iShares MSCI Norway ETF

About

iShares MSCI Norway ETF (US46429B4995) is a US-listed equity ETF tracking the MSCI Norway IMI 25/50 Index (Net). With a expense ratio of 0.53%, its costs are on the higher end for an ETF, paying distributions. The fund holds 66 positions across 1 region with 86M in assets, with heavy concentration — 100% in Norway.

Score Breakdown

Scores are scaled 1–10 on a logarithmic curve relative to all ETFs in the database. Last updated: Jun 22, 2026

Component	Score	Details
Cost (30%)	7.5	Tracking Difference: 10.0 · TD Consistency: — · Expense Ratio: 1.8
Liquidity (25%)	5.5	Assets Under Management

Data sources: provider factsheets, exchange data, and NAV history. Information for educational purposes only — not investment advice.

Ticker ENOR

ISIN

Fund Size $86.3M

Issuer iShares

Distribution Pays Distributions

Replication Physical

Inception Jan 2012

Base Currency USD

Index MSCI Norway IMI 25/50 Index (Net)

Asset Class Equities

Category Other Country Equity

Costs

7.5

This fund has low total costs, with competitive tracking and expense ratios.

Expense Ratio0.00%

Metric	Value
Expense Ratio	0.53%

Cumulative Returns

Performance across different time periods.

Year to Date+0.00%

1 Year+0.00%

3 Years+0.00%

5 Years+0.00%

Inception+0.00%

Period	Cumulative Return
1 Month	—
3 Months	—
6 Months	—
1 Year	+40.39%
3 Years	+25.05%
5 Years	+8.94%
10 Years	+9.65%
YTD	+28.64%
Since Inception	+5.92%

Holdings

This fund invests into 66 individual investments.

DNB Bank ASA

11.48%

Equinor ASA

10.65%

Norsk Hydro ASA

6.27%

Kongsberg Gruppen ASA

6.12%

Aker BP ASA

4.76%

Telenor ASA

4.29%

Mowi ASA

4.07%

Subsea 7 SA

3.67%

Orkla ASA

3.46%

#10

Storebrand ASA

3.44%

View all holdings (50)

#	Holding	Ticker	Weight
1	DNB Bank ASA	DNB	1147.61%
2	Equinor ASA	EQNR	1064.92%
3	Norsk Hydro ASA	NHY	626.99%
4	Kongsberg Gruppen ASA	KOG	612.20%
5	Aker BP ASA	AKRBP	476.18%
6	Telenor ASA	TEL	429.40%
7	Mowi ASA	MOWI	407.23%
8	Subsea 7 SA	SUBC	367.11%
9	Orkla ASA	ORK	346.20%
10	Storebrand ASA	STB	343.86%
11	Yara International ASA	YAR	341.06%
12	Frontline PLC	FRO	263.91%
13	Gjensidige Forsikring ASA	GJF	254.83%
14	Var Energi ASA	VAR	193.25%
15	SpareBank 1 Sor-Norge ASA	SB1NO	192.69%
16	Schibsted ASA	VEND	189.89%
17	Salmar ASA	SALM	175.39%
18	Nordic Semiconductor ASA	NOD	162.45%
19	TGS ASA	TGS	131.38%
20	Aker ASA	AKER	122.66%
21	Protector Forsikring ASA	PROT	116.91%
22	Kitron ASA	KIT	116.16%
23	KONGSBERG MARITIME	KMAR	114.36%
24	SpareBank 1 SMN	MING	112.10%
25	TOMRA Systems ASA	TOM	103.18%
26	Bakkafrost P/F	BAKKA	101.63%
27	BW LPG Ltd	BWLPG	81.71%
28	DOF Group ASA	DOFG	76.41%
29	Hoegh Autoliners ASA	HAUTO	74.50%
30	Europris ASA	EPR	66.98%
31	SpareBank 1 Nord Norge	NONG	65.65%
32	Scatec ASA	SCATC	65.23%
33	Atea ASA	ATEA	64.00%
34	Aker Solutions ASA	AKSO	63.96%
35	Wallenius Wilhelmsen ASA	WAWI	62.71%
36	AutoStore Holdings Ltd	AUTO	62.39%
37	Cadeler A/S	CADLR	58.77%
38	BLUENORD ASA	BNOR	56.30%
39	Leroy Seafood Group ASA	LSG	53.09%
40	Odfjell Drilling Ltd	ODL	49.37%
41	Sparebank 1 Oestlandet	SPOL	43.24%
42	Elkem ASA	ELK	41.59%
43	Norwegian Air Shuttle ASA	NAS	39.85%
44	MPC Container Ships ASA	MPCC	39.23%
45	DNO ASA	DNO	36.53%
46	SATS	SATS	34.07%
47	Austevoll Seafood ASA	AUSS	32.57%
48	Wilh Wilhelmsen Holding ASA	WWI	32.34%
49	Norconsult Norge AS	NORCO	30.42%
50	Stolt-Nielsen Ltd	SNI	29.43%

Sectors

Allocation by industry sector.

Sector	Weight
Energy	2910.00%
Financials	2296.00%
Industrials	1277.00%
Consumer Staples	1116.00%
Materials	1033.00%
Communication Services	619.00%
Technology	399.00%
Unknown	256.00%
Consumer Discretionary	101.00%
Utilities	65.00%
Real Estate	42.00%