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ODVIX

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
December 29, 2011
Investment Style
Developing Markets
Fund Index
MSCI Emerging Markets Index
CUSIP
683974604
NAV
  • A
(as of 11/21/2017)
$43.27
Total Assets
(as of 10/31/2017)
$38.30 BN
Gross Expense Ratio
(as of 10/31/2017)
0.88%
Net Expense Ratio
(as of 10/31/2017)
0.88%
Performance
Average Annual Total Returns
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2017
  • H
as of 09/30/2017
  • H

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2017-09-30
  • C
1 yr 3 yr 5 yr since inception
Developing Markets Fund (NAV)
8.32% 28.72% 22.20% 3.66% 5.38% 7.45%
Cumulative
Annualized
3 mo ytd as of 2017-10-31
  • C
1 yr 3 yr 5 yr since inception
Developing Markets Fund (NAV)
5.37% 32.07% 25.16% 3.92% 5.74% 7.81%
Gross Expense Ratio: 0.88% | Net Expense Ratio: 0.88%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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. Class I 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
2012 21.43% 18.22%
2013 8.85% -2.60%
2014 -4.39% -2.19%
2015 -13.67% -14.92%
2016 7.38% 11.19%

The performance data quoted represents past performance, which does not guarantee future results. The investments 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. Class I 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
10/31/2007 0.00 0.00 0.00 0.00
11/30/2007 -7.31 -7.09 -3.29 -4.09
12/31/2007 -5.98 -6.77 -5.47 -5.32
1/31/2008 -14.58 -18.40 -14.20 -12.56
2/29/2008 -11.89 -12.38 -12.97 -13.07
3/31/2008 -15.41 -17.02 -13.88 -13.90
4/30/2008 -8.59 -10.28 -9.21 -9.37
5/31/2008 -6.56 -8.62 -8.33 -7.99
6/30/2008 -16.61 -17.73 -15.82 -15.33
7/31/2008 -17.07 -20.84 -18.53 -17.40
8/31/2008 -20.51 -27.16 -21.83 -18.56
9/30/2008 -32.07 -39.91 -33.13 -28.25
10/31/2008 -48.28 -56.35 -46.62 -41.85
11/30/2008 -53.67 -59.64 -49.51 -45.61
12/31/2008 -51.13 -56.49 -46.47 -43.87
1/31/2009 -54.45 -59.30 -51.73 -48.79
2/28/2009 -57.31 -61.60 -56.68 -54.03
3/31/2009 -51.28 -56.08 -53.93 -50.56
4/30/2009 -42.70 -48.77 -48.03 -45.02
5/31/2009 -32.46 -40.01 -41.89 -40.03
6/30/2009 -32.65 -40.82 -42.22 -40.31
7/31/2009 -25.60 -34.17 -36.94 -35.25
8/31/2009 -25.02 -34.40 -33.51 -32.58
9/30/2009 -18.68 -28.45 -30.97 -29.89
10/31/2009 -19.24 -28.36 -31.83 -31.14
11/30/2009 -14.41 -25.28 -30.47 -28.32
12/31/2009 -11.19 -22.33 -29.46 -27.04
1/31/2010 -16.13 -26.66 -32.57 -30.05
2/28/2010 -15.11 -26.41 -33.03 -29.07
3/31/2010 -8.63 -20.47 -28.85 -24.67
4/30/2010 -7.51 -19.50 -30.14 -24.66
5/31/2010 -14.37 -26.58 -38.18 -31.88
6/30/2010 -14.37 -27.12 -38.80 -34.22
7/31/2010 -6.03 -21.05 -32.99 -28.88
8/31/2010 -7.88 -22.59 -35.07 -31.54
9/30/2010 3.39 -13.98 -28.71 -25.15
10/31/2010 7.06 -11.49 -26.13 -22.36
11/30/2010 4.53 -13.82 -29.69 -24.04
12/31/2010 12.78 -7.67 -24.00 -18.45
1/31/2011 6.78 -10.18 -22.20 -16.61
