NORW


MSCI Norway ETF

Fund Summary

The Global X MSCI Norway ETF (NORW) invests in among the largest and most liquid Norwegian securities.

Fund Objective

The Global X MSCI Norway ETF (NORW) seeks to provide investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Norway IMI 25/50 Index.

Why NORW?

Efficient Access

Efficient access to a broad basket of Norwegian securities.

Targeted Exposure

The fund targets exposure to a single country.

Fund Details As of 9/23/20

Key Facts

Ticker NORW
Inception Date 11/9/10
CUSIP 37950E747
ISIN US37950E7470
Bloomberg Index Ticker M1NO5IM
Primary Exchange NYSE Arca
Number of Holdings 55

Stats & Fees

Net Assets $30,887,469
NAV $10.13
Shares Outstanding 3,050,000
Total Expense Ratio 0.50%

Distributions

30-Day SEC Yield 2.67%
Distribution Frequency Semi-Annually

Fund Prices As of 9/23/20

NAV Price
Net Asset Value $10.13 Closing Price $9.92
Daily Change -$0.08 -0.76% Daily Change -$0.23 -2.27%

Performance History

Cumulative %

Data as of month-end (8/31/20)

Fund NAV Closing Price Index
Year-to-Date -9.67% -9.89% -9.56%
1 Month 8.63% 8.49% 8.66%
3 Months 19.64% 19.17% 19.77%
6 Months 9.70% 7.26% 9.89%
Since Inception 5.95% 5.25% 11.88%

Avg Annualized %

Data as of month-end (8/31/20)

Fund NAV Closing Price Index
1 Year 1.19% 1.09% 1.41%
3 Years -0.94% -1.19% -0.67%
5 Years 4.88% 4.29% 5.14%
Since Inception 0.59% 0.52% 1.15%

Avg Annualized %

Data as of quarter-end (6/30/20)

Fund NAV Closing Price Index
1 Year -21.62% -20.67% -21.48%
3 Years -2.49% -2.28% -2.22%
5 Years -1.50% -1.32% -1.26%
Since Inception -1.22% -1.12% -0.67%

The Fund's name, investment objective and investment strategies changed effective July 15, 2014. Fund performance prior to July 15, 2014, will reflect the investment objective and strategies of the Fund when it was the Global X FTSE Norway 30 ETF. The Hybrid Norway Index (noted as "Index" above in the chart) consists of the FTSE Norway 30 Index from the inception of the Fund through July 14, 2014, and the MSCI Norway IMI 25/50 Index going forward.

Cumulative return is the aggregate amount that an investment has gained or lost over time. Annualized Return is the average return gained or lost by an investment each year over a given time period.

The performance data quoted represents past performance. Past performance does not guarantee future results. The 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 their original cost and current performance may be lower or higher than the performance quoted.

Fund Characteristics As of 9/23/20

Return on Equity 2.20%
Weighted Avg. Market Cap 14,675 M
2019 2020
Price-to-earnings 15.76 21.20
Price-to-book value 0.48 0.47

Source: AltaVista Research, LLC

Fund Risk Stats As of 9/23/20

Versus Beta
S&P 500 1.12
MSCI EAFE 1.33
MSCI Emg. Mkts 0.97
Standard Deviation 23.70%

Source: AltaVista Research, LLC

Sector Breakdown As of 8/31/20

% of Net Assets
Financials 22.1
Consumer Staples 18.4
Energy 17.3
Communication Services 15.2
Industrials 10.2
Materials 9.5
Information Technology 2.3
Utilities 2.2
Real Estate 1.7
Consumer Discretionary 0.6
Other/Cash 0.5

Source: AltaVista Research, LLC

Top 10 Holdings As of 9/23/20

Net Assets (%) Ticker Name SEDOL Market Price ($) Shares Held Market Value ($)
12.35 EQNR NO EQUINOR ASA 7133608 14.89 256,165 3,814,888.33
10.70 DNB NO DNB ASA 4263304 13.68 241,521 3,303,684.92
9.52 TEL NO TELENOR ASA 4732495 15.95 184,324 2,939,407.47
6.25 MOWI NO MOWI ASA B02L486 17.45 110,683 1,931,063.11
4.91 YAR NO YARA INTERNATIONAL ASA 7751259 37.32 40,651 1,517,130.62
4.69 ORK NO ORKLA ASA B1VQF42 9.68 149,513 1,447,840.63
3.66 TOM NO TOMRA SYSTEMS ASA 4730875 40.70 27,770 1,130,297.63
3.37 GJF NO GJENSIDIGE FORSIKRING ASA B4PH0C5 19.73 52,764 1,040,806.03
3.31 ADE NO ADEVINTA ASA BJ0DP40 17.17 59,572 1,022,922.92
3.25 SCHB NO SCHIBSTED ASA-B SHS BWVFKQ3 38.60 26,028 1,004,769.52
Holdings are subject to change.

Investing involves risk, including the possible loss of principal. International investments may involve risk of capital loss from unfavorable fluctuation in currency values, from differences in generally accepted accounting principles, or from economic or political instability in other nations. Securities focusing on a single country may be subject to higher volatility. NORW is non-diversified.

Shares of ETFs are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns. Global X NAVs are calculated using prices as of 4:00 PM Eastern Time. The closing price is the Mid-Point between the Bid and Ask price as of the close of exchange. Closing price returns do not represent the returns you would receive if you traded shares at other times. Indices are unmanaged and do not include the effect of fees, expenses or sales charges. One cannot invest directly in an index.

Carefully consider the Fund’s investment objectives, risks, and charges and expenses before investing. This and other information can be found in the Fund’s summary or full prospectuses. Please read the prospectus carefully before investing.

Global X Management Company LLC serves as an advisor to Global X Funds. The Funds are distributed by SEI Investments Distribution Co. (SIDCO), which is not affiliated with Global X Management Company LLC or Mirae Asset Global Investments. Global X Funds are not sponsored, endorsed, issued, sold or promoted by MSCI, nor does MSCI make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO, Global X nor Mirae Asset Global Investments are affiliated with MSCI.