OUSM
O’Shares U.S. Small Cap Quality Dividend ETF
Why OUSM for Small Cap Quality Dividends?
Fund Investment Objective
The Fund seeks to track the performance (before fees and expenses) of its target index, the O’Shares U.S. Small-Cap Quality Dividend Index (the “Target Index”).
The Target Index is designed to reflect the performance of publicly-listed small-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 quality and low volatility factors are designed to reduce exposure to high dividend equities that have experienced large price declines, as may occur with some dividend investing strategies.
Fund & Market Data
| Profile | |
|---|---|
| Symbol | OUSM |
| Listing Exchange | Cboe |
| Inception Date | 12/30/2016 |
| CUSIP | 67110P100 |
| Target Index Provider | O'Shares |
| Target Index Symbol | OUSMX |
| Expense Ratio | 0.48% |
30 Day SEC Yield  | 1.84% (as of 12/31/2020) |
| Market Data as of | 01/15/2021 |
|---|---|
| NAV Price | $32.03 |
| NAV Price Change | -$0.17 |
| Market Price | $31.99 |
| Market Price Change | $0.00 |
| 30 Day Median Bid/Ask Spread | 0.12% (as of 01/15/2021) |
| Premium/Discount | -0.13% (as of 01/15/2021) |
| Shares Outstanding | 4,104,000.00 |
| Volume | 25,294 |
| Total Net Assets | $131,457,641.44 |
Please note that effective June 1, 2020 the target index for OUSM was changed from FTSE USA Small Cap ex Real Estate 2Qual/Vol/Yield 3% Capped Factor Index to O’Shares U.S. Small-Cap 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 12/31/2020)
| QTD | YTD | 1 YR | 3 YR | SI | |
|---|---|---|---|---|---|
| NAV | 19.32% | 7.59% | 7.59% | 7.20% | 8.01% |
| Market Value | 19.48% | 7.66% | 7.66% | 7.21% | 8.02% |
QUARTERLY PERFORMANCE (AS OF 12/31/2020)
| QTD | YTD | 1 YR | 3 YR | SI | |
|---|---|---|---|---|---|
| NAV | 19.32% | 7.59% | 7.59% | 7.20% | 8.01% |
| Market Value | 19.48% | 7.66% | 7.66% | 7.21% | 8.02% |
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.
HOLDINGS
| Name (As of 01/18/2021) | Ticker | Sector | Fund Weight | Quantity | CUSIP/ISIN |
|---|---|---|---|---|---|
| Interpublic Group of Cos Inc/T | IPG US | Communication Services | 2.441% | 128,535.00 | 460690100 |
| Dolby Laboratories Inc | DLB US | Information Technology | 2.397% | 33,620.00 | 25659T107 |
| Bio-Techne Corp | TECH US | Health Care | 2.340% | 8,840.00 | 09073M104 |
| Gentex Corp | GNTX US | Consumer Discretionary | 2.257% | 82,626.00 | 371901109 |
| MSC Industrial Direct Co Inc | MSM US | Industrials | 2.201% | 34,495.00 | 553530106 |
| Encompass Health Corp | EHC US | Health Care | 2.176% | 34,254.00 | 29261A100 |
| National Instruments Corp | NATI US | Information Technology | 2.139% | 61,760.00 | 636518102 |
| Eaton Vance Corp | EV US | Financials | 2.123% | 38,820.00 | 278265103 |
| Robert Half International Inc | RHI US | Industrials | 2.074% | 42,704.00 | 770323103 |
| Graco Inc | GGG US | Industrials | 2.063% | 36,844.00 | 384109104 |
| FLIR Systems Inc | FLIR US | Information Technology | 2.063% | 50,464.00 | 302445101 |
| Houlihan Lokey Inc | HLI US | Financials | 2.007% | 37,605.00 | 441593100 |
| Toro Co/The | TTC US | Industrials | 1.976% | 26,649.00 | 891092108 |
| Fidelity National Financial In | FNF US | Financials | 1.974% | 65,928.00 | 31620R303 |
| A O Smith Corp | AOS US | Industrials | 1.946% | 44,968.00 | 831865209 |
| National HealthCare Corp | NHC US | Health Care | 1.925% | 35,580.00 | 635906100 |
| Service Corp International/US | SCI US | Consumer Discretionary | 1.914% | 50,227.00 | 817565104 |
| Snap-on Inc | SNA US | Industrials | 1.892% | 14,739.00 | 833034101 |
| Erie Indemnity Co | ERIE US | Financials | 1.865% | 9,881.00 | 29530P102 |
| MAXIMUS Inc | MMS US | Information Technology | 1.761% | 30,318.00 | 577933104 |
| Whirlpool Corp | WHR US | Consumer Discretionary | 1.748% | 11,798.00 | 963320106 |
| Watsco Inc | WSO US | Industrials | 1.690% | 9,368.00 | 942622200 |
| First American Financial Corp | FAF US | Financials | 1.679% | 41,615.00 | 31847R102 |
| Ingredion Inc | INGR US | Consumer Staples | 1.624% | 27,360.00 | 457187102 |
| Monolithic Power Systems Inc | MPWR US | Information Technology | 1.613% | 5,585.00 | 609839105 |
| Flowers Foods Inc | FLO US | Consumer Staples | 1.577% | 92,691.00 | 343498101 |
| CDK Global Inc | CDK US | Information Technology | 1.540% | 39,125.00 | 12508E101 |
| Genpact Ltd | G US | Information Technology | 1.463% | 46,893.00 | G3922B107 |
| Hill-Rom Holdings Inc | HRC US | Health Care | 1.410% | 18,537.00 | 431475102 |
| Evercore Inc | EVR US | Financials | 1.409% | 15,582.00 | 29977A105 |
| Donaldson Co Inc | DCI US | Industrials | 1.403% | 30,981.00 | 257651109 |
| Lancaster Colony Corp | LANC US | Consumer Staples | 1.385% | 10,437.00 | 513847103 |
| Premier Inc | PINC US | Health Care | 1.326% | 47,225.00 | 74051N102 |
| ManTech International Corp/VA | MANT US | Information Technology | 1.199% | 16,170.00 | 564563104 |
| Artisan Partners Asset Managem | APAM US | Financials | 1.196% | 29,782.00 | 04316A108 |
| Leggett & Platt Inc | LEG US | Consumer Discretionary | 1.179% | 35,420.00 | 524660107 |
| Lazard Ltd | LAZ US | Financials | 1.068% | 30,747.00 | G54050102 |
| FirstCash Inc | FCFS US | Financials | 1.067% | 23,557.00 | 33767D105 |
| Moelis & Co | MC US | Financials | 1.030% | 24,504.00 | 60786M105 |
| WD-40 Co | WDFC US | Consumer Staples | 0.992% | 4,679.00 | 929236107 |
| Cogent Communications Holdings | CCOI US | Communication Services | 0.977% | 21,560.00 | 19239V302 |
| Safety Insurance Group Inc | SAFT US | Financials | 0.947% | 15,596.00 | 78648T100 |
| Morningstar Inc | MORN US | Financials | 0.838% | 4,957.00 | 617700109 |
| Xerox Holdings Corp | XRX US | Information Technology | 0.815% | 47,567.00 | 98421M106 |
| Exponent Inc | EXPO US | Industrials | 0.785% | 10,939.00 | 30214U102 |
| UGI Corp | UGI US | Utilities | 0.757% | 26,424.00 | 902681105 |
| CSG Systems International Inc | CSGS US | Information Technology | 0.755% | 22,975.00 | 126349109 |
| Science Applications Internati | SAIC US | Information Technology | 0.742% | 9,916.00 | 808625107 |
| Littelfuse Inc | LFUS US | Information Technology | 0.726% | 3,457.00 | 537008104 |
| BorgWarner Inc | BWA US | Consumer Discretionary | 0.723% | 24,582.00 | 099724106 |
| MDU Resources Group Inc | MDU US | Utilities | 0.710% | 33,507.00 | 552690109 |
| J & J Snack Foods Corp | JJSF US | Consumer Staples | 0.700% | 6,088.00 | 466032109 |
| Stewart Information Services C | STC US | Financials | 0.685% | 18,029.00 | 860372101 |
| Cohen & Steers Inc | CNS US | Financials | 0.670% | 11,942.00 | 19247A100 |
