GLIN

VanEck India Growth Leaders ETF

GLIN seeks to replicate the price and yield performance of the MarketGrader India All-Cap Growth Leaders Index, which consists of fundamentally sound Indian companies that exhibit attractive growth potential at a reasonable price.


Emerging Market

EQUITY

Rules-Based

MANAGEMENT STYLE

161.2 M

ASSETS UNDER MGMT

77 bp

EXPENSES
Fund Basics
Fund sponsorVan Eck Associates Corp
CategoryEmerging
Asset classEquity
Websitelink...
Inception dateAug 25, 2010
Assets (mns)$161
Expense ratio77 bp
CurrencyUSD
Sector Breakdown
Fund Structure
RegulationOpen-Ended Fund
DistributionsAnnually
Taxation1099
Stock selectionMarket Cap
WeightingMarket Cap
Holdings TransparencyFull
Derivatives-basedNo
Options availableYes
Currency hedgedNo
Fund of fundsNo
Top 10 Holdings Complete list  + 
10.5 %
CANARA BANK 9.5 %
VARUN BEVERAGES LTD. 6.9 %
BAJAJ AUTO LIMITED 5.8 %
STATE BANK OF INDIA 5.5 %
ICICI BANK LTD 5.4 %
INDUSIND BANK LIMITED 5.2 %
HCL TECHNOLOGIES LTD 5.2 %
TATA CONSULTANCY SVS LTD 5.0 %
DR. REDDY'S LABORATORIES 4.9 %
Constituent Breakdown
Number of holdings83
Herfindahl-Hirschman Index 594
Wgt avg mkt cap (mns)$39,637
Large cap (>$10bn)78.4%
Mid cap ($2-10bn)17.2%
Small cap (<$2bn)4.5%
Developed mkts.0.0%
Emerging mkts.100.0%
Country Exposure
INDIA 103.4 %
Historical Performance


Standardized Performance (as of 11/30/2024)
 YTD1 YR2 YR3 YR5 YR10 YRIncep.
Total Returns 19.5% 26.4% 23.9% 9.8% 10.5% 2.0% -1.8%
Volatility 17.8% 17.3% 15.5% 18.3% 24.3% 25.4% --
Market Correlations
versus...BetaR-squared
S&P 5000.7658%
MSCI EAFE0.6542%
MSCI Emg Mkts0.5126%
Liquidity Measures
Avg. volume (000)14
Turnover0.5%
Avg. Bid/Ask (% of price)0.61%
ADV of underlying (mns)$573
Technical Indicators
Recent close$51.59
30d moving avg.$51.84
Annualized volatility17.5%
Relative strength (RSI)45
Short interest (ETF)3.3%
Short interest (underlying)0.0%
Distributions
Assets Under Management (mns)

Money Flows (mns)

Short Interest (as % of shares outstanding)

Long Money Flows (mns)

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Comparable ETFs Based on Overlap
Risk and Returns: GLIN vs. Comps (1 YR)

Notes: Top 10 overlapping ETFs. Funds with insufficient history not shown. Some funds may overlap. Hover over data point for ticker symbol.

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Results & Estimates
  2019 2020 2021 2022 2023 2024E 2025E  
Sales per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Earnings per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Dividends per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Book value per share -- -- -- -- -- -- --
  change (%) -- -- -- -- -- -- --
Return on Equity
Net Margins
EPS Revision Activity (6 mo. ago = 100%)
Compound Annual Growth Rates

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Valuation Metrics
  2023 2024E Fwd Est 2025E
Price-to-sales --x --x --x --x
Price-to-earnings --x --x --x --x
Price-to-cash flow --x --x --x --x
Price-to-growth --x --x --x --x
Price-to-book value --x --x --x --x
Yield --% --% --x --%
2.7 14.4 2.4 2.0% --
Based on closing prices from 12/20/2024
Historical Valuation Trends Sample data. Subscribe for access.

SHOWING:
Price-to-Earnings
GLIN



Notes: Based on adjusted historical results for current fund constituents. May differ from results achieved by past fund constituents. Max P/E of 100x.

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ETF Research Center Rating

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™

GLIN

5.8%

Cat. Avg

7.9%


ALTAR Score™ Calculation

Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™ of 7.9% and a standard deviation of 4.2%. GLIN's ALTAR Score™ is approximately 0.5 standard deviations below the category average. This places GLIN in the 31st percentile among funds in the category.
Sell Side Consensus Rating

Sell-side recommendations on the ETF's individual constituents

GLIN
Peer Average
SELL
U/W
HOLD
O/W
BUY
Factor Scorecard

SIZE
VALUE
YIELD
MOMENTUM
VOLATILITY
QUALITY
Expense Analysis

Peer Group Rules-Based
Emerging Market Equity ETFs
# of ETFs 103
Avg. Expense Ratio 64.6 bp
Std. Deviation 29 bp
GLIN (77 bp) Percentile rank 67
Peer Group Expense Ratio Distribution


Total Cost of Ownership (TCO) Comparison
Expense (bp)
(A)
Avg. Bid/Ask (bp)
(B)
TCO (bp)
(A)+(B)
GLIN 77.0 60.8 137.8
Peer Avg. 64.9 45.4 110.2
  For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .