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RWW
Oppenheimer

S&P Financials Revenue ETF

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Overview
NAV
  • A
(as of 11/20/2018)
$63.36
Daily Change
(as of 11/20/2018)
$-1.35
-2.09%
YTD
(as of 11/20/2018)
-6.94%
Expense Ratio
(as of 11/20/2018)
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 11/20/2018)
$50.70 MM
Number of Holdings
(as of 11/20/2018)
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 11/20/2018)
$63.46
Midpoint Price
(as of 11/20/2018)
$63.35
Premium/Discount
(as of 11/20/2018)
-0.01%
Premium/Discount Analysis
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Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2018
  • B
as of 09/30/2018
  • B

Market Price
Market Price
Market Price
Market Price
  • B
Cumulative
Annualized
3 mo ytd as of 2018-09-30
1 yr 3 yr 5 yr since inception
S&P Financials Revenue ETF (NAV)
5.56% -0.95% 6.89% 15.29% 11.98% 12.41%
S&P 500 Financials (Sector) Index
4.36% 0.09% 8.73% 16.75% 13.45% 11.74%
S&P 500 Financials Sector Revenue-Weighted Index™
5.68% -0.62% 7.34% 15.76% 12.50% 13.00%
Cumulative
Annualized
3 mo ytd as of 2018-09-30
1 yr 3 yr 5 yr since inception
S&P Financials Revenue ETF (Market Price)
5.50% -1.15% 6.88% 15.33% 11.99% 12.40%
S&P 500 Financials (Sector) Index
4.36% 0.09% 8.73% 16.75% 13.45% 11.74%
S&P 500 Financials Sector Revenue-Weighted Index™
5.68% -0.62% 7.34% 15.76% 12.50% 13.00%
Cumulative
Annualized
3 mo ytd as of 2018-10-31
1 yr 3 yr 5 yr since inception
S&P Financials Revenue ETF (NAV)
-5.59% -6.45% -2.02% 10.82% 10.01% 11.66%
S&P 500 Financials (Sector) Index
-5.56% -4.65% 0.63% 12.58% 11.64% 11.10%
S&P 500 Financials Sector Revenue-Weighted Index™
-5.52% -6.14% -1.64% 11.26% 10.52% 12.23%
Cumulative
Annualized
3 mo ytd as of 2018-10-31
1 yr 3 yr 5 yr since inception
S&P Financials Revenue ETF (Market Price)
-5.62% -6.66% -2.12% 10.81% 10.00% 11.65%
S&P 500 Financials (Sector) Index
-5.56% -4.65% 0.63% 12.58% 11.64% 11.10%
S&P 500 Financials Sector Revenue-Weighted Index™
-5.52% -6.14% -1.64% 11.26% 10.52% 12.23%
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%

