OEUR

O’Shares FTSE Europe Quality Dividend ETF

Why OEUR for Europe Large Cap Quality Dividends?

Performance. Portfolio of over 150 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.

March 27, 2019/by O'Shares ETFs

Research Paper: Europe Dividend Strategy Series

June 18, 2019/by O'Shares ETFs

Quality Europe Stocks, Strong Performers

May 8, 2019/by O'Shares ETFs

Video: Investing in Europe

MARKET DATA AS OF	07/15/2019
NAV Price	$24.05
NAV Price Change	$0.06
Premium/Discount	$0.01
Market Price	$24.06
Market Price Change	$0.12
Shares Outstanding	1,050,000
Volume	724
Total Net Assets	$25,257,015

Profile
Symbol	OEUR
Listing Exchange	NYSE/ARCA
Inception Date	8/19/2015
CUSIP	67110P 506
Target Index Provider	FTSE Russell
Target Index Symbol	FEFQVY5N
IOPV Ticker	OEUR.IV
Expense Ratio	0.48%
30-Day SEC Yield¹ (as of 6/30/2019)	3.89%

Fund Investment Objective

The Fund seeks to track the performance (before fees and expenses) of its target index, the FTSE Developed Europe Qual/Vol/Yield 5% Capped Factor 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 FTSE Russell (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.

PERFORMANCE

Monthly Performance (as of 06/30/2019)	1 MTH	3 MTH	6 MTH	1 YR	QTD	YTD	SI
NAV	6.07%	3.48%	14.00%	5.16%	3.48%	14.00%	2.39%
Market Value	5.90%	3.31%	14.19%	5.25%	3.31%	14.19%	2.33%

Quarterly Performance (as of 06/30/2019)	1 MTH	3 MTH	6 MTH	1 YR	QTD	YTD	SI
NAV	6.07%	3.48%	14.00%	5.16%	3.48%	14.00%	2.39%
Market Value	5.90%	3.31%	14.19%	5.25%	3.31%	14.19%	2.33%

