OSI ETF Trust
O'Shares FTSE U.S. Quality Dividend ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS - 99.7% | ||||||||
Aerospace & Defense - 2.2% | ||||||||
Boeing Co. (The) | 25,715 | 3,835,135 | ||||||
Huntington Ingalls Industries, Inc. | 1,598 | 291,172 | ||||||
Lockheed Martin Corp. | 11,502 | 3,898,603 | ||||||
Raytheon Co. | 15,883 | 2,083,055 | ||||||
10,107,965 | ||||||||
Air Freight & Logistics - 1.2% | ||||||||
CH Robinson Worldwide, Inc. | 9,926 | 657,101 | ||||||
Expeditors International of Washington, Inc. | 7,166 | 478,115 | ||||||
United Parcel Service, Inc., Class B | 48,109 | 4,494,343 | ||||||
5,629,559 | ||||||||
Auto Components - 0.1% | ||||||||
Autoliv, Inc. | 3,099 | 142,585 | ||||||
Gentex Corp. | 10,556 | 233,921 | ||||||
Lear Corp. | 2,576 | 209,300 | ||||||
585,806 | ||||||||
Beverages - 5.0% | ||||||||
Coca-Cola Co. (The) | 207,773 | 9,193,955 | ||||||
Coca-Cola European Partners plc | 8,979 | 336,982 | ||||||
Molson Coors Beverage Co., Class B | 6,197 | 241,745 | ||||||
PepsiCo, Inc. | 112,437 | 13,503,684 | ||||||
23,276,366 | ||||||||
Biotechnology - 4.2% | ||||||||
AbbVie, Inc. | 83,819 | 6,386,170 | ||||||
Amgen, Inc. | 39,468 | 8,001,348 | ||||||
Gilead Sciences, Inc. | 64,931 | 4,854,241 | ||||||
19,241,759 | ||||||||
Capital Markets - 1.0% | ||||||||
Franklin Resources, Inc. | 45,912 | 766,271 | ||||||
T. Rowe Price Group, Inc. | 39,974 | 3,903,461 | ||||||
4,669,732 | ||||||||
Chemicals - 1.1% | ||||||||
Air Products & Chemicals, Inc. | 11,993 | 2,393,923 | ||||||
Celanese Corp. | 5,041 | 369,959 | ||||||
Dow, Inc. | 32,132 | 939,539 | ||||||
Eastman Chemical Co. | 5,046 | 235,043 | ||||||
LyondellBasell Industries NV, Class A | 11,717 | 581,515 | ||||||
PPG Industries, Inc. | 9,243 | 772,715 | ||||||
5,292,694 | ||||||||
Commercial Services & Supplies - 0.4% | ||||||||
Rollins, Inc. | 5,175 | 187,024 | ||||||
Waste Management, Inc. | 16,205 | 1,499,935 | ||||||
1,686,959 | ||||||||
Communications Equipment - 2.9% | ||||||||
Cisco Systems, Inc. | 344,073 | 13,525,510 | ||||||
Containers & Packaging - 0.3% | ||||||||
Avery Dennison Corp. | 3,308 | 336,986 | ||||||
International Paper Co. | 17,119 | 532,915 | ||||||
Packaging Corp. of America | 3,862 | 335,337 | ||||||
1,205,238 | ||||||||
Distributors - 0.2% | ||||||||
Genuine Parts Co. | 11,328 | 762,714 | ||||||
Diversified Telecommunication Services - 5.1% | ||||||||
AT&T, Inc. | 321,203 | 9,363,067 | ||||||
Verizon Communications, Inc. | 268,730 | 14,438,863 | ||||||
23,801,930 | ||||||||
Electric Utilities - 3.3% | ||||||||
Alliant Energy Corp. | 8,756 | 422,827 | ||||||
American Electric Power Co., Inc. | 24,921 | 1,993,182 | ||||||
Avangrid, Inc. | 2,946 | 128,976 | ||||||
Duke Energy Corp. | 37,013 | 2,993,611 | ||||||
Edison International | 12,731 | 697,531 | ||||||
Entergy Corp. | 8,456 | 794,610 | ||||||
Eversource Energy | 13,261 | 1,037,143 | ||||||
Exelon Corp. | 49,534 | 1,823,347 | ||||||
Pinnacle West Capital Corp. | 6,081 | 460,879 | ||||||
PPL Corp. | 41,612 | 1,026,984 | ||||||
Southern Co. (The) | 53,084 | 2,873,968 | ||||||
Xcel Energy, Inc. | 20,910 | 1,260,873 | ||||||
15,513,931 | ||||||||
Electrical Equipment - 1.1% | ||||||||
Eaton Corp. plc | 25,453 | 1,977,444 | ||||||
Emerson Electric Co. | 40,322 | 1,921,343 | ||||||
Rockwell Automation, Inc. | 7,840 | 1,183,134 | ||||||
5,081,921 | ||||||||
Electronic Equipment, Instruments & Components - 0.2% | ||||||||
TE Connectivity Ltd. | 16,522 | 1,040,556 | ||||||
Equity Real Estate Investment Trusts (REITs) - 4.7% | ||||||||
AvalonBay Communities, Inc. | 13,985 | 2,058,172 | ||||||
Duke Realty Corp. | 28,708 | 929,565 | ||||||
Extra Space Storage, Inc. | 10,533 | 1,008,640 | ||||||
Healthpeak Properties, Inc. | 64,533 | 1,539,112 | ||||||
Host Hotels & Resorts, Inc. | 121,851 | 1,345,235 | ||||||
Kimco Realty Corp. | 32,244 | 311,799 | ||||||
Park Hotels & Resorts, Inc. | 27,300 | 215,943 | ||||||
Prologis, Inc. | 50,097 | 4,026,296 | ||||||
Public Storage | 32,320 | 6,419,075 | ||||||
Simon Property Group, Inc. | 59,139 | 3,244,366 | ||||||
WP Carey, Inc. | 14,409 | 836,875 | ||||||
21,935,078 | ||||||||
Food & Staples Retailing - 0.8% | ||||||||
Sysco Corp. | 22,848 | 1,042,554 | ||||||
Walgreens Boots Alliance, Inc. | 52,758 | 2,413,679 | ||||||
3,456,233 | ||||||||
Food Products - 0.8% | ||||||||
General Mills, Inc. | 31,231 | 1,648,060 | ||||||
Hormel Foods Corp. | 16,423 | 765,969 | ||||||
Ingredion, Inc. | 4,349 | 328,349 | ||||||
JM Smucker Co. (The) | 4,210 | 467,310 |
OSI ETF Trust
O'Shares FTSE U.S. Quality Dividend ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Kellogg Co. | 10,127 | 607,519 | ||||||
3,817,207 | ||||||||
Gas Utilities - 0.1% | ||||||||
Atmos Energy Corp. | 4,349 | 431,551 | ||||||
Health Care Equipment & Supplies - 1.0% | ||||||||
Medtronic plc | 52,597 | 4,743,197 | ||||||
Health Care Providers & Services - 2.1% | ||||||||
Cardinal Health, Inc. | 14,440 | 692,254 | ||||||
UnitedHealth Group, Inc. | 36,330 | 9,059,975 | ||||||
9,752,229 | ||||||||
Hotels, Restaurants & Leisure - 2.6% | ||||||||
Carnival Corp. | 22,549 | 296,970 | ||||||
Darden Restaurants, Inc. | 9,484 | 516,499 | ||||||
McDonald's Corp. | 38,902 | 6,432,446 | ||||||
Starbucks Corp. | 58,443 | 3,842,043 | ||||||
Vail Resorts, Inc. | 1,718 | 253,766 | ||||||
Yum! Brands, Inc. | 12,369 | 847,647 | ||||||
12,189,371 | ||||||||
Household Durables - 0.2% | ||||||||
Garmin Ltd. | 10,216 | 765,791 | ||||||
