Q4 2019 Distributor Foreside Fund Services, LLC. O’SHARES GLOBAL INTERNET GIANTS ETF
Q4 2019Distributor Foreside Fund Services LLC
OrsquoSHARES GLOBAL INTERNET GIANTS ETF
2osharescom | infoosharescom
INTERNET AND E-COMMERCE MEGA TRENDSrdquosect Worldwide E-commerce Growthsect Mobile Phones High Speed Internet Adoptionsect Consumer Trends The Biggest Opportunitysect E-commerce Adoption The Largest Global Economies
WHAT IS DRIVING MEGA TRENDSrdquosect Digital Ad Spend Trendssect Global Digital Media Revenue Top Internet Stockssect B2B Cloud Servicessect Nearly Half the World on Social Mediasect Mobile Apps Worldwide Consumer Spendingsect Online Food Delivery Nearing $100 Billion
WHY OSHARES GLOBAL INTERNET GIANTS TICKER OGIGsect 60+ of the Fastest Growing Internet Stockssect Higher Revenue Growth than Generic Tech Indexes
Executive Summary
For index and definitions of financial terms please see page 22
3osharescom | infoosharescom
$1336 $1548
$1845
$2304
$2982
$3535
$4206
$4927
$-
$1000
$2000
$3000
$4000
$5000
$6000
2014 2015 2016 2017 2018 2019e 2020e 2021e
Global Retail E-Commerce Sales
Source US and China E-commerce estimates Global Retail E-commerce Sales from Statista The above chart is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull E-Commerce Growth Global retail E-commerce sales totaled nearly $3 trillion in 2018 and are forecasted to approach $5 trillion by 2021 representing a growth rate of ~65
Worldwide E-commerce GrowthSa
les (
$ Bi
llion
s)
$0
4osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312018 4G Stands for fourth generation and refers to the fourth installment of mobile network technology that allows for faster internet connectivity 4G allows compatible phones to load webpages quicker download content and stream video and music without buffering
bull Growth in High Speed Internet Adoption In 2014 ~64 of mobile phones were equipped with 4G (High Speed Internet Connectivity) As of 2018 that percentage had grown to 975 Effectively all mobile phones now have access to high speed internet comparable to desktop PCs
Mobile Phone Industry High Speed Internet Adoption
Nearly all Global Mobile Phones Have Access to High Speed Internet
638
362
2014
975
25
2018
4G Other
5osharescom | infoosharescom
54
40 88 69 89 68
4242
1320
829658
366 258
0
500
1000
1500
2000
2500
3000
3500
4000
4500
Asia Africa Europe Latin America Caribbean
North America Middle East
Popu
latio
n (In
Mill
ions
)
Internet Users Non Internet Users
OpportunityOver 3 billion more consumers
Source Internet World Stats data as of 9202019 The above includes information about the potential growth of a certain sector It is impossible to predict future growth and actual results may vary The potential growth or decline of a particular sector is not guaranteed and does not represent the performance of the Fund
bull Developed Countries North America and Europe almost full adoption bull Asian Countries Internet adoption at ~54 room to growbull Growing Internet adoption rate in Asia will likely support revenue growth for Asia-Pacific Internet companies
Consumer Trends The Biggest Opportunity
Population vs Internet Penetration Rate
6osharescom | infoosharescom
E-commerce Sales US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund
bull E-commerce Sales E-commerce sales in the US totaled $513 billion in 2018 while China recorded more than 2x that value at $13 trillion
bull Growth Trend E-commerce sales in the US have grown ~72 since 2014 vs China at ~190Sa
les (
$ Bi
llion
s)
China - E-commerce Sales
US ndash E-commerce Sales
$297 $339$388
$449$513
$0$100$200$300$400$500$600
2014 2015 2016 2017 2018
Sale
s ($
Billi
ons)
723
$449$598
$743
$1103$1309
$0$200$400$600$800
$1000$1200$1400
2014 2015 2016 2017 2018
1914
7osharescom | infoosharescom
E-commerce Adoption US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund Past performance does not guarantee future results
bull E-commerce Adoption E-commerce sales in the US represented nearly 9 of total retail sales in 2018 vs China at over 23
bull Growth Trend E-commerce as a percent of total retail sales in the US has grown ~44 since 2014 vs China at over 120
61 66 72 80 88
$4851 $5135 $5379 $5608 $5814
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
106 129 155 196 236
$4227 $4639 $4789$5629 $5539
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
Sale
s ($
Bill
ions
)Sa
les
($ B
illio
ns)
China ndash Total Retail Sales
US ndash Total Retail Sales
8osharescom | infoosharescom
bull Digital Ads Forecasted to Surpass Traditional Media Digital ads in the US are estimated to surpass TV radio and print combined in 2019
bull Growing Share of the US Ad Market Digital ads are estimated to grow nearly 60 to $172 billion by 2021 representing 62 of the total US ad market compared to 49 in 2018
bull Big 4 in Digital Ads Google Facebook Amazon and Microsoft made up an estimated 70 of the market in 2018
US Digital Advertising Soon To Beat All Traditional Forms
$115 $109 $107 $104 $109
$129 $151
$172
$0
$40
$80
$120
$160
$200
2018 2019e 2020e 2021e
Traditional Ad Spend Digital Ad Spend
Digital Ads to Surpass all Traditional Forms
Source Recode and eMarketercom data as of 12312019 The above includes discussion about the estimated growth of a certain sector is for informational purposes only and does not represent the Fund It is impossible to predict future growth and actual results may vary
Ad S
pend
($ B
illio
ns)
37
229
4
28
4 Companies Lead Digital AdsEst Market Share - 2019
Google Facebook Amazon Microsoft Other
9osharescom | infoosharescom
$65 $80
$95 $109
$123 $134
$0
$20
$40
$60
$80
$100
$120
$140
$160
2018 2019e 2020e 2021e 2022e 2023e
China Digital Advertising Top 3 Companies
Source Digital Advertising revenue for Baidu Alibaba and Tencent from Bloomberg Finance LP as of 12312019 For most recent fiscal year end Digital advertising in China from emarketer data as of 3282019 The above data is for informational purposes only includes the estimated growth of a certain companies and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull China Digital Ad Market $65 billion as of 2018 forecasted to grow to over $130 billion by 2023bull 3 Companies over $45 billion in Digital Ad Revenue Alibaba Baidu and Tencent currently make up ~70 of
the digital ad market in China
China ndash Digital Advertising Spend
Name Digital Ad Revenue ndash Latest Fiscal Year($ Billions)
Est of Total
Alibaba $247 38Baidu $124 19
Tencent $88 13Total (BAT) $459 70Other $196 30Total $654 100
105
($ B
illio
ns)
10osharescom | infoosharescom
$124 $129
$136 $143 $150 $156 $160
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
Reve
nue
($ B
illio
ns)
Global Digital Media Revenue by Category
Digital Music ePublishing Video-on-Demand Video Games
Global Digital Media Revenue Top Internet StocksDigital Entertainment Includes video games video-on-demand ePublishing and musicGrowth Trend Global digital media revenue is forecasted to approach $160 billion by 2023Top 4 Internet Giants Tencent Netflix Amazon and Spotify are among the leaders in their respective categories
Source Global Digital Media Category Revenue data as of August 2019 published 162020 from Statista Amazon E-book statistics from Bloomberg Finance LP Spotify number of subscribers from The Verge All Other revenue data from Bloomberg Finance LP Category revenue data estimates as of the 2018 year end It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector or company does not represent the performance of the Fund
$0
Tencent(Video Games)
Over $15B in 2018 ~15 of Global Sales
Netflix(Video-on-Demand)
Nearly $16B in 2018~12 of Global Sales
Amazon(ePublishing)
Over 500 million e-books sold in the
US in 2018
Spotify(Digital Music)
Over 100 million paid Subscribers
11osharescom | infoosharescom
Source Canalys data as of Feb 2019The above charts are for informational purposes only and does not represent the OrsquoShares ETFs
bull Growth in Cloud Infrastructure Services The worldwide cloud infrastructure market grew from ~$55 billion in 2017 to over $80 billion in 2018 representing a growth rate of ~46
bull Big 5 in Cloud The Big 5 Amazon Microsoft Google Alibaba and IBM had combined revenue of ~$52 billion in 2018 up ~60 from 2017
bull Increasing share of the market 4 out of the Big 5 Amazon Microsoft Google and Alibaba increased their market share from ~54 in 2017 to over 60 in 2018
The Big 5 in Cloud Infrastructure
Worldwide Cloud Infrastructure Spending Big 4 (Amazon Microsoft Google Alibaba) Increase Market Share
315
135
643047
408
Amazon (AWS) Microsoft (Azure) GoogleAlibaba IBM Others
317
16885
40
38
352
2017 2018
Company 2017($ Billion)
2018($ Billion)
AnnualGrowth
Amazon (AWS) $173 $254 468
Microsoft (Azure) $74 $135 824
Google $35 $68 943
Alibaba $17 $32 882
IBM $26 $31 192
Others $224 $283 263
Total $549 $803 463
12osharescom | infoosharescom
Worldwide Cloud Application Services (SaaS) $80 Billion Market
Source Market-Cap and Revenue Growth from Bloomberg Finance LP Data as of 12312019 Worldwide Cloud Services revenue from Gartner List of SaaS Companies from Mike Sonders and The Software Report Forward Revenue Gr Includes average of 1FY and 2FY forward revenue growth For informational purposes only Does not represent the Fund
Cloud Application Services (SaaS) Software-as-a-Service is a software licensing model where access is provided on a subscription basis via the internet SaaS companies create develop host and update the product from one central locationStrong Growth Forecasts Worldwide SaaS revenue totaled $80 billion in 2018 and is forecasted to reach $144 billion by 2022 a growth rate of ~80Top 5 Companies The top 5 had combined revenue of ~$21 billion in 2018 representing over a quarter of the global market
Top 5 SaaS Companies
$80$95
$111$127
$144
$0
$50
$100
$150
$200
2018 2019e 2020e 2021e 2022e
Reve
nue
($ B
illio
ns)
Worldwide Cloud Application Services Revenue (SaaS)
Name Country Market Cap ($ B) Revenue Last FY ($ B) Forward Revenue Growth
salesforcecom US $1443 $133 255
ServiceNow US $532 $26 301
Workday US $461 $11 403
Shopify CA $378 $28 243
Atlassian US $294 $12 280
80
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
2osharescom | infoosharescom
INTERNET AND E-COMMERCE MEGA TRENDSrdquosect Worldwide E-commerce Growthsect Mobile Phones High Speed Internet Adoptionsect Consumer Trends The Biggest Opportunitysect E-commerce Adoption The Largest Global Economies
WHAT IS DRIVING MEGA TRENDSrdquosect Digital Ad Spend Trendssect Global Digital Media Revenue Top Internet Stockssect B2B Cloud Servicessect Nearly Half the World on Social Mediasect Mobile Apps Worldwide Consumer Spendingsect Online Food Delivery Nearing $100 Billion
WHY OSHARES GLOBAL INTERNET GIANTS TICKER OGIGsect 60+ of the Fastest Growing Internet Stockssect Higher Revenue Growth than Generic Tech Indexes
Executive Summary
For index and definitions of financial terms please see page 22
3osharescom | infoosharescom
$1336 $1548
$1845
$2304
$2982
$3535
$4206
$4927
$-
$1000
$2000
$3000
$4000
$5000
$6000
2014 2015 2016 2017 2018 2019e 2020e 2021e
Global Retail E-Commerce Sales
