PIN
Invesco India ETF
Invesco India Portfolio seeks investment results that correspond to the price and yield of the Indus India Index.
Emerging Market
EQUITY
Passive
MANAGEMENT STYLE
258.8 M
ASSETS UNDER MGMT
78 bp
EXPENSES
Fund Basics
| Fund sponsor | Invesco |
| Category | Emerging |
| Asset class | Equity |
| Website | link... |
| Inception date | Mar 05, 2008 |
| Assets (mns) | $259 |
| Expense ratio | 78 bp |
| Currency | USD |
Sector Breakdown
Fund Structure
| Regulation | Open-Ended Fund |
| Distributions | Quarterly |
| 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 +
| RELIANCE INDUSTRIES LTD | 15.1 % |
| INVESCO GOVERNMENT & AGENCY PORTFOLIO | 9.4 % |
| HDFC BANK LIMITED | 7.7 % |
| INFOSYS TECHNOLOGIES LTD | 5.0 % |
| ICICI BANK LTD | 3.8 % |
| TATA CONSULTANCY SVS LTD | 3.4 % |
| BHARTI AIRTEL LIMITED | 3.1 % |
| MAHINDRA & MAHINDRA LTD. | 2.1 % |
| HINDUSTAN UNILEVER LIMITED | 2.0 % |
| AXIS BANK LIMITED | 1.9 % |
Constituent Breakdown
| Number of holdings | 170 |
| Herfindahl-Hirschman Index | 497 |
| Wgt avg mkt cap (mns) | $85,077 |
| Large cap (>$10bn) | 85.7% |
| Mid cap ($2-10bn) | 13.6% |
| Small cap (<$2bn) | 0.1% |
| Developed mkts. | 0.0% |
| Emerging mkts. | 100.0% |
Country Exposure
 |
INDIA | 102.4 % |
Historical Performance
Standardized Performance (as of 11/30/2024)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | Incep. | |
|---|---|---|---|---|---|---|---|
| Total Returns | 12.0% | 19.4% | 14.0% | 8.7% | 13.3% | 8.0% | 4.5% | Volatility | 15.3% | 14.9% | 13.5% | 16.3% | 21.5% | 20.4% | -- |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.60 | 60% |
| MSCI EAFE | 0.53 | 46% |
| MSCI Emg Mkts | 0.46 | 34% |
Liquidity Measures
| Avg. volume (000) | 60 |
| Turnover | 0.7% |
| Avg. Bid/Ask (% of price) | 0.29% |
| ADV of underlying (mns) | $915 |
Technical Indicators
| Recent close | $28.33 |
| 30d moving avg. | $28.72 |
| Annualized volatility | 13.7% |
| Relative strength (RSI) | 42 |
| Short interest (ETF) | 1.1% |
| 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. PIN |
Expenses vs. PIN |
ALTAR Score™ vs. PIN |
|---|---|---|---|---|
| INDA | iShares MSCI India ETF | 85.0% | -13 bp | -0.1% |
| FLIN | Franklin FTSE India ETF | 74.5% | -59 bp | +0.4% |
| INDY | iShares India 50 ETF | 74.3% | +11 bp | +0.1% |
| EPI | WisdomTree India Earnings Fund | 53.5% | +7 bp | +1.8% |
| NFTY | First Trust India NIFTY 50 Equal Weight ETF | 50.1% | +2 bp | +2.1% |
| EEMO | Invesco S&P Emerging Markets Momentum ETF | 38.7% | -49 bp | +1.4% |
| BKF | iShares MSCI BIC ETF | 35.1% | -9 bp | +2.7% |
| STXE | Strive Emerging Markets Ex-China ETF | 31.2% | -46 bp | +3.0% |
| RNEM | First Trust Emerging Markets Equity Select ETF | 28.1% | -3 bp | +3.3% |
| NDIA | Global X India Active ETF | 26.6% | -3 bp | +3.0% |
Risk and Returns: PIN 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 12/18/2024
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
PIN
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
AVOID
Not worthwhile for most investors. A rating of AVOID is assigned to ETFs with ALTAR Scores in the lowest quintile (the bottom 20%) of their category. Often, funds in this category consist of stocks with little if any history or expectation of profitability, and as a result our fundamentally-driven analysis may be less relevant.
ALTAR Score™
PIN
4.2%
Cat. Avg
7.8%
ALTAR Score™ Calculation
Category Overview
There are 164 funds in the Emerging Equity category, with an average ALTAR Score™
of 7.8% and a standard deviation of
4.1%. PIN's ALTAR Score™ is approximately
0.9 standard deviations
below
the category average. This places PIN in the 19th percentile among funds in the category.
Sell Side Consensus Rating
Sell-side recommendations on the ETF's individual constituents
PINSELL
U/W
HOLD
O/W
BUY
Expense Analysis
| Peer Group | Passive Emerging Market Equity ETFs |
| # of ETFs | 53 |
| Avg. Expense Ratio | 52.8 bp |
| Std. Deviation | 23.2 bp |
| PIN (78 bp) Percentile rank | 87 |
Peer Group Expense Ratio Distribution
Total Cost of Ownership (TCO) Comparison
| Expense (bp) (A) |
Avg. Bid/Ask (bp) (B) |
TCO (bp) (A)+(B) |
|
|---|---|---|---|
| PIN | 78.0 | 29.3 | 107.3 |
| Peer Avg. | 57.4 | 20.9 | 78.3 |
For a detailed cost analysis of this and any other ETF use the TCO Comparison Tool .