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RWK
Oppenheimer

S&P MidCap 400 Revenue ETF

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Overview
NAV
  • B
(as of 03/22/2019)
$57.96
Daily Change
(as of 03/22/2019)
$-2.02
-3.36%
YTD
(as of 03/22/2019)
13.24%
Expense Ratio
(as of 03/22/2019)
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 03/22/2019)
$351.00 MM
Number of Holdings
(as of 03/22/2019)
400
Inception Date
February 20, 2008
Investment Style
Alternatively Weighted Strategy
Tracked Index
S&P MidCap 400 Revenue-Weighted Index™
Bloomberg Index Ticker
REVWMT
Broad Benchmark
S&P MidCap 400 Index
Style Benchmark
S&P MidCap 400 Value Index
Reuters Bridge Ticker
RWK.IV
ISIN
US68386C2035
CUSIP
68386C203
Closing Price
(as of 03/22/2019)
$57.92
Midpoint Price
(as of 03/22/2019)
$57.97
Premium/Discount
(as of 03/22/2019)
0.01%
Premium/Discount Analysis
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Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 02/28/2019
  • 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 MidCap 400 Revenue ETF (NAV)
-14.50% -14.50% 5.47% 3.89% 13.77% 8.01%
S&P MidCap 400 Index
-11.08% -11.08% 7.66% 6.03% 13.68% 8.56%
S&P MidCap 400 Value Index
-11.88% -11.88% 7.79% 5.56% 12.82% 7.99%
S&P MidCap 400 Revenue-Weighted Index™
-14.21% -14.21% 5.94% 4.39% 14.44% 8.67%
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (Market Price)
-14.59% -14.59% 5.43% 3.84% 13.84% 8.00%
S&P MidCap 400 Index
-11.08% -11.08% 7.66% 6.03% 13.68% 8.56%
S&P MidCap 400 Value Index
-11.88% -11.88% 7.79% 5.56% 12.82% 7.99%
S&P MidCap 400 Revenue-Weighted Index™
-14.21% -14.21% 5.94% 4.39% 14.44% 8.67%
Cumulative
Annualized
ytd as of 2019-02-28
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (NAV)
17.68% 3.40% 12.53% 7.08% 17.73% 9.49%
S&P MidCap 400 Index
15.14% 4.14% 14.53% 8.49% 17.36% 9.82%
S&P MidCap 400 Value Index
16.10% 6.36% 14.61% 8.18% 16.94% 9.34%
S&P MidCap 400 Revenue-Weighted Index™
17.77% 3.77% 13.06% 7.58% 18.41% 10.16%
Cumulative
Annualized
ytd as of 2019-02-28
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (Market Price)
17.75% 3.36% 12.55% 7.08% 17.69% 9.49%
S&P MidCap 400 Index
15.14% 4.14% 14.53% 8.49% 17.36% 9.82%
S&P MidCap 400 Value Index
16.10% 6.36% 14.61% 8.18% 16.94% 9.34%
S&P MidCap 400 Revenue-Weighted Index™
17.77% 3.77% 13.06% 7.58% 18.41% 10.16%
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 S&P MidCap 400 Revenue ETF S&P MidCap 400 Index S&P MidCap 400 Value Index S&P MidCap 400 Revenue-Weighted Index™
2009 51.88% 37.38% 33.73% 52.73%
2010 23.26% 26.64% 22.78% 24.11%
2011 -1.56% -1.73% -2.43% -0.65%
2012 15.84% 17.88% 18.53% 16.64%
2013 40.60% 33.50% 34.25% 41.45%
2014 9.48% 9.77% 12.10% 10.13%
2015 -5.79% -2.18% -6.65% -5.35%
2016 21.58% 20.74% 26.53% 22.37%
2017 12.88% 16.24% 12.32% 13.26%
2018 -14.50% -11.08% -11.88% -14.21%

