0001752724-21-092474.txt : 20210514 0001752724-21-092474.hdr.sgml : 20210514 20210514125625 ACCESSION NUMBER: 0001752724-21-092474 CONFORMED SUBMISSION TYPE: NPORT-P PUBLIC DOCUMENT COUNT: 2 CONFORMED PERIOD OF REPORT: 20210331 FILED AS OF DATE: 20210514 PERIOD START: 20210630 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OSI ETF Trust CENTRAL INDEX KEY: 0001672826 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: NPORT-P SEC ACT: 1940 Act SEC FILE NUMBER: 811-23167 FILM NUMBER: 21923265 BUSINESS ADDRESS: STREET 1: 60 STATE STREET STREET 2: STE 700 CITY: BOSTON STATE: MA ZIP: 02109 BUSINESS PHONE: 617-855-7670 MAIL ADDRESS: STREET 1: 60 STATE STREET STREET 2: STE 700 CITY: BOSTON STATE: MA ZIP: 02109 0001672826 S000061854 O'Shares Europe Quality Dividend ETF C000200256 O'Shares Europe Quality Dividend ETF OEUR NPORT-P 1 primary_doc.xml NPORT-P false 0001672826 XXXXXXXX S000061854 C000200256 OSI ETF Trust 811-23167 0001672826 549300GNXV2CM1BGXJ27 75 State Street Suite 100 Boston 02109 617-855-7670 O'Shares Europe Quality Dividend ETF S000061854 549300SDEC2UY93G3T66 2021-06-30 2021-03-31 N 21665297.38 25830.06 21639467.32 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 0.00000000 59721.82000000 N Partners Group Holding AG 549300I3IVVWZWDHI788 Partners Group Holding AG N/A 297.00000000 NS 380894.65000000 1.760184963739 Long EC CORP CH N 1 N N N Experian plc 635400RXXHHYT1JTSZ26 Experian plc N/A 8136.00000000 NS 280294.22000000 1.295291680959 Long EC CORP JE N 1 N N N Danone SA 969500KMUQ2B6CBAF162 Danone SA N/A 4758.00000000 NS 327136.53000000 1.511758700722 Long EC CORP FR N 1 N N N Sanofi 549300E9PC51EN656011 Sanofi N/A 6251.00000000 NS 618967.93000000 2.860365834550 Long EC CORP FR N 1 N N N British American Tobacco plc 213800FKA5MF17RJKT63 British American Tobacco plc N/A 10828.00000000 NS 414418.73000000 1.915105967589 Long EC CORP GB N 1 N N N Compass Group plc 2138008M6MH9OZ6U2T68 Compass Group plc N/A 17916.00000000 NS 361263.88000000 1.669467527355 Long EC CORP GB N 1 N N N Elisa OYJ 743700TU2S3DXWGU7H32 Elisa OYJ N/A 4571.00000000 NS 274739.23000000 1.269621039821 Long EC CORP FI N 1 N N N Coloplast A/S 529900NN7SOJ5QG82X67 Coloplast A/S, Class B N/A 1854.00000000 NS 279449.93000000 1.291390059965 Long EC CORP DK N 1 N N N Swedish Match AB 529900YVXCGNWAUYZG78 Swedish Match AB N/A 3502.00000000 NS 273930.87000000 1.265885458034 Long EC CORP SE N 1 N N N Industria de Diseno Textil SA 549300TTCXZOGZM2EY83 Industria de Diseno Textil SA N/A 11066.00000000 NS 365464.94000000 1.688881406346 Long EC CORP ES N 1 N N N Deutsche Post AG 8ER8GIG7CSMVD8VUFE78 Deutsche Post AG (Registered) N/A 6994.00000000 NS 384040.65000000 1.774723214397 Long EC CORP DE N 1 N N N LVMH Moet Hennessy Louis Vuitton SE IOG4E947OATN0KJYSD45 LVMH Moet Hennessy Louis Vuitton SE N/A 921.00000000 NS 614940.59000000 2.841754747962 Long EC CORP FR N 1 N N N RELX plc 549300WSX3VBUFFJOO66 RELX plc N/A 21469.00000000 NS 538801.98000000 2.489904081428 Long EC CORP GB N 1 N N N Schindler Holding AG 5299007DRLI319H7Q933 Schindler Holding AG N/A 1107.00000000 NS 326518.83000000 1.508904194227 Long EC CORP CH N 1 N N N Koninklijke KPN NV 549300YO0JZHAL7FVP81 Koninklijke KPN NV N/A 104289.00000000 NS 354720.08000000 1.639227411444 Long EC CORP NL N 1 N N N Schneider Electric SE 969500A1YF1XUYYXS284 Schneider Electric SE N/A 2844.00000000 NS 435367.56000000 2.011914404185 Long EC CORP FR N 1 N N N Wolters Kluwer NV 724500TEM53I0U077B74 Wolters Kluwer NV N/A 3393.00000000 NS 295575.21000000 1.365907975594 Long EC CORP NL N 1 N N N Iberdrola SA 5QK37QC7NWOJ8D7WVQ45 Iberdrola SA N/A 44056.00000000 NS 568792.50000000 2.628495847835 Long EC CORP ES N 1 N N N Cie Financiere Richemont SA 549300YIPGJ6UX2QPS51 Cie Financiere Richemont SA (Registered) N/A 4406.00000000 NS 424799.91000000 1.963079329625 Long EC CORP CH N 1 N N N Legrand SA 969500XXRPGD7HCAFA90 Legrand SA N/A 3487.00000000 NS 325074.86000000 1.502231340507 Long EC CORP FR N 1 N N N ABB Ltd. 5493000LKVGOO9PELI61 ABB Ltd. (Registered) N/A 12520.00000000 NS 