OUSM
O’Shares U.S. Small Cap Quality Dividend ETF
Small-caps focused on strong dividend growth and profitability.
Get the latest research for equity income strategies and dividend growth trends.
Should investors consider small-caps for diversification and income?
Get access:
• Latest research and data on income and growth investing
• Market commentary
• Strategy discussion webcasts with Kevin O’Leary and guests
Dividend Growth
Small-cap dividend paying stocks with strong dividend growth have outperformed.* A company’s ability to grow dividends in often an indicator of financial health.
Profitability
Top quartile small-cap companies by return on assets (ROA) have outperformed those in the bottom quartile historically.*
Strong Balance Sheets
Small-cap companies with strong cash flows** and responsible use of debt (leverage) have historically outperformed across most sectors.
Dividend Coverage
Less Risk?
Quality Dividend Income
*Source: O'Shares ETFs and Bloomberg. Small-Cap Stocks: Why Quality Matters. Data as of 12/31/2021.
**Free Cash Flow – FCF: A measure of financial performance calculated as operating cash flow minus capital expenditures.
OUSM
O’Shares U.S. Small Cap Quality Dividend ETF
Small-caps focused on strong dividend growth and profitability.
Dividend Growth
Small-cap dividend paying stocks with strong dividend growth have outperformed.* A company’s ability to grow dividends in often an indicator of financial health.
Profitability
Top quartile small-cap companies by return on assets (ROA) have outperformed those in the bottom quartile historically.*
Strong Balance Sheets
Small-cap companies with strong cash flows** and responsible use of debt (leverage) have historically outperformed across most sectors.
Dividend Coverage
Less Risk?
Quality Dividend Income
Get the latest research for equity income strategies and dividend growth trends.
Should investors consider small-caps for diversification and 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 and Bloomberg. Small-Cap Stocks: Why Quality Matters. Data as of 12/31/2021.
**Free Cash Flow – FCF: A measure of financial performance calculated as operating cash flow minus capital expenditures.
Why OUSM for Small Cap Quality Dividends?
- Quality Advantages. Over 100 small cap stocks selected for quality, strong balance sheets and profitability.
- Performance. Seeks less volatile approach to invest in small cap companies.
- Use as Core Holding. Attractive long-term quality approach for investing in small caps, seeking income and less risk potential.
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 Yield1 | 1.87% (as of 4/30/2022) |
| Market Data as of | 05/23/2022 |
|---|---|
| NAV Price | $32.85 |
| NAV Price Change | $0.22 |
| Market Price | $32.84 |
| Market Price Change | $0.23 |
| 30 Day Median Bid/Ask Spread2 | 0.12% (as of 05/23/2022) |
| Premium/Discount3 | -0.02% (as of 05/23/2022) |
| Shares Outstanding | 4,704,000.000 |
| Volume | 6,263 |
| Total Net Assets | $154,502,664.23 |
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).
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.
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
| QTD | YTD | 1 YR | 3 YR | 5 YR | SI | |
|---|---|---|---|---|---|---|
| NAV | -5.24% | -11.04% | -5.16% | 7.85% | 7.38% | 7.52% |
| Market Value | -5.27% | -11.07% | -5.18% | 7.84% | 7.38% | 7.51% |
| QTD | YTD | 1 YR | 3 YR | 5 YR | SI | |
|---|---|---|---|---|---|---|
| NAV | -6.12% | -6.12% | 3.80% | 11.58% | 8.85% | 8.75% |
| Market Value | -6.12% | -6.12% | 3.77% | 11.58% | 8.85% | 8.75% |
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 5/23/2022) | Ticker | Sector | Fund Weight | Quantity | CUSIP/ISIN |