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
10/31/2013 0.00 0.00 0.00
11/30/2013 5.56 4.57 5.62
12/31/2013 7.66 6.84 7.78
1/31/2014 2.42 2.98 2.56
2/28/2014 5.52 6.20 5.72
3/31/2014 9.09 9.63 9.34
4/30/2014 7.58 7.95 7.88
5/31/2014 8.56 9.50 8.91
6/30/2014 11.27 12.15 11.68
7/31/2014 9.18 10.53 9.63
8/31/2014 14.62 15.22 15.15
9/30/2014 14.38 14.76 14.95
10/31/2014 17.04 18.17 17.72
11/30/2014 19.39 20.89 20.11
12/31/2014 21.68 23.08 22.46
1/31/2015 11.04 14.59 11.81
2/28/2015 18.43 21.29 19.31
3/31/2015 17.44 20.55 18.38
4/30/2015 18.25 20.77 19.25
5/31/2015 20.54 22.99 21.61
6/30/2015 20.81 22.63 21.93
7/31/2015 24.51 26.45 25.74
8/31/2015 15.53 17.90 16.69
9/30/2015 11.36 14.39 12.55
10/31/2015 18.42 21.53 19.73
11/30/2015 20.37 23.83 21.76
12/31/2015 16.73 21.20 18.14
1/31/2016 6.29 10.47 7.56
2/29/2016 3.02 7.23 4.29
3/31/2016 10.39 15.07 11.80
4/30/2016 14.93 18.99 16.46
5/31/2016 16.84 21.40 18.40
6/30/2016 11.77 17.51 13.29
7/31/2016 15.57 21.68 17.18
8/31/2016 21.37 26.34 23.14
9/30/2016 18.76 22.90 20.51
10/31/2016 21.31 25.72 23.14
11/30/2016 37.66 43.25 39.82
12/31/2016 42.68 48.83 44.99
1/31/2017 43.05 49.18 45.44
2/28/2017 50.23 56.94 52.79
3/31/2017 46.37 52.59 48.93
4/30/2017 45.10 51.31 47.69
5/31/2017 43.98 49.47 46.60
6/30/2017 52.15 59.08 54.99
7/31/2017 55.40 61.82 58.36
8/31/2017 52.61 59.22 55.42
9/30/2017 59.61 67.41 62.64
10/31/2017 64.47 72.32 67.64
11/30/2017 69.54 78.36 72.85
12/31/2017 72.25 81.85 75.68
1/31/2018 81.72 93.63 85.40
2/28/2018 75.03 88.23 78.62
3/31/2018 68.40 80.11 71.90
4/30/2018 67.90 79.45 71.46
5/31/2018 65.11 77.83 68.67
6/30/2018 61.65 74.42 65.19
7/31/2018 70.69 83.61 74.52
8/31/2018 72.81 86.16 76.76
9/30/2018 70.64 82.02 74.58
10/31/2018 61.15 73.40 64.89

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 11/21/2018

Date 2013 2014 2015 2016 2017
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

(76.3% of assets as of 11/20/2018)

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Portfolio Holdings Breakdown

Country
Equity Sector
Industry
Asset Allocation
Market Cap 9
Country S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
United States 99.8% 100.0% -0.2%
Net Cash and Equivalents 0.2% - -
Equity Sector S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Financials 99.7% 100.0% -0.3%
Net Cash and Equivalents 0.2% - -
Industry S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Banks 33.8% 44.1% -10.3%
Insurance 30.3% 17.3% 13.1%
Diversified Financial Services 15.7% 13.4% 2.3%
Capital Markets 13.8% 20.1% -6.3%
Consumer Finance 6.0% 5.1% 1.0%
Net Cash and Equivalents 0.2% - -
Asset Allocation S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Equity 99.7% 100.0% -0.3%
Net Cash and Equivalents 0.2% - -
Market Cap S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Large 89.0% 91.6% -2.7%
Mid 10.8% 8.4% 2.4%
Net Cash and Equivalents 0.2% - -
Analytics
(As of 10/31/2018)

Morningstar 10/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
96
Category
Financial
Performance Statistics
3Y
5Y
Alpha
-1.48
-1.74
Beta
0.99
1.03
Information Ratio
-0.94
-0.81
R-Squared
98.41
98.13
Sharpe Ratio
0.70
0.70
Standard Deviation
14.88
14.27
Upside Capture
97.09
99.50
Downside Capture
105.44
109.49
Yields
Standardized Yield
1.74%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$170.41 B
$180.89 B
Median Market Cap (weighted)
$78.81 B
$86.29 B
P/E Ratio (LTM)
12.20
12.94
P/E Ratio (NTM)
10.64
11.49
Price/Book
1.26
1.42
Price/Sales Ratio
1.69
2.28
Price/Cash Flow Ratio
8.16%
-
Turnover Ratio
7.97%
-
Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
9/27/2018
Per Share ($)
$0.2646
12-Month Distribution ($)
$0.8870
Distribution Sources
  • C
Net Income
96.10%
Net Profit from Sale
0.00%
Other Capital Sources
3.90%
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. 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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