INDA Fund Description

The iShares MSCI India ETF tracks a market-cap-weighted index of the top 85% of firms in the Indian securities market.

INDA ETF.com Insight

Our take on INDA: an excellent basket of stocks wich now has excellent tradability as well. INDA's portfolio is very marketlike, with its underlying index covering 85% of the market-cap ofDaily liquidity has improved tremendously our broader MSCI benchmark. Having launched in early 2012 and tracking the exact same index as INP (an exchange-traded note that launched years earlier), INDA struggled early on with assets, but now has multiples of INP's assets.  Its daily liquidity has improved tremendously as well- the fund trades $10M on most days with fairly tight spreads. Still, the fund has a large footprint in local markets, and while this aspect may be hard to avoid, it can adversely move the price of underlying securities for the largest trades. In all, INDA charges a competitive 0.67% and earns Analyst Pick for reasonable fee, decent liquidity and great coverage. (Insight updated 07/22/2014)

  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 09/26/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

INDA
-1.58% 4.30% 23.82% 32.79% -- -- --

INDA (NAV)
-0.91% 4.63% 24.88% 33.73% -- -- --

MSCI India Total Return Index
-0.85% 4.71% 25.31% 34.31% -- -- --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

INDA Top 10 Countries

INDA Top 10 Sectors

INDA Top 10 Holdings View All

INDA Summary Data

BlackRock

A company that produces and manages ETFs.

02/02/12

The first date of a fund's operations, as documented by the issuer.

Open-Ended Fund

The organizational structure of the fund or ETN.

0.67%

The net total annual fee a fund holder pays to the issuer.

$1.47 B

The market value of total assets that a fund has accumulated and now manages on behalf of investors.

$12.87 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

0.07%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

INDA Portfolio Data

$28.53 B

Describes the average of each stock's market cap (share price x shares outstanding) scaled by its weight in the portfolio.

18.90

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.89

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

0.57%

The ratio of distributions paid by the fund over the past 12 months, divided by the fund’s NAV.

12/17/14

The date on which a security's price excludes an upcoming dividend.

69

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

INDA Index Data

MSCI India Total Return Index

This is the benchmark an ETF is desigend to track or replicate.

Market Cap

A set of rules that the underlying index provider follows to weight its constituent securities.

Market Cap

A set of rules that the underlying index provider follows to select its constituent securities.

MSCI India Investable Markets

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

Related ETFs to INDA

EPI, INP

ETFs from within the same segment or closely related segments with similar investment objectives or market exposures.

INDA Commentary & News

25 September 2014
ETF Analytics & Data
2 September 2014
ETF Explainer: EWP - Departments | ETF.com
Dennis Hudachek

INDA ETF.com Efficiency Insight

With an expense ratio of 0.67%, INDA charges the lowest fee in the India Total Market segment. It tracks its index better than peer funds too.  INDA is now well established with over $1.3B in AUM. Taxwise, the fund hasn't paid out any capital gains distributions since its inception. (Insight updated 07/22/2014)


Total Return - 09/26/2014
  • 1 Month

  • 3 Months

  • YTD

  • 1 Year

  • 3 Years

  • 5 Years

  • Max

Performance [as of 09/26/14] 1 Month 3 Month YTD 1 Year 3 Years 5 Years 10 Years

INDA
-1.58% 4.30% 23.82% 32.79% -- -- --

INDA (NAV)
-0.91% 4.63% 24.88% 33.73% -- -- --

MSCI India Total Return Index
-0.85% 4.71% 25.31% 34.31% -- -- --

MSCI India Investable Markets
-0.64% 4.34% 27.68% 38.57% 10.08% 4.60% --
All returns over 1 year are annualized. All returns are total returns unless otherwise stated.

INDA Portfolio Management

0.67%

The net annual fee a fund holder pays to the issuer.

-0.46%

Compares returns of the fund's NAV to its underlying index for a daily series of overlapping 12 month periods. The median is the middle value of the results.

0.40%

Largest deviation in a positive direction of a fund's returns vs. its underlying index over the past 12 months.

-0.93%

Largest deviation in a negative direction of a fund's returns vs. its underlying index over the past 12 months.

INDA Tax Exposures

20.00% / 39.60%

The maximum long-term and short-term U.S. tax rates applicable to a realized capital gain.

0.00%

The average capital gains paid out to shareholders in the past 36 months, measured as a percent of net asset value (NAV) at the time.

Qualified dividends

IRS treatment of the majority of the fund's distributions.

No

ETFs that are structured as commodities pools and classified as limited partnerships by the IRS will issue K-1 forms to holders.

INDA Fund Structure

Open-Ended Fund

The organizational structure of the fund or ETN.

No

An indicator of whether a fund uses over-the-counter derivatives such as swaps or forwards to achieve its objectives.

No

An indicator of whether or not a fund actively lends its portfolio holdings.

75% / 25%

The division of securities lending revenue between the fund and the issuer.

N/A

The institution responsible for providing the return of the stated index and whose credit is the sole backing of the ETN.

N/A

The risk of default by the ETN counterparty.

Low

The likelihood that an issuer will shut down a fund for business or regulatory reasons.

Daily

The frequency of an issuer's disclosure of all fund holdings.

