Global Equity

Fund Focus: The Strategy typically invests in emerging and developing market stocks.

Special Notice:

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

×

Cumulative Total Returns

as of 6/30/15

Since Inception 11/18/96
847%
Performance & Distributions
×

Global Equity

Standardized Performance
Gross Expense Ratio:
      1.33%
    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.

    Cumulative Returns
    • A

    Compare to Indices

    Developing Markets Fund
    VALUE of $10,000.00

    Calendar Year Returns % (w/o sales charge)
    Data as of 7/31/15
      1997 1998 1999 2000 2001 2002 2003 2004 2005 2006 2007 2008 2009 2010 2011 2012 2013 2014 YTD
    • B
    Developing Markets Fund 14.09 -19.36 82.30 -5.26 -5.73 -1.60 65.23 33.00 41.23 25.18 33.86 -48.03 81.73 26.99 -18.10 20.85 8.36 -4.81 -5.29
    MSCI Emerging Markets Index 34.00 32.17 39.39 -53.33 78.51 18.88 -18.42 18.22 -2.60 -2.19
    Capital Gains Distributions ($ per share)
    Data as of 7/31/15
      2010 2011 2012 2013 2014
    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.

    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.

    Average Annual Total Returns
    • A

    as of 7/31/15

    as of 6/30/15

    • A
    YTD (as of 7/31/15)
    • B
    -5.29%
    1 Year -14.54%
    3 Year 2.90%
    5 Year 3.02%
    10 Year 9.14%
    Since Inception 12.48%
    YTD (as of 7/31/15)
    • B
    -5.29%
    1 Year -19.46%
    3 Year 0.89%
    5 Year 1.81%
    10 Year 8.50%
    Since Inception 12.13%
    YTD (as of 7/31/15)
    • B
    -5.29%
    1 Year -10.61%
    3 Year 4.70%
    5 Year 5.97%
    10 Year 10.28%
    Since Inception 12.84%
    YTD (as of 7/31/15)
    • B
    -5.29%
    1 Year -15.75%
    3 Year 2.65%
    5 Year 4.73%
    10 Year 9.63%
    Since Inception 12.48%
    Gross Expense Ratio
    1.33%
    Net Expense Ratio
    1.32%

    Share Price
    • C
    as of 7/31/15
    $33.64

    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 to Date" returns are cumulative, not annualized, and do not reflect sales charges.  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.

    Top 20 Stock Holdings By Issuers

    (39.7% of assets) as of 6/30/15

    Housing Development Finance C...
    3.4%
    Tencent Holdings Ltd.
    3.2%
    Magnit
    3.0%
    Infosys Technologies Ltd.
    2.7%
    Taiwan Semiconductor ADR
    2.6%
    Novatek OAO
    2.4%
    Baidu.com
    2.4%
    Alibaba Group Holding Ltd.
    2.0%
    JD.Com, Inc.
    2.0%
    MediaTek Inc.
    1.9%
    AIA Group Ltd.
    1.6%
    Prada S.p.A.
    1.6%
    Grupo Financiero Banorte
    1.4%
    Astra Intl, Inc. PT
    1.4%
    Lojas Americanas SA PFD
    1.4%
    LVMH Moet Hennessy Louis Vuit...
    1.4%
    Grupo Televisa SA
    1.4%
    America Movil SA de CV
    1.3%
    Hong Kong Exchanges
    1.3%
    ICICI Bank Ltd.
    1.3%
    ×
    • 3.4 %

      Housing Development Finance Corp.

    • Provides home loan services
      Source: FactSet
    COUNTRY India
    SECTOR Financials
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Thrifts & Mortgage Finance
    ×
    • 3.2 %

      Tencent Holdings Ltd.

