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RWK
Oppenheimer

S&P MidCap 400 Revenue ETF

Overview
NAV
  • A
(as of 10/19/2018)
$58.17
Daily Change
(as of 10/19/2018)
$-0.43
-0.73%
YTD
(as of 10/19/2018)
-3.38%
Expense Ratio
(as of 10/19/2018)
0.39%

The strategy provides access to the same securities as the S&P MidCap 400 Index, weighted by top line revenue instead of market capitalization.

Why RWK?
1. Broad exposure to the S&P 400 universe.
2. Greater exposure to lower valuation companies than the market-cap benchmark.
3. Consider for mid-cap exposure at the core of your portfolio.

Total Assets
(as of 10/19/2018)
$355.00 MM
Number of Holdings
(as of 10/19/2018)
399
Inception Date
February 20, 2008
Investment Style
Alternatively Weighted Strategy
Tracked Index
S&P MidCap 400 Revenue-Weighted Index™
Bloomberg Index Ticker
REVWMT
Broad Benchmark
S&P 400 Mid Cap Index
Style Benchmark
S&P Midcap 400 Value Index
Reuters Bridge Ticker
RWK.IV
ISIN
US68386C2035
CUSIP
68386C203
Closing Price
(as of 10/19/2018)
$58.23
Midpoint Price
(as of 10/19/2018)
$58.21
Premium/Discount
(as of 10/19/2018)
0.07%
Premium/Discount Analysis
×
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 09/30/2018
  • B
as of 09/30/2018
  • B

Market Price
Market Price
Market Price
Market Price
  • B
Cumulative
Annualized
ytd as of 2018-09-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (NAV)
4.32% 10.37% 13.19% 9.94% 12.33% 10.25%
S&P 400 Mid Cap Index
7.49% 14.21% 15.68% 11.91% 12.49% 10.73%
S&P Midcap 400 Value Index
6.04% 11.72% 15.49% 11.28% 11.65% 10.09%
S&P MidCap 400 Revenue-Weighted Index™
4.62% 10.74% 13.74% 10.50% 13.04% 10.95%
Cumulative
Annualized
ytd as of 2018-09-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (Market Price)
4.25% 10.28% 13.19% 9.93% 12.32% 10.25%
S&P 400 Mid Cap Index
7.49% 14.21% 15.68% 11.91% 12.49% 10.73%
S&P Midcap 400 Value Index
6.04% 11.72% 15.49% 11.28% 11.65% 10.09%
S&P MidCap 400 Revenue-Weighted Index™
4.62% 10.74% 13.74% 10.50% 13.04% 10.95%
Cumulative
Annualized
ytd as of 2018-09-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (NAV)
4.32% 10.37% 13.19% 9.94% 12.33% 10.25%
S&P 400 Mid Cap Index
7.49% 14.21% 15.68% 11.91% 12.49% 10.73%
S&P Midcap 400 Value Index
6.04% 11.72% 15.49% 11.28% 11.65% 10.09%
S&P MidCap 400 Revenue-Weighted Index™
4.62% 10.74% 13.74% 10.50% 13.04% 10.95%
Cumulative
Annualized
ytd as of 2018-09-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (Market Price)
4.25% 10.28% 13.19% 9.93% 12.32% 10.25%
S&P 400 Mid Cap Index
7.49% 14.21% 15.68% 11.91% 12.49% 10.73%
S&P Midcap 400 Value Index
6.04% 11.72% 15.49% 11.28% 11.65% 10.09%
S&P MidCap 400 Revenue-Weighted Index™
4.62% 10.74% 13.74% 10.50% 13.04% 10.95%
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 MidCap 400 Revenue ETF S&P 400 Mid Cap Index S&P Midcap 400 Value Index S&P MidCap 400 Revenue-Weighted Index™
2009 51.88% 37.38% 33.73% 52.73%
2010 23.26% 26.64% 22.78% 24.11%
2011 -1.56% -1.73% -2.43% -0.65%
2012 15.84% 17.88% 18.53% 16.64%
2013 40.60% 33.50% 34.25% 41.45%
2014 9.48% 9.77% 12.10% 10.13%
2015 -5.79% -2.18% -6.65% -5.35%
2016 21.58% 20.74% 26.53% 22.37%
2017 12.88% 16.24% 12.32% 13.26%

