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RWK
Oppenheimer

S&P MidCap 400 Revenue ETF

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Overview
NAV
  • A
(as of 11/20/2018)
$56.30
Daily Change
(as of 11/20/2018)
$-1.28
-2.22%
YTD
(as of 11/20/2018)
-6.49%
Expense Ratio
(as of 11/20/2018)
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 11/20/2018)
$349.00 MM
Number of Holdings
(as of 11/19/2018)
393
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 11/19/2018)
$57.53
Midpoint Price
(as of 11/19/2018)
$57.56
Premium/Discount
(as of 11/19/2018)
-0.03%
Premium/Discount Analysis
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Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2018
  • B
as of 09/30/2018
  • B

Market Price
Market Price
Market Price
Market Price
  • B
Cumulative
Annualized
ytd as of 2018-09-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (NAV)
4.32% 10.37% 13.19% 9.94% 12.33% 10.25%
S&P MidCap 400 Index
7.49% 14.21% 15.68% 11.91% 12.49% 10.73%
S&P MidCap 400 Value Index
6.04% 11.72% 15.49% 11.28% 11.65% 10.09%
S&P MidCap 400 Revenue-Weighted Index™
4.62% 10.74% 13.74% 10.50% 13.04% 10.95%
Cumulative
Annualized
ytd as of 2018-09-30
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (Market Price)
4.25% 10.28% 13.19% 9.93% 12.32% 10.25%
S&P MidCap 400 Index
7.49% 14.21% 15.68% 11.91% 12.49% 10.73%
S&P MidCap 400 Value Index
6.04% 11.72% 15.49% 11.28% 11.65% 10.09%
S&P MidCap 400 Revenue-Weighted Index™
4.62% 10.74% 13.74% 10.50% 13.04% 10.95%
Cumulative
Annualized
ytd as of 2018-10-31
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (NAV)
-4.92% -0.05% 7.60% 7.22% 14.40% 9.22%
S&P MidCap 400 Index
-2.77% 1.02% 9.85% 8.89% 14.13% 9.61%
S&P MidCap 400 Value Index
-3.38% 0.79% 9.75% 8.34% 13.37% 9.05%
S&P MidCap 400 Revenue-Weighted Index™
-4.63% 0.30% 8.10% 7.74% 15.09% 9.90%
Cumulative
Annualized
ytd as of 2018-10-31
1 yr 3 yr 5 yr 10 yr since inception
S&P MidCap 400 Revenue ETF (Market Price)
-4.98% -0.09% 7.61% 7.19% 14.39% 9.21%
S&P MidCap 400 Index
-2.77% 1.02% 9.85% 8.89% 14.13% 9.61%
S&P MidCap 400 Value Index
-3.38% 0.79% 9.75% 8.34% 13.37% 9.05%
S&P MidCap 400 Revenue-Weighted Index™
-4.63% 0.30% 8.10% 7.74% 15.09% 9.90%
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 15.83% 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
10/31/2008 0.00 0.00 0.00
11/30/2008 -11.03 -9.27 -10.97
12/31/2008 -4.94 -4.87 -4.73
1/31/2009 -11.07 -11.77 -10.79
2/28/2009 -20.53 -20.31 -20.26
3/31/2009 -11.25 -13.11 -10.88
4/30/2009 7.15 -0.18 7.58
5/31/2009 12.28 2.55 12.81
6/30/2009 12.46 3.18 12.98
7/31/2009 23.85 12.20 24.51
8/31/2009 29.89 17.10 30.60
9/30/2009 37.36 23.80 38.25
10/31/2009 28.80 18.18 29.62
11/30/2009 35.08 22.97 36.03
12/31/2009 44.38 30.69 45.51
1/31/2010 39.47 26.49 40.60
2/28/2010 47.32 33.08 48.60
3/31/2010 58.00 42.57 59.48
4/30/2010 63.99 48.65 65.62
5/31/2010 51.86 37.95 53.47
6/30/2010 38.40 28.91 39.99
7/31/2010 48.06 37.81 49.89
8/31/2010 39.76 31.00 41.54
