Spoof Access

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RWK
Oppenheimer

Mid Cap Revenue ETF

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Overview
NAV
  • A
(as of 04/20/2018)
$59.45
Daily Change
(as of 04/20/2018)
$-0.63
-1.05%
YTD
(as of 04/20/2018)
N/A
Expense Ratio
(as of 04/20/2018)
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.

Why Consider a Revenue Weighting Strategy?

A revenue weighting approach may be a more prudent way to access the broad market.

Smart beta revenue img1
Total Assets
(as of 04/20/2018)
$378.00 MM
Number of Holdings
(as of 04/19/2018)
402
Inception Date
February 20, 2008
Investment Style
Alternatively Weighted Strategy
Tracked Index
OFI Revenue Weighted Mid Cap Index™
Industry Benchmark
S&P 400 Mid Cap Index
Bloomberg Index Ticker
REVWMT
Reuters Bridge Ticker
RWK.IV
ISIN
US68386C2035
CUSIP
68386C203
Closing Price
(as of 04/19/2018)
$60.06
Premium/Discount
(as of 04/19/2018)
-0.03%
Midpoint Price
(as of 04/19/2018)
$60.06
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 03/31/2018
  • B
as of 03/31/2018
  • B

Market Price
Market Price
Market Price
Market Price
  • B
Cumulative
Annualized
ytd as of 2018-03-31
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Revenue ETF (NAV)
-2.67% 7.02% 6.31% 10.67% 10.64% 10.03%
S&P 400 Mid Cap Index
-0.77% 10.97% 8.96% 11.97% 10.90% 10.42%
OFI Revenue Weighted Mid Cap Index™
-2.60% 7.37% 6.78% 11.26% 11.35% 10.73%
Cumulative
Annualized
ytd as of 2018-03-31
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Revenue ETF (Market Price)
-2.69% 7.01% 6.31% 10.67% 10.62% 10.03%
S&P 400 Mid Cap Index
-0.77% 10.97% 8.96% 11.97% 10.90% 10.42%
OFI Revenue Weighted Mid Cap Index™
-2.60% 7.37% 6.78% 11.26% 11.35% 10.73%
Cumulative
Annualized
ytd as of 2018-03-31
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Revenue ETF (NAV)
-2.67% 7.02% 6.31% 10.67% 10.64% 10.03%
S&P 400 Mid Cap Index
-0.77% 10.97% 8.96% 11.97% 10.90% 10.42%
OFI Revenue Weighted Mid Cap Index™
-2.60% 7.37% 6.78% 11.26% 11.35% 10.73%
Cumulative
Annualized
ytd as of 2018-03-31
1 yr 3 yr 5 yr 10 yr since inception
Mid Cap Revenue ETF (Market Price)
-2.69% 7.01% 6.31% 10.67% 10.62% 10.03%
S&P 400 Mid Cap Index
-0.77% 10.97% 8.96% 11.97% 10.90% 10.42%
OFI Revenue Weighted Mid Cap Index™
-2.60% 7.37% 6.78% 11.26% 11.35% 10.73%
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 Mid Cap Revenue ETF S&P 400 Mid Cap Index OFI Revenue Weighted Mid Cap Index™
2009 51.88% 37.38% 52.73%
2010 23.26% 26.64% 24.11%
2011 -1.56% -1.73% -0.65%
2012 15.84% 17.88% 16.64%
2013 40.60% 33.50% 41.45%
2014 9.48% 9.77% 10.13%
2015 -5.79% -2.18% -5.35%
2016 21.58% 20.74% 22.37%
2017 12.88% 16.24% 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 Mid Cap Revenue ETF S&P 400 Mid Cap Index OFI Rev Weighted Md Cap Ix
3/31/2008 0.00 0.00 0.00
4/30/2008 6.34 7.71 6.43
5/31/2008 10.85 13.40 11.04
6/30/2008 -0.23 5.43 0.19
7/31/2008 -0.17 3.47 0.29
8/31/2008 2.35 5.24 2.86
9/30/2008 -8.17 -6.03 -7.59
10/31/2008 -30.26 -26.46 -29.67
11/30/2008 -37.95 -33.27 -37.38
12/31/2008 -33.70 -30.04 -32.99
1/31/2009 -37.98 -35.11 -37.26
2/28/2009 -44.58 -41.40 -43.92
3/31/2009 -38.10 -36.09 -37.32
4/30/2009 -25.27 -26.59 -24.34
5/31/2009 -21.69 -24.58 -20.66
6/30/2009 -21.57 -24.11 -20.54
