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ODMAX

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
November 18, 1996
Investment Style
Developing Markets
Fund Index
MSCI Emerging Markets Index
CUSIP
683974109
NAV
  • A
(as of 07/20/2018)
$42.98
Total Assets
(as of 06/30/2018)
$39.33 BN
Gross Expense Ratio
(as of 06/30/2018)
1.32%
Net Expense Ratio
(as of 06/30/2018)
1.32%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2018
  • B
as of 06/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
-1.29% 12.18% 7.13% 5.58% 5.37% 12.03%
MSCI Emerging Markets Index
-6.66% 8.20% 5.60% 5.01% 2.26% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (with sales charge)
-6.96% 5.72% 5.03% 4.34% 4.75% 11.72%
MSCI Emerging Markets Index
-6.66% 8.20% 5.60% 5.01% 2.26% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
-1.29% 12.18% 7.13% 5.58% 5.37% 12.03%
MSCI Emerging Markets Index
-6.66% 8.20% 5.60% 5.01% 2.26% -
Cumulative
Annualized
ytd as of 2018-06-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (with sales charge)
-6.96% 5.72% 5.03% 4.34% 4.75% 11.72%
MSCI Emerging Markets Index
-6.66% 8.20% 5.60% 5.01% 2.26% -
Gross Expense Ratio: 1.32% | Net Expense Ratio: 1.32%

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.


Year Developing Markets Fund MSCI Emerging Markets Index
1997 14.09% -
1998 -19.36% -
1999 82.30% -
2000 -5.26% -
2001 -5.73% -2.62%
2002 -1.60% -6.17%
2003 65.23% 55.82%
2004 33.00% 25.55%
2005 41.23% 34.00%
2006 25.18% 32.17%
2007 33.86% 39.53%
2008 -48.03% -53.33%
2009 81.73% 78.51%
2010 26.99% 18.88%
2011 -18.10% -18.42%
2012 20.85% 18.22%
2013 8.36% -2.60%
2014 -4.81% -2.19%
2015 -14.06% -14.92%
2016 6.89% 11.19%
2017 34.77% 37.28%

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.