379930.09000000 1.755727552724 Long EC CORP CH N 1 N N N BAE Systems plc 8SVCSVKSGDWMW2QHOH83 BAE Systems plc N/A 44333.00000000 NS 308889.51000000 1.427435830245 Long EC CORP GB N 1 N N N Koninklijke Ahold Delhaize NV 724500C9GNBV20UYRX36 Koninklijke Ahold Delhaize NV N/A 10021.00000000 NS 279719.93000000 1.292637780142 Long EC CORP NL N 1 N N N Swisscom AG 5493005SL9HHOXS3B739 Swisscom AG (Registered) N/A 505.00000000 NS 272044.84000000 1.257169762901 Long EC CORP CH N 1 N N N ASML Holding NV 724500Y6DUVHQD6OXN27 ASML Holding NV N/A 1262.00000000 NS 766829.19000000 3.543660195790 Long EC CORP NL N 1 N N N Sage Group plc (The) 2138005RN5XYLTF8G138 Sage Group plc (The) N/A 29631.00000000 NS 250524.23000000 1.157719024665 Long EC CORP GB N 1 N N N GlaxoSmithKline plc 5493000HZTVUYLO1D793 GlaxoSmithKline plc N/A 20162.00000000 NS 358289.55000000 1.655722595670 Long EC CORP GB N 1 N N N SAP SE 529900D6BF99LW9R2E68 SAP SE N/A 4854.00000000 NS 595706.31000000 2.752869565552 Long EC CORP DE N 1 N N N Diageo plc 213800ZVIELEA55JMJ32 Diageo plc N/A 10599.00000000 NS 437167.76000000 2.020233462937 Long EC CORP GB N 1 N N N Investor AB 549300VEBQPHRZBKUX38 Investor AB, Class B N/A 7692.00000000 NS 614562.23000000 2.840006276087 Long EC CORP SE N 1 N N N Unilever plc 549300MKFYEKVRWML317 Unilever plc N/A 11715.00000000 NS 655578.81000000 3.029551514856 Long EC CORP GB N 1 N N N Novo Nordisk A/S 549300DAQ1CVT6CXN342 Novo Nordisk A/S, Class B N/A 10841.00000000 NS 736244.72000000 3.402323676052 Long EC CORP DK N 1 N N N Roche Holding AG 549300U41AUUVOAAOB37 Roche Holding AG N/A 2776.00000000 NS 900950.11000000 4.163457892363 Long EC CORP CH N 1 N N N Vivendi SE 969500FU4DRAEVJW7U54 Vivendi SE N/A 10209.00000000 NS 335961.86000000 1.552542190765 Long EC CORP FR N 1 N N N Kesko OYJ 743700OX6HSVMCAHPB95 Kesko OYJ, Class B N/A 11793.00000000 NS 361476.96000000 1.670452209634 Long EC CORP FI N 1 N N N Henkel AG & Co. KGaA 549300VZCL1HTH4O4Y49 Henkel AG & Co. KGaA N/A 2994.00000000 NS 297166.73000000 1.373262685284 Long EC CORP DE N 1 N N N Geberit AG 52990093Z5OHD6T7BS47 Geberit AG (Registered) N/A 501.00000000 NS 320248.21000000 1.479926493865 Long EC CORP CH N 1 N N N Atlas Copco AB 213800T8PC8Q4FYJZR07 Atlas Copco AB, Class A N/A 6856.00000000 NS 418141.83000000 1.932311104597 Long EC CORP SE N 1 N N N Siemens AG W38RGI023J3WT1HWRP32 Siemens AG (Registered) N/A 2949.00000000 NS 485234.36000000 2.242358154313 Long EC CORP DE N 1 N N N AstraZeneca plc PY6ZZQWO2IZFZC3IOL08 AstraZeneca plc N/A 4247.00000000 NS 424644.19000000 1.962359718566 Long EC CORP GB N 1 N N N Carlsberg A/S 5299001O0WJQYB5GYZ19 Carlsberg A/S, Class B N/A 2085.00000000 NS 321121.53000000 1.483962267884 Long EC CORP DK N 1 N N N Kone OYJ 2138001CNF45JP5XZK38 Kone OYJ, Class B N/A 5686.00000000 NS 465520.77000000 2.151257991317 Long EC CORP FI N 1 N N N Nestle SA KY37LUS27QQX7BB93L28 Nestle SA (Registered) N/A 8290.00000000 NS 927873.98000000 4.287878099210 Long EC CORP CH N 1 N N N Admiral Group plc 213800FGVM7Z9EJB2685 Admiral Group plc N/A 7820.00000000 NS 334574.77000000 1.546132190096 Long EC CORP GB N 1 N N N SGS SA 2138007JNS19JHNA2336 SGS SA (Registered) N/A 107.00000000 NS 304804.76000000 1.408559441379 Long EC CORP CH N 1 N N N Deutsche Telekom AG 549300V9QSIG4WX4GJ96 Deutsche Telekom AG (Registered) N/A 18855.00000000 NS 380492.03000000 1.758324381896 Long EC CORP DE N 1 N N N Novartis AG 5493007HIVTX6SY6XD66 Novartis AG (Registered) N/A 6380.00000000 NS 547535.04000000 2.530261174654 Long EC CORP CH N 1 N N N L'Oreal SA 529900JI1GG6F7RKVI53 L'Oreal SA N/A 1132.00000000 NS 434787.66000000 2.009234578515 Long EC CORP FR N 1 N N N Pernod Ricard SA 52990097YFPX9J0H5D87 Pernod Ricard SA N/A 1801.00000000 NS 338780.28000000 1.565566633365 Long EC CORP FR N 1 N N N Merck KGaA 529900OAREIS0MOPTW25 Merck KGaA N/A 2426.00000000 NS 415716.30000000 1.921102279702 Long EC CORP DE N 1 N N N 2021-04-30 OSI ETF Trust Joshua Hunter Joshua Hunter Principal Financial Officer and Treasurer XXXX NPORT-EX 2 osi-nportex_033121.htm osi-nportex_033121

