OSI ETF Trust
O'Shares U.S. Quality Dividend ETF
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS - 99.9% | ||||||||
Aerospace & Defense - 3.7% | ||||||||
General Dynamics Corp. | 13,436 | 1,859,946 | ||||||
L3Harris Technologies, Inc. | 4,435 | 753,240 | ||||||
Lockheed Martin Corp. | 35,607 | 13,647,451 | ||||||
Northrop Grumman Corp. | 10,932 | 3,448,937 | ||||||
19,709,574 | ||||||||
Air Freight & Logistics - 1.8% | ||||||||
CH Robinson Worldwide, Inc. | 9,742 | 995,535 | ||||||
Expeditors International of Washington, Inc. | 17,449 | 1,579,484 | ||||||
United Parcel Service, Inc., Class B | 40,608 | 6,766,511 | ||||||
9,341,530 | ||||||||
Banks - 0.5% | ||||||||
JPMorgan Chase & Co. | 29,156 | 2,806,848 | ||||||
Beverages - 4.6% | ||||||||
Brown-Forman Corp., Class B | 11,255 | 847,727 | ||||||
Coca-Cola Co. (The) | 238,082 | 11,754,108 | ||||||
PepsiCo, Inc. | 85,663 | 11,872,892 | ||||||
24,474,727 | ||||||||
Biotechnology - 3.4% | ||||||||
AbbVie, Inc. | 42,270 | 3,702,429 | ||||||
Amgen, Inc. | 57,128 | 14,519,653 | ||||||
18,222,082 | ||||||||
Building Products - 0.2% | ||||||||
Trane Technologies plc | 6,581 | 797,946 | ||||||
Capital Markets - 3.2% | ||||||||
CME Group, Inc. | 10,547 | 1,764,618 | ||||||
Moody's Corp. | 7,966 | 2,308,945 | ||||||
MSCI, Inc. | 4,232 | 1,509,893 | ||||||
S&P Global, Inc. | 22,758 | 8,206,535 | ||||||
T. Rowe Price Group, Inc. | 24,323 | 3,118,695 | ||||||
16,908,686 | ||||||||
Commercial Services & Supplies - 0.7% | ||||||||
Cintas Corp. | 2,571 | 855,706 | ||||||
Waste Management, Inc. | 23,775 | 2,690,617 | ||||||
3,546,323 | ||||||||
Communications Equipment - 2.9% | ||||||||
Cisco Systems, Inc. | 373,601 | 14,716,144 | ||||||
Motorola Solutions, Inc. | 5,672 | 889,426 | ||||||
15,605,570 | ||||||||
Diversified Telecommunication Services - 5.2% | ||||||||
AT&T, Inc. | 184,683 | 5,265,312 | ||||||
Verizon Communications, Inc. | 375,113 | 22,315,473 | ||||||
27,580,785 | ||||||||
Electric Utilities - 1.3% | ||||||||
NextEra Energy, Inc. | 23,954 | 6,648,672 | ||||||
Electrical Equipment - 0.3% | ||||||||
Emerson Electric Co. | 13,937 | 913,849 | ||||||
Rockwell Automation, Inc. | 4,146 | 914,939 | ||||||
1,828,788 | ||||||||
Electronic Equipment, Instruments & Components - 0.1% | ||||||||
Amphenol Corp., Class A | 6,409 | 693,902 | ||||||
Food & Staples Retailing - 2.5% | ||||||||
Costco Wholesale Corp. | 15,959 | 5,665,445 | ||||||
Walmart, Inc. | 55,162 | 7,717,715 | ||||||
13,383,160 | ||||||||
Food Products - 1.3% | ||||||||
General Mills, Inc. | 25,291 | 1,559,949 | ||||||
Hershey Co. (The) | 7,961 | 1,141,130 | ||||||
Hormel Foods Corp. | 29,597 | 1,446,997 | ||||||
Kellogg Co. | 8,337 | 538,487 | ||||||
Mondelez International, Inc., Class A | 39,472 | 2,267,666 | ||||||
6,954,229 | ||||||||
Health Care Equipment & Supplies - 1.7% | ||||||||
Abbott Laboratories | 23,962 | 2,607,784 | ||||||
Medtronic plc | 52,777 | 5,484,586 | ||||||
Stryker Corp. | 4,753 | 990,383 | ||||||
9,082,753 | ||||||||
Health Care Providers & Services - 2.8% | ||||||||
Anthem, Inc. | 2,671 | 717,404 | ||||||
CVS Health Corp. | 27,250 | 1,591,400 | ||||||
