O’Shares begun trading the O’Shares FTSE US Quality Dividend ETF (NYSEArca: OUSA) on Tuesday, July 14, 2015.
FUND INFORMATION:
| Symbol: OUSA | Exchange: NYSE Arca |
| Name: O’Shares FTSE US Quality Dividend ETF | Net Expense Ratio: 0.48% |
FUND OBJECTIVE:
The O’Shares FTSE US Quality Dividend ETF seeks to track the performance (before fees and expenses) of its target index, the FTSE US Qual/Vol/Yield Factor 5% Capped Index.
REFERENCE INDEX:
The FTSE US Qual/Vol/Yield Factor 5% Capped 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 FTSE-Russell (Index Provider). The high quality and low volatility requirements are designed to reduce exposure to high dividend equities that have experienced large price declines, as may occur with some dividend investing strategies.
The constituents of the Index are selected from the FTSE USA Index, comprised of 600 of the largest U.S. publicly-listed equities, that had an average market capitalization of $56 billion and minimum market capitalization of over $750 million as of June 23, 2015. The Index Provider selects and weights securities for the Index based on a proprietary approach that combines the following 3 factors:
1) high quality, including measures of profitability, operating efficiency, earnings quality and leverage,
2) low volatility, and
3) high dividend yield for the twelve months preceding each annual reconstitution.
Individual index constituent weights are capped at 5% at each quarterly rebalance to avoid overexposure to any single security, and are tested for liquidity semi-annually. The Index’s investable universe includes real estate investment trusts (REITs).
Top 10 Holdings (07/14/15):
| Johnson & Johnson | 5.03% |
| Exxon Mobil Corp. | 5.03% |
| Apple Inc. | 5.01% |
| AT&T | 3.79% |
| Microsoft Corp. | 3.75% |
| Verizon Comm. | 3.72% |
| Pfizer | 3.23% |
| Proctor & Gamble | 3.08% |
| Philip Morris Intl. | 2.94% |
| Chevron | 2.73% |
Sector Overview (07/14/15):
| Consumer Goods | 17.5% |
| Health Care | 17.1% |
| Technology | 13.9% |
| Industrials | 11.2% |
| Oil & Gas | 10.3% |
| Consumer Services | 9.6% |
| Telecom | 7.7% |
| Utilities | 6.9% |
| Financials | 4.5% |
| Basic Materials | 1.3% |
Useful Links:
OUSA Home Page
Category: Equities> Regions> USA> US Income> US Dividends
ETFtrack comment:
O’Shares was formed by Connor O’Brien, CEO, and ABC Shark Tank investor and CNBC contributor Kevin O’Leary, Chairman, who together also co-found-ed O’Leary Funds, an investment fund manager focused on income, capital appreciation and wealth preservation that has grown to approximately $900 million in assets under management.