1

OSI ETF Trust

O’Shares U.S. Quality Dividend ETF

Schedule of Investments

March 31, 2021 (unaudited)

Investments

 

Shares

 

Value ($)

COMMON STOCKS - 100.0%

 

​

​

​

Aerospace & Defense - 3.5%

General Dynamics Corp.

14,724

​

$2,673,289​

L3Harris Technologies, Inc.

4,855

​

984,011

Lockheed Martin Corp.

39,189

​

14,480,336

Northrop Grumman Corp.

11,969

​

3,873,647

 

​

​

22,011,283

Air Freight & Logistics - 1.7%

CH Robinson Worldwide, Inc.

10,667

​

1,017,952

Expeditors International of Washington, Inc.

19,129

​

2,060,002

United Parcel Service, Inc., Class B

44,549

​

7,572,884

 

​

​

10,650,838

Banks - 0.8%

JPMorgan Chase & Co.

31,957

​

4,864,814

 

​

​

​

Beverages - 4.4%

Brown-Forman Corp., Class B

12,347

​

851,573

Coca-Cola Co. (The)

262,032

​

13,811,707

PepsiCo, Inc.

94,279

​

13,335,764

 

​

​

27,999,044

Biotechnology - 3.2%

AbbVie, Inc.

46,525

​

5,034,936

Amgen, Inc.

62,863

​

15,640,943

 

​

​

20,675,879

Building Products - 0.2%

Trane Technologies plc

7,225

​

1,196,171

 

​

​

​

Capital Markets - 3.2%

CME Group, Inc.

11,555

​

2,359,878

Moody’s Corp.

8,722

​

2,604,476

MSCI, Inc.

4,625

​

1,939,170

S&P Global, Inc.

25,047

​

8,838,335

T. Rowe Price Group, Inc.

26,648

​

4,572,797

 

​

​

20,314,656

Commercial Services & Supplies - 0.7%

Cintas Corp.

2,823

​

963,518

Waste Management, Inc.

26,044

​

3,360,197

 

​

​

4,323,715

Communications Equipment - 3.5%

Cisco Systems, Inc.

411,052

​

21,255,499

Motorola Solutions, Inc.

6,205

​

1,166,850

 

​

​

22,422,349

Diversified Telecommunication Services - 4.7%

AT&T, Inc.

203,237

​

6,151,984

Verizon Communications, Inc.

412,247

​

23,972,163

 

​

​

30,124,147

Electric Utilities - 1.2%

NextEra Energy, Inc.

105,458

​

7,973,679

 

​

​

Investments

 

Shares

 

Value ($)

Electrical Equipment - 0.4%

Emerson Electric Co.

15,281

​

$1,378,652​

Rockwell Automation, Inc.

4,538

​

1,204,567

 

​

​

2,583,219

Electronic Equipment, Instruments & Components - 0.1%

Amphenol Corp., Class A

14,050

​

926,878

 

​

​

​

Food & Staples Retailing - 2.3%

Costco Wholesale Corp.

17,567

​

6,192,016

Walmart, Inc.

60,579

​

8,228,446

 

​

​

14,420,462

Food Products - 1.2%

General Mills, Inc.

27,727

​

1,700,220

Hershey Co. (The)

8,717

​

1,378,681

Hormel Foods Corp.

32,426

​

1,549,314

Kellogg Co.

8,846

​

559,952

Mondelez International, Inc., Class A

43,253

​

2,531,598

 

​

​

7,719,765

Health Care Equipment & Supplies - 1.8%

Abbott Laboratories

26,259

​

3,146,878

Medtronic plc

58,095

​

6,862,762

Stryker Corp.

5,201

​

1,266,860

 

​

​

11,276,500

Health Care Providers & Services - 3.1%

Anthem, Inc.

2,923

​

1,049,211

CVS Health Corp.

29,855

​

2,245,992

UnitedHealth Group, Inc.

44,602

​

16,595,066

 

​

​

19,890,269

Health Care Technology - 0.1%

Cerner Corp.

12,659

​

909,929

 

​

​

​

Hotels, Restaurants & Leisure - 2.8%

McDonald’s Corp.

51,801

​

11,610,676

Starbucks Corp.

40,344

​

4,408,389

Yum! Brands, Inc.

15,095

​

1,632,977

 

​

​

17,652,042

Household Durables - 0.2%

Garmin Ltd.

10,312

​

1,359,637

 

​

​

​

Household Products - 6.2%

Church & Dwight Co., Inc.

9,930

​

867,386

Clorox Co. (The)

11,447

​

2,207,897

Colgate-Palmolive Co.

77,205

​

6,086,070

Kimberly-Clark Corp.

35,229

​

4,898,592

Procter & Gamble Co. (The)

187,636

​

25,411,544

 

​

​

39,471,489

Industrial Conglomerates - 4.9%

3M Co.

76,728

​

14,783,951

Honeywell International, Inc.

