Spoof Access

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RWL
Oppenheimer

S&P 500 Revenue ETF

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Overview
NAV
  • B
(as of 03/18/2019)
$52.22
Daily Change
(as of 03/18/2019)
$0.36
0.69%
YTD
(as of 03/18/2019)
12.28%
Expense Ratio
(as of 03/18/2019)
0.39%

The strategy provides access to the same securities as the S&P 500 Index, weighted by top line revenue instead of market capitalization.

Why RWL?
1. Broad exposure to the S&P 500 universe.
2. Greater exposure to lower valuation companies than the market-cap benchmark.
3. Consider for large-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 03/18/2019)
$1.01 BN
Number of Holdings
(as of 03/18/2019)
508
Inception Date
February 19, 2008
Investment Style
Alternatively Weighted Strategy
Tracked Index
S&P 500 Revenue-Weighted Index™
Bloomberg Index Ticker
REVWLT
Broad Benchmark
S&P 500 Index
Style Benchmark
S&P 500 Value Index
Reuters Bridge Ticker
RWL.IV
ISIN
US68386C1045
CUSIP
68386C104
Closing Price
(as of 03/18/2019)
$52.22
Midpoint Price
(as of 03/18/2019)
$52.20
Premium/Discount
(as of 03/18/2019)
-0.03%
Premium/Discount Analysis
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Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 02/28/2019
  • C
as of 12/31/2018
  • C

Market Price
Market Price
Market Price
Market Price
  • C
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (NAV)
-7.57% -7.57% 7.54% 6.85% 13.21% 7.68%
S&P 500 Index
-4.38% -4.38% 9.26% 8.49% 13.12% 8.17%
S&P 500 Value Index
-8.95% -8.95% 7.23% 6.06% 11.21% 5.99%
S&P 500 Revenue-Weighted Index™
-7.24% -7.24% 8.02% 7.27% 13.73% 8.19%
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (Market Price)
-7.61% -7.61% 7.60% 6.86% 13.25% 7.67%
S&P 500 Index
-4.38% -4.38% 9.26% 8.49% 13.12% 8.17%
S&P 500 Value Index
-8.95% -8.95% 7.23% 6.06% 11.21% 5.99%
S&P 500 Revenue-Weighted Index™
-7.24% -7.24% 8.02% 7.27% 13.73% 8.19%
Cumulative
Annualized
ytd as of 2019-02-28
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (NAV)
11.43% 3.03% 13.27% 9.24% 16.92% 8.62%
S&P 500 Index
11.48% 4.68% 15.28% 10.67% 16.67% 9.11%
S&P 500 Value Index
11.01% 2.68% 12.69% 8.37% 15.45% 6.91%
S&P 500 Revenue-Weighted Index™
11.52% 3.41% 13.77% 9.67% 17.46% 9.14%
Cumulative
Annualized
ytd as of 2019-02-28
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (Market Price)
11.41% 3.02% 13.29% 9.25% 16.92% 8.62%
S&P 500 Index
11.48% 4.68% 15.28% 10.67% 16.67% 9.11%
S&P 500 Value Index
11.01% 2.68% 12.69% 8.37% 15.45% 6.91%
S&P 500 Revenue-Weighted Index™
11.52% 3.41% 13.77% 9.67% 17.46% 9.14%
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 500 Revenue ETF S&P 500 Index S&P 500 Value Index S&P 500 Revenue-Weighted Index™
2009 30.18% 26.46% 21.18% 30.66%
2010 16.93% 15.06% 15.10% 17.58%
2011 0.38% 2.11% -0.48% 0.89%
2012 18.08% 16.00% 17.68% 18.76%
2013 37.68% 32.39% 31.99% 38.42%
2014 13.35% 13.69% 12.36% 13.98%
2015 -1.21% 1.38% -3.13% -1.12%
2016 12.25% 11.96% 17.40% 12.86%
2017 19.88% 21.83% 15.36% 20.41%
2018 -7.57% -4.38% -8.95% -7.24%

