ATLASGlobal X U.S. Infrastructure Development ETF (PAVE): outlook, holdings and fees
Global X U.S. Infrastructure Development ETF (PAVE) is an exchange-traded fund and is managed by Global X Funds. The expense ratio is 0.48% and the yield is 0.82%. The ten largest holdings are 33% of the fund.
Fund data as of Oct 14, 2026 · Price Nov 2, 2026
ATLAS view on PAVE
| Last price | $54.68 (+2.2%) |
|---|---|
| ATLAS chance of a higher price in 1 month | 53% |
| Likely 1-month range (50%) | $53.10 – $56.79 |
| Normal 1-day range (±1σ) | ±1.1% |
| Distribution yield | 0.82% |
ATLAS probabilities use the same calibrated model as every stock page. A fair value is shown for companies, not funds; the holdings below link to the fair value of each company.
PAVE fund facts
| Issuer | Global X Funds |
|---|---|
| Theme | Industrials |
| Assets under management | $13.7B |
| Expense ratio | 0.48% |
| Number of holdings | 50 |
| Portfolio turnover | 6% |
| Inception | Mar 6, 2017 |
| Exchange | CBOE |
The fund invests at least 80% of its total assets in the securities of the underlying index. The underlying index is designed to measure the performance of U.S. listed companies that provide exposure to domestic infrastructure development, including companies involved in construction and engineering; production of infrastructure raw materials, composites and products; industrial transportation; and producers/distributors of heavy construction equipment.
PAVE top holdings
| Holding | Sector | Weight |
|---|---|---|
| Emerson Electric Company EMR | Industrials | 3.55% |
| Fastenal Company FAST | Industrials | 3.72% |
| Quanta Services Inc PWR | Industrials | 3.47% |
| Nucor Corp NUE | Basic Materials | 3.45% |
| Eaton Corporation PLC ETN | Industrials | 3.41% |
| Deere & Company DE | Industrials | 3.21% |
| Trane Technologies plc TT | Industrials | 3.13% |
| Parker-Hannifin Corporation PH | Industrials | 3.00% |
| Rockwell Automation Inc ROK | Industrials | 3.01% |
| United Rentals Inc URI | Industrials | 3.03% |
Holdings with an ATLAS page link to their probability range, fair value and earnings calendar.
PAVE sector breakdown
| Sector | Weight |
|---|---|
| Industrials | 73.6% |
| Basic Materials | 20.1% |
| Utilities | 3.7% |
| Technology | 2.7% |
By region: North America 98.6%, Europe Developed 1.4%.
PAVE returns and risk
| Year to date | +11.4% |
|---|---|
| 1 year | +13.2% |
| 3 years (annualised) | +20.9% |
| 5 years (annualised) | +16.1% |
| 10 years (annualised) | 0.0% |
| Volatility (3 years) | 20.4% |
| Sharpe ratio (3 years) | 0.84 |
Past returns do not guarantee future results.
PAVE: frequently asked questions
What does PAVE invest in?
Global X U.S. Infrastructure Development ETF invests in a portfolio of securities. Its largest holdings are Emerson Electric Company (3.5%), Fastenal Company (3.7%), Quanta Services Inc (3.5%), Nucor Corp (3.4%), Eaton Corporation PLC (3.4%).
What is the PAVE expense ratio?
0.48% a year: about $48.00 for every $10,000 invested.
What is the PAVE dividend yield?
0.82%. ATLAS does not hold the exact distribution dates for ETFs.
Will PAVE go up?
Nobody can know. The ATLAS model puts the chance of a higher price in one month at 53%, with a likely range (50%) of $53.10 to $56.79 from $54.68 today. It is a probability, not a prediction.
How has PAVE performed?
Year to date +11.4%, one year +13.2%, three years +20.9% a year, five years +16.1% a year. Past returns do not guarantee future results.
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Educational information, not investment advice. Disclaimer