    • Operates as an investment holding company which provides internet, mobile, and telecommunications value-added services
      Source: FactSet
    COUNTRY China
    SECTOR Information Technology
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Internet Software & Services
    ×
    • 3.0 %

      Magnit

    • Owns and operates retail and convenience stores and hypermarkets
      Source: FactSet
    COUNTRY Russia
    SECTOR Consumer Staples
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Food & Staples Retailing
    ×
    • 2.7 %

      Infosys Technologies Ltd.

    • Offers technology consulting, application, system integration & engineering services
      Source: FactSet
    COUNTRY India
    SECTOR Information Technology
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY IT Services
    ×
    • 2.6 %

      Taiwan Semiconductor ADR

    • Manufactures, distributes and tests integrated circuits, silicon wafers, diodes and related semiconductor components
      Source: FactSet
    COUNTRY Taiwan
    SECTOR Information Technology
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Semiconductors & Semiconductor Equipment
    ×
    • 2.4 %

      Novatek OAO

    • Explores, produces, and processes natural gas and liquid hydrocarbons
      Source: FactSet
    COUNTRY Russia
    SECTOR Energy
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Oil Gas & Consumable Fuels
    ×
    • 2.4 %

      Baidu.com

    • Operates an Internet search engine
      Source: FactSet
    COUNTRY China
    SECTOR Information Technology
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Internet Software & Services
    ×
    • 2.0 %

      Alibaba Group Holding Ltd.

    • Operates as an online and mobile commerce company
      Source: FactSet
    COUNTRY China
    SECTOR Information Technology
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Internet Software & Services
    ×
    • 2.0 %

      JD.Com, Inc.

    • Provides online shopping services
      Source: FactSet
    COUNTRY China
    SECTOR Consumer Discretionary
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Internet & Catalog Retail
    ×
    • 1.9 %

      MediaTek Inc.

    • Designs, researches, develops, manufactures and distributes optical storage IC chipsets
      Source: FactSet
    COUNTRY Taiwan
    SECTOR Information Technology
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Semiconductors & Semiconductor Equipment
    ×
    • 1.6 %

      AIA Group Ltd.

    • Provides general insurance services
      Source: FactSet
    COUNTRY Hong Kong
    SECTOR Financials
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Insurance
    ×
    • 1.6 %

      Prada S.p.A.

    • Designs, manufactures, and markets clothing and accessories
      Source: FactSet
    COUNTRY Hong Kong
    SECTOR Consumer Discretionary
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Textiles Apparel & Luxury Goods
    ×
    • 1.4 %

      Grupo Financiero Banorte

    • Provides commercial banking and security brokerage services
      Source: FactSet
    COUNTRY Mexico
    SECTOR Financials
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Banks
    ×
    • 1.4 %

      Astra Intl, Inc. PT

    • Operates as an holding company with interests in automotive, financial services and agriculture industries
      Source: FactSet
    COUNTRY Indonesia
    SECTOR Consumer Discretionary
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Automobiles
    ×
    • 1.4 %

      Lojas Americanas SA PFD

    • Operates traditional retail chain stores
      Source: FactSet
    COUNTRY Brazil
    SECTOR Consumer Discretionary
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Multiline Retail
    ×
    • 1.4 %

      LVMH Moet Hennessy Louis Vuitton

    • Operates as a holding company with interests in manufacturing beverages and other luxury goods
      Source: FactSet
    COUNTRY France
    SECTOR Consumer Discretionary
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Textiles Apparel & Luxury Goods
    ×
    • 1.4 %

      Grupo Televisa SA

    • Provides media products and services, operates television broadcasting stations and publishes magazines
      Source: FactSet
    COUNTRY Mexico
    SECTOR Consumer Discretionary
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Media
    ×
    • 1.3 %

      America Movil SA de CV

    • Provides wireless telecommunications services
      Source: FactSet
    COUNTRY Mexico
    SECTOR Telecommunication Services
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Wireless Telecommunication Services
    ×
    • 1.3 %

      Hong Kong Exchanges

    • Owns and operates securities exchanges and clearing services
      Source: FactSet
    COUNTRY Hong Kong
    SECTOR Financials
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Diversified Financial Services
    ×
    • 1.3 %

      ICICI Bank Ltd.

