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RWL
Oppenheimer

S&P 500 Revenue ETF

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Overview
NAV
  • A
(as of 12/14/2018)
$48.58
Daily Change
(as of 12/14/2018)
$-0.88
-1.78%
YTD
(as of 12/14/2018)
-4.01%
Expense Ratio
(as of 12/14/2018)
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 12/14/2018)
$981.00 MM
Number of Holdings
(as of 12/14/2018)
501
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 12/13/2018)
$49.47
Midpoint Price
(as of 12/13/2018)
$49.44
Premium/Discount
(as of 12/13/2018)
-0.04%
Premium/Discount Analysis
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Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 11/30/2018
  • B
as of 09/30/2018
  • B

Market Price
Market Price
Market Price
Market Price
  • B
Cumulative
Annualized
ytd as of 2018-09-30
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (NAV)
6.97% 15.46% 15.00% 12.54% 11.89% 9.36%
S&P 500 Index
10.56% 17.91% 17.31% 13.95% 11.97% 9.86%
S&P 500 Value Index
3.51% 10.06% 14.13% 10.88% 9.62% 7.43%
S&P 500 Revenue-Weighted Index™
7.30% 15.93% 15.49% 13.00% 12.44% 9.89%
Cumulative
Annualized
ytd as of 2018-09-30
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (Market Price)
6.91% 15.42% 15.05% 12.53% 11.59% 9.36%
S&P 500 Index
10.56% 17.91% 17.31% 13.95% 11.97% 9.86%
S&P 500 Value Index
3.51% 10.06% 14.13% 10.88% 9.62% 7.43%
S&P 500 Revenue-Weighted Index™
7.30% 15.93% 15.49% 13.00% 12.44% 9.89%
Cumulative
Annualized
ytd as of 2018-11-30
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (NAV)
2.76% 4.66% 10.90% 9.68% 14.60% 8.80%
S&P 500 Index
5.11% 6.27% 12.16% 11.12% 14.32% 9.19%
S&P 500 Value Index
0.58% 2.26% 10.23% 8.70% 12.43% 7.02%
S&P 500 Revenue-Weighted Index™
3.14% 5.09% 11.38% 10.12% 15.15% 9.33%
Cumulative
Annualized
ytd as of 2018-11-30
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (Market Price)
2.66% 4.62% 10.94% 9.65% 14.59% 8.79%
S&P 500 Index
5.11% 6.27% 12.16% 11.12% 14.32% 9.19%
S&P 500 Value Index
0.58% 2.26% 10.23% 8.70% 12.43% 7.02%
S&P 500 Revenue-Weighted Index™
3.14% 5.09% 11.38% 10.12% 15.15% 9.33%
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 12.23% 11.96% 17.40% 12.86%
2017 19.89% 21.83% 15.36% 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
11/30/2008 0.00 0.00 0.00
12/31/2008 1.57 1.06 1.86
1/31/2009 -6.69 -7.45 -6.36
2/28/2009 -17.99 -17.31 -17.73
3/31/2009 -10.69 -10.06 -10.31
4/30/2009 2.28 -1.46 2.73
5/31/2009 7.58 4.05 8.13
6/30/2009 6.24 4.26 6.58
7/31/2009 15.59 12.15 16.04
8/31/2009 20.85 16.20 21.43
9/30/2009 25.08 20.53 25.78
10/31/2009 22.26 18.29 22.97
11/30/2009 29.27 25.39 30.03
12/31/2009 32.23 27.81 33.10
1/31/2010 29.26 23.21 30.19
2/28/2010 33.78 27.03 34.77
3/31/2010 42.62 34.69 43.76
4/30/2010 45.45 36.82 46.69
5/31/2010 34.32 25.90 35.48
6/30/2010 25.58 19.31 26.72
7/31/2010 34.23 27.66 35.52
8/31/2010 27.14 21.90 28.39
9/30/2010 39.03 32.78 40.52
10/31/2010 43.53 37.83 45.11
11/30/2010 44.25 37.85 45.86
12/31/2010 54.62 47.06 56.50
1/31/2011 58.81 50.55 60.76
2/28/2011 64.11 55.71 66.23
3/31/2011 64.70 55.77 66.86
4/30/2011 69.60 60.38 71.88
5/31/2011 67.43 58.57 69.77
6/30/2011 64.47 55.92 66.87
7/31/2011 58.84 52.75 61.25
8/31/2011 49.60 44.45 51.93
9/30/2011 38.37 34.30 40.62
10/31/2011 55.11 48.98 57.58
11/30/2011 54.18 48.65 56.76
12/31/2011 55.21 50.17 57.89
1/31/2012 62.81 56.90 65.71
2/29/2012 69.61 63.68 72.67
3/31/2012 74.35 69.07 77.63
4/30/2012 72.01 68.01 75.35
5/31/2012 61.70 57.91 64.89
6/30/2012 68.73 64.42 72.14
7/31/2012 70.16 66.70 73.61
8/31/2012 74.80 70.46 78.48
9/30/2012 79.78 74.86 83.68
10/31/2012 78.94 71.63 82.85
11/30/2012 79.82 72.63 83.84
12/31/2012 83.27 74.20 87.51
1/31/2013 94.76 83.22 99.32
2/28/2013 98.30 85.71 103.06
3/31/2013 107.55 92.68 112.58
4/30/2013 110.43 96.39 115.67
5/31/2013 116.92 100.98 122.39
6/30/2013 114.25 98.28 119.81
7/31/2013 126.05 108.37 132.06
8/31/2013 119.19 102.34 125.09
9/30/2013 125.29 108.68 131.45
10/31/2013 136.76 118.27 143.37
11/30/2013 146.19 124.93 153.19
12/31/2013 152.31 130.62 159.55
1/31/2014 141.72 122.65 148.78
2/28/2014 151.69 132.83 159.20
3/31/2014 155.91 134.79 163.70
4/30/2014 159.01 136.52 167.02
5/31/2014 163.94 142.08 172.22
6/30/2014 167.47 147.08 176.04
7/31/2014 163.93 143.67 172.62
8/31/2014 174.72 153.42 183.89
9/30/2014 169.08 149.86 178.21
10/31/2014 175.35 155.97 184.79
11/30/2014 184.65 162.85 194.36
12/31/2014 186.00 162.19 195.82
1/31/2015 177.36 154.32 186.94
2/28/2015 193.80 168.93 204.05
3/31/2015 190.64 164.68 201.11
4/30/2015 191.53 167.22 202.20
5/31/2015 194.63 170.66 205.22
6/30/2015 188.63 165.42 198.83
7/31/2015 191.62 170.98 202.12
8/31/2015 174.19 154.63 184.13
9/30/2015 167.39 148.33 176.92
10/31/2015 185.67 169.28 195.89
11/30/2015 186.45 170.08 196.72
12/31/2015 182.55 165.82 192.50
1/31/2016 167.23 152.63 176.80
2/29/2016 169.45 152.29 179.24
3/31/2016 188.21 169.40 198.92
4/30/2016 189.40 170.44 200.27
5/31/2016 192.13 175.30 203.20
6/30/2016 193.14 176.01 204.37
7/31/2016 202.89 186.19 214.66
8/31/2016 202.97 186.59 214.91
9/30/2016 201.59 186.65 213.60
10/31/2016 195.32 181.42 207.24
11/30/2016 212.23 191.84 224.96
12/31/2016 217.12 197.61 230.12
1/31/2017 221.35 203.25 234.67
2/28/2017 233.45 215.29 247.37
3/31/2017 231.78 215.66 245.68
4/30/2017 233.85 218.90 247.98
5/31/2017 237.37 223.39 251.76
6/30/2017 239.93 225.41 254.58
7/31/2017 246.00 232.10 261.23
8/31/2017 242.47 233.12 257.65
9/30/2017 252.25 239.99 267.91
10/31/2017 256.51 247.92 272.48
11/30/2017 273.28 258.59 290.13
12/31/2017 280.19 262.58 297.51
1/31/2018 301.11 283.34 319.57
2/28/2018 280.04 269.21 297.63
3/31/2018 270.37 259.83 287.60
4/30/2018 275.73 261.21 293.34
5/31/2018 277.52 269.91 295.33
6/30/2018 278.99 272.19 296.99
7/31/2018 292.82 286.04 311.65
8/31/2018 305.08 298.61 324.72
9/30/2018 306.69 300.88 326.53
10/31/2018 283.78 273.48 302.54
11/30/2018 290.69 281.09 309.98

