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RWK
Oppenheimer

S&P MidCap 400 Revenue ETF

Overview
NAV
  • B
(as of 05/23/2019)
$56.91
Daily Change
(as of 05/23/2019)
$-1.27
-2.18%
YTD
(as of 05/23/2019)
11.18%
Expense Ratio
(as of 05/23/2019)
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 05/23/2019)
$339.00 MM
Number of Holdings
(as of 05/23/2019)
395
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 MidCap 400 Index
Style Benchmark
S&P MidCap 400 Value Index
Reuters Bridge Ticker
RWK.IV
ISIN
US68386C2035
CUSIP
68386C203
Closing Price
(as of 05/23/2019)
$56.94
Midpoint Price
(as of 05/23/2019)
$56.92
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 MidCap 400 Revenue ETF (NAV)
15.93% 1.84% 8.56% 6.55% 16.26% 9.27%
S&P MidCap 400 Index
14.49% 2.59% 11.24% 8.29% 16.28% 9.69%
S&P MidCap 400 Value Index
14.02% 3.60% 10.32% 7.52% 15.80% 9.09%
S&P MidCap 400 Revenue-Weighted Index™
16.06% 2.22% 9.02% 7.04% 16.93% 9.94%
Cumulative
Annualized
ytd as of 2019-03-31
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (Market Price)
15.95% 1.78% 8.55% 6.55% 16.26% 9.26%
S&P MidCap 400 Index
14.49% 2.59% 11.24% 8.29% 16.28% 9.69%
S&P MidCap 400 Value Index
14.02% 3.60% 10.32% 7.52% 15.80% 9.09%
S&P MidCap 400 Revenue-Weighted Index™
16.06% 2.22% 9.02% 7.04% 16.93% 9.94%
Cumulative
Annualized
ytd as of 2019-04-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (NAV)
21.91% 8.43% 10.36% 7.84% 14.66% 9.69%
S&P MidCap 400 Index
19.09% 6.99% 12.26% 9.49% 15.13% 10.00%
S&P MidCap 400 Value Index
19.46% 7.83% 11.41% 8.58% 14.65% 9.47%
S&P MidCap 400 Revenue-Weighted Index™
22.10% 8.84% 10.82% 8.33% 15.33% 10.36%
Cumulative
Annualized
ytd as of 2019-04-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (Market Price)
21.95% 8.43% 10.36% 7.86% 14.63% 9.68%
S&P MidCap 400 Index
19.09% 6.99% 12.26% 9.49% 15.13% 10.00%
S&P MidCap 400 Value Index
19.46% 7.83% 11.41% 8.58% 14.65% 9.47%
S&P MidCap 400 Revenue-Weighted Index™
22.10% 8.84% 10.82% 8.33% 15.33% 10.36%
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 MidCap 400 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%
2018 -14.50% -11.08% -11.88% -14.21%