|---|---|---|---|---|---|
| BUNGE LTD | BG | Consumer Staples | 2.89% | 39351 | BMG169621056 |
| SERVICE CORP INTERNATIONAL/US | SCI | Consumer Discretionary | 2.44% | 54563 | US8175651046 |
| AMDOCS LTD | DOX | Information Technology | 2.38% | 43533 | GB0022569080 |
| JACK HENRY & ASSOCIATES INC | JKHY | Information Technology | 2.34% | 19767 | US4262811015 |
| JUNIPER NETWORKS INC | JNPR | Information Technology | 2.32% | 120969 | US48203R1041 |
| PREMIER INC | PINC | Health Care | 2.11% | 87187 | US74051N1028 |
| SNAP-ON INC | SNA | Industrials | 2.11% | 15361 | US8330341012 |
| GENTEX CORP | GNTX | Consumer Discretionary | 2.08% | 108414 | US3719011096 |
| HOULIHAN LOKEY INC | HLI | Financials | 2.08% | 37863 | US4415931009 |
| ERIE INDEMNITY CO | ERIE | Financials | 2.05% | 19381 | US29530P1021 |
| SEI INVESTMENTS CO | SEIC | Financials | 2.02% | 56257 | US7841171033 |
| OLD REPUBLIC INTERNATIONAL CORP | ORI | Financials | 1.98% | 133469 | US6802231042 |
| WATSCO INC | WSO | Industrials | 1.94% | 12073 | US9426222009 |
| CBOE GLOBAL MARKETS INC | CBOE | Financials | 1.90% | 27219 | US12503M1080 |
| INTERPUBLIC GROUP OF COS INC/THE | IPG | Communication Services | 1.86% | 91916 | US4606901001 |
| LINCOLN ELECTRIC HOLDINGS INC | LECO | Industrials | 1.86% | 21959 | US5339001068 |
| ROBERT HALF INTERNATIONAL INC | RHI | Industrials | 1.82% | 31689 | US7703231032 |
| A O SMITH CORP | AOS | Industrials | 1.82% | 48061 | US8318652091 |
| WESTERN UNION CO/THE | WU | Information Technology | 1.79% | 158880 | US9598021098 |
| ENCOMPASS HEALTH CORP | EHC | Health Care | 1.76% | 42360 | US29261A1007 |
| DOLBY LABORATORIES INC | DLB | Information Technology | 1.75% | 35752 | US25659T1079 |
| GRACO INC | GGG | Industrials | 1.73% | 43818 | US3841091040 |
| MAXIMUS INC | MMS | Information Technology | 1.68% | 40192 | US5779331041 |
| CARLYLE GROUP INC/THE | CG | Financials | 1.64% | 68881 | US14316J1088 |
| H&R BLOCK INC | HRB | Consumer Discretionary | 1.59% | 74311 | US0936711052 |
| TORO CO/THE | TTC | Industrials | 1.56% | 31650 | US8910921084 |
| NATIONAL HEALTHCARE CORP | NHC | Health Care | 1.54% | 34815 | US6359061008 |
| FLOWERS FOODS INC | FLO | Consumer Staples | 1.51% | 89442 | US3434981011 |
| UGI CORP | UGI | Utilities | 1.33% | 50104 | US9026811052 |
| DONALDSON CO INC | DCI | Industrials | 1.25% | 38779 | US2576511099 |
| INGREDION INC | INGR | Consumer Staples | 1.25% | 20603 | US4571871023 |
| CDK GLOBAL INC | CDK | Information Technology | 1.21% | 34340 | US12508E1010 |
| SAFETY INSURANCE GROUP INC | SAFT | Financials | 1.12% | 19491 | US78648T1007 |
| RLI CORP | RLI | Financials | 1.08% | 14479 | US7496071074 |
| MOELIS & CO | MC | Financials | 1.06% | 36906 | US60786M1053 |
| LAZARD LTD | LAZ | Financials | 1.04% | 47768 | BMG540501027 |
| CHEMED CORP | CHE | Health Care | 1.04% | 3261 | US16359R1032 |
| BORGWARNER INC | BWA | Consumer Discretionary | 1.02% | 41286 | US0997241064 |
| WHIRLPOOL CORP | WHR | Consumer Discretionary | 1.02% | 9084 | US9633201069 |
| MONOLITHIC POWER SYSTEMS INC | MPWR | Information Technology | 1.00% | 3702 | US6098391054 |
| GENPACT LTD | G | Information Technology | 0.98% | 35935 | BMG3922B1072 |
| LANCASTER COLONY CORP | LANC | Consumer Staples | 0.92% | 11491 | US5138471033 |
| MERCURY GENERAL CORP | MCY | Financials | 0.83% | 26668 | US5894001008 |
| EVERCORE INC | EVR | Financials | 0.78% | 10946 | US29977A1051 |
| AVNET INC | AVT | Information Technology | 0.77% | 25842 | US0538071038 |
| LEGGETT & PLATT INC | LEG | Consumer Discretionary | 0.76% | 31692 | US5246601075 |
| ARTISAN PARTNERS ASSET MANAGEMENT INC | APAM | Financials | 0.73% | 31605 | US04316A1088 |
