ETF · Global X
PAVE Global X U.S. Infrastructure Development UCITS ETF AccumUSD
ISIN IE00BLCHJ534London Stock Exchange: PAVEMirae Asset Global Investments Co., Ltd.
- Property & infrastructure
- ETF
- ISA
- SIPP
- Accumulating
Latest close
LSE$49.49
on
- Ongoing charge
- 0.47% a year
- Fund size
- £472m
Source: TradingView, as of , at least 15 min delayed
At a glance
As of 30/09/2026, PAVE (Global X U.S. Infrastructure Development UCITS ETF AccumUSD, ISIN IE00BLCHJ534) closed at $49.49 on the London Stock Exchange. Its ongoing charge is 0.47% a year (about £47 on £10,000). Over the five years to 30/09/2026 its price changed by +93.0%, or +53.6% after UK CPIH inflation.
Past returns
- 1 year to 30/09/2026
- +14.1%
- +10.6% after inflation (UK CPIH)
- 3 years to 30/09/2026
- +63.7%
- +47.7% after inflation (UK CPIH)
- 5 years to 30/09/2026
- +93.0%
- +53.6% after inflation (UK CPIH)
£1,000 put in five years ago would have been worth about £1,930 on 30/09/2026 — about £1,536 in today’s spending power, once price rises are taken out. Past performance is not a guide to future returns.
Returns: TradingView (delayed data) and Fundology, from recorded daily closes. Inflation: ONS CPIH, latest month published.
How we work it out:ReturnsReturns after inflationTotal returnReal returnCPIH
Calendar-year and 12-month returns
Calendar-year returns of Global X U.S. Infrastructure Development UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund): 2022 +5.0%, 2023 +24.4%, 2024 +20.0%, 2025 +11.9%; 2026 to 30/09/2026 +10.1%. Returns of Global X U.S. Infrastructure Development UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) over the 12 months to 30/09/2026: +14.1%; to 30/09/2025: +14.4%; to 30/09/2024: +24.4%; to 30/09/2023: +18.0%.
| Year | Return | After inflation | Return shown as a bar |
|---|---|---|---|
| to | +10.1% | +7.1% | |
| +11.9% | +8.1% | ||
| +20.0% | +15.9% | ||
| +24.4% | +19.5% | ||
| +5.0% | −3.9% |
| 12 months to | Return | After inflation |
|---|---|---|
| from | +14.1% | Not available |
| from | +14.4% | +10.0% |
| from | +24.4% | +21.2% |
| from | +18.0% | +10.9% |
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , inflation: ONS CPIH
How we work it out:Calendar-year returnsWhat a calendar-year return isAccumulating and distributing
Risk: volatility and largest fall
Volatility (annualised)
19.7%over 5 years
| 1 year | 19.2% |
|---|---|
| 3 years | 19.5% |
| 5 years | 19.7% |
Annualised from weekly returns. Higher means bumpier.
- Largest fall since November 2021
- −26.2%
- From to
- Lowest 12-month return
- −14.8%
- 12 months to
- Highest 12-month return
- +52.0%
- 12 months to
- Below its highest weekly close since November 2021
- 10.7%
- High of , latest
In words: Volatility of Global X U.S. Infrastructure Development UCITS ETF AccumUSD in pounds, annualised from weekly returns to 30/09/2026: 19.2% over 1 year, 19.5% over 3 years, 19.7% over 5 years. Largest fall in the price of Global X U.S. Infrastructure Development UCITS ETF AccumUSD since November 2021, in pounds: −26.2% from 22/11/2024 to 04/04/2025. The lowest 12-month return of Global X U.S. Infrastructure Development UCITS ETF AccumUSD in pounds (price, with income reinvested in the fund) since November 2021 was −14.8% (12 months to 04/04/2025); the highest was +52.0% (12 months to 10/04/2026). On 30/09/2026 the price of Global X U.S. Infrastructure Development UCITS ETF AccumUSD was 10.7% below its highest weekly close since November 2021 (26/06/2026), in pounds.
Source: Fundology, from recorded closes and the data vendor’s weekly price history, as of , price, with income reinvested in the fund
How we work it out:Risk figuresFallsVolatilityLargest fall
Charges compared with similar funds
- Ongoing charge
- 0.47%
- a year
- On £10,000
- £47
- a year, roughly
- Over five years
- £233
- of £10,000, before growth
- 26 charge less
- 3 the same
- 22 charge more
Ongoing charge of Global X U.S. Infrastructure Development UCITS ETF AccumUSD 0.47% a year, as of 01/10/2026: 22 of the 51 other property and infrastructure funds charge more, 3 the same and 26 less (share classes counted once).
Source: Fund ongoing charges via TradingView, as of
A lower charge is not a promise of a higher return: what the fund holds matters more. Charges are the fund’s own published ongoing charges figure.
Read more:Ongoing charge (OCF)OCF and TERFee dragHow charges add up
In plain English
Global X U.S. Infrastructure Development UCITS ETF AccumUSD is an exchange-traded fund (ETF) from Global X, launched in 2021.
It tracks the Indxx U.S. Infrastructure Development V2 Index - Benchmark TR Gross.
You buy and sell it through a share-dealing account or platform during stock-market hours, like a share.
Its ongoing charge is 0.47% a year — about £47 a year on every £10,000 invested, taken from the fund's value rather than billed to you.
