Key Highlights

  • Global X US Infrastructure Development ETF (ASX:PAVE) aims to track the Indxx U.S. Infrastructure Development Index, before fees and expenses.
  • Industrials represent 75.23% of the portfolio and basic materials 18.74%, across 101 holdings.
  • Deere & Co (3.61%), Fastenal (3.52%) and Emerson Electric (3.51%) are the largest holdings.

Global X US Infrastructure Development ETF (ASX:PAVE) is an exchange traded fund that aims to provide a return, before fees and expenses, that tracks the performance of the Indxx U.S. Infrastructure Development Index. The fund is classified as Equity World Other, has a fund size of $38.66 million and carries a management fee of 0.46%. This article explains its sector mix, holdings and distributions.

Exposure and Investment Approach

PAVE follows an index of US companies linked to infrastructure development and was admitted to the ASX on 5 June 2024. The portfolio holds 101 companies, spanning machinery, electrical equipment, engineering and construction, materials and rail operators.

Portfolio Composition

The fund holds 101 holdings. Its largest positions are Deere & Co (3.61%), Fastenal Company (3.52%), Emerson Electric Co (3.51%), Eaton Corporation PLC (3.40%), Quanta Services Inc (3.22%), and the top ten holdings together account for 32.79% of the portfolio.

The remaining top ten positions are Parker-Hannifin Corporation (3.18%), Nucor Corporation (3.18%), Rockwell Automation Inc (3.10%), Trane Technologies PLC Class A (3.09%), Union Pacific Corporation (2.93%).

By sector, the portfolio is allocated as follows: Industrials 75.23%, Basic Materials 18.74%, Utilities 3.54%, Technology 2.49%.

By size, 69.56% of the portfolio is in companies above $1 billion, 22.51% between $500 million and $1 billion, and 7.93% below $500 million. Geographic exposure is United States (98.47%), with Switzerland (1.27%) and Belgium (0.26%).

Key Features to Understand

Compared with the broader Equity World Other category, the fund is heavily weighted to industrials and basic materials, and has only 2.49% in technology. It also holds more mid-sized companies than many equity funds: 69.56% of the portfolio is above $1 billion in market capitalisation, 22.51% sits between $500 million and $1 billion and 7.93% is below $500 million. Top ten holdings represent 32.79% of the portfolio.

Distribution Details

The fund's most recent recorded distribution was a final distribution of $0.402 per unit, with an ex-date of 2 July 2026, a record date of 3 July 2026 and payment on 16 July 2026.

Fund Details at a Glance

  • Fund name: Global X US Infrastructure Development ETF (ASX:PAVE)
  • Issuer: Global X
  • Category: Equity World Other
  • Benchmark: Indxx U.S. Infrastructure Dev TR USD
  • Admitted to the ASX: 5 June 2024
  • Fund size: $38.66 million
  • Management fee: 0.46%
  • ISIN: AU0000333247

Recent Announcements

Recent announcements include the appointment of Citigroup Pty Limited as fund service provider on 15 October 2026, an annual financial report on 28 September 2026 and annual statements on 16 September 2026.

In Summary

Global X US Infrastructure Development ETF follows an index of US infrastructure-related companies, with industrials at 75.23% of the portfolio and a spread of 101 holdings. The fund's most recent distribution was a final distribution of $0.402 per unit, paid on 16 July 2026.