Core Insights - The Global X U.S. Infrastructure Development ETF (PAVE) is designed to provide broad exposure to the Utilities - Infrastructure segment of the equity market and was launched on March 6, 2017 [1] - PAVE has amassed over $9.12 billion in assets, making it one of the largest ETFs in its category [3] - The fund seeks to match the performance of the INDXX U.S. Infrastructure Development Index, which includes companies involved in various aspects of infrastructure development [4] Fund Details - PAVE has an annual operating expense ratio of 0.47%, which is competitive within its peer group, and a 12-month trailing dividend yield of 0.54% [5] - The ETF has a significant allocation in the Industrials sector, comprising approximately 74.10% of the portfolio, with Materials and Utilities as the next largest sectors [6] - The top three holdings include Howmet Aerospace Inc (4.22%), Fastenal Co, and Quanta Services Inc, with the top 10 holdings accounting for about 32.52% of total assets [7] Performance Metrics - As of July 24, 2025, PAVE has returned approximately 14.48% year-to-date and 18.22% over the past year, with a trading range between $33.78 and $46.15 in the last 52 weeks [8] - The ETF has a beta of 1.23 and a standard deviation of 21.47% over the trailing three-year period, indicating effective diversification of company-specific risk [8] Investment Considerations - PAVE holds a Zacks ETF Rank of 2 (Buy), indicating strong expected asset class return, favorable expense ratio, and positive momentum [10] - Other ETFs in the infrastructure space include the First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF (GRID) and the iShares Global Infrastructure ETF (IGF), with GRID having $2.94 billion in assets and IGF having $7.57 billion [11]

Core Insights - The First Trust NASDAQ Clean Edge Smart Grid Infrastructure ETF (GRID) is a passively managed ETF launched on November 16, 2009, aimed at providing broad exposure to the Utilities - Infrastructure segment of the equity market [1] - The Utilities - Infrastructure sector is currently ranked 1 within the Zacks Industry classification, placing it in the top 6% of sectors [2] Fund Overview - GRID is sponsored by First Trust Advisors and has accumulated over $2.78 billion in assets, making it one of the larger ETFs in its segment [3] - The ETF seeks to match the performance of the NASDAQ OMX Clean Edge Smart Grid Infrastructure Index, which tracks stocks in the grid and electric energy infrastructure sector [3] Cost Structure - The annual operating expenses for GRID are 0.56%, which is competitive with most peer products [4] - The ETF has a 12-month trailing dividend yield of 1.05% [4] Holdings and Exposure - Johnson Controls International Plc (JCI) constitutes approximately 8.48% of total assets, followed by National Grid Plc (NG/.LN) and Eaton Corporation Plc (ETN) [5] - The top 10 holdings represent about 56.89% of total assets under management [6] Performance Metrics - As of July 21, 2025, GRID has increased by about 20.37% year-to-date and approximately 21.75% over the past year [7] - The fund has traded between $101.69 and $142.99 in the past 52 weeks, with a beta of 1.24 and a standard deviation of 20.57% over the trailing three-year period, indicating a high-risk profile [7] Investment Alternatives - GRID holds a Zacks ETF Rank of 2 (Buy), indicating favorable expected returns and momentum [8] - Other ETFs in the infrastructure space include IShares Global Infrastructure ETF (IGF) and Global X U.S. Infrastructure Development ETF (PAVE), with assets of $7.53 billion and $8.97 billion respectively [9]