O'Shares FTSE U.S. Quality Dividend
ALTAR
Score™
5.9% info Recommen-
dation
NEUTRAL
2019E    2020E
P/E
ratio
17.6x P/Sales
ratio
2.5x
P/BV
ratio
4.1x Div.
yield
3.1%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
O'Shares FTSE U.S. Quality Dividend ETF seeks investment performance that correlates generally to price and yield before fees and expenses of the FTSE U.S. Qual/Vol/5% Capped Factor Index

FUND BASICS
Category US Equities
Fund Sponsor FFCM LLC
Website www.oshares.com
Inception date Jul 14, 2015
Assets (mns) $566
Currency USD
Expense ratio 48 bp
Distributions Monthly

FUND STRUCTURE
Regulation Open-End Investment Company
Custodian Foreside Fund Services
Weighting Multi-Factor
Index replication Full
Uses derivatives No
Options available Yes

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 137
Wgt avg mkt cap (mns) $234,681
Large cap (>$10bn) 98.8%
Mid cap ($2-10bn) 1.2%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
APPLE INC 6.0 %
JOHNSON & JOHNSON 5.2 %
EXXON MOBIL CORP 4.6 %
PROCTER & GAMBLE CO/THE 3.8 %
CHEVRON CORP 3.2 %
PFIZER INC 3.0 %
HOME DEPOT INC 2.9 %
VERIZON COMMUNICATIONS INC 2.8 %
MERCK & CO. INC. 2.7 %
PEPSICO INC 2.6 %
Total 36.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.6 %
IRELAND 2.5 %
SWITZERLAND 0.4 %
BRITAIN 0.3 %







HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
21.8% 12.2% -- -- 11.5%

Market Correlations
versus... Beta R-squared
S&P500 0.78 85%
MSCI EAFE 0.69 56%
MSCI Emg. Mkts. 0.47 41%

Technical Indicators
Recent close $35.95
30d moving avg. $35.49
Annualized volatility 10.2%
Short interest (ETF) 0.0%
Short interest (Underlying) 1.9%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 44
Turnover 0.3%
Bid/Ask (% of price) 0.16%
ADV underlying (mns) $45,570

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the O'Shares FTSE U.S. Quality Dividend ETF based on the alternatives' overlap in portfolio holdings with OUSA. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OUSA Expense: 48 bp ALTAR Score™: 5.9%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OUSA
Ticker Fund
Name
Overlap1
vs OUSA
(%)
Expense
ratio
(bp)
Savings
vs OUSA
(bp)
ALTAR
Score™
(%)
ALTAR
vs OUSA
(%)
OYLD Invesco Russell 1000 Yield Factor ETF 56.9 19 29 7.0 +1.1
VYM Vanguard High Dividend Yield ETF 55.7 6 42 7.2 +1.3
DLN WisdomTree Large Cap Dividend 51.2 28 20 6.5 +0.6
DGRO iShares Core Dividend Growth 50.7 8 40 6.4 +0.5
SCHV Schwab U.S. Large-Cap Value 50.3 4 44 6.9 +1.0
QARP Xtrackers Russell 1000 US QARP 49.9 19 29 6.4 +0.5
MGV Vanguard Mega Cap 300 Value 47.8 7 41 7.0 +1.1
DGRW WisdomTree US Dividend Growth 47.4 28 20 6.7 +0.8
OVOL Invesco Russell 1000 Low Volatility Factor ETF 46.6 19 29 5.6 -0.3
USDY Pacific Global US Equity Income 46.4 29 19 7.4 +1.5
FDRR Fidelity Dividend for Rising Rates 46.1 29 19 7.7 +1.8
SPHQ Invesco S&P High Quality Portfolio 46.0 15 33 5.6 -0.3
VTV Vanguard Value ETF 45.9 4 44 7.1 +1.2
DURA VanEck Vectors Morningstar Durable Dividend 45.7 29 19 6.7 +0.8
DTD WisdomTree Total Dividend 45.5 28 20 6.5 +0.6
PFM Invesco Dividend Achievers 45.4 54 -6 5.4 -0.5
USMC Principal U.S. Mega-Cap Multi-Factor Index 45.3 12 36 5.4 -0.5
HDV iShares High Dividend 45.2 8 40 6.6 +0.7
DIVB iShares U.S. Dividend & Buyback 45.0 25 23 6.6 +0.7
DHS WisdomTree Equity Income 44.6 38 10 7.2 +1.3

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2014 2015 2016 2017 2018 2019E 2020E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2018 2019E 2020E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
O'Shares FTSE U.S. Quality Dividend
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 23.5 %
Divided by: Fwd. P/BV 3.7 x
Less: Expense ratio 48 bp
Equals: ALTAR Score 5.9 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.63 CATEGORY
AVERAGE
1.56
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.