Global X US Infrastructure Development ETF
Performance
Total return to 23 Oct 2026, distributions reinvested, before franking. ASX figures are to 30 Sept 2026 and gross of franking, so they run higher for franked Australian funds.
What it costs to hold
Management fee plus trading costs, compared with similar funds.
A typical fund among United States equity funds would cost $190 (0.38% a year), so PAVE is $62 dearer.
Spread is the average gap between buying and selling prices on the ASX. Fees are shown on a flat balance, not compounded on growth. Excludes tax and any adviser or platform fees.
Calendar-year returns
Where the money is
Look-through exposure as at 2 Sept 2026 · 100 securities · top 10 = 31.7%
Country
Monthly returns
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Year | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.7 | 6.4 | −6.0 | 5.6 | 2.7 | 8.2 | −6.1 | −4.1 | −1.2 | −2.4 | 2.6YTD | ||
| 2025 | 4.6 | −7.4 | −6.6 | −0.7 | 9.1 | 4.0 | 5.8 | 1.3 | −0.6 | 2.2 | 1.9 | −2.4 | 10.5 |
| 2024 | 6.7 | −4.0 | 2.5 | 7.3 | 11.5 | −6.4 | 17.6 |
Total return each month in %, distributions reinvested, before franking. The latest month runs to the last price date. The first year starts from listing.
Top holdings
Most similar funds
Overlap is the share of the portfolio held in common, look-through. Correlation is of daily returns. High overlap means close substitutes.
PAVE questions answered
Written from the latest data on this page. General information only, not financial advice.
How diversified is Global X US Infrastructure Development ETF?
Global X US Infrastructure Development ETF holds 100 securities, and its ten largest positions make up 31.7% of the fund, more spread out than the 37.6% typical of United States equity funds. That makes it moderately diversified.
Its country exposure is almost entirely United States (100.0%), based on holdings as at 2 Sept 2026.
Which ETFs does PAVE double up with most?
PAVE shares the most holdings with Vanguard Global Infrastructure Index ETF (VBLD) (10% overlap). Overlap is the share of the portfolio the two funds hold in common, looking through to the underlying securities.
None of these overlaps is above half, so pairing PAVE with one of them adds some genuinely different holdings.
How is Global X US Infrastructure Development ETF managed – active or passive?
Global X US Infrastructure Development ETF is passively managed: it follows an index and holds what that index holds, rather than relying on a manager's stock picks.
Among United States equity funds, active funds charge a median 0.43% a year and index funds 0.29%.
What will I pay in fees for PAVE?
PAVE charges a management fee of 0.47% a year, about $47 for every $10,000 invested. Only 45% of the 471 ASX ETFs we track charge more, and the median fee is 0.44%. Among United States equity funds, the median is 0.35%.
Lower-cost funds with a similar focus include VanEck FTSE Global Infrastructure (Hedged) ETF (IFRA) at 0.20%, iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN) at 0.15% and Betashares FTSE Global Infrastructure Shares Currency Hedged ETF (TOLL) at 0.14%.
If you would rather have a manager choose the investments, active options such as CB Global Infrastructure Income (Hedged) Active ETF (CIIH) at 1.02% and CB GLBL Infrastructure Value (Hedged) Active ETF (CIVH) at 1.02% cost more.
The fee is taken from the fund's assets and is already reflected in its returns. You'll also pay brokerage when you buy or sell, and the bid-ask spread, which has averaged 0.16% for PAVE.
Does Global X US Infrastructure Development ETF follow a theme?
Yes. Global X US Infrastructure Development ETF focuses on infrastructure. Thematic funds are narrower than the broad market, so they can rise or fall much more than it does.
Other ASX funds with a infrastructure focus include VanEck FTSE Global Infrastructure (Hedged) ETF (IFRA), iShares Core FTSE Global Infrastructure (AUD Hedged) ETF (GLIN), CB Global Infrastructure Income (Hedged) Active ETF (CIIH) and CB GLBL Infrastructure Value (Hedged) Active ETF (CIVH).
What is under the hood of PAVE?
As at 2 Sept 2026, PAVE's ten largest holdings are Deere & Co (3.6%), Nucor Corp (3.5%), Fastenal Co (3.3%), Emerson Elec Co (3.3%), Parker Hannifin (3.1%), Union Pac Corp (3.0%), Norfolk Southern (3.0%), Crh PLC (3.0%), Eaton Corp PLC (3.0%) and Quanta Services (3.0%). Together they make up 31.7% of the fund.
It follows an index; the issuer's PDS sets out how that index chooses and weights its holdings. Its top 10 weighting of 31.7% compares with 37.6% for United States equity funds.
How well has Global X US Infrastructure Development ETF performed?
Based on its category, Global X US Infrastructure Development ETF aims to grow your capital in line with the index it tracks.
To 23 Oct 2026, with distributions reinvested, it returned 2.3% over 1 year (median 7.0%; ranked 26 of 27). The medians and rankings compare it with United States equity funds. Since listing in 2024 it has returned 12.3% a year.
Tracking difference is the gap between a fund's return and its index's return. We don't hold index returns, so we can't measure it for PAVE; the issuer reports it in the monthly fact sheet. As a guide, a well-run index fund trails its index by about its fee, here 0.47% a year, and a much bigger gap is a warning sign.
Past performance is not a reliable indicator of future performance.