OEUR

O’Shares Europe Quality Dividend ETF

Why OEUR for Europe Large Cap Investing?

September 15, 2020

Europe Quality Stocks, Stronger Performers

September 1, 2020

Europe Stocks with Higher Dividend Growth Have Outperformed

Why OEUR for Europe Large Cap Quality Dividends?

Performance. Portfolio of approximately 50 High Quality European companies that are paying dividends
Diversified Portfolio. Efficient, cost effective approach to get exposure to top European companies.
Seeks Less Volatility. Aims to provide better managed approach to investing in Europe.

Fund Investment Objective

The Fund seeks to track the performance (before fees and expenses) of its target index, the O’Shares Europe Quality Dividend Index (the “Target Index”).

The Target Index is designed to measure the performance of publicly-listed large-capitalization and mid-capitalization dividend-paying issuers in Europe that meet certain market capitalization, liquidity, high quality, low volatility and dividend yield thresholds, as determined by O’Shares Investment Advisers, LLC (the “Index Provider”). The high quality and low volatility requirements are designed to reduce exposure to high dividend equities that have experienced large price declines.

Fund & Market Data

Profile
Symbol	OEUR
Listing Exchange	Cboe
Inception Date	8/19/2015
CUSIP	67110P506
Target Index Provider	O'Shares
Target Index Symbol	OEURX
Expense Ratio	0.48%
30 Day SEC Yield	1.57% (as of 3/31/2021)

Market Data as of	05/05/2021
NAV Price	$26.91
NAV Price Change	$0.38
Market Price	$26.94
Market Price Change	$0.35
30 Day Median Bid/Ask Spread	0.22% (as of 05/04/2021)
Premium/Discount	0.22% (as of 05/04/2021)
Shares Outstanding	850,000.000
Volume	576
Total Net Assets	$22,871,622.33

Please note that effective June 1, 2020 the target index for OEUR was changed from FTSE Developed Europe Qual/Vol/Yield 5% Capped Factor Index to O’Shares Europe Quality Dividend Index. The new index provides greater emphasis on our principles of Quality. Information beginning June 1, 2020, including yield and holdings data, reflect the index change.

There are risks involved with investing, including possible loss of principal. Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect that industry or sector. The Fund may use derivatives which may involve risks different from, or greater than, those associated with more traditional investments. The Fund’s emphasis on dividend-paying stocks involves the risk that such stocks may fall out of favor with investors and underperform the market. Also, a company may reduce or eliminate its dividend after the Fund’s purchase of such a company’s securities. See the prospectus for specific risks regarding the Fund.

Performance

MONTHLY PERFORMANCE (AS OF 3/31/2021)

	QTD	YTD	1 YR	3 YR	5 YR	SI
NAV	2.87%	2.87%	29.90%	4.88%	5.44%	3.51%
Market Value	3.37%	3.37%	32.57%	4.86%	5.26%	3.51%

QUARTERLY PERFORMANCE (AS OF 3/31/2020)

	QTD	YTD	1 YR	3 YR	5 YR	SI
NAV	2.87%	2.87%	29.90%	4.88%	5.44%	3.51%
Market Value	3.37%	3.37%	32.57%	4.86%	5.26%	3.51%

Performance data quoted represents past performance and is no guarantee of future results. Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than original cost. Returns beyond 1 year are annualized.

Shares of the Funds are not individually redeemable and the owners of Shares may purchase or redeem Shares from each Fund in Creation Units only. The purchase and sale price of individual Shares trading on an Exchange may be below, at or above the most recently calculated NAV for such Shares.

Market Price returns are generally based on market value at 4:00PM Eastern time (when NAV is normally determined), and do not represent the returns you would receive if you traded shares at other times. Fund returns assume that dividends and capital gains distributions have been reinvested in the Fund at NAV. Some performance results reflect expense subsidies and waivers in effect during certain periods. Absent these waivers, results would have been less favorable.