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 S&P 500 Revenue ETF S&P 500 Index OFI Rev Weighted Lg Cap Ix
2/28/2009 0.00 0.00 0.00
3/31/2009 8.91 8.76 9.02
4/30/2009 24.71 19.17 24.87
5/31/2009 31.18 25.83 31.43
6/30/2009 29.54 26.08 29.54
7/31/2009 40.96 35.62 41.05
8/31/2009 47.37 40.52 47.59
9/30/2009 52.53 45.76 52.88
10/31/2009 49.09 43.05 49.47
11/30/2009 57.64 51.63 58.05
12/31/2009 61.24 54.56 61.78
1/31/2010 57.62 49.00 58.24
2/28/2010 63.13 53.62 63.81
3/31/2010 73.91 62.89 74.74
4/30/2010 77.37 65.46 78.30
5/31/2010 63.79 52.25 64.67
6/30/2010 53.13 44.28 54.03
7/31/2010 63.67 54.39 64.72
8/31/2010 55.04 47.42 56.06
9/30/2010 69.54 60.57 70.80
10/31/2010 75.02 66.68 76.38
11/30/2010 75.89 66.70 77.29
12/31/2010 88.54 77.84 90.22
1/31/2011 93.65 82.06 95.40
2/28/2011 100.12 88.30 102.05
3/31/2011 100.84 88.37 102.81
4/30/2011 106.81 93.95 108.93
5/31/2011 104.16 91.76 106.35
6/30/2011 100.55 88.56 102.82
7/31/2011 93.69 84.72 96.00
8/31/2011 82.42 74.69 84.67
9/30/2011 68.73 62.41 70.93
10/31/2011 89.14 80.16 91.54
11/30/2011 88.01 79.76 90.54
12/31/2011 89.26 81.60 91.92
1/31/2012 98.53 89.74 101.42
2/29/2012 106.83 97.94 109.88
3/31/2012 112.60 104.46 115.91
4/30/2012 109.75 103.17 113.14
5/31/2012 97.18 90.96 100.42
6/30/2012 105.75 98.83 109.24
7/31/2012 107.49 101.59 111.03
8/31/2012 113.15 106.13 116.94
9/30/2012 119.22 111.46 123.26
10/31/2012 118.20 107.56 122.25
11/30/2012 119.28 108.76 123.46
12/31/2012 123.48 110.66 127.92
1/31/2013 137.49 121.57 142.27
2/28/2013 141.80 124.58 146.81
3/31/2013 153.08 133.00 158.39
4/30/2013 156.60 137.49 162.15
5/31/2013 164.51 143.05 170.31
6/30/2013 161.26 139.79 167.18
7/31/2013 175.64 151.99 182.07
8/31/2013 167.28 144.69 173.60
9/30/2013 174.72 152.36 181.33
10/31/2013 188.70 163.96 195.81
11/30/2013 200.20 172.01 207.75
12/31/2013 207.67 178.89 215.48
1/31/2014 194.76 169.25 202.39
2/28/2014 206.91 181.57 215.05
3/31/2014 212.06 183.93 220.52
4/30/2014 215.84 186.03 224.57
5/31/2014 221.84 192.75 230.88
6/30/2014 226.16 198.79 235.53
7/31/2014 221.83 194.67 231.37
8/31/2014 235.00 206.46 245.07
9/30/2014 228.12 202.16 238.16
10/31/2014 235.77 209.54 246.16
11/30/2014 247.10 217.87 257.80
12/31/2014 248.75 217.07 259.57
1/31/2015 238.22 207.55 248.77
2/28/2015 258.26 225.23 269.57
3/31/2015 254.41 220.08 265.99
4/30/2015 255.49 223.15 267.32
5/31/2015 259.27 227.31 270.99
6/30/2015 251.96 220.97 263.23
7/31/2015 255.61 227.70 267.23
8/31/2015 234.35 207.93 245.36
9/30/2015 226.06 200.31 236.59
10/31/2015 248.34 225.64 259.66
11/30/2015 249.30 226.61 260.67
12/31/2015 244.55 221.46 255.53
1/31/2016 225.85 205.50 236.45
2/29/2016 228.56 205.09 239.41
3/31/2016 251.44 225.79 263.34
4/30/2016 252.89 227.05 264.98
5/31/2016 256.23 232.93 268.54
6/30/2016 257.45 233.79 269.96
7/31/2016 269.35 246.09 282.47
8/31/2016 269.44 246.58 282.77
9/30/2016 267.76 246.65 281.18
10/31/2016 260.12 240.32 273.45
11/30/2016 280.74 252.93 294.98
12/31/2016 286.70 259.90 301.26
1/31/2017 291.85 266.73 306.79
2/28/2017 306.61 281.29 322.23
3/31/2017 304.57 281.73 320.17
4/30/2017 307.10 285.65 322.97
5/31/2017 311.38 291.08 327.56
6/30/2017 314.51 293.52 330.99
7/31/2017 321.92 301.61 339.08
8/31/2017 317.61 302.84 334.72
9/30/2017 329.54 311.15 347.20
10/31/2017 334.73 320.75 352.75
11/30/2017 355.17 333.65 374.21
12/31/2017 363.60 338.47 383.17
1/31/2018 389.11 363.58 409.99
2/28/2018 363.42 346.49 383.31
3/31/2018 351.63 335.15 371.13
4/30/2018 358.17 336.82 378.10
5/31/2018 360.35 347.33 380.52
6/30/2018 362.14 350.09 382.54
7/31/2018 379.00 366.84 400.36
8/31/2018 393.95 382.05 416.24
9/30/2018 395.92 384.79 418.45
10/31/2018 367.99 351.66 389.28
11/30/2018 376.41 360.86 398.33
12/31/2018 328.50 319.25 348.17
1/31/2019 366.83 352.85 388.48
2/28/2019 377.51 367.39 399.79

