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RWJ
Oppenheimer

Small Cap Revenue ETF

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Overview
NAV
  • B
(as of 01/16/2018)
$71.74
Daily Change
(as of 01/16/2018)
-$0.94
-1.30%
YTD
(as of 01/16/2018)
2.56%
Expense Ratio
(as of 01/16/2018)
0.39%

The strategy provides access to the same securities as the S&P SmallCap 600 Index, weighted by top line revenue instead of market capitalization.

Why RWJ?
1. Broad exposure to the S&P 600 universe.
2. Greater exposure to lower valuation companies than the market-cap benchmark.
3. Consider for small-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 01/16/2018)
$531.00 MM
Number of Holdings
(as of 01/16/2018)
603
Inception Date
February 19, 2008
Investment Style
Alternatively Weighted Strategy
Benchmark
OFI Revenue Weighted Small Cap Index™
Index
S&P 600 Small Cap Index
Bloomberg Index Ticker
REVWST
Reuters Bridge Ticker
RWJ.IV
ISIN
US68386C3025
CUSIP
68386C302
Closing Price
(as of 01/16/2018)
$71.76
Premium/Discount
(as of 01/16/2018)
-0.02%
Midpoint Price
(as of 01/16/2018)
$71.73
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 12/31/2017
  • C
as of 12/31/2017
  • C

Market Price
Market Price
Market Price
Market Price
  • C
Cumulative
Annualized
3 mo ytd as of 2017-12-31
1 yr 3 yr 5 yr since inception
Small Cap Revenue ETF (NAV)
2.68% 5.16% 5.16% 7.89% 14.25% 11.82%
Cumulative
Annualized
3 mo ytd as of 2017-12-31
1 yr 3 yr 5 yr since inception
Small Cap Revenue ETF (Market Price)
2.65% 5.04% 5.04% 7.87% 14.29% 11.82%
Cumulative
Annualized
3 mo ytd as of 2017-12-31
1 yr 3 yr 5 yr since inception
Small Cap Revenue ETF (NAV)
2.68% 5.16% 5.16% 7.89% 14.25% 11.82%
Cumulative
Annualized
3 mo ytd as of 2017-12-31
1 yr 3 yr 5 yr since inception
Small Cap Revenue ETF (Market Price)
2.65% 5.04% 5.04% 7.87% 14.29% 11.82%
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 Small Cap Revenue ETF S&P 600 Small Cap Index
2009 48.21% 25.57%
2010 25.68% 26.31%
2011 -0.74% 1.02%
2012 18.58% 16.33%
2013 45.54% 41.31%
2014 6.49% 5.76%
2015 -8.51% -1.97%
2016 30.51% 26.56%
2017 5.16% 13.24%

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 Small Cap Revenue ETF S&P 600 Small Cap Index OFI Rev Weighted Sm Cap Ix
12/31/2012 0.00 0.00 0.00
1/31/2013 5.81 5.78 5.82
2/28/2013 7.01 7.27 7.04
3/31/2013 10.93 11.81 10.99
4/30/2013 10.48 11.51 10.58
5/31/2013 17.52 16.36 17.71
6/30/2013 16.91 16.19 17.17
7/31/2013 25.39 24.15 25.81
8/31/2013 21.89 21.12 22.30
9/30/2013 30.55 28.66 31.11
10/31/2013 34.47 33.30 35.08
11/30/2013 41.75 39.30 42.48
12/31/2013 45.53 41.31 46.21
1/31/2014 38.42 35.86 39.06
2/28/2014 46.04 41.92 46.81
3/31/2014 47.72 42.91 48.58
4/30/2014 44.69 38.92 45.62
5/31/2014 45.80 39.29 46.83
6/30/2014 52.01 45.86 53.18
7/31/2014 43.09 37.85 44.20
8/31/2014 49.86 43.77 51.13
9/30/2014 40.28 36.05 41.34
10/31/2014 49.66 45.69 50.99
11/30/2014 50.23 45.29 51.78
12/31/2014 54.97 49.45 56.64
1/31/2015 46.35 44.22 47.82
2/28/2015 57.26 52.92 58.99
3/31/2015 59.73 55.37 61.62
4/30/2015 56.20 51.76 58.05
5/31/2015 58.98 54.08 60.87
6/30/2015 58.19 55.67 60.26
7/31/2015 54.20 54.35 56.28
8/31/2015 45.94 46.36 48.03
9/30/2015 38.41 41.24 40.62
10/31/2015 48.96 49.85 51.37
11/30/2015 51.12 53.86 53.55
12/31/2015 41.79 46.50 44.12
1/31/2016 30.51 37.46 32.70
2/29/2016 34.70 39.00 36.97
3/31/2016 48.57 50.39 51.36
4/30/2016 52.54 52.16 55.49
5/31/2016 51.86 54.68 54.82
6/30/2016 51.12 55.62 54.17
7/31/2016 61.41 63.54 64.70
8/31/2016 60.97 65.76 64.38
9/30/2016 63.03 66.83 66.66
10/31/2016 55.61 59.36 59.06
11/30/2016 77.38 79.36 81.43
12/31/2016 85.06 85.40 89.31
1/31/2017 82.50 84.66 86.79
2/28/2017 86.52 87.60 91.01
3/31/2017 83.07 87.37 87.45
4/30/2017 84.92 89.06 89.43
5/31/2017 77.70 85.05 82.03
6/30/2017 82.48 90.59 87.04
7/31/2017 81.75 92.43 86.33
8/31/2017 73.72 87.49 78.13
9/30/2017 89.53 101.95 94.40
10/31/2017 87.02 103.86 91.88
11/30/2017 94.16 111.04 99.29
12/31/2017 94.62 109.94 0.00

