GLINVanEck India Growth Leaders ETF
Fund Description
VanEck India Growth Leaders ETF (GLIN) seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MarketGrader India All-Cap Growth Leaders Index (MGINGRNR), which consists of fundamentally sound Indian companies that exhibit attractive growth potential at a reasonable price.
-
Fund Ticker
GLIN -
Exchange
NYSE Arca -
Inception Date
08/24/2010 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Index Ticker
MGINGRNR -
Index Rebalancing
Semi-Annually
as of 03/24/23
-
30-Day SEC Yield1
1.45% -
Total Net Assets
$47.4M -
Number of Holdings
83 -
Options
Available -
Gross Expense Ratio2
1.00% -
Net Expense Ratio/TER2
0.82% -
Distribution Frequency
Annual -
Next Distribution Date
12/15/2023
Key Documents and Links
Fund Highlights
- Access fundamentally sound Indian companies with attractive growth potential at a reasonable price (“GARP”)
- Represents the entire Indian opportunity set regardless of size6
- Potential to outperform traditional capitalization-weighted benchmarks by selecting top-ranked companies
Trading Information
-
Fund Ticker
GLIN -
Index Total Return Ticker
MGINGRNR -
NAV
GLINNNV -
Intraday NAV (IIV)4
GLINNIV -
Shares Outstanding
1,524,967 -
Estimated Cash
GLINEU -
Total Cash
GLINTC -
CUSIP
92189F767 -
ISIN
US92189F7675
Fees and Expenses2
-
Management Fee
0.50% -
Other Expenses
0.50% -
Gross Expense Ratio
1.00% -
Fee Waivers and
-0.18%
Expense Reimbursement -
Net Expense Ratio/TER2
0.82%
2 Expenses for GLIN are capped contractually at 0.75% until May 1, 2023. Cap excludes acquired fund fees and expenses, interest expense, trading expenses, taxes and extraordinary expenses.
Investment Professionals
Peter Liao, CFA
- Portfolio Manager and Head of Equity ETFs
- Oversees the Equity ETF Investment Management Team including development and management of index replication and optimization strategies
- Joined VanEck in 2005
- CFA charterholder; member of the CFA Society New York
- BA, Mathematics and Economics, New York University
Griffin Driscoll
- Analyst for Equity ETFs
- Joined VanEck in 2018
- Prior to joining VanEck, ETF Basket Operations Analyst at JPMorgan
- BS, Finance, Providence College
Ralph Lasta
- Analyst for Equity ETFs
- Joined VanEck in 2019
- Prior to VanEck, Intermediate Representative, Exchange Traded Funds at BNY Mellon.
- BS, Accounting, Hunter College
Performance History: Average Annual Total Returns* (%)
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 08/24/10 |
|
---|---|---|---|---|---|---|---|---|
GLIN (NAV) | -4.40 | -7.23 | -2.69 | -15.27 | 1.07 | -11.99 | -0.62 | -6.16 |
GLIN (Share Price) | -4.40 | -7.55 | -3.03 | -14.79 | 1.82 | -12.03 | -0.74 | -6.17 |
MGINGRNR (Index) | -4.01 | -6.64 | -2.61 | -14.95 | 3.30 | -10.96 | 0.04 | -5.61 |
Performance Differential (NAV - Index) | -0.39 | -0.59 | -0.08 | -0.32 | -2.23 | -1.03 | -0.66 | -0.55 |
1 MO | 3 MO | YTD | 1 YR | 3 YR | 5 YR | 10 YR |
LIFE 08/24/10 |
|
---|---|---|---|---|---|---|---|---|
GLIN (NAV) | -4.66 | 2.86 | -21.99 | -21.99 | 0.51 | -13.18 | -2.09 | -6.03 |
GLIN (Share Price) | -4.66 | 3.31 | -21.39 | -21.39 | 0.51 | -13.01 | -2.13 | -6.02 |
MGINGRNR (Index) | -4.15 | 2.78 | -22.38 | -22.38 | 2.56 | -12.03 | -1.33 | -5.48 |
Performance Differential (NAV - Index) | -0.51 | 0.08 | 0.39 | 0.39 | -2.05 | -1.15 | -0.76 | -0.55 |
Top 10 Holdings (%) as of 02/28/23
Daily HoldingsHolding Name |
Ticker
|
Shares
|
Market Value (US$) |
% of Net Assets |
---|---|---|---|---|
Itc Ltd |
ITC IN
|
612,933
|
2,791,720 | 5.77 |
Oil & Natural Gas Corp Ltd |
ONGC IN
|
1,492,048
|
2,737,682 | 5.66 |
Sun Pharmaceutical Industries Ltd |
SUNP IN
|
227,784
|
2,634,286 | 5.44 |
Infosys Ltd |
INFY US
|
137,345
|
2,463,969 | 5.09 |
Tata Steel Ltd |
TATA IN
|
1,877,435
|
2,361,188 | 4.88 |
Hindalco Industries Ltd |
HNDL IN
|
477,391
|
2,302,923 | 4.76 |
Coal India Ltd |
COAL IN
|
863,800
|
2,249,719 | 4.65 |
Larsen & Toubro Infotech Ltd |
LTIM IN
|
36,388
|
2,075,923 | 4.29 |
Divi's Laboratories Ltd |
DIVI IN
|
52,317
|
1,786,668 | 3.69 |
Bharat Electronics Ltd |
BHE IN
|
1,372,461
|
1,569,530 | 3.24 |
Top 10 Total (%) | 47.47 |
Country Weightings (%)
as of 02/28/23
Country | % of Net Assets |
---|---|
● India | 99.22 |
● United States | 0.71 |
● Other/Cash | 0.07 |
Sector Weightings (%)
as of 02/28/23
Sector | % of Net Assets |
---|---|
● Materials | 27.51 |
● Information Technology | 16.72 |
● Energy | 13.43 |
● Industrials | 12.52 |
● Health Care | 10.69 |
● Consumer Staples | 8.94 |
● Communication Services | 4.37 |
● Consumer Discretionary | 3.92 |
● Financials | 1.45 |
● n/a | 0.37 |
● Other/Cash | 0.07 |