N-Q 1 e71865nq.htm FORM N-Q

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

 

FORM N-Q

 

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT COMPANY

 

Investment Company Act file number            811-21993
   

 

Oppenheimer Revenue Weighted ETF Trust
(Exact name of registrant as specified in charter)
 
6803 South Tucson Way, Centennial, Colorado 80112-3924
(Address of principal executive offices) (Zip code)
 
Cynthia Lo Bessette
VTL Associates, LLC
225 Liberty Street, New York, New York 10281-1008
 (Name and address of agent for service)

 

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

 

Date of fiscal year end: June 30

 

Date of reporting period: September 30, 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.

 

Schedule of Investments

OPPENHEIMER LARGE CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
COMMON STOCKS—99.7%        
Automobiles & Components—3.8%  
BorgWarner, Inc.   9,306   $ 327,385
Delphi Automotive PLC1   8,562   610,642
Ford Motor Co.   480,242   5,796,521
General Motors Co.   194,506   6,179,456
Goodyear Tire & Rubber Co. (The)   18,592   600,521
Harley-Davidson, Inc.1   4,543   238,916
Johnson Controls International PLC   30,471   1,417,816
Total Automobiles & Components     15,171,257
Banks—3.8%  
Bank of America Corp.   185,116   2,897,065
BB&T Corp.1   9,615   362,678
Citigroup, Inc.   52,921   2,499,459
Citizens Financial Group, Inc.   7,134   176,281
Comerica, Inc.   2,108   99,751
Fifth Third Bancorp   11,669   238,748
Huntington Bancshares, Inc.   11,643   114,800
JPMorgan Chase & Co.   50,960   3,393,426
KeyCorp   12,431   151,285
M&T Bank Corp.   1,565   181,697
People's United Financial, Inc.   2,988   47,270
PNC Financial Services Group, Inc. (The)   6,210   559,459
Regions Financial Corp.   20,036   197,755
SunTrust Banks, Inc.   6,888   301,694
U.S. Bancorp   16,879   723,940
Wells Fargo & Co.   68,735   3,043,586
Zions Bancorporation   2,744   85,119
Total Banks     15,074,013
Capital Goods—8.0%  
3M Co.   6,523   1,149,548
Acuity Brands, Inc.1   451   119,335
Allegion PLC   1,233   84,966
AMETEK, Inc.   3,156   150,794
Boeing Co. (The)   29,020   3,823,095
Caterpillar, Inc.   19,177   1,702,342
Cummins, Inc.   5,858   750,703
Deere & Co.   12,647   1,079,422
Dover Corp.   3,745   275,782
Eaton Corp. PLC   12,033   790,688
Emerson Electric Co.   15,224   829,860
Fastenal Co.   3,703   154,711
Flowserve Corp.   3,516   169,612
Fluor Corp.   14,045   720,789
Fortive Corp.   4,584   233,326
         
    Shares   Value
Fortune Brands Home & Security, Inc.   3,281   $   190,626
General Dynamics Corp.   7,891   1,224,368
General Electric Co.   147,300   4,363,026
Honeywell International, Inc.   12,943   1,509,024
Illinois Tool Works, Inc.   4,346   520,825
Ingersoll-Rand PLC   7,902   536,862
Jacobs Engineering Group, Inc.2   8,883   459,429
L-3 Communications Holdings, Inc.   2,743   413,452
Lockheed Martin Corp.   7,867   1,885,877
Masco Corp.   8,317   285,356
Northrop Grumman Corp.   4,267   912,925
PACCAR, Inc.   11,954   702,656
Parker-Hannifin Corp.   3,545   445,004
Pentair PLC   4,146   266,339
Quanta Services, Inc.1,2   11,142   311,865
Raytheon Co.   6,802   925,956
Rockwell Automation, Inc.   1,973   241,377
Rockwell Collins, Inc.   2,459   207,392
Roper Technologies, Inc.   793   144,699
Snap-on, Inc.   925   140,563
Stanley Black & Decker, Inc.   3,553   436,948
Textron, Inc.   13,152   522,792
TransDigm Group, Inc.1,2   410   118,539
United Rentals, Inc.2   2,776   217,888
United Technologies Corp.   21,234   2,157,374
W.W. Grainger, Inc.1   1,754   394,369
Xylem, Inc.   2,823   148,066
Total Capital Goods     31,718,570
Commercial & Professional Services—0.5%  
Cintas Corp.   1,626   183,088
Dun & Bradstreet Corp. (The)   472   64,485
Equifax, Inc.   826   111,163
Nielsen Holdings PLC   4,498   240,958
Pitney Bowes, Inc.   7,518   136,527
Republic Services, Inc.   7,002   353,251
Robert Half International, Inc.   5,369   203,270
Stericycle, Inc.1,2   1,602   128,384
Verisk Analytics, Inc.2   965   78,435
Waste Management, Inc.   7,957   507,338
Total Commercial & Professional Services     2,006,899
Consumer Durables & Apparel—1.6%  
Coach, Inc.   4,665   170,552
D.R. Horton, Inc.   14,585   440,467
Garmin Ltd.   2,320   111,615
Hanesbrands, Inc.1   8,240   208,060

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

Schedule of Investments - continued

OPPENHEIMER LARGE CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Harman International Industries, Inc.1   3,212   $   271,253
Hasbro, Inc.   2,228   176,747
Leggett & Platt, Inc.   2,970   135,373
Lennar Corp., Class A   8,529   361,118
Mattel, Inc.   6,865   207,872
Michael Kors Holdings Ltd.2   3,999   187,113
Mohawk Industries, Inc.2   1,523   305,118
Newell Brands, Inc.   6,136   323,122
NIKE, Inc., Class B   22,251   1,171,515
PulteGroup, Inc.   13,151   263,546
PVH Corp.   2,849   314,815
Ralph Lauren Corp.   2,929   296,239
Under Armour, Inc., Class A1,2   2,110   81,615
Under Armour, Inc., Class C2   2,403   81,366
VF Corp.   8,198   459,498
Whirlpool Corp.   4,776   774,476
Total Consumer Durables & Apparel     6,341,480
Consumer Services—1.1%  
Carnival Corp.   13,371   652,772
Chipotle Mexican Grill, Inc.1,2   372   157,542
Darden Restaurants, Inc.   4,291   263,124
H&R Block, Inc.   5,231   121,098
Marriott International, Inc., Class A   1,592   107,190
McDonald's Corp.   8,281   955,296
Royal Caribbean Cruises Ltd.   4,894   366,805
Starbucks Corp.   14,481   784,001
Wyndham Worldwide Corp.1   3,118   209,935
Wynn Resorts Ltd.   1,403   136,680
Yum! Brands, Inc.   5,555   504,450
Total Consumer Services     4,258,893
Diversified Financials—4.2%  
Affiliated Managers Group, Inc.2   593   85,807
American Express Co.   18,175   1,163,927
Ameriprise Financial, Inc.   4,411   440,086
Bank of New York Mellon Corp. (The)   13,947   556,206
Berkshire Hathaway, Inc., Class B2   53,223   7,689,127
BlackRock, Inc.   1,155   418,641
Capital One Financial Corp.   10,188   731,804
Charles Schwab Corp. (The)   8,446   266,640
CME Group, Inc.   1,217   127,201
Discover Financial Services   4,722   267,029
E*TRADE Financial Corp.2   2,618   76,236
Franklin Resources, Inc.   7,248   257,811
Goldman Sachs Group, Inc. (The)   6,411   1,033,902
Intercontinental Exchange, Inc.   543   146,263
         
    Shares   Value
Invesco Ltd.   5,964   $ 186,494
Legg Mason, Inc.   2,895   96,925
Leucadia National Corp.   20,419   388,778
Moody's Corp.   1,188   128,637
Morgan Stanley   38,333   1,228,956
Nasdaq, Inc.   1,967   132,851
Navient Corp.   6,041   87,413
Northern Trust Corp.   2,673   181,737
S&P Global, Inc.   1,684   213,127
State Street Corp.   5,537   385,541
Synchrony Financial   9,443   264,404
T. Rowe Price Group, Inc.   2,331   155,012
Total Diversified Financials     16,710,555
Energy—7.3%  
Anadarko Petroleum Corp.   5,237   331,816
Apache Corp.   3,269   208,791
Baker Hughes, Inc.   9,470   477,951
Cabot Oil & Gas Corp.   1,606   41,435
Chesapeake Energy Corp.1,2   48,542   304,358
Chevron Corp.   39,962   4,112,889
Cimarex Energy Co.   339   45,551
Concho Resources, Inc.2   435   59,747
ConocoPhillips   22,348   971,468
Devon Energy Corp.   9,552   421,339
EOG Resources, Inc.   2,922   282,587
EQT Corp.   831   60,347
Exxon Mobil Corp.   91,598   7,994,673
FMC Technologies, Inc.2   7,385   219,113
Halliburton Co.   16,957   761,030
Helmerich & Payne, Inc.1   1,153   77,597
Hess Corp.   4,039   216,571
Kinder Morgan, Inc.   24,001   555,143
Marathon Oil Corp.   10,984   173,657
Marathon Petroleum Corp.   48,756   1,979,006
Murphy Oil Corp.   2,983   90,683
National Oilwell Varco, Inc.1   11,303   415,272
Newfield Exploration Co.2   1,211   52,630
Noble Energy, Inc.   3,355   119,908
Occidental Petroleum Corp.   5,554   404,998
ONEOK, Inc.   6,108   313,890
Phillips 66   34,857   2,807,731
Pioneer Natural Resources Co.   720   133,668
Range Resources Corp.   1,042   40,378
Schlumberger Ltd.   14,693   1,155,458
Southwestern Energy Co.2   6,855   94,873

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

Schedule of Investments - continued

OPPENHEIMER LARGE CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Spectra Energy Corp.   4,330   $   185,108
Tesoro Corp.   11,669   928,386
Transocean Ltd.1,2   20,490   218,423
Valero Energy Corp.   49,597   2,628,641
Williams Cos., Inc. (The)   9,114   280,073
Total Energy     29,165,189
Food & Staples Retailing—10.1%  
Costco Wholesale Corp.   29,554   4,507,280
CVS Health Corp.   70,243   6,250,925
Kroger Co. (The)   138,117   4,099,313
Sysco Corp.   37,300   1,828,073
Walgreens Boots Alliance, Inc.   54,349   4,381,616
Wal-Mart Stores, Inc.   253,085   18,252,490
Whole Foods Market, Inc.   20,497   581,090
Total Food & Staples Retailing     39,900,787
Food, Beverage & Tobacco—4.1%  
Altria Group, Inc.   11,452   724,110
Archer-Daniels-Midland Co.   56,287   2,373,623
Brown-Forman Corp., Class B   2,540   120,498
Campbell Soup Co.   5,440   297,568
Coca-Cola Co. (The)   37,858   1,602,151
ConAgra Foods, Inc.   10,213   481,134
Constellation Brands, Inc., Class A   1,543   256,894
Dr Pepper Snapple Group, Inc.   2,672   243,980
General Mills, Inc.   9,655   616,761
Hershey Co. (The)   2,867   274,085
Hormel Foods Corp.   9,680   367,162
JM Smucker Co. (The)   2,167   293,715
Kellogg Co.   6,517   504,872
Kraft Heinz Co. (The)   11,187   1,001,348
McCormick & Co., Inc.   1,713   171,163
Mead Johnson Nutrition Co.   1,885   148,934
Molson Coors Brewing Co., Class B   1,283   140,873
Mondelez International, Inc., Class A   23,703   1,040,562
Monster Beverage Corp.2   753   110,548
PepsiCo, Inc.   22,371   2,433,294
Philip Morris International, Inc.   9,931   965,492
Reynolds American, Inc.   9,917   467,587
Tyson Foods, Inc., Class A   20,359   1,520,207
Total Food, Beverage & Tobacco     16,156,561
Health Care Equipment & Services—11.9%  
Abbott Laboratories   18,513   782,915
Aetna, Inc.   20,200   2,332,090
AmerisourceBergen Corp.1   64,747   5,230,263
Anthem, Inc.   24,239   3,037,389
         
    Shares   Value
Baxter International, Inc.   8,113   $   386,179
Becton Dickinson and Co.   2,657   477,543
Boston Scientific Corp.2   12,649   301,046
C.R. Bard, Inc.   587   131,652
Cardinal Health, Inc.   59,157   4,596,499
Centene Corp.2   15,740   1,053,950
Cerner Corp.2   2,771   171,109
Cigna Corp.   11,151   1,453,198
Cooper Cos., Inc. (The)   545   97,697
Danaher Corp.   10,864   851,629
DaVita HealthCare Partners, Inc.2   8,454   558,556
DENTSPLY SIRONA, Inc.   1,964   116,720
Edwards Lifesciences Corp.2   875   105,490
Express Scripts Holding Co.2   54,532   3,846,142
HCA Holdings, Inc.2   20,494   1,549,961
Henry Schein, Inc.2   2,579   420,325
Hologic, Inc.2   2,813   109,229
Humana, Inc.   11,912   2,107,114
Intuitive Surgical, Inc.2   139   100,751
Laboratory Corp. of America Holdings2   2,540   349,199
McKesson Corp.   43,435   7,242,786
Medtronic PLC   12,689   1,096,330
Patterson Cos., Inc.   4,414   202,779
Quest Diagnostics, Inc.   3,475   294,089
St. Jude Medical, Inc.   2,693   214,794
Stryker Corp.   3,460   402,779
UnitedHealth Group, Inc.   48,325   6,765,500
Universal Health Services, Inc., Class B   2,912   358,817
Varian Medical Systems, Inc.2   1,228   122,223
Zimmer Biomet Holdings, Inc.   2,255   293,195
Total Health Care Equipment & Services     47,159,938
Household & Personal Products—1.2%  
Church & Dwight Co., Inc.   2,841   136,141
Clorox Co. (The)   1,788   223,822
Colgate-Palmolive Co.   8,153   604,463
Coty, Inc., Class A, WI2   3,465   81,428
Estee Lauder Cos., Inc., (The), Class A   4,861   430,490
Kimberly-Clark Corp.   5,714   720,764
Procter & Gamble Co. (The)   28,100   2,521,975
Total Household & Personal Products     4,719,083
Insurance—4.3%  
Aflac, Inc.   11,291   811,484
Allstate Corp. (The)   20,185   1,396,398
American International Group, Inc.   34,715   2,059,988
Aon PLC   3,985   448,273

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

Schedule of Investments - continued

OPPENHEIMER LARGE CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Arthur J. Gallagher & Co.   4,175   $   212,382
Assurant, Inc.   3,888   358,668
Chubb Ltd.   7,457   936,972
Cincinnati Financial Corp.   2,669   201,296
Hartford Financial Services Group, Inc. (The)   16,555   708,885
Lincoln National Corp.   11,065   519,834
Loews Corp.   12,259   504,458
Marsh & McLennan Cos., Inc.   7,508   504,913
MetLife, Inc.   58,790   2,612,040
Principal Financial Group, Inc.1   9,558   492,333
Progressive Corp. (The)   26,778   843,507
Prudential Financial, Inc.   27,688   2,260,725
Torchmark Corp.   2,327   148,672
Travelers Cos., Inc. (The)   8,937   1,023,733
Unum Group   11,831   417,753
Willis Towers Watson PLC   1,801   239,119
XL Group Ltd.   11,685   392,966
Total Insurance     17,094,399
Materials—3.2%  
Air Products & Chemicals, Inc.   2,464   370,438
Albemarle Corp.   1,575   134,647
Alcoa, Inc.   83,256   844,216
Avery Dennison Corp.   2,963   230,492
Ball Corp.   3,740   306,493
CF Industries Holdings, Inc.1   6,352   154,671
Dow Chemical Co. (The)   33,095   1,715,314
E.I. du Pont de Nemours & Co.   13,781   922,914
Eastman Chemical Co.   5,447   368,653
Ecolab, Inc.   4,264   519,014
FMC Corp.   2,625   126,892
Freeport-McMoRan, Inc.1   49,539   537,993
International Flavors & Fragrances, Inc.   866   123,812
International Paper Co.   16,719   802,178
LyondellBasell Industries NV, Class A   14,266   1,150,695
Martin Marietta Materials, Inc.1   743   133,079
Monsanto Co.   4,873   498,021
Mosaic Co. (The)1   11,163   273,047
Newmont Mining Corp.   7,665   301,158
Nucor Corp.   12,134   600,026
Owens-Illinois, Inc.2   14,008   257,607
PPG Industries, Inc.   5,771   596,490
Praxair, Inc.   3,391   409,734
Sealed Air Corp.   5,632   258,058
Sherwin-Williams Co. (The)   1,583   437,953
Vulcan Materials Co.   1,260   143,300
         
