Oppenheimer Russell 2000 Dynamic Multifactor
ALTAR
Score™
5.2% info Recommen-
dation
NEUTRAL
2020E    2021E
P/E
ratio
13.2x P/Sales
ratio
0.3x
P/BV
ratio
1.0x Div.
yield
2.0%


  • 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) $60
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 723
Wgt avg mkt cap (mns) $573
Large cap (>$10bn) 0.0%
Mid cap ($2-10bn) 1.2%
Small cap (<$2bn) 98.9%
Developed mkts 99.9%
Emerging mkts 0.1%

TOP TEN HOLDINGS
AMEDISYS INC 1.6 %
ESSENT GROUP LTD 1.3 %
CHURCHILL DOWNS INC 1.3 %
TETRA TECH INC 1.1 %
RADIAN GROUP INC 1.1 %
SIMPSON MANUFACTURING CO INC 1.1 %
FTI CONSULTING INC 1.0 %
FIRST INDUSTRIAL REALTY TR 1.0 %
EMCOR GROUP INC 1.0 %
REXFORD INDUSTRIAL REALTY IN 0.9 %
Total 11.2 %

TOP COUNTRY EXPOSURE
UNITED STATES 97.0 %
BERMUDA 1.9 %
CAYMAN ISLANDS 0.3 %
CANADA 0.2 %
PUERTO RICO 0.2 %
BAHAMAS 0.1 %
BRITAIN 0.1 %
IRELAND 0.1 %
PANAMA 0.1 %
MONACO 0.0 %

HISTORICAL PERFORMANCE info

  Custom date range Compare to  
  thru


Standardized Annual Returns (thru January 31)
Year-to-date 1 year 5 years 10 years Since Incep.
-7.9% 6.9% -- -- 2.3%

Market Correlations
versus... Beta R-squared
S&P500 1.06 75%
MSCI EAFE 1.03 55%
MSCI Emg. Mkts. 0.68 41%

Technical Indicators
Recent close $27.71
30d moving avg. $28.03
Annualized volatility 17.2%
Short interest (ETF) 0.0%
Relative strength (RSI) 42

Liquidity measures
Avg. volume (thou.) 1
Turnover 0.1%
Bid/Ask (% of price) 0.19%
ADV underlying (mns) $2,565

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™: 5.2%


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
(%)
IWM iShares Russell 2000 54.8 19 20 3.6 -1.7
VTWO Vanguard Russell 2000 54.4 15 24 3.6 -1.7
GSSC Goldman Sachs Activebeta U.S. Small Cap Equity 53.0 20 19 5.5 +0.3
JPSE JPMorgan Diversified Return U.S. Small Cap Equity 48.2 29 10 4.1 -1.2
IWN iShares Russell 2000 Value 42.5 24 15 6.2 +0.9
VTWV Vanguard Russell 2000 Value 42.2 20 19 6.2 +0.9
SCHA Schwab U.S. Small-Cap 42.2 4 35 4.8 -0.4
IWO iShares Russell 2000 Growth 41.9 24 15 1.1 -4.1
VTWG Vanguard Russell 2000 Growth 41.6 20 19 1.1 -4.1
PRFZ Invesco FTSE-RAFI Small-Mid 1500 39.7 39 0 4.6 -0.6
FLQS Franklin LibertyQ U.S. Small Cap Equity 38.8 35 4 6.1 +0.9
ISMD Inspire Small/Mid Cap Impact 38.0 61 -22 5.1 -0.1
SLY SPDR S&P 600 Small Cap 37.6 15 24 6.1 +0.9
SPSM SPDR Portfolio Small Cap 37.6 5 34 6.2 +1.0
IJR iShares Core S&P Small-Cap 37.5 7 32 6.1 +0.9
VIOO Vanguard S&P Small-Cap 600 37.3 15 24 6.0 +0.7
PBSM Invesco PureBeta MSCI USA Small Cap 35.6 6 33 4.9 -0.3
SLYG SPDR S&P600 Small Cap Growth 34.0 15 24 5.0 -0.2
IJT iShares S&P 600 SmallCap Growth 33.9 25 14 4.9 -0.3
PSC Principal U.S. Small Cap Index 33.9 38 1 6.7 +1.4

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

Content on this tab for subscribers only

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

NEUTRAL

Average appreciation potential. A rating of NEUTRAL is assigned to ETFs with ALTAR Scores in the middle quintile (ranking between 40%-60%) of their category. This indicates that valuations adequately reflect the fundamentals of stocks in these funds.

ALTAR Score™


Calculation of ALTAR Score™
Avg. Return on Equity 5.7 %
Divided by: Fwd. P/BV 1.0 x
Less: Expense ratio 39 bp
Equals: ALTAR Score 5.2 %
info More information on ALTAR Score™

MODERN PORTFOLIO THEORY info

CONSENSUS RECOMMENDATIONS: FUND CONSTITUENTS
COMPOSITE
RATING
1.55 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.