The American Society of Civil Engineers assigned a letter grade of C to the state of U.S. infrastructure in its 2025 report card, highlighting the need for investment (Source: American Society of Engineers, 2025 Report Card for America’s Infrastructure).
Multiple Catalysts
In addition to the prospect of federal stimulus, infrastructure investments may be catalysed by state, local and public-private partnerships on an ongoing basis.
Unconstrained Approach
As the economy evolves, so do infrastructure needs. The ETF seeks to capture this trend by investing in companies that are part of the infrastructure theme, regardless of sector or industry classification.
Capital at Risk. All financial investments involve an element of risk. Therefore, the value of your investment and the income from it will vary and your initial investment amount cannot be guaranteed.
ETF Summary
The Global X U.S. Infrastructure Development UCITS ETF (PAVE LN) seeks to invest
in companies that stand to benefit from a potential increase in infrastructure
activity in the United States, including those involved in the production of raw
materials, heavy equipment, engineering, and construction.
ETF Objective
The Global X U.S. Infrastructure Development UCITS ETF (PAVE LN) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the Indxx U.S. Infrastructure Development v2 Index.
Regulatory
SFDR Classification
Article 6
UCITS Compliant
Yes
ISA Eligibility
Yes
SIPP Eligibility
Yes
UK Reporting Status
Yes
Authorized Participants & Market Makers
Citigroup Global Markets, DRW Europe BV, Flow Traders BV, GHCO LLP, HSBC Bank PLC, Jane Street Financial Ltd, Mirae Asset Securities UK Ltd, Societe Generale SA, Susquehanna Intl Ltd, Virtu Financial Ireland Ltd, JP Morgan Securities PLC
Trading Details
As of 08 Apr 2026
Primary Ticker
PAVE
Primary ISIN
IE00BLCHJ534
Bloomberg Index Ticker
IPAVEN2
Number of Holdings
101
Index Provider
Indxx
Management Style
Physical - Full Replication - Passively Managed Index Tracking
Key Information
As of 08 Apr 2026
Inception Date
02 Nov 2021
Total Expense Ratio
0.47%
Ongoing Charges
0.47%
Fund AUM
$643,700,256.11
Factsheet
Product Profile
Domicile
Ireland
Investment Manager
Global X Management Company LLC
Custodian
BBH
Asset Class
Equity
Distributions(Distributing Share Class Only)
Distribution Frequency
Semi-Annually
Distribution Calendar
Performance History
USD Accumulating
As of recent Month End & Quarter End (31 Mar 2026)
Distribution Calendar