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RWL
Oppenheimer

S&P 500 Revenue ETF

Overview
NAV
  • B
(as of 05/23/2019)
$51.18
Daily Change
(as of 05/23/2019)
$-0.69
-1.33%
YTD
(as of 05/23/2019)
10.53%
Expense Ratio
(as of 05/23/2019)
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.

Total Assets
(as of 05/23/2019)
$929.00 MM
Number of Holdings
(as of 05/23/2019)
507
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 05/23/2019)
$51.15
Midpoint Price
(as of 05/23/2019)
$51.17
Premium/Discount
(as of 05/23/2019)
-0.02%
Premium/Discount Analysis
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Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2019
  • C
as of 03/31/2019
  • C

Market Price
Market Price
Market Price
Market Price
  • C
Cumulative
Annualized
ytd as of 2019-03-31
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (NAV)
11.50% 5.78% 10.78% 8.89% 15.94% 8.56%
S&P 500 Index
13.65% 9.50% 13.51% 10.91% 15.92% 9.23%
S&P 500 Value Index
12.19% 5.93% 10.62% 8.05% 14.49% 6.95%
S&P 500 Revenue-Weighted Index™
11.64% 6.19% 11.25% 9.31% 16.46% 9.08%
Cumulative
Annualized
ytd as of 2019-03-31
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (Market Price)
11.42% 5.64% 10.73% 8.88% 15.98% 8.55%
S&P 500 Index
13.65% 9.50% 13.51% 10.91% 15.92% 9.23%
S&P 500 Value Index
12.19% 5.93% 10.62% 8.05% 14.49% 6.95%
S&P 500 Revenue-Weighted Index™
11.64% 6.19% 11.25% 9.31% 16.46% 9.08%
Cumulative
Annualized
ytd as of 2019-04-30
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (NAV)
15.45% 7.98% 11.92% 9.39% 14.77% 8.83%
S&P 500 Index
18.25% 13.49% 14.87% 11.63% 15.32% 9.55%
S&P 500 Value Index
16.82% 9.75% 11.34% 8.66% 13.75% 7.29%
S&P 500 Revenue-Weighted Index™
15.63% 8.39% 12.40% 9.81% 15.29% 9.35%
Cumulative
Annualized
ytd as of 2019-04-30
1 yr 3 yr 5 yr 10 yr since inception
S&P 500 Revenue ETF (Market Price)
15.32% 7.92% 11.87% 9.37% 14.77% 8.82%
S&P 500 Index
18.25% 13.49% 14.87% 11.63% 15.32% 9.55%
S&P 500 Value Index
16.82% 9.75% 11.34% 8.66% 13.75% 7.29%
S&P 500 Revenue-Weighted Index™
15.63% 8.39% 12.40% 9.81% 15.29% 9.35%
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
4/30/2009 0.00 0.00 0.00
5/31/2009 5.18 5.59 5.25
6/30/2009 3.87 5.80 3.74
7/31/2009 13.02 13.81 12.95
8/31/2009 18.16 17.91 18.20
9/30/2009 22.30 22.31 22.43
10/31/2009 19.54 20.04 19.70
11/30/2009 26.40 27.24 26.57
12/31/2009 29.28 29.70 29.56
1/31/2010 26.38 25.03 26.73
2/28/2010 30.80 28.91 31.18
3/31/2010 39.44 36.69 39.93
4/30/2010 42.22 38.84 42.79
5/31/2010 31.33 27.76 31.88
6/30/2010 22.79 21.07 23.35
7/31/2010 31.24 29.55 31.91
8/31/2010 24.32 23.70 24.98
9/30/2010 35.94 34.74 36.78
10/31/2010 40.33 39.87 41.25
11/30/2010 41.04 39.89 41.98
12/31/2010 51.18 49.24 52.34
1/31/2011 55.27 52.77 56.48
2/28/2011 60.46 58.01 61.80
3/31/2011 61.04 58.07 62.42
4/30/2011 65.83 62.75 67.31
5/31/2011 63.70 60.91 65.25
6/30/2011 60.81 58.23 62.43