    Shares   Value
WestRock Co.   10,837   $   525,378
Total Materials     12,742,273
Media—2.6%  
CBS Corp., Class B   10,424   570,610
Charter Communications, Inc., Class A2   1,932   521,582
Comcast Corp., Class A   43,624   2,894,016
Discovery Communications, Inc., Class A2   4,973   133,873
Discovery Communications, Inc., Class C2   5,132   135,023
Interpublic Group of Cos., Inc. (The)   12,835   286,862
News Corp., Class A   11,468   160,323
News Corp., Class B1   11,165   158,766
Omnicom Group, Inc.   6,847   581,995
Scripps Networks Interactive, Inc., Class A1   2,089   132,631
TEGNA, Inc.   5,298   115,814
Time Warner, Inc.   13,946   1,110,241
Twenty-First Century Fox, Inc., Class A   21,770   527,269
Twenty-First Century Fox, Inc., Class B   21,259   525,948
Viacom, Inc., Class B   13,119   499,834
Walt Disney Co. (The)   22,518   2,091,022
Total Media     10,445,809
Pharmaceuticals, Biotechnology & Life Sciences—3.6%  
AbbVie, Inc.   14,837   935,770
Agilent Technologies, Inc.   3,387   159,494
Alexion Pharmaceuticals, Inc.2   802   98,277
Allergan PLC2   2,411   555,277
Amgen, Inc.   4,908   818,703
Biogen, Inc.2   1,387   434,173
Bristol-Myers Squibb Co.   12,061   650,329
Celgene Corp.2   3,534   369,409
Eli Lilly & Co.   9,974   800,513
Endo International PLC2   6,755   136,113
Gilead Sciences, Inc.   15,636   1,237,120
Illumina, Inc.2   500   90,830
Johnson & Johnson   22,292   2,633,354
Mallinckrodt PLC2   1,696   118,347
Merck & Co., Inc.   23,783   1,484,297
Mettler-Toledo International, Inc.2   226   94,881
Mylan NV2   9,089   346,473
PerkinElmer, Inc.   1,615   90,618
Perrigo Co. PLC   2,264   209,035
Pfizer, Inc.   59,125   2,002,564
Regeneron Pharmaceuticals, Inc.2   430   172,869
Thermo Fisher Scientific, Inc.   4,510   717,361
Vertex Pharmaceuticals, Inc.2   631   55,029
Waters Corp.2   535   84,792

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

Schedule of Investments - continued

OPPENHEIMER LARGE CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Zoetis, Inc.   3,713   $   193,113
Total Pharmaceuticals, Biotechnology & Life Sciences     14,488,741
Real Estate—0.8%  
American Tower Corp.   1,807   204,787
Apartment Investment & Management Co., Class A   803   36,866
AvalonBay Communities, Inc.   433   77,005
Boston Properties, Inc.   699   95,267
CBRE Group, Inc., Class A2   16,593   464,272
Crown Castle International Corp.   1,558   146,779
Digital Realty Trust, Inc.   800   77,696
Equinix, Inc.   334   120,323
Equity Residential   1,520   97,782
Essex Property Trust, Inc.   209   46,544
Extra Space Storage, Inc.1   433   34,384
Federal Realty Investment Trust   177   27,246
General Growth Properties, Inc.   3,337   92,101
HCP, Inc.   2,633   99,922
Host Hotels & Resorts, Inc.1   12,955   201,709
Iron Mountain, Inc.1   3,271   122,761
Kimco Realty Corp.   1,501   43,454
Macerich Co. (The)   536   43,346
Prologis, Inc.   1,895   101,458
Public Storage   435   97,066
Realty Income Corp.   605   40,493
Simon Property Group, Inc.   956   197,902
SL Green Realty Corp.   638   68,968
UDR, Inc.   994   35,774
Ventas, Inc.   1,840   129,959
Vornado Realty Trust   951   96,251
Welltower, Inc.   2,062   154,176
Weyerhaeuser Co.   8,239   263,154
Total Real Estate     3,217,445
Retailing—7.1%  
Advance Auto Parts, Inc.   2,482   370,116
Amazon.com, Inc.2   5,882   4,925,058
AutoNation, Inc.2   16,662   811,606
AutoZone, Inc.2   554   425,660
Bed Bath & Beyond, Inc.   10,585   456,319
Best Buy Co., Inc.1   40,096   1,530,865
CarMax, Inc.1,2   10,319   550,519
Dollar General Corp.   10,833   758,202
Dollar Tree, Inc.2   8,497   670,668
Expedia, Inc.   2,719   317,362
Foot Locker, Inc.   4,324   292,821
         
    Shares   Value
Gap, Inc. (The)   24,789   $   551,307
Genuine Parts Co.   5,918   594,463
Home Depot, Inc. (The)   26,912   3,463,036
Kohl's Corp.1   16,709   731,019
L Brands, Inc.   6,477   458,377
LKQ Corp.2   8,600   304,956
Lowe's Cos., Inc.   31,899   2,303,427
Macy's, Inc.   27,966   1,036,140
Netflix, Inc.1,2   2,860   281,853
Nordstrom, Inc.   10,585   549,150
O'Reilly Automotive, Inc.2   1,178   329,970
Priceline Group, Inc. (The)2   253   372,287
Ross Stores, Inc.   7,461   479,742
Signet Jewelers Ltd.1   3,421   254,967
Staples, Inc.   90,590   774,545
Target Corp.   40,223   2,762,516
Tiffany & Co.1   2,151   156,227
TJX Cos., Inc. (The)   15,971   1,194,311
Tractor Supply Co.   3,621   243,874
TripAdvisor, Inc.2   900   56,862
Ulta Salon Cosmetics & Fragrance, Inc.2   666   158,495
Urban Outfitters, Inc.2   3,600   124,272
Total Retailing     28,290,992
Semiconductors & Semiconductor Equipment—1.6%  
Analog Devices, Inc.1   2,080   134,056
Applied Materials, Inc.   12,143   366,111
Broadcom Ltd.   2,015   347,628
First Solar, Inc.1,2   4,258   168,148
Intel Corp.   58,354   2,202,863
KLA-Tencor Corp.   1,612   112,372
Lam Research Corp.   2,398   227,115
Linear Technology Corp.   937   55,555
Microchip Technology, Inc.1   1,554   96,566
Micron Technology, Inc.2   27,270   484,861
NVIDIA Corp.1   3,134   214,742
Qorvo, Inc.1,2   1,828   101,893
QUALCOMM, Inc.   13,740   941,190
Skyworks Solutions, Inc.1   1,752   133,397
Texas Instruments, Inc.   7,111   499,050
Xilinx, Inc.   1,538   83,575
Total Semiconductors & Semiconductor Equipment     6,169,122
Software & Services—5.0%  
Accenture PLC, Class A   11,062   1,351,445
Activision Blizzard, Inc.   4,669   206,837
Adobe Systems, Inc.2   2,020   219,251

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

Schedule of Investments - continued

OPPENHEIMER LARGE CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Akamai Technologies, Inc.2   1,684   $   89,235
Alliance Data Systems Corp.2   1,183   253,789
Alphabet, Inc., Class A2   1,940   1,559,876
Alphabet, Inc., Class C2   2,041   1,586,449
Autodesk, Inc.2   1,330   96,199
Automatic Data Processing, Inc.   5,096   449,467
CA, Inc.   4,648   153,756
Citrix Systems, Inc.2   1,553   132,347
Cognizant Technology Solutions Corp., Class A2   9,082   433,302
CSRA, Inc.   6,233   167,668
eBay, Inc.2   10,441   343,509
Electronic Arts, Inc.2   2,076   177,290
Facebook, Inc., Class A2   6,520   836,320
Fidelity National Information Services, Inc.   4,001   308,197
Fiserv, Inc.2   2,051   204,013
Global Payments, Inc.   1,475   113,221
International Business Machines Corp.   19,719   3,132,363
Intuit, Inc.   1,581   173,926
MasterCard, Inc., Class A   3,894   396,292
Microsoft Corp.   56,711   3,266,554
Oracle Corp.   36,035   1,415,455
Paychex, Inc.   1,882   108,911
PayPal Holdings, Inc.2   9,717   398,106
Red Hat, Inc.2   1,110   89,721
salesforce.com, Inc.2   3,629   258,857
Symantec Corp.   5,415   135,917
Teradata Corp.2   3,158   97,898
Total System Services, Inc.   2,663   125,560
VeriSign, Inc.1,2   560   43,814
Visa, Inc., Class A   6,626   547,970
Western Union Co. (The)1   10,190   212,156
Xerox Corp.   69,007   699,041
Yahoo!, Inc.2   4,294   185,071
Total Software & Services     19,969,783
Technology Hardware & Equipment—4.6%  
Amphenol Corp., Class A   3,540   229,817
Apple, Inc.   75,406   8,524,648
Cisco Systems, Inc.   60,878   1,931,050
Corning, Inc.   15,048   355,885
F5 Networks, Inc.2   630   78,523
FLIR Systems, Inc.   2,014   63,280
Harris Corp.   2,978   272,815
Hewlett Packard Enterprise Co.   89,503   2,036,193
HP, Inc.   160,574   2,493,714
Juniper Networks, Inc.   8,003   192,552
         
    Shares   Value
Motorola Solutions, Inc.   2,944   $   224,569
NetApp, Inc.   6,115   219,039
Seagate Technology PLC1   11,866   457,434
TE Connectivity Ltd.   7,312   470,747
Western Digital Corp.   8,910   520,968
Total Technology Hardware & Equipment     18,071,234
Telecommunication Services—3.1%  
AT&T, Inc.   152,191   6,180,477
CenturyLink, Inc.   24,849   681,608
Frontier Communications Corp.1   58,459   243,189
Level 3 Communications, Inc.2   6,344   294,235
Verizon Communications, Inc.   94,228   4,897,971
Total Telecommunication Services     12,297,480
Transportation—3.3%  
Alaska Air Group, Inc.   3,274   215,626
American Airlines Group, Inc.1   42,265   1,547,322
C.H. Robinson Worldwide, Inc.   7,239   510,060
CSX Corp.   14,413   439,596
Delta Air Lines, Inc.   40,932   1,611,083
Expeditors International of Washington, Inc.   4,586   236,271
FedEx Corp.   11,950   2,087,426
JB Hunt Transport Services, Inc.   2,983   242,041
Kansas City Southern   965   90,054
Norfolk Southern Corp.   4,158   403,575
Ryder System, Inc.   3,788   249,819
Southwest Airlines Co.   20,910   813,190
Union Pacific Corp.   8,346   813,985
United Continental Holdings, Inc.2   27,018   1,417,634
United Parcel Service, Inc., Class B   21,008   2,297,435
Total Transportation     12,975,117
Utilities—2.9%  
AES Corp.   41,239   529,921
Alliant Energy Corp.   3,158   120,983
Ameren Corp.   4,440   218,359
American Electric Power Co., Inc.   9,483   608,904
American Water Works Co., Inc.   1,682   125,881
CenterPoint Energy, Inc.   11,375   264,241
CMS Energy Corp.   5,547   233,030
Consolidated Edison, Inc.   6,081   457,899
Dominion Resources, Inc.   5,631   418,214
DTE Energy Co.   4,018   376,366
Duke Energy Corp.   10,808   865,072
Edison International   5,887   425,336
Entergy Corp.   5,236   401,758
Eversource Energy   5,199   281,682

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

Schedule of Investments - concluded

OPPENHEIMER LARGE CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

         
    Shares   Value
Exelon Corp.   31,916   $ 1,062,484
FirstEnergy Corp.   16,594   548,930
NextEra Energy, Inc.   5,108   624,811
NiSource, Inc.   6,660   160,573
NRG Energy, Inc.   41,752   468,040
PG&E Corp.   10,282   628,950
Pinnacle West Capital Corp.   1,741   132,299
PPL Corp.   8,039   277,908
Public Service Enterprise Group, Inc.   8,515   356,523
SCANA Corp.   2,163   156,536
Sempra Energy   3,523   377,630
Southern Co. (The)   12,721   652,587
WEC Energy Group, Inc.   4,572   273,771
Xcel Energy, Inc.   9,879   406,422
Total Utilities     11,455,110
Total Common Stocks      
(Cost $340,987,396)     395,600,730
         
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—2.0%        
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.42% 3
(Cost $7,920,361)		   7,920,361   7,920,361
Total Investments—101.7%
(Cost $348,907,757)		       403,521,091
Liabilities in Excess of Other Assets—(1.7)%        (6,830,042)
Net Assets—100.0%       $   396,691,049
 
     
PLC - Public Limited Company
 
1 All or a portion of the security was on loan. The aggregate value of the securities on loan was $13,749,142; total value of the collateral held by the fund was $13,945,754.  The total  value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $6,025,393.
2 Non-income producing security.
3 Rate shown represents annualized 7-day yield as of September 30, 2016.

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

 

Schedule of Investments

OPPENHEIMER MID CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

 

    Shares   Value
COMMON STOCKS—99.8%        
Automobiles & Components—0.9%  
Dana, Inc.   56,947   $ 887,804
Gentex Corp.   14,186   249,106
Thor Industries, Inc.1   8,485   718,679
Total Automobiles & Components     1,855,589
Banks—1.8%  
Associated Banc-Corp.   7,503   146,984
BancorpSouth, Inc.   4,552   105,606
Bank of Hawaii Corp.1   1,289   93,607
Bank of the Ozarks, Inc.1   2,000   76,800
Cathay General Bancorp   2,280   70,178
Chemical Financial Corp.   1,363   60,149
Commerce Bancshares, Inc.1   3,367   165,859
Cullen/Frost Bankers, Inc.1   2,222   159,851
East West Bancorp, Inc.   4,694   172,317
F.N.B. Corp.1   8,467   104,144
First Horizon National Corp.1   12,179   185,486
Fulton Financial Corp.   7,279   105,691
Hancock Holding Co.   3,598   116,683
International Bancshares Corp.   2,454   73,080
MB Financial, Inc.   3,174   120,739
New York Community Bancorp, Inc.1   7,085   100,820
PacWest Bancorp   3,352   143,834
PrivateBancorp, Inc.   2,241   102,907
Prosperity Bancshares, Inc.   2,063   113,238
Signature Bank2   1,368   162,040
SVB Financial Group2   1,935   213,895
Synovus Financial Corp.   5,114   166,358
TCF Financial Corp.   13,092   189,965
Trustmark Corp.1   3,040   83,782
Umpqua Holdings Corp.   10,916   164,286
Valley National Bancorp   10,280   100,024
Washington Federal, Inc.   2,739   73,077
Webster Financial Corp.1   3,592   136,532
Total Banks     3,507,932
Capital Goods—11.8%  
A.O. Smith Corp.   4,236   418,475
AECOM1,2   95,744   2,846,469
AGCO Corp.1   23,394   1,153,792
B/E Aerospace, Inc.   8,667   447,737
Carlisle Cos., Inc.   5,616   576,033
CLARCOR, Inc.1   3,452   224,380
Crane Co.   6,837   430,799
         
