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RWW
Oppenheimer

S&P Financials Revenue ETF

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Overview
NAV
  • B
(as of 01/16/2019)
$61.93
Daily Change
(as of 01/16/2019)
$1.32
2.18%
YTD
(as of 01/16/2019)
7.22%
Expense Ratio
(as of 01/16/2019)
0.45%

The strategy provides access to the same securities as the S&P 500 Financials (Sector) Index, weighted by top line revenue instead of market capitalization.

Why RWW?
1. Targeted exposure to U.S. financial companies.
2. Greater exposure to lower valuation companes than the market-cap benchmark.
3. Consider when you want focused exposure to the Financials sector.

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 01/16/2019)
$40.30 MM
Number of Holdings
(as of 01/16/2019)
69
Inception Date
November 10, 2008
Investment Style
Alternatively Weighted Strategy
Tracked Index
S&P 500 Financials Sector Revenue-Weighted Index™
Bloomberg Index Ticker
REVWFINT
Broad Benchmark
S&P 500 Financials (Sector) Index
Reuters Bridge Ticker
RWW.IV
ISIN
US68386C8073
CUSIP
68386C807
Closing Price
(as of 01/16/2019)
$61.99
Midpoint Price
(as of 01/16/2019)
$61.90
Premium/Discount
(as of 01/16/2019)
-0.06%
Premium/Discount Analysis
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Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 12/31/2018
  • C
as of 12/31/2018
  • C

Market Price
Market Price
Market Price
Market Price
  • C
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P Financials Revenue ETF (NAV)
-14.71% -14.71% 7.97% 6.41% 11.50% 10.45%
S&P 500 Financials (Sector) Index
-13.03% -13.03% 9.28% 8.16% 10.92% 9.90%
S&P 500 Financials Sector Revenue-Weighted Index™
-14.41% -14.41% 8.37% 6.89% 12.05% 11.01%
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P Financials Revenue ETF (Market Price)
-14.89% -14.89% 8.00% 6.37% 11.44% 10.43%
S&P 500 Financials (Sector) Index
-13.03% -13.03% 9.28% 8.16% 10.92% 9.90%
S&P 500 Financials Sector Revenue-Weighted Index™
-14.41% -14.41% 8.37% 6.89% 12.05% 11.01%
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P Financials Revenue ETF (NAV)
-14.71% -14.71% 7.97% 6.41% 11.50% 10.45%
S&P 500 Financials (Sector) Index
-13.03% -13.03% 9.28% 8.16% 10.92% 9.90%
S&P 500 Financials Sector Revenue-Weighted Index™
-14.41% -14.41% 8.37% 6.89% 12.05% 11.01%
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P Financials Revenue ETF (Market Price)
-14.89% -14.89% 8.00% 6.37% 11.44% 10.43%
S&P 500 Financials (Sector) Index
-13.03% -13.03% 9.28% 8.16% 10.92% 9.90%
S&P 500 Financials Sector Revenue-Weighted Index™
-14.41% -14.41% 8.37% 6.89% 12.05% 11.01%
Expense Ratio: 0.45%

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 Financials Revenue ETF S&P 500 Financials (Sector) Index S&P 500 Financials Sector Revenue-Weighted Index™
2009 26.86% 17.22% 27.58%
2010 17.12% 12.13% 17.73%
2011 -23.94% -17.06% -23.53%
2012 35.39% 28.82% 36.11%
2013 42.26% 35.63% 42.98%
2014 13.02% 15.20% 13.62%
2015 -4.06% -1.53% -3.53%
2016 22.22% 22.80% 22.73%
2017 20.74% 22.18% 21.17%
2018 -14.71% -13.03% -14.41%

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.


