Overview
-
NAV
- A
- (as of 10/19/2018)
- $22.55
- Daily Change
- (as of 10/19/2018)
- $-0.07
- -0.30%
-
YTD
- (as of 10/19/2018)
- N/A
- Expense Ratio
- (as of 10/19/2018)
- 0.46%
The strategy invests in the securities in the FTSE Emerging Index with the highest trailing dividend yield. Each of these securities is then weighted by top-line revenue, rather than market capitalization.
Why REDV?
1. Offers attractive yield potential in a low interest rate environment.
2. Greater exposure to lower valuation companies than most dividend-oriented products.
3. Consider to pursue income with 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.
- Total Assets
- (as of 10/19/2018)
- $2.25 MM
- Number of Holdings
- (as of 10/19/2018)
- 102
- Inception Date
- August 7, 2018
- Investment Style
- Alternatively Weighted Strategy
- Tracked Index
- FTSE Custom Emerging Ultra Dividend Revenue Net Index
- Bloomberg Index Ticker
- REDVNR
- Broad Benchmark
- FTSE Emerging Index
- Reuters Bridge Ticker
- REDV.IV
- ISIN
- US68386C7406
- CUSIP
- 68386C740
- Closing Price
- (as of 10/19/2018)
- $22.57
- Midpoint Price
- (as of 10/19/2018)
- $22.56
- Premium/Discount
- (as of 10/19/2018)
- 0.05% Premium/Discount Analysis
Portfolio
Top Holdings
(56.5% of assets as of 10/19/2018)
Full Holdings
Fund Holdings subject to change as of 10/19/2018
| Description | Weight |
|---|---|
| Indian Oil Corp Ltd. | 4.3280% |
| China Huarong Asset Management Co. Ltd. | 4.0231% |
| Inventec Corp. | 3.9131% |
| China Cinda Asset Management Co. Ltd. | 3.6063% |
| Tupras Turkiye Petrol Rafinerileri AS | 3.5570% |
| Vedanta Ltd. | 3.3936% |
| Coal India Ltd. | 3.3374% |
| Sinopec Shanghai Petrochemical. | 2.9189% |
| AU Optronics Corp. | 2.4720% |
| China Resources Power Holdings Co. Ltd. | 2.4690% |
| MTN Group Ltd. | 2.4503% |
| Cia Energetica de Minas Gerais, Preference | 2.3840% |
| MMC Norilsk Nickel PJSC | 2.3107% |
| Novolipetsk Steel PJSC | 2.3055% |
| Guangzhou R&F Properties Co. Ltd. | 2.3031% |
| Sime Darby Bhd | 2.2291% |
| Absa Group Ltd. | 2.2156% |
| CEZ AS | 2.2092% |
| Malayan Banking Bhd. | 2.1809% |
| Banco Santander Mexico SA Institucion de Banca Multiple Grupo Financiero Santand | 1.8840% |
| Lite-On Technology Corp. | 1.7798% |
| Severstal PJSC | 1.7509% |
| Mobile TeleSystems PJSC | 1.6787% |
| Aeroflot PJSC. | 1.5933% |
| MMI Holdings Ltd. South Africa | 1.5243% |
| Datang International Power Generation Co. Ltd. | 1.4676% |
| Manila Electric Co. | 1.4345% |
| Cia Paranaense de Energia,Preference | 1.3478% |
| Rostelecom PJSC | 1.1818% |
| Chongqing Changan Automobile C. | 1.1073% |
| Abu Dhabi Commercial Bank PJSC | 1.0993% |
| BASHNEFT PAO -PREF | 1.0787% |
| Alrosa PJSC | 1.0113% |
| Power Finance Corp Ltd. | 1.0054% |
| Turkcell Iletisim Hizmetleri AS | 0.9931% |
| Kumba Iron Ore Ltd. | 0.9383% |
| Zoomlion Heavy Industry Science and Technology Co. Ltd. | 0.9367% |
| YTL Corp Bhd. | 0.9297% |
| Federal Grid Co Unified Energy System PJSC | 0.8622% |
| China Power International Development Ltd. | 0.8578% |
| Telkom SA SOC Ltd. | 0.8137% |
| Dubai Islamic Bank PJSC | 0.7983% |
| Rural Electrification Corp. Ltd. | 0.7679% |
| AES Gener SA. | 0.7472% |
| Sistema PJSC FC | 0.7026% |
| Shandong Chenming Paper Holdings Ltd. | 0.6504% |
| YTL Power International Bhd. | 0.6470% |
| Magyar Telekom Telecommunications plc | 0.6013% |
| Engie Brasil Energia SA | 0.5906% |
| Kingboard Laminates Holdings Ltd. | 0.5864% |
| DAMAC Properties Dubai Co PJSC. | 0.5657% |
| Commercial Bank QSC | 0.5522% |
| ElSewedy Electric Co. | 0.5040% |
| Itausa - Investimentos Itau SA | 0.4653% |
| OPAP SA | 0.4463% |
| Net Cash and Equivalents | 0.4252% |
| COMGAS,Preference | 0.4216% |
| Oil India Ltd. | 0.3890% |
| Red Star Macalline Group Corp. Ltd. | 0.3710% |
| Weifu High-Technology Group Co. Ltd. | 0.3419% |
| National Bank of Pakistan. | 0.3286% |
| Habib Bank Ltd. | 0.3157% |
| Yulon Nissan Motor Co Ltd. | 0.3131% |