74,406

​

16,151,310

 

​

​

30,935,261

​

2

OSI ETF Trust

O’Shares U.S. Quality Dividend ETF

Schedule of Investments

March 31, 2021 (unaudited)

Investments

 

Shares

 

Value ($)

Insurance - 2.4%

Allstate Corp. (The)

35,466

​

$4,075,043​

Aon plc, Class A

16,062

​

3,696,027

Marsh & McLennan Cos., Inc.

60,541

​

7,373,894

 

​

​

15,144,964

Internet & Direct Marketing Retail - 0.3%

eBay, Inc.

28,213

​

1,727,764

 

​

​

​

IT Services - 4.6%

Accenture plc, Class A

29,342

​

8,105,728

Amdocs Ltd.

8,918

​

625,598

Automatic Data Processing, Inc.

14,330

​

2,700,775

Broadridge Financial Solutions, Inc.

3,800

​

581,780

Cognizant Technology Solutions Corp., Class A

15,377

​

1,201,251

International Business Machines Corp.

16,539

​

2,203,987

Jack Henry & Associates, Inc.

2,557

​

387,948

Mastercard, Inc., Class A

8,553

​

3,045,296

Paychex, Inc.

18,547

​

1,817,977

Visa, Inc., Class A

40,150

​

8,500,959

Western Union Co. (The)

19,152

​

472,288

 

​

​

29,643,587

Machinery - 1.7%

Cummins, Inc.

4,887

​

1,266,271

IDEX Corp.

5,060

​

1,059,159

Illinois Tool Works, Inc.

33,718

​

7,469,211

PACCAR, Inc.

9,929

​

922,603

 

​

​

10,717,244

Media - 2.1%

Comcast Corp., Class A

247,029

​

13,366,739

 

​

​

​

Multiline Retail - 0.7%

Dollar General Corp.

6,744

​

1,366,469

Target Corp.

14,636

​

2,898,953

 

​

​

4,265,422

Multi-Utilities - 0.4%

WEC Energy Group, Inc.

28,115

​

2,631,283

 

​

​

​

Pharmaceuticals - 14.0%

Eli Lilly and Co.

71,576

​

13,371,828

Johnson & Johnson

195,071

​

32,059,919

Merck & Co., Inc.

312,492

​

24,090,008

Pfizer, Inc.

522,957

​

18,946,732

Zoetis, Inc.

6,089

​

958,896

 

​

​

89,427,383

Road & Rail - 1.5%

CSX Corp.

13,016

​

1,255,002

Norfolk Southern Corp.

4,915

​

1,319,776

Union Pacific Corp.

32,746

​

7,217,546

 

​

​

9,792,324

Investments

 

Shares

 

Value ($)

Semiconductors & Semiconductor Equipment - 4.5%

Analog Devices, Inc.

4,668

​

$723,913​

Broadcom, Inc.

1,831

​

848,961

Intel Corp.

178,502

​

11,424,128

Maxim Integrated Products, Inc.

8,304

​

758,737

Texas Instruments, Inc.

79,940

​

15,107,861

 

​

​

28,863,600

Software - 6.8%

Citrix Systems, Inc.

4,262

​

598,214

Intuit, Inc.

3,624

​

1,388,209

Microsoft Corp.

139,424

​

32,871,997

Oracle Corp.

117,911

​

8,273,815

 

​

​

43,132,235

Specialty Retail - 5.7%

Home Depot, Inc. (The)

105,014

​

32,055,524

Lowe’s Cos., Inc.

23,801

​

4,526,474

 

​

​

36,581,998

Technology Hardware, Storage & Peripherals - 2.9%

Apple, Inc.

152,585

​

18,638,258

 

​

​

​

Textiles, Apparel & Luxury Goods - 0.6%

NIKE, Inc., Class B

27,492

​

3,653,412

 

​

​

​

Tobacco - 1.2%

Philip Morris International, Inc.

88,035

​

7,812,226

 

​

​

​

Trading Companies & Distributors - 0.4%

Fastenal Co.

47,292

​

2,377,842

 

​

​

​

TOTAL COMMON STOCKS
(COST $537,320,682)

​

637,478,307

Total Investments - 100.0%
(Cost $537,320,682)

​

637,478,307

Other assets less liabilities - 0.0%†

​

232,968

Net Assets - 100.0%

​

$637,711,275

†Amount rounds to less than 0.1%.


​

3

OSI ETF Trust

O’Shares U.S. Small-Cap Quality Dividend ETF

Schedule of Investments

March 31, 2021 (unaudited)

Investments

Shares

 

Value ($)

COMMON STOCKS - 99.9%

 

​

​

​

Auto Components - 3.5%

BorgWarner, Inc.

24,817

​

$1,150,516​

Gentex Corp.

83,661

​

2,984,188

Lear Corp.

3,881

​

703,431

 

​

​

4,838,135

Building Products - 2.6%

A O Smith Corp.

45,542

​

3,079,095

Simpson Manufacturing Co., Inc.

5,455

​

565,847

 

​

​

3,644,942

Capital Markets - 9.2%

Artisan Partners Asset Management, Inc., Class A

30,047

​

1,567,552

Cohen & Steers, Inc.

12,018

​

785,136

Evercore, Inc., Class A

15,798

​

2,081,229

Federated Hermes, Inc.

17,983

​

562,868

Hamilton Lane, Inc., Class A

7,315

​

647,816

Houlihan Lokey, Inc.

38,089

​

2,533,299

Lazard Ltd., Class A

31,033

​

1,350,246

Moelis & Co., Class A

24,728

​

1,357,073

Morningstar, Inc.

5,005

​

1,126,325

Virtu Financial, Inc., Class A

21,507

​

667,792

 

​

​

12,679,336

Commercial Services & Supplies - 2.7%

Brady Corp., Class A

17,226

​

920,730

Ennis, Inc.

