O’SHARES STRATEGY SERIES SEPTEMBER 2018

Mobile or Desktop: Where is the Web Traffic?

• Mobile surpasses desktop: More than half of all web traffic comes from mobile phones. Web traffic from mobile phones comprised less than 1% of all traffic in 2009 versus over 52% in 2018.

• Global Internet giants among top 50 websites: Giants such as , Google, Facebook, Alibaba and Tencent rank among the most visited websites in the world.

Percentage of Global Web Traffic on Mobile

60% 50.3% 52.2% 50% 43.6% 40% 35.1% 30% 27.1% 20% 16.2% 10.7% 10% 6.1% 0.7% 2.9% 0% 2009 2010 2011 2012 2013 2014 2015 2016 2017 2018

OGIG - O'Shares Global Internet Giants ETF - Rank Among Top 50 Websites in the World

Top 10 Holdings Weight (%) Revenue Growth Rank Amazon 7.3% 38.6% 11 Alphabet / Google 6.7% 24.8% 1-2* Facebook 5.7% 46.2% 3 Alibaba 5.3% 59.4% 8-9** Tencent 4.9% 46.4% 7*** 3.7% 14.3% 42-43**** 3.6% 36.2% 26 MercadoLibre 2.6% 40.7% N/A Grubhub 2.3% 46.0% N/A 2.3% 41.0% N/A

OGIG: O’Shares Global Internet Giants ETF For more information visit oshares.com

Source: Bloomberg. Data and Top 10 Holdings as of 8/31/2018. Revenue Growth: Trailing 12 months. Rank Among Top 50 Websites in the World derived directly from: https://www.alexa.com/topsites/. The sites in the top sites lists are ordered by their 1 month Alexa traffic rank. The 1 month rank is calculated using a combination of average daily visitors and page views over the past month. The site with the highest combi- nation of visitors and page views is ranked #1. • Alexa Top 500 Global Sites: The top 500 sites on the web. Retrieved from: https://www.alexa.com/topsites/. • Percentage of Global Web Traffic on Mobile. (January 2018). Retrieved from: https://www.statista.com/statistics/241462/global-mobile- phone-website-traffic-share/. * 1-2. Google.com and Youtube.com operated by Google. ** 8-9. Taobao.com and Tmall.com operated by Alibaba. *** 7. Qq.com operated by Tencent. **** 42-43. Office.com and Microsoft.com operated by Microsoft.

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O’SHARES STRATEGY SERIES O’SHARES STRATEGY SERIES O’SHARES STRATEGY SERIES SEPTEMBER 2018 SEPTEMBER 2018 AUGUST 2018

O’Shares Global Internet Giants ETF: OGIG Global Social Media User Growth: Which Internet Giants Lead? Internet & E-commerce Revenue Growth: Where To Find It? Top 10 Holdings, Things to Know (% is Weight in OGIG) • U.S. Internet companies grew revenue by ~34% over the last 12 months. • Global social media users have grown ~65% in the last 5 years and are forecasted to reach • International Internet companies in China and rest of world grew faster at ~45% and ~37%, over 3 billion by 2021. respectively. • Internet giants, Facebook, Google, Tencent and Weibo account for the top 5 social networking • O'Shares Global Internet Giants ETF provides investors access to a global portfolio of some of sites by monthly active users. the fastest growing Internet & e-commerce companies. • O'Shares Global Internet Giants ETF provides access to these social media titans as well as some of the fastest growing Internet & e-commerce companies in the world. 2.36%23.6% 200,000 1.5 billion Weighted Average online Country / Region Weight in OGIG Revenue Growth Worldwide Social Media Users: 2010-2021 3.5 B daily users daily shops 61% 34% 4.04.0 China 27% 45% 290 “snaps”6.25% Rest of World 12% 37% 2.9 3.0 3.03.0 2.8 million

2.6 2.26% 2.5 users 2.34% 2.1 2.3 2.02.0 1.9 1.6 2.65% 4 out of every 1.4 85% of 1.2 Fortune 500 use O'Shares Global Internet Giants ETF 1.0 6.46% $10 spent online 1.0 OneDrive 3.28% 1.0 6.25% in the U.S.

Number of users (in billions) 130 million 3.91% 6.21% 0.00.0 5.68% 2010 2011 2012 2013 2014 2015 2016 2017 2018e 2019e 2020e 2021e subscribers OGIG Top 10 Holdings - By Revenue Growth 5.64%

Weight Country Monthly Active Users and Revenue Growth 617 million Alibaba 59% 5.27% China monthly Monthly Active Users shoppers Tencent 46% 4.88% China Social Network Est. Revenue Growth* 2.3 million (Millions) Facebook 46% 5.72% United States Facebook 2230 31% 59% of China’s searches/minute GrubHub 46% 2.31% United States Youtube (Google) 1900 9% Atlassian 41% 2.30% United States social media

