Infrastructure+13.6%

By assets, year to date39 ETFsthe 2nd largest of Thematic’s nine themes

Data as of Nov 4, 2026 · a scoreboard, not advice

Rank: 4th of 9
Funds: 39
Assets: $57.8B
Of Thematic: 15%
All Thematic: +21.8%

Open Infrastructure in desk All 9 themes

Story of the year · Largest fundsYTDThe Four LargestPAVE · GRID · IGF · EMLP · $40.4B of $57.8B70%of the theme’s money is in these 4

02 / 04

Infrastructure ETFs by AUM

YTD

PAVE$14.1B · 24%Global X - U.S. Infrastructure Development ETF+14.9%GRID$11.1B · 19%First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index Fund+10.1%IGF$10.9B · 19%iShares Global Infrastructure ETF+8.5%EMLP$4.3B · 7%+19.2%35 more funds$17.5B · 30% of the themeShow all 39 in the table →

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

Infrastructure ETFs

YTD

+13.6%39 funds · $57.8B
asset-weighted

Share of Thematic money15%

Largest fundsYTD

PAVE$14.1B+14.9%

GRID$11.1B+10.1%

IGF$10.9B+8.5%

EMLP$4.3B+19.2%

35 more funds$17.5B

End-of-day Nov 4, 2026 · theme YTD is asset-weighted

PAVE vs GRID

YTD

PAVEGRID4–0PAVE first

+14.9%Year to date+10.1%

+14.6%Past year+7.5%

0.47%Fee0.56%

$14.1BAssets$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%	+0.7%	+1.3%	−6.5%	+14.9%	+14.6%	+98.1%	+106.1%	$14.1B
2	GRID	First Trust NASDAQ Clean Edge Smart Grid Infrastructure Index FundFirst TrustRead Desk	0.56%	0.9%	+1.9%	−8.1%	−10.1%	+10.1%	+7.5%	+102.5%	+79.2%	$11.1B
3	IGF	iShares Global Infrastructure ETFiSharesRead Desk	0.37%	2.9%	−0.3%	+5.9%	−0.6%	+8.5%	+10.9%	+75.1%	+58.9%	$10.9B
4	EMLP	First Trust North American Energy Infrastructure FundFirst TrustRead Desk	0.95%	2.8%	−0.5%	+5.9%	+2.5%	+19.2%	+21.0%	+86.8%	+106.5%	$4.3B
5	IFRA	iShares U.S. Infrastructure ETFiSharesRead Desk	0.30%	1.7%	0.0%	+3.9%	−4.0%	+12.8%	+13.4%	+79.2%	+77.3%	$4.1B
6	MLPX	Global X - MLP & Energy Infrastructure ETFGlobal XRead Desk	0.45%	4.1%	+0.2%	+3.8%	+3.1%	+27.1%	+33.2%	+105.2%	+145.2%	$3.7B
7	NFRA	Northern Trust STOXX Global Broad Infrastructure ETFFlexSharesRead Desk	0.48%	5.7%	−0.2%	+2.4%	−1.1%	+8.3%	+9.0%	+54.3%	+31.1%	$3.1B
8	DTCR	Global X - Data Center & Digital Infrastructure ETFGlobal XRead Desk	0.50%	1.0%	+1.6%	−7.6%	−10.2%	+20.5%	+14.4%	+116.7%	+55.7%	$1.9B
9	GII	State Street SPDR S&P Global Infrastructure ETFSPDRRead Desk	0.40%	2.7%	−0.4%	+6.0%	−0.6%	+8.3%	+10.8%	+74.7%	+58.6%	$966M
10	ENFR	Alerian Energy Infrastructure ETFALPSRead Desk	0.35%	4.0%	+0.2%	+3.3%	+2.5%	+28.2%	+35.1%	+106.9%	+141.8%	$542M

1–10 of 39 · 39 Infrastructure funds

VOOS&P 500, for referenceFee 0.03%YTD +11.5%1Y +11.9%3Y +90.9%Assets $1.00TOpen all 39 in desk

End-of-day Nov 4, 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 4, 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 4, 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 4, 2026

PAVE Among Thematic ETFs

YTD

YTD return +14.9%beats65%

Fee 0.47%cheaper than76%

Income 0.8%beats61%

AUM $14.1Bbeats99%

Share of thematic ETFs PAVE beats · Nov 4, 2026

PAVE’s 52-Week Range

$54.83+0.7% today

Low $45.44High $60.43

9.3% below its 52-week high

Past year+14.6%

Volatility, 1Y20.56%

Worst drop, 1Y−13.8%

Risk indicator4 of 5

End-of-day Nov 4, 2026

Infrastructure Share of Thematic ETFs

Today

Money

$57.8BOther 8 themes$329.8B

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 4, 2026

Infrastructure vs Market

YTD

PAVEVOO

Past year+14.6%+11.9%

Fee0.47%0.03%

Assets$14.1B$1.00T

End-of-day Nov 3, 2026

Infrastructure vs Disruptive Tech

YTD

Infrastructure

39 ETFs

+13.6%

Disruptive tech

26 ETFs

+7.5%

$57.8BAssets$50.6B

PAVE +14.9%Biggest fundIGV −2.8%

+14.6%Biggest, past year−11.1%

3–0measures won · Infrastructure

End-of-day Nov 3, 2026

PAVE vs VOO

YTD

PAVE · Global X - U.S. Infrastructure Development

+14.9%

VOO · S&P 500

+11.5%

Gap

3.4 pts

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

Infrastructure vs Thematic

Average · YTD

PAVE

+14.9%

GRID

+10.1%

Thematic average

+7.7%

End-of-day Nov 3, 2026

PAVE vs GRID

YTD

PAVEGlobal X · InfrastructureGRIDFirst Trust · Infrastructure

Year to date

+14.9%

+10.1%

PAVE wins+4.8 pts

Past year

+14.6%

+7.5%

PAVE wins+7.1 pts

Fee

0.47%

0.56%

PAVE winslower fee

Yield

0.8%

0.9%

GRID wins+0.1 pts

AUM

$14.1B

$11.1B

PAVE1.3× more

3–1PAVE wins

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

The Other Eight Themes

AI & semis1st of 9+41.6%100 funds · $171.5BSMHSOXXDRAM Cyber & cloud2nd of 9+37.7%15 funds · $27.9BCIBRHACKSKYY Quantum3rd of 9+20.2%5 funds · $5.2BQTUMWQTMQTUP Disruptive tech5th of 9+7.5%26 funds · $50.6BIGVBAIIGM Defense & space6th of 9+0.5%33 funds · $40.6BITAPPASHLD Clean energy & EV7th of 9−6.0%15 funds · $5.1BICLNLITTAN China8th of 9−19.8%25 funds · $18.6BMCHIKWEBFXI Nuclear & uranium9th of 9−24.0%10 funds · $10.3BURANLRURNM