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

DOWNLOAD HOLDINGS

Name (as of 07/15/2019)	Country	Sector	Fund Weight
Nestle	SWIT	Consumer Goods	5.05%
Novartis (REGD)	SWIT	Health Care	4.79%
Roche Hldgs (GENUS)	SWIT	Health Care	4.62%
BP	UK	Energy	3.41%
GlaxoSmithKline	UK	Health Care	3.35%
Total	FRA	Energy	3.34%
Sanofi	FRA	Health Care	3.25%
Royal Dutch Shell A	UK	Energy	2.85%
Royal Dutch Shell B	UK	Energy	2.25%
BASF	GER	Basic Materials	2.08%
Rio Tinto	UK	Basic Materials	1.65%
Enel	ITA	Utilities	1.64%
Vodafone Group	UK	Telecommunications	1.63%
CASHUSD	Curr	Currency	1.60%
Novo-Nordisk B	DEN	Health Care	1.52%
Unilever	UK	Consumer Goods	1.49%
L'Oreal	FRA	Consumer Goods	1.48%
Unilever NV CVA	NETH	Consumer Goods	1.43%
National Grid	UK	Utilities	1.35%
RELX	UK	Consumer Services	1.24%
Air Liquide	FRA	Basic Materials	1.23%
Anheuser-Busch InBev	BELG	Consumer Goods	1.21%
Sampo Oyi	FIN	Financials	1.13%
Vonovia SE	GER	Financials	1.11%
WFD Unibail-Rodamco	NETH	Financials	1.09%
Eni	ITA	Energy	1.07%
Schneider Electric	FRA	Industrials	1.06%
Compass Group	UK	Consumer Services	1.05%
Deutsche Telekom	GER	Telecommunications	0.95%
3i Group	UK	Financials	0.93%
Deutsche Post	GER	Industrials	0.92%
Bayer AG	GER	Health Care	0.88%
Telefonica	SP	Telecommunications	0.87%
Vinci	FRA	Industrials	0.87%
ABB	SWIT	Industrials	0.84%
Ahold Delhaize	NETH	Consumer Services	0.81%
Investor B Free	SWED	Financials	0.80%
Michelin B	FRA	Consumer Goods	0.77%
Inditex	SP	Consumer Services	0.76%
Gecina	FRA	Financials	0.76%
Kone B	FIN	Industrials	0.74%
Segro	UK	Financials	0.72%
Alcon AG	SWIT	Health Care	0.66%
Engie	FRA	Utilities	0.65%
Partners Group AG	SWIT	Financials	0.64%
BAE Systems	UK	Industrials	0.64%
Givaudan N	SWIT	Basic Materials	0.59%
H & M Hennes & Mauritz AB B	SWED	Consumer Services	0.58%
Atlas Copco A	SWED	Industrials	0.57%
SSE	UK	Utilities	0.55%
Telenor A/S	NOR	Telecommunications	0.50%
Aroundtown SA	GER	Financials	0.49%
Experian	UK	Industrials	0.48%
Orange	FRA	Telecommunications	0.46%
Admiral Group	UK	Financials	0.46%
Imperial Brands	UK	Consumer Goods	0.46%
Swisscom	SWIT	Telecommunications	0.45%
BT Group	UK	Telecommunications	0.45%
LEG Immobilien AG	GER	Financials	0.43%
Geberit N	SWIT	Industrials	0.41%
St Gobain (Cie De)	FRA	Industrials	0.40%
Telia Co AB	SWED	Telecommunications	0.40%
Deutsche Wohnen SE	GER	Financials	0.39%
Orkla A	NOR	Consumer Goods	0.39%
Klepierre	FRA	Financials	0.38%
SGS S.A.	SWIT	Industrials	0.38%
Smith & Nephew	UK	Health Care	0.38%
Royal DSM	NETH	Basic Materials	0.35%
Endesa	SP	Utilities	0.34%
Direct Line Insurance Group	UK	Financials	0.34%
Terna	ITA	Utilities	0.33%
Kuehne & Nagel International	SWIT	Industrials	0.33%
Coloplast B	DEN	Health Care	0.32%
Atlantia	ITA	Industrials	0.32%
Atlas Copco B	SWED	Industrials	0.31%
Mowi ASA	NOR	Consumer Goods	0.29%
Equinor ASA	NOR	Energy	0.29%
Aena SME SA	SP	Industrials	0.29%
Ferrovial	SP	Industrials	0.29%
Industrivarden AB Ser A	SWED	Financials	0.29%
Continental	GER	Consumer Goods	0.28%
RED ELECTRICA CORP SA	SP	Utilities	0.27%
Sandvik AB	SWED	Industrials	0.26%
Industrivarden AB C Free	SWED	Financials	0.24%
Veolia Environnement	FRA	Utilities	0.24%
Informa	UK	Consumer Services	0.24%
UPM-Kymmene	FIN	Basic Materials	0.23%
Investor A	SWED	Financials	0.23%
WPP	UK	Consumer Services	0.23%
British Land Co	UK	Financials	0.22%
Elisa	FIN	Telecommunications	0.21%
EDP	PTL	Utilities	0.21%
Centrica	UK	Utilities	0.21%
Roche Hldgs (BR)	SWIT	Health Care	0.20%
United Utilities Group	UK	Utilities	0.20%
Publicis Groupe	FRA	Consumer Services	0.19%
Snam	ITA	Energy	0.19%
Fortum	FIN	Utilities	0.19%
Whitbread	UK	Consumer Services	0.19%
Carnival	UK	Consumer Services	0.19%
Kingfisher	UK	Consumer Services	0.19%
Orsted	DEN	Utilities	0.18%
Naturgy Energy Group SA	SP	Utilities	0.18%
Tryg A/S	DEN	Financials	0.18%
Adecco Group AG	SWIT	Industrials	0.18%
Smiths Group	UK	Industrials	0.18%
Mondi	UK	Basic Materials	0.17%
Proximus	BELG	Telecommunications	0.16%
PKN (Polski Koncern Naftowy)	POL	Energy	0.16%
Covivio	FRA	Financials	0.16%
Skanska B	SWED	Industrials	0.16%
Kinnevik AB	SWED	Financials	0.16%
Sodexo	FRA	Consumer Services	0.16%
Royal KPN	NETH	Telecommunications	0.16%
Persimmon	UK	Consumer Goods	0.16%
Abertis Infraestructuras SA	SP	Industrials	0.16%
HeidelbergCement AG	GER	Industrials	0.15%
Merlin Properties Socimi SA	SP	Financials	0.15%
Swiss Prime Site	SWIT	Financials	0.15%
Next	UK	Consumer Services	0.15%
Johnson Matthey	UK	Basic Materials	0.15%
Associated British Foods	UK	Consumer Goods	0.15%
Schindler Holding (Cert)	SWIT	Industrials	0.14%
Swedish Match	SWED	Consumer Goods	0.14%
Enagas	SP	Utilities	0.13%
PSP Swiss Property	SWIT	Financials	0.12%
Bouygues	FRA	Industrials	0.12%
Uniper SE	GER	Utilities	0.12%
Bureau Veritas S.A.	FRA	Industrials	0.11%
ISS	DEN	Industrials	0.11%
Gjensidige Forsikring ASA	NOR	Financials	0.11%
Galp Energia SGPS SA	PTL	Energy	0.11%
Royal Mail	UK	Industrials	0.11%
TUI AG	UK	Consumer Services	0.11%
Severn Trent	UK	Utilities	0.11%
BIC	FRA	Consumer Goods	0.10%
Ems Chemie I	SWIT	Basic Materials	0.10%
Tate & Lyle	UK	Consumer Goods	0.10%
ITV	UK	Consumer Services	0.10%
Sofina	BELG	Financials	0.09%
Jeronimo Martins	PTL	Consumer Services	0.09%
Solvay A	BELG	Basic Materials	0.09%
Puma	GER	Consumer Goods	0.09%
Rubis	FRA	Utilities	0.09%
SKF B	SWED	Industrials	0.09%
Hammerson	UK	Financials	0.09%
Inchcape	UK	Consumer Services	0.09%
Ashmore Group	UK	Financials	0.09%
GEA Group AG	GER	Industrials	0.08%
RTL Group	GER	Consumer Services	0.08%
Italgas	ITA	Utilities	0.08%
Schindler Holding (Reg)	SWIT	Industrials	0.08%
Wartsila B	FIN	Industrials	0.08%
Tele2 AB	SWED	Telecommunications	0.08%
Colruyt	BELG	Consumer Services	0.08%
Kesko B	FIN	Consumer Services	0.08%
Marks & Spencer Group	UK	Consumer Services	0.08%
ProSiebenSat.1 Media SE	GER	Consumer Services	0.07%
Electrolux Ser B	SWED	Consumer Goods	0.07%
Securitas AB B	SWED	Industrials	0.07%
Nokian Tyres	FIN	Consumer Goods	0.07%
Innogy SE	GER	Utilities	0.07%
Fielmann	GER	Consumer Services	0.07%
Randstad NV	NETH	Industrials	0.07%
A2A	ITA	Utilities	0.07%
IMI	UK	Industrials	0.07%
Travis Perkins	UK	Industrials	0.07%
Pennon Group	UK	Utilities	0.07%
GVC Holdings	UK	Consumer Services	0.07%
Orion B	FIN	Health Care	0.06%
Hugo Boss AG	GER	Consumer Goods	0.06%
Latour Investment B	SWED	Financials	0.06%
ICA Gruppen AB	SWED	Consumer Services	0.06%
Telefonica Deutschland Holdings	GER	Telecommunications	0.06%
Hochtief	GER	Industrials	0.05%
Signify NV	NETH	Industrials	0.05%
Zardoya Otis	SP	Industrials	0.05%
Huhtamaki	FIN	Industrials	0.05%
Polskie Gornictwo Naftowe I Gazownic	POL	Energy	0.04%
Trelleborg Ab Ser B	SWED	Industrials	0.04%
Axel Springer SE	GER	Consumer Services	0.03%
Alba (Corp. Fin)	SP	Financials	0.03%
OC Oerlikon Corp AG	SWIT	Industrials	0.03%
Fuchs Petrolub Pref SE	GER	Basic Materials	0.03%
Babcock International Group	UK	Industrials	0.03%
DKSH Holding	SWIT	Industrials	0.02%
Fuchs Petrolub SE	GER	Basic Materials	0.02%
Telekom Austria	OEST	Telecommunications	0.02%

