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RWK
Oppenheimer

S&P MidCap 400 Revenue ETF

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Overview
NAV
  • A
(as of 07/16/2018)
$62.08
Daily Change
(as of 07/16/2018)
$-0.49
-0.78%
YTD
(as of 07/16/2018)
2.85%
Expense Ratio
(as of 07/16/2018)
0.39%

The strategy provides access to the same securities as the S&P MidCap 400 Index, weighted by top line revenue instead of market capitalization.

Why RWK?
1. Broad exposure to the S&P 400 universe.
2. Greater exposure to lower valuation companies than the market-cap benchmark.
3. Consider for mid-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 07/16/2018)
$385.00 MM
Number of Holdings
(as of 07/13/2018)
398
Inception Date
February 20, 2008
Investment Style
Alternatively Weighted Strategy
Tracked Index
S&P MidCap 400 Revenue-Weighted Index™
Industry Benchmark
S&P 400 Mid Cap Index
Bloomberg Index Ticker
REVWMT
Reuters Bridge Ticker
RWK.IV
ISIN
US68386C2035
CUSIP
68386C203
Closing Price
(as of 07/13/2018)
$62.54
Premium/Discount
(as of 07/13/2018)
-0.04%
Midpoint Price
(as of 07/13/2018)
$62.55
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2018
  • B
as of 06/30/2018
  • B

Market Price
Market Price
Market Price
Market Price
  • B
Cumulative
Annualized
ytd as of 2018-06-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (NAV)
1.14% 9.48% 8.48% 11.20% 11.06% 10.19%
S&P 400 Mid Cap Index
3.49% 13.50% 10.89% 12.69% 10.78% 10.60%
S&P MidCap 400 Revenue-Weighted Index™
1.34% 9.85% 8.96% 11.76% 11.77% 10.88%
Cumulative
Annualized
ytd as of 2018-06-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (Market Price)
1.06% 9.40% 8.45% 11.15% 11.06% 10.18%
S&P 400 Mid Cap Index
3.49% 13.50% 10.89% 12.69% 10.78% 10.60%
S&P MidCap 400 Revenue-Weighted Index™
1.34% 9.85% 8.96% 11.76% 11.77% 10.88%
Cumulative
Annualized
ytd as of 2018-06-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (NAV)
1.14% 9.48% 8.48% 11.20% 11.06% 10.19%
S&P 400 Mid Cap Index
3.49% 13.50% 10.89% 12.69% 10.78% 10.60%
S&P MidCap 400 Revenue-Weighted Index™
1.34% 9.85% 8.96% 11.76% 11.77% 10.88%
Cumulative
Annualized
ytd as of 2018-06-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (Market Price)
1.06% 9.40% 8.45% 11.15% 11.06% 10.18%
S&P 400 Mid Cap Index
3.49% 13.50% 10.89% 12.69% 10.78% 10.60%
S&P MidCap 400 Revenue-Weighted Index™
1.34% 9.85% 8.96% 11.76% 11.77% 10.88%
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 MidCap 400 Revenue ETF S&P 400 Mid Cap Index S&P MidCap 400 Revenue-Weighted Index™
2009 51.88% 37.38% 52.73%
2010 23.26% 26.64% 24.11%
2011 -1.56% -1.73% -0.65%
2012 15.83% 17.88% 16.64%
2013 40.60% 33.50% 41.45%
2014 9.48% 9.77% 10.13%
2015 -5.79% -2.18% -5.35%
2016 21.57% 20.74% 22.37%
2017 12.88% 16.24% 13.26%

