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
• Strategy discussion webcasts with Kevin O’Leary and guests

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 Yield11.51%
(as of 12/31/2021)
Market Data as of01/28/2022
NAV Price$26.45
NAV Price Change-$0.18
Market Price$26.65
Market Price Change$0.07
30 Day Median Bid/Ask Spread20.14% (as of 01/28/2022)
Premium/Discount30.74% (as of 01/28/2022)
Shares Outstanding1,900,000.000
Volume107,130
Total Net Assets$50,261,216.45
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 12/31/2021)
 QTDYTD1 YR3 YR5 YRSI
NAV8.21%21.37%21.37%14.21%9.85%5.80%
Market Value8.19%21.80%21.80%14.32%9.84%5.78%
QUARTERLY PERFORMANCE (AS OF 12/31/2021)
 QTDYTD1 YR3 YR5 YRSI
NAV8.21%21.37%21.37%14.21%9.85%5.80%
Market Value8.19%21.80%21.80%14.32%9.84%5.78%

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 1/28/2022)
TickerSectorFund WeightQuantityCUSIP/ISIN
ROCHE HOLDING AGROGHealth Care5.53%7265CH0012032048
NESTLE SANESNConsumer Staples5.45%21572CH0038863350
LVMH MOET HENNESSY LOUIS VUITTON SEMCConsumer Discretionary4.17%2617FR0000121014
NOVO NORDISK A/SNOVOBHealth Care4.02%21080DK0060534915
UNILEVER PLCULVRConsumer Staples3.21%31698GB00B10RZP78
SAP SESAPInformation Technology3.03%12581DE0007164600
L'OREAL SAORConsumer Staples2.84%3464FR0000120321
NOVARTIS AGNOVNHealth Care2.82%16615CH0012005267
ASTRAZENECA PLCAZNHealth Care2.59%11047GB0009895292
DEUTSCHE POST AGDPWIndustrials2.39%20448DE0005552004
ASML HOLDING NVASMLInformation Technology2.34%1855NL0010273215
GLAXOSMITHKLINE PLCGSKHealth Care2.30%51806GB0009252882
SANOFISANHealth Care2.28%10896FR0000120578
WOLTERS KLUWER NVWKLIndustrials2.14%10820NL0000395903
DIAGEO PLCDGEConsumer Staples2.12%21504GB0002374006
SIEMENS AGSIEIndustrials2.03%6602DE0007236101
KONE OYJKNEBVIndustrials2.01%16192FI0009013403
SCHNEIDER ELECTRIC SESUIndustrials1.88%5735FR0000121972
MERCK KGAAMRKHealth Care1.82%4286DE0006599905
RELX PLCRELIndustrials1.80%30085GB00B2B0DG97
IBERDROLA SAIBEUtilities1.74%77481ES0144580Y14
ABB LTDABBNIndustrials1.68%25191CH0012221716
HERMES INTERNATIONALRMSConsumer Discretionary1.67%581FR0000052292
ESSILORLUXOTTICA SAELConsumer Discretionary1.67%4532FR0000121667
CIE GENERALE DES ETABLISSEMENTS MICHELIN SCAMLConsumer Discretionary1.64%5009FR0000121261
BUNZL PLCBNZLIndustrials1.60%21465GB00B0744B38
KERING SAKERConsumer Discretionary1.60%1108FR0000121485
3I GROUP PLCIIIFinancials1.54%43323GB00B1YW4409
DANONE SABNConsumer Staples1.52%12337FR0000120644
SWISSCOM AGSCMNCommunication Services1.52%1331CH0008742519
SIEMENS HEALTHINEERS AGSHLHealth Care1.51%11669DE000SHL1006
ATLAS COPCO ABATCOAIndustrials1.50%13442SE0011166610
CARLSBERG ASCARLBConsumer Staples1.47%4672DK0010181759
INDUSTRIA DE DISENO TEXTIL SAITXConsumer Discretionary1.46%24365ES0148396007
SGS SASGSNIndustrials1.44%257CH0002497458
LEGRAND SALRIndustrials1.41%7193FR0010307819
ESSITY ABESSITYBConsumer Staples1.40%25055SE0009922164
INVESTOR ABINVEBFinancials1.39%33223SE0015811963
INDUSTRIVARDEN ABINDUCFinancials1.37%22924SE0000107203
ADMIRAL GROUP PLCADMFinancials1.35%15917GB00B02J6398
HENKEL AG & CO KGAAHENConsumer Staples1.35%8978DE0006048408
ASSA ABLOY ABASSABIndustrials1.34%25773SE0007100581
PARTNERS GROUP HOLDING AGPGHNFinancials1.31%496CH0024608827
GEBERIT AGGEBNIndustrials1.30%985CH0030170408
SCHINDLER HOLDING AGSCHPIndustrials1.29%2662CH0024638196
COLOPLAST A/SCOLOBHealth Care1.28%4551DK0060448595
HEXAGON ABHEXABInformation Technology1.24%48676SE0015961909
SWEDISH MATCH ABSWMAConsumer Staples1.24%83246SE0015812219
KUEHNE + NAGEL INTERNATIONAL AGKNINIndustrials1.15%2115CH0025238863
ORSTED ASORSTEDUtilities1.11%5481DK0060094928
CASH0.14%70226.3
BRITISH POUND0.00%-1.93
SWEDISH KRONA0.00%1.15
Holdings subject to change.

Sector Allocation

AS OF 12/31/2021
SectorWeight
Industrials25.80%
Health Care23.54%
Consumer Staples20.23%
Consumer Discretionary11.92%
Information Technology7.26%
Financials7.00%
Utilities2.89%
Communication Services1.35%
Cash0.02%

Country Allocation

AS OF 12/31/2021
CountryWeight
Switzerland23.42%
France18.32%
United Kingdom15.52%
Germany12.38%
Sweden9.90%
Denmark8.36%
Netherlands4.94%
Spain3.05%
Finland2.08%
United States2.01%
Cash0.02%

Distributions

Ex-DividendRecordPayableDistribution Per Share
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%
2021252634017339
     12/31/2021642904310
     9/30/2021 64080479
     6/30/2021631704312
     3/31/2021613100408
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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