| Brady Corp | BRC US | Industrials | 0.664% | 17,068.00 | 104674106 |
| Graham Holdings Co | GHC US | Consumer Discretionary | 0.646% | 1,523.00 | 384637104 |
| Portland General Electric Co | POR US | Utilities | 0.628% | 19,041.00 | 736508847 |
| Carter's Inc | CRI US | Consumer Discretionary | 0.624% | 8,338.00 | 146229109 |
| Tetra Tech Inc | TTEK US | Industrials | 0.597% | 5,914.00 | 88162G103 |
| IDACORP Inc | IDA US | Utilities | 0.565% | 8,212.00 | 451107106 |
| Casey's General Stores Inc | CASY US | Consumer Staples | 0.563% | 3,963.00 | 147528103 |
| Badger Meter Inc | BMI US | Information Technology | 0.542% | 7,232.00 | 056525108 |
| MSA Safety Inc | MSA US | Industrials | 0.525% | 4,372.00 | 553498106 |
| Hanesbrands Inc | HBI US | Consumer Discretionary | 0.514% | 42,977.00 | 410345102 |
| NIC Inc | EGOV US | Information Technology | 0.514% | 24,576.00 | 62914B100 |
| Radian Group Inc | RDN US | Financials | 0.493% | 29,856.00 | 750236101 |
| Watts Water Technologies Inc | WTS US | Industrials | 0.491% | 4,988.00 | 942749102 |
| Progress Software Corp | PRGS US | Information Technology | 0.483% | 14,366.00 | 743312100 |
| Lear Corp | LEA US | Consumer Discretionary | 0.478% | 3,929.00 | 521865204 |
| Landstar System Inc | LSTR US | Industrials | 0.466% | 4,088.00 | 515098101 |
| Hamilton Lane Inc | HLNE US | Financials | 0.462% | 7,405.00 | 407497106 |
| Williams-Sonoma Inc | WSM US | Consumer Discretionary | 0.448% | 4,713.00 | 969904101 |
| Healthcare Services Group Inc | HCSG US | Industrials | 0.444% | 19,189.00 | 421906108 |
| ALLETE Inc | ALE US | Utilities | 0.443% | 8,347.00 | 018522300 |
| Tootsie Roll Industries Inc | TR US | Consumer Staples | 0.432% | 18,733.00 | 890516107 |
| ONE Gas Inc | OGS US | Utilities | 0.422% | 7,700.00 | 68235P108 |
| AMERISAFE Inc | AMSF US | Financials | 0.416% | 9,428.00 | 03071H100 |
| New York Times Co/The | NYT US | Communication Services | 0.416% | 11,145.00 | 650111107 |
| MDC Holdings Inc | MDC US | Consumer Discretionary | 0.415% | 11,343.00 | 552676108 |
| Vector Group Ltd | VGR US | Consumer Staples | 0.414% | 44,453.00 | 92240M108 |
| Federated Hermes Inc | FHI US | Financials | 0.409% | 17,468.00 | 314211103 |
| Virtu Financial Inc | VIRT US | Financials | 0.406% | 21,772.00 | 928254101 |
| Simpson Manufacturing Co Inc | SSD US | Industrials | 0.402% | 5,305.00 | 829073105 |
| Kemper Corp | KMPR US | Financials | 0.398% | 6,777.00 | 488401100 |
| Universal Corp/VA | UVV US | Consumer Staples | 0.378% | 9,485.00 | 913456109 |
| InterDigital Inc | IDCC US | Information Technology | 0.366% | 7,324.00 | 45867G101 |
| Weis Markets Inc | WMK US | Consumer Staples | 0.353% | 9,695.00 | 948849104 |
| ITT Inc | ITT US | Industrials | 0.351% | 5,701.00 | 45073V108 |
| New Jersey Resources Corp | NJR US | Utilities | 0.342% | 11,889.00 | 646025106 |
| Ennis Inc | EBF US | Industrials | 0.327% | 23,027.00 | 293389102 |
| NorthWestern Corp | NWE US | Utilities | 0.321% | 7,119.00 | 668074305 |
| Hawaiian Electric Industries I | HE US | Utilities | 0.321% | 12,339.00 | 419870100 |
| National Fuel Gas Co | NFG US | Utilities | 0.294% | 8,733.00 | 636180101 |
| Black Hills Corp | BKH US | Utilities | 0.269% | 5,699.00 | 092113109 |