23,708

​

506,166

Healthcare Services Group, Inc.

19,737

​

553,228

MSA Safety, Inc.

4,319

​

647,936

Tetra Tech, Inc.

5,952

​

807,805

UniFirst Corp.

1,283

​

287,020

 

​

​

3,722,885

Consumer Finance - 1.1%

FirstCash, Inc.

23,895

​

1,569,185

 

​

​

​

Diversified Consumer Services - 2.5%

Graham Holdings Co., Class B

1,537

​

864,470

Service Corp. International

50,876

​

2,597,220

 

​

​

3,461,690

Diversified Telecommunication Services - 1.1%

Cogent Communications Holdings, Inc.

21,756

​

1,495,942

 

​

​

​

Electric Utilities - 2.6%

ALLETE, Inc.

8,586

​

576,893

Hawaiian Electric Industries, Inc.

12,189

​

541,557

IDACORP, Inc.

8,262

​

825,952

MGE Energy, Inc.

2,384

​

170,194

Otter Tail Corp.

6,570

​

303,337

PNM Resources, Inc.

5,770

​

283,018

Portland General Electric Co.

19,161

​

909,573

 

​

​

3,610,524

Investments

Shares

 

Value ($)

Electronic Equipment, Instruments & Components - 7.6%

Badger Meter, Inc.

7,278

​

$677,364​

Dolby Laboratories, Inc., Class A

34,031

​

3,359,540

FLIR Systems, Inc.

51,114

​

2,886,408

Littelfuse, Inc.

3,489

​

922,631

National Instruments Corp.

62,542

​

2,700,876

 

​

​

10,546,819

Food & Staples Retailing - 1.0%

Casey’s General Stores, Inc.

3,960

​

856,112

Weis Markets, Inc.

9,976

​

563,844

 

​

​

1,419,956

Food Products - 5.9%

Flowers Foods, Inc.

93,933

​

2,235,605

Ingredion, Inc.

27,717

​

2,492,313

J & J Snack Foods Corp.

6,149

​

965,577

Lancaster Colony Corp.

10,580

​

1,855,309

Tootsie Roll Industries, Inc.

19,060

​

631,458

 

​

​

8,180,262

Gas Utilities - 2.5%

Chesapeake Utilities Corp.

1,474

​

171,102

National Fuel Gas Co.

8,942

​

447,011

New Jersey Resources Corp.

12,240

​

488,009

Northwest Natural Holding Co.

2,205

​

118,960

ONE Gas, Inc.

7,606

​

584,977

Southwest Gas Holdings, Inc.

3,502

​

240,622

Spire, Inc.

3,834

​

283,294

UGI Corp.

26,682

​

1,094,229

 

​

​

3,428,204

Health Care Equipment & Supplies - 1.5%

Hill-Rom Holdings, Inc.

18,790

​

2,075,919

 

​

​

​

Health Care Providers & Services - 5.3%

Encompass Health Corp.

34,685

​

2,840,702

National HealthCare Corp.

36,039

​

2,807,798

Premier, Inc., Class A

47,898

​

1,621,347

 

​

​

7,269,847

Household Durables - 3.6%

Leggett & Platt, Inc.

35,729

​

1,631,029

MDC Holdings, Inc.

12,101

​

718,799

Whirlpool Corp.

11,953

​

2,633,844

 

​

​

4,983,672

Household Products - 1.0%

WD-40 Co.

4,720

​

1,445,170

 

​

​

​

Insurance - 7.8%

AMERISAFE, Inc.

9,313

​

596,032

Erie Indemnity Co., Class A

10,009

​

2,211,088

Fidelity National Financial, Inc.

66,772

​

2,714,950

First American Financial Corp.

42,166

​

2,388,704

Kemper Corp.

6,970

​

555,648

Safety Insurance Group, Inc.

15,739

​

1,326,011

Stewart Information Services Corp.

18,200

​

946,946

 

​

​

10,739,379

​

4

OSI ETF Trust

O’Shares U.S. Small-Cap Quality Dividend ETF

Schedule of Investments

March 31, 2021 (unaudited)

Investments

Shares

 

Value ($)

IT Services - 4.8%

CSG Systems International, Inc.

23,196

​

$1,041,268​

Genpact Ltd.

47,531

​

2,035,277

MAXIMUS, Inc.

30,713

​

2,734,686

NIC, Inc.

24,822

​

842,211

 

​

​

6,653,442

Life Sciences Tools & Services - 2.5%

Bio-Techne Corp.

8,948

​

3,417,510

 

​

​

​

Machinery - 8.8%

Donaldson Co., Inc.

31,411

​

1,826,864

Franklin Electric Co., Inc.

4,300

​

339,442

Graco, Inc.

37,312

​

2,672,285

ITT, Inc.

5,872

​

533,824

Snap-on, Inc.

14,923

​

3,443,333

Toro Co. (The)

26,988

​

2,783,542

Watts Water Technologies, Inc., Class A

4,927

​

585,377

 

​

​

12,184,667

Media - 3.2%

Interpublic Group of Cos., Inc. (The)

130,115

​

3,799,358

New York Times Co. (The), Class A

11,009

​

557,276

 

​

​

4,356,634

Multi-Utilities - 1.6%

Avista Corp.

6,700

​

319,925

Black Hills Corp.

5,630

​

375,915

MDU Resources Group, Inc.

33,843

​

1,069,777

NorthWestern Corp.

7,283

​

474,852

 

​

​

2,240,469

Professional Services - 4.9%

Exponent, Inc.

11,045

​

1,076,335

ManTech International Corp., Class A

16,318

​

1,418,850

Robert Half International, Inc.