2/28/2011 6.59 -11.01 -19.64 -13.69
3/31/2011 11.94 -5.78 -21.44 -14.54
4/30/2011 15.71 -2.86 -16.74 -10.91
5/31/2011 12.65 -5.41 -19.20 -12.76
6/30/2011 11.17 -6.86 -20.22 -14.14
7/31/2011 9.62 -7.28 -21.48 -15.70
8/31/2011 2.51 -15.56 -28.57 -21.64
9/30/2011 -11.13 -27.87 -35.38 -28.41
10/31/2011 -0.34 -18.32 -29.15 -21.00
11/30/2011 -4.14 -23.76 -32.59 -22.93
12/31/2011 -7.63 -24.68 -33.23 -22.97
1/31/2012 0.68 -16.14 -29.66 -19.11
2/29/2012 6.38 -11.12 -25.63 -15.16
3/31/2012 6.07 -14.08 -25.97 -14.06
4/30/2012 5.28 -15.11 -27.42 -15.04
5/31/2012 -5.56 -24.63 -35.75 -22.37
6/30/2012 -0.26 -21.72 -31.25 -18.42
7/31/2012 0.08 -20.19 -30.47 -17.37
8/31/2012 1.60 -20.46 -28.60 -15.28
9/30/2012 6.83 -15.66 -26.49 -12.95
10/31/2012 7.71 -16.17 -25.88 -13.54
11/30/2012 7.74 -15.11 -24.09 -12.43
12/31/2012 11.62 -10.96 -21.66 -10.78
1/31/2013 14.66 -9.73 -17.53 -6.24
2/28/2013 12.63 -10.86 -18.31 -6.08
3/31/2013 11.75 -12.40 -17.64 -3.88
4/30/2013 13.11 -11.74 -13.35 -0.86
5/31/2013 12.54 -14.00 -15.44 -0.82
6/30/2013 7.26 -19.48 -18.45 -3.26
7/31/2013 10.93 -18.64 -14.14 1.83
8/31/2013 7.35 -20.03 -15.28 -0.34
9/30/2013 16.71 -14.83 -9.02 4.65
10/31/2013 20.83 -10.70 -5.96 8.74
11/30/2013 19.91 -12.00 -5.24 10.68
12/31/2013 20.95 -13.27 -3.82 13.02
1/31/2014 11.44 -18.91 -7.69 8.83
2/28/2014 16.56 -16.22 -2.56 14.28
3/31/2014 18.78 -13.65 -3.18 14.45
4/30/2014 18.85 -13.36 -1.78 15.62
5/31/2014 23.84 -10.33 -0.19 17.89
6/30/2014 28.04 -7.95 0.78 20.00
7/31/2014 27.60 -6.17 -1.20 18.09
8/31/2014 31.38 -4.06 -1.35 20.69
9/30/2014 23.46 -11.17 -5.14 17.41
10/31/2014 25.69 -10.12 -6.52 18.17
11/30/2014 23.52 -11.07 -5.25 20.54
12/31/2014 15.14 -15.17 -8.53 18.60
1/31/2015 13.68 -14.66 -8.09 16.45
2/28/2015 16.11 -12.02 -2.59 23.27
3/31/2015 13.58 -13.27 -4.07 21.34
4/30/2015 18.38 -6.60 -0.15 24.19
5/31/2015 16.14 -10.34 -0.66 24.62
6/30/2015 14.45 -12.67 -3.48 21.72
7/31/2015 9.04 -18.72 -1.47 23.90
8/31/2015 -2.56 -26.07 -8.72 15.70
9/30/2015 -5.42 -28.30 -13.36 11.44
10/31/2015 3.24 -23.18 -6.58 20.27
11/30/2015 1.17 -26.18 -8.04 19.67
12/31/2015 -1.05 -27.83 -9.28 17.56
1/31/2016 -6.81 -32.51 -15.84 10.53
2/29/2016 -7.95 -32.62 -17.38 9.71
3/31/2016 1.91 -23.70 -12.00 17.15
4/30/2016 1.65 -23.29 -9.46 19.01
5/31/2016 0.83 -26.15 -10.28 19.68
6/30/2016 2.59 -23.20 -13.29 18.33
7/31/2016 5.98 -19.33 -8.90 23.33
8/31/2016 8.87 -17.33 -8.83 23.44
9/30/2016 11.54 -16.26 -7.71 24.09
10/31/2016 11.71 -16.06 -9.60 21.69
11/30/2016 6.07 -19.93 -11.40 23.44
12/31/2016 5.76 -19.75 -8.37 26.39
1/31/2017 11.01 -15.36 -5.71 29.45
2/28/2017 12.87 -12.77 -4.36 33.04
3/31/2017 17.38 -10.57 -1.73 34.45
4/30/2017 20.64 -8.61 0.77 36.44
5/31/2017 24.03 -5.91 4.47 39.33
6/30/2017 25.43 -4.96 4.28 39.87
7/31/2017 32.28 0.71 7.29 43.21
8/31/2017 35.35 2.95 7.25 43.42
9/30/2017 35.71 2.54 9.92 46.63
10/31/2017 39.23 6.14 11.59 49.41

