OUSA

O’Shares U.S. Quality Dividend ETF

Why Invest in OUSA

  • Strong 5-Year Dividend Growth: 10.5%
  • More return, less risk than generic Value?

Seeks companies with strong profitability, balance sheets and dividend growth which may reduce risk of dividend yield traps while providing a growing source of income.

Dividend Growth: Portfolio weighted average growth rate over five years in net dividend per share. Data as of 9/30/2021.
Due to favorable market conditions, the fund has experienced high performance and dividend growth that may not be sustainable over the long-term.

Why OUSA for Large Cap Quality Dividends?

  • Quality Advantages. Seek companies with strong balance sheets and profitability, for long-term investors.
  • Performance. High Quality Dividend paying companies provide a performance alternative to value investing.
  • Diversified Portfolio. Approximately 100 major companies selected according to measures of financial quality.

Fund Investment Objective

The Fund seeks to track the performance (before fees and expenses) of its target index, the O’Shares U.S. 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 the United States 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 
SymbolOUSA
Listing ExchangeCboe
Inception Date7/14/2015
CUSIP67110P407
Target Index ProviderO'Shares
Target Index SymbolOUSAX
Expense Ratio0.48%
30 Day SEC Yield11.61%
(as of 10/31/2021)
Market Data as of11/26/2021
NAV Price$44.19
NAV Price Change-$0.65
Market Price$44.26
Market Price Change-$0.59
30 Day Median Bid/Ask Spread20.04% (as of 11/26/2021)
Premium/Discount30.16% (as of 11/26/2021)
Shares Outstanding16,650,000.000
Volume50,093
Total Net Assets$735,781,413.00
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 OUSA was changed from FTSE USA Qual/Vol/Yield Factor 5% Capped Index to O’Shares U.S. 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 10/31/2021)
 QTDYTD1 YR3 YR5 YRSI
NAV5.60%16.30%29.70%14.32%13.23%11.98%
Market Value5.65%16.30%29.59%14.30%13.22%11.98%
QUARTERLY PERFORMANCE (AS OF 9/30/2021)
 QTDYTD1 YR3 YR5 YRSI
NAV-0.41%10.14%17.03%10.81%11.37%11.17%
Market Value-0.45%10.08%17.03%10.81%11.36%11.16%

