PAVE 📈 Global X U.S. - Overview

The Global X U.S. Infrastructure Development ETF, listed on BATS under the ticker PAVE, is designed to provide investors with exposure to the U.S. infrastructure development sector. By investing at least 80% of its total assets in the securities of the underlying index, the fund offers a diversified portfolio of companies that are involved in various aspects of domestic infrastructure development. This includes companies that specialize in construction and engineering, such as those that design, build, and manage infrastructure projects like roads, bridges, and airports.

The underlying index also tracks companies that produce raw materials, composites, and products used in infrastructure development, such as cement, steel, and other construction materials. Additionally, the index includes companies involved in industrial transportation, like railroads, trucking companies, and logistics providers, which play a critical role in the movement of goods and materials used in infrastructure projects. Furthermore, the index covers producers and distributors of heavy construction equipment, such as cranes, excavators, and bulldozers, which are essential for the construction and maintenance of infrastructure assets.

From a structural perspective, the Global X U.S. Infrastructure Development ETF is an exchange-traded fund (ETF) that is domiciled in the United States, with the ISIN code US37954Y6730. As an ETF, it offers investors the benefits of transparency, liquidity, and diversification, allowing them to gain exposure to the U.S. infrastructure development sector in a single trade. The fund's category is infrastructure, which is a unique and distinct sector that encompasses a wide range of companies involved in the development, maintenance, and operation of physical infrastructure assets.

In terms of its investment strategy, the Global X U.S. Infrastructure Development ETF is designed to track the performance of its underlying index, which is composed of U.S. listed companies that meet specific criteria related to their involvement in domestic infrastructure development. By tracking the index, the fund provides investors with a passive investment strategy that aims to replicate the performance of the underlying index, rather than trying to actively manage the portfolio to beat the market. This approach can provide investors with a cost-effective and efficient way to gain exposure to the U.S. infrastructure development sector.