Date S&P Financials Revenue ETF S&P 500 Financials (Sector) Index OFI Rev Weighted Fin Sector Ix
12/31/2008 0.00 0.00 0.00
1/31/2009 -23.88 -26.31 -23.76
2/28/2009 -39.91 -39.65 -39.87
3/31/2009 -26.62 -28.82 -26.48
4/30/2009 -9.22 -12.91 -8.98
5/31/2009 5.76 -1.34 6.10
6/30/2009 2.46 -3.41 2.86
7/31/2009 11.53 5.15 11.97
8/31/2009 30.25 18.82 30.77
9/30/2009 33.60 21.24 34.17
10/31/2009 24.46 13.99 25.04
11/30/2009 28.64 19.06 29.31
12/31/2009 26.86 17.22 27.58
1/31/2010 25.62 15.59 26.42
2/28/2010 30.45 19.65 31.25
3/31/2010 45.33 30.29 46.31
4/30/2010 49.22 32.05 50.26
5/31/2010 35.11 19.95 36.14
6/30/2010 25.88 12.92 26.89
7/31/2010 34.83 20.45 35.94
8/31/2010 22.37 11.05 23.44
9/30/2010 30.91 17.81 32.09
10/31/2010 32.35 19.50 33.61
11/30/2010 30.50 18.70 31.79
12/31/2010 48.58 31.44 50.21
1/31/2011 51.20 35.16 52.91
2/28/2011 55.13 39.02 56.89
3/31/2011 50.13 35.44 51.91
4/30/2011 49.18 35.45 51.00
5/31/2011 42.87 31.08 44.67
6/30/2011 38.98 27.42 40.82
7/31/2011 32.25 22.81 34.05
8/31/2011 18.56 11.07 20.23
9/30/2011 3.97 -1.63 5.52
10/31/2011 19.55 12.46 21.38
11/30/2011 12.13 7.12 13.88
12/31/2011 13.01 9.01 14.86
1/31/2012 25.01 17.87 27.07
2/29/2012 33.27 23.75 35.52
3/31/2012 43.90 33.05 46.40
4/30/2012 39.28 29.90 41.77
5/31/2012 24.18 18.02 26.44
6/30/2012 30.72 23.96 33.16
7/31/2012 29.30 24.18 31.78
8/31/2012 35.93 28.17 38.58
9/30/2012 42.00 32.58 44.82
10/31/2012 46.50 35.14 49.48
11/30/2012 44.93 34.06 47.95
12/31/2012 53.00 40.43 56.34
1/31/2013 63.56 48.81 67.17
2/28/2013 65.42 50.68 69.11
3/31/2013 72.58 56.46 76.55
4/30/2013 76.95 60.83 81.07
5/31/2013 90.68 70.62 95.25
6/30/2013 88.34 67.81 92.88
7/31/2013 99.84 76.86 104.75
8/31/2013 90.40 67.98 95.15
9/30/2013 95.91 72.62 100.91
10/31/2013 102.17 78.27 107.39
11/30/2013 113.42 86.42 119.03
12/31/2013 117.66 90.46 123.53
1/31/2014 107.06 83.57 112.70
2/28/2014 113.33 89.33 119.26
3/31/2014 120.55 95.43 126.77
4/30/2014 117.51 92.43 123.72
5/31/2014 119.49 95.20 125.87
6/30/2014 124.95 99.93 131.61
7/31/2014 120.73 97.04 127.36
8/31/2014 131.72 105.39 138.80
9/30/2014 131.24 104.58 138.40
10/31/2014 136.62 110.65 144.13
11/30/2014 141.37 115.50 149.09
12/31/2014 146.00 119.41 153.97
1/31/2015 124.49 104.27 131.88
2/28/2015 139.43 116.23 147.43
3/31/2015 137.43 114.91 145.50
4/30/2015 139.06 115.30 147.32
5/31/2015 143.70 119.25 152.20
6/30/2015 144.24 118.60 152.88
7/31/2015 151.73 125.41 160.77
8/31/2015 133.56 110.18 142.00
9/30/2015 125.14 103.91 133.41
10/31/2015 139.42 116.65 148.30
11/30/2015 143.35 120.75 152.51
12/31/2015 136.00 116.06 145.01
1/31/2016 114.90 96.93 123.08
2/29/2016 108.29 91.15 116.28
3/31/2016 123.18 105.14 131.85
4/30/2016 132.36 112.11 141.53
5/31/2016 136.22 116.42 145.55
6/30/2016 125.97 109.48 134.95
7/31/2016 133.65 116.91 143.02
8/31/2016 145.38 125.22 155.38
9/30/2016 140.11 119.09 149.92
10/31/2016 145.26 124.12 155.38
11/30/2016 178.31 155.36 189.98
12/31/2016 188.46 165.32 200.70
1/31/2017 189.21 165.94 201.63
2/28/2017 203.73 179.77 216.87
3/31/2017 195.92 172.02 208.86
4/30/2017 193.36 169.73 206.30
5/31/2017 191.10 166.45 204.04
6/30/2017 207.62 183.58 221.42
7/31/2017 214.18 188.47 228.41
8/31/2017 208.54 183.83 222.33
9/30/2017 222.69 198.43 237.30
10/31/2017 232.53 207.19 247.67
11/30/2017 242.78 217.95 258.47
12/31/2017 248.25 224.17 264.34
1/31/2018 267.39 245.17 284.51
2/28/2018 253.87 235.56 270.43
3/31/2018 240.46 221.08 256.50
4/30/2018 239.44 219.89 255.59
5/31/2018 233.81 217.01 249.80
6/30/2018 226.81 210.93 242.59
7/31/2018 245.10 227.32 261.94
8/31/2018 249.38 231.85 266.58
9/30/2018 244.99 224.48 262.07
10/31/2018 225.81 209.11 241.97
11/30/2018 234.04 217.77 250.86
12/31/2018 195.43 181.93 211.85