| Franklin Electric Co Inc | FELE US | Industrials | 0.237% | 4,353.00 | 353514102 |
| American States Water Co | AWR US | Utilities | 0.236% | 3,807.00 | 029899101 |
| UniFirst Corp/MA | UNF US | Industrials | 0.217% | 1,299.00 | 904708104 |
| PNM Resources Inc | PNM US | Utilities | 0.217% | 5,841.00 | 69349H107 |
| Otter Tail Corp | OTTR US | Utilities | 0.213% | 6,651.00 | 689648103 |
| Avista Corp | AVA US | Utilities | 0.198% | 6,446.00 | 05379B107 |
| Spire Inc | SR US | Utilities | 0.182% | 3,881.00 | 84857L101 |
| Southwest Gas Holdings Inc | SWX US | Utilities | 0.162% | 3,545.00 | 844895102 |
| MGE Energy Inc | MGEE US | Utilities | 0.124% | 2,413.00 | 55277P104 |
| Chesapeake Utilities Corp | CPK US | Utilities | 0.120% | 1,492.00 | 165303108 |
| Northwest Natural Holding Co | NWN US | Utilities | 0.076% | 2,232.00 | 66765N105 |
| USD CURNCY | USD CURNCY | 0.015% | 19,102.76 |
SECTORS
AS OF 12/30/2020
| Sectors | Weight |
|---|---|
| Financials | 21.19% |
| Industrials | 20.73% |
| Information Technology | 18.99% |
| Consumer Discretionary | 10.81% |
| Health Care | 8.99% |
| Consumer Staples | 8.67% |
| Utilities | 6.68% |
| Communication Services | 3.83% |
| Cash | 0.09% |
DISTRIBUTIONS
| Ex-Dividend | Record | Payable | Distribution Per Share |
|---|---|---|---|
| 12/29/2020 | 12/30/2020 | 01/04/2021 | 0.143333 |
| 11/27/2020 | 11/30/2020 | 12/02/2020 | 0.069662 |
| 10/29/2020 | 10/30/2020 | 11/03/2020 | 0.030434 |
| 09/29/2020 | 09/30/2020 | 10/02/2020 | 0.035874 |
| 08/28/2020 | 08/31/2020 | 09/02/2020 | 0.020712 |
| 07/30/2020 | 07/31/2020 | 08/04/2020 | 0.009765 |
| 06/29/2020 | 06/30/2020 | 07/02/2020 | 0.047353 |
| 05/28/2020 | 05/29/2020 | 06/02/2020 | 0.051608 |
| 04/29/2020 | 04/30/2020 | 05/04/2020 | 0.043675 |
| 03/27/2020 | 03/30/2020 | 04/01/2020 | 0.070263 |
| 02/25/2020 | 02/26/2020 | 02/28/2020 | 0.049613 |
| 01/29/2020 | 01/31/2020 | 02/04/2020 | 0.054836 |
| 12/27/2019 | 12/30/2019 | 01/03/2020 | 0.076181 |
| 11/27/2019 | 11/29/2019 | 12/3/2019 | 0.058615 |
| 10/30/2019 | 10/31/2019 | 11/4/2019 | 0.040394 |
| 9/27/2019 | 9/30/2019 | 10/2/2019 | 0.051475 |
| 8/28/2019 | 8/30/2019 | 9/4/2019 | 0.0479 |
| 7/30/2019 | 7/31/2019 | 8/2/2019 | 0.023934 |
| 6/27/2019 | 6/28/2019 | 7/2/2019 | 0.063913 |
| 5/30/2019 | 5/31/2019 | 6/4/2019 | 0.040131 |
| 4/26/2019 | 4/30/2019 | 5/2/2019 | 0.034715 |
| 3/28/2019 | 3/29/2019 | 4/2/2019 | 0.066273 |
| 2/27/2019 | 2/28/2019 | 3/4/2019 | 0.05885 |
| 1/30/2019 | 1/31/2019 | 2/4/2019 | 0.02695 |
| 12/27/2018 | 12/28/2018 | 1/3/2019 | 0.073132 |
| 11/29/2018 | 11/30/2018 | 12/4/2018 | 0.071378 |
| 10/30/2018 | 10/31/2018 | 11/2/2018 | 0.032762 |
| 9/27/2018 | 9/28/2018 | 10/2/2018 | 0.044242 |
| 8/29/2018 | 8/31/2018 | 9/5/2018 | 0.0454 |
| 7/30/2018 | 7/31/2018 | 8/2/2018 | 0.021 |
| 6-26-2018 | 6-27-2018 | 6-29-2018 | 0.060068 |
| 5-30-2018 | 5-31-2018 | 6-4-2018 | 0.061 |
| 4-27-2018 | 4-30-2018 | 5-2-2018 | 0.069 |
| 3/27/2018 | 3/29/2018 | 4/3/2018 | 0.059 |
| 2/27/2018 | 2/28/2018 | 3/2/2018 | 0.045 |
| 1/30/2018 | 1/31/2018 | 2/2/2018 | 0.038 |
| 12/22/2017 | 12/26/2017 | 12/29/2017 | 0.156 |
| 11/15/2017 | 11/16/2017 | 11/21/2017 | 0.060 |
| 10/16/2017 | 10/17/2017 | 10/20/2017 | 0.058 |
| 9/15/2017 | 9/18/2017 | 9/21/2017 | 0.055 |
| 8/15/2017 | 8/17/2017 | 8/21/2017 | 0.030 |
