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RWJ
Oppenheimer

S&P SmallCap 600 Revenue ETF

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Overview
NAV
  • B
(as of 01/22/2019)
$64.15
Daily Change
(as of 01/22/2019)
$-1.28
-1.96%
YTD
(as of 01/22/2019)
11.68%
Expense Ratio
(as of 01/22/2019)
0.39%

The strategy provides access to the same securities as the S&P SmallCap 600 Index, weighted by top line revenue instead of market capitalization.

Why RWJ?
1. Broad exposure to the S&P 600 universe.
2. Greater exposure to lower valuation companies than the market-cap benchmark.
3. Consider for small-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 01/22/2019)
$427.00 MM
Number of Holdings
(as of 01/22/2019)
597
Inception Date
February 19, 2008
Investment Style
Alternatively Weighted Strategy
Tracked Index
S&P SmallCap 600 Revenue-Weighted Index™
Bloomberg Index Ticker
REVWST
Broad Benchmark
S&P SmallCap 600 Index
Style Benchmark
S&P SmallCap 600 Value Index
Reuters Bridge Ticker
RWJ.IV
ISIN
US68386C3025
CUSIP
68386C302
Closing Price
(as of 01/22/2019)
$64.18
Midpoint Price
(as of 01/22/2019)
$64.15
Premium/Discount
(as of 01/22/2019)
0.0%
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,D
as of 12/31/2018
  • C,D

Market Price
Market Price
Market Price
Market Price
  • C,D
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P SmallCap 600 Revenue ETF (NAV)
-16.87% -16.87% 4.49% 2.14% 13.50% 8.81%
S&P SmallCap 600 Index
-8.48% -8.48% 9.46% 6.34% 13.61% 9.31%
S&P SmallCap 600 Value Index
-12.64% -12.64% 8.56% 5.13% 12.37% 8.37%
S&P SmallCap 600 Revenue-Weighted Index™
-16.79% -16.79% 4.86% 2.59% 14.13% 9.53%
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P SmallCap 600 Revenue ETF (Market Price)
-16.97% -16.97% 4.49% 2.11% 13.57% 8.79%
S&P SmallCap 600 Index
-8.48% -8.48% 9.46% 6.34% 13.61% 9.31%
S&P SmallCap 600 Value Index
-12.64% -12.64% 8.56% 5.13% 12.37% 8.37%
S&P SmallCap 600 Revenue-Weighted Index™
-16.79% -16.79% 4.86% 2.59% 14.13% 9.53%
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P SmallCap 600 Revenue ETF (NAV)
-16.87% -16.87% 4.49% 2.14% 13.50% 8.81%
S&P SmallCap 600 Index
-8.48% -8.48% 9.46% 6.34% 13.61% 9.31%
S&P SmallCap 600 Value Index
-12.64% -12.64% 8.56% 5.13% 12.37% 8.37%
S&P SmallCap 600 Revenue-Weighted Index™
-16.79% -16.79% 4.86% 2.59% 14.13% 9.53%
Cumulative
Annualized
ytd as of 2018-12-31
1 yr 3 yr 5 yr 10 yr since inception
S&P SmallCap 600 Revenue ETF (Market Price)
-16.97% -16.97% 4.49% 2.11% 13.57% 8.79%
S&P SmallCap 600 Index
-8.48% -8.48% 9.46% 6.34% 13.61% 9.31%
S&P SmallCap 600 Value Index
-12.64% -12.64% 8.56% 5.13% 12.37% 8.37%
S&P SmallCap 600 Revenue-Weighted Index™
-16.79% -16.79% 4.86% 2.59% 14.13% 9.53%
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 SmallCap 600 Revenue ETF S&P SmallCap 600 Index S&P SmallCap 600 Value Index S&P SmallCap 600 Revenue-Weighted Index™
2009 48.21% 25.57% 22.85% 49.08%
2010 25.68% 26.31% 24.72% 26.64%
2011 -0.74% 1.02% -1.38% -0.17%
2012 18.58% 16.33% 18.21% 19.78%
2013 45.54% 41.31% 39.98% 46.21%
2014 6.49% 5.76% 7.54% 7.13%
2015 -8.51% -1.97% -6.67% -8.00%
2016 30.51% 26.56% 31.32% 31.36%
2017 5.16% 13.24% 11.51% 5.48%
2018 -16.87% -8.48% -12.64% -16.79%