Source US and China E-commerce estimates Global Retail E-commerce Sales from Statista The above chart is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull E-Commerce Growth Global retail E-commerce sales totaled nearly $3 trillion in 2018 and are forecasted to approach $5 trillion by 2021 representing a growth rate of ~65
Worldwide E-commerce GrowthSa
les (
$ Bi
llion
s)
$0
4osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312018 4G Stands for fourth generation and refers to the fourth installment of mobile network technology that allows for faster internet connectivity 4G allows compatible phones to load webpages quicker download content and stream video and music without buffering
bull Growth in High Speed Internet Adoption In 2014 ~64 of mobile phones were equipped with 4G (High Speed Internet Connectivity) As of 2018 that percentage had grown to 975 Effectively all mobile phones now have access to high speed internet comparable to desktop PCs
Mobile Phone Industry High Speed Internet Adoption
Nearly all Global Mobile Phones Have Access to High Speed Internet
638
362
2014
975
25
2018
4G Other
5osharescom | infoosharescom
54
40 88 69 89 68
4242
1320
829658
366 258
0
500
1000
1500
2000
2500
3000
3500
4000
4500
Asia Africa Europe Latin America Caribbean
North America Middle East
Popu
latio
n (In
Mill
ions
)
Internet Users Non Internet Users
OpportunityOver 3 billion more consumers
Source Internet World Stats data as of 9202019 The above includes information about the potential growth of a certain sector It is impossible to predict future growth and actual results may vary The potential growth or decline of a particular sector is not guaranteed and does not represent the performance of the Fund
bull Developed Countries North America and Europe almost full adoption bull Asian Countries Internet adoption at ~54 room to growbull Growing Internet adoption rate in Asia will likely support revenue growth for Asia-Pacific Internet companies
Consumer Trends The Biggest Opportunity
Population vs Internet Penetration Rate
6osharescom | infoosharescom
E-commerce Sales US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund
bull E-commerce Sales E-commerce sales in the US totaled $513 billion in 2018 while China recorded more than 2x that value at $13 trillion
bull Growth Trend E-commerce sales in the US have grown ~72 since 2014 vs China at ~190Sa
les (
$ Bi
llion
s)
China - E-commerce Sales
US ndash E-commerce Sales
$297 $339$388
$449$513
$0$100$200$300$400$500$600
2014 2015 2016 2017 2018
Sale
s ($
Billi
ons)
723
$449$598
$743
$1103$1309
$0$200$400$600$800
$1000$1200$1400
2014 2015 2016 2017 2018
1914
7osharescom | infoosharescom
E-commerce Adoption US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund Past performance does not guarantee future results
bull E-commerce Adoption E-commerce sales in the US represented nearly 9 of total retail sales in 2018 vs China at over 23
bull Growth Trend E-commerce as a percent of total retail sales in the US has grown ~44 since 2014 vs China at over 120
61 66 72 80 88
$4851 $5135 $5379 $5608 $5814
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
106 129 155 196 236
$4227 $4639 $4789$5629 $5539
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
Sale
s ($
Bill
ions
)Sa
les
($ B
illio
ns)
China ndash Total Retail Sales
US ndash Total Retail Sales
8osharescom | infoosharescom
bull Digital Ads Forecasted to Surpass Traditional Media Digital ads in the US are estimated to surpass TV radio and print combined in 2019
bull Growing Share of the US Ad Market Digital ads are estimated to grow nearly 60 to $172 billion by 2021 representing 62 of the total US ad market compared to 49 in 2018
bull Big 4 in Digital Ads Google Facebook Amazon and Microsoft made up an estimated 70 of the market in 2018
US Digital Advertising Soon To Beat All Traditional Forms
$115 $109 $107 $104 $109
$129 $151
$172
$0
$40
$80
$120
$160
$200
2018 2019e 2020e 2021e
Traditional Ad Spend Digital Ad Spend
Digital Ads to Surpass all Traditional Forms
Source Recode and eMarketercom data as of 12312019 The above includes discussion about the estimated growth of a certain sector is for informational purposes only and does not represent the Fund It is impossible to predict future growth and actual results may vary
Ad S
pend
($ B
illio
ns)
37
229
4
28
4 Companies Lead Digital AdsEst Market Share - 2019
Google Facebook Amazon Microsoft Other
9osharescom | infoosharescom
$65 $80
$95 $109
$123 $134
$0
$20
$40
$60
$80
$100
$120
$140
$160
2018 2019e 2020e 2021e 2022e 2023e
China Digital Advertising Top 3 Companies
Source Digital Advertising revenue for Baidu Alibaba and Tencent from Bloomberg Finance LP as of 12312019 For most recent fiscal year end Digital advertising in China from emarketer data as of 3282019 The above data is for informational purposes only includes the estimated growth of a certain companies and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull China Digital Ad Market $65 billion as of 2018 forecasted to grow to over $130 billion by 2023bull 3 Companies over $45 billion in Digital Ad Revenue Alibaba Baidu and Tencent currently make up ~70 of
the digital ad market in China
China ndash Digital Advertising Spend
Name Digital Ad Revenue ndash Latest Fiscal Year($ Billions)
Est of Total
Alibaba $247 38Baidu $124 19
Tencent $88 13Total (BAT) $459 70Other $196 30Total $654 100
105
($ B
illio
ns)
10osharescom | infoosharescom
$124 $129
$136 $143 $150 $156 $160
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
Reve
nue
($ B
illio
ns)
Global Digital Media Revenue by Category
Digital Music ePublishing Video-on-Demand Video Games
Global Digital Media Revenue Top Internet StocksDigital Entertainment Includes video games video-on-demand ePublishing and musicGrowth Trend Global digital media revenue is forecasted to approach $160 billion by 2023Top 4 Internet Giants Tencent Netflix Amazon and Spotify are among the leaders in their respective categories
Source Global Digital Media Category Revenue data as of August 2019 published 162020 from Statista Amazon E-book statistics from Bloomberg Finance LP Spotify number of subscribers from The Verge All Other revenue data from Bloomberg Finance LP Category revenue data estimates as of the 2018 year end It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector or company does not represent the performance of the Fund
$0
Tencent(Video Games)
Over $15B in 2018 ~15 of Global Sales
Netflix(Video-on-Demand)
Nearly $16B in 2018~12 of Global Sales
Amazon(ePublishing)
Over 500 million e-books sold in the
US in 2018
Spotify(Digital Music)
Over 100 million paid Subscribers
11osharescom | infoosharescom
Source Canalys data as of Feb 2019The above charts are for informational purposes only and does not represent the OrsquoShares ETFs
bull Growth in Cloud Infrastructure Services The worldwide cloud infrastructure market grew from ~$55 billion in 2017 to over $80 billion in 2018 representing a growth rate of ~46
bull Big 5 in Cloud The Big 5 Amazon Microsoft Google Alibaba and IBM had combined revenue of ~$52 billion in 2018 up ~60 from 2017
bull Increasing share of the market 4 out of the Big 5 Amazon Microsoft Google and Alibaba increased their market share from ~54 in 2017 to over 60 in 2018
The Big 5 in Cloud Infrastructure
Worldwide Cloud Infrastructure Spending Big 4 (Amazon Microsoft Google Alibaba) Increase Market Share
315
135
643047
408
Amazon (AWS) Microsoft (Azure) GoogleAlibaba IBM Others
317
16885
40
38
352
2017 2018
Company 2017($ Billion)
2018($ Billion)
AnnualGrowth
Amazon (AWS) $173 $254 468
Microsoft (Azure) $74 $135 824
Google $35 $68 943
Alibaba $17 $32 882
IBM $26 $31 192
Others $224 $283 263
Total $549 $803 463
12osharescom | infoosharescom
Worldwide Cloud Application Services (SaaS) $80 Billion Market
Source Market-Cap and Revenue Growth from Bloomberg Finance LP Data as of 12312019 Worldwide Cloud Services revenue from Gartner List of SaaS Companies from Mike Sonders and The Software Report Forward Revenue Gr Includes average of 1FY and 2FY forward revenue growth For informational purposes only Does not represent the Fund
Cloud Application Services (SaaS) Software-as-a-Service is a software licensing model where access is provided on a subscription basis via the internet SaaS companies create develop host and update the product from one central locationStrong Growth Forecasts Worldwide SaaS revenue totaled $80 billion in 2018 and is forecasted to reach $144 billion by 2022 a growth rate of ~80Top 5 Companies The top 5 had combined revenue of ~$21 billion in 2018 representing over a quarter of the global market
Top 5 SaaS Companies
$80$95
$111$127
$144
$0
$50
$100
$150
$200
2018 2019e 2020e 2021e 2022e
Reve
nue
($ B
illio
ns)
Worldwide Cloud Application Services Revenue (SaaS)
Name Country Market Cap ($ B) Revenue Last FY ($ B) Forward Revenue Growth
salesforcecom US $1443 $133 255
ServiceNow US $532 $26 301
Workday US $461 $11 403
Shopify CA $378 $28 243
Atlassian US $294 $12 280
80
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
3osharescom | infoosharescom
$1336 $1548
$1845
$2304
$2982
$3535
$4206
$4927
$-
$1000
$2000
$3000
$4000
$5000
$6000
2014 2015 2016 2017 2018 2019e 2020e 2021e
Global Retail E-Commerce Sales
Source US and China E-commerce estimates Global Retail E-commerce Sales from Statista The above chart is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull E-Commerce Growth Global retail E-commerce sales totaled nearly $3 trillion in 2018 and are forecasted to approach $5 trillion by 2021 representing a growth rate of ~65
Worldwide E-commerce GrowthSa
les (
$ Bi
llion
s)
$0
4osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312018 4G Stands for fourth generation and refers to the fourth installment of mobile network technology that allows for faster internet connectivity 4G allows compatible phones to load webpages quicker download content and stream video and music without buffering
bull Growth in High Speed Internet Adoption In 2014 ~64 of mobile phones were equipped with 4G (High Speed Internet Connectivity) As of 2018 that percentage had grown to 975 Effectively all mobile phones now have access to high speed internet comparable to desktop PCs
Mobile Phone Industry High Speed Internet Adoption
Nearly all Global Mobile Phones Have Access to High Speed Internet
638
362
2014
975
25
2018
4G Other
5osharescom | infoosharescom
54
40 88 69 89 68
4242
1320
829658
366 258
0
500
1000
1500
2000
2500
3000
3500
4000
4500
Asia Africa Europe Latin America Caribbean
North America Middle East
Popu
latio
n (In
Mill
ions
)
Internet Users Non Internet Users
OpportunityOver 3 billion more consumers
Source Internet World Stats data as of 9202019 The above includes information about the potential growth of a certain sector It is impossible to predict future growth and actual results may vary The potential growth or decline of a particular sector is not guaranteed and does not represent the performance of the Fund
bull Developed Countries North America and Europe almost full adoption bull Asian Countries Internet adoption at ~54 room to growbull Growing Internet adoption rate in Asia will likely support revenue growth for Asia-Pacific Internet companies
