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ODVCX

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
683974307
NAV
  • C
(as of 05/24/2019)
$38.26
Total Assets
(as of 04/30/2019)
$42.29 BN
Gross Expense Ratio
(as of 04/30/2019)
2.05%
Net Expense Ratio
(as of 04/30/2019)
2.05%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 04/30/2019
  • D
as of 03/31/2019
  • D

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • D
Cumulative
Annualized
ytd as of 2019-03-31
  • E
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
12.13% -4.85% 10.50% 2.66% 10.38% 10.77%
MSCI Emerging Markets Index
9.92% -7.41% 10.68% 3.68% 8.94% -
Cumulative
Annualized
ytd as of 2019-03-31
  • E
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (with sales charge)
11.13% -5.80% 10.50% 2.66% 10.38% 10.77%
MSCI Emerging Markets Index
9.92% -7.41% 10.68% 3.68% 8.94% -
Cumulative
Annualized
ytd as of 2019-04-30
  • E
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
15.46% -0.70% 11.71% 3.27% 8.93% 10.88%
MSCI Emerging Markets Index
12.23% -5.04% 11.25% 4.04% 7.50% -
Cumulative
Annualized
ytd as of 2019-04-30
  • E
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (with sales charge)
14.46% -1.70% 11.71% 3.27% 8.93% 10.88%
MSCI Emerging Markets Index
12.23% -5.04% 11.25% 4.04% 7.50% -
Gross Expense Ratio: 2.05% | Net Expense Ratio: 2.05%

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 and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated.  Class C shares are subject to a 0.75% annual asset-backed sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.


Year Developing Markets Fund MSCI Emerging Markets Index
1997 13.18% -
1998 -19.98% -
1999 80.95% -
2000 -5.93% -
2001 -6.55% -2.62%
2002 -2.32% -6.17%
2003 63.98% 55.82%
2004 32.01% 25.55%
2005 40.15% 34.00%
2006 24.31% 32.17%
2007 32.90% 39.53%
2008 -48.38% -53.33%
2009 80.37% 78.51%
2010 26.10% 18.88%
2011 -18.68% -18.42%
2012 20.04% 18.22%
2013 7.60% -2.60%
2014 -5.51% -2.19%
2015 -14.71% -14.92%
2016 6.10% 11.19%
2017 33.78% 37.28%
2018 -12.83% -14.57%

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 and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated.  Class C shares are subject to a 0.75% annual asset-backed sales charge.  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
4/30/2009 0.00 0.00 0.00 0.00
5/31/2009 17.85 17.09 11.83 9.06
6/30/2009 17.46 15.51 11.19 8.57
7/31/2009 29.66 28.50 21.35 17.76
8/31/2009 30.60 28.04 27.94 22.62
9/30/2009 41.57 39.66 32.84 27.51
10/31/2009 40.52 39.83 31.18 25.24
11/30/2009 48.84 45.84 33.81 30.36
12/31/2009 54.28 51.60 35.74 32.70
1/31/2010 45.62 43.14 29.76 27.22
2/28/2010 47.34 43.65 28.87 29.01
3/31/2010 58.49 55.24 36.91 37.00
4/30/2010 60.32 57.13 34.43 37.02
5/31/2010 48.40 43.31 18.96 23.89
6/30/2010 48.29 42.25 17.78 19.64
7/31/2010 62.59 54.10 28.95 29.34
8/31/2010 59.27 51.11 24.94 24.52
9/30/2010 78.68 67.90 37.19 36.13
10/31/2010 84.94 72.77 42.14 41.20
11/30/2010 80.45 68.21 35.30 38.15
12/31/2010 94.54 80.22 46.25 48.31
1/31/2011 84.11 75.33 49.71 51.66
2/28/2011 83.67 73.69 54.64 56.97
3/31/2011 92.82 83.90 51.18 55.42
4/30/2011 99.14 89.61 60.21 62.03
5/31/2011 93.76 84.63 55.48 58.66
6/30/2011 91.10 81.79 53.53 56.15
7/31/2011 88.38 80.99 51.09 53.32
8/31/2011 76.01 64.81 37.45 42.52
9/30/2011 52.50 40.78 24.35 30.21
10/31/2011 70.91 59.43 36.34 43.68
11/30/2011 64.31 48.81 29.73 40.17
12/31/2011 58.20 47.01 28.50 40.09
1/31/2012 72.34 63.69 35.35 47.12
2/29/2012 82.05 73.49 43.12 54.31
3/31/2012 81.38 67.70 42.45 56.29
4/30/2012 79.92 65.70 39.67 54.52
5/31/2012 61.29 47.12 23.63 41.18
6/30/2012 70.27 52.79 32.30 48.37
7/31/2012 70.77 55.77 33.80 50.28
8/31/2012 73.24 55.26 37.39 54.09
9/30/2012 82.05 64.62 41.46 58.32
10/31/2012 83.45 63.62 42.63 57.26
11/30/2012 83.40 65.70 46.08 59.27
12/31/2012 89.91 73.80 50.75 62.26
1/31/2013 94.96 76.20 58.70 70.53
2/28/2013 91.42 73.99 57.20 70.81
3/31/2013 89.80 70.99 58.49 74.81
4/30/2013 91.98 72.28 66.75 80.32
5/31/2013 90.92 67.86 62.72 80.39
6/30/2013 81.83 57.17 56.94 75.94
7/31/2013 87.94 58.81 65.22 85.20
8/31/2013 81.83 56.09 63.03 81.26
9/30/2013 97.54 66.24 75.09 90.33
10/31/2013 104.39 74.31 80.97 97.78
11/30/2013 102.70 71.76 82.36 101.29
12/31/2013 104.34 69.28 85.09 105.55
1/31/2014 88.15 58.29 77.64 97.94
2/28/2014 96.73 63.53 87.51 107.85
3/31/2014 100.34 68.55 86.32 108.15
4/30/2014 100.34 69.12 89.01 110.28
5/31/2014 108.63 75.02 92.08 114.42
6/30/2014 115.56 79.67 93.93 118.25
7/31/2014 114.66 83.14 90.12 114.77
8/31/2014 120.92 87.27 89.83 119.50
9/30/2014 107.44 73.39 82.54 113.54
10/31/2014 111.05 75.43 79.88 114.93
11/30/2014 107.27 73.58 82.33 119.23
12/31/2014 93.09 65.58 76.02 115.70
1/31/2015 90.50 66.57 76.88 111.79
2/28/2015 94.46 71.73 87.45 124.20
3/31/2015 90.10 69.29 84.60 120.69
4/30/2015 98.08 82.31 92.14 125.86
5/31/2015 94.17 75.01 91.16 126.64
6/30/2015 91.19 70.46 85.74 121.37
7/31/2015 82.01 58.64 89.60 125.35
8/31/2015 62.63 44.30 75.65 110.43
9/30/2015 57.75 39.95 66.73 102.67
10/31/2015 72.03 49.94 79.76 118.73
11/30/2015 68.48 44.09 76.97 117.64
12/31/2015 64.69 40.88 74.58 113.82
1/31/2016 55.00 31.74 61.96 101.03
2/29/2016 53.05 31.52 58.99 99.53
3/31/2016 69.34 48.93 69.34 113.07
4/30/2016 68.76 49.74 74.24 116.44
5/31/2016 67.33 44.15 72.66 117.66
6/30/2016 70.14 49.91 66.86 115.22
7/31/2016 75.65 57.46 75.32 124.31
8/31/2016 80.35 61.37 75.44 124.50
9/30/2016 84.60 63.44 77.60 125.69
10/31/2016 84.77 63.83 73.96 121.32
11/30/2016 75.30 56.29 70.50 124.51
12/31/2016 74.73 56.64 76.33 129.88
1/31/2017 83.28 65.21 81.44 135.43
2/28/2017 86.26 70.27 84.04 141.96
3/31/2017 93.54 74.56 89.10 144.53
4/30/2017 98.82 78.39 93.92 148.16
5/31/2017 104.27 83.66 101.03 153.41
6/30/2017 106.45 85.51 100.68 154.38
7/31/2017 117.58 96.57 106.47 160.47
8/31/2017 122.51 100.95 106.39 160.83
9/30/2017 122.97 100.15 111.52 166.69
10/31/2017 128.54 107.17 114.74 171.73
11/30/2017 127.22 107.59 116.99 177.62
12/31/2017 133.76 115.04 120.47 181.37
1/31/2018 152.51 132.96 131.53 196.23
2/28/2018 140.12 122.22 121.08 183.96
3/31/2018 140.12 118.08 117.09 177.77
4/30/2018 136.91 117.12 122.05 180.96
5/31/2018 135.99 109.43 117.06 182.72
6/30/2018 129.85 100.72 114.41 182.58
7/31/2018 130.89 105.13 119.69 191.41
8/31/2018 124.29 99.59 115.44 195.02
9/30/2018 121.59 98.53 117.31 196.66
10/31/2018 100.66 81.24 100.02 174.88
11/30/2018 110.47 88.71 99.76 178.00
12/31/2018 103.75 83.71 90.07 156.86
1/31/2019 120.96 99.79 102.56 176.84
2/28/2019 125.38 100.24 107.72 185.17
3/31/2019 128.48 101.92 109.03 188.91
4/30/2019 135.25 106.18 114.91 199.16