    Shares   Value
Curtiss-Wright Corp.   3,791   $   345,398
Donaldson Co., Inc.1   9,237   344,817
Dycom Industries, Inc.1,2   4,635   379,050
EMCOR Group, Inc.   19,257   1,148,102
EnerSys   5,220   361,172
Esterline Technologies Corp.2   3,577   271,995
GATX Corp.1   5,335   237,674
Graco, Inc.   2,680   198,320
Granite Construction, Inc.   7,805   388,221
Hubbell, Inc.   5,090   548,397
Huntington Ingalls Industries, Inc.   6,927   1,062,740
IDEX Corp.   3,467   324,407
ITT, Inc.   10,838   388,434
Joy Global, Inc.   15,602   432,800
KBR, Inc.   46,454   702,849
Kennametal, Inc.   11,671   338,692
KLX, Inc.1,2   6,834   240,557
Lennox International, Inc.   3,468   544,580
Lincoln Electric Holdings, Inc.   5,817   364,261
MSC Industrial Direct Co., Inc., Class A1   6,101   447,874
Nordson Corp.1   2,689   267,905
NOW, Inc.2   18,921   405,477
Orbital ATK, Inc.   9,355   713,132
Oshkosh Corp.   16,588   928,928
Regal Beloit Corp.   8,965   533,328
Teledyne Technologies, Inc.2   3,239   349,585
Terex Corp.   34,429   874,841
Timken Co. (The)   12,894   453,095
Toro Co. (The)   7,796   365,165
Trinity Industries, Inc.   34,577   836,072
Triumph Group, Inc.   20,185   562,758
Valmont Industries, Inc.   3,014   405,594
Wabtec Corp.1   6,314   515,538
Watsco, Inc.   4,429   624,046
Woodward, Inc.   5,000   312,400
Total Capital Goods     23,315,889
Commercial & Professional Services—2.7%  
CEB, Inc.   2,642   143,910
Clean Harbors, Inc.2   9,586   459,936
Copart, Inc.1,2   3,701   198,226
Deluxe Corp.   4,132   276,100
FTI Consulting, Inc.2   6,699   298,508
Herman Miller, Inc.   9,844   281,538
HNI Corp.   6,606   262,919
Manpowergroup, Inc.   43,186   3,120,620

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

Schedule of Investments - continued

OPPENHEIMER MID CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
MSA Safety, Inc.   3,187   $ 184,974
Rollins, Inc.   7,930   232,190
Total Commercial & Professional Services     5,458,921
Consumer Durables & Apparel—4.0%  
Brunswick Corp.   13,848   675,505
CalAtlantic Group, Inc.1   22,890   765,442
Carter’s, Inc.   4,737   410,745
Deckers Outdoor Corp.1,2   4,592   273,454
Fossil Group, Inc.1,2   17,747   492,834
Helen of Troy Ltd.2   2,756   237,485
Kate Spade & Co.2   10,457   179,128
KB Home1   33,785   544,614
NVR, Inc.2   507   831,414
Polaris Industries, Inc.1   10,084   780,905
Skechers U.S.A., Inc., Class A2   22,579   517,059
Tempur Sealy International, Inc.1,2   6,328   359,051
Toll Brothers, Inc.2   23,061   688,602
TRI Pointe Group, Inc.1,2   30,863   406,774
Tupperware Brands Corp.1   5,310   347,115
Vista Outdoor, Inc.2   8,943   356,468
Total Consumer Durables & Apparel     7,866,595
Consumer Services—2.4%  
Brinker International, Inc.1   9,910   499,761
Buffalo Wild Wings, Inc.1,2   1,913   269,236
Cheesecake Factory, Inc. (The)1   6,637   332,248
Churchill Downs, Inc.1   1,258   184,108
Cracker Barrel Old Country Store, Inc.   3,180   420,460
DeVry Education Group, Inc.1   12,383   285,552
Domino’s Pizza, Inc.   2,100   318,885
Dunkin' Brands Group, Inc.1   2,611   135,981
Graham Holdings Co., Class B   762   366,804
International Speedway Corp., Class A   2,949   98,556
Jack in the Box, Inc.   2,407   230,928
Panera Bread Co., Class A1,2   2,085   405,991
Service Corp. International   17,324   459,779
Sotheby’s1   3,528   134,134
Texas Roadhouse, Inc., Class A   6,719   262,242
Wendy’s Co. (The)   25,060   270,648
Total Consumer Services     4,675,313
Diversified Financials—1.4%  
CBOE Holdings, Inc.   1,457   94,486
Eaton Vance Corp.1   5,343   208,644
FactSet Research Systems, Inc.1   951   154,157
Federated Investors, Inc., Class B   4,910   145,483
Janus Capital Group, Inc.   11,279   158,019
    Shares   Value
MarketAxess Holdings, Inc.   289   $   47,855
MSCI, Inc.   1,989   166,957
Raymond James Financial, Inc.   14,013   815,697
SEI Investments Co.   4,544   207,252
SLM Corp.2   15,406   115,083
Stifel Financial Corp.2   9,719   373,696
Waddell & Reed Financial, Inc., Class A   11,413   207,260
WisdomTree Investments, Inc.1   3,752   38,608
Total Diversified Financials     2,733,197
Energy—5.9%  
CONSOL Energy, Inc.1   16,787   322,310
Denbury Resources, Inc.1,2   52,049   168,118
Diamond Offshore Drilling, Inc.   10,428   183,637
Dril-Quip, Inc.1,2   2,081   115,995
Energen Corp.   1,793   103,492
Ensco PLC, Class A   74,553   633,701
Gulfport Energy Corp.2   2,960   83,620
HollyFrontier Corp.1   67,315   1,649,217
Nabors Industries Ltd.   40,216   489,027
Noble Corp. PLC1   84,770   537,442
Oceaneering International, Inc.   16,053   441,618
Oil States International, Inc.1,2   4,340   137,014
Patterson-UTI Energy, Inc.1   9,589   214,506
QEP Resources, Inc.   13,015   254,183
Rowan Cos. PLC, Class A   24,529   371,860
SM Energy Co.1   4,875   188,077
Superior Energy Services, Inc.1   18,355   328,555
Western Refining, Inc.1   46,864   1,240,021
World Fuel Services Corp.   89,555   4,142,814
WPX Energy, Inc.1,2   13,360   176,218
Total Energy     11,781,425
Food & Staples Retailing—1.4%  
Casey's General Stores, Inc.   8,158   980,184
Sprouts Farmers Market, Inc.1,2   28,201   582,351
United Natural Foods, Inc.2   32,463   1,299,818
Total Food & Staples Retailing     2,862,353
Food, Beverage & Tobacco—2.9%  
Boston Beer Co., Inc. (The), Class A1,2   869   134,921
Dean Foods Co.1   73,059   1,198,168
Flowers Foods, Inc.1   38,793   586,550
Hain Celestial Group, Inc. (The)2   12,553   446,636
Ingredion, Inc.   6,653   885,248
Lancaster Colony Corp.   1,390   183,605
Post Holdings, Inc.1,2   9,560   737,745
Snyder's-Lance, Inc.1   7,740   259,909

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

Schedule of Investments - continued

OPPENHEIMER MID CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Tootsie Roll Industries, Inc.   2,188   $ 80,584
TreeHouse Foods, Inc.1,2   7,867   685,924
WhiteWave Foods Co. (The)2   11,471   624,366
Total Food, Beverage & Tobacco     5,823,656
Health Care Equipment & Services—8.4%  
ABIOMED, Inc.2   432   55,547
Align Technology, Inc.1,2   1,542   144,562
Allscripts Healthcare Solutions, Inc.2   16,885   222,375
Amsurg Corp.1,2   6,453   432,674
Community Health Systems, Inc.1,2   233,604   2,695,790
Halyard Health, Inc.2   6,825   236,554
Hill-Rom Holdings, Inc.   6,405   396,982
IDEXX Laboratories, Inc.2   2,313   260,744
LifePoint Hospitals, Inc.1,2   15,453   915,281
LivaNova PLC1,2   1,932   116,133
MEDNAX, Inc.1,2   7,037   466,201
Molina Healthcare, Inc.1,2   42,302   2,467,053
NuVasive, Inc.1,2   2,275   151,651
Owens & Minor, Inc.   44,946   1,560,975
ResMed, Inc.1   4,341   281,253
STERIS PLC   5,142   375,880
Teleflex, Inc.1   1,593   267,704
Tenet Healthcare Corp.1,2   126,869   2,874,852
VCA, Inc.2   5,054   353,679
WellCare Health Plans, Inc.2   19,284   2,257,964
West Pharmaceutical Services, Inc.   2,680   199,660
Total Health Care Equipment & Services     16,733,514
Household & Personal Products—0.8%  
Avon Products, Inc.   166,638   943,171
Edgewell Personal Care Co.1,2   4,699   373,665
Energizer Holdings, Inc.1   5,367   268,135
Total Household & Personal Products     1,584,971
Insurance—6.1%  
Alleghany Corp.2   1,667   875,208
American Financial Group, Inc.   12,752   956,400
Aspen Insurance Holdings Ltd.   9,892   460,868
Brown & Brown, Inc.   7,055   266,044
CNO Financial Group, Inc.   38,340   585,452
Endurance Specialty Holdings Ltd.   5,548   363,117
Everest Re Group Ltd.   4,566   867,403
First American Financial Corp.   19,851   779,747
Genworth Financial, Inc., Class A1,2   245,391   1,217,139
Hanover Insurance Group, Inc. (The)   9,974   752,239
Kemper Corp.1   10,430   410,108
Mercury General Corp.   9,130   500,781
         
    Shares   Value
Old Republic International Corp.1   49,216   $   867,186
Primerica, Inc.1   4,037   214,082
Reinsurance Group of America, Inc.   15,469   1,669,724
RenaissanceRe Holdings Ltd.   2,151   258,464
W.R. Berkley Corp.   19,843   1,146,132
Total Insurance     12,190,094
Materials—8.4%  
Allegheny Technologies, Inc.1   28,979   523,651
AptarGroup, Inc.1   4,576   354,228
Ashland Global Holdings, Inc.1   6,244   723,992
Bemis Co., Inc.   11,948   609,467
Cabot Corp.   7,416   388,673
Carpenter Technology Corp.   7,440   306,974
Commercial Metals Co.1   47,610   770,806
Compass Minerals International, Inc.1   2,206   162,582
Domtar Corp.   22,356   830,078
Eagle Materials, Inc.   2,363   182,660
Greif, Inc., Class A   10,837   537,407
Louisiana-Pacific Corp.2   15,859   298,625
Minerals Technologies, Inc.   3,827   270,531
NewMarket Corp.   749   321,561
Olin Corp.1   36,000   738,720
Packaging Corp. of America   10,768   875,008
PolyOne Corp.   15,786   533,725
Reliance Steel & Aluminum Co.   18,841   1,357,117
Royal Gold, Inc.   691   53,504
RPM International, Inc.   14,154   760,353
Scotts Miracle-Gro Co., (The), Class A   4,597   382,792
Sensient Technologies Corp.   2,833   214,741
Silgan Holdings, Inc.   11,429   578,193
Sonoco Products Co.   14,705   776,865
Steel Dynamics, Inc.   46,207   1,154,713
United States Steel Corp.1   93,562   1,764,579
Valspar Corp. (The)   6,190   656,573
Worthington Industries, Inc.1   10,303   494,853
Total Materials     16,622,971
Media—1.7%  
AMC Networks, Inc., Class A2   8,153   422,815
Cable One, Inc.1   243   141,912
Cinemark Holdings, Inc.   11,323   433,444
John Wiley & Sons, Inc., Class A   5,332   275,185
Live Nation Entertainment, Inc.2   45,065   1,238,386
Meredith Corp.   4,904   254,959
New York Times Co., (The), Class A   19,180   229,201
Time, Inc.   31,729   459,436
Total Media     $   3,455,338
         

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

Schedule of Investments - continued

OPPENHEIMER MID CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Pharmaceuticals, Biotechnology & Life Sciences—0.9%  
Akorn, Inc.1,2   5,703   $ 155,464
Bio-Rad Laboratories, Inc., Class A2   1,919   314,351
Bio-Techne Corp.   699   76,541
Catalent, Inc.1,2   10,946   282,845
Charles River Laboratories International, Inc.2   2,812   234,352
PARAXEL International Corp.2   4,732   328,637
Prestige Brands Holdings, Inc.2   2,664   128,591
United Therapeutics Corp.2   1,925   227,304
Total Pharmaceuticals, Biotechnology & Life Sciences     1,748,085
Real Estate—2.6%  
Alexander & Baldwin, Inc.   1,901   73,036
Alexandria Real Estate Equities, Inc.   1,236   134,440
American Campus Communities, Inc.1   2,388   121,478
Camden Property Trust   1,597   133,733
Care Capital Properties, Inc.   1,773   50,531
Communications Sales & Leasing, Inc.   4,545   142,759
Corporate Office Properties Trust   3,203   90,805
Corrections Corp. of America   16,979   235,499
DCT Industrial Trust, Inc.   1,182   57,386
Douglas Emmett, Inc.   2,824   103,443
Duke Realty Corp.   5,065   138,426
Education Realty Trust, Inc.   951   41,026
EPR Properties   884   69,606
Equity One, Inc.   1,871   57,271
First Industrial Realty Trust, Inc.   2,028   57,230
Healthcare Realty Trust, Inc.   1,788   60,899
Highwoods Properties, Inc.   1,927   100,435
Hospitality Properties Trust   10,598   314,973
Jones Lang LaSalle, Inc.   8,488   965,850
Kilroy Realty Corp.   1,303   90,363
Lamar Advertising Co., Class A1   3,599   235,051
LaSalle Hotel Properties   7,597   181,340
Liberty Property Trust   2,975   120,041
Life Storage, Inc.1   628   55,854
Mack-Cali Realty Corp.   3,291   89,581
Medical Properties Trust, Inc.   5,331   78,739
Mid-America Apartment Communities, Inc.   1,729   162,509
National Retail Properties, Inc.1   1,524   77,495
Omega Healthcare Investors, Inc.1   3,647   129,286
Post Properties, Inc.   920   60,840
Potlatch Corp.   2,354   91,547
Rayonier, Inc.   3,936   104,461
Regency Centers Corp.   1,211   93,840
         
    Shares   Value
Senior Housing Properties Trust   7,248   $ 164,602
Tanger Factory Outlet Centers, Inc.   1,804   70,284
Taubman Centers, Inc.   1,192   88,697
Urban Edge Properties   1,776   49,977
Washington Prime Group, Inc.   10,652   131,872
Weingarten Realty Investors   2,148   83,729
Total Real Estate     5,108,934
Retailing—8.6%  
Aaron’s, Inc.1   19,747   501,969
Abercrombie & Fitch Co., Class A1   30,576   485,853
American Eagle Outfitters, Inc.   29,252   522,441
Ascena Retail Group, Inc.1,2   122,354   683,959
Big Lots, Inc.1   16,586   791,981
Cabela’s, Inc.1,2   12,958   711,783
Chico’s FAS, Inc.   31,481   374,624
CST Brands, Inc.   28,590   1,374,893
Dick’s Sporting Goods, Inc.   18,295   1,037,692
GameStop Corp., Class A1   52,594   1,451,068
Guess?, Inc.1   22,191   324,211
HSN, Inc.1   13,802   549,320
JC Penney Co., Inc.1,2   186,937   1,723,559
Murphy USA, Inc.2   20,467   1,460,525
Office Depot, Inc.   557,874   1,991,610
Pool Corp.   4,023   380,254
Restoration Hardware Holdings, Inc.1,2   9,319   322,251
Sally Beauty Holdings, Inc.2   59,725   1,533,738
Williams-Sonoma, Inc.1   15,385   785,866
Total Retailing     17,007,597
Semiconductors & Semiconductor Equipment—1.3%  
Advanced Micro Devices, Inc.2   95,928   662,863
Cirrus Logic, Inc.2   3,642   193,572
Cree, Inc.1,2   10,383   267,051
Cypress Semiconductor Corp.   22,858   277,953
Integrated Device Technology, Inc.2   5,141   118,757
Intersil Corp., Class A   4,008   87,895
Microsemi Corp.2   5,270   221,235
Monolithic Power Systems, Inc.   725   58,363
Silicon Laboratories, Inc.2   1,761   103,547
Synaptics, Inc.1,2   4,437   259,919
Teradyne, Inc.   11,562   249,508
Total Semiconductors & Semiconductor Equipment     2,500,663
Software & Services—4.3%  
ACI Worldwide, Inc.2   8,077   156,532
Acxiom Corp.2   5,038   134,263
ANSYS, Inc.2   1,596   147,806

