 Oppenheimer
Russell 2000 Multifactor ETF (OMFS) is an exchange-traded fund (ETF)
that seeks to provide exposure to U.S. small-cap stocks while applying
a multifactor investing approach. Here's an extended company report
for OMFS:
OMFS was launched by OppenheimerFunds Inc. in
November 2017 and is based on the Russell 2000 Comprehensive Factor
Index. The fund aims to provide exposure to U.S. small-cap stocks that
have the potential to outperform the broader market. OMFS uses a
multifactor approach, which means that it invests in companies that
exhibit specific characteristics such as low volatility, quality,
momentum, value, and size.
OMFS aims to achieve its investment
objective by investing in a diversified portfolio of U.S. small-cap
stocks. As of March 18, 2023, the fund held 1,224 stocks in its
portfolio with a total net asset value of approximately $49 million.
The top holdings of the fund include A10 Networks, Aimmune
Therapeutics, and Cambium Networks.
OMFS has an expense ratio
of 0.39%, 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 OMFS offers several potential benefits to investors. The
fund provides exposure to a diversified portfolio of U.S. small-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 OMFS 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 2000 Multifactor ETF (OMFS) is an exchange-traded
fund that seeks to provide exposure to U.S. small-cap stocks while
applying a multifactor investing approach. The fund offers a
diversified portfolio of U.S. small-cap stocks with potential for
outperformance and has a relatively low expense ratio. However, the
fund's performance may be affected by various factors, and investing
in OMFS carries risks that investors should consider before investing.
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