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RDIV
Oppenheimer

S&P Ultra Dividend Revenue ETF

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Overview
NAV
  • A
(as of 09/21/2018)
$39.47
Daily Change
(as of 09/21/2018)
$-0.06
-0.15%
YTD
(as of 09/21/2018)
10.18%
Expense Ratio
(as of 09/21/2018)
0.39%

The strategy invests in the securities in the S&P 900 with the highest trailing dividend yield. Each of these securities is then weighted by top line revenue, instead of market capitalization.

Why RDIV?
1. Offers attractive yield potential in a low interest rate environment.
2. Greater exposure to lower valuation companies than most dividend-oriented products.
3. Consider to pursue income with 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 09/21/2018)
$931.00 MM
Number of Holdings
(as of 09/21/2018)
60
Inception Date
September 30, 2013
Investment Style
Alternatively Weighted Strategy
Tracked Index
S&P 900 Dividend Revenue-Weighted Index™
Bloomberg Index Ticker
REVWDIVT
Broad Benchmark
S&P 900 Index
Style Benchmark
S&P 900 Value Index
Reuters Bridge Ticker
RDIV.IV
ISIN
US68386C4015
CUSIP
68386C401
Closing Price
(as of 09/21/2018)
$39.47
Midpoint Price
(as of 09/21/2018)
$39.48
Premium/Discount
(as of 09/21/2018)
0.04%
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,C
as of 06/30/2018
  • B,C

Market Price
Market Price
Market Price
Market Price
  • B,C
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-06-30
1 yr 3 yr since inception
S&P Ultra Dividend Revenue ETF (NAV)
2.63% 10.22% 6.59% 19.13% 14.66% 13.79%
S&P 900 Index
0.60% 3.50% 2.71% 14.31% 11.85% 12.85%
S&P 900 Value Index
0.62% 1.69% -1.90% 7.83% 8.91% 10.22%
S&P 900 Dividend Revenue-Weighted Index™
2.68% 10.37% 6.82% 19.61% 15.51% 14.61%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-06-30
1 yr 3 yr since inception
S&P Ultra Dividend Revenue ETF (Market Price)
2.62% 10.31% 6.55% 19.12% 14.69% 13.81%
S&P 900 Index
0.60% 3.50% 2.71% 14.31% 11.85% 12.85%
S&P 900 Value Index
0.62% 1.69% -1.90% 7.83% 8.91% 10.22%
S&P 900 Dividend Revenue-Weighted Index™
2.68% 10.37% 6.82% 19.61% 15.51% 14.61%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-08-31
1 yr 3 yr since inception
S&P Ultra Dividend Revenue ETF (NAV)
1.56% 5.37% 9.43% 23.07% 16.08% 13.90%
S&P 900 Index
3.25% 7.60% 9.85% 19.69% 16.02% 13.93%
S&P 900 Value Index
1.45% 6.06% 3.41% 13.57% 13.03% 11.03%
S&P 900 Dividend Revenue-Weighted Index™
1.64% 5.53% 9.79% 23.67% 16.94% 14.71%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-08-31
1 yr 3 yr since inception
S&P Ultra Dividend Revenue ETF (Market Price)
1.55% 5.34% 9.36% 23.19% 16.07% 13.90%
S&P 900 Index
3.25% 7.60% 9.85% 19.69% 16.02% 13.93%
S&P 900 Value Index
1.45% 6.06% 3.41% 13.57% 13.03% 11.03%
S&P 900 Dividend Revenue-Weighted Index™
1.64% 5.53% 9.79% 23.67% 16.94% 14.71%
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.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 performance data quoted includes periods during which the methodology employed to construct the Fund's underlying index, the OFI Revenue Weighted Ultra Dividend IndexTM, was different from the index's current methodology, which is described in the Fund's prospectus.

Investment return and principal value will fluctuate so an investor's shares, when redeemed, may be worth more or less than the original cost.
 


