U.S. Flag United States
Registered Investment Advisor
Ă—

CHALLENGE OLD THINKING.

Expand
Close
CHALLENGE OLD THINKING.
The market-cap weighted index has been around since 1957 – decades before the research that identified the factors that drive stocks’ returns.
THE REALITY
Market-cap weighting is a price-driven approach that is susceptible to short-term thinking. Revenue weighting is based on a reliable, tangible indicator of a company’s success.

Learn more about Challenge the Index

Bw 5161397070001 620x349

Revenue Weighted Strategy

Small Cap Revenue ETF

The strategy is comprised of the same securities as the S&P 600 Index. Each security in the fund is ranked by top line revenue, instead of market capitalization.

RWJ CUSIP: 68386C302

CLOSING PRICE (as of 7/21/2017)
Market Close
$66.41
Bid/Ask Midpoint
$66.39
Bid/Ask Prem/Disc
0.01%
TICKERS & ISIN
Index Bloomberg Ticker
REVWST
Reuters Bridge Ticker
RWJ.IV
ISIN
US68386C3025
Investment Style
US Domestic Multi Factor Exposure
Fund Inception
February 19, 2008
Total Assets (as of 6/30/2017)
$555 million
Fund Index
S&P 600 Small Cap Index
NAV (as of 7/21/17)
  • A
$66.39

Equity

Fixed Income

Municipal Bond
performance
analytics
holdings
as of 6/30/2017
  • B
as of 6/30/2017
  • B

Market Price
Market Price
Market Price
Market Price
  • B
Cumulative
Annualized
3 mo ytd as of 7/21/17
1 yr 3 yr 5 yr since inception
Small Cap Revenue ETF (NAV)
-0.32% -0.66% 20.75% 6.28% 15.51% 11.72%
Cumulative
Annualized
3 mo ytd as of 7/21/17
1 yr 3 yr 5 yr since inception
Small Cap Revenue ETF (Market Price)
-0.29% -0.66% 20.76% 6.25% 15.51% 11.72%
Cumulative
Annualized
3 mo ytd as of 7/21/17
1 yr 3 yr 5 yr since inception
Small Cap Revenue ETF (NAV)
-0.32% -0.66% 20.75% 6.28% 15.51% 11.72%
Cumulative
Annualized
3 mo ytd as of 7/21/17
1 yr 3 yr 5 yr since inception
Small Cap Revenue ETF (Market Price)
-0.29% -0.66% 20.76% 6.25% 15.51% 11.72%
Gross Expense Ratio: 0.56% | Net 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 Small Cap Revenue ETF S&P 600 Small Cap Index
2009 48.21% 25.57%
2010 25.68% 26.31%
2011 -0.74% 1.02%
2012 18.58% 16.33%
2013 45.54% 41.31%
2014 6.49% 5.76%
2015 -8.51% -1.97%
2016 30.51% 26.56%

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 Small Cap Revenue ETF S&P 600 Small Cap Index OFI Rev Weighted Sm Cap Ix
6/30/2012 0.00 0.00 0.00
7/31/2012 -0.16 -0.77 0.07
8/31/2012 4.54 2.99 4.83
9/30/2012 8.40 5.40 8.75
10/31/2012 6.12 3.26 6.58
11/30/2012 8.59 4.29 9.15
12/31/2012 12.69 7.73 13.39
1/31/2013 19.24 13.96 19.99
2/28/2013 20.59 15.56 21.37
3/31/2013 25.00 20.46 25.85
4/30/2013 24.50 20.14 25.39
5/31/2013 32.43 25.36 33.47
6/30/2013 31.74 25.18 32.86
7/31/2013 41.30 33.74 42.65
8/31/2013 37.36 30.49 38.68
9/30/2013 47.12 38.61 48.66
10/31/2013 51.53 43.61 53.16
11/30/2013 59.74 50.07 61.56
12/31/2013 64.00 52.24 65.79
1/31/2014 55.99 46.37 57.68
2/28/2014 64.57 52.89 66.47
3/31/2014 66.46 53.96 68.47
4/30/2014 63.05 49.66 65.12
5/31/2014 64.30 50.06 66.48
6/30/2014 71.30 57.14 73.69
7/31/2014 61.25 48.51 63.50
8/31/2014 68.87 54.88 71.37
9/30/2014 58.08 46.57 60.27
10/31/2014 68.66 56.96 71.21
11/30/2014 69.30 56.53 72.10
12/31/2014 74.64 61.00 77.62
1/31/2015 64.93 55.37 67.60
2/28/2015 77.21 64.74 80.27
3/31/2015 80.00 67.38 83.26
4/30/2015 76.02 63.49 79.21
5/31/2015 79.15 66.00 82.41
6/30/2015 78.26 67.70 81.71
7/31/2015 73.77 66.28 77.21
8/31/2015 64.46 57.67 67.85
9/30/2015 55.98 52.16 59.45
10/31/2015 67.86 61.43 71.64
11/30/2015 70.29 65.76 74.11
12/31/2015 59.78 57.82 63.41
1/31/2016 47.07 48.09 50.46
2/29/2016 51.79 49.75 55.31
3/31/2016 67.43 62.02 71.62
4/30/2016 71.90 63.92 76.31
5/31/2016 71.13 66.64 75.55
6/30/2016 70.29 67.65 74.81
7/31/2016 81.89 76.19 86.75
8/31/2016 81.40 78.58 86.38
9/30/2016 83.72 79.73 88.98
10/31/2016 75.36 71.68 80.35
11/30/2016 99.88 93.23 105.72
12/31/2016 108.54 99.74 114.65
1/31/2017 105.65 98.94 111.80
2/28/2017 110.19 102.11 116.58
3/31/2017 106.31 101.86 112.55
4/30/2017 108.38 103.68 114.79
5/31/2017 100.25 99.35 106.40
6/30/2017 105.64 105.32 112.07