MercadoLibre 41% 2.61% Instagram (Facebook) 1000 31% ad market Amazon 39% 7.30% United States Qzone (Tencent) 563 34% Netflix 36% 3.59% United States Weibo 376 46% Alphabet 25% 6.66% United States Microsoft 14% 3.66% United States OGIG: O’Shares Global Internet Giants ETF 0%0% 10%10% 20%20% 30%30% 40%40% 50% 60% 70% For more information visit oshares.com OGIG: O’Shares Global Internet Giants ETF Source: Bloomberg. Data as of the Fiscal Year End. *Revenue Growth equals average of 2Y Estimated Revenue Growth. For more information visit oshares.com • Number of social media users worldwide 2010-2021. (July 2017). Retrieved from https://www.statista.com/statistics/278414/number-of-world- wide-social-network-users/ Source: Bloomberg. Data as of 7/31/2018. Pie chart reflects top 10 holdings of OGIG. Portfolio holdings subject to change and OGIG: O’Shares Global Internet Giants ETF • Kallas, P. (August 2, 2018). 'Top 15 Most Popular Social Networking Sites and Apps.' Retrieved from https://www.dreamgrow.com/top-15- should not be considered investment advice. For more information visit oshares.com most-popular-social-networking-sites/. The top ten holdings of OGIG ETF as of 8/30/2018 are: Amazon at 7.24%, Alphabet at 6.76%, Facebook at 5.77%, Alibaba at 5.24%, Tencent at Facebook data source. Facebook data as of 7/29/2018. Amazon data source. Amazon data as of 6/17/2017. 5.11%, Microsoft at 3.63%, Netflix at 3.61%, MercadoLibre at 2.58%, GrubHub at 2.28% and Atlassian at 2.28%. Holdings subject to change. The Alphabet data source. Alphabet data as of 3/27/2018. Tencent data source. Tencent data as of 6/19/2017. Source: Bloomberg. Data as of 8/31/2018. Top 10 holdings as of 8/31/2018. Revenue Growth Trailing 12 months. Revenue Growth equals above includes discussion about the estimated revenue growth of certain companies and growth of social media users. It is impossible to predict Alibaba data source. Alibaba data as of 5/7/2018. Netflix data source. Netflix data as of 7/16/2018. weighted average revenue growth. Holdings subject to change. Past performance is not indicative of future results. future growth and actual results may vary. The potential growth or decline of company revenue is not guaranteed and does not represent the Microsoft data source. Microsoft data as of 8/8/2018. JD.com data source. JD.com data as of 3/3/2018. performance of the Fund. Snapchat data source. Snapchat data as of 11/29/2017. Mercadolibre data source. Mercadolibre data as of 8/8/2018.

oshares.com | [email protected] oshares.com | [email protected] oshares.com | [email protected] Internet & E-commerce Revenue Growth: Global Social Media User Growth: O’Shares Global Internet Giants ETF: Where To Find It? Which Internet Giants Lead? OGIG Top 10 Holdings, Things to Know

Before you invest in O’Shares ETF Investments funds, please refer to the prospectus for important information about the investment objectives, risks, charges and expenses. To obtain a prospectus containing this and other important information, please visit www. oshares.com to view or download a prospectus online. Read the prospectus carefully before you 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 that industry or sector. The funds may use derivatives which may involve risks different from, or greater than, those associated with more traditional investments. The funds’ emphasis on dividend-paying stocks involves the risk that such stocks may fall out of favor with investors and underperform the market. Also, a company may reduce or eliminate its dividend after the Fund’s purchase of such a company’s securities. Returns on investments in foreign securities could be more volatile than, or trail the returns on, investments in U.S. securities. Exposures to foreign securities entail special risks, including political, diplomatic, economic, foreign market and trading risks. In addition, unless perfectly hedged, the Fund’s investments in securities denominated in other currencies could decline due to changes in local currency relative to the value of the U.S. dollar, which may affect the Fund’s returns. The funds’ hedging strategies may not be successful, and even if they are successful, the funds’ exposure to foreign currency fluctuations is not expected to be fully hedged at all times. See the prospectus for specific risks regarding the Fund.

Companies involved with the Internet, technology and e-commerce are exposed to risks associated with rapid advances in technology, obsolescence of current products and services, the finite life of patents and the constant threat of global competition and substitutes.

Past performance does not guarantee future results. Shares are bought and sold at market price (not NAV), are not individually redeemable, and owners of the Shares may acquire those Shares from the Funds and tender those shares for redemption to the Funds in Creation Unit aggregations only, consisting of 50,000 Shares. Brokerage commissions will reduce returns. Shares are not individually redeemable and can be redeemed only in Creation Units. The market price of shares can be at, below or above the NAV. Brokerage commissions will reduce returns. Market Price returns are based upon the midpoint of the bid/ask spread at 4:00 PM Eastern time (when NAV is normally determined), and do not represent the returns you would receive if you traded shares at other times.

O’Shares ETF Investments funds are distributed by Foreside Fund Services, LLC. Foreside Fund Services, LLC is not affiliated with O’Shares ETF Investments or any of its affiliates.

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