PAVE


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.

Why PAVE?

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 11/16/18

Ticker PAVE
Primary Exchange Cboe
CUSIP 37954Y673
ISIN US37954Y6730
Bloomberg Index Ticker IPAVE
Net Assets $141,902,607
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 9,050,000
30-Day SEC Yield 0.93%
Unsubsidized 30-Day SEC Yield 0.81%
Distribution Frequency Annually
Distribution Calendar

*Fee waivers are contractual and in effect until at least April 1, 2019

Fund Prices

As of 11/16/18
NAV Price
Net Asset Value $15.68 Closing Price $15.69
Daily Change $0.00 -0.01% Daily Change $0.02 0.10%

Performance History

Cumulative %

Data as of month end (10/31/18)

Fund NAV Closing Price Index
1 Month -12.22% -12.06% -12.15%
3 Months -11.70% -11.70% -11.59%
6 Months -3.33% -3.39% -3.04%
Since Inception 1.04% 1.10% 1.88%

Avg Annualized %

Data as of month end (10/31/18)

Fund NAV Closing Price Index
1 Year -2.67% -2.79% -2.20%
3 Years -- -- --
5 Years -- -- --
Since Inception 0.63% 0.67% 1.13%

Avg Annualized %

Data as of quarter end (9/30/18)

Fund NAV Closing Price Index
1 Year 12.25% 11.83% 12.77%
3 Years -- -- --
5 Years -- -- --
Since Inception 9.39% 9.31% 9.90%

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 11/15/18

Return on Equity 16.20%
Average Market Cap $7,263.00 M
2017 2018
Price-to-earnings 21.17 14.93
Price-to-book value 2.60 2.28

Source: AltaVista Research, LLC

Fund Risk Stats As of 11/15/18

Versus Beta
S&P 500 1.05
MSCI EAFE 0.41
MSCI Emg. Mkts 0.22
Standard Deviation 11.60%

Source: AltaVista Research, LLC

Top 10 Holdings

As of 11/16/18
Net Assets % Name Market Price ($) Shares Held Market Value ($)
4.34 CSX CORP 72.61 84,751 6,153,770.11
3.87 NORFOLK SOUTHERN CORP 172.05 31,902 5,488,739.10
3.65 UNION PACIFIC CORP 151.42 34,234 5,183,712.28
3.61 FASTENAL CO 57.55 88,945 5,118,784.75
3.43 FORTIVE CORP 75.45 64,477 4,864,789.65
3.25 EMERSON ELECTRIC CO 69.62 66,215 4,609,888.30
3.13 NUCOR CORP 63.23 70,197 4,438,556.31
2.98 EATON CORP PLC 74.24 56,863 4,221,509.12
2.86 ROCKWELL AUTOMATION INC 171.60 23,666 4,061,085.60
2.78 MARTIN MARIETTA MATERIALS 188.97 20,890 3,947,583.30
Holdings are subject to change.

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

 

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. Closing price returns do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

High short-term performance of the fund is unusual and investors should not expect such performance to be repeated.

 

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please 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 Indxx, nor does Indxx make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO nor Global X is affiliated with Indxx.