NEW YORK, September 13, 2018 – OppenheimerFunds, a leading global asset manager, today announced the continued expansion of its ETF offerings with the addition of two new revenue-weighted international and emerging markets focused ultra dividend investment strategies.
Developed in partnership with global index provider FTSE Russell, the new Oppenheimer International Ultra Dividend Revenue ETF (RIDV) and Oppenheimer Emerging Markets Ultra Dividend Revenue ETF (REDV) join the Oppenheimer S&P Ultra Dividend Revenue ETF (RDIV) strategy to extend the firm’s range of equity income ETF solutions for clients across U.S., international developed and emerging markets.
“The continued expansion of our ETF platform is driven by the needs of our clients,” said Sharon French, OppenheimerFunds Head of Beta Solutions. “In a shifting market environment for income generation, we are excited to launch our two newest ETFs, which build off the success of the Oppenheimer S&P Ultra Dividend Revenue (RDIV) ETF* to provide investors with attractive opportunities to generate income outside the U.S.”
- Oppenheimer International Ultra Dividend Revenue ETF (RIDV) seeks to outperform the FTSE Emerging Market Index with an investable universe of emerging market equities with high average one-year trailing dividend yields and an expense ratio of 42 basis points.
- Oppenheimer Emerging Markets Ultra Dividend Revenue ETF (REDV): seeks to outperform the FTSE Emerging Market Index with an investable universe of emerging market equities with high average one-year trailing dividend yields and an expense ratio of 46 basis points.
- Oppenheimer S&P Ultra Dividend Revenue ETF (RDIV) seeks to outperform the S&P 900 Index with an investable universe of U.S. equities with high average one-year trailing dividend yields and has an expense ratio of 39 basis points.
OppenheimerFunds’ suite of Ultra Dividend Revenue ETFs employs a dynamic rules-based investment process to provide greater exposure to high-dividend paying stocks. They offer high income potential by targeting high-yielding securities, increased value orientation through the use of the firm’ s proprietary revenue weighting methodology and greater opportunistic yield.
To learn more about the full suite of OppenheimerFunds Revenue-Weighted ETFs, please click here.
*The Oppenheimer S&P Ultra Dividend Revenue (RDIV) ETF is rated 5 stars overall by Morningstar among 1,319 Large Value funds for the 3-year period ended 6/30/18 based on risk-adjusted performance. Source: Morningstar.
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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 $248 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of August 31, 2018.
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, as a signatory of the UN PRI. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from pensions and endowments 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.
The S&P 900® combines the large-cap S&P 500® and the S&P MidCap 400®. It addresses the needs of investors who want to benchmark or invest in the large and mid-cap segments of the U.S. 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.
The FTSE Emerging Market Index is a market capitalization index, adjusted based on the free-float of potential index constituents, and designed to measure the performance of large-, medium- and small-capitalization companies located in emerging market countries throughout the world.
An investment in ETFs is subject to investment risk, including the possible loss of principal amount invested. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time.
ETF returns may not match the returns of their respective index, known as non-correlation risk, due to operating expenses incurred by the ETF. The alternate weighting approach employed by ETFs, while designed to enhance potential returns, may not produce the desired results. Because ETFs are rebalanced quarterly, portfolio turnover may exceed 100%. The greater the portfolio turnover, the greater the transaction costs, which could have an adverse effect on ETF performance.
The Morningstar Rating™ 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. 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. 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.
Oppenheimer S&P Ultra Dividend Revenue ETF was rated against the following number of ETF Large Value funds over the following time periods: For the 3- year period, the Fund was rated 5 stars among 1099 funds. Ratings do not consider sales charges and are subject to change monthly. Past performance does not guarantee future results.