N-Q 1 e74127nq.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: March 31, 2017

 

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, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. § 3507.

 

Item 1. Schedule of Investments.

The Schedule(s) of Investments is attached herewith.

 

Schedule of Investments
OPPENHEIMER LARGE CAP REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

   Shares  Value
COMMON STOCKS—99.7%      
Automobiles & Components—3.2%     
BorgWarner, Inc.   11,730   $490,197 
Delphi Automotive PLC   11,426    919,679 
Ford Motor Co.   675,340    7,860,958 
General Motors Co.   253,653    8,969,170 
Goodyear Tire & Rubber Co. (The)   23,244    836,784 
Harley-Davidson, Inc.   5,423    328,091 
Total Automobiles & Components        19,404,879 
Banks—4.3%     
Bank of America Corp.   209,941    4,952,508 
BB&T Corp.   13,787    616,279 
Citigroup, Inc.   76,395    4,569,949 
Citizens Financial Group, Inc.   8,776    303,211 
Comerica, Inc.   2,327    159,586 
Fifth Third Bancorp   14,011    355,879 
Huntington Bancshares, Inc.   15,367    205,764 
JPMorgan Chase & Co.   65,046    5,713,641 
KeyCorp   16,505    293,459 
M&T Bank Corp.   1,968    304,509 
People's United Financial, Inc.   4,398    80,043 
PNC Financial Services Group, Inc. (The)   7,376    886,890 
Regions Financial Corp.   22,157    321,941 
SunTrust Banks, Inc.   8,819    487,691 
U.S. Bancorp   23,344    1,202,216 
Wells Fargo & Co.   89,065    4,957,358 
Zions Bancorporation1   3,145    132,090 
Total Banks        25,543,014 
Capital Goods—8.0%     
3M Co.   8,938    1,710,107 
Acuity Brands, Inc.1   923    188,292 
Allegion PLC   1,679    127,100 
AMETEK, Inc.   4,007    216,699 
Arconic, Inc.   25,899    682,180 
Boeing Co. (The)   30,003    5,306,331 
Caterpillar, Inc.   23,436    2,173,923 
Cummins, Inc.   6,435    972,972 
Deere & Co.   13,553    1,475,380 
Dover Corp.   4,833    388,332 
Eaton Corp. PLC   15,200    1,127,080 
Emerson Electric Co.   16,636    995,831 
Fastenal Co.   4,362    224,643 
Flowserve Corp.1   4,801    232,464 
Fluor Corp.   19,907    1,047,506 
Fortive Corp.   5,903    355,479 
           
    Shares    Value 
Fortune Brands Home & Security, Inc.   4,613   $280,701 
General Dynamics Corp.   9,292    1,739,462 
General Electric Co.   227,003    6,764,689 
Honeywell International, Inc.   17,562    2,192,967 
Illinois Tool Works, Inc.   5,714    756,934 
Ingersoll-Rand PLC   9,470    770,100 
Jacobs Engineering Group, Inc.   10,782    596,029 
Johnson Controls International PLC   48,430    2,039,872 
L3 Technologies, Inc.   3,534    584,135 
Lockheed Martin Corp.   9,955    2,663,958 
Masco Corp.   11,993    407,642 
Northrop Grumman Corp.   5,759    1,369,721 
PACCAR, Inc.   13,964    938,381 
Parker-Hannifin Corp.   3,998    640,959 
Pentair PLC   4,415    277,174 
Quanta Services, Inc.2   11,528    427,804 
Raytheon Co.   8,852    1,349,930 
Rockwell Automation, Inc.   2,157    335,866 
Rockwell Collins, Inc.   3,039    295,269 
Roper Technologies, Inc.   1,016    209,794 
Snap-on, Inc.   1,215    204,934 
Stanley Black & Decker, Inc.   4,915    653,056 
Textron, Inc.   16,336    777,430 
TransDigm Group, Inc.1   781    171,945 
United Rentals, Inc.2   2,601    325,255 
United Technologies Corp.   28,857    3,238,044 
W.W. Grainger, Inc.1   2,337    543,960 
Xylem, Inc.   4,362    219,060 
Total Capital Goods        47,999,390 
Commercial & Professional Services—0.5%     
Cintas Corp.   2,400    303,696 
Dun & Bradstreet Corp. (The)   889    95,959 
Equifax, Inc.   1,316    179,950 
Nielsen Holdings PLC   8,088    334,115 
Republic Services, Inc.   8,411    528,295 
Robert Half International, Inc.   6,006    293,273 
Stericycle, Inc.1,2   2,416    200,262 
Verisk Analytics, Inc.2   1,398    113,434 
Waste Management, Inc.   10,512    766,535 
Total Commercial & Professional Services        2,815,519 
Consumer Durables & Apparel—1.6%     
Coach, Inc.   6,475    267,612 
D.R. Horton, Inc.   21,122    703,574 
Garmin Ltd.1   3,253    166,261 
Hanesbrands, Inc.1   16,644    345,529 

 

 

    Shares    Value 
Hasbro, Inc.   2,860   $285,485 
Leggett & Platt, Inc.   4,214    212,049 
Lennar Corp., Class A   11,685    598,155 
Mattel, Inc.   12,122    310,444 
Michael Kors Holdings Ltd.2   6,919    263,683 
Mohawk Industries, Inc.2   2,184    501,206 
Newell Brands, Inc.   15,460    729,248 
NIKE, Inc., Class B   32,856    1,831,065 
PulteGroup, Inc.   18,196    428,516 
PVH Corp.   4,940    511,142 
Ralph Lauren Corp.   4,861    396,755 
Under Armour, Inc., Class A1,2   6,937    137,214 
Under Armour, Inc., Class C1,2   7,527    137,744 
VF Corp.1   12,535    689,049 
Whirlpool Corp.   6,776    1,160,932 
Total Consumer Durables & Apparel        9,675,663 
Consumer Services—1.2%     
Carnival Corp.   16,089    947,803 
Chipotle Mexican Grill, Inc., Class A1,2   560    249,491 
Darden Restaurants, Inc.   5,235    438,012 
H&R Block, Inc.   7,051    163,936 
Marriott International, Inc., Class A   10,919    1,028,351 
McDonald's Corp.   10,867    1,408,472 
Royal Caribbean Cruises Ltd.   4,957    486,331 
Starbucks Corp.   22,277    1,300,754 
Wyndham Worldwide Corp.   3,758    316,762 
Wynn Resorts Ltd.1   2,362    270,709 
Yum! Brands, Inc.   5,642    360,524 
Total Consumer Services        6,971,145 
Diversified Financials—4.7%     
Affiliated Managers Group, Inc.   745    122,135 
American Express Co.   23,956    1,895,159 
Ameriprise Financial, Inc.   4,915    637,377 
Bank of New York Mellon Corp. (The)   18,270    862,892 
Berkshire Hathaway, Inc., Class B2   72,558    12,093,967 
BlackRock, Inc.   1,615    619,369 
Capital One Financial Corp.   17,313    1,500,345 
CBOE Holdings, Inc.   465    37,698 
Charles Schwab Corp. (The)   9,896    403,856 
CME Group, Inc.   1,689    200,653 
Discover Financial Services   8,368    572,288 
E*TRADE Financial Corp.2   3,199    111,613 
Franklin Resources, Inc.   8,229    346,770 
Goldman Sachs Group, Inc. (The)   8,600    1,975,592 
Intercontinental Exchange, Inc.   5,466    327,249 
           
    Shares    Value 
Invesco Ltd.   8,188   $250,798 
Leucadia National Corp.   23,034    598,884 
Moody's Corp.   1,793    200,888 
Morgan Stanley   46,343    1,985,334 
Nasdaq, Inc.   2,938    204,044 
Navient Corp.   18,507    273,163 
Northern Trust Corp.   3,226    279,307 
Raymond James Financial, Inc.   4,175    318,386 
S&P Global, Inc.   2,422    316,652 
State Street Corp.   7,424    591,025 
Synchrony Financial   24,045    824,744 
T. Rowe Price Group, Inc.1   3,323    226,462 
Total Diversified Financials        27,776,650 
Energy—6.9%     
Anadarko Petroleum Corp.   7,526    466,612 
Apache Corp.1   5,923    304,383 
Baker Hughes, Inc.   9,536    570,444 
Cabot Oil & Gas Corp.   2,928    70,009 
Chesapeake Energy Corp.1,2   81,763    485,672 
Chevron Corp.   54,077    5,806,248 
Cimarex Energy Co.   584    69,782 
Concho Resources, Inc.2   710    91,121 
ConocoPhillips   29,178    1,455,107 
Devon Energy Corp.   14,289    596,137 
EOG Resources, Inc.   4,333    422,684 
EQT Corp.   1,578    96,416 
Exxon Mobil Corp.   135,923    11,147,045 
Halliburton Co.   17,617    866,933 
Helmerich & Payne, Inc.1   1,246    82,946 
Hess Corp.1   5,541    267,132 
Kinder Morgan, Inc.   34,213    743,791 
Marathon Oil Corp.   14,645    231,391 
Marathon Petroleum Corp.   61,610    3,113,769 
Murphy Oil Corp.1   3,761    107,527 
National Oilwell Varco, Inc.1   10,470    419,742 
Newfield Exploration Co.2   2,388    88,141 
Noble Energy, Inc.   5,648    193,952 
Occidental Petroleum Corp.   8,923    565,361 
ONEOK, Inc.1   9,477    525,405 
Phillips 66   50,219    3,978,349 
Pioneer Natural Resources Co.   1,219    227,014 
Range Resources Corp.   2,247    65,388 
Schlumberger Ltd.   19,712    1,539,507 
Southwestern Energy Co.1,2   17,812    145,524 
TechnipFMC PLC2   14,804    481,130 

 

 

    Shares    Value 
Tesoro Corp.   15,917   $1,290,232 
Transocean Ltd.1,2   18,743    233,350 
Valero Energy Corp.   57,792    3,831,032 
Williams Cos., Inc. (The)   14,792    437,695 
Total Energy        41,016,971 
Food & Staples Retailing—10.3%     
Costco Wholesale Corp.   40,425    6,778,868 
CVS Health Corp.   126,089    9,897,986 
Kroger Co. (The)   219,031    6,459,224 
Sysco Corp.   57,192    2,969,409 
Walgreens Boots Alliance, Inc.   77,000    6,394,850 
Wal-Mart Stores, Inc.   388,112    27,975,113 
Whole Foods Market, Inc.   30,297    900,427 
Total Food & Staples Retailing        61,375,877 
Food, Beverage & Tobacco—3.9%     
Altria Group, Inc.   14,511    1,036,376 
Archer-Daniels-Midland Co.   78,500    3,614,140 
Brown-Forman Corp., Class B1   3,666    169,296 
Campbell Soup Co.   7,637    437,142 
Coca-Cola Co. (The)   55,958    2,374,858 
Conagra Brands, Inc.   13,256    534,747 
Constellation Brands, Inc., Class A   2,529    409,875 
Dr Pepper Snapple Group, Inc.   3,769    369,061 
General Mills, Inc.   14,807    873,761 
Hershey Co. (The)   3,841    419,629 
Hormel Foods Corp.   15,376    532,471 
JM Smucker Co. (The)   3,061    401,236 
Kellogg Co.   9,804    711,868 
Kraft Heinz Co. (The)   16,124    1,464,220 
McCormick & Co., Inc.   2,454    239,388 
Mead Johnson Nutrition Co., Class A   2,407    214,416 
Molson Coors Brewing Co., Class B   2,803    268,275 
Mondelez International, Inc., Class A   32,621    1,405,313 
Monster Beverage Corp.2   3,667    169,305 
PepsiCo, Inc.   31,905    3,568,893 
Philip Morris International, Inc.   13,406    1,513,537 
Reynolds American, Inc.   11,522    726,116 
Tyson Foods, Inc., Class A   33,618    2,074,567 
Total Food, Beverage & Tobacco        23,528,490 
Health Care Equipment & Services—12.1%     
Abbott Laboratories   26,191    1,163,142 
Aetna, Inc.   26,809    3,419,488 
AmerisourceBergen Corp.   95,140    8,419,890 
Anthem, Inc.   28,458    4,706,384 
Baxter International, Inc.   11,162    578,861 
           
    Shares    Value 
Becton Dickinson and Co.   3,873   $710,463 
Boston Scientific Corp.2   19,507    485,139 
C.R. Bard, Inc.   840    208,774 
Cardinal Health, Inc.   86,753    7,074,707 
Centene Corp.2   33,264    2,370,393 
Cerner Corp.1,2   4,809    283,010 
Cigna Corp.   14,758    2,161,899 
Cooper Cos., Inc. (The)   573    114,537 
Danaher Corp.   11,052    945,278 
DaVita, Inc.2   12,294    835,623 
DENTSPLY SIRONA, Inc.   3,351    209,237 
Edwards Lifesciences Corp.2   1,800    169,326 
Envision Healthcare Corp.2   3,247    199,106 
Express Scripts Holding Co.2   87,333    5,756,118 
HCA Holdings, Inc.2   27,810    2,474,812 
Henry Schein, Inc.2   3,822    649,625 
Hologic, Inc.2   3,812    162,201 
Humana, Inc.   14,157    2,918,324 
IDEXX Laboratories, Inc.2   665    102,816 
Intuitive Surgical, Inc.2   209    160,192 
Laboratory Corp. of America Holdings2   3,774    541,456 
McKesson Corp.   74,564    11,054,859 
Medtronic PLC   20,023    1,613,053 
Patterson Cos., Inc.   6,949    314,303 
Quest Diagnostics, Inc.   4,297    421,922 
Stryker Corp.   4,862    640,082 
UnitedHealth Group, Inc.   60,940    9,994,769 
Universal Health Services, Inc., Class B   4,564    567,990 
Varian Medical Systems, Inc.2   2,026    184,629 
Zimmer Biomet Holdings, Inc.   3,628    443,015 
Total Health Care Equipment & Services        72,055,423 
Household & Personal Products—1.2%     
Church & Dwight Co., Inc.   3,939    196,438 
Clorox Co. (The)   2,403    323,996 
Colgate-Palmolive Co.   11,615    850,102 
Coty, Inc., Class A   15,773    285,964 
Estee Lauder Cos., Inc., (The), Class A   7,509    636,688 
Kimberly-Clark Corp.   7,644    1,006,180 
Procter & Gamble Co. (The)   40,301    3,621,045 
Total Household & Personal Products        6,920,413 
Insurance—4.2%     
Aflac, Inc.   17,596    1,274,302 
Allstate Corp. (The)   24,615    2,005,876 
American International Group, Inc.   48,089    3,002,196 
Aon PLC   5,506    653,507 

 

 

    Shares    Value 
Arthur J. Gallagher & Co.   5,556   $314,136 
Assurant, Inc.   3,990    381,723 
Chubb Ltd.   12,947    1,764,029 
Cincinnati Financial Corp.   4,120    297,752 
Hartford Financial Services Group, Inc. (The)   21,018    1,010,335 
Lincoln National Corp.   10,859    710,722 
Loews Corp.   15,626    730,828 
Marsh & McLennan Cos., Inc.   9,984    737,718 
MetLife, Inc.   65,988    3,485,486 
Principal Financial Group, Inc.1   10,904    688,151 
Progressive Corp. (The)   33,047    1,294,782 
Prudential Financial, Inc.   29,767    3,175,544 
Torchmark Corp.   2,824    217,561 
Travelers Cos., Inc. (The)   12,649    1,524,711 
Unum Group   12,911    605,397 
Willis Towers Watson PLC   3,439    450,131 
XL Group Ltd.   14,816    590,566 
Total Insurance        24,915,453 
Materials—2.9%     
Air Products & Chemicals, Inc.   3,703    500,979 
Albemarle Corp.   1,457    153,917 
Avery Dennison Corp.   4,306    347,064 
Ball Corp.1   6,841    508,013 
CF Industries Holdings, Inc.1   7,246    212,670 
Dow Chemical Co. (The)   42,589    2,706,105 
E.I. du Pont de Nemours & Co.   17,344    1,393,243 
Eastman Chemical Co.   6,445    520,756 
Ecolab, Inc.   5,937    744,144 
FMC Corp.   3,074    213,920 
Freeport-McMoRan, Inc.1,2   65,323    872,715 
International Flavors & Fragrances, Inc.   1,365    180,903 
International Paper Co.   23,130    1,174,541 
LyondellBasell Industries NV, Class A   18,242    1,663,488 
Martin Marietta Materials, Inc.   1,025    223,706 
Monsanto Co.   6,997    792,060 
Mosaic Co. (The)   13,950    407,061 
Newmont Mining Corp.   11,551    380,721 
Nucor Corp.   14,162    845,755 
PPG Industries, Inc.   8,037    844,528 
Praxair, Inc.   5,073    601,658 
Sealed Air Corp.   8,343    363,588 
Sherwin-Williams Co. (The)   2,151    667,219 
Vulcan Materials Co.   1,745    210,238 
WestRock Co.   15,231    792,469 
Total Materials        17,321,461 
           
    Shares    Value 
Media—2.9%     
CBS Corp., Class B   11,047   $766,220 
Charter Communications, Inc., Class A2   5,052    1,653,621 
Comcast Corp., Class A   120,507    4,529,858 
Discovery Communications, Inc., Class A1,2   6,518    189,609 
Discovery Communications, Inc., Class C2   6,697    189,592 
DISH Network Corp., Class A1,2   13,506    857,496 
Interpublic Group of Cos., Inc. (The)   18,008    442,457 
News Corp., Class A   18,315    238,095 
News Corp., Class B   17,947    242,284 
Omnicom Group, Inc.   10,257    884,256 
Scripps Networks Interactive, Inc., Class A   2,415    189,263 
TEGNA, Inc.   7,251    185,771 
Time Warner, Inc.   16,813    1,642,798 
Twenty-First Century Fox, Inc., Class A   25,761    834,399 
Twenty-First Century Fox, Inc., Class B   26,239    833,875 
Viacom, Inc., Class B   16,213    755,850 
Walt Disney Co. (The)   27,884    3,161,767 
Total Media        17,597,211 
Pharmaceuticals, Biotechnology & Life Sciences—3.6%     
AbbVie, Inc.   21,971    1,431,630 
Agilent Technologies, Inc.   4,475    236,593 
Alexion Pharmaceuticals, Inc.2   1,405    170,342 
Allergan PLC   3,435    820,690 
Amgen, Inc.   7,143    1,171,952 
Biogen, Inc.2   2,319    634,061 
Bristol-Myers Squibb Co.   19,170    1,042,465 
Celgene Corp.2   5,007    623,021 
Eli Lilly & Co.   14,090    1,185,110 
Gilead Sciences, Inc.   25,016    1,699,087 
Illumina, Inc.2   849    144,873 
Incyte Corp.2   420    56,142 
Johnson & Johnson   31,608    3,936,776 
Mallinckrodt PLC2   4,017    179,038 
Merck & Co., Inc.   35,031    2,225,870 
Mettler-Toledo International, Inc.2   295    141,279 
Mylan NV2   14,726    574,167 
PerkinElmer, Inc.   2,131    123,726 
Perrigo Co. PLC1   4,592    304,863 
Pfizer, Inc.   86,656    2,964,502 
Regeneron Pharmaceuticals, Inc.2   700    271,257 
Thermo Fisher Scientific, Inc.   6,534    1,003,622 
Vertex Pharmaceuticals, Inc.2   1,041    113,833 
Waters Corp.2   784    122,547 

