Fund Objective

Seeks investment results that correspond (before fees and expenses) to the price and yield performance of the Indxx India Consumer Index.

Index Description

The Indxx India Consumer Index is a maximum 30-stock free-float adjusted market capitalization-weighted index designed to measure the market performance of companies in the consumer industry in India as defined by Indxx’s proprietary methodology. The index consists of common stocks listed on the primary exchange of India.

Reasons To Invest

  • Demographics driving consumption: Consumption is predicted to double from 2015 to 2025 in India as the combination of rapidly rising incomes and a robust growing population feeds the economy.1
  • India ranks high in the world in consumer confidence: India was the second ranked country in Nielsen‘s Global Consumer Trend Tracker. (Nielsen, June 2017).
  • Dedicated exposure to the India consumer: This fund provides exposure to companies in the consumer industry, such as automobiles, food products, beverages, media, and household products, which all stand to benefit from increases in consumption.

Key Statistics

as of 9/30/2018
Bloomberg Index Ticker IINCOT
Inception Date 8/10/2011
Expense Ratio 0.76%
Holdings 30
Average Market Cap $ 14.16B
Median Market Cap $ 9.61B
Total Constituent Daily Traded Value $ 0.62B
P/E Ratio (Trailing) 32.37x
Price/Book Ratio 5.81x
Index Dividend Yield 1.00%

Industry Breakdown (GICS)

as of 9/30/2018
Industry Weights (%)
Automobiles 21.47
Personal Products 18.42
Auto Components 14.51
Food Products 13.60
Textiles Apparel & Luxury Goods 7.77
Household Products 6.01
Tobacco 5.56
Media 4.46
Beverages 4.41
Food & Staples Retailing 2.59
Multiline Retail 1.20

Sector Breakdown (GICS)

as of 9/30/2018
Sector Weights (%)
Consumer Staples 50.59
Consumer Discretionary 49.41

Top Holdings (Ticker)

as of 9/30/2018
Company Weights (%)
Nestle India Ltd 6.12
Hindustan Unilever Ltd 5.97
Britannia Industries Ltd 5.81
Mahindra & Mahindra Ltd 5.70
ITC Ltd 5.54
Godrej Consumer Products Ltd 5.04
Titan Co Ltd 4.75
Dabur India Ltd 4.55
Bajaj Auto Ltd 4.41
Maruti Suzuki India Ltd 4.09


as of 9/30/2018
  3-Month (%) Year-to-Date (%) 1-Year (%) 3-Year (%) 5-Year (%) Since Inception (%)
Total Returns (Net Asset Value) -10.04 -17.52 -3.03 9.69 14.79 10.68
Total Returns (Market Price) -10.62 -17.44 -3.46 9.38 14.66 10.61
Indxx India Consumer Index Total Return -10.00 -16.94 -2.10 11.07 16.53 12.27

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 888.800.4347.

Market price returns are based on the midpoint of the bid/ask spread at 4 pm ET and do not represent the returns an investor would receive if shares were traded at other times.

Returns over one year are annualized.

Fund Literature


1 McKinsey Global Institute, "The 'Bird of Gold': The Rise of India's Consumer Market".

Emerging market investments involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, from economic or political instability in other nations or increased volatility and lower trading volume. 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. Small-cap and mid-cap companies generally will have greater volatility in price than the stocks of large companies due to limited product lines or resources or a dependency upon a particular market niche. One cannot invest directly in an Index.

©2018 Morningstar, Inc. All rights reserved. The Morningstar information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. For each exchange-traded fund ("ETF") with at least a three-year history, Morningstar calculates a Morningstar RatingTM used to rank the fund against other funds in the same category. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly excess performance, without any adjustments for loads (front-end, deferred, or redemption fees), placing more emphasis on downward variations and rewarding consistent performance. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. The top 10% of ETFs in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The overall rating for an ETF is based on a weighted average of the time-period ratings (e.g., the ETF's 3, 5, and 10 year rating). The Morningstar ratings for the overall-, three- and five-year periods for the ETFs are 4 stars, 5 stars and 4 stars among 24, 24 and 24 India Equity funds, respectively, and are based on a Morningstar Risk-Adjusted Return measure. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics.

"Indxx" is a service mark of Indxx Inc. and have been licensed for use for certain purposes by Columbia Management Investment Advisers, LLC (CMIA). The Fund is not sponsored, endorsed, sold or promoted by Indxx. Indxx, Inc. makes no representation or warranty, express or implied, to the owners of the Fund or any member of the public regarding the advisability of investing in securities generally or in the Fund particularly. Indxx Inc's only relationship to CMIA is the licensing of certain trademarks, trade names and service marks of Indxx and of the Underlying Indices, which are determined, composed and calculated by Indxx Inc. without regard to CMIA or the Fund. Indxx has no obligation to take the needs of CMIA or the shareholders of the Fund into consideration in determining, composing or calculating the Underlying Indices. Indxx Inc. is not responsible for and has not participated in the determination of the timing, amount or pricing of the Fund shares to be issued or in the determination or calculation of the equation by which the Fund shares are to be converted into cash. Indxx Inc. has no obligation or liability in connection with the administration, marketing or trading of the Fund. One cannot invest directly in an index

Indxx Inc. does not guarantee the accuracy and/or the completeness of the Underlying Indices or any data included therein and Indxx Inc. shall have no liability for any errors, omissions, or interruptions therein. Indxx Inc. makes no warranty, express or implied, as to results to be obtained by CMIA, shareholders of the Fund, or any other person or entity from the use of the Underlying Indices or any data included therein. Indxx Inc. makes no express or implied warranties, and expressly disclaims all warranties of merchantability or fitness for a particular purpose or use with respect to the Underlying Indices or any data included therein. Without limiting any of the foregoing, in no event shall Indxx Inc. have any liability for any lost profits or indirect, punitive, special or consequential damages or losses, even if notified of the possibility thereof. There are no third party beneficiaries of any agreements or arrangements between Indxx Inc. and CMIA. Shares of the Fund are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. One cannot directly invest in an index.