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ODMAX

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
November 18, 1996
Investment Style
Developing Markets
Fund Index
MSCI Emerging Markets Index
CUSIP
683974109
NAV
  • A
(as of 11/16/2018)
$39.06
Total Assets
(as of 10/31/2018)
$34.90 BN
Gross Expense Ratio
(as of 10/31/2018)
1.29%
Net Expense Ratio
(as of 10/31/2018)
1.29%
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
Cumulative Returns
Calendar Year Returns
Capital Gains Distributions
as of 10/31/2018
  • B
as of 09/30/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
-4.66% 0.14% 12.84% 3.09% 7.18% 11.70%
MSCI Emerging Markets Index
-7.68% -0.81% 12.36% 3.61% 5.40% -
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (with sales charge)
-10.14% -5.62% 10.63% 1.88% 6.55% 11.40%
MSCI Emerging Markets Index
-7.68% -0.81% 12.36% 3.61% 5.40% -
Cumulative
Annualized
ytd as of 2018-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
-13.59% -11.54% 6.06% 0.39% 9.06% 11.15%
MSCI Emerging Markets Index
-15.72% -12.52% 6.52% 0.78% 7.84% -
Cumulative
Annualized
ytd as of 2018-10-31
  • C
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (with sales charge)
-18.56% -16.62% 3.99% -0.80% 8.42% 10.86%
MSCI Emerging Markets Index
-15.72% -12.52% 6.52% 0.78% 7.84% -
Gross Expense Ratio: 1.29% | Net Expense Ratio: 1.29%

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.


Year Developing Markets Fund MSCI Emerging Markets Index
1997 14.09% -
1998 -19.36% -
1999 82.30% -
2000 -5.26% -
2001 -5.73% -2.62%
2002 -1.60% -6.17%
2003 65.23% 55.82%
2004 33.00% 25.55%
2005 41.23% 34.00%
2006 25.18% 32.17%
2007 33.86% 39.53%
2008 -48.03% -53.33%
2009 81.73% 78.51%
2010 26.99% 18.88%
2011 -18.10% -18.42%
2012 20.85% 18.22%
2013 8.36% -2.60%
2014 -4.81% -2.19%
2015 -14.06% -14.92%
2016 6.89% 11.19%
2017 34.77% 37.28%

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.