 

 

    Shares    Value 
Zoetis, Inc.   5,101   $272,240 
Total Pharmaceuticals, Biotechnology & Life Sciences        21,449,686 
Real Estate—0.9%     
Alexandria Real Estate Equities, Inc.   472    52,165 
American Tower Corp.   2,841    345,295 
Apartment Investment & Management Co., Class A   1,262    55,970 
AvalonBay Communities, Inc.   647    118,789 
Boston Properties, Inc.   1,094    144,857 
CBRE Group, Inc., Class A2   20,394    709,507 
Crown Castle International Corp.   2,449    231,308 
Digital Realty Trust, Inc.1   1,173    124,796 
Equinix, Inc.   539    215,799 
Equity Residential   2,203    137,071 
Essex Property Trust, Inc.   330    76,405 
Extra Space Storage, Inc.1   818    60,851 
Federal Realty Investment Trust   339    45,257 
GGP, Inc.   6,481    150,230 
HCP, Inc.   4,032    126,121 
Host Hotels & Resorts, Inc.   16,871    314,813 
Iron Mountain, Inc.1   5,715    203,854 
Kimco Realty Corp.   3,518    77,713 
Macerich Co. (The)   951    61,244 
Mid-America Apartment Communities, Inc.   626    63,689 
Prologis, Inc.   3,060    158,753 
Public Storage   686    150,172 
Realty Income Corp.   1,055    62,804 
Regency Centers Corp.   572    37,975 
Simon Property Group, Inc.   1,928    331,674 
SL Green Realty Corp.   981    104,594 
UDR, Inc.   1,586    57,508 
Ventas, Inc.   3,217    209,234 
Vornado Realty Trust   1,443    144,747 
Welltower, Inc.   3,583    253,748 
Weyerhaeuser Co.   10,651    361,921 
Total Real Estate        5,188,864 
Retailing—7.2%     
Advance Auto Parts, Inc.   3,522    522,172 
Amazon.com, Inc.2   8,997    7,976,200 
AutoNation, Inc.1,2   26,986    1,141,238 
AutoZone, Inc.2   847    612,423 
Bed Bath & Beyond, Inc.1   17,229    679,856 
Best Buy Co., Inc.1   50,048    2,459,859 
CarMax, Inc.1,2   14,499    858,631 
Dollar General Corp.   16,422    1,145,106 
           
    Shares    Value 
Dollar Tree, Inc.2   15,286   $1,199,340 
Expedia, Inc.   3,788    477,932 
Foot Locker, Inc.   5,708    427,015 
Gap, Inc. (The)   36,497    886,512 
Genuine Parts Co.   9,188    849,063 
Home Depot, Inc. (The)   35,439    5,203,508 
Kohl's Corp.   26,358    1,049,312 
L Brands, Inc.   14,020    660,342 
LKQ Corp.2   15,950    466,856 
Lowe's Cos., Inc.   42,382    3,484,224 
Macy's, Inc.   48,558    1,439,259 
Netflix, Inc.2   3,454    510,536 
Nordstrom, Inc.1   18,709    871,278 
O'Reilly Automotive, Inc.2   1,777    479,506 
Priceline Group, Inc. (The)2   340    605,190 
Ross Stores, Inc.   10,573    696,444 
Signet Jewelers Ltd.   5,389    373,296 
Staples, Inc.   121,957    1,069,563 
Target Corp.   72,921    4,024,510 
Tiffany & Co.1   2,503    238,536 
TJX Cos., Inc. (The)   23,295    1,842,169 
Tractor Supply Co.   5,322    367,058 
TripAdvisor, Inc.1,2   1,937    83,601 
Ulta Beauty, Inc.2   894    254,996 
Total Retailing        42,955,531 
Semiconductors & Semiconductor Equipment—1.6%     
Advanced Micro Devices, Inc.1,2   18,030    262,337 
Analog Devices, Inc.   2,337    191,517 
Applied Materials, Inc.   15,656    609,018 
Broadcom Ltd.   3,365    736,800 
Intel Corp.   95,419    3,441,763 
KLA-Tencor Corp.   1,953    185,672 
Lam Research Corp.   2,863    367,495 
Microchip Technology, Inc.1   2,335    172,276 
Micron Technology, Inc.2   28,179    814,373 
NVIDIA Corp.   3,329    362,628 
Qorvo, Inc.1,2   2,484    170,303 
QUALCOMM, Inc.   23,044    1,321,343 
Skyworks Solutions, Inc.1   1,885    184,692 
Texas Instruments, Inc.   9,239    744,294 
Xilinx, Inc.   2,169    125,564 
Total Semiconductors & Semiconductor Equipment        9,690,075 
Software & Services—5.0%     
Accenture PLC, Class A   16,070    1,926,472 
Activision Blizzard, Inc.   7,605    379,185 

 

 

    Shares    Value 
Adobe Systems, Inc.2   2,709   $352,522 
Akamai Technologies, Inc.2   2,045    122,087 
Alliance Data Systems Corp.1   1,698    422,802 
Alphabet, Inc., Class A2   2,930    2,484,054 
Alphabet, Inc., Class C2   3,001    2,489,510 
Autodesk, Inc.2   1,430    123,652 
Automatic Data Processing, Inc.   6,530    668,607 
CA, Inc.   7,040    223,309 
Citrix Systems, Inc.2   2,337    194,882 
Cognizant Technology Solutions Corp., Class A1,2   12,816    762,808 
CSRA, Inc.   9,745    285,431 
eBay, Inc.2   15,328    514,561 
Electronic Arts, Inc.2   2,895    259,160 
Facebook, Inc., Class A2   11,145    1,583,147 
Fidelity National Information Services, Inc.   6,365    506,781 
Fiserv, Inc.2   2,651    305,687 
Global Payments, Inc.   2,345    189,195 
International Business Machines Corp.   25,465    4,434,475 
Intuit, Inc.   2,160    250,538 
Mastercard, Inc., Class A   5,406    608,013 
Microsoft Corp.   74,853    4,929,819 
Oracle Corp.   45,979    2,051,123 
Paychex, Inc.   2,737    161,209 
PayPal Holdings, Inc.2   14,434    620,951 
Red Hat, Inc.2   1,542    133,383 
salesforce.com, Inc.2   5,343    440,744 
Symantec Corp.   6,946    213,103 
Synopsys, Inc.2   1,920    138,490 
Teradata Corp.1,2   4,199    130,673 
Total System Services, Inc.   4,370    233,620 
VeriSign, Inc.1,2   739    64,374 
Visa, Inc., Class A   10,022    890,655 
Western Union Co. (The)1   15,133    307,957 
Yahoo!, Inc.2   6,262    290,619 
Total Software & Services        29,693,598 
Technology Hardware & Equipment—4.4%     
Amphenol Corp., Class A   4,964    353,288 
Apple, Inc.   87,578    12,581,455 
Cisco Systems, Inc.   80,716    2,728,201 
Corning, Inc.   19,436    524,772 
F5 Networks, Inc.2   780    111,205 
FLIR Systems, Inc.   2,566    93,094 
Harris Corp.   3,639    404,911 
Hewlett Packard Enterprise Co.   124,928    2,960,794 
HP, Inc.   154,352    2,759,814 
           
    Shares    Value 
Juniper Networks, Inc.   9,871   $274,710 
Motorola Solutions, Inc.   3,991    344,104 
NetApp, Inc.   7,229    302,534 
Seagate Technology PLC   13,076    600,581 
TE Connectivity Ltd.   9,249    689,513 
Western Digital Corp.   11,650    961,474 
Xerox Corp.   82,009    601,946 
Total Technology Hardware & Equipment        26,292,396 
Telecommunication Services—2.9%     
AT&T, Inc.   217,875    9,052,706 
CenturyLink, Inc.1   42,180    994,183 
Level 3 Communications, Inc.2   8,092    463,024 
Verizon Communications, Inc.   142,114    6,928,058 
Total Telecommunication Services        17,437,971 
Transportation—3.2%     
Alaska Air Group, Inc.1   3,561    328,395 
American Airlines Group, Inc.1   53,889    2,279,505 
C.H. Robinson Worldwide, Inc.1   9,488    733,328 
CSX Corp.   13,110    610,270 
Delta Air Lines, Inc.   47,255    2,171,840 
Expeditors International of Washington, Inc.1   6,130    346,284 
FedEx Corp.   16,136    3,148,940 
JB Hunt Transport Services, Inc.   3,919    359,529 
Kansas City Southern   1,530    131,213 
Norfolk Southern Corp.   4,844    542,383 
Ryder System, Inc.   5,066    382,179 
Southwest Airlines Co.   21,302    1,145,196 
Union Pacific Corp.   10,674    1,130,590 
United Continental Holdings, Inc.2   30,566    2,159,182 
United Parcel Service, Inc., Class B   31,887    3,421,475 
Total Transportation        18,890,309 
Utilities—3.0%     
AES Corp.   67,853    758,597 
Alliant Energy Corp.   4,790    189,732 
Ameren Corp.1   6,313    344,627 
American Electric Power Co., Inc.   14,020    941,163 
American Water Works Co., Inc.   2,459    191,236 
CenterPoint Energy, Inc.   15,405    424,716 
CMS Energy Corp.   8,143    364,318 
Consolidated Edison, Inc.   8,937    694,047 
Dominion Resources, Inc.   8,629    669,352 
DTE Energy Co.   5,989    611,537 
Duke Energy Corp.   15,745    1,291,247 
Edison International   8,465    673,899 

 

 

       
   Shares  Value
Entergy Corp.   8,171   $620,669 
Eversource Energy   7,373    433,385 
Exelon Corp.   49,203    1,770,324 
FirstEnergy Corp.   26,400    840,048 
NextEra Energy, Inc.   7,031    902,569 
NiSource, Inc.   10,851    258,145 
NRG Energy, Inc.   39,379    736,387 
PG&E Corp.   15,113    1,002,899 
Pinnacle West Capital Corp.   2,394    199,612 
PPL Corp.   11,556    432,079 
Public Service Enterprise Group, Inc.   11,706    519,161 
SCANA Corp.   3,521    230,097 
Sempra Energy   5,224    577,252 
Southern Co. (The)   22,363    1,113,230 
WEC Energy Group, Inc.   7,062    428,169 
Xcel Energy, Inc.   14,381    639,235 
Total Utilities        17,857,732 
Total Common Stocks          
(Cost $515,902,754)        594,373,721 
           
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—1.2%          
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.91% 3
(Cost $7,087,362)		   7,087,362    7,087,362 
Total Investments—100.9%
(Cost $522,990,116)		        601,461,083 
Liabilities in Excess of Other Assets—(0.9)%        (5,398,716)
Net Assets—100.0%       $596,062,367 
           

PLC - Public Limited Company
 

1 All or a portion of the security was on loan. The aggregate value of the securities on loan was $22,838,382; total value of the collateral held by the fund was $23,340,406. The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $16,253,044.
2 Non-income producing security.
3 Rate shown represents annualized 7-day yield as of March 31, 2017.

 

 

Schedule of Investments
OPPENHEIMER MID CAP REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

   Shares  Value
COMMON STOCKS—99.8%      
Automobiles & Components—1.2%     
Cooper Tire & Rubber Co.1   16,565   $734,658 
Dana, Inc.   71,568    1,381,978 
Gentex Corp.   18,556    395,799 
Thor Industries, Inc.   13,009    1,250,555 
Total Automobiles & Components        3,762,990 
Banks—2.6%     
Associated Banc-Corp.   11,130    271,572 
BancorpSouth, Inc.1   5,814    175,873 
Bank of Hawaii Corp.1   1,871    154,096 
Bank of the Ozarks, Inc.   3,431    178,446 
Cathay General Bancorp   3,301    124,382 
Chemical Financial Corp.   2,379    121,686 
Commerce Bancshares, Inc.   4,958    278,441 
Cullen/Frost Bankers, Inc.   2,974    264,597 
East West Bancorp, Inc.   5,878    303,364 
F.N.B. Corp.1   13,801    205,221 
First Horizon National Corp.1   17,395    321,808 
Fulton Financial Corp.   10,300    183,855 
Hancock Holding Co.1   5,062    230,574 
International Bancshares Corp.   3,557    125,918 
MB Financial, Inc.   5,103    218,510 
New York Community Bancorp, Inc.   30,875    431,324 
PacWest Bancorp   4,952    263,744 
PrivateBancorp, Inc.   3,419    202,986 
Prosperity Bancshares, Inc.   2,561    178,527 
Signature Bank2   2,135    316,813 
SVB Financial Group1,2   2,037    379,065 
Synovus Financial Corp.   7,550    309,701 
TCF Financial Corp.   19,503    331,941 
Texas Capital Bancshares, Inc.2   7,684    641,230 
Trustmark Corp.1   4,398    139,812 
UMB Financial Corp.   3,144    236,775 
Umpqua Holdings Corp.   16,172    286,891 
Valley National Bancorp1   17,303    204,175 
Washington Federal, Inc.   4,368    144,581 
Webster Financial Corp.   4,879    244,145 
Wintrust Financial Corp.   4,002    276,618 
Total Banks        7,746,671 
Capital Goods—11.3%     
A.O. Smith Corp.   12,649    647,123 
AECOM2   118,275    4,209,407 
AGCO Corp.   29,819    1,794,507 
           
    Shares    Value 
B/E Aerospace, Inc.   11,118   $712,775 
Carlisle Cos., Inc.   8,303    883,522 
Crane Co.   9,019    674,892 
Curtiss-Wright Corp.   5,365    489,610 
Donaldson Co., Inc.   12,094    550,519 
Dycom Industries, Inc.1,2   7,282    676,862 
EMCOR Group, Inc.   28,755    1,810,127 
EnerSys   7,438    587,156 
Esterline Technologies Corp.2   5,463    470,091 
GATX Corp.1   5,752    350,642 
Graco, Inc.1   3,443    324,124 
Granite Construction, Inc.   12,132    608,905 
Hubbell, Inc.   7,082    850,194 
Huntington Ingalls Industries, Inc.   8,240    1,649,978 
IDEX Corp.   5,533    517,391 
ITT, Inc.   14,210    582,894 
Joy Global, Inc.   20,508    579,351 
KBR, Inc.   72,539    1,090,261 
Kennametal, Inc.   12,499    490,336 
KLX, Inc.1,2   7,918    353,935 
Lennox International, Inc.   5,165    864,104 
Lincoln Electric Holdings, Inc.   6,324    549,303 
MSC Industrial Direct Co., Inc., Class A   6,852    704,111 
Nordson Corp.   3,480    427,483 
NOW, Inc.1,2   30,578    518,603 
Orbital ATK, Inc.   10,770    1,055,460 
Oshkosh Corp.   21,742    1,491,284 
Regal Beloit Corp.   10,530    796,594 
Teledyne Technologies, Inc.2   3,984    503,817 
Terex Corp.   35,822    1,124,811 
Timken Co. (The)   14,265    644,778 
Toro Co. (The)   9,545    596,181 
Trinity Industries, Inc.   42,621    1,131,587 
Valmont Industries, Inc.   4,038    627,909 
Wabtec Corp.1   9,287    724,386 
Watsco, Inc.   6,904    988,515 
Woodward, Inc.   7,149    485,560 
Total Capital Goods        34,139,088 
Commercial & Professional Services—3.1%     
CEB, Inc.   2,888    226,997 
Clean Harbors, Inc.2   11,736    652,756 
Copart, Inc.1,2   5,280    326,991 
Deluxe Corp.   6,071    438,144 
FTI Consulting, Inc.2   10,861    447,147 
Herman Miller, Inc.1   18,289    577,018 

 

Schedule of Investments - continued
OPPENHEIMER MID CAP REVENUE ETF
MARCH 31, 2017 (UNAUDITED)    
 

   Shares  Value
HNI Corp.   11,543   $532,017 
Manpowergroup, Inc.   46,555    4,775,146 
MSA Safety, Inc.   3,999    282,689 
Pitney Bowes, Inc.   63,472    832,118 
Rollins, Inc.   10,419    386,858 
Total Commercial & Professional Services        9,477,881 
Consumer Durables & Apparel—4.0%     
Brunswick Corp.   17,979    1,100,315 
CalAtlantic Group, Inc.1   41,375    1,549,494 
Carter’s, Inc.   8,713    782,427 
Deckers Outdoor Corp.1,2   8,081    482,678 
Helen of Troy Ltd.2   3,966    373,597 
Kate Spade & Co.2   14,104    327,636 
KB Home1   44,741    889,451 
NVR, Inc.2   693    1,460,068 
Polaris Industries, Inc.1   12,124    1,015,991 
Skechers U.S.A., Inc., Class A2   31,454    863,412 
Tempur Sealy International, Inc.1,2   16,669    774,442 
Toll Brothers, Inc.2   35,543    1,283,458 
TRI Pointe Group, Inc.1,2   43,854    549,929 
Tupperware Brands Corp.1   8,891    557,644 
Total Consumer Durables & Apparel        12,010,542 
Consumer Services—2.8%     
Brinker International, Inc.1   18,521    814,183 
Buffalo Wild Wings, Inc.1,2   3,191    487,425 
Cheesecake Factory, Inc. (The)   8,919    565,108 
Churchill Downs, Inc.   2,099    333,426 
Cracker Barrel Old Country Store, Inc.1   4,394    699,744 
DeVry Education Group, Inc.   13,348    473,187 
Domino's Pizza, Inc.1   3,303    608,743 
Dunkin' Brands Group, Inc.   3,637    198,871 
Graham Holdings Co., Class B   1,032    618,736 
International Speedway Corp., Class A   4,371    161,508 
Jack in the Box, Inc.   3,948    401,591 
Panera Bread Co., Class A1,2   2,898    758,899 
Papa John's International, Inc.1   5,499    440,140 
Service Corp. International   23,968    740,132 
Sotheby's1,2   4,103    186,604 
Texas Roadhouse, Inc.   11,305    503,412 
Wendy’s Co. (The)1   26,119    355,480 
Total Consumer Services        8,347,189 
Diversified Financials—1.2%     
Eaton Vance Corp.   6,986    314,090 
FactSet Research Systems, Inc.1   1,554    256,270 
Federated Investors, Inc., Class B   10,375    273,277 
           
