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RWW
Oppenheimer

Financials Sector Revenue ETF

Overview
NAV
  • A
(as of 05/22/2018)
$68.49
Daily Change
(as of 05/22/2018)
$0.38
0.56%
YTD
(as of 05/22/2018)
-0.17%
Expense Ratio
(as of 05/22/2018)
0.45%

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

Why RWW?
1. Targeted exposure to U.S. financial companies.
2. Greater exposure to lower valuation companes than the market-cap benchmark.
3. Consider when you want focused exposure to the Financials sector.

Total Assets
(as of 05/22/2018)
$58.20 MM
Number of Holdings
(as of 05/21/2018)
71
Inception Date
November 10, 2008
Investment Style
Alternatively Weighted Strategy
Tracked Index
OFI Revenue Weighted Financials Sector Index™
Industry Benchmark
S&P 500 Financials (Sector) Index
Bloomberg Index Ticker
REVWFINT
Reuters Bridge Ticker
RWW.IV
ISIN
US68386C8073
CUSIP
68386C807
Closing Price
(as of 05/21/2018)
$68.03
Premium/Discount
(as of 05/21/2018)
-0.03%
Midpoint Price
(as of 05/21/2018)
$68.09
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2018
  • B
as of 03/31/2018
  • B

Market Price
Market Price
Market Price
Market Price
  • B
Cumulative
Annualized
3 mo ytd as of 2018-03-31
1 yr 3 yr 5 yr since inception
Financials Sector Revenue ETF (NAV)
-2.25% -2.25% 15.04% 12.77% 14.55% 12.96%
S&P 500 Financials (Sector) Index
-0.95% -0.95% 18.04% 14.32% 15.46% 12.28%
OFI Revenue Weighted Financials Sector Index™
-2.15% -2.15% 15.43% 13.24% 15.09% 13.55%
Cumulative
Annualized
3 mo ytd as of 2018-03-31
1 yr 3 yr 5 yr since inception
Financials Sector Revenue ETF (Market Price)
-2.27% -2.27% 15.20% 12.81% 14.59% 12.97%
S&P 500 Financials (Sector) Index
-0.95% -0.95% 18.04% 14.32% 15.46% 12.28%
OFI Revenue Weighted Financials Sector Index™
-2.15% -2.15% 15.43% 13.24% 15.09% 13.55%
Cumulative
Annualized
3 mo ytd as of 2018-04-30
1 yr 3 yr 5 yr since inception
Financials Sector Revenue ETF (NAV)
-7.60% -2.53% 15.71% 12.40% 13.92% 12.81%
S&P 500 Financials (Sector) Index
-7.32% -1.32% 18.60% 14.11% 14.74% 12.13%
OFI Revenue Weighted Financials Sector Index™
-7.52% -2.40% 16.09% 12.87% 14.45% 13.39%
Cumulative
Annualized
3 mo ytd as of 2018-04-30
1 yr 3 yr 5 yr since inception
Financials Sector Revenue ETF (Market Price)
-7.69% -2.71% 15.68% 12.38% 13.96% 12.80%
S&P 500 Financials (Sector) Index
-7.32% -1.32% 18.60% 14.11% 14.74% 12.13%
OFI Revenue Weighted Financials Sector Index™
-7.52% -2.40% 16.09% 12.87% 14.45% 13.39%
Expense Ratio: 0.45%

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 Financials Sector Revenue ETF S&P 500 Financials (Sector) Index OFI Revenue Weighted Financials Sector Index™
2009 26.86% 17.22% 27.58%
2010 17.12% 12.13% 17.73%
2011 -23.94% -17.06% -23.53%
2012 35.39% 28.82% 36.11%
2013 42.26% 35.63% 42.98%
2014 13.02% 15.20% 13.62%
2015 -4.07% -1.53% -3.53%
2016 22.23% 22.80% 22.73%
2017 20.73% 22.18% 21.17%