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 11/26/2021)
TickerSectorFund WeightQuantityCUSIP/ISIN
HOME DEPOT INC/THEHDConsumer Discretionary5.97%108928US4370761029
MICROSOFT CORPMSFTInformation Technology5.45%121577US5949181045
JOHNSON & JOHNSONJNJHealth Care4.66%215023US4781601046
PROCTER & GAMBLE CO/THEPGConsumer Staples4.65%231760US7427181091
VERIZON COMMUNICATIONS INCVZCommunication Services4.21%597152US92343V1044
PFIZER INCPFEHealth Care3.80%517716US7170811035
APPLE INCAAPLInformation Technology3.43%160902US0378331005
MCDONALD'S CORPMCDConsumer Discretionary2.88%84797US5801351017
COMCAST CORPCMCSACommunication Services2.52%362222US20030N1019
LOCKHEED MARTIN CORPLMTIndustrials2.47%52962US5398301094
CISCO SYSTEMS INC/DELAWARECSCOInformation Technology2.20%295121US17275R1023
TEXAS INSTRUMENTS INCTXNInformation Technology2.18%85214US8825081040
UNITEDHEALTH GROUP INCUNHHealth Care2.17%36326US91324P1021
3M COMMMIndustrials2.07%86828US88579Y1010
ABBOTT LABORATORIESABTHealth Care2.04%119247US0028241000
ELI LILLY & COLLYHealth Care1.95%55145US5324571083
BLACKSTONE GROUP INC/THEBXFinancials1.88%96044US09260D1072
ILLINOIS TOOL WORKS INCITWIndustrials1.65%51795US4523081093
MERCK & CO INCMRKHealth Care1.63%151543US58933Y1055
ACCENTURE PLCACNInformation Technology1.57%32647IE00B4BNMY34
PEPSICO INCPEPConsumer Staples1.54%70459US7134481081
AMGEN INCAMGNHealth Care1.52%55530US0311621009
COCA-COLA CO/THEKOConsumer Staples1.52%208019US1912161007
S&P GLOBAL INCSPGIFinancials1.35%21894US78409V1044
UNITED PARCEL SERVICE INCUPSIndustrials1.32%47278US9113121068
T ROWE PRICE GROUP INCTROWFinancials1.31%47382US74144T1088
UNION PACIFIC CORPUNPIndustrials1.30%39754US9078181081
HONEYWELL INTERNATIONAL INCHONIndustrials1.28%45237US4385161066
STARBUCKS CORPSBUXConsumer Discretionary1.28%84950US8552441094
VISA INCVInformation Technology1.23%45595US92826C8394
PHILIP MORRIS INTERNATIONAL INCPMConsumer Staples1.15%94945US7181721090
COSTCO WHOLESALE CORPCOSTConsumer Staples1.12%15094US22160K1051
GILEAD SCIENCES INCGILDHealth Care1.02%106748US3755581036
ORACLE CORPORCLInformation Technology0.94%74952US68389X1054
LOWE'S COS INCLOWConsumer Discretionary0.91%27027US5486611073
COLGATE-PALMOLIVE COCLConsumer Staples0.90%85438US1941621039
NORTHROP GRUMMAN CORPNOCIndustrials0.89%18552US6668071029
NIKE INCNKEConsumer Discretionary0.84%36756US6541061031
ABBVIE INCABBVHealth Care0.74%46539US00287Y1091
TARGET CORPTGTConsumer Discretionary0.68%20224US87612E1064
WALMART INCWMTConsumer Staples0.65%33193US9311421039
MEDTRONIC PLCMDTHealth Care0.58%38494IE00BTN1Y115
MARSH & MCLENNAN COS INCMMCFinancials0.58%25427US5717481023
MONDELEZ INTERNATIONAL INCMDLZConsumer Staples0.57%69650US6092071058
ALLSTATE CORP/THEALLFinancials0.56%35893US0200021014
ALTRIA GROUP INCMOConsumer Staples0.56%94279US02209S1033
INTEL CORPINTCInformation Technology0.55%82833US4581401001
FASTENAL COFASTIndustrials0.52%63919US3119001044
CINTAS CORPCTASIndustrials0.48%8274US1729081059
KIMBERLY-CLARK CORPKMBConsumer Staples0.47%25339US4943681035
MASTERCARD INCMAInformation Technology0.42%9425US57636Q1040
WASTE MANAGEMENT INCWMIndustrials0.42%18694US94106L1098
TJX COS INC/THETJXConsumer Discretionary0.39%40970US8725401090
DOLLAR GENERAL CORPDGConsumer Discretionary0.38%12334US2566771059
MOODY'S CORPMCOFinancials0.38%7221US6153691059
YUM| BRANDS INCYUMConsumer Discretionary0.38%22530US9884981013
ESTEE LAUDER COS INC/THEELConsumer Staples0.34%7515US5184391044
CHUBB LTDCBFinancials0.33%13030CH0044328745
GARMIN LTDGRMNConsumer Discretionary0.33%17399CH0114405324
JPMORGAN CHASE & COJPMFinancials0.33%14758US46625H1005
NORFOLK SOUTHERN CORPNSCIndustrials0.33%9117US6558441084
ZOETIS INCZTSHealth Care0.33%10962US98978V1035
EXPEDITORS INTERNATIONAL OF WASHINGTON INCEXPDIndustrials0.32%19196US3021301094
TRANE TECHNOLOGIES PLCTTIndustrials0.31%11564IE00BK9ZQ967
HERSHEY CO/THEHSYConsumer Staples0.31%12610US4278661081
L3HARRIS TECHNOLOGIES INCLHXIndustrials0.31%10448US5024311095
ACTIVISION BLIZZARD INCATVICommunication Services0.30%36855US00507V1098
QUEST DIAGNOSTICS INCDGXHealth Care0.29%13650US74834L1008
CSX CORPCSXIndustrials0.28%57100US1264081035
CUMMINS INCCMIIndustrials0.27%8902US2310211063
GENERAL DYNAMICS CORPGDIndustrials0.26%10019US3695501086
ROCKWELL AUTOMATION INCROKIndustrials0.26%5666US7739031091
AON PLCAONFinancials0.25%6233IE00BLP1HW54
AUTOMATIC DATA PROCESSING INCADPInformation Technology0.25%8120US0530151036
CLOROX CO/THECLXConsumer Staples0.25%10617US1890541097
THERMO FISHER SCIENTIFIC INCTMOHealth Care0.25%2823US8835561023
EMERSON ELECTRIC COEMRIndustrials0.24%19452US2910111044
PAYCHEX INCPAYXInformation Technology0.24%14412US7043261079
GENERAL MILLS INCGISConsumer Staples0.23%26814US3703341046
BLACKROCK INCBLKFinancials0.22%1765US09247X1019
EBAY INCEBAYConsumer Discretionary0.21%21272US2786421030
CERNER CORPCERNHealth Care0.20%20116US1567821046
HORMEL FOODS CORPHRLConsumer Staples0.20%34525US4404521001
ANALOG DEVICES INCADIInformation Technology0.19%7857US0326541051
CHURCH & DWIGHT CO INCCHDConsumer Staples0.19%14997US1713401024
MSCI INCMSCIFinancials0.18%2146US55354G1004
COGNIZANT TECHNOLOGY SOLUTIONS CORPCTSHInformation Technology0.16%15218US1924461023
MOTOROLA SOLUTIONS INCMSIInformation Technology0.16%4738US6200763075
INTUIT INCINTUInformation Technology0.15%1608US4612021034
AMPHENOL CORPAPHInformation Technology0.14%12320US0320951017
BAXTER INTERNATIONAL INCBAXHealth Care0.14%13597US0718131099
BECTON DICKINSON AND COBDXHealth Care0.14%4071US0758871091
STRYKER CORPSYKHealth Care0.14%4200US8636671013
AGILENT TECHNOLOGIES INCAHealth Care0.13%6119US00846U1016
BROADCOM INCAVGOInformation Technology0.13%1777US11135F1012
TE CONNECTIVITY LTDTELInformation Technology0.12%5711CH0102993182
INTERNATIONAL BUSINESS MACHINES CORPIBMInformation Technology0.12%7688US4592001014
QUALCOMM INCQCOMInformation Technology0.12%5069US7475251036
ARCHER-DANIELS-MIDLAND COADMConsumer Staples0.11%12281US0394831020
CASH0.07%537018.41
BROADRIDGE FINANCIAL SOLUTIONS INCBRInformation Technology0.07%2806US11133T1034
Holdings subject to change.

