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RWW
Oppenheimer

S&P Financials Revenue ETF

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Overview
NAV
  • B
(as of 05/22/2019)
$66.28
Daily Change
(as of 05/22/2019)
$-0.35
-0.53%
YTD
(as of 05/22/2019)
15.31%
Expense Ratio
(as of 05/22/2019)
0.45%

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

Why RWW?
1. Targeted exposure to U.S. financial companies.
2. Greater exposure to lower valuation companes than the market-cap benchmark.
3. Consider when you want focused exposure to the Financials sector.

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 05/22/2019)
$36.50 MM
Number of Holdings
(as of 05/22/2019)
69
Inception Date
November 10, 2008
Investment Style
Alternatively Weighted Strategy
Tracked Index
S&P 500 Financials Sector Revenue-Weighted Index™
Bloomberg Index Ticker
REVWFINT
Broad Benchmark
S&P 500 Financials (Sector) Index
Reuters Bridge Ticker
RWW.IV
ISIN
US68386C8073
CUSIP
68386C807
Closing Price
(as of 05/22/2019)
$66.23
Midpoint Price
(as of 05/22/2019)
$66.21
Premium/Discount
(as of 05/22/2019)
-0.1%
Premium/Discount Analysis
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Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2019
  • C
as of 03/31/2019
  • C

Market Price
Market Price
Market Price
Market Price
  • C
Cumulative
Annualized
ytd as of 2019-03-31
1 yr 3 yr 5 yr 10 yr since inception
S&P Financials Revenue ETF (NAV)
9.24% -4.69% 13.28% 8.03% 16.03% 11.13%
S&P 500 Financials (Sector) Index
8.56% -4.67% 14.27% 9.39% 15.70% 10.53%
S&P 500 Financials Sector Revenue-Weighted Index™
9.37% -4.33% 13.73% 8.51% 16.59% 11.69%
Cumulative
Annualized
ytd as of 2019-03-31
1 yr 3 yr 5 yr 10 yr since inception
S&P Financials Revenue ETF (Market Price)
9.26% -4.86% 13.28% 8.01% 16.03% 11.12%
S&P 500 Financials (Sector) Index
8.56% -4.67% 14.27% 9.39% 15.70% 10.53%
S&P 500 Financials Sector Revenue-Weighted Index™
9.37% -4.33% 13.73% 8.51% 16.59% 11.69%
Cumulative
Annualized
ytd as of 2019-04-30
1 yr 3 yr 5 yr 10 yr since inception
S&P Financials Revenue ETF (NAV)
19.17% 4.28% 15.07% 10.23% 14.58% 11.96%
S&P 500 Financials (Sector) Index
18.34% 4.29% 16.30% 11.63% 14.37% 11.35%
S&P 500 Financials Sector Revenue-Weighted Index™
19.36% 4.68% 15.51% 10.72% 15.12% 12.53%
Cumulative
Annualized
ytd as of 2019-04-30
1 yr 3 yr 5 yr 10 yr since inception
S&P Financials Revenue ETF (Market Price)
19.09% 4.16% 15.04% 10.23% 14.62% 11.94%
S&P 500 Financials (Sector) Index
18.34% 4.29% 16.30% 11.63% 14.37% 11.35%
S&P 500 Financials Sector Revenue-Weighted Index™
19.36% 4.68% 15.51% 10.72% 15.12% 12.53%
Expense Ratio: 0.45%

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 Financials Revenue ETF S&P 500 Financials (Sector) Index S&P 500 Financials Sector Revenue-Weighted Index™
2009 26.86% 17.22% 27.58%
2010 17.12% 12.13% 17.73%
2011 -23.94% -17.06% -23.53%
2012 35.39% 28.82% 36.11%
2013 42.26% 35.63% 42.98%
2014 13.02% 15.20% 13.62%
2015 -4.06% -1.53% -3.53%
2016 22.22% 22.80% 22.73%
2017 20.74% 22.18% 21.17%
2018 -14.71% -13.03% -14.41%