7/31/2009 -13.62 -17.48 -12.43
8/31/2009 -9.41 -13.88 -8.15
9/30/2009 -4.20 -8.95 -2.77
10/31/2009 -10.18 -13.09 -8.84
11/30/2009 -5.79 -9.56 -4.33
12/31/2009 0.70 -3.89 2.34
1/31/2010 -2.73 -6.98 -1.11
2/28/2010 2.75 -2.13 4.51
3/31/2010 10.19 4.85 12.16
4/30/2010 14.37 9.32 16.48
5/31/2010 5.91 1.45 7.94
6/30/2010 -3.48 -5.20 -1.55
7/31/2010 3.26 1.35 5.42
8/31/2010 -2.53 -3.66 -0.46
9/30/2010 8.97 7.24 11.33
10/31/2010 12.47 10.94 14.96
11/30/2010 16.42 14.23 19.06
12/31/2010 24.12 21.72 27.02
1/31/2011 26.94 24.15 29.98
2/28/2011 32.33 29.93 35.53
3/31/2011 36.16 33.11 39.54
4/30/2011 38.60 36.73 42.10
5/31/2011 36.54 34.88 40.04
6/30/2011 33.59 32.14 36.88
7/31/2011 27.51 27.47 30.75
8/31/2011 17.97 18.40 21.04
9/30/2011 4.97 5.87 8.11
10/31/2011 21.35 20.42 25.16
11/30/2011 22.57 20.06 26.58
12/31/2011 22.18 19.61 26.19
1/31/2012 31.56 27.51 35.96
2/29/2012 37.33 33.25 41.97
3/31/2012 39.29 35.75 44.09
4/30/2012 39.04 35.45 43.89
5/31/2012 26.99 26.66 31.48
6/30/2012 29.95 29.06 34.78
7/31/2012 26.92 29.00 31.52
8/31/2012 30.19 33.49 34.91
9/30/2012 33.02 36.08 37.91
10/31/2012 33.81 35.00 39.15
11/30/2012 37.65 37.98 42.91
12/31/2012 41.53 40.99 47.19
1/31/2013 54.82 51.17 61.09
2/28/2013 56.88 52.66 63.26
3/31/2013 65.11 59.96 71.89
4/30/2013 64.82 60.96 71.68
5/31/2013 71.79 64.60 79.27
6/30/2013 67.56 61.56 74.83
7/31/2013 80.48 71.57 88.35
8/31/2013 73.85 65.14 81.45
9/30/2013 82.91 73.75 91.04
10/31/2013 88.99 80.20 97.57
11/30/2013 92.84 82.58 101.48
12/31/2013 98.99 88.22 108.20
1/31/2014 92.56 84.23 101.53
2/28/2014 101.35 93.23 110.86
3/31/2014 103.31 93.94 113.17
4/30/2014 101.29 90.91 111.17
5/31/2014 105.67 94.30 115.88
6/30/2014 113.26 102.34 124.04
7/31/2014 104.46 93.69 114.81
8/31/2014 115.24 103.53 126.30
9/30/2014 103.30 94.28 113.68
10/31/2014 109.33 101.20 120.24
11/30/2014 114.93 104.92 126.12
12/31/2014 117.85 106.61 129.29
1/31/2015 111.09 104.29 122.22
2/28/2015 126.01 114.76 138.13
3/31/2015 128.18 117.59 140.62
4/30/2015 125.04 114.34 137.40
5/31/2015 128.34 118.16 140.96
6/30/2015 123.14 115.28 135.64
7/31/2015 121.54 115.57 133.96
8/31/2015 112.17 103.54 124.18
9/30/2015 102.62 96.99 113.89
10/31/2015 114.98 108.09 127.07
11/30/2015 116.03 110.90 128.31
12/31/2015 105.24 102.12 117.03
1/31/2016 91.92 90.61 102.86
2/29/2016 98.87 93.30 110.28
3/31/2016 118.20 109.77 131.12
4/30/2016 118.45 112.33 131.50
5/31/2016 118.27 117.24 131.47
6/30/2016 117.81 118.14 131.18
7/31/2016 129.93 127.50 144.13
8/31/2016 129.70 128.64 143.97
9/30/2016 129.47 127.18 143.80
10/31/2016 122.95 121.10 137.10
11/30/2016 145.19 138.80 160.86
12/31/2016 149.51 144.03 165.59
1/31/2017 153.34 148.12 169.70
2/28/2017 155.87 154.63 172.46
3/31/2017 156.15 153.65 172.88
4/30/2017 155.95 155.77 172.74
5/31/2017 152.76 154.52 169.38
6/30/2017 160.20 158.64 177.52
7/31/2017 161.31 160.92 178.82
8/31/2017 156.92 156.92 174.20
9/30/2017 166.25 166.98 184.20
10/31/2017 167.94 173.02 186.02
11/30/2017 179.29 183.06 198.21
12/31/2017 181.64 183.67 200.81
1/31/2018 189.26 191.83 209.01
2/28/2018 174.11 178.89 192.87
3/29/2018 174.12

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 04/20/2018

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

(28.0% of assets as of 04/19/2018)