Leggett & Platt, Inc. | 10,167 | 271,256 | ||||||
1,037,047 | ||||||||
Household Products - 6.3% | ||||||||
Clorox Co. (The) | 9,724 | 1,684,683 | ||||||
Colgate-Palmolive Co. | 65,806 | 4,366,886 | ||||||
Kimberly-Clark Corp. | 29,238 | 3,738,663 | ||||||
Procter & Gamble Co. (The) | 178,355 | 19,619,050 | ||||||
29,409,282 | ||||||||
Industrial Conglomerates - 2.6% | ||||||||
3M Co. | 49,382 | 6,741,137 | ||||||
Honeywell International, Inc. | 39,559 | 5,292,598 | ||||||
12,033,735 | ||||||||
Insurance - 1.2% | ||||||||
Fidelity National Financial, Inc. | 30,484 | 758,442 | ||||||
Marsh & McLennan Cos., Inc. | 54,616 | 4,722,099 | ||||||
5,480,541 | ||||||||
IT Services - 3.7% | ||||||||
Accenture plc, Class A | 31,869 | 5,202,933 | ||||||
Amdocs Ltd. | 7,270 | 399,632 | ||||||
Automatic Data Processing, Inc. | 25,265 | 3,453,220 | ||||||
International Business Machines Corp. | 41,951 | 4,653,624 | ||||||
Paychex, Inc. | 32,444 | 2,041,377 | ||||||
Western Union Co. (The) | 78,500 | 1,423,205 | ||||||
17,173,991 | ||||||||
Machinery - 1.5% | ||||||||
Cummins, Inc. | 12,851 | 1,738,997 | ||||||
Dover Corp. | 5,518 | 463,181 | ||||||
Illinois Tool Works, Inc. | 24,442 | 3,473,697 | ||||||
PACCAR, Inc. | 12,744 | 779,041 | ||||||
Pentair plc | 7,278 | 216,593 | ||||||
Snap-on, Inc. | 3,724 | 405,246 | ||||||
7,076,755 | ||||||||
Media - 0.1% | ||||||||
Omnicom Group, Inc. | 10,966 | 602,033 | ||||||
Metals & Mining - 0.1% | ||||||||
Nucor Corp. | 11,842 | 426,549 | ||||||
Multi-Utilities - 2.1% | ||||||||
Ameren Corp. | 11,128 | 810,452 | ||||||
CenterPoint Energy, Inc. | 32,672 | 504,782 | ||||||
CMS Energy Corp. | 10,810 | 635,088 | ||||||
Consolidated Edison, Inc. | 14,606 | 1,139,268 | ||||||
Dominion Energy, Inc. | 44,162 | 3,188,055 | ||||||
DTE Energy Co. | 9,430 | 895,567 | ||||||
Public Service Enterprise Group, Inc. | 25,471 | 1,143,903 | ||||||
WEC Energy Group, Inc. | 13,731 | 1,210,113 | ||||||
9,527,228 | ||||||||
Oil, Gas & Consumable Fuels - 7.1% | ||||||||
Chevron Corp. | 159,457 | 11,554,254 | ||||||
Exxon Mobil Corp. | 487,041 | 18,492,947 | ||||||
Occidental Petroleum Corp. | 63,944 | 740,472 | ||||||
Phillips 66 | 23,630 | 1,267,749 | ||||||
Valero Energy Corp. | 16,146 | 732,383 | ||||||
32,787,805 | ||||||||
Pharmaceuticals - 14.2% | ||||||||
Bristol-Myers Squibb Co. | 104,748 | 5,838,653 | ||||||
Eli Lilly & Co. | 52,973 | 7,348,415 | ||||||
Johnson & Johnson | 181,799 | 23,839,303 | ||||||
Merck & Co., Inc. | 178,252 | 13,714,709 | ||||||
Pfizer, Inc. | 456,364 | 14,895,721 | ||||||
65,636,801 | ||||||||
Professional Services - 0.1% | ||||||||
Robert Half International, Inc. | 6,019 | 227,217 | ||||||
Road & Rail - 1.1% | ||||||||
Union Pacific Corp. | 34,360 | 4,846,134 | ||||||
Semiconductors & Semiconductor Equipment - 4.5% | ||||||||
Intel Corp. | 251,569 | 13,614,915 | ||||||
Maxim Integrated Products, Inc. | 17,115 | 831,960 | ||||||
Texas Instruments, Inc. | 63,439 | 6,339,459 | ||||||
20,786,334 | ||||||||
Software - 0.9% | ||||||||
Oracle Corp. | 82,394 | 3,982,102 | ||||||
Specialty Retail - 4.7% | ||||||||
Home Depot, Inc. (The) | 80,551 | 15,039,677 | ||||||
Lowe's Cos., Inc. | 30,480 | 2,622,804 | ||||||
Tiffany & Co. | 4,380 | 567,210 | ||||||
TJX Cos., Inc. (The) | 72,924 | 3,486,497 | ||||||
21,716,188 |
OSI ETF Trust
O'Shares FTSE U.S. Quality Dividend ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Technology Hardware, Storage& Peripherals - 5.0% | ||||||||
Apple, Inc. | 87,829 | 22,334,037 | ||||||
HP, Inc. | 60,567 | 1,051,443 | ||||||
23,385,480 | ||||||||
Textiles, Apparel & Luxury Goods - 0.2% | ||||||||
Tapestry, Inc. | 10,525 | 136,299 | ||||||
VF Corp. | 16,325 | 882,856 | ||||||
1,019,155 | ||||||||
Tobacco - 3.5% | ||||||||
Altria Group, Inc. | 151,147 | 5,844,855 | ||||||
Philip Morris International, Inc. | 143,493 | 10,469,249 | ||||||
16,314,104 | ||||||||
Trading Companies & Distributors - 0.2% | ||||||||
Fastenal Co. | 35,441 | 1,107,531 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $535,889,326) | 462,323,518 | |||||||
Total Investments - 99.7% | ||||||||
(Cost $535,889,326) | 462,323,518 | |||||||
Other Assets Less Liabilities - 0.3% | 1,598,554 | |||||||
Net Assets - 100.0% | 463,922,072 |
OSI ETF Trust
O'Shares FTSE Russell Small Cap Quality Dividend ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS - 99.5% | ||||||||
Aerospace & Defense - 0.1% | ||||||||
National Presto Industries, Inc. | 1,272 | 90,070 | ||||||
Air Freight & Logistics - 0.2% | ||||||||
Forward Air Corp. | 3,328 | 168,563 | ||||||
Airlines - 0.0%(a) | ||||||||
Copa Holdings SA, Class A | 545 | 24,683 | ||||||
Hawaiian Holdings, Inc. | 775 | 8,091 | ||||||
32,774 | ||||||||
Auto Components - 0.4% | ||||||||
Cooper Tire & Rubber Co. | 4,619 | 75,290 | ||||||
Dana, Inc. | 10,995 | 85,871 | ||||||
Goodyear Tire & Rubber Co. (The) | 14,625 | 85,117 | ||||||
246,278 | ||||||||
Automobiles - 0.8% | ||||||||
Thor Industries, Inc. | 13,655 | 575,968 | ||||||
Banks - 3.2% | ||||||||
Bank of Hawaii Corp. | 2,109 | 116,501 | ||||||
Cadence Bancorp | 6,617 | 43,341 | ||||||
Cathay General Bancorp | 4,679 | 107,383 | ||||||
City Holding Co. | 849 | 56,484 | ||||||
Community Trust Bancorp, Inc. | 914 | 29,056 | ||||||
CVB Financial Corp. | 7,427 | 148,911 | ||||||
First Financial Bancorp | 5,485 | 81,781 | ||||||
First Hawaiian, Inc. | 7,254 | 119,909 | ||||||
First Horizon National Corp. | 16,319 | 131,531 | ||||||