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
4/30/2009 0.00 0.00 0.00
5/31/2009 4.79 2.74 4.85
6/30/2009 4.96 3.38 5.02
7/31/2009 15.59 12.41 15.73
8/31/2009 21.23 17.32 21.39
9/30/2009 28.20 24.03 28.50
10/31/2009 20.20 18.40 20.48
11/30/2009 26.07 23.20 26.44
12/31/2009 34.75 30.93 35.25
1/31/2010 30.16 26.72 30.69
2/28/2010 37.50 33.32 38.13
3/31/2010 47.46 42.83 48.24
4/30/2010 53.05 48.92 53.94
5/31/2010 41.73 38.20 42.65
6/30/2010 29.17 29.14 30.12
7/31/2010 38.19 38.07 39.33
8/31/2010 30.44 31.24 31.56
9/30/2010 45.82 46.08 47.13
10/31/2010 50.50 51.12 51.94
11/30/2010 55.79 55.61 57.36
12/31/2010 66.10 65.81 67.87
1/31/2011 69.87 69.12 71.78
2/28/2011 77.09 76.99 79.12
3/31/2011 82.21 81.33 84.42
4/30/2011 85.48 86.25 87.80
5/31/2011 82.72 83.75 85.09
6/30/2011 78.77 80.01 80.90
7/31/2011 70.63 73.65 72.80
8/31/2011 57.87 61.29 59.97
9/30/2011 40.47 44.22 42.88
10/31/2011 62.39 64.04 65.42
11/30/2011 64.03 63.55 67.29
12/31/2011 63.50 62.94 66.78
1/31/2012 76.05 73.70 79.68
2/29/2012 83.78 81.51 87.63
3/31/2012 86.40 84.93 90.43
4/30/2012 86.06 84.51 90.17
5/31/2012 69.94 72.55 73.77
6/30/2012 73.90 75.81 78.13
7/31/2012 69.84 75.73 73.82
8/31/2012 74.22 81.85 78.30
9/30/2012 78.01 85.38 82.26
10/31/2012 79.07 83.90 83.91
11/30/2012 84.21 87.96 88.87
12/31/2012 89.39 92.07 94.53
1/31/2013 107.18 105.93 112.90
2/28/2013 109.95 107.96 115.77
3/31/2013 120.96 117.90 127.17
4/30/2013 120.57 119.27 126.90
5/31/2013 129.89 124.22 136.93
6/30/2013 124.23 120.09 131.05
7/31/2013 141.52 133.72 148.93
8/31/2013 132.65 124.96 139.80
9/30/2013 144.77 136.69 152.49
10/31/2013 152.91 145.48 161.12
11/30/2013 158.06 148.73 166.29
12/31/2013 166.29 156.41 175.17
1/31/2014 157.69 150.96 166.34
2/28/2014 169.45 163.22 178.68
3/31/2014 172.08 164.19 181.74
4/30/2014 169.37 160.07 179.09
5/31/2014 175.23 164.68 185.31
6/30/2014 185.39 175.63 196.10
7/31/2014 173.61 163.85 183.90
8/31/2014 188.04 177.26 199.09
9/30/2014 172.05 164.65 182.40
10/31/2014 180.13 174.09 191.08
11/30/2014 187.63 179.15 198.84
12/31/2014 191.54 181.46 203.03
1/31/2015 182.49 178.30 193.69
2/28/2015 202.46 192.55 214.72
3/31/2015 205.35 196.41 218.02
4/30/2015 201.15 191.99 213.76
5/31/2015 205.57 197.18 218.46
6/30/2015 198.61 193.26 211.42
7/31/2015 196.47 193.67 209.20
8/31/2015 183.93 177.28 196.28
9/30/2015 171.15 168.35 182.68
10/31/2015 187.70 183.47 200.11
11/30/2015 189.09 187.31 201.74
12/31/2015 174.66 175.33 186.83
1/31/2016 156.83 159.66 168.11
2/29/2016 166.14 163.33 177.91
3/31/2016 192.00 185.75 205.46
4/30/2016 192.33 189.25 205.96
5/31/2016 192.09 195.94 205.92
6/30/2016 191.48 197.17 205.53
7/31/2016 207.69 209.92 222.65
8/31/2016 207.38 211.46 222.44
9/30/2016 207.08 209.48 222.22
10/31/2016 198.36 201.20 213.35
11/30/2016 228.12 225.31 244.77
12/31/2016 233.90 232.43 251.01
1/31/2017 239.02 238.01 256.44
2/28/2017 242.42 246.87 260.09
3/31/2017 242.79 245.53 260.65
4/30/2017 242.51 248.42 260.46
5/31/2017 238.25 246.72 256.02
6/30/2017 248.20 252.34 266.77
7/31/2017 249.69 255.44 268.49
8/31/2017 243.81 249.99 262.39
9/30/2017 256.30 263.69 275.60
10/31/2017 258.56 271.92 278.01
11/30/2017 273.75 285.59 294.12
12/31/2017 276.90 286.43 297.56
1/31/2018 287.09 297.54 308.39
2/28/2018 266.82 279.92 287.06
3/31/2018 266.83 283.45 287.23
4/30/2018 262.35 282.45 282.59
5/31/2018 279.48 298.24 300.82
6/30/2018 281.20 299.91 302.89
7/31/2018 293.38 306.97 315.84
8/31/2018 301.43 319.97 324.54
9/30/2018 293.19 315.36 315.93
10/31/2018 258.39 275.72 279.14
11/30/2018 268.53 287.45 289.98
12/31/2018 222.27 243.60 241.05
1/31/2019 263.63 279.55 284.99
2/28/2019 279.22 295.64 301.65
3/31/2019 273.62 293.38 295.84
4/30/2019 292.88 309.20 316.41

