
The EGShares India Infrastructure exchange-traded fund (ETF) seeks investment results that generally correspond performance of the Indxx India Infrastructure Index. The Indxx India Infrastructure Index is a free-float market capitalization weighted stock market index comprised of 30 leading companies that Indxx, LLC determines to be representative of India's Infrastructure industries, as defined by the Industry Classification Benchmark (ICB).
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 12/31/11) |
ETF Ticker (NYSE): |
INXX |
Bloomberg Index Ticker: |
IINXXT |
|
Inception Date |
8/11/2010 |
|
Net Expenses* |
0.85% |
|
Holdings |
30 |
|
Average Market Cap |
$11.92B |
|
Median Market Cap |
$7.83B |
|
Trailing P/E Ratio |
8.0x |
|
Price/Book Ratio |
1.2x |
|
Index Dividend Yield |
3.08% |
Industry Weights
(As of 12/31/11) |
Industry |
Weights |
Electricity |
22.3% |
|
Construction & Materials |
21.8 |
|
Mobile Telecommunications |
13.1 |
|
Industrial Metals & Mining |
10.7 |
|
Industrial Engineering |
10.5 |
|
Oil & Gas Producers |
5.3 |
|
Real Estate Investment & Services |
5.1 |
|
Gas, Water & Multiutilities |
2.7 |
|
Electronic & Electrical Equipment |
2.7 |
Sector Weights
(As of 12/31/11) |
Sector |
Weights |
Industrials |
37.4% |
|
Utilities |
25.0 |
|
Telecommunications |
13.1 |
|
Basic Materials |
10.7 |
|
Oil & Gas |
6.9 |
|
Financials |
5.1 |
|
Consumer Goods |
1.8 |
Top 10 Holdings
(As of 12/31/11) |
Company |
Weights |
Tata Motors Ltd |
6.2% |
|
Power Grid Corp of India Ltd |
6.0 |
|
Idea Cellular Ltd |
5.6 |
|
NTPC Ltd |
5.3 |
|
GAIL India Ltd |
5.3 |
|
Bharti Airtel Ltd |
5.1 |
|
Tata Power Co Ltd |
5.0 |
|
ACC Ltd |
4.9 |
|
Ambuja Cements Ltd |
4.8 |
|
Ultratech Cement Ltd |
4.8 |
Performance
(As of 12/31/11) |
1-Month (%) | 3-Month (%) | Year-to-Date (%) | 1-Year (%) | Since Inception (%)** |
|
| Total Returns (Net Asset Value) |
-9.22 | -19.66 | -43.53 | -43.53 | -31.54 | |
| Total Returns (Market Price) |
-12.45 | -17.93 | -44.32 | -44.32 | -32.09 | |
| Indxx India Infrastructure Index |
-8.73 | -19.34 | -42.92 | -42.92 | -30.74 |
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.
*Gross expenses of 1.58% are reimbursed to keep from exceeding 0.85% of net assets. This agreement will remain in effect and will be contractually binding at least until July 29, 2012.
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.
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.
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.
**INXX inception date is 8/11/2010