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.


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 12/15/17

Ticker PAVE
Primary Exchange Cboe
CUSIP 37954Y673
ISIN US37954Y6730
Bloomberg Index Ticker IPAVE
Net Assets $21,041,131
Management Fee 0.58%
Total Annual Fund Operating Expense 0.58%
Fee Waiver* -0.11%
Annual Fund Operating Expense 0.47%
Inception Date 3/6/17
Shares Outstanding 1,300,000
30-Day SEC Yield 0.75%
Unsubsidized 30-Day SEC Yield 0.64%
Distribution Frequency Annually

*Fee waivers are contractual and in effect until at least March 1, 2018

Fund Prices

As of 12/15/17
NAV Price
Net Asset Value $16.19 Closing Price $16.21
Daily Change $0.10 0.60% Daily Change $0.09 0.56%

Performance History

Cumulative %

Data as of month end (11/30/17)

Fund NAV Closing Price Index
1 Month 3.92% 3.92% 3.96%
3 Months 12.14% 12.35% 12.33%
6 Months 13.40% 13.45% 13.69%
Since Inception 7.88% 8.08% 8.29%

Cumulative %

Data as of quarter end (9/30/17)

Fund NAV Closing Price Index
Since Inception 2.54% 2.80% 2.84%

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.

Fund Characteristics As of 12/14/17

Return on Equity 14.40%
Average Market Cap $7,942.00 M
2016 2017
Price-to-earnings 26.42 22.37
Price-to-book value 3.41 3.07

Source: AltaVista Research, LLC

Top 10 Holdings

As of 12/15/17
Net Assets % Name Market Price ($) Shares Held Market Value ($)
3.60 FORTIVE CORP 72.06 10,501 756,702.06
3.56 ROCKWELL AUTOMATION INC 190.93 3,925 749,400.25
3.41 UNITED RENTALS INC 164.29 4,367 717,454.43
3.38 UNION PACIFIC CORP 130.60 5,446 711,247.60
3.32 NORFOLK SOUTHERN CORP 141.11 4,943 697,506.73
3.20 WESTLAKE CHEMICAL CORP 100.69 6,696 674,220.24
3.16 EMERSON ELECTRIC CO 67.26 9,895 665,537.70
3.15 CSX CORP 52.93 12,516 662,471.88
3.01 EATON CORP PLC 77.29 8,202 633,932.58
2.96 FASTENAL CO 53.28 11,688 622,736.64
Holdings are subject to change.

Investing involves risk, including the possible loss of principal. Narrowly focused investments typically exhibit higher volatility. The fund is non-diversified.

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.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. 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, risk factors, charges, and expenses before investing. This and additional information can be found in the fund’s full or summary prospectus, which may be obtained by calling 1-888-GX-FUND-1 (1.888.493.8631), or by visiting 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. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, FTSE, Standard & Poors, NASDAQ, Indxx, or MSCI nor do these companies make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO nor Global X is affiliated with Solactive AG, FTSE, Standard & Poors, NASDAQ, Indxx, or MSCI.