| 7/17/2017 | 7/19/2017 | 7/21/2017 | 0.006 |
| 6/15/2017 | 6/19/2017 | 6/21/2017 | 0.052 |
| 5/15/2017 | 5/17/2017 | 5/19/2017 | 0.023 |
| 4/17/2017 | 4/19/2017 | 4/21/2017 | 0.077 |
| 3/15/2017 | 3/17/2017 | 3/21/2017 | 0.058 |
| 2/15/2017 | 2/17/2017 | 2/22/2017 | 0.009 |
PREMIUM / DISCOUNT
| Date | Days | < -0.5% | -0.5% to 0% | 0 | 0% to 0.5% | > 0.5% |
|---|---|---|---|---|---|---|
| 2020 | 189 | 5 | 89 | 0 | 94 | 1 |
| 3/31/2020 | 62 | 4 | 34 | 0 | 24 | 0 |
| 6/30/2020 | 63 | 1 | 31 | 0 | 30 | 1 |
| 9/30/2020 | 64 | 0 | 24 | 0 | 40 | 0 |
| 2019 | 252 | 0 | 161 | 0 | 91 | 0 |
| 2018 | 251 | 0 | 132 | 0 | 119 | 0 |
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 RESOURCE
OUSM RESEARCH | NEWS
O’Shares Strategy Series | U.S. Small Caps
Why OUSMJanuary 12, 2021 - 1:33 PM
Small-Cap Stocks: Quality Dividends or Value for Income?December 1, 2020 - 9:54 AM
Small-Cap Stocks: Dividend Quality Could Be the Key to Finding Potential WinnersNovember 10, 2020 - 7:08 AM
Quality Balance Sheets for Stronger Small-cap PerformanceSeptember 22, 2020 - 4:54 PM
Small-Cap Quality Stocks, Strong PerformersSeptember 9, 2020 - 4:27 PM
Performance
MONTHLY PERFORMANCE (AS OF 12/31/2020)
| QTD | YTD | 1 YR | 3 YR | SI | |
|---|---|---|---|---|---|
| NAV | 19.32% | 7.59% | 7.59% | 7.20% | 8.01% |
| Market Value | 19.48% | 7.66% | 7.66% | 7.21% | 8.02% |
QUARTERLY PERFORMANCE (AS OF 12/31/2020)
| QTD | YTD | 1 YR | 3 YR | SI | |
|---|---|---|---|---|---|
| NAV | 19.32% | 7.59% | 7.59% | 7.20% | 8.01% |
| Market Value | 19.48% | 7.66% | 7.66% | 7.21% | 8.02% |
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.
Holdings
| Name (As of 01/18/2021) | Ticker | Sector | Fund Weight | Quantity | CUSIP/ISIN |
|---|---|---|---|---|---|
| Interpublic Group of Cos Inc/T | IPG US | Communication Services | 2.441% | 128,535.00 | 460690100 |
| Dolby Laboratories Inc | DLB US | Information Technology | 2.397% | 33,620.00 | 25659T107 |
| Bio-Techne Corp | TECH US | Health Care | 2.340% | 8,840.00 | 09073M104 |
| Gentex Corp | GNTX US | Consumer Discretionary | 2.257% | 82,626.00 | 371901109 |
| MSC Industrial Direct Co Inc | MSM US | Industrials | 2.201% | 34,495.00 | 553530106 |
| Encompass Health Corp | EHC US | Health Care | 2.176% | 34,254.00 | 29261A100 |
| National Instruments Corp | NATI US | Information Technology | 2.139% | 61,760.00 | 636518102 |
| Eaton Vance Corp | EV US | Financials | 2.123% | 38,820.00 | 278265103 |
| Robert Half International Inc | RHI US | Industrials | 2.074% | 42,704.00 | 770323103 |
| Graco Inc | GGG US | Industrials | 2.063% | 36,844.00 | 384109104 |
| FLIR Systems Inc | FLIR US | Information Technology | 2.063% | 50,464.00 | 302445101 |
| Houlihan Lokey Inc | HLI US | Financials | 2.007% | 37,605.00 | 441593100 |
| Toro Co/The | TTC US | Industrials | 1.976% | 26,649.00 | 891092108 |
| Fidelity National Financial In | FNF US | Financials | 1.974% | 65,928.00 | 31620R303 |
| A O Smith Corp | AOS US | Industrials | 1.946% | 44,968.00 | 831865209 |
| National HealthCare Corp | NHC US | Health Care | 1.925% | 35,580.00 | 635906100 |
| Service Corp International/US | SCI US | Consumer Discretionary | 1.914% | 50,227.00 | 817565104 |
| Snap-on Inc | SNA US | Industrials | 1.892% | 14,739.00 | 833034101 |
