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RWK
Oppenheimer

S&P MidCap 400 Revenue ETF

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Overview
NAV
  • A
(as of 09/25/2018)
$63.47
Daily Change
(as of 09/25/2018)
$-0.48
-0.76%
YTD
(as of 09/25/2018)
5.15%
Expense Ratio
(as of 09/25/2018)
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 09/25/2018)
$387.00 MM
Number of Holdings
(as of 09/24/2018)
402
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 400 Mid Cap Index
Style Benchmark
S&P Midcap 400 Value Index
Reuters Bridge Ticker
RWK.IV
ISIN
US68386C2035
CUSIP
68386C203
Closing Price
(as of 09/24/2018)
$63.96
Midpoint Price
(as of 09/24/2018)
$63.96
Premium/Discount
(as of 09/24/2018)
0.01%
Premium/Discount Analysis
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Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 08/31/2018
  • B
as of 06/30/2018
  • B

Market Price
Market Price
Market Price
Market Price
  • B
Cumulative
Annualized
ytd as of 2018-06-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (NAV)
1.14% 9.48% 8.48% 11.20% 11.06% 10.19%
S&P 400 Mid Cap Index
3.49% 13.50% 10.89% 12.69% 10.78% 10.60%
S&P Midcap 400 Value Index
2.18% 11.17% 10.08% 11.96% 10.44% 9.95%
S&P MidCap 400 Revenue-Weighted Index™
1.34% 9.85% 8.96% 11.76% 11.77% 10.88%
Cumulative
Annualized
ytd as of 2018-06-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (Market Price)
1.06% 9.40% 8.45% 11.15% 11.06% 10.18%
S&P 400 Mid Cap Index
3.49% 13.50% 10.89% 12.69% 10.78% 10.60%
S&P Midcap 400 Value Index
2.18% 11.17% 10.08% 11.96% 10.44% 9.95%
S&P MidCap 400 Revenue-Weighted Index™
1.34% 9.85% 8.96% 11.76% 11.77% 10.88%
Cumulative
Annualized
ytd as of 2018-08-31
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (NAV)
6.51% 16.76% 12.24% 11.53% 11.35% 10.55%
S&P 400 Mid Cap Index
8.68% 20.00% 14.84% 13.30% 11.35% 10.94%
S&P Midcap 400 Value Index
7.06% 17.81% 14.38% 12.52% 10.76% 10.27%
S&P MidCap 400 Revenue-Weighted Index™
6.79% 17.15% 12.74% 12.10% 12.06% 11.25%
Cumulative
Annualized
ytd as of 2018-08-31
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (Market Price)
6.44% 16.76% 12.24% 11.53% 11.35% 10.55%
S&P 400 Mid Cap Index
8.68% 20.00% 14.84% 13.30% 11.35% 10.94%
S&P Midcap 400 Value Index
7.06% 17.81% 14.38% 12.52% 10.76% 10.27%
S&P MidCap 400 Revenue-Weighted Index™
6.79% 17.15% 12.74% 12.10% 12.06% 11.25%
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 400 Mid Cap 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 15.83% 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 21.57% 20.74% 26.53% 22.37%
2017 12.88% 16.24% 12.32% 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 S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index OFI Rev Weighted Md Cap Ix
8/31/2008 0.00 0.00 0.00
9/30/2008 -10.28 -10.71 -10.17
10/31/2008 -31.86 -30.12 -31.63
11/30/2008 -39.38 -36.60 -39.13
12/31/2008 -35.22 -33.53 -34.86
1/31/2009 -39.40 -38.35 -39.00
2/28/2009 -45.85 -44.32 -45.48
3/31/2009 -39.52 -39.28 -39.07
4/30/2009 -26.99 -30.25 -26.44
5/31/2009 -23.49 -28.34 -22.87
6/30/2009 -23.37 -27.90 -22.75
7/31/2009 -15.61 -21.59 -14.87
8/31/2009 -11.49 -18.17 -10.70
