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
$ 86.7 M
ASSETS UNDER MGMT
77 bp
EXPENSES
Fund Basics
| Inception date | Aug 25, 2010 |
| Regulation | Open-Ended Fund |
| Fund Website | link... |
| Distributions | Annually |
| Currency | USD |
| Holdings Transparency | Full |
| Derivatives-based | No |
| Options available | Yes |
| Currency hedged | No |
| Fund of funds | No |
Top 10 Holdings
Complete list +
| HDFC BANK LTD-ADR | 5.3 % |
| STATE BANK OF INDIA | 5.1 % |
| BHARTI AIRTEL LIMITED | 5.0 % |
| ICICI BANK LTD-SPON ADR | 4.9 % |
| INFOSYS TECHNOLOGIES-SP ADR | 4.9 % |
| AXIS BANK LIMITED | 4.9 % |
| MAHINDRA & MAHINDRA LTD | 3.7 % |
| KOTAK MAHINDRA BANK LTD | 3.6 % |
| BAJAJ FINANCE LIMITED | 3.5 % |
| ITC LTD | 2.9 % |
Constituent Breakdown
| Number of holdings | 84 |
| Herfindahl-Hirschman Index | 289 |
| Wgt avg mkt cap (mns) | $42,193 |
| Large cap (>$10bn) | 51.1% |
| Mid cap ($2-10bn) | 13.8% |
| Small cap (<$2bn) | 5.7% |
| Developed mkts. | 78.5% |
| Emerging mkts. | 0.0% |
Sector Breakdown
Country Exposure
 |
INDIA | 87.5 % |
Historical Performance
Standardized Performance (as of 09/30/2026)
| YTD | 1 YR | 2 YR | 3 YR | 5 YR | 10 YR | 20 YR | Incep. | |
|---|---|---|---|---|---|---|---|---|
| Price Returns | -6.8% | -3.7% | -11.3% | 3.6% | 0.5% | -0.8% | -- | -3.7% |
| Dividend Yield | 0.0% | 0.8% | 1.9% | 1.8% | 1.4% | 1.0% | -- | 1.0% |
| Total Returns | -6.8% | -2.9% | -9.3% | 5.4% | 1.9% | 0.2% | -- | -2.7% | Ann. Volatility | 20.1% | 18.7% | 18.4% | 18.0% | 18.3% | 23.5% | -- | 26.5% |
Market Correlations
| versus... | Beta | R-squared |
| S&P 500 | 0.84 | 34% |
| MSCI EAFE | 0.74 | 39% |
| MSCI Emg Mkts | 0.44 | 36% |
Liquidity Measures
| Avg. volume (000) | 7 |
| ADV traded (mns) | $0 |
| Turnover | 0.4% |
| Avg. Bid/Ask (% of price) | 0.70% |
Technical Indicators
| 30d moving avg. (EMA) | $45.50 |
| Relative strength (RSI) | 53 |
| MACD/Signal | 0.21/0.11 |
| Bollinger Bands (Upper/Lower) | $46.67/$43.91 |
| Short interest (% of AUM) | 0.1% |
Distributions
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Comparable ETFs Based on Overlap
| Ticker | Fund Name | Overlap vs. GLIN |
Expenses vs. GLIN |
ALTAR Score™ vs. GLIN |
|---|---|---|---|---|
| NFTY | First Trust India NIFTY 50 Equal Weight ETF | 34.1% | +3 bp | -2.6% |
| INDY | iShares India 50 ETF | 33.6% | +12 bp | -2.9% |
| INDA | iShares MSCI India ETF | 27.6% | -12 bp | -3.2% |
| NDIA | Global X India Active ETF | 26.8% | -2 bp | -3.9% |
| PIN | Invesco India ETF | 25.7% | +1 bp | -1.3% |
| FLIN | Franklin FTSE India ETF | 21.3% | -58 bp | -2.8% |
| EPI | WisdomTree India Earnings Fund | 18.4% | +8 bp | +0.0% |
| INCO | Columbia India Consumer ETF | 13.3% | -2 bp | -4.9% |
| RNEM | First Trust Emerging Markets Equity Select ETF | 12.1% | -2 bp | -0.8% |
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 (USD)
| 2020 | 2021 | 2022 | 2023 | 2024 | 2025 | 2026 | 2027 | ||
|---|---|---|---|---|---|---|---|---|---|
| Sales per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Earnings per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Dividends per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- | ||
| Book value per share | -- | -- | -- | -- | -- | -- | -- | ||
| change (%) | -- | -- | -- | -- | -- | -- | -- |
Return on Equity
Net Margins
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Valuation Metrics
| Fwd Est | 2025 | 2026 | 2027 | |
| 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 10/10/2026
Peer Group Comparison
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Historical Valuation Trends Sample data. Subscribe for access.
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
8.1%
ALTAR SCORE™
58th
PERCENTILE
NEUTRAL
ETFRC RATING
There are 213 funds in the Emerging Equity category with an average
ALTAR Score™ of 7.7% and a standard deviation
of 2.1%. GLIN's ALTAR Score™ is approximately 0.2 standard
deviations above the category average. This places GLIN in the 58th percentile
among funds in the category.
Sell-Side Consensus
$57.57
PRICE TARGET
+34.5%
UPSIDE
Bid/Ask Spreads
70 bp
AVG SPREAD
13 —
363 bp
RANGE