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 Financials Revenue ETF S&P 500 Financials (Sector) Index OFI Rev Weighted Fin Sector Ix
4/30/2009 0.00 0.00 0.00
5/31/2009 16.51 13.28 16.57
6/30/2009 12.87 10.91 13.01
7/31/2009 22.86 20.74 23.02
8/31/2009 43.49 36.43 43.67
9/30/2009 47.18 39.22 47.41
10/31/2009 37.10 30.89 37.38
11/30/2009 41.71 36.71 42.07
12/31/2009 39.75 34.60 40.17
1/31/2010 38.38 32.72 38.90
2/28/2010 43.71 37.39 44.20
3/31/2010 60.10 49.61 60.75
4/30/2010 64.38 51.62 65.08
5/31/2010 48.84 37.73 49.57
6/30/2010 38.68 29.65 39.41
7/31/2010 48.53 38.31 49.35
8/31/2010 34.80 27.51 35.62
9/30/2010 44.21 35.27 45.13
10/31/2010 45.80 37.21 46.79
11/30/2010 43.76 36.29 44.79
12/31/2010 63.68 50.92 65.03
1/31/2011 66.57 55.20 67.99
2/28/2011 70.89 59.63 72.37
3/31/2011 65.38 55.51 66.90
4/30/2011 64.34 55.53 65.90
5/31/2011 57.38 50.51 58.95
6/30/2011 53.11 46.30 54.72
7/31/2011 45.69 41.02 47.28
8/31/2011 30.61 27.54 32.09
9/30/2011 14.54 12.95 15.93
10/31/2011 31.70 29.14 33.35
11/30/2011 23.52 23.00 25.11
12/31/2011 24.50 25.17 26.20
1/31/2012 37.71 35.35 39.61
2/29/2012 46.82 42.09 48.89
3/31/2012 58.52 52.77 60.84
4/30/2012 53.44 49.15 55.75
5/31/2012 36.80 35.52 38.92
6/30/2012 44.00 42.34 46.30
7/31/2012 42.44 42.59 44.78
8/31/2012 49.75 47.17 52.26
9/30/2012 56.43 52.23 59.11
10/31/2012 61.38 55.18 64.23
11/30/2012 59.66 53.93 62.54
12/31/2012 68.55 61.24 71.77
1/31/2013 80.18 70.87 83.66
2/28/2013 82.23 73.02 85.80
3/31/2013 90.12 79.65 93.97
4/30/2013 94.93 84.67 98.94
5/31/2013 110.06 95.91 114.51
6/30/2013 107.48 92.68 111.91
7/31/2013 120.15 103.08 124.96
8/31/2013 109.75 92.88 114.40
9/30/2013 115.82 98.21 120.74
10/31/2013 122.72 104.69 127.85
11/30/2013 135.11 114.05 140.65
12/31/2013 139.78 118.69 145.58
1/31/2014 128.11 110.79 133.69
2/28/2014 135.00 117.39 140.89
3/31/2014 142.96 124.40 149.14
4/30/2014 139.61 120.96 145.80
5/31/2014 141.79 124.14 148.16
6/30/2014 147.81 129.56 154.46
7/31/2014 143.16 126.25 149.79
8/31/2014 155.27 135.84 162.37
9/30/2014 154.74 134.91 161.92
10/31/2014 160.66 141.88 168.22
11/30/2014 165.90 147.45 173.67
12/31/2014 171.00 151.94 179.03
1/31/2015 147.30 134.55 154.76
2/28/2015 163.76 148.28 171.84
3/31/2015 161.56 146.76 169.73
4/30/2015 163.36 147.21 171.72
5/31/2015 168.47 151.75 177.09
6/30/2015 169.06 151.01 177.83
7/31/2015 177.31 158.83 186.50
8/31/2015 157.30 141.34 165.88
9/30/2015 148.02 134.14 156.44
10/31/2015 163.75 148.76 172.80
11/30/2015 168.08 153.48 177.42
12/31/2015 159.98 148.09 169.18
1/31/2016 136.73 126.13 145.09
2/29/2016 129.46 119.48 137.62
3/31/2016 145.86 135.55 154.73
4/30/2016 155.97 143.56 165.36
5/31/2016 160.23 148.50 169.78
6/30/2016 148.93 140.54 158.13
7/31/2016 157.39 149.06 166.99
8/31/2016 170.31 158.61 180.57
9/30/2016 164.51 151.57 174.58
10/31/2016 170.18 157.35 180.58
11/30/2016 206.59 193.22 218.59
12/31/2016 217.78 204.65 230.36
1/31/2017 218.60 205.36 231.39
2/28/2017 234.59 221.24 248.14
3/31/2017 225.99 212.34 239.33
4/30/2017 223.17 209.71 236.52
5/31/2017 220.68 205.95 234.04
6/30/2017 238.88 225.62 253.14
7/31/2017 246.11 231.23 260.81
8/31/2017 239.90 225.90 254.13
9/30/2017 255.48 242.67 270.58
10/31/2017 266.32 252.72 281.97
11/30/2017 277.61 265.08 293.84
12/31/2017 283.64 272.23 300.29
1/31/2018 304.72 296.34 322.45
2/28/2018 289.83 285.30 306.98
3/31/2018 275.06 268.68 291.68
4/30/2018 273.94 267.31 290.68
5/31/2018 267.73 264.01 284.31
6/30/2018 260.02 257.03 276.40
7/31/2018 280.17 275.84 297.65
8/31/2018 284.88 281.05 302.75
9/30/2018 280.05 272.58 297.79
10/31/2018 258.92 254.94 275.71
11/30/2018 267.99 264.87 285.47
12/31/2018 227.21 223.73 242.62
1/31/2019 258.03 252.34 275.05
2/28/2019 266.30 260.87 283.85
3/31/2019 257.49 251.44 274.72
4/30/2019 289.93 283.08 308.97

