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
185.8 M
ASSETS UNDER MGMT
77 bp
EXPENSES
Fund Basics
| Fund sponsor | Van Eck Associates Corp |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Aug 25, 2010 |
| Assets (mns) | $186 |
| Expense ratio | 77 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Annually |
| Taxation | 1099 |
| Stock selection | Market Cap |
| Weighting | Market Cap |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| 10.4 % | |
| CANARA BANK | 8.5 % |
| VARUN BEVERAGES LTD. | 6.3 % |
| BAJAJ AUTO LIMITED | 5.3 % |
| ICICI BANK LTD | 4.8 % |
| INDUSIND BANK LIMITED | 4.7 % |
| STATE BANK OF INDIA | 4.7 % |
| HCL TECHNOLOGIES LTD | 4.7 % |
| DR. REDDY'S LABORATORIES | 4.5 % |
| TATA CONSULTANCY SVS LTD | 4.2 % |
Constituent Breakdown
| Number of holdings | 83 |
| Herfindahl-Hirschman Index | 477 |
| Wgt avg mkt cap (mns) | $33,757 |
| Large cap (>$10bn) | 81.4% |
| Mid cap ($2-10bn) | 13.8% |
| Small cap (<$2bn) | 4.7% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
INDIA | 91.1 % |
Historical Performance
Standardized Performance (as of 10/31/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 19.3% | 38.5% | 27.2% | 8.9% | 10.4% | 2.1% | -1.9% | Volatility | 17.8% | 17.3% | 15.5% | 18.3% | 24.3% | 25.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.79 | 60% |
| MSCI EAFE | 0.65 | 43% |
| MSCI Emg Mkts | 0.52 | 26% |
Liquidity Measures
| Avg. volume (000) | 18 |
| Turnover | 0.5% |
| Avg. Bid/Ask (% of price) | 0.61% |
| ADV of underlying (mns) | $606 |
Technical Indicators
| Recent close | $50.96 |
| 30d moving avg. | $53.79 |
| Annualized volatility | 17.6% |
| 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
| Ticker | Fund Name | Overlap vs. GLIN |
Expenses vs. GLIN |
ALTAR Score™ vs. GLIN |
|---|---|---|---|---|
| EPI | WisdomTree India Earnings Fund | 21.2% | +8 bp | +0.4% |
| NFTY | First Trust India NIFTY 50 Equal Weight ETF | 20.0% | +3 bp | +0.6% |
| DGIN | VanEck Digital India ETF | 17.1% | -6 bp | -5.5% |
| INDY | iShares India 50 ETF | 16.9% | +12 bp | -1.1% |
| INDA | iShares MSCI India ETF | 14.7% | -12 bp | -1.3% |
| PIN | Invesco India ETF | 14.2% | +1 bp | -1.2% |
| FLIN | Franklin FTSE India ETF | 13.0% | -58 bp | -1.0% |
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 | --% |
Based on closing prices from 11/22/2024
Peer Group Comparison Sample data. Subscribe for access.
Price-to-Earnings
Price-to-Sales
Price-to-Book Value
Price-to-Cash Flow
Price-to-Growth
Dividend Yield
Historical Valuation Trends Sample data. Subscribe for access.
SHOWING:
Price-to-Earnings
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
5.6%
Cat. Avg
7.7%
ALTAR Score™ Calculation
Category Overview
There are 165 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.7% and a standard deviation of
4.1%. GLIN's ALTAR Score™ is approximately
0.5 standard deviations
below
the category average. This places GLIN in the 30rd percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
GLINSELL
U/W
HOLD
O/W
BUY
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. | 64.4 | 44.2 | 108.6 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .