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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
  • C
(as of 05/24/2019)
$39.60
Total Assets
(as of 04/30/2019)
$42.29 BN
Gross Expense Ratio
(as of 04/30/2019)
1.55%
Net Expense Ratio
(as of 04/30/2019)
1.55%
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)
12.26% -4.37% 11.05% 3.18% 10.85% 10.80%
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)
12.26% -4.37% 11.05% 3.18% 10.85% 10.80%
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)
15.64% -0.21% 12.27% 3.78% 9.40% 10.93%
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)
15.64% -0.21% 12.27% 3.78% 9.40% 10.93%
MSCI Emerging Markets Index
12.23% -5.04% 11.25% 4.04% 7.50% -
Gross Expense Ratio: 1.55% | Net Expense Ratio: 1.55%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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.  Class R shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.
 


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%
2018 -12.39% -14.57%

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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.  Class R shares are not subject to a 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 17.87 17.09 11.83 9.06
6/30/2009 17.53 15.51 11.19 8.57
7/31/2009 29.76 28.50 21.35 17.76
8/31/2009 30.75 28.04 27.94 22.62
9/30/2009 41.76 39.66 32.84 27.51
10/31/2009 40.76 39.83 31.18 25.24
11/30/2009 49.17 45.84 33.81 30.36
12/31/2009 54.70 51.60 35.74 32.70
1/31/2010 46.06 43.14 29.76 27.22
2/28/2010 47.78 43.65 28.87 29.01
3/31/2010 59.03 55.24 36.91 37.00
4/30/2010 60.91 57.13 34.43 37.02
5/31/2010 48.94 43.31 18.96 23.89
6/30/2010 48.88 42.25 17.78 19.64
7/31/2010 63.30 54.10 28.95 29.34
8/31/2010 60.03 51.11 24.94 24.52
9/30/2010 79.59 67.90 37.19 36.13
10/31/2010 85.86 72.77 42.14 41.20
11/30/2010 81.48 68.21 35.30 38.15
12/31/2010 95.67 80.22 46.25 48.31
1/31/2011 85.25 75.33 49.71 51.66
2/28/2011 84.86 73.69 54.64 56.97
3/31/2011 94.06 83.90 51.18 55.42
4/30/2011 100.49 89.61 60.21 62.03
5/31/2011 95.11 84.63 55.48 58.66
6/30/2011 92.51 81.79 53.53 56.15
7/31/2011 89.79 80.99 51.09 53.32
8/31/2011 77.38 64.81 37.45 42.52
9/30/2011 53.76 40.78 24.35 30.21
10/31/2011 72.39 59.43 36.34 43.68
11/30/2011 65.74 48.81 29.73 40.17
12/31/2011 59.63 47.01 28.50 40.09
1/31/2012 73.99 63.69 35.35 47.12
2/29/2012 83.79 73.49 43.12 54.31
3/31/2012 83.17 67.70 42.45 56.29
4/30/2012 81.76 65.70 39.67 54.52
5/31/2012 62.95 47.12 23.63 41.18
6/30/2012 72.08 52.79 32.30 48.37
7/31/2012 72.58 55.77 33.80 50.28
8/31/2012 75.17 55.26 37.39 54.09
9/30/2012 84.18 64.62 41.46 58.32
10/31/2012 85.65 63.62 42.63 57.26
11/30/2012 85.59 65.70 46.08 59.27
12/31/2012 92.29 73.80 50.75 62.26
1/31/2013 97.42 76.20 58.70 70.53
2/28/2013 93.87 73.99 57.20 70.81
3/31/2013 92.34 70.99 58.49 74.81
4/30/2013 94.60 72.28 66.75 80.32
5/31/2013 93.53 67.86 62.72 80.39
6/30/2013 84.39 57.17 56.94 75.94
7/31/2013 90.65 58.81 65.22 85.20
8/31/2013 84.50 56.09 63.03 81.26
9/30/2013 100.52 66.24 75.09 90.33
10/31/2013 107.57 74.31 80.97 97.78
11/30/2013 105.88 71.76 82.36 101.29
12/31/2013 107.58 69.28 85.09 105.55
1/31/2014 91.26 58.29 77.64 97.94
2/28/2014 100.04 63.53 87.51 107.85
3/31/2014 103.78 68.55 86.32 108.15
4/30/2014 103.89 69.12 89.01 110.28
5/31/2014 112.39 75.02 92.08 114.42
6/30/2014 119.53 79.67 93.93 118.25
7/31/2014 118.74 83.14 90.12 114.77