Consumer Trends The Biggest Opportunity
Population vs Internet Penetration Rate
6osharescom | infoosharescom
E-commerce Sales US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund
bull E-commerce Sales E-commerce sales in the US totaled $513 billion in 2018 while China recorded more than 2x that value at $13 trillion
bull Growth Trend E-commerce sales in the US have grown ~72 since 2014 vs China at ~190Sa
les (
$ Bi
llion
s)
China - E-commerce Sales
US ndash E-commerce Sales
$297 $339$388
$449$513
$0$100$200$300$400$500$600
2014 2015 2016 2017 2018
Sale
s ($
Billi
ons)
723
$449$598
$743
$1103$1309
$0$200$400$600$800
$1000$1200$1400
2014 2015 2016 2017 2018
1914
7osharescom | infoosharescom
E-commerce Adoption US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund Past performance does not guarantee future results
bull E-commerce Adoption E-commerce sales in the US represented nearly 9 of total retail sales in 2018 vs China at over 23
bull Growth Trend E-commerce as a percent of total retail sales in the US has grown ~44 since 2014 vs China at over 120
61 66 72 80 88
$4851 $5135 $5379 $5608 $5814
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
106 129 155 196 236
$4227 $4639 $4789$5629 $5539
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
Sale
s ($
Bill
ions
)Sa
les
($ B
illio
ns)
China ndash Total Retail Sales
US ndash Total Retail Sales
8osharescom | infoosharescom
bull Digital Ads Forecasted to Surpass Traditional Media Digital ads in the US are estimated to surpass TV radio and print combined in 2019
bull Growing Share of the US Ad Market Digital ads are estimated to grow nearly 60 to $172 billion by 2021 representing 62 of the total US ad market compared to 49 in 2018
bull Big 4 in Digital Ads Google Facebook Amazon and Microsoft made up an estimated 70 of the market in 2018
US Digital Advertising Soon To Beat All Traditional Forms
$115 $109 $107 $104 $109
$129 $151
$172
$0
$40
$80
$120
$160
$200
2018 2019e 2020e 2021e
Traditional Ad Spend Digital Ad Spend
Digital Ads to Surpass all Traditional Forms
Source Recode and eMarketercom data as of 12312019 The above includes discussion about the estimated growth of a certain sector is for informational purposes only and does not represent the Fund It is impossible to predict future growth and actual results may vary
Ad S
pend
($ B
illio
ns)
37
229
4
28
4 Companies Lead Digital AdsEst Market Share - 2019
Google Facebook Amazon Microsoft Other
9osharescom | infoosharescom
$65 $80
$95 $109
$123 $134
$0
$20
$40
$60
$80
$100
$120
$140
$160
2018 2019e 2020e 2021e 2022e 2023e
China Digital Advertising Top 3 Companies
Source Digital Advertising revenue for Baidu Alibaba and Tencent from Bloomberg Finance LP as of 12312019 For most recent fiscal year end Digital advertising in China from emarketer data as of 3282019 The above data is for informational purposes only includes the estimated growth of a certain companies and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull China Digital Ad Market $65 billion as of 2018 forecasted to grow to over $130 billion by 2023bull 3 Companies over $45 billion in Digital Ad Revenue Alibaba Baidu and Tencent currently make up ~70 of
the digital ad market in China
China ndash Digital Advertising Spend
Name Digital Ad Revenue ndash Latest Fiscal Year($ Billions)
Est of Total
Alibaba $247 38Baidu $124 19
Tencent $88 13Total (BAT) $459 70Other $196 30Total $654 100
105
($ B
illio
ns)
10osharescom | infoosharescom
$124 $129
$136 $143 $150 $156 $160
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
Reve
nue
($ B
illio
ns)
Global Digital Media Revenue by Category
Digital Music ePublishing Video-on-Demand Video Games
Global Digital Media Revenue Top Internet StocksDigital Entertainment Includes video games video-on-demand ePublishing and musicGrowth Trend Global digital media revenue is forecasted to approach $160 billion by 2023Top 4 Internet Giants Tencent Netflix Amazon and Spotify are among the leaders in their respective categories
Source Global Digital Media Category Revenue data as of August 2019 published 162020 from Statista Amazon E-book statistics from Bloomberg Finance LP Spotify number of subscribers from The Verge All Other revenue data from Bloomberg Finance LP Category revenue data estimates as of the 2018 year end It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector or company does not represent the performance of the Fund
$0
Tencent(Video Games)
Over $15B in 2018 ~15 of Global Sales
Netflix(Video-on-Demand)
Nearly $16B in 2018~12 of Global Sales
Amazon(ePublishing)
Over 500 million e-books sold in the
US in 2018
Spotify(Digital Music)
Over 100 million paid Subscribers
11osharescom | infoosharescom
Source Canalys data as of Feb 2019The above charts are for informational purposes only and does not represent the OrsquoShares ETFs
bull Growth in Cloud Infrastructure Services The worldwide cloud infrastructure market grew from ~$55 billion in 2017 to over $80 billion in 2018 representing a growth rate of ~46
bull Big 5 in Cloud The Big 5 Amazon Microsoft Google Alibaba and IBM had combined revenue of ~$52 billion in 2018 up ~60 from 2017
bull Increasing share of the market 4 out of the Big 5 Amazon Microsoft Google and Alibaba increased their market share from ~54 in 2017 to over 60 in 2018
The Big 5 in Cloud Infrastructure
Worldwide Cloud Infrastructure Spending Big 4 (Amazon Microsoft Google Alibaba) Increase Market Share
315
135
643047
408
Amazon (AWS) Microsoft (Azure) GoogleAlibaba IBM Others
317
16885
40
38
352
2017 2018
Company 2017($ Billion)
2018($ Billion)
AnnualGrowth
Amazon (AWS) $173 $254 468
Microsoft (Azure) $74 $135 824
Google $35 $68 943
Alibaba $17 $32 882
IBM $26 $31 192
Others $224 $283 263
Total $549 $803 463
12osharescom | infoosharescom
Worldwide Cloud Application Services (SaaS) $80 Billion Market
Source Market-Cap and Revenue Growth from Bloomberg Finance LP Data as of 12312019 Worldwide Cloud Services revenue from Gartner List of SaaS Companies from Mike Sonders and The Software Report Forward Revenue Gr Includes average of 1FY and 2FY forward revenue growth For informational purposes only Does not represent the Fund
Cloud Application Services (SaaS) Software-as-a-Service is a software licensing model where access is provided on a subscription basis via the internet SaaS companies create develop host and update the product from one central locationStrong Growth Forecasts Worldwide SaaS revenue totaled $80 billion in 2018 and is forecasted to reach $144 billion by 2022 a growth rate of ~80Top 5 Companies The top 5 had combined revenue of ~$21 billion in 2018 representing over a quarter of the global market
Top 5 SaaS Companies
$80$95
$111$127
$144
$0
$50
$100
$150
$200
2018 2019e 2020e 2021e 2022e
Reve
nue
($ B
illio
ns)
Worldwide Cloud Application Services Revenue (SaaS)
Name Country Market Cap ($ B) Revenue Last FY ($ B) Forward Revenue Growth
salesforcecom US $1443 $133 255
ServiceNow US $532 $26 301
Workday US $461 $11 403
Shopify CA $378 $28 243
Atlassian US $294 $12 280
80
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
4osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312018 4G Stands for fourth generation and refers to the fourth installment of mobile network technology that allows for faster internet connectivity 4G allows compatible phones to load webpages quicker download content and stream video and music without buffering
bull Growth in High Speed Internet Adoption In 2014 ~64 of mobile phones were equipped with 4G (High Speed Internet Connectivity) As of 2018 that percentage had grown to 975 Effectively all mobile phones now have access to high speed internet comparable to desktop PCs
Mobile Phone Industry High Speed Internet Adoption
Nearly all Global Mobile Phones Have Access to High Speed Internet
638
362
2014
975
25
2018
4G Other
5osharescom | infoosharescom
54
40 88 69 89 68
4242
1320
829658
366 258
0
500
1000
1500
2000
2500
3000
3500
4000
4500
Asia Africa Europe Latin America Caribbean
North America Middle East
Popu
latio
n (In
Mill
ions
)
Internet Users Non Internet Users
OpportunityOver 3 billion more consumers
Source Internet World Stats data as of 9202019 The above includes information about the potential growth of a certain sector It is impossible to predict future growth and actual results may vary The potential growth or decline of a particular sector is not guaranteed and does not represent the performance of the Fund
bull Developed Countries North America and Europe almost full adoption bull Asian Countries Internet adoption at ~54 room to growbull Growing Internet adoption rate in Asia will likely support revenue growth for Asia-Pacific Internet companies
Consumer Trends The Biggest Opportunity
Population vs Internet Penetration Rate
6osharescom | infoosharescom
E-commerce Sales US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund
bull E-commerce Sales E-commerce sales in the US totaled $513 billion in 2018 while China recorded more than 2x that value at $13 trillion
bull Growth Trend E-commerce sales in the US have grown ~72 since 2014 vs China at ~190Sa
les (
$ Bi
llion
s)
China - E-commerce Sales
US ndash E-commerce Sales
$297 $339$388
$449$513
$0$100$200$300$400$500$600
2014 2015 2016 2017 2018
Sale
s ($
Billi
ons)
723
$449$598
$743
$1103$1309
$0$200$400$600$800
$1000$1200$1400
2014 2015 2016 2017 2018
1914
7osharescom | infoosharescom
E-commerce Adoption US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund Past performance does not guarantee future results
bull E-commerce Adoption E-commerce sales in the US represented nearly 9 of total retail sales in 2018 vs China at over 23
bull Growth Trend E-commerce as a percent of total retail sales in the US has grown ~44 since 2014 vs China at over 120
61 66 72 80 88
$4851 $5135 $5379 $5608 $5814
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
106 129 155 196 236
$4227 $4639 $4789$5629 $5539
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
Sale
s ($
Bill
ions
)Sa
les
($ B
illio
ns)
China ndash Total Retail Sales
US ndash Total Retail Sales
8osharescom | infoosharescom
bull Digital Ads Forecasted to Surpass Traditional Media Digital ads in the US are estimated to surpass TV radio and print combined in 2019
bull Growing Share of the US Ad Market Digital ads are estimated to grow nearly 60 to $172 billion by 2021 representing 62 of the total US ad market compared to 49 in 2018
bull Big 4 in Digital Ads Google Facebook Amazon and Microsoft made up an estimated 70 of the market in 2018
US Digital Advertising Soon To Beat All Traditional Forms
$115 $109 $107 $104 $109
$129 $151
$172
$0
$40
$80
$120
$160
$200
2018 2019e 2020e 2021e
Traditional Ad Spend Digital Ad Spend
Digital Ads to Surpass all Traditional Forms
Source Recode and eMarketercom data as of 12312019 The above includes discussion about the estimated growth of a certain sector is for informational purposes only and does not represent the Fund It is impossible to predict future growth and actual results may vary
Ad S
pend
($ B
illio
ns)
37
229
4
28
4 Companies Lead Digital AdsEst Market Share - 2019
Google Facebook Amazon Microsoft Other
