Spoof Access

×
ODVNX

Developing Markets Fund

×
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.

×
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
  • B
(as of 01/18/2019)
$38.79
Total Assets
(as of 12/31/2018)
$35.47 BN
Gross Expense Ratio
(as of 12/31/2018)
1.55%
Net Expense Ratio
(as of 12/31/2018)
1.55%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 12/31/2018
  • C
as of 12/31/2018
  • C

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • C
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
-12.39% -12.39% 7.89% 0.45% 9.53% 10.24%
MSCI Emerging Markets Index
-14.58% -14.58% 9.25% 1.65% 8.02% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (with sales charge)
-12.39% -12.39% 7.89% 0.45% 9.53% 10.24%
MSCI Emerging Markets Index
-14.58% -14.58% 9.25% 1.65% 8.02% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
-12.39% -12.39% 7.89% 0.45% 9.53% 10.24%
MSCI Emerging Markets Index
-14.58% -14.58% 9.25% 1.65% 8.02% -
Cumulative
Annualized
ytd as of 2018-12-31
  • D
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (with sales charge)
-12.39% -12.39% 7.89% 0.45% 9.53% 10.24%
MSCI Emerging Markets Index
-14.58% -14.58% 9.25% 1.65% 8.02% -
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% -14.58%

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
12/31/2008 0.00 0.00 0.00 0.00
1/31/2009 -6.80 -6.46 -9.81 -8.76
2/28/2009 -12.69 -11.73 -19.07 -18.10
3/31/2009 -0.39 0.95 -13.94 -11.92
4/30/2009 17.10 17.75 -2.92 -2.04
5/31/2009 38.02 37.87 8.57 6.83
6/30/2009 37.63 36.01 7.95 6.35
7/31/2009 51.94 51.30 17.81 15.36
8/31/2009 53.11 50.76 24.21 20.12
9/30/2009 66.00 64.45 28.97 24.90
10/31/2009 64.83 64.65 27.36 22.68
11/30/2009 74.68 71.72 29.91 27.70
12/31/2009 81.16 78.51 31.78 29.99
1/31/2010 71.03 68.55 25.97 24.62
2/28/2010 73.04 69.14 25.11 26.37
3/31/2010 86.22 82.80 32.92 34.20
4/30/2010 88.43 85.01 30.51 34.22
5/31/2010 74.41 68.74 15.49 21.36
6/30/2010 74.34 67.50 14.34 17.20
7/31/2010 91.22 81.45 25.19 26.70
8/31/2010 87.39 77.92 21.30 21.97
9/30/2010 110.30 97.70 33.18 33.34
10/31/2010 117.63 103.44 38.00 38.32
11/30/2010 112.51 98.07 31.35 35.33
12/31/2010 129.12 112.20 41.99 45.28
1/31/2011 116.92 106.44 45.34 48.56
2/28/2011 116.47 104.52 50.13 53.76
3/31/2011 127.24 116.54 46.77 52.25
4/30/2011 134.77 123.26 55.54 58.71
5/31/2011 128.47 117.40 50.94 55.42
6/30/2011 125.42 114.06 49.05 52.96
7/31/2011 122.24 113.11 46.68 50.19
8/31/2011 107.70 94.06 33.44 39.61
9/30/2011 80.05 65.77 20.72 27.55
10/31/2011 101.86 87.73 32.37 40.74
11/30/2011 94.07 75.22 25.94 37.31
12/31/2011 86.93 73.11 24.75 37.23
1/31/2012 103.74 92.74 31.40 44.12
2/29/2012 115.21 104.29 38.94 51.16
3/31/2012 114.49 97.47 38.30 53.10
4/30/2012 112.84 95.11 35.59 51.36
5/31/2012 90.82 73.23 20.02 38.30
6/30/2012 101.50 79.91 28.44 45.34
7/31/2012 102.09 83.42 29.90 47.21
8/31/2012 105.12 82.81 33.38 50.94
9/30/2012 115.67 93.84 37.33 55.09