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 0.1693
Total Amount of Distribution 0.1693
Record Date 12/31/14
Ex Div Date 12/29/14
Pay Date 1/5/15

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

Portfolio

Top Holdings

(29.3% 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 MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
United States 99.9% 100.0% -0.1%
Net Cash and Equivalents 0.1% - -
Developed Markets S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Americas 99.9% 100.0% -0.1%
Net Cash and Equivalents 0.1% - -
Emerging Markets S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Net Cash and Equivalents 0.1% - -
Equity Sector S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Industrials 19.0% 15.3% 3.7%
Consumer Discretionary 18.8% 12.2% 6.7%
Information Technology 16.1% 15.2% 0.8%
Financials 10.5% 17.1% -6.6%
Materials 8.3% 6.5% 1.8%
Energy 8.3% 3.3% 5.1%
Health Care 6.6% 9.4% -2.8%
Consumer Staples 3.6% 2.8% 0.8%
Real Estate 3.4% 10.7% -7.3%
Utilities 2.6% 4.9% -2.3%
Communication Services 2.4% 2.6% -0.2%
Net Cash and Equivalents 0.1% - -
Industry S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Electronic Equipment Instruments & Components 9.9% 3.9% 6.0%
Oil Gas & Consumable Fuels 7.2% 2.3% 4.9%
Specialty Retail 6.4% 2.0% 4.3%
Insurance 5.8% 5.4% 0.4%
Machinery 4.0% 5.0% -0.9%
Health Care Providers & Services 3.9% 2.3% 1.6%
Hotels Restaurants & Leisure 3.6% 4.3% -0.6%
Construction & Engineering 3.3% 1.1% 2.1%
Metals & Mining 3.3% 1.8% 1.5%
Auto Components 3.3% 1.0% 2.4%
IT Services 3.0% 3.2% -0.2%
Banks 2.5% 7.3% -4.8%
Chemicals 2.5% 2.6% -0.1%
Road & Rail 2.4% 1.7% 0.7%
Household Durables 2.2% 1.7% 0.5%
Equity Real Estate Investment Trusts (REITs) 2.2% 10.3% -8.1%
Professional Services 2.2% 0.8% 1.5%
Food Products 2.1% 1.7% 0.4%
Containers & Packaging 1.9% 1.5% 0.4%
Capital Markets 1.4% 3.3% -1.8%
Asset Allocation S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Equity 99.7% 100.0% -0.3%
Net Cash and Equivalents 0.1% - -
Analytics
(As of 04/30/2019)

Morningstar 04/30/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
357
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-2.60
-2.22
Beta
1.10
1.10
Information Ratio
-0.52
-0.46
R-Squared
95.23
95.10
Sharpe Ratio
0.63
0.52
Standard Deviation
15.42
15.12
Upside Capture
98.92
102.02
Downside Capture
112.59
114.49
Yields
Standardized Yield
1.07%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$4.83 B
$5.76 B
Median Market Cap (weighted)
$4.46 B
$5.21 B
P/E Ratio (LTM)
13.78
18.38
P/E Ratio (NTM)
12.57
17.23
Price/Book
1.91
2.50
Price/Sales Ratio
0.38
1.30
Price/Cash Flow Ratio
9.83%
12.73%
Turnover Ratio
33.78%
-
Dividends
  • D
Last Pay Date
3/21/2019
Per Share ($)
$0.0986
12-Month Distribution ($)
$0.6199
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® provides investors with a benchmark for mid-sized companies. The index, which is distinct from the large-cap S&P 500®, measures the performance of mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment.

     Past performance does not guarantee future results.
  8. 8. 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.
  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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