NORW ETF — Global X MSCI Norway ETF

Global X MSCI Norway ETF (NORW)

NORW is an ETF. its distribution rate is 2.32%, its trailing-12-month yield is 6.84%, its expense ratio is 0.50%. Dividend Vision Distribution Safety Score™ is 82/100 (Safe). Total return is 346.3% over the past 17.1 years, 603.7 points behind SPY at 950.0%.

Global X MSCI Norway ETF is a fund that invests at least 80% of its assets in Norwegian equities, including American Depositary Receipts and Global Depositary Receipts based on securities in its underlying index, designed to track the broad Norway equity universe. The fund carries a modest current distribution rate and a low expense ratio of 0.50%, with semi-annual distributions; note that its latest distribution was special and may not recur. This fund appeals to investors seeking exposure to Norwegian equity markets and regular income.

NORW performance versus SPY

Price and return data through 2026-09-21.

Total return is 346.3% over the past 17.1 years, 603.7 points behind SPY at 950.0%. Over the past year its total return — price change plus distributions reinvested — is 33.5%. Its deepest 1-year drawdown was 14.5%.

NORW key facts

Distribution Safety Score™

82 · Safe

Safety-Adjusted Yield

1.90%

Issuer

Global X

Asset type

ETF

Asset class

Equity

Inception date

11/09/2010

Expense ratio

0.50%

Distribution rate

2.32%

Distribution frequency

Semi-Annual

Trailing yield

6.84%

Last close

$37.05 (as of 2026-09-21)

NAV

$37.08

Premium / discount

0.08% discount

AUM

$95,517,864

Average volume

10000.0

Last dividend

$2.105

Last ex-dividend date

06/29/2026 (as of 2026-06-29)

Last payment date

07/07/2026 (as of 2026-07-07)

Beta

0.42

P/E ratio

13.2865

How Dividend Vision calculates yield and returns

Distribution rate (2.32%) is the latest regular payout annualized by the fund's stated frequency, divided by the last close. Issuers often publish this as “Distribution Rate” on the fact sheet. Trailing-12-month yield (6.84%) is the sum of distributions paid in the last 12 months, split-adjusted, divided by the last close. It lags a recent raise or cut. Total return uses split-adjusted close with distributions reinvested on the ex-dividend date (a modeling convention, not the cash-settlement date) from the first stored bar on or after inception through the latest bar, compared with the same window on the benchmark. That is the security's total return, not your personal gain/loss.

Distribution rate methodology · Distribution Safety Score methodology

Sources and review

Primary sources: Global X or company page; prices and distributions from Dividend Vision, derived from vendor EOD data.

Reviewed by Bert Sweet, CEO and Co-owner of Dividend Vision. Methodology: Distribution Safety Score.

NORW risks and drawbacks

NORW's current distribution rate is moderate, not a high-yield payout — the strategy is dividend quality more than maximum income. Payments are semi-annual, so cash flow is lumpy versus a monthly fund. Total return has trailed SPY over the available window. The deepest 1-year drawdown on record here is 14.5%.

Who may consider NORW — and who may not

NORW may suit someone looking for a high Distribution Safety Score, moderate current income with a quality tilt. It is a weaker fit for investors who need monthly cash flow (NORW pays semi-annual); investors hunting double-digit covered-call yields; investors whose main goal is matching SPY total return. This is educational context, not a recommendation to buy or sell.

Frequently asked questions

More securities from Global X.