Global X MSCI Norway ETF
Data updated: 2022-12-29
C000081215 — Global X MSCI Norway ETF. Global (incl. US) Blend / Core Equity · $99.11M AUM · 0.50% expense ratio. Holdings, fees, performance and SEC filings.
C000081215 Fund Overview
Global X MSCI Norway ETF is a US ETF managed by Global X Funds, categorised as Global (incl. US) Blend / Core Equity. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: Global X Funds
- Category: Global (incl. US) Blend / Core Equity
- Assets under management: $99.11M
- 1-year return: -21.7%
- SEC CIK: 0001432353
- SEC series ID: S000026980
- Share class ID: C000081215
C000081215 Investment Objective and Strategy
Global X MSCI Norway ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Global X Funds.
Investment objective
The Global X MSCI Norway ETF (Fund) seeks investment results that correspond generally to the price and yield performance, before fees and expenses, of the MSCI Norway IMI 25/50 Index (Underlying Index).
Principal investment strategy
"The Fund invests at least 80% of its total assets in the securities of the Underlying Index and in American Depositary Receipts (""ADRs"") and Global Depositary Receipts (""GDRs"") based on the securities in the Underlying Index. The Fund also invests at least 80% of its total assets in securities of companies that are economically tied to Norway. The Funds 80% investment policies are non-fundamental and require 60 days prior written notice to shareholders before they can be changed. The Fund may lend securities representing up to one-third of the value of the Funds total assets (including the value of the collateral received). The Underlying Index is designed to represent the performance of the broad Norway equity universe, as defined by MSCI, Inc. (""MSCI""), the provider of the Underlying Index (""Index Provider"").
The broad Norway equity universe includes securities that are classified in Norway according to the MSCI Global Investable Market Index Methodology. The Funds investment objective and Underlying Index may be changed without shareholder approval. The Underlying Index is sponsored by the Index Provider, which is an organization that is independent of the Fund and Global X Management Company LLC, the investment adviser for the Fund (Adviser). The Index Provider determines the relative weightings of the securities in the Underlying Index and publishes information regarding the market value of the Underlying Index. The Adviser uses a passive or indexing approach to try to achieve the Funds investment objective. Unlike many investment companies, the Fund does not try to outperform the Underlying Index and does not seek temporary defensive positions when markets decline or appear overvalued.
The Fund generally will use a replication strategy. A replication strategy is an indexing strategy that involves investing in the securities of the Underlying Index in approximately the same proportions as in the Underlying Index. However, the Fund may utilize a representative sampling strategy with respect to the Underlying Index when a replication strategy might be detrimental or disadvantageous to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of equity securities to replicate the Underlying Index, in instances in which a security in the Underlying Index becomes temporarily illiquid, unavailable or less liquid, or as a result of legal restrictions or limitations (such as tax diversification requirements) that apply to the Fund but not the Underlying Index.
The Adviser expects that, over time, the correlation between the Funds performance and that of the Underlying Index, before fees and expenses, will exceed 95%. A correlation percentage of 100% would indicate perfect correlation. If the Fund uses a replication strategy, it can be expected to have greater correlation to the Underlying Index than if it uses a representative sampling strategy. The Fund concentrates its investments (i.e., holds 25% or more of its total assets) in a particular industry or group of industries to approximately the same extent that the Underlying Index is concentrated. As of December 29, 2017 , the Underlying Index was concentrated in the energy sector."
C000081215 Holdings
Top 10 holdings of Global X MSCI Norway ETF by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dnb Asa | 11.97% |
| Equinor Asa | 11.38% |
| Telenor Asa | 7.49% |
| Mowi Asa | 6.31% |
| Yara International Asa | 4.89% |
| Orkla Asa | 4.09% |
| Norsk Hydro ASA | 3.84% |
| Tomra Systems Asa | 3.30% |
| Gjensidige Forsikring Asa | 3.04% |
| Nel ASA | 2.98% |
C000081215 Portfolio Allocation
Asset-class allocation of Global X MSCI Norway ETF by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Equity | 99.9% |
C000081215 Performance
Total returns for C000081215 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -21.7% |
| 3 years (annualised) | 2.5% |
C000081215 Risk Information
Risk metrics for C000081215, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 32.4%
C000081215 Costs and Fees
C000081215 costs about $50 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.50%
- Gross expense ratio: 0.50%
- Portfolio turnover: 8%
- Brokerage commissions: 1.01 bps of average net assets (SEC N-CEN)
C000081215 Cashflows
Over the 12 months to 2022-10, Global X MSCI Norway ETF had net inflows of $92.24M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-10 | $0 |
| 2022-09 | $0 |
| 2022-08 | $2.30M |
| 2022-07 | $3.40M |
| 2022-06 | $1.63M |
| 2022-05 | $3.77M |
C000081215 Debt Constituents
No individual debt constituents are reported in Global X MSCI Norway ETF's latest SEC N-PORT filing.
C000081215 Prospectus and SEC Filings
Official Global X MSCI Norway ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2020-03-17
- Prospectus supplement (497) — filed 2021-02-26
- Prospectus supplement (497) — filed 2021-02-25
- Portfolio holdings (N-PORT) — filed 2022-12-29
- Portfolio holdings (N-PORT) — filed 2022-09-27
- Portfolio holdings (N-PORT) — filed 2022-06-29
- Annual census (N-CEN) — filed 2022-01-14
- Annual census (N-CEN) — filed 2021-01-13
Related Funds
Other Global (incl. US) Blend / Core Equity funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.