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 MidCap 400 Revenue ETF S&P 400 Mid Cap Index OFI Rev Weighted Md Cap Ix
9/30/2008 0.00 0.00 0.00
10/31/2008 -24.05 -21.74 -23.89
11/30/2008 -32.43 -28.99 -32.24
12/31/2008 -27.80 -25.55 -27.49
1/31/2009 -32.46 -30.95 -32.10
2/28/2009 -39.64 -37.64 -39.31
3/31/2009 -32.59 -32.00 -32.17
4/30/2009 -18.62 -21.88 -18.12
5/31/2009 -14.73 -19.75 -14.14
6/30/2009 -14.59 -19.25 -14.01
7/31/2009 -5.94 -12.19 -5.24
8/31/2009 -1.35 -8.35 -0.60
9/30/2009 4.32 -3.11 5.22
10/31/2009 -2.18 -7.51 -1.35
11/30/2009 2.59 -3.76 3.53
12/31/2009 9.66 2.28 10.75
1/31/2010 5.92 -1.01 7.01
2/28/2010 11.89 4.15 13.10
3/31/2010 20.00 11.58 21.38
4/30/2010 24.55 16.33 26.05
5/31/2010 15.33 7.96 16.81
6/30/2010 5.11 0.88 6.54
7/31/2010 12.45 7.85 14.08
8/31/2010 6.14 2.52 7.72
9/30/2010 18.66 14.12 20.48
10/31/2010 22.47 18.05 24.41
11/30/2010 26.78 21.56 28.85
12/31/2010 35.16 29.52 37.45
1/31/2011 38.24 32.11 40.66
2/28/2011 44.11 38.26 46.67
3/31/2011 48.28 41.65 51.00
4/30/2011 50.94 45.50 53.78
5/31/2011 48.69 43.54 51.55
6/30/2011 45.47 40.61 48.13
7/31/2011 38.86 35.65 41.49
8/31/2011 28.47 26.00 30.99
9/30/2011 14.31 12.66 16.99
10/31/2011 32.15 28.15 35.45
11/30/2011 33.48 27.76 36.98
12/31/2011 33.05 27.28 36.56
1/31/2012 43.27 35.69 47.13
2/29/2012 49.55 41.79 53.64
3/31/2012 51.68 44.46 55.93
4/30/2012 51.41 44.13 55.71
5/31/2012 38.29 34.79 42.29
6/30/2012 41.51 37.34 45.85
7/31/2012 38.21 37.28 42.33
8/31/2012 41.77 42.06 46.00
9/30/2012 44.85 44.81 49.24
10/31/2012 45.72 43.66 50.59
11/30/2012 49.90 46.83 54.65
12/31/2012 54.12 50.04 59.28
1/31/2013 68.59 60.87 74.32
2/28/2013 70.85 62.45 76.68
3/31/2013 79.81 70.22 86.02
4/30/2013 79.49 71.29 85.79
5/31/2013 87.08 75.16 94.00
6/30/2013 82.47 71.92 89.19
7/31/2013 96.54 82.58 103.83
8/31/2013 89.32 75.73 96.36
9/30/2013 99.19 84.89 106.74
10/31/2013 105.81 91.76 113.81
11/30/2013 110.00 94.30 118.04
12/31/2013 116.69 100.30 125.31
1/31/2014 109.70 96.05 118.09
2/28/2014 119.27 105.62 128.19
3/31/2014 121.41 106.38 130.69
4/30/2014 119.21 103.16 128.52
5/31/2014 123.97 106.76 133.62
6/30/2014 132.24 115.32 142.45
7/31/2014 122.65 106.11 132.47
8/31/2014 134.39 116.59 144.90
9/30/2014 121.39 106.74 131.23
10/31/2014 127.96 114.11 138.34
11/30/2014 134.06 118.07 144.70
12/31/2014 137.24 119.86 148.13
1/31/2015 129.88 117.40 140.48
2/28/2015 146.13 128.53 157.70
3/31/2015 148.48 131.55 160.40
4/30/2015 145.07 128.10 156.91
5/31/2015 148.66 132.15 160.76
6/30/2015 143.00 129.09 155.00
7/31/2015 141.26 129.40 153.18
8/31/2015 131.05 116.60 142.60
9/30/2015 120.65 109.63 131.46
10/31/2015 134.12 121.44 145.73
11/30/2015 135.25 124.43 147.07
12/31/2015 123.51 115.08 134.87
1/31/2016 108.99 102.84 119.54
2/29/2016 116.57 105.70 127.56
3/31/2016 137.62 123.22 150.11
4/30/2016 137.89 125.95 150.52
5/31/2016 137.69 131.18 150.49
6/30/2016 137.19 132.14 150.17
7/31/2016 150.39 142.10 164.20
8/31/2016 150.14 143.30 164.02
9/30/2016 149.89 141.76 163.84
10/31/2016 142.79 135.29 156.58
11/30/2016 167.01 154.12 182.30
12/31/2016 171.71 159.69 187.41
1/31/2017 175.88 164.04 191.86
2/28/2017 178.64 170.97 194.85
3/31/2017 178.95 169.92 195.31
4/30/2017 178.72 172.17 195.15
5/31/2017 175.25 170.85 191.51
6/30/2017 183.35 175.24 200.32
7/31/2017 184.56 177.66 201.73
8/31/2017 179.78 173.40 196.73
9/30/2017 189.94 184.10 207.55
10/31/2017 191.78 190.53 209.52
11/30/2017 204.14 201.21 222.71
12/31/2017 206.70 201.87 225.53
1/31/2018 215.00 210.55 234.40
2/28/2018 198.51 196.78 216.93
3/31/2018 198.51 199.54 217.08
4/30/2018 194.87 198.76 213.27
5/31/2018 208.80 211.09 228.20
6/30/2018 210.21 212.40 229.89
7/31/2018 220.11 217.91 240.50
8/31/2018 226.67 228.07 247.62
9/30/2018 219.15 224.47 240.57

