What is PAVE?

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.

PERFORMANCE [as of 03/27/23] 1 MONTH 3 MONTHS YTD 1 YEAR 3 YEARS 5 YEARS 10 YEARS
PAVE -6.28% 1.91% 3.06% -4.04% 32.77% 12.28% --
PAVE (NAV) -6.25% 1.91% 3.02% -4.07% 32.77% 12.30% --
N/A -- -- -- -- -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

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 Summary Data

03/06/17
0.47%
$3.86B
N/A
Open-Ended Fund

Peers

N/A

Fund Flows

-$0.01B 5 Days
+$0.38B 30 Days
+$0.28B 90 Days

PAVE Portfolio Data

$28.39B
13.36
3.04
0.81%
N/A
100

PAVE Index Data

Market Cap
Market Cap
N/A

PAVE Portfolio Management

0.47%
-0.54%
-0.43%
-0.70%

PAVE Tax Exposures

20.00% / 39.60%
0.02%
Qualified dividends
No

PAVE Fund Structure

Open-Ended Fund
No
Yes
-- / --
N/A
N/A
Low
Daily

Factset Analytics Block Liquidity

As of 03/28/23

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 Tradability

1,094,485
$31.39M
975,182
$28.01M
0.04%
$0.01
0.00%
0.09% / -0.16%
None
100.00%
50,000
19.50
0.03%
0.03%
4,344
$27.30
5

PAVE Sector/Industry Breakdown

PAVE Segment
Benchmark
31.38% --
18.66% --
11.72% --
10.06% --
7.96% --
5.10% --
3.86% --
3.46% --
3.36% --
2.96% --

PAVE Performance Statistics

--
--
--
--
--
N/A

PAVE Countries

PAVE Segment
Benchmark
100.00% --

PAVE Regions

PAVE Segment
Benchmark
100.00% --

PAVE Economic Development

PAVE Segment
Benchmark
100.00% --
0.00% --

PAVE Benchmark Comparison Holdings

100
--
--
--

PAVE Benchmark Comparison Summary

PAVE Segment
Benchmark
100 --
$28.39B --
13.36 --
3.04 --
1.09% --
Low --

PAVE Benchmark Comparison Market Cap Size

PAVE Segment
Benchmark
60.99% --
28.38% --
8.22% --
2.37% --