Global X U.S. Infrastructure Development ETF
$PAVE · Global X · tracks Indxx U.S. Infrastructure Development Index · since 2017
Dividend yield
0.62%
Expense ratio
0.47%
Assets
$6.8B
Weighted P/E
21.4x
About PAVE
Tracks U.S. companies positioned to benefit from infrastructure spending, including construction materials, engineering firms, heavy equipment makers, and industrial manufacturers. PAVE gained significant attention following the U.S. Infrastructure Investment and Jobs Act.
Top holdings
Sector exposure
- Construction Materials24.6%
- Heavy Machinery22.4%
- Engineering & Construction20.8%
- Steel & Metals16.4%
- Other15.8%
How StockWorthy analyses PAVE
ETFs hold companies rather than generating cash flow themselves, so PAVE is assessed on cost, income and the valuation of what it owns: the expense ratio, the current yield against its own 0.54% long-run average, and a holdings-weighted P/E and growth rate built from the underlying positions. Figures are educational and not investment advice.
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