Income from its investments is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
Property & infrastructure: Property companies (REITs) and infrastructure such as energy networks, roads and data centres.
Terms:ETFIndex fundUCITSAccumulating or incomeShare classISIN
Key facts
- Ticker
- PAVE
- ISIN
- IE00BLCHJ534
- Provider
- Global X
- Tracks
- Indxx U.S. Infrastructure Development V2 Index
- Structure
- ETF
- An exchange-traded fund: bought and sold on the stock exchange through the day, like a share.
- Income
- Accumulating
- Income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
- Ongoing charge
- 0.47% a year · about £47 on £10,000
- Fund size
- £472m
- Launched
- Domicile
- Ireland
- Can be held in
- ISA and SIPP
- Currency hedged
- No
- Price currency
- USD
- Category
- Property & infrastructure
Price chart
Since 31/07/2026, the closing price went from $52.55 on 31/07/2026 to $49.49 on 30/09/2026 (−5.8%). The lowest close shown was $49.21 on 18/09/2026 and the highest $54.94 on 07/08/2026.
Chart: closing prices we have recorded since 31/07/2026.
Source: TradingView, as of , at least 15 min delayed
Five years of prices, and after inflation
10 weekly closes, from 31/07/2026 to 30/09/2026. The same history in September 2026 pounds, adjusted with ONS CPIH inflation.
Create a free account to see the 5-year price chart and the after-inflation chart
Sign-up takes an email address. There is no card to enter and nothing to pay.
How we work it out:Prices and returnsNAV and price
Funds tracking the same index
2 funds track Indxx U.S. Infrastructure Development V2 Index - Benchmark TR Gross, this one included and share classes counted once; their ongoing charges range from 0.47% to 0.47% a year (30/09/2026).
| Fund | 1 year |
|---|---|
| Global X U.S. Infrastructure Development UCITS ETF AccumUSDThis fundAccumulating · 0.47% a year | +14.1% |
| Global X U.S. Infrastructure Development UCITS ETF USDDistributing · 0.47% a year | +14.5% |
Source: TradingView reported returns and fund ongoing charges, as of
Read more:Index fundsTracking differenceHow funds are compared
Other versions of this fund
Risk and return in depth
Sharpe, Sortino and Calmar ratios
Sharpe, Sortino and Calmar ratios over 1, 3 and 5 years, from weekly returns in pounds.
With a free accountRolling returns
The full range of 205 rolling 12-month returns since November 2021, and of 101 rolling three-year returns, in pounds, with how often they were above zero.
With a free accountLargest falls and recoveries
The 3 largest falls since November 2021, in pounds, with how many weeks each took to reach its low and to recover.
With a free account
Create a free account to see the risk ratios, every rolling return and each large fall and its recovery
Sign-up takes an email address. There is no card to enter and nothing to pay.
Moves compared with a similar fund
Correlation and beta of weekly returns in pounds against iShares Core MSCI World UCITS ETF, over the three years to 30/09/2026 (151 weeks).
Pro
Pro — currently by invitation
Pro includes moves against a comparable fund
Pro is open by invitation while it is being built. There is nothing to buy. To ask about access, email [email protected].
Questions people ask
What is the ongoing charge of PAVE?
The ongoing charge of PAVE is 0.47% a year — about £47 a year on every £10,000 invested, taken from the fund’s value rather than billed to you. Platform and dealing fees are charged separately. Ongoing charge of Global X U.S. Infrastructure Development UCITS ETF AccumUSD 0.47% a year, as of 01/10/2026: 22 of the 51 other property and infrastructure funds charge more, 3 the same and 26 less (share classes counted once).
What does PAVE track?
PAVE tracks the Indxx U.S. Infrastructure Development V2 Index - Benchmark TR Gross.
Is PAVE accumulating or distributing?
PAVE is accumulating: income is reinvested inside the fund, so it shows up as a rising price rather than cash paid to you.
What is the ISIN of PAVE?
The ISIN of PAVE is IE00BLCHJ534. An ISIN identifies one exact share class of a fund; PAVE is its ticker on the London Stock Exchange.
What were PAVE’s returns in each of the last five years?
Calendar-year returns of PAVE in pounds (price, with income reinvested in the fund): 2022 +5.0%, 2023 +24.4%, 2024 +20.0%, 2025 +11.9%; 2026 to 30/09/2026 +10.1%. Past performance is not a guide to future returns.
How has PAVE done after inflation?
Over the five years to 30/09/2026 PAVE’s price changed by +93.0%, or +53.6% after UK CPIH inflation. Past performance is not a guide to future returns.
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Sources and dates
- Prices
- London Stock Exchange closes via TradingView, at least 15 minutes delayed, latest
- Returns
- TradingView reported returns (net asset value with income reinvested where available); Fundology, from recorded closes
- Calendar years, risk
- Fundology, from recorded closes (weekly history from the data vendor where our record is short)
- Inflation
- ONS CPIH, latest month used August 2026
- Charges
- The fund’s ongoing charges figure, via TradingView
- Identity
- FCA Financial Instruments Reference Data System (FIRDS) and the issuer
- Fund size
- TradingView, converted to pounds at the latest ECB reference rate
Methodology:Data sourcesReturnsCategoriesAll methods
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