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 05/23/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

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

Portfolio

Top Holdings

(76.9% of assets as of 05/22/2019)

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Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Country S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
United States 99.9% 100.0% -0.1%
Net Cash and Equivalents 0.1% - -
Developed Markets S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Americas 99.9% 100.0% -0.1%
Net Cash and Equivalents 0.1% - -
Emerging Markets S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Net Cash and Equivalents 0.1% - -
Equity Sector S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Financials 99.8% 100.0% -0.2%
Net Cash and Equivalents 0.1% - -
Industry S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Banks 33.0% 42.2% -9.2%
Insurance 30.5% 19.1% 11.4%
Diversified Financial Services 15.3% 12.7% 2.6%
Capital Markets 14.2% 20.5% -6.2%
Consumer Finance 6.8% 5.6% 1.2%
Net Cash and Equivalents 0.1% - -
Asset Allocation S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Equity 99.8% 100.0% -0.2%
Net Cash and Equivalents 0.1% - -
Analytics
(As of 04/30/2019)

Morningstar 04/30/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
97
Category
Financial
Performance Statistics
3Y
5Y
Alpha
-0.92
-1.42
Beta
0.99
1.02
Information Ratio
-0.67
-0.74
R-Squared
98.73
98.59
Sharpe Ratio
0.87
0.64
Standard Deviation
16.15
15.80
Upside Capture
97.35
99.08
Downside Capture
101.90
106.38
Yields
Standardized Yield
1.71%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$179.85 B
$184.89 B
Median Market Cap (weighted)
$77.88 B
$81.35 B
P/E Ratio (LTM)
14.25
14.66
P/E Ratio (NTM)
11.32
12.19
Price/Book
1.27
1.47
Price/Sales Ratio
1.70
2.23
Price/Cash Flow Ratio
8.55%
10.02%
Turnover Ratio
7.97%
-
Dividends
  • D
Last Pay Date
3/21/2019
Per Share ($)
$0.3148
12-Month Distribution ($)
$1.1342
Documents
  1. 1. Prior to 6/5/18, the Fund's name was Oppenheimer Financials Sector Revenue ETF.
  2. 2. Access historical premium/discount information
  3. 3. The S&P 500 Financials Sector 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"); S&P Financials 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 Financials Sector Revenue-Weighted Index.
  4. 4. An investment in the Fund is subject to investment risk, including the possible loss of principal amount invested. Securities issued by companies in the financial services sector may be susceptible to economic and regulatory events, and increased volatility. 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. The Fund is classified as a “non-diversified” fund and may invest a greater portion of its assets in the securities of a single issuer. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk.
  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® Financials Index measures the performance of all those companies held in the S&P 500 index classified as a financial(sector) company using the Global Industry Classification Standard (GICS) system. The index is unmanaged, includes the reinvestment of dividends and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  7. 7. The S&P 500® Financials Sector Revenue-Weighted Index is constructed by re-weighting the constituent securities of the S&P 500 Financials Index™ by revenue earned, subject to certain asset diversification requirements. The S&P 500 Financials Revenue-Weighted Index generally contains the same securities as the S&P 500 Financials Index, but in different proportions.
     Past performance does not guarantee future results.
  8. 8. Holdings are subject to change, and are dollar weighted based on total net assets.
  9. 9. 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.
  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. 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>
  12. 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.
  13. 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.
  14. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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