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RWL
Oppenheimer

S&P 500 Revenue ETF

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Overview
NAV
  • A
(as of 08/17/2018)
$53.55
Daily Change
(as of 08/17/2018)
$0.27
0.50%
YTD
(as of 08/17/2018)
5.31%
Expense Ratio
(as of 08/17/2018)
0.39%

The strategy provides access to the same securities as the S&P 500 Index, weighted by top line revenue instead of market capitalization.

Why RWL?
1. Broad exposure to the S&P 500 universe.
2. Greater exposure to lower valuation companies than the market-cap benchmark.
3. Consider for large-cap exposure at the core of your portfolio.

Why Consider a Revenue Weighting Strategy?

A revenue weighting approach may be a more prudent way to access the broad market.

Smart beta revenue img1
Total Assets
(as of 08/17/2018)
$988.00 MM
Number of Holdings
(as of 08/17/2018)
505
Inception Date
February 19, 2008
Investment Style
Alternatively Weighted Strategy
Tracked Index
S&P 500 Revenue-Weighted Index™
Industry Benchmark
S&P 500 Index
Bloomberg Index Ticker
REVWLT
Reuters Bridge Ticker
RWL.IV
ISIN
US68386C1045
CUSIP
68386C104
Closing Price
(as of 08/17/2018)
$53.58
Midpoint Price
(as of 08/17/2018)
$53.56
Premium/Discount
(as of 08/17/2018)
0.03%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 07/31/2018
  • B,C
as of 06/30/2018
  • B,C

Market Price
Market Price
Market Price
Market Price
  • B,C
Cumulative
Annualized
ytd as of 2018-06-30
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (NAV)
-0.33% 11.49% 9.50% 12.08% 10.15% 8.85%
S&P 500 Index
2.65% 14.37% 11.93% 13.42% 10.17% 9.33%
S&P 500 Revenue-Weighted Index™
-0.13% 11.96% 9.93% 12.55% 10.69% 9.39%
Cumulative
Annualized
ytd as of 2018-06-30
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (Market Price)
-0.34% 11.46% 9.51% 12.12% 10.19% 8.85%
S&P 500 Index
2.65% 14.37% 11.93% 13.42% 10.17% 9.33%
S&P 500 Revenue-Weighted Index™
-0.13% 11.96% 9.93% 12.55% 10.69% 9.39%
Cumulative
Annualized
ytd as of 2018-07-31
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (NAV)
3.32% 13.52% 10.43% 11.68% 10.66% 9.15%
S&P 500 Index
6.47% 16.24% 12.52% 13.12% 10.67% 9.63%
S&P 500 Revenue-Weighted Index™
3.56% 13.96% 10.86% 12.15% 11.20% 9.69%
Cumulative
Annualized
ytd as of 2018-07-31
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (Market Price)
3.22% 13.39% 10.39% 11.67% 10.59% 9.15%
S&P 500 Index
6.47% 16.24% 12.52% 13.12% 10.67% 9.63%
S&P 500 Revenue-Weighted Index™
3.56% 13.96% 10.86% 12.15% 11.20% 9.69%
Expense Ratio: 0.39%

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Returns do not consider capital gains or income taxes on an individual's investment.


Year S&P 500 Revenue ETF S&P 500 Index S&P 500 Revenue-Weighted Index™
2009 30.18% 26.46% 30.66%
2010 16.93% 15.06% 17.58%
2011 0.38% 2.11% 0.89%
2012 18.08% 16.00% 18.76%
2013 37.68% 32.39% 38.42%
2014 13.35% 13.69% 13.98%
2015 -1.21% 1.38% -1.12%
2016 12.25% 11.96% 12.86%
2017 19.88% 21.83% 20.41%

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Returns do not consider capital gains or income taxes on an individual's investment.