| Astro Malaysia Holdings Bhd | 0.3031% |
| Doha Bank QPSC. | 0.2969% |
| JPMorgan Chase Bank NA; PD: If positive,the Total Return of the IBXXLLTR Index expiring 12/20/2017; RD: If negative, the absolute value of the Total R | 0.2921% |
| Unipro PJSC. | 0.2917% |
| Land & Houses PCL | 0.2869% |
| NHPC Ltd. | 0.2833% |
| Air Arabia PJSC. | 0.2747% |
| XINHUA WINSHARE. | 0.2720% |
| Qatar Gas Transport Co., Ltd. | 0.2515% |
| Al Meera Consumer Goods Co QSC. | 0.2427% |
| Gulf International Services QS. | 0.2356% |
| Fibra Uno Administracion SA de CV | 0.2277% |
| Cia de Transmissao de Energia Eletrica Paulista | 0.2187% |
| Fauji Fertilizer Co Ltd. | 0.2100% |
| Growthpoint Properties Ltd. | 0.2022% |
| Reunert Ltd. | 0.1926% |
| Transcend Information Inc. | 0.1912% |
| KWG Group Holdings Ltd. | 0.1860% |
| Qatar International Islamic Ba. | 0.1731% |
| British American Tobacco Malaysia Bhd | 0.1708% |
| Barwa Real Estate Co. | 0.1471% |
| Redefine Properties Ltd. | 0.1455% |
| Philip Morris CR AS | 0.1454% |
| Foshan Electrical and Lighting Co. Ltd. | 0.1413% |
| United Development Co QSC. | 0.1367% |
| Qualicorp Consultoria e Corret | 0.1352% |
| Moscow Exchange MICEX-RTS PJSC | 0.1345% |
| Moneta Money Bank AS | 0.1301% |
| CENTRAL CHINA SECURITIES CO LT. | 0.1250% |
| Transmissora Alianca de Energia Eletrica SA | 0.0789% |
| Coronation Fund Managers Ltd. | 0.0712% |
| Fortress REIT Ltd. | 0.0619% |
| Concentradora Fibra Danhos SA | 0.0609% |
| Soho China Ltd. | 0.0581% |
| China Dongxiang Group Co Ltd. | 0.0543% |
| Resilient REIT Ltd. | 0.0506% |
| Smiles Fidelidade SA. | 0.0454% |
| Vukile Property Fund Ltd | 0.0388% |
| Al Waha Capital PJSC. | 0.0221% |
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.
Alternatively Weighted Strategy
Portfolio Holdings Breakdown
as of
10/19/2018
| Country | Emerging Markets Ultra Dividend Revenue ETF | FTSE Emerging Index | Overweight / Underweight |
|---|---|---|---|
| China | 22.5% | 32.4% | -9.9% |
| Russia | 14.9% | 4.5% | 10.4% |
| India | 13.5% | 10.9% | 2.6% |
| Taiwan | 8.7% | 13.5% | -4.8% |
| South Africa | 8.7% | 7.4% | 1.3% |
| Malaysia | 6.5% | 3.4% | 3.1% |
| Brazil | 5.7% | 9.3% | -3.6% |
| Turkey | 4.6% | 0.8% | 3.7% |
| United Arab Emirates | 2.8% | 1.0% | 1.7% |
| Czech Republic | 2.5% | 0.2% | 2.3% |
| Mexico | 2.2% | 4.0% | -1.8% |
| Qatar | 2.0% | 1.3% | 0.7% |
| Philippines | 1.4% | 1.3% | 0.2% |
| Pakistan | 0.9% | 0.1% | 0.8% |
| Chile | 0.7% | 1.3% | -0.6% |
| Hungary | 0.6% | 0.4% | 0.2% |
| Egypt | 0.5% | 0.2% | 0.3% |
| Net Cash and Equivalents | 0.4% | - | - |
| Greece | 0.4% | 0.3% | 0.1% |
| United States | 0.3% | 0.4% | -0.1% |
| Equity Sector | Emerging Markets Ultra Dividend Revenue ETF | FTSE Emerging Index | Overweight / Underweight |
|---|---|---|---|
| Financials | 21.7% | 25.7% | -4.0% |
| Utilities | 17.2% | 3.0% | 14.2% |
| Materials | 15.5% | 8.5% | 6.9% |
| Energy | 13.2% | 9.9% | 3.3% |
| Information Technology | 8.9% | 10.5% | -1.5% |
| Communication Services | 8.8% | 14.8% | -6.0% |
| Industrials | 5.9% | 5.5% | 0.4% |
| Real Estate | 4.8% | 3.3% | 1.5% |
| Consumer Discretionary | 2.5% | 9.7% | -7.2% |
| Consumer Staples | 0.6% | 6.4% | -5.8% |
| Net Cash and Equivalents | 0.4% | - | - |
| Health Care | 0.1% | 2.7% | -2.5% |
| Industry | Emerging Markets Ultra Dividend Revenue ETF | FTSE Emerging Index | Overweight / Underweight |
|---|---|---|---|
| Oil Gas & Consumable Fuels | 12.9% | 9.7% | 3.2% |
| Metals & Mining | 11.7% | 3.8% | 7.9% |
| Banks | 10.4% | 18.1% | -7.6% |
| Electric Utilities | 8.5% | 1.2% | 7.3% |
| Capital Markets | 8.0% | 1.2% | 6.7% |
| Independent Power and Renewable Electricity Producers | 6.7% | 0.8% | 5.9% |
| Technology Hardware Storage & Peripherals | 5.9% | 1.1% | 4.8% |
| Wireless Telecommunication Services | 5.8% | 3.5% | 2.4% |
| Real Estate Management & Development | 4.1% | 2.8% | 1.2% |
| Electronic Equipment Instruments & Components | 3.1% | 2.0% | 1.1% |
| Chemicals | 3.1% | 2.6% | 0.5% |