    • Provides commercial and retail banking services
      Source: FactSet
    COUNTRY India
    SECTOR Financials
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Banks

    Holdings Breakdown

    as of 6/30/15

    19.4%

    China

    14.8%

    India

    8.6%

    Hong Kong

    7.8%

    Brazil

    6.7%

    Russia

    6.7%

    Mexico

    4.5%

    Taiwan

    3.6%

    United Kingdom

    No Top Stock Holdings By Issuers
    in
    United Kingdom
    3.1%

    France

    2.9%

    Colombia

    No Top Stock Holdings By Issuers
    in
    Colombia
    2.4%

    Indonesia

    2.3%

    Philippines

    No Top Stock Holdings By Issuers
    in
    Philippines
    2.0%

    Turkey

    No Top Stock Holdings By Issuers
    in
    Turkey
    1.7%

    Malaysia

    No Top Stock Holdings By Issuers
    in
    Malaysia
    1.5%

    United States

    No Top Stock Holdings By Issuers
    in
    United States
    1.2%

    Switzerland

    No Top Stock Holdings By Issuers
    in
    Switzerland
    1.2%

    United Arab Emirates

    No Top Stock Holdings By Issuers
    in
    United Arab Emirates
    1.1%

    South Korea

    No Top Stock Holdings By Issuers
    in
    South Korea
    1.1%

    South Africa

    No Top Stock Holdings By Issuers
    in
    South Africa
    1.1%

    Nigeria

    No Top Stock Holdings By Issuers
    in
    Nigeria
    Developed Markets 5
    Emerging Markets 5
    8.7%

    Europe

    No Top Stock Holdings By Issuers
    in
    Europe
    8.7%

    Asia Pacific

    No Top Stock Holdings By Issuers
    in
    Asia Pacific
    1.9%

    Americas

    No Top Stock Holdings By Issuers
    in
    Americas
    47.0%

    Asia Pacific

    No Top Stock Holdings By Issuers
    in
    Asia Pacific
    17.4%

    Americas

    No Top Stock Holdings By Issuers
    in
    Americas
    6.7%

    Europe

    No Top Stock Holdings By Issuers
    in
    Europe
    3.2%

    Middle East

    No Top Stock Holdings By Issuers
    in
    Middle East
    2.7%

    Africa

    No Top Stock Holdings By Issuers
    in
    Africa
    22.0%

    Financials

    21.9%

    Consumer Discretionary

    18.8%

    Information Technology

    13.8%

    Consumer Staples

    5.0%

    Industrials

    No Top Stock Holdings By Issuers
    in
    Industrials
    4.7%

    Health Care

    No Top Stock Holdings By Issuers
    in
    Health Care
    3.9%

    Materials

    No Top Stock Holdings By Issuers
    in
    Materials
    3.7%

    Energy

    2.4%

    Telecommunication Services

    10.4%

    Internet Software & Services

    6.1%

    Food & Staples Retailing

    5.4%

    Banks

    5.2%

    Beverages

    No Top Stock Holdings By Issuers
    in
    Beverages
    5.2%

    Insurance

    4.9%

    Textiles Apparel & Luxury Goods

    4.9%

    Hotels Restaurants & Leisure

    No Top Stock Holdings By Issuers
    in
    Hotels Restaurants & Leisure
    4.8%

    Diversified Financial Services

    4.5%

    Semiconductors & Semiconductor Equipment

    3.8%

    IT Services

    3.8%

    Internet & Catalog Retail

    3.4%

    Thrifts & Mortgage Finance

    2.8%

    Real Estate Management & Development

    No Top Stock Holdings By Issuers
    in
    Real Estate Management & Development
    2.6%

