N-Q

UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
Washington, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number      811-21993            

                 Oppenheimer Revenue Weighted ETF Trust                  
(Exact name of registrant as specified in charter)

                 6803 South Tucson Way, Centennial, Colorado 80112-3924                  
(Address of principal executive offices) (Zip code)

Cynthia Lo Bessette

VTL Associates, LLC

                 225 Liberty Street, New York, New York 10281-1008                  
(Name and address of agent for service)

Registrant's telephone number, including area code: (303) 768-3200

Date of fiscal year end: June 30

Date of reporting period: March 31, 2016

Form N-Q is to be used by management investment companies, other than small business investment companies registered on Form N-5 (§§ 239.24 and 274.5 of this chapter), to file reports with the Commission, not later than 60 days after the close of the first and third fiscal quarters, pursuant to rule 30b1-5 under the Investment Company Act of 1940 (17 CFR 270.30b1-5). The Commission may use the information provided on Form N-Q in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N-Q, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N-Q unless the Form displays a currently valid Office of Management and Budget ("OMB") control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to the Secretary, Securities and Exchange Commission, 100 F Street, NE, Washington, DC 20549. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

Item 1. Schedule of Investments.

The Schedule(s) of Investments is attached herewith.

Schedule of Investments

OPPENHEIMER LARGE CAP REVENUE ETF
(FORMERLY REVENUESHARES LARGE CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
COMMON STOCKS—99.6%
Automobiles & Components—3.7%
BorgWarner, Inc.		6,850	$	263,040
Delphi Automotive PLC		6,623		496,857
Ford Motor Co.		344,816		4,655,016
General Motors Co.		149,425		4,696,428
Goodyear Tire & Rubber Co. (The)		15,262		503,341
Harley-Davidson, Inc.		3,759		192,949
Johnson Controls, Inc.		29,863		1,163,761
Total Automobiles & Components				11,971,392
Banks—3.7%
Bank of America Corp.		175,637		2,374,612
BB&T Corp.(a)		8,163		271,583
Citigroup, Inc.		49,284		2,057,607
Citizens Financial Group, Inc.		6,399		134,059
Comerica, Inc.(a)		2,112		79,981
Fifth Third Bancorp		10,782		179,951
Huntington Bancshares, Inc.(a)		9,016		86,013
JPMorgan Chase & Co.		46,259		2,739,458
KeyCorp		11,072		122,235
M&T Bank Corp.		1,247		138,417
People's United Financial, Inc.(a)		2,405		38,312
PNC Financial Services Group, Inc. (The)		5,308		448,897
Regions Financial Corp.		18,844		147,925
SunTrust Banks, Inc.(a)		6,508		234,809
U.S. Bancorp		14,027		569,356
Wells Fargo & Co.		51,210		2,476,516
Zions Bancorporation(a)		2,522		61,058
Total Banks				12,160,789
Capital Goods—8.0%
3M Co.		5,735		955,623
Allegion PLC		924		58,868
AMETEK, Inc.		2,534		126,649
Boeing Co. (The)		23,583		2,993,626
Caterpillar, Inc.		19,764		1,512,737
Cummins, Inc.		5,624		618,303
Danaher Corp.		7,166		679,767
Deere & Co.		10,633		818,635
Dover Corp.		3,397		218,529
Eaton Corp. PLC		10,627		664,825
Emerson Electric Co.		12,803		696,227
Fastenal Co.(a)		2,528		123,872
Flowserve Corp.		3,097		137,538
Fluor Corp.		10,807		580,336
General Dynamics Corp.		7,201		945,995
Investments		Shares		Value
General Electric Co.		117,300	$	3,728,967
Honeywell International, Inc.		10,854		1,216,191
Illinois Tool Works, Inc.		4,187		428,916
Ingersoll-Rand PLC		6,939		430,287
Jacobs Engineering Group, Inc.*		8,644		376,446
L-3 Communications Holdings, Inc.		2,903		344,005
Lockheed Martin Corp.		6,516		1,443,294
Masco Corp.		7,428		233,611
Northrop Grumman Corp.		3,775		747,072
PACCAR, Inc.(a)		11,104		607,278
Parker-Hannifin Corp.(a)		3,357		372,896
Pentair PLC(a)		3,923		212,862
Quanta Services, Inc.*(a)		10,296		232,278
Raytheon Co.		5,806		711,990
Rockwell Automation, Inc.		1,772		201,565
Rockwell Collins, Inc.		1,772		163,396
Roper Technologies, Inc.		602		110,028
Snap-on, Inc.		757		118,841
Stanley Black & Decker, Inc.		3,439		361,817
Textron, Inc.		12,229		445,869
United Rentals, Inc.*		2,998		186,446
United Technologies Corp.		18,264		1,828,226
W.W. Grainger, Inc.(a)		1,407		328,436
Xylem, Inc.		2,861		117,015
Total Capital Goods				26,079,262
Commercial & Professional Services—0.6%
ADT Corp. (The)		2,655		109,545
Cintas Corp.		1,555		139,654
Dun & Bradstreet Corp. (The)		493		50,818
Equifax, Inc.		711		81,260
Nielsen Holdings PLC		3,733		196,580
Pitney Bowes, Inc.		5,368		115,627
Republic Services, Inc.		5,909		281,564
Robert Half International, Inc.		3,664		170,669
Stericycle, Inc.*(a)		793		100,069
Tyco International PLC		8,283		304,069
Verisk Analytics, Inc.*(a)		777		62,098
Waste Management, Inc.		6,806		401,554
Total Commercial & Professional Services				2,013,507
Consumer Durables & Apparel—1.6%
Coach, Inc.(a)		3,272		131,174
D.R. Horton, Inc.(a)		11,327		342,415
Garmin Ltd.(a)		2,177		86,993
Hanesbrands, Inc.		6,089		172,562
Harman International Industries, Inc.(a)		2,459		218,949

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER LARGE CAP REVENUE ETF
(FORMERLY REVENUESHARES LARGE CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Hasbro, Inc.		1,748	$	140,015
Leggett & Platt, Inc.		2,565		124,146
Lennar Corp., Class A(a)		6,275		303,459
Mattel, Inc.(a)		5,301		178,220
Michael Kors Holdings Ltd.*		2,412		137,388
Mohawk Industries, Inc.*		1,332		254,279
Newell Rubbermaid, Inc.(a)		4,399		194,832
NIKE, Inc., Class B		15,977		982,106
PulteGroup, Inc.		9,953		186,221
PVH Corp.		2,791		276,476
Ralph Lauren Corp.		2,307		222,072
Under Armour, Inc., Class A*(a)		1,471		124,785
VF Corp.		5,797		375,414
Whirlpool Corp.		3,892		701,883
Total Consumer Durables & Apparel				5,153,389
Consumer Services—1.1%
Carnival Corp.		10,046		530,127
Chipotle Mexican Grill, Inc.*(a)		283		133,284
Darden Restaurants, Inc.		3,134		207,784
H&R Block, Inc.		3,349		88,481
Marriott International, Inc., Class A(a)		1,219		86,768
McDonald's Corp.		6,412		805,860
Royal Caribbean Cruises Ltd.		3,471		285,143
Starbucks Corp.		10,490		626,253
Starwood Hotels & Resorts Worldwide, Inc.		1,309		109,210
Wyndham Worldwide Corp.		2,176		166,312
Wynn Resorts Ltd.(a)		1,431		133,698
Yum! Brands, Inc.		5,168		423,001
Total Consumer Services				3,595,921
Diversified Financials—4.2%
Affiliated Managers Group, Inc.*		534		86,722
American Express Co.		15,866		974,172
Ameriprise Financial, Inc.		4,040		379,800
Bank of New York Mellon Corp. (The)		12,197		449,216
Berkshire Hathaway, Inc., Class B*		43,582		6,183,414
BlackRock, Inc.		1,030		350,787
Capital One Financial Corp.		8,142		564,322
Charles Schwab Corp. (The)		6,844		191,769
CME Group, Inc.		1,047		100,564
Discover Financial Services		4,497		228,987
E*TRADE Financial Corp.*		2,215		54,245
Franklin Resources, Inc.		6,101		238,244
Goldman Sachs Group, Inc. (The)		6,715		1,054,121
Intercontinental Exchange, Inc.		421		98,994
Invesco Ltd.		5,238		161,173
Investments		Shares		Value
Legg Mason, Inc.		2,528	$	87,671
Leucadia National Corp.(a)		23,098		373,495
McGraw Hill Financial, Inc.		1,660		164,307
Moody's Corp.		1,116		107,761
Morgan Stanley		41,451		1,036,690
Nasdaq, Inc.		1,575		104,548
Navient Corp.		6,174		73,903
Northern Trust Corp.		2,212		144,156
State Street Corp.		5,461		319,578
Synchrony Financial*		7,224		207,040
T. Rowe Price Group, Inc.		1,750		128,555
Total Diversified Financials				13,864,234
Energy—8.5%
Anadarko Petroleum Corp.		6,274		292,180
Apache Corp.(a)		4,304		210,078
Baker Hughes, Inc.		10,543		462,100
Cabot Oil & Gas Corp.		1,798		40,833
Cameron International Corp.*		3,967		265,987
Chesapeake Energy Corp.(a)		84,095		346,471
Chevron Corp.		39,721		3,789,383
Cimarex Energy Co.(a)		423		41,145
Columbia Pipeline Group, Inc.		1,795		45,055
Concho Resources, Inc.*(a)		543		54,865
ConocoPhillips		22,934		923,552
Devon Energy Corp.		15,668		429,930
Diamond Offshore Drilling, Inc.		3,169		68,862
EOG Resources, Inc.		3,542		257,078
EQT Corp.		980		65,915
Exxon Mobil Corp.		88,349		7,385,093
FMC Technologies, Inc.*		7,084		193,818
Halliburton Co.		20,040		715,829
Helmerich & Payne, Inc.		1,235		72,519
Hess Corp.		3,909		205,809
Kinder Morgan, Inc.		23,712		423,496
Marathon Oil Corp.		15,379		171,322
Marathon Petroleum Corp.		52,264		1,943,176
Murphy Oil Corp.(a)		3,604		90,785
National Oilwell Varco, Inc.(a)		13,494		419,663
Newfield Exploration Co.*		1,500		49,875
Noble Energy, Inc.		2,782		87,383
Occidental Petroleum Corp.		5,466		374,038
ONEOK, Inc.(a)		8,412		251,182
Phillips 66		30,251		2,619,434
Pioneer Natural Resources Co.		706		99,363
Range Resources Corp.(a)		1,175		38,047

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER LARGE CAP REVENUE ETF
(FORMERLY REVENUESHARES LARGE CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Schlumberger Ltd.		14,468	$	1,067,015
Southwestern Energy Co.*(a)		11,855		95,670
Spectra Energy Corp.		5,288		161,813
Tesoro Corp.		9,741		837,823
Transocean Ltd.(a)		19,182		175,324
Valero Energy Corp.		41,208		2,643,081
Williams Cos., Inc. (The)		14,027		225,414
Total Energy				27,640,406
Food & Staples Retailing—10.1%
Costco Wholesale Corp.		23,401		3,687,530
CVS Health Corp.		49,639		5,149,054
Kroger Co. (The)		86,298		3,300,899
Sysco Corp.		32,703		1,528,211
Walgreens Boots Alliance, Inc.		42,468		3,577,504
Wal-Mart Stores, Inc.		221,017		15,137,454
Whole Foods Market, Inc.		14,093		438,433
Total Food & Staples Retailing				32,819,085
Food, Beverage & Tobacco—4.1%
Altria Group, Inc.		9,318		583,866
Archer-Daniels-Midland Co.		56,721		2,059,539
Brown-Forman Corp., Class B		948		93,350
Campbell Soup Co.		3,851		245,655
Coca-Cola Co. (The)		29,656		1,375,742
Coca-Cola Enterprises, Inc.		4,322		219,298
ConAgra Foods, Inc.		9,686		432,189
Constellation Brands, Inc., Class A		1,398		211,224
Dr Pepper Snapple Group, Inc.		2,062		184,384
General Mills, Inc.		8,677		549,688
Hershey Co. (The)		2,457		226,265
Hormel Foods Corp.		6,520		281,925
JM Smucker Co. (The)		1,639		212,808
Kellogg Co.		5,641		431,819
Kraft Heinz Co. (The)		6,917		543,399
McCormick & Co., Inc.		1,397		138,974
Mead Johnson Nutrition Co.		1,611		136,887
Molson Coors Brewing Co., Class B		1,138		109,453
Mondelez International, Inc., Class A		21,428		859,691
Monster Beverage Corp.*		591		78,828
PepsiCo, Inc.		19,080		1,955,318
Philip Morris International, Inc.		8,508		834,720
Reynolds American, Inc.		6,343		319,116
Tyson Foods, Inc., Class A		18,423		1,228,077
Total Food, Beverage & Tobacco				13,312,215
Health Care Equipment & Services—10.8%
Abbott Laboratories		15,470		647,110
Investments		Shares		Value
Aetna, Inc.		16,294	$	1,830,631
AmerisourceBergen Corp.		47,465		4,108,096
Anthem, Inc.		16,969		2,358,521
Baxter International, Inc.		7,579		311,345
Becton Dickinson & Co.(a)		2,290		347,668
Boston Scientific Corp.*(a)		12,559		236,235
C.R. Bard, Inc.		508		102,956
Cardinal Health, Inc.		40,991		3,359,213
Centene Corp.*		1,705		104,977
Cerner Corp.*		2,321		122,920
Cigna Corp.		8,046		1,104,233
DaVita HealthCare Partners, Inc.*		5,934		435,437
Dentsply Sirona, Inc.		1,279		78,825
Edwards Lifesciences Corp.*		874		77,096
Express Scripts Holding Co.*		44,175		3,034,381
HCA Holdings, Inc.*		16,282		1,270,810
Henry Schein, Inc.*		1,922		331,795
Hologic, Inc.*		5,428		187,266
Humana, Inc.		8,911		1,630,267
Intuitive Surgical, Inc.*		140		84,147
Laboratory Corp. of America Holdings*		2,250		263,543
McKesson Corp.		34,577		5,437,233
Medtronic PLC		10,202		765,150
Patterson Cos., Inc.		3,203		149,036
Quest Diagnostics, Inc.		3,221		230,140
St. Jude Medical, Inc.		3,009		165,495
Stryker Corp.		2,908		311,999
Tenet Healthcare Corp.*		20,651		597,433
UnitedHealth Group, Inc.		38,501		4,962,779
Universal Health Services, Inc., Class B		2,395		298,704
Varian Medical Systems, Inc.*(a)		1,191		95,304
Zimmer Biomet Holdings, Inc.		1,757		187,349
Total Health Care Equipment & Services				35,228,094
Household & Personal Products—1.2%
Church & Dwight Co., Inc.		1,145		105,546
Clorox Co. (The)		1,411		177,871
Colgate-Palmolive Co.		7,193		508,186
Estee Lauder Cos., Inc., (The), Class A		3,643		343,571
Kimberly-Clark Corp.		4,281		575,837
Procter & Gamble Co. (The)		26,032		2,142,694
Total Household & Personal Products				3,853,705
Insurance—4.1%
Aflac, Inc.		10,287		649,521
Allstate Corp. (The)		16,686		1,124,136
American International Group, Inc.		33,740		1,823,647

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER LARGE CAP REVENUE ETF
(FORMERLY REVENUESHARES LARGE CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Aon PLC		3,558	$	371,633
Assurant, Inc.		4,081		314,849
Chubb Ltd.		4,851		577,997
Cincinnati Financial Corp.		2,392		156,341
Hartford Financial Services Group, Inc. (The)		12,558		578,673
Lincoln National Corp.		10,324		404,701
Loews Corp.		10,906		417,263
Marsh & McLennan Cos., Inc.		6,729		409,056
MetLife, Inc.		48,129		2,114,788
Principal Financial Group, Inc.		9,078		358,127
Progressive Corp. (The)		19,238		676,023
Prudential Financial, Inc.		24,314		1,755,957
Torchmark Corp.		2,232		120,885
Travelers Cos., Inc. (The)(a)		7,215		842,063
Unum Group(a)		10,393		321,352
Willis Towers Watson PLC		971		115,219
XL Group PLC		8,204		301,907
Total Insurance				13,434,138
Materials—3.3%
Air Products & Chemicals, Inc.		2,178		313,741
Airgas, Inc.		1,168		165,435
Alcoa, Inc.(a)		72,513		694,674
Avery Dennison Corp.		2,688		193,832
Ball Corp.		3,487		248,588
CF Industries Holdings, Inc.		3,710		116,271
Dow Chemical Co. (The)		29,554		1,503,116
E.I. du Pont de Nemours & Co.		12,043		762,563
Eastman Chemical Co.		4,145		299,393
Ecolab, Inc.		3,903		435,263
FMC Corp.		2,500		100,925
Freeport-McMoRan, Inc.(a)		50,076		517,786
International Flavors & Fragrances, Inc.		813		92,495
International Paper Co.(a)		17,169		704,616
LyondellBasell Industries NV, Class A		11,466		981,260
Martin Marietta Materials, Inc.		619		98,737
Monsanto Co.		4,838		424,486
Mosaic Co. (The)(a)		9,429		254,583
Newmont Mining Corp.		8,964		238,263
Nucor Corp.		11,632		550,194
Owens-Illinois, Inc.*		12,826		204,703
PPG Industries, Inc.		4,477		499,141
Praxair, Inc.		2,974		340,374
Sealed Air Corp.		4,593		220,510
Sherwin-Williams Co. (The)		1,222		347,867
Vulcan Materials Co.		1,008		106,415
Investments		Shares		Value
WestRock Co.		10,504	$	409,971
Total Materials				10,825,202
Media—2.7%
Cablevision Systems Corp., Class A		6,068		200,244
CBS Corp., Class B		8,016		441,601
Comcast Corp., Class A		38,623		2,359,093
Discovery Communications, Inc., Class A*		3,447		98,688
Discovery Communications, Inc., Class C*		3,589		96,903
Interpublic Group of Cos., Inc. (The)		10,966		251,670
News Corp., Class A(a)		10,945		139,768
News Corp., Class B		10,367		137,363
Omnicom Group, Inc.(a)		5,881		489,476
Scripps Networks Interactive, Inc., Class A		1,432		93,796
TEGNA, Inc.		4,459		104,608
Time Warner Cable, Inc.		3,710		759,140
Time Warner, Inc.		12,239		887,939
Twenty-First Century Fox, Inc., Class A		14,555		405,793
Twenty-First Century Fox, Inc., Class B		14,412		406,418
Viacom, Inc., Class B		10,207		421,345
Walt Disney Co. (The)		16,339		1,622,626
Total Media				8,916,471
Pharmaceuticals, Biotechnology & Life Sciences—3.5%
AbbVie, Inc.		12,136		693,208
Agilent Technologies, Inc.		3,163		126,046
Alexion Pharmaceuticals, Inc.*		573		79,773
Allergan PLC*		1,562		418,663
Amgen, Inc.		4,592		688,479
Baxalta, Inc.		4,779		193,072
Biogen, Inc.*		1,270		330,606
Bristol-Myers Squibb Co.		7,812		499,031
Celgene Corp.*		2,779		278,150
Eli Lilly & Co.		8,174		588,610
Endo International PLC*		2,368		66,659
Gilead Sciences, Inc.		11,154		1,024,607
Illumina, Inc.*		413		66,951
Johnson & Johnson		19,957		2,159,347
Mallinckrodt PLC*		1,515		92,839
Merck & Co., Inc.		22,744		1,203,385
Mylan NV*(a)		5,935		275,087
PerkinElmer, Inc.		1,393		68,898
Perrigo Co. PLC		1,216		155,563
Pfizer, Inc.		49,088		1,454,968
Regeneron Pharmaceuticals, Inc.*		374		134,805
Thermo Fisher Scientific, Inc.(a)		3,734		528,697
Vertex Pharmaceuticals, Inc.*		364		28,934

