PAVEGlobal X U.S. Infrastructure Development ETF
PAVE Fund Description
PAVE tracks a market-cap-weighted index of US-listed companies that derive the majority of their revenue from or have a stated business purpose related to infrastructure development.
PAVE Factset Analytics Insight
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%.
PAVE MSCI ESG Analytics Insight
Global X U.S. Infrastructure Development ETF has an MSCI ESG Fund Rating of A based on a score of 6.36 out of 10. The MSCI ESG Fund Rating measures the resiliency of portfolios to long-term risks and opportunities arising from environmental, social, and governance factors. ESG Fund Ratings range from best (AAA) to worst (CCC). Highly rated funds consist of companies that tend to show strong and/or improving management of financially relevant environmental, social and governance issues. These companies may be more resilient to disruptions arising from ESG events.
The fund’s Peer Rank reflects the ranking of a fund’s MSCI ESG Fund Quality Score against the scores of other funds within the same peer group, as defined by the Thomson Reuters Lipper Global Classification. Global X U.S. Infrastructure Development ETF ranks in the 61st percentile within its peer group and in the 66th percentile within the global universe of all funds covered by MSCI ESG Fund Ratings.
PAVE MSCI FaCS and Factor Box
MSCI FaCS is a standard method for evaluating and reporting the Factor characteristics of equity portfolios including ETFs. The Factor Box includes 6 Factors that MSCI has identified that historically provided a return premium. On the vertical axis, the Factor Groups, are displayed and the horizontal axis displays the Factor exposure, overweight, underweight or neutral.
PAVE Summary Data
PAVE Portfolio Data
PAVE Index Data
PAVE Portfolio Management
PAVE Tax Exposures
PAVE Fund Structure
PAVE Factset Analytics Block Liquidity
This measurement shows how easy it is to trade a $1 million USD block of PAVE. PAVE is rated a 5 out of 5.
PAVE Economic Development
PAVE Performance Statistics
PAVE MSCI ESG Ratings
PAVE Benchmark Comparison Summary
PAVE Benchmark Comparison Market Cap Size