This Mid-Cap ETF is Taking Off..

RWK allocates about 36% of its weight to the consumer discretionary and technology sectors, giving the ETF a growth feel. Adding to the cyclical feel is a combined 36% weight to industria, financial services and materials stocks.

Oppenheimer’s other revenue-weighted domestic ETFs include the Oppenheimer Large Cap Revenue ETF (NYSEArca: RWL), Oppenheimer Small Cap Revenue ETF (NYSEArca: RWJ), Oppenheimer Ultra Dividend Revenue ETF (NYSEArca: RDIV) and the Oppenheimer Financials Sector Revenue ETF (NYSEArca: RWW).

The underlying index implements a rules-based, disciplined smart beta indexing methodology targets known indices like the S&P 500 and tries to improve their performance return through weighting each security in the index by top line revenue. Components are then rebalanced every quarter to keep the Revenue-Weighted indices in line with the companies’ most recently reported revenue levels.

For more on Smart Beta ETFs, visit the Smart Beta Channel home page.