Date Developing Markets Fund MSCI Emerging Markets Index MSCI EAFE MSCI World
10/31/2008 0.00 0.00 0.00 0.00
11/30/2008 -10.43 -7.53 -5.41 -6.47
12/31/2008 -5.51 -0.32 0.28 -3.47
1/31/2009 -11.93 -6.75 -9.56 -11.93
2/28/2009 -17.46 -12.01 -18.84 -20.94
3/31/2009 -5.80 0.63 -13.69 -14.98
4/30/2009 10.79 17.38 -2.64 -5.44
5/31/2009 30.59 37.43 8.87 3.12
6/30/2009 30.23 35.58 8.26 2.66
7/31/2009 43.85 50.83 18.14 11.35
8/31/2009 44.98 50.29 24.56 15.95
9/30/2009 57.23 63.93 29.33 20.57
10/31/2009 56.16 64.13 27.71 18.42
11/30/2009 65.50 71.18 30.27 23.26
12/31/2009 71.73 77.94 32.15 25.47
1/31/2010 62.17 68.02 26.33 20.29
2/28/2010 64.14 68.61 25.46 21.98
3/31/2010 76.68 82.22 33.29 29.54
4/30/2010 78.83 84.43 30.88 29.56
5/31/2010 65.57 68.21 15.82 17.15
6/30/2010 65.57 66.97 14.67 13.13
7/31/2010 81.70 80.88 25.54 22.30
8/31/2010 78.11 77.36 21.64 17.74
9/30/2010 99.91 97.07 33.56 28.71
10/31/2010 107.01 102.80 38.39 33.51
11/30/2010 102.12 97.44 31.72 30.63
12/31/2010 118.06 111.53 42.39 40.23
1/31/2011 106.46 105.79 45.75 43.40
2/28/2011 106.10 103.87 50.56 48.42
3/31/2011 116.45 115.86 47.18 46.96
4/30/2011 123.74 122.56 55.98 53.20
5/31/2011 117.82 116.72 51.37 50.03
6/30/2011 114.95 113.38 49.47 47.65
7/31/2011 111.96 112.44 47.10 44.97
8/31/2011 98.21 93.45 33.82 34.76
9/30/2011 71.84 65.25 21.07 23.12
10/31/2011 92.71 87.14 32.74 35.86
11/30/2011 85.36 74.66 26.30 32.54
12/31/2011 78.60 72.56 25.10 32.47
1/31/2012 94.68 92.13 31.78 39.11
2/29/2012 105.70 103.64 39.34 45.91
3/31/2012 105.09 96.84 38.69 47.78
4/30/2012 103.57 94.49 35.97 46.11
5/31/2012 82.62 72.68 20.36 33.49
6/30/2012 92.85 79.34 28.80 40.30
7/31/2012 93.52 82.84 30.26 42.10
8/31/2012 96.44 82.23 33.76 45.70
9/30/2012 106.56 93.23 37.72 49.70
10/31/2012 108.26 92.06 38.86 48.69
11/30/2012 108.32 94.50 42.22 50.60
12/31/2012 115.83 104.01 46.77 53.43
1/31/2013 121.70 106.82 54.51 61.24
2/28/2013 117.79 104.22 53.04 61.51
3/31/2013 116.08 100.70 54.30 65.29
4/30/2013 118.71 102.22 62.34 70.50
5/31/2013 117.61 97.03 58.42 70.56
6/30/2013 107.39 84.48 52.79 66.36
7/31/2013 114.49 86.41 60.85 75.12
8/31/2013 107.58 83.21 58.72 71.39
9/30/2013 125.68 95.12 70.46 79.96
10/31/2013 133.63 104.60 76.19 87.01
11/30/2013 131.86 101.61 77.54 90.33
12/31/2013 133.86 98.70 80.20 94.36
1/31/2014 115.47 85.80 72.94 87.16
2/28/2014 125.38 91.95 82.55 96.53
3/31/2014 129.68 97.84 81.39 96.81
4/30/2014 129.80 98.50 84.01 98.83
5/31/2014 139.46 105.43 87.00 102.74
6/30/2014 147.58 110.89 88.80 106.37
7/31/2014 146.72 114.97 85.10 103.08
8/31/2014 154.04 119.81 84.82 107.55
9/30/2014 138.72 103.52 77.71 101.92
10/31/2014 143.03 105.92 75.13 103.22
11/30/2014 138.85 103.74 77.51 107.30
12/31/2014 122.63 94.35 71.36 103.95
1/31/2015 119.81 95.52 72.20 100.26
2/28/2015 124.51 101.57 82.50 111.99
3/31/2015 119.62 98.70 79.72 108.67
4/30/2015 128.89 113.99 87.06 113.57
5/31/2015 124.57 105.42 86.10 114.30
6/30/2015 121.31 100.08 80.83 109.32
7/31/2015 110.84 86.21 84.58 113.08
8/31/2015 88.40 69.37 71.01 98.98
9/30/2015 82.89 64.28 62.32 91.64
10/31/2015 99.62 75.99 75.01 106.82
11/30/2015 95.61 69.13 72.29 105.79
12/31/2015 91.32 65.36 69.97 102.18
1/31/2016 80.18 54.63 57.68 90.08
2/29/2016 77.98 54.38 54.79 88.67
3/31/2016 97.05 74.81 64.86 101.47
4/30/2016 96.55 75.76 69.63 104.66
5/31/2016 94.97 69.20 68.09 105.81
6/30/2016 98.37 75.96 62.45 103.50
7/31/2016 104.92 84.82 70.68 112.10
8/31/2016 110.52 89.41 70.80 112.28
9/30/2016 115.68 91.85 72.90 113.40
10/31/2016 115.99 92.30 69.37 109.27
11/30/2016 105.10 83.45 65.99 112.28
12/31/2016 104.50 83.86 71.67 117.36
1/31/2017 114.66 93.92 76.65 122.61
2/28/2017 118.25 99.85 79.17 128.78
3/31/2017 126.96 104.90 84.11 131.22
4/30/2017 133.27 109.39 88.79 134.64
5/31/2017 139.83 115.58 95.72 139.61
6/30/2017 142.54 117.75 95.37 140.53
7/31/2017 155.78 130.73 101.01 146.29
8/31/2017 161.71 135.87 100.93 146.63
9/30/2017 162.41 134.93 105.93 152.17
10/31/2017 169.22 143.17 109.06 156.93
11/30/2017 167.77 143.66 111.25 162.50
12/31/2017 175.61 152.40 114.64 166.05
1/31/2018 198.01 173.44 125.41 180.10
2/28/2018 183.52 160.83 115.24 168.50
3/31/2018 183.71 155.98 111.36 162.64
4/30/2018 180.10 154.85 116.18 165.66
5/31/2018 179.22 145.82 111.32 167.33
6/30/2018 172.07 135.60 108.74 167.20
7/31/2018 173.46 140.78 113.88 175.54
8/31/2018 165.87 134.27 109.75 178.95
9/30/2018 162.77 133.03 111.57 180.51
10/31/2018 138.15 112.73 94.73 159.91

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.