First Merchants Corp. | 3,051 | 80,821 | ||||||
FNB Corp. | 17,563 | 129,439 | ||||||
Great Western Bancorp, Inc. | 3,053 | 62,526 | ||||||
Home BancShares, Inc. | 8,931 | 107,083 | ||||||
International Bancshares Corp. | 2,844 | 76,447 | ||||||
PacWest Bancorp | 8,748 | 156,764 | ||||||
S&T Bancorp, Inc. | 1,805 | 49,313 | ||||||
Sandy Spring Bancorp, Inc. | 2,050 | 46,412 | ||||||
Stock Yards Bancorp, Inc. | 1,108 | 32,054 | ||||||
Synovus Financial Corp. | 7,466 | 131,103 | ||||||
TCF Financial Corp. | 7,817 | 177,133 | ||||||
Umpqua Holdings Corp. | 12,714 | 138,583 | ||||||
United Bankshares, Inc. | 5,346 | 123,386 | ||||||
Washington Trust Bancorp, Inc. | 932 | 34,074 | ||||||
WesBanco, Inc. | 2,847 | 67,474 | ||||||
2,247,509 | ||||||||
Building Products - 3.4% | ||||||||
AO Smith Corp. | 29,585 | 1,118,609 | ||||||
Apogee Enterprises, Inc. | 1,625 | 33,833 | ||||||
Lennox International, Inc. | 4,371 | 794,604 | ||||||
Simpson Manufacturing Co., Inc. | 7,540 | 467,329 | ||||||
2,414,375 | ||||||||
Capital Markets - 9.8% | ||||||||
Artisan Partners Asset Management, Inc., Class A | 19,426 | 417,465 | ||||||
BGC Partners, Inc., Class A | 55,932 | 140,949 | ||||||
Brightsphere Investment Group, Inc. | 20,226 | 129,244 | ||||||
Cohen & Steers, Inc. | 6,592 | 299,606 | ||||||
Eaton Vance Corp. | 36,819 | 1,187,413 | ||||||
Evercore, Inc., Class A | 11,368 | 523,610 | ||||||
FactSet Research Systems, Inc. | 4,045 | 1,054,451 | ||||||
Federated Hermes, Inc., Class B | 32,207 | 613,543 | ||||||
Janus Henderson Group plc | 40,308 | 617,519 | ||||||
Lazard Ltd., Class A | 35,162 | 828,417 | ||||||
LPL Financial Holdings, Inc. | 6,503 | 353,958 | ||||||
Moelis & Co., Class A | 16,220 | 455,782 | ||||||
Virtu Financial, Inc., Class A | 4,336 | 90,275 | ||||||
Waddell & Reed Financial, Inc., Class A | 21,348 | 242,940 | ||||||
6,955,172 | ||||||||
Chemicals - 3.9% | ||||||||
Cabot Corp. | 9,555 | 249,577 | ||||||
HB Fuller Co. | 3,058 | 85,410 | ||||||
Huntsman Corp. | 30,944 | 446,522 | ||||||
Innospec, Inc. | 1,590 | 110,489 | ||||||
NewMarket Corp. | 770 | 294,810 | ||||||
Olin Corp. | 17,230 | 201,074 | ||||||
Orion Engineered Carbons SA | 4,532 | 33,809 | ||||||
PolyOne Corp. | 6,803 | 129,053 | ||||||
Quaker Chemical Corp. | 976 | 123,249 | ||||||
RPM International, Inc. | 8,541 | 508,189 | ||||||
Sensient Technologies Corp. | 2,581 | 112,299 | ||||||
Tredegar Corp. | 4,375 | 68,381 | ||||||
Trinseo SA | 3,272 | 59,256 | ||||||
Valvoline, Inc. | 26,640 | 348,718 | ||||||
2,770,836 | ||||||||
Commercial Services & Supplies - 4.7% | ||||||||
ABM Industries, Inc. | 10,297 | 250,835 | ||||||
Brady Corp., Class A | 8,874 | 400,484 | ||||||
Covanta Holding Corp. | 10,130 | 86,611 | ||||||
Deluxe Corp. | 4,788 | 124,153 | ||||||
Healthcare Services Group, Inc. | 46,572 | 1,113,536 | ||||||
Herman Miller, Inc. | 8,888 | 197,314 | ||||||
HNI Corp. | 8,954 | 225,551 | ||||||
KAR Auction Services, Inc. | 19,901 | 238,812 | ||||||
McGrath RentCorp | 2,490 | 130,426 | ||||||
MSA Safety, Inc. | 4,935 | 499,422 | ||||||
Steelcase, Inc., Class A | 5,526 | 54,542 | ||||||
3,321,686 | ||||||||
Construction & Engineering - 0.1% | ||||||||
Comfort Systems USA, Inc. | 2,273 | 83,078 | ||||||
Consumer Finance - 0.3% | ||||||||
FirstCash, Inc. | 2,747 | 197,070 |
OSI ETF Trust
O'Shares FTSE Russell Small Cap Quality Dividend ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Containers & Packaging - 1.2% | ||||||||
Greif, Inc., Class A | 2,181 | 67,807 | ||||||
Myers Industries, Inc. | 4,864 | 52,288 | ||||||
Sonoco Products Co. | 16,002 | 741,693 | ||||||
861,788 | ||||||||
Distributors - 0.1% | ||||||||
Core-Mark Holding Co., Inc. | 3,366 | 96,167 | ||||||
Diversified Telecommunication Services - 1.6% | ||||||||
ATN International, Inc. | 903 | 53,015 | ||||||
Cogent Communications Holdings, Inc. | 13,083 | 1,072,414 | ||||||
1,125,429 | ||||||||
Electric Utilities - 3.0% | ||||||||
ALLETE, Inc. | 3,833 | 232,587 | ||||||
El Paso Electric Co. | 1,871 | 127,153 | ||||||
Hawaiian Electric Industries, Inc. | 7,447 | 320,593 | ||||||
IDACORP, Inc. | 3,319 | 291,375 | ||||||
MGE Energy, Inc. | 1,639 | 107,305 | ||||||
OGE Energy Corp. | 17,021 | 523,055 | ||||||
Otter Tail Corp. | 2,853 | 126,845 | ||||||
PNM Resources, Inc. | 3,113 | 118,294 | ||||||
Portland General Electric Co. | 5,527 | 264,964 | ||||||
2,112,171 | ||||||||
Electrical Equipment - 0.9% | ||||||||
AZZ, Inc. | 1,868 | 52,528 | ||||||
nVent Electric plc | 24,317 | 410,228 | ||||||
Regal Beloit Corp. | 2,459 | 154,794 | ||||||
617,550 | ||||||||
Electronic Equipment, Instruments & Components- 3.1% | ||||||||
Badger Meter, Inc. | 3,392 | 181,811 | ||||||
Benchmark Electronics, Inc. | 4,740 | 94,753 | ||||||
Dolby Laboratories, Inc., Class A | 8,116 | 439,968 | ||||||
FLIR Systems, Inc. | 17,072 | 544,426 | ||||||
National Instruments Corp. | 27,127 | 897,361 | ||||||
2,158,319 | ||||||||
Energy Equipment & Services - 0.0%(a) | ||||||||
RPC, Inc. | 7,851 | 16,173 | ||||||
Entertainment - 0.2% | ||||||||
Cinemark Holdings, Inc. | 12,470 | 127,069 | ||||||
Food & Staples Retailing - 0.3% | ||||||||
PriceSmart, Inc. | 2,100 | 110,355 | ||||||
Weis Markets, Inc. | 2,651 | 110,441 | ||||||
220,796 | ||||||||
Food Products - 1.9% | ||||||||
B&G Foods, Inc. | 4,819 | 87,176 | ||||||
Calavo Growers, Inc. | 1,018 | 58,728 | ||||||
Cal-Maine Foods, Inc. | 4,256 | 187,179 | ||||||
Flowers Foods, Inc. | 14,436 | 296,227 | ||||||
J&J Snack Foods Corp. | 1,234 | 149,314 | ||||||
