Oppenheimer Slashes ETF Fees
The cuts range from 10 to 16 basis points.
OppenheimerFunds has slashed the expense ratios on five of its eight ETFs by significant margins. The Oppenheimer Global Growth Revenue ETF (RGRO), which has just $2.3 million in assets, saw the most notable fee reduction, lowering its expense ratio from 0.70% to 0.54%.
Meanwhile, the $415 million flagship Oppenheimer Large Cap Revenue ETF (RWL) reduced its expense ratio from 0.49% to 0.39%. Another three ETFs in the Oppenheimer family are seeing fee cuts ranging from 0.10% to 0.15%, as shown in the table below.
| Fund | Ticker | Old Exp Ratio | New Exp Ratio |
| Oppenheimer Large Cap Revenue ETF | RWL | 0.49 | 0.39 |
| Oppenheimer Mid Cap Revenue ETF | RWK | 0.54 | 0.39 |
| Oppenheimer Small Cap Revenue ETF | RWJ | 0.54 | 0.39 |
| Oppenheimer Ultra Dividend Revenue ETF | RDIV | 0.49 | 0.39 |
| Oppenheimer Global Growth Revenue ETF | RGRO | 0.70 | 0.54 |
The fees are part of a general trend of compression in the ETF space, although it has not really been as common in the smart-beta realm and has mostly taken place among cap-weighted funds.
Contact Heather Bell at [email protected].