9/30/2009 -6.40 -13.49 -5.48
10/31/2009 -12.24 -17.42 -11.38
11/30/2009 -7.96 -14.07 -6.99
12/31/2009 -1.62 -8.68 -0.51
1/31/2010 -4.97 -11.61 -3.87
2/28/2010 0.38 -7.01 1.60
3/31/2010 7.66 -0.37 9.04
4/30/2010 11.74 3.87 13.24
5/31/2010 3.47 -3.60 4.93
6/30/2010 -5.69 -9.92 -4.29
7/31/2010 0.89 -3.70 2.49
8/31/2010 -4.77 -8.46 -3.23
9/30/2010 6.46 1.89 8.23
10/31/2010 9.88 5.41 11.76
11/30/2010 13.74 8.54 15.75
12/31/2010 21.27 15.65 23.48
1/31/2011 24.02 17.96 26.36
2/28/2011 29.29 23.45 31.76
3/31/2011 33.03 26.48 35.65
4/30/2011 35.42 29.91 38.14
5/31/2011 33.40 28.16 36.15
6/30/2011 30.52 25.55 33.07
7/31/2011 24.58 21.12 27.11
8/31/2011 15.26 12.50 17.67
9/30/2011 2.56 0.59 5.10
10/31/2011 18.56 14.42 21.68
11/30/2011 19.76 14.07 23.06
12/31/2011 19.37 13.65 22.68
1/31/2012 28.53 21.16 32.17
2/29/2012 34.18 26.61 38.02
3/31/2012 36.09 28.99 40.08
4/30/2012 35.84 28.70 39.88
5/31/2012 24.07 20.35 27.82
6/30/2012 26.96 22.63 31.03
7/31/2012 24.00 22.57 27.86
8/31/2012 27.19 26.84 31.16
9/30/2012 29.96 29.30 34.07
10/31/2012 30.74 28.27 35.28
11/30/2012 34.49 31.10 38.93
12/31/2012 38.27 33.97 43.09
1/31/2013 51.26 43.64 56.60
2/28/2013 53.28 45.05 58.72
3/31/2013 61.32 51.99 67.11
4/30/2013 61.04 52.94 66.91
5/31/2013 67.84 56.40 74.28
6/30/2013 63.71 53.51 69.96
7/31/2013 76.33 63.02 83.11
8/31/2013 69.86 56.91 76.40
9/30/2013 78.71 65.09 85.72
10/31/2013 84.64 71.22 92.07
11/30/2013 88.41 73.49 95.88
12/31/2013 94.41 78.84 102.41
1/31/2014 88.14 75.05 95.92
2/28/2014 96.72 83.60 104.99
3/31/2014 98.64 84.27 107.24
4/30/2014 96.67 81.40 105.29
5/31/2014 100.94 84.62 109.87
6/30/2014 108.36 92.25 117.80
7/31/2014 99.76 84.04 108.83
8/31/2014 110.29 93.39 120.00
9/30/2014 98.62 84.59 107.73
10/31/2014 104.52 91.17 114.11
11/30/2014 109.99 94.71 119.82
12/31/2014 112.85 96.31 122.91
1/31/2015 106.24 94.11 116.03
2/28/2015 120.82 104.05 131.50
3/31/2015 122.93 106.75 133.93
4/30/2015 119.87 103.66 130.80
5/31/2015 123.09 107.28 134.25
6/30/2015 118.01 104.55 129.08
7/31/2015 116.45 104.83 127.45
8/31/2015 107.30 93.40 117.94
9/30/2015 97.96 87.17 107.93
10/31/2015 110.04 97.72 120.75
11/30/2015 111.06 100.39 121.95
12/31/2015 100.52 92.04 110.99
1/31/2016 87.51 81.12 97.22
2/29/2016 94.30 83.67 104.43
3/31/2016 113.19 99.31 124.69
4/30/2016 113.43 101.75 125.06
5/31/2016 113.25 106.41 125.03
6/30/2016 112.80 107.27 124.74
7/31/2016 124.64 116.17 137.34
8/31/2016 124.42 117.24 137.18
9/30/2016 124.19 115.86 137.02
10/31/2016 117.83 110.09 130.50
11/30/2016 139.56 126.91 153.60
12/31/2016 143.78 131.87 158.19
1/31/2017 147.52 135.76 162.19
2/28/2017 149.99 141.94 164.88
3/31/2017 150.26 141.01 165.29
4/30/2017 150.06 143.02 165.15
5/31/2017 146.95 141.84 161.88
6/30/2017 154.22 145.75 169.79
7/31/2017 155.30 147.92 171.05
8/31/2017 151.01 144.12 166.57
9/30/2017 160.13 153.67 176.29
10/31/2017 161.78 159.41 178.06
11/30/2017 172.87 168.95 189.91
12/31/2017 175.17 169.54 192.44
1/31/2018 182.61 177.28 200.40
2/28/2018 167.81 164.99 184.72
3/31/2018 167.82 167.45 184.84
4/30/2018 164.55 166.76 181.43
5/31/2018 177.05 177.77 194.84
6/30/2018 178.31 178.94 196.36
7/31/2018 187.20 183.86 205.88
8/31/2018 193.08 192.93 212.29