Date S&P 500 Revenue ETF S&P 500 Index OFI Rev Weighted Lg Cap Ix
7/31/2008 0.00 0.00 0.00
8/31/2008 1.48 1.45 1.53
9/30/2008 -7.29 -7.59 -7.23
10/31/2008 -24.99 -23.11 -24.84
11/30/2008 -29.91 -28.63 -29.77
12/31/2008 -28.80 -27.87 -28.46
1/31/2009 -34.59 -33.95 -34.24
2/28/2009 -42.52 -40.98 -42.22
3/31/2009 -37.40 -35.81 -37.01
4/30/2009 -28.31 -29.67 -27.85
5/31/2009 -24.60 -25.74 -24.06
6/30/2009 -25.54 -25.59 -25.15
7/31/2009 -18.98 -19.96 -18.50
8/31/2009 -15.29 -17.07 -14.72
9/30/2009 -12.33 -13.98 -11.66
10/31/2009 -14.30 -15.57 -13.64
11/30/2009 -9.39 -10.51 -8.68
12/31/2009 -7.32 -8.78 -6.52
1/31/2010 -9.40 -12.06 -8.57
2/28/2010 -6.23 -9.34 -5.35
3/31/2010 -0.04 -3.87 0.96
4/30/2010 1.95 -2.35 3.02
5/31/2010 -5.85 -10.15 -4.85
6/30/2010 -11.98 -14.85 -11.00
7/31/2010 -5.92 -8.89 -4.82
8/31/2010 -10.88 -13.00 -9.83
9/30/2010 -2.55 -5.23 -1.31
10/31/2010 0.60 -1.63 1.91
11/30/2010 1.11 -1.62 2.44
12/31/2010 8.37 4.96 9.91
1/31/2011 11.31 7.45 12.90
2/28/2011 15.03 11.13 16.74
3/31/2011 15.44 11.17 17.19
4/30/2011 18.88 14.46 20.72
5/31/2011 17.36 13.17 19.23
6/30/2011 15.28 11.28 17.19
7/31/2011 11.34 9.02 13.25
8/31/2011 4.86 3.10 6.71
9/30/2011 -3.01 -4.15 -1.24
10/31/2011 8.72 6.33 10.67
11/30/2011 8.07 6.09 10.10
12/31/2011 8.79 7.18 10.89
1/31/2012 14.12 11.98 16.38
2/29/2012 18.89 16.82 21.27
3/31/2012 22.21 20.67 24.75
4/30/2012 20.57 19.91 23.15
5/31/2012 13.34 12.70 15.80
6/30/2012 18.27 17.34 20.90
7/31/2012 19.27 18.97 21.93
8/31/2012 22.52 21.65 25.35
9/30/2012 26.01 24.80 29.00
10/31/2012 25.43 22.49 28.42
11/30/2012 26.04 23.20 29.11
12/31/2012 28.46 24.33 31.69
1/31/2013 36.51 30.77 39.99
2/28/2013 38.99 32.54 42.61
3/31/2013 45.48 37.51 49.30
4/30/2013 47.50 40.16 51.47
5/31/2013 52.04 43.44 56.19
6/30/2013 50.18 41.51 54.38
7/31/2013 58.44 48.72 62.98
8/31/2013 53.64 44.41 58.09
9/30/2013 57.91 48.94 62.56
10/31/2013 65.95 55.78 70.92
11/30/2013 72.56 60.53 77.82
12/31/2013 76.86 64.59 82.29
1/31/2014 69.43 58.90 74.72
2/28/2014 76.42 66.17 82.04
3/31/2014 79.38 67.57 85.20
4/30/2014 81.55 68.81 87.54
5/31/2014 85.00 72.77 91.18
6/30/2014 87.48 76.34 93.87
7/31/2014 84.99 73.91 91.47
8/31/2014 92.56 80.87 99.38
9/30/2014 88.61 78.33 95.39
10/31/2014 93.00 82.68 100.01
11/30/2014 99.52 87.60 106.74
12/31/2014 100.47 87.13 107.76
1/31/2015 94.41 81.51 101.52
2/28/2015 105.94 91.94 113.54
3/31/2015 103.72 88.90 111.47
4/30/2015 104.34 90.72 112.24
5/31/2015 106.52 93.17 114.36
6/30/2015 102.31 89.43 109.87
7/31/2015 104.41 93.40 112.19
8/31/2015 92.19 81.73 99.55
9/30/2015 87.42 77.23 94.48
10/31/2015 100.23 92.18 107.81
11/30/2015 100.78 92.75 108.40
12/31/2015 98.05 89.71 105.43
1/31/2016 87.31 80.30 94.40
2/29/2016 88.86 80.06 96.11
3/31/2016 102.02 92.27 109.94
4/30/2016 102.85 93.02 110.89
5/31/2016 104.77 96.48 112.94
6/30/2016 105.47 96.99 113.77
7/31/2016 112.31 104.26 121.00
8/31/2016 112.36 104.54 121.17
9/30/2016 111.40 104.58 120.25
10/31/2016 107.00 100.85 115.78
11/30/2016 118.86 108.29 128.22
12/31/2016 122.28 112.40 131.85
1/31/2017 125.25 116.43 135.05
2/28/2017 133.73 125.03 143.97
3/31/2017 132.55 125.29 142.78
4/30/2017 134.01 127.60 144.39
5/31/2017 136.47 130.81 147.05
6/30/2017 138.27 132.25 149.03
7/31/2017 142.52 137.02 153.70
8/31/2017 140.05 137.75 151.19
9/30/2017 146.91 142.65 158.39
10/31/2017 149.89 148.31 161.60
11/30/2017 161.64 155.93 174.00
12/31/2017 166.49 158.78 179.18
1/31/2018 181.15 173.59 194.68
2/28/2018 166.38 163.51 179.26
3/31/2018 159.61 156.81 172.22
4/30/2018 163.36 157.80 176.25
5/31/2018 164.62 164.00 177.65
6/30/2018 165.64 165.63 178.82
7/31/2018 175.34 175.51 189.11