    Shares    Value 
Janus Capital Group, Inc.   19,038   $251,302 
Legg Mason, Inc.   18,401    664,460 
MarketAxess Holdings, Inc.   536    100,495 
MSCI, Inc.   2,878    279,713 
SEI Investments Co.   6,553    330,533 
SLM Corp.2   21,297    257,694 
Stifel Financial Corp.2   11,874    595,956 
Waddell & Reed Financial, Inc., Class A   16,478    280,126 
Total Diversified Financials        3,603,916 
Energy—5.4%     
CONSOL Energy, Inc.1,2   30,059    504,390 
Diamond Offshore Drilling, Inc.1,2   24,530    409,896 
Dril-Quip, Inc.1,2   2,895    157,922 
Energen Corp.2   2,940    160,054 
Ensco PLC, Class A   73,034    653,654 
Gulfport Energy Corp.1,2   5,604    96,333 
HollyFrontier Corp.1   90,292    2,558,875 
Nabors Industries Ltd.   40,167    524,983 
Noble Corp. PLC1   76,089    470,991 
Oceaneering International, Inc.   21,267    575,910 
Oil States International, Inc.1,2   5,236    173,573 
Patterson-UTI Energy, Inc.1   8,589    208,455 
QEP Resources, Inc.2   25,156    319,733 
Rowan Cos. PLC, Class A1,2   27,301    425,350 
SM Energy Co.1   13,476    323,694 
Superior Energy Services, Inc.1,2   26,141    372,771 
Western Refining, Inc.   51,604    1,809,752 
World Fuel Services Corp.   179,066    6,491,143 
WPX Energy, Inc.2   13,560    181,568 
Total Energy        16,419,047 
Food & Staples Retailing—1.6%     
Casey's General Stores, Inc.1   15,486    1,738,303 
Sprouts Farmers Market, Inc.1,2   47,237    1,092,119 
United Natural Foods, Inc.1,2   47,620    2,058,613 
Total Food & Staples Retailing        4,889,035 
Food, Beverage & Tobacco—3.6%     
Boston Beer Co., Inc. (The), Class A1,2   1,491    215,673 
Dean Foods Co.   100,152    1,968,988 
Flowers Foods, Inc.1   48,983    950,760 
Hain Celestial Group, Inc. (The)2   19,720    733,584 
Ingredion, Inc.   12,272    1,477,917 
Lamb Weston Holdings, Inc.   17,881    752,075 
Lancaster Colony Corp.   2,251    290,019 
Post Holdings, Inc.1,2   14,530    1,271,666 
Snyder's-Lance, Inc.   12,776    515,001 

 
Schedule of Investments - continued
OPPENHEIMER MID CAP REVENUE ETF
MARCH 31, 2017 (UNAUDITED)    

 

   Shares  Value
Tootsie Roll Industries, Inc.1   3,279   $122,471 
TreeHouse Foods, Inc.1,2   17,584    1,488,661 
WhiteWave Foods Co. (The)2   18,756    1,053,149 
Total Food, Beverage & Tobacco        10,839,964 
Health Care Equipment & Services—7.7%     
ABIOMED, Inc.2   808    101,162 
Align Technology, Inc.2   2,387    273,813 
Allscripts Healthcare Solutions, Inc.1,2   30,788    390,392 
Globus Medical, Inc., Class A1,2   4,950    146,619 
Halyard Health, Inc.2   9,902    377,167 
HealthSouth Corp.   20,948    896,784 
Hill-Rom Holdings, Inc.   9,365    661,169 
LifePoint Health, Inc.1,2   25,013    1,638,351 
LivaNova PLC1,2   5,929    290,580 
Masimo Corp.2   1,805    168,334 
MEDNAX, Inc.1,2   11,140    772,893 
Molina Healthcare, Inc.1,2   95,484    4,354,070 
NuVasive, Inc.1,2   3,166    236,437 
Owens & Minor, Inc.   67,742    2,343,873 
ResMed, Inc.   6,746    485,510 
STERIS PLC   9,332    648,201 
Teleflex, Inc.   2,337    452,747 
Tenet Healthcare Corp.1,2   265,573    4,703,298 
VCA, Inc.2   6,719    614,789 
WellCare Health Plans, Inc.2   24,230    3,397,288 
West Pharmaceutical Services, Inc.   4,478    365,450 
Total Health Care Equipment & Services        23,318,927 
Household & Personal Products—1.0%     
Avon Products, Inc.2   321,083    1,412,765 
Edgewell Personal Care Co.2   7,599    555,791 
Energizer Holdings, Inc.   7,433    414,390 
Nu Skin Enterprises, Inc., Class A1   10,272    570,507 
Total Household & Personal Products        2,953,453 
Insurance—6.4%     
Alleghany Corp.2   2,341    1,438,919 
American Financial Group, Inc.   16,377    1,562,693 
Aspen Insurance Holdings Ltd.   12,812    666,865 
Brown & Brown, Inc.   9,912    413,529 
CNO Financial Group, Inc.   47,892    981,786 
Everest Re Group Ltd.   5,967    1,395,144 
First American Financial Corp.   35,318    1,387,291 
Genworth Financial, Inc., Class A2   499,200    2,056,704 
Hanover Insurance Group, Inc. (The)   13,272    1,195,276 
Kemper Corp.1   14,810    590,919 
Mercury General Corp.1   13,184    804,092 
           
    Shares    Value 
Old Republic International Corp.   70,880   $1,451,623 
Primerica, Inc.1   4,437    364,721 
Reinsurance Group of America, Inc.   21,643    2,748,228 
RenaissanceRe Holdings Ltd.   2,870    415,146 
W.R. Berkley Corp.   25,413    1,794,920 
Total Insurance        19,267,856 
Materials—9.4%     
Allegheny Technologies, Inc.1   42,169    757,355 
AptarGroup, Inc.   7,390    568,956 
Ashland Global Holdings, Inc.   9,889    1,224,357 
Bemis Co., Inc.1   19,855    970,115 
Cabot Corp.   9,977    597,722 
Carpenter Technology Corp.1   11,013    410,785 
Chemours Co. (The)   37,727    1,452,489 
Commercial Metals Co.   56,951    1,089,473 
Compass Minerals International, Inc.1   4,007    271,875 
Domtar Corp.   32,917    1,202,129 
Eagle Materials, Inc.   2,932    284,814 
Greif, Inc., Class A   14,798    815,222 
Louisiana-Pacific Corp.2   22,068    547,728 
Minerals Technologies, Inc.   5,326    407,972 
NewMarket Corp.   1,181    535,265 
Olin Corp.1   41,018    1,348,262 
Owens-Illinois, Inc.2   80,431    1,639,184 
Packaging Corp. of America   15,263    1,398,396 
PolyOne Corp.   24,134    822,728 
Reliance Steel & Aluminum Co.   25,443    2,035,949 
Royal Gold, Inc.   1,491    104,444 
RPM International, Inc.   21,200    1,166,636 
Scotts Miracle-Gro Co., (The)   7,656    714,994 
Sensient Technologies Corp.   4,169    330,435 
Silgan Holdings, Inc.   14,560    864,282 
Sonoco Products Co.   21,774    1,152,280 
Steel Dynamics, Inc.   53,444    1,857,713 
United States Steel Corp.   67,179    2,271,322 
Valspar Corp. (The)   9,205    1,021,203 
Worthington Industries, Inc.1   13,282    598,885 
Total Materials        28,462,970 
Media—1.9%     
AMC Networks, Inc., Class A2   11,593    680,277 
Cable One, Inc.   333    207,948 
Cinemark Holdings, Inc.1   16,208    718,663 
John Wiley & Sons, Inc., Class A   7,693    413,883 
Live Nation Entertainment, Inc.2   70,302    2,135,072 
Meredith Corp.1   6,692    432,303 

 
Schedule of Investments - continued
OPPENHEIMER MID CAP REVENUE ETF
MARCH 31, 2017 (UNAUDITED)    

 

   Shares  Value
New York Times Co., (The), Class A   25,914   $373,162 
Time, Inc.   39,463    763,609 
Total Media        5,724,917 
Pharmaceuticals, Biotechnology & Life Sciences—1.4%     
Akorn, Inc.1,2   11,933    287,347 
Bio-Rad Laboratories, Inc., Class A1,2   2,508    499,945 
Bio-Techne Corp.   1,221    124,115 
Bioverativ, Inc.2   5,048    274,914 
Catalent, Inc.2   16,220    459,350 
Charles River Laboratories International, Inc.2   4,596    413,410 
Endo International PLC2   91,993    1,026,642 
PAREXEL International Corp.2   9,304    587,175 
Prestige Brands Holdings, Inc.2   3,636    202,016 
United Therapeutics Corp.2   2,815    381,095 
Total Pharmaceuticals, Biotechnology & Life Sciences        4,256,009 
Real Estate—2.8%     
Alexander & Baldwin, Inc.   2,522    112,280 
American Campus Communities, Inc.   4,059    193,168 
Camden Property Trust   2,670    214,828 
Care Capital Properties, Inc.   3,377    90,740 
CoreCivic, Inc.   13,857    435,387 
Corporate Office Properties Trust   4,232    140,079 
Cousins Properties, Inc.   8,064    66,689 
CyrusOne, Inc.   2,595    133,565 
DCT Industrial Trust, Inc.   2,028    97,587 
Douglas Emmett, Inc.   4,848    186,163 
Duke Realty Corp.   9,129    239,819 
Education Realty Trust, Inc.1   1,692    69,118 
EPR Properties   1,654    121,784 
First Industrial Realty Trust, Inc.   3,483    92,752 
GEO Group, Inc. (The)   11,855    549,716 
Healthcare Realty Trust, Inc.   3,178    103,285 
Highwoods Properties, Inc.   3,223    158,346 
Hospitality Properties Trust   16,121    508,295 
Jones Lang LaSalle, Inc.   14,895    1,660,048 
Kilroy Realty Corp.   2,179    157,062 
Lamar Advertising Co., Class A1   4,786    357,706 
LaSalle Hotel Properties   10,205    295,435 
Liberty Property Trust   4,992    192,442 
Life Storage, Inc.1   1,353    111,108 
Mack-Cali Realty Corp.   5,600    150,864 
Medical Properties Trust, Inc.1   10,583    136,415 
National Retail Properties, Inc.   2,970    129,551 
Omega Healthcare Investors, Inc.1   6,974    230,072 
Potlatch Corp.   3,267    149,302 
           
    Shares    Value 
Quality Care Properties, Inc.2   8,968   $169,137 
Rayonier, Inc.   6,676    189,198 
Regency Centers Corp.   1    66 
Senior Housing Properties Trust   13,008    263,412 
Tanger Factory Outlet Centers, Inc.1   3,606    118,169 
Taubman Centers, Inc.   2,521    166,436 
Uniti Group, Inc.   7,388    190,980 
Urban Edge Properties   3,034    79,794 
Washington Prime Group, Inc.   24,198    210,281 
Weingarten Realty Investors   4,251    141,941 
Total Real Estate        8,613,020 
Retailing—8.4%     
Aaron’s, Inc.   26,049    774,697 
American Eagle Outfitters, Inc.   61,111    857,387 
Big Lots, Inc.1   25,420    1,237,446 
Cabela's, Inc.1,2   22,639    1,202,357 
Chico’s FAS, Inc.   43,382    616,024 
CST Brands, Inc.   43,333    2,083,884 
Dick’s Sporting Goods, Inc.1   38,876    1,891,706 
Dillard's, Inc., Class A   30,611    1,599,119 
GameStop Corp., Class A1   91,380    2,060,619 
HSN, Inc.   23,884    886,096 
JC Penney Co., Inc.1,2   501,416    3,088,722 
Michaels Cos., Inc. (The)1,2   2,218    49,661 
Murphy USA, Inc.1,2   33,961    2,493,417 
Office Depot, Inc.   617,213    2,879,299 
Pool Corp.   5,253    626,840 
Sally Beauty Holdings, Inc.1,2   46,956    959,781 
Urban Outfitters, Inc.2   36,534    868,048 
Williams-Sonoma, Inc.1   25,206    1,351,546 
Total Retailing        25,526,649 
Semiconductors & Semiconductor Equipment—1.2%     
Cirrus Logic, Inc.1,2   6,077    368,813 
Cree, Inc.1,2   12,872    344,069 
Cypress Semiconductor Corp.1   33,788    464,923 
First Solar, Inc.1,2   22,455    608,530 
Integrated Device Technology, Inc.2   7,426    175,773 
Microsemi Corp.2   8,154    420,176 
Monolithic Power Systems, Inc.   1,003    92,376 
Silicon Laboratories, Inc.2   2,324    170,930 
Synaptics, Inc.1,2   7,637    378,108 
Teradyne, Inc.   13,885    431,824 
Versum Materials, Inc.2   8,113    248,258 
Total Semiconductors & Semiconductor Equipment        3,703,780 
           

 

 
Schedule of Investments - continued
OPPENHEIMER MID CAP REVENUE ETF
MARCH 31, 2017 (UNAUDITED)    

 

    Shares    Value 
Software & Services—4.2%     
ACI Worldwide, Inc.2   10,487   $224,317 
Acxiom Corp.2   7,601    216,400 
ANSYS, Inc.1,2   2,251    240,564 
Broadridge Financial Solutions, Inc.1   12,077    820,632 
Cadence Design Systems, Inc.2   14,045    441,013 
CDK Global, Inc.   7,993    519,625 
CommVault Systems, Inc.2   3,052    155,042 
Computer Sciences Corp.   26,649    1,839,047 
Convergys Corp.   33,322    704,760 
CoreLogic, Inc.2   11,975    487,622 
DST Systems, Inc.   3,214    393,715 
Fair Isaac Corp.   1,668    215,089 
Fortinet, Inc.2   8,347    320,107 
Gartner, Inc.2   5,352    577,962 
j2 Global, Inc.1   2,415    202,643 
Jack Henry & Associates, Inc.   3,591    334,322 
Leidos Holdings, Inc.   31,947    1,633,770 
LogMeIn, Inc.   907    88,433 
Manhattan Associates, Inc.2   2,761    143,710 
MAXIMUS, Inc.   9,688    602,594 
NeuStar, Inc., Class A2   8,909    295,333 
PTC, Inc.2   4,927    258,914 
Science Applications International Corp.   12,627    939,449 
Take-Two Interactive Software, Inc.2   6,600    391,182 
Tyler Technologies, Inc.1,2   1,164    179,908 
Ultimate Software Group, Inc. (The)1,2   993    193,844 
WebMD Health Corp.2   3,359    176,952 
WEX, Inc.1,2   2,314    239,499 
Total Software & Services        12,836,448 
Technology Hardware & Equipment—12.1%     
3D Systems Corp.1,2   10,786    161,359 
ARRIS International PLC2   63,995    1,692,668 
Arrow Electronics, Inc.2   77,450    5,685,604 
Avnet, Inc.   109,760    5,022,618 
Belden, Inc.   8,149    563,829 
Brocade Communications Systems, Inc.   46,054    574,754 
Ciena Corp.2   26,832    633,504 
Cognex Corp.   1,568    131,634 
Coherent, Inc.2   1,266    260,340 
Diebold Nixdorf, Inc.1   27,763    852,324 
InterDigital, Inc.   1,890    163,107 
IPG Photonics Corp.2   2,047    247,073 
Jabil Circuit, Inc.   157,910    4,566,757 
Keysight Technologies, Inc.2   18,201    657,784 
           
    Shares    Value 
Knowles Corp.1,2   11,054   $209,473 
Littelfuse, Inc.   1,608    257,135 
National Instruments Corp.   9,223    300,301 
NCR Corp.2   35,982    1,643,658 
NetScout Systems, Inc.1,2   7,247    275,024 
Plantronics, Inc.   3,904    211,245 
SYNNEX Corp.   28,702    3,212,902 
Tech Data Corp.1,2   67,712    6,358,157 
Trimble, Inc.2   18,123    580,117 
VeriFone Systems, Inc.1,2   25,477    477,184 
ViaSat, Inc.1,2   5,643    360,136 
Vishay Intertechnology, Inc.1   35,132    577,921 
Zebra Technologies Corp., Class A2   9,578    873,993 
Total Technology Hardware & Equipment        36,550,601 
Telecommunication Services—1.0%     
Frontier Communications Corp.1   882,565    1,888,689 
Telephone & Data Systems, Inc.   47,390    1,256,309 
Total Telecommunication Services        3,144,998 
Transportation—2.1%     
Avis Budget Group, Inc.2   61,865    1,829,967 
Genesee & Wyoming, Inc., Class A1,2   7,106    482,213 
JetBlue Airways Corp.2   80,750    1,664,258 
Kirby Corp.1,2   6,162    434,729 
Landstar System, Inc.   9,051    775,218 
Old Dominion Freight Line, Inc.   8,297    709,974 
Werner Enterprises, Inc.1   17,767    465,495 
Total Transportation        6,361,854 
Utilities—3.4%     
Aqua America, Inc.1   6,418    206,339 
Atmos Energy Corp.1   9,909    782,712 
Black Hills Corp.   5,759    382,801 
Great Plains Energy, Inc.   22,770    665,339 
Hawaiian Electric Industries, Inc.1   17,577    585,490 
IDACORP, Inc.1   3,773    313,008 
MDU Resources Group, Inc.   37,260    1,019,806 
National Fuel Gas Co.   6,032    359,628 
New Jersey Resources Corp.   12,474    493,970 
NorthWestern Corp.1   5,330    312,871 
OGE Energy Corp.   15,065    526,974 
ONE Gas, Inc.   5,295    357,942 
PNM Resources, Inc.   9,173    339,401 
Southwest Gas Holdings, Inc.   7,344    608,891 
UGI Corp.   29,099    1,437,491 
Vectren Corp.   10,495    615,112 

 

 
Schedule of Investments - concluded
OPPENHEIMER MID CAP REVENUE ETF
MARCH 31, 2017 (UNAUDITED)    

 

       
   Shares  Value
Westar Energy, Inc.   11,441   $620,903 
WGL Holdings, Inc.   6,933    572,180 
Total Utilities        10,200,858 
Total Common Stocks          
(Cost $265,283,958)        302,158,663 
           
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—7.8%          
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.91% 3
(Cost $23,739,930)		   23,739,930    23,739,930 
Total Investments—107.6%
(Cost $289,023,888)		        325,898,593 
Liabilities in Excess of Other Assets—(7.6)%        (23,080,630)
Net Assets—100.0%       $302,817,963 
           

 

PLC - Public Limited Company
 

1 All or a portion of the security was on loan. The aggregate value of the securities on loan was $65,131,544; total value of the collateral held by the fund was $66,724,854. The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $42,984,924.
2 Non-income producing security.
3 Rate shown represents annualized 7-day yield as of March 31, 2017.