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 10/21/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 0.2153 0.1693
Total Amount of Distribution 0.2153 0.1693
Record Date 12/31/13 12/31/14
Ex Div Date 12/27/13 12/29/14
Pay Date 1/3/14 1/5/15

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

Portfolio

Top Holdings

(28.3% of assets as of 10/19/2018)

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Portfolio Holdings Breakdown

Country
Equity Sector
Industry
Asset Allocation
Market Cap 10
Country S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
United States 100.0% 100.0% 0.0%
Equity Sector S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Consumer Discretionary 17.0% 11.6% 5.3%
Industrials 16.4% 14.3% 2.2%
Information Technology 16.3% 15.6% 0.7%
Financials 10.3% 16.0% -5.7%
Materials 9.1% 6.7% 2.4%
Energy 9.0% 5.4% 3.6%
Health Care 7.8% 10.1% -2.4%
Consumer Staples 4.8% 3.6% 1.2%
Real Estate 3.5% 9.2% -5.8%
Utilities 3.2% 5.1% -1.9%
Communication Services 2.6% 2.3% 0.3%
Industry S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Electronic Equipment Instruments & Components 10.3% 4.5% 5.8%
Oil Gas & Consumable Fuels 7.2% 3.4% 3.8%
Specialty Retail 6.3% 2.2% 4.2%
Insurance 5.8% 4.7% 1.1%
Health Care Providers & Services 4.7% 2.3% 2.3%
Machinery 4.1% 5.0% -0.9%
Metals & Mining 3.7% 2.2% 1.5%
Construction & Engineering 3.0% 1.1% 1.9%
Hotels Restaurants & Leisure 2.8% 4.0% -1.1%
Chemicals 2.7% 2.6% 0.1%
Food Products 2.6% 2.3% 0.2%
Banks 2.5% 7.5% -5.1%
IT Services 2.4% 3.5% -1.1%
Road & Rail 2.3% 1.7% 0.6%
Auto Components 2.1% 0.9% 1.2%
Equity Real Estate Investment Trusts (REITs) 2.1% 8.7% -6.6%
Containers & Packaging 2.0% 1.3% 0.7%
Energy Equipment & Services 1.8% 2.0% -0.2%
Household Durables 1.8% 1.3% 0.5%
Food & Staples Retailing 1.7% 0.6% 1.1%
Asset Allocation S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Equity 99.8% 100.0% -0.2%
Market Cap S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Mid 58.9% 74.7% -15.8%
Small 41.0% 25.3% 15.7%
Analytics
(As of 09/28/2018)

Morningstar 09/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
373
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-3.94
-2.76
Beta
1.14
1.10
Information Ratio
-0.69
-0.58
R-Squared
92.60
92.87
Sharpe Ratio
1.00
0.80
Standard Deviation
12.24
12.06
Upside Capture
96.95
99.97
Downside Capture
120.63
118.28
Yields
Standardized Yield
0.92%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$4.90 B
$5.96 B
Median Market Cap (weighted)
$4.37 B
$5.31 B
P/E Ratio (LTM)
14.49
19.99
P/E Ratio (NTM)
12.61
17.22
Price/Book
2.02
2.64
Price/Sales Ratio
0.42
2.04
Price/Cash Flow Ratio
10.31%
-
Turnover Ratio
33.78%
-
Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
9/27/2018
Per Share ($)
$0.1625
12-Month Distribution ($)
$0.7522
Distribution Sources
  • C
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. Prior to 6/5/18, the Fund's name was Oppenheimer Mid Cap Revenue ETF.
  2. 2. Access historical premium/discount information
  3. 3. The S&P MidCap 400 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 MidCap 400 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 MidCap 400 Revenue-Weighted Index.
  4. 4. 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.
  5. 5. The Closing Price is the price of the last reported trade on the Fund's primary exchange.
  6. 6. The S&P MidCap 400® Index measures the performance of mid-sized US companies, reflecting the distinctive risk and return characteristics of this market segment. It comprises stocks in the middle capitalization range, covering approximately 7% of the of US equity market. 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.
  7. 7. The S&P MidCap 400 Revenue-Weighted Index is constructed by re-weighting the constituent securities of the S&P Mid Cap 400 by revenue earned, subject to certain asset diversification requirements. The S&P MidCap 400 Revenue Weighted Index generally contains the same securities as the S&P MidCap 400, but in different proportions.
     Past performance does not guarantee future results.
  8. 8. Holdings are subject to change, and are dollar weighted based on total net assets.
  9. 9. 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.
  10. 10. 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.
  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. 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.
  13. 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.
  14. C. There is no guarantee of the payment of any dividend or other distributions at any level.
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