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER LARGE CAP REVENUE ETF
(FORMERLY REVENUESHARES LARGE CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Waters Corp.*(a)		495	$	65,300
Zoetis, Inc.		3,478		154,180
Total Pharmaceuticals, Biotechnology & Life Sciences				11,375,858
Real Estate—0.8%
American Tower Corp.		1,453		148,744
Apartment Investment & Management Co., Class A		687		28,730
AvalonBay Communities, Inc.		351		66,760
Boston Properties, Inc.		659		83,746
CBRE Group, Inc., Class A*		11,937		344,024
Crown Castle International Corp.		1,302		112,623
Equinix, Inc.		278		91,937
Equity Residential		1,125		84,409
Essex Property Trust, Inc.		170		39,756
Extra Space Storage, Inc.		275		25,702
Federal Realty Investment Trust(a)		136		21,223
General Growth Properties, Inc.		2,676		79,558
HCP, Inc.		2,385		77,703
Host Hotels & Resorts, Inc.		9,986		166,766
Iron Mountain, Inc.(a)		2,907		98,576
Kimco Realty Corp.		1,289		37,098
Macerich Co. (The)		502		39,779
Prologis, Inc.		1,700		75,106
Public Storage		277		76,405
Realty Income Corp.		463		28,942
Simon Property Group, Inc.		835		173,421
SL Green Realty Corp.		535		51,831
UDR, Inc.		761		29,321
Ventas, Inc.		1,671		105,206
Vornado Realty Trust		767		72,428
Welltower, Inc.		1,739		120,582
Weyerhaeuser Co.		7,539		233,558
Total Real Estate				2,513,934
Retailing—6.7%
Advance Auto Parts, Inc.		1,922		308,173
Amazon.com, Inc.*		5,775		3,428,271
AutoNation, Inc.*(a)		12,489		582,987
AutoZone, Inc.*		414		329,830
Bed Bath & Beyond, Inc.*		7,267		360,734
Best Buy Co., Inc.		36,049		1,169,430
CarMax, Inc.*(a)		8,822		450,804
Dollar General Corp.		7,220		618,032
Dollar Tree, Inc.*		4,827		398,034
Expedia, Inc.(a)		1,790		192,998
GameStop Corp., Class A(a)		9,287		294,677
Investments		Shares		Value
Gap, Inc. (The)(a)		16,413	$	482,542
Genuine Parts Co.		4,909		487,758
Home Depot, Inc. (The)		20,682		2,759,599
Kohl's Corp.		11,961		557,502
L Brands, Inc.		4,189		367,836
Lowe's Cos., Inc.		24,796		1,878,297
Macy's, Inc.		19,161		844,808
Netflix, Inc.*(a)		2,117		216,421
Nordstrom, Inc.		7,754		443,606
O'Reilly Automotive, Inc.*		898		245,747
Priceline Group, Inc. (The)*		261		336,419
Ross Stores, Inc.		6,198		358,864
Signet Jewelers Ltd.		1,826		226,479
Staples, Inc.		67,482		744,326
Target Corp.		27,683		2,277,757
Tiffany & Co.		1,735		127,314
TJX Cos., Inc. (The)		12,302		963,862
Tractor Supply Co.		2,097		189,695
TripAdvisor, Inc.*		722		48,013
Urban Outfitters, Inc.*		3,206		106,087
Total Retailing				21,796,902
Semiconductors & Semiconductor Equipment—1.5%
Analog Devices, Inc.(a)		1,880		111,277
Applied Materials, Inc.		14,792		313,295
Broadcom Ltd.		1,433		221,398
First Solar, Inc.*		1,557		106,608
Intel Corp.		53,367		1,726,422
KLA-Tencor Corp.		1,236		89,993
Lam Research Corp.		2,375		196,175
Linear Technology Corp.		948		42,243
Microchip Technology, Inc.(a)		1,308		63,046
Micron Technology, Inc.*		40,233		421,240
NVIDIA Corp.		4,606		164,112
Qorvo, Inc.*(a)		1,667		84,033
QUALCOMM, Inc.		14,083		720,205
Skyworks Solutions, Inc.(a)		1,369		106,645
Texas Instruments, Inc.		7,108		408,141
Xilinx, Inc.		1,367		64,837
Total Semiconductors & Semiconductor Equipment				4,839,670
Software & Services—4.9%
Accenture PLC, Class A		9,044		1,043,678
Activision Blizzard, Inc.		4,546		153,837
Adobe Systems, Inc.*		1,699		159,366
Akamai Technologies, Inc.*		1,164		64,684
Alliance Data Systems Corp.*		934		205,480

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER LARGE CAP REVENUE ETF
(FORMERLY REVENUESHARES LARGE CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Alphabet, Inc., Class A*		1,544	$	1,177,918
Alphabet, Inc., Class C*		1,582		1,178,511
Autodesk, Inc.*		1,362		79,418
Automatic Data Processing, Inc.		3,943		353,727
CA, Inc.(a)		4,051		124,730
Citrix Systems, Inc.*		1,313		103,176
Cognizant Technology Solutions Corp., Class A*		6,681		418,899
CSRA, Inc.		4,826		129,819
eBay, Inc.*		13,931		332,394
Electronic Arts, Inc.*		2,031		134,269
Facebook, Inc., Class A*		5,021		572,896
Fidelity National Information Services, Inc.		3,221		203,922
Fiserv, Inc.*		1,607		164,846
International Business Machines Corp.		17,603		2,665,974
Intuit, Inc.		1,291		134,277
MasterCard, Inc., Class A		3,343		315,914
Microsoft Corp.		50,887		2,810,489
Oracle Corp.		29,517		1,207,540
Paychex, Inc.		1,645		88,846
PayPal Holdings, Inc.*		7,177		277,032
Red Hat, Inc.*		837		62,365
salesforce.com, Inc.*		2,694		198,898
Symantec Corp.		9,305		171,026
Teradata Corp.*		2,902		76,148
Total System Services, Inc.		1,900		90,402
VeriSign, Inc.*(a)		354		31,343
Visa, Inc., Class A		6,011		459,721
Western Union Co. (The)		8,800		169,752
Xerox Corp.		51,328		572,820
Yahoo!, Inc.*		4,472		164,614
Total Software & Services				16,098,731
Technology Hardware & Equipment—5.3%
Amphenol Corp., Class A		3,027		175,021
Apple, Inc.		70,467		7,680,198
Cisco Systems, Inc.		54,589		1,554,149
Corning, Inc.		14,363		300,043
EMC Corp.		28,868		769,332
F5 Networks, Inc.*		587		62,134
FLIR Systems, Inc.		1,488		49,030
Harris Corp.		2,183		169,968
Hewlett Packard Enterprise Co.		98,845		1,752,522
HP, Inc.		237,358		2,924,251
Juniper Networks, Inc.		5,681		144,922
Motorola Solutions, Inc.		2,614		197,880
NetApp, Inc.		6,650		181,478
Investments		Shares		Value
SanDisk Corp.		2,189	$	166,539
Seagate Technology PLC(a)		10,971		377,951
TE Connectivity Ltd.		6,165		381,737
Western Digital Corp.		8,549		403,855
Total Technology Hardware & Equipment				17,291,010
Telecommunication Services—3.0%
AT&T, Inc.		117,313		4,595,150
CenturyLink, Inc.(a)		17,261		551,662
Frontier Communications Corp.(a)		31,814		177,840
Level 3 Communications, Inc.*		4,852		256,428
Verizon Communications, Inc.		76,807		4,153,723
Total Telecommunication Services				9,734,803
Transportation—3.1%
American Airlines Group, Inc.		29,598		1,213,814
C.H. Robinson Worldwide, Inc.		5,700		423,111
CSX Corp.		13,880		357,410
Delta Air Lines, Inc.		26,122		1,271,619
Expeditors International of Washington, Inc.		4,196		204,807
FedEx Corp.		10,306		1,676,992
JB Hunt Transport Services, Inc.(a)		2,307		194,342
Kansas City Southern		869		74,256
Norfolk Southern Corp.		4,075		339,244
Ryder System, Inc.		3,281		212,543
Southwest Airlines Co.		13,893		622,406
Union Pacific Corp.		8,246		655,969
United Continental Holdings, Inc.*		19,841		1,187,682
United Parcel Service, Inc., Class B		17,752		1,872,304
Total Transportation				10,306,499
Utilities—3.1%
AES Corp.		42,141		497,264
AGL Resources, Inc.		1,867		121,616
Ameren Corp.		3,746		187,675
American Electric Power Co., Inc.		6,980		463,472
American Water Works Co., Inc.(a)		1,413		97,398
CenterPoint Energy, Inc.		11,166		233,593
CMS Energy Corp.		4,825		204,773
Consolidated Edison, Inc.		5,258		402,868
Dominion Resources, Inc.		4,958		372,445
DTE Energy Co.		3,592		325,651
Duke Energy Corp.(a)		9,090		733,381
Edison International		5,021		360,960
Entergy Corp.		4,648		368,493
Eversource Energy(a)		4,311		251,504
Exelon Corp.		25,970		931,284
FirstEnergy Corp.		12,537		450,956

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER LARGE CAP REVENUE ETF
(FORMERLY REVENUESHARES LARGE CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
NextEra Energy, Inc.		4,627	$	547,559
NiSource, Inc.		7,344		173,025
NRG Energy, Inc.		32,480		422,565
PG&E Corp.		9,008		537,958
Pinnacle West Capital Corp.		1,504		112,905
PPL Corp.		6,418		244,333
Public Service Enterprise Group, Inc.		7,206		339,691
SCANA Corp.		1,999		140,230
Sempra Energy		3,155		328,278
Southern Co. (The)		10,772		557,235
TECO Energy, Inc.		2,993		82,397
WEC Energy Group, Inc.(a)		3,118		187,298
Xcel Energy, Inc.(a)		8,367		349,908
Total Utilities				10,026,715
Total Common Stocks
(Cost $285,363,240)				324,851,932
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—1.8%
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.33% (b) (Cost $5,617,901)		5,617,901		5,617,901
Total Investments—101.4% (Cost $290,981,141)				330,469,833
Liabilities in Excess of Other Assets—(1.4)%				(4,431,195	)
Net Assets—100.0%			$	326,038,638

PLC - Public Limited Company

*	Non-income producing security
(a)	All or a portion of the security was on loan. The aggregate market value of the securities on loan was $15,348,437; total market value of the collateral held by the fund was $15,707,244.  The total market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $10,089,343.
(b)	Rate shown represents annualized 7-day yield as of March 31, 2016.

The accompanying notes are an integral part of these financial documents.

Schedule of Investments

OPPENHEIMER MID CAP REVENUE ETF
(FORMERLY REVENUESHARES MID CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Ce

Investments	Shares		Value
COMMON STOCKS—98.2%
Automobiles & Components—0.9%
Dana Holding Corp.		64,033	$	902,225
Gentex Corp.		13,602		213,415
Thor Industries, Inc.		9,302		593,189
Total Automobiles & Components				1,708,829
Banks—1.6%
Associated Banc-Corp.		7,077		126,961
BancorpSouth, Inc.		4,635		98,772
Bank of Hawaii Corp.		1,150		78,522
Bank of the Ozarks, Inc.		1,494		62,703
Cathay General Bancorp		2,017		57,142
Commerce Bancshares, Inc.(a)		3,241		145,683
Cullen/Frost Bankers, Inc.(a)		2,400		132,264
East West Bancorp, Inc.		4,536		147,329
F.N.B. Corp.(a)		6,630		86,256
First Horizon National Corp.		11,957		156,637
First Niagara Financial Group, Inc.		18,596		180,009
FirstMerit Corp.		6,125		128,931
Fulton Financial Corp.		6,867		91,880
Hancock Holding Co.		4,253		97,649
International Bancshares Corp.		2,657		65,522
New York Community Bancorp, Inc.		5,509		87,593
PacWest Bancorp		3,226		119,846
PrivateBancorp, Inc.(a)		2,290		88,394
Prosperity Bancshares, Inc.		2,254		104,563
Signature Bank*		939		127,817
SVB Financial Group*		1,891		192,976
Synovus Financial Corp.		5,033		145,504
TCF Financial Corp.		13,230		162,200
Trustmark Corp.		3,252		74,894
Umpqua Holdings Corp.		9,372		148,640
Valley National Bancorp		8,580		81,853
Washington Federal, Inc.		2,901		65,708
Webster Financial Corp.(a)		3,167		113,695
Total Banks				3,169,943
Capital Goods—10.9%
A.O. Smith Corp.		4,755		362,854
Acuity Brands, Inc.(a)		1,789		390,252
AECOM*(a)		81,570		2,511,540
AGCO Corp.(a)		19,760		982,072
B/E Aerospace, Inc.		8,296		382,612
Carlisle Cos., Inc.		5,094		506,853
CLARCOR, Inc.(a)		3,975		229,715
Investments		Shares		Value
Crane Co.		7,181	$	386,769
Curtiss-Wright Corp.		4,207		318,344
Donaldson Co., Inc.(a)		10,142		323,631
Esterline Technologies Corp.*		4,026		257,946
Fortune Brands Home & Security, Inc.(a)		12,237		685,761
GATX Corp.		4,207		199,833
Graco, Inc.		2,184		183,369
Granite Construction, Inc.		7,572		361,942
Hubbell, Inc.		4,646		492,151
Huntington Ingalls Industries, Inc.		7,213		987,748
IDEX Corp.		3,523		291,986
ITT Corp.		9,454		348,758
Joy Global, Inc.(a)		27,299		438,695
KBR, Inc.		46,621		721,693
Kennametal, Inc.		14,354		322,821
KLX, Inc.*		7,632		245,292
Lennox International, Inc.		3,644		492,632
Lincoln Electric Holdings, Inc.		6,006		351,771
MSC Industrial Direct Co., Inc., Class A		5,546		423,215
Nordson Corp.		3,154		239,830
NOW, Inc.*(a)		22,519		399,037
Orbital ATK, Inc.		8,655		752,466
Oshkosh Corp.(a)		22,187		906,783
Regal Beloit Corp.		8,207		517,780
Teledyne Technologies, Inc.*		3,559		313,690
Terex Corp.		42,079		1,046,926
Timken Co. (The)		12,694		425,122
Toro Co. (The)		3,994		343,963
Trinity Industries, Inc.		46,150		845,007
Triumph Group, Inc.		17,431		548,728
Valmont Industries, Inc.		3,048		377,464
Wabtec Corp.		5,861		464,719
Watsco, Inc.		4,430		596,898
Woodward, Inc.		5,459		283,977
Total Capital Goods				21,262,645
Commercial & Professional Services—3.6%
CEB, Inc.		2,093		135,480
Clean Harbors, Inc.*		9,897		488,318
Copart, Inc.*(a)		3,900		159,003
Deluxe Corp.		4,067		254,147
FTI Consulting, Inc.*		7,295		259,045
Herman Miller, Inc.		10,680		329,905
HNI Corp.		9,038		354,018
Manpowergroup, Inc.		33,862		2,757,044
MSA Safety, Inc.		3,345		161,731

