Oppenheimer Funds

    70

    Fund Complex: Oppenheimer Funds

    Management Company:  OFI Advisors, LLC

    Funds Affected: (1) Oppenheimer ESG Revenue ETF and (2) Oppenheimer Global ESG Revenue ETF

    Sustainable Investing Strategy:  Exclusions, ESG Integration

    Summary:
    (1) The underlying index is constructed using a rules based methodology to select companies from within the S&P 500 Index that have strong environmental, social and governance (“ESG”) practices which are then re-weighted according to the revenue earned, subject to a maximum 5% per company weighting. The underlying index is constructed using a scoring system established by Sustainalytics, a third party research provider, to measure the strength of each pillar of environmental, social, and governance practices for each company. Based on that scoring, the top half of companies with an ESG score, excluding those with a detrimental score for controversies, are selected for inclusion in the underlying index, and those that are selected are then re-weighted according to revenue earned.

    (2) The underlying index is constructed using a rules-based methodology to select companies from within the MSCI All Country World Index that have strong environmental, social and governance (“ESG”) practices, as identified by MSCI ESG Research, Inc. These companies are then re-weighted according to the revenue earned, subject to a maximum 5% per company weighting.  Companies are selected on the basis of a scoring system established by MSCI ESG Research, Inc. to measure the strength of each pillar of environmental, social, and governance practices for each company in the index.  Based on that scoring, the top half of companies with ESG score are selected for inclusion and those that are selected are then re-weighted according to revenue earned.