Core Viewpoint - The ALPS O'Shares Europe Quality Dividend ETF has transitioned to the ALPS O'Shares International Developed Quality Dividend ETF, broadening its investment scope beyond Europe to include a wider range of developed markets outside the U.S. [1][2] Group 1: ETF Transition and Structure - The ETF now follows the O'Shares International Developed Quality Dividend Index, which is an international benchmark compared to its previous Europe-focused index [1] - OEFA has shifted from a Europe-specific fund to one that includes a broader set of developed markets, with Japan being the largest country weight at 15.65% [2] - The ETF aims to provide access to high-quality, dividend-paying large- and mid-cap companies in developed markets outside the U.S., selected based on fundamental metrics like return on assets and dividend growth [3] Group 2: Geographic Exposure and Investment Themes - Despite the change, OEFA retains significant exposure to European equities, with France, the U.K., and Switzerland accounting for approximately 40% of the fund's holdings [4] - The ETF's portfolio includes several stocks recognized by Morningstar as top international stocks, indicating potential for future growth [5][6] Group 3: Notable Holdings - Roche, a major player in the healthcare sector, is part of OEFA's portfolio, which has a 14.57% allocation to healthcare [6] - Roche's focus on biologics and innovative pipeline is highlighted as a strength, providing resilience against competition from biosimilars [7]