Oppenheimer Russell 1000 Dynamic Multifactor
ALTAR
Score™
9.4% info Recommen-
dation
SPECULATIVE
2019E    2020E
P/E
ratio
12.6x P/Sales
ratio
0.8x
P/BV
ratio
1.6x Div.
yield
2.2%


  • 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) $1,144
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 356
Wgt avg mkt cap (mns) $9,193
Large cap (>$10bn) 34.1%
Mid cap ($2-10bn) 65.1%
Small cap (<$2bn) 0.9%
Developed mkts 99.8%
Emerging mkts 0.2%

TOP TEN HOLDINGS
HEWLETT PACKARD ENTERPRISE CO. 1.0 %
WESTERN DIGITAL CORP 1.0 %
UNITED RENTALS INC 0.9 %
CARDINAL HEALTH INC 0.8 %
SKYWORKS SOLUTIONS INC 0.8 %
WESTROCK CO. 0.7 %
DXC TECHNOLOGY CO. 0.7 %
DAVITA INC 0.7 %
PULTE HOMES INC 0.7 %
AES CORP 0.6 %
Total 7.8 %

TOP COUNTRY EXPOSURE
UNITED STATES 95.4 %
BRITAIN 2.0 %
BERMUDA 1.0 %
IRELAND 0.5 %
PUERTO RICO 0.4 %
PANAMA 0.2 %
CAYMAN ISLANDS 0.2 %
CANADA 0.1 %



HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru November 30)
Year-to-date 1 year 5 years 10 years Since Incep.
31.2% 18.3% -- -- 14.3%

Market Correlations
versus... Beta R-squared
S&P500 0.88 92%
MSCI EAFE 0.86 67%
MSCI Emg. Mkts. 0.58 47%

Technical Indicators
Recent close $32.33
30d moving avg. $32.27
Annualized volatility 13.4%
Short interest (ETF) 0.0%
Relative strength (RSI) 57

Liquidity measures
Avg. volume (thou.) 97
Turnover 0.3%
Bid/Ask (% of price) 0.10%
ADV underlying (mns) $22,316

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Oppenheimer Russell 1000 Dynamic Multifactor 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™: 9.4%


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
(%)
OSIZ Invesco Russell 1000 Size Factor ETF 46.9 19 10 6.2 -3.2
ONEY SPDR Russell 1000 Yield Focus 45.9 20 9 8.3 -1.1
FNK First Trust Mid Cap Value AlphaDEX 42.8 70 -41 8.9 -0.5
SCHM Schwab US Mid Cap 42.5 4 25 6.3 -3.1
FNX First Trust Mid Cap Core Alpadex 42.3 62 -33 6.6 -2.8
JKI iShares Morningstar Mid Cap Value 42.1 30 -1 8.6 -0.8
EZM WisdomTree Midcap Earnings 40.7 38 -9 7.7 -1.7
IWS iShares Russell Midcap Value 40.1 24 5 7.0 -2.5
DON WisdomTree Midcap Dividend 38.5 38 -9 7.0 -2.4
RNMC First Trust Mid Cap US Equity Select 38.4 60 -31 6.6 -2.8
FAB First Trust Multi Cap Value 37.6 71 -42 8.4 -1.1
ONEV SPDR Russell 1000 Low Volatility Focus 37.5 20 9 6.9 -2.5
JHMM John Hancock Multifactor Mid Cap 36.6 44 -15 5.9 -3.5
SFYX SoFi Next 500 36.4 0 29 5.6 -3.8
JPME JPMorgan Diversified Return U.S. Mid Cap Equity 35.9 24 5 6.1 -3.3
USEQ Invesco Russell 1000 Enhanced Equal Weight 35.8 29 0 6.6 -2.8
VBR Vanguard Small-Cap Value ETF 34.9 7 22 7.7 -1.7
VOE Vanguard Mid-Cap Value 34.0 7 22 7.6 -1.9
PSM Principal U.S. Small-MidCap Multi-Factor Core Index 33.9 20 9 6.9 -2.5
ONEO SPDR Russell 1000 Momentum Focus 32.6 20 9 6.5 -3.0

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

  2014 2015 2016 2017 2018 2019E 2020E
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
  2018 2019E 2020E
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
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

SPECULATIVE

Deeply undervalued but risky. A rating of SPECULATIVE is assigned to ETFs with ALTAR Scores in the top quintile (the top 20%) of their category, indicating exceptional appreciation potential. However, often these are narrowly-focused funds or in industries with structural issues, which may also make them very risky. Nonetheless they may still be useful as part of a well-diversified portfolio.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 13.7 %
Divided by: Fwd. P/BV 1.4 x
Less: Expense ratio 29 bp
Equals: ALTAR Score 9.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.61 CATEGORY
AVERAGE
1.56
 
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.