| Erie Indemnity Co | ERIE US | Financials | 1.865% | 9,881.00 | 29530P102 |
| MAXIMUS Inc | MMS US | Information Technology | 1.761% | 30,318.00 | 577933104 |
| Whirlpool Corp | WHR US | Consumer Discretionary | 1.748% | 11,798.00 | 963320106 |
| Watsco Inc | WSO US | Industrials | 1.690% | 9,368.00 | 942622200 |
| First American Financial Corp | FAF US | Financials | 1.679% | 41,615.00 | 31847R102 |
| Ingredion Inc | INGR US | Consumer Staples | 1.624% | 27,360.00 | 457187102 |
| Monolithic Power Systems Inc | MPWR US | Information Technology | 1.613% | 5,585.00 | 609839105 |
| Flowers Foods Inc | FLO US | Consumer Staples | 1.577% | 92,691.00 | 343498101 |
| CDK Global Inc | CDK US | Information Technology | 1.540% | 39,125.00 | 12508E101 |
| Genpact Ltd | G US | Information Technology | 1.463% | 46,893.00 | G3922B107 |
| Hill-Rom Holdings Inc | HRC US | Health Care | 1.410% | 18,537.00 | 431475102 |
| Evercore Inc | EVR US | Financials | 1.409% | 15,582.00 | 29977A105 |
| Donaldson Co Inc | DCI US | Industrials | 1.403% | 30,981.00 | 257651109 |
| Lancaster Colony Corp | LANC US | Consumer Staples | 1.385% | 10,437.00 | 513847103 |
| Premier Inc | PINC US | Health Care | 1.326% | 47,225.00 | 74051N102 |
| ManTech International Corp/VA | MANT US | Information Technology | 1.199% | 16,170.00 | 564563104 |
| Artisan Partners Asset Managem | APAM US | Financials | 1.196% | 29,782.00 | 04316A108 |
| Leggett & Platt Inc | LEG US | Consumer Discretionary | 1.179% | 35,420.00 | 524660107 |
| Lazard Ltd | LAZ US | Financials | 1.068% | 30,747.00 | G54050102 |
| FirstCash Inc | FCFS US | Financials | 1.067% | 23,557.00 | 33767D105 |
| Moelis & Co | MC US | Financials | 1.030% | 24,504.00 | 60786M105 |
| WD-40 Co | WDFC US | Consumer Staples | 0.992% | 4,679.00 | 929236107 |
| Cogent Communications Holdings | CCOI US | Communication Services | 0.977% | 21,560.00 | 19239V302 |
| Safety Insurance Group Inc | SAFT US | Financials | 0.947% | 15,596.00 | 78648T100 |
| Morningstar Inc | MORN US | Financials | 0.838% | 4,957.00 | 617700109 |
| Xerox Holdings Corp | XRX US | Information Technology | 0.815% | 47,567.00 | 98421M106 |
| Exponent Inc | EXPO US | Industrials | 0.785% | 10,939.00 | 30214U102 |
| UGI Corp | UGI US | Utilities | 0.757% | 26,424.00 | 902681105 |
| CSG Systems International Inc | CSGS US | Information Technology | 0.755% | 22,975.00 | 126349109 |
| Science Applications Internati | SAIC US | Information Technology | 0.742% | 9,916.00 | 808625107 |
| Littelfuse Inc | LFUS US | Information Technology | 0.726% | 3,457.00 | 537008104 |
| BorgWarner Inc | BWA US | Consumer Discretionary | 0.723% | 24,582.00 | 099724106 |
| MDU Resources Group Inc | MDU US | Utilities | 0.710% | 33,507.00 | 552690109 |
| J & J Snack Foods Corp | JJSF US | Consumer Staples | 0.700% | 6,088.00 | 466032109 |
| Stewart Information Services C | STC US | Financials | 0.685% | 18,029.00 | 860372101 |
| Cohen & Steers Inc | CNS US | Financials | 0.670% | 11,942.00 | 19247A100 |
| Brady Corp | BRC US | Industrials | 0.664% | 17,068.00 | 104674106 |
| Graham Holdings Co | GHC US | Consumer Discretionary | 0.646% | 1,523.00 | 384637104 |
| Portland General Electric Co | POR US | Utilities | 0.628% | 19,041.00 | 736508847 |