9osharescom | infoosharescom
$65 $80
$95 $109
$123 $134
$0
$20
$40
$60
$80
$100
$120
$140
$160
2018 2019e 2020e 2021e 2022e 2023e
China Digital Advertising Top 3 Companies
Source Digital Advertising revenue for Baidu Alibaba and Tencent from Bloomberg Finance LP as of 12312019 For most recent fiscal year end Digital advertising in China from emarketer data as of 3282019 The above data is for informational purposes only includes the estimated growth of a certain companies and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull China Digital Ad Market $65 billion as of 2018 forecasted to grow to over $130 billion by 2023bull 3 Companies over $45 billion in Digital Ad Revenue Alibaba Baidu and Tencent currently make up ~70 of
the digital ad market in China
China ndash Digital Advertising Spend
Name Digital Ad Revenue ndash Latest Fiscal Year($ Billions)
Est of Total
Alibaba $247 38Baidu $124 19
Tencent $88 13Total (BAT) $459 70Other $196 30Total $654 100
105
($ B
illio
ns)
10osharescom | infoosharescom
$124 $129
$136 $143 $150 $156 $160
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
Reve
nue
($ B
illio
ns)
Global Digital Media Revenue by Category
Digital Music ePublishing Video-on-Demand Video Games
Global Digital Media Revenue Top Internet StocksDigital Entertainment Includes video games video-on-demand ePublishing and musicGrowth Trend Global digital media revenue is forecasted to approach $160 billion by 2023Top 4 Internet Giants Tencent Netflix Amazon and Spotify are among the leaders in their respective categories
Source Global Digital Media Category Revenue data as of August 2019 published 162020 from Statista Amazon E-book statistics from Bloomberg Finance LP Spotify number of subscribers from The Verge All Other revenue data from Bloomberg Finance LP Category revenue data estimates as of the 2018 year end It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector or company does not represent the performance of the Fund
$0
Tencent(Video Games)
Over $15B in 2018 ~15 of Global Sales
Netflix(Video-on-Demand)
Nearly $16B in 2018~12 of Global Sales
Amazon(ePublishing)
Over 500 million e-books sold in the
US in 2018
Spotify(Digital Music)
Over 100 million paid Subscribers
11osharescom | infoosharescom
Source Canalys data as of Feb 2019The above charts are for informational purposes only and does not represent the OrsquoShares ETFs
bull Growth in Cloud Infrastructure Services The worldwide cloud infrastructure market grew from ~$55 billion in 2017 to over $80 billion in 2018 representing a growth rate of ~46
bull Big 5 in Cloud The Big 5 Amazon Microsoft Google Alibaba and IBM had combined revenue of ~$52 billion in 2018 up ~60 from 2017
bull Increasing share of the market 4 out of the Big 5 Amazon Microsoft Google and Alibaba increased their market share from ~54 in 2017 to over 60 in 2018
The Big 5 in Cloud Infrastructure
Worldwide Cloud Infrastructure Spending Big 4 (Amazon Microsoft Google Alibaba) Increase Market Share
315
135
643047
408
Amazon (AWS) Microsoft (Azure) GoogleAlibaba IBM Others
317
16885
40
38
352
2017 2018
Company 2017($ Billion)
2018($ Billion)
AnnualGrowth
Amazon (AWS) $173 $254 468
Microsoft (Azure) $74 $135 824
Google $35 $68 943
Alibaba $17 $32 882
IBM $26 $31 192
Others $224 $283 263
Total $549 $803 463
12osharescom | infoosharescom
Worldwide Cloud Application Services (SaaS) $80 Billion Market
Source Market-Cap and Revenue Growth from Bloomberg Finance LP Data as of 12312019 Worldwide Cloud Services revenue from Gartner List of SaaS Companies from Mike Sonders and The Software Report Forward Revenue Gr Includes average of 1FY and 2FY forward revenue growth For informational purposes only Does not represent the Fund
Cloud Application Services (SaaS) Software-as-a-Service is a software licensing model where access is provided on a subscription basis via the internet SaaS companies create develop host and update the product from one central locationStrong Growth Forecasts Worldwide SaaS revenue totaled $80 billion in 2018 and is forecasted to reach $144 billion by 2022 a growth rate of ~80Top 5 Companies The top 5 had combined revenue of ~$21 billion in 2018 representing over a quarter of the global market
Top 5 SaaS Companies
$80$95
$111$127
$144
$0
$50
$100
$150
$200
2018 2019e 2020e 2021e 2022e
Reve
nue
($ B
illio
ns)
Worldwide Cloud Application Services Revenue (SaaS)
Name Country Market Cap ($ B) Revenue Last FY ($ B) Forward Revenue Growth
salesforcecom US $1443 $133 255
ServiceNow US $532 $26 301
Workday US $461 $11 403
Shopify CA $378 $28 243
Atlassian US $294 $12 280
80
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
5osharescom | infoosharescom
54
40 88 69 89 68
4242
1320
829658
366 258
0
500
1000
1500
2000
2500
3000
3500
4000
4500
Asia Africa Europe Latin America Caribbean
North America Middle East
Popu
latio
n (In
Mill
ions
)
Internet Users Non Internet Users
OpportunityOver 3 billion more consumers
Source Internet World Stats data as of 9202019 The above includes information about the potential growth of a certain sector It is impossible to predict future growth and actual results may vary The potential growth or decline of a particular sector is not guaranteed and does not represent the performance of the Fund
bull Developed Countries North America and Europe almost full adoption bull Asian Countries Internet adoption at ~54 room to growbull Growing Internet adoption rate in Asia will likely support revenue growth for Asia-Pacific Internet companies
Consumer Trends The Biggest Opportunity
Population vs Internet Penetration Rate
6osharescom | infoosharescom
E-commerce Sales US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund
bull E-commerce Sales E-commerce sales in the US totaled $513 billion in 2018 while China recorded more than 2x that value at $13 trillion
bull Growth Trend E-commerce sales in the US have grown ~72 since 2014 vs China at ~190Sa
les (
$ Bi
llion
s)
China - E-commerce Sales
US ndash E-commerce Sales
$297 $339$388
$449$513
$0$100$200$300$400$500$600
2014 2015 2016 2017 2018
Sale
s ($
Billi
ons)
723
$449$598
$743
$1103$1309
$0$200$400$600$800
$1000$1200$1400
2014 2015 2016 2017 2018
1914
7osharescom | infoosharescom
E-commerce Adoption US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund Past performance does not guarantee future results
bull E-commerce Adoption E-commerce sales in the US represented nearly 9 of total retail sales in 2018 vs China at over 23
bull Growth Trend E-commerce as a percent of total retail sales in the US has grown ~44 since 2014 vs China at over 120
61 66 72 80 88
$4851 $5135 $5379 $5608 $5814
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
106 129 155 196 236
$4227 $4639 $4789$5629 $5539
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
Sale
s ($
Bill
ions
)Sa
les
($ B
illio
ns)
China ndash Total Retail Sales
US ndash Total Retail Sales
8osharescom | infoosharescom
bull Digital Ads Forecasted to Surpass Traditional Media Digital ads in the US are estimated to surpass TV radio and print combined in 2019
bull Growing Share of the US Ad Market Digital ads are estimated to grow nearly 60 to $172 billion by 2021 representing 62 of the total US ad market compared to 49 in 2018
bull Big 4 in Digital Ads Google Facebook Amazon and Microsoft made up an estimated 70 of the market in 2018
US Digital Advertising Soon To Beat All Traditional Forms
$115 $109 $107 $104 $109
$129 $151
$172
$0
$40
$80
$120
$160
$200
2018 2019e 2020e 2021e
Traditional Ad Spend Digital Ad Spend
Digital Ads to Surpass all Traditional Forms
Source Recode and eMarketercom data as of 12312019 The above includes discussion about the estimated growth of a certain sector is for informational purposes only and does not represent the Fund It is impossible to predict future growth and actual results may vary
Ad S
pend
($ B
illio
ns)
37
229
4
28
4 Companies Lead Digital AdsEst Market Share - 2019
Google Facebook Amazon Microsoft Other
9osharescom | infoosharescom
$65 $80
$95 $109
$123 $134
$0
$20
$40
$60
$80
$100
$120
$140
$160
2018 2019e 2020e 2021e 2022e 2023e
China Digital Advertising Top 3 Companies
Source Digital Advertising revenue for Baidu Alibaba and Tencent from Bloomberg Finance LP as of 12312019 For most recent fiscal year end Digital advertising in China from emarketer data as of 3282019 The above data is for informational purposes only includes the estimated growth of a certain companies and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull China Digital Ad Market $65 billion as of 2018 forecasted to grow to over $130 billion by 2023bull 3 Companies over $45 billion in Digital Ad Revenue Alibaba Baidu and Tencent currently make up ~70 of
the digital ad market in China
China ndash Digital Advertising Spend
Name Digital Ad Revenue ndash Latest Fiscal Year($ Billions)
Est of Total
Alibaba $247 38Baidu $124 19
Tencent $88 13Total (BAT) $459 70Other $196 30Total $654 100
105
($ B
illio
ns)
10osharescom | infoosharescom
$124 $129
$136 $143 $150 $156 $160
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
Reve
nue
($ B
illio
ns)
Global Digital Media Revenue by Category
Digital Music ePublishing Video-on-Demand Video Games
Global Digital Media Revenue Top Internet StocksDigital Entertainment Includes video games video-on-demand ePublishing and musicGrowth Trend Global digital media revenue is forecasted to approach $160 billion by 2023Top 4 Internet Giants Tencent Netflix Amazon and Spotify are among the leaders in their respective categories
Source Global Digital Media Category Revenue data as of August 2019 published 162020 from Statista Amazon E-book statistics from Bloomberg Finance LP Spotify number of subscribers from The Verge All Other revenue data from Bloomberg Finance LP Category revenue data estimates as of the 2018 year end It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector or company does not represent the performance of the Fund
$0
Tencent(Video Games)
Over $15B in 2018 ~15 of Global Sales
Netflix(Video-on-Demand)
Nearly $16B in 2018~12 of Global Sales
Amazon(ePublishing)
Over 500 million e-books sold in the
US in 2018
Spotify(Digital Music)
Over 100 million paid Subscribers
11osharescom | infoosharescom
Source Canalys data as of Feb 2019The above charts are for informational purposes only and does not represent the OrsquoShares ETFs
bull Growth in Cloud Infrastructure Services The worldwide cloud infrastructure market grew from ~$55 billion in 2017 to over $80 billion in 2018 representing a growth rate of ~46
bull Big 5 in Cloud The Big 5 Amazon Microsoft Google Alibaba and IBM had combined revenue of ~$52 billion in 2018 up ~60 from 2017
bull Increasing share of the market 4 out of the Big 5 Amazon Microsoft Google and Alibaba increased their market share from ~54 in 2017 to over 60 in 2018
The Big 5 in Cloud Infrastructure
Worldwide Cloud Infrastructure Spending Big 4 (Amazon Microsoft Google Alibaba) Increase Market Share
315
135
643047
408
Amazon (AWS) Microsoft (Azure) GoogleAlibaba IBM Others
317
16885
40
38
352
2017 2018
Company 2017($ Billion)
2018($ Billion)
AnnualGrowth
Amazon (AWS) $173 $254 468
Microsoft (Azure) $74 $135 824
Google $35 $68 943
Alibaba $17 $32 882
