Oppenheimer Russell 1000 Dynamic Multifactor ETF
ALTAR
Score™
5.6% info Recommen-
dation
UNDERWEIGHT
2020E    2021E
P/E
ratio
19.9x P/Sales
ratio
2.5x
P/BV
ratio
5.0x Div.
yield
1.8%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Oppenheimer Russell 1000 Dynamic Multifactor ETF tracks an index of US large-cap stocks selected by a combination of five investment factors, which are weighted based on current macroeconomic conditions.

FUND BASICS
Category US Equities
Fund Sponsor OppenheimerFunds
Website www.oppenheimerfunds.com
Inception date Nov 08, 2017
Assets (mns) $890
Currency USD
Expense ratio 29 bp
Distributions Quarterly

FUND STRUCTURE
Regulation Open-Ended Fund
Custodian
Weighting Multi-Factor
Index replication
Uses derivatives No
Options available No

SECTOR BREAKDOWN

 


CONSTITUENT BREAKDOWN
No. of constituents 328
Wgt avg mkt cap (mns) $303,347
Large cap (>$10bn) 96.4%
Mid cap ($2-10bn) 3.6%
Small cap (<$2bn) 0.0%
Developed mkts 100.0%
Emerging mkts 0.0%

TOP TEN HOLDINGS
MICROSOFT CORP 6.1 %
APPLE INC 5.6 %
VISA INC-CLASS A SHARES 5.2 %
HOME DEPOT INC 5.1 %
MASTERCARD INC-CLASS A 4.9 %
FACEBOOK 3.0 %
PROCTER & GAMBLE CO/THE 2.8 %
COSTCO WHOLESALE CORP 2.7 %
S&P GLOBAL, INC. 2.2 %
ACCENTURE PLC-CL A 2.1 %
Total 39.9 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.1 %
IRELAND 3.2 %
BRITAIN 0.3 %
SWITZERLAND 0.3 %
BERMUDA 0.1 %
CHINA 0.0 %





HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru March 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-22.0% -7.9% -- -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 0.91 91%
MSCI EAFE 0.87 77%
MSCI Emg. Mkts. 0.64 61%

Technical Indicators
Recent close $25.47
30d moving avg. $27.76
Annualized volatility 16.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 37

Liquidity measures
Avg. volume (thou.) 252
Turnover 0.7%
Bid/Ask (% of price) 0.31%
ADV underlying (mns) $243,324

