EMIYX

Emerging Markets Innovators Fund
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Overview

The Strategy typically invests in smaller and mid-cap emerging and developing market stocks.

Inception Date
June 30, 2014
Investment Style
Emerging Markets Innovators
Fund Index
MSCI Emerging Markets Mid Cap Index
CUSIP
00143W743
NAV
(as of 07/17/2019)
$10.18
Total Assets
(as of 06/30/2019)
$640.43 MM
Gross Expense Ratio
(as of 06/30/2019)
1.46%
Net Expense Ratio
(as of 06/30/2019)
1.45%
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
  • B
as of 06/30/2019
  • B

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
3 mo ytd as of 2019-06-30
1 yr 3 yr 5 yr since inception
Emerging Markets Innovators Fund (NAV)
-0.39% 13.51% -6.99% 6.45% 0.62% 0.62%
MSCI Emerging Markets Mid Cap Index
1.26% 8.45% 0.48% 8.29% 1.19% 1.19%
Cumulative
Annualized
3 mo ytd as of 2019-06-30
1 yr 3 yr 5 yr since inception
Emerging Markets Innovators Fund (NAV)
-0.39% 13.51% -6.99% 6.45% 0.62% 0.62%
MSCI Emerging Markets Mid Cap Index
1.26% 8.45% 0.48% 8.29% 1.19% 1.19%
Gross Expense Ratio: 1.46% | Net Expense Ratio: 1.45%

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 Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index
2015 -5.75% -13.21%
2016 -0.96% 4.84%
2017 40.76% 35.14%
2018 -22.22% -13.12%

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 0.0050
Long Term
Total Amount of Distribution 0.0050
Record Date 12/4/14
Ex Div Date 12/5/14
Pay Date 12/5/14
Portfolio

Top Issuers

(38.1% of assets as of 05/31/2019)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Country Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index
Overweight / Underweight
Taiwan 16.9% 13.1% 3.8%
China 16.2% 13.5% 2.7%
South Korea 11.5% 13.8% -2.3%
India 10.7% 8.3% 2.4%
Brazil 6.6% 13.3% -6.6%
South Africa 4.3% 7.7% -3.5%
Hong Kong 3.7% - -
Argentina 3.4% 1.6% 1.9%
Mexico 2.5% 3.4% -0.9%
Philippines 2.3% 1.6% 0.6%
Indonesia 2.0% 1.9% 0.1%
Malaysia 2.0% 3.1% -1.1%
Thailand 1.5% 3.8% -2.4%
United States 1.3% - -
Egypt 1.0% 0.2% 0.8%
Greece 1.0% 1.8% -0.8%
Colombia 0.9% 0.6% 0.3%
Hungary 0.8% 0.3% 0.4%
Kenya 0.7% - -
Russia 0.7% 2.8% -2.0%
Developed Markets Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index
Overweight / Underweight
Asia Pacific 4.2% - -
Americas 1.3% - -
Europe 0.6% - -
Emerging Markets Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index
Overweight / Underweight
Asia Pacific 63.2% 59.3% 3.8%
Americas 14.1% 20.3% -6.3%
Africa 6.0% 7.9% -2.0%
Europe 3.2% 8.4% -5.3%
Equity Sector Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index
Overweight / Underweight
Consumer Discretionary 21.5% 12.0% 9.4%
Information Technology 19.4% 8.4% 11.0%
Health Care 13.6% 7.8% 5.8%
Financials 12.7% 15.1% -2.4%
Industrials 11.5% 16.4% -5.0%
Consumer Staples 6.6% 10.1% -3.5%
Communication Services 3.2% 3.8% -0.6%
Materials 2.7% 10.8% -8.1%
Real Estate 1.3% 6.4% -5.1%
Industry Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index
Overweight / Underweight
Biotechnology 7.3% 1.3% 6.0%
Semiconductors & Semiconductor Equipment 7.1% 2.8% 4.3%
Banks 6.4% 5.3% 1.1%
Software 5.8% 1.1% 4.7%
Specialty Retail 5.2% 2.3% 2.9%
Hotels Restaurants & Leisure 4.3% 0.5% 3.8%
Food & Staples Retailing 3.8% 4.1% -0.4%
Consumer Finance 3.7% 0.9% 2.8%
Diversified Consumer Services 3.5% 0.7% 2.9%
IT Services 3.3% 0.3% 3.1%
Electronic Equipment Instruments & Components 3.2% 2.3% 1.0%
Auto Components 3.1% 0.7% 2.4%
Life Sciences Tools & Services 3.0% 0.5% 2.5%
Health Care Providers & Services 2.9% 1.2% 1.7%
Textiles Apparel & Luxury Goods 2.9% 2.9% 0.0%
Personal Products 2.7% 0.7% 1.9%
Machinery 2.3% 2.8% -0.5%
Internet & Direct Marketing Retail 2.1% 0.7% 1.5%
Road & Rail 2.0% 2.2% -0.2%
Diversified Financial Services 1.9% 2.0% -0.1%
Asset Allocation Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index
Overweight / Underweight
Equity 92.5% 100.0% -7.5%
Net Cash and Equivalents 7.5% - -
Market Cap Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index
Overweight / Underweight
Mid 51.0% 52.7% -1.7%
Large 32.8% 41.8% -9.0%
Small 8.7% 5.5% 3.1%
Analytics
(As of 06/30/2019)

Morningstar 06/30/2019 (based on risk adjusted performance)
Overall Rating
Number of Funds
712
Category
Diversified Emerging Mkts
Performance Statistics
3Y
5Y
Alpha
-1.33
-0.46
Beta
0.97
0.81
Information Ratio
-0.28
-0.08
R-Squared
79.58
77.36
Sharpe Ratio
0.40
0.05
Standard Deviation
14.49
13.75
Upside Capture
99.34
83.84
Downside Capture
111.37
86.23
Sortino Ratio
0.56
0.07
Win Ratio
42.00
43.00
Loss Ratio
58.00
57.00
Tracking Error
6.58
7.14
Yields
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$4.79 B
$4.31 B
Median Market Cap (weighted)
$3.10 B
$3.80 B
P/E Ratio (LTM)
24.48
15.91
P/E Ratio (NTM)
20.16
12.87
Price/Book
4.28
1.69
Return on Equity
19.86%
14.01%
Turnover Ratio
24%
-
Active Share
93.06%
-
Dividends
Est. Frequency
Annual
Last Pay Date
12/4/2017
Per Share ($)
$0.0429
Distribution Sources
Net Income
0.00%
Net Profit from Sale
0.00%
Other Capital Sources
100.00%
Team
Documents
  1. 1. 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. These risks are magnified in frontier markets. Investing significantly in a particular region, industry, sector or issuer may increase volatility and risk. Small and 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 small-sized or mid-sized company, if any gain is realized at all. Investments in securities of growth companies may be volatile.
  2. 2. 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.
  3. 3. The MSCI Emerging Markets Mid Cap Index is designed to measure equity market performance of mid-capitalization companies in 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.
  4. 4. 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.
  5. 5. 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.
  6. 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>
  7. B. 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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