N-Q 1 e00298nq.htm QUARTERLY REPORT

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.