    Media

    2.6%

    Oil Gas & Consumable Fuels

    2.5%

    Pharmaceuticals

    No Top Stock Holdings By Issuers
    in
    Pharmaceuticals
    2.5%

    Diversified Consumer Services

    No Top Stock Holdings By Issuers
    in
    Diversified Consumer Services
    2.4%

    Wireless Telecommunication Services

    2.1%

    Metals & Mining

    No Top Stock Holdings By Issuers
    in
    Metals & Mining
    2.1%

    Health Care Providers & Services

    No Top Stock Holdings By Issuers
    in
    Health Care Providers & Services
    96.3%

    3.7%

    No Top Stock Holdings By Issuers
    in
    Net Cash and Equivalents
    87.6%

    Large

    11.2%

    Mid

    No Top Stock Holdings By Issuers
    in
    Mid
    1.2%

    Small

    No Top Stock Holdings By Issuers
    in
    Small

    Morningstar
    • D

    as of 6/30/15

    (based on risk adjusted performance)

    Overall Rating
    Number of Funds 549
    Category Diversified Emerging Mkts

    Risk Measurements

    as of 6/30/15

    Alpha 1.42%
    Beta 0.88
    R-Squared
    81.84
    Sharpe Ratio
    0.43
    Standard Deviation
    12.1%

    Equity Style
    • E

    Total Assets (all classes)
    as of 6/30/15
    $38.4 BN

    Morningstar Analyst Rating

    as of 5/8/15

    Silver

    Portfolio Statistics

    as of 6/30/15

    Avg Market Cap (weighted) 36.7 BN
    Median Market Cap (weighted) 18.7 BN
    P/E (next 12 months) 20.35
    Price/Book Value (LTM) 1.86
    Turnover Ratio
    26.0%

    Investment Minimums

    Initial
    $1,000

    Dividends ($ per share)
    • F

    Est Frequency Annual
    Last Pay Date 12/5/14
    Per Share ($) 0.1019
    12-Month Distribution ($) 0.1019

    Top 20 Stock Holdings By Issuers

    (39.7% of assets) as of 6/30/15

    Housing Develop...
    3.4%
    Tencent Holding...
    3.2%
    Magnit
    3.0%
    Infosys Technol...
    2.7%
    Taiwan Semicond...
    2.6%
    Novatek OAO
    2.4%
    Baidu.com
    2.4%
    Alibaba Group H...
    2.0%
    JD.Com, Inc.
    2.0%
    MediaTek Inc.
    1.9%
    AIA Group Ltd.
    1.6%
    Prada S.p.A.
    1.6%
    Grupo Financier...
    1.4%
    Astra Intl, Inc...
    1.4%
    Lojas Americana...
    1.4%
    LVMH Moet Henne...
    1.4%
    Grupo Televisa ...
    1.4%
    America Movil S...
    1.3%
    Hong Kong Excha...
    1.3%
    ICICI Bank Ltd....
    1.3%

