Global X U.S. Infrastructure Development ETF - PAVE

Global X U.S. Infrastructure Development ETF is an exchange-traded fund that seeks to provide investment results corresponding generally to the price and yield performance of the Indxx U.S. Infrastructure Development Index. It invests in U.S. public equity securities of companies involved in infrastructure development sectors, including construction and engineering, production of infrastructure raw materials, composites and products, industrial transportation, and producers or distributors of heavy construction equipment. The fund employs a full replication technique to track its benchmark index, holding a diversified portfolio across growth and value stocks of companies with varied market capitalizations. Key holdings typically include firms like Howmet Aerospace, Quanta Services, Deere & Company, and Union Pacific, with primary sector allocations to industrials, materials, and utilities. Launched in 2017 and managed by Global X Management Company LLC in the United States, this ETF plays a significant role in offering targeted exposure to companies positioned to benefit from U.S. infrastructure-related activities within the broader financial markets.