Holdings

Name (As of 05/05/2021)	Ticker	Sector	Fund Weight	Quantity	CUSIP/ISIN
Nestle SA	NESN SW	Consumer Staples	5.444%	8,312.00	CH0038863350
Roche Holding AG	ROG SW	Health Care	5.028%	2,784.00	CH0012032048
ASML Holding NV	ASML NA	Information Technology	4.511%	1,266.00	NL0010273215
Novo Nordisk A/S	NOVOB DC	Health Care	4.445%	10,895.00	DK0060534915
LVMH Moet Hennessy Louis Vuitt	MC FP	Consumer Discretionary	3.856%	924.00	FR0000121014
SAP SE	SAP GR	Information Technology	3.714%	4,874.00	DE0007164600
Investor AB	INVEB SS	Financials	3.663%	7,724.00	SE0000107419
Sanofi	SAN FP	Health Care	3.493%	6,251.00	FR0000120578
Iberdrola SA	IBE SM	Utilities	3.309%	44,056.00	ES0144580Y14
Novartis AG	NOVN SW	Health Care	3.031%	6,380.00	CH0012005267
Siemens AG	SIE GR	Industrials	2.720%	2,949.00	DE0007236101
L'Oreal SA	OR FP	Consumer Staples	2.587%	1,132.00	FR0000120321
Schneider Electric SE	SU FP	Industrials	2.527%	2,844.00	FR0000121972
Cie Financiere Richemont SA	CFR SW	Consumer Discretionary	2.523%	4,406.00	CH0210483332
Kone Oyj	KNEBV FH	Industrials	2.499%	5,686.00	FI0009013403
Partners Group Holding AG	PGHN SW	Financials	2.391%	299.00	CH0024608827
Atlas Copco AB	ATCOA SS	Industrials	2.345%	6,897.00	SE0011166610
Deutsche Post AG	DPW GR	Industrials	2.343%	6,994.00	DE0005552004
ABB Ltd	ABBN SW	Industrials	2.323%	12,592.00	CH0012221716
Merck KGaA	MRK GR	Health Care	2.281%	2,426.00	DE0006599905
Industria de Diseno Textil SA	ITX SM	Consumer Discretionary	2.250%	11,141.00	ES0148396007
Pernod Ricard SA	RI FP	Consumer Staples	2.065%	1,801.00	FR0000120693
Deutsche Telekom AG	DTE GR	Communication Services	2.037%	18,855.00	DE0005557508
Carlsberg AS	CARLB DC	Consumer Staples	2.022%	2,085.00	DK0010181759
Kesko Oyj	KESKOB FH	Consumer Staples	2.004%	11,793.00	FI0009000202
Vivendi SE	VIV FP	Communication Services	1.992%	10,209.00	FR0000127771
Geberit AG	GEBN SW	Industrials	1.924%	507.00	CH0030170408
Koninklijke KPN NV	KPN NA	Communication Services	1.922%	104,289.00	NL0000009082
Legrand SA	LR FP	Industrials	1.903%	3,487.00	FR0010307819
Danone SA	BN FP	Consumer Staples	1.858%	4,758.00	FR0000120644
SGS SA	SGSN SW	Industrials	1.775%	108.00	CH0002497458
Wolters Kluwer NV	WKL NA	Industrials	1.772%	3,436.00	NL0000395903
Schindler Holding AG	SCHP SW	Industrials	1.732%	1,107.00	CH0024638196
Coloplast A/S	COLOB DC	Health Care	1.693%	1,854.00	DK0060448595
Henkel AG & Co KGaA	HEN GR	Consumer Staples	1.638%	3,021.00	DE0006048408
Swedish Match AB	SWMA SS	Consumer Staples	1.621%	3,502.00	SE0000310336
Swisscom AG	SCMN SW	Communication Services	1.529%	509.00	CH0008742519
Koninklijke Ahold Delhaize NV	AD NA	Consumer Staples	1.521%	10,125.00	NL0011794037
Elisa Oyj	ELISA FH	Communication Services	1.444%	4,612.00	FI0009007884
USD CURNCY	USD CURNCY		0.091%	16,516.78
Unilever PLC	ULVR LN	Consumer Staples	0.038%	11,765.00	GB00B10RZP78
RELX PLC	REL LN	Industrials	0.031%	21,469.00	GB00B2B0DG97
Diageo PLC	DGE LN	Consumer Staples	0.026%	10,658.00	GB0002374006
AstraZeneca PLC	AZN LN	Health Care	0.025%	4,247.00	GB0009895292
British American Tobacco PLC	BATS LN	Consumer Staples	0.023%	10,828.00	GB0002875804
Compass Group PLC	CPG LN	Consumer Discretionary	0.021%	18,022.00	GB00BD6K4575
GlaxoSmithKline PLC	GSK LN	Health Care	0.021%	20,162.00	GB0009252882
Admiral Group PLC	ADM LN	Financials	0.019%	7,891.00	GB00B02J6398
Experian PLC	EXPN LN	Industrials	0.017%	8,209.00	GB00B19NLV48
BAE Systems PLC	BA/ LN	Industrials	0.017%	44,333.00	GB0002634946
Sage Group PLC/The	SGE LN	Information Technology	0.014%	29,631.00	GB00B8C3BL03
EUR CURNCY	EUR CURNCY		-0.030%	-4,615.99
CHF CURNCY	CHF CURNCY		-0.016%	-2,729.09
GBP CURNCY	GBP CURNCY		-0.016%	-2,122.14
SEK CURNCY	SEK CURNCY		-0.015%	-23,423.77

Holdings subject to change.

