OEUR

O’Shares Europe Quality Dividend ETF

50 global leaders in Europe

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• Latest research and data on income and growth investing
• Market commentary
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Dividend Growth

Companies in Europe with the strongest dividend growth rates have outperformed. A company’s ability to grow dividends is often an indicator of financial health.

Profitability

Top quartile companies by return on assets (ROA) have outperformed those in the bottom quartile historically.

Strong Balance Sheets

Companies in Europe with strong cash flows* and responsible use of debt (leverage) have historically outperformed across most sectors.

Dividend Coverage

Strong dividend coverage may increase the likelihood of dividend growth while potentially reducing the risk of dividend cuts or suspensions.

Less Risk?

Focus on volatility may potentially reduce severity of portfolio drawdowns during market stress events.

Quality Dividend Income

Focus on dividend yield from quality companies in Europe to potentially provide a source of stable or growing equity income.

Source: O’Shares ETFs, Research Report: Dividend Watch Equity Income Trends & Strategies and Bloomberg Finance L.P. Data as of 11/30/2021. *Free Cash Flow – FCF: A measure of financial performance calculated as operating cash flow minus capital expenditures.

OEUR

O’Shares Europe Quality Dividend ETF

50 global leaders in Europe

Dividend Growth

Companies in Europe with the strongest dividend growth rates have outperformed. A company’s ability to grow dividends is often an indicator of financial health.

Profitability

Top quartile companies by return on assets (ROA) have outperformed those in the bottom quartile historically.

Strong balance sheets

Companies in Europe with strong cash flows* and responsible use of debt (leverage) have historically outperformed across most sectors.

Dividend Coverage

Strong dividend coverage may increase the likelihood of dividend growth while potentially reducing the risk of dividend cuts or suspensions.

Less Risk?

Focus on volatility may potentially reduce severity of portfolio drawdowns during market stress events.

Quality Dividend Income

Focus on dividend yield from quality companies in Europe to potentially provide a source of stable or growing equity income.

Get access:
• Latest research and data on income and growth investing
• Market commentary
• Strategy discussion webcasts with Kevin O’Leary and guests

Source: O’Shares ETFs, Research Report: Dividend Watch Equity Income Trends & Strategies and Bloomberg Finance L.P. Data as of 11/30/2021. *Free Cash Flow – FCF: A measure of financial performance calculated as operating cash flow minus capital expenditures.

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 
SymbolOEUR
Listing ExchangeCboe
Inception Date8/19/2015
CUSIP67110P506
Target Index ProviderO'Shares
Target Index SymbolOEURX
Expense Ratio0.48%
30 Day SEC Yield11.86%
(as of 4/30/2022)
Market Data as of05/23/2022
NAV Price$24.04
NAV Price Change$0.49
Market Price$23.96
Market Price Change$0.43
30 Day Median Bid/Ask Spread20.17% (as of 05/23/2022)
Premium/Discount3-0.33% (as of 05/23/2022)
Shares Outstanding2,000,000.000
Volume14,452
Total Net Assets$48,079,219.18
1. The 30 day SEC yield is calculated with a standardized formula mandated by the SEC. The formula is based on maximum offering price per share and includes the effect of any fee waivers. Without waivers, yields would be reduced. A fund’s actual distribution rate will differ from the SEC yield and any income distributions from the fund may be higher or lower than the SEC yield. The 30 day SEC yield is as of the prior month end.
2. The median bid-ask spread is calculated by identifying the national best bid and national best offer (NBBO) for each fund as of the end of each 10 second interval during each trading day of the last 30 calendar days and dividing the difference between each such bid and offer by the midpoint of the NBBO. The median of those values is identified and that value is expressed as a percentage rounded to the nearest hundredth.
3. The premium discount information represents 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).

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 4/30/2022)
 QTDYTD1 YR3 YR5 YRSI
NAV-4.53%-15.15%-4.81%4.19%4.09%2.95%
Market Value-5.08%-16.36%-6.24%3.67%3.63%2.71%
QUARTERLY PERFORMANCE (AS OF 3/31/2021)
 QTDYTD1 YR3 YR5 YRSI
NAV-11.12%-11.12%4.87%6.32%5.74%3.71%
Market Value-11.89%-11.89%3.82%6.00%5.44%3.56%

