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  | 1.74% (as of 3/31/2021) |
| Market Data as of | 05/05/2021 |
|---|---|
| NAV Price | $35.56 |
| NAV Price Change | -$0.07 |
| Market Price | $35.58 |
| Market Price Change | -$0.06 |
| 30 Day Median Bid/Ask Spread | 0.08% (as of 05/04/2021) |
| Premium/Discount | 0.03% (as of 05/04/2021) |
| Shares Outstanding | 4,054,000.000 |
| Volume | 12,870 |
| Total Net Assets | $144,171,107.01 |
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 3/31/2021)
| QTD | YTD | 1 YR | 3 YR | SI | |
|---|---|---|---|---|---|
| NAV | 9.94% | 9.94% | 64.85% | 11.90% | 9.95% |
| Market Value | 9.91% | 9.91% | 64.90% | 11.91% | 9.96% |
QUARTERLY PERFORMANCE (AS OF 3/31/2020)
| QTD | YTD | 1 YR | 3 YR | SI | |
|---|---|---|---|---|---|
| NAV | 9.94% | 9.94% | 64.85% | 11.90% | 9.95% |
| Market Value | 9.91% | 9.91% | 64.90% | 11.91% | 9.96% |
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 05/05/2021) | Ticker | Sector | Fund Weight | Quantity | CUSIP/ISIN |
|---|---|---|---|---|---|
| Interpublic Group of Cos Inc/T | IPG US | Communication Services | 2.968% | 131,126.00 | 460690100 |
| Robert Half International Inc | RHI US | Industrials | 2.694% | 43,580.00 | 770323103 |
| Bio-Techne Corp | TECH US | Health Care | 2.606% | 9,018.00 | 09073M104 |
| Snap-on Inc | SNA US | Industrials | 2.560% | 15,041.00 | 833034101 |
| Dolby Laboratories Inc | DLB US | Information Technology | 2.307% | 34,306.00 | 25659T107 |
| A O Smith Corp | AOS US | Industrials | 2.267% | 45,908.00 | 831865209 |
| MSC Industrial Direct Co Inc | MSM US | Industrials | 2.263% | 35,208.00 | 553530106 |
| Toro Co/The | TTC US | Industrials | 2.190% | 27,205.00 | 891092108 |
| Fidelity National Financial In | FNF US | Financials | 2.138% | 67,312.00 | 31620R303 |
| FLIR Systems Inc | FLIR US | Information Technology | 2.097% | 51,529.00 | 302445101 |
| Gentex Corp | GNTX US | Consumer Discretionary | 2.064% | 84,335.00 | 371901109 |
| Whirlpool Corp | WHR US | Consumer Discretionary | 2.063% | 12,049.00 | 963320106 |
| Encompass Health Corp | EHC US | Health Care | 2.053% | 34,968.00 | 29261A100 |
| Graco Inc | GGG US | Industrials | 2.023% | 37,617.00 | 384109104 |
| MAXIMUS Inc | MMS US | Information Technology | 1.980% | 30,962.00 | 577933104 |
| Watsco Inc | WSO US | Industrials | 1.975% | 9,582.00 | 942622200 |
| Service Corp International/US | SCI US | Consumer Discretionary | 1.969% | 50,876.00 | 817565104 |
| First American Financial Corp | FAF US | Financials | 1.907% | 42,166.00 | 31847R102 |
| National HealthCare Corp | NHC US | Health Care | 1.807% | 36,309.00 | 635906100 |
| Ingredion Inc | INGR US | Consumer Staples | 1.765% | 27,717.00 | 457187102 |
| Houlihan Lokey Inc | HLI US | Financials | 1.754% | 38,089.00 | 441593100 |
| National Instruments Corp | NATI US | Information Technology | 1.736% | 63,062.00 | 636518102 |
| Flowers Foods Inc | FLO US | Consumer Staples | 1.587% | 93,933.00 | 343498101 |
| Evercore Inc | EVR US | Financials | 1.566% | 15,798.00 | 29977A105 |
| Genpact Ltd | G US | Information Technology | 1.555% | 47,531.00 | G3922B107 |
| CDK Global Inc | CDK US | Information Technology | 1.485% | 39,652.00 | 12508E101 |
| Erie Indemnity Co | ERIE US | Financials | 1.467% | 10,009.00 | 29530P102 |
| Hill-Rom Holdings Inc | HRC US | Health Care | 1.410% | 18,790.00 | 431475102 |
