OEUR

O’Shares Europe Quality Dividend ETF

Why Invest in OEUR

  • Strong 5-Year Dividend Growth: 5.9%
  • Less risk than generic Europe?

Global leaders in Europe with strong profitability, balance sheets and dividend growth.

Dividend Growth: Portfolio weighted average growth rate over five years in net dividend per share. Data as of 6/30/2021.

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 Yield11.76%
(as of 8/31/2021)
Market Data as of09/23/2021
NAV Price$28.98
NAV Price Change$0.24
Market Price$28.99
Market Price Change$0.32
30 Day Median Bid/Ask Spread20.17% (as of 09/24/2021)
Premium/Discount30.28% (as of 09/24/2021)
Shares Outstanding1,400,000.000
Volume3,007
Total Net Assets$40,565,541.05
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 8/31/2021)
 QTDYTD1 YR3 YR5 YRSI
NAV5.71%20.42%26.46%10.15%8.29%5.99%
Market Value5.29%21.13%26.59%10.43%8.17%6.01%
QUARTERLY PERFORMANCE (AS OF 6/30/2021)
 QTDYTD1 YR3 YR5 YRSI
NAV10.74%13.92%29.72%8.86%7.20%5.17%
Market Value11.30%15.05%29.67%9.16%7.12%5.26%

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 09/23/2021)
TickerSectorFund WeightQuantityCUSIP/ISIN
ROCHE HOLDING AGROGHealth Care4.95%5392CH0012032048
NESTLE SANESNConsumer Staples4.94%16005CH0038863350
NOVO NORDISK A/SNOVOBHealth Care3.95%15612DK0060534915
LVMH MOET HENNESSY LOUIS VUITTON SEMCConsumer Discretionary3.68%1937FR0000121014
SAP SESAPInformation Technology3.33%9322DE0007164600
UNILEVER PLCULVRConsumer Staples3.19%23494GB00B10RZP78
ASML HOLDING NVASMLInformation Technology3.00%1371NL0010273215
L'OREAL SAORConsumer Staples2.89%2569FR0000120321
NOVARTIS AGNOVNHealth Care2.56%12327CH0012005267
DEUTSCHE POST AGDPWIndustrials2.55%15172DE0005552004
ASTRAZENECA PLCAZNHealth Care2.41%8190GB0009895292
WOLTERS KLUWER NVWKLIndustrials2.25%8029NL0000395903
KONE OYJKNEBVIndustrials2.22%11986FI0009013403
SIEMENS AGSIEIndustrials2.13%4878DE0007236101
SANOFISANHealth Care1.94%8064FR0000120578
DIAGEO PLCDGEConsumer Staples1.90%15916GB0002374006
SCHNEIDER ELECTRIC SESUIndustrials1.87%4245FR0000121972
GLAXOSMITHKLINE PLCGSKHealth Care1.84%38352GB0009252882
MERCK KGAAMRKHealth Care1.83%3171DE0006599905
ESSILORLUXOTTICA SAELConsumer Discretionary1.69%3358FR0000121667
INDUSTRIA DE DISENO TEXTIL SAITXConsumer Discretionary1.68%18053ES0148396007
RELX PLCRELIndustrials1.68%22275GB00B2B0DG97
ABB LTDABBNIndustrials1.65%18703CH0012221716
HERMES INTERNATIONALRMSConsumer Discretionary1.65%431FR0000052292
ATLAS COPCO ABATCOAIndustrials1.65%9950SE0011166610
PARTNERS GROUP HOLDING AGPGHNFinancials1.62%369CH0024608827
DANONE SABNConsumer Staples1.59%9138FR0000120644
KERING SAKERConsumer Discretionary1.56%821FR0000121485
IBERDROLA SAIBEUtilities1.55%57388ES0144580Y14
HEXAGON ABHEXABInformation Technology1.53%35866SE0015961909
SIEMENS HEALTHINEERS AGSHLHealth Care1.50%8644DE000SHL1006
LEGRAND SALRIndustrials1.49%5332FR0010307819
KUEHNE + NAGEL INTERNATIONAL AGKNINIndustrials1.49%1567CH0025238863
SGS SASGSNIndustrials1.46%189CH0002497458
ORSTED ASORSTEDUtilities1.46%4064DK0060094928
GEBERIT AGGEBNIndustrials1.45%732CH0030170408
3I GROUP PLCIIIFinancials1.45%32096GB00B1YW4409
CIE GENERALE DES ETABLISSEMENTS MICHELIN SCAMLConsumer Discretionary1.44%3709FR0000121261
SCHINDLER HOLDING AGSCHPIndustrials1.44%1980CH0024638196
ASSA ABLOY ABASSABIndustrials1.44%18993SE0007100581
ESSITY ABESSITYBConsumer Staples1.43%18553SE0009922164
COLOPLAST A/SCOLOBHealth Care1.43%3369DK0060448595
HENKEL AG & CO KGAAHENConsumer Staples1.42%6646DE0006048408
SWISSCOM AGSCMNCommunication Services1.41%988CH0008742519
CARLSBERG ASCARLBConsumer Staples1.41%3462DK0010181759
SWEDISH MATCH ABSWMAConsumer Staples1.41%61336SE0015812219
INVESTOR ABINVEBFinancials1.39%24566SE0015811963
ADMIRAL GROUP PLCADMFinancials1.38%11727GB00B02J6398
BUNZL PLCBNZLIndustrials1.37%15899GB00B0744B38
INDUSTRIVARDEN ABINDUCFinancials1.33%16894SE0000107203
CASH0.12%49076.46
SWEDISH KRONA0.00%1.15
EURO0.00%-500.92
BRITISH POUND-0.01%-3404.89
Holdings subject to change.

Sector Allocation

AS OF 8/31/2021
SectorWeight
Industrials24.63%
Consumer Staples22.63%
Health Care20.96%
Information Technology8.31%
Consumer Discretionary7.67%
Communication Services6.88%
Financials6.63%
Utilities2.18%
Cash0.12%

Country Allocation

AS OF 8/31/2021
CountryWeight
Switzerland22.6236%
United Kingdom19.556%
France13.4916%
Germany11.8164%
Netherlands8.4856%
Denmark7.0736%
Sweden6.1022%
Finland5.0129%
Spain3.6888%
United States2.0336%
Cash0.1159%

Distributions

Ex-DividendRecordPayableDistribution Per Share
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%
202112441708320
     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.

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