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER MID CAP REVENUE ETF
(FORMERLY REVENUESHARES MID CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
R.R. Donnelley & Sons Co.	95,769	$	1,570,612
Rollins, Inc.	7,363		199,684
Waste Connections, Inc.	4,503		290,849
Total Commercial & Professional Services			6,959,836
Consumer Durables & Apparel—4.2%
Brunswick Corp.(a)	12,321		591,161
CalAtlantic Group, Inc.(a)	14,952		499,696
Carter’s, Inc.	4,097		431,742
Deckers Outdoor Corp.*	4,412		264,323
Fossil Group, Inc.*(a)	9,159		406,843
Jarden Corp.*	21,220		1,250,919
Kate Spade & Co.*	7,023		179,227
KB Home(a)	30,994		442,594
MDC Holdings, Inc.(a)	10,805		270,773
NVR, Inc.*	443		767,453
Polaris Industries, Inc.	6,748		664,543
Skechers U.S.A., Inc., Class A*	13,442		409,309
Tempur Sealy International, Inc.*	7,444		452,521
Toll Brothers, Inc.*	20,078		592,502
TRI Pointe Group, Inc.*(a)	28,773		338,946
Tupperware Brands Corp.	5,636		326,775
Vista Outdoor, Inc.*	5,478		284,363
Total Consumer Durables & Apparel			8,173,690
Consumer Services—2.0%
Brinker International, Inc.(a)	8,706		400,041
Buffalo Wild Wings, Inc.*	1,555		230,327
Cheesecake Factory, Inc. (The)	5,409		287,164
Cracker Barrel Old Country Store, Inc.	2,623		400,453
DeVry Education Group, Inc.(a)	11,911		205,703
Domino’s Pizza, Inc.	2,048		270,049
Dunkin' Brands Group, Inc.	2,403		113,349
Graham Holdings Co., Class B	795		381,600
International Speedway Corp., Class A	2,373		87,587
Jack in the Box, Inc.	3,192		203,873
Panera Bread Co., Class A*	1,767		361,935
Service Corp. International	17,099		422,003
Sotheby’s	5,061		135,281
Wendy’s Co. (The)	26,679		290,534
Total Consumer Services			3,789,899
Diversified Financials—1.3%
CBOE Holdings, Inc.	1,343		87,738
Eaton Vance Corp.(a)	6,101		204,506
FactSet Research Systems, Inc.	921		139,559
Federated Investors, Inc., Class B	4,480		129,248
Janus Capital Group, Inc.(a)	10,462		153,059
Investments	Shares		Value
MarketAxess Holdings, Inc.(a)	332	$	41,444
MSCI, Inc.	2,122		157,198
Raymond James Financial, Inc.	14,885		708,675
SEI Investments Co.	4,490		193,294
SLM Corp.*	17,424		110,817
Stifel Financial Corp.*	9,930		293,928
Waddell & Reed Financial, Inc., Class A(a)	8,115		191,027
WisdomTree Investments, Inc.	3,203		36,610
Total Diversified Financials			2,447,103
Energy—7.1%
CONSOL Energy, Inc.(a)	29,341		331,260
Denbury Resources, Inc.(a)	72,214		160,315
Dril-Quip, Inc.*(a)	1,916		116,033
Energen Corp.	3,182		116,429
Ensco PLC, Class A	218,563		2,266,498
Gulfport Energy Corp.*	3,592		101,797
HollyFrontier Corp.(a)	50,231		1,774,159
Nabors Industries Ltd.	58,117		534,677
Noble Corp. PLC(a)	40,281		416,908
Oceaneering International, Inc.	12,913		429,228
Oil States International, Inc.*(a)	4,938		155,646
Patterson-UTI Energy, Inc.	14,247		251,032
QEP Resources, Inc.	22,042		311,013
Rowan Cos. PLC, Class A	17,930		288,673
SM Energy Co.(a)	12,386		232,114
Superior Energy Services, Inc.	28,461		381,093
Western Refining, Inc.(a)	47,298		1,375,899
World Fuel Services Corp.	88,742		4,311,086
WPX Energy, Inc.*(a)	33,020		230,810
Total Energy			13,784,670
Food & Staples Retailing—2.6%
Casey's General Stores, Inc.	8,604		975,005
Sprouts Farmers Market, Inc.*(a)	16,821		488,482
SUPERVALU, Inc.*	437,214		2,518,353
United Natural Foods, Inc.*(a)	28,675		1,155,602
Total Food & Staples Retailing			5,137,442
Food, Beverage & Tobacco—2.5%
Boston Beer Co., Inc. (The), Class A*(a)	716		132,510
Dean Foods Co.(a)	57,413		994,393
Flowers Foods, Inc.	28,879		533,106
Hain Celestial Group, Inc. (The)*(a)	9,509		389,013
Ingredion, Inc.	7,277		777,111
Lancaster Colony Corp.	1,510		166,961
Post Holdings, Inc.*	9,502		653,453
Snyder's-Lance, Inc.(a)	7,441		234,243

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER MID CAP REVENUE ETF
(FORMERLY REVENUESHARES MID CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Tootsie Roll Industries, Inc.(a)	2,238	$	78,203
TreeHouse Foods, Inc.*(a)	5,268		456,999
WhiteWave Foods Co. (The)*	13,115		532,994
Total Food, Beverage & Tobacco			4,948,986
Health Care Equipment & Services—6.5%
ABIOMED, Inc.*	4,075		386,351
Align Technology, Inc.*	1,579		114,778
Allscripts Healthcare Solutions, Inc.*	14,810		195,640
Amsurg Corp.*(a)	4,848		361,661
Community Health Systems, Inc.*	160,291		2,966,986
Cooper Cos., Inc. (The)	1,651		254,204
Halyard Health, Inc.*	7,765		223,088
Hill-Rom Holdings, Inc.	6,319		317,846
IDEXX Laboratories, Inc.*(a)	2,823		221,097
LifePoint Hospitals, Inc.*	10,889		754,063
LivaNova PLC*(a)	690		37,246
MEDNAX, Inc.*	5,872		379,449
Molina Healthcare, Inc.*(a)	28,639		1,846,929
Owens & Minor, Inc.	33,339		1,347,562
ResMed, Inc.(a)	3,925		226,944
STERIS PLC	4,099		291,234
Teleflex, Inc.	1,672		262,521
VCA, Inc.*	5,289		305,122
WellCare Health Plans, Inc.*	21,057		1,953,037
West Pharmaceutical Services, Inc.	2,943		204,009
Total Health Care Equipment & Services			12,649,767
Household & Personal Products—0.9%
Avon Products, Inc.	229,628		1,104,511
Edgewell Personal Care Co.	5,356		431,319
Energizer Holdings, Inc.	5,679		230,056
Total Household & Personal Products			1,765,886
Insurance—6.0%
Alleghany Corp.*	1,399		694,184
American Financial Group, Inc.	12,156		855,418
Arthur J. Gallagher & Co.	17,112		761,142
Aspen Insurance Holdings Ltd.	7,981		380,694
Brown & Brown, Inc.	6,640		237,712
CNO Financial Group, Inc.	28,588		512,297
Endurance Specialty Holdings Ltd.	4,492		293,507
Everest Re Group Ltd.	4,098		809,068
First American Financial Corp.	19,215		732,284
Genworth Financial, Inc., Class A*	416,297		1,136,491
Hanover Insurance Group, Inc. (The)	8,076		728,617
Kemper Corp.(a)	10,885		321,869
Mercury General Corp.	7,650		424,575
Investments	Shares		Value
Old Republic International Corp.	43,554	$	796,167
Primerica, Inc.(a)	4,349		193,661
Reinsurance Group of America, Inc.(a)	15,006		1,444,327
RenaissanceRe Holdings Ltd.	1,833		219,648
W.R. Berkley Corp.	18,564		1,043,297
Total Insurance			11,584,958
Materials—8.5%
Albemarle Corp.	8,196		523,970
Allegheny Technologies, Inc.(a)	32,423		528,495
AptarGroup, Inc.	4,209		330,028
Ashland, Inc.(a)	7,014		771,259
Bemis Co., Inc.	10,767		557,515
Cabot Corp.	7,629		368,710
Carpenter Technology Corp.(a)	8,769		300,163
Commercial Metals Co.	45,831		777,752
Compass Minerals International, Inc.(a)	2,104		149,089
Domtar Corp.	19,575		792,787
Eagle Materials, Inc.(a)	2,385		167,212
Greif, Inc., Class A	16,936		554,654
Louisiana-Pacific Corp.*(a)	15,822		270,873
Minerals Technologies, Inc.(a)	4,673		265,660
NewMarket Corp.	773		306,309
Olin Corp.(a)	23,762		412,746
Packaging Corp. of America(a)	14,226		859,250
PolyOne Corp.	15,725		475,681
Reliance Steel & Aluminum Co.	19,352		1,338,965
Royal Gold, Inc.	889		45,597
RPM International, Inc.	14,850		702,850
Scotts Miracle-Gro Co., (The), Class A	6,167		448,773
Sensient Technologies Corp.	3,043		193,109
Silgan Holdings, Inc.(a)	10,012		532,338
Sonoco Products Co.	14,577		708,005
Steel Dynamics, Inc.	49,605		1,116,609
United States Steel Corp.(a)	110,300		1,770,315
Valspar Corp. (The)	7,391		790,985
Worthington Industries, Inc.	12,828		457,190
Total Materials			16,516,889
Media—1.6%
AMC Networks, Inc., Class A*(a)	5,427		352,429
Cable One, Inc.	249		108,845
Cinemark Holdings, Inc.	11,313		405,345
DreamWorks Animation SKG, Inc., Class A*(a)	4,818		120,209
John Wiley & Sons, Inc., Class A	5,278		258,042
Live Nation Entertainment, Inc.*	44,214		986,414
Meredith Corp.	4,887		232,133

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER MID CAP REVENUE ETF
(FORMERLY REVENUESHARES MID CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
New York Times Co., (The), Class A	16,849	$	209,939
Time, Inc.	28,360		437,878
Total Media			3,111,234
Pharmaceuticals, Biotechnology & Life Sciences—0.9%
Akorn, Inc.*(a)	5,225		122,944
Bio-Rad Laboratories, Inc., Class A*	2,024		276,721
Bio-Techne Corp.(a)	635		60,020
Catalent, Inc.*(a)	9,736		259,659
Charles River Laboratories International, Inc.*	2,499		189,774
Mettler-Toledo International, Inc.*	1,007		347,173
PARAXEL International Corp.*(a)	4,557		285,861
United Therapeutics Corp.*	1,620		180,517
Total Pharmaceuticals, Biotechnology & Life Sciences			1,722,669
Real Estate—3.4%
Alexander & Baldwin, Inc.	2,164		79,376
Alexandria Real Estate Equities, Inc.	1,360		123,610
American Campus Communities, Inc.	2,297		108,166
Camden Property Trust	1,536		129,162
Care Capital Properties, Inc.	1,645		44,152
Communications Sales & Leasing, Inc.	4,623		102,862
Corporate Office Properties Trust	3,395		89,085
Corrections Corp. of America	8,081		258,996
Douglas Emmett, Inc.	3,067		92,347
Duke Realty Corp.	6,145		138,508
EPR Properties	901		60,025
Equity One, Inc.	1,758		50,384
First Industrial Realty Trust, Inc.	101,364		2,305,017
Healthcare Realty Trust, Inc.	1,827		56,436
Highwoods Properties, Inc.	1,916		91,604
Hospitality Properties Trust	10,348		274,843
Jones Lang LaSalle, Inc.	7,008		822,179
Kilroy Realty Corp.	1,397		86,432
Lamar Advertising Co., Class A	3,095		190,343
LaSalle Hotel Properties	6,669		168,792
Liberty Property Trust	3,550		118,783
Mack-Cali Realty Corp.	3,732		87,702
Mid-America Apartment Communities, Inc.	1,476		150,862
National Retail Properties, Inc.(a)	1,489		68,792
Omega Healthcare Investors, Inc.	3,033		107,065
Post Properties, Inc.	885		52,870
Potlatch Corp.	2,601		81,932
Rayonier, Inc.	3,251		80,235
Regency Centers Corp.(a)	1,097		82,110
Senior Housing Properties Trust	8,246		147,521
Sovran Self Storage, Inc.	388		45,765
Investments	Shares		Value
Tanger Factory Outlet Centers, Inc.	1,751	$	63,719
Taubman Centers, Inc.	1,080		76,928
Urban Edge Properties	1,788		46,202
Weingarten Realty Investors	1,997		74,927
WP GLIMCHER, Inc.	13,776		130,734
Total Real Estate			6,688,466
Retailing—8.2%
Aaron’s, Inc.	17,924		449,892
Abercrombie & Fitch Co., Class A(a)	14,953		471,618
American Eagle Outfitters, Inc.	28,894		481,663
Ascena Retail Group, Inc.*	67,863		750,565
Big Lots, Inc.	15,724		712,140
Cabela’s, Inc.*(a)	9,964		485,147
Chico’s FAS, Inc.	28,796		382,123
CST Brands, Inc.	40,437		1,548,333
Dick’s Sporting Goods, Inc.	21,422		1,001,478
Foot Locker, Inc.	15,679		1,011,295
Guess?, Inc.	13,378		251,105
HSN, Inc.	9,384		490,877
JC Penney Co., Inc.*(a)	155,751		1,722,606
LKQ Corp.*	31,781		1,014,767
Murphy USA, Inc.*	23,193		1,425,210
Office Depot, Inc.*	374,526		2,659,135
Pool Corp.	3,850		337,799
Williams-Sonoma, Inc.	11,800		645,932
Total Retailing			15,841,685
Semiconductors & Semiconductor Equipment—1.2%
Advanced Micro Devices, Inc.*(a)	221,072		630,055
Atmel Corp.	19,876		161,393
Cree, Inc.*(a)	7,625		221,888
Cypress Semiconductor Corp.	25,474		220,605
Fairchild Semiconductor International, Inc.*	9,430		188,600
Integrated Device Technology, Inc.*	4,472		91,408
Intersil Corp., Class A	5,510		73,669
Microsemi Corp.*	4,907		187,987
Silicon Laboratories, Inc.*	1,942		87,312
SunEdison, Inc.*(a)	126,015		68,073
Synaptics, Inc.*	3,052		243,367
Teradyne, Inc.	10,236		220,995
Total Semiconductors & Semiconductor Equipment			2,395,352
Software & Services—4.3%
ACI Worldwide, Inc.*	7,176		149,189
Acxiom Corp.*	5,783		123,988
ANSYS, Inc.*	1,498		134,011
Broadridge Financial Solutions, Inc.	6,846		406,036

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER MID CAP REVENUE ETF
(FORMERLY REVENUESHARES MID CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Cadence Design Systems, Inc.*	10,285	$	242,520
CDK Global, Inc.	6,259		291,356
CommVault Systems, Inc.*	2,014		86,944
Computer Sciences Corp.	39,150		1,346,368
comScore, Inc.*(a)	2,007		60,290
Convergys Corp.	15,323		425,520
CoreLogic, Inc.*	6,198		215,071
DST Systems, Inc.	3,576		403,266
Fair Isaac Corp.	1,172		124,337
Fortinet, Inc.*	4,851		148,586
Gartner, Inc.*	3,551		317,282
Global Payments, Inc.(a)	6,502		424,581
j2 Global, Inc.	1,692		104,193
Jack Henry & Associates, Inc.	2,194		185,547
Leidos Holdings, Inc.	14,343		721,740
Manhattan Associates, Inc.*	1,320		75,068
MAXIMUS, Inc.	5,775		303,996
Mentor Graphics Corp.	9,263		188,317
NeuStar, Inc., Class A*(a)	5,593		137,588
PTC, Inc.*	5,513		182,811
Rackspace Hosting, Inc.*	13,057		281,901
Science Applications International Corp.	12,596		671,871
Synopsys, Inc.*	6,678		323,482
Tyler Technologies, Inc.*(a)	657		84,497
Ultimate Software Group, Inc. (The)*(a)	498		96,363
WEX, Inc.*(a)	1,469		122,456
Total Software & Services			8,379,175
Technology Hardware & Equipment—14.1%
3D Systems Corp.*(a)	7,688		118,933
ARRIS International PLC*	27,715		635,228
Arrow Electronics, Inc.*	52,667		3,392,281
Avnet, Inc.	86,529		3,833,235
Belden, Inc.	5,630		345,569
Ciena Corp.*	19,020		361,760
Cognex Corp.	1,560		60,762
Diebold, Inc.	14,441		417,489
FEI Co.	1,498		133,337
Ingram Micro, Inc., Class A	173,813		6,241,625
InterDigital, Inc.	1,109		61,716
IPG Photonics Corp.*(a)	1,358		130,477
Jabil Circuit, Inc.	120,717		2,326,217
Keysight Technologies, Inc.*	14,746		409,054
Knowles Corp.*(a)	11,390		150,120
Lexmark International, Inc., Class A	14,660		490,084
National Instruments Corp.	5,587		168,225
Investments	Shares		Value
NCR Corp.*	32,656	$	977,394
NetScout Systems, Inc.*	5,125		117,721
Plantronics, Inc.	3,074		120,470
Polycom, Inc.*	15,819		176,382
SYNNEX Corp.	18,817		1,742,266
Tech Data Corp.*	46,958		3,604,966
Trimble Navigation Ltd.*	12,726		315,605
VeriFone Systems, Inc.*	9,766		275,792
Vishay Intertechnology, Inc.(a)	26,605		324,847
Zebra Technologies Corp., Class A*(a)	7,231		498,939
Total Technology Hardware & Equipment			27,430,494
Telecommunication Services—0.4%
Telephone & Data Systems, Inc.	25,510		767,596
Transportation—1.8%
Alaska Air Group, Inc.	9,528		781,487
Genesee & Wyoming, Inc., Class A*	4,567		286,351
JetBlue Airways Corp.*(a)	43,753		924,063
Kirby Corp.*(a)	4,939		297,772
Landstar System, Inc.	7,258		468,939
Old Dominion Freight Line, Inc.*(a)	5,967		415,423
Werner Enterprises, Inc.	10,497		285,099
Total Transportation			3,459,134
Utilities—3.7%
Alliant Energy Corp.(a)	6,330		470,192
Aqua America, Inc.	3,533		112,420
Atmos Energy Corp.(a)	7,347		545,588
Black Hills Corp.(a)	3,104		186,644
Cleco Corp.	3,545		195,719
Great Plains Energy, Inc.	11,144		359,394
Hawaiian Electric Industries, Inc.	11,508		372,859
IDACORP, Inc.	2,363		176,256
MDU Resources Group, Inc.	30,839		600,127
National Fuel Gas Co.	4,522		226,326
New Jersey Resources Corp.	9,335		340,074
OGE Energy Corp.	11,158		319,454
ONE Gas, Inc.(a)	3,546		216,661
PNM Resources, Inc.	5,965		201,140
Questar Corp.	6,264		155,347
Talen Energy Corp.*	76,178		685,602
UGI Corp.	22,367		901,166
Vectren Corp.	6,856		346,639
Westar Energy, Inc.	7,301		362,203
WGL Holdings, Inc.	4,972		359,824
Total Utilities			7,133,635

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER MID CAP REVENUE ETF
(FORMERLY REVENUESHARES MID CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Total Common Stocks
(Cost $181,449,349)		$	190,829,983
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—6.7%
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.33% (b) (Cost $13,013,714)	13,013,714		13,013,714
Total Investments—104.9% (Cost $194,463,063)			203,843,697
Liabilities in Excess of Other Assets—(4.9)%			(9,441,473	)
Net Assets—100.0%		$	194,402,224

PLC - Public Limited Company

*	Non-income producing security
(a)	All or a portion of the security was on loan. The aggregate market value of the securities on loan was $30,621,965; total market value of the collateral held by the fund was $31,488,677.  The total market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $18,474,963.
(b)	Rate shown represents annualized 7-day yield as of March 31, 2016.