UnitedHealth Group, Inc. | 40,540 | 12,639,156 | ||||||
14,947,960 | ||||||||
Health Care Technology - 0.2% | ||||||||
Cerner Corp. | 11,539 | 834,154 | ||||||
Hotels, Restaurants & Leisure - 2.8% | ||||||||
McDonald's Corp. | 47,067 | 10,330,736 | ||||||
Starbucks Corp. | 36,815 | 3,163,145 | ||||||
Yum! Brands, Inc. | 13,778 | 1,257,931 | ||||||
14,751,812 | ||||||||
Household Durables - 0.2% | ||||||||
Garmin Ltd. | 9,416 | 893,202 | ||||||
Household Products - 7.0% | ||||||||
Church & Dwight Co., Inc. | 9,062 | 849,200 | ||||||
Clorox Co. (The) | 10,439 | 2,193,964 | ||||||
Colgate-Palmolive Co. | 70,191 | 5,415,236 | ||||||
Kimberly-Clark Corp. | 32,148 | 4,746,974 | ||||||
Procter & Gamble Co. (The) | 170,723 | 23,728,790 | ||||||
36,934,164 | ||||||||
Industrial Conglomerates - 4.2% | ||||||||
3M Co. | 69,724 | 11,168,390 | ||||||
Honeywell International, Inc. | 67,628 | 11,132,245 | ||||||
22,300,635 | ||||||||
Insurance - 2.3% | ||||||||
Allstate Corp. (The) | 32,357 | 3,046,088 | ||||||
Aon plc, Class A | 14,661 | 3,024,564 | ||||||
Marsh & McLennan Cos., Inc. | 55,196 | 6,330,981 | ||||||
12,401,633 |
OSI ETF Trust
O'Shares U.S. Quality Dividend ETF
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Internet & Direct Marketing Retail - 0.3% | ||||||||
eBay, Inc. | 25,748 | 1,341,471 | ||||||
IT Services - 4.5% | ||||||||
Accenture plc, Class A | 26,748 | 6,044,781 | ||||||
Amdocs Ltd. | 8,134 | 466,973 | ||||||
Automatic Data Processing, Inc. | 13,070 | 1,823,134 | ||||||
Broadridge Financial Solutions, Inc. | 3,464 | 457,248 | ||||||
Cognizant Technology Solutions Corp., Class A | 14,033 | 974,171 | ||||||
International Business Machines Corp. | 15,083 | 1,835,149 | ||||||
Jack Henry & Associates, Inc. | 2,333 | 379,322 | ||||||
Mastercard, Inc., Class A | 7,797 | 2,636,711 | ||||||
Paychex, Inc. | 16,923 | 1,349,948 | ||||||
Visa, Inc., Class A | 36,483 | 7,295,505 | ||||||
Western Union Co. (The) | 17,472 | 374,425 | ||||||
23,637,367 | ||||||||
Machinery - 1.6% | ||||||||
Cummins, Inc. | 4,467 | 943,252 | ||||||
IDEX Corp. | 4,612 | 841,275 | ||||||
Illinois Tool Works, Inc. | 30,638 | 5,919,568 | ||||||
PACCAR, Inc. | 9,061 | 772,722 | ||||||
8,476,817 | ||||||||
Media - 2.0% | ||||||||
Comcast Corp., Class A | 224,489 | 10,384,861 | ||||||
Multiline Retail - 0.6% | ||||||||
Dollar General Corp. | 6,156 | 1,290,421 | ||||||
Target Corp. | 13,348 | 2,101,242 | ||||||
3,391,663 | ||||||||
Multi-Utilities - 0.5% | ||||||||
WEC Energy Group, Inc. | 25,651 | 2,485,582 | ||||||
Pharmaceuticals - 14.7% | ||||||||
Eli Lilly and Co. | 65,127 | 9,640,098 | ||||||
Johnson & Johnson | 177,362 | 26,405,655 | ||||||
Merck & Co., Inc. | 284,164 | 23,571,404 | ||||||
Pfizer, Inc. | 475,604 | 17,454,667 | ||||||
Zoetis, Inc. | 5,557 | 918,961 | ||||||
77,990,785 | ||||||||
Road & Rail - 1.5% | ||||||||
CSX Corp. | 11,868 | 921,788 | ||||||
Norfolk Southern Corp. | 4,495 | 961,885 | ||||||
Union Pacific Corp. | 29,753 | 5,857,473 | ||||||
7,741,146 | ||||||||
Semiconductors & Semiconductor Equipment - 3.9% | ||||||||