| MORNINGSTAR INC | MORN | Financials | 0.73% | 4550 | US6177001095 |
| BRADY CORP | BRC | Industrials | 0.70% | 23900 | US1046741062 |
| NATIONAL INSTRUMENTS CORP | NATI | Information Technology | 0.68% | 29691 | US6365181022 |
| LAMB WESTON HOLDINGS INC | LW | Consumer Staples | 0.67% | 16200 | US5132721045 |
| CSG SYSTEMS INTERNATIONAL INC | CSGS | Information Technology | 0.64% | 16506 | US1263491094 |
| NEWS CORP | NWSA | Communication Services | 0.64% | 57040 | US65249B1098 |
| LANDSTAR SYSTEM INC | LSTR | Industrials | 0.63% | 6589 | US5150981018 |
| JOHN WILEY & SONS INC | WLY | Communication Services | 0.62% | 18701 | US9682232064 |
| LITTELFUSE INC | LFUS | Information Technology | 0.61% | 3570 | US5370081045 |
| PINNACLE WEST CAPITAL CORP | PNW | Utilities | 0.59% | 12054 | US7234841010 |
| EXPONENT INC | EXPO | Industrials | 0.58% | 10174 | US30214U1025 |
| STEWART INFORMATION SERVICES CORP | STC | Financials | 0.56% | 15372 | US8603721015 |
| SCHNEIDER NATIONAL INC | SNDR | Industrials | 0.55% | 36723 | US80689H1023 |
| MDU RESOURCES GROUP INC | MDU | Industrials | 0.54% | 30949 | US5526901096 |
| OGE ENERGY CORP | OGE | Utilities | 0.54% | 20796 | US6708371033 |
| BIO-TECHNE CORP | TECH | Health Care | 0.53% | 2244 | US09073M1045 |
| GRAHAM HOLDINGS CO | GHC | Consumer Discretionary | 0.53% | 1380 | US3846371041 |
| COHEN & STEERS INC | CNS | Financials | 0.52% | 10840 | US19247A1007 |
| MURPHY USA INC | MUSA | Consumer Discretionary | 0.51% | 3323 | US6267551025 |
| REYNOLDS CONSUMER PRODUCTS INC | REYN | Consumer Staples | 0.50% | 28476 | US76171L1061 |
| CASEY'S GENERAL STORES INC | CASY | Consumer Staples | 0.49% | 3777 | US1475281036 |
| IDACORP INC | IDA | Utilities | 0.46% | 6707 | US4511071064 |
| STURM RUGER & CO INC | RGR | Consumer Discretionary | 0.46% | 11101 | US8641591081 |
| NATIONAL FUEL GAS CO | NFG | Utilities | 0.44% | 9579 | US6361801011 |
| LPL FINANCIAL HOLDINGS INC | LPLA | Financials | 0.43% | 3598 | US50212V1008 |
| VISHAY INTERTECHNOLOGY INC | VSH | Information Technology | 0.43% | 33372 | US9282981086 |
| CABLE ONE INC | CABO | Communication Services | 0.41% | 520 | US12685J1051 |
| HAMILTON LANE INC | HLNE | Financials | 0.41% | 9707 | US4074971064 |
| WD-40 CO | WDFC | Consumer Staples | 0.40% | 3427 | US9292361071 |
| PROGRESS SOFTWARE CORP | PRGS | Information Technology | 0.39% | 12854 | US7433121008 |
| STANDARD MOTOR PRODUCTS INC | SMP | Consumer Discretionary | 0.39% | 15818 | US8536661056 |
| FRANKLIN ELECTRIC CO INC | FELE | Industrials | 0.38% | 8219 | US3535141028 |
| ESSENTIAL UTILITIES INC | WTRG | Utilities | 0.37% | 12416 | US29670G1022 |
| OSHKOSH CORP | OSK | Industrials | 0.35% | 6005 | US6882392011 |
| POLARIS INC | PII | Consumer Discretionary | 0.34% | 5268 | US7310681025 |
| SIMPSON MANUFACTURING CO INC | SSD | Industrials | 0.34% | 5161 | US8290731053 |
| CARTER'S INC | CRI | Consumer Discretionary | 0.33% | 6808 | US1462291097 |
| WERNER ENTERPRISES INC | WERN | Industrials | 0.33% | 12590 | US9507551086 |
| TOOTSIE ROLL INDUSTRIES INC | TR | Consumer Staples | 0.32% | 15214 | US8905161076 |
| ACUSHNET HOLDINGS CORP | GOLF | Consumer Discretionary | 0.30% | 11673 | US0050981085 |
| ITT INC | ITT | Industrials | 0.30% | 6681 | US45073V1089 |
| WEIS MARKETS INC | WMK | Consumer Staples | 0.30% | 6332 | US9488491047 |
| COLUMBIA SPORTSWEAR CO | COLM | Consumer Discretionary | 0.29% | 5994 | US1985161066 |
| LEAR CORP | LEA | Consumer Discretionary | 0.29% | 3356 | US5218652049 |
| NRG ENERGY INC | NRG | Utilities | 0.29% | 9625 | US6293775085 |
| ONE GAS INC | OGS | Utilities | 0.29% | 5170 | US68235P1084 |
