OShares Global Internet Giants ETF
Data updated: 2022-05-11
C000200876 — OShares Global Internet Giants ETF. China Real Estate · $324.46M AUM · 0.48% expense ratio. Holdings, fees, performance and SEC filings.
C000200876 Fund Overview
OShares Global Internet Giants ETF is a US ETF managed by OSI ETF Trust, categorised as China Real Estate. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US ETF
- Manager: OSI ETF Trust
- Category: China Real Estate
- Assets under management: $324.46M
- 1-year return: -27.4%
- SEC CIK: 0001672826
- SEC series ID: S000062025
- Share class ID: C000200876
C000200876 Investment Objective and Strategy
OShares Global Internet Giants ETF describes its objective and strategy as follows, from its latest prospectus filed with the SEC by OSI ETF Trust.
Investment objective
The Fund seeks to track the performance (before fees and expenses) of the O'Shares Global Internet Giants Index (the Target Index).
Principal investment strategy
The Fund seeks to track the performance (before fees and expenses) of the Target Index. The Target Index is a rules-based index intended to give investors a means of tracking stocks exhibiting quality and growth characteristics in the internet sector, as defined by O'Shares Investment Advisers, LLC (the Index Provider or Adviser). The Target Index is constructed using a proprietary, rules-based methodology designed to select equity securities from 2500 global stocks in two main business segments, Internet Technology and Internet Commerce, by identifying companies in the following industries: Application Software, Integrated Telecommunication Services, Interactive Media & Services, Internet & Direct Marketing Retail, Systems Software, Movies & Entertainment, Interactive Home Entertainment and Internet Services & Infrastructure, selecting those that have exposure to the following factors: 1) quality and 2) growth.
The selection criteria include requirements for minimum capitalization (adjusted for free float), minimum price and minimum average daily trading volume. The universe of eligible securities includes the 1000 largest U.S. listed companies, the 500 largest European companies, the 500 largest Pacific basin companies and the 500 largest emerging market companies, measured by market capitalization. Constituents of the Fund's Target Index must derive at least 50% of their revenues from Internet Technology and/or Internet Commerce. The quality factor is determined primarily by cash burn rate, the monthly rate that a company uses shareholder capital. Companies with a high ratio of cash burn rate to balance sheet cash and cash equivalents are excluded from the Target Index. The growth factor is measured by revenue growth and stocks are assigned a growth rating.
The Target Index excludes pass-through securities such as real estate investment trusts (REITs), master limited partnerships (MLPs), business development companies (BDCs) and closed-end funds (CEFs). Stock weightings in the Target Index are determined according to a modified market capitalization weighting method, using the full market capitalization combined with the growth rating, subject to constraints for diversification and capacity. The diversification constraint limits maximum position weights. The capacity criteria include primary exchange listing, minimum capitalization, minimum price and minimum average daily trading volume requirements. The Target Index is rebalanced quarterly and reconstituted semi-annually. At the quarterly rebalance, a capping methodology is applied to limit individual stock concentration and increase diversification in the Target Index.
As of June 30, 2018, the Target Index was comprised of approximately 52 securities. The Fund may use either a replication strategy or representative sampling strategy in seeking to track the performance of the Target Index. Under a replication strategy, the Fund intends to replicate the constituent securities of the Target Index as closely as possible. Under a representative sampling strategy, the Fund would invest in what it believes to be a representative sample of the component securities of the Target Index. The Fund may use a representative sampling strategy when a replication strategy might be detrimental to shareholders, such as when there are practical difficulties or substantial costs involved in compiling a portfolio of securities to follow the Target Index (e.g., where the Target Index contains component securities too numerous to efficiently purchase or sell); or, in certain instances, when a component security of the Target Index becomes temporarily illiquid, unavailable or less liquid.
The Fund may also use a representative sampling strategy to exclude less liquid component securities contained in the Target Index from the Fund's portfolio in order to create a more tradable portfolio and improve arbitrage opportunities. To the extent the Fund uses a representative sampling strategy, it may not track the Target Index with the same degree of accuracy as would an investment vehicle replicating the entire index. Under normal market conditions, the Fund will invest at least 80% of its total assets in the components of the Target Index. To the extent that the Target Index concentrates (i.e., holds 25% or more of its net assets) in the securities of a particular industry or group of industries, the Fund is expected to concentrate to approximately the same extent. As of June 30, 2018, the Information Technology sector represented a substantial portion of the Target Index.
The Target Index provides exposure to various global markets, including emerging markets. As of June 30, 2018 the Target Index included the following countries: Argentina, Canada, China, Germany, Japan, United Kingdom and the United States. The Fund may invest up to 20% of its total assets in investments not included in the Target Index, but which Vident Investment Advisory, LLC (the Sub-Adviser) believes will help the Fund track the Target Index. For example, there may be instances in which the Sub-Adviser may choose to purchase or sell investments, including exchange-traded funds (ETF) and other investment company securities, and cash and cash equivalents, as substitutes for one or more Target Index components or in anticipation of changes in the Target Index's components. The Fund is classified as non-diversified under the Investment Company Act of 1940, as amended (the 1940 Act), which means that a relatively high percentage of the Fund's assets may be invested in a limited number of issuers.
The Target Index methodology was developed by the Index Provider, an affiliate of the Fund.
C000200876 Performance
Total returns for C000200876 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | -27.4% |
| 3 years (annualised) | 17.6% |
C000200876 Risk Information
Risk metrics for C000200876, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 23.5%
C000200876 Costs and Fees
C000200876 costs about $48 per $10,000 invested per year in fund expenses.
- Net expense ratio: 0.48%
- Gross expense ratio: 0.48%
- Portfolio turnover: 48%
- Brokerage commissions: 3.04 bps of average net assets (SEC N-CEN)
C000200876 Cashflows
Over the 12 months to 2022-03, OShares Global Internet Giants ETF had net outflows of $257.91M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2022-03 | −$5.29M |
| 2022-02 | −$2.06M |
| 2022-01 | −$45.11M |
| 2021-12 | −$40.00M |
| 2021-11 | −$13.99M |
| 2021-10 | −$29.23M |
C000200876 Debt Constituents
No individual debt constituents are reported in OShares Global Internet Giants ETF's latest SEC N-PORT filing.
C000200876 Prospectus and SEC Filings
Official OShares Global Internet Giants ETF filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2021-10-28
- Prospectus (485BPOS) — filed 2020-11-13
- Prospectus (485BPOS) — filed 2019-11-12
- Portfolio holdings (N-PORT) — filed 2022-05-11
- Portfolio holdings (N-PORT) — filed 2022-02-18
- Portfolio holdings (N-PORT) — filed 2021-11-12
- Annual census (N-CEN) — filed 2021-09-08
- Annual census (N-CEN) — filed 2020-09-10
Related Funds
Other China Real Estate funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.