The EGShares India Infrastructure exchange-traded fund (ETF) seeks investment results that generally correspond to the performance of the Indxx India Infrastructure Index. The Indxx India Infrastructure Index is a free-float market capitalization weighted stock market index comprised of leading companies that Indxx, LLC determines to be representative of India’s Infrastructure industries.
INXX is designed to provide exposure to the growing infrastructure needs in India. Because India is expected to spend more than $1 trillion on infrastructure in the next five years, the companies selected for the underlying may be positioned to benefit since they include, among other industries, metal miners, energy and power producers, transportation, utility, and water companies.i
(As of 3/31/13) |
ETF Ticker (NYSE): |
INXX |
Bloomberg Index Ticker: |
IINXXT |
|
Inception Date |
8/11/2010 |
|
Net Expenses* |
0.85% |
|
Holdings |
30 |
|
Average Market Cap |
$7.78B |
|
Median Market Cap |
$5.76B |
|
Trailing P/E Ratio |
20.53x |
|
Price/Book Ratio |
3.07x |
|
Index Dividend Yield |
1.50% |
Industry Breakdown
(As of 3/31/13) |
Industry |
Weights |
Industrials |
35.7% |
|
Utilities |
24.1 |
|
Basic Materials |
13.2 |
|
Telecommunications |
12.9 |
|
Financials |
7.7 |
|
Oil & Gas |
4.8 |
|
Consumer Services |
1.5 |
Sector Breakdown
(As of 3/31/13) |
Sector |
Weights |
Electricity |
21% |
|
Construction & Materials |
19.1 |
|
Industrial Metals & Mining |
13.2 |
|
Industrial Engineering |
13.1 |
|
Mobile Telecommunications |
12.9 |
|
Real Estate Investment & Services |
7.7 |
|
Oil & Gas Producers |
4.8 |
|
Industrial Transportation |
3.5 |
|
Gas, Water & Multiutilities |
3 |
|
Media |
1.5 |
Top Company Holdings
(As of 3/31/13) |
Company |
Weights |
Bharti Airtel Ltd |
5.9% |
|
Tata Motors Ltd |
5.5 |
|
Tata Power Co Ltd |
5.2 |
|
DLF Ltd |
5.1 |
|
Larsen & Toubro Ltd |
4.9 |
|
GAIL India Ltd |
4.8 |
|
Ambuja Cements Ltd |
4.8 |
|
Idea Cellular Ltd |
4.8 |
|
Power Grid Corp of India Ltd |
4.6 |
|
Sterlite Industries India Ltd |
4.6 |
Performance
(As of 3/31/13) |
1-Month (%) | 3-Month (%) | Year-to-Date (%) | 1-Year (%) | Since Inception (%)** |
|
| Total Returns (Net Asset Value) |
-5.62 | -15.50 | -15.50 | -17.08 | -16.28 | |
| Total Returns (Market Price) |
-5.24 | -15.94 | -15.94 | -16.45 | -16.23 | |
| Indxx India Infrastructure Index |
-5.57 | -15.35 | -15.35 | -16.94 | -15.63 |
Performance data quoted represents past performance. Past performance does not guarantee future results. 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 the original cost. Current performance data may be higher or lower than actual data quoted. For the most current month-end performance data please call + 1 888 800 4347.
Because the Fund only invests in Indian securities, its NAV will be much more sensitive to changes in economic, political and other factors within India than would a fund that invested in a greater variety of countries. Special risks include, among others, political and legal uncertainty, persistent religious, ethnic and border disputes, greater government control over the economy, currency fluctuations or blockage and the risk of nationalization or expropriation of assets.
Market price returns are based on the midpoint of the bid/ask spread at 4 p.m. ET and do not represent the returns an investor would receive if shares were traded at other times.
*Effective April 1, 2013, EGA replaced the Fund's fee and expense structure with a unified fee ("Unified Fee"). Under the Unified Fee, EGA pays all ordinary operating expenses of the Fund from EGA's advisory fee.
This fund will concentrate its investments in issuers of one or more particular industries to the same extent that its Underlying Index is so concentrated and to the extent permitted by applicable regulatory guidance. Concentration risk results from maintaining exposure to issuers conducting business in a specific industry.
**INXX inception date is 8/11/2010.