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 MidCap 400 Revenue ETF S&P 400 Mid Cap Index OFI Rev Weighted Md Cap Ix
2/28/2009 0.00 0.00 0.00
3/31/2009 11.69 9.05 11.76
4/30/2009 34.83 25.26 34.92
5/31/2009 41.29 28.69 41.47
6/30/2009 41.51 29.49 41.69
7/31/2009 55.85 40.81 56.14
8/31/2009 63.45 46.96 63.79
9/30/2009 72.85 55.36 73.37
10/31/2009 62.07 48.31 62.55
11/30/2009 69.98 54.32 70.60
12/31/2009 81.69 64.00 82.48
1/31/2010 75.50 58.73 76.33
2/28/2010 85.39 67.00 86.36
3/31/2010 98.82 78.92 100.01
4/30/2010 106.36 86.54 107.70
5/31/2010 91.09 73.12 92.47
6/30/2010 74.16 61.77 75.55
7/31/2010 86.31 72.94 87.98
8/31/2010 75.87 64.40 77.50
9/30/2010 96.61 82.99 98.51
10/31/2010 102.92 89.30 105.00
11/30/2010 110.05 94.92 112.31
12/31/2010 123.95 107.70 126.49
1/31/2011 129.04 111.85 131.77
2/28/2011 138.76 121.71 141.67
3/31/2011 145.68 127.14 148.82
4/30/2011 150.08 133.31 153.39
5/31/2011 146.35 130.17 149.72
6/30/2011 141.03 125.48 144.07
7/31/2011 130.06 117.51 133.14
8/31/2011 112.85 102.04 115.84
9/30/2011 89.40 80.65 92.78
10/31/2011 118.95 105.48 123.18
11/30/2011 121.16 104.87 125.71
12/31/2011 120.45 104.10 125.02
1/31/2012 137.37 117.58 142.43
2/29/2012 147.79 127.37 153.15
3/31/2012 151.32 131.64 156.94
4/30/2012 150.86 131.12 156.57
5/31/2012 129.13 116.14 134.45
6/30/2012 134.46 120.23 140.33
7/31/2012 129.00 120.13 134.52
8/31/2012 134.89 127.79 140.57
9/30/2012 140.00 132.21 145.91
10/31/2012 141.44 130.36 148.13
11/30/2012 148.37 135.44 154.83
12/31/2012 155.36 140.59 162.46
1/31/2013 179.34 157.96 187.24
2/28/2013 183.07 160.49 191.12
3/31/2013 197.92 172.95 206.51
4/30/2013 197.39 174.66 206.14
5/31/2013 209.96 180.87 219.67
6/30/2013 202.33 175.68 211.74
7/31/2013 225.64 192.76 235.86
8/31/2013 213.68 181.79 223.54
9/30/2013 230.03 196.48 240.66
10/31/2013 240.99 207.49 252.30
11/30/2013 247.94 211.56 259.28
12/31/2013 259.03 221.18 271.26
1/31/2014 247.44 214.36 259.35
2/28/2014 263.30 229.72 276.00
3/31/2014 266.84 230.94 280.12
4/30/2014 263.19 225.77 276.55
5/31/2014 271.09 231.55 284.94
6/30/2014 284.79 245.26 299.49
7/31/2014 268.91 230.51 283.04
8/31/2014 288.36 247.31 303.53
9/30/2014 266.81 231.51 281.02
10/31/2014 277.69 243.33 292.73
11/30/2014 287.80 249.68 303.20
12/31/2014 293.07 252.56 308.86
1/31/2015 280.87 248.60 296.25
2/28/2015 307.80 266.46 324.62
3/31/2015 311.70 271.29 329.07
4/30/2015 306.04 265.76 323.33
5/31/2015 311.99 272.26 329.66
6/30/2015 302.62 267.35 320.18
7/31/2015 299.73 267.85 317.18
8/31/2015 282.82 247.33 299.74
9/30/2015 265.59 236.14 281.39
10/31/2015 287.90 255.08 304.90
11/30/2015 289.78 259.89 307.11
12/31/2015 270.32 244.89 287.00
1/31/2016 246.28 225.26 261.74
2/29/2016 258.83 229.85 274.96
3/31/2016 293.70 257.94 312.12
4/30/2016 294.15 262.32 312.80
5/31/2016 293.82 270.70 312.74
6/30/2016 293.00 272.24 312.22
7/31/2016 314.85 288.21 335.33
8/31/2016 314.44 290.15 335.03
9/30/2016 314.03 287.66 334.74
10/31/2016 302.27 277.29 322.78
11/30/2016 342.40 307.50 365.16
12/31/2016 350.19 316.41 373.58
1/31/2017 357.10 323.40 380.92
2/28/2017 361.68 334.50 385.84
3/31/2017 362.17 332.82 386.59
4/30/2017 361.81 336.44 386.33
5/31/2017 356.05 334.32 380.34
6/30/2017 369.48 341.35 394.85
7/31/2017 371.48 345.24 397.17
8/31/2017 363.56 338.40 388.94
9/30/2017 380.40 355.57 406.76
10/31/2017 383.44 365.88 410.02
11/30/2017 403.92 383.00 431.75
12/31/2017 408.16 384.06 436.39
1/31/2018 421.91 397.97 451.00
2/28/2018 394.58 375.90 422.23
3/31/2018 394.60 380.32 422.46
4/30/2018 388.55 379.07 416.20
5/31/2018 411.65 398.84 440.79
6/30/2018 413.97 400.94 443.58
7/31/2018 430.38 409.78 461.05
8/31/2018 441.24 426.06 472.80
9/30/2018 430.14 420.30 461.18
10/31/2018 383.21 370.63 411.53
11/30/2018 396.88 385.33 426.17
12/31/2018 334.52 330.41 360.15
1/31/2019 390.28 375.43 419.44
2/28/2019 411.30 395.58 441.91