Holdings subject to change.

SECTORS

Sector Allocation (as of 06/30/2019)	Weight
Health Care	20.43%
Consumer Goods	13.63%
Energy	13.62%
Financials	11.84%
Industrials	11.66%
Utilities	7.18%
Consumer Services	6.89%
Basic Materials	6.85%
Telecommunications	6.36%
Currency	1.54%

COUNTRIES

COUNTRY ALLOCATION (AS OF 06/30/2019)	WEIGHT
United Kingdom	29.26%
Switzerland	20.14%
France	15.91%
Germany	8.58%
Sweden	4.61%
Netherlands	3.93%
Italy	3.56%
Spain	3.54%
Finland	2.85%
Denmark	2.35%
Belgium	1.61%
Currency	1.54%
Norway	1.53%
Portugal	0.40%
Poland	0.18%
Austria	0.02%

DISTRIBUTIONS

Ex-Dividend	Record	Payable	Distribution Per Share
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% to 0.5%	> 0.5%
2019	124	9	75	36	4
6/30/2019	63	2	43	16	2
3/31/2019	61	7	32	20	2
2018	251	68	117	49	17
12/31/2018	63	22	30	7	4
9/30/2018	63	27	32	3	1
6/30/2018	64	13	40	10	1
3/31/2018	61	6	15	29	11
2017	252	25	51	129	47
12/31/2017	63	2	12	35	14
9/30/2017	63	0	11	41	11
6/30/2017	63	22	11	19	11
3/31/2017	63	1	17	34	11
2016	252	4	31	88	129
12/31/2016	63	1	17	34	11
9/30/2016	64	1	1	21	41
6/30/2016	64	2	7	25	30
3/31/2016	61	0	6	8	47
2015	95	4	8	21	62
12/31/2015	64	2	6	14	42
9/30/2015	31	2	2	7	20

The above frequency distribution chart presents 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 horizontal axis of the chart shows the premium or discount expressed in basis points. The vertical axis indicates the number of trading days in the period covered by the chart. Each bar in the chart shows the number of trading days in which the Fund traded within the premium/discount range indicated.

INVESTOR RESOURCE

Investor Materials
Fact Sheet
Prospectus
Summary Prospectus
SAI
Semi-Annual Report
Annual Report

OEUR RESEARCH | NEWS

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.

IOPV = Indicative Optimized Portfolio Value (IOPV) is an estimated fair value based on most recent intraday price of underlying assets.

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.

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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 visit www.oshares.com to view or download a prospectus online. 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. The Funds’ 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 Funds’ 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, the Funds’ 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 Funds’ 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 the 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. Brokerage commissions will reduce returns. 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.