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 5/23/2022)
TickerSectorFund WeightQuantityCUSIP/ISIN
NESTLE SANESNConsumer Staples5.66%22797CH0038863350
ROCHE HOLDING AGROGHealth Care5.40%7682CH0012032048
NOVO NORDISK A/SNOVOBHealth Care5.03%22291DK0060534915
LVMH MOET HENNESSY LOUIS VUITTON SEMCConsumer Discretionary3.47%2769FR0000121014
NOVARTIS AGNOVNHealth Care3.34%17558CH0012005267
ASTRAZENECA PLCAZNHealth Care3.26%11697GB0009895292
UNILEVER PLCULVRConsumer Staples3.12%33547GB00B10RZP78
SAP SESAPInformation Technology2.77%13331DE0007164600
SANOFISANHealth Care2.67%11526FR0000120578
GSK PLCGSKHealth Care2.57%54798GB0009252882
L'OREAL SAORConsumer Staples2.57%3672FR0000120321
WOLTERS KLUWER NVWKLIndustrials2.39%11436NL0000395903
ASML HOLDING NVASMLInformation Technology2.27%1953NL0010273215
DIAGEO PLCDGEConsumer Staples2.18%22740GB0002374006
IBERDROLA SAIBEUtilities2.04%82058ES0144580Y14
RELX PLCRELIndustrials1.93%31852GB00B2B0DG97
SWEDISH MATCH ABSWMAConsumer Staples1.90%87628SE0015812219
DEUTSCHE POST AGDPWIndustrials1.84%21614DE0005552004
SIEMENS AGSIEIndustrials1.81%6950DE0007236101
MERCK KGAAMRKHealth Care1.77%4512DE0006599905
KONE OYJKNEBVIndustrials1.75%17139FI0009013403
SCHNEIDER ELECTRIC SESUIndustrials1.73%6068FR0000121972
SWISSCOM AGSCMNCommunication Services1.73%1411CH0008742519
BUNZL PLCBNZLIndustrials1.70%22736GB00B0744B38
ABB LTDABBNIndustrials1.68%26677CH0012221716
DANONE SABNConsumer Staples1.60%12987FR0000120644
ESSILORLUXOTTICA SAELConsumer Discretionary1.60%4801FR0000121667
3I GROUP PLCIIIFinancials1.52%45897GB00B1YW4409
SIEMENS HEALTHINEERS AGSHLHealth Care1.50%12283DE000SHL1006
ESSITY ABESSITYBConsumer Staples1.45%26373SE0009922164
HERMES INTERNATIONALRMSConsumer Discretionary1.43%618FR0000052292
SGS SASGSNIndustrials1.40%268CH0002497458
CIE GENERALE DES ETABLISSEMENTS MICHELIN SCAMLConsumer Discretionary1.39%5273FR0000121261
LEGRAND SALRIndustrials1.36%7622FR0010307819
ASSA ABLOY ABASSABIndustrials1.35%27129SE0007100581
ORSTED ASORSTEDUtilities1.35%5812DK0060094928
INVESTOR ABINVEBFinancials1.32%34971SE0015811963
INDUSTRIVARDEN ABINDUCFinancials1.30%24130SE0000107203
HENKEL AG & CO KGAAHENConsumer Staples1.30%9450DE0006048408
HEXAGON ABHEXABInformation Technology1.29%51238SE0015961909
ATLAS COPCO ABATCOAIndustrials1.28%56600SE0017486889
CARLSBERG ASCARLBConsumer Staples1.28%4918DK0010181759
KUEHNE + NAGEL INTERNATIONAL AGKNINIndustrials1.25%2227CH0025238863
COLOPLAST A/SCOLOBHealth Care1.19%4791DK0060448595
KERING SAKERConsumer Discretionary1.19%1175FR0000121485
INDUSTRIA DE DISENO TEXTIL SAITXConsumer Discretionary1.18%25647ES0148396007
GEBERIT AGGEBNIndustrials1.17%1037CH0030170408
SCHINDLER HOLDING AGSCHPIndustrials1.16%2802CH0024638196
PARTNERS GROUP HOLDING AGPGHNFinancials1.16%522CH0024608827
ADMIRAL GROUP PLCADMFinancials0.98%16755GB00B02J6398
CASH0.45%215480.9
ATLAS COPCO ABATCOILAIndustrials0.02%14150SE0017486863
EUROAPI SAEAPIPHealth Care0.00%0.13FR0014008VX5
DANISH KRONE0.00%-395.02
BRITISH POUND0.00%-1.98
EURO-0.01%-5964.12
SWEDISH KRONA-0.01%-32321.46
Holdings subject to change.