Year S&P Ultra Dividend Revenue ETF S&P 900 Index S&P 900 Value Index S&P 900 Dividend Revenue-Weighted Index™
2014 21.53% 13.36% 12.33% 22.84%
2015 -5.18% 1.11% -3.42% -4.74%
2016 28.45% 12.61% 18.10% 29.75%
2017 11.52% 21.40% 15.11% 12.02%

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 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 performance data quoted includes periods during which the methodology employed to construct the Fund's underlying index, the OFI Revenue Weighted Ultra Dividend IndexTM, was different from the index's current methodology, which is described in the Fund's prospectus.

Investment return and principal value will fluctuate so an investor's shares, when redeemed, may be worth more or less than the original cost.
 


Date S&P Ultra Dividend Revenue ETF S&P 900 Index OFI Rev Weighted Ultra Div Ix
8/31/2015 0.00 0.00 0.00
9/30/2015 -1.66 -2.53 -1.59
10/31/2015 5.10 5.47 5.26
11/30/2015 2.57 5.87 2.78
12/31/2015 -0.21 3.99 0.20
1/31/2016 -2.27 -1.23 -1.85
2/29/2016 0.59 -1.25 1.43
3/31/2016 9.28 5.58 10.28
4/30/2016 10.98 6.05 12.03
5/31/2016 10.47 8.00 11.56
6/30/2016 15.10 8.29 16.36
7/31/2016 22.51 12.33 23.87
8/31/2016 20.85 12.52 22.27
9/30/2016 20.60 12.49 22.25
10/31/2016 17.24 10.37 18.88
11/30/2016 25.17 14.81 27.00
12/31/2016 28.19 17.10 30.01
1/31/2017 30.25 19.30 32.16
2/28/2017 32.31 23.91 34.25
3/31/2017 29.69 24.01 31.72
4/30/2017 29.60 25.26 31.67
5/31/2017 26.24 26.85 28.30
6/30/2017 27.90 27.73 30.07
7/31/2017 30.66 30.25 32.91
8/31/2017 27.10 30.47 29.30
9/30/2017 33.33 33.34 35.72
10/31/2017 32.50 36.44 34.86
11/30/2017 40.00 40.69 42.57
12/31/2017 42.92 42.16 45.64
1/31/2018 45.94 50.00 48.74
2/28/2018 39.28 44.40 41.98
3/31/2018 38.24 41.08 40.96
4/30/2018 43.10 41.55 45.99
5/31/2018 48.43 45.14 51.52
6/30/2018 52.37 46.01 55.58
7/31/2018 53.97 51.24 57.32
8/31/2018 56.40 56.16 59.90
Date Dividends
10/9/2015 0.2959
1/4/2016 0.368
4/8/2016 0.253
7/11/2016 0.2119
10/11/2016 0.2706
1/4/2017 0.3134
4/10/2017 0.3454
7/11/2017 0.3512
10/6/2017 0.4168
1/2/2018 0.4463
3/20/2018 0.3293
6/21/2018 0.3787

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

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 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 performance data quoted includes periods during which the methodology employed to construct the Fund's underlying index, the OFI Revenue Weighted Ultra Dividend IndexTM, was different from the index's current methodology, which is described in the Fund's prospectus.

Investment return and principal value will fluctuate so an investor's shares, when redeemed, may be worth more or less than the original cost.
 

$ per share as of 09/23/2018

Date 2013 2014 2015 2016 2017
Short Term 0.0311
Long Term 0.0198
Total Amount of Distribution 0.0311 0.0198
Record Date 12/31/14 12/30/16
Ex Div Date 12/29/14 12/28/16
Pay Date 1/5/15 1/4/17

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

Portfolio

Top Holdings

(78.3% of assets as of 09/21/2018)

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Portfolio Holdings Breakdown

