Oppenheimer Russell 2000 Dynamic Multifactor
ALTAR
Score™
7.4% info Recommen-
dation
OVERWEIGHT
2019E    2020E
P/E
ratio
15.5x P/Sales
ratio
0.3x
P/BV
ratio
1.0x Div.
yield
2.5%


  • Description
  • Performance
  • Comps
  • premium Fundamentals
  • premium Valuation
  • premium Rating
The Oppenheimer Russell 2000 Dynamic Multifactor ETF tracks an index of US small-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) $58
Currency USD
Expense ratio 39 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 734
Wgt avg mkt cap (mns) $552
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 1.0%
Small cap (<$2bn) 99.0%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
STAMPS.COM INC 0.8 %
COLLEGIUM PHARMACEUTICAL, INC. 0.6 %
INGLES MARKETS INC -CL A 0.5 %
RADNET INC 0.5 %
AK STEEL HOLDING CORP 0.5 %
SONIC AUTOMOTIVE INC-CLASS A 0.5 %
BEAZER HOMES USA INC 0.5 %
CHICO'S FAS INC 0.5 %
OMNOVA SOLUTIONS INC 0.4 %
PITNEY BOWES INC 0.4 %
Total 5.3 %

TOP COUNTRY EXPOSURE
UNITED STATES 96.9 %
BERMUDA 0.6 %
CANADA 0.4 %
PUERTO RICO 0.4 %
BRITAIN 0.4 %
MONACO 0.2 %
LUXEMBOURG 0.2 %
GERMANY 0.1 %
CAYMAN ISLANDS 0.1 %
ISRAEL 0.1 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru October 31)
Year-to-date 1 year 5 years 10 years Since Incep.
18.5% 5.3% -- -- 3.2%

Market Correlations
versus... Beta R-squared
S&P500 1.03 80%
MSCI EAFE 0.97 55%
MSCI Emg. Mkts. 0.65 38%

Technical Indicators
Recent close $27.48
30d moving avg. $27.54
Annualized volatility 17.0%
Short interest (ETF) 0.0%
Relative strength (RSI) 62

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.1%
Bid/Ask (% of price) 0.22%
ADV underlying (mns) $2,932

Distributions


FINDING ALTERNATIVE FUNDS

Below is a list of 20 potential alternatives to the Oppenheimer Russell 2000 Dynamic Multifactor ETF based on the alternatives' overlap in portfolio holdings with OMFS. Consider funds with lower expense ratios and/or higher ALTAR Score™ ratings as possible alternatives.

Benchmark ticker: OMFS Expense: 39 bp ALTAR Score™: 7.4%


ALTERNATIVE ETFs BASED ON OVERLAP WITH OMFS
Ticker Fund
Name
Overlap1
vs OMFS
(%)
Expense
ratio
(bp)
Savings
vs OMFS
(bp)
ALTAR
Score™
(%)
ALTAR
vs OMFS
(%)
IWC iShares Russell Microcap 45.5 60 -21 -8.3 -15.7
PQSV PGIM QMA Strategic Alpha Small-Cap Value 42.4 29 10 6.6 -0.8
BUY USCF SummerHaven SHPEI Index 32.6 80 -41 11.8 +4.4
EES WisdomTree SmallCap Earnings 32.1 38 1 9.4 +2.0
EWSC Invesco S&P Small Cap 600 Equal Weight 29.4 40 -1 5.8 -1.6
RWJ Invesco S&P SmallCap 600 Revenue ETF 26.8 39 0 5.0 -2.3
FDM First Trust DJ Select Microcap 25.4 60 -21 7.4 +0.1
RZV Invesco S&P Smallcap 600 Pure Value 25.2 35 4 8.8 +1.4
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 22.8 20 19 5.9 -1.5
IWN iShares Russell 2000 Value 22.7 24 15 6.6 -0.8
PRFZ Invesco FTSE-RAFI Small-Mid 1500 22.6 39 0 4.8 -2.6
AVUV Avantis U.S. Small Cap Value 22.6 25 14 7.5 +0.1
CSML IQ Chaikin U.S. Small Cap 22.0 35 4 8.1 +0.7
VTWV Vanguard Russell 2000 Value 22.0 20 19 6.6 -0.8
SLYV SPDR S&P600 Small Cap Value 20.8 15 24 7.5 +0.2
IJS iShares S&P 600 SmallCap Value 20.8 25 14 7.4 +0.1
VIOV Vanguard S&P Small-Cap 600 Value 20.4 20 19 7.4 +0.0
SQLV Legg Mason Small-Cap Quality Value 18.3 60 -21 4.5 -2.9
IUSS Invesco Strategic US Small Company 17.0 23 16 6.4 -1.0
DES WisdomTree Smallcap Dividend 16.7 38 1 7.4 -0.0

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

Content on this tab for subscribers only

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 2000 Dynamic Multifactor
Relative
to:
S&P500 MSCI EAFE MSCI Emg. Mkts. Other ETF:

OVERWEIGHT

Above average appreciation potential. A rating of OVERWEIGHT is assigned to ETFs with ALTAR Scores in the 4th quintile (ranking higher than 60%-80%) of their category. Typically, funds in this category consist of stocks trading at attractive valuations and/or having above-average fundamentals.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 7.1 %
Divided by: Fwd. P/BV 0.9 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 7.4 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 CATEGORY
AVERAGE
1.55
 
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.