Lancaster Colony Corp. | 3,569 | 516,220 | ||||||
Tootsie Roll Industries, Inc. | 1,422 | 51,130 | ||||||
1,345,974 | ||||||||
Gas Utilities - 2.4% | ||||||||
National Fuel Gas Co. | 5,406 | 201,590 | ||||||
New Jersey Resources Corp. | 8,350 | 283,650 | ||||||
Northwest Natural Holding Co. | 1,368 | 84,474 | ||||||
ONE Gas, Inc. | 3,176 | 265,577 | ||||||
Southwest Gas Holdings, Inc. | 2,074 | 144,267 | ||||||
Spire, Inc. | 2,588 | 192,754 | ||||||
UGI Corp. | 19,362 | 516,385 | ||||||
1,688,697 | ||||||||
Health Care Providers & Services - 3.9% | ||||||||
Encompass Health Corp. | 32,518 | 2,082,127 | ||||||
Patterson Cos., Inc. | 44,740 | 684,075 | ||||||
2,766,202 | ||||||||
Hotels, Restaurants & Leisure - 4.5% | ||||||||
BJ's Restaurants, Inc. | 2,168 | 30,114 | ||||||
Bloomin' Brands, Inc. | 6,204 | 44,297 | ||||||
Brinker International, Inc. | 11,539 | 138,583 | ||||||
Cheesecake Factory, Inc. (The) | 15,136 | 258,523 | ||||||
Cracker Barrel Old Country Store, Inc. | 8,369 | 696,468 | ||||||
Dave & Buster's Entertainment, Inc. | 2,785 | 36,428 | ||||||
Dine Brands Global, Inc. | 1,584 | 45,429 | ||||||
Dunkin' Brands Group, Inc. | 8,378 | 444,872 | ||||||
Extended Stay America, Inc. | 19,000 | 138,890 | ||||||
Jack in the Box, Inc. | 1,785 | 62,564 | ||||||
Six Flags Entertainment Corp. | 13,262 | 166,305 | ||||||
Texas Roadhouse, Inc. | 15,000 | 619,500 | ||||||
Wendy's Co. (The) | 14,433 | 214,763 | ||||||
Wyndham Destinations, Inc. | 13,051 | 283,207 | ||||||
3,179,943 | ||||||||
Household Durables - 0.1% | ||||||||
La-Z-Boy, Inc. | 3,691 | 75,850 | ||||||
Household Products - 0.9% | ||||||||
Spectrum Brands Holdings, Inc. | 4,637 | 168,648 | ||||||
WD-40 Co. | 2,306 | 463,160 | ||||||
631,808 | ||||||||
Independent Power and Renewable ElectricityProducers - 0.1% | ||||||||
Atlantica Yield plc | 2,455 | 54,746 | ||||||
Industrial Conglomerates - 1.0% | ||||||||
Carlisle Cos., Inc. | 4,811 | 602,722 | ||||||
Raven Industries, Inc. | 4,171 | 88,550 | ||||||
691,272 | ||||||||
Insurance - 2.0% | ||||||||
Assured Guaranty Ltd. | 6,441 | 166,113 | ||||||
Employers Holdings, Inc. | 2,359 | 95,563 | ||||||
First American Financial Corp. | 16,699 | 708,205 | ||||||
Hanover Insurance Group, Inc. (The) | 2,445 | 221,468 |
OSI ETF Trust
O'Shares FTSE Russell Small Cap Quality Dividend ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Safety Insurance Group, Inc. | 2,519 | 212,679 | ||||||
1,404,028 | ||||||||
IT Services - 3.8% | ||||||||
Jack Henry & Associates, Inc. | 7,636 | 1,185,413 | ||||||
ManTech International Corp., Class A | 4,116 | 299,110 | ||||||
MAXIMUS, Inc. | 6,752 | 392,966 | ||||||
NIC, Inc. | 29,316 | 674,268 | ||||||
Sabre Corp. | 19,383 | 114,941 | ||||||
TTEC Holdings, Inc. | 935 | 34,333 | ||||||
2,701,031 | ||||||||
Leisure Products - 0.1% | ||||||||
Acushnet Holdings Corp. | 3,591 | 92,361 | ||||||
Machinery - 8.4% | ||||||||
Allison Transmission Holdings, Inc. | 9,584 | 312,534 | ||||||
Crane Co. | 3,572 | 175,671 | ||||||
Donaldson Co., Inc. | 18,358 | 709,170 | ||||||
EnPro Industries, Inc. | 1,467 | 58,064 | ||||||
Franklin Electric Co., Inc. | 3,771 | 177,727 | ||||||
Graco, Inc. | 28,739 | 1,400,451 | ||||||
Hillenbrand, Inc. | 16,597 | 317,169 | ||||||
ITT, Inc. | 6,469 | 293,434 | ||||||
Kennametal, Inc. | 5,407 | 100,678 | ||||||
Lincoln Electric Holdings, Inc. | 13,069 | 901,761 | ||||||
Lindsay Corp. | 651 | 59,619 | ||||||
Mueller Industries, Inc. | 3,571 | 85,490 | ||||||
Oshkosh Corp. | 5,728 | 368,482 | ||||||
Toro Co. (The) | 14,713 | 957,669 | ||||||
5,917,919 | ||||||||
Media - 0.5% | ||||||||
Gannett Co., Inc. | 4,302 | 6,367 | ||||||
John Wiley & Sons, Inc., Class A | 6,527 | 244,697 | ||||||
Scholastic Corp. | 4,597 | 117,178 | ||||||
368,242 | ||||||||
Metals & Mining - 1.9% | ||||||||
Compass Minerals International, Inc. | 4,717 | 181,463 | ||||||
Kaiser Aluminum Corp. | 2,588 | 179,297 | ||||||
Reliance Steel & Aluminum Co. | 10,208 | 894,119 | ||||||
Worthington Industries, Inc. | 3,918 | 102,847 | ||||||
1,357,726 | ||||||||
Multi-Utilities - 0.6% | ||||||||
Avista Corp. | 3,460 | 147,015 | ||||||
Black Hills Corp. | 2,388 | 152,904 | ||||||
NorthWestern Corp. | 2,563 | 153,344 | ||||||
453,263 | ||||||||
Oil, Gas & Consumable Fuels - 0.6% | ||||||||
Antero Midstream Corp. | 41,755 | 87,685 | ||||||
CVR Energy, Inc. | 4,124 | 68,170 | ||||||
Delek US Holdings, Inc. | 10,576 | 166,678 | ||||||
PBF Energy, Inc., Class A | 16,290 | 115,333 | ||||||
437,866 | ||||||||
Paper & Forest Products - 1.4% | ||||||||
Boise Cascade Co. | 2,316 | 55,074 | ||||||
Domtar Corp. | 12,704 | 274,915 | ||||||
Louisiana-Pacific Corp. | 23,197 | 398,524 | ||||||
Neenah, Inc. | 3,021 | 130,296 | ||||||
Schweitzer-Mauduit International, Inc. | 3,873 | 107,747 | ||||||
966,556 | ||||||||
Personal Products - 0.6% | ||||||||
Inter Parfums, Inc. | 2,918 | 135,249 | ||||||
Medifast, Inc. | 2,108 | 131,750 | ||||||
Nu Skin Enterprises, Inc., Class A | 6,139 | 134,137 | ||||||
401,136 | ||||||||
Professional Services - 1.1% | ||||||||
Exponent, Inc. | 4,037 | 290,301 | ||||||
Forrester Research, Inc.* | 6,585 | 192,480 | ||||||
Insperity, Inc. | 3,405 | 127,006 | ||||||
Kelly Services, Inc., Class A | 3,506 | 44,491 | ||||||
Korn Ferry | 3,786 | 92,075 | ||||||
746,353 | ||||||||
Road & Rail - 0.5% | ||||||||
Ryder System, Inc. | 3,415 | 90,293 | ||||||
Schneider National, Inc., Class B | 5,519 | 106,737 | ||||||
