Fund Description: Oppenheimer Russell 1000 Dynamic Multifactor ETF is an exchange-traded index fund or Index ETF which is a separate investment portfolio of the Oppenheimer Revenue Weighted ETF Trust an open-end investment management company. INVESTMENT OBJECTIVE: The Oppenheimer Russell 1000 Dynamic Multifactor ETF seeks to provide investment results that correspond generally, before fees and expenses, to the performance of the Russell 1000 OFI Dynamic Multifactor Index. INDEX DESCRIPTION: The Russell 1000 OFI Dynamic Multifactor Index Is constructed using a rules-based methodology by selecting equity securities from the Russell 1000 Index (the Parent Index), which measures the performance of the 1,000 largest-capitalization companies in the United States. The Index consists of one of four pre-determined factor configurations that emphasize a subset of five investment style factors. The factor configuration that comprises the Index will vary with different economic cycles and overall market conditions, as reflected in one of the following four categories: expansion, slowdown, contraction and recovery. The five investment style factors are: Value, Momentum, Quality, Low Volatility and Size. To construct the Index, each constituent in the Parent Index is assigned a multi-factor score based on the extent to which the constituent exhibits greater characteristics of the relevant factors relative to the other constituents in the Parent Index. The multi-factor score is the product of the security’s individual factor scores, each of which is calculated using one or more measurements. FUND STRATEGY: Under normal circumstances, the Fund will invest at least 80% of its net assets, plus any borrowings for investment purposes, in securities of companies included in the Index. The Fund may invest up to 20% of its assets in certain index futures, options, options on index futures, swap contracts or other derivatives, as related to the Index and its component securities, other securities not included in the Index and cash and cash equivalents, including shares of money market funds. A passive or indexing approach is used to try to achieve the Fund’s investment objective. When a replication strategy could have adverse consequences the Fund may utilize a representative sampling strategy whereby the Fund would hold a significant number of the component securities of the Index, but may not track that index with the same degree of accuracy as would an investment vehicle replicating the entire index. The Fund may lend securities representing up to one-third of the value of the Fund’s total assets (including the value of any collateral received). FUND MANAGEMENT: OFI Advisors, LLC serves as the investment adviser to the Fund.