| Diversified Telecommunication Services | 2.6% | 1.8% | 0.8% |
| Industrial Conglomerates | 2.4% | 1.3% | 1.1% |
| Airlines | 1.9% | 0.4% | 1.5% |
| Diversified Financial Services | 1.8% | 1.4% | 0.4% |
| Multi-Utilities | 1.6% | 0.1% | 1.5% |
| Insurance | 1.5% | 3.8% | -2.2% |
| Automobiles | 1.4% | 1.6% | -0.2% |
| Machinery | 0.9% | 0.6% | 0.4% |
| Equity Real Estate Investment Trusts (REITs) | 0.8% | 0.5% | 0.3% |
| Asset Allocation | Emerging Markets Ultra Dividend Revenue ETF | FTSE Emerging Index | Overweight / Underweight |
|---|---|---|---|
| Equity | 99.3% | 100.0% | -0.7% |
| Net Cash and Equivalents | 0.4% | - | - |
| Market Cap | Emerging Markets Ultra Dividend Revenue ETF | FTSE Emerging Index | Overweight / Underweight |
|---|---|---|---|
| Large | 51.6% | 86.2% | -34.6% |
| Mid | 40.6% | 11.6% | 28.9% |
| Small | 7.0% | 2.1% | 4.9% |
| Net Cash and Equivalents | 0.4% | - | - |
Analytics
Alternatively Weighted Strategy
Analytics
as of
09/28/2018
Yields
Standardized Yield
5.20%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$7.40 B
$75.43 B
Median Market Cap (weighted)
$4.23 B
$20.72 B
P/E Ratio (LTM)
8.71
16.26
P/E Ratio (NTM)
8.17
13.01
Price/Book
1.12
2.06
Price/Sales Ratio
0.63
1.88
Price/Cash Flow Ratio
5.07%
-
Turnover Ratio
-
-
Dividends
- B
Est. Frequency
Quarterly
Last Pay Date
9/27/2018
Per Share ($)
$0.0735
12-Month Distribution ($)
$0.0735
Distribution Sources
- B
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
- 1. This is a new fund with limited operating history and an inception date of 8/17/18.
- 2. The Oppenheimer Emerging Ultra Dividend Revenue ETF has been developed solely by OppenheimerFunds, and is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the FTSE Custom Emerging Ultra Dividend Revenue Index (the “Index”) vest in the relevant LSE Group company which owns the Index. FTSE® is a trade mark(s) of the relevant LSE Group company and is/are used by any other LSE Group company under license. The Index is calculated by or on behalf of FTSE International Limited or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Oppenheimer Emerging Ultra Dividend Revenue ETF. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Oppenheimer Emerging Ultra Dividend Revenue ETF or the suitability of the Index for the purpose to which it is being put by OppenheimerFunds.
- 3. 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. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Eurozone investments may be subject to volatility and liquidity issues. Emerging and developing market investments may be especially volatile. 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.
- 4. FTSE Emerging Markets indices are part of the FTSE Global Equity Index Series (GEIS). The series includes large and mid cap securities from advanced and secondary emerging markets, classified in accordance with FTSE's transparent Country Classification Review Process. The FTSE Emerging Index provides investors with a comprehensive means of measuring the performance of the most liquid companies in the emerging markets. Index performance is shown for illustrative purposes only and does not predict or depict the performance of the Fund. Past performance does not guarantee future results.
- 5. The index starts with the FTSE Emerging Index, identifies 100 of the top securities by trailing dividend yield, and then re-weights those securities according to revenue earned by the companies. Past performance does not guarantee future results.
- 6. The Closing Price is the price of the last reported trade on the Fund's primary exchange.
- 7. Holdings are subject to change, and are dollar weighted based on total net assets.
- 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. 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.
- 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. ↩
- B. There is no guarantee of the payment of any dividend or other distributions at any level. ↩