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 MidCap 400 Revenue ETF S&P 400 Mid Cap Index OFI Rev Weighted Md Cap Ix
6/30/2008 0.00 0.00 0.00
7/31/2008 0.06 -1.85 0.10
8/31/2008 2.59 -0.17 2.67
9/30/2008 -7.96 -10.87 -7.77
10/31/2008 -30.10 -30.24 -29.80
11/30/2008 -37.81 -36.71 -37.50
12/31/2008 -33.55 -33.64 -33.12
1/31/2009 -37.83 -38.45 -37.38
2/28/2009 -44.45 -44.41 -44.02
3/31/2009 -37.96 -39.38 -37.44
4/30/2009 -25.10 -30.37 -24.48
5/31/2009 -21.52 -28.47 -20.81
6/30/2009 -21.39 -28.02 -20.69
7/31/2009 -13.43 -21.73 -12.60
8/31/2009 -9.21 -18.31 -8.32
9/30/2009 -3.98 -13.64 -2.95
10/31/2009 -9.97 -17.56 -9.01
11/30/2009 -5.58 -14.22 -4.51
12/31/2009 0.93 -8.84 2.15
1/31/2010 -2.51 -11.77 -1.30
2/28/2010 2.98 -7.17 4.32
3/31/2010 10.44 -0.55 11.95
4/30/2010 14.63 3.69 16.26
5/31/2010 6.15 -3.77 7.73
6/30/2010 -3.26 -10.08 -1.73
7/31/2010 3.50 -3.87 5.22
8/31/2010 -2.31 -8.62 -0.64
9/30/2010 9.22 1.72 11.12
10/31/2010 12.72 5.22 14.75
11/30/2010 16.68 8.35 18.84
12/31/2010 24.40 15.45 26.78
1/31/2011 27.23 17.76 29.73
2/28/2011 32.63 23.24 35.28
3/31/2011 36.47 26.26 39.27
4/30/2011 38.92 29.69 41.83
5/31/2011 36.85 27.94 39.78
6/30/2011 33.89 25.34 36.62
7/31/2011 27.80 20.91 30.50
8/31/2011 18.24 12.30 20.82
9/30/2011 5.21 0.42 7.91
10/31/2011 21.62 14.22 24.93
11/30/2011 22.85 13.88 26.34
12/31/2011 22.46 13.45 25.96
1/31/2012 31.86 20.95 35.70
2/29/2012 37.65 26.39 41.70
3/31/2012 39.60 28.76 43.82
4/30/2012 39.35 28.47 43.62
5/31/2012 27.28 20.14 31.24
6/30/2012 30.24 22.41 34.52
7/31/2012 27.21 22.36 31.27
8/31/2012 30.48 26.62 34.66
9/30/2012 33.32 29.08 37.65
10/31/2012 34.12 28.05 38.89
11/30/2012 37.97 30.87 42.64
12/31/2012 41.85 33.73 46.91
1/31/2013 55.17 43.39 60.78
2/28/2013 57.24 44.80 62.96
3/31/2013 65.49 51.72 71.57
4/30/2013 65.20 52.67 71.36
5/31/2013 72.18 56.12 78.94
6/30/2013 67.94 53.24 74.50
7/31/2013 80.89 62.74 88.00
8/31/2013 74.25 56.64 81.10
9/30/2013 83.33 64.80 90.68
10/31/2013 89.42 70.92 97.20
11/30/2013 93.28 73.18 101.11
12/31/2013 99.44 78.53 107.81
1/31/2014 93.00 74.74 101.15
2/28/2014 101.81 83.28 110.47
3/31/2014 103.78 83.95 112.77
4/30/2014 101.75 81.08 110.78
5/31/2014 106.14 84.30 115.47
6/30/2014 113.75 91.92 123.62
7/31/2014 104.92 83.72 114.41
8/31/2014 115.73 93.05 125.88
9/30/2014 103.76 84.27 113.27
10/31/2014 109.81 90.84 119.83
11/30/2014 115.42 94.37 125.69
12/31/2014 118.35 95.97 128.86
1/31/2015 111.57 93.77 121.80
2/28/2015 126.53 103.70 137.68
3/31/2015 128.70 106.39 140.17
4/30/2015 125.55 103.31 136.96
5/31/2015 128.86 106.92 140.51
6/30/2015 123.65 104.20 135.19
7/31/2015 122.05 104.48 133.52
8/31/2015 112.66 93.07 123.75
9/30/2015 103.08 86.85 113.49
10/31/2015 115.47 97.37 126.65
11/30/2015 116.52 100.05 127.88
12/31/2015 105.71 91.71 116.62
1/31/2016 92.35 80.80 102.48
2/29/2016 99.33 83.35 109.89
3/31/2016 118.70 98.97 130.69
4/30/2016 118.95 101.40 131.07
5/31/2016 118.76 106.06 131.03
6/30/2016 118.31 106.91 130.74
7/31/2016 130.45 115.79 143.67
8/31/2016 130.22 116.87 143.51
9/30/2016 129.99 115.49 143.35
10/31/2016 123.46 109.72 136.65
11/30/2016 145.75 126.51 160.37
12/31/2016 150.08 131.47 165.09
1/31/2017 153.91 135.35 169.19
2/28/2017 156.46 141.52 171.95
3/31/2017 156.73 140.59 172.37
4/30/2017 156.53 142.60 172.22
5/31/2017 153.33 141.42 168.87
6/30/2017 160.79 145.33 176.99
7/31/2017 161.90 147.49 178.29
8/31/2017 157.50 143.69 173.68
9/30/2017 166.86 153.23 183.66
10/31/2017 168.55 158.96 185.48
11/30/2017 179.93 168.48 197.65
12/31/2017 182.28 169.07 200.24
1/31/2018 189.92 176.80 208.43
2/28/2018 174.74 164.53 192.32
3/31/2018 174.74 166.99 192.45
4/30/2018 171.39 166.30 188.94
5/31/2018 184.22 177.29 202.71
6/30/2018 185.50 178.45 204.27

