The EGShares India Small Cap exchange-traded fund (ETF) seeks investment results that generally correspond (before fees and expenses) to the price and yield performance of the Indxx India Small Cap Index. The index is a free-float market capitalization weighted stock market index comprised of a representative sample of Indian companies that Indxx LLC determines to be the representative of small market cap companies in India.
SCIN is designed to provide exposure to a broad segment of small capitalization companies in India. While large cap companies may have greater exposure to business cycles in developed economies, small cap companies may have more earnings generated from within India, creating a truer exposure to the domestic economy.i
(As of 3/31/13) |
ETF Ticker (NYSE): |
SCIN |
Bloomberg Index Ticker: |
EGSXIIST |
|
Inception Date |
7/7/2010 |
|
*Expense Ratio |
0.85% |
|
Holdings |
77 |
|
Average Market Cap |
$1.20B |
|
Median Market Cap |
$1.14B |
|
Trailing P/E Ratio |
7.72x |
|
Price/Book Ratio |
1.27x |
|
Index Dividend Yield |
1.80% |
Industry Breakdown
(As of 3/31/13) |
Industry |
Weights |
Financials |
27.6% |
|
Consumer Goods |
20.2 |
|
Industrials |
15.7 |
|
Health Care |
10.0 |
|
Utilities |
7.7 |
|
Basic Materials |
7.1 |
|
Consumer Services |
5.7 |
|
Oil & Gas |
3.9 |
|
Technology |
1.5 |
|
Telecommunications |
0.3 |
Sector Breakdown
(As of 3/31/13) |
Sector |
Weights |
Banks |
15.6% |
|
Personal Goods |
7.0 |
|
Industrial Engineering |
6.8 |
|
Food Producers |
6.5 |
|
Chemicals |
6.5 |
|
Pharmaceuticals & Biotechnology |
6.2 |
|
Automobiles & Parts |
6.2 |
|
Financial Services |
6.1 |
|
Construction & Materials |
5.4 |
|
Electricity |
4.5 |
|
Real Estate Investment & Services |
3.8 |
|
Health Care Equipment & Services |
3.8 |
|
Electronic & Electrical Equipment |
3.3 |
|
Gas, Water & Multiutilities |
3.2 |
|
Media |
3.1 |
|
Oil & Gas Producers |
2.8 |
|
Travel & Leisure |
2.5 |
|
Nonlife Insurance |
2.0 |
|
Software & Computer Services |
1.5 |
|
Alternative Energy |
0.8 |
Top Company Holdings
(As of 3/31/13) |
Company |
Weights |
Federal Bank Ltd |
4.2% |
|
Apollo Hospitals Enterprise Ltd |
3.8 |
|
Tata Chemicals Ltd |
3.6 |
|
Aditya Birla Nuvo Ltd |
3.5 |
|
Mahindra & Mahindra Financial Services Ltd |
3.4 |
|
Tata Global Beverages Ltd |
3.2 |
|
Exide Industries Ltd |
2.9 |
|
Hindustan Petroleum Corp Ltd |
2.8 |
|
United Phosphorus Ltd |
2.3 |
|
Ashok Leyland Ltd |
2.2 |
Performance
(As of 3/31/13) |
1-Month (%) | 3-Month (%) | Year-to-Date (%) | 1-Year (%) | Since Inception (%)** |
|
| Total Returns (Net Asset Value) |
-3.26 | -16.11 | -16.11 | -12.87 | -15.23 | |
| Total Returns (Market Price) |
-3.20 | -16.54 | -16.54 | -13.69 | -15.33 | |
| Indxx India Small Cap Index |
-3.81 | -16.40 | -16.40 | -12.19 | -14.38 |
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.
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.
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.
Small and Medium capitalization companies may have greater volatility in price than the stocks of large capitalization companies due to limited product lines or resources or a dependency upon a particular market niche.
**SCIN inception date is 7/7/2010.