Country
Equity Sector
Industry
Asset Allocation
Market Cap 10
Country S&P Ultra Dividend Revenue ETF S&P 900 Index Overweight / Underweight
United States 99.7% - -
Net Cash and Equivalents 0.3% - -
Equity Sector S&P Ultra Dividend Revenue ETF S&P 900 Index Overweight / Underweight
Energy 18.0% - -
Consumer Discretionary 15.8% - -
Utilities 15.8% - -
Information Technology 12.8% - -
Consumer Staples 10.7% - -
Health Care 6.7% - -
Real Estate 6.1% - -
Industrials 5.6% - -
Telecommunication Services 5.1% - -
Financials 2.8% - -
Net Cash and Equivalents 0.3% - -
Materials 0.2% - -
Industry S&P Ultra Dividend Revenue ETF S&P 900 Index Overweight / Underweight
Oil Gas & Consumable Fuels 17.6% - -
Electric Utilities 9.4% - -
Multiline Retail 8.8% - -
Food Products 7.1% - -
Equity Real Estate Investment Trusts (REITs) 6.1% - -
IT Services 5.9% - -
Pharmaceuticals 5.7% - -
Diversified Telecommunication Services 5.1% - -
Semiconductors & Semiconductor Equipment 4.9% - -
Industrial Conglomerates 4.5% - -
Automobiles 4.3% - -
Multi-Utilities 4.1% - -
Tobacco 3.6% - -
Independent Power and Renewable Electricity Producers 2.3% - -
Technology Hardware Storage & Peripherals 2.0% - -
Hotels Restaurants & Leisure 1.7% - -
Insurance 1.2% - -
Professional Services 1.1% - -
Health Care Providers & Services 1.0% - -
Capital Markets 0.9% - -
Asset Allocation S&P Ultra Dividend Revenue ETF S&P 900 Index Overweight / Underweight
Equity 99.6% - -
Net Cash and Equivalents 0.3% - -
Market Cap S&P Ultra Dividend Revenue ETF S&P 900 Index Overweight / Underweight
Large 71.1% - -
Mid 25.9% - -
Small 2.5% - -
Net Cash and Equivalents 0.3% - -
Analytics
(As of 08/31/2018)

Morningstar 08/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
1109
Category
Large Value
Performance Statistics
3Y
Alpha
1.97
Beta
0.88
Information Ratio
0.01
R-Squared
54.74
Sharpe Ratio
1.32
Standard Deviation
11.20
Upside Capture
91.28
Downside Capture
68.88
Yields
Standardized Yield
3.54%
Portfolio Characteristics
Fund
Broad Benchmark
Average Market Cap (weighted)
$89.92 B
$233.14 B
Median Market Cap (weighted)
$50.47 B
$98.81 B
P/E Ratio (LTM)
15.50
21.02
P/E Ratio (NTM)
13.36
17.15
Price/Book
2.36
3.42
Price/Sales Ratio
1.12
2.60
Price/Cash Flow Ratio
9.18%
-
Turnover Ratio
74.45%
-
Dividends
  • D
Est. Frequency
Quarterly
Last Pay Date
6/21/2018
Per Share ($)
$0.3787
12-Month Distribution ($)
$1.5711
Distribution Sources
  • D
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 Ultra Dividend Revenue ETF.
  2. 2. Access historical premium/discount information
  3. 3. The S&P 900 Dividend 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 Ultra Dividend 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 900 Dividend Revenue-Weighted Index.
  4. 4. An investment in the Fund is subject to investment risk, including the possible loss of principal amount invested. There is no guarantee that the issuers of stocks will declare dividends in the future, or that dividends will remain at their current levels or increase over time. 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. 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 900® combines the large-cap S&P 500® and the S&P MidCap 400®. It addresses the needs of investors who want to benchmark or invest in the large and mid-cap segments of the U.S. 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 900 Dividend Revenue-Weighted Index is constructed by identifying the top 60 securities from the S&P 900® Index with the highest average of the 1-year trailing dividend yields for the current quarter and each of the past three quarters (excluding securities that have issued a special dividend over that time period), and re-weighting those securities according to the revenue earned by the companies, subject to certain asset diversification requirements and a maximum 5% per company weighting. The S&P 900 Dividend Revenue-Weighted Index™ generally contains a subset of the securities in the S&P 900 Index, 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. 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.
  11. 11. 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).
  12. 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.
  13. 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.
  14. 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 performance data quoted includes periods during which the methodology employed to construct the Fund's underlying index, the OFI Revenue Weighted Ultra Dividend IndexTM, was different from the index's current methodology, which is described in the Fund's prospectus.

    Investment return and principal value will fluctuate so an investor's shares, when redeemed, may be worth more or less than the original cost.
     
  15. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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