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 07/16/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 0.2153 0.1693
Total Amount of Distribution 0.2153 0.1693
Record Date 12/31/13 12/31/14
Ex Div Date 12/27/13 12/29/14
Pay Date 1/3/14 1/5/15

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

Portfolio

Top Holdings

(28.6% of assets as of 07/13/2018)

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Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Country S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
United States 99.8% - -
United Kingdom 0.1% - -
Developed Markets S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Americas 99.8% - -
Europe 0.1% - -
Equity Sector S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Consumer Discretionary 18.1% - -
Information Technology 17.2% - -
Industrials 16.6% - -
Financials 10.0% - -
Health Care 9.5% - -
Materials 8.9% - -
Energy 7.9% - -
Consumer Staples 5.0% - -
Utilities 3.1% - -
Real Estate 3.0% - -
Telecommunication Services 0.4% - -
Industry S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Electronic Equipment Instruments & Components 10.8% - -
Specialty Retail 6.7% - -
Health Care Providers & Services 6.4% - -
Oil Gas & Consumable Fuels 6.3% - -
Insurance 5.7% - -
Machinery 4.1% - -
Metals & Mining 3.4% - -
Construction & Engineering 2.9% - -
Chemicals 2.8% - -
Hotels Restaurants & Leisure 2.6% - -
Food Products 2.5% - -
IT Services 2.4% - -
Road & Rail 2.3% - -
Banks 2.3% - -
Equity Real Estate Investment Trusts (REITs) 2.2% - -
Media 2.0% - -
Food & Staples Retailing 1.9% - -
Containers & Packaging 1.9% - -
Household Durables 1.9% - -
Commercial Services & Supplies 1.7% - -
Asset Allocation S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Equity 99.7% - -
Analytics
(As of 06/29/2018)

Morningstar 06/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
365
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-3.08
-2.43
Beta
1.10
1.10
Information Ratio
-0.67
-0.45
R-Squared
92.85
93.81
Sharpe Ratio
0.64
0.87
Standard Deviation
11.23
11.10
Upside Capture
94.83
101.02
Downside Capture
111.59
115.22
Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
6/21/2018
Per Share ($)
$0.1500
12-Month Distribution ($)
$0.5896
Portfolio Characteristics
Fund
Industry Benchmark
Average Market Cap (weighted)
$4.87 B
$5.69 B
Median Market Cap (weighted)
$4.54 B
$5.11 B
P/E Ratio (LTM)
15.69
20.88
P/E Ratio (NTM)
13.08
17.10
Price/Book
2.04
2.54
Price/Sales Ratio
0.41
1.94
Price/Cash Flow Ratio
11.17%
-
Turnover Ratio
46.40%
-
Yields
Standardized Yield
0.93%
Distribution Sources
  • C
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 Mid Cap Revenue ETF.
  2. 2. The S&P MidCap 400 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 MidCap 400 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 MidCap 400 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. Mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a mid-sized company, if any gain is realized at all. 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. 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.
  9. 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.
  10. 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.
  11. C. There is no guarantee of the payment of any dividend or other distributions at any level.
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