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 and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated.  Class C shares are subject to a 0.75% annual asset-backed sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

$ per share as of 05/24/2019

Date 2014 2015 2016 2017 2018
Short Term
Long Term 0.5977
Total Amount of Distribution 0.5977
Record Date 12/4/14
Ex Div Date 12/5/14
Pay Date 12/5/14

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

Portfolio

Top Issuers

(56.4% of assets as of 04/30/2019)


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 24.9% 33.0% -8.1%
India 10.8% 9.1% 1.7%
Hong Kong 7.1% - -
Mexico 6.6% 2.7% 3.8%
France 6.0% - -
Russia 5.8% 3.8% 2.0%
Brazil 4.7% 7.0% -2.3%
Taiwan 4.7% 11.6% -6.8%
South Korea 3.4% 12.8% -9.4%
Philippines 3.4% 1.1% 2.3%
United Kingdom 3.3% - -
United States 2.5% - -
South Africa 2.4% 6.2% -3.8%
Chile 1.3% 1.0% 0.3%
Peru 1.3% 0.4% 0.9%
Turkey 1.2% 0.5% 0.7%
Indonesia 1.1% 2.1% -1.1%
Singapore 1.0% - -
United Arab Emirates 0.8% 0.7% 0.0%
Italy 0.6% - -
Developed Markets Developing Markets Fund MSCI Emerging Markets Index
Overweight / Underweight
Europe 9.9% - -
Asia Pacific 8.1% - -
Americas 2.5% - -
Emerging Markets Developing Markets Fund MSCI Emerging Markets Index
Overweight / Underweight
Asia Pacific 49.1% 74.3% -25.1%
Americas 14.4% 11.6% 2.8%
Europe 7.0% 6.2% 0.8%
Africa 2.8% 6.3% -3.5%
Middle East 0.8% 1.7% -0.9%
Equity Sector Developing Markets Fund MSCI Emerging Markets Index
Overweight / Underweight
Consumer Discretionary 24.3% 13.6% 10.7%
Financials 23.5% 24.2% -0.7%
Information Technology 8.4% 14.8% -6.4%
Consumer Staples 7.8% 6.4% 1.4%
Materials 7.3% 7.1% 0.2%
Health Care 6.4% 2.6% 3.8%
Communication Services 5.6% 12.5% -6.9%
Energy 5.0% 7.9% -2.9%
Industrials 4.3% 5.2% -0.9%
Real Estate 2.0% 3.1% -1.1%
Industry Developing Markets Fund MSCI Emerging Markets Index
Overweight / Underweight
Internet & Direct Marketing Retail 9.9% 7.5% 2.3%
Banks 9.3% 16.7% -7.4%
Textiles Apparel & Luxury Goods 7.3% 0.8% 6.5%
Metals & Mining 5.9% 3.3% 2.7%
Hotels Restaurants & Leisure 5.1% 0.8% 4.4%
Oil Gas & Consumable Fuels 5.0% 7.9% -2.8%
Semiconductors & Semiconductor Equipment 4.7% 5.5% -0.8%
Capital Markets 4.5% 1.4% 3.2%
Interactive Media & Services 4.5% 7.1% -2.6%
Insurance 4.0% 4.0% 0.1%
Thrifts & Mortgage Finance 3.5% 1.0% 2.5%
Pharmaceuticals 3.2% 1.3% 1.9%
Beverages 2.8% 1.2% 1.5%
Food & Staples Retailing 2.7% 1.7% 1.0%
Industrial Conglomerates 2.4% 1.4% 1.0%
Personal Products 2.1% 0.7% 1.4%
Multiline Retail 2.0% 0.6% 1.4%
Real Estate Management & Development 2.0% 2.8% -0.8%
Diversified Financial Services 1.8% 0.9% 0.9%
IT Services 1.6% 1.9% -0.3%
Asset Allocation Developing Markets Fund MSCI Emerging Markets Index
Overweight / Underweight
Equity 94.6% 100.0% -5.4%
Net Cash and Equivalents 5.4% - -
Market Cap Developing Markets Fund MSCI Emerging Markets Index
Overweight / Underweight
Large 86.0% 89.8% -3.8%
Mid 6.7% 9.5% -2.8%
Small 0.3% 0.7% -0.3%
Analytics
(As of 04/30/2019)