 

 

Schedule of Investments
OPPENHEIMER SMALL CAP REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

   Shares  Value
COMMON STOCKS—99.7%      
Automobiles & Components—2.0%     
American Axle & Manufacturing Holdings, Inc.1,2   143,126   $2,687,906 
Cooper-Standard Holding, Inc.2   22,589    2,505,798 
Dorman Products, Inc.1,2   7,952    653,098 
Fox Factory Holding Corp.2   10,708    307,320 
Gentherm, Inc.1,2   18,135    711,799 
LCI Industries   11,901    1,187,720 
Motorcar Parts of America, Inc.1,2   10,498    322,603 
Standard Motor Products, Inc.   16,261    799,065 
Superior Industries International, Inc.   20,730    525,505 
Winnebago Industries, Inc.   24,711    722,797 
Total Automobiles & Components        10,423,611 
Banks—2.7%     
Ameris Bancorp   5,444    250,968 
Astoria Financial Corp.   17,980    368,770 
Banc of California, Inc.1   23,246    481,192 
Bank Mutual Corp.   8,218    77,249 
Banner Corp.   6,119    340,461 
BofI Holding, Inc.1,2   10,872    284,085 
Boston Private Financial Holdings, Inc.   16,933    277,701 
Brookline Bancorp, Inc.   12,575    196,799 
Cardinal Financial Corp.   5,138    153,832 
Central Pacific Financial Corp.   4,981    152,120 
City Holding Co.   2,163    139,470 
Columbia Banking System, Inc.   8,022    312,778 
Community Bank System, Inc.1   5,689    312,781 
Customers Bancorp, Inc.2   8,340    262,960 
CVB Financial Corp.   9,553    211,026 
Dime Community Bancshares, Inc.   7,348    149,164 
Fidelity Southern Corp.   9,602    214,893 
First BanCorp2   83,859    473,803 
First Commonwealth Financial Corp.   15,388    204,045 
First Financial Bancorp1   9,877    271,124 
First Financial Bankshares, Inc.1   5,530    221,753 
First Midwest Bancorp, Inc.   16,168    382,858 
First NBC Bank Holding Co.1,2   37,741    150,964 
Glacier Bancorp, Inc.   9,425    319,790 
Great Western Bancorp, Inc.1   7,588    321,807 
Hanmi Financial Corp.1   4,897    150,583 
Home BancShares, Inc.   13,757    372,402 
HomeStreet, Inc.1,2   15,767    440,688 
Hope Bancorp, Inc.   17,065    327,136 
Independent Bank Corp.   3,761    244,465 
LegacyTexas Financial Group, Inc.   6,534    260,707 
           
    Shares    Value 
LendingTree, Inc.1,2   2,351   $294,698 
National Bank Holdings Corp., Class A   4,534    147,355 
NBT Bancorp, Inc.1   7,461    276,579 
Northfield Bancorp, Inc.   5,487    98,876 
Northwest Bancshares, Inc.1   18,360    309,182 
OFG Bancorp   27,068    319,402 
Old National Bancorp1   27,179    471,556 
Opus Bank   12,560    253,084 
Oritani Financial Corp.   6,618    112,506 
Pinnacle Financial Partners, Inc.   5,312    352,982 
Provident Financial Services, Inc.   10,084    260,671 
S&T Bancorp, Inc.1   5,881    203,483 
ServisFirst Bancshares, Inc.   4,272    155,415 
Simmons First National Corp., Class A1   5,700    314,355 
Southside Bancshares, Inc.1   4,550    152,744 
Sterling Bancorp   16,200    383,940 
Texas Capital Bancshares, Inc.2   2,947    245,927 
Tompkins Financial Corp.1   2,383    191,951 
TrustCo Bank Corp.   16,742    131,425 
United Bankshares, Inc.1   9,157    386,883 
United Community Banks, Inc.   11,076    306,695 
Walker & Dunlop, Inc.1,2   10,961    456,964 
Westamerica Bancorporation1   2,385    133,155 
Total Banks        14,288,202 
Capital Goods—11.7%     
AAON, Inc.1   7,859    277,816 
AAR Corp.1   36,869    1,239,904 
Actuant Corp., Class A   28,918    761,989 
Aegion Corp.2   39,728    910,168 
Aerojet Rocketdyne Holdings, Inc.1,2   58,086    1,260,466 
Aerovironment, Inc.2   6,431    180,261 
Alamo Group, Inc.   8,211    625,596 
Albany International Corp., Class A   12,823    590,499 
American Woodmark Corp.2   8,297    761,665 
Apogee Enterprises, Inc.1   13,589    810,040 
Applied Industrial Technologies, Inc.   30,274    1,872,447 
Astec Industries, Inc.   13,600    836,332 
AZZ, Inc.1   10,959    652,060 
Barnes Group, Inc.   17,847    916,265 
Briggs & Stratton Corp.   61,407    1,378,587 
Chart Industries, Inc.1,2   18,106    632,624 
CIRCOR International, Inc.1   7,490    445,206 
Comfort Systems USA, Inc.   33,387    1,223,634 
Cubic Corp.   21,067    1,112,338 
DXP Enterprises, Inc.2   23,059    873,244 

 

Schedule of Investments - continued
OPPENHEIMER SMALL CAP REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

   Shares  Value
Encore Wire Corp.   14,947   $687,562 
Engility Holdings, Inc.2   50,908    1,473,277 
EnPro Industries, Inc.   13,108    932,765 
ESCO Technologies, Inc.   7,666    445,395 
Federal Signal Corp.   36,419    502,946 
Franklin Electric Co., Inc.   17,009    732,237 
General Cable Corp.   166,895    2,995,765 
Gibraltar Industries, Inc.2   17,997    741,476 
Greenbrier Cos., Inc. (The)1   42,651    1,838,258 
Griffon Corp.   59,212    1,459,576 
Harsco Corp.2   87,451    1,115,000 
Hillenbrand, Inc.   30,929    1,108,805 
Insteel Industries, Inc.   8,767    316,839 
John Bean Technologies Corp.   11,126    978,532 
Kaman Corp.   27,491    1,323,142 
Lindsay Corp.1   4,601    405,440 
Lydall, Inc.2   7,905    423,708 
Mercury Systems, Inc.1,2   6,361    248,397 
Moog, Inc., Class A2   27,099    1,825,118 
Mueller Industries, Inc.   45,429    1,555,035 
MYR Group, Inc.2   19,168    785,888 
National Presto Industries, Inc.1   2,692    275,122 
Orion Group Holdings, Inc.2   50,608    378,042 
Patrick Industries, Inc.1,2   12,801    907,591 
PGT Innovations, Inc.1,2   32,550    349,912 
Powell Industries, Inc.1   11,683    402,362 
Proto Labs, Inc.1,2   4,230    216,153 
Quanex Building Products Corp.   34,139    691,315 
Raven Industries, Inc.1   6,356    184,642 
Simpson Manufacturing Co., Inc.   14,852    639,973 
SPX Corp.2   43,891    1,064,357 
SPX FLOW, Inc.2   44,936    1,559,729 
Standex International Corp.1   5,493    550,124 
TASER International, Inc.1,2   8,607    196,154 
Tennant Co.1   8,328    605,029 
Titan International, Inc.   86,098    890,253 
Trex Co., Inc.2   4,940    342,787 
Triumph Group, Inc.1   107,767    2,775,000 
Universal Forest Products, Inc.   24,428    2,407,135 
Veritiv Corp.1,2   95,721    4,958,348 
Vicor Corp.2   9,296    149,666 
Wabash National Corp.   65,678    1,358,878 
Watts Water Technologies, Inc., Class A   16,613    1,035,821 
Total Capital Goods        61,194,695 
           
    Shares    Value 
Commercial & Professional Services—8.3%     
ABM Industries, Inc.   85,936   $3,746,810 
Brady Corp., Class A   20,874    806,780 
Brink's Co. (The)   42,961    2,296,265 
CDI Corp.2   89,395    764,327 
Essendant, Inc.   264,463    4,006,614 
Exponent, Inc.   3,903    232,424 
Healthcare Services Group, Inc.   26,547    1,143,910 
Heidrick & Struggles International, Inc.   17,563    462,785 
Insperity, Inc.   24,110    2,137,351 
Interface, Inc.   37,131    707,346 
Kelly Services, Inc., Class A   180,036    3,935,587 
Korn/Ferry International   37,276    1,173,821 
LSC Communications, Inc.   111,115    2,795,653 
Matthews International Corp., Class A   15,978    1,080,912 
Mobile Mini, Inc.   12,293    374,937 
Multi-Color Corp.   9,262    657,602 
Navigant Consulting, Inc.2   33,157    757,969 
On Assignment, Inc.2   37,337    1,811,965 
Resources Connection, Inc.1   25,969    434,981 
RR Donnelley & Sons Co.1   529,162    6,408,152 
Team, Inc.1,2   35,128    950,212 
Tetra Tech, Inc.   50,130    2,047,811 
TrueBlue, Inc.2   76,306    2,086,969 
UniFirst Corp.1   8,182    1,157,344 
US Ecology, Inc.   7,294    341,724 
Viad Corp.   19,696    890,259 
WageWorks, Inc.2   3,473    251,098 
Total Commercial & Professional Services        43,461,608 
Consumer Durables & Apparel—5.0%     
Callaway Golf Co.   58,404    646,532 
Cavco Industries, Inc.2   4,809    559,768 
Crocs, Inc.1,2   113,921    805,421 
Ethan Allen Interiors, Inc.   18,676    572,419 
Fossil Group, Inc.1,2   135,731    2,368,506 
G-III Apparel Group Ltd.1,2   68,808    1,506,207 
Iconix Brand Group, Inc.1,2   37,106    279,037 
Installed Building Products, Inc.2   12,580    663,595 
iRobot Corp.1,2   8,377    554,055 
La-Z-Boy, Inc.   40,315    1,088,505 
LGI Homes, Inc.1,2   19,603    664,738 
M.D.C. Holdings, Inc.1   57,220    1,719,461 
M/I Homes, Inc.2   49,599    1,215,176 
Meritage Homes Corp.1,2   60,818    2,238,102 
Movado Group, Inc.   18,099    451,570 

 

 

   Shares  Value
Nautilus, Inc.1,2   17,764   $324,193 
Oxford Industries, Inc.   14,141    809,714 
Perry Ellis International, Inc.2   28,110    603,803 
Steven Madden Ltd.2   27,656    1,066,139 
Sturm Ruger & Co., Inc.1   9,262    495,980 
TopBuild Corp.2   28,199    1,325,353 
Unifi, Inc.2   17,260    490,011 
Universal Electronics, Inc.2   7,126    488,131 
Vera Bradley, Inc.2   39,957    372,000 
Vista Outdoor, Inc.1,2   92,610    1,906,840 
William Lyon Homes, Class A1,2   50,499    1,041,289 
Wolverine World Wide, Inc.   73,416    1,833,198 
Total Consumer Durables & Apparel        26,089,743 
Consumer Services—3.6%     
American Public Education, Inc.2   10,893    249,450 
Belmond Ltd., Class A1,2   33,324    403,220 
Biglari Holdings, Inc.2   1,535    663,089 
BJ's Restaurants, Inc.2   18,882    762,833 
Bob Evans Farms, Inc.1   16,044    1,040,774 
Boyd Gaming Corp.1,2   79,423    1,748,100 
Capella Education Co.   3,954    336,189 
Career Education Corp.2   63,675    553,973 
Chuy's Holdings, Inc.2   8,635    257,323 
Dave & Buster's Entertainment, Inc.1,2   11,932    728,926 
DineEquity, Inc.   8,877    483,086 
El Pollo Loco Holdings, Inc.1,2   25,113    300,100 
Fiesta Restaurant Group, Inc.1,2   24,274    587,431 
ILG, Inc.   53,387    1,118,992 
Marcus Corp. (The)   12,600    404,460 
Marriott Vacations Worldwide Corp.1   14,241    1,423,103 
Monarch Casino & Resort, Inc.2   5,630    166,310 
Penn National Gaming, Inc.2   18,698    344,604 
Red Robin Gourmet Burgers, Inc.2   18,138    1,060,166 
Regis Corp.2   107,675    1,261,951 
Ruby Tuesday, Inc.2   308,442    866,722 
Ruth's Hospitality Group, Inc.   14,799    296,720 
Scientific Games Corp., Class A1,2   99,835    2,361,098 
Shake Shack, Inc., Class A1,2   11,057    369,304 
Sonic Corp.   18,409    466,852 
Strayer Education, Inc.   4,047    325,743 
Wingstop, Inc.1   2,579    72,934 
Total Consumer Services        18,653,453 
Diversified Financials—2.0%     
Capstead Mortgage Corp.   15,260    160,840 
Donnelley Financial Solutions, Inc.2   36,574    705,512 
           
    Shares    Value 
Encore Capital Group, Inc.1,2   24,337   $749,580 
Enova International, Inc.2   38,848    576,893 
Evercore Partners, Inc., Class A   13,182    1,026,878 
EZCORP, Inc., Class A1,2   65,820    536,433 
Financial Engines, Inc.1   7,421    323,185 
FirstCash, Inc.   18,056    887,452 
Green Dot Corp., Class A2   15,881    529,790 
Greenhill & Co., Inc.1   8,109    237,594 
Interactive Brokers Group, Inc., Class A1   29,967    1,040,454 
INTL. FCStone, Inc.2   16,063    609,751 
Investment Technology Group, Inc.   17,066    345,587 
Piper Jaffray Cos.   8,437    538,702 
PRA Group, Inc.1,2   18,073    599,120 
Virtus Investment Partners, Inc.1   2,178    230,650 
WisdomTree Investments, Inc.   108,571    985,825 
World Acceptance Corp.1,2   7,813    404,557 
Total Diversified Financials        10,488,803 
Energy—2.8%     
Archrock, Inc.   47,949    594,568 
Atwood Oceanics, Inc.1,2   68,255    650,470 
Bill Barrett Corp.1,2   29,508    134,261 
Bristow Group, Inc.1   76,747    1,167,322 
CARBO Ceramics, Inc.1,2   6,543    85,321 
Carrizo Oil & Gas, Inc.1,2   11,406    326,896 
Cloud Peak Energy, Inc.1,2   148,529    680,263 
Contango Oil & Gas Co.2   9,242    67,651 
Denbury Resources, Inc.1,2   301,192    777,075 
Era Group, Inc.2   16,224    215,130 
Exterran Corp.2   28,173    886,041 
Geospace Technologies Corp.1,2   3,050    49,501 
Green Plains, Inc.1   106,797    2,643,226 
Gulf Island Fabrication, Inc.   19,737    227,962 
Helix Energy Solutions Group, Inc.2   48,030    373,193 
Hornbeck Offshore Services, Inc.1,2   49,346    218,603 
Matrix Service Co.2   62,273    1,027,504 
Newpark Resources, Inc.2   47,772    386,953 
Northern Oil and Gas, Inc.1,2   41,147    106,982 
PDC Energy, Inc.2   5,030    313,621 
Pioneer Energy Services Corp.2   45,705    182,820 
REX American Resources Corp.1,2   4,093    370,376 
SEACOR Holdings, Inc.1,2   9,809    678,685 
SRC Energy, Inc.1,2   10,030    84,653 
Tesco Corp.2   12,689    102,146 
TETRA Technologies, Inc.2   133,150    541,921 
Tidewater, Inc.1,2   526,225    605,159 

 

 

   Shares  Value
U.S. Silica Holdings, Inc.1   8,786   $421,640 
Unit Corp.1,2   20,222    488,564 
Total Energy        14,408,507 
Food & Staples Retailing—3.9%     
Andersons, Inc. (The)   75,311    2,854,287 
SpartanNash Co.   176,939    6,191,096 
SUPERVALU, Inc.2   2,881,548    11,122,775 
Total Food & Staples Retailing        20,168,158 
Food, Beverage & Tobacco—2.6%     
B&G Foods, Inc.   24,579    989,305 
Calavo Growers, Inc.1   11,694    708,656 
Cal-Maine Foods, Inc.1   23,968    882,023 
Coca-Cola Bottling Co. Consolidated1   12,052    2,482,953 
Darling Ingredients, Inc.2   172,495    2,504,627 
J&J Snack Foods Corp.   5,435    736,769 
John B. Sanfilippo & Son, Inc.1   2,894    211,812 
Sanderson Farms, Inc.1   21,823    2,266,100 
Seneca Foods Corp., Class A2   26,390    952,679 
Universal Corp.   24,132    1,707,339 
Total Food, Beverage & Tobacco        13,442,263 
Health Care Equipment & Services—10.0%     
Abaxis, Inc.1   3,416    165,676 
Aceto Corp.1   26,808    423,834 
Adeptus Health, Inc., Class A1,2   174,678    314,420 
Air Methods Corp.1,2   20,163    867,009 
Almost Family, Inc.2   9,403    456,986 
Amedisys, Inc.1,2   21,214    1,083,823 
AMN Healthcare Services, Inc.1,2   33,629    1,365,337 
Analogic Corp.   5,088    386,179 
AngioDynamics, Inc.2   15,460    268,231 
Anika Therapeutics, Inc.1,2   1,769    76,845 
BioTelemetry, Inc.2   5,702    165,073 
Cantel Medical Corp.   6,585    527,459 
Chemed Corp.1   6,284    1,148,024 
Community Health Systems, Inc.2   1,400,705    12,424,253 
Computer Programs & Systems, Inc.1   7,507    210,196 
CONMED Corp.   13,293    590,342 
CorVel Corp.2   9,241    401,984 
Cross Country Healthcare, Inc.2   42,573    611,348 
CryoLife, Inc.2   8,021    133,550 
Diplomat Pharmacy, Inc.1,2   210,682    3,360,378 
Ensign Group, Inc. (The)   67,537    1,269,696 
Haemonetics Corp.2   17,015    690,299 
HealthEquity, Inc.1,2   2,691    114,233 
HealthStream, Inc.1,2   7,154    173,341 
           
    Shares    Value 
HMS Holdings Corp.2   19,962   $405,827 
ICU Medical, Inc.2   1,784    272,417 
Inogen, Inc.1,2   1,901    147,442 
Integer Holdings Corp.2   25,908    1,041,502 
Integra LifeSciences Holdings Corp.1,2   16,961    714,567 
Invacare Corp.   65,262    776,618 
Kindred Healthcare, Inc.1   636,136    5,311,736 
Landauer, Inc.   2,228    108,615 
LHC Group, Inc.2   13,403    722,422 
Magellan Health, Inc.2   52,361    3,615,527 
Medidata Solutions, Inc.2   5,909    340,890 
Meridian Bioscience, Inc.1   10,843    149,633 
Merit Medical Systems, Inc.2   14,655    423,530 
Natus Medical, Inc.1,2   7,379    289,626 
Neogen Corp.2   3,844    251,974 
Omnicell, Inc.1,2   13,198    536,499 
OraSure Technologies, Inc.2   62,899    813,284 
Orthofix International NV2   7,651    291,886 
PharMerica Corp.2   68,986    1,614,272 
Providence Service Corp. (The)2   25,054    1,113,400 
Quality Systems, Inc.2   24,621    375,224 
Quorum Health Corp.2   204,049    1,110,027 
Select Medical Holdings Corp.1,2   248,881    3,322,561 
Surmodics, Inc.2   2,228    53,583 
Tivity Health, Inc.1,2   13,492    392,617 
UnitedHealth Group, Inc.   28    4,592 
US Physical Therapy, Inc.1   3,520    229,856 
Varex Imaging Corp.2   15,199    510,686 
Zeltiq Aesthetics, Inc.2   4,338    241,236 
Total Health Care Equipment & Services        52,410,565 
Household & Personal Products—0.4%     
Central Garden & Pet Co.1,2   19,063    706,665 
Central Garden & Pet Co., Class A2   20,455    710,198 
Inter Parfums, Inc.   10,524    384,652 
Medifast, Inc.   4,705    208,761 
WD-40 Co.   2,513    273,791 
Total Household & Personal Products        2,284,067 
Insurance—2.7%     
American Equity Investment Life Holding Co.   63,357    1,497,126 
AMERISAFE, Inc.1   4,440    288,156 
eHealth, Inc.1,2   12,509    150,608 
Employers Holdings, Inc.   14,975    568,301 
HCI Group, Inc.1   3,948    179,950 
Horace Mann Educators Corp.   19,889    816,443 
Infinity Property & Casualty Corp.   11,258    1,075,139 

 

 

