Norwegian exposure was once hard to come by as far as ETFs are concerned. While it was not the first of its kind, ENOR was one of the earliest products to dedicate itself to Norway’s economy. While Norway may not have the largest economy in Europe, it certainly presents a number of lucrative opportunities for investors.
The fund holds about 50 securities but grants most of that exposure to the top ten, with that select group accounting for well over half of total assets. It should also be noted that ENOR has a heavy tilt towards energy, as Norway’s economy is well known for their strong production of fossil fuels. Digging deeper into the holdings, investors will find that the fund has a nice diversity as far as market cap spread is concerned, with companies of all sizes given equitable representation.
Despite its pitfalls, ENOR comes out with solid Norwegian exposure as it has a deeper, more diversified set of holdings than the competing NORW. ENOR does charge 3 basis points more than the aforementioned ETF, but the cost may be worth the more detailed exposure.
This section compares how balanced and deep this ETF is relative to its peers.
| ENOR | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Number of Holdings | 72 | 206 | 71 |
| % of Assets in Top 10 | 59.21% | 45.85% | 59.59% |
| % of Assets in Top 15 | 70.66% | 55.17% | 71.11% |
| % of Assets in Top 50 | 97.47% | 81.40% | 97.61% |
| ENOR | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Large (>12.9B) | 43.36% | 71.99% | 43.29% |
| Mid (>2.7B) | 39.63% | 21.41% | 39.53% |
| Small (>600M) | 16.46% | 6.22% | 16.64% |
| Micro (<600M) | 0.55% | 0.38% | 0.55% |
This section compares the P/E ratio of this ETF to its peers.
This section compares the dividend yield of this ETF to its peers.
| ENOR | ETF Database Category Average | FactSet Segment Average | |
|---|---|---|---|
| Dividend | $ 0.41 | $ 0.42 | $ 0.30 |
| Dividend Date | 2021-06-10 | N/A | N/A |
| Annual Dividend Rate | $ 0.72 | $ 0.90 | $ 0.53 |
| Annual Dividend Yield | 2.28% | 2.25% | 2.21% |
View charts featuring ETF fund flow data.
5 Day Net Flows: 0 1 Month Net Flows: 0 3 Month Net Flows: 1.4 M 6 Month Net Flows: 1.4 M 1 Year Net Flows: 14.79 M 3 Year Net Flows: 7.93 M 5 Year Net Flows: 6.35 M 10 Year Net Flows: 43.27 MView charts that break down the influence that fund flows and price had on overall assets.
The adjacent table gives investors an individual Realtime Rating for ENOR on several different metrics, including liquidity, expenses, performance, volatility, dividend, concentration of holdings in addition to an overall rating. The "A+ Metric Rated ETF" field, available to ETF Database Pro members, shows the ETF in the Europe Equities with the highest Metric Realtime Rating for each individual field. To view all of this data, sign up for a free 14-day trial for ETF Database Pro. To view information on how the ETF Database Realtime Ratings work, click here.
This section compares the cost efficiency of this ETF to its peers.
| Max ST Capital Gains Rate | 39.60% |
| Max LT Capital Gains Rate | 20.00% |
| Tax On Distributions | Qualified dividends |
| Distributes K1 | No |
This section shows how this ETF has performed relative to its peers.
| ENOR |
ETF Database
Category Average |
Factset Segment
Average |
|
|---|---|---|---|
| 1 Month Return | 10.43% | 1.27% | 10.59% |
| 3 Month Return | 13.82% | 3.11% | 14.11% |
| YTD Return | 28.54% | 16.68% | 28.77% |
| 1 Year Return | 55.41% | 32.25% | 55.48% |
| 3 Year Return | 23.64% | 41.35% | 24.03% |
| 5 Year Return | 68.36% | 56.37% | 68.86% |
The following charts reflect the geographic spread of ENOR's underlying holdings.
| Region | Percentage |
|---|---|
| Europe | 99.27% |
| Other | 0.7% |
| Country | Percentage |
|---|---|
| Norway | 93.69% |
| Faroe Islands | 2.26% |
| Bermuda | 1.83% |
| United Kingdom | 1.06% |
| Other | 0.7% |
| Singapore | 0.35% |
| Netherlands | 0.08% |
The following charts reflect the allocation of ENOR's underlying holdings.
| Sector | Percentage |
|---|---|
| Finance | 24.54% |
| Energy Minerals | 14.23% |
| Process Industries | 13.2% |
| Consumer Non-Durables | 9.4% |
| Non-Energy Minerals | 5.9% |
| Communications | 5.81% |
| Producer Manufacturing | 4.78% |
| Consumer Services | 4.42% |
| Electronic Technology | 4.12% |
| Industrial Services | 3.18% |
| Technology Services | 2.5% |
| Commercial Services | 2.21% |
| Transportation | 2.16% |
| Utilities | 1.42% |
| Retail Trade | 0.76% |
| CASH | 0.66% |
| Health Technology | 0.31% |
| Distribution Services | 0.19% |
| Consumer Durables | 0.14% |
| Other | 0.04% |
| Market Cap | Percentage |
|---|---|
| Large | 43.36% |
| Mid | 39.63% |
| Small | 16.46% |
| Micro | 0.55% |
| Region | Percentage |
|---|
| Asset | Percentage |
|---|---|
| Share/Common/Ordinary | 99.27% |
| CASH | 0.66% |
| Other | 0.04% |
| Sector | Percentage |
|---|---|
| Finance | 24.54% |
| Energy Minerals | 14.23% |
| Process Industries | 13.2% |
| Consumer Non-Durables | 9.4% |
| Non-Energy Minerals | 5.9% |
| Communications | 5.81% |
| Producer Manufacturing | 4.78% |
| Consumer Services | 4.42% |
| Electronic Technology | 4.12% |
| Industrial Services | 3.18% |
| Technology Services | 2.5% |
| Commercial Services | 2.21% |
| Transportation | 2.16% |
| Utilities | 1.42% |
| Retail Trade | 0.76% |
| CASH | 0.66% |
| Health Technology | 0.31% |
| Distribution Services | 0.19% |
| Consumer Durables | 0.14% |
| Other | 0.04% |
This section shows how the volatility of this ETF compares to the peer group ETF Database Category.
ETF Database's Financial Advisor Reports are designed as an easy handout for clients to explain the key information on a fund. Includes new analyst insights and classification data.
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