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Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Emerging Markets
Country Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
United States 100.2% 100.0% 0.2%
Net Cash and Equivalents -0.2% - -
Developed Markets Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Americas 100.2% 100.0% 0.2%
Net Cash and Equivalents -0.2% - -
Equity Sector Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Consumer Discretionary 18.1% 12.2% 5.9%
Information Technology 16.6% 17.5% -0.9%
Industrials 16.5% 15.6% 0.8%
Financials 9.7% 16.8% -7.1%
Energy 9.6% 4.8% 4.8%
Materials 9.1% 7.2% 1.8%
Health Care 8.9% 8.2% 0.7%
Consumer Staples 4.6% 3.4% 1.2%
Utilities 3.5% 5.4% -1.9%
Real Estate 2.8% 8.7% -5.9%
Telecommunication Services 0.4% 0.2% 0.2%
Net Cash and Equivalents -0.2% - -
Industry Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Electronic Equipment Instruments & Components 9.6% 4.7% 4.9%
Oil Gas & Consumable Fuels 8.1% 3.2% 4.9%
Specialty Retail 7.4% 2.1% 5.3%
Health Care Providers & Services 6.1% 1.9% 4.2%
Insurance 5.8% 4.5% 1.3%
Machinery 4.1% 5.1% -1.1%
Metals & Mining 3.5% 2.4% 1.0%
Construction & Engineering 3.0% 1.2% 1.7%
Chemicals 2.8% 2.8% 0.0%
IT Services 2.7% 3.7% -1.0%
Food Products 2.5% 2.2% 0.2%
Banks 2.3% 8.1% -5.8%
Hotels Restaurants & Leisure 2.3% 3.0% -0.7%
Road & Rail 2.2% 1.9% 0.3%
Equity Real Estate Investment Trusts (REITs) 2.2% 8.2% -6.1%
Containers & Packaging 2.0% 1.3% 0.8%
Household Durables 1.9% 1.6% 0.3%
Media 1.7% 1.5% 0.3%
Professional Services 1.7% 0.7% 1.0%
Commercial Services & Supplies 1.6% 2.1% -0.5%
Asset Allocation Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Equity 99.8% 100.0% -0.2%
Net Cash and Equivalents -0.2% - -
Emerging Markets Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Net Cash and Equivalents -0.2% - -
Analytics
(As of 03/31/2018)

Morningstar 03/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
361
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-3.13
-2.22
Beta
1.09
1.11
Information Ratio
-0.74
-0.37
R-Squared
92.76
93.41
Sharpe Ratio
0.50
0.84
Standard Deviation
11.21
11.08
Upside Capture
92.99
101.50
Downside Capture
110.33
114.11
Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
3/20/2018
Per Share ($)
$0.1053
12-Month Distribution ($)
$0.5542
Portfolio Characteristics
Fund
Industry Benchmark
Average Market Cap (weighted)
$4.84 B
$5.77 B
Median Market Cap (weighted)
$4.35 B
$5.18 B
P/E Ratio (LTM)
17.56
21.73
P/E Ratio (NTM)
13.74
17.41
Price/Book
2.02
2.54
Price/Sales Ratio
1.02
1.88
Price/Cash Flow Ratio
-
-
Turnover Ratio
-
-
Distribution Sources
  • C
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Documents
  1. 1. Index Reconstitution -- March 12, 2018
    Indices are rebalanced and reconstituted on a quarterly basis. The next reconstitution will be implemented after the close of trading on March 16, 2018, as set forth in the link below.
    Access Index Reconstitution.
  2. 2. Special Risks: 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.
  3. 3. Access Index Definitions
  4. 4. Holdings are subject to change, and are dollar weighted based on total net assets.
  5. 5. 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.
  6. 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.
  7. 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.
  8. C. There is no guarantee of the payment of any dividend or other distributions at any level.
  9. The funds invest in below-investment-grade debt securities, which may entail greater credit risks, as described in each fund’s prospectus. These securities (sometimes called “junk bonds”) may be subject to greater price fluctuations and risks of loss of income and principal than investment-grade municipal securities. The funds may invest substantially in municipal securities within a single state or related to similar type projects, which can increase volatility and exposure to regional issues. The funds may also invest substantially in Puerto Rico and other U.S. territories, commonwealths and possessions, and could be exposed to their local political and economic conditions. Deterioration of the Puerto Rican economy could have an adverse impact on Puerto Rican bonds and the performance of the Rochester municipal funds that hold them.The views represented herein are the opinions of the Portfolio Managers at Macquarie Capital Investment Management LLC and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the date indicated, and are subject to change based on subsequent developments.Funds returns may not match the return of its respective index, known as non-correlation risk, due to operating expenses incurred by the Funds. The alternate weighting approach employed by the Funds (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. Because the Funds 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 Fund performanceOn April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.On April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.

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