Global X US Infrastructure Development ETF (PAVE) Review & Analysis
- −1.2% in September (total return), ahead of the median property & infrastructure ETF at −3.9%.
- Investors added a net $2.6m (6.9% of the fund).
- The unit price closed the month at $12.97, 15% below its 12-month high (range $12.14 to $15.29).
About PAVE
PAVE is a property & infrastructure ETF from Global X, listed on the ASX since June 2024. With $40m under management it is number 18 of 19 property & infrastructure ETFs by size. The management fee is 0.47% a year, about $47 on every $10,000 invested, in line with the typical property & infrastructure ETF at 0.47%.
Its largest holdings are Emerson Electric Co, Nucor Corp and Fastenal Co, and the top 10 make up 34% of the fund. By sector it leans towards industrials (60%) and materials (21%). United States is the biggest country exposure at 99%.
Over the past year it returned +7.2%, against +5.5% for the median property & infrastructure ETF. With its focus on infrastructure, it is the kind of fund many investors use as a smaller satellite holding alongside a diversified core.
PAVE distributions and dividend dates
PAVE pays distributions yearly, usually going ex-distribution in July, with payment about 14 days after the ex-date. (Pattern estimated from recent payments.)
The latest distribution was $0.4023 per unit (0% franked), ex-distribution on 2 July 2026 and paid on 16 July 2026. To receive it you need to own PAVE before the ex-date.
Its distribution yield over the past 12 months is about 3.2%. Distributions vary and past payments are not a guide to future ones.
From ASX announcements, updated nightly. See every ETF in the dividend calendar.
Compare PAVE with
| Fee | 0.47% | 0.98% |
| 1 year | +7.2% | +6.1% |
| 5 yrs p.a. | – | – |
| Size | $40m | $3.0bn |
| Fee | 0.47% | 0.20% |
| 1 year | +7.2% | +5.3% |
| 5 yrs p.a. | – | +5.3% |
| Size | $40m | $2.1bn |
| Fee | 0.47% | 0.15% |
| 1 year | +7.2% | +5.7% |
| 5 yrs p.a. | – | – |
| Size | $40m | $1.9bn |
| Fee | 0.47% | 1.02% |
| 1 year | +7.2% | +10.5% |
| 5 yrs p.a. | – | – |
| Size | $40m | $1.4bn |
PAVE price by TradingView
| Stock Code | PAVE |
|---|---|
| Fund Manager | Global X |
| Asset Class | Property & infrastructure |
| AUM | $40m |
| MER (%) | 0.47% |
| Net flows (Sep) | +$2.6m |
| Last Price | $12.97 |
| 52-Week Range | $12.14 – $15.29 |
| Bid/Ask Spread | 0.14% |
| Listing Date | 05/06/2024 |
| Exchange | ASX |
| Index | Not yet in our data. See the PDS |
| Issuer website | Global X ↗ |
Performance (% return)
$10,000 invested…
Value at 30 September 2026 with distributions reinvested, before tax and brokerage.
Total returns including distributions, to 30 September 2026. 1M, 1Y, 3Y and 5Y bars are cumulative.
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