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 12/14/2018

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

(33.3% of assets as of 12/14/2018)

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Portfolio Holdings Breakdown

Country
Equity Sector
Industry
Asset Allocation
Market Cap 9
Country S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
United States 99.9% - -
Net Cash and Equivalents 0.1% - -
Equity Sector S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Health Care 17.8% - -
Consumer Staples 14.0% - -
Financials 12.9% - -
Consumer Discretionary 12.6% - -
Industrials 10.8% - -
Information Technology 9.6% - -
Communication Services 7.4% - -
Energy 7.4% - -
Utilities 3.3% - -
Materials 2.8% - -
Real Estate 0.9% - -
Net Cash and Equivalents 0.1% - -
Industry S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Health Care Providers & Services 12.4% - -
Food & Staples Retailing 9.0% - -
Oil Gas & Consumable Fuels 6.8% - -
Banks 4.3% - -
Insurance 3.9% - -
Specialty Retail 3.0% - -
Technology Hardware Storage & Peripherals 2.9% - -
Aerospace & Defense 2.9% - -
Automobiles 2.8% - -
Diversified Telecommunication Services 2.8% - -
Pharmaceuticals 2.4% - -
Diversified Financial Services 2.2% - -
IT Services 2.2% - -
Food Products 2.0% - -
Electric Utilities 2.0% - -
Machinery 1.9% - -
Internet & Direct Marketing Retail 1.9% - -
Semiconductors & Semiconductor Equipment 1.9% - -
Capital Markets 1.8% - -
Media 1.8% - -
Asset Allocation S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Equity 99.5% - -
Net Cash and Equivalents 0.1% - -
Market Cap S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Large 85.5% - -
Mid 14.0% - -
Net Cash and Equivalents 0.1% - -
Analytics
(As of 11/30/2018)

Morningstar 11/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1090
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-1.20
-1.10
Beta
1.01
0.98
Information Ratio
-0.45
-0.57
R-Squared
91.87
93.88
Sharpe Ratio
0.99
0.90
Standard Deviation
9.90
10.15
Upside Capture
93.80
93.30
Downside Capture
99.67
100.30
Yields
Standardized Yield
1.92%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$153.01 B
$220.47 B
Median Market Cap (weighted)
$65.24 B
$103.08 B
P/E Ratio (LTM)
15.55
18.67
P/E Ratio (NTM)
13.31
16.01
Price/Book
2.57
3.30
Price/Sales Ratio
0.82
2.29
Price/Cash Flow Ratio
10.36%
12.83%
Turnover Ratio
14.96%
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Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
9/27/2018
Per Share ($)
$0.2565
12-Month Distribution ($)
$0.8775
Distribution Sources
  • C
Net Income
97.20%
Net Profit from Sale
0.00%
Other Capital Sources
2.80%
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. 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.
  10. 10. 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).
  11. 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.
  12. 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.
  13. C. There is no guarantee of the payment of any dividend or other distributions at any level.
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