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

Schedule of Investments - continued

OPPENHEIMER MID CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Broadridge Financial Solutions, Inc.   6,378   $ 432,365
Cadence Design Systems, Inc.2   10,753   274,524
CDK Global, Inc.   5,680   325,805
CommVault Systems, Inc.2   1,769   93,987
Computer Sciences Corp.1   22,345   1,166,632
comScore, Inc.2   1,786   54,759
Convergys Corp.1   15,189   462,049
CoreLogic, Inc.2   6,727   263,833
DST Systems, Inc.   2,806   330,884
Fair Isaac Corp.   1,014   126,334
Fortinet, Inc.2   4,942   182,508
Gartner, Inc.2   3,941   348,581
j2 Global, Inc.   1,758   117,100
Jack Henry & Associates, Inc.   2,403   205,577
Leidos Holdings, Inc., Class W   18,671   808,081
Manhattan Associates, Inc.2   1,511   87,064
MAXIMUS, Inc.   6,334   358,251
Mentor Graphics Corp.1   7,438   196,661
NeuStar, Inc., Class A1,2   6,572   174,749
PTC, Inc.2   4,197   185,969
Rackspace Hosting, Inc.2   10,134   321,146
Science Applications International Corp.   10,326   716,315
Synopsys, Inc.2   6,026   357,643
Tyler Technologies, Inc.1,2   597   102,224
Ultimate Software Group, Inc. (The)2   519   106,078
WebMD Health Corp.1,2   2,003   99,549
WEX, Inc.1,2   1,296   140,085
Total Software & Services     8,477,354
Technology Hardware & Equipment—16.0%  
3D Systems Corp.1,2   6,131   110,052
ARRIS International PLC2   31,195   883,754
Arrow Electronics, Inc.1,2   60,337   3,859,758
Avnet, Inc.   102,545   4,210,498
Belden, Inc.1   5,559   383,515
Brocade Communications Systems, Inc.   37,125   342,664
Ciena Corp.2   17,707   386,013
Cognex Corp.   1,325   70,040
Diebold, Inc.1   14,466   358,612
Ingram Micro, Inc., Class A   184,699   6,586,366
InterDigital, Inc.   828   65,578
IPG Photonics Corp.1,2   1,712   140,983
Jabil Circuit, Inc.   127,133   2,774,042
Keysight Technologies, Inc.2   14,802   469,075
Knowles Corp.1,2   10,517   147,764
Lexmark International, Inc., Class A   14,875   594,405
         
    Shares   Value
National Instruments Corp.   6,896   $   195,846
NCR Corp.2   30,264   974,198
NetScout Systems, Inc.2   5,967   174,535
Plantronics, Inc.   2,682   139,357
SYNNEX Corp.1   19,992   2,281,287
Tech Data Corp.1,2   55,993   4,743,167
Trimble Navigation Ltd.2   13,279   379,248
VeriFone Systems, Inc.2   19,157   301,531
ViaSat, Inc.1,2   3,022   225,592
Vishay Intertechnology, Inc.1   24,904   350,897
Zebra Technologies Corp., Class A1,2   8,311   578,529
Total Technology Hardware & Equipment     31,727,306
Telecommunication Services—0.4%  
Telephone & Data Systems, Inc.   28,385   771,504
Transportation—1.6%  
Avis Budget Group, Inc.2   4,985   170,537
Genesee & Wyoming, Inc., Class A2   4,647   320,411
JetBlue Airways Corp.2   60,191   1,037,693
Kirby Corp.1,2   5,081   315,835
Landstar System, Inc.   7,185   489,155
Old Dominion Freight Line, Inc.1,2   6,553   449,601
Werner Enterprises, Inc.   13,130   305,535
Total Transportation     3,088,767
Utilities—3.5%  
Aqua America, Inc.   4,102   125,029
Atmos Energy Corp.   6,852   510,268
Black Hills Corp.1   3,497   214,086
Great Plains Energy, Inc.   14,609   398,680
Hawaiian Electric Industries, Inc.   12,526   373,901
IDACORP, Inc.   2,439   190,925
MDU Resources Group, Inc.   27,210   692,222
National Fuel Gas Co.   3,953   213,739
New Jersey Resources Corp.   8,354   274,512
NorthWestern Corp.1   4,627   266,191
OGE Energy Corp.   10,253   324,200
ONE Gas, Inc.   3,364   208,030
PNM Resources, Inc.   6,485   212,189
Southwest Gas Corp.   5,438   379,899
Talen Energy Corp.1,2   48,017   665,036
UGI Corp.   19,047   861,686
Vectren Corp.   7,059   354,362
Westar Energy, Inc.   6,777   384,595
WGL Holdings, Inc.   5,744   360,149
Total Utilities     7,009,699

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

Schedule of Investments - concluded

OPPENHEIMER MID CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Total Common Stocks      
(Cost $184,453,570)     $   197,907,667
         
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—14.3%        
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.42% 3
(Cost $28,429,314)		   28,429,314   28,429,314
Total Investments—114.1%
(Cost $212,882,884)		       226,336,981
Liabilities in Excess of Other Assets—(14.1)%        (27,949,904)
Net Assets—100.0%       $ 198,387,077
 
     
PLC - Public Limited Company
1 All or a portion of the security was on loan. The aggregate value of the securities on loan was $54,312,533; total value of the collateral held by the fund was $54,901,677.  The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $26,472,363.
2 Non-income producing security.
3 Rate shown represents annualized 7-day yield as of September 30, 2016.

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

 

Schedule of Investments

OPPENHEIMER SMALL CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
COMMON STOCKS—99.8%        
Automobiles & Components—2.2%  
American Axle & Manufacturing Holdings, Inc.1,2   111,943   $ 1,927,659
Cooper-Standard Holding, Inc.2   15,965   1,577,342
Dorman Products, Inc.1,2   6,277   401,100
Drew Industries, Inc.   7,712   755,930
Fox Factory Holding Corp.1,2   19,272   442,678
Gentherm, Inc.2   13,476   423,416
Motorcar Parts of America, Inc.1,2   6,178   177,803
Standard Motor Products, Inc.   10,367   495,128
Superior Industries International, Inc.   12,013   350,299
Winnebago Industries, Inc.1   20,209   476,326
Total Automobiles & Components     7,027,681
Banks—2.6%  
Ameris Bancorp   3,997   139,695
Astoria Financial Corp.   12,755   186,223
Banc of California, Inc.1   11,679   203,915
Bank Mutual Corp.   5,734   44,037
Banner Corp.   4,321   189,001
BofI Holding, Inc.1,2   6,865   153,776
Boston Private Financial Holdings, Inc.   13,242   169,895
Brookline Bancorp, Inc.   8,591   104,724
Cardinal Financial Corp.   3,299   86,071
Central Pacific Financial Corp.   3,887   97,914
City Holding Co.   1,717   86,348
Columbia Banking System, Inc.   5,799   189,743
Community Bank System, Inc.1   4,059   195,278
Customers Bancorp, Inc.1,2   4,571   115,006
CVB Financial Corp.   8,318   146,480
Dime Community Bancshares   5,806   97,309
First BanCorp2   45,503   236,616
First Commonwealth Financial Corp.   10,664   107,600
First Financial Bancorp1   6,940   151,570
First Financial Bankshares, Inc.1   3,942   143,646
First Midwest Bancorp, Inc.   11,192   216,677
Glacier Bancorp, Inc.   6,717   191,569
Great Western Bancorp, Inc.   5,521   183,960
Hanmi Financial Corp.   3,729   98,222
Home BancShares, Inc.   9,189   191,223
Hope Bancorp, Inc.   9,075   157,633
Independent Bank Corp.   2,687   145,340
LegacyTexas Financial Group, Inc.   4,126   130,505
LendingTree, Inc.1,2   1,605   155,541
NBT Bancorp, Inc.1   5,374   176,643
Northfield Bancorp, Inc.1   2,979   47,962
         
    Shares   Value
Northwest Bancshares, Inc.1   11,036   $   173,376
OFG Bancorp   12,766   129,064
Old National Bancorp   21,789   306,353
Opus Bank1   3,211   113,573
Oritani Financial Corp.   4,421   69,498
Pinnacle Financial Partners, Inc.1   3,193   172,677
Provident Financial Services, Inc.   6,805   144,470
S&T Bancorp, Inc.1   3,850   111,611
ServisFirst Bancshares, Inc.   1,603   83,212
Simmons First National Corp., Class A   3,835   191,366
Southside Bancshares, Inc.   2,483   79,903
Sterling Bancorp   12,040   210,700
Texas Capital Bancshares, Inc.2   5,087   279,378
Tompkins Financial Corp.   1,547   118,206
TrustCo Bank Corp.   10,707   75,913
UMB Financial Corp.   7,466   443,854
United Bankshares, Inc.1   5,634   212,233
United Community Banks, Inc.   8,578   180,310
Walker & Dunlop, Inc.2   8,693   219,585
Westamerica Bancorporation1   1,748   88,938
Wintrust Financial Corp.   8,007   444,949
Total Banks     8,389,291
Capital Goods—12.2%  
AAON, Inc.1   6,348   182,949
AAR Corp.   28,435   890,584
Actuant Corp., Class A   24,711   574,284
Aegion Corp.2   34,336   654,788
Aerojet Rocketdyne Holdings, Inc.2   44,709   785,984
Aerovironment, Inc.1,2   5,330   130,105
Alamo Group, Inc.   6,402   421,828
Albany International Corp., Class A   8,625   365,528
American Woodmark Corp.2   5,689   458,363
Apogee Enterprises, Inc.   10,400   464,776
Applied Industrial Technologies, Inc.   25,773   1,204,630
Astec Industries, Inc.   8,449   505,842
AZZ, Inc.   6,804   444,097
Barnes Group, Inc.   14,247   577,716
Briggs & Stratton Corp.   48,605   906,483
Chart Industries, Inc.2   14,923   489,922
CIRCOR International, Inc.   5,453   324,781
Comfort Systems USA, Inc.   25,090   735,388
Cubic Corp.   15,177   710,435
DXP Enterprises, Inc.2   20,029   564,618
Encore Wire Corp.   12,960   476,539
Engility Holdings, Inc.2   34,850   1,097,775

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

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
EnPro Industries, Inc.   10,775   $ 612,236
ESCO Technologies, Inc.   5,964   276,849
Federal Signal Corp.   24,609   326,315
Franklin Electric Co., Inc.   11,578   471,340
General Cable Corp.1   129,830   1,944,853
Gibraltar Industries, Inc.2   14,309   531,579
Greenbrier Cos., Inc. (The)1   40,573   1,432,227
Griffon Corp.1   57,825   983,603
Harsco Corp.   79,624   790,666
Hillenbrand, Inc.   23,308   737,465
John Bean Technologies Corp.1   8,839   623,591
Kaman Corp.   19,847   871,680
Lindsay Corp.   3,412   252,420
Lydall, Inc.2   5,120   261,786
Mercury Systems, Inc.2   5,563   136,683
Moog, Inc., Class A2   21,208   1,262,724
Mueller Industries, Inc.   29,150   945,043
MYR Group, Inc.2   17,817   536,292
National Presto Industries, Inc.1   2,513   220,616
Orion Group Holdings, Inc.2   44,816   306,990
Patrick Industries, Inc.2   8,169   505,824
PGT, Inc.2   16,789   179,139
Powell Industries, Inc.   7,193   288,080
Proto Labs, Inc.1,2   2,512   150,494
Quanex Building Products Corp.   21,805   376,354
Raven Industries, Inc.   5,404   124,454
Simpson Manufacturing Co., Inc.   8,979   394,627
SPX Corp.2   43,512   876,332
SPX FLOW, Inc.2   37,521   1,160,149
Standex International Corp.   4,093   380,117
TASER International, Inc.1,2   4,073   116,529
Tennant Co.   6,058   392,558
Titan International, Inc.   66,192   669,863
Trex Co., Inc.2   3,826   224,663
Universal Forest Products, Inc.   14,014   1,380,239
Veritiv Corp.1,2   81,168   4,072,199
Vicor Corp.2   7,994   92,730
Wabash National Corp.1,2   69,978   996,487
Watts Water Technologies, Inc., Class A1   10,854   703,773
Total Capital Goods     39,576,984
Commercial & Professional Services—6.9%  
ABM Industries, Inc.   63,330   2,514,201
Brady Corp., Class A   15,845   548,395
Brink's Co. (The)   40,869   1,515,423
CDI Corp.   84,843   481,060
         
    Shares   Value
Essendant, Inc.   132,221   $   2,713,175
Exponent, Inc.   2,855   145,776
G&K Services, Inc., Class A   4,748   453,387
Healthcare Services Group, Inc.   18,785   743,510
Heidrick & Struggles International, Inc.   13,959   258,939
Insperity, Inc.   18,631   1,353,356
Interface, Inc.   27,516   459,242
Kelly Services, Inc., Class A   141,373   2,717,189
Korn/Ferry International   27,648   580,608
Matthews International Corp., Class A   11,515   699,651
Mobile Mini, Inc.   8,562   258,572
Multi-Color Corp.   6,327   417,582
Navigant Consulting, Inc.2   21,389   432,486
On Assignment, Inc.2   30,114   1,092,837
R.R. Donnelley & Sons Co.2   5,522   86,806
Resources Connection, Inc.   20,147   300,996
Team, Inc.1,2   16,924   553,584
Tetra Tech, Inc.   24,576   871,711
TrueBlue, Inc.2   60,895   1,379,881
UniFirst Corp.   5,333   703,209
US Ecology, Inc.   5,714   256,216
Viad Corp.   13,731   506,262
WageWorks, Inc.2   2,546   155,077
Total Commercial & Professional Services     22,199,131
Consumer Durables & Apparel—4.2%  
Arctic Cat, Inc.1   20,033   310,311
Callaway Golf Co.   35,687   414,326
Cavco Industries, Inc.2   3,502   346,873
Crocs, Inc.2   61,608   511,346
Ethan Allen Interiors, Inc.   11,881   371,519
G-III Apparel Group Ltd.1,2   37,609   1,096,302
Iconix Brand Group, Inc.1,2   22,098   179,436
Installed Building Products, Inc.1,2   10,520   377,352
iRobot Corp.1,2   7,427   326,639
La-Z-Boy, Inc.   28,225   693,206
LGI Homes, Inc.1,2   9,644   355,285
M.D.C. Holdings, Inc.   38,632   996,706
M/I Homes, Inc.1,2   32,831   773,827
Meritage Homes Corp.1,2   40,357   1,400,388
Movado Group, Inc.   13,301   285,705
Nautilus, Inc.2   5,530   125,642
Oxford Industries, Inc.   6,626   448,580
Perry Ellis International, Inc.2   22,053   425,182
Steven Madden Ltd.1,2   19,510   674,266
Sturm Ruger & Co., Inc.1   5,171   298,677

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

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
TopBuild Corp.2   24,954   $ 828,473
Unifi, Inc.2   10,694   314,724
Universal Electronics, Inc.2   4,260   317,200
Vera Bradley, Inc.2   14,951   226,508
WCI Communities, Inc.2   16,165   383,434
Wolverine World Wide, Inc.   53,371   1,229,134
Total Consumer Durables & Apparel     13,711,041
Consumer Services—3.4%  
American Public Education, Inc.2   7,786   154,241
Belmond Ltd., Class A2   22,300   283,433
Biglari Holdings, Inc.2   930   405,499
BJ's Restaurants, Inc.1,2   12,386   440,322
Bob Evans Farms, Inc.1   17,047   652,900
Boyd Gaming Corp.1,2   55,147   1,090,808
Capella Education Co.   3,400   197,336
Career Education Corp.2   60,854   413,199
Chuy's Holdings, Inc.1,2   5,273   147,328
DineEquity, Inc.   4,063   321,749
El Pollo Loco Holdings, Inc.1,2   12,785   160,963
Fiesta Restaurant Group, Inc.1,2   13,048   313,152
Interval Leisure Group, Inc.   20,576   353,290
Marcus Corp. (The)   9,283   232,446
Marriott Vacations Worldwide Corp.1   8,040   589,493
Monarch Casino & Resort, Inc.2   4,258   107,174
Papa John's International, Inc.   10,380   818,463
Popeyes Louisiana Kitchen, Inc.1,2   2,311   122,806
Red Robin Gourmet Burgers, Inc.1,2   12,637   567,907
Regis Corp.2   65,879   826,781
Ruby Tuesday, Inc.2   195,395   488,487
Ruth's Hospitality Group, Inc.   12,156   171,643
Scientific Games Corp., Class A1,2   125,209   1,411,105
Sonic Corp.   11,395   298,321
Strayer Education, Inc.2   4,366   203,805
Universal Technical Institute, Inc.   74,323   132,295
Total Consumer Services     10,904,946
Diversified Financials—3.8%  
Calamos Asset Management, Inc., Class A1   14,662   99,995
Capstead Mortgage Corp.   5,508   51,940
Encore Capital Group, Inc.1,2   24,269   545,567
Enova International, Inc.2   33,977   328,897
Evercore Partners, Inc., Class A   12,158   626,259
EZCORP, Inc., Class A1,2   32,861   363,443
Financial Engines, Inc.   5,703   169,436
FirstCash, Inc.   7,417   349,192
Green Dot Corp., Class A2   14,557   335,684
         
