Spoof Access

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RWL
Oppenheimer

S&P 500 Revenue ETF

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Overview
NAV
  • B
(as of 02/19/2019)
$52.26
Daily Change
(as of 02/19/2019)
$0.22
0.43%
YTD
(as of 02/19/2019)
12.36%
Expense Ratio
(as of 02/19/2019)
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 02/19/2019)
$1.02 BN
Number of Holdings
(as of 02/19/2019)
503
Inception Date
February 19, 2008
Investment Style
Alternatively Weighted Strategy
Tracked Index
S&P 500 Revenue-Weighted Index™
Bloomberg Index Ticker
REVWLT
Broad Benchmark
S&P 500 Index
Style Benchmark
S&P 500 Value Index
Reuters Bridge Ticker
RWL.IV
ISIN
US68386C1045
CUSIP
68386C104
Closing Price
(as of 02/19/2019)
$52.26
Midpoint Price
(as of 02/19/2019)
$52.27
Premium/Discount
(as of 02/19/2019)
0.01%
Premium/Discount Analysis
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Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 01/31/2019
  • C
as of 12/31/2018
  • C

Market Price
Market Price
Market Price
Market Price
  • C
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (NAV)
-7.57% -7.57% 7.54% 6.85% 13.21% 7.68%
S&P 500 Index
-4.38% -4.38% 9.26% 8.49% 13.12% 8.17%
S&P 500 Value Index
-8.95% -8.95% 7.23% 6.06% 11.21% 5.99%
S&P 500 Revenue-Weighted Index™
-7.24% -7.24% 8.02% 7.27% 13.73% 8.19%
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (Market Price)
-7.61% -7.61% 7.60% 6.86% 13.25% 7.67%
S&P 500 Index
-4.38% -4.38% 9.26% 8.49% 13.12% 8.17%
S&P 500 Value Index
-8.95% -8.95% 7.23% 6.06% 11.21% 5.99%
S&P 500 Revenue-Weighted Index™
-7.24% -7.24% 8.02% 7.27% 13.73% 8.19%
Cumulative
Annualized
ytd as of 2019-01-31
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (NAV)
8.94% -4.56% 12.73% 9.63% 15.16% 8.46%
S&P 500 Index
8.01% -2.31% 14.02% 10.96% 15.00% 8.87%
S&P 500 Value Index
8.57% -5.08% 12.07% 8.70% 13.59% 6.74%
S&P 500 Revenue-Weighted Index™
8.99% -4.22% 13.23% 10.07% 15.68% 8.98%
Cumulative
Annualized
ytd as of 2019-01-31
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (Market Price)
8.90% -4.61% 12.79% 9.59% 15.14% 8.45%
S&P 500 Index
8.01% -2.31% 14.02% 10.96% 15.00% 8.87%
S&P 500 Value Index
8.57% -5.08% 12.07% 8.70% 13.59% 6.74%
S&P 500 Revenue-Weighted Index™
8.99% -4.22% 13.23% 10.07% 15.68% 8.98%
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 Value Index S&P 500 Revenue-Weighted Index™
2009 30.18% 26.46% 21.18% 30.66%
2010 16.93% 15.06% 15.10% 17.58%
2011 0.38% 2.11% -0.48% 0.89%
2012 18.08% 16.00% 17.68% 18.76%
2013 37.68% 32.39% 31.99% 38.42%
2014 13.35% 13.69% 12.36% 13.98%
2015 -1.21% 1.38% -3.13% -1.12%
2016 12.25% 11.96% 17.40% 12.86%
2017 19.88% 21.83% 15.36% 20.41%
2018 -7.57% -4.38% -8.95% -7.24%

