---
ticker: "ENOR"
name: "iShares MSCI Norway ETF"
url: "https://etf.net/etf/ENOR"
grade: "D"
score: 34
graded_at: "2026-10-12"
category: "Developed Single Country"
category_rank: "34 of 38"
methodology: "https://etf.net/methodology"
---

# ENOR: iShares MSCI Norway ETF

Grade **D**, Score 34 of 100. Rank 34 of 38 in Developed Single Country.

Graded Oct 12, 2026.

## Grade pillars

| Pillar | Score | Category rank |
| --- | --- | --- |
| Cost | 30 | 26 of 38 |
| Mission | 13 | 35 of 35 |
| Risk | 52 | 14 of 37 |
| Tradability | 40 | 26 of 38 |
| Holdings | 60 | 13 of 36 |
| Durability | 58 | 17 of 38 |

## Top holdings

The fund holds 62 positions. These are the largest 30, by weight.

| # | Ticker | Name | Weight |
| --- | --- | --- | --- |
| 1 | EQNR.OL | Equinor | 12.79% |
| 2 | DNB.OL | Dnb Bank | 11.16% |
| 3 | KOG.OL | Kongsberg Gruppen | 5.75% |
| 4 | AKRBP.OL | Aker Bp | 5.20% |
| 5 | NHY.OL | Norsk Hydro | 4.72% |
| 6 | MOWI.OL | Mowi | 4.13% |
| 7 | FRO.OL | Frontline PLC | 3.66% |
| 8 | TEL.OL | Telenor | 3.57% |
| 9 | SUBC.OL | Subsea | 3.54% |
| 10 | STB.OL | Storebrand | 3.44% |
| 11 | ORK.OL | Orkla | 3.10% |
| 12 | YAR.OL | Yara International | 3.07% |
| 13 | GJF.OL | Gjensidige Forsikring | 2.36% |
| 14 | VAR.OL | Var Energi | 2.32% |
| 15 | SB1NO.OL | Sparebank Sr-Norge | 2.08% |
| 16 | SALM.OL | Salmar | 1.74% |
| 17 | NOD.OL | Nordic Semiconductor | 1.48% |
| 18 | VEND.OL | Vend Marketplaces Asa | 1.43% |
| 19 | AKER.OL | Aker | 1.41% |
| 20 | TGS.OL | Tgs Nopec Geophysical | 1.23% |
| 21 | KMAR.OL | Kongsberg Maritime | 1.21% |
| 22 | MING.OL | Sparebank Smns | 1.19% |
| 23 | BWLPG.OL | Bw Lpg Ltd | 1.12% |
| 24 | BAKKA.OL | Bakkafrost | 1.02% |
| 25 | KIT.OL | Kitron | 1.01% |
| 26 | PROT.OL | Protector Forsikring | 1.00% |
| 27 | TOM.OL | Tomra Systems | 0.93% |
| 28 | HAUTO.OL | Hoegh Autoliners | 0.90% |
| 29 | DOFG.OL | Dof Group | 0.82% |
| 30 | WAWI.OL | Wallenius Wilhelmsen | 0.82% |

Source: etf.net, https://etf.net/etf/ENOR. Please cite the page URL.