Key Highlights

  • PAVE (ASX:PAVE) holds 101 US companies in infrastructure, equipment, materials and construction.
  • Industrials make up 75.23% of the portfolio, followed by basic materials at 18.74%.
  • Deere (3.61%), Fastenal (3.52%) and Emerson (3.51%) are the largest holdings.
  • Fund size is $39.83 million, with fees of 0.46% and an annual yield of 3.29%.

Global X US Infrastructure Development ETF (ASX:PAVE) traded at $13.12 during the trading session on 30 October 2026, up 1.46%, with 55,597 units changing hands. PAVE gives Australian investors a single stock exposure to US companies that build, equip and supply infrastructure, from machinery makers to steel producers and utility contractors. The fund was admitted to the ASX on 5 June 2024.

Fund Details

Fund size is $39.83 million, with 3,080,677 units on issue. The ISIN is AU0000333247 and management fees and costs are 0.46% a year. The fund is benchmarked to the Indxx U.S. Infrastructure Development TR USD index.

The day's range was $13.11 to $13.26, against a previous close of $12.93. Average daily volume is about 27,645 units.

Stock Exposure and Sector Mix

The largest holdings are Deere at 3.61%, Fastenal at 3.52%, Emerson Electric at 3.51%, Eaton at 3.40%, Quanta Services at 3.22%, Parker-Hannifin at 3.18%, Nucor at 3.18%, Rockwell Automation at 3.10%, Trane Technologies at 3.09% and Union Pacific at 2.93%. The top ten make up 32.79%, and the fund holds 101 companies.

Sector weights are industrials 75.23%, basic materials 18.74%, utilities 3.54% and technology 2.49%. Exposure is 98.47% United States, with small positions in Switzerland and Belgium.

Income Profile

The annual yield is 3.29%. The most recent final distribution was $0.402, with an ex-date of 2 July 2026, a record date of 3 July 2026 and a payment date of 16 July 2026.

Session Trading

PAVE traded between $13.11 and $13.26 during the session, with 55,597 units changing hands. The bid-offer range was $13.13 to $13.15.

How the Portfolio Is Built

The index selects US companies that benefit from infrastructure spending, and the fund holds them in line with their index weights. Because the selection includes machinery, engineering, steel and transport names, the stock exposure follows the cycle of construction and public investment more closely than a broad market fund.

What the Exposure Means

PAVE gives US infrastructure stock exposure, with industrials dominating and materials a significant second weight. Its portfolio is a theme-led basket of companies tied to building and equipping infrastructure, rather than a general view of the US market.