| Leggett & Platt Inc | LEG US | Consumer Discretionary | 1.387% | 35,729.00 | 524660107 |
| Donaldson Co Inc | DCI US | Industrials | 1.379% | 31,411.00 | 257651109 |
| Lancaster Colony Corp | LANC US | Consumer Staples | 1.366% | 10,580.00 | 513847103 |
| Monolithic Power Systems Inc | MPWR US | Information Technology | 1.326% | 5,660.00 | 609839105 |
| FirstCash Inc | FCFS US | Financials | 1.182% | 23,895.00 | 33767D105 |
| Premier Inc | PINC US | Health Care | 1.181% | 47,898.00 | 74051N102 |
| Cogent Communications Holdings | CCOI US | Communication Services | 1.171% | 21,756.00 | 19239V302 |
| Artisan Partners Asset Managem | APAM US | Financials | 1.133% | 30,047.00 | 04316A108 |
| Lazard Ltd | LAZ US | Financials | 0.990% | 31,033.00 | G54050102 |
| Moelis & Co | MC US | Financials | 0.953% | 24,728.00 | 60786M105 |
| ManTech International Corp/VA | MANT US | Information Technology | 0.939% | 16,318.00 | 564563104 |
| Morningstar Inc | MORN US | Financials | 0.916% | 5,005.00 | 617700109 |
| Safety Insurance Group Inc | SAFT US | Financials | 0.903% | 15,739.00 | 78648T100 |
| BorgWarner Inc | BWA US | Consumer Discretionary | 0.880% | 24,817.00 | 099724106 |
| UGI Corp | UGI US | Utilities | 0.822% | 26,682.00 | 902681105 |
| MDU Resources Group Inc | MDU US | Utilities | 0.798% | 33,843.00 | 552690109 |
| Xerox Holdings Corp | XRX US | Information Technology | 0.795% | 48,007.00 | 98421M106 |
| WD-40 Co | WDFC US | Consumer Staples | 0.791% | 4,720.00 | 929236107 |
| Stewart Information Services C | STC US | Financials | 0.761% | 18,200.00 | 860372101 |
| CSG Systems International Inc | CSGS US | Information Technology | 0.739% | 23,196.00 | 126349109 |
| Exponent Inc | EXPO US | Industrials | 0.724% | 11,045.00 | 30214U102 |
| J & J Snack Foods Corp | JJSF US | Consumer Staples | 0.710% | 6,149.00 | 466032109 |
| Graham Holdings Co | GHC US | Consumer Discretionary | 0.665% | 1,537.00 | 384637104 |
| Portland General Electric Co | POR US | Utilities | 0.661% | 19,161.00 | 736508847 |
| Hanesbrands Inc | HBI US | Consumer Discretionary | 0.657% | 43,248.00 | 410345102 |
| Brady Corp | BRC US | Industrials | 0.657% | 17,226.00 | 104674106 |
| Carter's Inc | CRI US | Consumer Discretionary | 0.651% | 8,516.00 | 146229109 |
| Littelfuse Inc | LFUS US | Information Technology | 0.629% | 3,489.00 | 537008104 |
| Science Applications Internati | SAIC US | Information Technology | 0.620% | 10,019.00 | 808625107 |
| Casey's General Stores Inc | CASY US | Consumer Staples | 0.611% | 3,960.00 | 147528103 |
| Williams-Sonoma Inc | WSM US | Consumer Discretionary | 0.586% | 4,815.00 | 969904101 |
| IDACORP Inc | IDA US | Utilities | 0.582% | 8,262.00 | 451107106 |
| Cohen & Steers Inc | CNS US | Financials | 0.581% | 12,018.00 | 19247A100 |
| Lear Corp | LEA US | Consumer Discretionary | 0.524% | 4,019.00 | 521865204 |
| MDC Holdings Inc | MDC US | Consumer Discretionary | 0.523% | 12,525.00 | 552676108 |
| Landstar System Inc | LSTR US | Industrials | 0.513% | 4,181.00 | 515098101 |
| Tetra Tech Inc | TTEK US | Industrials | 0.512% | 5,952.00 | 88162G103 |
| MSA Safety Inc | MSA US | Industrials | 0.504% | 4,472.00 | 553498106 |
| Radian Group Inc | RDN US | Financials | 0.499% | 30,558.00 | 750236101 |
| Hamilton Lane Inc | HLNE US | Financials | 0.478% | 7,579.00 | 407497106 |
