication method
Direct (Physical)
Replication model
Full replication
No. of holdings
98
Inception date
6/3/2024
Jurisdiction
Australia
Distribution
Australia
Legal structure
Managed Investment Scheme
Base currency
AUD
Dividend distribution
Trailing 12-month distr. yield
Distribution frequency
Last distribution
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Classification
Product type
Benchmark
Indxx U.S. Infrastructure Development Index
Asset class
Factors
N/A
Investment strategy
The Global X US Infrastructure Development ETF (PAVE) aims to capture a resurging focus on infrastructure in the world’s largest economy. It does so by investing in US-domiciled companies involved in the construction, engineering, material procurement, transportation, and equipment distribution processes of infrastructure projects.
The Global X US Infrastructure Development ETF seeks to provide investors with a return that (before fees and expenses) tracks the performance of the Indxx U.S. Infrastructure Development Index.
Tax optimisation
PEA
France
UK Reporting Status
United Kingdom
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Enterprise
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PAVE
1M perf.
-6.58%
E/R
0.47%
PAVE
1M perf.
-6.59%
E/R
0.47%
HWAY
1M perf.
-7.23%
E/R
0.29%
FXR
1M perf.
-7.51%
E/R
0.6%
FHG
1M perf.
-7.45%
E/R
0.78%
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Risk profile
Segment for quartile rank
Historical risk/return profile
| 3M | 1Y | 3Y | 5Y | |
|---|---|---|---|---|
| Returns | -2.07% | +19.87%  | N/A | N/A |
| Volatility | ||||
| Perf./Volatility | ||||
| Max drawdown |
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Synthetic Risk and Reward Indicator (SRRI)
UCITS
N/A
PRIIPS
N/A
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Enterprise
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Learn more about Trackinsight EnterpriseExposure
Countries
USA
90.90%
Ireland
9.06%
Sectors
Industrials
69.15%
Materials
21.91%
Utilities
2.69%
Information Technology
1.72%
Unavailable
3.66%
Other
0.87%
Diversification
Total weight of top 15 holdings out of 98
Top 15 holdings
Data as of January 31, 2026
HOWMET AEROSPACE INC
PARKER HANNIFIN
QUANTA SERVICES
CRH PLC
UNITED RENTALS
FASTENAL
EMERSON ELECTRIC
NORFOLK SOUTHERN
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ROCKWELL AUTOMAT
CSX
DEERE
SEMPRA ENERGY
NUCOR
TRANE TECHNOLOGIES PLC
MARTIN MARIETTA
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Built for professionals: access exclusive exposure metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseSustainability
Integrates ESG criteria
No
SDG
ESG Consensus® by Conser
Data as of December 31, 2025
MethodologyOur partner Conser gathers the industry's consensus on the business practices of the underlying holdings. We have computed the following metrics about PAVE ETF's sustainability, based on their methodology.
ESG Consensus®
ESG Consensus® is based on the Final Sustainability Grade, which itself consists of 10 grades. Our partner Conser calculates the exact grade, based on market intelligence, using their proprietary ESG Consensus® methodology.
PAVE’s has a Final Sustainability Grade of either B+, B, or B-.
A+
A
A-
B+
B
B-
C+
C
C-
D
This fund’s exact Final Sustainability Grade is available in Trackinsight Enterprise.
Learn more about Trackinsight EnterpriseHoldings review
67.09% of holdings have positive scoring
32.94% of holdings have negative scoring
12.70%
38.05%
16.35%
29.93%
Consensus levels
Strong
Medium
Weak
Built for professionals: access exclusive sustainability metrics in Trackinsight Enterprise.
Enterprise
Trackinsight Enterprise helps professional and institutional ETF investors tackle operational, regulatory, and analytical challenges at every stage of the investment process.
Learn more about Trackinsight EnterpriseIssuer
Global X
Global X ID Card
Number of funds
482
Total AuM
€136.88B
Expense ratio range
0.02% - 2.06%
Average expense ratio
0.5815%
Top 5 funds by Global X
| AuM | ||
|---|---|---|
PAVE | Global X U.S. Infrastructure Development ETF | €10.26B |
QYLD | Global X Nasdaq 100 Covered Call ETF | €7.15B |
SHLD | Global X Defense Tech ETF | €6.93B |
AIQ | Global X Artificial Intelligence & Technology ETF | €6.72B |
COPX | Global X Copper Miners ETF | €6.43B |
Frequently asked questions about PAVE
What does Global X US Infrastructure Development ETF, PAVE, invest in?
PAVE is a Passive ETF. This ETF provides exposure to US Equities.
Which benchmark or index does PAVE replicate?
PAVE tracks the Indxx U.S. Infrastructure Development Total Return Index - USD, through a full replication replication method.
What is the Total Expense ratio (TER) of PAVE?
PAVE carries a total expense ratio (TER) of 0.47%, indicating the annual cost for holding the fund.
When was PAVE launched?
PAVE was introduced to the market on June 3, 2024. It trades on Australia
Who is the ETF issuer of PAVE?
Global X US Infrastructure Development ETF, PAVE, is provided by Global X. Learn more about Global X here.
What is the current assets under management (AUM) of PAVE?
PAVE oversees €14M in assets as of March 11, 2026.
How has PAVE performed lately?
Based on data from March 11, 2026, PAVE returned -7.14% over the past month, -2.07% over the last three months and 1.41% year-to-date.
What are the latest inflows or outflows for PAVE?
As of March 11, 2026, PAVE recorded net flows of +€52K over the last month and +€831K year-to-date.
Does PAVE distribute dividends?
PAVE follows a distributing dividend policy, meaning it pays out income to investors.
What are the main country or region exposures of PAVE?
As of January 31, 2026, PAVE has significant geographic allocations in USA and Ireland.
In which sector or theme does PAVE invest in?
As of January 31, 2026, PAVE focuses largely on Industrials, Materials and Utilities.
How many securities does PAVE hold and how diversified is it?
As of January 31, 2026, PAVE holds 98 positions in its portfolio, with 44.99% of assets concentrated in its top 15 holdings.
What are the main positions in PAVE?
As of January 31, 2026, PAVE top three holdings include HOWMET AEROSPACE INC, PARKER HANNIFIN and QUANTA SERVICES.
What is the base currency of PAVE?
The base currency of PAVE is AUD.
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