43,235

​

3,375,357

Science Applications International Corp.

10,019

​

837,488

 

​

​

6,708,030

Road & Rail - 0.5%

Landstar System, Inc.

4,038

​

666,512

 

​

​

​

Semiconductors & Semiconductor Equipment - 1.5%

Monolithic Power Systems, Inc.

5,660

​

1,999,169

 

​

​

​

Software - 2.4%

CDK Global, Inc.

39,652

​

2,143,587

InterDigital, Inc.

7,542

​

478,540

Progress Software Corp.

14,191

​

625,255

 

​

​

3,247,382

Specialty Retail - 0.6%

Williams-Sonoma, Inc.

4,656

​

834,355

 

​

​

Investments

Shares

 

Value ($)

Technology Hardware, Storage & Peripherals - 0.8%

Xerox Holdings Corp.

48,007

​

$1,165,130​

 

​

​

​

Textiles, Apparel & Luxury Goods - 1.1%

Carter’s, Inc.*

8,236

​

732,428

Hanesbrands, Inc.

43,248

​

850,688

 

​

​

1,583,116

Thrifts & Mortgage Finance - 0.5%

Radian Group, Inc.

29,492

​

685,689

 

​

​

​

Tobacco - 0.9%

Universal Corp.

9,369

​

552,677

Vector Group Ltd.

45,690

​

637,376

 

​

​

1,190,053

Trading Companies & Distributors - 4.1%

MSC Industrial Direct Co., Inc., Class A

34,924

​

3,149,796

Watsco, Inc.

9,490

​

2,474,517

 

​

​

5,624,313

Water Utilities - 0.2%

American States Water Co.

3,761

​

284,407

 

​

​

​

TOTAL COMMON STOCKS
(COST $108,291,220)

​

137,952,745

Total Investments - 99.9%
(Cost $108,291,220)

​

137,952,745

Other assets less liabilities - 0.1%

​

107,900

Net Assets - 100.0%

​

$138,060,645​

*Non-income producing security.


​

5

OSI ETF Trust

O’Shares Global Internet Giants ETF

Schedule of Investments

March 31, 2021 (unaudited)

Investments

Shares

 

Value ($)

COMMON STOCKS - 99.9%

 

​

​

​

Entertainment - 11.1%

Activision Blizzard, Inc.

26,814

​

$2,493,702​

Bilibili, Inc., ADR*

94,078

​

10,071,991

CTS Eventim AG & Co. KGaA*

117,854

​

6,848,123

Electronic Arts, Inc.

16,202

​

2,193,265

Live Nation Entertainment, Inc.*

110,496

​

9,353,486

NetEase, Inc., ADR

50,102

​

5,173,532

Netflix, Inc.*

14,292

​

7,455,565

Nexon Co. Ltd.

81,557

​

2,649,680

Roku, Inc.*

31,243

​

10,178,032

Spotify Technology SA*

18,175

​

4,869,991

Take-Two Interactive Software, Inc.*

16,755

​

2,960,608

Tencent Music Entertainment Group, ADR*

237,180

​

4,859,818

Ubisoft Entertainment SA*

72,373

​

5,518,692

Zynga, Inc., Class A*

454,741

​

4,642,906

 

​

​

79,269,391

Interactive Media & Services - 22.0%

Adevinta ASA*

545,748

​

8,049,069

Alphabet, Inc., Class A*

16,016

​

33,033,320

Baidu, Inc., ADR*

18,838

​

4,098,207

Facebook, Inc., Class A*

80,955

​

23,843,676

InterActive Corp.*

13,425

​

2,903,962

Match Group, Inc.*

24,918

​

3,423,235

Pinterest, Inc., Class A*

133,347

​

9,871,678

Snap, Inc., Class A*

214,109

​

11,195,760

Tencent Holdings Ltd.

378,517

​

29,699,255

TripAdvisor, Inc.*

147,854

​

7,953,067

Twitter, Inc.*

85,822

​

5,460,854

Z Holdings Corp.

413,877

​

2,062,269

Zillow Group, Inc., Class C*

67,349

​

8,731,124

ZoomInfo Technologies, Inc., Class A*

138,685

​

6,781,696

 

​

​

157,107,172

Internet & Direct Marketing Retail - 29.7%

Alibaba Group Holding Ltd., ADR*

119,330

​

27,055,691

Amazon.com, Inc.*

11,737

​

36,315,217

Booking Holdings, Inc.*

5,170

​

12,045,273

Chewy, Inc., Class A*

64,786

​

5,488,022

Delivery Hero SE*

81,446

​

10,577,445

eBay, Inc.

37,823

​

2,316,280

Etsy, Inc.*

21,105

​

4,256,245

Farfetch Ltd., Class A*

128,934

​

6,836,081

Fiverr International Ltd.*

32,304

​

7,015,783

HelloFresh SE*

88,515

​

6,616,415

JD.com, Inc., ADR*

109,933

​

9,270,650

Just Eat Takeaway.com NV*

92,320

​

8,530,561

Meituan, Class B*

502,166

​

19,261,285

MercadoLibre, Inc.*

7,972

​

11,735,900

Ocado Group plc*

145,972

​

4,098,440

Pinduoduo, Inc., ADR*

119,762

​

16,033,737

Investments

Shares

 

Value ($)

THG plc*

741,292

​

$6,376,912​

Trip.com Group Ltd., ADR*

178,224

​

7,063,017

Vipshop Holdings Ltd., ADR*

91,996

​

2,747,001

Wayfair, Inc., Class A*

10,921

​

3,437,385

Zalando SE*

54,177

​

5,325,712

 