Analog Devices, Inc. | 4,243 | 495,328 | ||||||
Broadcom, Inc. | 1,665 | 606,593 | ||||||
Intel Corp. | 162,174 | 8,397,370 | ||||||
Maxim Integrated Products, Inc. | 7,576 | 512,213 | ||||||
Texas Instruments, Inc. | 72,634 | 10,371,409 | ||||||
20,382,913 | ||||||||
Software - 6.6% | ||||||||
Citrix Systems, Inc. | 3,898 | 536,794 | ||||||
Intuit, Inc. | 3,316 | 1,081,712 | ||||||
Microsoft Corp. | 126,862 | 26,682,884 | ||||||
Oracle Corp. | 107,134 | 6,395,900 | ||||||
34,697,290 | ||||||||
Specialty Retail - 5.7% | ||||||||
Home Depot, Inc. (The) | 95,554 | 26,536,301 | ||||||
Lowe's Cos., Inc. | 21,728 | 3,603,806 | ||||||
30,140,107 | ||||||||
Technology Hardware, Storage & Peripherals - 3.0% | ||||||||
Apple, Inc. | 138,629 | 16,054,625 | ||||||
Textiles, Apparel & Luxury Goods - 0.6% | ||||||||
NIKE, Inc., Class B | 25,084 | 3,149,045 | ||||||
Tobacco - 1.1% | ||||||||
Philip Morris International, Inc. | 79,988 | 5,998,300 | ||||||
Trading Companies & Distributors - 0.4% | ||||||||
Fastenal Co. | 43,147 | 1,945,498 | ||||||
TOTAL COMMON STOCKS (Cost $480,916,105) | 528,466,605 | |||||||
Total Investments - 99.9% (Cost $480,916,105) | 528,466,605 | |||||||
Other assets less liabilities - 0.1% | 614,540 | |||||||
Net Assets - 100.0% | 529,081,145 |
OSI ETF Trust
O'Shares U.S. Small-Cap Quality Dividend ETF
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS - 99.9% | ||||||||
Auto Components - 3.2% | ||||||||
BorgWarner, Inc. | 22,429 | 868,899 | ||||||
Gentex Corp. | 75,749 | 1,950,537 | ||||||
Lear Corp. | 3,582 | 390,617 | ||||||
3,210,053 | ||||||||
Building Products - 2.6% | ||||||||
AO Smith Corp. | 41,106 | 2,170,397 | ||||||
Simpson Manufacturing Co., Inc. | 4,915 | 477,541 | ||||||
2,647,938 | ||||||||
Capital Markets - 9.7% | ||||||||
Artisan Partners Asset Management, Inc., Class A | 27,172 | 1,059,436 | ||||||
Cohen & Steers, Inc. | 10,886 | 606,786 | ||||||
Eaton Vance Corp. | 35,591 | 1,357,797 | ||||||
Evercore, Inc., Class A | 14,294 | 935,685 | ||||||
Federated Hermes, Inc., Class B | 16,190 | 348,247 | ||||||
Hamilton Lane, Inc., Class A | 6,750 | 435,982 | ||||||
Houlihan Lokey, Inc. | 34,479 | 2,035,985 | ||||||
Lazard Ltd., Class A | 28,053 | 927,152 | ||||||
Moelis & Co., Class A | 21,944 | 771,112 | ||||||
Morningstar, Inc. | 4,524 | 726,600 | ||||||
Virtu Financial, Inc., Class A | 19,847 | 456,679 | ||||||
9,661,461 | ||||||||
Commercial Services & Supplies - 2.7% | ||||||||
Brady Corp., Class A | 15,558 | 622,631 | ||||||
Ennis, Inc. | 21,341 | 372,187 | ||||||
Healthcare Services Group, Inc. | 17,785 | 382,911 | ||||||
MSA Safety, Inc. | 3,985 | 534,667 | ||||||
Tetra Tech, Inc. | 5,391 | 514,841 | ||||||
UniFirst Corp. | 1,186 | 224,593 | ||||||
2,651,830 | ||||||||
Communications Equipment - 0.4% | ||||||||
InterDigital, Inc. | 6,790 | 387,437 | ||||||
Consumer Finance - 1.2% | ||||||||
FirstCash, Inc. | 21,613 | 1,236,480 | ||||||
Diversified Consumer Services - 2.5% | ||||||||
Graham Holdings Co., Class B | 1,388 | 560,905 | ||||||
Service Corp. International | 45,906 | 1,936,315 | ||||||
2,497,220 | ||||||||
Diversified Telecommunication Services - 1.2% | ||||||||
