OMFL 📈 Oppenheimer Russell 1000 - Overview

The Oppenheimer Russell 1000 Dynamic Multifactor ETF, listed on BATS under the ticker OMFL, is designed to track the performance of a dynamic index that combines multiple factor investing strategies. This approach allows the fund to adapt to different stages of the economic cycle, potentially leading to outperformance. By investing at least 80% of its total assets in the securities that comprise the underlying index, the fund aims to provide exposure to a diversified portfolio of large-cap US equities.

The underlying index is constructed using a rules-based approach, selecting securities from the Russell 1000 Index based on a combination of factors such as value, momentum, quality, and size. This dynamic multifactor approach enables the index to adjust its factor allocation in response to changing market conditions, seeking to capitalize on the most attractive investment opportunities. The fund's investment universe is comprised of large-cap US stocks, providing investors with exposure to a broad range of established companies across various sectors.

As an exchange-traded fund (ETF), OMFL offers investors the benefits of transparency, flexibility, and cost-efficiency. With a domicile in the United States and an ISIN of US46138J6192, the fund is classified as a large blend ETF, making it suitable for investors seeking core equity exposure. The fund's listing on BATS provides liquidity and ease of trading, allowing investors to easily buy and sell shares throughout the trading day.