The accompanying notes are an integral part of these financial documents.

Schedule of Investments

OPPENHEIMER SMALL CAP REVENUE ETF
(FORMERLY REVENUESHARES SMALL CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
COMMON STOCKS—99.9%
Automobiles & Components—1.0%
Dorman Products, Inc.*(a)		6,659	$	362,383
Drew Industries, Inc.		9,775		630,096
Gentherm, Inc.*		9,439		392,568
Motorcar Parts of America, Inc.*		4,197		159,402
Standard Motor Products, Inc.(a)		12,908		447,262
Superior Industries International, Inc.		14,445		318,946
Winnebago Industries, Inc.		20,423		458,496
Total Automobiles & Components				2,769,153
Banks—2.6%
Ameris Bancorp		3,925		116,101
Astoria Financial Corp.		11,258		178,327
Banc of California, Inc.		8,180		143,150
Bank Mutual Corp.(a)		5,333		40,371
Banner Corp.		3,151		132,468
BBCN Bancorp, Inc.		8,863		134,629
BofI Holding, Inc.*(a)		5,953		127,037
Boston Private Financial Holdings, Inc.		13,533		154,953
Brookline Bancorp, Inc.		8,152		89,753
Cardinal Financial Corp.		3,587		72,995
Central Pacific Financial Corp.		3,894		84,772
City Holding Co.(a)		1,552		74,155
Columbia Banking System, Inc.		5,893		176,319
Community Bank System, Inc.(a)		4,170		159,336
CVB Financial Corp.		7,464		130,247
Dime Community Bancshares		3,271		57,635
First BanCorp*		64,649		188,775
First Commonwealth Financial Corp.(a)		10,810		95,777
First Financial Bancorp(a)		7,463		135,677
First Financial Bankshares, Inc.(a)		4,205		124,384
First Midwest Bancorp, Inc.		10,249		184,687
First NBC Bank Holding Co.*		1,517		31,235
Glacier Bancorp, Inc.		6,516		165,637
Hanmi Financial Corp.		4,087		89,996
Home BancShares, Inc.		4,027		164,906
Independent Bank Corp.		2,646		121,610
LegacyTexas Financial Group, Inc.		5,628		110,590
LendingTree, Inc.*(a)		1,300		127,114
MB Financial, Inc.(a)		10,040		325,798
National Penn Bancshares, Inc.(a)		13,575		144,438
NBT Bancorp, Inc.(a)		5,679		153,049
Northfield Bancorp, Inc.		2,334		38,371
Northwest Bancshares, Inc.(a)		10,607		143,301
OFG Bancorp		13,997		97,839
Investments		Shares		Value
Old National Bancorp		21,266	$	259,232
Oritani Financial Corp.		3,738		63,434
Pinnacle Financial Partners, Inc.		2,794		137,074
Provident Financial Services, Inc.(a)		6,728		135,838
S&T Bancorp, Inc.(a)		3,824		98,506
Simmons First National Corp., Class A		3,580		161,351
Southside Bancshares, Inc.(a)		2,691		70,154
Sterling Bancorp(a)		9,933		158,233
Talmer Bancorp, Inc., Class A		7,744		140,089
Texas Capital Bancshares, Inc.*(a)		6,130		235,269
Tompkins Financial Corp.		1,715		109,760
TrustCo Bank Corp.(a)		11,355		68,811
UMB Financial Corp.(a)		7,196		371,529
United Bankshares, Inc.(a)		4,966		182,252
United Community Banks, Inc.		7,823		144,491
Walker & Dunlop, Inc.*		8,103		196,660
Westamerica Bancorporation(a)		1,710		83,294
Wilshire Bancorp, Inc.		8,194		84,398
Wintrust Financial Corp.		8,537		378,531
Total Banks				7,394,338
Capital Goods—14.3%
AAON, Inc.		6,145		172,060
AAR Corp.		32,262		750,737
Actuant Corp., Class A(a)		22,375		552,886
Aegion Corp.*		28,928		610,092
Aerojet Rocketdyne Holdings, Inc.*(a)		44,601		730,564
Aerovironment, Inc.*		4,329		122,597
Albany International Corp., Class A		8,089		304,066
American Science & Engineering, Inc.(a)		1,737		48,098
American Woodmark Corp.*(a)		5,560		414,720
Apogee Enterprises, Inc.		10,200		447,678
Applied Industrial Technologies, Inc.(a)		28,426		1,233,688
Astec Industries, Inc.		9,778		456,339
AZZ, Inc.		6,955		393,653
Barnes Group, Inc.		14,943		523,453
Briggs & Stratton Corp.		35,248		843,132
Chart Industries, Inc.*		22,734		493,783
CIRCOR International, Inc.		7,461		346,116
Comfort Systems USA, Inc.		23,274		739,415
Cubic Corp.(a)		16,138		644,874
DXP Enterprises, Inc.*		32,079		563,307
Dycom Industries, Inc.*(a)		16,016		1,035,755
EMCOR Group, Inc.		62,458		3,035,459
Encore Wire Corp.		11,548		449,564
EnerSys(a)		18,478		1,029,594

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
(FORMERLY REVENUESHARES SMALL CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Engility Holdings, Inc.*	54,459	$	1,021,651
EnPro Industries, Inc.	9,274		534,924
ESCO Technologies, Inc.	6,498		253,292
Federal Signal Corp.	26,597		352,676
Franklin Electric Co., Inc.	13,754		442,466
General Cable Corp.(a)	191,408		2,337,092
Gibraltar Industries, Inc.*	17,986		514,400
Greenbrier Cos., Inc. (The)(a)	43,277		1,196,176
Griffon Corp.	58,513		904,026
Harsco Corp.	153,805		838,237
Hillenbrand, Inc.	23,103		691,935
John Bean Technologies Corp.	8,556		482,644
Kaman Corp.	19,668		839,627
Lindsay Corp.(a)	3,149		225,500
Lydall, Inc.*	7,221		234,827
Moog, Inc., Class A*	24,515		1,119,845
Mueller Industries, Inc.	32,781		964,417
MYR Group, Inc.*(a)	18,539		465,514
National Presto Industries, Inc.(a)	2,634		220,571
Orion Marine Group, Inc.*	45,585		236,130
PGT, Inc.*	18,300		180,072
Powell Industries, Inc.(a)	9,954		296,729
Proto Labs, Inc.*	1,574		121,340
Quanex Building Products Corp.	16,341		283,680
Simpson Manufacturing Co., Inc.	9,552		364,600
SPX Corp.	57,576		864,792
SPX FLOW, Inc.*	45,388		1,138,331
Standex International Corp.	4,474		348,122
TASER International, Inc.*(a)	4,432		87,000
Tennant Co.	6,985		359,588
Titan International, Inc.	102,477		551,326
Trex Co., Inc.*(a)	4,598		220,382
Universal Forest Products, Inc.	15,939		1,367,885
Veritiv Corp.*(a)	106,681		3,974,934
Vicor Corp.*	9,211		96,531
Watts Water Technologies, Inc., Class A	12,160		670,381
Total Capital Goods			40,743,273
Commercial & Professional Services—6.9%
ABM Industries, Inc.	71,665		2,315,496
Brady Corp., Class A	18,403		493,937
Brink's Co. (The)	44,223		1,485,451
CDI Corp.	78,862		495,253
Essendant, Inc.	77,215		2,465,475
Exponent, Inc.	2,788		142,216
G&K Services, Inc., Class A(a)	5,843		428,000
Investments	Shares		Value
Healthcare Services Group, Inc.	17,613	$	648,335
Heidrick & Struggles International, Inc.(a)	10,235		242,570
Insperity, Inc.(a)	22,751		1,176,909
Interface, Inc.	26,576		492,719
Kelly Services, Inc., Class A	137,410		2,627,279
Korn/Ferry International	18,097		511,964
Matthews International Corp., Class A	12,756		656,551
Mobile Mini, Inc.	7,530		248,641
Navigant Consulting, Inc.*	23,860		377,227
On Assignment, Inc.*	25,941		957,742
Resources Connection, Inc.	17,809		277,108
Tetra Tech, Inc.	25,966		774,306
TrueBlue, Inc.*	48,908		1,278,944
UniFirst Corp.	5,936		647,736
US Ecology, Inc.	5,933		262,001
Viad Corp.	16,621		484,668
WageWorks, Inc.*	3,263		165,140
Total Commercial & Professional Services			19,655,668
Consumer Durables & Apparel—3.8%
Arctic Cat, Inc.(a)	16,088		270,278
Callaway Golf Co.	42,063		383,615
Crocs, Inc.*(a)	49,167		472,986
Ethan Allen Interiors, Inc.	11,113		353,616
G-III Apparel Group Ltd.*	19,161		936,781
Helen of Troy Ltd.*	6,487		672,637
Iconix Brand Group, Inc.*(a)	18,391		148,048
Installed Building Products, Inc.*(a)	12,395		329,831
iRobot Corp.*(a)	7,323		258,502
La-Z-Boy, Inc.	25,007		668,687
M/I Homes, Inc.*(a)	33,109		617,483
Meritage Homes Corp.*	31,959		1,165,225
Movado Group, Inc.	8,535		234,969
Oxford Industries, Inc.	5,663		380,723
Perry Ellis International, Inc.*	20,241		372,637
Steven Madden Ltd.*	16,819		622,976
Sturm Ruger & Co., Inc.(a)	3,271		223,671
TopBuild Corp.*	24,157		718,429
Tumi Holdings, Inc.*	8,825		236,686
Unifi, Inc.*	12,353		283,007
Universal Electronics, Inc.*	4,014		248,828
Vera Bradley, Inc.*(a)	11,304		229,923
Wolverine World Wide, Inc.	59,923		1,103,782
Total Consumer Durables & Apparel			10,933,320
Consumer Services—4.0%
American Public Education, Inc.*	6,525		134,611

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
(FORMERLY REVENUESHARES SMALL CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Belmond Ltd., Class A*	26,648	$	252,889
Biglari Holdings, Inc.*	1,060		394,013
BJ's Restaurants, Inc.*	8,987		373,590
Bob Evans Farms, Inc.(a)	12,309		574,707
Boyd Gaming Corp.*(a)	51,477		1,063,515
Capella Education Co.	3,804		200,242
Career Education Corp.*	80,618		366,006
DineEquity, Inc.	3,160		295,239
Interval Leisure Group, Inc.(a)	21,603		311,947
Marcus Corp. (The)	9,838		186,430
Marriott Vacations Worldwide Corp.(a)	8,454		570,645
Monarch Casino & Resort, Inc.*	4,376		85,157
Papa John's International, Inc.(a)	12,809		694,120
Pinnacle Entertainment, Inc.*	31,754		1,114,565
Popeyes Louisiana Kitchen, Inc.*	1,952		101,621
Red Robin Gourmet Burgers, Inc.*	8,177		527,171
Regis Corp.*	52,814		802,245
Ruby Tuesday, Inc.*(a)	90,581		487,326
Ruth's Hospitality Group, Inc.	9,456		174,085
Scientific Games Corp., Class A*(a)	121,903		1,149,545
Sonic Corp.	8,510		299,212
Strayer Education, Inc.*	3,889		189,589
Texas Roadhouse, Inc.(a)	18,640		812,331
Universal Technical Institute, Inc.	33,450		144,169
Total Consumer Services			11,304,970
Diversified Financials—2.0%
Calamos Asset Management, Inc., Class A(a)	11,671		99,087
Cash America International, Inc.	12,101		467,583
Encore Capital Group, Inc.*(a)	19,099		491,608
Enova International, Inc.*	41,282		260,489
Evercore Partners, Inc., Class A	10,370		536,647
EZCORP, Inc., Class A*	131,493		390,534
Financial Engines, Inc.	4,903		154,101
First Cash Financial Services, Inc.	6,802		313,300
Green Dot Corp., Class A*(a)	13,696		314,597
Greenhill & Co., Inc.	4,903		108,847
HFF, Inc., Class A(a)	7,878		216,881
Interactive Brokers Group, Inc., Class A(a)	15,486		608,910
INTL. FCStone, Inc.*	10,324		275,961
Investment Technology Group, Inc.	13,216		292,074
Piper Jaffray Cos.*	6,233		308,907
PRA Group, Inc.*(a)	13,679		402,026
Virtus Investment Partners, Inc.(a)	2,188		170,905
World Acceptance Corp.*	6,732		255,277
Total Diversified Financials			5,667,734
Investments	Shares		Value
Energy—3.4%
Archrock, Inc.	62,584	$	500,672
Atwood Oceanics, Inc.(a)	59,237		543,203
Basic Energy Services, Inc.*(a)	110,228		304,229
Bill Barrett Corp.*(a)	16,552		102,954
Bonanza Creek Energy, Inc.*	53,893		85,690
Bristow Group, Inc.	37,607		711,525
CARBO Ceramics, Inc.(a)	4,792		68,046
Carrizo Oil & Gas, Inc.*(a)	6,633		205,092
Cloud Peak Energy, Inc.*(a)	219,142		427,327
Contango Oil & Gas Co.*(a)	5,513		64,998
Era Group, Inc.*	11,533		108,180
Exterran Corp.*	48,173		744,755
Geospace Technologies Corp.*(a)	2,646		32,652
Green Plains, Inc.	84,499		1,348,604
Gulf Island Fabrication, Inc.	15,193		119,265
GulfMark Offshore, Inc., Class A*(a)	18,830		116,181
Helix Energy Solutions Group, Inc.*	59,820		334,992
Hornbeck Offshore Services, Inc.*	19,939		197,994
Matrix Service Co.*	30,504		539,921
Newpark Resources, Inc.*	64,871		280,243
Northern Oil and Gas, Inc.*(a)	22,139		88,335
PDC Energy, Inc.*(a)	2,918		173,475
Pioneer Energy Services Corp.*	110,412		242,906
REX American Resources Corp.*(a)	3,607		200,080
Rex Energy Corp.*(a)	38,234		29,375
SEACOR Holdings, Inc.*(a)	8,894		484,278
Stone Energy Corp.*(a)	120,477		95,177
Synergy Resources Corp.*(a)	6,045		46,970
Tesco Corp.	13,833		119,102
TETRA Technologies, Inc.*	75,434		479,006
Tidewater, Inc.	61,521		420,188
U.S. Silica Holdings, Inc.(a)	13,325		302,744
Unit Corp.*(a)	38,614		340,189
Total Energy			9,858,348
Food & Staples Retailing—1.9%
Andersons, Inc. (The)	60,338		1,895,217
SpartanNash Co.	116,713		3,537,571
Total Food & Staples Retailing			5,432,788
Food, Beverage & Tobacco—2.3%
B&G Foods, Inc.	10,904		379,568
Calavo Growers, Inc.	6,761		385,783
Cal-Maine Foods, Inc.(a)	16,962		880,497
Darling Ingredients, Inc.*	127,733		1,682,244
J&J Snack Foods Corp.	4,075		441,241