| Carter's Inc | CRI US | Consumer Discretionary | 0.624% | 8,338.00 | 146229109 |
| Tetra Tech Inc | TTEK US | Industrials | 0.597% | 5,914.00 | 88162G103 |
| IDACORP Inc | IDA US | Utilities | 0.565% | 8,212.00 | 451107106 |
| Casey's General Stores Inc | CASY US | Consumer Staples | 0.563% | 3,963.00 | 147528103 |
| Badger Meter Inc | BMI US | Information Technology | 0.542% | 7,232.00 | 056525108 |
| MSA Safety Inc | MSA US | Industrials | 0.525% | 4,372.00 | 553498106 |
| Hanesbrands Inc | HBI US | Consumer Discretionary | 0.514% | 42,977.00 | 410345102 |
| NIC Inc | EGOV US | Information Technology | 0.514% | 24,576.00 | 62914B100 |
| Radian Group Inc | RDN US | Financials | 0.493% | 29,856.00 | 750236101 |
| Watts Water Technologies Inc | WTS US | Industrials | 0.491% | 4,988.00 | 942749102 |
| Progress Software Corp | PRGS US | Information Technology | 0.483% | 14,366.00 | 743312100 |
| Lear Corp | LEA US | Consumer Discretionary | 0.478% | 3,929.00 | 521865204 |
| Landstar System Inc | LSTR US | Industrials | 0.466% | 4,088.00 | 515098101 |
| Hamilton Lane Inc | HLNE US | Financials | 0.462% | 7,405.00 | 407497106 |
| Williams-Sonoma Inc | WSM US | Consumer Discretionary | 0.448% | 4,713.00 | 969904101 |
| Healthcare Services Group Inc | HCSG US | Industrials | 0.444% | 19,189.00 | 421906108 |
| ALLETE Inc | ALE US | Utilities | 0.443% | 8,347.00 | 018522300 |
| Tootsie Roll Industries Inc | TR US | Consumer Staples | 0.432% | 18,733.00 | 890516107 |
| ONE Gas Inc | OGS US | Utilities | 0.422% | 7,700.00 | 68235P108 |
| AMERISAFE Inc | AMSF US | Financials | 0.416% | 9,428.00 | 03071H100 |
| New York Times Co/The | NYT US | Communication Services | 0.416% | 11,145.00 | 650111107 |
| MDC Holdings Inc | MDC US | Consumer Discretionary | 0.415% | 11,343.00 | 552676108 |
| Vector Group Ltd | VGR US | Consumer Staples | 0.414% | 44,453.00 | 92240M108 |
| Federated Hermes Inc | FHI US | Financials | 0.409% | 17,468.00 | 314211103 |
| Virtu Financial Inc | VIRT US | Financials | 0.406% | 21,772.00 | 928254101 |
| Simpson Manufacturing Co Inc | SSD US | Industrials | 0.402% | 5,305.00 | 829073105 |
| Kemper Corp | KMPR US | Financials | 0.398% | 6,777.00 | 488401100 |
| Universal Corp/VA | UVV US | Consumer Staples | 0.378% | 9,485.00 | 913456109 |
| InterDigital Inc | IDCC US | Information Technology | 0.366% | 7,324.00 | 45867G101 |
| Weis Markets Inc | WMK US | Consumer Staples | 0.353% | 9,695.00 | 948849104 |
| ITT Inc | ITT US | Industrials | 0.351% | 5,701.00 | 45073V108 |
| New Jersey Resources Corp | NJR US | Utilities | 0.342% | 11,889.00 | 646025106 |
| Ennis Inc | EBF US | Industrials | 0.327% | 23,027.00 | 293389102 |
| NorthWestern Corp | NWE US | Utilities | 0.321% | 7,119.00 | 668074305 |
| Hawaiian Electric Industries I | HE US | Utilities | 0.321% | 12,339.00 | 419870100 |
| National Fuel Gas Co | NFG US | Utilities | 0.294% | 8,733.00 | 636180101 |
| Black Hills Corp | BKH US | Utilities | 0.269% | 5,699.00 | 092113109 |
| Franklin Electric Co Inc | FELE US | Industrials | 0.237% | 4,353.00 | 353514102 |
| American States Water Co | AWR US | Utilities | 0.236% | 3,807.00 | 029899101 |
| UniFirst Corp/MA | UNF US | Industrials | 0.217% | 1,299.00 | 904708104 |
| PNM Resources Inc | PNM US | Utilities | 0.217% | 5,841.00 | 69349H107 |