   Shares  Value
Maiden Holdings Ltd.   136,845   $1,915,830 
Navigators Group, Inc. (The)   16,100    874,230 
ProAssurance Corp.   10,745    647,386 
RLI Corp.1   10,083    605,182 
Safety Insurance Group, Inc.   8,386    587,859 
Selective Insurance Group, Inc.1   34,472    1,625,355 
Stewart Information Services Corp.   33,943    1,499,602 
United Fire Group, Inc.   19,356    827,856 
United Insurance Holdings Corp.   20,759    331,106 
Universal Insurance Holdings, Inc.1   20,257    496,297 
Total Insurance        13,986,426 
Materials—6.5%     
A. Schulman, Inc.   55,464    1,744,343 
AdvanSix, Inc.2   33,100    904,292 
AK Steel Holding Corp.1,2   521,160    3,747,140 
American Vanguard Corp.   15,111    250,843 
Balchem Corp.   4,789    394,709 
Boise Cascade Co.2   103,028    2,750,848 
Calgon Carbon Corp.   27,146    396,332 
Century Aluminum Co.1,2   73,637    934,454 
Clearwater Paper Corp.2   23,955    1,341,480 
Deltic Timber Corp.   2,126    166,083 
Flotek Industries, Inc.1,2   16,482    210,805 
FutureFuel Corp.   12,162    172,457 
H.B. Fuller Co.1   30,358    1,565,258 
Hawkins, Inc.   7,478    366,422 
Haynes International, Inc.   7,787    296,840 
Headwaters, Inc.2   31,852    747,885 
Ingevity Corp.2   11,184    680,546 
Innophos Holdings, Inc.   9,980    538,621 
Innospec, Inc.   10,343    669,709 
Kaiser Aluminum Corp.1   12,418    992,198 
KapStone Paper and Packaging Corp.   100,563    2,323,005 
Koppers Holdings, Inc.2   25,073    1,061,842 
Kraton Corp.2   44,343    1,371,086 
LSB Industries, Inc.1,2   32,738    307,082 
Materion Corp.   21,321    715,320 
Myers Industries, Inc.   28,941    458,715 
Neenah Paper, Inc.   9,141    682,833 
Olympic Steel, Inc.   36,779    682,618 
PH Glatfelter Co.   54,800    1,191,352 
Quaker Chemical Corp.   4,178    550,075 
Rayonier Advanced Materials, Inc.1   47,595    640,153 
Schweitzer-Mauduit International, Inc.   15,117    626,146 
Stepan Co.   16,550    1,304,306 
           
    Shares    Value 
Stillwater Mining Co.1,2   30,498   $526,700 
SunCoke Energy, Inc.2   91,445    819,347 
TimkenSteel Corp.1,2   32,454    613,705 
Tredegar Corp.   35,003    614,303 
U.S. Concrete, Inc.1,2   11,847    764,724 
Total Materials        34,124,577 
Media—1.1%     
E.W. Scripps Co., (The), Class A1,2   30,631    717,991 
Gannett Co., Inc.   277,735    2,327,419 
New Media Investment Group, Inc.   62,145    883,080 
Scholastic Corp.   29,205    1,243,257 
World Wrestling Entertainment, Inc., Class A   26,313    584,675 
Total Media        5,756,422 
Pharmaceuticals, Biotechnology & Life Sciences—1.4%     
Acorda Therapeutics, Inc.1,2   13,513    283,773 
Albany Molecular Research, Inc.1,2   30,624    429,655 
AMAG Pharmaceuticals, Inc.1,2   16,888    380,824 
Amphastar Pharmaceuticals, Inc.1,2   13,939    202,115 
ANI Pharmaceuticals, Inc.1,2   2,039    100,951 
Cambrex Corp.1,2   7,147    393,442 
Depomed, Inc.1,2   20,927    262,634 
Eagle Pharmaceuticals, Inc.1,2   1,708    141,662 
Emergent BioSolutions, Inc.1,2   11,828    343,485 
Enanta Pharmaceuticals, Inc.2   1,270    39,116 
Heska Corp.2   4,183    439,131 
Impax Laboratories, Inc.2   63,830    807,449 
Innoviva, Inc.1,2   7,928    109,644 
Lannett Co., Inc.1,2   22,561    504,238 
Ligand Pharmaceuticals, Inc.1,2   738    78,110 
Luminex Corp.   10,977    201,647 
Medicines Co. (The)1,2   2,012    98,387 
MiMedx Group, Inc.1,2   20,928    199,444 
Momenta Pharmaceuticals, Inc.2   5,876    78,445 
Myriad Genetics, Inc.1,2   29,113    558,970 
Nektar Therapeutics1,2   7,870    184,709 
Phibro Animal Health Corp., Class A   19,837    557,420 
Progenics Pharmaceuticals, Inc.1,2   3,875    36,580 
Repligen Corp.1,2   2,292    80,678 
SciClone Pharmaceuticals, Inc.2   12,337    120,903 
Spectrum Pharmaceuticals, Inc.1,2   16,363    106,360 
Sucampo Pharmaceuticals, Inc., Class A1,2   15,629    171,919 
Supernus Pharmaceuticals, Inc.1,2   5,582    174,717 
Total Pharmaceuticals, Biotechnology & Life Sciences        7,086,408 
Real Estate—1.2%     
Acadia Realty Trust   6,074    182,584 

 

 

   Shares  Value
Agree Realty Corp.   1,422   $68,199 
American Assets Trust, Inc.   5,110    213,802 
CareTrust REIT, Inc.   4,993    83,982 
Cedar Realty Trust, Inc.   21,212    106,484 
Chesapeake Lodging Trust   19,039    456,174 
CoreSite Realty Corp.   3,327    299,596 
DiamondRock Hospitality Co.   59,971    668,677 
EastGroup Properties, Inc.   2,613    192,134 
Forestar Group, Inc.2   11,358    155,037 
Four Corners Property Trust, Inc.   4,296    98,078 
Franklin Street Properties Corp.1   15,838    192,273 
Getty Realty Corp.   3,473    87,763 
Government Properties Income Trust1   10,949    229,163 
Hersha Hospitality Trust   18,026    338,709 
HFF, Inc., Class A   12,669    350,551 
Kite Realty Group Trust   12,219    262,708 
Lexington Realty Trust   32,150    320,857 
LTC Properties, Inc.   2,624    125,690 
Parkway, Inc.   4,312    85,766 
Pennsylvania Real Estate Investment Trust1   20,401    308,871 
PS Business Parks, Inc.   2,567    294,589 
RE/MAX Holdings, Inc., Class A1   2,322    138,043 
Retail Opportunity Investments Corp.1   8,349    175,579 
Sabra Health Care REIT, Inc.1   7,227    201,850 
Saul Centers, Inc.   2,538    156,392 
Summit Hotel Properties, Inc.   22,431    358,447 
Universal Health Realty Income Trust   831    53,600 
Urstadt Biddle Properties, Inc., Class A   4,139    85,098 
Total Real Estate        6,290,696 
Retailing—15.0%     
Abercrombie & Fitch Co., Class A1   213,122    2,542,545 
Asbury Automotive Group, Inc.2   76,947    4,624,515 
Ascena Retail Group, Inc.1,2   1,242,110    5,291,389 
Barnes & Noble Education, Inc.1,2   140,056    1,343,137 
Barnes & Noble, Inc.   328,167    3,035,545 
Big 5 Sporting Goods Corp.1   49,662    749,896 
Buckle, Inc. (The)   40,504    753,374 
Caleres, Inc.   60,839    1,607,366 
Cato Corp., (The), Class A   32,139    705,772 
Children's Place, Inc. (The)   11,036    1,324,872 
Core-Mark Holding Co., Inc.   241,514    7,532,822 
DSW, Inc., Class A   14,416    298,123 
Express, Inc.2   178,157    1,623,010 
Finish Line, Inc., (The), Class A1   83,134    1,182,997 
Five Below, Inc.1,2   17,808    771,265 
           
    Shares    Value 
Francesca's Holdings Corp.1,2   21,553   $330,839 
Fred's, Inc., Class A1   104,100    1,363,710 
FTD Cos., Inc.2   45,721    920,821 
Genesco, Inc.2   36,761    2,038,397 
Group 1 Automotive, Inc.   102,761    7,612,535 
Guess?, Inc.1   126,652    1,412,170 
Haverty Furniture Cos., Inc.   26,471    644,569 
Hibbett Sports, Inc.1,2   24,153    712,514 
Kirkland's, Inc.2   36,010    446,524 
Lithia Motors, Inc., Class A1   68,983    5,908,394 
Lumber Liquidators Holdings, Inc.1,2   38,533    808,808 
MarineMax, Inc.1,2   32,534    704,361 
Monro Muffler Brake, Inc.1   13,419    699,130 
Nutrisystem, Inc.   7,840    435,120 
Ollie's Bargain Outlet Holdings, Inc.1,2   19,823    664,071 
PetMed Express, Inc.1   8,974    180,736 
Rent-A-Center, Inc.   233,723    2,073,123 
RH1,2   44,967    2,080,173 
Select Comfort Corp.1,2   39,608    981,882 
Shoe Carnival, Inc.1   28,437    698,697 
Shutterfly, Inc.1,2   17,780    858,596 
Sonic Automotive, Inc., Class A   344,661    6,910,453 
Stein Mart, Inc.   339,038    1,020,504 
Tailored Brands, Inc.1   168,759    2,521,259 
Tile Shop Holdings, Inc.1   12,772    245,861 
Tuesday Morning Corp.1,2   200,423    751,586 
Vitamin Shoppe, Inc.2   49,705    1,001,556 
Zumiez, Inc.1,2   34,056    623,225 
Total Retailing        78,036,242 
Semiconductors & Semiconductor Equipment—1.1%     
Advanced Energy Industries, Inc.2   5,251    360,009 
Brooks Automation, Inc.   21,312    477,389 
Cabot Microelectronics Corp.   4,758    364,510 
CEVA, Inc.1,2   1,529    54,279 
Cohu, Inc.   11,969    220,948 
Diodes, Inc.2   28,752    691,486 
DSP Group, Inc.2   9,226    110,712 
Exar Corp.2   8,150    106,031 
Kopin Corp.1,2   4,407    18,069 
Kulicke & Soffa Industries, Inc.2   24,169    491,114 
MKS Instruments, Inc.1   13,980    961,125 
Nanometrics, Inc.2   5,588    170,210 
Power Integrations, Inc.1   4,313    283,580 
Rambus, Inc.2   18,934    248,793 
Rudolph Technologies, Inc.2   7,858    176,019 

 

 

   Shares  Value
Semtech Corp.2   11,292   $381,670 
Ultratech, Inc.2   4,877    144,457 
Veeco Instruments, Inc.1,2   8,391    250,471 
Xperi Corp.   5,529    187,709 
Total Semiconductors & Semiconductor Equipment        5,698,581 
Software & Services—2.8%     
8x8, Inc.2   12,613    192,348 
Blackbaud, Inc.1   7,106    544,817 
Blucora, Inc.1,2   21,002    363,335 
Bottomline Technologies (de), Inc.1,2   10,360    245,014 
CACI International, Inc., Class A2   24,885    2,919,010 
Cardtronics PLC, Class A2   20,034    936,589 
CSG Systems International, Inc.   14,562    550,589 
DHI Group, Inc.2   36,109    142,631 
Ebix, Inc.1   3,494    214,007 
Exlservice Holdings, Inc.2   11,216    531,190 
Forrester Research, Inc.   6,287    249,908 
Liquidity Services, Inc.2   30,101    240,808 
LivePerson, Inc.2   23,535    161,215 
ManTech International Corp., Class A   32,204    1,115,224 
MicroStrategy, Inc., Class A2   2,012    377,854 
Monotype Imaging Holdings, Inc.   7,674    154,247 
NIC, Inc.   11,101    224,240 
Perficient, Inc.2   20,182    350,360 
Progress Software Corp.   10,336    300,261 
Qualys, Inc.2   4,244    160,848 
QuinStreet, Inc.2   66,694    260,107 
Shutterstock, Inc.1,2   9,053    374,342 
SPS Commerce, Inc.2   2,493    145,816 
Stamps.com, Inc.1,2   2,025    239,659 
Sykes Enterprises, Inc.2   37,695    1,108,233 
Synchronoss Technologies, Inc.1,2   13,597    331,767 
TeleTech Holdings, Inc.   31,319    927,042 
TiVo Corp.   25,927    486,131 
VASCO Data Security International, Inc.2   10,837    146,299 
Virtusa Corp.2   18,532    560,037 
XO Group, Inc.2   6,590    113,414 
Total Software & Services        14,667,342 
Technology Hardware & Equipment—7.4%     
ADTRAN, Inc.   22,102    458,616 
Agilysys, Inc.1,2   10,231    96,683 
Anixter International, Inc.2   68,948    5,467,576 
Badger Meter, Inc.   8,194    301,129 
Bel Fuse, Inc., Class B   14,624    373,643 
Benchmark Electronics, Inc.2   53,575    1,703,685 
           
    Shares    Value 
Black Box Corp.   71,998   $644,382 
CalAmp Corp.1,2   14,796    248,425 
Comtech Telecommunications Corp.   24,533    361,616 
Cray, Inc.2   22,853    500,481 
CTS Corp.1   13,211    281,394 
Daktronics, Inc.   46,515    439,567 
Digi International, Inc.2   11,736    139,658 
Electro Scientific Industries, Inc.2   17,658    123,076 
Electronics For Imaging, Inc.1,2   15,664    764,873 
ePlus, Inc.2   7,304    986,405 
Fabrinet1,2   22,174    931,973 
FARO Technologies, Inc.1,2   6,786    242,600 
Harmonic, Inc.1,2   51,782    308,103 
II-VI, Inc.2   19,814    714,295 
Insight Enterprises, Inc.2   93,419    3,838,587 
Itron, Inc.2   24,440    1,483,508 
Ixia2   18,345    360,479 
Lumentum Holdings, Inc.2   16,181    863,256 
Methode Electronics, Inc.   13,128    598,637 
MTS Systems Corp.1   7,836    431,372 
NETGEAR, Inc.2   18,343    908,896 
OSI Systems, Inc.1,2   9,119    665,596 
Park Electrochemical Corp.   4,819    86,067 
Plexus Corp.2   33,521    1,937,514 
Rogers Corp.2   5,863    503,456 
Sanmina Corp.2   122,711    4,982,067 
ScanSource, Inc.2   65,074    2,554,155 
Super Micro Computer, Inc.1,2   65,718    1,665,951 
TTM Technologies, Inc.1,2   116,327    1,876,355 
Viavi Solutions, Inc.2   63,364    679,262 
Total Technology Hardware & Equipment        38,523,338 
Telecommunication Services—0.7%     
ATN International, Inc.   4,660    328,157 
Cincinnati Bell, Inc.1,2   46,497    822,997 
Cogent Communications Holdings, Inc.1   7,930    341,387 
Consolidated Communications Holdings, Inc.   23,203    543,414 
General Communication, Inc., Class A2   36,694    763,235 
Iridium Communications, Inc.1,2   35,073    338,455 
Lumos Networks Corp.2   8,616    152,503 
Spok Holdings, Inc.   7,367    139,973 
Total Telecommunication Services        3,430,121 
Transportation—3.6%     
Allegiant Travel Co.1   6,322    1,013,100 
ArcBest Corp.   71,733    1,865,058 

 

 

         
   Shares   Value 
Atlas Air Worldwide Holdings, Inc.2   25,155    1,394,845 
Celadon Group, Inc.   94,605   $619,663 
Echo Global Logistics, Inc.2   59,246    1,264,902 
Forward Air Corp.   15,173    721,779 
Hawaiian Holdings, Inc.2   36,453    1,693,242 
Heartland Express, Inc.   22,357    448,258 
Hub Group, Inc., Class A2   54,688    2,537,523 
Knight Transportation, Inc.1   24,979    783,092 
Marten Transport Ltd.   20,508    480,912 
Matson, Inc.   44,239    1,405,031 
Roadrunner Transportation Systems, Inc.2   208,824    1,434,621 
Saia, Inc.2   19,749    874,881 
SkyWest, Inc.   63,212    2,165,011 
Total Transportation        18,701,918 
Utilities—1.2%     
ALLETE, Inc.   14,823    1,003,665 
American States Water Co.1   7,301    323,434 
Avista Corp.   26,936    1,051,851 
California Water Service Group1   12,916    463,039 
El Paso Electric Co.   13,431    678,265 
Northwest Natural Gas Co.1   8,639    510,565 
South Jersey Industries, Inc.   22,577    804,870 
Spire, Inc.1   18,268    1,233,090 
Total Utilities        6,068,779 
Total Common Stocks          
(Cost $467,335,427)        519,684,525 
           
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—9.9%          
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.91% 3
(Cost $51,754,523)		   51,754,523    51,754,523 
Total Investments—109.6%
(Cost $519,089,950)		        571,439,048 
Liabilities in Excess of Other Assets—(9.6)%        (49,965,774)
Net Assets—100.0%       $521,473,274 
           

 

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 $113,768,294; total value of the collateral held by the fund was $116,384,676. The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $64,630,153.
2 Non-income producing security.
3 Rate shown represents annualized 7-day yield as of March 31, 2017.

 

 

Schedule of Investments

OPPENHEIMER FINANCIALS SECTOR REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

Its

 

   Shares   Value 
COMMON STOCKS—99.8%        
Banks—32.7%     
Bank of America Corp.   87,076   $2,054,123 
BB&T Corp.   5,743    256,712 
Citigroup, Inc.   31,776    1,900,840 
Citizens Financial Group, Inc.   3,666    126,660 
Comerica, Inc.   974    66,797 
Fifth Third Bancorp   5,846    148,488 
Huntington Bancshares, Inc.   6,359    85,147 
JPMorgan Chase & Co.   26,924    2,365,004 
KeyCorp   6,884    122,398 
M&T Bank Corp.   829    128,271 
People's United Financial, Inc.   1,830    33,306 
PNC Financial Services Group, Inc. (The)   3,071    369,257 
Regions Financial Corp.   9,216    133,909 
SunTrust Banks, Inc.   3,680    203,504 
U.S. Bancorp   9,686    498,829 
Wells Fargo & Co.   37,283    2,075,172 
Zions Bancorporation   1,294    54,348 
Total Banks        10,622,765 
Capital Markets—12.8%     
Affiliated Managers Group, Inc.   310    50,821 
Ameriprise Financial, Inc.   2,052    266,103 
Bank of New York Mellon Corp. (The)   7,591    358,523 
BlackRock, Inc.   672    257,719 
CBOE Holdings, Inc.   195    15,809 
Charles Schwab Corp. (The)   4,182    170,668 
CME Group, Inc.   703    83,516 
E*TRADE Financial Corp.1   1,348    47,032 
Franklin Resources, Inc.   3,486    146,900 
Goldman Sachs Group, Inc. (The)   3,581    822,627 
Intercontinental Exchange, Inc.   2,297    137,521 
Invesco Ltd.   3,400    104,142 
Moody's Corp.   747    83,694 
Morgan Stanley   19,376    830,068 
Nasdaq, Inc.   1,225    85,076 
Northern Trust Corp.   1,329    115,065 
Raymond James Financial, Inc.   1,731    132,006 
S&P Global, Inc.   1,018    133,093 
State Street Corp.   3,109    247,508 
T. Rowe Price Group, Inc.2   1,377    93,843 
Total Capital Markets        4,181,734 
Consumer Finance—6.5%     
American Express Co.   9,993    790,546 
Capital One Financial Corp.   7,184    622,566 
           
   Shares   Value 
Discover Financial Services   3,479   $237,929 
Navient Corp.   7,658    113,032 
Synchrony Financial   9,957    341,525 
Total Consumer Finance        2,105,598 
Diversified Financial Services—16.1%     
Berkshire Hathaway, Inc., Class B1   29,959    4,993,566 
Leucadia National Corp.   9,421    244,946 
Total Diversified Financial Services        5,238,512 
Insurance—31.7%     
Aflac, Inc.   7,301    528,738 
Allstate Corp. (The)   10,243    834,702 
American International Group, Inc.   19,823    1,237,550 
Aon PLC   2,288    271,563 
Arthur J. Gallagher & Co.   2,295    129,759 
Assurant, Inc.   1,646    157,473 
Chubb Ltd.   5,348    728,665 
Cincinnati Financial Corp.   1,699    122,787 
Hartford Financial Services Group, Inc. (The)   8,512    409,172 
Lincoln National Corp.   4,521    295,900 
Loews Corp.   6,451    301,713 
Marsh & McLennan Cos., Inc.   4,162    307,530 
MetLife, Inc.   27,516    1,453,395 
Principal Financial Group, Inc.2   4,545    286,835 
Progressive Corp. (The)   13,663    535,316 
Prudential Financial, Inc.   12,356    1,318,138 
Torchmark Corp.   1,172    90,291 
Travelers Cos., Inc. (The)   5,234    630,906 
Unum Group   5,366    251,612 
Willis Towers Watson PLC   1,419    185,733 
XL Group Ltd.   6,114    243,704 
Total Insurance        10,321,482 
Total Common Stocks          
(Cost $26,928,843)        32,470,091 
           
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—1.1%          
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.91% 3
(Cost $352,456)		   352,456    352,456 
Total Investments—100.9%
(Cost $27,281,299)		        32,822,547 
Liabilities in Excess of Other Assets—(0.9)%        (304,316)
Net Assets—100.0%       $32,518,231 
           

 

Schedule of Investments - concluded

OPPENHEIMER FINANCIALS SECTOR REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

PLC - Public Limited Company
 
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 $345,321; total value of the collateral held by the fund was $352,456.
3 Rate shown represents annualized 7-day yield as of March 31, 2017.