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
(FORMERLY REVENUESHARES SMALL CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Sanderson Farms, Inc.(a)	13,537	$	1,220,767
Seneca Foods Corp., Class A*	15,418		535,621
Universal Corp.	16,497		937,194
Total Food, Beverage & Tobacco			6,462,915
Health Care Equipment & Services—7.1%
Abaxis, Inc.	2,191		99,450
Aceto Corp.	10,540		248,322
Adeptus Health, Inc., Class A*(a)	2,564		142,405
Air Methods Corp.*(a)	11,931		432,141
Almost Family, Inc.*(a)	5,991		223,105
Amedisys, Inc.*	13,252		640,602
AMN Healthcare Services, Inc.*(a)	19,827		666,386
Analogic Corp.	3,025		239,005
AngioDynamics, Inc.*(a)	13,156		161,687
Anika Therapeutics, Inc.*	960		42,931
Cantel Medical Corp.	3,613		257,824
Chemed Corp.	4,997		676,844
Computer Programs & Systems, Inc.(a)	1,620		84,434
CONMED Corp.	7,397		310,230
CorVel Corp.*	5,303		209,044
Cross Country Healthcare, Inc.*	29,239		340,050
CryoLife, Inc.	5,789		62,232
Cynosure, Inc., Class A*(a)	3,495		154,199
Diplomat Pharmacy, Inc.*	3,420		93,708
Ensign Group, Inc. (The)	26,500		599,960
ExamWorks Group, Inc.*(a)	12,732		376,358
Greatbatch, Inc.*	7,624		271,719
Haemonetics Corp.*	11,433		399,926
HealthEquity, Inc.*(a)	2,228		54,965
HealthStream, Inc.*	4,504		99,493
Healthways, Inc.*(a)	30,046		303,164
HMS Holdings Corp.*	14,723		211,275
ICU Medical, Inc.*	1,649		171,661
Inogen, Inc.*(a)	2,015		90,635
Integra LifeSciences Holdings Corp.*(a)	6,303		424,570
Invacare Corp.	37,640		495,719
Kindred Healthcare, Inc.	257,959		3,185,794
Landauer, Inc.	2,255		74,573
LHC Group, Inc.*	9,623		342,194
Magellan Health, Inc.*	30,492		2,071,322
Masimo Corp.*	6,955		290,997
Medidata Solutions, Inc.*(a)	4,601		178,105
Meridian Bioscience, Inc.	3,825		78,833
Merit Medical Systems, Inc.*	12,607		233,103
Natus Medical, Inc.*	4,210		161,790
Investments	Shares		Value
Neogen Corp.*	2,527	$	127,234
NuVasive, Inc.*	7,506		365,167
Omnicell, Inc.*	7,437		207,269
PharMerica Corp.*	40,330		891,696
Providence Service Corp. (The)*	14,343		732,497
Quality Systems, Inc.	14,393		219,349
Select Medical Holdings Corp.*	146,262		1,727,354
Surgical Care Affiliates, Inc.*	10,567		489,041
SurModics, Inc.*	1,474		27,136
US Physical Therapy, Inc.	2,716		135,067
Vascular Solutions, Inc.*(a)	2,011		65,418
Zeltiq Aesthetics, Inc.*	5,223		141,857
Total Health Care Equipment & Services			20,329,840
Household & Personal Products—0.5%
Central Garden & Pet Co.*(a)	24,198		395,395
Central Garden & Pet Co., Class A*	24,905		405,703
Inter Parfums, Inc.	7,253		224,118
Medifast, Inc.	3,943		119,039
WD-40 Co.	1,719		185,669
Total Household & Personal Products			1,329,924
Insurance—2.4%
American Equity Investment Life Holding Co.	42,552		714,874
AMERISAFE, Inc.	3,540		185,992
eHealth, Inc.*	8,119		76,237
Employers Holdings, Inc.	11,531		324,482
HCI Group, Inc.(a)	3,944		131,335
Horace Mann Educators Corp.	14,790		468,695
Infinity Property & Casualty Corp.	8,470		681,835
Navigators Group, Inc. (The)*	5,552		465,646
ProAssurance Corp.	6,634		335,680
RLI Corp.	5,313		355,227
Safety Insurance Group, Inc.	6,158		351,376
Selective Insurance Group, Inc.	26,752		979,391
Stewart Information Services Corp.	26,981		978,871
United Fire Group, Inc.	10,879		476,718
United Insurance Holdings Corp.	8,673		166,608
Universal Insurance Holdings, Inc.(a)	12,862		228,944
Total Insurance			6,921,911
Materials—8.6%
A. Schulman, Inc.	38,110		1,037,354
AK Steel Holding Corp.*(a)	751,048		3,101,828
American Vanguard Corp.*	7,908		124,788
Balchem Corp.	4,045		250,871
Boise Cascade Co.*	90,370		1,872,466
Calgon Carbon Corp.	15,859		222,343

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
(FORMERLY REVENUESHARES SMALL CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Century Aluminum Co.*(a)	111,135	$	783,502
Chemours Co. (The)(a)	390,563		2,733,941
Clearwater Paper Corp.*	16,395		795,321
Deltic Timber Corp.(a)	1,506		90,586
Flotek Industries, Inc.*(a)	18,526		135,796
FutureFuel Corp.	10,135		119,492
H.B. Fuller Co.	22,530		956,398
Hawkins, Inc.	4,806		173,449
Haynes International, Inc.	5,915		215,897
Headwaters, Inc.*	21,634		429,219
Innophos Holdings, Inc.	12,195		376,947
Innospec, Inc.	10,036		435,161
Intrepid Potash, Inc.*	89,914		99,805
Kaiser Aluminum Corp.	7,515		635,318
KapStone Paper and Packaging Corp.	98,035		1,357,785
Koppers Holdings, Inc.*(a)	37,413		840,670
Kraton Performance Polymers, Inc.*	26,845		464,418
LSB Industries, Inc.*(a)	30,968		394,842
Materion Corp.	17,920		474,522
Myers Industries, Inc.	20,773		267,141
Neenah Paper, Inc.	6,957		442,883
Olympic Steel, Inc.(a)	35,137		608,221
PH Glatfelter Co.	37,220		771,571
Quaker Chemical Corp.	3,904		331,293
Rayonier Advanced Materials, Inc.	45,815		435,242
Schweitzer-Mauduit International, Inc.	11,149		350,971
Stepan Co.	14,561		805,078
Stillwater Mining Co.*(a)	32,632		347,531
SunCoke Energy, Inc.	90,641		589,166
TimkenSteel Corp.(a)	57,326		521,667
Tredegar Corp.	25,539		401,473
US Concrete, Inc.*	7,752		461,864
Total Materials			24,456,820
Media—1.0%
E.W. Scripps Co., (The), Class A(a)	17,461		272,217
Gannett Co., Inc.(a)	84,098		1,273,244
Harte-Hanks, Inc.	59,332		150,110
Scholastic Corp.(a)	18,105		676,584
Sizmek, Inc.*	24,167		70,084
World Wrestling Entertainment, Inc., Class A(a)	16,565		292,538
Total Media			2,734,777
Pharmaceuticals, Biotechnology & Life Sciences—1.2%
Acorda Therapeutics, Inc.*(a)	6,690		176,950
Affymetrix, Inc.*(a)	11,790		165,178
Albany Molecular Research, Inc.*(a)	11,750		179,658
Investments	Shares		Value
AMAG Pharmaceuticals, Inc.*(a)	7,694	$	180,040
ANI Pharmaceuticals, Inc.*(a)	785		26,423
Cambrex Corp.*(a)	4,569		201,036
Depomed, Inc.*(a)	9,239		128,699
Emergent BioSolutions, Inc.*	6,706		243,763
Enanta Pharmaceuticals, Inc.*(a)	1,903		55,891
Impax Laboratories, Inc.*	10,464		335,057
Lannett Co., Inc.*(a)	8,407		150,738
Ligand Pharmaceuticals, Inc.*(a)	355		38,017
Luminex Corp.*	5,208		101,035
Medicines Co. (The)*(a)	4,739		150,558
MiMedx Group, Inc.*(a)	9,526		83,257
Momenta Pharmaceuticals, Inc.*	4,518		41,746
Nektar Therapeutics*(a)	7,761		106,714
Phibro Animal Health Corp., Class A	12,502		338,054
Prestige Brands Holdings, Inc.*(a)	6,511		347,622
Repligen Corp.*(a)	1,112		29,824
Sagent Pharmaceuticals, Inc.*	10,313		125,509
Spectrum Pharmaceuticals, Inc.*(a)	12,259		77,967
Supernus Pharmaceuticals, Inc.*(a)	3,862		58,896
Total Pharmaceuticals, Biotechnology & Life Sciences			3,342,632
Real Estate—1.7%
Acadia Realty Trust	2,910		102,228
Agree Realty Corp.	652		25,082
American Assets Trust, Inc.	2,991		119,401
Capstead Mortgage Corp.	5,334		52,753
CareTrust REIT, Inc.	2,495		31,687
Cedar Realty Trust, Inc.	9,154		66,183
Chesapeake Lodging Trust	9,662		255,657
CoreSite Realty Corp.	2,146		150,242
Cousins Properties, Inc.	17,042		176,896
DiamondRock Hospitality Co.	42,585		430,960
EastGroup Properties, Inc.	1,916		115,669
Education Realty Trust, Inc.	2,589		107,702
Forestar Group, Inc.*	10,022		130,687
Four Corners Property Trust, Inc.	513		9,208
Franklin Street Properties Corp.	10,642		112,912
Geo Group, Inc. (The)	26,084		904,332
Getty Realty Corp.	2,596		51,479
Government Properties Income Trust(a)	6,741		120,327
Kite Realty Group Trust	5,368		148,747
Lexington Realty Trust	22,117		190,206
LTC Properties, Inc.	1,356		61,345
Medical Properties Trust, Inc.	15,726		204,124
Parkway Properties, Inc.	14,117		221,072

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
(FORMERLY REVENUESHARES SMALL CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Pennsylvania Real Estate Investment Trust	9,167	$	200,299
PS Business Parks, Inc.	1,910		191,974
RE/MAX Holdings, Inc., Class A	1,668		57,212
Retail Opportunity Investments Corp.	4,341		87,341
Sabra Health Care REIT, Inc.	4,608		92,575
Saul Centers, Inc.	1,676		88,862
Summit Hotel Properties, Inc.	17,133		205,082
Universal Health Realty Income Trust	691		38,869
Urstadt Biddle Properties, Inc., Class A	2,243		46,991
Total Real Estate			4,798,104
Retailing—14.3%
Asbury Automotive Group, Inc.*(a)	46,655		2,791,835
Barnes & Noble Education, Inc.*	78,667		770,937
Barnes & Noble, Inc.	176,525		2,181,849
Big 5 Sporting Goods Corp.	38,228		424,713
Blue Nile, Inc.	8,157		209,716
Buckle, Inc. (The)	15,046		509,608
Caleres, Inc.	38,587		1,091,626
Cato Corp., (The), Class A	11,804		455,044
Children's Place, Inc. (The)	10,849		905,566
Core-Mark Holding Co., Inc.	50,844		4,146,837
Express, Inc.*	48,438		1,037,058
Finish Line, Inc., (The), Class A	42,461		895,927
Five Below, Inc.*(a)	8,664		358,170
Francesca's Holdings Corp.*	9,329		178,744
Fred's, Inc., Class A(a)	60,508		902,174
FTD Cos., Inc.*(a)	22,068		579,285
Genesco, Inc.*	19,983		1,443,772
Group 1 Automotive, Inc.	78,101		4,583,748
Haverty Furniture Cos., Inc.	16,550		350,198
Hibbett Sports, Inc.*(a)	11,237		403,408
Kirkland's, Inc.	13,763		240,990
Lithia Motors, Inc., Class A	36,191		3,160,560
Lumber Liquidators Holdings, Inc.*(a)	36,712		481,661
MarineMax, Inc.*	18,441		359,046
Monro Muffler Brake, Inc.	5,882		420,386
Nutrisystem, Inc.	9,848		205,528
Outerwall, Inc.(a)	28,202		1,043,192
PetMed Express, Inc.(a)	5,752		103,018
Rent-A-Center, Inc.	100,499		1,592,909
Select Comfort Corp.*	30,840		597,988
Sonic Automotive, Inc., Class A	206,944		3,824,325
Stage Stores, Inc.(a)	81,931		660,364
Stein Mart, Inc.	74,757		547,969
Tailored Brands, Inc.(a)	88,772		1,589,019
Investments	Shares		Value
Tuesday Morning Corp.*	52,278	$	427,634
Vitamin Shoppe, Inc.*(a)	17,731		548,952
VOXX International Corp.*	65,306		291,918
Zumiez, Inc.*(a)	18,850		375,492
Total Retailing			40,691,166
Semiconductors & Semiconductor Equipment—1.3%
Advanced Energy Industries, Inc.*	6,938		241,373
Brooks Automation, Inc.	24,148		251,139
Cabot Microelectronics Corp.	4,334		177,304
CEVA, Inc.*	999		22,477
Cirrus Logic, Inc.*	14,877		541,672
Cohu, Inc.	10,078		119,727
Diodes, Inc.*	19,117		384,252
DSP Group, Inc.*	7,090		64,661
Exar Corp.*	12,006		69,034
Kopin Corp.*	7,690		12,765
Kulicke & Soffa Industries, Inc.*	23,287		263,609
MKS Instruments, Inc.	10,339		389,263
Monolithic Power Systems, Inc.	2,473		157,382
Nanometrics, Inc.*	5,588		88,514
Power Integrations, Inc.	3,092		153,549
Rambus, Inc.*	9,785		134,544
Rudolph Technologies, Inc.*(a)	7,297		99,677
Semtech Corp.*	10,535		231,665
Tessera Technologies, Inc.	3,970		123,070
Ultratech, Inc.*	3,435		75,020
Veeco Instruments, Inc.*	11,094		216,111
Total Semiconductors & Semiconductor Equipment			3,816,808
Software & Services—3.9%
Blackbaud, Inc.	4,831		303,822
Blucora, Inc.*	29,478		152,106
Bottomline Technologies (de), Inc.*(a)	4,995		152,297
CACI International, Inc., Class A*	14,554		1,552,912
Cardtronics, Inc.*(a)	14,960		538,410
Ciber, Inc.*	175,054		369,364
CSG Systems International, Inc.	8,754		395,331
DHI Group, Inc.*	14,536		117,305
Ebix, Inc.	2,938		119,841
EPIQ Systems, Inc.	15,623		234,657
Exlservice Holdings, Inc.*	5,788		299,818
Forrester Research, Inc.	4,380		147,212
Heartland Payment Systems, Inc.	12,610		1,217,748
Interactive Intelligence Group, Inc.*	5,024		182,974
Liquidity Services, Inc.*	28,390		147,060
LivePerson, Inc.*(a)	18,941		110,805

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
(FORMERLY REVENUESHARES SMALL CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
LogMeIn, Inc.*	2,289	$	115,503
ManTech International Corp., Class A	22,525		720,575
MicroStrategy, Inc., Class A*	1,487		267,244
Monotype Imaging Holdings, Inc.	3,650		87,308
Monster Worldwide, Inc.*(a)	92,735		302,316
NIC, Inc.	7,288		131,403
Perficient, Inc.*	10,207		221,696
Progress Software Corp.*	6,498		156,732
Qualys, Inc.*	2,773		70,185
QuinStreet, Inc.*	39,029		133,479
Rovi Corp.*	11,005		225,713
Stamps.com, Inc.*	790		83,961
Sykes Enterprises, Inc.*	19,262		581,327
Synchronoss Technologies, Inc.*(a)	8,646		279,612
Take-Two Interactive Software, Inc.*(a)	16,334		615,302
Tangoe, Inc.*(a)	12,880		101,623
TeleTech Holdings, Inc.	20,152		559,419
VASCO Data Security International, Inc.*	6,995		107,723
Virtusa Corp.*	6,914		258,998
XO Group, Inc.*	3,711		59,562
Total Software & Services			11,121,343
Technology Hardware & Equipment—8.8%
ADTRAN, Inc.(a)	13,625		275,497
Agilysys, Inc.*(a)	4,623		47,201
Anixter International, Inc.*	53,667		2,796,587
Badger Meter, Inc.(a)	2,442		162,417
Bel Fuse, Inc., Class B	16,716		244,054
Benchmark Electronics, Inc.*	49,916		1,150,564
Black Box Corp.	29,837		401,904
CalAmp Corp.*	6,660		119,414
Checkpoint Systems, Inc.*	24,933		252,322
Coherent, Inc.*	4,055		372,654
Comtech Telecommunications Corp.	5,598		130,825
Cray, Inc.*(a)	7,561		316,882
CTS Corp.	10,997		173,093
Daktronics, Inc.	33,608		265,503
Digi International, Inc.*	10,837		102,193
DTS, Inc.*	2,483		54,080
Electro Scientific Industries, Inc.*	10,994		78,607
Electronics For Imaging, Inc.*(a)	9,114		386,342
ePlus, Inc.*	6,377		513,412
Fabrinet*	13,182		426,438
FARO Technologies, Inc.*(a)	4,212		135,669
Harmonic, Inc.*(a)	53,274		174,206
II-VI, Inc.*	15,683		340,478
Investments	Shares		Value
Insight Enterprises, Inc.*	86,099	$	2,465,875
Itron, Inc.*	19,307		805,488
Ixia*	19,582		243,992
Littelfuse, Inc.	3,156		388,535
Lumentum Holdings, Inc.*	14,649		395,084
Mercury Systems, Inc.*	6,164		125,129
Methode Electronics, Inc.	13,028		380,939
MTS Systems Corp.	4,232		257,517
NETGEAR, Inc.*	14,159		571,599
Newport Corp.*	11,639		267,697
OSI Systems, Inc.*(a)	6,159		403,353
Park Electrochemical Corp.	3,798		60,806
Plexus Corp.*	30,542		1,207,020
QLogic Corp.*	15,734		211,465
Rofin-Sinar Technologies, Inc.*	9,486		305,639
Rogers Corp.*	4,646		278,156
Ruckus Wireless, Inc.*(a)	16,626		163,101
Sanmina Corp.*	123,343		2,883,759
ScanSource, Inc.*	39,333		1,588,267
Super Micro Computer, Inc.*	29,924		1,019,810
TTM Technologies, Inc.*	136,249		906,056
ViaSat, Inc.*(a)	8,286		608,855
Viavi Solutions, Inc.*	98,162		673,391
Total Technology Hardware & Equipment			25,131,875
Telecommunication Services—0.7%
8x8, Inc.*	8,129		81,778
Atlantic Tele-Network, Inc.	2,160		163,793
Cincinnati Bell, Inc.*(a)	138,347		535,403
Cogent Communications Holdings, Inc.(a)	4,736		184,846
Consolidated Communications Holdings, Inc.	14,257		367,260
General Communication, Inc., Class A*	23,283		426,545
Iridium Communications, Inc.*(a)	24,658		194,058
Lumos Networks Corp.*	7,025		90,201
Spok Holdings, Inc.	4,694		82,192
Total Telecommunication Services			2,126,076
Transportation—4.1%
Allegiant Travel Co.	3,323		591,693
ArcBest Corp.	51,757		1,117,434
Atlas Air Worldwide Holdings, Inc.*	19,448		822,067
Celadon Group, Inc.	44,775		469,242
Echo Global Logistics, Inc.*	25,328		687,909
Forward Air Corp.	9,886		448,034
Hawaiian Holdings, Inc.*	22,401		1,057,103
Heartland Express, Inc.(a)	17,216		319,357
Hub Group, Inc., Class A*(a)	41,008		1,672,716

