ODVYX

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.

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Overview

The Strategy typically invests in emerging and developing market stocks.

Inception Date
September 7, 2005
Investment Style
Developing Markets
Fund Index
MSCI Emerging Markets Index
CUSIP
00143W875
NAV
(as of 07/17/2019)
$43.61
Total Assets
(as of 06/30/2019)
$42.25 BN
Gross Expense Ratio
(as of 06/30/2019)
1.01%
Net Expense Ratio
(as of 06/30/2019)
1.01%
Other Investment Options

For a suite of investment vehicles beyond mutual funds, please visit OFIglobal.com. OFI Global Asset Management™, an OppenheimerFunds company, delivers the firm’s investment expertise and solutions to institutional and high-net worth investors.

Performance
Average Annual Total Returns
Calendar Year Returns
Capital Gains Distributions
as of 06/30/2019
  • C
as of 06/30/2019
  • C

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
15.56% 2.96% 12.38% 2.71% 8.24% 8.71%
MSCI Emerging Markets Index
10.58% 1.21% 10.66% 2.49% 5.81% -
Cumulative
Annualized
ytd as of 2019-06-30
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
15.56% 2.96% 12.38% 2.71% 8.24% 8.71%
MSCI Emerging Markets Index
10.58% 1.21% 10.66% 2.49% 5.81% -
Gross Expense Ratio: 1.01% | Net Expense Ratio: 1.01%

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 Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.


Year Developing Markets Fund MSCI Emerging Markets Index
2006 25.69% 32.17%
2007 34.30% 39.53%
2008 -47.84% -53.33%
2009 82.10% 78.51%
2010 27.39% 18.88%
2011 -17.85% -18.42%
2012 21.29% 18.22%
2013 8.68% -2.60%
2014 -4.55% -2.19%
2015 -13.84% -14.92%
2016 7.16% 11.19%
2017 35.10% 37.28%
2018 -11.95% -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 Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.

$ per share as of 07/17/2019

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
Portfolio

Top Issuers

(57.3% of assets as of 05/31/2019)


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 25.7% 31.1% -5.4%
India 11.7% 9.5% 2.2%
Russia 7.9% 4.0% 3.9%
Hong Kong 6.7% - -
Mexico 6.6% 2.6% 4.0%
Brazil 6.0% 7.6% -1.6%
France 5.8% - -
Taiwan 4.0% 11.0% -7.0%
Philippines 3.3% 1.2% 2.2%
South Korea 3.1% 12.1% -8.9%
United Kingdom 2.9% - -
South Africa 2.4% 5.9% -3.5%
Singapore 1.7% - -
Peru 1.6% 0.4% 1.2%
Turkey 1.4% 0.5% 0.9%
Chile 1.3% 0.9% 0.4%
United States 1.3% - -
Indonesia 1.2% 2.1% -0.9%
United Arab Emirates 0.6% 0.7% -0.1%
Italy 0.5% - -
Developed Markets Developing Markets Fund MSCI Emerging Markets Index
Overweight / Underweight
Europe 9.2% - -
Asia Pacific 8.4% - -
Americas 1.3% - -
Emerging Markets Developing Markets Fund MSCI Emerging Markets Index
Overweight / Underweight
Asia Pacific 49.8% 72.1% -22.3%
Americas 15.9% 12.2% 3.7%
Europe 9.2% 6.4% 2.8%
Africa 2.9% 6.1% -3.1%
Middle East 0.6% 3.2% -2.6%
Equity Sector Developing Markets Fund MSCI Emerging Markets Index
Overweight / Underweight
Financials 26.0% 25.5% 0.5%
Consumer Discretionary 23.7% 13.0% 10.7%
Consumer Staples 8.3% 6.7% 1.6%
Information Technology 7.9% 13.7% -5.7%
Health Care 7.0% 2.7% 4.2%
Materials 6.9% 7.6% -0.6%
Energy 5.9% 8.1% -2.2%
Communication Services 5.1% 11.6% -6.5%
Industrials 4.4% 5.4% -1.0%
Real Estate 2.1% 3.0% -0.9%
Industry Developing Markets Fund MSCI Emerging Markets Index
Overweight / Underweight
Banks 10.3% 17.8% -7.6%
Internet & Direct Marketing Retail 9.8% 7.0% 2.8%
Textiles Apparel & Luxury Goods 7.1% 0.8% 6.3%
Oil Gas & Consumable Fuels 5.9% 8.0% -2.2%
Metals & Mining 5.8% 3.3% 2.5%
Capital Markets 5.3% 1.4% 3.9%
Hotels Restaurants & Leisure 4.5% 0.7% 3.8%
Insurance 4.2% 4.0% 0.2%
Interactive Media & Services 4.1% 6.0% -1.9%
Semiconductors & Semiconductor Equipment 4.0% 5.1% -1.1%
Thrifts & Mortgage Finance 4.0% 1.1% 2.9%
Pharmaceuticals 3.8% 1.2% 2.6%
Beverages 3.0% 1.3% 1.7%
Food & Staples Retailing 2.9% 1.8% 1.1%
Industrial Conglomerates 2.5% 1.3% 1.1%
Multiline Retail 2.3% 0.6% 1.7%
Real Estate Management & Development 2.1% 2.7% -0.6%
Personal Products 2.1% 0.7% 1.5%
Diversified Financial Services 1.8% 1.0% 0.9%
IT Services 1.6% 1.8% -0.2%
Asset Allocation Developing Markets Fund MSCI Emerging Markets Index
Overweight / Underweight
Equity 97.4% 100.0% -2.6%
Net Cash and Equivalents 2.6% - -
Market Cap Developing Markets Fund MSCI Emerging Markets Index
Overweight / Underweight
Large 87.7% 88.1% -0.4%
Mid 6.5% 11.2% -4.6%
Small 0.3% 0.8% -0.4%
Analytics
(As of 06/30/2019)