INDA ETF.com Tradability Insight

Trading volume continues to improve for INDA. The fund trades more than $10M most days at spreads of 7 bps. Larger traders can expect low costs from liquidity providers, but price impact from creates/redeems is a real concern. (Insight updated 07/22/2014)

Average Spread

Premium/Discount

Volume

INDA ETF.com/ Block LiquidityAs of 09/29/2014

5
4
3
2
1

This measurement shows how easy it is to trade 25,000 shares of INDA. INDA is rated a 2 out of 5.

INDA Tradability

418,344

It is the daily number of shares traded, averaged over the past 45 trading days.

$12.87 M

It is the daily dollar value of shares traded, averaged over the past 45 trading days.

384,021

Median number of shares traded over the past 45 trading days.

$11.79 M

Median dollar value of shares traded over the past 45 trading days.

0.07%

The difference between the highest price a market participant is willing to pay to buy an ETF and the lowest price at which a market participant is willing to sell an ETF, averaged over the past 45 days, as a percent.

$0.02

The difference between the highest and lowest posted prices for an ETF, averaged over the past 45 days, in dollars.

0.43%

The middle value in the ranked set of all premium/discount values over a maximum 12-month period.

2.85% / -2.82%

The greatest amount that the market price exceeded (premium) and fell below (discount) its fair value/net asset value (NAV) over a maximum 12-month period.

None

This flags whether there is currently a systemic issue that has restricted the ability to create or redeem shares of the fund. This may be imposed by the fund's issuer, or by external circumstances.

0.00%

The percent of time that the underlying securities of an ETF are open to trading while US exchanges are open.

50,000

The smallest block of ETF shares that an Authorized Participant can either create or redeem at net asset value (NAV) with the issuer in exchange for the underlying shares of the fund.

7.68

The median 45 day share volume divided by the creation unit size of the fund. The higher the number, the more likely that liquidity providers will trade the fund in size, or in odd lots.

0.23%

The standard fee to create or redeem 1 creation unit of an ETF as a percentage of the dollar value of 1 creation unit.

3.76%

This metric serves as a way of understanding the impact of executing 1 creation unit worth of an ETF in terms of the volume of its underlying components.

187

The total number of net outstanding options contracts for an ETF.

$30.53

The total market value of the assets that an ETF holds less fund expenses.

2

An estimate of liquidity for the underlying baskets of securities, scaled 1 to 5.

INDA ETF.com Fit Insight

INDA represents the India market extremely well. It happens to track a similar index as our MSCI benchmark. Still, INDA's focus on large- and midcaps (it covers 85% of India's free-float market cap) creates some differences. INDA tilts slightly toward large-caps, as seen by its higher weighted average market cap. The fund's portfolio is also top-heavy because its basket is roughly 1/4 the size of our benchmark. Despite these discrepancies, INDA offers the most marketlike basket in the segment. (Insight updated 07/22/2014)

INDA Sector/Industry BreakdownView All

INDA Segment Benchmark
18.91% 20.62%
19.52% 18.97%
11.21% 12.58%
10.46% 11.04%
8.57% 8.92%
8.42% 7.65%
7.76% 6.83%
8.55% 6.67%
3.31% 2.97%

INDA Geographic Exposure

INDA Segment Benchmark
100.00% 100.00%

INDA Segment Benchmark
100.00% 100.00%
0% / 100.00% 0% / 100.00%

INDA Performance Statistics

0.99

The degree to which the fund and its segment benchmark move up and down in unison.

0.99

The sensitivity of the returns of the fund to the movement of the ETF.com segment benchmark. Beta of 1.0 means magnitude of fund returns equals that of IU benchmark returns.

-3.27%

The excess return of fund relative to ETF.com segment benchmark on a risk adjusted basis. Only reported if statistically significant.

1.03

The comparison of a fund's return to our benchmark's for days when the benchmark is up. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.96

The comparison of a fund's return to our benchmark's for days when the benchmark is down. Ideally down beta is less than up beta while beta of 1.0 means they're equal.

0.09%

A measure of the variability between the fund's returns and the ETF.com segment benchmark returns on days when the fund underperforms the benchmark.

MSCI India Investable Markets

This is the index that we have chosen as the best-in-class gauge for each segment's broad market.

INDA Benchmark Comparison

INDA
69 Holdings
Segment Benchmark
212 Constituents
Shared Holdings
68 (Count)
 
87.54% (Weight)
INDASegment Benchmark
$25.14 B$28.53 B

The average market capitalization of the firms in the portfolio based on each firm’s weighting in the portfolio.

The breakdown of the portfolio’s holdings into each market capitalization bucket based on each firm’s weighting in the portfolio.

61%70%
25%28%
12%2%
2%0%
19.9418.90

Weighted average ratio of prices of a fund’s stocks to trailing earnings of underlying stocks.

2.772.89

Weighted average ratio of prices of a fund’s stocks to the book value of underlying equity.

1.02%1.04%

The weighted average of the current yield on the portfolio’s holdings.

21269

The number of securities held in the fund as of ETF.com’s analysis date, based on issuer portfolios or the creation basket. If an ETF holds other ETFs, we count every constituent, looking through the ETF wrapper.

MediumMedium

The level of return contribution attributable to the average portfolio constituent.