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Private Client Group
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Revenue Weighted Strategy

Mid Cap Revenue ETF

The strategy is comprised of the same securities as the S&P 400 Mid Cap Index. Each security in the fund is ranked by top line revenue, instead of market capitalization.

RWK CUSIP: 68386C203

CLOSING PRICE (as of 5/23/2017)
Market Close
$54.95
Bid/Ask Midpoint
$54.91
Bid/Ask Prem/Disc
0.05%
TICKERS & ISIN
Index Bloomberg Ticker
REVWMT
Reuters Bridge Ticker
RWK.IV
ISIN
US68386C2035
Investment Style
US Domestic Multi Factor Exposure
Fund Inception
February 20, 2008
Total Assets (as of 4/30/2017)
$313 million
Fund Index
S&P 400 Mid Cap Index
NAV (as of 5/24/17)
  • A
$54.91

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 4/28/2017
  • B
as of 3/31/2017
  • B

Market Price
Market Price
Market Price
Market Price
  • B
Cumulative
Annualized
3 mo ytd as of 5/24/17
1 yr 3 yr 5 yr since inception
Mid Cap Revenue ETF (NAV)
2.65% 1.69% 17.38% 8.00% 12.96% 10.37%
Cumulative
Annualized
3 mo ytd as of 5/24/17
1 yr 3 yr 5 yr since inception
Mid Cap Revenue ETF (Market Price)
2.68% 1.69% 17.43% 8.03% 12.97% 10.37%
Cumulative
Annualized
3 mo ytd as of 5/24/17
1 yr 3 yr 5 yr since inception
Mid Cap Revenue ETF (NAV)
1.02% 1.69% 17.15% 8.34% 12.98% 10.26%
Cumulative
Annualized
3 mo ytd as of 5/24/17
1 yr 3 yr 5 yr since inception
Mid Cap Revenue ETF (Market Price)
0.96% 1.69% 17.23% 8.39% 13.00% 10.26%
Gross Expense Ratio: 0.57% | Net 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 Mid Cap Revenue ETF S&P 400 Mid Cap Index
2009 51.88% 37.38%
2010 23.26% 26.64%
2011 -1.56% -1.73%
2012 15.84% 17.88%
2013 40.60% 33.50%
2014 9.48% 9.77%
2015 -5.79% -2.18%
2016 21.58% 20.74%

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 Mid Cap Revenue ETF S&P 400 Mid Cap Index OFI Rev Weighted Md Cap Ix
4/30/2012 0.00 0.00 0.00
5/31/2012 -8.66 -6.48 -8.62
6/30/2012 -6.54 -4.72 -6.33
7/31/2012 -8.72 -4.76 -8.59
8/31/2012 -6.37 -1.44 -6.24
9/30/2012 -4.33 0.47 -4.16
10/31/2012 -3.75 -0.33 -3.29
11/30/2012 -0.99 1.87 -0.68
12/31/2012 1.79 4.09 2.30
1/31/2013 11.35 11.61 11.95
2/28/2013 12.84 12.71 13.47
3/31/2013 18.76 18.10 19.46
4/30/2013 18.55 18.84 19.32
5/31/2013 23.56 21.52 24.59
6/30/2013 20.51 19.28 21.50
7/31/2013 29.81 26.67 30.90
8/31/2013 25.04 21.92 26.10
9/30/2013 31.56 28.28 32.77
10/31/2013 35.93 33.04 37.31
11/30/2013 38.70 34.80 40.03
12/31/2013 43.12 38.97 44.70
1/31/2014 38.50 36.02 40.06
2/28/2014 44.82 42.66 46.55
3/31/2014 46.23 43.19 48.15
4/30/2014 44.78 40.95 46.76
5/31/2014 47.93 43.45 50.03
6/30/2014 53.39 49.39 55.70
7/31/2014 47.06 43.00 49.29
8/31/2014 54.81 50.27 57.28
9/30/2014 46.22 43.43 48.50
10/31/2014 50.56 48.55 53.07
11/30/2014 54.59 51.29 57.15
12/31/2014 56.69 52.54 59.35
1/31/2015 51.83 50.83 54.44
2/28/2015 62.56 58.56 65.50
3/31/2015 64.12 60.65 67.23
4/30/2015 61.86 58.25 64.99
5/31/2015 64.23 61.07 67.46
6/30/2015 60.49 58.94 63.76
7/31/2015 59.34 59.16 62.60
8/31/2015 52.60 50.28 55.80
9/30/2015 45.73 45.44 48.65
10/31/2015 54.63 53.63 57.81
11/30/2015 55.38 55.71 58.67
12/31/2015 47.62 49.22 50.83
1/31/2016 38.03 40.73 40.99
2/29/2016 43.04 42.72 46.14
3/31/2016 56.94 54.87 60.63
4/30/2016 57.12 56.77 60.89
5/31/2016 56.99 60.39 60.87
6/30/2016 56.66 61.06 60.67
7/31/2016 65.37 67.97 69.67
8/31/2016 65.21 68.80 69.56
9/30/2016 65.04 67.73 69.44
10/31/2016 60.36 63.24 64.78
11/30/2016 76.35 76.31 81.30
12/31/2016 79.46 80.17 84.58
1/31/2017 82.21 83.19 87.44
2/28/2017 84.04 88.00 89.36
3/31/2017 84.23 87.27 89.65
4/30/2017 84.09 88.83 89.55

