(PAVE) Global X U.S. - Ratings and Ratios

Global X U.S. Infrastructure Development ETF (PAVE) is designed to provide targeted exposure to companies that are integral to domestic infrastructure development in the United States. The fund invests at least 80% of its total assets in the securities of its underlying index, which tracks the performance of U.S.-listed companies across various infrastructure sectors. These sectors include construction and engineering firms, producers of raw materials and composites essential for infrastructure projects, industrial transportation providers, and manufacturers and distributors of heavy construction equipment.

PAVE offers a diversified approach to infrastructure investing by capturing companies that supply critical materials and services for building and maintaining infrastructure. This includes firms involved in the production of steel, cement, and other construction materials, as well as those that provide heavy machinery and transportation solutions. By focusing on these segments, the fund aims to align with the growth and development of U.S. infrastructure, which is often driven by government spending, urbanization, and the need for modernization of aging infrastructure.

As an ETF, PAVE provides investors with a cost-effective and efficient way to gain exposure to the infrastructure sector without the need to select individual stocks. The fund is listed on the BATS exchange under the ticker symbol PAVE and is categorized as an infrastructure-focused ETF. With an AUM of $8.79 billion, it represents a significant player in the infrastructure ETF space, offering liquidity and scale for institutional and retail investors alike.