OMFL Profile
Oppenheimer
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
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