10/31/2012 117.39 92.66 38.47 54.04
11/30/2012 117.32 95.11 41.82 56.01
12/31/2012 125.16 104.65 46.35 58.95
1/31/2013 131.17 107.47 54.07 67.04
2/28/2013 127.01 104.87 52.61 67.32
3/31/2013 125.23 101.34 53.86 71.24
4/30/2013 127.87 102.85 61.88 76.63
5/31/2013 126.62 97.65 57.97 76.70
6/30/2013 115.92 85.07 52.36 72.35
7/31/2013 123.25 87.00 60.40 81.42
8/31/2013 116.05 83.79 58.28 77.56
9/30/2013 134.80 95.74 69.98 86.44
10/31/2013 143.06 105.25 75.69 93.73
11/30/2013 141.08 102.25 77.04 97.18
12/31/2013 143.07 99.33 79.69 101.35
1/31/2014 123.96 86.38 72.45 93.89
2/28/2014 134.24 92.56 82.04 103.60
3/31/2014 138.62 98.47 80.88 103.89
4/30/2014 138.76 99.13 83.50 105.98
5/31/2014 148.71 106.08 86.48 110.04
6/30/2014 157.07 111.56 88.27 113.79
7/31/2014 156.14 115.65 84.58 110.38
8/31/2014 163.71 120.51 84.30 115.02
9/30/2014 147.71 104.16 77.21 109.18
10/31/2014 152.16 106.57 74.64 110.53
11/30/2014 147.71 104.39 77.01 114.75
12/31/2014 130.87 94.97 70.88 111.29
1/31/2015 127.90 96.13 71.72 107.46
2/28/2015 132.76 102.21 81.98 119.62
3/31/2015 127.63 99.33 79.22 116.18
4/30/2015 137.22 114.66 86.53 121.25
5/31/2015 132.63 106.07 85.58 122.01
6/30/2015 129.25 100.72 80.32 116.85
7/31/2015 118.31 86.80 84.07 120.74
8/31/2015 95.07 69.91 70.53 106.13
9/30/2015 89.33 64.79 61.87 98.53
10/31/2015 106.55 76.55 74.52 114.26
11/30/2015 102.37 69.66 71.80 113.20
12/31/2015 97.95 65.88 69.49 109.45
1/31/2016 86.37 55.12 57.23 96.92
2/29/2016 84.07 54.87 54.35 95.45
3/31/2016 103.77 75.36 64.40 108.72
4/30/2016 103.16 76.31 69.16 112.02
5/31/2016 101.53 69.74 67.62 113.21
6/30/2016 104.98 76.52 61.99 110.82
7/31/2016 111.68 85.40 70.20 119.73
8/31/2016 117.44 90.01 70.32 119.91
9/30/2016 122.71 92.45 72.42 121.08
10/31/2016 122.98 92.91 68.89 116.80
11/30/2016 111.68 84.03 65.53 119.92
12/31/2016 111.02 84.44 71.19 125.18
1/31/2017 121.45 94.53 76.15 130.62
2/28/2017 125.17 100.49 78.67 137.01
3/31/2017 134.10 105.55 83.59 139.54
4/30/2017 140.53 110.05 88.26 143.08
5/31/2017 147.23 116.26 95.17 148.23
6/30/2017 150.01 118.43 94.82 149.18
7/31/2017 163.54 131.45 100.44 155.15
8/31/2017 169.63 136.62 100.37 155.50
9/30/2017 170.31 135.68 105.35 161.24
10/31/2017 177.21 143.94 108.47 166.18
11/30/2017 175.66 144.43 110.66 171.94
12/31/2017 183.76 153.20 114.04 175.62
1/31/2018 206.66 174.31 124.78 190.17
2/28/2018 191.75 161.66 114.63 178.15
3/31/2018 191.82 156.79 110.76 172.09
4/30/2018 188.09 155.65 115.57 175.22
5/31/2018 187.08 146.59 110.73 176.94
6/30/2018 179.69 136.35 108.15 176.81
7/31/2018 181.11 141.54 113.28 185.46
8/31/2018 173.19 135.01 109.16 188.99
9/30/2018 170.00 133.76 110.97 190.60
10/31/2018 144.59 113.41 94.18 169.26
11/30/2018 156.65 122.20 93.94 172.32
12/31/2018 148.59 116.29 84.52 151.61

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 01/21/2019

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

(55.2% of assets as of 12/31/2018)