Cogent Communications Holdings, Inc. | 19,671 | 1,181,244 | ||||||
Electric Utilities - 2.6% | ||||||||
ALLETE, Inc. | 7,735 | 400,209 | ||||||
Hawaiian Electric Industries, Inc. | 11,263 | 374,382 | ||||||
IDACORP, Inc. | 7,486 | 598,131 | ||||||
MGE Energy, Inc. | 2,239 | 140,296 | ||||||
Otter Tail Corp. | 6,165 | 222,988 | ||||||
PNM Resources, Inc. | 5,415 | 223,802 | ||||||
Portland General Electric Co. | 17,357 | 616,174 | ||||||
2,575,982 | ||||||||
Electronic Equipment, Instruments & Components - 6.7% | ||||||||
Badger Meter, Inc. | 6,593 | 430,984 | ||||||
Dolby Laboratories, Inc., Class A | 30,716 | 2,035,857 | ||||||
FLIR Systems, Inc. | 46,276 | 1,658,995 | ||||||
Littelfuse, Inc. | 3,151 | 558,798 | ||||||
National Instruments Corp. | 56,444 | 2,015,051 | ||||||
6,699,685 | ||||||||
Food & Staples Retailing - 1.1% | ||||||||
Casey's General Stores, Inc. | 3,617 | 642,560 | ||||||
Weis Markets, Inc. | 8,987 | 431,376 | ||||||
1,073,936 | ||||||||
Food Products - 6.9% | ||||||||
Flowers Foods, Inc. | 84,742 | 2,061,773 | ||||||
Ingredion, Inc. | 25,091 | 1,898,887 | ||||||
J&J Snack Foods Corp. | 5,555 | 724,317 | ||||||
Lancaster Colony Corp. | 9,573 | 1,711,652 | ||||||
Tootsie Roll Industries, Inc. | 17,077 | 527,679 | ||||||
6,924,308 | ||||||||
Gas Utilities - 2.5% | ||||||||
Chesapeake Utilities Corp. | 1,384 | 116,671 | ||||||
National Fuel Gas Co. | 8,097 | 328,657 | ||||||
New Jersey Resources Corp. | 11,019 | 297,733 | ||||||
Northwest Natural Holding Co. | 2,036 | 92,414 | ||||||
ONE Gas, Inc. | 7,019 | 484,381 | ||||||
Southwest Gas Holdings, Inc. | 3,236 | 204,192 | ||||||
Spire, Inc. | 3,542 | 188,435 | ||||||
UGI Corp. | 24,109 | 795,115 | ||||||
2,507,598 | ||||||||
Health Care Equipment & Supplies - 1.4% | ||||||||
Hill-Rom Holdings, Inc. | 17,004 | 1,420,004 | ||||||
Health Care Providers & Services - 5.5% | ||||||||
Encompass Health Corp. | 31,403 | 2,040,567 | ||||||
National HealthCare Corp. | 32,624 | 2,032,801 | ||||||
Premier, Inc., Class A | 43,329 | 1,422,491 | ||||||
5,495,859 | ||||||||
Hotels, Restaurants & Leisure - 1.2% | ||||||||
Dunkin' Brands Group, Inc. | 14,552 | 1,191,954 | ||||||
Household Durables - 3.8% | ||||||||
Leggett & Platt, Inc. | 32,092 | 1,321,228 | ||||||
MDC Holdings, Inc. | 10,340 | 487,014 | ||||||
Whirlpool Corp. | 10,819 | 1,989,506 | ||||||
3,797,748 | ||||||||
Household Products - 0.8% | ||||||||
WD-40 Co. | 4,269 | 808,164 | ||||||
Insurance - 8.4% | ||||||||
AMERISAFE, Inc. | 8,594 | 492,952 | ||||||
Erie Indemnity Co., Class A | 9,060 | 1,905,137 | ||||||
Fidelity National Financial, Inc. | 60,448 | 1,892,627 |
OSI ETF Trust
O'Shares U.S. Small-Cap Quality Dividend ETF
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
First American Financial Corp. | 38,164 | 1,942,929 | ||||||
Kemper Corp. | 6,279 | 419,625 | ||||||
Safety Insurance Group, Inc. | 14,229 | 983,082 | ||||||
Stewart Information Services Corp. | 16,434 | 718,659 | ||||||
8,355,011 | ||||||||
IT Services - 6.6% | ||||||||
CSG Systems International, Inc. | 20,961 | 858,353 | ||||||
Genpact Ltd. | 42,854 | 1,669,163 | ||||||