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 SmallCap 600 Revenue ETF S&P 600 Small Cap Index OFI Rev Weighted Sm Cap Ix
12/31/2008 0.00 0.00 0.00
1/31/2009 -13.40 -12.70 -13.28
2/28/2009 -24.57 -23.15 -24.42
3/31/2009 -16.25 -16.84 -16.07
4/30/2009 6.94 -2.32 7.15
5/31/2009 12.99 -0.75 13.27
6/30/2009 14.36 0.67 14.73
7/31/2009 29.97 11.07 30.43
8/31/2009 35.97 13.61 36.53
9/30/2009 44.54 19.46 45.16
10/31/2009 32.75 12.65 33.41
11/30/2009 35.89 15.59 36.60
12/31/2009 48.21 25.57 49.08
1/31/2010 43.01 21.32 43.92
2/28/2010 51.18 26.53 52.23
3/31/2010 64.39 36.38 65.59
4/30/2010 75.23 44.36 76.55
5/31/2010 60.99 33.93 62.28
6/30/2010 45.32 24.47 46.65
7/31/2010 55.00 32.36 56.77
8/31/2010 41.83 22.48 43.55
9/30/2010 59.35 36.44 61.32
10/31/2010 66.57 42.25 68.73
11/30/2010 72.87 47.32 75.18
12/31/2010 86.27 58.60 88.78
1/31/2011 85.70 58.85 88.32
2/28/2011 96.32 65.85 99.18
3/31/2011 100.45 70.84 103.48
4/30/2011 103.30 75.28 106.43
5/31/2011 100.43 73.70 103.64
6/30/2011 97.96 70.56 101.24
7/31/2011 91.24 65.08 94.43
8/31/2011 75.49 52.42 78.47
9/30/2011 56.47 36.74 59.28
10/31/2011 81.46 57.24 84.82
11/30/2011 82.43 58.23 85.88
12/31/2011 84.89 60.22 88.47
1/31/2012 100.11 70.75 104.12
2/29/2012 104.09 74.37 108.20
3/31/2012 108.81 79.42 113.19
4/30/2012 102.75 77.16 107.07
5/31/2012 87.51 66.05 91.64
6/30/2012 94.55 73.00 99.09
7/31/2012 94.24 71.67 99.24
8/31/2012 103.38 78.17 108.71
9/30/2012 110.90 82.33 116.51
10/31/2012 106.47 78.63 112.18
11/30/2012 111.27 80.41 117.31
12/31/2012 119.24 86.37 125.74
1/31/2013 131.98 97.14 138.89
2/28/2013 134.61 99.92 141.63
3/31/2013 143.20 108.38 150.55
4/30/2013 142.21 107.83 149.63
5/31/2013 157.65 116.87 165.73
6/30/2013 156.31 116.55 164.51
7/31/2013 174.91 131.37 184.01
8/31/2013 167.23 125.73 176.09
9/30/2013 186.22 139.79 195.97
10/31/2013 194.81 148.44 204.93
11/30/2013 210.78 159.61 221.64
12/31/2013 219.06 163.37 230.07
1/31/2014 203.48 153.21 213.92
2/28/2014 220.18 164.49 231.42
3/31/2014 223.86 166.34 235.40
4/30/2014 217.22 158.91 228.73
5/31/2014 219.65 159.61 231.45
6/30/2014 233.28 171.85 245.80
7/31/2014 213.72 156.91 225.51
8/31/2014 228.55 167.94 241.18
9/30/2014 207.56 153.56 219.07
10/31/2014 228.13 171.53 240.86
11/30/2014 229.37 170.79 242.63
12/31/2014 239.76 178.52 253.61
1/31/2015 220.87 168.79 233.68
2/28/2015 244.77 185.00 258.90
3/31/2015 250.19 189.57 264.85
4/30/2015 242.45 182.83 256.79
5/31/2015 248.55 187.16 263.16
6/30/2015 246.82 190.12 261.77
7/31/2015 238.08 187.66 252.80
8/31/2015 219.96 172.77 234.16
9/30/2015 203.46 163.23 217.44
10/31/2015 226.58 179.27 241.71
11/30/2015 231.31 186.75 246.63
12/31/2015 210.85 173.03 225.33
1/31/2016 186.13 156.19 199.55
2/29/2016 195.31 159.05 209.20
3/31/2016 225.74 180.29 241.69
4/30/2016 234.44 183.58 251.01
5/31/2016 232.93 188.28 249.50
6/30/2016 231.31 190.03 248.03
7/31/2016 253.88 204.80 271.80
8/31/2016 252.92 208.93 271.07
9/30/2016 257.44 210.92 276.23
10/31/2016 241.16 197.00 259.06
11/30/2016 288.88 234.28 309.56
12/31/2016 305.72 245.54 327.35
1/31/2017 300.10 244.16 321.66
2/28/2017 308.93 249.64 331.18
3/31/2017 301.37 249.21 323.17
4/30/2017 305.41 252.36 327.62
5/31/2017 289.60 244.87 310.92
6/30/2017 300.08 255.20 322.22
7/31/2017 298.47 258.64 320.63
8/31/2017 280.87 249.44 302.12
9/30/2017 315.53 276.37 338.84
10/31/2017 310.04 279.94 333.15
11/30/2017 325.67 293.32 349.90
12/31/2017 326.69 291.27 350.79
1/31/2018 333.10 301.17 357.62
2/28/2018 312.60 285.64 335.91
3/31/2018 314.86 293.49 338.34
4/30/2018 320.30 297.54 344.16
5/31/2018 342.91 323.22 368.10
6/30/2018 348.32 328.01 373.96
7/31/2018 362.53 341.52 389.06
8/31/2018 381.70 362.87 409.42
9/30/2018 362.41 348.18 389.11
10/31/2018 317.93 301.21 342.01
11/30/2018 313.75 307.25 337.70
12/31/2018 252.92 258.09 275.12

