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Alternatively Weighted Strategy

Mid Cap Revenue ETF

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

RWK CUSIP: 68386C203

PRICES (as of 10/19/2017)
Closing Price
$57.81
Mid-Point Price
$57.81
Premium/Discount
-0.01%
TICKERS & ISIN
Index Bloomberg Ticker
REVWMT
Reuters Bridge Ticker
RWK.IV
ISIN
US68386C2035
Investment Style
US Mid Cap Revenue Weighted
Fund Inception
February 20, 2008
Total Assets (as of 9/30/2017)
$349 million
Benchmark
S&P 400 Mid Cap Index
Number of Holdings (as of 10/19/17)
402
Expense Ratio (as of 9/30/17)
0.39%
NAV (as of 10/20/17)
  • A
$58.25
performance
analytics
holdings
as of 9/30/2017
  • B
as of 9/30/2017
  • B

Market Price
Market Price
Market Price
Market Price
  • B
Cumulative
Annualized
3 mo ytd as of 10/20/17
1 yr 3 yr 5 yr since inception
Mid Cap Revenue ETF (NAV)
2.32% 8.17% 16.03% 9.40% 14.89% 10.24%
Cumulative
Annualized
3 mo ytd as of 10/20/17
1 yr 3 yr 5 yr since inception
Mid Cap Revenue ETF (Market Price)
2.34% 8.17% 16.13% 9.41% 14.95% 10.24%
Cumulative
Annualized
3 mo ytd as of 10/20/17
1 yr 3 yr 5 yr since inception
Mid Cap Revenue ETF (NAV)
2.32% 8.17% 16.03% 9.40% 14.89% 10.24%
Cumulative
Annualized
3 mo ytd as of 10/20/17
1 yr 3 yr 5 yr since inception
Mid Cap Revenue ETF (Market Price)
2.34% 8.17% 16.13% 9.41% 14.95% 10.24%
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
2009 51.88% 37.38%
2010 23.26% 26.64%
2011 -1.56% -1.73%
2012 15.83% 17.88%
2013 40.60% 33.50%
2014 9.48% 9.77%
2015 -5.79% -2.18%
2016 21.57% 20.74%

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
9/30/2012 0.00 0.00 0.00
10/31/2012 0.60 -0.79 0.90
11/30/2012 3.48 1.39 3.63
12/31/2012 6.40 3.61 6.73
1/31/2013 16.39 11.09 16.81
2/28/2013 17.94 12.18 18.39
3/31/2013 24.13 17.55 24.64
4/30/2013 23.91 18.28 24.49
5/31/2013 29.15 20.96 30.00
6/30/2013 25.97 18.72 26.77
7/31/2013 35.68 26.08 36.58
8/31/2013 30.70 21.35 31.57
9/30/2013 37.51 27.68 38.53
10/31/2013 42.08 32.42 43.27
11/30/2013 44.97 34.17 46.10
12/31/2013 49.59 38.32 50.98
1/31/2014 44.76 35.38 46.13
2/28/2014 51.37 41.99 52.90
3/31/2014 52.85 42.52 54.58
4/30/2014 51.33 40.29 53.13
5/31/2014 54.62 42.78 56.54
6/30/2014 60.33 48.69 62.46
7/31/2014 53.71 42.33 55.77
8/31/2014 61.81 49.57 64.10
9/30/2014 52.83 42.77 54.94
10/31/2014 57.37 47.85 59.71
11/30/2014 61.58 50.59 63.96
12/31/2014 63.78 51.83 66.26
1/31/2015 58.69 50.13 61.14
2/28/2015 69.91 57.82 72.68
3/31/2015 71.54 59.90 74.48
4/30/2015 69.18 57.51 72.15
5/31/2015 71.66 60.31 74.73
6/30/2015 67.75 58.20 70.87
7/31/2015 66.55 58.42 69.65
8/31/2015 59.51 49.58 62.56
9/30/2015 52.33 44.76 55.10
10/31/2015 61.62 52.91 64.66
11/30/2015 62.41 54.98 65.55
12/31/2015 54.30 48.53 57.38
1/31/2016 44.28 40.07 47.10
2/29/2016 49.51 42.05 52.48
3/31/2016 64.04 54.15 67.59
4/30/2016 64.23 56.03 67.87
5/31/2016 64.09 59.64 67.85
6/30/2016 63.75 60.30 67.63
7/31/2016 72.85 67.18 77.03
8/31/2016 72.68 68.02 76.91
9/30/2016 72.51 66.95 76.79
10/31/2016 67.61 62.48 71.93
11/30/2016 84.33 75.49 89.16
12/31/2016 87.58 79.33 92.59
1/31/2017 90.45 82.34 95.57
2/28/2017 92.36 87.12 97.57
3/31/2017 92.57 86.39 97.88
4/30/2017 92.42 87.95 97.77
5/31/2017 90.02 87.04 95.33
6/30/2017 95.61 90.07 101.24
7/31/2017 96.45 91.74 102.18
8/31/2017 93.15 88.80 98.83
9/30/2017 100.16 96.19 106.08