 

Schedule of Investments

OPPENHEIMER FINANCIALS SECTOR REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

 

Schedule of Investments

OPPENHEIMER ULTRA DIVIDEND REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

 

   Shares   Value 
COMMON STOCKS—99.4%        
Automobiles & Components—4.6%     
Ford Motor Co.   2,008,698   $23,381,245 
           
Banks—0.4%     
New York Community Bancorp, Inc.1   147,755    2,064,137 
           
Commercial & Professional Services—0.8%     
Pitney Bowes, Inc.   297,053    3,894,365 
           
Consumer Durables & Apparel—1.8%     
Mattel, Inc.   248,390    6,361,268 
Tupperware Brands Corp.   42,168    2,644,777 
Total Consumer Durables & Apparel        9,006,045 
Diversified Financials—1.4%     
Navient Corp.   378,356    5,584,534 
Waddell & Reed Financial, Inc., Class A   78,337    1,331,729 
Total Diversified Financials        6,916,263 
Energy—15.3%     
HollyFrontier Corp.1   433,488    12,285,050 
Occidental Petroleum Corp.   180,779    11,454,158 
ONEOK, Inc.1   193,746    10,741,278 
Valero Energy Corp.   373,770    24,777,213 
Western Refining, Inc.   247,808    8,690,627 
Williams Cos., Inc. (The)   306,507    9,069,542 
Total Energy        77,017,868 
Insurance—0.8%     
Mercury General Corp.1   62,709    3,824,622 
           
Materials—2.2%     
CF Industries Holdings, Inc.1   148,881    4,369,657 
Compass Minerals International, Inc.1   19,154    1,299,599 
Domtar Corp.   155,983    5,696,499 
Total Materials        11,365,755 
Real Estate—10.3%     
Care Capital Properties, Inc.1   16,401    440,695 
CoreCivic, Inc.   66,726    2,096,531 
Crown Castle International Corp.   50,889    4,806,466 
EPR Properties   7,903    581,898 
Extra Space Storage, Inc.1   16,820    1,251,240 
GEO Group, Inc. (The)   58,032    2,690,944 
HCP, Inc.   83,118    2,599,931 
Hospitality Properties Trust   77,078    2,430,269 
Host Hotels & Resorts, Inc.   346,479    6,465,298 
Iron Mountain, Inc.   118,653    4,232,353 
Kimco Realty Corp.   72,353    1,598,278 
           
   Shares   Value 
Lamar Advertising Co., Class A1   23,057   $1,723,280 
LaSalle Hotel Properties   49,265    1,426,222 
Liberty Property Trust   23,566    908,469 
Life Storage, Inc.1   6,518    535,258 
Macerich Co. (The)   19,578    1,260,823 
Medical Properties Trust, Inc.1   50,589    652,092 
National Retail Properties, Inc.   14,299    623,722 
Omega Healthcare Investors, Inc.1   33,487    1,104,736 
Realty Income Corp.   21,792    1,297,278 
Senior Housing Properties Trust   62,373    1,263,053 
Uniti Group, Inc.   34,805    899,709 
Ventas, Inc.   66,789    4,343,957 
Washington Prime Group, Inc.   114,837    997,934 
Weingarten Realty Investors1   20,294    677,617 
Welltower, Inc.1   74,098    5,247,620 
Total Real Estate        52,155,673 
Retailing—23.4%     
GameStop Corp., Class A1   429,304    9,680,805 
Kohl's Corp.1   556,037    22,135,833 
L Brands, Inc.   288,131    13,570,970 
Macy's, Inc.   846,533    25,091,238 
Staples, Inc.   2,459,865    21,573,016 
Target Corp.   469,648    25,919,873 
Total Retailing        117,971,735 
Technology Hardware & Equipment—2.5%     
Seagate Technology PLC1   271,406    12,465,678 
           
Telecommunication Services—15.6%     
AT&T, Inc.   596,448    24,782,415 
CenturyLink, Inc.1   856,775    20,194,187 
Frontier Communications Corp.1   4,206,566    9,002,051 
Verizon Communications, Inc.   506,183    24,676,421 
Total Telecommunication Services        78,655,074 
Utilities—20.3%     
AES Corp.   1,384,641    15,480,286 
Duke Energy Corp.   309,955    25,419,410 
Entergy Corp.   168,181    12,775,029 
FirstEnergy Corp.   537,361    17,098,827 
PPL Corp.   237,566    8,882,593 
Southern Co. (The)   457,940    22,796,253 
Total Utilities        102,452,398 
Total Common Stocks          
(Cost $506,092,435)        501,170,858 
           

 

Schedule of Investments - concluded

OPPENHEIMER ULTRA DIVIDEND REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

         
   Shares   Value 

 

INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—7.8%

        

 

Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.91% 2
(Cost $39,028,739)

   39,028,739   $39,028,739 
Total Investments—107.2%
(Cost $545,121,174)		        540,199,597 
Liabilities in Excess of Other Assets—(7.2)%        (36,123,278)
Net Assets—100.0%       $504,076,319 
           

 

 

PLC - Public Limited Company
 
1 All or a portion of the security was on loan. The aggregate value of the securities on loan was $70,145,676; total value of the collateral held by the fund was $71,785,514. The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $32,756,775.
2 Rate shown represents annualized 7-day yield as of March 31, 2017.

 

Schedule of Investments

OPPENHEIMER ESG REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

   Shares   Value 
COMMON STOCKS—99.8%        
Automobiles & Components—3.5%     
BorgWarner, Inc.   910   $38,029 
Delphi Automotive PLC   892    71,797 
Ford Motor Co.   52,915    615,931 
Goodyear Tire & Rubber Co. (The)   1,813    65,268 
Total Automobiles & Components        791,025 
Banks—2.2%     
Bank of America Corp.   16,402    386,923 
Comerica, Inc.   181    12,413 
U.S. Bancorp   1,824    93,936 
Total Banks        493,272 
Capital Goods—10.7%     
3M Co.   696    133,166 
Cummins, Inc.   501    75,751 
Deere & Co.   1,058    115,174 
Dover Corp.   378    30,372 
Eaton Corp. PLC   1,178    87,349 
Emerson Electric Co.   1,298    77,698 
Flowserve Corp.1   370    17,916 
Fluor Corp.   1,539    80,982 
General Electric Co.   17,734    528,473 
Illinois Tool Works, Inc.   443    58,684 
Ingersoll-Rand PLC   738    60,014 
Johnson Controls International PLC   3,660    154,159 
Lockheed Martin Corp.   774    207,123 
Northrop Grumman Corp.   444    105,601 
Parker-Hannifin Corp.   311    49,860 
Raytheon Co.   686    104,615 
Rockwell Automation, Inc.   169    26,315 
Rockwell Collins, Inc.   238    23,124 
Stanley Black & Decker, Inc.   385    51,155 
Textron, Inc.   1,270    60,439 
United Rentals, Inc.2   195    24,385 
United Technologies Corp.   2,240    251,350 
W.W. Grainger, Inc.1   182    42,362 
Xylem, Inc.   342    17,175 
Total Capital Goods        2,383,242 
Commercial & Professional Services—0.4%     
Nielsen Holdings PLC   632    26,108 
Waste Management, Inc.   813    59,284 
Total Commercial & Professional Services        85,392 
Consumer Durables & Apparel—2.3%     
Coach, Inc.   504    20,830 
Hanesbrands, Inc.1   1,269    26,344 
           
   Shares   Value 
Hasbro, Inc.   222   $22,160 
Mattel, Inc.   913    23,382 
Mohawk Industries, Inc.2   172    39,472 
Newell Brands, Inc.   1,193    56,274 
NIKE, Inc., Class B   2,564    142,892 
PVH Corp.   392    40,560 
VF Corp.1   983    54,036 
Whirlpool Corp.   500    85,665 
Total Consumer Durables & Apparel        511,615 
Consumer Services—1.2%     
Darden Restaurants, Inc.   407    34,054 
Marriott International, Inc., Class A   837    78,829 
Royal Caribbean Cruises Ltd.   387    37,968 
Starbucks Corp.   1,752    102,299 
Wyndham Worldwide Corp.   296    24,950 
Total Consumer Services        278,100 
Diversified Financials—2.5%     
Bank of New York Mellon Corp. (The)   1,430    67,539 
BlackRock, Inc.   149    57,143 
Goldman Sachs Group, Inc. (The)   672    154,372 
Invesco Ltd.   623    19,082 
Morgan Stanley   3,649    156,323 
Northern Trust Corp.   245    21,212 
S&P Global, Inc.   192    25,102 
State Street Corp.   575    45,776 
T. Rowe Price Group, Inc.   257    17,515 
Total Diversified Financials        564,064 
Energy—4.3%     
Apache Corp.   449    23,074 
Baker Hughes, Inc.   739    44,207 
ConocoPhillips   2,273    113,355 
Devon Energy Corp.   1,102    45,975 
EQT Corp.   126    7,699 
Halliburton Co.   1,359    66,876 
Hess Corp.   425    20,489 
Marathon Oil Corp.   1,137    17,965 
Marathon Petroleum Corp.   4,776    241,379 
Newfield Exploration Co.2   183    6,755 
Noble Energy, Inc.   432    14,835 
Occidental Petroleum Corp.   683    43,275 
ONEOK, Inc.1   724    40,139 
Schlumberger Ltd.   1,714    133,863 
TechnipFMC PLC2   1,107    35,977 
Tesoro Corp.   1,238    100,352 
Total Energy        956,215 

 

Schedule of Investments - continued

OPPENHEIMER ESG REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

   Shares   Value 
Food & Staples Retailing—6.8%     
CVS Health Corp.   9,819   $770,791 
Kroger Co. (The)   17,383    512,625 
Sysco Corp.   4,451    231,096 
Total Food & Staples Retailing        1,514,512 
Food, Beverage & Tobacco—5.2%     
Altria Group, Inc.   1,127    80,490 
Brown-Forman Corp., Class B   285    13,161 
Campbell Soup Co.   591    33,829 
Coca-Cola Co. (The)   4,382    185,972 
Conagra Brands, Inc.   1,035    41,752 
Dr Pepper Snapple Group, Inc.   296    28,984 
General Mills, Inc.   1,150    67,862 
Hershey Co. (The)   300    32,775 
Hormel Foods Corp.   1,186    41,071 
J.M. Smucker Co. (The)   238    31,197 
Kellogg Co.   765    55,547 
McCormick & Co., Inc.   191    18,632 
Molson Coors Brewing Co., Class B   219    20,961 
Mondelez International, Inc., Class A   2,565    110,500 
PepsiCo, Inc.   2,492    278,755 
Philip Morris International, Inc.   1,047    118,206 
Total Food, Beverage & Tobacco        1,159,694 
Health Care Equipment & Services—11.0%     
Abbott Laboratories   2,029    90,108 
Baxter International, Inc.   859    44,548 
Becton Dickinson and Co.   297    54,482 
Boston Scientific Corp.2   1,500    37,305 
C.R. Bard, Inc.   64    15,906 
Cigna Corp.   1,136    166,413 
Edwards Lifesciences Corp.2   130    12,229 
Henry Schein, Inc.2   287    48,781 
Humana, Inc.   1,106    227,991 
McKesson Corp.   5,676    841,524 
Medtronic PLC   1,535    123,660 
UnitedHealth Group, Inc.   4,746    778,391 
Varian Medical Systems, Inc.2   157    14,307 
Total Health Care Equipment & Services        2,455,645 
Household & Personal Products—2.3%     
Church & Dwight Co., Inc.   307    15,310 
Clorox Co. (The)   188    25,348 
Colgate-Palmolive Co.   906    66,310 
Estee Lauder Cos., Inc., (The), Class A   588    49,857 
Kimberly-Clark Corp.   596    78,451 
Procter & Gamble Co. (The)   3,147    282,758 
           
   Shares   Value 
           
Total Household & Personal Products       $518,034 
Insurance—2.3%     
Allstate Corp. (The)   1,928    157,113 
Marsh & McLennan Cos., Inc.   782    57,782 
Principal Financial Group, Inc.   857    54,085 
Prudential Financial, Inc.   2,332    248,778 
Total Insurance        517,758 
Materials—4.1%     
Air Products & Chemicals, Inc.   283    38,287 
Albemarle Corp.   112    11,832 
Avery Dennison Corp.   333    26,840 
Ball Corp.   533    39,581 
E.I. du Pont de Nemours & Co.   1,301    104,509 
Eastman Chemical Co.   505    40,804 
Ecolab, Inc.   463    58,032 
FMC Corp.   239    16,632 
International Flavors & Fragrances, Inc.   108    14,313 
International Paper Co.   2,023    102,728 
LyondellBasell Industries NV, Class A   1,417    129,216 
Mosaic Co. (The)   1,083    31,602 
Newmont Mining Corp.   868    28,609 
PPG Industries, Inc.   626    65,780 
Praxair, Inc.   441    52,303 
Sealed Air Corp.   722    31,465 
Sherwin-Williams Co. (The)   168    52,112 
WestRock Co.   1,205    62,696 
Total Materials        907,341 
Media—3.3%     
Comcast Corp., Class A   9,392    353,045 
Time Warner, Inc.   1,310    128,000 
Walt Disney Co. (The)   2,176    246,737 
Total Media        727,782 
Pharmaceuticals, Biotechnology & Life Sciences—2.8%     
AbbVie, Inc.   1,699    110,707 
Agilent Technologies, Inc.   343    18,134 
Biogen, Inc.2   171    46,755 
Bristol-Myers Squibb Co.   1,485    80,754 
Celgene Corp.2   378    47,034 
Eli Lilly & Co.   1,090    91,680 
Pfizer, Inc.   6,727    230,131 
Total Pharmaceuticals, Biotechnology & Life Sciences        625,195 
Real Estate—1.0%     
AvalonBay Communities, Inc.   64    11,750 
Boston Properties, Inc.   85    11,255 
CBRE Group, Inc., Class A2   1,602    55,734 

 

Schedule of Investments - continued

OPPENHEIMER ESG REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

   Shares   Value 
Digital Realty Trust, Inc.1   90   $9,575 
HCP, Inc.   310    9,697 
Host Hotels & Resorts, Inc.   1,311    24,463 
Iron Mountain, Inc.   449    16,016 
Kimco Realty Corp.   268    5,920 
Macerich Co. (The)   70    4,508 
Prologis, Inc.   225    11,673 
Regency Centers Corp.   42    2,788 
Vornado Realty Trust   124    12,439 
Welltower, Inc.   275    19,476 
Weyerhaeuser Co.   829    28,169 
Total Real Estate        223,463 
Retailing—5.9%     
Bed Bath & Beyond, Inc.   1,347    53,153 
Best Buy Co., Inc.   3,926    192,963 
Gap, Inc. (The)   2,858    69,421 
Home Depot, Inc. (The)   2,783    408,628 
Kohl's Corp.   2,084    82,964 
L Brands, Inc.   1,078    50,774 
Macy's, Inc.   3,787    112,247 
Nordstrom, Inc.1   1,450    67,526 
Staples, Inc.   9,519    83,482 
Tiffany & Co.1   194    18,488 
TJX Cos., Inc. (The)   1,820    143,925 
Tractor Supply Co.   401    27,657 
Total Retailing        1,311,228 
Semiconductors & Semiconductor Equipment—2.6%     
Advanced Micro Devices, Inc.1,2   1,308    19,031 
Analog Devices, Inc.   181    14,833 
Applied Materials, Inc.   1,224    47,614 
Intel Corp.   7,460    269,082 
KLA-Tencor Corp.   154    14,641 
Lam Research Corp.   227    29,138 
Micron Technology, Inc.2   2,198    63,522 
NVIDIA Corp.   284    30,936 
Skyworks Solutions, Inc.   147    14,403 
Texas Instruments, Inc.   721    58,084 
Xilinx, Inc.   162    9,378 
Total Semiconductors & Semiconductor Equipment        570,662 
Software & Services—7.8%     
Accenture PLC, Class A   1,249    149,730 
Adobe Systems, Inc.2   211    27,458 
Alphabet, Inc., Class A2   229    194,146 
Alphabet, Inc., Class C2   235    194,947 
Autodesk, Inc.2   110    9,512 
           
   Shares   Value 
CA, Inc.   545   $17,287 
Cognizant Technology Solutions Corp., Class A2   1,004    59,758 
eBay, Inc.2   1,204    40,418 
International Business Machines Corp.   2,006    349,325 
Intuit, Inc.   169    19,602 
Microsoft Corp.   5,836    384,359 
Oracle Corp.   3,814    170,143 
salesforce.com, Inc.2   417    34,398 
Symantec Corp.   543    16,659 
Teradata Corp.2   329    10,239 
Visa, Inc., Class A   783    69,585 
Total Software & Services        1,747,566 
Technology Hardware & Equipment—3.1%     
Cisco Systems, Inc.   6,299    212,906 
HP, Inc.   12,107    216,473 
Juniper Networks, Inc.   768    21,373 
NetApp, Inc.   563    23,562 
Seagate Technology PLC   1,025    47,078 
TE Connectivity Ltd.   718    53,527 
Western Digital Corp.   916    75,598 
Xerox Corp.   6,516    47,827 
Total Technology Hardware & Equipment        698,344 
Telecommunication Services—5.6%     
AT&T, Inc.   16,955    704,480 
Verizon Communications, Inc.   11,080    540,150 
Total Telecommunication Services        1,244,630 
Transportation—4.3%     
CSX Corp.   1,018    47,388 
Delta Air Lines, Inc.   3,704    170,236 
FedEx Corp.   1,260    245,889 
Norfolk Southern Corp.   371    41,541 
Southwest Airlines Co.   1,659    89,188 
Union Pacific Corp.   834    88,337 
United Parcel Service, Inc., Class B   2,493    267,499 
Total Transportation        950,078 
Utilities—4.6%     
AES Corp.   5,297    59,220 
Ameren Corp.   489    26,694 
American Electric Power Co., Inc.   1,083    72,702 
American Water Works Co., Inc.   189    14,699 
CMS Energy Corp.   628    28,097 
Consolidated Edison, Inc.   686    53,275 
Dominion Resources, Inc.   665    51,584 
DTE Energy Co.   458    46,766 
Edison International   655    52,145 

 

Schedule of Investments- concluded

OPPENHEIMER ESG REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

   Shares   Value 
Entergy Corp.   637   $48,386 
Eversource Energy   569    33,446 
Exelon Corp.   3,812    137,156 
NextEra Energy, Inc.   540    69,320 
NiSource, Inc.   834    19,841 
NRG Energy, Inc.   3,120    58,344 
Pinnacle West Capital Corp.   185    15,425 
PPL Corp.   872    32,604 
Public Service Enterprise Group, Inc.   900    39,915 
Southern Co. (The)   1,732    86,219 
WEC Energy Group, Inc.   546    33,104 
Xcel Energy, Inc.   1,111    49,384 
Total Utilities        1,028,326 
Total Common Stocks          
(Cost $20,531,576)        22,263,183 
           
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—0.5%          
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.91% 3
(Cost $112,389)		   112,389    112,389 
Total Investments—100.3%
(Cost $20,643,965)		        22,375,572 
Liabilities in Excess of Other Assets—(0.3)%        (69,778)
Net Assets—100.0%       $22,305,794 
           

 

 

PLC - Public Limited Company
 
1 All or a portion of the security was on loan. The aggregate value of the securities on loan was $276,030; total value of the collateral held by the fund was $280,041. The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $167,652.
2 Non-income producing security.
3 Rate shown represents annualized 7-day yield as of March 31, 2017.