Werner Enterprises, Inc. | 3,790 | 137,425 | ||||||
334,455 | ||||||||
Semiconductors & Semiconductor Equipment - 11.5% | ||||||||
Cabot Microelectronics Corp. | 12,013 | 1,371,164 | ||||||
Cypress Semiconductor Corp. | 99,356 | 2,316,982 | ||||||
Kulicke & Soffa Industries, Inc. | 39,456 | 823,447 | ||||||
MKS Instruments, Inc. | 12,932 | 1,053,311 | ||||||
Monolithic Power Systems, Inc. | 11,972 | 2,004,831 | ||||||
Power Integrations, Inc. | 6,521 | 576,000 | ||||||
8,145,735 | ||||||||
Software - 3.5% | ||||||||
LogMeIn, Inc. | 19,982 | 1,664,101 | ||||||
Progress Software Corp. | 24,765 | 792,480 | ||||||
2,456,581 | ||||||||
Specialty Retail - 2.7% | ||||||||
American Eagle Outfitters, Inc. | 35,667 | 283,553 | ||||||
Bed Bath & Beyond, Inc. | 18,345 | 77,232 | ||||||
Buckle, Inc. (The) | 7,816 | 107,157 | ||||||
Children's Place, Inc. (The) | 3,118 | 60,988 | ||||||
Designer Brands, Inc., Class A | 13,635 | 67,902 | ||||||
Dick's Sporting Goods, Inc. | 12,310 | 261,711 | ||||||
Guess?, Inc. | 5,168 | 34,987 | ||||||
Penske Automotive Group, Inc. | 2,472 | 69,216 | ||||||
Signet Jewelers Ltd. | 7,046 | 45,447 | ||||||
Williams-Sonoma, Inc. | 21,030 | 894,196 | ||||||
1,902,389 | ||||||||
Textiles, Apparel & Luxury Goods - 1.6% | ||||||||
Carter's, Inc. | 8,244 | 541,878 |
OSI ETF Trust
O'Shares FTSE Russell Small Cap Quality Dividend ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Columbia Sportswear Co. | 2,064 | 144,005 | ||||||
Oxford Industries, Inc. | 2,137 | 77,488 | ||||||
Steven Madden Ltd. | 15,707 | 364,874 | ||||||
1,128,245 | ||||||||
Thrifts & Mortgage Finance - 1.3% | ||||||||
MGIC Investment Corp. | 66,653 | 423,246 | ||||||
New York Community Bancorp, Inc. | 23,553 | 221,163 | ||||||
Northwest Bancshares, Inc. | 5,868 | 67,893 | ||||||
Provident Financial Services, Inc. | 3,399 | 43,711 | ||||||
TFS Financial Corp. | 2,560 | 39,091 | ||||||
TrustCo Bank Corp. | 4,916 | 26,596 | ||||||
Walker & Dunlop, Inc. | 3,003 | 120,931 | ||||||
942,631 | ||||||||
Tobacco - 0.6% | ||||||||
Universal Corp. | 4,067 | 179,802 | ||||||
Vector Group Ltd. | 22,602 | 212,911 | ||||||
392,713 | ||||||||
Trading Companies & Distributors - 3.7% | ||||||||
Applied Industrial Technologies, Inc. | 3,939 | 180,091 | ||||||
Kaman Corp. | 2,149 | 82,672 | ||||||
MSC Industrial Direct Co., Inc., Class A | 10,753 | 591,093 | ||||||
Watsco, Inc. | 11,043 | 1,745,125 | ||||||
2,598,981 | ||||||||
Transportation Infrastructure - 0.3% | ||||||||
Macquarie Infrastructure Corp. | 8,099 | 204,500 | ||||||
Water Utilities - 0.5% | ||||||||
Essential Utilities, Inc. | 8,876 | 361,253 | ||||||
Wireless Telecommunication Services - 0.2% | ||||||||
Telephone & Data Systems, Inc. | 7,859 | 131,717 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $94,757,251) | 70,319,014 |
Number of | ||||||||
Investments | Rights | Value ($) | ||||||
RIGHTS - 0.0% | ||||||||
Chemicals - 0.0% | ||||||||
A Schulman, Inc., CVR*‡(b) | ||||||||
(Cost $–) | 5,220 | — | ||||||
Total Investments - 99.5% | ||||||||
(Cost $94,757,251) | 70,319,014 | |||||||
Other Assets Less Liabilities - 0.5% | 337,797 | |||||||
Net Assets - 100.0% | 70,656,811 |
* | Non-income producing security. |
‡ | Value determined using significant unobservable inputs. |
(a) | Represents less than 0.05% of net assets. |
(b) | Security fair valued as of March 31, 2020 in accordance with procedures approved by the Board of Trustees. Total value of all such securities at March 31, 2020 amounted to $0, which represents approximately 0.00% of net assets of the Fund. |
Abbreviations
CVR | Contingent Value Rights |
OSI ETF Trust
O'Shares Global Internet Giants ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS - 100.0% | ||||||||
Entertainment - 8.3% | ||||||||
Activision Blizzard, Inc.* | 2,662 | 158,336 | ||||||
Bilibili, Inc., ADR* | 27,013 | 632,644 | ||||||
HUYA, Inc., ADR* | 34,090 | 577,825 | ||||||
NetEase, Inc., ADR | 426 | 136,729 | ||||||
Netflix, Inc.* | 2,547 | 956,399 | ||||||
Spotify Technology SA* | 3,118 | 378,650 | ||||||
Tencent Music Entertainment | ||||||||
Group, ADR* | 45,549 | 458,223 | ||||||
Ubisoft Entertainment SA* | 4,673 | 344,462 | ||||||
Zynga, Inc., Class A* | 55,141 | 377,716 | ||||||
4,020,984 | ||||||||
Interactive Media & Services - 23.2% | ||||||||
Alphabet, Inc., Class A* | 2,377 | 2,761,955 | ||||||
Baidu, Inc., ADR* | 1,835 | 184,950 | ||||||
Facebook, Inc., Class A* | 12,704 | 2,119,027 | ||||||
IAC/InterActiveCorp* | 1,343 | 240,706 | ||||||
LINE Corp.* | 5,200 | 250,956 | ||||||
Match Group, Inc.* | 4,950 | 326,898 | ||||||
Momo, Inc., ADR | 12,175 | 264,076 | ||||||
Pinterest, Inc., Class A* | 39,628 | 611,856 | ||||||
Snap, Inc., Class A* | 58,896 | 700,274 | ||||||
Tencent Holdings Ltd. | 55,600 | 2,727,312 | ||||||
Twitter, Inc.* | 9,699 | 238,207 | ||||||
Z Holdings Corp. | 41,900 | 135,067 | ||||||
Zillow Group, Inc., Class C* | 16,974 | 611,404 | ||||||
11,172,688 | ||||||||
Internet & Direct Marketing Retail - 25.3% | ||||||||
Alibaba Group Holding Ltd., ADR* | 14,272 | 2,775,619 | ||||||
Amazon.com, Inc.* | 1,576 | 3,072,759 | ||||||
Booking Holdings, Inc.* | 104 | 139,913 | ||||||
Chewy, Inc., Class A* | 20,119 | 754,261 | ||||||
Delivery Hero SE* | 9,927 | 740,248 | ||||||
Etsy, Inc.* | 9,172 | 352,572 | ||||||
JD.com, Inc., ADR* | 13,628 | 551,934 | ||||||
Meituan Dianping, Class B* | 77,200 | 932,766 | ||||||
MercadoLibre, Inc.* | 1,364 | 666,423 | ||||||
Pinduoduo, Inc., ADR* | 24,949 | 898,912 | ||||||