7/31/2011 55.31 55.01 56.96
8/31/2011 46.27 46.59 47.89
9/30/2011 35.29 36.29 36.88
10/31/2011 51.66 51.18 53.39
11/30/2011 50.75 50.85 52.59
12/31/2011 51.75 52.39 53.69
1/31/2012 59.19 59.22 61.30
2/29/2012 65.84 66.10 68.08
3/31/2012 70.47 71.57 72.90
4/30/2012 68.19 70.49 70.69
5/31/2012 58.11 60.25 60.50
6/30/2012 64.98 66.85 67.56
7/31/2012 66.37 69.17 69.00
8/31/2012 70.91 72.98 73.73
9/30/2012 75.78 77.45 78.80
10/31/2012 74.96 74.17 77.98
11/30/2012 75.82 75.18 78.95
12/31/2012 79.19 76.78 82.52
1/31/2013 90.43 85.93 94.02
2/28/2013 93.89 88.46 97.65
3/31/2013 102.93 95.52 106.92
4/30/2013 105.75 99.29 109.94
5/31/2013 112.09 103.95 116.47
6/30/2013 109.49 101.21 113.97
7/31/2013 121.02 111.45 125.89
8/31/2013 114.31 105.33 119.11
9/30/2013 120.28 111.77 125.30
10/31/2013 131.49 121.50 136.89
11/30/2013 140.71 128.25 146.46
12/31/2013 146.70 134.03 152.65
1/31/2014 136.35 125.94 142.16
2/28/2014 146.09 136.28 152.30
3/31/2014 150.22 138.26 156.68
4/30/2014 153.25 140.02 159.92
5/31/2014 158.06 145.66 164.98
6/30/2014 161.52 150.73 168.70
7/31/2014 158.05 147.27 165.37
8/31/2014 168.61 157.17 176.34
9/30/2014 163.09 153.56 170.81
10/31/2014 169.23 159.75 177.22
11/30/2014 178.32 166.74 186.53
12/31/2014 179.64 166.07 187.95
1/31/2015 171.19 158.08 179.31
2/28/2015 187.27 172.91 195.97
3/31/2015 184.17 168.60 193.10
4/30/2015 185.04 171.17 194.16
5/31/2015 188.08 174.66 197.10
6/30/2015 182.21 169.34 190.88
7/31/2015 185.14 174.99 194.09
8/31/2015 168.09 158.39 176.58
9/30/2015 161.44 152.00 169.55
10/31/2015 179.31 173.26 188.02
11/30/2015 180.08 174.07 188.83
12/31/2015 176.27 169.75 184.72
1/31/2016 161.28 156.36 169.44
2/29/2016 163.45 156.02 171.81
3/31/2016 181.80 173.38 190.97
4/30/2016 182.96 174.44 192.28
5/31/2016 185.63 179.37 195.14
6/30/2016 186.62 180.10 196.28
7/31/2016 196.16 190.42 206.30
8/31/2016 196.23 190.83 206.53
9/30/2016 194.88 190.89 205.26
10/31/2016 188.75 185.58 199.07
11/30/2016 205.29 196.16 216.31
12/31/2016 210.07 202.01 221.34
1/31/2017 214.20 207.74 225.77
2/28/2017 226.04 219.96 238.13
3/31/2017 224.40 220.33 236.49
4/30/2017 226.42 223.62 238.72
5/31/2017 229.86 228.17 242.40
6/30/2017 232.37 230.22 245.15
7/31/2017 238.31 237.01 251.63
8/31/2017 234.85 238.04 248.14
9/30/2017 244.42 245.02 258.13
10/31/2017 248.58 253.07 262.58
11/30/2017 264.97 263.90 279.76
12/31/2017 271.73 267.94 286.94
1/31/2018 292.18 289.01 308.42
2/28/2018 271.58 274.67 287.05
3/31/2018 262.13 265.15 277.30
4/30/2018 267.37 266.55 282.88
5/31/2018 269.12 275.38 284.82
6/30/2018 270.56 277.69 286.43
7/31/2018 284.08 291.74 300.70
8/31/2018 296.07 304.51 313.42
9/30/2018 297.65 306.81 315.19
10/31/2018 275.25 279.01 291.83
11/30/2018 282.00 286.73 299.08
12/31/2018 243.58 251.81 258.91
1/31/2019 274.32 280.00 291.19
2/28/2019 282.89 292.21 300.25
3/31/2019 283.12 299.83 300.67
4/30/2019 296.70 316.02 315.02