 

Schedule of Investments -

OPPENHEIMER GLOBAL ESG REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

 

 

 

   Shares   Value 
COMMON STOCKS—98.2%        
Automobiles & Components—1.8%     
Astra International Tbk PT   60,369   $39,074 
BorgWarner, Inc.   590    24,656 
BYD Co. Ltd., Class H   2,392    13,266 
Cie Generale des Etablissements Michelin   543    66,120 
Geely Automobile Holdings Ltd.   10,039    15,372 
Guangzhou Automobile Group Co. Ltd., Class H   3,280    5,251 
Hankook Tire Co. Ltd.   279    13,597 
Magna International, Inc.   2,177    93,681 
Stanley Electric Co. Ltd.   337    9,602 
Toyoda Gosei Co. Ltd.   709    18,013 
Valeo SA   724    48,343 
Total Automobiles & Components        346,975 
Capital Goods—18.6%     
3M Co.   423    80,933 
ABB Ltd.1   4,247    99,413 
Aboitiz Equity Ventures, Inc.   4,206    6,241 
AGCO Corp.   310    18,656 
Amada Holdings Co. Ltd.   600    6,844 
Arconic, Inc.   1,418    37,350 
Asahi Glass Co. Ltd.   3,715    30,072 
Ashtead Group PLC   373    7,710 
Atlas Copco AB, Class A   645    22,850 
Atlas Copco AB, Class B   312    9,952 
Bidvest Group Ltd. (The)2   1,040    11,934 
Boeing Co. (The)   1,447    255,916 
Brenntag AG   540    30,351 
CAE, Inc.   328    4,998 
Caterpillar, Inc.   1,118    103,706 
Cie de Saint-Gobain   2,404    123,765 
CNH Industrial NV   7,496    72,261 
Cummins, Inc.   321    48,535 
Daikin Industries Ltd.   488    48,984 
Deere & Co.   657    71,521 
Eaton Corp. PLC   734    54,426 
Elbit Systems Ltd.   73    8,337 
Fastenal Co.   202    10,403 
Finning International, Inc.   555    10,337 
Flowserve Corp.   227    10,991 
Fluor Corp.   876    46,095 
Fortune Brands Home & Security, Inc.   228    13,874 
Fuji Electric Co. Ltd.   3,480    20,643 
Geberit AG   19    8,196 
GS Engineering & Construction Corp.1   1,002    27,507 
           
   Shares   Value 
HAP Seng Consolidated Bhd   1,375   $2,793 
Hitachi Construction Machinery Co. Ltd.   748    18,628 
HOCHTIEF AG   394    65,296 
Honeywell International, Inc.   838    104,641 
Hoshizaki Corp.   79    6,211 
Huntington Ingalls Industries, Inc.   85    17,020 
IMI PLC   341    5,087 
Ingersoll-Rand PLC   433    35,212 
Jacobs Engineering Group, Inc.   510    28,193 
Johnson Controls International PLC   1,740    73,289 
Kajima Corp.   6,510    42,415 
Komatsu Ltd.   1,783    46,427 
Koninklijke Philips NV   2,443    78,727 
Kurita Water Industries Ltd.   216    5,220 
L3 Technologies, Inc.   156    25,785 
Lockheed Martin Corp.   461    123,364 
Masco Corp.   583    19,816 
Metso OYJ   234    7,103 
Middleby Corp. (The)1   44    6,004 
Mitsubishi Electric Corp.   6,758    96,855 
Nabtesco Corp.   191    5,057 
Northrop Grumman Corp.   261    62,076 
OSRAM Licht AG   196    12,316 
Parker-Hannifin Corp.   189    30,300 
Prysmian SpA   863    22,872 
Raytheon Co.   418    63,745 
Rexel SA   2,368    43,106 
Rockwell Automation, Inc.   92    14,325 
Sandvik AB   1,823    27,340 
Schindler Holding AG   89    16,885 
Schindler Holding AG   56    10,843 
Schneider Electric SE   1,118    82,065 
Sembcorp Industries Ltd.   6,784    15,439 
Shimizu Corp.   4,100    36,721 
Siemens AG   1,906    261,751 
Skanska AB, Class B   1,853    43,791 
SKF AB, Class B   1,122    22,281 
Smiths Group PLC   528    10,689 
SNC-Lavalin Group, Inc.   446    17,450 
Stanley Black & Decker, Inc.   245    32,553 
Taisei Corp.   4,996    36,361 
Thales SA   433    41,986 
THK Co. Ltd.   248    6,238 
Toshiba Corp.1,2   56,737    122,914 
TOTO Ltd.   362    13,661 

 

 

   Shares   Value 
United Rentals, Inc.1   123   $15,381 
United Technologies Corp.   1,377    154,513 
Volvo AB, Class B   5,705    84,537 
W.W. Grainger, Inc.2   111    25,836 
WABCO Holdings, Inc.1   64    7,515 
WEG SA   1,555    8,522 
Weir Group PLC (The)   259    6,209 
Wolseley PLC   798    50,093 
Xylem, Inc.   207    10,396 
Total Capital Goods        3,526,654 
Commercial & Professional Services—0.9%     
Dun & Bradstreet Corp. (The)   40    4,318 
Edenred   123    2,914 
Experian PLC   613    12,479 
IHS Markit Ltd.1   217    9,103 
Manpowergroup, Inc.   541    55,490 
Recruit Holdings Co. Ltd.   853    43,481 
SGS SA   14    29,890 
Wolters Kluwer NV   306    12,752 
Total Commercial & Professional Services        170,427 
Consumer Durables & Apparel—4.5%     
adidas AG   364    69,415 
Arcelik AS   1,856    11,549 
Burberry Group PLC   432    9,313 
Christian Dior SE   530    123,462 
Electrolux AB, Series B   1,513    42,213 
Hasbro, Inc.   112    11,180 
Hermes International   42    19,949 
Husqvarna AB, Class B   1,058    9,320 
Kering   134    34,748 
LVMH Moet Hennessy Louis Vuitton SE   532    117,129 
Mohawk Industries, Inc.1   106    24,326 
Newell Brands, Inc.   703    33,161 
PVH Corp.   245    25,350 
SEB SA   102    14,280 
Sega Sammy Holdings, Inc.   655    8,770 
Sekisui Chemical Co. Ltd.   1,635    27,453 
Sony Corp.   5,806    196,225 
Whirlpool Corp.   317    54,312 
Yamaha Corp.   396    10,892 
Total Consumer Durables & Apparel        843,047 
Consumer Services—1.1%     
Aramark   1,087    40,078 
Aristocrat Leisure Ltd.   358    4,908 
Domino's Pizza, Inc.   47    8,662 
           
   Shares   Value 
Hilton Worldwide Holdings, Inc.   372   $21,747 
InterContinental Hotels Group PLC   85    4,154 
Marriott International, Inc., Class A   710    66,868 
MGM China Holdings Ltd.   2,712    5,653 
OPAP SA   1,447    13,526 
Sands China Ltd.   3,970    18,390 
Shangri-La Asia Ltd.   4,418    6,435 
Tabcorp Holdings Ltd.   1,323    4,794 
Tatts Group Ltd.   1,919    6,485 
Tsogo Sun Holdings Ltd.   1,235    2,546 
Total Consumer Services        204,246 
Diversified Financials—1.4%     
Ally Financial, Inc.   1,168    23,745 
ASX Ltd.   42    1,617 
BlackRock, Inc.   76    29,147 
BM&FBovespa SA - Bolsa de Valores Mercadorias e Futuros   317    1,926 
Brookfield Asset Management, Inc., Class A   1,697    61,650 
Challenger Ltd.   401    3,839 
Grupo de Inversiones Suramericana SA   604    8,157 
L E Lundbergforetagen AB, Class B   53    3,606 
Macquarie Group Ltd.   173    11,904 
Metro Pacific Investments Corp.   16,927    2,031 
Onex Corp.   745    53,320 
TD Ameritrade Holding Corp.   206    8,005 
Voya Financial, Inc.   655    24,864 
Wendel SA   220    27,954 
Total Diversified Financials        261,765 
Energy—11.4%     
ARC Resources Ltd.   128    1,824 
Baker Hughes, Inc.   475    28,415 
Banpu PCL   8,192    4,720 
Cosan SA Industria e Comercio   527    6,450 
Empresas COPEC SA   4,252    46,059 
Enbridge, Inc.   1,730    72,267 
Encana Corp.   818    9,556 
Energy Absolute PCL   1,058    854 
Exxaro Resources Ltd.   495    4,352 
Galp Energia SGPS SA   2,353    35,799 
Grupa Lotos SA1   1,149    15,843 
Husky Energy, Inc.1   2,288    25,751 
Idemitsu Kosan Co. Ltd.   2,236    77,657 
IRPC PCL   94,573    14,174 
JXTG Holdings, Inc.   38,643    189,591 
Lundin Petroleum AB1   98    1,996 
Marathon Oil Corp.   815    12,877 

 

 

   Shares   Value 
MOL Hungarian Oil & Gas PLC   451   $30,927 
Neste OYJ1   888    34,723 
Newfield Exploration Co.1   109    4,023 
Novatek PJSC   180    22,410 
OMV AG   1,461    57,637 
Origin Energy Ltd.1   4,622    24,858 
Pembina Pipeline Corp.   258    8,152 
Polski Koncern Naftowy ORLEN SA   2,257    56,967 
PrairieSky Royalty Ltd.   17    358 
PTT Exploration & Production PCL   4,430    11,990 
PTT PCL   11,422    128,638 
Qatar Gas Transport Co. Ltd.   337    1,967 
Repsol SA   6,708    103,851 
Royal Dutch Shell PLC, Class A   13,934    365,202 
Royal Dutch Shell PLC, Class B   11,489    313,834 
Schlumberger Ltd.   995    77,710 
Statoil ASA   7,176    122,567 
Suncor Energy, Inc.   1,790    54,801 
TechnipFMC PLC1   1,491    48,458 
Thai Oil PCL   9,132    20,065 
Tourmaline Oil Corp.1   97    2,157 
TransCanada Corp.   602    27,702 
Ultrapar Participacoes SA   3,163    71,350 
Vermilion Energy, Inc.   26    972 
Woodside Petroleum Ltd.   471    11,526 
Total Energy        2,151,030 
Food & Staples Retailing—1.4%     
Jeronimo Martins SGPS SA   2,606    46,742 
Massmart Holdings Ltd.   1,464    14,867 
METRO AG   5,473    175,492 
Pick n Pay Stores Ltd.   2,783    13,809 
President Chain Store Corp.   2,468    20,335 
Total Food & Staples Retailing        271,245 
Food, Beverage & Tobacco—4.5%     
Archer-Daniels-Midland Co.   3,561    163,948 
Barry Callebaut AG1   19    24,847 
BRF SA   2,101    25,550 
Campbell Soup Co.   339    19,404 
Carlsberg A/S, Class B   209    19,359 
Coca-Cola Amatil Ltd.   1,273    10,507 
Coca-Cola European Partners PLC   811    30,403 
Conagra Brands, Inc.   658    26,544 
General Mills, Inc.   694    40,953 
Ingredion, Inc.   123    14,813 
Kirin Holdings Co. Ltd.   3,012    56,777 
           
   Shares   Value 
Kraft Heinz Co. (The)   824   $74,827 
M Dias Branco SA   96    3,864 
Marine Harvest ASA1   598    9,114 
McCormick & Co., Inc.   112    10,926 
Molson Coors Brewing Co., Class B   74    7,082 
Orkla ASA   1,355    12,132 
PepsiCo, Inc.   1,516    169,580 
Pioneer Foods Group Ltd.   296    3,899 
PT Indofood CBP Sukses Makmur Tbk   10,459    6,397 
Standard Foods Corp.   870    2,162 
Tiger Brands Ltd.   188    5,615 
Treasury Wine Estates Ltd.   512    4,777 
WhiteWave Foods Co. (The)1   202    11,342 
Wilmar International Ltd.   38,529    97,336 
Total Food, Beverage & Tobacco        852,158 
Health Care Equipment & Services—1.3%     
Align Technology, Inc.1   26    2,982 
Becton Dickinson and Co.   177    32,469 
Cochlear Ltd.   3    310 
Cooper Cos., Inc. (The)   33    6,596 
Edwards Lifesciences Corp.1   79    7,432 
HCA Holdings, Inc.1   1,257    111,860 
IDEXX Laboratories, Inc.1   23    3,556 
Miraca Holdings, Inc.   105    4,825 
Quest Diagnostics, Inc.   201    19,736 
Ramsay Health Care Ltd.   325    17,328 
ResMed, Inc.   60    4,318 
Ryman Healthcare Ltd.   34    200 
Shanghai Pharmaceuticals Holding Co. Ltd., Class H   4,804    12,579 
Sonic Healthcare Ltd.   606    10,226 
Sonova Holding AG   47    6,522 
Total Health Care Equipment & Services        240,939 
Household & Personal Products—1.1%     
Henkel AG & Co KGaA   284    31,636 
Natura Cosmeticos SA   799    7,300 
Procter & Gamble Co. (The)   1,847    165,953 
PT Unilever Indonesia Tbk   2,515    8,177 
Total Household & Personal Products        213,066 
Insurance—3.2%     
CNP Assurances   4,832    98,607 
Gjensidige Forsikring ASA   472    7,188 
Insurance Australia Group Ltd.   3,185    14,699 
Intact Financial Corp.   225    15,957 
Manulife Financial Corp.   3,164    55,966 
Mapfre SA   17,861    61,417 

 

 

   Shares   Value 
Marsh & McLennan Cos., Inc.   463   $34,211 
Progressive Corp. (The)   1,543    60,455 
RSA Insurance Group PLC   2,742    20,109 
Sanlam Ltd.   3,166    15,907 
Sun Life Financial, Inc.   789    28,728 
Suncorp Group Ltd.   2,195    22,120 
T&D Holdings, Inc.   2,405    34,878 
Zurich Insurance Group AG   485    129,566 
Total Insurance        599,808 
Materials—10.1%     
Agnico Eagle Mines Ltd.   112    4,738 
Air Products & Chemicals, Inc.   180    24,352 
Amcor Ltd.   2,222    25,528 
Anglo American PLC1   3,435    52,381 
Antofagasta PLC   857    8,943 
Arkema SA   228    22,552 
Asahi Kasei Corp.   4,549    44,090 
Avery Dennison Corp.   200    16,120 
Axalta Coating Systems Ltd1   382    12,300 
Ball Corp.   354    26,288 
BASF SE   1,761    175,013 
BHP Billiton Ltd.   2,590    47,498 
BHP Billiton PLC   1,896    29,256 
Boliden AB   383    11,454 
Boral Ltd.   2,796    12,456 
Cementos Argos SA   1,906    7,772 
Cemex SAB de CV1   37,809    34,027 
Covestro AG3   431    33,264 
CRH PLC   149    5,236 
CRH PLC   2,240    79,229 
Duratex SA   1,199    3,474 
E.I. du Pont de Nemours & Co.   809    64,987 
Ecolab, Inc.   292    36,599 
Fletcher Building Ltd.   2,222    12,923 
Franco-Nevada Corp.   4    261 
Fresnillo PLC   220    4,281 
Grupo Argos SA   1,532    10,715 
HeidelbergCement AG   459    43,083 
Hitachi Chemical Co. Ltd.   432    11,941 
Hitachi Metals Ltd.   1,563    21,910 
Hyosung Corp.   248    30,049 
Imerys SA   151    12,851 
Johnson Matthey PLC   956    36,819 
Kansai Paint Co. Ltd.   395    8,376 
Kinross Gold Corp.1   2,279    8,015 
           
   Shares   Value 
Koninklijke DSM NV   298   $20,210 
Kuraray Co. Ltd.   760    11,513 
LafargeHolcim Ltd.1   1,397    82,624 
Linde AG   319    53,259 
Mitsubishi Chemical Holdings Corp.   11,412    88,219 
Mondi Ltd.   200    4,781 
Mondi PLC   650    15,663 
Newcrest Mining Ltd.   510    8,664 
Nippon Paint Holdings Co. Ltd.2   395    13,736 
Nitto Denko Corp.   216    16,674 
Norsk Hydro ASA   4,785    27,778 
Orica Ltd.   717    9,627 
Praxair, Inc.   244    28,938 
PTT Global Chemical PCL   12,742    27,162 
Sherwin-Williams Co. (The)   104    32,260 
Shin-Etsu Chemical Co. Ltd.   347    30,032 
Siam Cement PCL (The)   2,157    33,897 
Siam Cement PCL (The)   2,157    33,897 
Sika AG   5    30,022 
Silver Wheaton Corp.   84    1,745 
Solvay SA   290    35,530 
South32 Ltd.   8,025    16,896 
Stora Enso OYJ, Class R   2,081    24,661 
Syngenta AG   89    39,310 
Teck Resources Ltd., Class B   809    17,640 
Teijin Ltd.   925    17,424 
thyssenkrupp AG   4,623    113,526 
Titan Cement Co. SA   169    4,320 
Umicore SA   537    30,670 
UPM-Kymmene OYJ   1,206    28,403 
voestalpine AG2   752    29,679 
Total Materials        1,907,541 
Media—1.4%     
Publicis Groupe SA   408    28,587 
Scripps Networks Interactive, Inc., Class A   62    4,859 
Time Warner, Inc.   757    73,966 
Walt Disney Co. (The)   1,354    153,530 
Total Media        260,942 
Pharmaceuticals, Biotechnology & Life Sciences—1.4%     
Actelion Ltd.1   18    5,084 
Agilent Technologies, Inc.   202    10,680 
Aspen Pharmacare Holdings Ltd.   306    6,269 
CSL Ltd.   175    16,731 
Genmab A/S1   5    966 
Lonza Group AG1   61    11,543 

