ETF Watch: O’Shares Makes Major Filing

Firm outlines plans for 17 ETFs.

ETF.com
|
Reviewed by: etf.com Staff
,
Edited by: etf.com Staff

O’Shares, the ETF brand founded by Kevin O’Leary of Shark Tank fame, has filed for another 17 funds targeting “quality” under exemptive relief currently being sought from the SEC. There are currently five O’Shares ETFs that track indexes based on FTSE Russell's Quality Dividend methodology, including hedged and unhedged versions of the funds targeting Europe and Asia.

The new roster of ETFs will include 10 equities funds:

  • O’Shares FTSE Russell U.S. Quality High Dividend ETF  
  • O’Shares FTSE Russell U.S. Quality Value Dividend ETF
  • O’Shares FTSE Russell U.S. Quality Growth Dividend ETF
  • O’Shares FTSE Russell Mid-Cap Quality Dividend ETF
  • O’Shares FTSE Russell Small Cap Quality Dividend ETF
  • O’Shares FTSE Russell Small and Mid-Cap Quality Dividend ETF
  • O’Shares FTSE Russell International Quality Dividend ETF
  • O’Shares FTSE Russell International Quality Dividend ETF (Currency Hedged) 
  • O’Shares FTSE Russell Emerging Markets Quality Dividend ETF
  • O’Shares FTSE Russell Emerging Markets Quality Dividend ETF (Currency Hedged)

The equities ETFs’ underlying “quality dividend” methodology focuses on market capitalization, liquidity, high quality, low volatility and dividend yield thresholds, according to the prospectus. The selection includes funds targeting different segments of the U.S. markets as well as foreign markets and includes two currency-hedged products.

The remainder of the ETFs will target the fixed-income space:

  • O’Shares Quality Aggregate Bond ETF
  • O’Shares Quality Investment Grade Corporate Bond ETF
  • O’Shares Quality High Yield Corporate Bond ETF
  • O’Shares Quality Short Term Investment Grade Corporate Bond ETF
  • O’Shares Quality Short Term High Yield Corporate Bond ETF
  • O’Shares Quality Preferred Stock ETF
  • O’Shares Quality Senior Loan ETF

The fixed-income selection covers an array of smart-beta funds that target different parts of the fixed-income space, with securities selected based on lower leverage, higher interest expense coverage and strong cash flow. Securities must also meet minimum yield and liquidity requirements. The core methodology is designed to mitigate exposure to credit and liquidity risk, the prospectus said.

The funds are slated to list on the NYSE Arca, but the filing did not include expense ratios or tickers.

Contact Heather Bell at [email protected].

 

etf.com is the single source for ETF intelligence. We provide real-time ETF news and analysis to educate investors and drive financial knowledge in the space. Our personalized and accurate information, alongside industry-leading financial tools, are depended upon to develop winning investment and financial decisions. At etf.com, we strive to serve both the individual investor as well as the professional financial advisor to educate and grow the ETF community.