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 7/23/2017

Date 2012 2013 2014 2015 2016
Short Term 0.0111
Long Term 0.1306 0.1214 0.0969
Total Amount of Distribution 0.1417 0.1214 0.0969
Record Date 12/31/12 12/31/13 12/31/14
Ex Div Date 12/27/12 12/27/13 12/29/14
Pay Date 1/4/13 1/3/14 1/5/15

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

Analytics

(As of 6/30/2017)

Morningstar 6/30/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
646
Category
Small Blend
Performance Statistics
3Y
Alpha
-4.10
Information Ratio
-0.69
Sharpe Ratio
0.42
Standard Deviation
17.56
Sortino Ratio
0.71
Beta
1.18
Bull Beta
1.18
Bear Beta
1.01
Excess Return
-3.05
Dividends
  • C
Est. Frequency
Quarterly
Last Pay Date
7/11/2017
Per Share ($)
$0.13
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
12-Month Distribution ($)
$0.43
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$1.40 B
-
Price/Book
1.79
-
Number of Holdings
601
-
Turnover Ratio
44.07%
-
Price/Sales Ratio
0.25
-

Top Holdings

(25.3% of assets as of 07/21/17)

Ă—

Portfolio Holdings Breakdown

Country 4
Developed Markets 4
Equity Sector 4
Industry 4
Asset Allocation 4
Country Small Cap Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
United States 99.9% 100.0% -0.1%
Developed Markets Small Cap Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Americas 99.9% 100.0% -0.1%
Equity Sector Small Cap Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Consumer Discretionary 28.3% 15.7% 12.6%
Industrials 22.2% 18.7% 3.4%
Information Technology 11.4% 15.1% -3.7%
Health Care 10.8% 12.6% -1.8%
Financials 9.4% 16.2% -6.7%
Materials 6.3% 5.2% 1.1%
Consumer Staples 6.0% 3.1% 2.9%
Energy 2.3% 2.7% -0.4%
Real Estate 1.5% 6.8% -5.3%
Utilities 1.1% 2.9% -1.7%
Telecommunication Services 0.6% 1.0% -0.4%
Industry Small Cap Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Specialty Retail 12.2% 3.9% 8.3%
Health Care Providers & Services 7.6% 3.4% 4.2%
Electronic Equipment Instruments & Components 5.8% 4.1% 1.7%
Commercial Services & Supplies 5.3% 3.7% 1.6%
Machinery 4.2% 5.4% -1.2%
Capital Markets 3.6% 2.1% 1.5%
Food & Staples Retailing 3.1% 0.4% 2.7%
Hotels Restaurants & Leisure 2.9% 3.3% -0.4%
Insurance 2.7% 3.1% -0.4%
Chemicals 2.5% 2.9% -0.4%
Professional Services 2.5% 1.9% 0.6%
Household Durables 2.3% 2.0% 0.2%
Distributors 2.1% 0.2% 1.9%
Aerospace & Defense 2.0% 1.8% 0.1%
Multiline Retail 1.9% 0.5% 1.4%
Textiles Apparel & Luxury Goods 1.9% 1.3% 0.6%
Metals & Mining 1.8% 1.0% 0.9%
Auto Components 1.8% 1.8% 0.1%
IT Services 1.8% 1.8% 0.0%
Banks 1.7% 7.7% -5.9%
Asset Allocation Small Cap Revenue ETF S&P 600 Small Cap Index Overweight / Underweight
Equity 99.9% 100.0% -0.1%
  1. 1. Special Risks: 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.
  2. 2. The net expense ratio takes into account contractual fee waivers and/or expense reimbursements, without which performance would have been less. These undertakings may not be amended or withdrawn until December 2, 2017, unless approved by the Board.
  3. 3. Access Index Definitions
  4. 4. Holdings are subject to change, and are dollar weighted based on total new assets.
  5. 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. ↩
  6. 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.

    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.
    ↩
  7. C. There is no guarantee of the payment of any dividend or other distributions at any level. ↩
Ă—
Loading...
Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )