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NDIA

India Active ETFActive

Reasons to Consider NDIA

High Growth Potential

India’s economy grew by 7.2% in 2022. It is expected to deliver annual GDP growth of more than 6% in 2023 and 2024.1

Experienced Portfolio Managers

NDIA’s portfolio managers have extensive track records in actively managed emerging market strategies, making them equipped to navigate the vast but nuanced potential of Indian equities.

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, Jul 2023

Key Information As of 09/22/23

Inception Date 08/17/23
Total Expense Ratio 0.75%
Net Assets $2.80 million
NAV $25.43
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 09/21/23

Ticker NDIA
Bloomberg IOPV Ticker NDIAIV
CUSIP 37960A552
ISIN US37960A5526
Primary Exchange NYSE Arca
Shares Outstanding 110,000
Number of Holdings 31
30-Day Median Bid-Ask Spread 0.38%

Distributions As of 09/22/23

30-Day SEC Yield 0.36%
Distribution Frequency Semi-Annually

ETF Prices As of 09/22/23

NAV $25.43 Daily Change $0.00 0.00%
Market Price $25.62 Daily Change $0.04 0.16%

Performance History

As of recent
(06/30/23)
Fund NAV Market Price Benchmark
Year-to-Date -- -- 5.11%
1 Month -- -- 4.70%
3 Months -- -- 12.23%
Since Inception -- -- --
Year-to-Date -- -- 6.18%
1 Month -- -- -1.90%
3 Months -- -- 5.77%
Since Inception 0.92% 1.80% 0.78%

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.

Top Holdings As of 09/22/23

Full Holdings (.csv)
Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
7.54 IBN ICICI BANK LTD-SPON ADR 2569286 22.83 9,237 210,880.71
6.42 RIGD LI RELIANC-GDR 144A B16CYP9 56.90 3,155 179,519.50
6.40 HDB HDFC BANK LTD-ADR 2781648 58.87 3,042 179,082.54
6.17 INFY INFOSYS LTD-SP ADR 2398822 17.78 9,711 172,661.58
4.51 SBILIFE IN SBI LIFE INSURANCE CO LTD BZ60N32 15.90 7,936 126,207.57
4.13 TCS IN TATA CONSULTANCY SVCS LTD B01NPJ1 43.45 2,657 115,457.59
4.04 CLIP GLOBAL X 1-3 MONTH T-BILL BNBPYF7 25.10 4,504 113,050.40
4.04 AXSB IN AXIS BANK LTD BPFJHC7 12.28 9,201 112,973.81
3.95 SHFL IN SHRIRAM FINANCE LTD 6802608 22.80 4,839 110,337.72
3.53 NEST IN NESTLE INDIA LTD 6128605 271.71 363 98,628.93
3.38 HUVR IN HINDUSTAN UNILEVER LTD 6261674 29.93 3,155 94,442.66
3.11 BHARTI IN BHARTI AIRTEL LTD 6442327 10.99 7,908 86,908.85
3.05 APHS IN APOLLO HOSPITALS 6273583 60.17 1,419 85,375.27
3.01 BRIT IN BRITANNIA INDUSTRIES LTD BGSQG47 55.04 1,529 84,159.53
2.70 LT IN LARSEN & TOUBRO LTD B0166K8 35.19 2,148 75,593.13
2.54 UNSP IN UNITED SPIRITS LTD BYWFSB7 12.27 5,788 71,011.70
2.50 CASH 1.00 69,944 69,943.78
2.16 DLFU IN DLF LTD B1YLCV0 6.23 9,710 60,481.13
2.15 HAVL IN HAVELLS INDIA LTD BQGZWP9 16.79 3,580 60,117.06
2.15 HCLT IN HCL TECHNOLOGIES LTD 6294896 15.36 3,912 60,083.38
2.14 TTAN IN TITAN CO LTD 6139340 39.49 1,516 59,859.42
2.13 ZOMATO IN ZOMATO LTD BL6P210 1.20 49,434 59,549.70
2.12 TATA IN TATA STEEL LTD BPQWCZ3 1.53 38,777 59,266.67
2.11 TRENT IN TRENT LTD BDDRN32 24.91 2,368 58,990.13
2.07 SONACOMS IN SONA BLW PRECISI BNR5NG5 6.99 8,284 57,942.05
2.06 LTIM IN LTIMINDTREE LTD BD6F8V6 65.45 882 57,724.04
2.02 TTMT IN TATA MOTORS LTD B611LV1 7.48 7,541 56,418.83
2.02 APNT IN ASIAN PAINTS LTD BCRWL65 39.49 1,428 56,390.76
2.01 FB IN FEDERAL BANK LTD BFT7KB7 1.76 31,900 56,141.38
1.99 ACN ACCENTURE PLC-CL A B4BNMY3 316.09 176 55,631.84
1.98 SUNP IN SUN PHARMACEUTICAL INDUS 6582483 13.65 4,048 55,272.55
1.95 BPCL IN BHARAT PETROLEUM CORP LTD 6099723 4.24 12,854 54,551.61
-0.43 OTHER PAYABLE & RECEIVABLES 1.00 -12,109 -12,108.90
-1.64 INDIA RUPEE 0.01 -3,794,696 -45,757.82
Holdings are subject to change. "Cash" denotes U.S. dollars.

Exposure As of 08/31/23

Sector Weight (%)
Financials 30.6
Information Technology 19.0
Consumer Staples 13.1
Energy 8.9
Consumer Discretionary 8.7
Health Care 5.2
Industrials 4.9
Materials 4.3
Communication Services 3.1
Real Estate 2.2

Source: new windowAltaVista Research, LLC

Industry Weight (%)
Information Technology Services 30.8
Regional Banks 9.1
Food: Major Diversified 7.6
Household/Personal Care 7.6
Hospital/Nursing Management 6.6
Wireless Telecommunications 6.5
Engineering & Construction 5.6
Packaged Software 4.6
Other Consumer Specialties 4.5
Industrial Specialties 4.4
Motor Vehicles 4.3
Other/Cash 8.4

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 09/21/23

Return on Equity 22.40%
Weighted Avg. Market Cap 9,867 M
2022 2023
Price-to-earnings 32.69 23.93
Price-to-book value 5.20 5.53

Source: new windowAltaVista Research, LLC

ETF Research

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ETF Documents

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.