Reasons to Consider PAVE

Compelling Need

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.¹

Multiple Long-Term Catalysts

America is committed to improving its aging infrastructure. The Infrastructure Investment and Jobs Act, Inflation Reduction Act, and CHIPS and Science Act appropriated nearly $1tn to fund critical infrastructure projects.²

Unconstrained Approach

As the economy evolves, so do infrastructure needs. PAVE seeks to capture this trend by investing in companies that are part of the infrastructure theme, regardless of sector or industry.

¹American Society of Engineers, Mar 2025

²Politico, 2024

Key Information

As of May 08 2026

Inception Date

03/06/17

Total Expense Ratio

0.47%

Net Assets

$13.59 billion

NAV

$56.77

Fact Sheet

Key Information

ETF Summary

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

Trading Details

As of May 07 2026

Ticker

PAVE

Bloomberg Index Ticker

IPAVE

CUSIP

37954Y673

ISIN

US37954Y6730

Primary Exchange

Cboe BZX

Shares Outstanding

239,390,000

Number of Holdings

100

30-Day Median Bid-Ask Spread

0.02%

Trading Details

Distributions

As of May 08 2026

30-Day SEC Yield

0.48%

Distribution Frequency

Semi-Annually

Distributions

ETF Prices

As of May 08 2026

NAV	$56.77	Daily Change	-$0.05	-0.09%
Market Price	$56.79	Daily Change	-$0.02	-0.04%

ETF Prices

NAV		Daily Change
Market Price		Daily Change

Performance History

As of recent(Mar 31 2026)	Fund NAV	Market Price	Index
1 Year	36.00%	35.92%	36.62%
3 Years	22.38%	22.36%	23.08%
5 Years	16.06%	16.01%	16.71%
Since Inception	15.15%	15.15%	15.76%

Performance History

	Fund NAV	Market Price	Index

Top Holdings

As of May 08 2026

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
4.34	PWR	QUANTA SERVICES INC	2150204	745.00	790,885	589,209,325.00
3.42	CSX	CSX CORP	2160753	44.83	10,351,983	464,079,397.89
3.39	HWM	HOWMET AEROSPACE INC	BKLJ8V2	270.56	1,702,973	460,756,374.88
3.28	ETN	EATON CORP PLC	B8KQN82	401.51	1,109,559	445,499,034.09
3.26	TT	TRANE TECHNOLOGIES PLC	BK9ZQ96	466.17	949,981	442,852,642.77
3.12	UNP	UNION PACIFIC CORP	2914734	264.65	1,600,737	423,635,047.05
3.00	DE	DEERE & CO	2261203	574.84	709,863	408,057,646.92
2.94	NSC	NORFOLK SOUTHERN CORP	2641894	312.01	1,282,311	400,093,855.11
2.91	ROK	ROCKWELL AUTOMATION INC	2754060	453.89	871,289	395,469,364.21
2.91	SRE	SEMPRA	2138158	91.53	4,320,092	395,418,020.76

Top Holdings

Net Assets (%)	Ticker	Name	SEDOL	Shares Held	Market Value

Exposure

As of Apr 30 2026

	Sector	Weight (%)
	Industrials	72.6
	Materials	22.2
	Utilities	3.3
	Information Technology	1.3
	Consumer Discretionary	0.7

Exposure

ETF Characteristics

As of May 08 2026

Return on Equity	15.10%
Weighted Avg. Market Cap	45,691 M
	2025	2026
Price-to-earnings	30.86	25.58
Price-to-book value	4.07	3.66

ETF Characteristics

ETF Risk Stats

As of Apr 30 2026

VERSUS	BETA
S&P 500	1.14
NASDAQ-100	0.74
MSCI EAFE	0.89
MSCI Emg. Mkts	0.63
Standard Deviation	20.70%

ETF Risk Stats

ETF Research

A Thematic Playbook to Invest in the AI Ecosystem

Manufacturing Revival Creates Tailwinds for U.S. Infrastructure Spending

America’s Infrastructure Report Card in 2025: Still Behind, Still Underfunded

ETF Research

ETF Documents

Fact Sheet

Index Methodology Summary

Proxy Voting

Thematic Adoption Menu

Prospectus & Regulatory Information

Summary Prospectus

Statutory Prospectus

Statement of Additional Information

Annual Financial Statements*

Semi Annual Financial Statements**

Annual Shareholder Report

Semi Annual Shareholder Report

Q1 Complete Holdings

Q3 Complete Holdings

* The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.

** The financial statements include the Fund’s disclosures required by Items 7 through 11 of Form N-CSR, which includes the financial statements, financial highlights, and other important information when applicable.

ETF Documents

Insights

PAVE

Morningstar Rating™ - Overall rating out of 82 Infrastructure funds, based on risk-adjusted returns as of 04/30/2026

Reasons to Consider PAVE

Compelling Need

Multiple Long-Term Catalysts

Unconstrained Approach

Key Information

ETF Summary

ETF Objective

Trading Details

Distributions

ETF Prices

ETF Prices

Performance History

Performance History

Top Holdings

Top Holdings

Exposure

ETF Characteristics

ETF Risk Stats

ETF Research

A Thematic Playbook to Invest in the AI Ecosystem

Manufacturing Revival Creates Tailwinds for U.S. Infrastructure Spending

America’s Infrastructure Report Card in 2025: Still Behind, Still Underfunded

ETF Documents

Prospectus & Regulatory Information

ETF Documents

ETF Research

A Thematic Playbook to Invest in the AI Ecosystem

Manufacturing Revival Creates Tailwinds for U.S. Infrastructure Spending

America’s Infrastructure Report Card in 2025: Still Behind, Still Underfunded

Reasons to Consider PAVE

Compelling Need

Multiple Long-Term Catalysts

Unconstrained Approach

Top Holdings

ETF Risk Stats

ETF Characteristics

ETF Prices

Key Information

Trading Details

Exposure

Performance History

ETF Documents

Prospectus & Regulatory Information

Distributions