Sector Allocation

AS OF 3/31/2021

Sector	Weight
Industrials	24.44%
Consumer Staples	23.53%
Health Care	19.85%
Consumer Discretionary	8.19%
Communication Services	7.51%
Information Technology	7.48%
Financials	6.17%
Utilities	2.64%
Cash	0.19%

Country Allocation

AS OF 3/31/2021

Country	Weight
Switzerland	22.19%
United Kingdom	20.24%
France	15.91%
Germany	11.90%
Netherlands	7.87%
Denmark	6.20%
Sweden	6.06%
Finland	5.11%
Spain	4.33%
Cash	0.19%

Distributions

Ex-Dividend	Record	Payable	Distribution Per Share
03/29/2021	03/30/2021	04/01/2021	0.020208
02/25/2021	02/26/2021	03/02/2021	0.010010
01/28/2021	01/29/2021	02/02/2021	0.010007
12/29/2020	12/30/2020	01/04/2021	0.394546
11/27/2020	11/30/2020	12/02/2020	0.021858
10/29/2020	10/30/2020	11/03/2020	0.039176
09/29/2020	09/30/2020	10/02/2020	0.026266
08/28/2020	08/31/2020	09/02/2020	0.027388
07/30/2020	07/31/2020	08/04/2020	0.060126
06/29/2020	06/30/2020	07/02/2020	0.087198
05/28/2020	05/29/2020	06/02/2020	0.087637
04/29/2020	04/30/2020	05/04/2020	0.063249
03/27/2020	03/30/2020	04/01/2020	0.068562
02/25/2020	02/26/2020	02/28/2020	0.020023
01/29/2020	01/31/2020	02/04/2020	0.010016
12/27/2019	12/30/2019	01/03/2020	0.075846
11/27/2019	11/29/2019	12/03/2019	0.043407
10/30/2019	10/31/2019	11/04/2019	0.026271
9/27/2019	9/30/2019	10/02/2019	0.061076
8/28/2019	8/30/2019	9/4/2019	0.077041
7/30/2019	7/31/2019	8/2/2019	0.069644
6/27/2019	6/28/2019	7/2/2019	0.157961
5/30/2019	5/31/2019	6/4/2019	0.202602
4/26/2019	4/30/2019	5/2/2019	0.107351
3/28/2019	3/29/2019	4/2/2019	0.071441
2/27/2019	2/28/2019	3/4/2019	0.023321
1/30/2019	1/31/2019	2/4/2019	0.02221
12/27/2018	12/28/2018	1/3/2019	0.031869
11/29/2018	11/30/2018	12/4/2018	0.053308
10/30/2018	10/31/2018	11/2/2018	0.040566
9/27/2018	9/28/2018	10/2/2018	0.041525
8/29/2018	8/31/2018	9/5/2018	0.0630
7/30/2018	7/31/2018	8/2/2018	0.042
6/26/2018	6/27/2018	6/29/2018	0.153
5/30/2018	5/31/2018	6/4/2018	0.155
4/27/2018	4/30/2018	5/2/2018	0.096
3/27/2018	3/29/2018	4/3/2018	0.040
2/27/2018	2/28/2018	3/2/2018	0.020
1/30/2018	1/31/2018	2/2/2018	0.020
12/22/2017	12/26/2017	12/29/2017	0.185
11/15/2017	11/16/2017	11/21/2017	0.069
10/16/2017	10/17/2017	10/20/2017	0.070
9/15/2017	9/18/2017	9/21/2017	0.061
8/15/2017	8/17/2017	8/21/2017	0.008
7/17/2017	7/19/2017	7/21/2017	0.017
5/15/2017	6/19/2017	6/21/2017	0.082
5/12/2017	5/17/2017	5/19/2017	0.125
4/17/2017	4/19/2017	4/21/2017	0.101
3/15/2017	3/17/2017	3/21/2017	0.033
2/15/2017	2/17/2017	2/22/2017	0.004
1/17/2017	1/19/2017	1/23/2017	0.014
12/22/2016	12/28/2016	12/30/2016	0.018
11/15/2016	11/17/2016	11/21/2016	0.031
10/17/2016	10/19/2016	10/21/2016	0.029
9/15/2016	9/19/2016	9/21/2016	0.051
8/15/2016	8/17/2016	8/19/2016	0.039
7/15/2016	7/19/2016	7/21/2016	0.047
6/15/2016	6/17/2016	6/21/2016	0.133
5/16/2016	5/18/2016	5/20/2016	0.141
4/15/2016	4/19/2016	4/21/2016	0.051
3/15/2016	3/17/2016	3/21/2016	0.039
2/16/2016	2/18/2016	2/22/2016	0.041
1/15/2016	1/20/2016	1/22/2016	0.000
12/24/2015	12/29/2015	12/31/2015	0.106
11/16/2015	11/18/2015	11/20/2015	0.019
10/15/2015	10/19/2015	10/21/2015	0.013
9/15/2015	9/17/2015	9/21/2015	0.007