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 05/24/2019

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

(33.0% of assets as of 05/23/2019)

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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 99.8% 100.0% -0.2%
Net Cash and Equivalents 0.2% - -
Developed Markets S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Americas 99.8% 100.0% -0.2%
Net Cash and Equivalents 0.2% - -
Emerging Markets S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Net Cash and Equivalents 0.2% - -
Equity Sector S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Health Care 16.2% 14.2% 2.0%
Financials 13.8% 13.1% 0.7%
Consumer Discretionary 13.1% 10.2% 2.9%
Consumer Staples 13.0% 7.5% 5.5%
Industrials 11.5% 9.3% 2.1%
Information Technology 10.3% 21.0% -10.7%
Energy 8.2% 5.0% 3.1%
Communication Services 7.3% 10.4% -3.2%
Materials 2.8% 2.6% 0.2%
Utilities 2.7% 3.4% -0.7%
Real Estate 0.9% 3.1% -2.2%
Net Cash and Equivalents 0.2% - -
Industry S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Health Care Providers & Services 11.2% 2.7% 8.5%
Food & Staples Retailing 8.2% 1.5% 6.7%
Oil Gas & Consumable Fuels 7.4% 4.6% 2.8%
Banks 4.5% 5.5% -1.0%
Insurance 4.2% 2.5% 1.7%
Technology Hardware Storage & Peripherals 3.3% 3.8% -0.5%
Specialty Retail 3.2% 2.3% 0.9%
Aerospace & Defense 3.1% 2.6% 0.4%
Diversified Telecommunication Services 2.8% 2.1% 0.7%
Automobiles 2.7% 0.4% 2.3%
Internet & Direct Marketing Retail 2.4% 3.7% -1.3%
IT Services 2.3% 5.1% -2.8%
Food Products 2.1% 1.2% 0.9%
Pharmaceuticals 2.1% 4.7% -2.6%
Diversified Financial Services 2.1% 1.7% 0.4%
Capital Markets 2.0% 2.7% -0.7%
Software 1.9% 6.7% -4.8%
Semiconductors & Semiconductor Equipment 1.9% 3.5% -1.7%
Machinery 1.9% 1.5% 0.4%
Media 1.9% 1.5% 0.5%
Asset Allocation S&P 500 Revenue ETF S&P 500 Index Overweight / Underweight
Equity 99.7% 100.0% -0.3%
Net Cash and Equivalents 0.2% - -
Analytics
(As of 04/30/2019)

Morningstar 04/30/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
1114
Category
Large Value
Performance Statistics
3Y
5Y
Alpha
-3.06
-2.02
Beta
1.04
1.00
Information Ratio
-0.96
-0.84
R-Squared
93.28
94.68
Sharpe Ratio
0.91
0.76
Standard Deviation
11.68
11.59
Upside Capture
90.78
90.73
Downside Capture
106.92
100.99
Yields
Standardized Yield
1.94%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$168.92 B
$246.40 B
Median Market Cap (weighted)
$66.24 B
$116.53 B
P/E Ratio (LTM)
15.41
19.55
P/E Ratio (NTM)
13.57
17.16
Price/Book
2.48
3.41
Price/Sales Ratio
0.75
2.23
Price/Cash Flow Ratio
10.16%
13.38%
Turnover Ratio
14.96%
-
Dividends
  • D
Last Pay Date
3/21/2019
Per Share ($)
$0.2329
12-Month Distribution ($)
$0.9761
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.

    The S&P 500® Revenue-Weighted Index is constructed by re-weighting the constituent securities of the S&P 500® Index according to revenue earned, subject to certain asset diversification requirements. The S&P 500 Revenue-Weighted Index generally contains the same securities as the S&P 500, but in different proportions.

     Past performance does not guarantee future results.
  8. 8. The S&P 500® Index is a capitalization-weighted index of 500 stocks intended to be a representative sample of leading companies in leading industries within the U.S. economy. The index is unmanaged, includes the reinvestment of dividends and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  9. 9. Holdings are subject to change, and are dollar weighted based on total net assets.
  10. 10. 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.
  11. 11. 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).
  12. 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>
  13. 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.
  14. 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.
  15. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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