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 08/18/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 0.0379 0.0277
Total Amount of Distribution 0.0379 0.0277
Record Date 12/31/14 12/31/15
Ex Div Date 12/29/14 12/29/15
Pay Date 1/5/15 1/4/16

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Holdings

(32.1% of assets as of 08/17/2018)

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Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 8
Country S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
United States 99.8% 100.0% -0.2%
Net Cash and Equivalents 0.2% - -
Developed Markets S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Americas 99.8% 100.0% -0.2%
Net Cash and Equivalents 0.2% - -
Emerging Markets S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Net Cash and Equivalents 0.2% - -
Equity Sector S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Health Care 17.7% 14.6% 3.0%
Consumer Discretionary 14.9% 12.7% 2.3%
Consumer Staples 14.0% 7.0% 7.1%
Financials 13.3% 14.0% -0.7%
Information Technology 11.6% 26.0% -14.4%
Industrials 11.3% 9.7% 1.6%
Energy 7.5% 5.8% 1.7%
Utilities 3.1% 2.9% 0.2%
Telecommunication Services 2.7% 2.0% 0.7%
Materials 2.6% 2.5% 0.1%
Real Estate 0.9% 2.8% -1.9%
Net Cash and Equivalents 0.2% - -
Industry S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Health Care Providers & Services 12.4% 3.3% 9.1%
Food & Staples Retailing 9.2% 1.5% 7.7%
Oil Gas & Consumable Fuels 6.8% 5.1% 1.7%
Banks 4.6% 6.3% -1.7%
Insurance 4.0% 2.4% 1.6%
Technology Hardware Storage & Peripherals 3.5% 5.0% -1.5%
Specialty Retail 3.1% 2.3% 0.9%
Aerospace & Defense 3.0% 2.7% 0.3%
Media 2.7% 2.2% 0.5%
Diversified Telecommunication Services 2.7% 2.0% 0.7%
Pharmaceuticals 2.4% 4.7% -2.3%
IT Services 2.3% 4.5% -2.2%
Diversified Financial Services 2.2% 1.7% 0.5%
Automobiles 2.1% 0.4% 1.7%
Internet & Direct Marketing Retail 2.1% 4.2% -2.0%
Food Products 2.0% 1.1% 0.9%
Electric Utilities 1.9% 1.8% 0.1%
Software 1.8% 6.2% -4.4%
Chemicals 1.7% 1.8% -0.1%
Machinery 1.7% 1.5% 0.3%
Asset Allocation S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Equity 99.7% 100.0% -0.3%
Net Cash and Equivalents 0.2% - -
Market Cap S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Large 87.5% 90.7% -3.2%
Mid 12.2% 9.3% 2.9%
Net Cash and Equivalents 0.2% - -
Analytics
(As of 07/31/2018)