ManTech International Corp., Class A | 14,754 | 1,016,256 | ||||||
MAXIMUS, Inc. | 27,803 | 1,902,003 | ||||||
NIC, Inc. | 22,403 | 441,339 | ||||||
Science Applications International Corp. | 9,047 | 709,466 | ||||||
6,596,580 | ||||||||
Life Sciences Tools & Services - 2.0% | ||||||||
Bio-Techne Corp. | 8,103 | 2,007,356 | ||||||
Machinery - 8.4% | ||||||||
Donaldson Co., Inc. | 28,422 | 1,319,349 | ||||||
Franklin Electric Co., Inc. | 4,035 | 237,379 | ||||||
Graco, Inc. | 33,675 | 2,065,961 | ||||||
ITT, Inc. | 5,287 | 312,197 | ||||||
Snap-on, Inc. | 13,512 | 1,988,021 | ||||||
Toro Co. (The) | 24,358 | 2,044,854 | ||||||
Watts Water Technologies, Inc., Class A | 4,546 | 455,282 | ||||||
8,423,043 | ||||||||
Media - 2.4% | ||||||||
Interpublic Group of Cos., Inc. (The) | 117,180 | 1,953,391 | ||||||
New York Times Co. (The), Class A | 10,160 | 434,746 | ||||||
2,388,137 | ||||||||
Multi-Utilities - 1.5% | ||||||||
Avista Corp. | 6,069 | 207,074 | ||||||
Black Hills Corp. | 5,285 | 282,695 | ||||||
MDU Resources Group, Inc. | 30,137 | 678,083 | ||||||
NorthWestern Corp. | 6,597 | 320,878 | ||||||
1,488,730 | ||||||||
Professional Services - 2.8% | ||||||||
Exponent, Inc. | 9,981 | 718,932 | ||||||
Robert Half International, Inc. | 39,027 | 2,066,089 | ||||||
2,785,021 | ||||||||
Road & Rail - 0.5% | ||||||||
Landstar System, Inc. | 3,727 | 467,701 | ||||||
Semiconductors & Semiconductor Equipment - 1.4% | ||||||||
Monolithic Power Systems, Inc. | 5,122 | 1,432,162 | ||||||
Software - 2.0% | ||||||||
CDK Global, Inc. | 35,859 | 1,563,094 | ||||||
Progress Software Corp. | 13,095 | 480,324 | ||||||
2,043,418 | ||||||||
Specialty Retail - 0.4% | ||||||||
Williams-Sonoma, Inc. | 4,298 | 388,711 | ||||||
Technology Hardware, Storage & Peripherals - 0.8% | ||||||||
Xerox Holdings Corp. | 43,399 | 814,599 | ||||||
Textiles, Apparel & Luxury Goods - 1.3% | ||||||||
Carter's, Inc. | 7,600 | 658,008 | ||||||
Hanesbrands, Inc. | 39,176 | 617,022 | ||||||
1,275,030 | ||||||||
Thrifts & Mortgage Finance - 0.4% | ||||||||
Radian Group, Inc. | 26,557 | 387,998 | ||||||
Tobacco - 0.7% | ||||||||
Universal Corp. | 8,375 | 350,745 | ||||||
Vector Group Ltd. | 41,201 | 399,238 | ||||||
749,983 | ||||||||
Trading Companies & Distributors - 4.0% | ||||||||
MSC Industrial Direct Co., Inc., Class A | 31,601 | 1,999,711 | ||||||
Watsco, Inc. | 8,561 | 1,993,772 | ||||||
3,993,483 | ||||||||
Water Utilities - 0.3% | ||||||||
American States Water Co. | 3,531 | 264,648 | ||||||
TOTAL COMMON STOCKS (Cost $98,425,052) | 99,830,512 | |||||||
Total Investments - 99.9% (Cost $98,425,052) | 99,830,512 | |||||||
Other assets less liabilities - 0.1% | 53,857 | |||||||
Net Assets - 100.0% | 99,884,369 |
OSI ETF Trust
O'Shares Global Internet Giants ETF
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS - 99.9% | ||||||||
Entertainment - 11.4% | ||||||||
Activision Blizzard, Inc. | 22,810 | 1,846,470 | ||||||
Bilibili, Inc., ADR* | 133,344 | 5,547,110 | ||||||
Electronic Arts, Inc.* | 8,313 | 1,084,098 | ||||||
NetEase, Inc., ADR | 10,978 | 4,991,367 | ||||||