$ per share as of 11/17/2018

Date 2013 2014 2015 2016 2017
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

(56.2% of assets as of 10/31/2018)


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 20.0% 30.0% -10.1%
India 10.3% 8.7% 1.6%
Hong Kong 7.7% - -
Russia 6.5% 3.9% 2.5%
Brazil 6.3% 8.0% -1.7%
France 6.0% - -
South Korea 5.9% 14.0% -8.1%
Taiwan 5.4% 11.8% -6.4%
Mexico 5.1% 2.9% 2.2%
United Kingdom 4.7% - -
Philippines 3.8% 1.0% 2.8%
South Africa 2.5% 5.9% -3.5%
United States 2.0% - -
United Arab Emirates 1.6% 0.7% 0.9%
Peru 1.4% 0.4% 0.9%
Singapore 1.2% - -
Indonesia 0.9% 2.1% -1.2%
Chile 0.8% 1.1% -0.3%
Turkey 0.8% 0.7% 0.2%
Colombia 0.7% 0.4% 0.2%
Developed Markets Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Europe 10.7% - -
Asia Pacific 8.8% - -
Americas 2.6% - -
Emerging Markets Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Asia Pacific 47.2% 72.7% -25.5%
Americas 14.2% 12.8% 1.4%
Europe 7.3% 6.6% 0.7%
Africa 2.9% 6.1% -3.1%
Middle East 1.6% 1.8% -0.2%
Equity Sector Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Financials 22.8% 24.5% -1.7%
Consumer Discretionary 21.2% 10.2% 11.0%
Information Technology 9.4% 15.1% -5.8%
Communication Services 7.9% 13.4% -5.6%
Materials 7.5% 7.8% -0.3%
Health Care 7.0% 2.9% 4.1%
Consumer Staples 7.0% 6.5% 0.5%
Energy 5.5% 8.7% -3.2%
Industrials 5.4% 5.4% 0.0%
Real Estate 1.9% 2.8% -0.9%
Industry Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Banks 9.2% 17.1% -7.9%
Internet & Direct Marketing Retail 8.2% 4.2% 4.0%
Textiles Apparel & Luxury Goods 7.1% 0.7% 6.5%
Interactive Media & Services 6.6% 6.1% 0.4%
Metals & Mining 6.5% 3.6% 2.9%
Oil Gas & Consumable Fuels 5.5% 8.6% -3.1%
Semiconductors & Semiconductor Equipment 5.4% 5.6% -0.1%
Capital Markets 5.1% 1.3% 3.9%
Thrifts & Mortgage Finance 3.2% 0.9% 2.3%
Hotels Restaurants & Leisure 3.2% 0.8% 2.5%
Health Care Providers & Services 2.7% 0.5% 2.2%
Insurance 2.7% 3.8% -1.2%
Beverages 2.7% 1.2% 1.5%
Industrial Conglomerates 2.6% 1.6% 1.0%
Pharmaceuticals 2.2% 1.4% 0.7%
Diversified Financial Services 2.2% 1.2% 1.0%
Food & Staples Retailing 2.1% 1.8% 0.3%
Personal Products 2.0% 0.7% 1.4%
Multiline Retail 2.0% 0.7% 1.4%
Real Estate Management & Development 1.9% 2.5% -0.5%
Asset Allocation Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Equity 95.5% 100.0% -4.5%
Net Cash and Equivalents 4.5% - -
Market Cap Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Large 85.7% 87.7% -1.9%
Mid 6.5% 11.1% -4.6%
Small 0.4% 1.2% -0.8%
Analytics
(As of 10/31/2018)

Morningstar 10/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
710
Category
Diversified Emerging Mkts
Analyst Rating (as of 9/4/18)
Silver
Performance Statistics
3Y
5Y
Alpha
0.32
-0.37
Beta
0.85
0.89
Information Ratio
-0.10
-0.08
R-Squared
91.45
89.43
Sharpe Ratio
0.44
0.06
Standard Deviation
13.19
14.23
Upside Capture
84.42
85.96
Downside Capture
81.63
87.78
Sortino Ratio
0.69
0.08
Win Ratio
39.00
45.00
Loss Ratio
61.00
55.00
Tracking Error
4.49
4.90
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$80.65 B
$67.00 B
Median Market Cap (weighted)
$32.52 B
$18.99 B
P/E Ratio (LTM)
20.20
13.25
P/E Ratio (NTM)
15.92
10.91
Price/Book
2.81
1.79
Return on Equity
17.77%
17.09%
Turnover Ratio
36%
-
Active Share
79.70%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/4/2017
Per Share ($)
$0.1292
12-Month Distribution ($)
$0.1292
Distribution Sources
  • D
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. 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.
  9. 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.
  10. 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.
  11. D. There is no guarantee of the payment of any dividend or other distributions at any level.
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