    Shares   Value
Greenhill & Co., Inc.   5,601   $   132,016
Interactive Brokers Group, Inc., Class A1   18,967   668,966
INTL. FCStone, Inc.2   182,861   7,104,150
Investment Technology Group, Inc.   17,662   302,727
Piper Jaffray Cos.2   6,847   330,710
PRA Group, Inc.1,2   12,775   441,248
Virtus Investment Partners, Inc.1   1,745   170,766
World Acceptance Corp.2   5,444   266,974
Total Diversified Financials     12,287,970
Energy—3.0%  
Atwood Oceanics, Inc.1   77,085   669,869
Basic Energy Services, Inc.1,2   488,389   405,070
Bill Barrett Corp.1,2   13,677   76,044
Bristow Group, Inc.1   61,079   856,327
CARBO Ceramics, Inc.1   7,433   81,317
Carrizo Oil & Gas, Inc.1,2   4,955   201,272
Cloud Peak Energy, Inc.1,2   123,182   670,110
Contango Oil & Gas Co.2   4,339   44,345
Era Group, Inc.2   16,595   133,590
Exterran Corp.2   59,261   929,212
Geospace Technologies Corp.1,2   1,606   31,285
Green Plains, Inc.   59,591   1,561,284
Gulf Island Fabrication, Inc.   15,475   142,370
Helix Energy Solutions Group, Inc.2   35,256   286,631
Hornbeck Offshore Services, Inc.1,2   29,076   159,918
Matrix Service Co.2   33,613   630,580
Newpark Resources, Inc.2   36,975   272,136
Northern Oil and Gas, Inc.1,2   22,197   59,488
PDC Energy, Inc.2   2,713   181,934
Pioneer Energy Services Corp.2   46,866   189,339
REX American Resources Corp.1,2   2,384   202,068
SEACOR Holdings, Inc.1,2   7,657   455,515
Synergy Resources Corp.1,2   7,660   53,084
Tesco Corp.   12,096   98,703
TETRA Technologies, Inc.2   72,714   444,282
Tidewater, Inc.1   125,728   354,553
U.S. Silica Holdings, Inc.1   5,905   274,937
Unit Corp.2   18,486   343,840
Total Energy     9,809,103
Food & Staples Retailing—4.4%  
Andersons, Inc. (The)   53,512   1,936,064
SpartanNash Co.   122,160   3,532,867
SUPERVALU, Inc.2   1,745,073   8,707,915
Total Food & Staples Retailing     14,176,846

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

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Food, Beverage & Tobacco—2.1%  
B&G Foods, Inc.   11,214   $ 551,505
Calavo Growers, Inc.   5,889   385,317
Cal-Maine Foods, Inc.1   21,619   833,196
Darling Ingredients, Inc.2   118,089   1,595,383
J&J Snack Foods Corp.   3,939   469,214
Sanderson Farms, Inc.   13,907   1,339,661
Seneca Foods Corp., Class A2   21,630   610,831
Universal Corp.   18,056   1,051,220
Total Food, Beverage & Tobacco     6,836,327
Health Care Equipment & Services—7.7%  
Abaxis, Inc.   2,172   112,119
Aceto Corp.1   14,160   268,898
Adeptus Health, Inc., Class A1,2   5,031   216,585
Air Methods Corp.1,2   17,266   543,706
Almost Family, Inc.2   7,448   273,863
Amedisys, Inc.2   13,110   621,938
AMN Healthcare Services, Inc.1,2   23,410   746,077
Analogic Corp.   2,681   237,537
AngioDynamics, Inc.2   9,743   170,892
Anika Therapeutics, Inc.2   1,059   50,673
BioTelemetry, Inc.2   5,063   94,020
Cantel Medical Corp.   3,761   293,283
Chemed Corp.   5,336   752,750
Computer Programs & Systems, Inc.1   4,248   110,703
CONMED Corp.   8,759   350,886
CorVel Corp.2   6,262   240,461
Cross Country Healthcare, Inc.2   31,960   376,489
CryoLife, Inc.   4,356   76,535
Cynosure, Inc., Class A2   3,686   187,765
Diplomat Pharmacy, Inc.1,2   62,222   1,742,838
Ensign Group, Inc. (The)   34,629   697,082
Haemonetics Corp.2   11,652   421,919
HealthEquity, Inc.1,2   1,990   75,321
HealthStream, Inc.2   3,925   108,330
Healthways, Inc.1,2   12,200   322,812
HMS Holdings Corp.2   10,584   234,647
ICU Medical, Inc.2   1,411   178,322
Inogen, Inc.1,2   1,406   84,219
Integer Holdings Corp.2   20,675   448,441
Integra LifeSciences Holdings Corp.1,2   5,282   436,029
Invacare Corp.   45,833   511,955
Kindred Healthcare, Inc.1   323,865   3,309,900
Landauer, Inc.   1,588   70,634
LHC Group, Inc.2   11,177   412,208
         
    Shares   Value
Magellan Health, Inc.2   41,461   $   2,227,700
Masimo Corp.2   5,129   305,124
Medidata Solutions, Inc.2   3,660   204,082
Meridian Bioscience, Inc.   4,728   91,203
Merit Medical Systems, Inc.2   10,942   265,781
Natus Medical, Inc.1,2   4,276   168,004
Neogen Corp.2   2,643   147,849
Omnicell, Inc.2   7,518   287,939
PharMerica Corp.2   37,051   1,040,022
Providence Service Corp. (The)2   17,457   848,934
Quality Systems, Inc.   20,215   228,834
Quorum Health Corp.2   163,740   1,026,650
Select Medical Holdings Corp.2   157,863   2,131,150
Surgical Care Affiliates, Inc.2   12,818   625,006
SurModics, Inc.2   1,103   33,189
US Physical Therapy, Inc.   2,599   162,957
Vascular Solutions, Inc.2   1,518   73,213
Zeltiq Aesthetics, Inc.1,2   3,475   136,289
Total Health Care Equipment & Services     24,783,763
Household & Personal Products—0.5%  
Central Garden & Pet Co.2   17,781   462,306
Central Garden & Pet Co., Class A2   18,636   462,173
Inter Parfums, Inc.   7,232   233,376
Medifast, Inc.   3,482   131,585
WD-40 Co.   1,563   175,728
Total Household & Personal Products     1,465,168
Insurance—2.7%  
American Equity Investment Life Holding Co.   44,373   786,733
AMERISAFE, Inc.   3,291   193,445
eHealth, Inc.1,2   8,152   91,384
Employers Holdings, Inc.   12,738   379,975
HCI Group, Inc.1   3,826   116,157
Horace Mann Educators Corp.   14,722   539,561
Infinity Property & Casualty Corp.   8,596   710,287
Maiden Holdings Ltd.   95,710   1,214,560
Navigators Group, Inc. (The)   5,688   551,281
ProAssurance Corp.   7,004   367,570
RLI Corp.   5,749   393,002
Safety Insurance Group, Inc.   5,798   389,742
Selective Insurance Group, Inc.1   26,811   1,068,686
Stewart Information Services Corp.   20,905   929,227
United Fire Group, Inc.   12,360   523,075
United Insurance Holdings Corp.   12,747   216,444
Universal Insurance Holdings, Inc.1   12,693   319,864
Total Insurance     8,790,993

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

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Materials—8.0%  
A. Schulman, Inc.   44,359   $ 1,291,734
AK Steel Holding Corp.1,2   693,982   3,351,933
American Vanguard Corp.   8,286   133,073
Balchem Corp.1   3,868   299,886
Boise Cascade Co.2   72,939   1,852,651
Calgon Carbon Corp.   16,765   254,325
Century Aluminum Co.2   111,770   776,802
Chemours Co. (The)   173,346   2,773,536
Clearwater Paper Corp.2   13,300   860,111
Deltic Timber Corp.   1,432   96,989
Flotek Industries, Inc.1,2   10,021   145,705
FutureFuel Corp.   11,353   128,062
H.B. Fuller Co.   20,698   961,836
Hawkins, Inc.   4,469   193,642
Haynes International, Inc.1   5,668   210,340
Headwaters, Inc.2   27,763   469,750
Ingevity Corp.2   9,392   432,971
Innophos Holdings, Inc.   9,251   361,067
Innospec, Inc.   7,740   470,669
Intrepid Potash, Inc.2   68,309   77,189
Kaiser Aluminum Corp.   7,451   644,437
KapStone Paper and Packaging Corp.   78,269   1,480,850
Koppers Holdings, Inc.2   23,277   749,054
Kraton Corp.1,2   19,226   673,679
LSB Industries, Inc.1,2   27,246   233,771
Materion Corp.   15,383   472,412
Myers Industries, Inc.   20,511   266,438
Neenah Paper, Inc.1   5,759   455,019
Olympic Steel, Inc.   25,411   561,583
PH Glatfelter Co.   35,120   761,402
Quaker Chemical Corp.   3,569   378,064
Rayonier Advanced Materials, Inc.1   38,887   519,919
Schweitzer-Mauduit International, Inc.   10,334   398,479
Stepan Co.   11,786   856,371
Stillwater Mining Co.2   24,268   324,220
SunCoke Energy, Inc.   88,957   713,435
TimkenSteel Corp.1,2   46,045   481,170
Tredegar Corp.   21,938   407,827
US Concrete, Inc.1,2   10,113   465,855
Total Materials     25,986,256
Media—1.0%  
E.W. Scripps Co., (The), Class A1,2   24,341   387,022
Gannett Co., Inc.   120,747   1,405,495
Harte-Hanks, Inc.   139,354   225,753
         
    Shares   Value
Scholastic Corp.   20,289   $   798,575
World Wrestling Entertainment, Inc., Class A1   17,042   362,995
Total Media     3,179,840
Pharmaceuticals, Biotechnology & Life Sciences—1.2%  
Acorda Therapeutics, Inc.1,2   9,516   198,694
Albany Molecular Research, Inc.1,2   14,176   234,046
AMAG Pharmaceuticals, Inc.1,2   8,664   212,355
Amphastar Pharmaceuticals, Inc.1,2   29,545   560,469
ANI Pharmaceuticals, Inc.1,2   683   45,317
Cambrex Corp.1,2   4,823   214,431
Depomed, Inc.1,2   8,503   212,490
Eagle Pharmaceuticals, Inc.2   782   54,740
Emergent BioSolutions, Inc.2   9,284   292,724
Enanta Pharmaceuticals, Inc.1,2   1,754   46,674
Impax Laboratories, Inc.2   16,297   386,239
Lannett Co., Inc.1,2   8,269   219,707
Ligand Pharmaceuticals, Inc.1,2   366   37,354
Luminex Corp.2   5,450   123,824
Medicines Co. (The)1,2   2,987   112,729
MiMedx Group, Inc.1,2   11,038   94,706
Momenta Pharmaceuticals, Inc.2   3,224   37,689
Nektar Therapeutics1,2   4,605   79,114
Phibro Animal Health Corp., Class A   13,345   362,717
Repligen Corp.2   1,320   39,851
SciClone Pharmaceuticals, Inc.2   7,188   73,677
Spectrum Pharmaceuticals, Inc.2   14,956   69,844
Supernus Pharmaceuticals, Inc.1,2   3,247   80,298
Total Pharmaceuticals, Biotechnology & Life Sciences     3,789,689
Real Estate—1.6%  
Acadia Realty Trust   2,917   105,712
Agree Realty Corp.   811   40,096
American Assets Trust, Inc.1   3,113   135,042
CareTrust REIT, Inc.   2,803   41,428
Cedar Realty Trust, Inc.   9,578   68,962
Chesapeake Lodging Trust   12,320   282,128
CoreSite Realty Corp.   2,222   164,517
Cousins Properties, Inc.1   16,505   172,312
DiamondRock Hospitality Co.   48,009   436,882
EastGroup Properties, Inc.1   1,614   118,726
Forestar Group, Inc.1,2   10,234   119,840
Four Corners Property Trust, Inc.   2,035   43,407
Franklin Street Properties Corp.1   9,127   115,000
Geo Group, Inc. (The)1   41,858   995,383
Getty Realty Corp.   2,419   57,887
Government Properties Income Trust1   5,237   118,461

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

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
HFF, Inc., Class A   8,886   $ 246,053
Kite Realty Group Trust   6,079   168,510
Lexington Realty Trust   19,909   205,063
LTC Properties, Inc.   1,416   73,618
Parkway Properties, Inc.   11,864   201,807
Pennsylvania Real Estate Investment Trust   8,638   198,933
PS Business Parks, Inc.1   1,622   184,210
RE/MAX Holdings, Inc., Class A   1,953   85,502
Retail Opportunity Investments Corp.   4,675   102,663
Sabra Health Care REIT, Inc.   5,119   128,896
Saul Centers, Inc.   1,557   103,696
Summit Hotel Properties, Inc.   16,814   221,272
Universal Health Realty Income Trust   530   33,401
Urstadt Biddle Properties, Inc., Class A   2,431   54,017
Total Real Estate     5,023,424
Retailing—14.0%  
Asbury Automotive Group, Inc.2   58,753   3,270,780
Barnes & Noble Education, Inc.2   86,954   832,150
Barnes & Noble, Inc.   178,801   2,020,451
Big 5 Sporting Goods Corp.   35,812   487,759
Blue Nile, Inc.1   6,366   219,118
Buckle, Inc. (The)1   21,017   505,039
Caleres, Inc.   48,563   1,228,158
Cato Corp., (The), Class A   14,634   481,312
Children's Place, Inc. (The)1   10,027   800,856
Core-Mark Holding Co., Inc.1   132,096   4,729,037
Express, Inc.2   91,282   1,076,215
Finish Line, Inc., (The), Class A   39,227   905,359
Five Below, Inc.1,2   9,894   398,629
Francesca's Holdings Corp.2   13,656   210,712
Fred's, Inc., Class A1   104,476   946,553
FTD Cos., Inc.2   27,194   559,381
Genesco, Inc.1,2   28,223   1,537,025
Group 1 Automotive, Inc.1   86,732   5,540,440
Haverty Furniture Cos., Inc.   19,656   393,906
Hibbett Sports, Inc.1,2   11,359   453,224
Kirkland's, Inc.2   22,834   278,118
Lithia Motors, Inc., Class A1   45,495   4,345,682
Lumber Liquidators Holdings, Inc.1,2   28,079   552,314
MarineMax, Inc.2   22,144   463,917
Monro Muffler Brake, Inc.1   7,576   463,424
Nutrisystem, Inc.   8,550   253,849
PetMed Express, Inc.1   5,501   111,560
Rent-A-Center, Inc.   120,835   1,527,354
Select Comfort Corp.2   23,405   505,548
         