| POWER INTEGRATIONS INC | POWI | Information Technology | 0.29% | 5363 | US7392761034 |
| MGIC INVESTMENT CORP | MTG | Financials | 0.28% | 32178 | US5528481030 |
| SOUTHWEST GAS HOLDINGS INC | SWX | Utilities | 0.28% | 4635 | US8448951025 |
| SPIRE INC | SR | Utilities | 0.28% | 5766 | US84857L1017 |
| MGE ENERGY INC | MGEE | Utilities | 0.26% | 5058 | US55277P1049 |
| VECTOR GROUP LTD | VGR | Consumer Staples | 0.26% | 33398 | US92240M1080 |
| ENNIS INC | EBF | Industrials | 0.24% | 21168 | US2933891028 |
| MDC HOLDINGS INC | MDC | Consumer Discretionary | 0.24% | 10368 | US5526761086 |
| NEW YORK TIMES CO/THE | NYT | Communication Services | 0.24% | 10630 | US6501111073 |
| ONEMAIN HOLDINGS INC | OMF | Financials | 0.24% | 8635 | US68268W1036 |
| OTTER TAIL CORP | OTTR | Utilities | 0.24% | 5870 | US6896481032 |
| HAWAIIAN ELECTRIC INDUSTRIES INC | HE | Utilities | 0.23% | 8585 | US4198701009 |
| AMERICAN STATES WATER CO | AWR | Utilities | 0.22% | 4270 | US0298991011 |
| NEW JERSEY RESOURCES CORP | NJR | Utilities | 0.22% | 7536 | US6460251068 |
| BLACK HILLS CORP | BKH | Utilities | 0.21% | 4269 | US0921131092 |
| UNIFIRST CORP/MA | UNF | Industrials | 0.21% | 1986 | US9047081040 |
| ALLETE INC | ALE | Utilities | 0.20% | 5173 | US0185223007 |
| J & J SNACK FOODS CORP | JJSF | Consumer Staples | 0.20% | 2486 | US4660321096 |
| NORTHWESTERN CORP | NWE | Utilities | 0.19% | 4838 | US6680743050 |
| PNM RESOURCES INC | PNM | Utilities | 0.17% | 5451 | US69349H1077 |
| HEALTHCARE SERVICES GROUP INC | HCSG | Industrials | 0.16% | 14319 | US4219061086 |
| CASH | 0.04% | 57008.8 |
Sector Allocation
| Sector | Weight |
|---|---|
| Financials | 21.42% |
| Industrials | 19.89% |
| Information Technology | 19.39% |
| Consumer Discretionary | 12.17% |
| Consumer Staples | 9.93% |
| Health Care | 6.90% |
| Utilities | 6.35% |
| Communication Services | 3.97% |
Distributions
| Ex-Dividend | Record | Payable | Distribution Per Share |
|---|---|---|---|
| 04/28/2022 | 04/29/2022 | 05/03/2022 | 0.038743 |
| 03/29/2022 | 03/30/2022 | 04/01/2022 | 0.057923 |
| 02/24/2022 | 02/25/2022 | 03/01/2022 | 0.041197 |
| 01/27/2022 | 01/28/2022 | 02/01/2022 | 0.025745 |
| 12/29/2021 | 12/30/2021 | 01/03/2022 | 0.106011 |
| 11/29/2021 | 11/30/2021 | 12/02/2021 | 0.051236 |
| 10/28/2021 | 10/29/2021 | 11/02/2021 | 0.041538 |
| 09/29/2021 | 09/30/2021 | 10/04/2021 | 0.067294 |
| 08/30/2021 | 08/31/2021 | 09/02/2021 | 0.045695 |
| 07/29/2021 | 07/30/2021 | 08/03/2021 | 0.045422 |
| 06/29/2021 | 06/30/2021 | 07/02/2021 | 0.054012 |
| 05/27/2021 | 05/28/2021 | 06/02/2021 | 0.037318 |
| 04/29/2021 | 04/30/2021 | 05/04/2021 | 0.022500 |
| 03/29/2021 | 03/30/2021 | 04/01/2021 | 0.040077 |
| 02/25/2021 | 02/26/2021 | 03/02/2021 | 0.032011 |
| 01/28/2021 | 01/29/2021 | 02/02/2021 | 0.034048 |
| 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 |
| Date | Days | < -0.5% | -0.5% to 0% | 0 | 0% to 0.5% | > 0.5% |
|---|---|---|---|---|---|---|
| 2022 | ||||||
| 3/31/2022 | 62 | 0 | 19 | 0 | 43 | 0 |
| 2021 | 252 | 0 | 82 | 1 | 169 | 0 |
| 2020 | 253 | 5 | 107 | 0 | 140 | 1 |
| 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 Resources
OUSM Research & News
The “R” Word. Should Investors Choose Dividend Growers or Value?
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Webcast Replay: Strategies Seeking to Beat Inflation and Protect Portfolios Against Recessions
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Kevin O’Leary’s Family Wealth Portfolio
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Our Next Livestream Starts In
O’Shares Livestreams are usually on Thursdays at 11AM ET. Topics include current market investment themes and internet and dividend related research.