Symbols

PAVE

Global X U.S. Infrastructure Development ETF·CBOE

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Key Stats

Assets Under Management

11.89BUSD

Fund Flows (1Y)

486.90MUSD

Dividend Yield

1.06%

Discount/Premium to NAV

0.04%

Shares Outstanding

217.28M

Expense Ratio

0.47%

About Global X U.S. Infrastructure Development ETF

Issuer

Global X Management Company LLC

Brand

Global X

Home Page

https://www.globalxetfs.com/funds/pave/

Inception Date

Mar 6, 2017

Structure

Open-Ended Fund

Index Tracked

Indxx U.S. Infrastructure Development Index

Management Style

Passive

Dividend Treatment

Distributes

Distribution Tax Treatment

Qualified dividends

Income Tax Type

Capital Gains

Max ST Capital Gains Rate

39.60%

Max LT Capital Gains Rate

20.00%

Primary Advisor

Global X Management Co. LLC

Distributor

SEI Investments Distribution Co.

PAVE's definition of infrastructure includes many players in the construction supply chain, such as producers of raw materials, construction equipment producers, industrial transportation, and engineering services. Unlike most other infrastructure-themed funds, PAVE focuses on domestic infrastructure, as companies must be listed in and derive more than 50% of their revenue from the US. The Index may include large-, mid-, and small-cap companies weighted by market capitalization. MLPs, REITs and BDCs are excluded. For diversification purposes, PAVE undergoes annual reconstitution and rebalance with a single security cap of 3% and a single security floor of 0.3%.