    Shares   Value
Shoe Carnival, Inc.   17,212   $   458,872
Sonic Automotive, Inc., Class A   265,928   4,999,446
Stage Stores, Inc.1   139,611   783,218
Stein Mart, Inc.   83,797   532,111
Tailored Brands, Inc.1   96,344   1,512,601
Tile Shop Holdings, Inc.2   15,197       –
Tuesday Morning Corp.1,2   71,971   430,387
Vitamin Shoppe, Inc.2   22,882   614,382
VOXX International Corp.2   101,529   303,572
Zumiez, Inc.1,2   22,213   399,834
Total Retailing     45,132,293
Semiconductors & Semiconductor Equipment—1.0%  
Advanced Energy Industries, Inc.2   4,638   219,470
Brooks Automation, Inc.   20,397   277,603
Cabot Microelectronics Corp.   3,859   204,180
CEVA, Inc.2   1,000   35,070
Cohu, Inc.   11,533   135,397
Diodes, Inc.2   20,034   427,526
DSP Group, Inc.2   5,459   65,563
Exar Corp.2   7,688   71,575
Kopin Corp.2   4,501   9,812
Kulicke & Soffa Industries, Inc.2   21,131   273,224
MKS Instruments, Inc.   9,024   448,764
Nanometrics, Inc.2   4,373   97,693
Power Integrations, Inc.   2,857   180,077
Rambus, Inc.2   10,835   135,437
Rudolph Technologies, Inc.2   6,279   111,389
Semtech Corp.2   8,555   237,230
Tessera Technologies, Inc.   3,657   140,575
Ultratech, Inc.2   2,979   68,755
Veeco Instruments, Inc.2   10,008   196,457
Total Semiconductors & Semiconductor Equipment     3,335,797
Software & Services—3.5%  
8x8, Inc.2   7,006   108,103
Blackbaud, Inc.   5,021   333,093
Blucora, Inc.2   17,343   194,242
Bottomline Technologies (de), Inc.2   6,859   159,883
CACI International, Inc., Class A2   18,220   1,838,398
Cardtronics PLC, Class A2   13,936   621,546
Ciber, Inc.2   257,435   296,050
CSG Systems International, Inc.   8,308   343,370
DHI Group, Inc.2   14,829   117,001
Ebix, Inc.1   2,473   140,590
Exlservice Holdings, Inc.2   6,384   318,179
Forrester Research, Inc.   3,846   149,609

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

Schedule of Investments - continued

OPPENHEIMER SMALL CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Interactive Intelligence Group, Inc.1,2   3,288   $ 197,740
Liquidity Services, Inc.2   15,178   170,601
LivePerson, Inc.1,2   13,456   113,165
LogMeIn, Inc.1   1,592   143,901
ManTech International Corp., Class A   18,995   715,922
MicroStrategy, Inc., Class A2   1,484   248,481
Monotype Imaging Holdings, Inc.   4,410   97,505
Monster Worldwide, Inc.1,2   84,255   304,161
NIC, Inc.   6,365   149,577
Perficient, Inc.2   11,516   232,047
Progress Software Corp.2   6,733   183,138
Qualys, Inc.2   2,399   91,618
QuinStreet, Inc.2   41,766   126,133
Shutterstock, Inc.1,2   3,911   249,131
SPS Commerce, Inc.1,2   8,474   622,076
Stamps.com, Inc.1,2   1,569   148,286
Sykes Enterprises, Inc.2   22,864   643,164
Synchronoss Technologies, Inc.2   6,989   287,807
Take-Two Interactive Software, Inc.1,2   15,694   707,485
Tangoe, Inc.2   12,475   102,919
TeleTech Holdings, Inc.   21,438   621,488
TiVo Corp.2   11,457   223,182
VASCO Data Security International, Inc.2   5,366   94,495
Virtusa Corp.2   12,699   313,411
XO Group, Inc.2   3,690   71,328
Total Software & Services     11,478,825
Technology Hardware & Equipment—8.1%  
ADTRAN, Inc.   15,706   300,613
Agilysys, Inc.2   5,654   62,872
Anixter International, Inc.2   52,584   3,391,668
Badger Meter, Inc.   5,809   194,660
Bel Fuse, Inc., Class B   11,197   270,296
Benchmark Electronics, Inc.1,2   48,148   1,201,293
Black Box Corp.   30,354   421,921
CalAmp Corp.2   9,703   135,357
Coherent, Inc.2   3,572   394,849
Comtech Telecommunications Corp.   12,049   154,348
Cray, Inc.1,2   13,788   324,569
CTS Corp.   9,854   183,284
Daktronics, Inc.   28,757   274,342
Digi International, Inc.2   8,299   94,609
DTS, Inc.   2,305   98,055
Electro Scientific Industries, Inc.2   15,137   85,373
Electronics For Imaging, Inc.1,2   9,533   466,354
ePlus, Inc.2   6,464   610,266
         
    Shares   Value
Fabrinet2   10,843   $   483,489
FARO Technologies, Inc.2   4,464   160,481
Harmonic, Inc.1,2   35,888   212,816
II-VI, Inc.2   17,275   420,301
Insight Enterprises, Inc.2   83,528   2,718,836
Itron, Inc.2   17,925   999,498
Ixia2   19,892   248,650
Littelfuse, Inc.1   3,299   424,944
Lumentum Holdings, Inc.2   10,953   457,507
Methode Electronics, Inc.   11,144   389,706
MTS Systems Corp.   5,824   268,079
NETGEAR, Inc.2   11,395   689,283
OSI Systems, Inc.1,2   6,227   407,121
Park Electrochemical Corp.   3,965   68,872
Plexus Corp.1,2   26,528   1,240,980
Rofin-Sinar Technologies, Inc.2   7,316   235,429
Rogers Corp.2   5,187   316,822
Sanmina Corp.2   109,649   3,121,707
ScanSource, Inc.2   48,024   1,752,876
Super Micro Computer, Inc.2   49,587   1,158,848
TTM Technologies, Inc.2   110,279   1,262,694
Viavi Solutions, Inc.2   58,542   432,625
Total Technology Hardware & Equipment     26,136,293
Telecommunication Services—0.7%  
ATN International, Inc.   2,628   170,925
Cincinnati Bell, Inc.2   135,699   553,652
Cogent Communications Holdings, Inc.1   5,506   202,676
Consolidated Communications Holdings, Inc.   14,711   371,306
General Communication, Inc., Class A2   33,742   463,952
Inteliquent, Inc.   12,206   197,005
Iridium Communications, Inc.1,2   27,358   221,873
Lumos Networks Corp.2   6,964   97,496
Spok Holdings, Inc.   4,874   86,855
Total Telecommunication Services     2,365,740
Transportation—3.7%  
Allegiant Travel Co.1   4,678   617,824
ArcBest Corp.   66,715   1,268,919
Atlas Air Worldwide Holdings, Inc.2   22,090   945,894
Celadon Group, Inc.   57,929   506,299
Echo Global Logistics, Inc.2   34,035   784,847
Forward Air Corp.   10,060   435,196
Hawaiian Holdings, Inc.2   24,108   1,171,649
Heartland Express, Inc.1   16,730   315,862
Hub Group, Inc., Class A2   40,029   1,631,582
Knight Transportation, Inc.1   18,618   534,150

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

Schedule of Investments - concluded

OPPENHEIMER SMALL CAP REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Marten Transport Ltd.   14,673   $ 308,133
Matson, Inc.   24,802   989,104
Roadrunner Transportation Systems, Inc.2   110,146   878,965
Saia, Inc.2   18,542   555,518
SkyWest, Inc.   44,095   1,164,549
Total Transportation     12,108,491
Utilities—1.3%  
ALLETE, Inc.1   11,659   695,109
American States Water Co.1   5,402   216,350
Avista Corp.   16,450   687,445
California Water Service Group1   9,099   291,987
El Paso Electric Co.   8,680   405,964
Northwest Natural Gas Co.   5,325   320,086
Piedmont Natural Gas Co., Inc.   9,151   549,426
South Jersey Industries, Inc.   14,531   429,391
Spire, Inc.1   10,816   689,412
Total Utilities     4,285,170
Total Common Stocks      
(Cost $293,541,351)     322,781,062
         
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—8.2%        
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.42% 3
(Cost $26,471,803)		   26,471,803   26,471,803
Total Investments—108.0%
(Cost $320,013,154)		       349,252,865
Liabilities in Excess of Other Assets—(8.0)%        (25,724,862)
Net Assets—100.0%       $   323,528,003
 
     
PLC - Public Limited Company
REIT - Real Estate Investment Trust
1 All or a portion of the security was on loan. The aggregate value of the securities on loan was $65,409,664; total value of the collateral held by the fund was $66,624,369.  The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $40,152,566.
2 Non-income producing security.
3 Rate shown represents annualized 7-day yield as of September 30, 2016.

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

 

Schedule of Investments

OPPENHEIMER FINANCIALS SECTOR REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

 

    Shares   Value
COMMON STOCKS—99.8%        
Banks—30.8%  
Bank of America Corp.   72,983   $   1,142,184
BB&T Corp.1   3,792   143,034
Citigroup, Inc.   20,855   984,982
Citizens Financial Group, Inc.   2,834   70,028
Comerica, Inc.   815   38,566
Fifth Third Bancorp   4,592   93,952
Huntington Bancshares, Inc.   4,539   44,755
JPMorgan Chase & Co.   20,102   1,338,592
KeyCorp   4,844   58,952
M&T Bank Corp.   622   72,214
People's United Financial, Inc.   1,205   19,063
PNC Financial Services Group, Inc. (The)   2,453   220,991
Regions Financial Corp.   7,952   78,486
SunTrust Banks, Inc.   2,730   119,574
U.S. Bancorp   6,647   285,090
Wells Fargo & Co.   27,209   1,204,815
Zions Bancorporation1   1,073   33,284
Total Banks     5,948,562
Capital Markets—12.5%  
Affiliated Managers Group, Inc.2   246   35,596
Ameriprise Financial, Inc.   1,733   172,901
Bank of New York Mellon Corp. (The)   5,519   220,098
BlackRock, Inc.   465   168,544
Charles Schwab Corp. (The)   3,331   105,160
CME Group, Inc.   479   50,065
E*TRADE Financial Corp.2   1,024   29,819
Franklin Resources, Inc.   2,866   101,944
Goldman Sachs Group, Inc. (The)   2,537   409,142
Intercontinental Exchange, Inc.   221   59,529
Invesco Ltd.   2,349   73,453
Legg Mason, Inc.   1,150   38,502
Moody's Corp.   479   51,866
Morgan Stanley   15,036   482,054
Nasdaq, Inc.   763   51,533
Northern Trust Corp.   1,059   72,001
S&P Global, Inc.   677   85,681
State Street Corp.   2,175   151,445
T. Rowe Price Group, Inc.   918   61,047
Total Capital Markets     2,420,380
Consumer Finance—5.1%  
American Express Co.   7,176   459,551
Capital One Financial Corp.   4,019   288,685
         
    Shares   Value
Discover Financial Services   1,855   $   104,900
Navient Corp.   2,379   34,424
Synchrony Financial   3,741   104,748
Total Consumer Finance     992,308
Diversified Financial Services—16.5%  
Berkshire Hathaway, Inc., Class B2   20,981   3,031,125
Leucadia National Corp.   8,051   153,291
Total Diversified Financial Services     3,184,416
Insurance—34.9%  
Aflac, Inc.   4,442   319,246
Allstate Corp. (The)   7,959   550,604
American International Group, Inc.   13,684   812,008
Aon PLC   1,576   177,284
Arthur J. Gallagher & Co.   1,633   83,071
Assurant, Inc.   1,517   139,943
Chubb Ltd.   2,936   368,908
Cincinnati Financial Corp.   1,054   79,493
Hartford Financial Services Group, Inc. (The)   6,517   279,058
Lincoln National Corp.   4,362   204,927
Loews Corp.   4,833   198,878
Marsh & McLennan Cos., Inc.   2,972   199,867
MetLife, Inc.   23,159   1,028,954
Principal Financial Group, Inc.1   3,745   192,905
Progressive Corp. (The)   10,542   332,073
Prudential Financial, Inc.   10,890   889,168
Torchmark Corp.   922   58,907
Travelers Cos., Inc. (The)   3,511   402,185
Unum Group   4,667   164,792
Willis Towers Watson PLC   710   94,267
XL Group Ltd.   4,587   154,261
Total Insurance     6,730,799
Total Common Stocks      
(Cost $17,406,682)     19,276,465
         
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—1.0%        
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.42% 3
(Cost $189,923)		   189,923   189,923
Total Investments—100.8%
(Cost $17,596,605)		       19,466,388
Liabilities in Excess of Other Assets—(0.8)%        (146,794)
Net Assets—100.0%       $   19,319,594
 
     
PLC - Public Limited Company
 

 

Schedule of Investments - concluded

OPPENHEIMER FINANCIALS SECTOR REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

1 All or a portion of the security was on loan. The aggregate value of the securities on loan was $362,277; total value of the collateral held by the fund was $364,599.  The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $174,676.
2 Non-income producing security.
3 Rate shown represents annualized 7-day yield as of September 30, 2016.

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

 

Schedule of Investments

OPPENHEIMER ADR REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

 

    Shares   Value
COMMON STOCKS—97.8%        
Automobiles & Components—8.3%  
Honda Motor Co. Ltd.1   11,952   $   345,652
Magna International, Inc.   2,427   104,239
Toyota Motor Corp.1,2   5,400   626,724
Total Automobiles & Components     1,076,615
Banks—9.4%  
Banco Bilbao Vizcaya Argentaria SA1,2   9,289   55,363
Banco Bradesco SA1   5,797   52,579
Banco de Chile1   87   5,855
Banco Santander Chile1   251   5,193
Banco Santander SA1   23,587   104,019
Bancolombia SA1,2   234   9,135
Bank of Montreal   632   41,440
Bank of Nova Scotia (The)   922   48,857
Barclays PLC1,2   8,565   74,430
Canadian Imperial Bank of Commerce   363   28,143
Credicorp Ltd.   58   8,829
HSBC Holdings PLC1   3,837   144,310
ING Groep NV1,2   3,863   47,669
KB Financial Group, Inc.1   433   14,813
Lloyds Banking Group PLC1,2   21,747   62,414
Mitsubishi UFJ Financial Group, Inc.1,2   20,123   101,621
Mizuho Financial Group, Inc.1,2   19,176   64,431
Royal Bank of Canada   1,196   74,104
Royal Bank of Scotland Group PLC1,2,3   9,326   43,459
Shinhan Financial Group Co. Ltd.1   550   20,042
Sumitomo Mitsui Financial Group, Inc.1,2   15,309   103,336
Toronto-Dominion Bank (The)   1,498   66,511
Westpac Banking Corp.1,2   1,878   42,706
Total Banks     1,219,259
Capital Goods—1.5%  
ABB Ltd.1,3   4,367   98,301
Embraer SA1,2   908   15,672
Koninklijke Philips NV   2,629   77,792
Total Capital Goods     191,765
Commercial & Professional Services—0.4%  
RELX NV1   1,437   25,665
RELX PLC1,2   1,327   25,425
Total Commercial & Professional Services     51,090
Consumer Durables & Apparel—1.8%  
Gildan Activewear, Inc.   245   6,848
Luxottica Group S.p.A.1   584   27,927
Sony Corp.1,2   5,971   198,297
Total Consumer Durables & Apparel     233,072
       