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 01/17/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term
Total Amount of Distribution
Record Date
Ex Div Date
Pay Date

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

Portfolio

Top Holdings

(76.9% of assets as of 01/16/2019)

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Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Country S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
United States 99.9% 100.0% -0.1%
Net Cash and Equivalents 0.1% - -
Developed Markets S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Americas 99.9% 100.0% -0.1%
Net Cash and Equivalents 0.1% - -
Emerging Markets S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Net Cash and Equivalents 0.1% - -
Equity Sector S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Financials 99.8% 100.0% -0.2%
Net Cash and Equivalents 0.1% - -
Industry S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Banks 34.5% 43.7% -9.2%
Insurance 30.1% 17.5% 12.6%
Capital Markets 14.7% 20.8% -6.1%
Diversified Financial Services 14.6% 13.1% 1.6%
Consumer Finance 5.9% 4.9% 1.0%
Net Cash and Equivalents 0.1% - -
Asset Allocation S&P Financials Revenue ETF S&P 500 Financials (Sector) Index Overweight / Underweight
Equity 99.8% 100.0% -0.2%
Net Cash and Equivalents 0.1% - -
Analytics
(As of 12/31/2018)

Morningstar 12/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
96
Category
Financial
Performance Statistics
3Y
5Y
Alpha
-1.09
-1.73
Beta
0.98
1.02
Information Ratio
-0.71
-0.90
R-Squared
98.76
98.39
Sharpe Ratio
0.48
0.44
Standard Deviation
16.30
15.09
Upside Capture
97.10
98.61
Downside Capture
102.37
107.82
Yields
Standardized Yield
2.00%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$161.58 B
$171.38 B
Median Market Cap (weighted)
$63.96 B
$74.17 B
P/E Ratio (LTM)
11.03
11.82
P/E Ratio (NTM)
9.50
10.41
Price/Book
1.12
1.30
Price/Sales Ratio
1.51
2.07
Price/Cash Flow Ratio
6.98%
8.72%
Turnover Ratio
7.97%
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Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
12/28/2018
Per Share ($)
$0.3071
12-Month Distribution ($)
$1.1941
Distribution Sources
  • D
Net Income
95.00%
Net Profit from Sale
0.00%
Other Capital Sources
5.00%
Documents
  1. 1. Prior to 6/5/18, the Fund's name was Oppenheimer Financials Sector Revenue ETF.
  2. 2. Access historical premium/discount information
  3. 3. The S&P 500 Financials Sector 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"); S&P Financials 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 500 Financials Sector Revenue-Weighted Index.
  4. 4. An investment in the Fund is subject to investment risk, including the possible loss of principal amount invested. Securities issued by companies in the financial services sector may be susceptible to economic and regulatory events, and increased volatility. 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. The Fund is classified as a “non-diversified” fund and may invest a greater portion of its assets in the securities of a single issuer. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk.
  5. 5. The Closing Price is the price of the last reported trade on the Fund's primary exchange.
  6. 6. The S&P 500® Financials Index measures the performance of all those companies held in the S&P 500 index classified as a financial(sector) company using the Global Industry Classification Standard (GICS) system. 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. Holdings are subject to change, and are dollar weighted based on total net assets.
  8. 8. 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.
  9. 9. 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).
  10. 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>
  11. 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.
  12. 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.
  13. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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