​

​

212,403,052

IT Services - 7.7%

Kingsoft Cloud Holdings Ltd., ADR*

170,298

​

6,696,117

MongoDB, Inc.*

19,071

​

5,100,158

Okta, Inc.*

27,745

​

6,115,830

Shopify, Inc., Class A*

10,722

​

11,835,959

Snowflake, Inc., Class A*

52,596

​

12,059,211

Twilio, Inc., Class A*

23,589

​

8,038,188

Wix.com Ltd.*

17,828

​

4,977,934

 

​

​

54,823,397

Software - 29.4%

Adobe, Inc.*

14,855

​

7,061,621

Atlassian Corp. plc, Class A*

19,201

​

4,046,803

Avalara, Inc.*

32,369

​

4,318,996

Bill.com Holdings, Inc.*

43,046

​

6,263,193

Cloudflare, Inc., Class A*

93,508

​

6,569,872

Coupa Software, Inc.*

19,814

​

5,042,267

Crowdstrike Holdings, Inc., Class A*

47,431

​

8,656,632

Datadog, Inc., Class A*

88,091

​

7,341,504

DocuSign, Inc.*

36,014

​

7,291,034

Dynatrace, Inc.*

88,344

​

4,261,715

Fortinet, Inc.*

18,082

​

3,334,682

HubSpot, Inc.*

12,473

​

5,665,361

Intuit, Inc.

13,071

​

5,006,977

Kingdee International Software Group Co. Ltd.*

1,765,215

​

5,471,986

Microsoft Corp.

111,639

​

26,321,127

Oracle Corp.

36,685

​

2,574,187

Palantir Technologies, Inc., Class A*

292,270

​

6,806,968

Palo Alto Networks, Inc.*

11,187

​

3,602,885

Paycom Software, Inc.*

11,419

​

4,225,715

RingCentral, Inc., Class A*

14,918

​

4,443,774

salesforce.com, Inc.*

33,746

​

7,149,765

SAP SE

19,084

​

2,342,081

ServiceNow, Inc.*

14,973

​

7,488,147

Sinch AB*

47,746

​

8,413,875

Splunk, Inc.*

28,209

​

3,821,755

TeamViewer AG*

99,813

​

4,273,611

Trade Desk, Inc. (The), Class A*

9,974

​

6,499,657

Unity Software, Inc.*

54,158

​

5,432,589

VMware, Inc., Class A*

15,098

​

2,271,494

Workday, Inc., Class A*

15,245

​

3,787,315

Xero Ltd.*

70,937

​

6,836,310

Zendesk, Inc.*

36,870

​

4,889,699

Zoom Video Communications, Inc., Class A*

38,695

​

12,432,317

Zscaler, Inc.*

36,980

​

6,348,357

 

​

​

210,294,271

​

6

OSI ETF Trust

O’Shares Global Internet Giants ETF

Schedule of Investments

March 31, 2021 (unaudited)

Investments

Shares

 

Value ($)

TOTAL COMMON STOCKS
(COST $626,303,643)

​

$713,897,283​

Total Investments - 99.9%
(Cost $626,303,643)

​

713,897,283

Other assets less liabilities - 0.1%

​

770,526

Net Assets - 100.0%

​

$714,667,809​

*Non-income producing security.

Abbreviations
ADR  American Depositary Receipt

O’Shares Global Internet Giants ETF invested, as a percentage of net assets, in the following countries as of March 31, 2021:

Argentina

​

1.6%

​

Canada

​

1.7%

​

China

​

20.6%

​

France

​

1.9%

​

Germany

​

6.2%

​

Israel

​

1.7%

​

Japan

​

0.7%

​

New Zealand

​

1.0%

​

Sweden

​

1.2%

​

United Kingdom

​

2.4%

​

United States

​

60.9%

​

Other(1)

​

0.1%

​

 

​

100.0%  

​

(1)Includes cash and any non-equity securities and net other assets (liabilities).

​

7

OSI ETF Trust

O’Shares Europe Quality Dividend ETF

Schedule of Investments

March 31, 2021 (unaudited)

Investments

Shares 

 

Value ($)

COMMON STOCKS - 99.4%

 

​

​

​

Aerospace & Defense - 1.4%

BAE Systems plc

44,333

​

$308,890​

 

​

​

​

Air Freight & Logistics - 1.8%

Deutsche Post AG (Registered)

6,994

​

384,041

 

​

​

​

Beverages - 5.1%

Carlsberg A/S, Class B

2,085

​

321,122

Diageo plc

10,599

​

437,168

Pernod Ricard SA

1,801

​

338,780

 

​

​

1,097,070

Building Products - 1.5%

Geberit AG (Registered)

501

​

320,248

 

​

​

​

Capital Markets - 1.8%

Partners Group Holding AG

297

​

380,895

 

​

​

​

Diversified Financial Services - 2.8%

Investor AB, Class B

7,692

​

614,562

 

​

​

​

Diversified Telecommunication Services - 5.9%

Deutsche Telekom AG (Registered)

18,855

​

380,492

Elisa OYJ

4,571

​

274,739

Koninklijke KPN NV

104,289

​

354,720

Swisscom AG (Registered)

505

​

272,045

 

​

​

1,281,996

Electric Utilities - 2.6%

Iberdrola SA

44,056

​

568,792

 

​

​

​

Electrical Equipment - 5.3%

ABB Ltd. (Registered)

12,520

​

379,930

Legrand SA

3,487

​

325,075

Schneider Electric SE

2,844

​

435,368

 

​

​

1,140,373

Entertainment - 1.5%

Vivendi SE

10,209

​

335,962

 

