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ODVNX

Developing Markets Fund

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Special Notice

As of 4/12/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.

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Overview

The Strategy typically invests in emerging and developing market stocks.

Inception Date
March 1, 2001
Investment Style
Developing Markets
Fund Index
MSCI Emerging Markets Index
CUSIP
683974406
NAV
  • A
(as of 07/13/2018)
$41.63
Total Assets
(as of 06/30/2018)
$39.33 BN
Gross Expense Ratio
(as of 06/30/2018)
1.57%
Net Expense Ratio
(as of 06/30/2018)
1.57%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2018
as of 06/30/2018

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
Cumulative
Annualized
ytd as of 2018-06-30
  • B
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
-1.43% 11.87% 6.85% 5.31% 5.05% 11.31%
MSCI Emerging Markets Index
-6.66% 8.20% 5.60% 5.01% 2.26% -
Cumulative
Annualized
ytd as of 2018-06-30
  • B
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (with sales charge)
-1.43% 11.87% 6.85% 5.31% 5.05% 11.31%
MSCI Emerging Markets Index
-6.66% 8.20% 5.60% 5.01% 2.26% -
Cumulative
Annualized
ytd as of 2018-06-30
  • B
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
-1.43% 11.87% 6.85% 5.31% 5.05% 11.31%
MSCI Emerging Markets Index
-6.66% 8.20% 5.60% 5.01% 2.26% -
Cumulative
Annualized
ytd as of 2018-06-30
  • B
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (with sales charge)
-1.43% 11.87% 6.85% 5.31% 5.05% 11.31%
MSCI Emerging Markets Index
-6.66% 8.20% 5.60% 5.01% 2.26% -
Gross Expense Ratio: 1.57% | Net Expense Ratio: 1.57%

Year Developing Markets Fund MSCI Emerging Markets Index
2002 -1.71% -6.17%
2003 64.71% 55.82%
2004 32.54% 25.55%
2005 40.72% 34.00%
2006 24.70% 32.17%
2007 33.27% 39.53%
2008 -48.22% -53.33%
2009 81.16% 78.51%
2010 26.48% 18.88%
2011 -18.41% -18.42%
2012 20.46% 18.22%
2013 7.95% -2.60%
2014 -5.02% -2.19%
2015 -14.26% -14.92%
2016 6.61% 11.19%
2017 34.47% 37.28%