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 100 potential alternatives to the Oppenheimer Russell 1000 Dynamic Multifactor ETF ETF based on the alternatives' overlap in portfolio holdings with OMFL. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OMFL Expense: 29 bp ALTAR Score™: 5.6%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OMFL
Ticker Fund
Name
Overlap1
vs OMFL
(%)
Expense
ratio
(bp)
Savings
vs OMFL
(bp)
ALTAR
Score™
(%)
ALTAR
vs OMFL
(%)
MMTM SPDR S&P 1500 Momentum Tilt ETF 58.8 12 17 6.7 +1.1
HSPX Global X S&P 500 Covered Call ETF 58.6 65 -36 6.2 +0.5
PBP Invesco S&P 500 BuyWrite ETF 58.3 49 -20 6.5 +0.9
IUSG iShares Core S&P US Growth ETF 58.1 4 25 5.8 +0.2
SPYG SPDR Portfolio S&P 500 Growth ETF 58.0 4 25 5.8 +0.2
VOOG Vanguard S&P 500 Growth ETF 57.9 10 19 5.7 +0.1
IVW iShares S&P 500 Growth ETF 57.9 18 11 5.6 0.0
SPXN ProShares S&P 500 Ex-Financials ETF 57.3 27 2 6.6 +1.0
SPY SPDR S&P 500 ETF Trust 55.5 9 20 7.1 +1.4
SPLG SPDR Portfolio Large Cap ETF 55.4 3 26 7.1 +1.5
SPXE ProShares S&P 500 Ex-Energy ETF 55.4 27 2 7.0 +1.3
SPYX SPDR S&P 500 Fossil Fuel Reserves Free ETF 55.4 20 9 7.1 +1.5
IVV iShares Core S&P 500 ETF 55.4 4 25 7.1 +1.5
VOO VANGUARD S&P 500 ETF 55.2 3 26 7.1 +1.5
MGC Vanguard Mega Cap Index Fund 55.1 7 22 6.8 +1.2
VONG Vanguard Russell 1000 Growth Index Fund 55.0 8 21 5.8 +0.1
IWF iShares Russell 1000 Growth ETF 55.0 19 10 5.7 +0.0
SPXV ProShares S&P 500 Ex-Health Care ETF 54.5 27 2 6.8 +1.2
VV Vanguard Large-Cap Index Fund 54.5 4 25 7.0 +1.3
SCHX Schwab U.S. Large-Cap ETF 54.3 3 26 7.0 +1.4
PBUS Invesco PureBeta MSCI USA ETF 54.2 4 25 7.2 +1.6
BBUS JP Morgan Betabuilders U.S. Equity ETF 54.1 2 27 7.1 +1.4
VONE Vanguard Russell 1000 ETF 54.1 8 21 7.0 +1.4
IWL iShares Russell Top 200 ETF 54.1 15 14 6.6 +1.0
SFY SoFi Select 500 ETF 53.9 0 29 6.7 +1.1
JUST Goldman Sachs JUST U.S. Large Cap Equity ETF 53.9 20 9 6.6 +1.0
IWB iShares Russell 1000 ETF 53.7 15 14 7.0 +1.3
SPTM SPDR Portfolio Total Stock Market ETF 53.4 3 26 7.3 +1.7
SCHK Schwab 1000 Index ETF 53.3 5 24 7.0 +1.4
GSLC Goldman Sachs ActiveBeta U.S. Large Cap Equity ETF 53.1 9 20 7.3 +1.7
IYY iShares Dow Jones U.S. ETF 53.0 20 9 6.9 +1.3
QARP Xtrackers Russell 1000 US Quality at a Reasonable Price ETF 52.0 19 10 7.6 +1.9
VTHR Vanguard Russell 3000 Index Fund 51.8 10 19 6.9 +1.3
QRFT Qraft Ai-Enhanced U.S. Large Cap ETF 51.6 75 -46 5.0 -0.7
SCHB Schwab U.S. Broad Market ETF 51.5 3 26 7.0 +1.4
IWV iShares Russell 3000 ETF 51.4 20 9 6.9 +1.2
ITOT iShares Core S&P Total U.S. Stock Market ETF 51.3 3 26 7.0 +1.4
PLC Principal U.S. Large-Cap Multi-Factor Core Index ETF 51.3 15 14 6.9 +1.3
RECS Columbia Research Enhanced Core ETF 51.2 15 14 7.5 +1.8
VTI Vanguard Total Stock Market Index Fund 51.2 3 26 7.0 +1.3
ESGV Vanguard ESG U.S. Stock ETF 51.0 12 17 7.0 +1.4
VUG Vanguard Growth Index Fund 50.7 4 25 5.5 -0.1
QUS SPDR MSCI USA StrategicFactors ETF 50.6 15 14 7.3 +1.6
IQSU IQ Candriam ESG US Equity ETF 50.6 9 20 6.7 +1.1
IWY iShares Russell Top 200 Growth ETF 50.5 20 9 5.5 -0.1
ESGU iShares MSCI USA ESG Optimized ETF 50.5 15 14 6.7 +1.1
SNPE Xtrackers S&P 500 ESG ETF 49.8 11 18 6.8 +1.2
OEF iShares S&P 100 ETF 49.4 20 9 6.3 +0.7