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
1/31/2009 0.00 0.00 0.00
2/28/2009 -12.12 -10.65 -12.14
3/31/2009 -4.29 -2.82 -4.21
4/30/2009 9.60 6.48 9.71
5/31/2009 15.28 12.44 15.47
6/30/2009 13.85 12.66 13.82
7/31/2009 23.88 21.18 23.92
8/31/2009 29.51 25.56 29.68
9/30/2009 34.04 30.24 34.32
10/31/2009 31.02 27.82 31.32
11/30/2009 38.54 35.49 38.86
12/31/2009 41.70 38.10 42.14
1/31/2010 38.52 33.14 39.03
2/28/2010 43.36 37.26 43.92
3/31/2010 52.83 45.54 53.52
4/30/2010 55.87 47.84 56.66
5/31/2010 43.94 36.04 44.68
6/30/2010 34.58 28.92 35.33
7/31/2010 43.84 37.95 44.72
8/31/2010 36.25 31.72 37.11
9/30/2010 48.99 43.48 50.06
10/31/2010 53.81 48.93 54.96
11/30/2010 54.58 48.95 55.77
12/31/2010 65.69 58.91 67.13
1/31/2011 70.18 62.67 71.68
2/28/2011 75.87 68.25 77.52
3/31/2011 76.50 68.31 78.19
4/30/2011 81.75 73.30 83.56
5/31/2011 79.42 71.34 81.30
6/30/2011 76.25 68.48 78.20
7/31/2011 70.22 65.06 72.20
8/31/2011 60.31 56.09 62.25
9/30/2011 48.28 45.12 50.18
10/31/2011 66.22 60.98 68.29
11/30/2011 65.23 60.62 67.41
12/31/2011 66.33 62.26 68.62
1/31/2012 74.48 69.54 76.97
2/29/2012 81.77 76.87 84.40
3/31/2012 86.84 82.69 89.69
4/30/2012 84.34 81.54 87.26
5/31/2012 73.29 70.63 76.09
6/30/2012 80.82 77.66 83.84
7/31/2012 82.35 80.13 85.41
8/31/2012 87.32 84.18 90.60
9/30/2012 92.66 88.94 96.16
10/31/2012 91.76 85.46 95.27
11/30/2012 92.71 86.53 96.33
12/31/2012 96.40 88.23 100.25
1/31/2013 108.71 97.98 112.86
2/28/2013 112.50 100.67 116.85
3/31/2013 122.41 108.19 127.02
4/30/2013 125.51 112.21 130.33
5/31/2013 132.46 117.17 137.49
6/30/2013 129.60 114.25 134.74
7/31/2013 142.24 125.16 147.83
8/31/2013 134.89 118.63 140.38
9/30/2013 141.43 125.49 147.18
10/31/2013 153.72 135.86 159.90
11/30/2013 163.83 143.04 170.39
12/31/2013 170.39 149.20 177.18
1/31/2014 159.04 140.58 165.68
2/28/2014 169.72 151.59 176.80
3/31/2014 174.25 153.70 181.61
4/30/2014 177.57 155.58 185.16
5/31/2014 182.85 161.58 190.71
6/30/2014 186.64 166.98 194.80
7/31/2014 182.83 163.30 191.14
8/31/2014 194.40 173.83 203.18
9/30/2014 188.36 169.99 197.10
10/31/2014 195.08 176.58 204.14
11/30/2014 205.05 184.02 214.36
12/31/2014 206.49 183.31 215.92
1/31/2015 197.23 174.80 206.43
2/28/2015 214.85 190.60 224.71
3/31/2015 211.46 186.00 221.56
4/30/2015 212.41 188.74 222.73
5/31/2015 215.74 192.46 225.95
6/30/2015 209.31 186.80 219.13
7/31/2015 212.52 192.80 222.65
8/31/2015 193.84 175.14 203.44
9/30/2015 186.55 168.33 195.73
10/31/2015 206.13 190.97 215.99
11/30/2015 206.97 191.83 216.88
12/31/2015 202.80 187.23 212.37
1/31/2016 186.37 172.97 195.60
2/29/2016 188.75 172.61 198.21
3/31/2016 208.86 191.10 219.23
4/30/2016 210.13 192.23 220.67
5/31/2016 213.06 197.48 223.80
6/30/2016 214.14 198.25 225.05
7/31/2016 224.59 209.24 236.04
8/31/2016 224.67 209.68 236.30
9/30/2016 223.20 209.74 234.90
10/31/2016 216.48 204.09 228.11
11/30/2016 234.60 215.35 247.03
12/31/2016 239.84 221.58 252.55
1/31/2017 244.37 227.68 257.40
2/28/2017 257.35 240.69 270.97
3/31/2017 255.55 241.09 269.16
4/30/2017 257.77 244.59 271.62
5/31/2017 261.54 249.44 275.65
6/30/2017 264.28 251.62 278.67
7/31/2017 270.79 258.85 285.77
8/31/2017 267.01 259.95 281.95
9/30/2017 277.49 267.38 292.91
10/31/2017 282.05 275.95 297.79
11/30/2017 300.02 287.48 316.64
12/31/2017 307.43 291.79 324.51
1/31/2018 329.84 314.22 348.08
2/28/2018 307.27 298.95 324.64
3/31/2018 296.91 288.81 313.94
4/30/2018 302.65 290.30 320.06
5/31/2018 304.57 299.70 322.19
6/30/2018 306.14 302.16 323.96
7/31/2018 320.96 317.13 339.62
8/31/2018 334.10 330.72 353.57
9/30/2018 335.83 333.17 355.51
10/31/2018 311.28 303.57 329.88
11/30/2018 318.69 311.79 337.83
12/31/2018 276.58 274.61 293.76
1/31/2019 310.26 304.63 329.18