Date Developing Markets Fund MSCI Emerging Markets Index MSCI EAFE MSCI World
6/30/2008 0.00 0.00 0.00 0.00
7/31/2008 -0.57 -3.77 -3.21 -2.44
8/31/2008 -4.72 -11.46 -7.13 -3.81
9/30/2008 -18.60 -26.95 -20.56 -15.25
10/31/2008 -38.06 -46.94 -36.59 -31.32
11/30/2008 -44.50 -50.94 -40.02 -35.77
12/31/2008 -41.49 -47.11 -36.41 -33.71
1/31/2009 -45.47 -50.53 -42.65 -39.51
2/28/2009 -48.92 -53.32 -48.53 -45.71
3/31/2009 -41.72 -46.61 -45.27 -41.61
4/30/2009 -31.49 -37.72 -38.27 -35.06
5/31/2009 -19.25 -27.08 -30.96 -29.18
6/30/2009 -19.48 -28.07 -31.35 -29.50
7/31/2009 -11.10 -19.98 -25.09 -23.53
8/31/2009 -10.42 -20.26 -21.01 -20.37
9/30/2009 -2.88 -13.03 -17.99 -17.20
10/31/2009 -3.56 -12.92 -19.02 -18.67
11/30/2009 2.20 -9.18 -17.39 -15.35
12/31/2009 5.99 -5.59 -16.20 -13.83
1/31/2010 0.07 -10.86 -19.90 -17.39
2/28/2010 1.24 -10.54 -20.45 -16.22
3/31/2010 8.95 -3.32 -15.48 -11.04
4/30/2010 10.24 -2.15 -17.01 -11.02
5/31/2010 2.04 -10.76 -26.56 -19.55
6/30/2010 2.00 -11.41 -27.29 -22.30
7/31/2010 11.88 -4.04 -20.39 -16.00
8/31/2010 9.64 -5.90 -22.87 -19.14
9/30/2010 23.04 4.56 -15.31 -11.60
10/31/2010 27.33 7.59 -12.25 -8.31
11/30/2010 24.33 4.75 -16.47 -10.29
12/31/2010 34.06 12.23 -9.71 -3.69
1/31/2011 26.92 9.18 -7.58 -1.51
2/28/2011 26.65 8.17 -4.53 1.93
3/31/2011 32.95 14.53 -6.67 0.93
4/30/2011 37.36 18.08 -1.09 5.22
5/31/2011 33.68 14.98 -4.02 3.03
6/30/2011 31.89 13.21 -5.22 1.40
7/31/2011 30.03 12.71 -6.72 -0.43
8/31/2011 21.52 2.64 -15.15 -7.45
9/30/2011 5.35 -12.33 -23.23 -15.44
10/31/2011 18.11 -0.71 -15.83 -6.70
11/30/2011 13.55 -7.33 -19.91 -8.97
12/31/2011 9.37 -8.45 -20.67 -9.03
1/31/2012 19.20 1.94 -16.44 -4.46
2/29/2012 25.92 8.04 -11.65 0.21
3/31/2012 25.49 4.44 -12.06 1.50
4/30/2012 24.53 3.19 -13.78 0.34
5/31/2012 11.64 -8.38 -23.68 -8.32
6/30/2012 17.89 -4.85 -18.33 -3.65
7/31/2012 18.24 -2.99 -17.40 -2.41
8/31/2012 20.01 -3.31 -15.18 0.07
9/30/2012 26.19 2.52 -12.67 2.81
10/31/2012 27.19 1.90 -11.95 2.12
11/30/2012 27.15 3.19 -9.82 3.43
12/31/2012 31.74 8.24 -6.93 5.37
1/31/2013 35.25 9.73 -2.03 10.74
2/28/2013 32.82 8.35 -2.96 10.92
3/31/2013 31.78 6.48 -2.16 13.52
4/30/2013 33.32 7.29 2.94 17.10
5/31/2013 32.59 4.53 0.45 17.14
6/30/2013 26.33 -2.12 -3.12 14.25
7/31/2013 30.62 -1.10 2.00 20.27
8/31/2013 26.41 -2.80 0.65 17.71
9/30/2013 37.38 3.52 8.09 23.60
10/31/2013 42.21 8.55 11.72 28.43
11/30/2013 41.05 6.97 12.58 30.72
12/31/2013 42.21 5.42 14.26 33.48
1/31/2014 31.03 -1.43 9.66 28.54
2/28/2014 37.05 1.84 15.76 34.97
3/31/2014 39.61 4.97 15.02 35.17
4/30/2014 39.69 5.32 16.68 36.55
5/31/2014 45.51 8.99 18.58 39.24
6/30/2014 50.41 11.89 19.72 41.73
7/31/2014 49.86 14.05 17.37 39.47
8/31/2014 54.29 16.62 17.19 42.54
9/30/2014 44.93 7.98 12.69 38.67
10/31/2014 47.53 9.25 11.05 39.57
11/30/2014 44.93 8.10 12.56 42.37
12/31/2014 35.08 3.11 8.66 40.07
1/31/2015 33.34 3.73 9.19 37.53
2/28/2015 36.18 6.94 15.72 45.59
3/31/2015 33.18 5.42 13.96 43.31
4/30/2015 38.79 13.53 18.62 46.67
5/31/2015 36.10 8.99 18.01 47.18
6/30/2015 34.13 6.15 14.67 43.76
7/31/2015 27.73 -1.20 17.05 46.34
8/31/2015 14.13 -10.14 8.44 36.65
9/30/2015 10.77 -12.84 2.93 31.61
10/31/2015 20.85 -6.63 10.98 42.04
11/30/2015 18.40 -10.27 9.25 41.34
12/31/2015 15.81 -12.27 7.78 38.85
1/31/2016 9.04 -17.96 -0.02 30.54
2/29/2016 7.70 -18.09 -1.85 29.57
3/31/2016 19.22 -7.26 4.54 38.37
4/30/2016 18.86 -6.75 7.57 40.56
5/31/2016 17.91 -10.23 6.59 41.34
6/30/2016 19.93 -6.64 3.01 39.76
7/31/2016 23.85 -1.94 8.23 45.67
8/31/2016 27.22 0.49 8.31 45.79
9/30/2016 30.31 1.78 9.64 46.56
10/31/2016 30.46 2.03 7.40 43.72
11/30/2016 23.85 -2.67 5.26 45.79
12/31/2016 23.47 -2.45 8.86 49.28
1/31/2017 29.56 2.88 12.01 52.88
2/28/2017 31.74 6.03 13.62 57.12
3/31/2017 36.97 8.71 16.74 58.80
4/30/2017 40.73 11.09 19.71 61.15
5/31/2017 44.65 14.37 24.11 64.56
6/30/2017 46.27 15.53 23.89 65.19
7/31/2017 54.19 22.41 27.46 69.14
8/31/2017 57.76 25.14 27.41 69.38
9/30/2017 58.15 24.65 30.58 73.18
10/31/2017 62.19 29.01 32.57 76.46
11/30/2017 61.28 29.27 33.96 80.28
12/31/2017 66.02 33.91 36.11 82.72
1/31/2018 79.42 45.08 42.93 92.37
2/28/2018 70.70 38.38 36.48 84.40
3/31/2018 70.74 35.81 34.02 80.38
4/30/2018 68.56 35.21 37.08 82.45
5/31/2018 67.96 30.42 34.00 83.59
6/30/2018 63.64 25.00 32.36 83.51
$ per share as of 07/15/2018