9/30/2010 56.24 45.81 58.29
10/31/2010 61.26 50.84 63.46
11/30/2010 66.93 55.32 69.29
12/31/2010 77.97 65.50 80.60
1/31/2011 82.01 68.81 84.81
2/28/2011 89.74 76.67 92.71
3/31/2011 95.24 81.00 98.40
4/30/2011 98.73 85.91 102.05
5/31/2011 95.77 83.41 99.12
6/30/2011 91.54 79.67 94.62
7/31/2011 82.83 73.33 85.91
8/31/2011 69.15 60.99 72.11
9/30/2011 50.51 43.95 53.72
10/31/2011 74.00 63.74 77.96
11/30/2011 75.75 63.25 79.98
12/31/2011 75.19 62.64 79.43
1/31/2012 88.64 73.38 93.31
2/29/2012 96.92 81.18 101.86
3/31/2012 99.72 84.59 104.88
4/30/2012 99.36 84.17 104.59
5/31/2012 82.08 72.23 86.95
6/30/2012 86.32 75.49 91.64
7/31/2012 81.98 75.41 87.01
8/31/2012 86.67 81.51 91.83
9/30/2012 90.73 85.03 96.08
10/31/2012 91.87 83.57 97.86
11/30/2012 97.37 87.61 103.20
12/31/2012 102.93 91.71 109.28
1/31/2013 121.98 105.55 129.04
2/28/2013 124.95 107.57 132.14
3/31/2013 136.75 117.50 144.41
4/30/2013 136.33 118.87 144.11
5/31/2013 146.32 123.81 154.90
6/30/2013 140.25 119.68 148.58
7/31/2013 158.78 133.29 167.81
8/31/2013 149.28 124.55 157.99
9/30/2013 162.27 136.25 171.64
10/31/2013 170.98 145.03 180.92
11/30/2013 176.50 148.27 186.48
12/31/2013 185.32 155.94 196.04
1/31/2014 176.11 150.50 186.55
2/28/2014 188.71 162.74 199.82
3/31/2014 191.52 163.71 203.10
4/30/2014 188.62 159.59 200.26
5/31/2014 194.90 164.20 206.95
6/30/2014 205.79 175.12 218.55
7/31/2014 193.16 163.36 205.44
8/31/2014 208.62 176.75 221.77
9/30/2014 191.50 164.17 203.82
10/31/2014 200.15 173.58 213.16
11/30/2014 208.18 178.64 221.51
12/31/2014 212.37 180.94 226.02
1/31/2015 202.67 177.78 215.97
2/28/2015 224.07 192.01 238.59
3/31/2015 227.17 195.87 242.14
4/30/2015 222.68 191.45 237.56
5/31/2015 227.40 196.63 242.61
6/30/2015 219.96 192.72 235.04
7/31/2015 217.66 193.12 232.66
8/31/2015 204.22 176.77 218.75
9/30/2015 190.53 167.86 204.12
10/31/2015 208.26 182.95 222.87
11/30/2015 209.75 186.78 224.62
12/31/2015 194.29 174.83 208.59
1/31/2016 175.18 159.19 188.45
2/29/2016 185.16 162.84 198.99
3/31/2016 212.87 185.23 228.62
4/30/2016 213.23 188.72 229.16
5/31/2016 212.96 195.39 229.12
6/30/2016 212.31 196.62 228.70
7/31/2016 229.68 209.35 247.13
8/31/2016 229.35 210.89 246.89
9/30/2016 229.02 208.91 246.66
10/31/2016 219.68 200.65 237.12
11/30/2016 251.57 224.71 270.91
12/31/2016 257.76 231.82 277.63
1/31/2017 263.25 237.39 283.48
2/28/2017 266.89 246.24 287.40
3/31/2017 267.28 244.89 288.00
4/30/2017 266.99 247.78 287.80
5/31/2017 262.42 246.08 283.02
6/30/2017 273.09 251.69 294.59
7/31/2017 274.68 254.79 296.44
8/31/2017 268.38 249.34 289.87
9/30/2017 281.77 263.02 304.09
10/31/2017 284.18 271.23 306.68
11/30/2017 300.46 284.88 324.01
12/31/2017 303.83 285.72 327.71
1/31/2018 314.76 296.81 339.37
2/28/2018 293.04 279.22 316.42
3/31/2018 293.05 282.74 316.61
4/30/2018 288.24 281.75 311.61
5/31/2018 306.60 297.50 331.22
6/30/2018 308.44 299.17 333.45
7/31/2018 321.49 306.22 347.38
8/31/2018 330.12 319.19 356.74
9/30/2018 321.29 314.60 347.48
10/31/2018 284.00 275.02 307.89