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
(FORMERLY REVENUESHARES SMALL CAP FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Knight Transportation, Inc.(a)	19,846	$	518,973
Marten Transport Ltd.	16,041		300,288
Matson, Inc.	21,720		872,492
Roadrunner Transportation Systems, Inc.*	71,429		890,005
Saia, Inc.*	19,514		549,319
SkyWest, Inc.	68,575		1,370,814
Total Transportation			11,687,446
Utilities—2.1%
ALLETE, Inc.	11,640		652,655
American States Water Co.(a)	4,856		191,132
Avista Corp.	16,483		672,177
California Water Service Group(a)	9,753		260,600
El Paso Electric Co.	8,657		397,183
Laclede Group, Inc. (The)	11,534		781,428
Northwest Natural Gas Co.(a)	6,153		331,339
NorthWestern Corp.	8,821		544,697
Piedmont Natural Gas Co., Inc.	10,032		600,215
South Jersey Industries, Inc.	15,619		444,360
Southwest Gas Corp.(a)	16,902		1,112,997
Total Utilities			5,988,783
Total Common Stocks
(Cost $279,773,171)			284,700,012
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—9.8%
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.33% (b) (Cost $27,925,811)	27,925,811		27,925,811
Total Investments—109.7% (Cost $307,698,982)			312,625,823
Liabilities in Excess of Other Assets—(9.7)%			(27,557,752	)
Net Assets—100.0%		$	285,068,071

REIT - Real Estate Investment Trust

*	Non-income producing security
(a)	All or a portion of the security was on loan. The aggregate market value of the securities on loan was $49,479,878; total market value of the collateral held by the fund was $50,691,603.  The total market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $22,765,792.
(b)	Rate shown represents annualized 7-day yield as of March 31, 2016.

The accompanying notes are an integral part of these financial documents.

Schedule of Investments

OPPENHEIMER FINANCIALS SECTOR REVENUE ETF
(FORMERLY REVENUESHARES FINANCIALS SECTOR FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
COMMON STOCKS—99.6%
Banks—28.8%
Bank of America Corp.		84,798	$	1,146,469
BB&T Corp.(a)		3,943		131,184
Citigroup, Inc.		23,752		991,646
Citizens Financial Group, Inc.		3,149		65,971
Comerica, Inc.(a)		1,017		38,514
Fifth Third Bancorp		5,197		86,738
Huntington Bancshares, Inc.(a)		4,353		41,528
JPMorgan Chase & Co.		22,368		1,324,633
KeyCorp		5,344		58,998
M&T Bank Corp.		611		67,821
People's United Financial, Inc.(a)		1,118		17,810
PNC Financial Services Group, Inc. (The)		2,565		216,922
Regions Financial Corp.		9,081		71,286
SunTrust Banks, Inc.(a)		3,143		113,399
U.S. Bancorp		6,779		275,160
Wells Fargo & Co.		24,746		1,196,716
Zions Bancorporation(a)		1,217		29,463
Total Banks				5,874,258
Capital Markets—11.1%
Affiliated Managers Group, Inc.*		266		43,198
Ameriprise Financial, Inc.		1,946		182,943
Bank of New York Mellon Corp. (The)		5,895		217,113
BlackRock, Inc.		499		169,944
Charles Schwab Corp. (The)		3,295		92,326
E*TRADE Financial Corp.*		1,067		26,131
Franklin Resources, Inc.		2,969		115,939
Goldman Sachs Group, Inc. (The)		3,242		508,929
Invesco Ltd.		2,519		77,510
Legg Mason, Inc.		1,220		42,310
Morgan Stanley		19,938		498,649
Northern Trust Corp.		1,068		69,602
State Street Corp.		2,637		154,317
T. Rowe Price Group, Inc.		858		63,029
Total Capital Markets				2,261,940
Consumer Finance—4.9%
American Express Co.		7,664		470,570
Capital One Financial Corp.		3,936		272,804
Discover Financial Services		2,172		110,598
Navient Corp.		2,961		35,443
Synchrony Financial*		3,491		100,052
Total Consumer Finance				989,467
Investments		Shares		Value
Diversified Financial Services—16.9%
Berkshire Hathaway, Inc., Class B*		21,084	$	2,991,398
CME Group, Inc.		497		47,737
Intercontinental Exchange, Inc.		203		47,734
Leucadia National Corp.(a)		11,181		180,797
McGraw Hill Financial, Inc.(a)		807		79,877
Moody's Corp.		556		53,687
Nasdaq, Inc.		759		50,382
Total Diversified Financial Services				3,451,612
Insurance—31.9%
Aflac, Inc.(a)		4,975		314,121
Allstate Corp. (The)		8,075		544,013
American International Group, Inc.		16,303		881,177
Aon PLC		1,722		179,863
Assurant, Inc.		1,973		152,217
Chubb Ltd.		2,347		279,645
Cincinnati Financial Corp.		1,157		75,622
Hartford Financial Services Group, Inc. (The)		6,075		279,936
Lincoln National Corp.		4,972		194,902
Loews Corp.		5,278		201,936
Marsh & McLennan Cos., Inc.		3,256		197,932
MetLife, Inc.		23,258		1,021,957
Principal Financial Group, Inc.		4,378		172,712
Progressive Corp. (The)		9,305		326,978
Prudential Financial, Inc.		11,749		848,513
Torchmark Corp.		1,042		56,435
Travelers Cos., Inc. (The)(a)		3,495		407,901
Unum Group(a)		5,016		155,095
Willis Towers Watson PLC		467		55,414
XL Group PLC		3,955		145,544
Total Insurance				6,491,913
Real Estate Investment Trusts—5.2%
American Tower Corp.		698		71,454
Apartment Investment & Management Co., Class A		330		13,801
AvalonBay Communities, Inc.		166		31,573
Boston Properties, Inc.		310		39,395
Crown Castle International Corp.		618		53,457
Equinix, Inc.		140		46,299
Equity Residential		536		40,216
Essex Property Trust, Inc.		81		18,943
Extra Space Storage, Inc.		172		16,075
Federal Realty Investment Trust(a)		86		13,420
General Growth Properties, Inc.		1,296		38,530
HCP, Inc.		1,151		37,500

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER FINANCIALS SECTOR REVENUE ETF
(FORMERLY REVENUESHARES FINANCIALS SECTOR FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Host Hotels & Resorts, Inc.	4,825	$	80,578
Iron Mountain, Inc.(a)	1,417		48,050
Kimco Realty Corp.	616		17,729
Macerich Co. (The)	258		20,444
Prologis, Inc.	793		35,035
Public Storage	151		41,650
Realty Income Corp.	255		15,940
Simon Property Group, Inc.	380		78,922
SL Green Realty Corp.	273		26,448
UDR, Inc.	401		15,451
Ventas, Inc.	815		51,312
Vornado Realty Trust	397		37,489
Welltower, Inc.	830		57,552
Weyerhaeuser Co.	3,597		111,435
Total Real Estate Investment Trusts			1,058,698
Real Estate Management & Development—0.8%
CBRE Group, Inc., Class A*	5,734		165,254
Total Common Stocks
(Cost $19,240,341)			20,293,142
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—0.1%
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.33% (b) (Cost $17,136)	17,136		17,136
Total Investments—99.7% (Cost $19,257,477)			20,310,278
Other Assets in Excess of Liabilities—0.3%			60,506
Net Assets—100.0%		$	20,370,784

PLC - Public Limited Company

*	Non-income producing security
(a)	All or a portion of the security was on loan. The aggregate market value of the securities on loan was $1,555,578; total market value of the collateral held by the fund was $1,598,174.  The total market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $1,581,038.
(b)	Rate shown represents annualized 7-day yield as of March 31, 2016.

The accompanying notes are an integral part of these financial documents.

Schedule of Investments

OPPENHEIMER ADR REVENUE ETF
(FORMERLY REVENUESHARES ADR FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
COMMON STOCKS—98.0%
Automobiles & Components—8.1%
Honda Motor Co. Ltd.(a)		14,105	$	385,631
Magna International, Inc.		2,476		106,369
Toyota Motor Corp.(a)(b)		6,947		738,605
Total Automobiles & Components				1,230,605
Banks—9.3%
Banco Bilbao Vizcaya Argentaria SA(a)(b)		8,488		55,342
Banco Bradesco SA(a)		6,586		49,066
Banco de Chile(a)		108		6,961
Banco Santander Chile(a)		329		6,366
Banco Santander SA(a)		25,434		110,892
Bancolombia SA(a)		286		9,775
Bank of Montreal		821		49,826
Bank of Nova Scotia (The)(b)		1,184		57,850
Barclays PLC(a)		11,179		96,363
Canadian Imperial Bank of Commerce(b)		459		34,292
Credicorp Ltd.		97		12,708
HSBC Holdings PLC(a)		5,483		170,631
ING Groep NV(a)		4,020		47,959
KB Financial Group, Inc.(a)		578		15,947
Lloyds Banking Group PLC(a)(b)		19,486		76,970
Mitsubishi UFJ Financial Group, Inc.(a)(b)		26,693		122,521
Mizuho Financial Group, Inc.(a)(b)		22,762		66,920
Royal Bank of Canada		1,552		89,333
Royal Bank of Scotland Group PLC*(a)		10,075		64,278
Shinhan Financial Group Co. Ltd.(a)		638		22,464
Sumitomo Mitsui Financial Group, Inc.(a)		18,023		108,318
Toronto-Dominion Bank (The)(b)		1,804		77,807
Westpac Banking Corp.(a)(b)		1,961		45,613
Total Banks				1,398,202
Capital Goods—1.7%
ABB Ltd.*(a)		6,090		118,268
Embraer SA(a)		722		19,032
Koninklijke Philips NV		3,172		90,560
Nidec Corp.(a)(b)		1,719		29,481
Total Capital Goods				257,341
Consumer Durables & Apparel—1.8%
Gildan Activewear, Inc.		239		7,292
Luxottica Group S.p.A.(a)		556		30,580
Sony Corp.(a)		8,875		228,265
Total Consumer Durables & Apparel				266,137
Consumer Services—0.5%
Carnival PLC(a)		1,017		55,213
InterContinental Hotels Group PLC(a)		145		5,984
Investments		Shares		Value
Restaurant Brands International, Inc.		329	$	12,775
Total Consumer Services				73,972
Diversified Financials—2.4%
Credit Suisse Group AG*(a)(b)		4,884		69,011
Deutsche Bank AG(b)		5,551		94,034
Nomura Holdings, Inc.(a)		8,722		38,726
ORIX Corp.(a)		887		63,323
UBS Group AG		5,961		95,495
Total Diversified Financials				360,589
Energy—33.0%
BP PLC(a)		23,421		706,846
Cameco Corp.		539		6,921
Canadian Natural Resources Ltd.		1,112		30,024
Cenovus Energy, Inc.(b)		2,445		31,785
China Petroleum & Chemical Corp.(a)(b)		16,138		1,051,391
CNOOC Ltd.(a)		766		89,668
Crescent Point Energy Corp.		418		5,785
Ecopetrol SA(a)(b)		6,866		59,116
Enbridge, Inc.		2,138		83,190
Encana Corp.		2,526		15,383
Eni S.p.A.(a)		9,257		279,747
Imperial Oil Ltd.		1,841		61,489
Pembina Pipeline Corp.		436		11,763
PetroChina Co. Ltd.(a)(b)		12,418		823,313
Petroleo Brasileiro SA*(a)(b)		26,187		152,932
Royal Dutch Shell PLC, Class A(a)		7,778		376,844
Royal Dutch Shell PLC, Class B(a)(b)		7,697		378,615
Statoil ASA(a)(b)		11,617		180,760
Suncor Energy, Inc.		2,742		76,255
Tenaris SA(a)		942		23,324
Total SA(a)(b)		9,656		438,576
TransCanada Corp.(b)		764		30,033
Ultrapar Participacoes SA(a)(b)		3,713		71,587
Total Energy				4,985,347
Food & Staples Retailing—0.9%
Cencosud SA(a)(b)		7,336		56,341
Delhaize Group(a)(b)		3,289		85,415
Total Food & Staples Retailing				141,756
Food, Beverage & Tobacco—2.6%
Ambev SA(a)		8,426		43,647
Anheuser-Busch InBev NV(a)		1,187		147,971
BRF SA(a)		1,989		28,284
British American Tobacco PLC(a)		571		66,756
Diageo PLC(a)		461		49,728
Fomento Economico Mexicano SAB de CV(a)		669		64,431

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER ADR REVENUE ETF
(FORMERLY REVENUESHARES ADR FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Total Food, Beverage & Tobacco		$	400,817
Health Care Equipment & Services—0.5%
Fresenius Medical Care AG & Co. KGaA(a)(b)	1,299		57,260
Smith & Nephew PLC(a)	420		13,994
Total Health Care Equipment & Services			71,254
Household & Personal Products—1.2%
Unilever NV	2,129		95,123
Unilever PLC(a)	2,082		94,065
Total Household & Personal Products			189,188
Insurance—5.5%
Aegon NV	19,880		109,340
Aviva PLC(a)(b)	7,650		99,909
China Life Insurance Co. Ltd.(a)(b)	22,209		272,949
Manulife Financial Corp.(b)	5,709		80,668
Prudential PLC(a)	5,764		214,421
Sun Life Financial, Inc.	1,493		48,179
Total Insurance			825,466
Materials—8.3%
Agnico Eagle Mines Ltd.	148		5,352
Agrium, Inc.	556		49,089
ArcelorMittal(b)	85,568		391,902
Barrick Gold Corp.	2,074		28,165
BHP Billiton Ltd.(a)	2,319		60,062
BHP Billiton PLC(a)	2,651		60,257
Cemex SAB de CV*(a)	7,564		55,066
CRH PLC(a)	2,985		84,117
Eldorado Gold Corp.	830		2,623
Franco-Nevada Corp.(b)	75		4,604
Gerdau SA(a)	28,535		50,792
Goldcorp, Inc.	819		13,292
James Hardie Industries PLC(a)(b)	343		4,675
Kinross Gold Corp.*(b)	3,315		11,271
POSCO(a)	3,520		166,602
Potash Corp. of Saskatchewan, Inc.	989		16,833
Randgold Resources Ltd.(a)	19		1,725
Rio Tinto PLC(a)(b)	3,834		108,387
Silver Wheaton Corp.(b)	49		812
Sociedad Quimica y Minera de Chile SA(a)	275		5,651
Southern Copper Corp.(b)	536		14,853
Syngenta AG(a)(b)	564		46,711
Teck Resources Ltd., Class B(b)	2,713		20,646
Vale SA(a)(b)	10,097		42,508
Yamana Gold, Inc.	1,880		5,715
Total Materials			1,251,710
Investments	Shares		Value
Media—1.1%
Grupo Televisa SAB(a)	592	$	16,256
Pearson PLC(a)	1,917		24,039
Shaw Communications, Inc., Class B	750		14,483
Thomson Reuters Corp.(b)	1,031		41,735
WPP PLC(a)(b)	560		65,201
Total Media			161,714
Pharmaceuticals, Biotechnology & Life Sciences—3.7%
AstraZeneca PLC(a)(b)	2,677		75,384
GlaxoSmithKline PLC(a)	2,871		116,419
Novartis AG(a)	2,168		157,050
Novo Nordisk A/S(a)	907		49,150
QIAGEN NV*	145		3,239
Sanofi(a)	3,128		125,621
Shire PLC(a)(b)	120		20,628
Valeant Pharmaceuticals International, Inc.*	442		11,625
Total Pharmaceuticals, Biotechnology & Life Sciences			559,116
Real Estate—0.5%
Brookfield Asset Management, Inc., Class A	2,109		73,372
Semiconductors & Semiconductor Equipment—0.9%
ARM Holdings PLC(a)	86		3,757
ASML Holding NV	212		21,283
STMicroelectronics NV(b)	3,689		20,585
Taiwan Semiconductor Manufacturing Co. Ltd.(a)	3,332		87,298
Total Semiconductors & Semiconductor Equipment			132,923
Software & Services—0.7%
CGI Group, Inc., Class A*(b)	574		27,426
SAP SE(a)(b)	932		74,951
Total Software & Services			102,377
Technology Hardware & Equipment—1.9%
BlackBerry Ltd.*	938		7,588
Canon, Inc.(a)	3,377		100,702
Kyocera Corp.(a)(b)	882		38,949
Nokia OYJ(a)	8,181		48,350
Telefonaktiebolaget LM Ericsson(a)	9,928		99,578
Total Technology Hardware & Equipment			295,167
Telecommunication Services—11.6%
America Movil SAB de CV, Class L(a)(b)	11,601		180,164
BCE, Inc.(b)	1,210		55,103
BT Group PLC(a)(b)	2,635		84,531
China Mobile Ltd.(a)(b)	6,321		350,499
Chunghwa Telecom Co. Ltd.(a)(b)	708		23,902
Nippon Telegraph & Telephone Corp.(a)	7,040		304,410