| Otter Tail Corp | OTTR US | Utilities | 0.213% | 6,651.00 | 689648103 |
| Avista Corp | AVA US | Utilities | 0.198% | 6,446.00 | 05379B107 |
| Spire Inc | SR US | Utilities | 0.182% | 3,881.00 | 84857L101 |
| Southwest Gas Holdings Inc | SWX US | Utilities | 0.162% | 3,545.00 | 844895102 |
| MGE Energy Inc | MGEE US | Utilities | 0.124% | 2,413.00 | 55277P104 |
| Chesapeake Utilities Corp | CPK US | Utilities | 0.120% | 1,492.00 | 165303108 |
| Northwest Natural Holding Co | NWN US | Utilities | 0.076% | 2,232.00 | 66765N105 |
| USD CURNCY | USD CURNCY | 0.015% | 19,102.76 |
Sector Allocation
AS OF 12/30/2020
| Sectors | Weight |
|---|---|
| Financials | 21.19% |
| Industrials | 20.73% |
| Information Technology | 18.99% |
| Consumer Discretionary | 10.81% |
| Health Care | 8.99% |
| Consumer Staples | 8.67% |
| Utilities | 6.68% |
| Communication Services | 3.83% |
| Cash | 0.09% |
Distributions
| Ex-Dividend | Record | Payable | Distribution Per Share |
|---|---|---|---|
| 12/29/2020 | 12/30/2020 | 01/04/2021 | 0.143333 |
| 11/27/2020 | 11/30/2020 | 12/02/2020 | 0.069662 |
| 10/29/2020 | 10/30/2020 | 11/03/2020 | 0.030434 |
| 09/29/2020 | 09/30/2020 | 10/02/2020 | 0.035874 |
| 08/28/2020 | 08/31/2020 | 09/02/2020 | 0.020712 |
| 07/30/2020 | 07/31/2020 | 08/04/2020 | 0.009765 |
| 06/29/2020 | 06/30/2020 | 07/02/2020 | 0.047353 |
| 05/28/2020 | 05/29/2020 | 06/02/2020 | 0.051608 |
| 04/29/2020 | 04/30/2020 | 05/04/2020 | 0.043675 |
| 03/27/2020 | 03/30/2020 | 04/01/2020 | 0.070263 |
| 02/25/2020 | 02/26/2020 | 02/28/2020 | 0.049613 |
| 01/29/2020 | 01/31/2020 | 02/04/2020 | 0.054836 |
| 12/27/2019 | 12/30/2019 | 01/03/2020 | 0.076181 |
| 11/27/2019 | 11/29/2019 | 12/3/2019 | 0.058615 |
| 10/30/2019 | 10/31/2019 | 11/4/2019 | 0.040394 |
| 9/27/2019 | 9/30/2019 | 10/2/2019 | 0.051475 |
| 8/28/2019 | 8/30/2019 | 9/4/2019 | 0.0479 |
| 7/30/2019 | 7/31/2019 | 8/2/2019 | 0.023934 |
| 6/27/2019 | 6/28/2019 | 7/2/2019 | 0.063913 |
| 5/30/2019 | 5/31/2019 | 6/4/2019 | 0.040131 |
| 4/26/2019 | 4/30/2019 | 5/2/2019 | 0.034715 |
| 3/28/2019 | 3/29/2019 | 4/2/2019 | 0.066273 |
| 2/27/2019 | 2/28/2019 | 3/4/2019 | 0.05885 |
| 1/30/2019 | 1/31/2019 | 2/4/2019 | 0.02695 |
| 12/27/2018 | 12/28/2018 | 1/3/2019 | 0.073132 |
| 11/29/2018 | 11/30/2018 | 12/4/2018 | 0.071378 |
| 10/30/2018 | 10/31/2018 | 11/2/2018 | 0.032762 |
| 9/27/2018 | 9/28/2018 | 10/2/2018 | 0.044242 |
| 8/29/2018 | 8/31/2018 | 9/5/2018 | 0.0454 |
| 7/30/2018 | 7/31/2018 | 8/2/2018 | 0.021 |
| 6-26-2018 | 6-27-2018 | 6-29-2018 | 0.060068 |
| 5-30-2018 | 5-31-2018 | 6-4-2018 | 0.061 |
| 4-27-2018 | 4-30-2018 | 5-2-2018 | 0.069 |
| 3/27/2018 | 3/29/2018 | 4/3/2018 | 0.059 |
| 2/27/2018 | 2/28/2018 | 3/2/2018 | 0.045 |
| 1/30/2018 | 1/31/2018 | 2/2/2018 | 0.038 |
| 12/22/2017 | 12/26/2017 | 12/29/2017 | 0.156 |
| 11/15/2017 | 11/16/2017 | 11/21/2017 | 0.060 |
| 10/16/2017 | 10/17/2017 | 10/20/2017 | 0.058 |
| 9/15/2017 | 9/18/2017 | 9/21/2017 | 0.055 |
| 8/15/2017 | 8/17/2017 | 8/21/2017 | 0.030 |
| 7/17/2017 | 7/19/2017 | 7/21/2017 | 0.006 |
| 6/15/2017 | 6/19/2017 | 6/21/2017 | 0.052 |
| 5/15/2017 | 5/17/2017 | 5/19/2017 | 0.023 |
| 4/17/2017 | 4/19/2017 | 4/21/2017 | 0.077 |
| 3/15/2017 | 3/17/2017 | 3/21/2017 | 0.058 |
| 2/15/2017 | 2/17/2017 | 2/22/2017 | 0.009 |