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 18.6% 30.4% -11.8%
India 11.7% 9.4% 2.3%
Hong Kong 8.3% - -
Russia 6.5% 3.7% 2.8%
France 6.1% - -
Brazil 5.8% 7.5% -1.7%
South Korea 5.8% 13.8% -8.0%
Mexico 5.7% 2.8% 2.9%
Taiwan 5.2% 11.4% -6.2%
Philippines 3.8% 1.1% 2.7%
United Kingdom 3.6% - -
South Africa 2.6% 6.2% -3.7%
United States 1.9% - -
United Arab Emirates 1.5% 0.8% 0.7%
Turkey 1.5% 0.6% 0.9%
Peru 1.3% 0.4% 0.9%
Singapore 1.1% - -
Chile 1.0% 1.1% -0.1%
Indonesia 1.0% 2.3% -1.3%
Cayman Islands 0.9% - -
Developed Markets Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Europe 9.7% - -
Asia Pacific 9.4% - -
Americas 2.8% - -
Emerging Markets Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Asia Pacific 47.1% 73.3% -26.2%
Americas 14.3% 12.2% 2.1%
Europe 8.0% 6.3% 1.7%
Africa 3.0% 6.4% -3.4%
Middle East 1.5% 1.9% -0.4%
Equity Sector Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Financials 24.4% 24.8% -0.4%
Consumer Discretionary 21.1% 10.4% 10.7%
Information Technology 8.6% 14.2% -5.6%
Consumer Staples 8.4% 6.7% 1.6%
Communication Services 7.5% 14.1% -6.6%
Materials 7.1% 7.7% -0.6%
Health Care 6.2% 2.8% 3.4%
Energy 5.4% 8.0% -2.6%
Industrials 5.3% 5.5% -0.3%
Real Estate 1.8% 3.0% -1.2%
Industry Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Banks 10.3% 17.3% -7.0%
Internet & Direct Marketing Retail 8.4% 4.4% 4.0%
Textiles Apparel & Luxury Goods 7.1% 0.7% 6.4%
Interactive Media & Services 6.2% 6.6% -0.4%
Metals & Mining 5.9% 3.5% 2.4%
Oil Gas & Consumable Fuels 5.4% 7.9% -2.5%
Semiconductors & Semiconductor Equipment 5.2% 5.3% -0.1%
Capital Markets 4.9% 1.3% 3.6%
Thrifts & Mortgage Finance 3.8% 1.1% 2.7%
Hotels Restaurants & Leisure 3.5% 0.7% 2.8%
Food & Staples Retailing 2.8% 1.8% 1.0%
Insurance 2.8% 3.7% -0.9%
Industrial Conglomerates 2.7% 1.6% 1.1%
Beverages 2.7% 1.2% 1.5%
Personal Products 2.6% 0.8% 1.8%
Diversified Financial Services 2.2% 1.2% 1.0%
Multiline Retail 2.1% 0.7% 1.4%
Health Care Providers & Services 2.0% 0.5% 1.5%
Pharmaceuticals 1.9% 1.3% 0.5%
Real Estate Management & Development 1.8% 2.7% -0.8%
Asset Allocation Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Equity 95.8% 100.0% -4.2%
Net Cash and Equivalents 4.2% - -
Market Cap Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Large 85.9% 89.7% -3.8%
Mid 6.8% 9.6% -2.8%
Small 0.5% 0.7% -0.2%
Analytics
(As of 12/31/2018)

Morningstar 12/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
708
Category
Diversified Emerging Mkts
Analyst Rating (as of 9/4/18)
Silver
Performance Statistics
3Y
5Y
Alpha
-0.26
-1.08
Beta
0.87
0.90
Information Ratio
-0.31
-0.25
R-Squared
91.60
90.11
Sharpe Ratio
0.55
0.06
Standard Deviation
13.41
14.45
Upside Capture
85.72
86.56
Downside Capture
86.15
91.73
Sortino Ratio
0.88
0.08
Win Ratio
36.00
43.00
Loss Ratio
64.00
57.00
Tracking Error
4.38
4.78
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$77.71 B
$69.80 B
Median Market Cap (weighted)
$34.28 B
$18.97 B
P/E Ratio (LTM)
20.60
12.73
P/E Ratio (NTM)
16.19
10.99
Price/Book
2.74
1.71
Return on Equity
17.94%
17.47%
Turnover Ratio
36%
-
Active Share
80.11%
-
Dividends
  • E
Est. Frequency
Annual
Last Pay Date
12/4/2017
Per Share ($)
$0.0451
Distribution Sources
  • E
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. 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.
  10. C. 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.
     
  11. D. "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.
  12. E. 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 )