IBM $26 $31 192
Others $224 $283 263
Total $549 $803 463
12osharescom | infoosharescom
Worldwide Cloud Application Services (SaaS) $80 Billion Market
Source Market-Cap and Revenue Growth from Bloomberg Finance LP Data as of 12312019 Worldwide Cloud Services revenue from Gartner List of SaaS Companies from Mike Sonders and The Software Report Forward Revenue Gr Includes average of 1FY and 2FY forward revenue growth For informational purposes only Does not represent the Fund
Cloud Application Services (SaaS) Software-as-a-Service is a software licensing model where access is provided on a subscription basis via the internet SaaS companies create develop host and update the product from one central locationStrong Growth Forecasts Worldwide SaaS revenue totaled $80 billion in 2018 and is forecasted to reach $144 billion by 2022 a growth rate of ~80Top 5 Companies The top 5 had combined revenue of ~$21 billion in 2018 representing over a quarter of the global market
Top 5 SaaS Companies
$80$95
$111$127
$144
$0
$50
$100
$150
$200
2018 2019e 2020e 2021e 2022e
Reve
nue
($ B
illio
ns)
Worldwide Cloud Application Services Revenue (SaaS)
Name Country Market Cap ($ B) Revenue Last FY ($ B) Forward Revenue Growth
salesforcecom US $1443 $133 255
ServiceNow US $532 $26 301
Workday US $461 $11 403
Shopify CA $378 $28 243
Atlassian US $294 $12 280
80
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
6osharescom | infoosharescom
E-commerce Sales US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund
bull E-commerce Sales E-commerce sales in the US totaled $513 billion in 2018 while China recorded more than 2x that value at $13 trillion
bull Growth Trend E-commerce sales in the US have grown ~72 since 2014 vs China at ~190Sa
les (
$ Bi
llion
s)
China - E-commerce Sales
US ndash E-commerce Sales
$297 $339$388
$449$513
$0$100$200$300$400$500$600
2014 2015 2016 2017 2018
Sale
s ($
Billi
ons)
723
$449$598
$743
$1103$1309
$0$200$400$600$800
$1000$1200$1400
2014 2015 2016 2017 2018
1914
7osharescom | infoosharescom
E-commerce Adoption US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund Past performance does not guarantee future results
bull E-commerce Adoption E-commerce sales in the US represented nearly 9 of total retail sales in 2018 vs China at over 23
bull Growth Trend E-commerce as a percent of total retail sales in the US has grown ~44 since 2014 vs China at over 120
61 66 72 80 88
$4851 $5135 $5379 $5608 $5814
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
106 129 155 196 236
$4227 $4639 $4789$5629 $5539
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
Sale
s ($
Bill
ions
)Sa
les
($ B
illio
ns)
China ndash Total Retail Sales
US ndash Total Retail Sales
8osharescom | infoosharescom
bull Digital Ads Forecasted to Surpass Traditional Media Digital ads in the US are estimated to surpass TV radio and print combined in 2019
bull Growing Share of the US Ad Market Digital ads are estimated to grow nearly 60 to $172 billion by 2021 representing 62 of the total US ad market compared to 49 in 2018
bull Big 4 in Digital Ads Google Facebook Amazon and Microsoft made up an estimated 70 of the market in 2018
US Digital Advertising Soon To Beat All Traditional Forms
$115 $109 $107 $104 $109
$129 $151
$172
$0
$40
$80
$120
$160
$200
2018 2019e 2020e 2021e
Traditional Ad Spend Digital Ad Spend
Digital Ads to Surpass all Traditional Forms
Source Recode and eMarketercom data as of 12312019 The above includes discussion about the estimated growth of a certain sector is for informational purposes only and does not represent the Fund It is impossible to predict future growth and actual results may vary
Ad S
pend
($ B
illio
ns)
37
229
4
28
4 Companies Lead Digital AdsEst Market Share - 2019
Google Facebook Amazon Microsoft Other
9osharescom | infoosharescom
$65 $80
$95 $109
$123 $134
$0
$20
$40
$60
$80
$100
$120
$140
$160
2018 2019e 2020e 2021e 2022e 2023e
China Digital Advertising Top 3 Companies
Source Digital Advertising revenue for Baidu Alibaba and Tencent from Bloomberg Finance LP as of 12312019 For most recent fiscal year end Digital advertising in China from emarketer data as of 3282019 The above data is for informational purposes only includes the estimated growth of a certain companies and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull China Digital Ad Market $65 billion as of 2018 forecasted to grow to over $130 billion by 2023bull 3 Companies over $45 billion in Digital Ad Revenue Alibaba Baidu and Tencent currently make up ~70 of
the digital ad market in China
China ndash Digital Advertising Spend
Name Digital Ad Revenue ndash Latest Fiscal Year($ Billions)
Est of Total
Alibaba $247 38Baidu $124 19
Tencent $88 13Total (BAT) $459 70Other $196 30Total $654 100
105
($ B
illio
ns)
10osharescom | infoosharescom
$124 $129
$136 $143 $150 $156 $160
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
Reve
nue
($ B
illio
ns)
Global Digital Media Revenue by Category
Digital Music ePublishing Video-on-Demand Video Games
Global Digital Media Revenue Top Internet StocksDigital Entertainment Includes video games video-on-demand ePublishing and musicGrowth Trend Global digital media revenue is forecasted to approach $160 billion by 2023Top 4 Internet Giants Tencent Netflix Amazon and Spotify are among the leaders in their respective categories
Source Global Digital Media Category Revenue data as of August 2019 published 162020 from Statista Amazon E-book statistics from Bloomberg Finance LP Spotify number of subscribers from The Verge All Other revenue data from Bloomberg Finance LP Category revenue data estimates as of the 2018 year end It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector or company does not represent the performance of the Fund
$0
Tencent(Video Games)
Over $15B in 2018 ~15 of Global Sales
Netflix(Video-on-Demand)
Nearly $16B in 2018~12 of Global Sales
Amazon(ePublishing)
Over 500 million e-books sold in the
US in 2018
Spotify(Digital Music)
Over 100 million paid Subscribers
11osharescom | infoosharescom
Source Canalys data as of Feb 2019The above charts are for informational purposes only and does not represent the OrsquoShares ETFs
bull Growth in Cloud Infrastructure Services The worldwide cloud infrastructure market grew from ~$55 billion in 2017 to over $80 billion in 2018 representing a growth rate of ~46
bull Big 5 in Cloud The Big 5 Amazon Microsoft Google Alibaba and IBM had combined revenue of ~$52 billion in 2018 up ~60 from 2017
bull Increasing share of the market 4 out of the Big 5 Amazon Microsoft Google and Alibaba increased their market share from ~54 in 2017 to over 60 in 2018
The Big 5 in Cloud Infrastructure
Worldwide Cloud Infrastructure Spending Big 4 (Amazon Microsoft Google Alibaba) Increase Market Share
315
135
643047
408
Amazon (AWS) Microsoft (Azure) GoogleAlibaba IBM Others
317
16885
40
38
352
2017 2018
Company 2017($ Billion)
2018($ Billion)
AnnualGrowth
Amazon (AWS) $173 $254 468
Microsoft (Azure) $74 $135 824
Google $35 $68 943
Alibaba $17 $32 882
IBM $26 $31 192
Others $224 $283 263
Total $549 $803 463
12osharescom | infoosharescom
Worldwide Cloud Application Services (SaaS) $80 Billion Market
Source Market-Cap and Revenue Growth from Bloomberg Finance LP Data as of 12312019 Worldwide Cloud Services revenue from Gartner List of SaaS Companies from Mike Sonders and The Software Report Forward Revenue Gr Includes average of 1FY and 2FY forward revenue growth For informational purposes only Does not represent the Fund
Cloud Application Services (SaaS) Software-as-a-Service is a software licensing model where access is provided on a subscription basis via the internet SaaS companies create develop host and update the product from one central locationStrong Growth Forecasts Worldwide SaaS revenue totaled $80 billion in 2018 and is forecasted to reach $144 billion by 2022 a growth rate of ~80Top 5 Companies The top 5 had combined revenue of ~$21 billion in 2018 representing over a quarter of the global market
Top 5 SaaS Companies
$80$95
$111$127
$144
$0
$50
$100
$150
$200
2018 2019e 2020e 2021e 2022e
Reve
nue
($ B
illio
ns)
Worldwide Cloud Application Services Revenue (SaaS)
Name Country Market Cap ($ B) Revenue Last FY ($ B) Forward Revenue Growth
salesforcecom US $1443 $133 255
ServiceNow US $532 $26 301
Workday US $461 $11 403
Shopify CA $378 $28 243
Atlassian US $294 $12 280
80
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
7osharescom | infoosharescom
E-commerce Adoption US vs China
Source Bloomberg Finance LP data as of 12312018 For informational purposes only Not meant to represent the Fund Past performance does not guarantee future results
bull E-commerce Adoption E-commerce sales in the US represented nearly 9 of total retail sales in 2018 vs China at over 23
bull Growth Trend E-commerce as a percent of total retail sales in the US has grown ~44 since 2014 vs China at over 120
61 66 72 80 88
$4851 $5135 $5379 $5608 $5814
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
106 129 155 196 236
$4227 $4639 $4789$5629 $5539
$0
$2000
$4000
$6000
2014 2015 2016 2017 2018E-Commerce
Sale
s ($
Bill
ions
)Sa
les
($ B
illio
ns)
China ndash Total Retail Sales
US ndash Total Retail Sales
8osharescom | infoosharescom
bull Digital Ads Forecasted to Surpass Traditional Media Digital ads in the US are estimated to surpass TV radio and print combined in 2019
bull Growing Share of the US Ad Market Digital ads are estimated to grow nearly 60 to $172 billion by 2021 representing 62 of the total US ad market compared to 49 in 2018
bull Big 4 in Digital Ads Google Facebook Amazon and Microsoft made up an estimated 70 of the market in 2018
US Digital Advertising Soon To Beat All Traditional Forms
$115 $109 $107 $104 $109
$129 $151
$172
$0
$40
$80
$120
$160
$200
2018 2019e 2020e 2021e
Traditional Ad Spend Digital Ad Spend
Digital Ads to Surpass all Traditional Forms
Source Recode and eMarketercom data as of 12312019 The above includes discussion about the estimated growth of a certain sector is for informational purposes only and does not represent the Fund It is impossible to predict future growth and actual results may vary
Ad S
pend
($ B
illio
ns)
37
229
4
28
4 Companies Lead Digital AdsEst Market Share - 2019
Google Facebook Amazon Microsoft Other
9osharescom | infoosharescom
$65 $80
$95 $109
$123 $134
$0
$20
$40
$60
$80
$100
$120
$140
$160
2018 2019e 2020e 2021e 2022e 2023e
China Digital Advertising Top 3 Companies
Source Digital Advertising revenue for Baidu Alibaba and Tencent from Bloomberg Finance LP as of 12312019 For most recent fiscal year end Digital advertising in China from emarketer data as of 3282019 The above data is for informational purposes only includes the estimated growth of a certain companies and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull China Digital Ad Market $65 billion as of 2018 forecasted to grow to over $130 billion by 2023bull 3 Companies over $45 billion in Digital Ad Revenue Alibaba Baidu and Tencent currently make up ~70 of
the digital ad market in China
China ndash Digital Advertising Spend
Name Digital Ad Revenue ndash Latest Fiscal Year($ Billions)
Est of Total