Rakuten, Inc. | 30,700 | 233,190 | ||||||
Trip.com Group Ltd., ADR* | 10,489 | 245,967 | ||||||
Wayfair, Inc., Class A* | 9,995 | 534,133 | ||||||
Zalando SE* | 7,303 | 280,382 | ||||||
12,179,079 | ||||||||
IT Services - 6.8% | ||||||||
MongoDB, Inc.* | 4,708 | 642,830 | ||||||
Okta, Inc.* | 5,540 | 677,320 | ||||||
Shopify, Inc., Class A* | 2,132 | 883,177 | ||||||
Twilio, Inc., Class A* | 6,539 | 585,175 | ||||||
VeriSign, Inc.* | 699 | 125,883 | ||||||
Wix.com Ltd.* | 3,686 | 371,623 | ||||||
3,286,008 | ||||||||
Software - 36.4% | ||||||||
Adobe, Inc.* | 2,422 | 770,777 | ||||||
Anaplan, Inc.* | 13,938 | 421,764 | ||||||
Atlassian Corp. plc, Class A* | 4,540 | 623,160 | ||||||
Avalara, Inc.* | 6,001 | 447,675 | ||||||
Coupa Software, Inc.* | 4,531 | 633,117 | ||||||
Crowdstrike Holdings, Inc., Class A* | 16,507 | 919,110 | ||||||
DocuSign, Inc.* | 7,454 | 688,750 | ||||||
Elastic NV* | 10,793 | 602,357 | ||||||
Fortinet, Inc.* | 3,670 | 371,294 | ||||||
Guidewire Software, Inc.* | 3,208 | 254,427 | ||||||
HubSpot, Inc.* | 3,199 | 426,075 | ||||||
Intuit, Inc. | 1,061 | 244,030 | ||||||
Kingsoft Corp. Ltd. | 162,000 | 528,790 | ||||||
Microsoft Corp. | 16,973 | 2,676,812 | ||||||
Palo Alto Networks, Inc.* | 2,193 | 359,564 | ||||||
RingCentral, Inc., Class A* | 2,568 | 544,185 | ||||||
salesforce.com, Inc.* | 5,674 | 816,943 | ||||||
ServiceNow, Inc.* | 2,666 | 764,022 | ||||||
Smartsheet, Inc., Class A* | 15,742 | 653,451 | ||||||
Splunk, Inc.* | 4,575 | 577,502 | ||||||
Temenos AG (Registered)* | 2,096 | 274,903 | ||||||
Trade Desk, Inc. (The), Class A* | 2,557 | 493,501 | ||||||
VMware, Inc., Class A* | 2,721 | 329,513 | ||||||
Workday, Inc., Class A* | 2,938 | 382,586 | ||||||
Xero Ltd.* | 10,867 | 451,679 | ||||||
Zendesk, Inc.* | 8,140 | 521,041 | ||||||
Zoom Video Communications, Inc., Class A* | 7,297 | 1,066,238 | ||||||
Zscaler, Inc.* | 12,040 | 732,754 | ||||||
17,576,020 | ||||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $49,412,370) | 48,234,779 | |||||||
Total Investments - 100.0% | ||||||||
(Cost $49,412,370) | 48,234,779 | |||||||
Other Assets Less Liabilities - 0.0%(a) | 12,456 | |||||||
Net Assets - 100.0% | 48,247,235 |
* | Non-income producing security. |
(a) | Represents less than 0.05% of net assets. |
Abbreviations
ADR | American Depositary Receipt |
OSI ETF Trust
O'Shares Global Internet Giants ETF
Schedule of Investments
March 31, 2020 (Unaudited)
O'Shares Global Internet Giants ETF invested, as a percentage of net assets, in the following countries as of March 31, 2020:
Argentina | 1.4 | % | ||
Canada | 1.8 | % | ||
China | 22.6 | % | ||
France | 0.7 | % | ||
Germany | 2.1 | % | ||
Israel | 0.8 | % | ||
Japan | 1.3 | % | ||
New Zealand | 0.9 | % | ||
Switzerland | 0.6 | % | ||
United States | 67.8 | % | ||
Other(1) | 0.0 | %(a) | ||
100.0 | % |
(1) | Includes cash and any non-equity securities and net other assets (liabilities). |
(a) | Represents less than 0.05% of net assets. |
OSI ETF Trust
O'Shares FTSE Europe Quality Dividend ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS - 98.3% | ||||||||
Aerospace & Defense - 0.7% | ||||||||
BAE Systems plc | 15,511 | 100,357 | ||||||
Meggitt plc | 2,940 | 10,583 | ||||||
Thales SA | 441 | 36,959 | ||||||
147,899 | ||||||||
Airlines - 0.1% | ||||||||
Deutsche Lufthansa AG (Registered) | 672 | 6,313 | ||||||
International Consolidated Airlines Group SA | 2,772 | 7,394 | ||||||
13,707 | ||||||||
Auto Components - 0.6% | ||||||||
Cie Generale des Etablissements Michelin SCA | 779 | 69,287 | ||||||
Continental AG | 609 | 43,842 | ||||||
Nokian Renkaat OYJ | 1,071 | 25,936 | ||||||
139,065 | ||||||||
Beverages - 1.8% | ||||||||
Carlsberg A/S, Class B | 357 | 40,410 | ||||||
Diageo plc | 10,759 | 345,055 | ||||||
385,465 | ||||||||
Building Products - 0.8% | ||||||||
Cie de Saint-Gobain | 2,436 | 59,245 | ||||||
Geberit AG (Registered) | 261 | 114,915 | ||||||
174,160 | ||||||||
Capital Markets - 1.9% | ||||||||
3i Group plc | 17,021 | 167,195 | ||||||
Amundi SA | 484 | 28,598 | ||||||
Ashmore Group plc | 4,242 | 18,767 | ||||||
DWS Group GmbH & Co. KGaA | 231 | 5,713 | ||||||
Euronext NV | 462 | 34,370 | ||||||
Partners Group Holding AG | 223 | 154,329 | ||||||
408,972 | ||||||||
Chemicals - 3.0% | ||||||||
Air Liquide SA | 1,754 | 224,502 | ||||||
BASF SE | 4,158 | 196,843 | ||||||
Clariant AG (Registered) | 693 | 11,650 | ||||||
Croda International plc | 490 | 25,956 | ||||||
EMS-Chemie Holding AG (Registered) | 44 | 27,672 | ||||||
Evonik Industries AG | 1,092 | 22,850 | ||||||
FUCHS PETROLUB SE | 252 | 8,074 | ||||||
FUCHS PETROLUB SE (Preference) | 441 | 15,639 | ||||||
Koninklijke DSM NV | 705 | 80,063 | ||||||
Solvay SA | 302 | 21,996 | ||||||
635,245 | ||||||||
Commercial Services & Supplies - 0.2% | ||||||||
Babcock International Group plc | 1,995 | 9,479 | ||||||
ISS A/S | 1,008 | 13,856 | ||||||
Securitas AB, Class B | 1,134 | 12,298 | ||||||
35,633 | ||||||||
Construction & Engineering - 1.4% | ||||||||
Boskalis Westminster | 294 | 5,305 | ||||||
Bouygues SA | 1,239 | 36,326 | ||||||
HOCHTIEF AG | 168 | 11,153 | ||||||
Skanska AB, Class B* | 3,255 | 49,756 | ||||||
Vinci SA | 2,498 | 206,666 | ||||||
309,206 | ||||||||
Construction Materials - 0.1% | ||||||||
HeidelbergCement AG | 467 | 20,030 | ||||||
Imerys SA | 231 | 5,810 | ||||||
25,840 | ||||||||
Distributors - 0.1% | ||||||||
Inchcape plc | 3,759 | 20,191 | ||||||
Diversified Financial Services - 0.1% | ||||||||