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 09/25/2018

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

(28.5% of assets as of 09/24/2018)

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Portfolio Holdings Breakdown

Country
Equity Sector
Industry
Asset Allocation
Market Cap 11
Country S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
United States 98.6% 99.5% -0.9%
United Kingdom 1.4% 0.5% 1.0%
Equity Sector S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Consumer Discretionary 19.5% 13.5% 6.1%
Industrials 16.8% 14.9% 1.9%
Information Technology 16.8% 16.8% 0.0%
Financials 10.2% 16.2% -6.0%
Materials 9.2% 6.9% 2.3%
Energy 8.7% 5.3% 3.4%
Health Care 7.6% 9.7% -2.2%
Consumer Staples 4.6% 3.4% 1.2%
Real Estate 3.3% 8.7% -5.4%
Utilities 2.8% 4.6% -1.8%
Telecommunication Services 0.4% 0.2% 0.2%
Industry S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Electronic Equipment Instruments & Components 10.6% 4.7% 5.9%
Oil Gas & Consumable Fuels 6.9% 3.3% 3.6%
Specialty Retail 6.6% 2.2% 4.3%
Insurance 5.6% 4.6% 1.0%
Health Care Providers & Services 4.5% 2.3% 2.3%
Machinery 4.3% 5.3% -1.0%
Metals & Mining 3.7% 2.2% 1.5%
Construction & Engineering 3.0% 1.1% 1.9%
Hotels Restaurants & Leisure 2.8% 3.7% -1.0%
Chemicals 2.8% 2.7% 0.1%
Banks 2.5% 7.8% -5.3%
Auto Components 2.5% 1.0% 1.5%
IT Services 2.4% 3.5% -1.0%
Road & Rail 2.3% 1.8% 0.6%
Food Products 2.3% 2.1% 0.3%
Containers & Packaging 2.0% 1.3% 0.7%
Equity Real Estate Investment Trusts (REITs) 2.0% 8.2% -6.2%
Media 1.9% 1.8% 0.1%
Household Durables 1.9% 1.4% 0.6%
Energy Equipment & Services 1.8% 2.0% -0.2%
Asset Allocation S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Equity 99.8% 100.0% -0.2%
Market Cap S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Mid 67.6% 82.9% -15.3%
Small 32.2% 17.1% 15.1%
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
372
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-4.00
-2.65
Beta
1.14
1.10
Information Ratio
-0.71
-0.53
R-Squared
92.91
93.00
Sharpe Ratio
0.92
0.92
Standard Deviation
12.53
12.14
Upside Capture
96.95
99.97
Downside Capture
120.22
116.64
Yields
Standardized Yield
0.88%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$5.21 B
$6.01 B
Median Market Cap (weighted)
$4.71 B
$5.35 B
P/E Ratio (LTM)
15.75
20.38
P/E Ratio (NTM)
13.61
17.54
Price/Book
2.14
2.66
Price/Sales Ratio
0.43
2.05
Price/Cash Flow Ratio
11.44%
-
Turnover Ratio
33.78%
-
Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
6/21/2018
Per Share ($)
$0.1500
12-Month Distribution ($)
$0.5896
Distribution Sources
  • C
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
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. The S&P MidCap 400 Revenue-Weighted Index is constructed by re-weighting the constituent securities of the S&P Mid Cap 400 by revenue earned, subject to certain asset diversification requirements. The S&P MidCap 400 Revenue Weighted Index generally contains the same securities as the S&P MidCap 400, but in different proportions.
     Past performance does not guarantee future results.
  8. 8. The S&P MidCap 400® provides investors with a benchmark for mid-sized companies. The index, which is distinct from the large-cap S&P 500®, measures the performance of mid-sized companies, reflecting the distinctive risk and return characteristics of this market segment.

     Past performance does not guarantee future results.
  9. 9. Holdings are subject to change, and are dollar weighted based on total net assets.
  10. 10. 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.
  11. 11. 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.
  12. 12. 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).
  13. 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.
  14. 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.
  15. C. There is no guarantee of the payment of any dividend or other distributions at any level.
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