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 10/20/2017

Date 2012 2013 2014 2015 2016
Short Term
Long Term 0.1375 0.2153 0.1693
Total Amount of Distribution 0.1375 0.2153 0.1693
Record Date 12/31/12 12/31/13 12/31/14
Ex Div Date 12/27/12 12/27/13 12/29/14
Pay Date 1/4/13 1/3/14 1/5/15

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

Analytics

(As of 9/30/2017)

Morningstar 9/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
363
Category
Mid-Cap Value
Performance Statistics
3Y
Alpha
-2.77
Beta
1.12
Information Ratio
-0.46
Sharpe Ratio
0.73
Standard Deviation
12.91
Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
10/6/2017
Per Share ($)
$0.16
Net Income
94.96%
Net Profit from Sale
0.00%
Other Capital Sources
5.04%
12-Month Distribution ($)
$0.59
Portfolio Characteristics
Fund
Benchmark
Average Market Cap (weighted)
$4.62 B
-
Price/Book
2.13
-
Price/Sales Ratio
0.46
-
Turnover Ratio
22.23%
-

Top Holdings

(26.5% of assets as of 10/19/17)

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Portfolio Holdings Breakdown

Country 3
Developed Markets 3
Equity Sector 3
Industry 3
Asset Allocation 3
Country Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
United States 100.0% 100.0% 0.0%
Developed Markets Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Americas 100.0% 100.0% 0.0%
Equity Sector Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Consumer Discretionary 18.2% 11.5% 6.7%
Information Technology 17.3% 17.7% -0.4%
Industrials 17.2% 15.6% 1.6%
Financials 9.9% 17.0% -7.2%
Materials 9.2% 7.3% 1.8%
Health Care 8.4% 7.8% 0.6%
Energy 7.2% 3.9% 3.3%
Consumer Staples 5.7% 3.8% 2.0%
Utilities 3.2% 5.6% -2.5%
Real Estate 2.7% 9.6% -6.8%
Telecommunication Services 1.0% 0.2% 0.8%
Industry Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Electronic Equipment Instruments & Components 9.9% 5.4% 4.5%
Specialty Retail 6.9% 1.7% 5.1%
Oil Gas & Consumable Fuels 5.9% 2.5% 3.5%
Insurance 5.9% 4.4% 1.5%
Health Care Providers & Services 5.7% 1.7% 4.0%
Machinery 4.1% 5.2% -1.0%
Metals & Mining 3.5% 2.2% 1.4%
Food Products 3.2% 2.5% 0.7%
Chemicals 3.0% 3.1% -0.1%
Construction & Engineering 3.0% 1.2% 1.8%
IT Services 2.9% 3.4% -0.5%
Household Durables 2.6% 2.0% 0.6%
Banks 2.6% 8.5% -5.9%
Road & Rail 2.2% 1.8% 0.4%
Equity Real Estate Investment Trusts (REITs) 2.1% 9.2% -7.1%
Hotels Restaurants & Leisure 2.1% 2.7% -0.6%
Containers & Packaging 1.9% 1.3% 0.6%
Media 1.8% 1.5% 0.3%
Professional Services 1.8% 0.7% 1.0%
Aerospace & Defense 1.7% 2.0% -0.3%
Asset Allocation Mid Cap Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Equity 99.9% 100.0% -0.1%
Fixed Income 0.1% - -
  1. 1. 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.
  2. 2. Access Index Definitions
  3. 3. Holdings are subject to change, and are dollar weighted based on total new assets.
  4. 4. 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.
  5. 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.
  6. 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.
  7. C. There is no guarantee of the payment of any dividend or other distributions at any level.
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