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 -0.56 -3.77 -3.21 -2.44
8/31/2008 -4.68 -11.46 -7.13 -3.81
9/30/2008 -18.54 -26.95 -20.56 -15.25
10/31/2008 -37.98 -46.94 -36.59 -31.32
11/30/2008 -44.45 -50.94 -40.02 -35.77
12/31/2008 -41.40 -47.11 -36.41 -33.71
1/31/2009 -45.38 -50.53 -42.65 -39.51
2/28/2009 -48.81 -53.32 -48.53 -45.71
3/31/2009 -41.58 -46.61 -45.27 -41.61
4/30/2009 -31.29 -37.72 -38.27 -35.06
5/31/2009 -19.01 -27.08 -30.96 -29.18
6/30/2009 -19.23 -28.07 -31.35 -29.50
7/31/2009 -10.79 -19.98 -25.09 -23.53
8/31/2009 -10.09 -20.26 -21.01 -20.37
9/30/2009 -2.49 -13.03 -17.99 -17.20
10/31/2009 -3.15 -12.92 -19.02 -18.67
11/30/2009 2.64 -9.18 -17.39 -15.35
12/31/2009 6.50 -5.59 -16.20 -13.83
1/31/2010 0.57 -10.86 -19.90 -17.39
2/28/2010 1.79 -10.54 -20.45 -16.22
3/31/2010 9.57 -3.32 -15.48 -11.04
4/30/2010 10.90 -2.15 -17.01 -11.02
5/31/2010 2.68 -10.76 -26.56 -19.55
6/30/2010 2.68 -11.41 -27.29 -22.30
7/31/2010 12.68 -4.04 -20.39 -16.00
8/31/2010 10.46 -5.90 -22.87 -19.14
9/30/2010 23.98 4.56 -15.31 -11.60
10/31/2010 28.38 7.59 -12.25 -8.31
11/30/2010 25.35 4.75 -16.47 -10.29
12/31/2010 35.23 12.23 -9.71 -3.69
1/31/2011 28.04 9.18 -7.58 -1.51
2/28/2011 27.82 8.17 -4.53 1.93
3/31/2011 34.23 14.53 -6.67 0.93
4/30/2011 38.76 18.08 -1.09 5.22
5/31/2011 35.09 14.98 -4.02 3.03
6/30/2011 33.31 13.21 -5.22 1.40
7/31/2011 31.45 12.71 -6.72 -0.43
8/31/2011 22.92 2.64 -15.15 -7.45
9/30/2011 6.57 -12.33 -23.23 -15.44
10/31/2011 19.51 -0.71 -15.83 -6.70
11/30/2011 14.95 -7.33 -19.91 -8.97
12/31/2011 10.76 -8.45 -20.67 -9.03
1/31/2012 20.73 1.94 -16.44 -4.46
2/29/2012 27.57 8.04 -11.65 0.21
3/31/2012 27.19 4.44 -12.06 1.50
4/30/2012 26.25 3.19 -13.78 0.34
5/31/2012 13.25 -8.38 -23.68 -8.32
6/30/2012 19.60 -4.85 -18.33 -3.65
7/31/2012 20.01 -2.99 -17.40 -2.41
8/31/2012 21.83 -3.31 -15.18 0.07
9/30/2012 28.10 2.52 -12.67 2.81
10/31/2012 29.16 1.90 -11.95 2.12
11/30/2012 29.19 3.19 -9.82 3.43
12/31/2012 33.85 8.24 -6.93 5.37
1/31/2013 37.49 9.73 -2.03 10.74
2/28/2013 35.06 8.35 -2.96 10.92
3/31/2013 34.00 6.48 -2.16 13.52
4/30/2013 35.63 7.29 2.94 17.10
5/31/2013 34.95 4.53 0.45 17.14
6/30/2013 28.62 -2.12 -3.12 14.25
7/31/2013 33.02 -1.10 2.00 20.27
8/31/2013 28.73 -2.80 0.65 17.71
9/30/2013 39.96 3.52 8.09 23.60
10/31/2013 44.89 8.55 11.72 28.43
11/30/2013 43.79 6.97 12.58 30.72
12/31/2013 45.03 5.42 14.26 33.48
1/31/2014 33.63 -1.43 9.66 28.54
2/28/2014 39.77 1.84 15.76 34.97
3/31/2014 42.44 4.97 15.02 35.17
4/30/2014 42.52 5.32 16.68 36.55
5/31/2014 48.51 8.99 18.58 39.24
6/30/2014 53.54 11.89 19.72 41.73
7/31/2014 53.01 14.05 17.37 39.47
8/31/2014 57.55 16.62 17.19 42.54
9/30/2014 48.05 7.98 12.69 38.67
10/31/2014 50.72 9.25 11.05 39.57
11/30/2014 48.12 8.10 12.56 42.37
12/31/2014 38.06 3.11 8.66 40.07
1/31/2015 36.31 3.73 9.19 37.53
2/28/2015 39.23 6.94 15.72 45.59
3/31/2015 36.20 5.42 13.96 43.31
4/30/2015 41.95 13.53 18.62 46.67
5/31/2015 39.27 8.99 18.01 47.18
6/30/2015 37.25 6.15 14.67 43.76
7/31/2015 30.76 -1.20 17.05 46.34
8/31/2015 16.84 -10.14 8.44 36.65
9/30/2015 13.42 -12.84 2.93 31.61
10/31/2015 23.80 -6.63 10.98 42.04
11/30/2015 21.31 -10.27 9.25 41.34
12/31/2015 18.65 -12.27 7.78 38.85
1/31/2016 11.74 -17.96 -0.02 30.54
2/29/2016 10.38 -18.09 -1.85 29.57
3/31/2016 22.20 -7.26 4.54 38.37
4/30/2016 21.89 -6.75 7.57 40.56
5/31/2016 20.91 -10.23 6.59 41.34
6/30/2016 23.02 -6.64 3.01 39.76
7/31/2016 27.08 -1.94 8.23 45.67
8/31/2016 30.55 0.49 8.31 45.79
9/30/2016 33.76 1.78 9.64 46.56
10/31/2016 33.95 2.03 7.40 43.72
11/30/2016 27.20 -2.67 5.26 45.79
12/31/2016 26.82 -2.45 8.86 49.28
1/31/2017 33.12 2.88 12.01 52.88
2/28/2017 35.35 6.03 13.62 57.12
3/31/2017 40.75 8.71 16.74 58.80
4/30/2017 44.66 11.09 19.71 61.15
5/31/2017 48.73 14.37 24.11 64.56
6/30/2017 50.41 15.53 23.89 65.19
7/31/2017 58.63 22.41 27.46 69.14
8/31/2017 62.31 25.14 27.41 69.38
9/30/2017 62.74 24.65 30.58 73.18
10/31/2017 66.96 29.01 32.57 76.46
11/30/2017 66.06 29.27 33.96 80.28
12/31/2017 70.92 33.91 36.11 82.72
1/31/2018 84.81 45.08 42.93 92.37
2/28/2018 75.83 38.38 36.48 84.40
3/31/2018 75.95 35.81 34.02 80.38
4/30/2018 73.71 35.21 37.08 82.45
5/31/2018 73.16 30.42 34.00 83.59
6/30/2018 68.73 25.00 32.36 83.51

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 07/21/2018

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
1.99
1.02
Beta
0.88
0.90
Information Ratio
0.32
0.11
R-Squared
91.29
88.11
Sharpe Ratio
0.49
0.42
Standard Deviation
14.74
14.21
Upside Capture
90.31
91.40
Downside Capture
80.41
86.43
Sortino Ratio
0.23
0.19
Win Ratio
47.00
48.00
Loss Ratio
53.00
52.00
Tracking Error
4.77
5.13
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/4/2017
Per Share ($)
$0.1292
12-Month Distribution ($)
$0.1292
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
  • D
Net Income
87.20%
Net Profit from Sale
0.00%
Other Capital Sources
12.80%
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. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
  10. C. "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.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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