Sofina SA | 140 | 28,542 | ||||||
Diversified Telecommunication Services - 6.1% | ||||||||
BT Group plc | 75,949 | 111,030 | ||||||
Deutsche Telekom AG (Registered) | 21,180 | 274,554 | ||||||
Elisa OYJ | 1,292 | 80,069 | ||||||
Infrastrutture Wireless Italiane SpA | 1,953 | 21,172 | ||||||
Koninklijke KPN NV | 20,879 | 49,851 | ||||||
Orange SA | 13,710 | 167,507 | ||||||
Proximus SADP | 1,761 | 40,326 | ||||||
Swisscom AG (Registered) | 274 | 147,315 | ||||||
Telefonica Deutschland Holding AG | 7,119 | 17,646 | ||||||
Telefonica SA | 33,879 | 155,145 | ||||||
Telekom Austria AG | 1,050 | 7,316 | ||||||
Telenor ASA | 8,362 | 120,959 | ||||||
Telia Co. AB | 28,108 | 101,280 | ||||||
1,294,170 | ||||||||
Electric Utilities - 4.1% | ||||||||
Acciona SA | 126 | 13,459 | ||||||
EDP - Energias de Portugal SA | 16,581 | 66,552 | ||||||
Endesa SA | 3,633 | 77,613 | ||||||
Enel SpA | 67,861 | 472,005 | ||||||
Fortum OYJ | 1,596 | 23,422 | ||||||
Red Electrica Corp. SA | 4,599 | 82,582 | ||||||
SSE plc | 3,990 | 64,564 | ||||||
Terna Rete Elettrica Nazionale SpA | 11,112 | 70,352 | ||||||
870,549 | ||||||||
Electrical Equipment - 2.0% | ||||||||
ABB Ltd. (Registered) | 7,340 | 129,003 | ||||||
Legrand SA | 1,050 | 67,375 | ||||||
Schneider Electric SE | 2,561 | 220,814 | ||||||
Signify NV | 567 | 11,006 | ||||||
428,198 |
OSI ETF Trust
O'Shares FTSE Europe Quality Dividend ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Equity Real Estate Investment Trusts (REITs) - 2.2% | ||||||||
Covivio | 434 | 24,453 | ||||||
Gecina SA | 821 | 108,732 | ||||||
Klepierre SA | 2,255 | 43,473 | ||||||
Merlin Properties Socimi SA | 5,817 | 43,849 | ||||||
Segro plc | 21,028 | 199,203 | ||||||
Unibail-Rodamco-Westfield | 924 | 52,275 | ||||||
471,985 | ||||||||
Food & Staples Retailing - 1.6% | ||||||||
Colruyt SA | 420 | 22,706 | ||||||
ICA Gruppen AB | 501 | 21,132 | ||||||
Jeronimo Martins SGPS SA | 966 | 17,425 | ||||||
Kesko OYJ, Class B | 317 | 17,948 | ||||||
Koninklijke Ahold Delhaize NV | 9,807 | 229,042 | ||||||
Wm Morrison Supermarkets plc | 13,591 | 29,997 | ||||||
338,250 | ||||||||
Food Products - 6.1% | ||||||||
Associated British Foods plc | 1,565 | 35,201 | ||||||
Leroy Seafood Group ASA | 987 | 4,807 | ||||||
Mowi ASA | 2,910 | 43,964 | ||||||
Nestle SA (Registered) | 10,783 | 1,108,335 | ||||||
Orkla ASA | 9,016 | 76,431 | ||||||
Salmar ASA | 315 | 10,421 | ||||||
Tate & Lyle plc | 3,318 | 26,989 | ||||||
1,306,148 | ||||||||
Gas Utilities - 1.0% | ||||||||
Enagas SA | 2,625 | 52,118 | ||||||
Italgas SpA | 3,108 | 17,014 | ||||||
Naturgy Energy Group SA | 2,936 | 51,915 | ||||||
Rubis SCA | 550 | 22,969 | ||||||
Snam SpA | 16,738 | 77,210 | ||||||
221,226 | ||||||||
Health Care Equipment & Supplies - 1.2% | ||||||||
Coloplast A/S, Class B | 758 | 109,964 | ||||||
Koninklijke Philips NV | 3,609 | 146,182 | ||||||
256,146 | ||||||||
Hotels, Restaurants & Leisure - 0.3% | ||||||||
Carnival plc | 1,092 | 13,288 | ||||||
InterContinental Hotels Group plc | 855 | 37,270 | ||||||
Sodexo SA | 284 | 19,208 | ||||||
69,766 | ||||||||
Household Durables - 0.6% | ||||||||
Barratt Developments plc | 4,179 | 22,851 | ||||||
Bellway plc | 672 | 17,965 | ||||||
Electrolux AB, Series B | 1,134 | 14,170 | ||||||
Persimmon plc | 2,247 | 53,397 | ||||||
Taylor Wimpey plc | 18,102 | 26,373 | ||||||
134,756 | ||||||||
Household Products - 0.4% | ||||||||
Henkel AG & Co. KGaA | 402 | 29,707 | ||||||
Henkel AG & Co. KGaA (Preference) | 630 | 50,601 | ||||||
80,308 | ||||||||
Independent Power and Renewable Electricity Producers - 0.1% | ||||||||
Uniper SE | 937 | 23,123 | ||||||
Industrial Conglomerates - 1.6% | ||||||||
Investment AB Latour, Class B | 1,029 | 14,707 | ||||||
Siemens AG (Registered) | 3,867 | 328,710 | ||||||
343,417 | ||||||||
Insurance - 2.3% | ||||||||
Admiral Group plc | 6,133 | 169,583 | ||||||
Direct Line Insurance Group plc | 33,306 | 122,200 | ||||||
Gjensidige Forsikring ASA | 1,392 | 23,602 | ||||||
Sampo OYJ, Class A | 6,253 | 182,643 | ||||||
498,028 | ||||||||
Machinery - 3.3% | ||||||||
Aalberts NV | 399 | 9,474 | ||||||
Alfa Laval AB | 1,603 | 27,869 | ||||||
Alstom SA | 2,746 | 114,918 | ||||||
Electrolux Professional AB, Class B* | 1,134 | 3,262 | ||||||
GEA Group AG | 777 | 15,964 | ||||||
Georg Fischer AG (Registered) | 18 | 12,446 | ||||||
IMI plc | 1,470 | 13,623 | ||||||
Kone OYJ, Class B | 3,475 | 196,824 | ||||||
OC Oerlikon Corp. AG (Registered) | 1,197 | 9,600 | ||||||
Rational AG | 10 | 5,309 | ||||||
Sandvik AB | 5,922 | 84,428 | ||||||
Schindler Holding AG | 182 | 39,953 | ||||||
Schindler Holding AG (Registered) | 84 | 17,745 | ||||||
SKF AB, Class B | 2,337 | 32,244 | ||||||
Trelleborg AB, Class B* | 1,218 | 13,197 | ||||||
Volvo AB, Class B | 5,666 | 68,340 | ||||||
Wartsila OYJ Abp | 3,339 | 24,510 | ||||||
Zardoya Otis SA | 2,205 | 14,880 | ||||||
704,586 | ||||||||
Marine - 0.4% | ||||||||
Kuehne + Nagel International AG (Registered) | 686 | 94,192 | ||||||
Media - 0.6% | ||||||||
ITV plc | 27,132 | 22,211 | ||||||
ProSiebenSat.1 Media SE | 756 | 5,997 | ||||||
Publicis Groupe SA | 1,155 | 33,103 | ||||||
RTL Group SA | 546 | 18,404 | ||||||
WPP plc | 6,770 | 46,287 | ||||||
126,002 | ||||||||
Metals & Mining - 1.5% | ||||||||
Norsk Hydro ASA | 4,893 | 10,540 | ||||||
Rio Tinto plc | 6,645 | 306,385 | ||||||
316,925 | ||||||||
Multiline Retail - 0.2% | ||||||||
Marks & Spencer Group plc | 13,288 | 16,351 |
OSI ETF Trust
