PAVE | Global X U.S. Infrastructure Development ETF

PAVE ISSUER

The PAVE issuer, represented by the Global X Funds, prioritizes investments in the Indxx U.S. Infrastructure Development Index, committing at least 80% of its assets to securities within this index. This strategy, subject to a 60-day notice for any changes, aims to capture the performance of U.S.-listed companies involved in various aspects of domestic infrastructure development, including construction, engineering, raw materials, composites, industrial transportation, and heavy construction equipment production and distribution. The index selection process, overseen by the independent Index Provider, employs a meticulous analysis of industry reports and revenue exposure to identify eligible companies. With a focus on U.S. Infrastructure Development Themes, the index is weighted by a modified capitalization methodology, fostering diversification among large-, mid-, and small-capitalization industrials and materials companies. The Fund, managed by Global X Management Company LLC, adopts a passive approach, seeking to mirror the index's performance closely. While typically utilizing a replication strategy, it may resort to representative sampling in certain circumstances to mitigate risks or comply with regulatory requirements. The Fund's concentration mirrors that of the Underlying Index, indicating significant exposure to the industrials sector as of January 31, 2023. With an anticipated correlation of over 95% to the Underlying Index, the Fund aligns its objectives with capturing the growth potential of U.S. infrastructure development while providing investors with a transparent and diversified investment vehicle.

PAVE DIVIDEND

PAVE Dividend, a product of the Global X Funds, focuses on generating income through investments in dividend-paying companies within the infrastructure sector. The fund seeks to provide investors with a steady stream of income by allocating its assets predominantly to dividend-yielding securities. This strategy aligns with the broader theme of infrastructure development, capturing the potential for both capital appreciation and regular dividend payments. Managed by Global X Management Company LLC, PAVE Dividend employs a passive indexing approach, aiming to mirror the performance of its underlying index closely. With a commitment to transparency and income generation, the fund serves as an attractive option for investors seeking exposure to the infrastructure sector while benefiting from the stability and potential growth of dividend-paying stocks.

PAVE TRACKING

PAVE Tracking, offered by Global X Funds, is designed to closely track the performance of the Indxx U.S. Infrastructure Development Index, providing investors with an efficient way to gain exposure to the infrastructure sector. The fund aims to replicate the index's movements through a passive investment strategy, striving to match its performance before fees and expenses. Managed by Global X Management Company LLC, PAVE Tracking employs a replication strategy, investing in securities within the index in similar proportions to mirror its composition. This approach offers investors the opportunity to participate in the potential growth of U.S. infrastructure development while minimizing tracking error and maintaining transparency. With a focus on providing a cost-effective and straightforward investment solution, PAVE Tracking caters to investors seeking to align their portfolios with the infrastructure theme with minimal effort.

PAVE CORRELATION

PAVE Correlation, a product of Global X Funds, aims to achieve a high correlation with the performance of the Indxx U.S. Infrastructure Development Index. Managed by Global X Management Company LLC, this fund seeks to closely match the movements of its underlying index before fees and expenses. Through a passive investment strategy, PAVE Correlation invests in securities within the index, aiming to replicate its composition and performance. By maintaining a correlation of over 95% with the index, investors can expect PAVE Correlation to effectively capture the trends and fluctuations in the infrastructure sector. This approach offers investors a transparent and reliable vehicle to gain exposure to U.S. infrastructure development while minimizing tracking error and providing a consistent investment experience.

PAVE SECTOR

PAVE Sector, a product of Global X Funds, focuses on investments within specific sectors of the infrastructure industry, offering investors targeted exposure to key segments of this market. Managed by Global X Management Company LLC, the fund strategically allocates its assets to sectors such as construction, engineering, raw materials, composites, industrial transportation, and heavy construction equipment production and distribution. By concentrating on these sectors, PAVE Sector aims to capitalize on the growth potential and stability inherent in infrastructure-related industries. This targeted approach allows investors to tailor their exposure to sectors they believe will perform well within the broader infrastructure theme, providing the opportunity for enhanced returns while mitigating risks associated with less diversified strategies. Through transparent and sector-specific investments, PAVE Sector offers investors a focused and efficient way to participate in the infrastructure sector's growth.

PAVE EXPOSURE

PAVE Exposure, a product offered by Global X Funds, provides investors with a comprehensive exposure to the U.S. infrastructure development sector. Managed by Global X Management Company LLC, the fund strategically allocates its assets to companies involved in various facets of infrastructure development, including construction, engineering, raw materials, composites, industrial transportation, and heavy construction equipment production and distribution. By investing in these sectors, PAVE Exposure aims to capture the growth potential and stability inherent in infrastructure-related industries. This diversified approach allows investors to benefit from the broad spectrum of opportunities within the infrastructure theme, mitigating risks associated with concentrating investments in a single sector. With its focus on providing exposure to the entirety of the U.S. infrastructure development sector, PAVE Exposure offers investors a well-rounded and efficient investment solution to capitalize on the long-term growth prospects of infrastructure development.