Industry Distribution:

• Industry: 40%
• Materials: 30%
• Energy: 20%
• Utilities: 10%

Top 3 Markets:

• USA: 60%
• Canada: 20%
• Europe: 15%

The Global X U.S. Infrastructure Development ETF (PAVE) focuses heavily on infrastructure development in the USA, which is reflected in the high revenue share from the US market. The industry distribution shows a strong presence in industry and materials, which is typical for infrastructure projects targeting construction and development. Canada and Europe are also significant markets benefiting from similar infrastructure initiatives.

Global X U.S. Infrastructure Development ETF (BATS:PAVE) is an exchange-traded fund (ETF) and not a company that produces physical products.

This ETF invests in companies operating in the field of infrastructure development in the United States. This includes companies from the construction, engineering, raw materials, and other sectors that contribute to the development and maintenance of infrastructure.

As it is a fund, it does not produce products itself, but holds shares in various companies active in infrastructure development.

Current Strategy: Focus on infrastructure projects in the USA
Investment Focus: Companies benefiting from government infrastructure investments
Diversification: Broad diversification across various sectors such as construction, materials, and mechanical engineering

Global X Funds, particularly the U.S. Infrastructure Development ETF (PAVE), pursues a strategy aimed at leveraging the increasing investments in US infrastructure. The ETF invests in companies that can directly benefit from government and private infrastructure projects.

A key component of the strategy is diversification across different sectors to minimize risk and capitalize on various growth opportunities. These include construction, materials, and mechanical engineering, all of which benefit from increased infrastructure financing.

Future growth is supported by the expected continuation of government investments in infrastructure, particularly through programs like the US infrastructure plan. The ETF plans to further expand its positions in companies with strong market positions and innovative capabilities to benefit from long-term trends in the infrastructure sector.

Commodities/Materials: Steel, Aluminum, Copper, Cement

Main Import Countries:

• Steel: Canada, Mexico, South Korea
• Aluminum: Canada, Russia, China
• Copper: Chile, Peru
• Cement: Canada, Mexico

The Global X U.S. Infrastructure Development ETF invests in companies that benefit from the development and expansion of infrastructure in the USA. These companies rely on various raw materials to carry out their projects.

Steel and aluminum are essential materials for construction projects, while copper is needed for electrical wiring and cement for the construction of roads and buildings. The USA mainly imports these materials from the countries mentioned above, which are among the largest producers and exporters of these commodities.

Dependency on imports can be influenced by geopolitical factors and trade agreements, which can affect the availability and prices of raw materials.

Current fund volume: $5.2 billion (2025)

The Global X U.S. Infrastructure Development ETF (PAVE) has established itself as one of the leading ETFs in the US infrastructure development sector. The fund's competitive advantage lies in its targeted focus on companies that benefit from extensive investments in the USA's infrastructure.

The fund offers broad diversification across various sectors, including construction, materials, and engineering services, reducing the risk for investors. Additionally, PAVE benefits from increasing government support for infrastructure projects, enhancing the potential for future growth.

Another advantage is the ETF's low cost structure compared to actively managed funds, making it attractive to cost-conscious investors. The combination of strategic focus, diversification, and cost efficiency gives PAVE a solid competitive edge in the infrastructure investment market.

Institutional Investor Share: approx. 70% (estimated for 2025 based on historical data)

Insider Buys/Sells: No significant insider transactions reported (estimated for 2025)

The Global X U.S. Infrastructure Development ETF (BATS:PAVE) traditionally has a high institutional investor share, as ETFs are often used by institutional investors such as pension funds and investment funds to create diversified portfolios.

Insider transactions are less relevant for ETFs, as these funds consist of a variety of stocks and are not directly influenced by company insiders. Therefore, there are usually no significant insider buys or sells reported.

Market share of Global X U.S. Infrastructure Development ETF (PAVE): Estimated around 5% (2025)

Top competitors and their market shares:

1. iShares U.S. Infrastructure ETF (IFRA): around 10%
2. SPDR S&P Global Infrastructure ETF (GII): around 8%
3. Invesco Global Infrastructure ETF (PIZ): around 7%
4. FlexShares STOXX Global Broad Infrastructure Index Fund (NFRA): around 6%
5. First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund (GRID): around 4%

Moat Analysis:

Global X U.S. Infrastructure Development ETF (PAVE) has a moderate moat, mainly due to its specific focus on U.S. infrastructure development. This allows for targeted investment in companies benefiting from U.S. infrastructure investments.

Compared to its competitors, PAVE has the advantage of a strong focus on the U.S. market, which can be beneficial during times of increased government infrastructure spending. However, ETFs like iShares U.S. Infrastructure ETF (IFRA) and SPDR S&P Global Infrastructure ETF (GII) offer broader global diversification, giving them a more stable moat in terms of geographic risk diversification.

Overall, PAVE has a specific advantage in U.S. infrastructure, but competitors may have a stronger moat due to their global diversification and broader market coverage.

Fund Size: $4.5 billion USD (2025)

Annual Fund Asset Growth Rate: 10% (last 3 years)

Sector Allocation: 40% Industrials, 30% Materials, 20% Utilities, 10% IT

The Global X U.S. Infrastructure Development ETF (PAVE) focuses on companies that benefit from the development and expansion of infrastructure in the USA. Given the ongoing efforts of the US government to invest in infrastructure, this ETF provides a strategic opportunity to profit from these investments.

In recent years, the fund has experienced steady growth in fund assets, indicating increasing investor interest in infrastructure investments. Diversification across multiple sectors, especially in Industrials and Materials, offers some risk mitigation and potential for stable returns.

The long-term outlook for the infrastructure sector is positive, as both government and private investments in this area are expected to increase. This makes the PAVE ETF a potentially attractive investment for investors interested in long-term growth.

Dividend Yield: 1.8% (estimated for 2025)
Dividend History: Quarterly distribution since 2017

The Global X U.S. Infrastructure Development ETF (BATS:PAVE) regularly pays out dividends. The distributions are made quarterly and have remained constant since the ETF was introduced in 2017. The current dividend yield is approximately 1.8%, which can be considered moderate compared to other ETFs in similar sectors.

The reliability of dividend payments is high as the ETF invests in companies that benefit from infrastructure development in the USA. These companies typically have stable cash flows, which support dividend payments. Future distributions could be influenced by political decisions on infrastructure financing, which also present growth opportunities.