ETF Evaluator: Global X US Infrastructure Dev ETF () Follow This ETF

Global X US Infrastructure Dev ETF Overview

Global X US Infrastructure Dev ETF (PAVE) is a passively managed Sector Equity Infrastructure exchange-traded fund (ETF). Global X Funds launched the ETF in 2017.

The investment seeks to provide investment results that correspond generally to the price and yield performance, of the Indxx U.S. Infrastructure Development Index. 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.

About Global X US Infrastructure Dev ETF (PAVE)

There are 2 members of the management team with an average tenure of 7.92 years: Nam To (2018) and Wayne Xie (2019). Management tenure is more important for actively managed ETFs than passive index ETFs.

The ETF has 2 primary benchmarks: S&P 500 (TR) (1970) index with a weighting of 100% and Indxx U.S. Infrastructure Dev TR USD index with a weighting of 100%. Global X US Infrastructure Dev ETF has 100 securities in its portfolio. The top 10 holdings constitute 34.3% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.

Global X US Infrastructure Dev ETF is part of the Equity global asset class and is within the Sector Equity ETF group. Global X US Infrastructure Dev ETF has 1.7% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 98.3% There is 1.7% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Global X US Infrastructure Dev ETF has 0.0% of the portfolio in cash.

Assets Under Management

The fund has $14 billion in total assets, which is above the $1 billion average for the Infrastructure category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

PAVE Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Global X US Infrastructure Dev ETF expense ratio is average compared to funds in the Infrastructure category. Global X US Infrastructure Dev ETF has an expense ratio of 0.47%, which is 12% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Global X US Infrastructure Dev ETF has a portfolio turnover rate of 9%, which indicates that it holds its assets around / 0.1 years. By way of comparison, the average portfolio turnover is 40% for the Infrastructure category.

Recently, in the month of July 2026, Global X US Infrastructure Dev ETF returned -4.4%, which earned it a grade of D, as the Infrastructure category had an average return of -2.8%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.

Global X US Infrastructure Dev ETF has a trailing yield of 0.77%, which is below the 2.04% category average. The fund normally distributes its income semi-annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Global X US Infrastructure Dev ETF Grades

Year to date, the ETF has returned 18.1%, 4.2 percentage points better than the category, which translates into a grade of A. The fund has returned 24.3% over the past year (grade of A), 21.1% over the past three years (grade of A) and 17.1% per year over the past five years (grade of A).

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