Date 2013 2014 2015 2016 2017
Short Term
Long Term 0.1792 0.5977
Total Amount of Distribution 0.1792 0.5977
Record Date 12/5/13 12/4/14
Ex Div Date 12/6/13 12/5/14
Pay Date 12/9/13 12/5/14

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Issuers

(55.3% of assets as of 06/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 6
Country Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
China 24.8% 32.7% -7.9%
India 10.7% 8.6% 2.1%
South Korea 8.6% 14.6% -5.9%
Russia 6.4% 3.5% 2.8%
France 5.7% - -
Hong Kong 5.6% 0.0% 5.6%
Taiwan 5.1% 11.6% -6.5%
Brazil 4.6% 5.8% -1.2%
Mexico 4.4% 2.9% 1.5%
United Kingdom 4.2% 0.2% 4.0%
Philippines 3.3% 0.9% 2.4%
South Africa 2.4% 6.4% -4.0%
United States 1.9% - -
United Arab Emirates 1.7% 0.6% 1.1%
Peru 1.2% 0.4% 0.8%
Indonesia 1.1% 1.9% -0.8%
Singapore 1.0% - -
Colombia 0.8% 0.5% 0.3%
Turkey 0.7% 0.8% 0.0%
Malaysia 0.5% 2.3% -1.8%
Developed Markets Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Europe 10.6% 0.2% 10.4%
Asia Pacific 6.6% 0.0% 6.6%
Americas 1.9% - -
Emerging Markets Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Asia Pacific 54.4% 74.9% -20.6%
Americas 11.2% 10.8% 0.4%
Europe 7.1% 6.2% 1.0%
Africa 2.8% 6.5% -3.7%
Middle East 1.7% 1.5% 0.3%
Equity Sector Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Information Technology 24.4% 27.9% -3.4%
Financials 19.3% 22.8% -3.5%
Consumer Discretionary 17.5% 9.8% 7.7%
Consumer Staples 9.9% 6.7% 3.2%
Health Care 7.3% 3.2% 4.1%
Materials 6.7% 7.6% -0.9%
Industrials 5.2% 5.2% 0.1%
Energy 4.2% 7.2% -3.0%
Real Estate 1.8% 3.0% -1.2%
Industry Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Internet Software & Services 14.6% 12.3% 2.3%
Banks 8.2% 15.7% -7.5%
Textiles Apparel & Luxury Goods 7.3% 0.6% 6.7%
Metals & Mining 5.6% 3.3% 2.2%
Semiconductors & Semiconductor Equipment 5.1% 5.3% -0.2%
Oil Gas & Consumable Fuels 4.2% 7.1% -2.9%
Beverages 4.0% 1.2% 2.8%
Hotels Restaurants & Leisure 3.7% 0.8% 2.9%
Internet & Direct Marketing Retail 3.0% 1.0% 2.0%
Thrifts & Mortgage Finance 3.0% 1.0% 2.0%
Capital Markets 3.0% 1.2% 1.9%
Food & Staples Retailing 2.9% 1.8% 1.1%
Personal Products 2.8% 0.9% 1.9%
Health Care Providers & Services 2.7% 0.5% 2.3%
Insurance 2.5% 3.6% -1.0%
Industrial Conglomerates 2.4% 1.5% 0.9%
Pharmaceuticals 2.4% 1.6% 0.8%
Diversified Financial Services 2.1% 1.2% 1.0%
Technology Hardware Storage & Peripherals 2.0% 5.4% -3.4%
Real Estate Management & Development 1.8% 2.6% -0.8%
Asset Allocation Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Equity 96.3% 100.0% -3.7%
Net Cash and Equivalents 3.7% - -
Market Cap Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Large 87.3% 88.6% -1.3%
Mid 7.3% 10.4% -3.1%
Analytics
(As of 06/30/2018)

