PAVEGlobal X U.S. Infrastructure Development ETF
Factor & Specialty ETF · Global X
Holdings as of May 31, 2026
PAVE is a Factor & Specialty ETF from Global X holding 100 positions as of May 31, 2026, with $14.1B in assets and a 0.47% net expense ratio. Its largest positions are PWR (4.2%), CSX (3.5%) and ETN (3.3%); the top 10 holdings account for 32.3% of the portfolio. By sector it leans Industrials (75.1%) and Materials (20.3%). It yields 0.73% on a trailing-12-month basis.
- Issuer
- Global X
- Holdings
- 100
- Net Assets
- $14.1BETF assets as of 2026-08-10
- Expense Ratio
- 0.47%per latest SEC prospectus filing
- TTM Yield
- 0.73%trailing 12-month distributions
Performance
- 1M
- +4.0%
- YTD
- +23.0%
- 1Y
- +29.9%
- 3Y (ann.)
- +22.7%
- 5Y (ann.)
- +18.1%
- 10Y (ann.)
- —
A $10,000 investment 5 years ago would be worth $22,936 today at the 5Y annualized rate. This is a backward-looking illustration, not a forecast. Project its future growth →
Total returns including dividends as of 2026-08-07. 3Y/5Y/10Y annualized. Past performance does not predict future results.
Sector Breakdown
| Industrials | 75.1% |
|---|---|
| Materials | 20.3% |
| Utilities | 3.1% |
| Information Technology | 1.1% |
| Other Sectors | 0.0% |
Top 25 Holdings
| # | Holding | Weight |
|---|---|---|
| 1 |  PWRQuanta Services, Inc. COM | 4.18% |
| 2 |  CSXCSX Corporation COM | 3.48% |
| 3 |  ETNEaton Corporation PLC COM USD0.01 | 3.30% |
| 4 |  HWMHowmet Aerospace Inc COM | 3.27% |
| 5 |  TTTrane Technologies PLC COM USD1 | 3.19% |
| 6 |  UNPUnion Pacific Corporation COM | 3.12% |
| 7 |  NUENucor Corporation COM | 3.10% |
| 8 |  ROKRockwell Automation, Inc. COM | 2.92% |
| 9 |  NSCNorfolk Southern Corporation COM | 2.90% |
| 10 |  URIUnited Rentals, Inc. COM | 2.87% |
| 11 |  DEDeere & Company COM | 2.86% |
| 12 |  SRESempra COM | 2.86% |
| 13 |  FASTFastenal Co. COM | 2.71% |
| 14 |  EMREmerson Electric Co. COM | 2.64% |
| 15 |  PHParker-Hannifin Corp. COM | 2.48% |
| 16 |  CRHCRH plc | 2.41% |
| 17 |  STLDSteel Dynamics, Inc. COM | 2.06% |
| 18 |  VMCVulcan Materials Company COM | 2.03% |
| 19 |  EMEEmcor Group Inc COM | 2.01% |
| 20 |  MLMMartin Marietta Materials Inc COM | 1.90% |
| 21 |  AMRZAmrize Ltd. | 1.63% |
| 22 |  MTZMastec, Inc. COM | 1.62% |
| 23 |  STRLSterling Infrastructure Inc COM | 1.43% |
| 24 |  HUBBHubbell Incorporated COM | 1.36% |
| 25 |  ATIATI Inc COMMON STOCK | 1.29% |
Showing the top 25 of 100 holdings. See the full PAVE holdings list →
PAVE alternatives
The closest Factor & Specialty ETFs to PAVE by portfolio overlap — the share of weight both funds hold in the same securities.
| Fund | Overlap | Expense | Assets | |
|---|---|---|---|---|
 IFRAiShares U.S. Infrastructure ETF | 38% | 0.3%cheaper | $4.6B | Compare → |
 GRIDFirst Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund | 10% | 0.56%pricier | $12.2B | Compare → |
 SPGPInvesco S&P 500 GARP ETF | 7% | 0.36%cheaper | $2.3B | Compare → |
 SPHQInvesco S&P 500 Quality ETF | 6% | 0.15%cheaper | $20.0B | Compare → |
 DSIiShares ESG MSCI KLD 400 ETF | 5% | 0.25%cheaper | $5.5B | Compare → |
 DYNFiShares U.S. Equity Factor Rotation Active ETF | 4% | 0.26%cheaper | $38.6B | Compare → |
 DUHPDimensional US High Profitability ETF | 4% | 0.2%cheaper | $12.3B | Compare → |
 CGBLCapital Group Core Balanced ETF | 4% | 0.33%cheaper | $7.5B | Compare → |
Frequently Asked Questions
What is PAVE's expense ratio?
PAVE has a net expense ratio of 0.47%, per its latest SEC prospectus filing. That works out to about $47 a year on a $10,000 investment.
How many holdings does PAVE have?
PAVE held 100 positions as of May 31, 2026, per its latest official holdings data.
What are PAVE's top 10 holdings?
PAVE's largest positions are PWR (4.2%), CSX (3.5%), ETN (3.3%), HWM (3.3%), TT (3.2%), UNP (3.1%), NUE (3.1%), ROK (2.9%), NSC (2.9%), URI (2.9%). Together they account for 32.3% of the portfolio.
What is PAVE's dividend yield?
PAVE yields 0.73% based on its trailing 12-month distributions, as of Aug 7, 2026.
How big is PAVE?
PAVE has $14.1B in assets as of Aug 10, 2026.
What are good alternatives to PAVE?
By portfolio overlap, the closest Factor & Specialty ETFs to PAVE are IFRA (38% overlap), GRID (10% overlap), SPGP (7% overlap). Overlap measures the share of portfolio weight both funds hold in the same securities.