Infrastructure+83.2%

By assets, over 5 years39 ETFsthe 2nd largest of Thematic’s nine themes

Data as of Nov 3, 2026 · a scoreboard, not advice

Rank: 4th of 9
Funds: 39
Assets: $57.9B
Of Thematic: 15%
All Thematic: +20.2%

Open Infrastructure in desk All 9 themes

Story of the year · Largest fundsYTDThe Four LargestPAVE · GRID · IGF · EMLP · $40.3B of $57.9B70%of the theme’s money is in these 4

02 / 04

Infrastructure ETFs by AUM

YTD

PAVE$13.9B · 24%Global X - U.S. Infrastructure Development ETF+14.1%GRID$11.1B · 19%First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund+8.1%IGF$10.9B · 19%iShares Global Infrastructure ETF+8.8%EMLP$4.3B · 7%+19.8%35 more funds$17.6B · 30% of the themeShow all 39 in the table →

End-of-day Nov 3, 2026 · 4 largest named · the other 35 open in the table

Infrastructure ETFs

YTD

+13.0%39 funds · $57.9B
asset-weighted

Share of Thematic money15%

Largest fundsYTD

PAVE$13.9B+14.1%

GRID$11.1B+8.1%

IGF$10.9B+8.8%

EMLP$4.3B+19.8%

35 more funds$17.6B

End-of-day Nov 3, 2026 · theme YTD is asset-weighted

PAVE vs GRID

YTD

PAVEGRID4–0PAVE first

+14.1%Year to date+8.1%

+14.3%Past year+5.5%

0.47%Fee0.56%

$13.9BAssets$11.1B

End-of-day Nov 3, 2026

Largest Infrastructure ETFs

Today

#
1	PAVE	Global X - U.S. Infrastructure Development ETFGlobal XRead Desk	0.47%	0.8%	+1.7%	+1.1%	−7.1%	+14.1%	+14.3%	+95.5%	+103.8%	$13.9B
2	GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index FundFirst TrustRead Desk	0.56%	0.9%	−0.1%	−10.2%	−11.9%	+8.1%	+5.5%	+97.1%	+76.1%	$11.1B
3	IGF	iShares Global Infrastructure ETFiSharesRead Desk	0.37%	2.9%	0.0%	+6.6%	−1.1%	+8.8%	+10.8%	+73.8%	+59.5%	$10.9B
4	EMLP	First Trust North American Energy Infrastructure FundFirst TrustRead Desk	0.95%	2.8%	−0.5%	+6.9%	+2.0%	+19.8%	+21.2%	+85.0%	+106.7%	$4.3B
5	IFRA	iShares U.S. Infrastructure ETFiSharesRead Desk	0.30%	1.7%	+0.6%	+4.4%	−4.4%	+12.8%	+13.4%	+77.2%	+76.5%	$4.1B
6	MLPX	Global X - MLP & Energy Infrastructure ETFGlobal XRead Desk	0.45%	4.1%	−2.9%	+4.6%	+1.3%	+26.8%	+33.2%	+102.1%	+141.5%	$3.8B
7	NFRA	Northern Trust STOXX Global Broad Infrastructure ETFFlexSharesRead Desk	0.48%	5.7%	+0.1%	+3.0%	−1.4%	+8.5%	+9.4%	+53.6%	+31.8%	$3.1B
8	DTCR	Global X - Data Center & Digital Infrastructure ETFGlobal XRead Desk	0.50%	1.0%	−2.5%	−8.6%	−13.1%	+18.6%	+12.9%	+111.3%	+54.3%	$1.9B
9	GII	State Street SPDR S&P Global Infrastructure ETFSPDRRead Desk	0.40%	2.7%	0.0%	+6.9%	−1.0%	+8.7%	+10.7%	+73.6%	+59.5%	$962M
10	ENFR	Alerian Energy Infrastructure ETFALPSRead Desk	0.35%	4.0%	−3.4%	+4.3%	+1.0%	+27.9%	+34.9%	+103.8%	+138.9%	$559M

1–10 of 39 · 39 Infrastructure funds

VOOS&P 500, for referenceFee 0.03%YTD +11.2%1Y +11.8%3Y +89.5%Assets $1.70TOpen all 39 in desk

