PAVEPAVEPAVE

PAVE

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Key stats


Assets under management (AUM)
‪8.90 B‬USD
Fund flows (1Y)
‪1.84 B‬USD
Dividend yield (indicated)
0.52%
Discount/Premium to NAV
−0.10%
Shares outstanding
‪211.83 M‬
Expense ratio
0.47%

About PAVE


Issuer
Mirae Asset Global Investments Co., Ltd.
Brand
Global X
Inception date
Mar 6, 2017
Structure
Open-Ended Fund
Index tracked
Indxx U.S. Infrastructure Development Index
Management style
Passive
Distributes
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Tax on distributions
Qualified dividends
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
PAVE`s definition of infrastructure includes many players in the construction supply chain, such as producers of raw materials, construction equipment producers, industrial transportation, and engineering services. Unlike most other infrastructure-themed funds, PAVE focuses on domestic infrastructure, as companies must be listed in and derive more than 50% of their revenue from the US. The Index may include large-, mid-, and small-cap companies weighted by market capitalization. MLPs, REITs and BDCs are excluded. For diversification purposes, PAVE undergoes annual reconstitution and rebalance with a single security cap of 3% and a single security floor of 0.3%.

Classification


Asset Class
Equity
Category
Sector
Focus
Theme
Niche
Infrastructure
Strategy
Vanilla
Geography
U.S.
Weighting scheme
Market cap
Selection criteria
Market cap

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of January 29, 2025
Exposure type
StocksBonds, Cash & Other
Producer Manufacturing
Non-Energy Minerals
Electronic Technology
Industrial Services
Stocks99.76%
Producer Manufacturing29.68%
Non-Energy Minerals16.86%
Electronic Technology13.89%
Industrial Services12.64%
Transportation7.38%
Distribution Services4.94%
Finance4.23%
Utilities3.04%
Process Industries2.96%
Technology Services2.62%
Retail Trade1.52%
Bonds, Cash & Other0.24%
Futures0.13%
Cash0.11%
Stock breakdown by region
100%
North America100.00%
Latin America0.00%
Europe0.00%
Asia0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings

Dividends


Dividend payout history

Assets under management (AUM)



Fund Flows