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 01/23/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term 0.0969
Total Amount of Distribution 0.0969
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

(24.6% of assets as of 01/22/2019)

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Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Country S&P SmallCap 600 Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
United States 99.9% 100.0% -0.1%
Net Cash and Equivalents 0.1% - -
Developed Markets S&P SmallCap 600 Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Americas 99.9% 100.0% -0.1%
Net Cash and Equivalents 0.1% - -
Emerging Markets S&P SmallCap 600 Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Net Cash and Equivalents 0.1% - -
Equity Sector S&P SmallCap 600 Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Consumer Discretionary 28.1% 14.0% 14.1%
Industrials 21.0% 18.7% 2.3%
Information Technology 11.6% 14.2% -2.5%
Health Care 8.9% 11.8% -2.9%
Financials 7.1% 18.5% -11.4%
Consumer Staples 7.1% 3.5% 3.6%
Materials 6.0% 4.4% 1.6%
Energy 5.1% 3.7% 1.4%
Communication Services 2.5% 2.1% 0.4%
Real Estate 1.5% 6.7% -5.2%
Utilities 0.8% 2.5% -1.7%
Net Cash and Equivalents 0.1% - -
Industry S&P SmallCap 600 Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Specialty Retail 14.4% 4.1% 10.4%
Health Care Providers & Services 6.3% 3.3% 3.1%
Electronic Equipment Instruments & Components 5.9% 4.2% 1.7%
Machinery 4.5% 5.4% -0.9%
Commercial Services & Supplies 4.4% 2.5% 1.9%
Auto Components 3.4% 2.2% 1.2%
Food & Staples Retailing 3.0% 0.4% 2.5%
Energy Equipment & Services 2.8% 1.9% 0.9%
Chemicals 2.5% 2.8% -0.3%
Household Durables 2.5% 1.9% 0.7%
Insurance 2.4% 3.6% -1.2%
Oil Gas & Consumable Fuels 2.3% 1.7% 0.5%
Distributors 2.2% 0.2% 2.0%
Building Products 2.2% 2.3% -0.1%
Food Products 2.2% 1.6% 0.6%
Banks 2.2% 9.6% -7.4%
Trading Companies & Distributors 2.0% 0.7% 1.3%
Metals & Mining 2.0% 0.8% 1.2%
Professional Services 1.9% 1.9% 0.0%
IT Services 1.9% 2.0% -0.1%
Asset Allocation S&P SmallCap 600 Revenue ETF S&P 600 Small Cap 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
373
Category
Small Value
Performance Statistics
3Y
5Y
Alpha
-5.35
-4.48
Beta
1.12
1.12
Information Ratio
-1.07
-0.99
R-Squared
94.82
95.29
Sharpe Ratio
0.27
0.17
Standard Deviation
18.62
17.48
Upside Capture
96.14
99.32
Downside Capture
122.52
121.81
Yields
Standardized Yield
1.37%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$1.19 B
$1.69 B
Median Market Cap (weighted)
$1.05 B
$1.58 B
P/E Ratio (LTM)
12.30
17.03
P/E Ratio (NTM)
10.54
14.81
Price/Book
1.33
1.84
Price/Sales Ratio
0.17
0.87
Price/Cash Flow Ratio
7.59%
11.04%
Turnover Ratio
38.28%
-
Dividends
  • E
Est. Frequency
Quarterly
Last Pay Date
12/28/2018
Per Share ($)
$0.2860
12-Month Distribution ($)
$1.0045
Distribution Sources
  • E
Net Income
82.40%
Net Profit from Sale
0.00%
Other Capital Sources
17.60%
Documents
  1. 1. Prior to 6/5/18, the Fund's name was Oppenheimer Small Cap Revenue ETF.
  2. 2. Access historical premium/discount information
  3. 3. The S&P SmallCap 600 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 SmallCap 600 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 SmallCap 600 Revenue-Weighted Index.
  4. 4. An investment in the Fund is subject to investment risk, including the possible loss of principal amount invested. Small-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 small-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 SmallCap 600® Index measures the performance of small cap segment of US equity market. It consists of 600 domestic stocks chosen for market size, liquidity, and industry group representation and covers approximately 3% of the domestic equities 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 SmallCap 600 Revenue-Weighted Index is constructed by re-weighting the constituent securities of the S&P SmallCap 600 according to revenue earned, subject to certain asset diversification requirements. The S&P SmallCap 600 Revenue-Weighted Index generally contains the same securities as the S&P SmallCap 600, but in different proportions. Past performance does not guarantee future results.
  8. 8. Holdings are subject to change, and are dollar weighted based on total net assets.
  9. 9. 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.
  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.

    On 2/22/2008 and 3/31/2008 for RWJ, the last trade price was used to calculate market return because 4:00pm EST midpoint bid/ask prices are not available on those dates.

    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.

    Returns are preliminary and subject to change until the first business day of the month.
  14. D. 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. E. There is no guarantee of the payment of any dividend or other distributions at any level.
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