Alibaba $247 38Baidu $124 19
Tencent $88 13Total (BAT) $459 70Other $196 30Total $654 100
105
($ B
illio
ns)
10osharescom | infoosharescom
$124 $129
$136 $143 $150 $156 $160
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
Reve
nue
($ B
illio
ns)
Global Digital Media Revenue by Category
Digital Music ePublishing Video-on-Demand Video Games
Global Digital Media Revenue Top Internet StocksDigital Entertainment Includes video games video-on-demand ePublishing and musicGrowth Trend Global digital media revenue is forecasted to approach $160 billion by 2023Top 4 Internet Giants Tencent Netflix Amazon and Spotify are among the leaders in their respective categories
Source Global Digital Media Category Revenue data as of August 2019 published 162020 from Statista Amazon E-book statistics from Bloomberg Finance LP Spotify number of subscribers from The Verge All Other revenue data from Bloomberg Finance LP Category revenue data estimates as of the 2018 year end It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector or company does not represent the performance of the Fund
$0
Tencent(Video Games)
Over $15B in 2018 ~15 of Global Sales
Netflix(Video-on-Demand)
Nearly $16B in 2018~12 of Global Sales
Amazon(ePublishing)
Over 500 million e-books sold in the
US in 2018
Spotify(Digital Music)
Over 100 million paid Subscribers
11osharescom | infoosharescom
Source Canalys data as of Feb 2019The above charts are for informational purposes only and does not represent the OrsquoShares ETFs
bull Growth in Cloud Infrastructure Services The worldwide cloud infrastructure market grew from ~$55 billion in 2017 to over $80 billion in 2018 representing a growth rate of ~46
bull Big 5 in Cloud The Big 5 Amazon Microsoft Google Alibaba and IBM had combined revenue of ~$52 billion in 2018 up ~60 from 2017
bull Increasing share of the market 4 out of the Big 5 Amazon Microsoft Google and Alibaba increased their market share from ~54 in 2017 to over 60 in 2018
The Big 5 in Cloud Infrastructure
Worldwide Cloud Infrastructure Spending Big 4 (Amazon Microsoft Google Alibaba) Increase Market Share
315
135
643047
408
Amazon (AWS) Microsoft (Azure) GoogleAlibaba IBM Others
317
16885
40
38
352
2017 2018
Company 2017($ Billion)
2018($ Billion)
AnnualGrowth
Amazon (AWS) $173 $254 468
Microsoft (Azure) $74 $135 824
Google $35 $68 943
Alibaba $17 $32 882
IBM $26 $31 192
Others $224 $283 263
Total $549 $803 463
12osharescom | infoosharescom
Worldwide Cloud Application Services (SaaS) $80 Billion Market
Source Market-Cap and Revenue Growth from Bloomberg Finance LP Data as of 12312019 Worldwide Cloud Services revenue from Gartner List of SaaS Companies from Mike Sonders and The Software Report Forward Revenue Gr Includes average of 1FY and 2FY forward revenue growth For informational purposes only Does not represent the Fund
Cloud Application Services (SaaS) Software-as-a-Service is a software licensing model where access is provided on a subscription basis via the internet SaaS companies create develop host and update the product from one central locationStrong Growth Forecasts Worldwide SaaS revenue totaled $80 billion in 2018 and is forecasted to reach $144 billion by 2022 a growth rate of ~80Top 5 Companies The top 5 had combined revenue of ~$21 billion in 2018 representing over a quarter of the global market
Top 5 SaaS Companies
$80$95
$111$127
$144
$0
$50
$100
$150
$200
2018 2019e 2020e 2021e 2022e
Reve
nue
($ B
illio
ns)
Worldwide Cloud Application Services Revenue (SaaS)
Name Country Market Cap ($ B) Revenue Last FY ($ B) Forward Revenue Growth
salesforcecom US $1443 $133 255
ServiceNow US $532 $26 301
Workday US $461 $11 403
Shopify CA $378 $28 243
Atlassian US $294 $12 280
80
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
8osharescom | infoosharescom
bull Digital Ads Forecasted to Surpass Traditional Media Digital ads in the US are estimated to surpass TV radio and print combined in 2019
bull Growing Share of the US Ad Market Digital ads are estimated to grow nearly 60 to $172 billion by 2021 representing 62 of the total US ad market compared to 49 in 2018
bull Big 4 in Digital Ads Google Facebook Amazon and Microsoft made up an estimated 70 of the market in 2018
US Digital Advertising Soon To Beat All Traditional Forms
$115 $109 $107 $104 $109
$129 $151
$172
$0
$40
$80
$120
$160
$200
2018 2019e 2020e 2021e
Traditional Ad Spend Digital Ad Spend
Digital Ads to Surpass all Traditional Forms
Source Recode and eMarketercom data as of 12312019 The above includes discussion about the estimated growth of a certain sector is for informational purposes only and does not represent the Fund It is impossible to predict future growth and actual results may vary
Ad S
pend
($ B
illio
ns)
37
229
4
28
4 Companies Lead Digital AdsEst Market Share - 2019
Google Facebook Amazon Microsoft Other
9osharescom | infoosharescom
$65 $80
$95 $109
$123 $134
$0
$20
$40
$60
$80
$100
$120
$140
$160
2018 2019e 2020e 2021e 2022e 2023e
China Digital Advertising Top 3 Companies
Source Digital Advertising revenue for Baidu Alibaba and Tencent from Bloomberg Finance LP as of 12312019 For most recent fiscal year end Digital advertising in China from emarketer data as of 3282019 The above data is for informational purposes only includes the estimated growth of a certain companies and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull China Digital Ad Market $65 billion as of 2018 forecasted to grow to over $130 billion by 2023bull 3 Companies over $45 billion in Digital Ad Revenue Alibaba Baidu and Tencent currently make up ~70 of
the digital ad market in China
China ndash Digital Advertising Spend
Name Digital Ad Revenue ndash Latest Fiscal Year($ Billions)
Est of Total
Alibaba $247 38Baidu $124 19
Tencent $88 13Total (BAT) $459 70Other $196 30Total $654 100
105
($ B
illio
ns)
10osharescom | infoosharescom
$124 $129
$136 $143 $150 $156 $160
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
Reve
nue
($ B
illio
ns)
Global Digital Media Revenue by Category
Digital Music ePublishing Video-on-Demand Video Games
Global Digital Media Revenue Top Internet StocksDigital Entertainment Includes video games video-on-demand ePublishing and musicGrowth Trend Global digital media revenue is forecasted to approach $160 billion by 2023Top 4 Internet Giants Tencent Netflix Amazon and Spotify are among the leaders in their respective categories
Source Global Digital Media Category Revenue data as of August 2019 published 162020 from Statista Amazon E-book statistics from Bloomberg Finance LP Spotify number of subscribers from The Verge All Other revenue data from Bloomberg Finance LP Category revenue data estimates as of the 2018 year end It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector or company does not represent the performance of the Fund
$0
Tencent(Video Games)
Over $15B in 2018 ~15 of Global Sales
Netflix(Video-on-Demand)
Nearly $16B in 2018~12 of Global Sales
Amazon(ePublishing)
Over 500 million e-books sold in the
US in 2018
Spotify(Digital Music)
Over 100 million paid Subscribers
11osharescom | infoosharescom
Source Canalys data as of Feb 2019The above charts are for informational purposes only and does not represent the OrsquoShares ETFs
bull Growth in Cloud Infrastructure Services The worldwide cloud infrastructure market grew from ~$55 billion in 2017 to over $80 billion in 2018 representing a growth rate of ~46
bull Big 5 in Cloud The Big 5 Amazon Microsoft Google Alibaba and IBM had combined revenue of ~$52 billion in 2018 up ~60 from 2017
bull Increasing share of the market 4 out of the Big 5 Amazon Microsoft Google and Alibaba increased their market share from ~54 in 2017 to over 60 in 2018
The Big 5 in Cloud Infrastructure
Worldwide Cloud Infrastructure Spending Big 4 (Amazon Microsoft Google Alibaba) Increase Market Share
315
135
643047
408
Amazon (AWS) Microsoft (Azure) GoogleAlibaba IBM Others
317
16885
40
38
352
2017 2018
Company 2017($ Billion)
2018($ Billion)
AnnualGrowth
Amazon (AWS) $173 $254 468
Microsoft (Azure) $74 $135 824
Google $35 $68 943
Alibaba $17 $32 882
IBM $26 $31 192
Others $224 $283 263
Total $549 $803 463
12osharescom | infoosharescom
Worldwide Cloud Application Services (SaaS) $80 Billion Market
Source Market-Cap and Revenue Growth from Bloomberg Finance LP Data as of 12312019 Worldwide Cloud Services revenue from Gartner List of SaaS Companies from Mike Sonders and The Software Report Forward Revenue Gr Includes average of 1FY and 2FY forward revenue growth For informational purposes only Does not represent the Fund
Cloud Application Services (SaaS) Software-as-a-Service is a software licensing model where access is provided on a subscription basis via the internet SaaS companies create develop host and update the product from one central locationStrong Growth Forecasts Worldwide SaaS revenue totaled $80 billion in 2018 and is forecasted to reach $144 billion by 2022 a growth rate of ~80Top 5 Companies The top 5 had combined revenue of ~$21 billion in 2018 representing over a quarter of the global market
Top 5 SaaS Companies
$80$95
$111$127
$144
$0
$50
$100
$150
$200
2018 2019e 2020e 2021e 2022e
Reve
nue
($ B
illio
ns)
Worldwide Cloud Application Services Revenue (SaaS)
Name Country Market Cap ($ B) Revenue Last FY ($ B) Forward Revenue Growth
salesforcecom US $1443 $133 255
ServiceNow US $532 $26 301
Workday US $461 $11 403
Shopify CA $378 $28 243
Atlassian US $294 $12 280
80
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
9osharescom | infoosharescom
$65 $80
$95 $109
$123 $134
$0
$20
$40
$60
$80
$100
$120
$140
$160
2018 2019e 2020e 2021e 2022e 2023e
China Digital Advertising Top 3 Companies
Source Digital Advertising revenue for Baidu Alibaba and Tencent from Bloomberg Finance LP as of 12312019 For most recent fiscal year end Digital advertising in China from emarketer data as of 3282019 The above data is for informational purposes only includes the estimated growth of a certain companies and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull China Digital Ad Market $65 billion as of 2018 forecasted to grow to over $130 billion by 2023bull 3 Companies over $45 billion in Digital Ad Revenue Alibaba Baidu and Tencent currently make up ~70 of
the digital ad market in China
China ndash Digital Advertising Spend
Name Digital Ad Revenue ndash Latest Fiscal Year($ Billions)
Est of Total
Alibaba $247 38Baidu $124 19
Tencent $88 13Total (BAT) $459 70Other $196 30Total $654 100
105
($ B
illio
ns)
10osharescom | infoosharescom
$124 $129
$136 $143 $150 $156 $160
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
Reve
nue
($ B
illio
ns)
Global Digital Media Revenue by Category
Digital Music ePublishing Video-on-Demand Video Games
Global Digital Media Revenue Top Internet StocksDigital Entertainment Includes video games video-on-demand ePublishing and musicGrowth Trend Global digital media revenue is forecasted to approach $160 billion by 2023Top 4 Internet Giants Tencent Netflix Amazon and Spotify are among the leaders in their respective categories
