Oppenheimer Slashes ETF Fees

The cuts range from 10 to 16 basis points.

Reviewed by: Heather Bell
Edited by: Heather Bell

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.


FundTickerOld Exp RatioNew Exp Ratio
Oppenheimer Large Cap Revenue ETFRWL0.490.39
Oppenheimer Mid Cap Revenue ETFRWK0.540.39
Oppenheimer Small Cap Revenue ETFRWJ0.540.39
Oppenheimer Ultra Dividend Revenue ETFRDIV0.490.39
Oppenheimer Global Growth Revenue ETFRGRO0.700.54


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].


Heather Bell is a former managing editor of etf.com. She has also held editorial positions at Dow Jones Indexes and Lehman Brothers. Bell is a graduate of Dartmouth college and resides in the Denver area with her two dogs.