GLIN: VANECK INDIA GROWTH LEADERS ETF
Share-split context: A reverse split was recorded on Jul 1, 2013 with coefficient 0.25. A reverse split combines multiple old shares into fewer new shares and mechanically raises the quoted price per share. That mechanical increase does not restore lost investment value. The returns in this report are already split-adjusted, while reverse-split history remains a separate structural warning.
What this ETF is trying to do
The VANECK INDIA GROWTH LEADERS ETF (GLIN) is an exchange-traded fund designed to invest in companies within the Indian market. It focuses on growth leaders, meaning it seeks out companies that are prominent in their sectors. The fund holds a total of 83 different holdings.
Top Holdings
Based on the most recent data, some of the largest companies in this portfolio include:
• BSE LTD (5.93%)
• BHARTI AIRTEL LTD (4.88%)
• TRENT LTD (4.75%)
• EICHER MOTORS LTD (4.72%)
• STATE BANK OF INDIA (4.35%)
• BHARAT ELECTRONICS LTD (4.10%)
• POLYCAB INDIA LTD (3.75%)
• HERO MOTOCORP LTD (3.46%)
• LUPIN LTD (3.27%)
• SUZLON ENERGY LTD (3.24%)
Please note that this list is partial and holdings can change over time.
What the numbers show
When looking at how GLIN has performed, it is important to distinguish between price return (the change in the share price) and total return (which includes distributions).
• Year-to-Date (YTD): The YTD price return is approximately -7.77%. The YTD total return is also approximately -7.77%.
• One-Year: The one-year price return is approximately -5.80%. The one-year total return is approximately -5.01%.
• Three-Year: The three-year price return is approximately 9.74%. The three-year total return is approximately 15.70%.
The fund also has a history of a reverse split. In a reverse split, multiple old shares are combined into fewer new shares. This causes the quoted per-share price to rise mechanically, but it does not increase the actual value of the investment.
Income and distribution explanation
GLIN provides a distribution yield of approximately 0.91%. The trailing distributions over the last year were approximately $0.39 per share.
The data shows that the distribution frequency is "irregular" or "less frequent," with only one payout recorded in the last 12 months. Because this yield is relatively low, it is often categorized differently than high-income funds.
NAV erosion explanation
"NAV erosion" refers to a decline in the Net Asset Value (the actual value of the fund's underlying assets). The supplied data is sufficient to evaluate price erosion, but it does not include enough historical NAV-per-share data to confirm or rule out NAV erosion.
However, we can look at the erosion-risk score, which is 75. This is labeled as "mild price erosion." This means the fund has shown some signs of share-price deterioration, but it has not triggered a "severe erosion-risk flag."
Pros
• The fund has shown positive total returns over a three-year period (approximately 15.70%).
• It provides exposure to various sectors in the Indian market through a diversified list of holdings.
Cons
• The fund has experienced share-price declines in both the one-year and year-to-date periods.
• The distribution frequency is irregular, which may not suit investors looking for steady, predictable cash flow.
Beginner takeaway
GLIN is an ETF focused on Indian growth companies. While it has seen strong total returns over the last three years, it has faced recent share-price declines. Investors should note that while the fund pays distributions, they are infrequent, and the fund currently shows signs of mild price erosion.
Top Holdings
Structured portfolio holdings supplied by the ETF data provider. These figures are not generated by the AI article.
| # | Holding | Ticker | Weight |
|---|---|---|---|
| 1 | BSE LTD | n/a | 5.93% |
| 2 | BHARTI AIRTEL LTD | n/a | 4.88% |
| 3 | TRENT LTD | n/a | 4.75% |
| 4 | EICHER MOTORS LTD | n/a | 4.72% |
| 5 | n/a | n/a | 4.61% |
| 6 | STATE BANK OF INDIA | n/a | 4.35% |
| 7 | BHARAT ELECTRONICS LTD | n/a | 4.10% |
| 8 | POLYCAB INDIA LTD | n/a | 3.75% |
| 9 | HERO MOTOCORP LTD | n/a | 3.46% |
| 10 | LUPIN LTD | n/a | 3.27% |