Morningstar 07/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1105
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-1.85
-1.37
Beta
1.00
1.01
Information Ratio
-0.73
-0.57
R-Squared
92.80
93.85
Sharpe Ratio
0.92
1.10
Standard Deviation
10.26
9.71
Upside Capture
92.40
95.18
Downside Capture
104.79
103.86
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/21/2018
Per Share ($)
$0.2213
12-Month Distribution ($)
$0.8388
Portfolio Characteristics
Fund
Industry Benchmark
Average Market Cap (weighted)
$155.49 B
$226.75 B
Median Market Cap (weighted)
$65.81 B
$108.47 B
P/E Ratio (LTM)
17.35
20.53
P/E Ratio (NTM)
14.07
16.90
Price/Book
2.66
3.38
Price/Sales Ratio
0.86
2.57
Price/Cash Flow Ratio
11.08%
-
Turnover Ratio
15.22%
-
Yields
Standardized Yield
1.82%
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. Prior to 6/5/18, the Fund's name was Oppenheimer Large Cap Revenue ETF.
  2. 2. The S&P 500 Revenue-Weighted Index is a product of S&P Dow Jones Indices LLC, a division of S&P Global, or its affiliates (“SPDJI”), and has been licensed for use by OppenheimerFunds, Inc. Standard & Poor’s® and S&P® are registered trademarks of Standard & Poor’s Financial Services LLC, a division of S&P Global (“S&P”); Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC (“Dow Jones”); the Oppenheimer S&P 500 Revenue ETF is not sponsored, endorsed, sold or promoted by SPDJI, Dow Jones, S&P, or their respective affiliates and none of such parties make any representation regarding the advisability of investing in such product(s) nor do they have any liability for any errors, omissions, or interruptions of the S&P 500 Revenue-Weighted Index.
  3. 3. Special Risks: An investment in the Fund is subject to investment risk, including the possible loss of principal amount invested. Fund returns may not match the return of its respective index, known as non-correlation risk, due to operating expenses incurred by the Fund. The alternate weighting approach employed by the Fund (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. Because the Fund is rebalanced quarterly, portfolio turnover may exceed 100%. The greater the portfolio turnover, the greater the transaction costs, which could have an adverse effect on Fund performance.
  4. 4. The Closing Price is the price of the last reported trade on the Fund’s primary exchange.
  5. 5. Access Index Definitions
  6. 6. Holdings are subject to change, and are dollar weighted based on total net assets.
  7. 7. Negative net cash may be the result of a variety of factors including, but not limited to, (1) pending receivables or (2) amounts owed to the fund due to balancing amounts with respect to purchases and redemptions of creation units, but is not the result of the use of leverage.
  8. 8. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund’s prospectus.
  9. 9. Standardized yield is based on an SEC standardized formula designed to approximate a Fund's annualized hypothetical current income from securities less expenses for the 30-day period ending and including the most recent month-end or quarter-end and that date's NAV.
  10. A. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  11. B. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Returns do not consider capital gains or income taxes on an individual's investment.

    The NAV return is based on the net asset value of the Fund and the market return (MKT) is based on the market price per share of the Fund. The price used to calculate MKT is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the Fund are listed for trading when the Fund's NAV is calculated at market close. MKT and NAV assume dividends and capital gain distributions have been reinvested in the Fund at market price and NAV, respectively. Returns less than one year are cumulative.

    "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund). These returns would be lower if sales charges were taken into consideration. Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  12. C. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Returns do not consider capital gains or income taxes on an individual's investment.

    On 2/22/2008 and 3/31/2008 for RWL, the last trade price was used to calculate market return because 4:00pm EST midpoint bid/ask prices are not available on those dates. On 9/30/2008, the last trade price for RWL was used to calculate market return because an uncorrected, failed trade resulted in an incorrect 4:00pm EST midpoint bid/ask price on that date.

    The NAV return is based on the net asset value of the Fund and the market return (MKT) is based on the market price per share of the Fund. The price used to calculate MKT is determined by using the midpoint between the highest bid and the lowest offer on the primary stock exchange on which the shares of the Fund are listed for trading when the Fund's NAV is calculated at market close. MKT and NAV assume dividends and capital gain distributions have been reinvested in the Fund at market price and NAV, respectively. Returns less than one year are cumulative.

    "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund). These returns would be lower if sales charges were taken into consideration. Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.

    Returns are preliminary and subject to change until the first business day of the month.
  13. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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