Oppenheimer Ultra Dividend Revenue ETF (RDIV) received the Smart Beta ETF of the Year award.
The 2017 ETF Innovation Awards, produced by industry newsletter Fund Action, celebrate innovative managers and service providers working in the ETF space that deliver ground-breaking ideas and fund products and provide a high level of service for investors and clients.
Ultra Dividend Revenue ETF beat out a shortlist of 14 other ETFs offered by well-known firms and was selected based on criteria that included:
- An ability to innovate.
- An ability to execute well on good ideas and publicize new products or corporate branding to key investor/customer groups.
- Success and performance, and the ability to differentiate itself through good ideas.
Additionally, Oppenheimer Large Cap Revenue ETF (RWL) was shortlisted for Equity ETF of the Year.
Fund Action is published by Pageant Media and part of the Fund Intelligence network, providing actionable information for mutual funds on marketing, product and customer trends. Fund Intelligence is a series of information, data and networking groups that provide key insights and business strategy information for the U.S. mutual fund industry.
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Mutual funds and exchange traded funds are subject to market risk and volatility. Shares may gain or lose value.
An investment in the Fund is subject to investment risk, including the possible loss of principal amount invested. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. 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. 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.
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