Fund Description: O'Shares FTSE Russell Small Cap Quality Dividend ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the OSI ETF Trust, an open-end investment management company. INVESTMENT OBJECTIVE: The O'Shares FTSE Russell Small Cap Quality Dividend ETF seeks to provide investment returns that closely correspond to the price and yield performance of the FTSE USA Small Cap ex Real Estate 2Qual/Vol/Yield 3% Capped Factor Index. INDEX DESCRIPTION: The FTSE USA Small Cap ex Real Estate 2Qual/Vol/Yield 3% Capped Factor Index is designed to reflect the performance of publicly-listed small-capitalization dividend-paying issuers in the United States exhibiting high quality, low volatility and high dividend yields, as determined by FTSE Russell (the Index Provider). The quality and low volatility factors are designed to reduce exposure to high dividend equities that have experienced large price declines, as may occur with some dividend investing strategies. FUND STRATEGY: The Fund employs a passive management or rules based investment approach that seeks to track the performance of the Index. The Fund expects to employ a representative sampling strategy which means it will typically invest in a portfolio of investments that collectively has an investment profile similar to the Index, rather than holding all of the investments in the Index. Under normal market conditions, the Fund will invest at least 80% of its total assets in the components of the Index and in depositary receipts representing such securities. The Fund may invest up to 20% of its total assets in investments not included in the Index, but which the sub-adviser believes will help the Fund track the Index. FUND MANAGEMENT: O'Shares Investment Advisers, LLC serves as the investment adviser to the Fund. Vident Investment Advisory, LLC serves as the sub-adviser to the Fund.