Morningstar 04/30/2019 (based on risk adjusted performance)
  • B
Overall Rating
Number of Funds
712
Category
Diversified Emerging Mkts
Analyst Rating (as of 9/4/18)
Silver
Performance Statistics
3Y
5Y
Alpha
1.43
-0.42
Beta
0.89
0.89
Information Ratio
0.11
-0.16
R-Squared
89.55
90.19
Sharpe Ratio
0.85
0.24
Standard Deviation
12.30
14.39
Upside Capture
92.76
88.72
Downside Capture
84.03
90.70
Sortino Ratio
1.36
0.35
Win Ratio
42.00
45.00
Loss Ratio
58.00
55.00
Tracking Error
4.23
4.78
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$98.73 B
$89.07 B
Median Market Cap (weighted)
$41.90 B
$22.03 B
P/E Ratio (LTM)
27.61
14.46
P/E Ratio (NTM)
18.97
12.66
Price/Book
3.27
1.89
Return on Equity
17.18%
17.14%
Turnover Ratio
36%
-
Active Share
79.78%
-
Dividends
  • F
Est. Frequency
Annual
Last Pay Date
12/5/2014
Per Share ($)
$0.0000
Documents
  1. 1. Effective 4/12/13, the purchase and exchange of Fund shares will be restricted, subject to certain exceptions. Please see the prospectus supplement for further information.
  2. 2. 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. The MSCI Emerging Markets Index is designed to measure equity market performance of emerging markets. The index is unmanaged, includes the reinvestment of dividends and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict performance of the Fund. Past performance does not guarantee future results.
  5. 5. Holdings are subject to change, and are dollar weighted based on total new 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 morelikely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weighting of each pillar may vary. The Analyst Rating reflects an overall assessment and is overseen by Morningstar’s Analyst Rating Committee. The analyst rating scale is five-tiered, with threepositive 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 causeMstar’s expectations not to occur or to differ significantly.
  8. A. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. <b>The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics.</b> The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Ratings do not consider sales charges and are subject to change monthly. <strong>Past performance is no guarantee of future results</strong></p>
  9. B. The Morningstar Rating&trade; for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange-traded funds, closed-end funds, and separate accounts) with at least a three year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 star s, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods. Oppenheimer Developing Markets Fund was rated against the following numbers of Diversified Emerging Mkts funds over the following time periods: the fund was rated 4 stars among 712 funds in the last three years, 3 stars among 553 in the last five years, and 4 stars among 238 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  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 7:00pm ET daily.
  11. D. 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 and reinvested distributions and a 1% contingent deferred sales charge for the first year where indicated.  Class C shares are subject to a 0.75% annual asset-backed sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
  12. E. "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.
  13. F. There is no guarantee of the payment of any dividend or other distributions at any level.
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