Netflix, Inc.* | 11,710 | 5,855,351 | ||||||
Nexon Co. Ltd. | 103,300 | 2,566,593 | ||||||
Roku, Inc.* | 34,400 | 6,494,720 | ||||||
Spotify Technology SA* | 17,761 | 4,308,286 | ||||||
Tencent Music Entertainment Group, ADR* | 255,796 | 3,778,107 | ||||||
Ubisoft Entertainment SA* | 57,997 | 5,240,865 | ||||||
Zynga, Inc., Class A* | 535,438 | 4,883,195 | ||||||
46,596,162 | ||||||||
Interactive Media & Services - 18.0% | ||||||||
Alphabet, Inc., Class A* | 10,509 | 15,401,990 | ||||||
Baidu, Inc., ADR* | 14,841 | 1,878,722 | ||||||
Facebook, Inc., Class A* | 58,362 | 15,285,008 | ||||||
Match Group, Inc.* | 24,937 | 2,759,279 | ||||||
Pinterest, Inc., Class A* | 152,976 | 6,350,034 | ||||||
Snap, Inc., Class A* | 244,993 | 6,396,767 | ||||||
Tencent Holdings Ltd. | 247,000 | 16,302,000 | ||||||
Twitter, Inc.* | 60,653 | 2,699,059 | ||||||
Z Holdings Corp. | 350,000 | 2,318,298 | ||||||
Zillow Group, Inc., Class C* | 42,435 | 4,310,972 | ||||||
73,702,129 | ||||||||
Internet & Direct Marketing Retail - 30.8% | ||||||||
Alibaba Group Holding Ltd., ADR* | 80,669 | 23,715,073 | ||||||
Amazon.com, Inc.* | 7,371 | 23,209,289 | ||||||
Booking Holdings, Inc.* | 966 | 1,652,517 | ||||||
Chewy, Inc., Class A* | 75,663 | 4,148,602 | ||||||
Delivery Hero SE* | 55,555 | 6,392,182 | ||||||
eBay, Inc. | 21,809 | 1,136,249 | ||||||
Etsy, Inc.* | 40,895 | 4,974,059 | ||||||
Farfetch Ltd., Class A* | 174,074 | 4,379,702 | ||||||
HelloFresh SE* | 86,992 | 4,853,691 | ||||||
JD.com, Inc., ADR* | 75,832 | 5,885,321 | ||||||
Just Eat Takeaway* | 53,912 | 6,053,938 | ||||||
Meituan Dianping, Class B* | 347,500 | 10,842,000 | ||||||
MercadoLibre, Inc.* | 6,296 | 6,815,294 | ||||||
Ocado Group plc* | 104,759 | 3,716,266 | ||||||
Pinduoduo, Inc., ADR* | 99,684 | 7,391,569 | ||||||
Wayfair, Inc., Class A* | 13,921 | 4,051,150 | ||||||
Zalando SE* | 69,494 | 6,511,222 | ||||||
125,728,124 | ||||||||
IT Services - 8.4% | ||||||||
Fastly, Inc., Class A* | 62,460 | 5,851,253 | ||||||
MongoDB, Inc.* | 21,981 | 5,088,821 | ||||||
Okta, Inc.* | 24,169 | 5,168,541 | ||||||
Shopify, Inc., Class A* | 9,044 | 9,219,633 | ||||||
Twilio, Inc., Class A* | 19,937 | 4,926,233 | ||||||
Wix.com Ltd.* | 16,212 | 4,131,628 | ||||||
34,386,109 | ||||||||
Software - 31.3% | ||||||||
Adobe, Inc.* | 10,074 | 4,940,592 | ||||||
Anaplan, Inc.* | 61,635 | 3,857,118 | ||||||
Atlassian Corp. plc, Class A* | 22,649 | 4,117,362 | ||||||
Avalara, Inc.* | 28,540 | 3,634,284 | ||||||
Coupa Software, Inc.* | 16,752 | 4,594,068 | ||||||
Crowdstrike Holdings, Inc., Class A* | 46,524 | 6,388,676 | ||||||
DocuSign, Inc.* | 27,203 | 5,855,174 | ||||||
Elastic NV* | 34,999 | 3,776,042 | ||||||
Fortinet, Inc.* | 19,863 | 2,340,060 | ||||||
HubSpot, Inc.* | 11,566 | 3,379,932 | ||||||
Intuit, Inc. | 5,810 | 1,895,280 | ||||||
Kingdee International Software Group Co. Ltd.* | 1,732,000 | 4,469,677 | ||||||
Microsoft Corp. | 69,810 | 14,683,137 | ||||||
Palo Alto Networks, Inc.* | 11,302 | 2,766,164 | ||||||
RingCentral, Inc., Class A* | 14,004 | 3,845,638 | ||||||
salesforce.com, Inc.* | 20,892 | 5,250,577 | ||||||
ServiceNow, Inc.* | 11,993 | 5,816,605 | ||||||