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 01/17/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 0.1214 0.0969
Total Amount of Distribution 0.1214 0.0969
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

(24.6% of assets as of 01/16/2018)

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Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Country Small Cap Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
United States 99.3% 100.0% -0.7%
Net Cash and Equivalents 0.7% - -
Developed Markets Small Cap Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Americas 99.3% 100.0% -0.7%
Net Cash and Equivalents 0.7% - -
Emerging Markets Small Cap Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Net Cash and Equivalents 0.7% - -
Equity Sector Small Cap Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Consumer Discretionary 27.1% 15.3% 11.8%
Industrials 21.2% 19.3% 2.0%
Information Technology 11.5% 14.2% -2.7%
Health Care 10.4% 13.9% -3.5%
Financials 9.3% 16.4% -7.1%
Materials 6.6% 5.4% 1.1%
Consumer Staples 5.3% 2.8% 2.5%
Energy 3.7% 3.6% 0.2%
Telecommunication Services 1.8% 1.2% 0.6%
Real Estate 1.3% 5.5% -4.2%
Utilities 1.0% 2.6% -1.6%
Net Cash and Equivalents 0.7% - -
Industry Small Cap Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Specialty Retail 11.9% 4.2% 7.8%
Health Care Providers & Services 7.4% 3.2% 4.1%
Electronic Equipment Instruments & Components 5.9% 4.1% 1.7%
Commercial Services & Supplies 4.4% 2.9% 1.5%
Machinery 4.2% 5.7% -1.4%
Capital Markets 3.4% 1.7% 1.7%
Food & Staples Retailing 2.8% 0.3% 2.5%
Insurance 2.6% 3.1% -0.5%
Professional Services 2.5% 2.3% 0.3%
Chemicals 2.5% 3.0% -0.5%
Household Durables 2.3% 2.2% 0.1%
Multiline Retail 2.3% 0.5% 1.8%
Energy Equipment & Services 2.1% 2.1% 0.0%
Hotels Restaurants & Leisure 2.1% 2.6% -0.5%
Auto Components 2.1% 1.7% 0.4%
Metals & Mining 2.1% 1.0% 1.0%
Textiles Apparel & Luxury Goods 1.9% 1.4% 0.5%
Banks 1.8% 7.6% -5.8%
Aerospace & Defense 1.8% 1.9% -0.2%
Diversified Telecommunication Services 1.8% 1.1% 0.6%
Asset Allocation Small Cap Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Equity 99.1% 100.0% -0.9%
Net Cash and Equivalents 0.7% - -
Analytics
(As of 12/31/2017)

Morningstar 12/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
652
Category
Small Blend
Performance Statistics
3Y
Alpha
-5.82
Beta
1.22
Information Ratio
-0.86
Sharpe Ratio
0.50
Standard Deviation
17.17
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
1/2/2018
Per Share ($)
$0.1792
12-Month Distribution ($)
$0.5696
Portfolio Characteristics
Fund
Benchmark
Average Market Cap (weighted)
$1.48 B
-
Price/Book
1.84
-
Price/Sales Ratio
0.20
-
Turnover Ratio
46.33%
-
Distribution Sources
  • D
Net Income
96.70%
Net Profit from Sale
0.00%
Other Capital Sources
3.30%
Documents

CHALLENGE OLD THINKING.

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CHALLENGE OLD THINKING.
The market-cap weighted index has been around since 1957 – decades before the research that identified the factors that drive stocks’ returns.
THE REALITY
Market-cap weighting is a price-driven approach that is susceptible to short-term thinking. Revenue weighting is based on a reliable, tangible indicator of a company’s success.

Learn more about Challenge the Index

Bw 5161397070001 620x349
  1. 1. Index Reconstitution -- December 8, 2017
    Indices are rebalanced and reconstituted on a quarterly basis. The next reconstitution will be implemented after the close of trading on December 15, 2017, as set forth in the link below.
    Access Index Reconstitution.
  2. 2. Special Risks: An investment in the Fund is subject to investment risk, including the possible loss of principal amount invested. Small-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 small-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.
  3. 3. Access Index Definitions
  4. 4. Holdings are subject to change, and are dollar weighted based on total net assets.
  5. 5. 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.
  6. A. The benchmark holdings data displayed is as of 12/06/2017.
  7. 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.
  8. 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.

    On 2/22/2008 and 3/31/2008 for RWJ, the last trade price was used to calculate market return because 4:00pm EST midpoint bid/ask prices are not available on those dates.

    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.

    Returns are preliminary and subject to change until the first business day of the month.
  9. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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