    Holdings Breakdown

    as of 6/30/15

    Reset
    19.4%

    China

    14.8%

    India

    8.6%

    Hong Kong

    7.8%

    Brazil

    6.7%

    Russia

    6.7%

    Mexico

    4.5%

    Taiwan

    3.6%

    United Kingdom

    No Top Stock Holdings By Issuers
    in
    United Kingdom
    3.1%

    France

    2.9%

    Colombia

    No Top Stock Holdings By Issuers
    in
    Colombia
    2.4%

    Indonesia

    2.3%

    Philippines

    No Top Stock Holdings By Issuers
    in
    Philippines
    2.0%

    Turkey

    No Top Stock Holdings By Issuers
    in
    Turkey
    1.7%

    Malaysia

    No Top Stock Holdings By Issuers
    in
    Malaysia
    1.5%

    United States

    No Top Stock Holdings By Issuers
    in
    United States
    1.2%

    Switzerland

    No Top Stock Holdings By Issuers
    in
    Switzerland
    1.2%

    United Arab Emirates

    No Top Stock Holdings By Issuers
    in
    United Arab Emirates
    1.1%

    South Korea

    No Top Stock Holdings By Issuers
    in
    South Korea
    1.1%

    South Africa

    No Top Stock Holdings By Issuers
    in
    South Africa
    1.1%

    Nigeria

    No Top Stock Holdings By Issuers
    in
    Nigeria
    8.7%

    Europe

    No Top Stock Holdings By Issuers
    in
    Europe
    8.7%

    Asia Pacific

    No Top Stock Holdings By Issuers
    in
    Asia Pacific
    1.9%

    Americas

    No Top Stock Holdings By Issuers
    in
    Americas
    47.0%

    Asia Pacific

    No Top Stock Holdings By Issuers
    in
    Asia Pacific
    17.4%

    Americas

    No Top Stock Holdings By Issuers
    in
    Americas
    6.7%

    Europe

    No Top Stock Holdings By Issuers
    in
    Europe
    3.2%

    Middle East

    No Top Stock Holdings By Issuers
    in
    Middle East
    2.7%

    Africa

    No Top Stock Holdings By Issuers
    in
    Africa
    22.0%

    Financials

    21.9%

    Consumer Discretionary

    18.8%

    Information Technology

    13.8%

    Consumer Staples

    5.0%

    Industrials

    No Top Stock Holdings By Issuers
    in
    Industrials
    4.7%

    Health Care

    No Top Stock Holdings By Issuers
    in
    Health Care
    3.9%

    Materials

    No Top Stock Holdings By Issuers
    in
    Materials
    3.7%

    Energy

    2.4%

    Telecommunication Services

    10.4%

    Internet Software & Services

    6.1%

    Food & Staples Retailing

    5.4%

    Banks

    5.2%

    Beverages

    No Top Stock Holdings By Issuers
    in
    Beverages
    5.2%

    Insurance

    4.9%

    Textiles Apparel & Luxury Goods

    4.9%

    Hotels Restaurants & Leisure

    No Top Stock Holdings By Issuers
    in
    Hotels Restaurants & Leisure
    4.8%

    Diversified Financial Services

    4.5%

    Semiconductors & Semiconductor Equipment

    3.8%

    IT Services

    3.8%

    Internet & Catalog Retail

    3.4%

    Thrifts & Mortgage Finance

    2.8%

    Real Estate Management & Development

    No Top Stock Holdings By Issuers
    in
    Real Estate Management & Development
    2.6%

    Media

    2.6%

    Oil Gas & Consumable Fuels

    2.5%

    Pharmaceuticals

    No Top Stock Holdings By Issuers
    in
    Pharmaceuticals
    2.5%

    Diversified Consumer Services

    No Top Stock Holdings By Issuers
    in
    Diversified Consumer Services
    2.4%

    Wireless Telecommunication Services

    2.1%

    Metals & Mining

    No Top Stock Holdings By Issuers
    in
    Metals & Mining
    2.1%

    Health Care Providers & Services

    No Top Stock Holdings By Issuers
    in
    Health Care Providers & Services
    96.3%

    3.7%

    No Top Stock Holdings By Issuers
    in
    Net Cash and Equivalents
    87.6%

    Large

    11.2%

    Mid

    No Top Stock Holdings By Issuers
    in
    Mid
    1.2%

    Small

    No Top Stock Holdings By Issuers
    in
    Small
    ×
    • 3.4 %

      Housing Development Finance Corp.

    • Provides home loan services
      Source: FactSet
    COUNTRY India
    SECTOR Financials
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Thrifts & Mortgage Finance
    ×
    • 3.2 %

      Tencent Holdings Ltd.

    • Operates as an investment holding company which provides internet, mobile, and telecommunications value-added services
      Source: FactSet
    COUNTRY China
    SECTOR Information Technology
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Internet Software & Services
    ×
    • 3.0 %

      Magnit

    • Owns and operates retail and convenience stores and hypermarkets
      Source: FactSet
    COUNTRY Russia
    SECTOR Consumer Staples
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Food & Staples Retailing
    ×
    • 2.7 %

      Infosys Technologies Ltd.