Source Global Digital Media Category Revenue data as of August 2019 published 162020 from Statista Amazon E-book statistics from Bloomberg Finance LP Spotify number of subscribers from The Verge All Other revenue data from Bloomberg Finance LP Category revenue data estimates as of the 2018 year end It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector or company does not represent the performance of the Fund
$0
Tencent(Video Games)
Over $15B in 2018 ~15 of Global Sales
Netflix(Video-on-Demand)
Nearly $16B in 2018~12 of Global Sales
Amazon(ePublishing)
Over 500 million e-books sold in the
US in 2018
Spotify(Digital Music)
Over 100 million paid Subscribers
11osharescom | infoosharescom
Source Canalys data as of Feb 2019The above charts are for informational purposes only and does not represent the OrsquoShares ETFs
bull Growth in Cloud Infrastructure Services The worldwide cloud infrastructure market grew from ~$55 billion in 2017 to over $80 billion in 2018 representing a growth rate of ~46
bull Big 5 in Cloud The Big 5 Amazon Microsoft Google Alibaba and IBM had combined revenue of ~$52 billion in 2018 up ~60 from 2017
bull Increasing share of the market 4 out of the Big 5 Amazon Microsoft Google and Alibaba increased their market share from ~54 in 2017 to over 60 in 2018
The Big 5 in Cloud Infrastructure
Worldwide Cloud Infrastructure Spending Big 4 (Amazon Microsoft Google Alibaba) Increase Market Share
315
135
643047
408
Amazon (AWS) Microsoft (Azure) GoogleAlibaba IBM Others
317
16885
40
38
352
2017 2018
Company 2017($ Billion)
2018($ Billion)
AnnualGrowth
Amazon (AWS) $173 $254 468
Microsoft (Azure) $74 $135 824
Google $35 $68 943
Alibaba $17 $32 882
IBM $26 $31 192
Others $224 $283 263
Total $549 $803 463
12osharescom | infoosharescom
Worldwide Cloud Application Services (SaaS) $80 Billion Market
Source Market-Cap and Revenue Growth from Bloomberg Finance LP Data as of 12312019 Worldwide Cloud Services revenue from Gartner List of SaaS Companies from Mike Sonders and The Software Report Forward Revenue Gr Includes average of 1FY and 2FY forward revenue growth For informational purposes only Does not represent the Fund
Cloud Application Services (SaaS) Software-as-a-Service is a software licensing model where access is provided on a subscription basis via the internet SaaS companies create develop host and update the product from one central locationStrong Growth Forecasts Worldwide SaaS revenue totaled $80 billion in 2018 and is forecasted to reach $144 billion by 2022 a growth rate of ~80Top 5 Companies The top 5 had combined revenue of ~$21 billion in 2018 representing over a quarter of the global market
Top 5 SaaS Companies
$80$95
$111$127
$144
$0
$50
$100
$150
$200
2018 2019e 2020e 2021e 2022e
Reve
nue
($ B
illio
ns)
Worldwide Cloud Application Services Revenue (SaaS)
Name Country Market Cap ($ B) Revenue Last FY ($ B) Forward Revenue Growth
salesforcecom US $1443 $133 255
ServiceNow US $532 $26 301
Workday US $461 $11 403
Shopify CA $378 $28 243
Atlassian US $294 $12 280
80
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
10osharescom | infoosharescom
$124 $129
$136 $143 $150 $156 $160
$-
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
Reve
nue
($ B
illio
ns)
Global Digital Media Revenue by Category
Digital Music ePublishing Video-on-Demand Video Games
Global Digital Media Revenue Top Internet StocksDigital Entertainment Includes video games video-on-demand ePublishing and musicGrowth Trend Global digital media revenue is forecasted to approach $160 billion by 2023Top 4 Internet Giants Tencent Netflix Amazon and Spotify are among the leaders in their respective categories
Source Global Digital Media Category Revenue data as of August 2019 published 162020 from Statista Amazon E-book statistics from Bloomberg Finance LP Spotify number of subscribers from The Verge All Other revenue data from Bloomberg Finance LP Category revenue data estimates as of the 2018 year end It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector or company does not represent the performance of the Fund
$0
Tencent(Video Games)
Over $15B in 2018 ~15 of Global Sales
Netflix(Video-on-Demand)
Nearly $16B in 2018~12 of Global Sales
Amazon(ePublishing)
Over 500 million e-books sold in the
US in 2018
Spotify(Digital Music)
Over 100 million paid Subscribers
11osharescom | infoosharescom
Source Canalys data as of Feb 2019The above charts are for informational purposes only and does not represent the OrsquoShares ETFs
bull Growth in Cloud Infrastructure Services The worldwide cloud infrastructure market grew from ~$55 billion in 2017 to over $80 billion in 2018 representing a growth rate of ~46
bull Big 5 in Cloud The Big 5 Amazon Microsoft Google Alibaba and IBM had combined revenue of ~$52 billion in 2018 up ~60 from 2017
bull Increasing share of the market 4 out of the Big 5 Amazon Microsoft Google and Alibaba increased their market share from ~54 in 2017 to over 60 in 2018
The Big 5 in Cloud Infrastructure
Worldwide Cloud Infrastructure Spending Big 4 (Amazon Microsoft Google Alibaba) Increase Market Share
315
135
643047
408
Amazon (AWS) Microsoft (Azure) GoogleAlibaba IBM Others
317
16885
40
38
352
2017 2018
Company 2017($ Billion)
2018($ Billion)
AnnualGrowth
Amazon (AWS) $173 $254 468
Microsoft (Azure) $74 $135 824
Google $35 $68 943
Alibaba $17 $32 882
IBM $26 $31 192
Others $224 $283 263
Total $549 $803 463
12osharescom | infoosharescom
Worldwide Cloud Application Services (SaaS) $80 Billion Market
Source Market-Cap and Revenue Growth from Bloomberg Finance LP Data as of 12312019 Worldwide Cloud Services revenue from Gartner List of SaaS Companies from Mike Sonders and The Software Report Forward Revenue Gr Includes average of 1FY and 2FY forward revenue growth For informational purposes only Does not represent the Fund
Cloud Application Services (SaaS) Software-as-a-Service is a software licensing model where access is provided on a subscription basis via the internet SaaS companies create develop host and update the product from one central locationStrong Growth Forecasts Worldwide SaaS revenue totaled $80 billion in 2018 and is forecasted to reach $144 billion by 2022 a growth rate of ~80Top 5 Companies The top 5 had combined revenue of ~$21 billion in 2018 representing over a quarter of the global market
Top 5 SaaS Companies
$80$95
$111$127
$144
$0
$50
$100
$150
$200
2018 2019e 2020e 2021e 2022e
Reve
nue
($ B
illio
ns)
Worldwide Cloud Application Services Revenue (SaaS)
Name Country Market Cap ($ B) Revenue Last FY ($ B) Forward Revenue Growth
salesforcecom US $1443 $133 255
ServiceNow US $532 $26 301
Workday US $461 $11 403
Shopify CA $378 $28 243
Atlassian US $294 $12 280
80
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
11osharescom | infoosharescom
Source Canalys data as of Feb 2019The above charts are for informational purposes only and does not represent the OrsquoShares ETFs
bull Growth in Cloud Infrastructure Services The worldwide cloud infrastructure market grew from ~$55 billion in 2017 to over $80 billion in 2018 representing a growth rate of ~46
bull Big 5 in Cloud The Big 5 Amazon Microsoft Google Alibaba and IBM had combined revenue of ~$52 billion in 2018 up ~60 from 2017
bull Increasing share of the market 4 out of the Big 5 Amazon Microsoft Google and Alibaba increased their market share from ~54 in 2017 to over 60 in 2018
The Big 5 in Cloud Infrastructure
Worldwide Cloud Infrastructure Spending Big 4 (Amazon Microsoft Google Alibaba) Increase Market Share
315
135
643047
408
Amazon (AWS) Microsoft (Azure) GoogleAlibaba IBM Others
317
16885
40
38
352
2017 2018
Company 2017($ Billion)
2018($ Billion)
AnnualGrowth
Amazon (AWS) $173 $254 468
Microsoft (Azure) $74 $135 824
Google $35 $68 943
Alibaba $17 $32 882
IBM $26 $31 192
Others $224 $283 263
Total $549 $803 463
12osharescom | infoosharescom
Worldwide Cloud Application Services (SaaS) $80 Billion Market
Source Market-Cap and Revenue Growth from Bloomberg Finance LP Data as of 12312019 Worldwide Cloud Services revenue from Gartner List of SaaS Companies from Mike Sonders and The Software Report Forward Revenue Gr Includes average of 1FY and 2FY forward revenue growth For informational purposes only Does not represent the Fund
Cloud Application Services (SaaS) Software-as-a-Service is a software licensing model where access is provided on a subscription basis via the internet SaaS companies create develop host and update the product from one central locationStrong Growth Forecasts Worldwide SaaS revenue totaled $80 billion in 2018 and is forecasted to reach $144 billion by 2022 a growth rate of ~80Top 5 Companies The top 5 had combined revenue of ~$21 billion in 2018 representing over a quarter of the global market
Top 5 SaaS Companies
$80$95
$111$127
$144
$0
$50
$100
$150
$200
2018 2019e 2020e 2021e 2022e
Reve
nue
($ B
illio
ns)
Worldwide Cloud Application Services Revenue (SaaS)
Name Country Market Cap ($ B) Revenue Last FY ($ B) Forward Revenue Growth
salesforcecom US $1443 $133 255
ServiceNow US $532 $26 301
Workday US $461 $11 403
Shopify CA $378 $28 243
Atlassian US $294 $12 280
80
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
12osharescom | infoosharescom
Worldwide Cloud Application Services (SaaS) $80 Billion Market
Source Market-Cap and Revenue Growth from Bloomberg Finance LP Data as of 12312019 Worldwide Cloud Services revenue from Gartner List of SaaS Companies from Mike Sonders and The Software Report Forward Revenue Gr Includes average of 1FY and 2FY forward revenue growth For informational purposes only Does not represent the Fund
Cloud Application Services (SaaS) Software-as-a-Service is a software licensing model where access is provided on a subscription basis via the internet SaaS companies create develop host and update the product from one central locationStrong Growth Forecasts Worldwide SaaS revenue totaled $80 billion in 2018 and is forecasted to reach $144 billion by 2022 a growth rate of ~80Top 5 Companies The top 5 had combined revenue of ~$21 billion in 2018 representing over a quarter of the global market
Top 5 SaaS Companies
$80$95
$111$127
$144
$0
$50
$100
$150
$200
2018 2019e 2020e 2021e 2022e
Reve
nue
($ B
illio
ns)
Worldwide Cloud Application Services Revenue (SaaS)
Name Country Market Cap ($ B) Revenue Last FY ($ B) Forward Revenue Growth
salesforcecom US $1443 $133 255
ServiceNow US $532 $26 301
Workday US $461 $11 403
Shopify CA $378 $28 243
Atlassian US $294 $12 280
80
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
13osharescom | infoosharescom
35 Billion Social Media Users Worldwide Top 3 Companies in Social Media
Source Wearesocial data as of Jan 2019 Statista data as of April 2019 For informational purposes only Does not represent the Fund
bull Nearly half of the worlds population is on social media There are roughly 35 billion social media users among the approximate 77 billion people in the world
bull Strong growth trend The number of social media users has grown 88 from 18 billion in 2014 to 35 billion in 2019bull 3 companies dominate social media 8 out of the top 10 social networking sites are owned by three companies
Facebook Google and Tencent
Worldwide Social Media Users 2014 -2019 Top 10 Social Networks by Monthly Active Users
1857 2078
2307
2796
3196 3484
0
1000
