# PAVE (Global X U.S. Infrastructure Development ETF)

Global X · Thematic ETFs · data as of Sep 11, 2026

PAVE holds 102 stocks, and 37% of its weight is outside the S&P 500.

## Key facts

- PAVE, already in the S&P 500: 63.1%, as of Sep 11, 2026.
- PAVE, active share vs the S&P 500: 97.2%, as of Sep 11, 2026.
- PAVE, top ten holdings: 32.1%, as of Sep 11, 2026.
- PAVE, total return, 1 year: +15.7%, as of Sep 11, 2026.
- PAVE, net assets: $13.7bn (the issuer own daily fund list, as of Sep 11, 2026).
- PAVE, expense ratio: 0.47% (485BPOS XBRL, Mar 27, 2026).

## PAVE over each window to Sep 11, 2026

| Window | Total return | S&P 500 | Gap to S&P 500 | Gap to Nasdaq-100 |
| --- | --- | --- | --- | --- |
| 3 months | −6.2% | +3.3% | −9.5 pts | −5.4 pts |
| 6 months | +8.0% | +16.0% | −8.0 pts | −12.7 pts |
| 1 year | +15.7% | +17.5% | −1.8 pts | −7.3 pts |
| 3 years | +76.8% | +77.9% | −1.1 pts | −18.3 pts |
| Since launch | +289.6% | +275.4% | +14.1 pts | −194.1 pts |

## Every published field

| Field | Value | Source |
| --- | --- | --- |
| Theme | Infrastructure | ETFIQ, editorial |
| Launched | Mar 8, 2017 | ETFIQ |
| Already in the S&P 500, by weight | 63.1% | ETFIQ |
| Active share vs the S&P 500 | 97.2% | ETFIQ |
| Already in the Nasdaq-100, by weight | 6.3% | ETFIQ |
| Active share vs the Nasdaq-100 | 99.4% | ETFIQ |
| Top ten holdings weight | 32.1% | ETFIQ |
| Holdings | 102 | ETFIQ |
| Holdings as of | Sep 11, 2026 | the issuer’s daily file |
| Top holdings | 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% | ETFIQ |
| Net assets | $13.7bn | the issuer own daily fund list, as of Sep 11, 2026 |
| Below its all-time high | −9.7% | ETFIQ |
| Expense ratio | 0.47% | 485BPOS XBRL, Mar 27, 2026 |
| Fee for the part that differs from the S&P 500, active expense ratio | 0.48% | ETFIQ |
| Closest funds by holdings overlap | IFRA 36%, DRES 25%, RBLD 22%, MADE 21%, ELFY 15% | ETFIQ |

## Questions

### How much of PAVE is in S&P 500 companies?

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.

### What does PAVE hold?

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%.

### Has PAVE beaten the S&P 500?

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.

### 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%.


## Cite this page

ETFIQ, PAVE, data as of Sep 11, 2026. https://etfiq.com/funds/pave
Free to use with attribution; the underlying files are at https://etfiq.com/data/.

HTML: https://etfiq.com/funds/pave  ·  JSON: https://etfiq.com/funds/pave.json