Global X Funds - Global X U.S. Infrastructure Development ETF
MX ˙ BMV ˙ US37954Y6730
SecurityMX:PAVE / Global X Funds - Global X U.S. Infrastructure Development ETF
InstitutionNorthwestern Mutual Wealth Management Co
Latest Disclosed Ownership1,737,960 shares
Latest Disclosed Value $ 88,305,757
Northwestern Mutual Wealth Management Co reports 4.86% decrease in ownership of PAVE / Global X Funds - Global X U.S. Infrastructure Development ETF

On May 7, 2026 - Northwestern Mutual Wealth Management Co filed a 13F-HR form disclosing ownership of 1,737,960 shares of Global X Funds - Global X U.S. Infrastructure Development ETF (MX:PAVE) valued at $88,305,757 USD as of March 31, 2026. The entity filed a previous 13F-HR/A on February 10, 2026 disclosing 1,826,796 shares of Global X Funds - Global X U.S. Infrastructure Development ETF. This represents a change in shares of -4.86% during the quarter.

Institutional Ownership: 13F and NPORT Filings

The Security and Class in the table below are shown exactly as filed by the investor. We do our best to track continuity of investments through acquisitions, and this will be reflected in the table as changes in names. In addition to descriptive data, performance of the investment is shown over time. To calculate quarterly performance, we first calculate cost basis of the shares purchased during the quarter, then use that to calculate gross profit. Quarterly return is Gross Profit / Starting Portfolio value.

Note that cost basis is calculated and stored in thousands, so small quarterly changes in shares frequently result in a cost basis of zero.

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Disclosed Equity Positions (from 13F/NPORT Filings)
File
Date		 Effective
Date		Form Security Class ID Avg Price
Paid (Est)		 Reported
Shares		 ΔShares ΔShares
(%)		 Reported
Value
(x1000)		 ΔValue
(%)		 Alloc
(%)		 ΔAlloc ΔAlloc (%) Cost Basis
(x1000)		 Unrealized
Gain/Loss
(x1000)
2026-05-07 2026-03-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 1,737,960 -88,836 -4.86 88,306 1.15 0.0544
2026-02-10 2025-12-31 13F/A-1 GLOBAL X FDS US INFR DEV ETF 37954Y673 1,826,796 -101,207 -5.25 87,303 -4.93 0.0552
2026-02-05 2025-12-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 1,300,242 -627,761 44,541 0.0281
2025-11-14 2025-09-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 1,928,003 234,434 13.84 91,831 24.42 0.0612
2025-08-13 2025-06-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 1,693,569 -129,594 -7.11 73,806 7.29 0.0538
2025-05-14 2025-03-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 1,823,163 50,644 2.86 68,788 -3.96 0.0563
2025-02-11 2024-12-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 1,772,519 126,970 7.72 71,628 5.75 0.0604
2024-11-12 2024-09-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 1,645,549 35,403 2.20 67,731 13.63 0.0602
2024-08-16 2024-06-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 1,610,146 198,255 14.04 59,608 6.05 0.0588
2024-05-15 2024-03-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 1,411,891 36,602 2.66 56,207 18.60 0.0578
2024-02-13 2023-12-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 1,375,289 271,303 24.57 47,393 41.30 0.0534
2023-11-14 2023-09-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 1,103,986 85,611 8.41 33,539 4.79 0.0436
2023-08-14 2023-06-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 1,018,375 80,252 8.55 32,008 20.35 0.0414
2023-05-15 2023-03-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 938,123 168,133 21.84 26,596 30.39 0.0371
2023-02-21 2022-12-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 769,990 59,057 8.31 20,397 24.42 0.0309
2022-11-14 2022-09-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 710,933 7,548 1.07 16,394 2.36 0.0286
2022-08-04 2022-06-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 703,385 -54,890 -7.24 16,016 -25.31 0.0275
2022-05-09 2022-03-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 758,275 -140,180 -15.60 21,444 -17.10 0.0344
2022-02-03 2021-12-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 898,455 88,543 10.93 25,867 25.69 0.0422
2021-11-15 2021-09-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 809,912 84,358 11.63 20,580 10.15 0.0376
2021-08-13 2021-06-30 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 725,554 391,216 117.01 18,683 123.00 0.0355
2021-05-14 2021-03-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 334,338 326,246 4,031.71 8,378 4,770.93 0.0178
2021-02-12 2020-12-31 13F GLOBAL X FDS US INFR DEV ETF 37954Y673 8,092 8,092 172 0.0004
Legend
Shares
The total number of shares held by the institution at the end of the reporting period (the effective date). This is provided in the filing.
Value
The total value of the shares as of the effective date. This is provided in the filing.
Avg. Share Price
The weighted average share price of the shares held by the institution. We use FIFO accounting to determine this price
Class
This is the security class as indicated by the filer. There are a variety of values for this field. Common values include "EC" = equity common, "EP" - equity preferred
Allocation (%)
The percent of the institution's portfolio that this position represents. This is provided in NPORT filings. For 13F filings, we calculate it.
Change in Allocation
The change in allocation from the prior reporting period. This is calculated as current allocation - prior allocation.
Change in Allocation (%)
The percent change in allocation from the prior reporting period. This is calculated as (current allocation - prior allocation) / prior allocation.
Cost Basis
The total cost of the shares held. This is calculated as reported shares * avg. share price
Unrealized Gain/Loss
This is the market value of the position as of the effective date minus the cost basis.