Global X U.S. Infrastructure Development ETF (PAVE)

Look-through valuation · Sector · Expense ratio 0.47 % · ISIN US37954Y6730

PAVE Global X U.S. Infrastructure Development ETF PAVE overvalued

Holdings vs fair value −55.5 % weighted average

Quality 64/100 avg alpha quality

Expense ratio 0.47 % per year (TER)

Fund size $ 13.9B yield 0.73 %

The look-through covers 79 % of the fund by weight (46 of 50 disclosed positions valued). Unresolved positions are left out, never estimated.

Price history (since 2017)

Monthly close since 2017. Price shows performance, the valuation verdict is in the look-through above.

Top holdings

Holding	Weight	vs fair value	Quality
CSX Corporation CSX	3.8 %	−74.0 %	68
Quanta Services Inc PWR	3.8 %	−77.8 %	56
Union Pacific Corporation UNP	3.5 %	−50.2 %	70
Howmet Aerospace Inc HWM	3.5 %	−80.0 %	76
Trane Technologies plc TT	3.4 %	−56.2 %	70
Eaton Corporation PLC ETN	3.3 %	−58.4 %	68
United Rentals Inc URI	3.1 %	−57.0 %	58
Norfolk Southern Corporation NSC	3.1 %	−64.1 %	63
Deere & Company DE	3.1 %	−68.4 %	56
Sempra Energy SRE	3.0 %	−48.5 %	56
Rockwell Automation Inc ROK	3.0 %	−72.3 %	69
Fastenal Company FAST	2.9 %	−54.5 %	72
Nucor Corp NUE	2.9 %	−51.0 %	63
Parker-Hannifin Corporation PH	2.8 %	−57.3 %	67
Emerson Electric Company EMR	2.5 %	−56.2 %	58
CRH PLC CRH	2.3 %	n/a	n/a
Vulcan Materials Company VMC	2.1 %	−58.7 %	61
Martin Marietta Materials Inc MLM	1.9 %	−61.6 %	51
EMCOR Group Inc EME	1.9 %	−28.6 %	65
Steel Dynamics Inc STLD	1.9 %	−40.7 %	62
MasTec Inc MTZ	1.5 %	−71.7 %	58
Carpenter Technology Corporation CRS	1.5 %	−80.0 %	70
Amerize Inc. AMRZ	1.5 %	n/a	n/a
Hubbell Inc HUBB	1.4 %	−39.4 %	60
Allegheny Technologies Incorporated ATI	1.4 %	−80.0 %	69

Fair value and quality per position come from the same valuation as our stock pages. Showing the 25 largest of 50 disclosed positions. "n/a" means the position is not (yet) in our stock universe and does not enter the average.

How the look-through works

An ETF has no fair value of its own like a single stock. We build it bottom up: every holding has a fair value and a quality score on our pages. Weighted by portfolio share, that gives Global X U.S. Infrastructure Development ETF an average of how cheap or expensive its companies currently sit versus fair value, and how high their average quality is.

As of: Jul 17, 2026

No investment advice, no buy or sell recommendation. The look-through is a computed summary of public fundamentals and is no substitute for your own research.