    • Offers technology consulting, application, system integration & engineering services
      Source: FactSet
    COUNTRY India
    SECTOR Information Technology
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY IT Services
    ×
    • 2.6 %

      Taiwan Semiconductor ADR

    • Manufactures, distributes and tests integrated circuits, silicon wafers, diodes and related semiconductor components
      Source: FactSet
    COUNTRY Taiwan
    SECTOR Information Technology
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Semiconductors & Semiconductor Equipment
    ×
    • 2.4 %

      Novatek OAO

    • Explores, produces, and processes natural gas and liquid hydrocarbons
      Source: FactSet
    COUNTRY Russia
    SECTOR Energy
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Oil Gas & Consumable Fuels
    ×
    • 2.4 %

      Baidu.com

    • Operates an Internet search engine
      Source: FactSet
    COUNTRY China
    SECTOR Information Technology
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Internet Software & Services
    ×
    • 2.0 %

      Alibaba Group Holding Ltd.

    • Operates as an online and mobile commerce company
      Source: FactSet
    COUNTRY China
    SECTOR Information Technology
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Internet Software & Services
    ×
    • 2.0 %

      JD.Com, Inc.

    • Provides online shopping services
      Source: FactSet
    COUNTRY China
    SECTOR Consumer Discretionary
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Internet & Catalog Retail
    ×
    • 1.9 %

      MediaTek Inc.

    • Designs, researches, develops, manufactures and distributes optical storage IC chipsets
      Source: FactSet
    COUNTRY Taiwan
    SECTOR Information Technology
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Semiconductors & Semiconductor Equipment
    ×
    • 1.6 %

      AIA Group Ltd.

    • Provides general insurance services
      Source: FactSet
    COUNTRY Hong Kong
    SECTOR Financials
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Insurance
    ×
    • 1.6 %

      Prada S.p.A.

    • Designs, manufactures, and markets clothing and accessories
      Source: FactSet
    COUNTRY Hong Kong
    SECTOR Consumer Discretionary
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Textiles Apparel & Luxury Goods
    ×
    • 1.4 %

      Grupo Financiero Banorte

    • Provides commercial banking and security brokerage services
      Source: FactSet
    COUNTRY Mexico
    SECTOR Financials
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Banks
    ×
    • 1.4 %

      Astra Intl, Inc. PT

    • Operates as an holding company with interests in automotive, financial services and agriculture industries
      Source: FactSet
    COUNTRY Indonesia
    SECTOR Consumer Discretionary
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Automobiles
    ×
    • 1.4 %

      Lojas Americanas SA PFD

    • Operates traditional retail chain stores
      Source: FactSet
    COUNTRY Brazil
    SECTOR Consumer Discretionary
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Multiline Retail
    ×
    • 1.4 %

      LVMH Moet Hennessy Louis Vuitton

    • Operates as a holding company with interests in manufacturing beverages and other luxury goods
      Source: FactSet
    COUNTRY France
    SECTOR Consumer Discretionary
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Textiles Apparel & Luxury Goods
    ×
    • 1.4 %

      Grupo Televisa SA

    • Provides media products and services, operates television broadcasting stations and publishes magazines
      Source: FactSet
    COUNTRY Mexico
    SECTOR Consumer Discretionary
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Media
    ×
    • 1.3 %

      America Movil SA de CV

    • Provides wireless telecommunications services
      Source: FactSet
    COUNTRY Mexico
    SECTOR Telecommunication Services
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Wireless Telecommunication Services
    ×
    • 1.3 %

      Hong Kong Exchanges

    • Owns and operates securities exchanges and clearing services
      Source: FactSet
    COUNTRY Hong Kong
    SECTOR Financials
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Diversified Financial Services
    ×
    • 1.3 %

      ICICI Bank Ltd.

