OEF Mega Cap ETF (OEF)

OEF Mega Cap ETF — analysis

Holding $30.5B in AUM at a 36 bps expense ratio, OEF sits in the mega cap bucket on the ValueMarkers ETF coverage list. The fund tracks Index Benchmark and dates back to 2008.

Inside the ETF, the underlying companies' fundamentals stack to a VMCI-Composite of 68/100 on OEF. The composite is built from the top-10 holdings, weighted by index allocation. The read is above-average composite quality, which is the right anchor when comparing OEF to peer funds in the mega cap category.

On a five-year compound basis, OEF returned 7.3% per year. Against the 8.0% benchmark print, that's a -0.7-pp below-index annualized result, before tax.

OEF pays a trailing-twelve-month dividend yield of 4.80%. Distribution growth has compounded at 9.3% per year over the past five years, which sets the carry profile for income-oriented allocators inside the mega cap category.

Inside OEF: top-10 weight 29%, top position AAPL at 3.63%, top sector Technology at 34%. The concentration profile shapes how much of the fund's return is driven by a small set of names.

OEF's comparable set: SPY, VOO, VTI. Each is a mega cap ETF; the relative-value question is whether the 36 bps expense ratio, the 7.3% 5y CAGR, and the 4.80% yield clear the bar against the peer trio.