2000
3000
4000
2014 2015 2016 2017 2018 2019
Num
ber o
f use
rs in
Mill
ions
Social Network Monthly Active Users(Millions)
Facebook 2414
YouTube (Google) 2000
WhatsApp (Facebook) 1600
Messenger (Facebook) 1300
WeChat (Tencent) 1133
Instagram (Facebook) 1000
QQ (Tencent) 808
Qzone (Tencent) 554
Douyin Tik Tok (ByteDance) 500
Sina Weibo 486
88
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
14osharescom | infoosharescom
Mobile Apps Worldwide Consumer Spending
Source APAC is Asia-Pacific EMEA is Europe the Middle East and Africa Worldwide consumer spending on Mobile Apps by Region from Statista Top Companies of 2018 from Report The State of Mobile 2019 retrieved from App Annie For informational purposes only and does not represent the OShares ETFs It is impossible to predict future spending and actual results may vary
bull Mobile App Spending over $100 billion Worldwide consumer spending on mobile apps was over $100 billion in 2018 and forecasted to reach nearly $160 billion by 2022
bull Asia Pacific accounts over 60 Asia Pacific leads the way with over $70 billion in 2018 Americas comes second at over $20 billion followed by Europe Middle East and Africa at nearly $15 billion
bull Top 10 Companies by Consumer Spend 5 of the top 10 companies are US the other 5 are in Asia
Worldwide Consumer Spending on Mobile AppsAsia Pacific accounts over for over 60
$82
$106
$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018e 2022e
Spen
d ($
Bill
ions
)
APAC Americas EMEA
Top Companies of 2018Combined iOS and Google Play Consumer Spend
Company Country
Tencent China
InterActiveCorp (IAC) United States
Netflix United States
Google United States
Baidu China
LINE Japan
Pandora United States
Alibaba Group China
OneSmile China
Microsoft United States
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
15osharescom | infoosharescom
Worldwide Online Food Delivery Nearing $100 Billion
Source Global Online Food Delivery Revenue from Statista Top Companies from VisionGain Eleme revenue estimate from Nikkei Asia Review All other data from Bloomberg Finance LP data as of 12312019 The data shown is for informational purposes only includes the estimated growth of a certain sector and does not represent the OrsquoShares ETFs It is impossible to predict future growth and actual results may vary
bull Online food delivery over $90 billion Global food delivery orders placed online totaled over $90 billion in 2018 and are forecasted to reach nearly $160 billion by 2023 a growth rate of ~72
bull China accounts for ~40 China leads with an estimated market share of ~40 followed by the US at ~20bull Top 5 Platforms The top platforms by revenue include Chinese-based Meituan-Dianping and Eleme acquired by
Alibaba The other three spots are occupied by Uber Eats Just Eat and Grubhub Their combined revenue in 2018 was ~$12 billion
Top 5 Online Food Delivery Platforms by Revenue
Name Country Revenue 2018 ($ Billions)
Meituan-Dianping China $58
Eleme (Alibaba) China $29
Uber Eats (Uber) United States $15
Just Eat United Kingdom $10
Grubhub United States $10
$76
$91
$107
$123$136
$148$157
$0
$20
$40
$60
$80
$100
$120
$140
$160
$180
2017 2018 2019e 2020e 2021e 2022e 2023e
$ Bi
llion
s
Global online food delivery forecasted to reach over $150 Billion
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
16osharescom | infoosharescom
Source OrsquoShares ETFs data as of 12312019 Holdings subject to change
Name Country Weight
Amazon US 601
Alibaba CN 593
Facebook US 582
Alphabet US 569
Microsoft US 467
Tencent CN 464
Netflix US 226
salesforcecom US 215
Delivery Hero SE DE 199
Shopify CA 186
OGIG Top 10 Holdings
Own 60+ of The Fastest Growing Internet Stocks
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
17osharescom | infoosharescom
Source Bloomberg Finance LP Market Cap as of 12312019 Revenue Growth Trailing 12 month revenue growth Past performance does not guarantee future results The indices shown are for informational purposes only Investors cannot directly invest in an index and unmanaged index returns do not reflect any fees expenses or sales charges For index and definitions of financial terms please see page 22
bull OGIG Index Revenue Growth Over 3x Nasdaq 100 and ~6x Technology Select Sector Indexbull The OGIG Index owns more than 60 of the fastest growing Internet and E-commerce
companies in the world
Top Internet Giants Growing Revenue Faster than Generic ldquoTechrdquo
36
11
8
6
0 5 10 15 20 25 30 35 40
OGIG Index
NASDAQ 100 Stock Index
SampP 500 Index
Technology Select Sector Total Return Index
OGIG Index vs Other Notable Indexes - Revenue Growth
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
18osharescom | infoosharescom
Sales Growth TTM
Higher Revenue Growth
Sales Growth Fwd 1Y
Higher Revenue Growth Estimates
EPS Growth Fwd 1Y
Higher Earnings Growth Estimates
Number of Stocks
Over 60 of the Fastest Growing Internet amp E-commerce Companies
Source Bloomberg Finance LP data as of 12312019 OGIG Index OrsquoShares Global Internet Giants IndexPast performance is not indicative of future results One cannot invest directly in an index It is impossible to predict future growth and actual results may vary The potential growth or decline of any sector does not represent the performance of the Fund For index and definitions of financial terms please see page 22
NASDAQ-100 Total Return IndexOGIG Index
OGIG Index Key Metrics
114
358
120316
95150
10371
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
19osharescom | infoosharescom
Source Bloomberg Finance LP data as of 12312019 Subject to change
OGIG Sector amp Country Allocation
334
401
264
Sector Allocation
Communication ServicesInformation TechnologyConsumer Discretionary
663
194
27
22
19
16
13
12
10
10
08
05
United States
China
Germany
United Kingdom
Canada
Argentina
Netherlands
New Zealand
Sweden
Israel
Japan
Switzerland
Other
Country Allocation
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
20osharescom | infoosharescom
Quarterly performance as of 12312019 OGIG launched on June 5 2018 Performance data quoted represents past performance and is no guarantee of future results Current performance may be lower or higher than the performance data quoted Investment return and principal value will fluctuate so that an investorrsquos shares when redeemed may be worth more or less than original cost Returns beyond 1 year are annualized For most recent month end performance please visit wwwosharescom
Expense Ratio 048
Quarterly Performance
1 M 3 M 6 M 1 Y QTD YTD SI
OGIG NAV 259 1192 459 3662 1192 3662 300
OGIG Market Value 235 1158 444 3683 1158 3683 282
Performance of OGIGOrsquoShares Global Internet Giants ETF
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
21osharescom | infoosharescom
OrsquoShares ETFs US and Global ETFsConsistent Investment Process Focused on Quality Yield amp Growth
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
22osharescom | infoosharescom
Definitions and Financial Terms
EPS Growth Fwd 1Y The percent change in the Earnings Per Share (EPS) estimate for the specified period from the same period a year earlier
FY Fiscal Year
1FY Forward 1 Fiscal Year
2FY Forward 2 Fiscal Years
NASDAQ-100 Total Return Index The NASDAQ-100 Index is a modified capitalization-weighted index of the 100 largest and most active non-financial domestic and international issues listed on the NASDAQ No security can have more than a 24 weighting The index was developed with a base value of 125 as of February 1 1985 Prior to December 211998 the Nasdaq 100 was a cap-weighted index
Sales Growth TTM Trailing 12 months
Sales Growth Fwd 1Y The percent change in the sales estimate for the specified period from the same period a year earlier
SampP 500 The SampP 500reg is widely regarded as the best single gauge of large-cap US equities and serves as the foundation for a wide range of investment products The index includes 500 leading companies and captures approximately 80 coverage of available market capitalization
Technology Select Sector Total Return Index The Technology Select Sector Index is a modified cap-weighted index The index is intended to track the movements of companies that are components of the SampP 500 and are involved in the development or production of technology products The index which serves as a benchmark for The Technology Select Sector SPDR FundXLK was established with a value of 250 on June 30 1998
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
23osharescom | infoosharescom
Before you invest in OrsquoShares ETF Investments Funds please refer to the prospectus for important information about theinvestment objectives risks charges and expenses To obtain a prospectus containing this and other importantinformation please visit wwwosharescom to view or download a prospectus online Read the prospectus carefully beforeyou invest There are risks involved with investing including the possible loss of principal
Concentration in a particular industry or sector will subject the Funds to loss due to adverse occurrences that may affect thatindustry or sector The Funds may use derivatives which may involve risks different from or greater than those associatedwith more traditional investments A Funds emphasis on dividend-paying stocks involves the risk that such stocks may fall outof favor with investors and underperform the market Also a company may reduce or eliminate its dividend after the Fundspurchase of such a companys securities Returns on investments in foreign securities could be more volatile than or trail thereturns on investments in US securities Exposures to foreign securities entail special risks including political diplomaticeconomic foreign market and trading risks In addition a Funds investments in securities denominated in other currenciescould decline due to changes in local currency relative to the value of the US dollar which may affect the Funds returns Seethe prospectus for specific risks regarding the Funds
Companies involved with the Internet technology and e-commerce are exposed to risks associated with rapid advances intechnology obsolescence of current products and services the finite life of patents and the constant threat of globalcompetition and substitutes
Past performance does not guarantee future results Shares are bought and sold at market price (not NAV) are notindividually redeemable and owners of Shares may acquire those Shares from the Funds and tender those shares forredemption to the Funds in Creation Unit aggregations only consisting of 50000 Shares Brokerage commissions will reducereturns The market price of Shares can be at below or above NAV Market Price returns are based upon the midpoint of thebidask spread at 400 PM Eastern time (when NAV is normally determined) and do not represent the returns you wouldreceive if you traded Shares at other times
OrsquoShares ETF Investments Funds are distributed by Foreside Fund Services LLC Foreside Fund Services LLC is not affiliatedwith OrsquoShares ETF Investments or any of its affiliates
osharescom | infoosharescom
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC
osharescom | infoosharescom
Distributed by Foreside Fund Services LLC