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 02/19/2019

Date 2014 2015 2016 2017 2018
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 02/19/2019)

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Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
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 15.7% 15.0% 0.7%
Financials 13.9% 13.3% 0.6%
Consumer Discretionary 13.1% 10.0% 3.1%
Industrials 12.4% 9.7% 2.7%
Consumer Staples 12.4% 7.2% 5.2%
Information Technology 10.4% 20.3% -9.9%
Energy 8.8% 5.5% 3.3%
Communication Services 6.8% 10.1% -3.3%
Materials 3.0% 2.7% 0.3%
Utilities 2.5% 3.2% -0.8%
Real Estate 0.9% 3.0% -2.1%
Net Cash and Equivalents 0.2% - -
Industry S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Health Care Providers & Services 10.8% 3.2% 7.7%
Food & Staples Retailing 8.0% 1.5% 6.5%
Oil Gas & Consumable Fuels 7.8% 4.9% 2.9%
Banks 4.8% 5.8% -1.0%
Insurance 4.3% 2.4% 1.9%
Technology Hardware Storage & Peripherals 3.4% 3.8% -0.4%
Aerospace & Defense 3.2% 2.7% 0.5%
Specialty Retail 3.2% 2.3% 0.9%
Automobiles 2.6% 0.4% 2.2%
IT Services 2.4% 4.8% -2.4%
Diversified Telecommunication Services 2.4% 2.0% 0.4%
Diversified Financial Services 2.1% 1.7% 0.3%
Pharmaceuticals 2.1% 4.9% -2.8%
Internet & Direct Marketing Retail 2.1% 3.5% -1.4%
Machinery 2.0% 1.6% 0.4%
Capital Markets 2.0% 2.7% -0.7%
Semiconductors & Semiconductor Equipment 2.0% 3.8% -1.8%
Industrial Conglomerates 2.0% 1.5% 0.5%
Food Products 1.9% 1.1% 0.7%
Chemicals 1.9% 2.0% -0.1%
Asset Allocation S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Equity 99.8% 100.0% -0.2%
Net Cash and Equivalents 0.2% - -
Analytics
(As of 01/31/2019)

Morningstar 01/31/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
1104
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-1.65
-1.23
Beta
1.05
1.01
Information Ratio
-0.44
-0.51
R-Squared
94.34
95.07
Sharpe Ratio
0.96
0.79
Standard Deviation
12.06
11.61
Upside Capture
95.89
94.53
Downside Capture
103.13
100.99
Yields
Standardized Yield
2.03%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$149.82 B
$212.91 B
Median Market Cap (weighted)
$66.44 B
$98.90 B
P/E Ratio (LTM)
14.74
17.90
P/E Ratio (NTM)
12.94
15.85
Price/Book
2.44
3.21
Price/Sales Ratio
0.77
2.10
Price/Cash Flow Ratio
9.80%
12.36%
Turnover Ratio
14.96%
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Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
12/28/2018
Per Share ($)
$0.2655
12-Month Distribution ($)
$0.9263
Distribution Sources
  • D
Net Income
91.40%
Net Profit from Sale
0.00%
Other Capital Sources
8.60%
Documents
  1. 1. Prior to 6/5/18, the Fund's name was Oppenheimer Large Cap Revenue ETF.
  2. 2. Access historical premium/discount information
  3. 3. 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.
  4. 4. 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.
  5. 5. The Closing Price is the price of the last reported trade on the Fund's primary exchange.
  6. 6. The S&P 500® Value Index represents the companies of the S&P 500® Index that exhibit greater value characteristics.  The S&P 500® Index is a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies.  The index tracks the value companies of the S&P 500® Index as identified by three factors:  book value-to-price ratio, earnings-to-price ratio, and sales-to-price ratio. Index performance is shown for illustrative purposes only and does not predict or depict the performance of the Fund. Past performance does not guarantee future results.
  7. 7. Holdings are subject to change, and are dollar weighted based on total net assets.
  8. 8. 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.
  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 either that date's maximum offering price (Class A shares) or net asset value (for other share classes).
  10. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  11. B. 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.
  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.

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