8/31/2014 125.20 87.27 89.83 119.50
9/30/2014 111.54 73.39 82.54 113.54
10/31/2014 115.34 75.43 79.88 114.93
11/30/2014 111.54 73.58 82.33 119.23
12/31/2014 97.16 65.58 76.02 115.70
1/31/2015 94.62 66.57 76.88 111.79
2/28/2015 98.77 71.73 87.45 124.20
3/31/2015 94.39 69.29 84.60 120.69
4/30/2015 102.58 82.31 92.14 125.86
5/31/2015 98.66 75.01 91.16 126.64
6/30/2015 95.77 70.46 85.74 121.37
7/31/2015 86.43 58.64 89.60 125.35
8/31/2015 66.59 44.30 75.65 110.43
9/30/2015 61.68 39.95 66.73 102.67
10/31/2015 76.39 49.94 79.76 118.73
11/30/2015 72.82 44.09 76.97 117.64
12/31/2015 69.04 40.88 74.58 113.82
1/31/2016 59.16 31.74 61.96 101.03
2/29/2016 57.19 31.52 58.99 99.53
3/31/2016 74.01 48.93 69.34 113.07
4/30/2016 73.49 49.74 74.24 116.44
5/31/2016 72.11 44.15 72.66 117.66
6/30/2016 75.05 49.91 66.86 115.22
7/31/2016 80.77 57.46 75.32 124.31
8/31/2016 85.69 61.37 75.44 124.50
9/30/2016 90.19 63.44 77.60 125.69
10/31/2016 90.43 63.83 73.96 121.32
11/30/2016 80.77 56.29 70.50 124.51
12/31/2016 80.21 56.64 76.33 129.88
1/31/2017 89.11 65.21 81.44 135.43
2/28/2017 92.29 70.27 84.04 141.96
3/31/2017 99.92 74.56 89.10 144.53
4/30/2017 105.41 78.39 93.92 148.16
5/31/2017 111.13 83.66 101.03 153.41
6/30/2017 113.50 85.51 100.68 154.38
7/31/2017 125.06 96.57 106.47 160.47
8/31/2017 130.26 100.95 106.39 160.83
9/30/2017 130.84 100.15 111.52 166.69
10/31/2017 136.74 107.17 114.74 171.73
11/30/2017 135.41 107.59 116.99 177.62
12/31/2017 142.32 115.04 120.47 181.37
1/31/2018 161.88 132.96 131.53 196.23
2/28/2018 149.15 122.22 121.08 183.96
3/31/2018 149.21 118.08 117.09 177.77
4/30/2018 146.03 117.12 122.05 180.96
5/31/2018 145.16 109.43 117.06 182.72
6/30/2018 138.85 100.72 114.41 182.58
7/31/2018 140.07 105.13 119.69 191.41
8/31/2018 133.30 99.59 115.44 195.02
9/30/2018 130.58 98.53 117.31 196.66
10/31/2018 108.88 81.24 100.02 174.88
11/30/2018 119.18 88.71 99.76 178.00
12/31/2018 112.29 83.71 90.07 156.86
1/31/2019 130.29 99.79 102.56 176.84
2/28/2019 134.97 100.24 107.72 185.17
3/31/2019 138.33 101.92 109.03 188.91
4/30/2019 145.50 106.18 114.91 199.16

The performance data quoted represents past performance, which does not guarantee future results.  The investment return and principal value of an investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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.  Class R shares are not subject to a 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
1.93
0.08
Beta
0.89
0.89
Information Ratio
0.24
-0.05
R-Squared
89.55
90.18
Sharpe Ratio
0.90
0.27
Standard Deviation
12.30
14.39
Upside Capture
94.17
90.02
Downside Capture
82.72
89.58
Sortino Ratio
1.44
0.41
Win Ratio
42.00
47.00
Loss Ratio
58.00
53.00
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
$22.03 B
P/E Ratio (LTM)
27.61
14.46
P/E Ratio (NTM)
18.97
12.66
Price/Book
3.27
1.89
Return on Equity
17.18%
17.14%
Turnover Ratio
36%
-
Active Share
79.78%
-
Dividends
  • F
Est. Frequency
Annual
Last Pay Date
12/4/2017
Per Share ($)
$0.0451
Distribution Sources
  • F
Net Income
87.20%
Net Profit from Sale
0.00%
Other Capital Sources
12.80%
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 investments in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the originals 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.  Class R shares are not subject to a 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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