 

 

   Shares   Value 
Merck & Co., Inc.   1,606   $102,045 
Merck KGaA   107    12,222 
Mettler-Toledo International, Inc.1   19    9,099 
Mitsubishi Tanabe Pharma Corp.   492    10,235 
Orion OYJ, Class B   26    1,359 
PT Kalbe Farma Tbk   33,667    3,891 
QIAGEN NV1   122    3,534 
Quintiles IMS Holdings, Inc.1   425    34,225 
Shanghai Fosun Pharmaceutical Group Co. Ltd., Class H   272    1,001 
Shionogi & Co. Ltd.   160    8,254 
Sumitomo Dainippon Pharma Co. Ltd.   532    8,775 
Waters Corp.1   42    6,565 
Zoetis, Inc.   244    13,022 
Total Pharmaceuticals, Biotechnology & Life Sciences        265,500 
Real Estate—1.1%     
Alexandria Real Estate Equities, Inc.   28    3,095 
American Tower Corp.   132    16,043 
Ascendas Real Estate Investment Trust   857    1,546 
Azrieli Group Ltd.   23    1,218 
CapitaLand Commercial Trust   478    529 
CapitaLand Ltd.   3,934    10,220 
Central Pattana PCL   1,291    2,132 
City Developments Ltd.   1,008    7,358 
Deutsche Wohnen AG   76    2,509 
Dexus Property Group   227    1,692 
Equinix, Inc.   28    11,210 
First Capital Realty, Inc.   84    1,262 
Global Logistic Properties Ltd.   1,136    2,260 
Goodman Group   613    3,619 
Growthpoint Properties Ltd.2   967    1,868 
Hang Lung Group Ltd.   924    3,941 
Hang Lung Properties Ltd.   1,431    3,719 
Host Hotels & Resorts, Inc.   818    15,264 
Hyprop Investments Ltd.   64    586 
Hysan Development Co. Ltd.   252    1,143 
Iron Mountain, Inc.   266    9,488 
LendLease Group   2,690    31,971 
Liberty Property Trust   51    1,966 
Link REIT   477    3,342 
Mirvac Group   2,842    4,748 
Multiplan Empreendimentos Imobiliarios SA   45    940 
Nippon Prologis REIT, Inc.   5    10,827 
Prologis, Inc.   126    6,537 
Redefine Properties Ltd.   1,724    1,416 
           
   Shares   Value 
Scentre Group   1,706   $5,583 
SM Prime Holdings, Inc.   8,098    4,567 
Stockland   1,314    4,651 
Vonovia SE   158    5,582 
Vornado Realty Trust   62    6,219 
Weyerhaeuser Co.   557    18,927 
Total Real Estate        207,978 
Retailing—2.4%     
AutoNation, Inc.1   1,263    53,412 
Best Buy Co., Inc.   2,366    116,289 
Canadian Tire Corp. Ltd., Class A   195    23,099 
Foschini Group Ltd. (The)   391    4,505 
Harvey Norman Holdings Ltd.2   909    3,141 
Home Product Center PCL   15,849    4,451 
Imperial Holdings Ltd.   1,667    20,513 
Jardine Cycle & Carriage Ltd.   1,412    44,322 
LKQ Corp.1   734    21,484 
Lojas Renner SA   658    5,762 
Nitori Holdings Co. Ltd.   106    13,384 
Priceline Group, Inc. (The)1   20    35,599 
S.A.C.I. Falabella   4,214    35,323 
Tiffany & Co.2   125    11,913 
Yamada Denki Co. Ltd.2   8,820    43,930 
Zalando SE1,3   246    9,978 
Total Retailing        447,105 
Semiconductors & Semiconductor Equipment—2.3%     
Advanced Semiconductor Engineering, Inc.   646    825 
Analog Devices, Inc.   104    8,523 
Applied Materials, Inc.   804    31,276 
ASM Pacific Technology Ltd.   338    4,597 
ASML Holding NV   152    20,224 
Infineon Technologies AG   1,038    21,255 
Intel Corp.   4,240    152,937 
Lam Research Corp.   121    15,531 
NVIDIA Corp.   149    16,231 
Skyworks Solutions, Inc.   97    9,504 
STMicroelectronics NV   1,267    19,419 
Taiwan Semiconductor Manufacturing Co. Ltd.   12,365    77,020 
Texas Instruments, Inc.   454    36,574 
Tokyo Electron Ltd.   150    16,362 
Total Semiconductors & Semiconductor Equipment        430,278 
Software & Services—6.9%     
Accenture PLC, Class A   775    92,907 
Adobe Systems, Inc.1   124    16,136 
Alphabet, Inc., Class A1   120    101,736 

 

 

   Shares   Value 
Alphabet, Inc., Class C1   142   $117,798 
Amadeus IT Group SA, Class A   244    12,412 
Atos SE   284    35,220 
Autodesk, Inc.1   48    4,151 
Automatic Data Processing, Inc.   294    30,103 
CA, Inc.   336    10,658 
Cadence Design Systems, Inc.1   136    4,270 
CGI Group, Inc., Class A1   413    19,733 
Cielo SA   1,141    10,174 
Citrix Systems, Inc.1   112    9,340 
Computershare Ltd.   513    5,502 
Fujitsu Ltd.   18,694    114,231 
International Business Machines Corp.   1,171    203,918 
Intuit, Inc.   88    10,207 
Konami Holdings Corp.   135    5,724 
Microsoft Corp.   3,526    232,222 
Nintendo Co. Ltd.   57    13,215 
Oracle Corp.   2,346    104,655 
Oracle Corp. Japan   59    3,367 
PayPal Holdings, Inc.1   638    27,447 
salesforce.com, Inc.1   252    20,787 
SAP SE   674    66,306 
Symantec Corp.   231    7,087 
VMware Inc, Class A1,2   40    3,686 
Western Union Co. (The)   722    14,693 
Workday, Inc., Class A1   4    333 
Yahoo!, Inc.1   272    12,624 
Total Software & Services        1,310,642 
Technology Hardware & Equipment—11.9%     
AAC Technologies Holdings, Inc.   461    5,395 
Acer, Inc.1   42,083    19,972 
Amphenol Corp., Class A   216    15,373 
Apple, Inc.   4,203    603,803 
AU Optronics Corp.   68,719    26,838 
Avnet, Inc.   1,398    63,973 
Cisco Systems, Inc.   3,866    130,671 
Corning, Inc.   874    23,598 
Delta Electronics, Inc.   3,181    17,036 
F5 Networks, Inc.1   26    3,707 
Flex Ltd.1   3,986    66,965 
Hewlett Packard Enterprise Co.   6,041    143,172 
Hexagon AB, Class B   200    8,064 
Hirose Electric Co. Ltd.   8    1,106 
Hitachi High-Technologies Corp.   341    13,878 
HP, Inc.   7,305    130,613 
           
   Shares   Value 
Keyence Corp.   19   $7,601 
Konica Minolta, Inc.   2,382    21,291 
Kyocera Corp.   612    34,063 
LG Display Co. Ltd.   2,461    66,570 
Lite-On Technology Corp.   11,026    19,005 
Micro-Star International Co. Ltd.   3,641    8,472 
Motorola Solutions, Inc.   193    16,640 
Nippon Electric Glass Co. Ltd.   916    5,532 
Omron Corp.   433    18,982 
Samsung Electronics Co. Ltd.   324    596,834 
Samsung SDI Co. Ltd.   118    14,561 
Seiko Epson Corp.   1,200    25,243 
TDK Corp.   398    25,181 
TE Connectivity Ltd.   418    31,162 
Trimble, Inc.1   188    6,018 
Wistron Corp.   62,846    57,580 
Yaskawa Electric Corp.   484    9,703 
Yokogawa Electric Corp.   588    9,245 
Total Technology Hardware & Equipment        2,247,847 
Telecommunication Services—1.8%     
Far EasTone Telecommunications Co. Ltd.   2,845    6,985 
KT Corp.   2,057    58,677 
NTT DOCOMO, Inc.   4,847    112,769 
Ooredoo Q.S.C.   801    21,251 
Rogers Communications, Inc., Class B   507    22,353 
Singapore Telecommunications Ltd.   11,076    31,073 
Spark New Zealand Ltd.   2,725    6,667 
Taiwan Mobile Co. Ltd.   3,597    13,218 
TDC A/S   1,630    8,431 
Telekomunikasi Indonesia Persero Tbk PT   72,448    22,454 
TELUS Corp.   801    25,928 
Vodacom Group Ltd.   1,361    15,428 
Total Telecommunication Services        345,234 
Transportation—3.8%     
Aena SA3   84    13,324 
A.P. Moeller - Maersk A/S, Class A   31    50,160 
A.P. Moeller - Maersk A/S, Class B   28    46,594 
Auckland International Airport Ltd.   210    992 
Aurizon Holdings Ltd.   1,738    6,961 
C.H. Robinson Worldwide, Inc.2   447    34,549 
Canadian National Railway Co.   336    24,730 
Canadian Pacific Railway Ltd.   88    12,890 
CSX Corp.   607    28,256 
Deutsche Post AG   4,906    168,462 
DSV A/S   502    26,065 

 

 

 

   Shares   Value 
Expeditors International of Washington, Inc.   281   $15,874 
Hankyu Hanshin Holdings, Inc.   533    17,315 
Kansas City Southern   72    6,175 
Localiza Rent a Car SA   281    3,688 
Mitsui OSK Lines Ltd.   10,857    34,102 
MTR Corp. Ltd.   2,829    15,890 
Nagoya Railroad Co. Ltd.   3,123    14,041 
Norfolk Southern Corp.   220    24,633 
SATS Ltd.   929    3,244 
Southwest Airlines Co.   962    51,717 
United Parcel Service, Inc., Class B   1,186    127,258 
Total Transportation        726,920 
Utilities—3.9%     
AES Corp.   3,020    33,764 
AES Tiete Energia SA   228    984 
Ameren Corp.   300    16,377 
American Water Works Co., Inc.   102    7,933 
Atco Ltd./Canada, Class I   210    8,142 
AusNet Services   3,053    3,924 
Canadian Utilities Ltd., Class A   161    4,703 
China Longyuan Power Group Corp. Ltd., Class H   3,720    2,891 
CLP Holdings Ltd.   2,731    28,552 
CMS Energy Corp.   377    16,867 
Consolidated Edison, Inc.   431    33,471 
Contact Energy Ltd.   1,199    4,241 
CPFL Energia SA   1,850    15,016 
Dominion Resources, Inc.   407    31,571 
DTE Energy Co.   255    26,038 
Edison International   371    29,535 
EDP - Energias do Brasil SA   1,839    8,080 
Enel Americas SA   134,570    27,861 
Engie Brasil Energia SA   461    5,136 
Exelon Corp.   2,194    78,940 
Fortis, Inc./Canada   560    18,505 
Huaneng Renewables Corp. Ltd., Class H   4,056    1,404 
Hydro One Ltd.3   749    13,619 
Inter RAO UES PJSC   680,496    48,463 
Interconexion Electrica SA ESP   1,318    5,283 
Korea Gas Corp.1   1,190    47,832 
Mercury NZ Ltd.   1,323    2,913 
Meridian Energy Ltd.   2,390    4,678 
NextEra Energy, Inc.   343    44,031 
PG&E Corp.   696    46,187 
Pinnacle West Capital Corp.   119    9,922 
Public Service Enterprise Group, Inc.   552    24,481 
           
   Shares   Value 
RusHydro PJSC   1,015,721   $16,818 
SCANA Corp.   159    10,391 
Sempra Energy   231    25,526 
Toho Gas Co. Ltd.   1,384    9,775 
Xcel Energy, Inc.   668    29,693 
Total Utilities        743,547 
Total Common Stocks          
(Cost $17,445,634)        18,574,894 
PREFERRED STOCKS—1.2%          
Diversified Financials—0.0%4     
Grupo de Inversiones Suramericana SA   140    1,848 
Food & Staples Retailing—0.2%     
Cia Brasileira de Distribuicao   1,892    35,814 
Food, Beverage & Tobacco—0.0%4     
Embotelladora Andina SA, Class A   936    3,605 
Household & Personal Products—0.1%     
Henkel AG & Co KGaA   158    20,295 
Materials—0.1%     
Sociedad Quimica y Minera de Chile SA, Class B   69    2,360 
Braskem SA, Class A   1,798    17,980 
Total Materials        20,340 
Technology Hardware & Equipment—0.6%     
Samsung Electronics Co. Ltd.   76    108,940 
Telecommunication Services—0.1%     
Telefonica Brasil SA   1,574    23,177 
Utilities—0.1%     
Cia Paranaense de Energia   470    4,847 
Cia Energetica de Minas Gerais   3,407    11,074 
Total Utilities        15,921 
Total Preferred Stocks          
(Cost $201,069)        229,940 
           
INVESTMENT OF CASH COLLATERAL FOR SECURITIES LOANED—1.0%          
Dreyfus Institutional Preferred Money Market Fund-Institutional Shares, 0.91% 5
(Cost $184,327)		   184,327    184,327 
Total Investments—100.4%
(Cost $17,831,030)		        18,989,161 
Liabilities in Excess of Other Assets—(0.4)%        (82,522)
Net Assets—100.0%       $18,906,639 
           

 

Schedule of Investments - concluded

OPPENHEIMER GLOBAL ESG REVENUE ETF
MARCH 31, 2017 (UNAUDITED)

 

 

PCL - Public Company Limited
PLC - Public Limited Company
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 $250,692; total value of the collateral held by the fund was $265,453. The total value of the collateral includes non-cash U.S. Treasury securities collateral having a value of $81,126.
3 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.
4 Less than 0.05%
5 Rate shown represents annualized 7-day yield as of March 31, 2017.

 

 

 

Country  Value   % of Net Assets 
Australia  $388,347    2.1%
Austria   87,316    0.5 
Belgium   66,200    0.3 
Brazil   271,109    1.4 
Canada   752,991    4.0 
Chile   124,150    0.7 
China   57,159    0.3 
Colombia   33,775    0.2 
Denmark   151,574    0.8 
Finland   96,249    0.5 
France   943,638    5.0 
Germany   1,371,012    7.2 
Greece   17,846    0.1 
Hong Kong   86,011    0.5 
Hungary   30,927    0.2 
Indonesia   79,993    0.4 
Ireland   84,464    0.4 
Israel   9,554    0.01
Italy   22,872    0.1 
Japan   2,093,464    11.1 
Macau   5,653    0.01
Malaysia   2,793    0.01
Mexico   38,307    0.2 
Netherlands   810,951    4.3 
New Zealand   32,615    0.2 
Norway   178,779    0.9 
Philippines   12,839    0.1 
Poland   72,810    0.4 
Portugal   82,541    0.4 
Qatar   23,218    0.1 
           
Country  Value    % of Net Assets 
Russia  $87,691    0.5%
Singapore   213,326    1.1 
South Africa   143,956    0.8 
South Korea   964,569    5.1 
Spain   191,004    1.0 
Sweden   287,404    1.5 
Switzerland   564,254    3.0 
Taiwan   269,447    1.4 
Thailand   281,979    1.5 
Turkey   11,549    0.1 
United Kingdom   316,072    1.7 
United States   7,628,753    40.3 
Total Investments   18,989,161    100.4 
Liabilities  in Excess of Other Assets   (82,522)   (0.4)
Net Assets  $18,906,639    100.0%
           

 

 

 

 

1 Less than 0.05%

 

NOTES TO SCHEDULES OF INVESTMENTS (Unaudited)

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 seven 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, the Oppenheimer Global ESG Revenue ETF, and the Oppenheimer ESG Revenue ETF are diversified funds under the Act. The Oppenheimer Financials Sector 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”). The Trust’s investment adviser is VTL Associates, LLC (“VTL” or the “Adviser”).

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

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 as of 4:00 p.m., Eastern Time on each day the New York Stock Exchange (“NYSE”) is open for trading, except in the case of a scheduled early closing of the NYSE, in which case the Fund will be calculated 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 the official closing 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 last published sales 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 debt securities are valued at the mean between the “bid” and “asked” prices utilizing evaluated prices obtained from third party pricing services or broker-dealers.

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. These inputs are summarized in the three broad levels as follows:

 

Level 1 — quoted prices in active markets for identical securities


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

 

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

 

The inputs or methodology used for valuing securities are not necessarily an indication of the risk associated with investing in those securities. The following summarizes inputs used as of March 31, 2017 in valuing the Funds’ assets carried at fair value:

   (Level 1)   (Level 2)
Fund   Common Stock    Preferred Stock    Money Market Funds    Total 
Oppenheimer Large Cap Revenue ETF  $594,373,721   $—     $7,087,362   $601,461,083 
Oppenheimer Mid Cap Revenue ETF   302,158,663    —      23,739,930    325,898,593 
Oppenheimer Small Cap Revenue ETF   519,684,525    —      51,754,523    571,439,048 
Oppenheimer Financials Sector Revenue ETF   32,470,091    —      352,456    32,822,547 
Oppenheimer Ultra Dividend Revenue ETF   501,170,858    —      39,028,739    540,199,597 
Oppenheimer ESG Revenue ETF   22,263,183    —      112,389    22,375,572 
Oppenheimer Global ESG Revenue ETF   18,574,894    229,940    184,327    18,989,161 

At March 31, 2017, the Funds did not hold any Level 3 securities. Please refer to each Fund’s Schedule of Investments to view equity securities segregated by industry type.

The Funds’ policy is to disclose transfers between Levels based on valuations at the beginning of the reporting period.

For the period ended March 31, 2017, 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 March 31, 2017, 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  Federal Tax Cost of Securities   Gross Unrealized Appreciation   Gross Unrealized (Depreciation)   Net Unrealized Appreciation (Depreciation) 
Oppenheimer Large Cap Revenue ETF  $525,856,841   $85,044,323   $(9,440,081)  $75,604,242 
Oppenheimer Mid Cap Revenue ETF   290,380,624    45,373,070    (9,855,101)   35,517,969 
Oppenheimer Small Cap Revenue ETF   521,439,036    78,626,585    (28,626,573)   50,000,012 
Oppenheimer Financials Sector Revenue ETF   27,389,096    5,593,230    (159,779)   5,433,451 
Oppenheimer Ultra Dividend Revenue ETF   547,627,003    10,316,680    (17,744,086)   (7,427,406)
Oppenheimer ESG Revenue ETF   20,643,965    1,919,073    (187,466)   1,731,607 
Oppenheimer Global ESG Revenue ETF   17,831,030    1,378,419    (220,288)   1,158,131 

 

 

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     May 15, 2017  

 

 

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     May 15, 2017  

 

 

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

 

 

Date     May 15, 2017  

 

 

 

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