OppenheimerFunds Launches Three New Revenue-Weighted ETFs

"Our newest ETF solutions were created in direct response to our clients' growing appetite for revenue-weighted strategies in the global marketplace," said Sharon French, Head of Beta Solutions at OppenheimerFunds. "Our approach offers a durable value proposition, with attractive risk-adjusted performance and the broad market diversification that has historically attracted investors to index strategies."

• Oppenheimer Emerging Markets Revenue ETF (REEM) seeks to outperform the MSCI Emerging Markets Index, with an expense ratio of 46 basis points.
• Oppenheimer Global Revenue ETF (RGLB) seeks to outperform the MSCI All Country World Index, with an expense ratio of 43 basis points.
• Oppenheimer International Revenue ETF (REFA) seeks to outperform the MSCI EAFE Index, with an expense ratio of 42 basis points.

The securities in each of the new funds are weighted by their trailing 12-month top-line revenue, rather than their market capitalization, with a 5% maximum portfolio weight for any one issuer. The funds are rebalanced quarterly.

Oppenheimer's fundamentally weighted ETFs offer a way for advisors, wealth managers, and consultants to access broad market exposure in a potentially more optimal way than traditional market capitalization strategies. By weighting securities in broad market indices based on revenue rather than market capitalization, the fundamentally weighted strategies offer the opportunity to reduce overexposure to potentially overpriced sectors and stocks while still providing the broad diversification of an index.

"As we continue to build out our smart beta business, we're pleased to offer new International and Global ETF products that complement our long history of global investing and allow our clients a new way to access the international markets," said Art Steinmetz, Chairman and CEO, OppenheimerFunds. 

The new offerings build on the firm's existing suite of Oppenheimer Revenue Weighted ETFs, which include solutions in the environmental, social and governance (ESG) space, and also broaden the firm's overall investment platform, which includes actively managed equity, fixed-income, alternative and multi-asset solutions. In 2016, the firm reduced the contractual management fees for five of its Revenue Weighted ETFs.  The full suite of Oppenheimer Revenue Weighted ETFs now includes:

• NEW: Oppenheimer Emerging Markets Revenue ETF (REEM)
• NEW: Oppenheimer Global Revenue ETF (RGLB)
• NEW: Oppenheimer International Revenue ETF (REFA)

• Oppenheimer Large Cap Revenue ETF – RWL
• Oppenheimer Mid Cap Revenue ETF – RWK
• Oppenheimer Small Cap Revenue ETF – RWJ
• Oppenheimer Ultra Dividend Revenue ETF – RDIV
• Oppenheimer Financials Sector Revenue ETF – RWW
• Oppenheimer ESG Revenue ETF – ESGL
• Oppenheimer Global ESG Revenue ETF – ESGF

Over the past year, OppenheimerFunds has steadily grown its Beta Solutions team to support the growth of the business, adding David Mazza as Head of ETF Investment Strategy, Alex Depetris as Chief Operating Officer of Beta Solutions, Mo Haghbin, Head of Product, Beta Solutions, and Michael Eschmann as Head of Capital Markets for Beta Solutions. Vince Lowry is Lead Portfolio Manager of OppenheimerFunds' Revenue Weighted offerings.

The OFI Revenue Weighted Emerging Markets Index is a custom index that is owned and calculated by MSCI, is based on the MSCI Emerging Markets Index and aims to reflect the performance of an OppenheimerFunds strategy.

The OFI Revenue Weighted Global Index is a custom index that is owned and calculated by MSCI, is based on the MSCI All Country World Index and aims to reflect the performance of an OppenheimerFunds strategy.

The OFI Revenue Weighted International Index is a custom index that is owned and calculated by MSCI, is based on the MSCI EAFE Index and aims to reflect the performance of an OppenheimerFunds strategy.

OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $239 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of June 30, 2017.

Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm's 15 investment management teams specialize in equity, fixed income, alternative, multi-asset, and revenue-weighted-ETF strategies, including ESG. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs. For more information on the firm, visit oppenheimerfunds.com.

An investment in ETFs is subject to investment risk, including the possible loss of principal amount invested. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks.

ETF returns may not match the returns of their respective index, known as non-correlation risk, due to operating expenses incurred by the ETF. The alternate weighting approach employed by ETFs (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. Because ETFs are rebalanced quarterly, portfolio turnover may exceed 100%. The greater the portfolio turnover, the greater the transaction costs, which could have an adverse effect on ETF performance.

Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc., 225 Liberty Street, New York, NY, 10281

© 2017 OppenheimerFunds Distributor, Inc. All rights reserved.

SOURCE OppenheimerFunds

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