    Shares   Value
Consumer Services—0.5%  
Carnival PLC1   979   $   48,050
InterContinental Hotels Group PLC1,2   113   4,704
Restaurant Brands International, Inc.   252   11,234
Total Consumer Services     63,988
Diversified Financials—3.1%  
Brookfield Asset Management, Inc., Class A   1,985   69,832
Credit Suisse Group AG1   4,109   53,992
Deutsche Bank AG3   5,981   78,291
Nomura Holdings, Inc.1   6,918   30,785
ORIX Corp.1   803   59,551
Thomson Reuters Corp.   801   33,146
UBS Group AG   5,634   76,735
Total Diversified Financials     402,332
Energy—29.5%  
Amec Foster Wheeler PLC1,2   3,035   22,550
BP PLC1,2   15,853   557,391
Cameco Corp.2   577   4,939
Canadian Natural Resources Ltd.   739   23,678
Cenovus Energy, Inc.   1,718   24,688
China Petroleum & Chemical Corp.1,2   9,145   675,358
CNOOC Ltd.1   530   67,040
Crescent Point Energy Corp.   335   4,422
Ecopetrol SA1,2,3   5,005   43,844
Enbridge, Inc.   1,590   70,326
Encana Corp.   980   10,261
Eni S.p.A.1   6,100   176,107
Imperial Oil Ltd.2   1,608   50,363
Pembina Pipeline Corp.2   297   9,047
PetroChina Co. Ltd.1,2   9,738   650,498
Petroleo Brasileiro SA1,3   11,918   111,195
Royal Dutch Shell PLC, Class A1   6,540   327,458
Royal Dutch Shell PLC, Class B1,2   6,198   327,440
Statoil ASA1   8,350   140,280
Suncor Energy, Inc.   2,027   56,310
Tenaris SA1   565   16,046
Total SA1   7,425   354,172
TransCanada Corp.   497   23,637
Ultrapar Participacoes SA1   2,780   60,854
Total Energy     3,807,904
Food & Staples Retailing—0.3%  
Cencosud SA1,2   4,939   44,500
     
Food, Beverage & Tobacco—2.7%  
Ambev SA1   6,012   36,613

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

Schedule of Investments - continued

OPPENHEIMER ADR REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Anheuser-Busch InBev NV1   955   $   125,497
BRF SA1,2   1,589   27,108
British American Tobacco PLC1   434   55,400
Diageo PLC1,2   380   44,095
Fomento Economico Mexicano SAB de CV1   629   57,893
Total Food, Beverage & Tobacco     346,606
Health Care Equipment & Services—0.5%  
Fresenius Medical Care AG & Co. KGaA1,2   1,115   48,804
Smith & Nephew PLC1,2   398   13,046
Total Health Care Equipment & Services     61,850
Household & Personal Products—2.6%  
Unilever NV   3,587   165,361
Unilever PLC1,2   3,515   166,611
Total Household & Personal Products     331,972
Insurance—6.7%  
Aegon NV   32,215   124,350
Aviva PLC1,2   11,146   128,290
China Life Insurance Co. Ltd.1,2   17,139   224,178
Manulife Financial Corp.   9,073   128,020
Prudential PLC1,2   5,514   196,905
Sun Life Financial, Inc.   1,927   62,705
Total Insurance     864,448
Materials—7.5%  
Agnico Eagle Mines Ltd.   108   5,851
Agrium, Inc.   427   38,725
ArcelorMittal3   27,311   164,958
Barrick Gold Corp.   1,358   24,064
BHP Billiton Ltd.1,2   2,765   95,807
BHP Billiton PLC1,2   3,136   95,272
Cemex SAB de CV1,3   4,933   39,168
CRH PLC1   2,541   84,539
Eldorado Gold Corp.3   449   1,765
Franco-Nevada Corp.2   20   1,397
Gerdau SA1   11,367   30,918
Goldcorp, Inc.   655   10,821
James Hardie Industries PLC1,2   310   4,876
Kinross Gold Corp.3   2,084   8,774
POSCO1,2   2,567   131,122
Potash Corp. of Saskatchewan, Inc.   793   12,942
Randgold Resources Ltd.1   35   3,502
Rio Tinto PLC1,2   2,892   96,593
Silver Wheaton Corp.   75   2,027
Sociedad Quimica y Minera de Chile SA1   187   5,030
Southern Copper Corp.2   540   14,202
Syngenta AG1,2   411   36,004
         
    Shares   Value
Teck Resources Ltd., Class B   928   $   16,732
Vale SA1,2   6,472   35,596
Yamana Gold, Inc.   1,103   4,754
Total Materials     965,439
Media—0.7%  
Grupo Televisa SAB1   593   15,234
Pearson PLC1,2   1,497   14,656
Shaw Communications, Inc., Class B2   524   10,721
WPP PLC1,2   447   52,621
Total Media     93,232
Pharmaceuticals, Biotechnology & Life Sciences—3.9%  
AstraZeneca PLC1,2   2,027   66,607
GlaxoSmithKline PLC1,2   2,327   100,363
Novartis AG1   1,753   138,417
Novo Nordisk A/S1   1,006   41,839
QIAGEN NV3   139   3,814
Sanofi1   2,740   104,641
Shire PLC1   117   22,682
Valeant Pharmaceuticals International, Inc.3   1,023   25,115
Total Pharmaceuticals, Biotechnology & Life Sciences     503,478
Semiconductors & Semiconductor Equipment—0.9%  
ASML Holding NV   174   19,067
STMicroelectronics NV   2,499   20,367
Taiwan Semiconductor Manufacturing Co. Ltd.1   2,511   76,811
Total Semiconductors & Semiconductor Equipment     116,245
Software & Services—0.7%  
CGI Group, Inc., Class A3   475   22,624
SAP SE1,2   752   68,741
Total Software & Services     91,365
Technology Hardware & Equipment—2.1%  
BlackBerry Ltd.3   712   5,682
Canon, Inc.1,2   3,166   91,909
Kyocera Corp.1,2   757   36,434
Nokia OYJ1   10,017   57,999
Telefonaktiebolaget LM Ericsson1   11,838   85,352
Total Technology Hardware & Equipment     277,376
Telecommunication Services—12.0%  
America Movil SAB de CV, Class L1   12,712   145,425
BCE, Inc.   970   44,795
BT Group PLC1,2   3,220   81,885
China Mobile Ltd.1   4,870   299,602
Chunghwa Telecom Co. Ltd.1   561   19,652
Nippon Telegraph & Telephone Corp.1   6,365   291,581
NTT DOCOMO, Inc.1   4,495   114,218

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

Schedule of Investments - continued

OPPENHEIMER ADR REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Orange SA1   8,462   $   131,838
Rogers Communications, Inc., Class B   685   29,058
Telecom Italia S.p.A.1,2,3   3,364   27,887
Telecom Italia S.p.A., Class A1,2   4,071   27,805
Telefonica SA1   14,795   149,134
TELUS Corp.   826   27,258
Vodafone Group PLC1,2   5,650   164,697
Total Telecommunication Services     1,554,835
Transportation—0.7%  
Canadian National Railway Co.   414   27,076
Canadian Pacific Railway Ltd.2   92   14,048
Latam Airlines Group SA1,3   3,202   26,000
Ryanair Holdings PLC1   266   19,958
Total Transportation     87,082
Utilities—2.0%  
Cia Energetica de Minas Gerais1   5,658   14,654
CPFL Energia SA1,2   980   14,504
Empresa Nacional de Electricidad SA1   369   7,321
Enersis Americas SA1   2,888   23,653
Korea Electric Power Corp.1   5,360   130,677
National Grid PLC1   923   65,634
Total Utilities     256,443
Total Common Stocks      
(Cost $14,254,629)     12,640,896
PREFERRED STOCKS—1.7%        
Banks—0.5%  
Itau Unibanco Holding SA1   6,119   66,942
Energy—0.9%  
Petroleo Brasileiro SA1,3   13,952   115,941
Materials—0.3%  
Vale SA1   7,690   36,220
Total Preferred Stocks      
(Cost $169,021)     219,103
         
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—26.7%        
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.42% 4
(Cost $3,450,969)		   3,450,969   3,450,969
Total Investments—126.2%
(Cost $17,874,619)		       16,310,968
Liabilities in Excess of Other Assets—(26.2)%        (3,388,077)
Net Assets—100.0%       $   12,922,891
 
     
PLC - Public Limited Company
   
1 American Depositary Receipt
2 All or a portion of the security was on loan. The aggregate value of the securities on loan was $3,668,862; total value of the collateral held by the fund was $3,760,281.  The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $309,312.
3 Non-income producing security.
4 Rate shown represents annualized 7-day yield as of September 30, 2016.

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

Schedule of Investments (concluded)

OPPENHEIMER ADR REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

Country  Value  % of Net Assets
Australia  $233,785    1.8%
Belgium   125,497    1.0 
Brazil   618,796    4.8 
Canada   1,228,718    9.5 
Chile   117,552    0.9 
China   1,916,676    14.8 
Colombia   52,979    0.4 
Denmark   41,839    0.3 
Finland   57,999    0.4 
France   590,651    4.6 
Germany   195,836    1.5 
Ireland   132,055    1.0 
Italy   259,726    2.0 
Japan   2,064,539    16.0 
Jersey Islands   3,502    0.01
Luxembourg   181,004    1.4 
Mexico   257,720    2.0 
Netherlands   923,776    7.1 
Norway   140,280    1.1 
Peru   23,031    0.2 
South Korea   296,654    2.3 
Spain   308,516    2.4 
Sweden   85,352    0.7 
Switzerland   423,816    3.3 
Taiwan   96,463    0.7 
United Kingdom   2,373,112    18.4 
United States   3,561,094    27.6 
Total Investments   16,310,968    126.2
Liabilities in Excess of Other Assets   (3,388,077)   (26.2)
Net Assets  $12,922,891    100.0%
           
   
1 Less than 0.05%

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

 

Schedule of Investments

OPPENHEIMER NAVELLIER OVERALL A-100 REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
COMMON STOCKS—99.9%        
Automobiles & Components—2.1%  
Cooper-Standard Holding, Inc.1   768   $   75,878
Drew Industries, Inc.   451   44,207
Superior Industries International, Inc.   942   27,469
Total Automobiles & Components     147,554
Banks—1.4%  
Chemical Financial Corp.   479   21,138
MBT Financial Corp.   1,655   14,978
QCR Holdings, Inc.2   518   16,442
Southern First Bancshares, Inc.1,2   531   14,645
WashingtonFirst Bankshares, Inc.   625   15,381
Waterstone Financial, Inc.   1,001   17,007
Total Banks     99,591
Capital Goods—9.1%  
BWX Technologies, Inc.   1,064   40,826
Insteel Industries, Inc.   631   22,867
John Bean Technologies Corp.2   567   40,002
Raytheon Co.   3,350   456,036
Supreme Industries, Inc., Class A   1,004   19,377
Universal Forest Products, Inc.   708   69,731
Total Capital Goods     648,839
Commercial & Professional Services—3.2%  
Cintas Corp.   931   104,830
Copart, Inc.1,2   735   39,367
Hudson Technologies, Inc.1,2   2,705   17,988
Insperity, Inc.   934   67,846
Total Commercial & Professional Services     230,031
Consumer Services—1.3%  
China Lodging Group Ltd.3   682   30,751
Tarena International, Inc.3   1,258   18,216
Vail Resorts, Inc.   273   42,828
Total Consumer Services     91,795
Diversified Financials—0.3%  
MarketAxess Holdings, Inc.   119   19,705
       
Food & Staples Retailing—6.8%  
Sysco Corp.   9,996   489,904
       
Food, Beverage & Tobacco—12.9%  
Fresh Del Monte Produce, Inc.   1,504   90,090
General Mills, Inc.   4,931   314,992
Primo Water Corp.1   1,441   17,479
Tyson Foods, Inc., Class A   6,767   505,292
Total Food, Beverage & Tobacco     927,853
       
    Shares   Value
Health Care Equipment & Services—5.7%  
Align Technology, Inc.1   340   $   31,875
Becton, Dickinson and Co.   1,387   249,286
Cantel Medical Corp.   327   25,499
CryoLife, Inc.   948   16,656
Healthways, Inc.1,2   1,034   27,360
Masimo Corp.1   442   26,295
Nevro Corp.1,2   178   18,581
OraSure Technologies, Inc.1   1,872   14,920
Total Health Care Equipment & Services     410,472
Household & Personal Products—14.5%  
Central Garden & Pet Co., Class A1   2,051   50,865
Kimberly-Clark Corp.   2,907   366,689
Procter & Gamble Co. (The)   5,629   505,203
Spectrum Brands Holdings, Inc.   837   115,246
Total Household & Personal Products     1,038,003
Insurance—0.6%  
Erie Indemnity Co., Class A   440   44,911
       
Materials—7.8%  
AngloGold Ashanti Ltd.1,3   5,427   86,398
Avery Dennison Corp.   1,631   126,875
Berry Plastics Group, Inc.1   2,862   125,499
Gold Fields Ltd.3   11,884   57,637
Trinseo SA   1,513   85,575
Worthington Industries, Inc.   1,588   76,272
Total Materials     558,256
Real Estate—7.1%  
American Homes 4 Rent, Class A   1,286   27,829
CareTrust REIT, Inc.   1,053   15,563
CoreSite Realty Corp.   279   20,657
DCT Industrial Trust, Inc.   441   21,411
Duke Realty Corp.   1,145   31,293
EastGroup Properties, Inc.2   263   19,346
Education Realty Trust, Inc.   437   18,852
First Industrial Realty Trust, Inc.   751   21,193
Highwoods Properties, Inc.   516   26,894
Kimco Realty Corp.   1,584   45,857
Monmouth Real Estate Investment Corp.   1,109   15,826
National Health Investors, Inc.   236   18,521
Piedmont Office Realty Trust, Inc., Class A   1,134   24,687
Prologis, Inc.   1,224   65,533
Ramco-Gershenson Properties Trust   1,043   19,546
Rexford Industrial Realty, Inc.   734   16,801
Tanger Factory Outlet Centers, Inc.   577   22,480

 

Schedule of Investments – concluded

OPPENHEIMER NAVELLIER OVERALL A-100 REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
UMH Properties, Inc.2   1,346   $   16,044
Urban Edge Properties   718   20,205
Washington Real Estate Investment Trust   635   19,761
Weingarten Realty Investors   612   23,856
Total Real Estate     512,155
Retailing—3.7%  
Children's Place, Inc. (The)2   565   45,127
Murphy USA, Inc.1   2,687   191,744
Ollie's Bargain Outlet Holdings, Inc.1   1,142   29,932
Total Retailing     266,803
Semiconductors & Semiconductor Equipment—5.4%  
Advanced Energy Industries, Inc.1   480   22,714
Alpha & Omega Semiconductor Ltd.1   923   20,047
Applied Materials, Inc.   6,574   198,206
NVIDIA Corp.2   1,837   125,871
Silicon Motion Technology Corp.3   448   23,202
Total Semiconductors & Semiconductor Equipment     390,040
Software & Services—6.6%  
Angie's List, Inc.1   2,040   20,217
Ebix, Inc.2   358   20,352
Fair Isaac Corp.   236   29,403
Gigamon, Inc.1,2   369   20,221
Jack Henry & Associates, Inc.   457   39,096
MeetMe, Inc.1,2   2,603   16,139
NetEase, Inc.3   429   103,295
Open Text Corp.   743   48,191
Science Applications International Corp.   1,462   101,419
Shutterstock, Inc.1,2   372   23,696
SINA Corp.1   405   29,901
Weibo Corp.1,3   488   24,468
Total Software & Services     476,398
Technology Hardware & Equipment—2.1%  
Dolby Laboratories, Inc., Class A   656   35,614
Fabrinet1   755   33,666
Oclaro, Inc.1   2,469   21,110
PCM, Inc.1   2,759   59,429
Total Technology Hardware & Equipment     149,819
Telecommunication Services—2.3%  
PT Telekomunikasi Indonesia Persero Tbk3   2,520   166,522
       
Transportation—0.8%  
Hawaiian Holdings, Inc.1   1,210   58,806
       
Utilities—6.2%  
CPFL Energia SA2,3   10,811   160,003
         
    Shares   Value
MDU Resources Group, Inc.   3,903   $   99,292
Ormat Technologies, Inc.   527   25,512
SJW Corp.2   467   20,399
Spark Energy, Inc., Class A2   709   20,653
UGI Corp.   2,634   119,162
Total Utilities     445,021
Total Common Stocks      
(Cost $6,896,956)     7,172,478
         
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—6.5%        
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.42% 4
(Cost $464,903)		   464,903   464,903
Total Investments—106.4%
(Cost $7,361,859)		       7,637,381
Liabilities in Excess of Other Assets—(6.4)%        (457,154)
Net Assets—100.0%       $   7,180,227
 
     
REIT - Real Estate Investment Trust
 
1 Non-income producing security.
2 All or a portion of the security was on loan. The aggregate value of the securities on loan was $624,482; total value of the collateral held by the fund was $642,600.  The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $177,697.
3 American Depositary Receipt.
4 Rate shown represents annualized 7-day yield as of September 30, 2016.