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER ADR REVENUE ETF
(FORMERLY REVENUESHARES ADR FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
NTT DOCOMO, Inc.(a)	5,130	$	116,810
Orange SA(a)	7,734		134,417
Rogers Communications, Inc., Class B	869		34,777
Telecom Italia S.p.A.*(a)	3,030		32,694
Telecom Italia S.p.A. Class A(a)(b)	3,769		33,243
Telefonica SA(a)	14,878		165,592
TELUS Corp.	948		30,838
Vodafone Group PLC(a)	6,641		212,844
Total Telecommunication Services			1,759,824
Transportation—0.7%
Canadian National Railway Co.	482		30,106
Canadian Pacific Railway Ltd.	128		16,984
Latam Airlines Group SA*(a)	4,978		34,846
Ryanair Holdings PLC(a)	253		21,713
Total Transportation			103,649
Utilities—1.1%
Cia Energetica de Minas Gerais(a)	8,902		20,118
CPFL Energia SA*(a)(b)	1,795		19,548
Empresa Nacional de Electricidad SA(a)	359		14,938
Enersis Americas SA(a)	2,878		40,004
National Grid PLC(a)	1,057		75,491
Total Utilities			170,099
Total Common Stocks
(Cost $17,939,125)			14,810,625
PREFERRED STOCKS—1.7%
Banks—0.4%
Itau Unibanco Holding SA(a)	7,243		62,218
Energy—1.0%
Petroleo Brasileiro SA*(a)	32,542		147,415
Materials—0.3%
Vale SA(a)	13,961		43,558
Total Preferred Stocks
(Cost $292,590)			253,191
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—30.4%
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.33% (c) (Cost $4,596,687)	4,596,687		4,596,687
Total Investments—130.1% (Cost $22,828,402)			19,660,503
Liabilities in Excess of Other Assets—(30.1)%			(4,555,162	)
Net Assets—100.0%		$	15,105,341

Country	Value			% of Net Assets
Australia	$	165,932			1.1	%
Belgium		233,386			1.5
Brazil		750,705			5.0
Canada		1,366,098			9.0
Chile		165,107			1.1
China		2,587,820			17.1
Colombia		68,891			0.5
Denmark		49,150			0.3
Finland		48,350			0.3
France		698,614			4.6
Germany		226,245			1.5
Ireland		131,133			0.9
Italy		376,264			2.5
Japan		2,342,661			15.5
Jersey Islands		1,725			0.0	†
Luxembourg		415,226			2.7
Mexico		315,917			2.1
Netherlands		1,024,601			6.8
Norway		180,760			1.2
Peru		27,561			0.2
South Korea		205,013			1.4
Spain		331,826			2.2
Sweden		99,578			0.7
Switzerland		507,120			3.4
Taiwan		111,200			0.7
United Kingdom		2,521,121			16.7
United States		4,708,499			31.1
Total Investments		19,660,503			130.1
Liabilities  in Excess of Other Assets		(4,555,162	)		(30.1	)
Net Assets	$	15,105,341			100.0	%

PLC - Public Limited Company

*	Non-income producing security
†	Less than 0.05%
(a)	American Depositary Receipt
(b)	All or a portion of the security was on loan. The aggregate market value of the securities on loan was $4,498,928; total market value of the collateral held by the fund was $4,656,846.  The total market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $60,159.
(c)	Rate shown represents annualized 7-day yield as of March 31, 2016.

The accompanying notes are an integral part of these financial documents.

Schedule of Investments

OPPENHEIMER NAVELLIER OVERALL A-100 REVENUE ETF
(FORMERLY REVENUESHARES NAVELLIER OVERALL A-100 FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
COMMON STOCKS—99.6%
Banks—2.9%
Anchor Bancorp Wisconsin, Inc.*		348	$	15,681
Banc of California, Inc.(a)		1,169		20,457
BNC Bancorp		762		16,093
CenterState Banks, Inc.		1,067		15,888
Eagle Bancorp, Inc.*		348		16,704
Enterprise Financial Services Corp.		568		15,359
Home BancShares, Inc.		441		18,059
Monarch Financial Holdings, Inc.(a)		979		16,261
Pacific Premier Bancorp, Inc.*		723		15,451
QCR Holdings, Inc.(a)		640		15,264
Walker & Dunlop, Inc.*		789		19,149
WSFS Financial Corp.		533		17,333
Total Banks				201,699
Capital Goods—4.1%
Acuity Brands, Inc.(a)		179		39,047
BWX Technologies, Inc.		823		27,620
Comfort Systems USA, Inc.		983		31,230
Gibraltar Industries, Inc.*		910		26,026
Granite Construction, Inc.		818		39,100
John Bean Technologies Corp.		447		25,215
NV5 Global, Inc.*(a)		617		16,554
Toro Co. (The)		430		37,032
Universal Forest Products, Inc.		533		45,742
Total Capital Goods				287,566
Commercial & Professional Services—1.0%
Nielsen Holdings PLC		1,348		70,986
Consumer Durables & Apparel—7.1%
Hasbro, Inc.		685		54,868
LGI Homes, Inc.*(a)		922		22,322
NIKE, Inc., Class B		4,740		291,368
NVR, Inc.*		37		64,099
Smith & Wesson Holding Corp.*		708		18,847
Sturm Ruger & Co., Inc.(a)		254		17,369
Vista Outdoor, Inc.*		641		33,274
Total Consumer Durables & Apparel				502,147
Consumer Services—5.2%
China Lodging Group Ltd.(b)		667		25,486
Churchill Downs, Inc.		174		25,731
Eldorado Resorts, Inc.*		1,872		21,416
McDonald's Corp.		1,955		245,704
New Oriental Education & Technology Group, Inc.(b)		789		27,292
TAL Education Group*(a)(b)		372		18,481
Investments		Shares		Value
Total Consumer Services			$	364,110
Diversified Financials—1.6%
A-Mark Precious Metals, Inc.		3,475		69,152
MarketAxess Holdings, Inc.		136		16,977
MSCI, Inc.		345		25,558
Total Diversified Financials				111,687
Food & Staples Retailing—6.4%
Sysco Corp.		9,702		453,374
Food, Beverage & Tobacco—11.1%
Cal-Maine Foods, Inc.(a)		617		32,028
Campbell Soup Co.		1,325		84,522
Coca-Cola Bottling Co. Consolidated(a)		201		32,112
Constellation Brands, Inc., Class A(a)		492		74,336
Hormel Foods Corp.		2,211		95,604
Ingredion, Inc.		633		67,598
John B. Sanfilippo & Son, Inc.		333		23,007
Tyson Foods, Inc., Class A		5,522		368,096
Total Food, Beverage & Tobacco				777,303
Health Care Equipment & Services—3.5%
AMN Healthcare Services, Inc.*(a)		866		29,106
Cantel Medical Corp.(a)		279		19,909
Edwards Lifesciences Corp.*		415		36,607
Masimo Corp.*		520		21,757
Owens & Minor, Inc.(a)		2,580		104,284
Teleflex, Inc.		201		31,559
Total Health Care Equipment & Services				243,222
Household & Personal Products—1.2%
Clorox Co. (The)		509		64,165
Natural Health Trends Corp.(a)		533		17,669
Total Household & Personal Products				81,834
Insurance—3.9%
AMERISAFE, Inc.		342		17,969
Everest Re Group Ltd.		343		67,718
Markel Corp.*		70		62,410
Old Republic International Corp.		3,629		66,338
Selective Insurance Group, Inc.		949		34,743
United Fire Group, Inc.		551		24,145
Total Insurance				273,323
Materials—2.0%
Braskem SA(a)(b)		8,727		112,666
Stepan Co.		562		31,073
Total Materials				143,739
Pharmaceuticals, Biotechnology & Life Sciences—0.7%
Bruker Corp.		1,034		28,952

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER NAVELLIER OVERALL A-100 REVENUE ETF
(FORMERLY REVENUESHARES NAVELLIER OVERALL A-100 FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Prestige Brands Holdings, Inc.*(a)	409	$	21,837
Total Pharmaceuticals, Biotechnology & Life Sciences			50,789
Real Estate—0.8%
CoreSite Realty Corp.	262		18,342
CubeSmart	566		18,848
Equity Lifestyle Properties, Inc.	293		21,310
Total Real Estate			58,500
Retailing—2.8%
Ctrip.com International Ltd.*(a)(b)	681		30,141
LKQ Corp.*	2,550		81,421
O'Reilly Automotive, Inc.*	319		87,298
Total Retailing			198,860
Semiconductors & Semiconductor Equipment—0.9%
NVIDIA Corp.(a)	1,843		65,666
Software & Services—16.2%
Alphabet, Inc., Class A*	642		489,782
Blackbaud, Inc.	324		20,376
Cadence Design Systems, Inc.*	1,270		29,947
Citrix Systems, Inc.*	562		44,162
CSG Systems International, Inc.(a)	518		23,393
Ellie Mae, Inc.*(a)	196		17,765
Exlservice Holdings, Inc.*	406		21,031
Facebook, Inc., Class A*	1,573		179,479
Fiserv, Inc.*	604		61,958
Globant SA*(a)	535		16,510
Heartland Payment Systems, Inc.	412		39,787
Jack Henry & Associates, Inc.	313		26,470
NetEase, Inc.(b)	298		42,787
Qihoo 360 Technology Co. Ltd.*(a)(b)	381		28,785
Sabre Corp.	1,465		42,368
Sapiens International Corp NV	1,390		16,652
Stamps.com, Inc.*	141		14,985
WebMD Health Corp.*	333		20,856
Total Software & Services			1,137,093
Technology Hardware & Equipment—0.7%
Fabrinet*	792		25,621
Orbotech Ltd.*	904		21,497
Total Technology Hardware & Equipment			47,118
Telecommunication Services—19.2%
AT&T, Inc.	12,590		493,150
General Communication, Inc., Class A*	1,292		23,669
Nippon Telegraph & Telephone Corp.(b)	11,150		482,126
NTT DOCOMO, Inc.(b)	14,541		331,099
Shenandoah Telecommunications Co.	689		18,431
Investments	Shares		Value
Total Telecommunication Services		$	1,348,475
Transportation—1.5%
Hawaiian Holdings, Inc.*	735		34,685
Ryanair Holdings PLC(b)	830		71,230
Total Transportation			105,915
Utilities—6.8%
Korea Electric Power Corp.(b)	18,445		474,959
Total Common Stocks
(Cost $6,829,763)			6,998,365
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—6.2%
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.33% (c) (Cost $435,183)	435,183		435,183
Total Investments—105.8% (Cost $7,264,946)			7,433,548
Liabilities in Excess of Other Assets—(5.8)%			(404,284	)
Net Assets—100.0%		$	7,029,264

PLC - Public Limited Company

*	Non-income producing security
(a)	All or a portion of the security was on loan. The aggregate market value of the securities on loan was $710,449; total market value of the collateral held by the fund was $730,817.  The total market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $295,634.
(b)	American Depositary Receipt
(c)	Rate shown represents annualized 7-day yield as of March 31, 2016.

The accompanying notes are an integral part of these financial documents.

Schedule of Investments

OPPENHEIMER ULTRA DIVIDEND REVENUE ETF
(FORMERLY REVENUESHARES ULTRA DIVIDEND FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
COMMON STOCKS—99.6%
Banks—0.9%
New York Community Bancorp, Inc.		7,361	$	117,040
PacWest Bancorp		4,333		160,971
People's United Financial, Inc.(a)		14,474		230,571
Valley National Bancorp		11,524		109,939
Total Banks				618,521
Capital Goods—5.2%
PACCAR, Inc.		65,619		3,588,703
Commercial & Professional Services—3.0%
R.R. Donnelley & Sons Co.		128,220		2,102,808
Consumer Durables & Apparel—2.9%
Garmin Ltd.		13,094		523,236
Mattel, Inc.		31,828		1,070,058
Tupperware Brands Corp.(a)		7,595		440,358
Total Consumer Durables & Apparel				2,033,652
Diversified Financials—1.9%
CME Group, Inc.		6,486		622,980
Navient Corp.		37,161		444,817
Waddell & Reed Financial, Inc., Class A(a)		10,820		254,703
Total Diversified Financials				1,322,500
Energy—25.1%
Chevron Corp.		36,584		3,490,114
ConocoPhillips		85,394		3,438,816
Helmerich & Payne, Inc.(a)		7,567		444,334
Kinder Morgan, Inc.		142,647		2,547,675
Murphy Oil Corp.(a)		21,679		546,094
National Oilwell Varco, Inc.		81,504		2,534,774
Noble Corp. PLC(a)		53,946		558,341
ONEOK, Inc.		50,571		1,510,050
Spectra Energy Corp.		31,823		973,784
Williams Cos., Inc. (The)		84,778		1,362,383
Total Energy				17,406,365
Food, Beverage & Tobacco—5.1%
Philip Morris International, Inc.		35,862		3,518,421
Insurance—2.4%
Mercury General Corp.		10,238		568,209
Old Republic International Corp.		58,388		1,067,333
Total Insurance				1,635,542
Materials—1.1%
Greif, Inc., Class A		22,734		744,538
Investments		Shares		Value
Media—0.8%
Time, Inc.		38,034	$	587,245
Real Estate—8.7%
Communications Sales & Leasing, Inc.		6,103		135,792
Corporate Office Properties Trust		4,550		119,392
Corrections Corp. of America		10,814		346,589
HCP, Inc.		14,363		467,946
Hospitality Properties Trust		13,882		368,706
Host Hotels & Resorts, Inc.		60,038		1,002,634
Iron Mountain, Inc.(a)		17,448		591,662
Lamar Advertising Co., Class A		4,198		258,177
LaSalle Hotel Properties		8,941		226,297
Liberty Property Trust		4,763		159,370
National Retail Properties, Inc.(a)		2,009		92,816
Omega Healthcare Investors, Inc.		4,082		144,095
Potlatch Corp.		3,491		109,966
Rayonier, Inc.		4,354		107,457
Realty Income Corp.		3,167		197,969
Senior Housing Properties Trust		11,031		197,344
Ventas, Inc.		10,131		637,848
Welltower, Inc.		10,462		725,435
WP GLIMCHER, Inc.		18,351		174,151
Total Real Estate				6,063,646
Retailing—0.5%
Guess?, Inc.		18,474		346,757
Technology Hardware & Equipment—4.2%
Lexmark International, Inc., Class A		19,624		656,030
Seagate Technology PLC(a)		65,663		2,262,091
Total Technology Hardware & Equipment				2,918,121
Telecommunication Services—16.5%
AT&T, Inc.		90,202		3,533,212
CenturyLink, Inc.		103,576		3,310,289
Frontier Communications Corp.(a)		190,033		1,062,284
Verizon Communications, Inc.		65,871		3,562,304
Total Telecommunication Services				11,468,089
Utilities—21.3%
CenterPoint Energy, Inc.		67,165		1,405,092
Duke Energy Corp.(a)		44,497		3,590,018
Entergy Corp.		27,967		2,217,224
FirstEnergy Corp.		75,469		2,714,620
PPL Corp.		38,685		1,472,738
Southern Co. (The)		64,776		3,350,862
Total Utilities				14,750,554

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER ULTRA DIVIDEND REVENUE ETF
(FORMERLY REVENUESHARES ULTRA DIVIDEND FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Total Common Stocks
(Cost $63,430,873)		$	69,105,462
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—4.2%
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.33% (b) (Cost $2,918,773)	2,918,773		2,918,773
Total Investments—103.8% (Cost $66,349,646)			72,024,235
Liabilities in Excess of Other Assets—(3.8)%			(2,610,668	)
Net Assets—100.0%		$	69,413,567

PLC - Public Limited Company

(a)	All or a portion of the security was on loan. The aggregate market value of the securities on loan was $8,190,969; total market value of the collateral held by the fund was $8,314,118.  The total market value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $5,395,345.
(b)	Rate shown represents annualized 7-day yield as of March 31, 2016.

The accompanying notes are an integral part of these financial documents.

