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 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 7/22/16

Ticker NORW
Primary Exchange NYSE Arca
CUSIP 37950E747
ISIN US37950E7470
Net Assets $113,200,293.75
Management Fee 0.50%
Annual Fund Operating Expense 0.50%
Inception Date 11/9/10
Shares Outstanding 10,800,000
30-Day SEC Yield 2.28%
Distribution Frequency Annually
Distribution Calendar

Fund Prices

As of 7/22/16
NAV Price
Net Asset Value $10.48 Closing Price $10.46
Daily Change ($0.21) -1.96% Daily Change ($0.13) -1.23%

Performance History

Cumulative %

Data as of month end (6/30/16)

Fund NAV Closing Price Index
1 Month -2.36% -1.13% -2.34%
3 Months 3.29% 4.70% 3.21%
6 Months 6.47% 8.04% 6.70%
Since Inception -15.86% -14.88% -12.00%

Avg Annualized %

Data as of month end (6/30/16)

Fund NAV Closing Price Index
1 Year -12.17% -11.24% -11.87%
3 Years -6.66% -6.28% -6.14%
5 Years -4.95% -4.86% -4.32%
Since Inception -3.02% -2.82% -2.24%

Avg Annualized %

Data as of quarter end (6/30/16)

Fund NAV Closing Price Index
1 Year -12.17% -11.24% -11.87%
3 Years -6.66% -6.28% -6.14%
5 Years -4.95% -4.86% -4.32%
Since Inception -3.02% -2.82% -2.24%

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 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 15, 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 7/22/16

Return on Equity 7.30%
Average Market Cap $4,062.00 M
2015 2016
Price-to-earnings 14.03 16.43
Price-to-book value 1.22 1.18

Source: AltaVista Research, LLC

Fund Risk Stats As of 7/22/16

Versus Beta
S&P 500 1.01
MSCI EAFE 1.10
MSCI Emg. Mkts 0.83
Standard Deviation 19.30%

Source: AltaVista Research, LLC

Top 10 Holdings

As of 7/22/16
Net Assets % Name Market Price ($) Shares Held Market Value ($)
17.28 STATOIL ASA 16.96 1,153,299 19,559,566.60
11.81 TELENOR ASA 17.53 762,606 13,370,909.76
9.71 DNB ASA 11.09 990,924 10,989,261.10
6.32 ORKLA ASA 8.99 796,093 7,156,059.65
4.71 MARINE HARVEST 16.92 315,117 5,333,214.52
4.66 NORSK HYDRO ASA 4.09 1,289,690 5,269,678.35
4.19 YARA INTERNATIONAL ASA 32.77 144,543 4,737,006.95
3.24 GJENSIDIGE FORSIKRING ASA 16.37 223,908 3,666,369.67
2.74 SUBSEA 7 SA 10.39 298,024 3,097,512.96
2.42 SCHIBSTED ASA-B SHS 29.85 91,806 2,740,060.63
Holdings are subject to change.

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.

Since the Fund’s Shares typically do not trade in the secondary market until several days after the Fund’s inception, for the period from inception to the first day of secondary market trading in Shares, the NAV of the Fund is used to calculate market returns.

Shares are bought and sold at market price (not NAV) and are not individually redeemed from the Fund. Brokerage commissions will reduce returns.

Carefully consider the fund’s investment objectives, risks, and charges and expenses. This and other information can be found in the fund’s prospectus. 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. Global X Funds are not sponsored, endorsed, issued, sold or promoted by Solactive AG, FTSE, Standard & Poors, NASDAQ, S-Network, Indxx, or MSCI nor do these companies make any representations regarding the advisability of investing in the Global X Funds. Neither SIDCO nor Global X is affiliated with Solactive AG, FTSE, Standard & Poors, NASDAQ, S-Network, Indxx, or MSCI.

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.

High short-term performance of the fund is unusual and investors should not expect such performance to be repeated.