OppenheimerFunds Names Key Hire for its Beta Solutions Leadership Team

Mazza will lead OppenheimerFunds' Beta Solutions Investment Marketing and ETF Specialist teams. In this role, he will help drive strategic and sustainable growth for the firm with product and market insights to provide actionable solutions for our clients. 

"We're delighted that Dave joins our industry-leading team," said French. "Dave brings great ETF insights to our expanding business, and that coupled with our Distribution team's client-centric approach, makes a powerful combination towards serving our end-investors."

Mazza joins OppenheimerFunds from State Street Global Advisors where he led product strategy, positioning and analysis as Head of ETF and Mutual Fund Research. During his 12 years at SSGA, Mazza worked in the investments and distribution organizations, where over time he assumed additional management responsibilities while helping to drive sales and grow assets under management. Mazza was also responsible for developing thought leadership and research that drove client engagement and awareness for the firm's ETF business.

In addition to Mazza, OppenheimerFunds recently announced significant ETF hires: Alex Depetris, Chief Operating Officer of Beta Solutions, and Mo Haghbin, Head of Product, Beta Solutions. They joined Michael Eschmann, OppenheimerFunds' Beta Solutions Head of Capital Markets, and Vince Lowry, Lead Portfolio Manager of OppenheimerFunds' Revenue Weighted offerings.

The suite of Oppenheimer Factor Weighted ETFs includes:

• Oppenheimer Large Cap Revenue ETF – RWL
• Oppenheimer Mid Cap Revenue ETF – RWK
• Oppenheimer Small Cap Revenue ETF – RWJ
• Oppenheimer Ultra Dividend Revenue ETF – RDIV
• Oppenheimer Financials Sector Revenue ETF – RWW
• Oppenheimer ESG Revenue ETF – ESGL
• Oppenheimer Global ESG Revenue ETF – ESGF

Oppenheimer's fundamental weighted ETFs offer a unique way for advisors, wealth managers, and consultants to access broad market exposure in a more optimal way than traditional market capitalization strategies. By weighting securities in broad market indices based on top line revenue rather than market capitalization, the fundamental weighted strategies offer the opportunity to reduce overexposure to overpriced sectors and stocks while still providing diversification.

In 2016, OppenheimerFunds expanded its Beta Solutions client offerings into the environmental, social and governance (ESG) space. The firm launched Oppenheimer ESG Revenue ETF (ESGL), which focuses on U.S. large-cap equities with highly rated ESG practices, and Oppenheimer Global ESG Revenue ETF (ESGF), which focuses on global large- and mid-cap equities with highly rated ESG practices. To further enhance the value proposition for clients, the firm also reduced the contractual management fees for five of its Revenue Weighted ETFs.

OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $222 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of February 28, 2017.

Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm's 15 investment management teams specialize in equity, fixed income, alternative, multi-asset, and revenue-weighted-ETF strategies, including ESG. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs. For more information on the firm, visit oppenheimerfunds.com.

An investment in ETFs is subject to investment risk, including the possible loss of principal amount invested. ETF returns may not match the returns of their respective index, known as non-correlation risk, due to operating expenses incurred by the ETF. The alternate weighting approach employed by ETFs (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. Because ETFs are rebalanced quarterly, portfolio turnover may exceed 100%. The greater the portfolio turnover, the greater the transaction costs, which could have an adverse effect on ETF performance. Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc., 225 Liberty Street, New York, NY, 10281
(c) 2017 OppenheimerFunds Distributor, Inc. All rights reserved.

SOURCE OppenheimerFunds

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