MGK Vanguard Mega Cap Growth ETF 49.0 7 22 5.6 +0.0
XOUT GraniteShares XOUT U.S. Large Cap ETF 48.9 60 -31 6.0 +0.3
CATH Global X S&P 500 Catholic Values Custom ETF 48.7 29 0 7.0 +1.4
JHML John Hancock Multifactor Large Cap ETF 48.6 34 -5 7.5 +1.8
SPUS SP Funds S&P 500 Sharia Industry Exclusions ETF 47.8 49 -20 5.5 -0.2
SCHG Schwab U.S. Large-Cap Growth ETF 47.4 4 25 5.6 +0.0
EPS WisdomTree U.S. Earnings 500 Fund 47.3 8 21 8.5 +2.8
AVUS Avantis U.S. Equity ETF 45.5 15 14 8.0 +2.4
DSI iShares MSCI KLD 400 Social ETF 45.4 25 4 6.7 +1.1
JQUA JPMorgan U.S. Quality Factor ETF 45.1 12 17 6.6 +1.0
XLG Invesco S&P 500 Top 50 ETF 45.0 20 9 5.9 +0.3
IUS Invesco Strategic US ETF 44.8 19 10 7.9 +2.3
VEGN US Vegan Climate ETF 44.6 60 -31 7.1 +1.5
FQAL Fidelity Quality Factor ETF 44.4 29 0 7.0 +1.4
DYNF BlackRock U.S. Equity Factor Rotation ETF 44.2 30 -1 8.1 +2.4
ESG FlexShares STOXX US ESG Impact Index Fund 43.9 32 -3 6.8 +1.1
NACP Impact Shares NAACP Minority Empowerment ETF 43.6 75 -46 6.2 +0.6
FDMO Fidelity Momentum Factor ETF 43.5 29 0 5.5 -0.1
MFUS PIMCO RAFI Dynamic Multi-Factor U.S. Equity ETF 43.4 29 0 8.2 +2.6
USMC Principal U.S. Mega-Cap Multi-Factor Index ETF 43.4 12 17 6.3 +0.7
SUSL iShares ESG MSCI USA Leaders ETF 43.2 10 19 6.9 +1.3
USSG Xtrackers MSCI USA ESG Leaders Equity ETF 43.1 10 19 6.9 +1.3
TOK iShares MSCI Kokusai ETF 42.7 25 4 7.3 +1.7
TILT Flexshares Morningstar US Market Factors Tilt Index Fund 42.5 25 4 8.6 +3.0
SPXT ProShares S&P 500 Ex-Technology ETF 42.0 27 2 7.3 +1.7
FDLO Fidelity Low Volatility Factor ETF 42.0 29 0 6.5 +0.9
FNDX Schwab Fundamental U.S. Large Co. Index ETF 42.0 25 4 8.3 +2.7
AFLG First Trust Active Factor Large Cap ETF 41.4 55 -26 7.7 +2.1
EXT WisdomTree U.S. Total Earnings Fund 41.1 28 1 7.7 +2.0
DIVB iShares U.S. Dividend & Buyback ETF 41.0 25 4 8.8 +3.2
JMOM JPMorgan U.S. Momentum Factor ETF 40.9 12 17 5.2 -0.5
FNDB Schwab Fundamental U.S. Broad Market Index ETF 40.6 25 4 8.4 +2.8
QUAL iShares MSCI Usa Quality Factor ETF 40.6 15 14 6.9 +1.3
WOMN Impact Shares YWCA Women's Empowerment ETF 40.3 75 -46 6.2 +0.6
URTH iShares MSCI World ETF 39.6 24 5 7.5 +1.9
FLQL Franklin LibertyQ U.S. Equity ETF 39.4 15 14 8.0 +2.4
MTUM iShares Edge MSCI USA Momentum Factor ETF 39.3 15 14 5.7 +0.1
TMFC Motley Fool 100 Index ETF 38.8 50 -21 5.1 -0.6
DLN WisdomTree U.S. LargeCap Dividend Fund 38.8 28 1 8.0 +2.4
DGRW WisdomTree U.S. Quality Dividend Growth Fund 38.5 28 1 8.2 +2.6
IETC iShares Evolved U.S. Technology ETF 38.3 18 11 5.4 -0.2
SPHQ Invesco S&P 500 Quality ETF 38.0 15 14 6.4 +0.7
IGM iShares North American Tech ETF 37.7 46 -17 5.3 -0.3
DGRO iShares Core Dividend Growth ETF 37.6 8 21 8.4 +2.7
DTD WisdomTree U.S.Total Dividend Fund 37.5 28 1 8.5 +2.9
QWLD SPDR MSCI World StrategicFactors ETF 37.3 30 -1 7.5 +1.8
VLU SPDR S&P 1500 Value Tilt ETF 37.3 12 17 9.6 +4.0
JKE iShares Morningstar Large-Cap Growth ETF 37.3 25 4 4.7 -0.9
PRF Invesco FTSE RAFI US 1000 ETF 37.1 39 -10 9.2 +3.6
SPMO Invesco S&P 500 Momentum ETF 37.0 13 16 5.3 -0.4
QLC FlexShares US Quality Large Cap Index Fund 36.7 32 -3 7.4 +1.8
PWB Invesco Dynamic Large Cap Growth ETF 36.4 55 -26 4.6 -1.0