Sector Allocation

AS OF 4/30/2022
Sector Weight
Health Care26.59%
Industrials23.90%
Consumer Staples21.14%
Consumer Discretionary10.65%
Information Technology6.42%
Financials6.34%
Utilities3.30%
Communication Services1.70%

Country Allocation

AS OF 4/30/2022
Country Weight
Switzerland24.51%
France17.77%
United Kingdom14.93%
Germany10.75%
Sweden9.43%
Denmark8.90%
Netherlands4.69%
United States4.32%
Spain3.06%
Finland1.66%

Distributions

Ex-DividendRecordPayableDistribution Per Share
04/28/202204/29/202205/03/20220.065859
03/29/202203/30/202204/01/20220.062112
02/24/202202/25/202203/01/20220.002207
01/27/202201/28/202202/01/20220
12/29/202112/30/202101/03/20220.013425
11/29/202111/30/202112/02/20210.050666
10/28/202110/29/202111/02/20210.057223
09/29/202109/30/202110/04/20210.079549
08/30/202108/31/202109/02/20210.078891
07/29/202107/30/202108/03/20210.079225
06/29/202106/30/202107/02/20210.060586
05/27/202105/28/202106/02/20210.073223
04/29/202104/30/202105/04/20210.059130
03/29/202103/30/202104/01/20210.020208
02/25/202102/26/202103/02/20210.010010
01/28/202101/29/202102/02/20210.010007
12/29/202012/30/202001/04/20210.394546
11/27/202011/30/202012/02/20200.021858
10/29/202010/30/202011/03/20200.039176
09/29/202009/30/202010/02/20200.026266
08/28/202008/31/202009/02/20200.027388
07/30/202007/31/202008/04/20200.060126
06/29/202006/30/202007/02/20200.087198
05/28/202005/29/202006/02/20200.087637
04/29/202004/30/202005/04/20200.063249
03/27/202003/30/202004/01/20200.068562
02/25/202002/26/202002/28/20200.020023
01/29/202001/31/202002/04/20200.010016
12/27/201912/30/201901/03/20200.075846
11/27/201911/29/201912/03/20190.043407
10/30/201910/31/201911/04/20190.026271
9/27/20199/30/201910/02/20190.061076
8/28/20198/30/20199/4/20190.077041
7/30/20197/31/20198/2/20190.069644
6/27/20196/28/20197/2/20190.157961
5/30/20195/31/20196/4/20190.202602
4/26/20194/30/20195/2/20190.107351
3/28/20193/29/20194/2/20190.071441
2/27/20192/28/20193/4/20190.023321
1/30/20191/31/20192/4/20190.02221
12/27/201812/28/20181/3/20190.031869
11/29/201811/30/201812/4/20180.053308
10/30/201810/31/201811/2/20180.040566
9/27/20189/28/201810/2/20180.041525
8/29/20188/31/20189/5/20180.0630
7/30/20187/31/20188/2/20180.042
6/26/20186/27/20186/29/20180.153
5/30/20185/31/20186/4/20180.155
4/27/20184/30/20185/2/20180.096
3/27/20183/29/20184/3/20180.040
2/27/20182/28/20183/2/20180.020
1/30/20181/31/20182/2/20180.020
12/22/201712/26/201712/29/20170.185
11/15/201711/16/201711/21/20170.069
10/16/201710/17/201710/20/20170.070
9/15/20179/18/20179/21/20170.061
8/15/20178/17/20178/21/20170.008
7/17/20177/19/20177/21/20170.017
5/15/20176/19/20176/21/20170.082
5/12/20175/17/20175/19/20170.125
4/17/20174/19/20174/21/20170.101
3/15/20173/17/20173/21/20170.033
2/15/20172/17/20172/22/20170.004
1/17/20171/19/20171/23/20170.014
12/22/201612/28/201612/30/20160.018
11/15/201611/17/201611/21/20160.031
10/17/201610/19/201610/21/20160.029
9/15/20169/19/20169/21/20160.051
8/15/20168/17/20168/19/20160.039
7/15/20167/19/20167/21/20160.047
6/15/20166/17/20166/21/20160.133
5/16/20165/18/20165/20/20160.141
4/15/20164/19/20164/21/20160.051
3/15/20163/17/20163/21/20160.039
2/16/20162/18/20162/22/20160.041
1/15/20161/20/20161/22/20160.000
12/24/201512/29/201512/31/20150.106
11/16/201511/18/201511/20/20150.019
10/15/201510/19/201510/21/20150.013
9/15/20159/17/20159/21/20150.007

Premium Discount

DateDays< -0.5%-0.5% to 0%00% to 0.5%> 0.5%
2022
     3/31/2022 62171101321
2021252634017339
2020253589507525
2019252211661604
20182516811704917
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.

OEUR Research & News

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