Morningstar 06/30/2019 (based on risk adjusted performance)
  • B
Overall Rating
Number of Funds
712
Category
Diversified Emerging Mkts
Performance Statistics
3Y
5Y
Alpha
2.19
0.37
Beta
0.93
0.89
Information Ratio
0.47
0.05
R-Squared
93.00
90.80
Sharpe Ratio
0.83
0.19
Standard Deviation
13.35
14.79
Upside Capture
98.94
90.14
Downside Capture
87.54
88.25
Sortino Ratio
1.32
0.29
Win Ratio
44.00
47.00
Loss Ratio
56.00
53.00
Tracking Error
3.68
4.79
Yields
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$93.91 B
$81.46 B
Median Market Cap (weighted)
$42.50 B
$21.44 B
P/E Ratio (LTM)
23.86
14.31
P/E Ratio (NTM)
18.11
12.49
Price/Book
3.18
1.81
Return on Equity
17.20%
16.43%
Turnover Ratio
36%
-
Active Share
80.67%
-
Dividends
Est. Frequency
Annual
Last Pay Date
12/3/2018
Per Share ($)
$0.2323
12-Month Distribution ($)
$0.2323
Distribution Sources
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
Team
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. Fund performance reflects fee waivers, absent which, performance data quoted would have been lower. Total annual fund operating expenses after any contractual fee waivers and/or expense reimbursements by the adviser in effect through May 28, 2021. See current prospectus for more information.
  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. 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>
  8. 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. Invesco Oppenheimer Developing Markets Fund was rated against the following numbers of Diversified Emerging Mkts funds over the following time periods: the fund was rated 5 stars among 712 funds in the last three years, 4 stars among 560 in the last five years, and 5 stars among 240 in the last ten years. <strong>Past performance does not guarantee future results.</strong>
  9. 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 Y shares are not subject to a sales charge.  Returns do not consider capital gains or income taxes on an individual's investment.

    As the result of a reorganization on May 24, 2019, the returns of the fund for periods on or prior to May 24, 2019 reflect performance of the Oppenheimer predecessor fund. Share class returns will differ from the predecessor fund due to a change in expenses and sales charges.
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