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 11/20/2018

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

(28.4% of assets as of 11/19/2018)

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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 100.4% 100.0% 0.4%
Net Cash and Equivalents -0.4% - -
Equity Sector S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Industrials 17.1% 15.3% 1.8%
Consumer Discretionary 17.1% 11.8% 5.4%
Information Technology 16.7% 14.1% 2.6%
Financials 10.9% 16.5% -5.6%
Materials 9.2% 6.7% 2.5%
Energy 8.1% 5.1% 2.9%
Health Care 6.9% 9.9% -3.0%
Consumer Staples 4.3% 3.7% 0.7%
Real Estate 3.6% 9.5% -5.9%
Utilities 3.4% 5.3% -1.9%
Communication Services 2.6% 2.2% 0.4%
Net Cash and Equivalents -0.4% - -
Industry S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Electronic Equipment Instruments & Components 10.7% 3.9% 6.8%
Oil Gas & Consumable Fuels 6.8% 3.5% 3.2%
Specialty Retail 6.4% 2.2% 4.3%
Insurance 6.2% 4.9% 1.3%
Machinery 4.2% 5.1% -0.9%
Health Care Providers & Services 3.9% 2.1% 1.8%
Metals & Mining 3.8% 2.2% 1.6%
Construction & Engineering 3.3% 1.4% 1.9%
Hotels Restaurants & Leisure 2.9% 3.9% -1.0%
Chemicals 2.7% 2.6% 0.1%
Food Products 2.7% 2.5% 0.3%
Banks 2.5% 7.7% -5.1%
Road & Rail 2.3% 1.7% 0.5%
IT Services 2.2% 2.6% -0.5%
Equity Real Estate Investment Trusts (REITs) 2.2% 8.9% -6.8%
Containers & Packaging 2.1% 1.4% 0.7%
Household Durables 2.0% 1.4% 0.6%
Professional Services 1.8% 1.1% 0.7%
Auto Components 1.8% 0.9% 1.0%
Gas Utilities 1.7% 2.4% -0.7%
Asset Allocation S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Equity 99.8% 100.0% -0.2%
Net Cash and Equivalents -0.4% - -
Market Cap S&P MidCap 400 Revenue ETF S&P 400 Mid Cap Index Overweight / Underweight
Mid 65.7% 80.4% -14.6%
Small 34.1% 19.6% 14.5%
Net Cash and Equivalents -0.4% - -
Analytics
(As of 10/31/2018)

Morningstar 10/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
363
Category
Mid-Cap Value
Performance Statistics
3Y
5Y
Alpha
-2.61
-2.03
Beta
1.07
1.07
Information Ratio
-0.62
-0.49
R-Squared
92.85
93.31
Sharpe Ratio
0.55
0.56
Standard Deviation
13.15
12.76
Upside Capture
95.93
100.35
Downside Capture
111.72
113.76
Yields
Standardized Yield
1.09%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$4.44 B
$5.32 B
Median Market Cap (weighted)
$4.07 B
$4.76 B
P/E Ratio (LTM)
12.65
17.27
P/E Ratio (NTM)
11.26
15.45
Price/Book
1.83
2.36
Price/Sales Ratio
0.38
1.86
Price/Cash Flow Ratio
9.52%
-
Turnover Ratio
33.78%
-
Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
9/27/2018
Per Share ($)
$0.1625
12-Month Distribution ($)
$0.5963
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. 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. 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. 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.
  13. C. There is no guarantee of the payment of any dividend or other distributions at any level.
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