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

Schedule of Investments

OPPENHEIMER ULTRA DIVIDEND REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

 

    Shares   Value
COMMON STOCKS—99.6%        
Automobiles & Components—10.0%  
Ford Motor Co.   802,596   $   9,687,334
General Motors Co.   321,425   10,211,672
Total Automobiles & Components     19,899,006
Banks—0.8%  
New York Community Bancorp, Inc.1   19,419   276,333
PacWest Bancorp   9,343   400,908
People's United Financial, Inc.   34,038   538,481
Valley National Bancorp1   28,348   275,826
Total Banks     1,491,548
Commercial & Professional Services—2.3%  
R.R. Donnelley & Sons Co.2   292,316   4,595,207
       
Consumer Durables & Apparel—2.3%  
Garmin Ltd.   25,783   1,240,420
Mattel, Inc.   76,062   2,303,157
Tupperware Brands Corp.   14,707   961,397
Total Consumer Durables & Apparel     4,504,974
Diversified Financials—0.8%  
Navient Corp.   67,280   973,542
Waddell & Reed Financial, Inc., Class A   31,746   576,507
Total Diversified Financials     1,550,049
Energy—16.0%  
Chevron Corp.   97,131   9,996,723
Helmerich & Payne, Inc.1   13,236   890,783
HollyFrontier Corp.1   186,708   4,574,346
ONEOK, Inc.   68,257   3,507,727
Valero Energy Corp.   175,820   9,318,460
Western Refining, Inc.   128,924   3,411,329
Total Energy     31,699,368
Food, Beverage & Tobacco—0.8%  
Flowers Foods, Inc.1   105,466   1,594,646
       
Insurance—0.7%  
Mercury General Corp.   25,351   1,390,502
       
Materials—7.0%  
CF Industries Holdings, Inc.   68,523   1,668,535
Domtar Corp.   62,151   2,307,667
LyondellBasell Industries NV, Class A   123,919   9,995,306
Total Materials     13,971,508
Media—0.6%  
Time, Inc.1   88,426   1,280,408
       
    Shares   Value
Real Estate—5.9%  
Care Capital Properties, Inc.   4,949   $   141,046
Communications Sales & Leasing, Inc.   12,718   399,472
Corrections Corp. of America   47,592   660,101
EPR Properties   2,444   192,441
HCP, Inc.   29,406   1,115,958
Hospitality Properties Trust   29,380   873,174
Host Hotels & Resorts, Inc.   144,939   2,256,700
Iron Mountain, Inc.1   36,646   1,375,324
Lamar Advertising Co., Class A1   10,003   653,296
LaSalle Hotel Properties   21,126   504,278
Liberty Property Trust   8,217   331,556
Life Storage, Inc.   1,712   152,265
Medical Properties Trust, Inc.   14,823   218,936
Omega Healthcare Investors, Inc.1   10,196   361,448
Senior Housing Properties Trust   20,043   455,177
Washington Prime Group, Inc.   29,435   364,405
Welltower, Inc.   23,075   1,725,318
Total Real Estate     11,780,895
Retailing—16.8%  
Abercrombie & Fitch Co., Class A1   85,134   1,352,779
GameStop Corp., Class A1   146,382   4,038,679
Guess?, Inc.1   61,710   901,583
Kohl's Corp.1   186,149   8,144,019
Macy's, Inc.   275,552   10,209,202
Staples, Inc.   1,012,418   8,656,174
Total Retailing     33,302,436
Technology Hardware & Equipment—3.1%  
Diebold, Inc.   40,084   993,682
Seagate Technology PLC1   133,194   5,134,629
Total Technology Hardware & Equipment     6,128,311
Telecommunication Services—15.2%  
AT&T, Inc.   245,078   9,952,618
CenturyLink, Inc.   276,812   7,592,953
Frontier Communications Corp.1   648,770   2,698,883
Verizon Communications, Inc.   189,398   9,844,908
Total Telecommunication Services     30,089,362
Utilities—17.3%  
CenterPoint Energy, Inc.   127,325   2,957,760
Duke Energy Corp.   117,838   9,431,754
Entergy Corp.   58,647   4,499,984
FirstEnergy Corp.   185,558   6,138,259
Hawaiian Electric Industries, Inc.   34,197   1,020,780
PPL Corp.   88,163   3,047,795
Southern Co. (The)   141,890   7,278,957
Total Utilities     $   34,375,289

 

Schedule of Investments - concluded

OPPENHEIMER ULTRA DIVIDEND REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
         
Total Common Stocks      
(Cost $192,968,457)     $ 197,653,509
         
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—4.6%        
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.42% 3
(Cost $9,067,118)		   9,067,118   9,067,118
Total Investments—104.2%
(Cost $202,035,575)		       206,720,627
Liabilities in Excess of Other Assets—(4.2)%        (8,256,789)
Net Assets—100.0%       $   198,463,838
 
     
PLC - Public Limited Company
 
1 All or a portion of the security was on loan. The aggregate value of the securities on loan was $23,758,872; total value of the collateral held by the fund was $24,109,801.  The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $15,042,683.
2 Non-income producing security.
3 Rate shown represents annualized 7-day yield as of September 30, 2016.

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

Schedule of Investments

OPPENHEIMER GLOBAL GROWTH REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
COMMON STOCKS—97.7%        
Automobiles & Components—4.9%  
Honda Motor Co. Ltd.   867   $   24,722
Kia Motors Corp.   480   18,370
Nissan Motor Co. Ltd.   2,156   20,923
Toyota Motor Corp.   856   48,850
Total Automobiles & Components     112,865
Banks—5.1%  
Danske Bank A/S   474   13,835
DNB ASA   934   12,236
Komercni banka AS   513   17,757
Moneta Money Bank AS1,2   2,144   6,830
OTP Bank PLC   1,790   46,862
Standard Bank Group Ltd.   1,853   18,956
Total Banks     116,476
Capital Goods—13.1%  
ABB Ltd.1,3   839   18,886
Bidvest Group Ltd. (The)   3,104   36,473
CK Hutchison Holdings Ltd.   2,504   31,833
Fosun International Ltd.   7,754   11,637
Hanwha Corp.   510   16,230
Hyundai Heavy Industries Co. Ltd.1   127   15,913
Jardine Matheson Holdings Ltd.   545   33,032
Jardine Strategic Holdings Ltd.   797   26,062
Noble Group Ltd.1   488,580   54,468
SK Holdings Co. Ltd.   113   21,751
Toyota Tsusho Corp.   618   14,226
Vestas Wind Systems A/S   241   19,841
Total Capital Goods     300,352
Commercial & Professional Services—1.6%  
Adecco Group AG   239   13,486
ISS A/S   574   23,832
Total Commercial & Professional Services     37,318
Consumer Durables & Apparel—3.1%  
LG Electronics, Inc.   442   19,223
Li & Fung Ltd.   31,988   16,374
Pegas Nonwovens SA   111   3,626
Steinhoff International Holdings NV   5,758   32,891
Total Consumer Durables & Apparel     72,114
Diversified Financials—1.9%  
Aker ASA, Class A   439   15,105
Fubon Financial Holding Co. Ltd.   9,287   13,718
UBS Group AG   1,088   14,848
Total Diversified Financials     43,671
       
    Shares   Value
Energy—12.7%  
Formosa Petrochemical Corp.   3,863   $   11,609
JX Holdings, Inc.   3,828   15,389
MOL Hungarian Oil & Gas PLC   1,815   111,995
Sasol Ltd.3,4   992   27,101
SK Innovation Co. Ltd.   121   17,743
Statoil ASA   5,968   99,986
Subsea 7 SA1   750   8,052
Total Energy     291,875
Food & Staples Retailing—2.9%  
AEON Co. Ltd.   1,032   15,174
Bid Corp. Ltd.   1,083   20,410
Dairy Farm International Holdings Ltd.   1,373   9,748
Shoprite Holdings Ltd.   1,577   21,949
Total Food & Staples Retailing     67,281
Food, Beverage & Tobacco—3.8%  
Carlsberg A/S, Class B   204   19,458
Nestle SA3   622   49,150
Orkla ASA   928   9,591
Philip Morris CR AS   17   8,767
Total Food, Beverage & Tobacco     86,966
Insurance—5.5%  
AIA Group Ltd.   3,063   20,358
Cathay Financial Holding Co. Ltd.   13,311   17,029
Japan Post Holdings Co. Ltd.   1,943   24,234
Storebrand ASA1   1,908   9,430
Swiss Re AG   242   21,881
Zurich Insurance Group AG1   124   31,978
Total Insurance     124,910
Materials—6.6%  
LafargeHolcim Ltd.1   313   16,951
Mondi Ltd.   814   17,082
Norsk Hydro ASA   4,874   21,009
POSCO   96   19,787
Unipetrol AS   7,109   53,631
Yara International ASA   708   23,528
Total Materials     151,988
Media—0.7%  
Naspers Ltd., Class N   86   14,854
       
Pharmaceuticals, Biotechnology & Life Sciences—4.7%  
Novartis AG3   339   26,767
Novo Nordisk A/S, Class B   719   29,884
Richter Gedeon Nyrt   1,136   23,008
Roche Holding AG   116   28,839
Total Pharmaceuticals, Biotechnology & Life Sciences     $   108,498

 

Schedule of Investments - continued

OPPENHEIMER GLOBAL GROWTH REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

    Shares   Value
Real Estate—0.5%  
Sun Hung KAI Properties Ltd.   722   $ 10,901
       
Retailing—0.9%  
Imperial Holdings Ltd.   1,599   19,432
       
Semiconductors & Semiconductor Equipment—0.8%  
Taiwan Semiconductor Manufacturing Co. Ltd.   3,018   17,571
       
Software & Services—0.3%  
Atea ASA1   719   7,287
       
Technology Hardware & Equipment—10.3%  
Compal Electronics, Inc.   26,881   16,594
Hitachi Ltd.   3,838   17,760
Hon Hai Precision Industry Co. Ltd.   35,387   89,186
Pegatron Corp.   10,043   25,824
Quanta Computer, Inc.   10,053   20,975
Samsung Electronics Co. Ltd.   29   42,078
Wistron Corp.   17,449   12,970
WPG Holdings Ltd.   9,179   10,864
Total Technology Hardware & Equipment     236,251
Telecommunication Services—7.2%  
Magyar Telekom Telecommunications PLC   25,032   40,959
MTN Group Ltd.   3,045   26,010
Nippon Telegraph & Telephone Corp.   469   21,369
O2 Czech Republic AS   2,335   22,694
SoftBank Group Corp.   254   16,359
TDC A/S1   1,176   6,918
Telenor ASA   1,797   30,827
Total Telecommunication Services     165,136
Transportation—4.3%  
AP Moeller - Maersk A/S, Class A   25   35,089
AP Moeller - Maersk A/S, Class B   24   35,207
Cathay Pacific Airways Ltd.   7,982   11,115
DSV A/S   353   17,581
Total Transportation     98,992
Utilities—6.8%  
CEZ AS   6,368   113,508
DONG Energy A/S1,2   513   21,291
Korea Electric Power Corp.   405   19,858
Total Utilities     154,657
Total Common Stocks      
(Cost $2,179,869)     2,239,395
       
    Shares   Value
PREFERRED STOCKS—1.9%  
Technology Hardware & Equipment—1.9%  
Samsung Electronics Co. Ltd., Class Preference        
(Cost $41,497)   36   $   42,166
Total Investments—99.6%
(Cost $2,221,366)		       2,281,561
Other Assets in Excess of Liabilities—0.4%        10,306
Net Assets—100.0%       $   2,291,867
 
     
PLC - Public Limited Company
 
1 Non-income producing security.
2 Security was purchased pursuant to rule 144a under the Securities Act of 1933 and may not be resold subject to that rule except to qualified institutional buyers.
3 American Depositary Receipt.
4 All or a portion of the security was on loan. The aggregate value of the security on loan was $26,555; total value of the collateral held by the fund was $27,089.  The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $27,089.

 

Schedule of Investments - concluded

OPPENHEIMER GLOBAL GROWTH REVENUE ETF
SEPTEMBER 30, 2016 (UNAUDITED)

Country  Value  % of Net Assets
Czech Republic  $226,813    9.9%
Denmark   222,936    9.7 
Hong Kong   225,528    9.8 
Hungary   222,824    9.7 
Japan   219,006    9.6 
Netherlands   32,891    1.5 
Norway   228,999    10.0 
South Africa   202,267    8.8 
South Korea   233,119    10.2 
Switzerland   222,786    9.7 
Taiwan   236,340    10.3 
United Kingdom   8,052    0.4 
Total Investments   2,281,561    99.6
Other Assets in Excess of Liabilities   10,306    0.4
Net Assets  $2,291,867    100.0%

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

 

ORGANIZATION

The Oppenheimer Revenue Weighted ETF Trust (the “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 Funds are investment companies and accordingly follow the Investment Company accounting and reporting guidance of the Financial Accounting Standards Board (“FASB”) Accounting Standards Codification Topic 946 Financial Services Investment Companies. The Oppenheimer Large Cap Revenue ETF, the Oppenheimer Mid Cap Revenue ETF, the Oppenheimer Small Cap Revenue ETF and the Oppenheimer Global Growth Revenue ETF are diversified funds under the Act. The Oppenheimer Financials Sector Revenue ETF, the Oppenheimer ADR Revenue ETF, the Oppenheimer Navellier Overall A-100 Revenue ETF and the Oppenheimer Ultra Dividend Revenue ETF are not diversified. Each Fund’s investment objective is to outperform the total return performance of the Fund’s corresponding benchmark index (each a “Benchmark Index” and, collectively, the “Benchmark Indexes”).

 

SECURITIES VALUATION

 

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.

 

Valuation Methods and Inputs. 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.

 

Short-term money market type debt securities with a remaining maturity of sixty days or less are valued at cost adjusted by the amortization of discount or premium to maturity (amortized cost), which approximates fair value.

 

The authoritative guidance for fair value measurements and disclosures, Accounting Standards Codification™ Topic 820 (“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 September 30, 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   $ 395,600,730   $ –   $ 7,920,361   $ –   $ –   $ 403,521,091
Oppenheimer Mid Cap Revenue ETF   197,907,667   –   28,429,314   –   –   226,336,981
Oppenheimer Small Cap Revenue ETF   322,781,062   –   26,471,803   –   –   349,252,865
Oppenheimer Financials Sector Revenue ETF   19,276,465   –   189,923   –   –   19,466,388
Oppenheimer ADR Revenue ETF   12,640,896   219,103   3,450,969   –   –   16,310,968
Oppenheimer Navellier Overall A-100 Revenue ETF   7,172,478   –   464,903   –   –   7,637,381
Oppenheimer Ultra Dividend Revenue ETF   197,653,509   –   9,067,118   –   –   206,720,627
Oppenheimer Global Growth Revenue ETF   2,239,395   42,166   –   –   –   2,281,561

 

At September 30, 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 September 30, 2016, there were no transfers between levels.

 

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 September 30, 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 $351,774,482 $58,838,069 $(7,091,460) $51,746,609
Oppenheimer Mid Cap Revenue ETF 214,239,620  26,242,431   (14,145,070) 12,097,361
Oppenheimer Small Cap Revenue ETF  322,362,240  51,320,878  (24,430,253)  26,890,625
Oppenheimer Financials Sector Revenue ETF  17,704,402  2,292,796  (530,810)  1,761,986
Oppenheimer ADR Revenue ETF  18,508,076  1,076,557  (3,273,665)  (2,197,108)
Oppenheimer Navellier Overall A-100 Revenue ETF  7,362,112  319,723  (44,454)  275,269
Oppenheimer Ultra Dividend Revenue ETF  204,541,404  7,280,915  (5,101,692)  2,179,223
Oppenheimer Global Growth Revenue ETF 2,233,691 81,534  (21,366) 60,168

 

 

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     11/21/2016  

 

 

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     11/21/2016  

 

 

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

 

 

Date     11/21/2016  

 

 

 

 

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