The performance data quoted represents past performance, which does not guarantee future results. The investments 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. Class I 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 11/21/2017

Date 2012 2013 2014 2015 2016
Short Term
Long Term 0.1792 0.5977
Total Amount of Distribution 0.1792 0.5977
Record Date 12/5/13 12/4/14
Ex Div Date 12/6/13 12/5/14
Pay Date 12/9/13 12/5/14

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

Portfolio

Top Issuers

(53.5% of assets as of 10/31/2017)


Portfolio Holdings Breakdown

Country 5
Developed Markets 5
Emerging Markets 5
Equity Sector 5
Industry 5
Asset Allocation 5
Market Cap 6
Country Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
China 24.3% 29.7% -5.4%
India 11.4% 8.7% 2.7%
Russia 6.4% 3.2% 3.1%
Taiwan 6.2% 11.8% -5.7%
South Korea 6.1% 15.7% -9.6%
Hong Kong 5.8% - -
Brazil 4.7% 7.1% -2.3%
Mexico 4.7% 3.1% 1.6%
United Kingdom 4.7% - -
France 4.3% - -
Philippines 3.6% 1.1% 2.5%
South Africa 2.9% 6.3% -3.4%
Indonesia 2.3% 2.2% 0.2%
United Arab Emirates 1.9% 0.7% 1.2%
Malaysia 1.2% 2.2% -1.0%
Turkey 1.0% 1.1% 0.0%
Colombia 1.0% 0.4% 0.6%
Peru 0.7% 0.4% 0.3%
Nigeria 0.5% - -
Egypt 0.4% 0.1% 0.3%
Developed Markets Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Europe 9.5% - -
Asia Pacific 5.8% - -
Emerging Markets Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Asia Pacific 55.2% 73.7% -18.4%
Americas 11.3% 12.2% -1.0%
Europe 7.5% 6.4% 1.1%
Africa 3.8% 6.4% -2.6%
Middle East 1.9% 1.2% 0.6%
Equity Sector Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Information Technology 22.3% 28.5% -6.2%
Financials 19.0% 23.0% -4.0%
Consumer Discretionary 16.7% 10.2% 6.4%
Consumer Staples 12.1% 6.3% 5.8%
Health Care 7.8% 2.3% 5.4%
Materials 6.1% 7.1% -1.0%
Industrials 5.4% 5.4% 0.0%
Energy 2.4% 6.9% -4.5%
Real Estate 2.2% 2.8% -0.6%
Telecommunication Services 1.0% 4.9% -3.9%
Industry Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Internet Software & Services 14.1% 11.7% 2.4%
Banks 6.5% 15.9% -9.5%
Semiconductors & Semiconductor Equipment 6.2% 5.8% 0.4%
Textiles Apparel & Luxury Goods 5.4% 0.5% 4.8%
Metals & Mining 4.8% 3.2% 1.6%
Thrifts & Mortgage Finance 4.3% 0.9% 3.4%
Food & Staples Retailing 3.8% 1.6% 2.2%
Personal Products 3.8% 0.8% 3.0%
Beverages 3.5% 1.3% 2.2%
Hotels Restaurants & Leisure 3.5% 0.7% 2.8%
Capital Markets 3.2% 1.3% 2.0%
Insurance 3.1% 3.5% -0.5%
Health Care Providers & Services 3.0% 0.5% 2.6%
Pharmaceuticals 2.9% 1.4% 1.5%
Industrial Conglomerates 2.8% 1.8% 1.0%
Oil Gas & Consumable Fuels 2.4% 6.8% -4.4%
Real Estate Management & Development 2.2% 2.4% -0.2%
IT Services 2.0% 1.5% 0.5%
Internet & Direct Marketing Retail 1.9% 0.9% 1.0%
Transportation Infrastructure 1.9% 1.0% 0.8%
Asset Allocation Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Equity 95.0% 100.0% -5.0%
Net Cash and Equivalents 5.0% - -
Market Cap Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Large 87.9% 92.1% -4.3%
Mid 6.8% 7.6% -0.8%
Analytics
(As of 10/31/2017)