1Overlap is the percentage of holdings by weight that are identical. For example, if Fund A has a 2% position in Apple, Inc. (AAPL) and Fund B has a 5% position, their overlapping position in AAPL is 2%.

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RESULTS & ESTIMATES

  2015 2016 2017 2018 2019 2020E 2021E
Sales per share ** ** ** ** ** ** **
Earnings per share ** ** ** ** ** ** **
Dividends per share info ** ** ** ** ** ** **
Book value per share ** ** ** ** ** ** **

 

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

Sales per share growth   **% **% **% **% **% **%
EPS growth   **% **% **% **% **% **%

OTHER FUNDAMENTAL METRICS

Long term EPS growth est. **%   Debt-to-equity **x
Asset turnover **%   Assets-to-equity **x

Return on equity

Revision activity*
*Six months ago = 100

Net margins

Compound annual growth rates

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VALUATION METRICS
  2019 2020E 2021E
Price-to-sales ** ** **
Price-to-earnings ** ** **
Price-to-cash flow ** ** **
Price-to-growth ** ** **
Price-to-book value ** ** **
Yield ** ** **

Historical valuation trends

Forward
multiple:
Oppenheimer Russell 1000 Dynamic Multifactor ETF
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

UNDERWEIGHT

Below average appreciation potential. A rating of UNDERWEIGHT is assigned to ETFs with ALTAR Scores in the 2nd quintile (ranking higher than only 20%-40%) of their category. Typically, funds in this category consist of stocks trading at relatively expensive valuations and/or having below-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 27.9 %
Divided by: Fwd. P/BV 4.7 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 5.6 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.38 CATEGORY
AVERAGE
1.51
 
The composite rating is a weighted average of analysts' consensus recommendations for individual ETF constituents, based on the following scale:

BUY = 1; OVERWEIGHT = 1.5, HOLD = 2; UNDERWEIGHT = 2.5; and SELL = 3.

Readers are cautioned that because analyst ratings tend to be inflated, the composite score may be more useful as a relative measure of sentiment between funds rather than as a stand-alone recommendation.
 

 

See RATING tab for calculation of ALTAR Score™
Risk & reward. Uses std. dev. as proxy for risk, ALTAR Score™ for return forecast.
Dividends paid by constituents to the fund. May differ from actual distributions to shareholders due to constituent changes, timing issues or other factors.
Monthly returns based on changes in price plus dividends. May differ from daily returns reported by funds. See below for standardized returns.