{
 "ticker": "PAVE",
 "name": "Global X U.S. Infrastructure Development ETF",
 "issuer": "Global X",
 "desk": "themes",
 "url": "https://etfiq.com/funds/pave",
 "html": "https://etfiq.com/funds/pave",
 "markdown": "https://etfiq.com/funds/pave.md",
 "as_of": "2026-09-11",
 "verdict": "PAVE holds 102 stocks, and 37% of its weight is outside the S&P 500.",
 "key_facts": [
  {
   "key": "already_in_the_s_p_500",
   "label": "Already in the S&P 500",
   "value": "63.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PAVE, already in the S&P 500: 63.1%, as of Sep 11, 2026."
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.2%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PAVE, active share vs the S&P 500: 97.2%, as of Sep 11, 2026."
  },
  {
   "key": "top_ten_holdings",
   "label": "Top ten holdings",
   "value": "32.1%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PAVE, top ten holdings: 32.1%, as of Sep 11, 2026."
  },
  {
   "key": "total_return_1_year",
   "label": "Total return, 1 year",
   "value": "+15.7%",
   "source": null,
   "as_of": "2026-09-11",
   "sentence": "PAVE, total return, 1 year: +15.7%, as of Sep 11, 2026."
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$13.7bn",
   "source": "the issuer own daily fund list, as of Sep 11, 2026",
   "as_of": "2026-09-11",
   "sentence": "PAVE, net assets: $13.7bn (the issuer own daily fund list, as of Sep 11, 2026)."
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.47%",
   "source": "485BPOS XBRL, Mar 27, 2026",
   "as_of": "2026-09-11",
   "sentence": "PAVE, expense ratio: 0.47% (485BPOS XBRL, Mar 27, 2026)."
  }
 ],
 "fields": [
  {
   "key": "theme",
   "label": "Theme",
   "value": "Infrastructure",
   "source": "ETFIQ, editorial"
  },
  {
   "key": "launched",
   "label": "Launched",
   "value": "Mar 8, 2017",
   "source": null
  },
  {
   "key": "already_in_the_s_p_500_by_weight",
   "label": "Already in the S&P 500, by weight",
   "value": "63.1%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_s_p_500",
   "label": "Active share vs the S&P 500",
   "value": "97.2%",
   "source": "ETFIQ"
  },
  {
   "key": "already_in_the_nasdaq_100_by_weight",
   "label": "Already in the Nasdaq-100, by weight",
   "value": "6.3%",
   "source": "ETFIQ"
  },
  {
   "key": "active_share_vs_the_nasdaq_100",
   "label": "Active share vs the Nasdaq-100",
   "value": "99.4%",
   "source": "ETFIQ"
  },
  {
   "key": "top_ten_holdings_weight",
   "label": "Top ten holdings weight",
   "value": "32.1%",
   "source": null
  },
  {
   "key": "holdings",
   "label": "Holdings",
   "value": "102",
   "source": null
  },
  {
   "key": "holdings_as_of",
   "label": "Holdings as of",
   "value": "Sep 11, 2026",
   "source": "the issuer\u2019s daily file"
  },
  {
   "key": "top_holdings",
   "label": "Top holdings",
   "value": "DEERE & CO 3.5%, NUCOR CORP 3.4%, FASTENAL CO 3.4%, EMERSON ELECTRIC CO 3.4%, EATON CORP PLC 3.3%, QUANTA SERVICES INC 3.2%, PARKER HANNIFIN CORP 3.1%, UNION PACIFIC CORP 3.0%, ROCKWELL AUTOMATION INC 3.0%, CSX CORP 3.0%",
   "source": null
  },
  {
   "key": "net_assets",
   "label": "Net assets",
   "value": "$13.7bn",
   "source": "the issuer own daily fund list, as of Sep 11, 2026"
  },
  {
   "key": "below_its_all_time_high",
   "label": "Below its all-time high",
   "value": "\u22129.7%",
   "source": "ETFIQ"
  },
  {
   "key": "expense_ratio",
   "label": "Expense ratio",
   "value": "0.47%",
   "source": "485BPOS XBRL, Mar 27, 2026"
  },
  {
   "key": "fee_for_the_part_that_differs_from_the_s_p_500_active_expense_ratio",
   "label": "Fee for the part that differs from the S&P 500, active expense ratio",
   "value": "0.48%",
   "source": "ETFIQ"
  },
  {
   "key": "closest_funds_by_holdings_overlap",
   "label": "Closest funds by holdings overlap",
   "value": "IFRA 36%, DRES 25%, RBLD 22%, MADE 21%, ELFY 15%",
   "source": null
  }
 ],
 "periods": [
  {
   "window": "3 months",
   "Total return": "\u22126.2%",
   "S&P 500": "+3.3%",
   "Gap to S&P 500": "\u22129.5 pts",
   "Gap to Nasdaq-100": "\u22125.4 pts"
  },
  {
   "window": "6 months",
   "Total return": "+8.0%",
   "S&P 500": "+16.0%",
   "Gap to S&P 500": "\u22128.0 pts",
   "Gap to Nasdaq-100": "\u221212.7 pts"
  },
  {
   "window": "1 year",
   "Total return": "+15.7%",
   "S&P 500": "+17.5%",
   "Gap to S&P 500": "\u22121.8 pts",
   "Gap to Nasdaq-100": "\u22127.3 pts"
  },
  {
   "window": "3 years",
   "Total return": "+76.8%",
   "S&P 500": "+77.9%",
   "Gap to S&P 500": "\u22121.1 pts",
   "Gap to Nasdaq-100": "\u221218.3 pts"
  },
  {
   "window": "Since launch",
   "Total return": "+289.6%",
   "S&P 500": "+275.4%",
   "Gap to S&P 500": "+14.1 pts",
   "Gap to Nasdaq-100": "\u2212194.1 pts"
  }
 ],
 "questions": [
  {
   "q": "How much of PAVE is in S&P 500 companies?",
   "a": "By its holdings published by its issuer for Sep 11, 2026, 63% 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."
  },
  {
   "q": "What does PAVE hold?",
   "a": "102 positions as published by its issuer for Sep 11, 2026, with the top ten at 32% of the fund. The largest are DEERE & CO at 3.5%, NUCOR CORP at 3.4%, FASTENAL CO at 3.4%."
  },
  {
   "q": "Has PAVE beaten the S&P 500?",
   "a": "Over the year to Sep 11, 2026 PAVE returned +15.7% with distributions reinvested, against +17.5% for the S&P 500, so it finished behind the index by 1.8 points."
  },
  {
   "q": "What does PAVE cost?",
   "a": "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%."
  }
 ],
 "generated": "2026-09-13",
 "license": "Free to use with attribution. ETFIQ (etfiq.com)."
}