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 Financials Sector Revenue ETF S&P 500 Financials (Sector) Index OFI Rev Weighted Fin Sector Ix
4/30/2013 0.00 0.00 0.00
5/31/2013 7.76 6.09 7.83
6/30/2013 6.44 4.34 6.52
7/31/2013 12.94 9.97 13.08
8/31/2013 7.60 4.45 7.77
9/30/2013 10.72 7.33 10.96
10/31/2013 14.26 10.84 14.53
11/30/2013 20.61 15.91 20.96
12/31/2013 23.01 18.43 23.45
1/31/2014 17.02 14.14 17.47
2/28/2014 20.56 17.72 21.09
3/31/2014 24.64 21.52 25.24
4/30/2014 22.92 19.65 23.55
5/31/2014 24.04 21.37 24.74
6/30/2014 27.13 24.31 27.91
7/31/2014 24.74 22.52 25.56
8/31/2014 30.96 27.71 31.88
9/30/2014 30.68 27.21 31.66
10/31/2014 33.72 30.98 34.82
11/30/2014 36.41 34.00 37.56
12/31/2014 39.02 36.43 40.26
1/31/2015 26.87 27.01 28.06
2/28/2015 35.31 34.45 36.64
3/31/2015 34.18 33.63 35.58
4/30/2015 35.11 33.87 36.58
5/31/2015 37.73 36.33 39.28
6/30/2015 38.03 35.92 39.65
7/31/2015 42.26 40.16 44.01
8/31/2015 32.00 30.69 33.65
9/30/2015 27.24 26.79 28.90
10/31/2015 35.31 34.71 37.13
11/30/2015 37.53 37.26 39.45
12/31/2015 33.37 34.35 35.31
1/31/2016 21.45 22.45 23.20
2/29/2016 17.71 18.85 19.44
3/31/2016 26.13 27.55 28.04
4/30/2016 31.32 31.89 33.38
5/31/2016 33.50 34.57 35.61
6/30/2016 27.70 30.25 29.75
7/31/2016 32.04 34.87 34.21
8/31/2016 38.67 40.04 41.03
9/30/2016 35.70 36.23 38.02
10/31/2016 38.61 39.36 41.04
11/30/2016 57.28 58.78 60.14
12/31/2016 63.02 64.97 66.06
1/31/2017 63.45 65.36 66.58
2/28/2017 71.65 73.96 74.99
3/31/2017 67.24 69.14 70.57
4/30/2017 65.79 67.72 69.16
5/31/2017 64.51 65.68 67.91
6/30/2017 73.85 76.33 77.51
7/31/2017 77.56 79.37 81.37
8/31/2017 74.37 76.48 78.01
9/30/2017 82.36 85.56 86.28
10/31/2017 87.92 91.01 92.00
11/30/2017 93.72 97.70 97.97
12/31/2017 96.81 101.57 101.21
1/31/2018 107.63 114.62 112.35
2/28/2018 99.99 108.65 104.57
3/31/2018 92.41 99.64 96.88
4/30/2018 91.83 98.91 96.38

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 05/22/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

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

Portfolio

Top Holdings

(76.0% of assets as of 05/21/2018)

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Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Country Financials Sector Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
United States 99.9% 100.0% -0.1%
Net Cash and Equivalents 0.1% - -
Developed Markets Financials Sector Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Americas 99.9% 100.0% -0.1%
Net Cash and Equivalents 0.1% - -
Emerging Markets Financials Sector Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Net Cash and Equivalents 0.1% - -
Equity Sector Financials Sector Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Financials 99.7% 100.0% -0.3%
Net Cash and Equivalents 0.1% - -
Industry Financials Sector Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Banks 33.0% 44.3% -11.3%
Insurance 30.8% 17.1% 13.6%
Diversified Financial Services 16.1% 11.4% 4.6%
Capital Markets 13.4% 21.9% -8.5%
Consumer Finance 6.5% 5.2% 1.3%
Net Cash and Equivalents 0.1% - -
Asset Allocation Financials Sector Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Equity 99.7% 100.0% -0.3%
Net Cash and Equivalents 0.1% - -
Analytics
(As of 04/30/2018)

Morningstar 04/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
94
Category
Financial
Performance Statistics
3Y
5Y
Alpha
-1.44
-1.15
Beta
0.99
1.04
Information Ratio
-0.98
-0.40
R-Squared
98.69
98.03
Sharpe Ratio
0.80
0.95
Standard Deviation
15.30
13.86
Upside Capture
97.22
101.14
Downside Capture
104.92
107.60
Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
3/20/2018
Per Share ($)
$0.1794
12-Month Distribution ($)
$0.7316
Portfolio Characteristics
Fund
Industry Benchmark
Average Market Cap (weighted)
$170.97 B
$175.10 B
Median Market Cap (weighted)
$83.19 B
$84.93 B
P/E Ratio (LTM)
15.58
16.12
P/E Ratio (NTM)
12.12
12.75
Price/Book
1.34
1.52
Price/Sales Ratio
1.75
2.36
Price/Cash Flow Ratio
-
-
Turnover Ratio
-
-
Yields
Standardized Yield
1.37%
Unsubsidized Yield
1.37%
Distribution Sources
  • C
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. Index Reconstitution -- March 12, 2018
    Indices are rebalanced and reconstituted on a quarterly basis. The next reconstitution will be implemented after the close of trading on March 16, 2018, 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. Securities issued by companies in the financial services sector which may be susceptible to economic and regulatory events, and increased volatility. 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. 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.
  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. 6. 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.
  7. 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.
  8. 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.
  9. C. There is no guarantee of the payment of any dividend or other distributions at any level.
  10. The funds invest in below-investment-grade debt securities, which may entail greater credit risks, as described in each fund’s prospectus. These securities (sometimes called “junk bonds”) may be subject to greater price fluctuations and risks of loss of income and principal than investment-grade municipal securities. The funds may invest substantially in municipal securities within a single state or related to similar type projects, which can increase volatility and exposure to regional issues. The funds may also invest substantially in Puerto Rico and other U.S. territories, commonwealths and possessions, and could be exposed to their local political and economic conditions. Deterioration of the Puerto Rican economy could have an adverse impact on Puerto Rican bonds and the performance of the Rochester municipal funds that hold them.The views represented herein are the opinions of the Portfolio Managers at Macquarie Capital Investment Management LLC and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the date indicated, and are subject to change based on subsequent developments.Funds returns may not match the return of its respective index, known as non-correlation risk, due to operating expenses incurred by the Funds. The alternate weighting approach employed by the Funds (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. Because the Funds are 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 performanceOn April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.On April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.

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