ETF Evaluator:
VanEck India Growth Ldrs ETF ()
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(as of Aug 26)
Best Performing in India Equity Over the Last Year
| 3.1% | VanEck India Growth Ldrs ETF (GLIN) |
| 1.7% | Matthews India Active ETF (INDE) |
| -0.8% | Simplify Tara India Opportunities ETF (IOPP) |
| -1.6% | First Trust India NIFTY 50 Equal Wtd ETF (NFTY) |
| -2.0% | Columbia India Consumer ETF (INCO) |
Risk
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Risk
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ETF Details
VanEck India Growth Ldrs ETF Overview
VanEck India Growth Ldrs ETF (GLIN) is a passively managed International Equity India Equity exchange-traded fund (ETF). VanEck launched the ETF in 2010.
The investment seeks to replicate as closely as possible, before fees and expenses, the price and yield performance of the MarketGrader India All-Cap Growth Leaders Index.
The fund invests substantially all of its assets in the Subsidiary, a wholly-owned subsidiary located in the Republic of Mauritius. The index is comprised of equity securities which are generally considered by the index provider to exhibit favorable fundamental characteristics according to the index provider’s proprietary scoring methodology.
About VanEck India Growth Ldrs ETF (GLIN)
There are 2 members of the management team with an average tenure of 8.60 years: Peter Liao (2010) and Ralph Lasta (2025). Management tenure is more important for actively managed ETFs than passive index ETFs.
The ETF has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MarketGrader India AC Gwth Ldrs NR USD index with a weighting of 100%. VanEck India Growth Ldrs ETF has 83 securities in its portfolio. The top 10 holdings constitute 43.4% of the ETF’s assets. The ETF meets the SEC requirement of being classified as a diversified fund. The ETF is not considered to have an ESG focus with its investment selection and management.
VanEck India Growth Ldrs ETF is part of the Equity global asset class and is within the International Equity ETF group. VanEck India Growth Ldrs ETF has 97.0% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0% There is 97.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). VanEck India Growth Ldrs ETF has 3.0% of the portfolio in cash.
Assets Under Management
The fund has $94 million in total assets, which is below the $708 million average for the India Equity category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
GLIN Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The VanEck India Growth Ldrs ETF expense ratio is above average compared to funds in the India Equity category. VanEck India Growth Ldrs ETF has an expense ratio of 0.72%, which is 4% higher than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. VanEck India Growth Ldrs ETF has a portfolio turnover rate of 66%, which indicates that it holds its assets around / 0.0 years. By way of comparison, the average portfolio turnover is 35% for the India Equity category.
Recently, in the month of July 2026, VanEck India Growth Ldrs ETF returned -1.9%, which earned it a grade of F, as the India Equity category had an average return of 1.6%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all ETFs in that category.
VanEck India Growth Ldrs ETF has a trailing yield of 0.85%, which is above the 0.82% category average.
The fund normally distributes its income annually and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
VanEck India Growth Ldrs ETF Grades
Year to date, the ETF has returned -1.6%, 4.8 percentage points better than the category, which translates into a grade of A. The fund has returned 3.1% over the past year (grade of A), 8.7% over the past three years (grade of A) and 3.8% per year over the past five years (grade of D) and 1.2% per year over the past 10 years (grade of F).
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GLIN Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| GLIN Return (NAV) | -1.9% | 1.1% | 3.1% | 8.7% | 3.8% | 1.2% |
| GLIN Return (Price) | -2.6% | -0.1% | 2.8% | 8.5% | 3.8% | 1.1% |
| NAV +/- Price Return | 0.770% | 1.177% | 0.256% | 0.162% | 0.030% | 0.095% |
| India Equity Avg | 1.6% | 3.3% | -4.7% | 5.3% | 4.9% | 6.8% |
| GLIN Grade (NAV) | F | D | A | A | D | F |
| +/- Category (NAV) | -3.5% | -2.2% | 7.7% | 3.4% | -1.1% | -5.7% |
| GLIN Tax-Cost Ratio | na | na | 0.3% | 0.7% | 0.6% | 0.4% |
GLIN Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| GLIN Return (NAV) | -1.6% | -4.9% | 16.1% | 35.5% | -22.1% | 29.2% | 0.8% | -21.6% | -38.0% | 66.9% | -4.7% |
| GLIN Return (Price) | -1.8% | -5.5% | 15.7% | 36.1% | -21.5% | 29.6% | -0.3% | -21.6% | -37.4% | 66.5% | -4.5% |
| NAV +/- Price Ret | 0.111% | 0.112% | -0.027% | 0.017% | -0.027% | 0.014% | -1.357% | -0.2% | -1.6% | -0.5% | -5.3% |
| India Equity Avg | -6.4% | 0.7% | 12.4% | 26.7% | -9.8% | 26.5% | 13.6% | -0.2% | -13.5% | 44.0% | 0.8% |
| GLIN Grade (NAV) | A | D | B | A | F | A | F | F | F | A | F |
| +/- Category | 4.8% | -5.6% | 3.7% | 8.9% | -12.2% | 2.7% | -12.8% | -21.5% | -24.5% | 22.9% | -5.6% |
| Risk Measures | |
| Beta: | 0.73 |
| R-Squared: | 28% |
| Standard Deviation: | 19.2% |
| Category Risk Index: | 1.17 |
| Category Risk Rating: | High |
| Total Risk Index: | 1.57 |
| Total Risk Rating: | Above Average |
| Portfolio Characteristics | |
| Yield: | 0.9% |
| Total Assets: | $ 94 Mil |
| Share Class Assets: | $ 94 Mil |
| Turnover: | 66.0% |
| Expense Ratio: | 0.72% |
| Index Fund: | Yes |
| Index Tracked: | MSCI ACWI NR USD |
| Index Weighting: | 100% |
| Leveraged: | No |
| Socially Responsible Fund: | No |
| Capital Gains Distribution Frequency: | Annually |
| Income Distribution Frequency: | Annually |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 16.0 years | |||
| Average Tenure: 8.6 years | |||
| Managers (Year): Liao Peter (2010), Lasta Ralph (2025) | |||
Portfolio Composition (as of 7/31/26)
| # of Holdings: | 83 |
| % in Top 10 Holdings: | 43.4% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 97.0% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 97.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 3.0% |
Purchase Information
| Legal Structure: | Open Ended Investment Company |
| Fund Family: | VanEck |
| Phone Number: | 800-826-2333 |
| Website: | www.marketvectorsetfs.com |
| Inception Date: | August 24, 2010 |
Expenses and Fees
| Expense Ratio (%): | 0.72% (Rating: Above Avg) |
| Category Average Expense Ratio (%): | 0.69% |