​

​

​

Food & Staples Retailing - 3.0%

Kesko OYJ, Class B

11,793

​

361,477

Koninklijke Ahold Delhaize NV

10,021

​

279,720

 

​

​

641,197

Food Products - 5.8%

Danone SA

4,758

​

327,136

Nestle SA (Registered)

8,290

​

927,874

 

​

​

1,255,010

Health Care Equipment & Supplies - 1.3%

Coloplast A/S, Class B

1,854

​

279,450

 

​

​

Investments

Shares 

 

Value ($)

Hotels, Restaurants & Leisure - 1.7%

Compass Group plc*

17,916

​

$361,264​

 

​

​

​

Household Products - 1.4%

Henkel AG & Co. KGaA

2,994

​

297,167

 

​

​

​

Industrial Conglomerates - 2.2%

Siemens AG (Registered)

2,949

​

485,234

 

​

​

​

Insurance - 1.5%

Admiral Group plc

7,820

​

334,575

 

​

​

​

Machinery - 5.6%

Atlas Copco AB, Class A

6,856

​

418,142

Kone OYJ, Class B

5,686

​

465,520

Schindler Holding AG

1,107

​

326,519

 

​

​

1,210,181

Personal Products - 5.0%

L’Oreal SA

1,132

​

434,787

Unilever plc

11,715

​

655,579

 

​

​

1,090,366

Pharmaceuticals - 18.5%

AstraZeneca plc

4,247

​

424,644

GlaxoSmithKline plc

20,162

​

358,290

Merck KGaA

2,426

​

415,716

Novartis AG (Registered)

6,380

​

547,535

Novo Nordisk A/S, Class B

10,841

​

736,245

Roche Holding AG

2,776

​

900,950

Sanofi

6,251

​

618,968

 

​

​

4,002,348

Professional Services - 6.6%

Experian plc

8,136

​

280,294

RELX plc

21,469

​

538,802

SGS SA (Registered)

107

​

304,805

Wolters Kluwer NV

3,393

​

295,575

 

​

​

1,419,476

Semiconductors & Semiconductor Equipment - 3.5%

ASML Holding NV

1,262

​

766,829

 

​

​

​

Software - 3.9%

Sage Group plc (The)

29,631

​

250,524

SAP SE

4,854

​

595,707

 

​

​

846,231

Specialty Retail - 1.7%

Industria de Diseno Textil SA

11,066

​

365,465

 

​

​

​

Textiles, Apparel & Luxury Goods - 4.8%

Cie Financiere Richemont SA (Registered)

4,406

​

424,800

LVMH Moet Hennessy Louis Vuitton SE

921

​

614,940

 

​

​

1,039,740

​

8

OSI ETF Trust

O’Shares Europe Quality Dividend ETF

Schedule of Investments

March 31, 2021 (unaudited)

Investments

Shares 

 

Value ($)

Tobacco - 3.2%

British American Tobacco plc

10,828

​

$414,419​

Swedish Match AB

3,502

​

273,931

 

​

​

688,350

TOTAL COMMON STOCKS
(COST $18,403,986)

​

21,515,712

Total Investments - 99.4%
(Cost $18,403,986)

​

21,515,712

Other assets less liabilities - 0.6%

​

123,755

Net Assets - 100.0%

​

$21,639,467​

*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 March 31, 2021:

Denmark

​

6.2%

Finland

​

5.1%

France

​

15.9%

Germany

​

11.8%

Netherlands

​

7.8%

Spain

​

4.3%

Sweden

​

6.0%

Switzerland

​

22.1%

United Kingdom

​

20.2%

Other(1)

​

0.6%

 

​

100.0%

(1)Includes cash and any non-equity securities and net other assets (liabilities).

​

9

OSI ETF Trust

Notes to Quarterly Schedules of Investments

Schedule of Investments

March 31, 2021 (unaudited)

Investment Valuation

The Funds disclose the fair market value of their investments in a hierarchy that distinguishes between:

(1) market participant assumptions developed based on market data obtained from sources independent of the Funds (observable inputs) and (2) the Funds’ own assumptions about market participant assumptions developed based on the best information available under the circumstances (unobservable inputs). The three levels defined by the hierarchy are as follows:

•Level 1 — Quoted prices in active markets for identical assets.

•Level 2 — Other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risk, etc.).

•Level 3 — Significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments).

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities.

The following is a summary of the valuations as of March 31, 2021 for each Fund based upon the three levels defined above:

Level 1 —
Quoted Prices

Level 2 —
Other Significant
Observable Inputs

Level 3 —
Significant
Unobservable
Inputs

Total

O’Shares U.S. Quality Dividend ETF
Investments

​

​

​

​

Common Stocks*

$637,478,307​

$—​

$—​

$637,478,307​

Total Investments

$637,478,307​

$—​

$—​

$637,478,307​

 

​

​

​

​

O’Shares U.S. Small-Cap Quality Dividend ETF Investments

​

​

​

​

Common Stocks*

$137,952,745​

$—​

$—​

$137,952,745​

Total Investments

$137,952,745​

$—​

$—​

$137,952,745​

 

​

​

​

​

O’Shares Global Internet Giants ETF
Investments

​

​

​

​

Common Stocks*

$713,897,283​

$—​

$—​

$713,897,283​

Total Investments

$713,897,283​

$—​

$—​

$713,897,283​

 

​

​

​

​

O’Shares Europe Quality Dividend ETF Investments

​

​

​

​

Common Stocks*

$21,515,712​

$—​

$—​

$21,515,712​

Total Investments

$21,515,712​

$—​

$—​

$21,515,712​

*See Schedules of Investments for segregation by industry type.