NDIA

India Active ETFActive

Reasons to Consider NDIA

High Growth Potential

Aided by favorable demographics, a market-friendly government, and supply chain diversification, India’s economy grew 6.7% in 2023. Their annual GDP growth is projected to remain above 6% in 2024 and 2025.¹

Experienced Portfolio Managers

NDIA’s active approach is supported by a Mumbai-based team of analysts. Our parent company, Mirae Asset, is the largest international asset manager in India, and NDIA leverages this experience in its investment process.²

ETF Efficiency

In a single trade, NDIA delivers access to dozens of Indian stocks across a range of sectors, along with the outperformance potential of active management.

¹IMF, Jan 2024
²Korea Economic Daily, Oct 2023

Key Information As of 05/10/24

Inception Date	08/17/23
Total Expense Ratio	0.76%
Net Assets	$14.03 million
NAV	$28.64
Fact Sheet	View the document

ETF Summary

The Global X India Active ETF (NDIA) is an actively managed ETF designed to offer investors direct exposure to the Indian Economy. NDIA screens for companies with quality business models and management teams across India, focusing on domestic-driven growth over a 4-5 year investing horizon.

ETF Objective

The Global X India Active ETF (NDIA) seeks to achieve long-term capital growth.

Trading Details As of 05/09/24

Ticker	NDIA
Bloomberg IOPV Ticker	NDIAIV
CUSIP	37960A552
ISIN	US37960A5526
Primary Exchange	NYSE Arca
Shares Outstanding	490,000
Number of Holdings	31
30-Day Median Bid-Ask Spread	0.38%

Distributions As of 05/10/24

30-Day SEC Yield	0.31%
Distribution Frequency	Semi-Annually

ETF Prices As of 05/10/24

NAV	$28.64	Daily Change	$0.15	0.53%
Market Price	$28.60	Daily Change	-$0.04	-0.14%

As of recent (03/31/24)	Fund NAV	Market Price	Benchmark
Year-to-Date	2.68%	3.13%	6.07%
1 Month	-0.21%	0.14%	0.81%
3 Months	2.68%	3.13%	6.07%
Since Inception	15.25%	16.29%	21.61%
Year-to-Date	4.11%	3.56%	8.53%
1 Month	1.39%	0.41%	2.32%
3 Months	2.43%	1.57%	5.97%
Since Inception	16.85%	16.77%	24.43%

Performance is shown on a total return basis (i.e., with gross income reinvested, where applicable). Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when sold or redeemed, may be worth more or less than their original cost and current performance may be lower or higher than the performance quoted. High short-term performance, when observed, is unusual and investors should not expect such performance to be repeated.

Net Assets (%)	Ticker	Name	SEDOL	Market Price ($)	Shares Held	Market Value ($)
8.74	RIGD LI	RELIANC-GDR 144A	B16CYP9	67.20	18,256	1,226,803.20
7.14	IBN	ICICI BANK LTD-SPON ADR	2569286	26.79	37,385	1,001,544.15
5.65	INFY	INFOSYS LTD-SP ADR	2398822	16.87	46,974	792,451.38
5.29	LT IN	LARSEN & TOUBRO LTD	B0166K8	39.18	18,942	742,118.30
4.91	HDFCB IN	HDFC BANK LIMITED	BK1N461	17.22	39,972	688,321.90
4.50	TCS IN	TATA CONSULTANCY SVCS LTD	B01NPJ1	46.63	13,529	630,895.62
3.98	AXSB IN	AXIS BANK LTD	BPFJHC7	13.41	41,643	558,606.30
3.72	BHARTI IN	BHARTI AIRTEL LTD	6442327	15.58	33,461	521,402.74
3.33	PEPL IN	PRESTIGE ESTATES PROJECTS	B4T3LF9	18.20	25,652	466,828.69
3.27	DABUR IN	DABUR INDIA LTD	6297356	6.60	69,458	458,166.39
3.12	UNSP IN	UNITED SPIRITS LTD	BYWFSB7	14.40	30,425	438,113.44
3.12	BPCL IN	BHARAT PETROLEUM CORP LTD	6099723	7.41	59,083	437,738.33
3.04	MSIL IN	MARUTI SUZUKI INDIA LTD	6633712	151.80	2,808	426,254.74
3.03	TATA IN	TATA STEEL LTD	BPQWCZ3	1.94	218,549	424,659.21
2.94	UTCEM IN	ULTRATECH CEMENT LTD	B01GZF6	113.67	3,623	411,831.31
2.81	TTMT IN	TATA MOTORS LTD	B611LV1	12.53	31,476	394,537.27
2.81	APHS IN	APOLLO HOSPITALS	6273583	69.97	5,628	393,782.23
2.60	LICHF IN	LIC HOUSING FINANCE LTD	6101026	7.50	48,575	364,452.48
2.56	NTPC IN	NTPC LTD	B037HF1	4.26	84,218	358,551.51
2.50	SBILIFE IN	SBI LIFE INSURANCE CO LTD	BZ60N32	17.15	20,468	351,002.56
2.21	SUNP IN	SUN PHARMACEUTICAL INDUS	6582483	18.04	17,197	310,272.49
2.12	FB IN	FEDERAL BANK LTD	BFT7KB7	1.92	155,039	296,983.43
2.11	NYKAA IN	FSN E-COMMERCE V	BP4DCB4	2.03	145,215	295,468.97
2.00	MOTHERSO IN	SAMVARDHANA MOTH	6743990	1.53	183,923	281,056.57
1.92	KJC IN	KAJARIA CERAMICS LTD	BDB5J63	14.14	19,058	269,432.72
1.89	GICRE IN	GENERAL INS CORP OF INDIA	BZ0XK69	3.85	68,957	265,501.12
1.84		CASH		1.00	258,296	258,296.16
1.82	TTAN IN	TITAN CO LTD	6139340	39.40	6,467	254,792.11
1.71	ZOMATO IN	ZOMATO LTD	BL6P210	2.41	99,659	240,252.17
1.71	LTIM IN	LTIMINDTREE LTD	BD6F8V6	55.18	4,341	239,539.03
1.51	SHFL IN	SHRIRAM FINANCE LTD	6802608	28.08	7,536	211,577.93
0.99	CLIP	GLOBAL X 1-3 MONTH T-BILL	BNBPYF7	25.04	5,568	139,422.72
-0.83		OTHER PAYABLE & RECEIVABLES		1.00	-116,822	-116,821.51

Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 04/30/24

	Sector	Weight (%)
	Financials	28.1
	Information Technology	12.8
	Consumer Discretionary	12.3
	Energy	11.6
	Industrials	7.9
	Materials	6.2
	Consumer Staples	6.1
	Health Care	5.3
	Communication Services	3.9
	Real Estate	3.3
	Utilities	2.6

Source: new windowAltaVista Research, LLC

	Industry	Weight (%)
	Information Technology Services	18.2
	Engineering & Construction	11.2
	Motor Vehicles	11.2
	Regional Banks	8.2
	Wireless Telecommunications	7.4
	Oil Refining/Marketing	5.9
	Hospital/Nursing Management	5.9
	Household/Personal Care	5.8
	Construction Materials	5.8
	Electric Utilities	5.0
	Pharmaceuticals: Major	4.3
	Other	11.1

Source: new windowAltaVista Research, LLC

All Sector, Industry and Geographic breakdowns, where provided, are based on equity positions held by the ETF and exclude cash, currencies, and other holdings.

ETF Characteristics As of 05/09/24

Return on Equity	17.20%
Weighted Avg. Market Cap	62,029 M
	2023	2024
Price-to-earnings	22.32	20.56
Price-to-book value	3.79	3.33

Source: new windowAltaVista Research, LLC

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Latest Premium / Discount As of 05/10/24

NAV	$28.64
Market Price	$28.60
Premium / (Discount)	($0.04)

Current View 2024 Q2 As of 05/10/24

Days at Premium	26
Days at NAV	0
Days at Discount	4
Greatest Premium	1.03%
Greatest Discount	-0.31%

Daily Premium / Discount History As of 05/10/24

Hover over the chart points for details

View Chart Explanation

Download Chart Data (.CSV)

How can the Fund trade at a premium/discount to its NAV?

The primary explanation is that timing discrepancies can arise between the NAV and the trading price of the Fund. Since shares of the Fund trade on the open market, prices are affected by the constant flow of information received by investors, corporations and financial institutions. Depending on how this changing information affects investor sentiment, shares of the Fund may deviate slightly from the value of the Fund's underlying assets. The NAV of the Fund is only calculated once a day (normally at 4:00 p.m. eastern time). As a result, shareholders may pay more than NAV when they buy Fund shares and receive less than NAV when they sell those shares, because shares are purchased and sold at current market prices. However, due to the creation and redemption process that is unique to ETFs, market makers are able to minimize these deviations from NAV by taking advantage of arbitrage opportunities.

What causes these time discrepancies?

Close of Trading Times. Although both the NAV and the daily market price of the Fund are generally calculated based on prices at the closing time of the exchange (generally 4:00 p.m. eastern time), slight differences in this timing may cause discrepancies.

Time of Last Trade. Trading of Global X funds generally takes place during normal trading hours (9:30 a.m. to 4:00 p.m. eastern time). However, it is important to note that the last trade - from which the closing price is determined - may not occur at exactly 4:00 p.m. eastern time. Therefore, changing market sentiment during the time difference may cause the NAV to deviate from the closing price.

International Holdings. The premiums and discounts for funds with significant holdings in international markets may be less accurate due to the different closing times of various international markets. Because the Funds trade during U.S. market hours while the underlying securities may not, the time lapse between the markets can result in differences between the NAV and the trading price.

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles or from social, economic or political instability in other nations. Emerging markets involve heightened risks related to the same factors as well as increased volatility and lower trading volume. Securities focusing on a single country may be subject to higher volatility. NDIA is non-diversified.

NDIA is actively managed, which could increase its transaction costs (thereby lowering its performance) and could increase the amount of taxes you owe by generating short-term gains, which may be taxed at a higher rate. As an actively managed fund, NDIA does not seek to replicate a specific index. There can be no guarantee that active management strategies and processes will be successful.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. The market price returns are based on the official closing price of an ETF share or, if the official closing price isn’t available, the midpoint between the national best bid and national best offer (“NBBO”) as of the time the ETF calculates current NAV per share, and do not represent the returns you would receive if you traded shares at other times. NAVs are calculated using prices as of 4:00 PM Eastern Time. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI.

NDIA

India Active ETFActive

Reasons to Consider NDIA

High Growth Potential

Experienced Portfolio Managers

ETF Efficiency

Key Information As of 05/10/24

ETF Summary

ETF Objective

Trading Details As of 05/09/24

Distributions As of 05/10/24

ETF Prices As of 05/10/24

Performance History

Top Holdings As of 05/10/24

Exposure As of 04/30/24

ETF Characteristics As of 05/09/24

ETF Research

Introducing the Global X Brazil (BRAZ) and India (NDIA) Active ETFs

ETF Documents