Morningstar 06/30/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
688
Category
Diversified Emerging Mkts
Analyst Rating (as of 9/26/17)
Silver
Performance Statistics
3Y
5Y
Alpha
1.74
0.77
Beta
0.88
0.90
Information Ratio
0.26
0.06
R-Squared
91.34
88.19
Sharpe Ratio
0.47
0.40
Standard Deviation
14.72
14.19
Upside Capture
89.60
90.73
Downside Capture
80.84
87.00
Sortino Ratio
0.22
0.18
Win Ratio
47.00
48.00
Loss Ratio
53.00
52.00
Tracking Error
4.76
5.11
Dividends
  • C
Est. Frequency
Annual
Last Pay Date
12/4/2017
Per Share ($)
$0.0451
12-Month Distribution ($)
$0.0451
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$100.26 B
$87.39 B
Median Market Cap (weighted)
$37.33 B
$21.29 B
P/E Ratio (LTM)
23.41
15.18
P/E Ratio (NTM)
18.55
12.24
Price/Book
3.09
1.95
Return on Equity
17.67%
17.72%
Turnover Ratio
33%
-
Active Share
76.55%
-
Distribution Sources
  • C
Net Income
87.20%
Net Profit from Sale
0.00%
Other Capital Sources
12.80%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. As of 4/12/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.
  2. 2. Special Risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Eurozone investments may be subject to volatility and liquidity issues. Investments in securities of growth companies may be volatile. Mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a mid-sized company, if any gain is realized at all. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk.
  3. 3. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less. These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
  4. 4. Access index definitions.
  5. 5. Holdings are subject to change, and are dollar weighted based on total net assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the fund's net asset value and fluctuations of dividends and distributions paid by the fund.
  6. 6. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund’s prospectus.
  7. 7. The Morningstar Analyst Rating is not a credit or risk rating but a subjective evaluation performed by the analysts of Morningstar, Inc. (Mstar). Mstar evaluates funds based on five key pillars (process, performance, people, parent and price). Mstar's analysts use this evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weightings of each pillar may vary. The Analyst Rating reflects overall assessment and is overseen by Morningstar's Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive ratings (Gold, Silver, Bronze), a Neutral rating and a Negative rating, with Gold being the highest rating and Negative being the lowest rating. The Mstar Analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Mstar's current expectations about future events. Mstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may cause Mstar's expectations not to occur or to differ significantly.
  8. A. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  9. B. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund). These returns would be lower if sales charges were taken into consideration. Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  10. C. There is no guarantee of the payment of any dividend or other distributions at any level.
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