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About Global X Funds Global X India Active ETF
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Inception date
Aug 17, 2023
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Qualified dividends
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
Global X Management Co. LLC
Distributor
SEI Investments Distribution Co.
NDIA is actively managed to invest in stocks from the worlds most populous nation, India. The country is considered to have favorable demographics, an educated workforce, attractive labor costs, government driven growth and reforms, and rising affluence that is fueling consumption. Portfolio development begins with a proprietary quantitative screening process to identify the investable universe. Then using bottom-up analysis, analysts compile a recommendation list of their highest-conviction stocks within each sector. An investment team determines the model portfolio. Based on a combination of this information and using a four- to five-year investment horizon for growth, portfolio managers construct the underlying portfolio of 20-30 stocks. The fund expects to invest in a broad range of sectors, but may hold 25% or more in a particular sector. All positions are actively managed, balancing both growth and return profiles.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Finance
Technology Services
Energy Minerals
Stocks98.75%
Finance35.83%
Technology Services12.35%
Energy Minerals10.79%
Consumer Durables7.32%
Non-Energy Minerals5.76%
Communications5.15%
Industrial Services3.80%
Retail Trade3.52%
Consumer Non-Durables3.50%
Transportation3.12%
Utilities2.80%
Health Services2.68%
Producer Manufacturing2.12%
Bonds, Cash & Other1.25%
Cash1.25%
Stock breakdown by region
Asia97.85%
North America2.15%
Latin America0.00%
Europe0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
NDIA invests in stocks. The fund's major sectors are Finance, with 35.83% stocks, and Technology Services, with 12.35% of the basket. The assets are mostly located in the Asia region.
NDIA top holdings are HDFC Bank Limited and Reliance Industries Ltd Sponsored GDR 144A, occupying 9.10% and 8.55% of the portfolio correspondingly.
NDIA last dividends amounted to 0.98 USD. Six months before that, the issuer paid 0.03 USD in dividends, which shows a 96.73% increase.
NDIA assets under management is 45.85 M USD. It's risen 8.75% over the last month.
NDIA fund flows account for 27.17 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, NDIA pays dividends to its holders with the dividend yield of 0.13%. The last dividend (Jan 7, 2025) amounted to 1.05 USD. The dividends are paid semi-annually.
NDIA shares are issued by Mirae Asset Global Investments Co., Ltd. under the brand Global X. The ETF was launched on Aug 17, 2023, and its management style is Active.
NDIA expense ratio is 0.76% meaning you'd have to pay 0.76% of your investment to help manage the fund.
NDIA follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
NDIA invests in stocks.
NDIA price has risen by 0.85% over the last month, and its yearly performance shows a −4.64% decrease. See more dynamics on NDIA price chart.
NAV returns, another gauge of an ETF dynamics, showed a 4.90% increase in three-month performance and has decreased by −2.21% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 4.90% increase in three-month performance and has decreased by −2.21% in a year.
NDIA trades at a premium (0.21%) meaning the ETF is trading at a higher price than the calculated NAV.