Schedule of Investments

OPPENHEIMER GLOBAL GROWTH REVENUE ETF
(FORMERLY REVENUESHARES GLOBAL GROWTH FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
COMMON STOCKS—91.5%
Automobiles & Components—7.3%
Astra International Tbk PT		94,541	$	51,691
Fiat Chrysler Automobiles NV		5,865		47,453
Hyundai Mobis Co. Ltd.		58		12,628
Kia Motors Corp.		416		17,570
Peugeot SA*		909		15,600
Renault SA		136		13,533
Total Automobiles & Components				158,475
Banks—7.3%
Banco Do Brasil SA		1,819		10,147
Bank Central Asia Tbk PT		12,063		12,099
Bank Mandiri Persero Tbk PT		18,968		14,734
Bank of Ireland*		30,322		8,811
Bank Rakyat Indonesia Persero Tbk PT*		19,541		16,837
BBVA Banco Continental SA		10,937		11,497
Credicorp Ltd.		242		31,704
Intercorp Financial Services, Inc., Series I		390		10,078
OTP Bank PLC		1,417		35,596
UniCredit SpA		1,752		6,329
Total Banks				157,832
Capital Goods—8.0%
Airbus Group SE		266		17,687
CNH Industrial NV		1,540		10,486
Ferreycorp SAA		35,060		15,478
Finmeccanica SpA*		490		6,226
Grafton Group PLC		1,063		11,031
Grana y Montero SAA		27,885		23,030
Hanwha Corp.		446		13,845
Hyundai Heavy Industries Co. Ltd.*		160		14,900
Kingspan Group PLC		383		10,126
Kone OYJ, Class B		494		23,846
United Tractors Tbk PT		11,783		13,596
Wartsila OYJ Abp		272		12,327
Total Capital Goods				172,578
Consumer Durables & Apparel—0.8%
LG Electronics, Inc.		326		17,560
Energy—19.2%
Eni S.p.A.		2,347		35,571
Grupa Lotos SA*		2,352		17,593
MOL Hungarian Oil & Gas PLC		1,758		105,784
Neste OYJ		711		23,432
Petroleo Brasileiro SA*		13,525		40,567
Polski Koncern Naftowy Orlen SA		3,868		76,801
Investments		Shares		Value
Polskie Gornictwo Naftowe I Gazownictwo SA		20,116	$	28,753
SK Innovation Co. Ltd.		143		21,508
Sugih Energy Tbk PT*		448,996		12,156
Total SA		767		35,014
Ultrapar Participacoes SA		968		19,062
Total Energy				416,241
Food & Staples Retailing—5.7%
Carrefour SA		822		22,650
Casino Guichard Perrachon SA		243		13,951
Eurocash SA		1,131		16,212
InRetail Peru Corp.*(a)		1,484		25,005
Kesko OYJ, Class A		271		11,411
Kesko OYJ, Class B		263		11,631
Rallye SA		747		12,990
Total Produce PLC		5,751		10,126
Total Food & Staples Retailing				123,976
Food, Beverage & Tobacco—6.4%
Alicorp SAA*		11,828		21,314
Ambev SA		2,174		11,545
Glanbia PLC		457		9,343
Gudang Garam Tbk PT		3,809		18,758
Indofood Sukses Makmur Tbk PT		29,926		16,306
JBS SA		11,738		36,267
Kerry Group PLC, Class A		229		21,388
Origin Enterprises PLC		667		5,016
Total Food, Beverage & Tobacco				139,937
Insurance—5.9%
Assicurazioni Generali S.p.A.		2,232		33,141
AXA SA		1,323		31,193
Poste Italiane SpA*(a)		1,975		14,966
Powszechny Zaklad Ubezpieczen SA		1,555		14,874
Sampo OYJ, Class A		354		16,838
Unipol Gruppo Finanziario SpA		2,127		8,619
UnipolSai SpA		3,205		7,429
Total Insurance				127,060
Materials—14.3%
Braskem SA		1,674		9,683
CRH PLC		2,841		80,279
KGHM Polska Miedz SA		766		15,662
Outokumpu OYJ*		4,176		16,313
POSCO		108		20,729
Smurfit Kappa Group PLC		1,046		26,986
Sociedad Minera Cerro Verde SAA*		540		11,016
Southern Copper Corp.		1,818		50,377
Stora Enso OYJ, Class R		3,105		27,829

The accompanying notes are an integral part of these financial documents.

Schedule of Investments - continued

OPPENHEIMER GLOBAL GROWTH REVENUE ETF
(FORMERLY REVENUESHARES GLOBAL GROWTH FUND)

MARCH 31, 2016 (UNAUDITED)

Investments	Shares		Value
Union Andina de Cementos SAA	19,323	$	13,058
UPM-Kymmene OYJ	1,510		27,394
Vale SA	2,627		11,230
Total Materials			310,556
Pharmaceuticals, Biotechnology & Life Sciences—1.1%
Richter Gedeon Nyrt	1,241		24,752
Technology Hardware & Equipment—3.4%
Nokia OYJ	6,013		35,802
Samsung Electronics Co. Ltd.	33		37,860
Total Technology Hardware & Equipment			73,662
Telecommunication Services—3.8%
Magyar Telekom Telecommunications PLC*	27,291		45,138
Orange Polska SA	5,363		9,712
Telekomunikasi Indonesia Persero Tbk PT	109,641		27,493
Total Telecommunication Services			82,343
Transportation—1.7%
Garuda Indonesia Persero Tbk PT*	441,818		14,660
Ryanair Holdings PLC	1,395		22,518
Total Transportation			37,178
Utilities—6.6%
Electricite de France SA	1,815		20,402
Enel S.p.A.	7,679		34,110
Energa SA	2,294		8,080
Enersis SA*(b)	117,784		—
Engie SA	1,238		19,243
Korea Electric Power Corp.	406		21,372
PGE Polska Grupa Energetyczna SA	6,253		23,487
Tauron Polska Energia SA	19,331		15,633
Total Utilities			142,327
Total Common Stocks
(Cost $1,982,289)			1,984,477
PREFERRED STOCKS—4.9%
Energy—1.8%
Petroleo Brasileiro SA, Class Preference*	16,869		39,745
Food & Staples Retailing—0.8%
Cia Brasileira de Distribuicao, Class Preference	1,244		17,498
Materials—0.6%
Metalurgica Gerdau SA, Class Preference	17,130		11,745
Technology Hardware & Equipment—1.7%
Samsung Electronics Co. Ltd., Class Preference	39		37,752
Total Preferred Stocks
(Cost $100,805)			106,740
Total Investments—96.4% (Cost $2,083,094)			2,091,217
Investments			Value
Other Assets in Excess of Liabilities—3.6%		$	78,933
Net Assets—100.0%		$	2,170,150

PLC - Public Limited Company

*	Non-income producing security
(a)	144A
(b)	Pending listing

Country	Value		% of Net Assets
Brazil	$	207,489		9.6	%
Chile(a)		—		—	†
Finland		206,823		9.5
France		202,263		9.3
Hungary		211,270		9.7
Indonesia		198,330		9.1
Ireland		194,593		9.0
Italy		146,391		6.8
Peru		212,557		9.8
Poland		226,807		10.5
South Korea		215,724		9.9
United Kingdom		68,970		3.2
Total Investments		2,091,217		96.4
Other Assets in Excess of Liabilities		78,933		3.6
Net Assets	$	2,170,150		100.0	%

†	Less than 0.05%
(a)	Includes a pending listing

The accompanying notes are an integral part of these financial documents.

NOTES TO SCHEDULES OF INVESTMENTS (Unaudited)

1. ORGANIZATION

The Oppenheimer Revenue Weighted ETF Trust (the “Trust”, formerly “RevenueShares ETF Trust”) was organized as a Delaware statutory trust on December 15, 2006 and has authorized capital of unlimited shares. The Trust is an open-end management investment company, registered under the Investment Company Act of 1940, as amended (the “Act”), which, as of the date of this report, is comprised of eight active funds (collectively, the “Funds” and each individually a “Fund”). The Oppenheimer Large Cap Revenue ETF (formerly “RevenueShares Large Cap Fund”), the Oppenheimer Mid Cap Revenue ETF (formerly “RevenueShares Mid Cap Fund”), the Oppenheimer Small Cap Revenue ETF (formerly “RevenueShares Small Cap Fund”) and the Oppenheimer Global Growth Revenue ETF (formerly, “RevenueShares Global Growth Fund”) are diversified funds under the Act, the Oppenheimer Financials Sector Revenue ETF (formerly “RevenueShares Financials Sector Fund”), the Oppenheimer ADR Revenue ETF (formerly “RevenueShares ADR Fund”), the Oppenheimer Navellier Overall A-100 Revenue ETF (formerly “RevenueShares Navellier Overall A-100 Fund”) and the Oppenheimer Ultra Dividend Revenue ETF (formerly “RevenueShares Ultra Dividend Fund”) are not diversified. The Funds’ investment objective is to seek total return.

The following is a summary of significant accounting policies followed in the Funds’ preparation of financial statements in accordance with accounting principles generally accepted in the United States (“U.S. GAAP”).

Under the Funds’ organizational documents, its officers and trustees are indemnified by the Funds against certain liabilities arising out of the performance of their duties to the Funds. Additionally, in the normal course of business, the Funds enter into contracts with service providers that contain general indemnification clauses. The Funds’ maximum exposure under these arrangements is unknown as this would involve future claims that may be made against the Funds that have not yet occurred. Currently, the Funds expect the risk of loss to be remote.

2. SIGNIFICANT ACCOUNTING POLICIES

These financial statements are prepared in accordance with accounting principles generally accepted in the United States, which require management to make estimates and assumptions that affect the reported amount of assets and liabilities, the disclosure of contingent liabilities at the date of the financial statements, and the reported amount of increase and decrease in net assets from operations during the fiscal period. Actual amounts could differ from these estimates. The following summarizes the significant accounting policies of the Funds:

Investment Valuation — Securities traded on a national securities exchange are valued based on their last sale price. Price information on listed securities is taken from the exchange where the security is primarily traded. Securities regularly traded in an over the counter market are valued at the latest quoted sale price in such market or in the case of the NASDAQ, at the NASDAQ Official Closing Price. Other portfolio securities and assets for which market quotations are not readily available are valued based on fair value as determined in good faith and in accordance with procedures adopted by the Trust’s Board of Trustees (the “Board”).

The Net Asset Value (“NAV”) per share of each Fund is computed by dividing the value of the net assets of each Fund by the total number of outstanding shares of that Fund, rounded to the nearest cent. The Bank of New York Mellon calculates each Fund’s NAV at the close of the regular trading session on the NYSE, ordinarily 4:00 p.m., Eastern Time on each day that such exchange is open, except in the case of a scheduled early closing of the NYSE, in which case the Fund will calculated the NAV of the shares as of the scheduled early closing time of the NYSE.

Investment Transactions — Investment transactions are accounted for on the trade date for financial reporting purposes. Realized gains and losses on sales of investment securities are calculated using the identified cost method.

Securities Lending — Each Fund may lend portfolio securities to certain creditworthy borrowers, including the Funds’ securities lending agent. It is the Funds’ policy that, at origination, all loans are secured by collateral of at least 102% of the value of U.S. securities loaned and 105% of the value of foreign securities loaned. Collateral in the form of U.S. dollar cash and/or U.S. government securities is maintained at all times. The cash collateral can be

invested in a certain money market mutual fund, which may also have exposure to the fluctuations of the market. Each Fund receives compensation for lending its securities from interest or dividends earned on the cash invested in the money market mutual fund or U.S. government securities held as collateral, net of fee rebates paid to the borrower plus reasonable administrative and custody fees. The dividend and interest income earned on the securities loaned is accounted for in the same manner as other dividend and interest income. The borrower pays to the Funds an amount equal to any dividends or interest received on loaned securities. Lending securities could result in a loss or delay in recovering the Fund’s securities if the borrower defaults.

The value of loaned securities and related collateral outstanding at March 31, 2016 are shown in the Schedules of Investments. The value of the collateral held may be temporarily less than that required under the lending contract. As of March 31, 2016, the collateral consisted of an institutional money market fund, U.S. Treasury Bills, U.S. Treasury Notes, U.S. Treasury Bonds and U.S. Treasury Inflation Indexed Bonds.

3. FAIR VALUE MEASUREMENT

The authoritative guidance for fair value measurements and disclosures, Accounting Standards Codification™ Topic 820, establishes an authoritative framework for the measurement of fair value, and enhances disclosures about fair value measurements. Furthermore, Topic 820 establishes a hierarchy for inputs used in measuring fair value that maximizes the use of observable inputs and minimizes the use of unobservable inputs by requiring the most observable inputs be used when available. The Funds utilized various inputs in determining the value of each Fund’s investments. These inputs are summarized in the three broad levels as follows:

Level 1 — quoted prices in active markets for identical securities

Level 2 — other significant observable inputs (including quoted prices in an active market for similar securities, the intrinsic value of securities such as rights, warrants or options, etc.)

Level 3 — significant unobservable inputs (including the Fund’s own assumptions in determining the fair value of investments)

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following summarizes inputs used as of March 31, 2016 in valuing the Funds’ assets carried at fair value:

	(Level 1)		(Level 2)			(Level 3)
Fund	Common Stock	Preferred Stock	Money Market Funds	Common Stock		Common Stock	Total
Oppenheimer Large Cap Revenue ETF	$      324,851,932	$                        –	$             5,617,901	$                      –		$                        –	$      330,469,833
Oppenheimer Mid Cap Revenue ETF	190,829,983	–	13,013,714	–		–	203,843,697
Oppenheimer Small Cap Revenue ETF	284,700,012	–	27,925,811	–		–	312,625,823
Oppenheimer Financials Sector Revenue ETF	20,293,142	–	17,136	–		–	20,310,278
Oppenheimer ADR Revenue ETF	14,810,625	253,191	4,596,687	–		–	19,660,503
Oppenheimer Navellier Overall A-100 Revenue ETF	6,998,365	–	435,183	–		–	7,433,548
Oppenheimer Ultra Dividend Revenue ETF	69,105,462	–	2,918,773	–		–	72,024,235
Oppenheimer Global Growth Revenue ETF	1,984,477	106,740	–	–	*	–	2,091,217

* Includes Level 2 security valued at $0.

At March 31, 2016, the Funds did not hold any Level 3 securities. Please refer to each Fund’s Schedule of Investments to view equity securities segregated by industry type.

The Funds’ policy is to disclose transfers between Levels based on valuations at the beginning of the reporting period. For the period ended March 31, 2016, there were no transfers out of Level 2 into Level 1.

4.FEDERAL INCOME TAX

The Funds intend to continue to qualify as “regulated investment companies” under Subchapter M of the Internal Revenue Code of 1986, as amended (the “Internal Revenue Code”). If so qualified, the Funds will not be subject to Federal income tax to the extent they distribute substantially all of their net investment income and capital gains to shareholders.

At March 31, 2016, the aggregate gross unrealized appreciation and depreciation of investments for Federal income tax purposes were substantially the same for book purposes, as indicated below:

Fund	Cost	Gross Unrealized Appreciation	Gross Unrealized (Depreciation)	Net Unrealized Appreciation (Depreciation)
Oppenheimer Large Cap Revenue ETF	$293,819,047	$47,715,714	$(11,064,928)	$36,650,786
Oppenheimer Mid Cap Revenue ETF	196,514,808	23,638,409	(16,309,520)	7,328,889
Oppenheimer Small Cap Revenue ETF	311,285,269	35,371,970	(34,031,416)	1,340,554
Oppenheimer Financials Sector Revenue ETF	19,364,743	2,048,660	(1,103,125)	945,535
Oppenheimer ADR Revenue ETF	23,664,509	935,005	(4,939,011)	(4,004,006)
Oppenheimer Navellier Overall A-100 Revenue ETF	7,264,946	221,481	(52,879)	168,602
Oppenheimer Ultra Dividend Revenue ETF	66,693,358	6,425,283	(1,094,406)	5,330,877
Oppenheimer Global Growth Revenue ETF	2,083,321	58,589	(50,693)	7,896

Item 2. Controls and Procedures.

(a) The registrant’s principal executive and principal financial officers, or persons performing similar functions, have concluded that the registrant’s disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940, as amended (the “1940 Act”) (17 CFR 270.30a-3(c))) are effective, as of a date within 90 days of the filing date of the report that includes the disclosure required by this paragraph, based on their evaluation of these controls and procedures required by Rule 30a-3(b) under the 1940 Act (17 CFR 270.30a-3(b)) and Rules 13a-15(b) or 15d-15(b) under the Securities Exchange Act of 1934, as amended (17 CFR 240.13a-15(b) or 240.15d-15(b)).

(b) There were no changes in the registrant’s internal control over financial reporting (as defined in Rule 30a-3(d) under the 1940 Act (17 CFR 270.30a-3(d))) that occurred during the registrant’s last fiscal quarter that have materially affected, or are reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Certifications pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act of 2002 are attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

(Registrant)      Oppenheimer Revenue Weighted ETF Trust

By (Signature and Title)*	/s/	Arthur P. Steinmetz
		Arthur P. Steinmetz
		Principal Executive Officer

Date      5/13/2016

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.

By (Signature and Title)*	/s/	Arthur P. Steinmetz
		Arthur P. Steinmetz
		Principal Executive Officer

Date      5/13/2016

By (Signature and Title)*	/s/	Brian S. Peterson
		Brian S. Petersen
		Principal Financial Officer

Date      5/13/2016

^* Print the name and title of each signing officer under his or her signature.

EX-99.CERT

Exhibit 99.CERT

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

I, Arthur P. Steinmetz, certify that:

1. I have reviewed this report on Form N-Q of Oppenheimer Revenue Weighted ETF Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: 5/13/2016	/s/ Arthur P. Steinmetz
	Arthur P. Steinmetz
	Principal Executive Officer

Certification Pursuant to Rule 30a-2(a) under the 1940 Act and Section 302 of the Sarbanes-Oxley Act

I, Brian S. Petersen, certify that:

1. I have reviewed this report on Form N-Q of Oppenheimer Revenue Weighted ETF Trust;

2. Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3. Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

4. The registrant's other certifying officer(s) and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a) Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b) Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c) Evaluated the effectiveness of the registrant's disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d) Disclosed in this report any change in the registrant's internal control over financial reporting that occurred during the registrant's most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant's internal control over financial reporting; and

5. The registrant's other certifying officer(s) and I have disclosed to the registrant's auditors and the audit committee of the registrant's board of directors (or persons performing the equivalent functions):

(a) All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant's ability to record, process, summarize, and report financial information; and

(b) Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant's internal control over financial reporting.

Date: 5/13/2016	/s/ Brian S. Peterson
	Brian S. Petersen
	Principal Financial Officer