Premium Discount

Date	Days	< -0.5%	-0.5% to 0%	0	0% to 0.5%	> 0.5%
2021	61	3	10	0	40	8
3/31/2021	61	3	10	0	40	8
2020	253	58	95	0	75	25
3/31/2020	62	16	24	0	18	4
6/30/2020	63	23	18	0	14	8
9/30/2020	64	14	24	0	20	6
12/31/2020	64	5	29	0	23	7
2019	252	21	166	1	60	4
2018	251	68	117	0	49	17

The above line chart and table present information about the difference between the daily market price for shares of the Fund and the Fund’s reported Net Asset Value. The amount that the Fund’s market price is above the reported NAV is called the premium. The amount that the Fund’s market price is below the reported NAV is called the discount. The market price is determined using the midpoint between the highest bid and the lowest offer on the listing exchange, as of the time that the Fund’s NAV is calculated (usually 4:00 p.m. EST). The vertical axis of the line chart shows the premium or discount expressed as a percentage of NAV. The horizontal axis indicates the date at which the premium discount occurred. The table indicates the number of trading days in the respective period in which the Fund traded within the premium/discount percentage range as indicated.

Investor Resources

Investor Materials
Fact Sheet
Prospectus
Summary Prospectus
SAI
Semi-Annual Report
Annual Report
Fiscal Year Q1 Portfolio Holdings
Fiscal Year Q3 Portfolio Holdings
Information Statement March 2020

OEUR Research & News

O’Shares Strategy Series | Europe Large Caps

September 15, 2020

Europe Quality Stocks, Stronger Performers

September 1, 2020

Europe Stocks with Higher Dividend Growth Have Outperformed

August 10, 2020

Europe Sector Performance Heat Map

August 10, 2020

Europe Sector Volatility Heat Map

July 10, 2020

Sector Valuations: Europe vs. U.S.

OEUR News

September 30, 2020

O’Shares Investment Advisers, LLC To Transfer Exchange Listing for O’Shares ETFs

Sign up to get O’Shares Strategy Series

Before you invest in O’Shares ETF Investments Funds, please refer to the prospectus for important information about the investment objectives, risks, charges and expenses. To obtain a prospectus containing this and other important information, please view or download a prospectus. Read the prospectus carefully before you invest. There are risks involved with investing including the possible loss of principal.

Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect that industry or sector. The Funds may use derivatives which may involve risks different from, or greater than, those associated with more traditional investments. A Fund's emphasis on dividend-paying stocks involves the risk that such stocks may fall out of favor with investors and underperform the market. Also, a company may reduce or eliminate its dividend after the Fund's purchase of such a company's securities. Returns on investments in foreign securities could be more volatile than, or trail the returns on, investments in U.S. securities. Exposures to foreign securities entail special risks, including political, diplomatic, economic, foreign market and trading risks. In addition, a Fund's investments in securities denominated in other currencies could decline due to changes in local currency relative to the value of the U.S. dollar, which may affect the Fund's returns. See the prospectus for specific risks regarding the Funds.
The securities of small capitalization companies are often more volatile and less liquid than the stocks of larger companies and may be more affected than other types of securities during market downturns. Compared to larger companies, small capitalization companies may have a shorter history of operations, and may have limited product lines, markets or financial resources.
Companies involved with Internet technology and e-commerce are exposed to risks associated with rapid advances in technology, obsolescence of current products and services, the finite life of patents and the constant threat of global competition and substitutes.
Past performance does not guarantee future results. Shares are bought and sold at market price (not NAV), are not individually redeemable, and owners of Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, consisting of 50,000 Shares. Brokerage commissions will reduce returns. The market price of Shares can be at, below, or above NAV. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time (when NAV is normally determined), and do not represent the returns you would receive if you traded Shares at other times.

O’Shares ETF Investments Funds are distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with O’Shares ETF Investments or any of its affiliates.