Morningstar 10/31/2017 (based on risk adjusted performance)
Overall Rating
Number of Funds
637
Category
Diversified Emerging Mkts
Analyst Rating (as of 9/26/17)
Silver
Performance Statistics
3Y
5Y
Alpha
-1.06
1.36
Beta
0.87
0.89
Information Ratio
-0.35
0.18
R-Squared
89.79
87.95
Sharpe Ratio
0.31
0.46
Standard Deviation
14.58
13.79
Upside Capture
84.92
93.11
Downside Capture
90.02
86.65
Sortino Ratio
0.14
0.20
Win Ratio
44.00
52.00
Loss Ratio
56.00
48.00
Tracking Error
5.06
5.02
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/2/2016
Per Share ($)
$0.23
Net Income
96.20%
Net Profit from Sale
0.00%
Other Capital Sources
3.80%
12-Month Distribution ($)
$0.23
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$96.00 B
$88.10 B
Median Market Cap (weighted)
$26.30 B
$21.80 B
P/E Ratio (LTM)
22.88
15.95
P/E Ratio (NTM)
19.46
12.79
Price/Book
3.38
1.99
Return on Equity
18.08%
15.20%
Turnover Ratio
33.00%
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Insights
Emerging Markets Equity
Artificial Intelligence: Rethinking the Future

Investments in artificial intelligence may yield results for many sectors.

June 27, 2017
Bw emerging markets justin leverenz 620x349
Markets & Economy
10 Things to Know About Emerging Market Stocks

We believe there are 10 factors warranting the rotation toward emerging market equities.

June 15, 2017
Bw 10 things to know about emerging market stocks 620x349
Emerging Markets Equity
Emerging Market Fundamentals Are Strengthening

A nascent recovery and strengthening EM stock fundamentals are creating attractive opportunities.

November 08, 2017
Bw emerging market fundamentals are strengthening 620x349
Emerging Markets Equity
Investing in South Africa: The Relevance of Analogues

While South African stocks have rallied, economic and political reforms are still needed.

April 26, 2017
Bw south africa 620x349
Press Releases
OppenheimerFunds Receives 21 Lipper Fund Awards

OppenheimerFunds announced that 21 of its funds earned 2017 Lipper Fund Awards, in four asset classes.

March 27, 2017
Emerging Markets Equity
The Evolution of the Developing Markets Team

We've taken steps to build a world-class research team and enhance our investment capabilities.

February 23, 2017
Emerging Markets Equity
Innovation Opens Investment Opportunities

Investments in innovation focus on long-term opportunities rather than short-term trends.

Emerging Markets Equity
Despite Short-Term Challenges, Great Companies Matter

We believe that certain emerging market equities possess significant growth potential.