End-of-day Nov 3, 2026 · total returns · fee and yield per year

Closer In

Inside PAVE

Today

3.7%of PAVE is in EMR alone · 98 holdings

By industry

Industrial - MachineryEMR · ROK18.6%

Construction MaterialsCRH · VMC12.5%

Engineering & ConstructionPWR · EME11.8%

RailroadsUNP · CSX10.1%

SteelNUE · STLD9.4%

Electrical Equipment & PartsETN · HUBB5.9%

Other holdingsFAST · DE31.7%

Top 8 holdings

EMREmerson Electric3.7%

NUENucor3.7%

FASTFastenal3.7%

DEDeere &3.6%

URIUnited Rentals3.3%

UNPUnion Pacific3.2%

CSXCSX3.2%

NSCNorfolk Southern3.2%

End-of-day Nov 3, 2026 · top 10 holdings: 34% of the fund

EMR Inside Infrastructure ETFs

Today

Of every $1,000 you put in, this much buys Emerson Electric.

PAVE$37

3.7% of the fund is EMR

GRID$4

0.4% of the fund is EMR

End-of-day Nov 3, 2026

Infrastructure ETF Fees

Today

$37a year on $10,000,
the cheapest, IGF

IGF0.37% a year$37

PAVE0.47% a year$47

GRID0.56% a year$56

EMLP0.95% a year$95

EMLP costs 2.6× what IGF does.

End-of-day Nov 3, 2026

PAVE Among Thematic ETFs

YTD

YTD return +14.1%beats65%

Fee 0.47%cheaper than76%

Income 0.8%beats61%

AUM $13.9Bbeats99%

Share of thematic ETFs PAVE beats · Nov 3, 2026

PAVE’s 52-Week Range

$54.45+1.7% today

Low $45.44High $60.43

9.9% below its 52-week high

Past year+14.3%

Volatility, 1Y20.55%

Worst drop, 1Y−13.8%

Risk indicator4 of 5

End-of-day Nov 3, 2026

Infrastructure Share of Thematic ETFs

Today

Money

$57.9BOther 8 themes$331.5B

Infrastructure runs 15% of the money in Thematic.

Funds

39Other 8 themes229

It is 15% of the funds, so its average fund is bigger than the rest: $1.5B against $1.4B.

End-of-day Nov 3, 2026

Infrastructure vs Market

YTD

PAVEVOO

Past year+14.3%+11.8%

Fee0.47%0.03%

Assets$13.9B$1.70T

End-of-day Nov 3, 2026

Infrastructure vs Disruptive Tech

YTD

Infrastructure

39 ETFs

+13.0%

Disruptive tech

26 ETFs

+6.2%

$57.9BAssets$50.7B

PAVE +14.1%Biggest fundIGV −3.6%

+14.3%Biggest, past year−10.6%

3–0measures won · Infrastructure

End-of-day Nov 3, 2026

PAVE vs VOO

YTD

PAVE · Global X - U.S. Infrastructure Development

+14.1%

VOO · S&P 500

+11.2%

Gap

2.9 pts

End-of-day Nov 3, 2026 · total return, dividends in

Infrastructure vs Thematic

Average · YTD

PAVE

+14.1%

GRID

+8.1%

Thematic average

+6.5%

End-of-day Nov 3, 2026

PAVE vs GRID

YTD

PAVEGlobal X · InfrastructureGRIDFirst Trust · Infrastructure

Year to date

+14.1%

+8.1%

PAVE wins+6.1 pts

Past year

+14.3%

+5.5%

PAVE wins+8.8 pts

Fee

0.47%

0.56%

PAVE winslower fee

Yield

0.8%

0.9%

GRID wins+0.2 pts

AUM

$13.9B

$11.1B

PAVE1.2× more

3–1PAVE wins

End-of-day Nov 3, 2026 · AUM not scored

The Other Eight Themes

AI & semis1st of 9+38.6%100 funds · $171.9BSMHSOXXDRAM Cyber & cloud2nd of 9+36.9%15 funds · $29.1BCIBRHACKSKYY Quantum3rd of 9+18.8%5 funds · $5.4BQTUMWQTMQTUP Disruptive tech5th of 9+6.2%26 funds · $50.7BIGVBAIIGM Defense & space6th of 9−0.1%33 funds · $40.3BITAPPASHLD Clean energy & EV7th of 9−7.6%15 funds · $5.1BICLNLITTAN China8th of 9−19.6%25 funds · $18.5BMCHIKWEBFXI Nuclear & uranium9th of 9−24.2%10 funds · $10.5BURANLRURNM