| Badger Meter Inc | BMI US | Information Technology | 0.464% | 7,278.00 | 056525108 |
| Watts Water Technologies Inc | WTS US | Industrials | 0.456% | 5,109.00 | 942749102 |
| Progress Software Corp | PRGS US | Information Technology | 0.447% | 14,706.00 | 743312100 |
| Tootsie Roll Industries Inc | TR US | Consumer Staples | 0.437% | 19,753.00 | 890516107 |
| Simpson Manufacturing Co Inc | SSD US | Industrials | 0.437% | 5,455.00 | 829073105 |
| AMERISAFE Inc | AMSF US | Financials | 0.434% | 9,657.00 | 03071H100 |
| Virtu Financial Inc | VIRT US | Financials | 0.430% | 22,276.00 | 928254101 |
| ONE Gas Inc | OGS US | Utilities | 0.425% | 7,886.00 | 68235P108 |
| Vector Group Ltd | VGR US | Consumer Staples | 0.418% | 45,690.00 | 92240M108 |
| ALLETE Inc | ALE US | Utilities | 0.416% | 8,586.00 | 018522300 |
| Healthcare Services Group Inc | HCSG US | Industrials | 0.406% | 19,737.00 | 421906108 |
| Federated Hermes Inc | FHI US | Financials | 0.398% | 17,983.00 | 314211103 |
| ITT Inc | ITT US | Industrials | 0.392% | 5,872.00 | 45073V108 |
| Kemper Corp | KMPR US | Financials | 0.376% | 6,970.00 | 488401100 |
| Universal Corp/VA | UVV US | Consumer Staples | 0.374% | 9,369.00 | 913456109 |
| Weis Markets Inc | WMK US | Consumer Staples | 0.364% | 9,976.00 | 948849104 |
| Hawaiian Electric Industries I | HE US | Utilities | 0.363% | 12,189.00 | 419870100 |
| InterDigital Inc | IDCC US | Information Technology | 0.358% | 7,542.00 | 45867G101 |
| New Jersey Resources Corp | NJR US | Utilities | 0.357% | 12,240.00 | 646025106 |
| Ennis Inc | EBF US | Industrials | 0.348% | 23,708.00 | 293389102 |
| NorthWestern Corp | NWE US | Utilities | 0.342% | 7,283.00 | 668074305 |
| New York Times Co/The | NYT US | Communication Services | 0.330% | 11,009.00 | 650111107 |
| National Fuel Gas Co | NFG US | Utilities | 0.313% | 8,942.00 | 636180101 |
| Black Hills Corp | BKH US | Utilities | 0.279% | 5,973.00 | 092113109 |
| Franklin Electric Co Inc | FELE US | Industrials | 0.272% | 4,570.00 | 353514102 |
| Otter Tail Corp | OTTR US | Utilities | 0.216% | 6,570.00 | 689648103 |
| Avista Corp | AVA US | Utilities | 0.216% | 6,700.00 | 05379B107 |
| American States Water Co | AWR US | Utilities | 0.206% | 3,761.00 | 029899101 |
| Spire Inc | SR US | Utilities | 0.200% | 3,834.00 | 84857L101 |
| PNM Resources Inc | PNM US | Utilities | 0.198% | 5,770.00 | 69349H107 |
| UniFirst Corp/MA | UNF US | Industrials | 0.196% | 1,283.00 | 904708104 |
| Southwest Gas Holdings Inc | SWX US | Utilities | 0.168% | 3,502.00 | 844895102 |
| MGE Energy Inc | MGEE US | Utilities | 0.122% | 2,384.00 | 55277P104 |
| Chesapeake Utilities Corp | CPK US | Utilities | 0.120% | 1,474.00 | 165303108 |
| USD CURNCY | USD CURNCY | 0.086% | 124,136.97 | ||
| Northwest Natural Holding Co | NWN US | Utilities | 0.083% | 2,205.00 | 66765N105 |
Sector Allocation
AS OF 3/31/2021
| Sector | Weight |
|---|---|
| Industrials | 23.57% |
| Financials | 18.59% |
| Information Technology | 17.1% |
| Consumer Discretionary | 11.37% |
| Health Care | 9.24% |
| Consumer Staples | 8.86% |
| Utilities | 6.92% |
| Communication Services | 4.24% |
| Cash | 0.12% |
Distributions
| Ex-Dividend | Record | Payable | Distribution Per Share |
|---|---|---|---|
| 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 |