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 5/24/2017

Date 2012 2013 2014 2015 2016
Short Term
Long Term 0.1375 0.2153 0.1693
Total Amount of Distribution 0.1375 0.2153 0.1693
Record Date 12/31/12 12/31/13 12/31/14
Ex Div Date 12/27/12 12/27/13 12/29/14
Pay Date 1/4/13 1/3/14 1/5/15

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

Analytics

(As of 4/30/2017)

Morningstar 4/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
347
Category
Mid-Cap Value
Performance Statistics
3Y
Alpha
-2.68
Information Ratio
-0.51
Sharpe Ratio
0.63
Standard Deviation
13.82
Sortino Ratio
1.13
Beta
1.11
Bull Beta
1.26
Bear Beta
0.97
Excess Return
-1.90
Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
4/10/2017
Per Share ($)
$0.11
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.67
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$4.52 B
-
Price/Book
2.16
-
Number of Holdings
400
-
Turnover Ratio
24.64%
-

Top Holdings

(25.3% of assets as of 05/23/17)

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Portfolio Holdings Breakdown

Country 4
Developed Markets 4
Equity Sector 4
Industry 4
Asset Allocation 4
Country Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
United States 99.9% 100.0% -0.1%
Developed Markets Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Americas 99.9% 100.0% -0.1%
Equity Sector Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Consumer Discretionary 17.9% 11.5% 6.3%
Information Technology 17.2% 17.9% -0.7%
Industrials 16.4% 14.7% 1.8%
Health Care 10.5% 9.0% 1.5%
Financials 10.3% 16.2% -5.9%
Materials 9.2% 8.0% 1.2%
Energy 5.8% 3.4% 2.4%
Consumer Staples 5.6% 3.7% 1.8%
Utilities 3.4% 5.5% -2.1%
Real Estate 2.8% 9.8% -6.9%
Telecommunication Services 0.8% 0.3% 0.6%
Industry Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Electronic Equipment Instruments & Components 9.8% 4.8% 4.9%
Health Care Providers & Services 7.2% 2.2% 5.0%
Insurance 6.3% 4.9% 1.4%
Specialty Retail 5.7% 2.0% 3.7%
Oil Gas & Consumable Fuels 4.8% 2.2% 2.6%
Machinery 4.2% 4.9% -0.7%
Chemicals 3.2% 3.5% -0.3%
Food Products 3.0% 2.4% 0.6%
Construction & Engineering 2.9% 1.2% 1.7%
Metals & Mining 2.8% 2.0% 0.8%
Banks 2.7% 7.7% -5.0%
Household Durables 2.6% 1.7% 0.9%
IT Services 2.6% 3.3% -0.7%
Containers & Packaging 2.6% 1.9% 0.7%
Equity Real Estate Investment Trusts (REITs) 2.2% 9.4% -7.1%
Hotels Restaurants & Leisure 2.2% 2.8% -0.7%
Professional Services 1.9% 0.7% 1.2%
Media 1.9% 1.4% 0.5%
Multiline Retail 1.7% 0.3% 1.4%
Food & Staples Retailing 1.6% 0.6% 1.0%
Asset Allocation Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Equity 99.9% 100.0% -0.1%
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  1. 1. Special Risks: An investment in the Fund is subject to investment risk, including the possible loss of principal amount invested. Mid-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 mid-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.
  2. 2. The net expense ratio takes into account contractual fee waivers and/or expense reimbursements, without which performance would have been less. These undertakings may not be amended or withdrawn until December 2, 2017, unless approved by the Board.
  3. 3. Access Index Definitions
  4. 4. Holdings are subject to change, and are dollar weighted based on total new assets.
  5. 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 p.m. ET daily. ↩
  6. 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.
    ↩
  7. C. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
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