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GLIN (formerly SCIF)VanEck Vectors India Growth Leaders ETF
- India presents investors with unique growth opportunities as its economy evolves into an economic powerhouse, but broad benchmarks for India are filled with potentially undesirable and troublesome companies.
- Fundamentally-driven stock selection may help investors get exposure to the best stocks in India, while excluding the rest.
- MarketGrader’s company scoring methodology is based on an evaluation of metrics that measure growth, value and quality, which helps identify leading companies with the best growth potential.
Learn more: Follow the Growth Leaders.
Fund Description
VanEck Vectors® 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 -
ETF Structure
Physical -
Administrator
Van Eck Associates -
Custodian
State Street Bank and Trust Company -
Index Ticker
MGINGRNR -
Index Rebalancing
Semi-Annually
as of 05/27/20
-
30-Day SEC Yield1
1.08% -
Total Net Assets
$64.9M -
Number of Holdings
82 -
Options
Expected -
Gross Expense Ratio2
0.82% -
Net Expense Ratio/TER2
0.82% -
Distribution Frequency
Annual
Index Key Points
Underlying Index: MarketGrader India All-Cap Growth Leaders Index
The Index comprises:
Indian equity securities which are generally considered by the index provider to exhibit favorable fundamental characteristics according to the index provider’s proprietary scoring methodology.
Companies eligible for inclusion in Index:
- Companies domiciled in India and listed on an eligible stock exchange, as determined by the index provider
- Market cap exceeding $150 million. Three-month average daily trading volume of at least $2 million
- Stocks are weighted according to available free-float market cap and issuers are capped at 5% max position at rebalance
Index provider:
MarketGrader
Index Profile
-
Ticker
MGINGRNR -
Inception Date
02/21/2020 -
Rebalance Frequency
Semi-Annually
Index Top 10 Constituents (%) as of 04/30/20 Download All Index Constituents
Total Constituents: 80
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| Constituent Name |
Ticker
|
Weightings (%) | |
|---|---|---|---|
| Infosys Ltd-Sp Adr |
INFY US
|
6.14 | |
| Nestle India Ltd |
NEST IN
|
5.55 | |
| Hdfc Bank Limited |
HDFCB IN
|
4.97 | |
| Hcl Technologies Ltd |
HCLT IN
|
4.96 | |
| Hindustan Unilever Ltd |
HUVR IN
|
4.88 | |
| Tata Consultancy Svcs Ltd |
TCS IN
|
4.76 | |
| Itc Ltd |
ITC IN
|
4.66 | |
| Dr. Reddy's Laboratories |
DRRD IN
|
4.06 | |
| Tech Mahindra Ltd |
TECHM IN
|
3.62 | |
| Bajaj Finance Ltd |
BAF IN
|
3.49 | |
| Top 10 Total (%) | 47.09 | ||
These are not recommendations to buy or to sell any security. Securities and holdings may vary.
Index Country Weightings (%) as of 04/30/20
-
Country
Weightings (%) -
■
India
100.0
Index Sector Weightings (%) as of 04/30/20
-
Sector
Weightings (%) -
■
Information Technology
26.9 -
■
Consumer Staples
19.5 -
■
Financials
17.9 -
■
Health Care
11.1 -
■
Consumer Discretionary
7.1 -
■
Materials
6.1 -
■
Energy
5.2 -
■
Industrials
2.3 -
■
Utilities
2.2 -
■
Communication Services
1.4 -
■
Real Estate
0.2