Smartsheet, Inc., Class A* | 105,824 | 5,229,822 | ||||||
Splunk, Inc.* | 16,422 | 3,089,471 | ||||||
TeamViewer AG* | 78,151 | 3,860,036 | ||||||
Trade Desk, Inc. (The), Class A* | 10,792 | 5,598,674 | ||||||
VMware, Inc., Class A* | 10,167 | 1,460,693 | ||||||
Workday, Inc., Class A* | 14,120 | 3,037,636 | ||||||
Xero Ltd.* | 60,113 | 4,340,914 | ||||||
Zendesk, Inc.* | 38,141 | 3,925,472 | ||||||
Zoom Video Communications, Inc., Class A* | 22,263 | 10,466,059 | ||||||
Zscaler, Inc.* | 39,068 | 5,496,477 | ||||||
128,115,640 | ||||||||
TOTAL COMMON STOCKS (Cost $327,094,809) | 408,528,164 | |||||||
Total Investments - 99.9% (Cost $327,094,809) | 408,528,164 | |||||||
Other assets less liabilities - 0.1% | 238,758 | |||||||
Net Assets - 100.0% | 408,766,922 | |||||||
* | Non-income producing security. |
Abbreviations | |
ADR | American Depositary Receipt |
OSI ETF Trust
O'Shares Global Internet Giants ETF
Schedule of Investments
September 30, 2020 (Unaudited)
O'Shares Global Internet Giants ETF invested, as a percentage of net assets, in the following countries as of September 30, 2020:
Argentina | 1.7 | % | ||
Canada | 2.2 | % | ||
China | 20.7 | % | ||
France | 1.3 | % | ||
Germany | 5.3 | % | ||
Israel | 1.0 | % | ||
Japan | 1.2 | % | ||
Netherlands | 1.5 | % | ||
New Zealand | 1.0 | % | ||
United Kingdom | 2.0 | % | ||
United States | 62.0 | % | ||
Other(1) | 0.1 | % | ||
100.0 | % |
(1) | Includes cash and any non-equity securities and net other assets (liabilities). |
OSI ETF Trust
O'Shares Europe Quality Dividend ETF
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
COMMON STOCKS - 98.7% | ||||||||
Aerospace & Defense - 1.4% | ||||||||
BAE Systems plc | 41,725 | 260,001 | ||||||
Air Freight & Logistics - 1.6% | ||||||||
Deutsche Post AG (Registered) | 6,620 | 301,978 | ||||||
Beverages - 4.7% | ||||||||
Carlsberg A/S, Class B | 1,973 | 266,061 | ||||||
Diageo plc | 10,058 | 344,579 | ||||||
Pernod Ricard SA | 1,705 | 272,214 | ||||||
882,854 | ||||||||
Building Products - 1.5% | ||||||||
Geberit AG (Registered) | 479 | 284,559 | ||||||
Capital Markets - 1.4% | ||||||||
Partners Group Holding AG | 282 | 260,161 | ||||||
Diversified Financial Services - 2.5% | ||||||||
Investor AB, Class B | 7,275 | 477,142 | ||||||
Diversified Telecommunication Services - 5.5% | ||||||||
Deutsche Telekom AG (Registered) | 17,847 | 299,065 | ||||||
Elisa OYJ | 4,351 | 256,539 | ||||||
Koninklijke KPN NV | 98,944 | 232,866 | ||||||
Swisscom AG (Registered) | 481 | 255,800 | ||||||
1,044,270 | ||||||||
Electric Utilities - 2.7% | ||||||||
Iberdrola SA | 41,665 | 513,502 | ||||||
Siemens Energy AG* | 1 | 14 | ||||||
513,516 | ||||||||
Electrical Equipment - 4.8% | ||||||||
ABB Ltd. (Registered) | 11,889 | 303,453 | ||||||
Legrand SA | 3,301 | 263,919 | ||||||
Schneider Electric SE | 2,687 | 334,154 | ||||||
901,526 | ||||||||
Entertainment - 1.4% | ||||||||
Vivendi SA | 9,663 | 269,685 | ||||||
Food & Staples Retailing - 3.0% | ||||||||
Kesko OYJ, Class B | 11,162 | 287,961 | ||||||
Koninklijke Ahold Delhaize NV | 9,551 | 282,799 | ||||||
570,760 | ||||||||