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 03/19/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term 0.0379 0.0277
Total Amount of Distribution 0.0379 0.0277
Record Date 12/31/14 12/31/15
Ex Div Date 12/29/14 12/29/15
Pay Date 1/5/15 1/4/16

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

Portfolio

Top Holdings

(32.8% of assets as of 03/18/2019)

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Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Country S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
United States 99.9% 100.0% -0.1%
Net Cash and Equivalents 0.1% - -
Developed Markets S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Americas 99.9% 100.0% -0.1%
Net Cash and Equivalents 0.1% - -
Emerging Markets S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Net Cash and Equivalents 0.1% - -
Equity Sector S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Health Care 16.3% 14.6% 1.7%
Financials 13.7% 13.3% 0.4%
Consumer Discretionary 12.7% 9.9% 2.8%
Consumer Staples 12.5% 7.2% 5.3%
Industrials 11.6% 9.4% 2.1%
Information Technology 10.4% 21.0% -10.6%
Energy 8.9% 5.4% 3.5%
Communication Services 7.1% 10.2% -3.1%
Materials 3.0% 2.6% 0.4%
Utilities 2.6% 3.3% -0.7%
Real Estate 0.9% 3.0% -2.1%
Net Cash and Equivalents 0.1% - -
Industry S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Health Care Providers & Services 11.3% 2.9% 8.4%
Oil Gas & Consumable Fuels 8.1% 4.9% 3.1%
Food & Staples Retailing 8.0% 1.5% 6.6%
Banks 4.7% 5.8% -1.1%
Insurance 4.0% 2.4% 1.6%
Technology Hardware Storage & Peripherals 3.4% 4.0% -0.6%
Specialty Retail 3.1% 2.3% 0.9%
Aerospace & Defense 2.9% 2.5% 0.4%
Diversified Telecommunication Services 2.7% 2.0% 0.7%
Automobiles 2.5% 0.4% 2.2%
IT Services 2.3% 4.9% -2.6%
Internet & Direct Marketing Retail 2.3% 3.6% -1.3%
Pharmaceuticals 2.1% 4.8% -2.6%
Diversified Financial Services 2.1% 1.7% 0.4%
Semiconductors & Semiconductor Equipment 2.0% 3.9% -1.9%
Capital Markets 2.0% 2.7% -0.7%
Chemicals 1.9% 2.0% -0.1%
Machinery 1.9% 1.6% 0.4%
Food Products 1.9% 1.1% 0.8%
Media 1.7% 1.3% 0.4%
Asset Allocation S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Equity 99.7% 100.0% -0.3%
Net Cash and Equivalents 0.1% - -
Analytics
(As of 02/28/2019)

Morningstar 02/28/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
1095
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-2.32
-1.32
Beta
1.05
1.01
Information Ratio
-0.69
-0.55
R-Squared
94.47
94.92
Sharpe Ratio
0.99
0.76
Standard Deviation
12.08
11.53
Upside Capture
94.73
94.00
Downside Capture
106.92
100.99
Yields
Standardized Yield
1.98%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$152.20 B
$216.26 B
Median Market Cap (weighted)
$61.49 B
$108.26 B
P/E Ratio (LTM)
15.16
18.68
P/E Ratio (NTM)
13.27
16.37
Price/Book
2.44
3.29
Price/Sales Ratio
0.77
2.12
Price/Cash Flow Ratio
9.77%
12.41%
Turnover Ratio
14.96%
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Dividends
  • D
Last Pay Date
12/28/2018
Per Share ($)
$0.2655
12-Month Distribution ($)
$0.9263
Documents
  1. 1. Prior to 6/5/18, the Fund's name was Oppenheimer Large Cap Revenue ETF.
  2. 2. Access historical premium/discount information
  3. 3. The S&P 500 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 500 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 Revenue-Weighted Index.
  4. 4. An investment in the Fund is subject to investment risk, including the possible loss of principal amount invested. 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.
  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® Value Index represents the companies of the S&P 500® Index that exhibit greater value characteristics.  The S&P 500® Index is a widely recognized benchmark of U.S. stock market performance that is dominated by the stocks of large U.S. companies.  The index tracks the value companies of the S&P 500® Index as identified by three factors:  book value-to-price ratio, earnings-to-price ratio, and sales-to-price ratio. 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.
  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. 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).
  10. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  11. 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.
  12. 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.

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