Global X - U.S. Infrastructure Development ETF
$53.60+0.04 (+0.07%)
- Expense ratio
- 0.47%
- Fund size
- $13.5B
- 1Y return
- +14.8%
- Yield · Last 12 months
- 0.80%
- Holdings
- 100
- Volume · 30D
- 1.8M sh
- NAV per share
- $53.55
- 52W range
The ETF.net PAVE Grade
Score 73 of 100 sits in the A band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.AScore 76Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.Not scoredRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.DScore 37Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.AScore 98Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 78Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.AScore 84Category rank
Our read on PAVE
AMost infrastructure funds own the toll roads and pipelines. PAVE owns the US companies that build them, tracking the Indxx U.S. Infrastructure Development Index since its 2017 launch.
The fund seeks to track, before fees and expenses, the price and yield performance of the Indxx U.S. Infrastructure Development Index.
Why people hold it
- Charges 0.47% a year, undercutting the typical fee among infrastructure ETFs.
- A multi-billion-dollar fund that trades actively, which generally means tight spreads at everyday order sizes.
- About 100 US-listed names, so the exposure is domestic build-out rather than the global utility-and-pipeline basket you get in IGF or GII.
- Live since 2017 and one of the stronger implementations in its infrastructure peer group.
Worth knowing
- Builders, machinery and materials names move with the economic cycle, and this fund screens as riskier than the infrastructure category norm.
- US-only by mandate, so no overseas airports or toll roads; peers like IGF and GII cover that ground.
- Distributions land once or twice a year, so income is a side effect here, not the design.
PAVE Holdings
- Stocks
- 100
- 32%
- DE
Sectors
- Industrials74.2%
- Materials19.7%
- Utilities3.6%
- Technology2.6%
Geography
- United States88.81%
- Ireland9.12%
- Switzerland1.26%
- United Kingdom0.55%
- Belgium0.26%
PAVE Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
PAVE$11,481
Returns run to the Sep 22, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PAVE |
|---|---|
| Year to date | +12.3% |
| 1 month | −5.0% |
| 3 months | −9.4% |
| 1 year | +14.8% |
| 3 years | +21.9% |
| 5 years | +16.7% |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PAVE |
|---|---|---|
| 2026 YTD | +12.3% | |
| 2025 | +19.4% | |
| 2024 | +17.9% | |
| 2023 | +31.0% | |
| 2022 | −7.2% | |
| 2021 | +36.4% | |
| 2020 | +19.7% |
PAVE in the news
PAVE Dividends
- 0.80%
- $0.43
- $0.10 per share
- Twice a year
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Jun 29, 2026 | Jul 2, 2026 | $0.10 |
| Dec 30, 2025 | Jan 7, 2026 | $0.33 |
| Jun 27, 2025 | Jul 7, 2025 | $0.11 |
| Dec 30, 2024 | Jan 7, 2025 | $0.14 |
| Jun 27, 2024 | Jul 5, 2024 | $0.08 |
| Dec 28, 2023 | Jan 8, 2024 | $0.16 |
| Jun 29, 2023 | Jul 10, 2023 | $0.08 |
| Dec 29, 2022 | Jan 9, 2023 | $0.14 |
| Jun 29, 2022 | Jul 8, 2022 | $0.08 |
| Dec 30, 2021 | Jan 7, 2022 | $0.10 |
| Jun 29, 2021 | Jul 8, 2021 | $0.04 |
| Dec 30, 2020 | Jan 8, 2021 | $0.06 |
PAVE Risk
- 20.7%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 0.77
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −26.2%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 1.21
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PAVE Cost
0.47%
PAVE0.47%
- The middle half of Infrastructure funds
- Median 0.55%
9 of the 33 Infrastructure funds charge less.