O'Shares FTSE Europe Quality Dividend ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Next plc | 554 | 27,972 | ||||||
44,323 | ||||||||
Multi-Utilities - 3.0% | ||||||||
A2A SpA | 12,873 | 16,003 | ||||||
Centrica plc | 46,978 | 22,182 | ||||||
Engie SA | 13,790 | 142,414 | ||||||
Hera SpA | 5,271 | 18,901 | ||||||
National Grid plc | 29,386 | 344,914 | ||||||
Suez | 2,289 | 23,298 | ||||||
Veolia Environnement SA | 3,094 | 66,115 | ||||||
633,827 | ||||||||
Oil, Gas & Consumable Fuels - 10.8% | ||||||||
BP plc | 105,572 | 450,572 | ||||||
Eni SpA | 12,327 | 124,708 | ||||||
Equinor ASA | 7,567 | 94,506 | ||||||
Galp Energia SGPS SA | 2,730 | 31,138 | ||||||
OMV AG | 424 | 11,705 | ||||||
Polski Koncern Naftowy ORLEN SA | 1,701 | 22,811 | ||||||
Polskie Gornictwo Naftowe i Gazownictwo SA | 13,398 | 11,096 | ||||||
Repsol SA | 4,452 | 40,702 | ||||||
Royal Dutch Shell plc, Class A | 30,720 | 540,515 | ||||||
Royal Dutch Shell plc, Class B | 25,968 | 437,842 | ||||||
TOTAL SA | 13,999 | 543,605 | ||||||
2,309,200 | ||||||||
Paper & Forest Products - 0.8% | ||||||||
Mondi plc | 3,627 | 62,107 | ||||||
Svenska Cellulosa AB SCA, Class B* | 1,911 | 19,375 | ||||||
UPM-Kymmene OYJ | 3,043 | 83,774 | ||||||
165,256 | ||||||||
Personal Products - 5.6% | ||||||||
L'Oreal SA | 1,047 | 274,453 | ||||||
Unilever NV | 10,358 | 509,223 | ||||||
Unilever plc | 8,027 | 405,638 | ||||||
1,189,314 | ||||||||
Pharmaceuticals - 17.2% | ||||||||
GlaxoSmithKline plc | 44,776 | 840,906 | ||||||
Novartis AG (Registered) | 13,507 | 1,114,706 | ||||||
Novo Nordisk A/S, Class B | 8,811 | 530,088 | ||||||
Orion OYJ, Class B | 651 | 26,629 | ||||||
Recordati SpA | 567 | 23,977 | ||||||
Roche Holding AG | 3,329 | 1,080,536 | ||||||
Roche Holding AG - BR | 130 | 41,679 | ||||||
3,658,521 | ||||||||
Professional Services - 2.0% | ||||||||
Adecco Group AG (Registered) | 1,239 | 48,840 | ||||||
Bureau Veritas SA | 1,806 | 34,302 | ||||||
DKSH Holding AG | 273 | 13,549 | ||||||
Randstad NV* | 672 | 23,721 | ||||||
RELX plc | 8,986 | 192,983 | ||||||
SGS SA (Registered) | 50 | 115,860 | ||||||
429,255 | ||||||||
Real Estate Management & Development - 3.9% | ||||||||
Aroundtown SA | 18,207 | 90,978 | ||||||
Castellum AB | 4,948 | 83,901 | ||||||
Deutsche Wohnen SE | 4,358 | 165,977 | ||||||
LEG Immobilien AG | 1,051 | 118,435 | ||||||
PSP Swiss Property AG (Registered) | 306 | 38,173 | ||||||
Swiss Prime Site AG (Registered) | 577 | 56,504 | ||||||
Vonovia SE | 5,478 | 269,641 | ||||||
823,609 | ||||||||
Software - 0.2% | ||||||||
Sage Group plc (The) | 5,276 | 38,715 | ||||||
Specialty Retail - 1.2% | ||||||||
Dufry AG (Registered) | 84 | 2,611 | ||||||
Fielmann AG | 210 | 12,247 | ||||||
Hennes & Mauritz AB, Class B | 5,775 | 74,609 | ||||||
Industria de Diseno Textil SA | 4,389 | 113,942 | ||||||
Kingfisher plc | 27,158 | 48,458 | ||||||
251,867 | ||||||||
Textiles, Apparel & Luxury Goods - 1.0% | ||||||||
HUGO BOSS AG | 294 | 7,455 | ||||||
Kering SA | 344 | 179,630 | ||||||
Swatch Group AG (The) | 84 | 16,795 | ||||||
203,880 | ||||||||
Tobacco - 2.7% | ||||||||
British American Tobacco plc | 11,153 | 381,547 | ||||||
Imperial Brands plc | 7,265 | 134,835 | ||||||
Swedish Match AB | 932 | 53,431 | ||||||
569,813 | ||||||||
Trading Companies & Distributors - 0.9% | ||||||||
Bunzl plc | 1,680 | 33,944 | ||||||
Ferguson plc | 1,920 | 120,368 | ||||||
Howden Joinery Group plc | 2,289 | 14,532 | ||||||
Travis Perkins plc | 1,302 | 14,249 | ||||||
183,093 | ||||||||
Transportation Infrastructure - 0.4% | ||||||||
Aena SME SA | 591 | 64,536 | ||||||
Aeroports de Paris | 111 | 10,651 | ||||||
Flughafen Zurich AG (Registered)* | 84 | 9,463 | ||||||
Fraport AG Frankfurt Airport Services Worldwide | 147 | 5,952 | ||||||
90,602 | ||||||||
Water Utilities - 0.7% | ||||||||
Pennon Group plc | 3,420 | 46,032 | ||||||
Severn Trent plc | 1,808 | 51,114 | ||||||
United Utilities Group plc | 5,216 | 58,389 | ||||||
155,535 |
OSI ETF Trust
O'Shares FTSE Europe Quality Dividend ETF
Schedule of Investments
March 31, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Wireless Telecommunication Services - 1.5% | ||||||||
Vodafone Group plc | 229,413 | 321,441 | ||||||
TOTAL COMMON STOCKS | ||||||||
(Cost $25,533,183) | 20,969,951 | |||||||
Total Investments - 98.3% | ||||||||
(Cost $25,533,183) | 20,969,951 | |||||||
Other Assets Less Liabilities - 1.7% | 356,477 | |||||||
Net Assets - 100.0% | 21,326,428 |
* | Non-income producing security. |
Abbreviations | |
OYJ | Public Limited Company |
Preference | A special type of equity investment that shares in the earnings of the company, has limited voting rights, and may have a dividend preference. Preference shares may also have liquidation preference. |
SCA | Limited partnership with share capital |
O'Shares FTSE Europe Quality Dividend ETF invested, as a percentage of net assets, in the following countries as of March 31, 2020:
Australia | 1.4 | % | ||
Austria | 0.1 | % | ||
Belgium | 0.5 | % | ||
Denmark | 3.3 | % | ||
Finland | 3.1 | % | ||
France | 13.2 | % | ||
Germany | 8.2 | % | ||
Italy | 3.9 | % | ||
Luxembourg | 0.1 | % | ||
Netherlands | 7.4 | % | ||
Norway | 1.8 | % | ||
Poland | 0.2 | % | ||
Portugal | 0.5 | % | ||
Spain | 3.3 | % | ||
Sweden | 3.2 | % | ||
Switzerland | 20.7 | % | ||
United Kingdom | 26.8 | % | ||
United States | 0.6 | % | ||
Other(1) | 1.7 | % | ||
100.0 | % |
(1) Includes cash and any non-equity securities and net other assets (liabilities).