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OMFL - Oppenheimer Russell 1000 Multifactor ETF

Oppenheimer Russell 1000 Multifactor ETF logoOppenheimer Russell 1000 Multifactor ETF (OMFL) is an exchange-traded fund (ETF) that aims to provide exposure to U.S. large-cap stocks while applying a multifactor investing approach. Here's an extended company report for OMFL:

OMFL was launched by OppenheimerFunds Inc. in November 2017 and is based on the Russell 1000 Comprehensive Factor Index. The fund seeks to provide exposure to U.S. large-cap stocks that have the potential to outperform the broader market. OMFL uses a multifactor approach, which means that it invests in companies that exhibit specific characteristics such as low volatility, quality, momentum, value, and size.

OMFL aims to achieve its investment objective by investing in a diversified portfolio of U.S. large-cap stocks. As of March 18, 2023, the fund held 1,040 stocks in its portfolio with a total net asset value of approximately $405 million. The top holdings of the fund include Microsoft, Apple, Amazon, Facebook, and Alphabet (Google).

OMFL has an expense ratio of 0.29%, which is relatively low compared to other actively managed ETFs. The fund is managed by OppenheimerFunds Inc., which has a long-standing history in the investment management industry.

Investing in OMFL offers several potential benefits to investors. The fund provides exposure to a diversified portfolio of U.S. large-cap stocks that have the potential to outperform the broader market. The multifactor approach used by the fund seeks to provide a more systematic and efficient way of identifying companies with potential for outperformance. Additionally, the low expense ratio of the fund may result in higher net returns for investors.

However, investing in OMFL also carries risks. The fund's performance may be affected by changes in the stock market or specific industry sectors, as well as economic and political developments. The fund's reliance on the multifactor investing approach may also result in underperformance compared to other investment strategies.

In conclusion, Oppenheimer Russell 1000 Multifactor ETF (OMFL) is an exchange-traded fund that aims to provide exposure to U.S. large-cap stocks while applying a multifactor investing approach. The fund offers a diversified portfolio of U.S. large-cap stocks with potential for outperformance and has a low expense ratio. However, the fund's performance may be affected by various factors, and investing in OMFL carries risks that investors should consider before investing.

 



 

 

 
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