Food Products - 6.5% | ||||||||
Danone SA | 4,503 | 291,586 | ||||||
Nestle SA (Registered) | 7,859 | 935,296 | ||||||
1,226,882 | ||||||||
Health Care Equipment & Supplies - 1.5% | ||||||||
Coloplast A/S, Class B | 1,745 | 275,863 | ||||||
Hotels, Restaurants & Leisure - 1.4% | ||||||||
Compass Group plc | 16,986 | 256,707 | ||||||
Household Products - 1.4% | ||||||||
Henkel AG & Co. KGaA | 2,853 | 267,311 | ||||||
Industrial Conglomerates - 1.9% | ||||||||
Siemens AG (Registered) | 2,787 | 352,571 | ||||||
Insurance - 1.3% | ||||||||
Admiral Group plc | 7,446 | 251,340 | ||||||
Machinery - 5.7% | ||||||||
Atlas Copco AB, Class A | 6,503 | 311,563 | ||||||
Kone OYJ, Class B | 5,374 | 473,014 | ||||||
Schindler Holding AG | 1,049 | 287,155 | ||||||
1,071,732 | ||||||||
Personal Products - 5.4% | ||||||||
L'Oreal SA | 1,071 | 348,640 | ||||||
Unilever plc | 11,078 | 684,001 | ||||||
1,032,641 | ||||||||
Pharmaceuticals - 20.4% | ||||||||
AstraZeneca plc | 4,016 | 439,078 | ||||||
GlaxoSmithKline plc | 19,065 | 357,878 | ||||||
Merck KGaA | 2,296 | 335,339 | ||||||
Novartis AG (Registered) | 6,044 | 525,688 | ||||||
Novo Nordisk A/S, Class B | 10,302 | 713,037 | ||||||
Roche Holding AG | 2,632 | 902,830 | ||||||
Sanofi | 5,913 | 591,668 | ||||||
3,865,518 | ||||||||
Professional Services - 6.8% | ||||||||
Experian plc | 7,746 | 292,410 | ||||||
RELX plc | 20,290 | 452,745 | ||||||
SGS SA (Registered) | 101 | 271,422 | ||||||
Wolters Kluwer NV | 3,246 | 277,260 | ||||||
1,293,837 | ||||||||
Semiconductors & Semiconductor Equipment - 2.3% | ||||||||
ASML Holding NV | 1,194 | 440,625 | ||||||
Software - 5.1% | ||||||||
Sage Group plc (The) | 27,888 | 259,874 | ||||||
SAP SE | 4,597 | 715,666 | ||||||
975,540 | ||||||||
Specialty Retail - 1.5% | ||||||||
Industria de Diseno Textil SA | 10,499 | 293,017 | ||||||
Textiles, Apparel & Luxury Goods - 3.6% | ||||||||
Cie Financiere Richemont SA (Registered) | 4,166 | 279,774 | ||||||
LVMH Moet Hennessy Louis Vuitton SE | 872 | 408,407 | ||||||
688,181 | ||||||||
Tobacco - 3.4% | ||||||||
British American Tobacco plc | 10,240 | 367,693 |
OSI ETF Trust
O'Shares Europe Quality Dividend ETF
Schedule of Investments
September 30, 2020 (Unaudited)
Investments | Shares | Value ($) | ||||||
Swedish Match AB | 3,296 | 269,867 | ||||||
637,560 | ||||||||
TOTAL COMMON STOCKS (Cost $17,319,722) | 18,695,777 | |||||||
Total Investments - 98.7% (Cost $17,319,722) | 18,695,777 | |||||||
Other assets less liabilities - 1.3% | 249,522 | |||||||
Net Assets - 100.0% | 18,945,299 | |||||||
* | Non-income producing security. |
Abbreviations | |
OYJ | Public Limited Company |
O'Shares Europe Quality Dividend ETF invested, as a percentage of net assets, in the following countries as of September 30, 2020:
Denmark | 6.6 | % | ||
Finland | 5.4 | % | ||
France | 14.7 | % | ||
Germany | 12.0 | % | ||
Netherlands | 6.5 | % | ||
Spain | 4.3 | % | ||
Sweden | 5.6 | % | ||
Switzerland | 22.7 | % | ||
United Kingdom | 20.9 | % | ||
Other(1) | 1.3 | % | ||
100.0 | % |
(1) | Includes cash and any non-equity securities and net other assets (liabilities). |