    • Provides commercial and retail banking services
      Source: FactSet
    COUNTRY India
    SECTOR Financials
    ASSET CLASS Equity
    MARKET CAP Large
    INDUSTRY Banks

    Management

    Justin Leverenz, CFA

    Managed Fund since 5/07

    Investment Approach

    The portfolio manager invests in emerging market businesses that appear likely to grow at a faster pace than world GDP and may benefit from distinctive structural global growth themes that we call “Big Ideas”. Within this framework, the portfolio manager relies on fundamental analysis to search for exceptional businesses with sustainable competitive advantages, strong management and high return on capital.

    Risk Management

    Our team limits exposure to individual companies, industries and sectors, seeking to limit volatility through company quality and diversification. Learn More

    We focus on investing in companies with attractive risk-reward profiles to construct portfolios that we believe can deliver long-term alpha while providing some downside protection. Learn More

    We utilize rigorous fundamental research to identify securities which have the potential to offer asymmetrical risk/return opportunities. Learn More

    Our team proactively manages risk by constructing diversified portfolios across sectors, industry groups and securities. We manage, monitor and limit sector weights relative to specified benchmarks and security position sizes within each portfolio. Learn More

    Our team closely monitors position size and sector weights; we have limits on active security weights against the benchmark for each strategy we manage. Learn More

    Risk is managed at the portfolio, strategy and security levels to identify diversified sources of alpha. We mainly focus on currency, interest rates and credit. Positions are sized and monitored according to established limits. Learn More

    We focus primarily on senior loans in an effort to maintain product integrity and limit duration risk. Learn More

    The team manages risk at both a strategy and individual security level to help ensure that, when combined, they act as the ballast in an investor’s overall portfolio. Learn More

    Risk is managed at the portfolio, strategy and security levels to identify diversified sources of alpha. We seek to identify primary and secondary risks of each investment. Diversification of sectors can potentially reduce volatility. Learn More

    The team manages risk by administering duration limits, limiting portfolio weighted average maturity and conducting thorough credit analysis on individual securities. Learn More

    The Rochester team has created diverse portfolios designed to mitigate the types of risks that municipal bond investors may encounter. Learn More

    The Commodity team monitors and manages risk at the commodity, sector and strategy levels. Learn More

    The Real Estate team monitors and manages risk at the security, sector and strategy levels. Learn More

    The Global Multi-Asset Group monitors and manages risk on an ongoing basis, both at the asset class and portfolio levels. Learn More

    We emphasize capital preservation by avoiding MLPs that may cut distributions. We seek to build diversified portfolios comprised of MLPs with attractive risk-adjusted total return potential. Learn More

    ×

    Tools

    1. 1. Special Risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks. Emerging and developing market investments may be especially volatile. Due to the recent global economic crisis that caused financial difficulties for many European Union countries, Eurozone investments may be subject to volatility and liquidity issues. Investments in securities of growth companies may be volatile. Small and mid-sized company stock is typically more volatile than that of larger, more established businesses, as these stocks tend to be more sensitive to changes in earnings expectations. It may take a substantial period of time to realize a gain on an investment in a small or mid-sized company, if any gain is realized at all. The Fund may invest a significant portion of assets in a particular region, which may increase volatility and exposure to risks associated with that particular region.
    2. 2. As of 4/12/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus supplement for further information.
    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.
    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. 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.
    9. B. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges.  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. 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 p.m. ET daily.
    11. D. Class A shares rated 4 stars overall by Morningstar among  549  Diversified Emerging Mkts funds for the 3-, 5-, and 10 year period ended 6/30/15 based on risk-adjusted performance.
    12. E. OppenheimerFunds' equity style box is based on the portfolio's overall targeted capitalization range and relative valuation as determined by OFI.
    13. F. There is no guarantee of the payment of any dividend or other distributions at any level.
    ×
    Loading...
    Tiny Button Small Button Large Button Default Button Secondary Button Framed Button Framed Button ( Small Caps )