Data as of . Holdings from the fund’s latest public SEC N-PORT filing; overlap and active share computed by ETFIQ against the IVV and QQQM books; returns from Tiingo end-of-day prices with distributions reinvested.
PAVE · Global X U.S. Infrastructure Development ETF
Global X · Themes desk
Open the live card on ETFIQBy weight, 62% of PAVE's portfolio is stocks that are also in the S&P 500; its active share against the S&P 500 is 97%. The top ten holdings are 32% of the fund across 100 positions, as filed for May 31, 2026. Over the year to Sep 4, 2026 the fund returned +19.3% with distributions reinvested against +20.0% for the S&P 500, so a holder was behind by 0.7 pts. It sits 7.9% below its all-time high of Jun 25, 2026.
| Theme (ETFIQ, editorial) | Infrastructure |
|---|---|
| Launched | Mar 8, 2017 |
| Already in the S&P 500, by weight (ETFIQ) | 62.1% |
| Active share vs the S&P 500 (ETFIQ) | 97.2% |
| Already in the Nasdaq-100, by weight (ETFIQ) | 6.2% |
| Active share vs the Nasdaq-100 (ETFIQ) | 99.4% |
| Top ten holdings weight | 32.3% |
| Holdings | 100 |
| Net assets (latest filing) | $13,540M |
| Holdings as of (SEC N-PORT) | May 31, 2026 |
| Top holdings | QUANTA SERVICES, INC. 4.2%, CSX Corporation 3.5%, EATON CORPORATION PUBLIC LIMITED COMPANY 3.3%, HOWMET AEROSPACE INC. 3.3%, TRANE TECHNOLOGIES PLC 3.2%, UNION PACIFIC CORPORATION 3.1%, NUCOR CORPORATION 3.1%, ROCKWELL AUTOMATION, INC. 2.9%, NORFOLK SOUTHERN CORPORATION 2.9%, UNITED RENTALS, INC. 2.9% |
| 3 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | −2.5% / +4.7% / −7.2 pts / −4.6 pts |
| 6 months: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +7.1% / +15.2% / −8.0 pts / −13.0 pts |
| 1 year: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +19.3% / +20.0% / −0.7 pts / −6.3 pts |
| 3 years: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +77.6% / +78.0% / −0.4 pts / −15.9 pts |
| since launch: total return / S&P 500 / gap / Nasdaq-100 gap (ETFIQ) | +297.3% / +278.3% / +19.0 pts / −189.6 pts |
| Below its all-time high (ETFIQ) | −7.9% |
| Expense ratio (prospectus XBRL) | 0.47% |
| Fee for the part that differs from the S&P 500, active expense ratio (ETFIQ) | 0.48% |
| Closest funds by holdings overlap | IFRA 38%, RBLD 21%, ELFY 16%, AIPO 15%, CCSO 14% |
Questions people ask
- How much of PAVE is already in the S&P 500?
- By its holdings filed for May 31, 2026, 62% of PAVE by weight is stocks the S&P 500 already holds. Its active share against the index is 97%, so that share is the part doing something different.
- What does PAVE hold?
- 100 positions as filed for May 31, 2026, with the top ten at 32% of the fund. The largest are QUANTA SERVICES, INC. at 4.2%, CSX Corporation at 3.5%, EATON CORPORATION PUBLIC LIMITED COMPANY at 3.3%.
- Has PAVE beaten the S&P 500?
- Over the year to Sep 4, 2026 PAVE returned +19.3% with distributions reinvested, against +20.0% for the S&P 500, so it finished behind the index by 0.7 points.
- What does PAVE cost?
- The prospectus expense ratio is 0.47% a year. Because 97% of the fund differs from the S&P 500, the fee on that differing part works out at 0.48%.
Where these figures came from
ETFIQ links to the documents behind every figure. It is not affiliated with any issuer, and a link is not an endorsement.
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