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 03/25/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term 0.1693
Total Amount of Distribution 0.1693
Record Date 12/31/14
Ex Div Date 12/29/14
Pay Date 1/5/15

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

Portfolio

Top Holdings

(29.1% of assets as of 03/22/2019)

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Portfolio Holdings Breakdown

Country
Equity Sector
Industry
Asset Allocation
Market Cap 9
Country S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
United States 100.0% 100.0% 0.0%
Equity Sector S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Industrials 18.7% 15.0% 3.6%
Consumer Discretionary 18.0% 11.7% 6.3%
Information Technology 16.3% 16.4% -0.2%
Financials 9.7% 15.9% -6.2%
Energy 9.0% 3.8% 5.2%
Materials 8.9% 6.9% 2.0%
Health Care 7.3% 9.8% -2.5%
Consumer Staples 3.6% 2.9% 0.7%
Real Estate 3.5% 10.2% -6.6%
Utilities 2.6% 4.7% -2.2%
Communication Services 2.4% 2.6% -0.2%
Industry S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Electronic Equipment Instruments & Components 10.3% 4.2% 6.0%
Oil Gas & Consumable Fuels 7.7% 2.6% 5.1%
Specialty Retail 6.1% 2.0% 4.1%
Insurance 5.3% 4.7% 0.7%
Health Care Providers & Services 4.5% 2.5% 2.0%
Machinery 4.0% 4.9% -1.0%
Metals & Mining 3.7% 2.0% 1.7%
Hotels Restaurants & Leisure 3.5% 4.1% -0.6%
Construction & Engineering 3.3% 1.2% 2.1%
Auto Components 3.2% 1.0% 2.2%
Chemicals 2.6% 2.8% -0.2%
Road & Rail 2.5% 1.8% 0.7%
IT Services 2.3% 2.8% -0.5%
Banks 2.3% 7.0% -4.7%
Food Products 2.1% 1.8% 0.3%
Equity Real Estate Investment Trusts (REITs) 2.1% 9.7% -7.6%
Professional Services 2.0% 0.8% 1.3%
Containers & Packaging 1.9% 1.4% 0.5%
Household Durables 1.9% 1.5% 0.4%
Commercial Services & Supplies 1.6% 1.5% 0.2%
Asset Allocation S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Equity 99.9% 100.0% -0.1%
Market Cap S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Mid 63.9% 78.4% -14.5%
Small 36.0% 21.6% 14.4%
Analytics
(As of 02/28/2019)

Morningstar 02/28/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
356
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-2.88
-1.88
Beta
1.10
1.09
Information Ratio
-0.55
-0.40
R-Squared
95.57
95.00
Sharpe Ratio
0.74
0.48
Standard Deviation
16.00
14.98
Upside Capture
97.51
101.63
Downside Capture
110.11
112.11
Yields
Standardized Yield
1.10%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$4.56 B
$5.48 B
Median Market Cap (weighted)
$4.17 B
$5.05 B
P/E Ratio (LTM)
13.10
17.85
P/E Ratio (NTM)
11.89
16.40
Price/Book
1.93
2.47
Price/Sales Ratio
0.36
1.27
Price/Cash Flow Ratio
9.81%
12.14%
Turnover Ratio
33.78%
-
Dividends
  • D
Per Share ($)
$0.0986
12-Month Distribution ($)
$0.6199
Documents
  1. 1. Prior to 6/5/18, the Fund's name was Oppenheimer Mid Cap Revenue ETF.
  2. 2. Access historical premium/discount information
  3. 3. The S&P MidCap 400 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"); the Oppenheimer S&P MidCap 400 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 MidCap 400 Revenue-Weighted Index.
  4. 4. 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.
  5. 5. The Closing Price is the price of the last reported trade on the Fund's primary exchange.
  6. 6. The S&P MidCap 400® Index measures the performance of mid-sized US companies, reflecting the distinctive risk and return characteristics of this market segment. It comprises stocks in the middle capitalization range, covering approximately 7% of the of US equity 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.
  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. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund's prospectus.
  10. 10. 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).
  11. 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>
  12. 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.
  13. 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.
  14. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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