November 10, 2017
Bw emerging markets exceptional companies matter 620x349
Emerging Markets Equity
Oppenheimer Developing Markets Fund Celebrates 20 Years

We review the Fund’s stellar 20-year track record.

November 10, 2017
Bw developing markets fund 20 years 620x349
Markets & Economy
Which Global Markets Are Expected to Rise or Fall?

Explore the big macro stories and key economic data that will impact asset classes and investment plans this year.

Bw 2017 mid year outlook 620x349
Documents
  1. 1. As of 4/12/13, the purchase and exchange of Fund shares is restricted, subject to certain exceptions. Please see the prospectus for further information.
  2. 2. Special Risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Emerging and developing market investments may be especially volatile. Eurozone investments may be subject to volatility and liquidity issues. Investments in securities of growth companies may be volatile. Mid-sized company stock is typically more volatile than that of larger company stock. It may take a substantial period of time to realize a gain on an investment in a mid-sized company, if any gain is realized at all. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk.
  3. 3. The net expense ratio (where applicable) also takes into account contractual fee waivers and/or expense reimbursements without which performance would have been less. These undertakings may not be amended or withdrawn for one year from the date of the current prospectus, unless approved by the Board.
  4. 4. Access index definitions.
  5. 5. Holdings are subject to change, and are dollar weighted based on total net assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the fund's net asset value and fluctuations of dividends and distributions paid by the fund.
  6. 6. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund’s prospectus.
  7. 7. The Morningstar Analyst Rating is not a credit or risk rating but a subjective evaluation performed by the analysts of Morningstar, Inc. (Mstar). Mstar evaluates funds based on five key pillars (process, performance, people, parent and price). Mstar's analysts use this evaluation to identify funds they believe are more likely to outperform over the long term on a risk-adjusted basis. Analysts consider quantitative and qualitative factors and the weightings of each pillar may vary. The Analyst Rating reflects overall assessment and is overseen by Morningstar's Analyst Rating Committee. The analyst rating scale is five-tiered, with three positive ratings (Gold, Silver, Bronze), a Neutral rating and a Negative rating, with Gold being the highest rating and Negative being the lowest rating. The Mstar Analyst Ratings should not be used as the sole basis in evaluating a mutual fund and are based on Mstar's current expectations about future events. Mstar does not represent ratings as a guarantee. Analyst Ratings involve unknown risks and uncertainties which may cause Mstar's expectations not to occur or to differ significantly.
  8. 8. Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $1 million or more and to retirement plan service provider platforms. The minimum account balance for class I shares is $2.5 million. Class I shares are sold at net asset value without a sales charge. Please see Fund prospectuses for additional information.
  9. 9. For Share Classes with less than a one-year track record, expense ratios are estimated based on the Manager's projections of those expenses for the coming fiscal year.
  10. A. Daily net asset value and dollar change of the fund is as of the previous business day's closing. Fund net asset values are updated at approximately 7:00pm ET daily.
  11. B. The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratios may be lower or higher than the data quoted. Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum sales charge where indicated. Returns do not consider capital gains or income taxes on an individual's investment.
  12. C. "Year to Date" returns are cumulative, not annualized, and do not reflect sales charges (if sales charges are applicable to the Fund). These returns would be lower if sales charges were taken into consideration. Short-term returns may not be indicative of longer-term performance, which should also be considered when making investment decisions.
  13. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  14. E. Class B shares convert to Class A shares 72 months after purchase; therefore "since inception", "10-year" and "15-year" returns for Class B (if applicable) use Class A performance for period after conversion.
  15. F. 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 contingent deferred sales charges (CDSC) for years 1-6 of 5%, 4%, 3%, 3%, 2% and 1%, respectively, where with sales charge is indicated. Class B 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.
  16. G. 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.
  17. H. The performance data quoted represents past performance, which does not guarantee future results. The investments 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. Class I shares are not subject to a sales charge. Returns do not consider capital gains or income taxes on an individual's investment.
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