NEW YORK, November 10, 2017 – OppenheimerFunds, a leading global asset manager, today announced the continued expansion of its Beta Solutions product offering with the launch of a suite of eight new ETFs – including two Multi-Factor and six Single-Factor products – in partnership with global index provider FTSE Russell.

The new offerings are led by two dynamic Multi-Factor ETFs, which combine the diversification benefits of multiple factors with the expertise of OppenheimerFunds Global Multi-Asset Group’s (GMAG) research to cyclically adjust factor exposure to different macroeconomic environments in a single packaged solution.

In addition to the Multi-Factor ETFs, the Single-Factor products offer precision exposure to well-established and time-tested investment styles including value, momentum, quality, size, yield and low volatility.

Sharon French, Head of Beta Solutions at OppenheimerFunds, stated, “Our continued focus on building an innovative, market-leading ETF platform with a diversified product set of investment solutions across a variety of markets, geographies and factors remains driven by the needs of our clients. With the addition of our new factor-based products, led by our dynamic Multi-Factor ETFs, we are giving clients the next generation tools they need to help produce compelling investment results in any market environment.”

“Our new Single and Multi-Factor ETFs are an exciting and significant addition to our rapidly expanding suite of smart beta products,” said Art Steinmetz, Chairman and CEO, OppenheimerFunds. “We believe the combination of GMAG’s regime-based insights and FTSE Russell’s proven methodology is a unique differentiator that will provide our clients with a broad array of options to meet their investment needs.”

Multi-Factor ETFs

  • Oppenheimer Russell 1000 Dynamic Multifactor ETF (OMFL): gives investors access to a selection of companies in the Russell 1000 Index through exposure to a subset of the low volatility, momentum, quality, size and value factors. An emphasis on each factor is informed by the economic environment and overall market conditions. The fund has an expense ratio of 29 basis points.
  • Oppenheimer Russell 2000 Dynamic Multifactor ETF (OMFS): gives investors access to a selection of companies in the Russell 2000 Index through exposure to a subset of the low volatility, momentum, quality, size and value factors. An emphasis on each factor is informed by the economic environment and overall market conditions. The fund has an expense ratio of 39 basis points.

Single-Factor ETFs

  • Oppenheimer Russell 1000 Momentum Factor ETF (OMOM): gives investors access to a selection of companies in the Russell 1000 Index that exhibit greater price momentum relative to the broader U.S. equity market. The fund has an expense ratio of 19 basis points.
  • Oppenheimer Russell 1000 Value Factor ETF (OVLU): gives investors access to a selection of companies in the Russell 1000 Index that exhibit lower valuations relative to the broader U.S. equity market. The fund has an expense ratio of 19 basis points.
  • Oppenheimer Russell 1000 Low Volatility Factor ETF (OVOL): gives investors access to a selection of companies in the Russell 1000 Index that exhibit lower volatility characteristics relative to the broader U.S. equity market. The fund has an expense ratio of 19 basis points.
  • Oppenheimer Russell 1000 Size Factor ETF (OSIZ): gives investors access to a selection of companies in the Russell 1000 Index with smaller market capitalizations than the broader U.S. equity market. The fund has an expense ratio of 19 basis points.
  • Oppenheimer Russell 1000 Quality Factor ETF (OQAL): gives investors access to a selection of companies in the Russell 1000 Index that exhibit greater quality characteristics such as return on assets, accruals and leverage relative to the broader U.S. equity market. The fund has an expense ratio of 19 basis points.
  • Oppenheimer Russell 1000 Yield Factor ETF (OYLD): gives investors access to a selection of companies in the Russell 1000 Index with higher yields than the broader U.S. equity market. The fund has an expense ratio of 19 basis points.

The new offerings build on the firm’s existing suite of Oppenheimer Revenue Weighted ETFs which include solutions in the environmental, social and governance (ESG) space, and also broaden the firm’s overall investment platform, which includes actively managed equity, fixed- income, alternative and multi-asset solutions. The full suite of Oppenheimer revenue-weighted ETFs includes:

OppenheimerFunds has steadily expanded its Beta Solutions team to support the growth of the business, adding Frank Vallario as Head of Equity Index Strategies; David Mazza as Head of ETF Investment Strategy; Mo Haghbin as Head of Product, Beta Solutions; Alex Depetris as Chief Operating Officer for Beta Solutions, Michael Eschmann as Head of Capital Markets for Beta Solutions and Ed Nini as Head of ETF Investment Marketing.

About OppenheimerFunds

OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $246 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of October 31, 2017.

Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm’s 16 investment management teams specialize in equity, fixed income, alternative, multi-asset, and factor and revenue-weighted-ETF strategies, including ESG. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs.

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