Sector Allocation

AS OF 10/31/2021
Sector Weight
Health Care21.51%
Information Technology19.95%
Industrials15.15%
Consumer Staples14.68%
Consumer Discretionary13.73%
Financials7.61%
Communication Services7.27%
Cash0.10%

Distributions

Ex-DividendRecordPayableDistribution Per Share
10/28/202110/29/202111/02/20210.062409
09/29/202109/30/202110/04/20210.058105
08/30/202108/31/202109/02/20210.069436
07/29/202107/30/202108/03/20210.069806
06/29/202106/30/202107/02/20210.061743
05/27/202105/28/202106/02/20210.050730
04/29/202104/30/202105/04/20210.065399
03/29/202103/30/202104/01/20210.066479
02/25/202102/26/202103/02/20210.046043
01/28/202101/29/202102/02/20210.046163
12/29/202012/30/202001/04/20210.088403
11/27/202011/30/202012/02/20200.051062
10/29/202010/30/202011/03/20200.059382
09/29/202009/30/202010/02/20200.060621
08/28/202008/31/202009/02/20200.038724
07/30/202007/31/202008/04/20200.020381
06/29/202006/30/202007/02/20200.070818
05/28/202005/29/202006/02/20200.093515
04/29/202004/30/202005/04/20200.067912
03/27/202003/30/202004/01/20200.092086
02/25/202002/26/202002/28/20200.090179
01/29/202001/31/202002/04/20200.043146
12/27/201912/30/201901/03/20200.106313
11/27/201911/29/201912/03/20190.085099
10/30/201910/31/201911/04/20190.063451
9/27/20199/30/201910/2/20190.081163
8/28/20198/30/20199/4/20190.083196
7/30/20197/31/20198/2/20190.059927
6/27/20196/28/20197/2/20190.052483
5/30/20195/31/20196/4/20190.049536
4/26/20194/30/20195/2/20190.069547
3/28/20193/29/20194/2/20190.070789
2/27/20192/28/20193/4/20190.080658
1/30/20191/31/20192/4/20190.042709
12/27/201812/28/20181/3/20190.115449
11/29/201811/30/201812/4/20180.077441
10/30/201810/31/201811/2/20180.081878
9/27/20189/28/201810/2/20180.107168
8/29/20188/31/20189/5/2018 0.0759
7/30/20187/31/20188/2/20180.062
6/26/20186/27/20186/29/20180.072
5/30/20185/31/20186/4/20180.072
4/27/20184/30/20185/2/20180.070
3/27/20183/29/20184/3/20180.079
2/27/20182/28/20183/2/20180.061
1/30/20181/31/20182/2/20180.046
12/22/201712/26/201712/29/20170.144
11/15/201711/16/201711/21/20170.069
10/16/201710/17/201710/20/20170.070
9/15/20179/18/20179/21/20170.060
8/15/20178/17/20178/21/20170.026
7/17/20177/19/20177/21/20170.029
6/15/20176/19/20176/21/20170.065
5/12/20175/17/20175/19/20170.019
4/17/20174/19/20174/21/20170.060
3/15/20173/17/20173/21/20170.074
2/15/20172/17/20172/22/20170.043
1/17/20171/19/20171/23/20170.026
12/23/201612/28/201612/30/20160.093
11/15/201611/17/201611/21/20160.067
10/17/201610/19/201610/21/20160.066
9/15/20169/19/20169/21/20160.061
8/15/20168/17/20168/19/20160.026
7/15/20167/19/20167/21/20160.040
6/15/20166/17/20166/21/20160.099
5/16/20165/18/20165/20/20160.018
4/15/20164/19/20164/21/20160.047
3/15/20163/17/20163/21/20160.073
2/16/20162/18/20162/22/20160.022
1/15/20161/20/20161/22/20160.024
12/24/201512/29/201512/31/20150.091
11/16/201511/18/201511/20/20150.049
10/15/201510/19/201510/21/20150.059
9/15/20159/17/20159/21/20150.069
8/17/20158/19/20158/21/20150.024

Premium Discount

DateDays< -0.5%-0.5% to 0%00% to 0.5%> 0.5%
202118805301350
     9/30/2021 640240400
     6/30/2021 630160470
     3/31/2021610130480
2020253310101483
2019252011201391
2018251113011181
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
Effective June 1, 2020 the target index for OUSA was changed from FTSE USA Qual/Vol/Yield Factor 5% Capped Index to O’Shares U.S. 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.

OUSA Research & News

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