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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 11/09/2018)
$37.78
Total Assets
(as of 10/31/2018)
$34.90 BN
Gross Expense Ratio
(as of 10/31/2018)
0.87%
Net Expense Ratio
(as of 10/31/2018)
0.87%
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
  • F
as of 09/30/2018
  • F

Sales charges are not applicable to Y & I Share Classes.
Cumulative
Annualized
ytd as of 2018-09-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
-4.36% 0.55% 13.32% 3.54% - 6.40%
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)
-13.30% -11.16% 6.51% 0.82% - 4.80%
MSCI Emerging Markets Index
-15.72% -12.52% 6.52% 0.78% 7.84% -
Gross Expense Ratio: 0.87% | Net Expense Ratio: 0.87%

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%
2017 35.33% 37.28%

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
10/31/2008 0.00 0.00 0.00 0.00
11/30/2008 -10.37 -7.53 -5.41 -6.47
12/31/2008 -5.44 -0.32 0.28 -3.47
1/31/2009 -11.82 -6.75 -9.56 -11.93
2/28/2009 -17.48 -12.01 -18.84 -20.94
3/31/2009 -5.81 0.63 -13.69 -14.98
4/30/2009 10.81 17.38 -2.64 -5.44
5/31/2009 30.67 37.43 8.87 3.12
6/30/2009 30.37 35.58 8.26 2.66
7/31/2009 44.09 50.83 18.14 11.35
8/31/2009 45.23 50.29 24.56 15.95
9/30/2009 57.57 63.93 29.33 20.57
10/31/2009 56.55 64.13 27.71 18.42
11/30/2009 65.88 71.18 30.27 23.26
12/31/2009 72.18 77.94 32.15 25.47
1/31/2010 62.61 68.02 26.33 20.29
2/28/2010 64.67 68.61 25.46 21.98
3/31/2010 77.27 82.22 33.29 29.54
4/30/2010 79.51 84.43 30.88 29.56
5/31/2010 66.25 68.21 15.82 17.15
6/30/2010 66.31 66.97 14.67 13.13
7/31/2010 82.48 80.88 25.54 22.30
8/31/2010 78.96 77.36 21.64 17.74
9/30/2010 100.95 97.07 33.56 28.71
10/31/2010 108.10 102.80 38.39 33.51
11/30/2010 103.31 97.44 31.72 30.63
12/31/2010 119.35 111.53 42.39 40.23
1/31/2011 107.73 105.79 45.75 43.40
2/28/2011 107.43 103.87 50.56 48.42
3/31/2011 117.89 115.86 47.18 46.96
4/30/2011 125.31 122.56 55.98 53.20
5/31/2011 119.35 116.72 51.37 50.03
6/30/2011 116.55 113.38 49.47 47.65
7/31/2011 113.63 112.44 47.10 44.97
8/31/2011 99.76 93.45 33.82 34.76
9/30/2011 73.25 65.25 21.07 23.12
10/31/2011 94.35 87.14 32.74 35.86
11/30/2011 86.99 74.66 26.30 32.54
12/31/2011 80.19 72.56 25.10 32.47
1/31/2012 96.49 92.13 31.78 39.11
2/29/2012 107.69 103.64 39.34 45.91
3/31/2012 107.06 96.84 38.69 47.78
4/30/2012 105.63 94.49 35.97 46.11
5/31/2012 84.49 72.68 20.36 33.49
6/30/2012 94.93 79.34 28.80 40.30
7/31/2012 95.62 82.84 30.26 42.10
8/31/2012 98.67 82.23 33.76 45.70
9/30/2012 108.93 93.23 37.72 49.70
10/31/2012 110.73 92.06 38.86 48.69
11/30/2012 110.80 94.50 42.22 50.60
12/31/2012 118.55 104.01 46.77 53.43
1/31/2013 124.51 106.82 54.51 61.24
2/28/2013 120.56 104.22 53.04 61.51
3/31/2013 118.93 100.70 54.30 65.29
4/30/2013 121.62 102.22 62.34 70.50
5/31/2013 120.62 97.03 58.42 70.56
6/30/2013 110.28 84.48 52.79 66.36
7/31/2013 117.55 86.41 60.85 75.12
8/31/2013 110.66 83.21 58.72 71.39
9/30/2013 129.08 95.12 70.46 79.96
10/31/2013 137.23 104.60 76.19 87.01
11/30/2013 135.47 101.61 77.54 90.33
12/31/2013 137.52 98.70 80.20 94.36
1/31/2014 118.87 85.80 72.94 87.16
2/28/2014 129.05 91.95 82.55 96.53
3/31/2014 133.41 97.84 81.39 96.81
4/30/2014 133.66 98.50 84.01 98.83
5/31/2014 143.53 105.43 87.00 102.74
6/30/2014 151.81 110.89 88.80 106.37
7/31/2014 150.99 114.97 85.10 103.08
8/31/2014 158.52 119.81 84.82 107.55
9/30/2014 142.96 103.52 77.71 101.92
10/31/2014 147.39 105.92 75.13 103.22
11/30/2014 143.15 103.74 77.51 107.30
12/31/2014 126.71 94.35 71.36 103.95
1/31/2015 123.86 95.52 72.20 100.26
2/28/2015 128.71 101.57 82.50 111.99
3/31/2015 123.80 98.70 79.72 108.67
4/30/2015 133.30 113.99 87.06 113.57
5/31/2015 128.91 105.42 86.10 114.30
6/30/2015 125.61 100.08 80.83 109.32
7/31/2015 115.00 86.21 84.58 113.08
8/31/2015 92.18 69.37 71.01 98.98
9/30/2015 86.62 64.28 62.32 91.64
10/31/2015 103.69 75.99 75.01 106.82
11/30/2015 99.61 69.13 72.29 105.79
12/31/2015 95.33 65.36 69.97 102.18
1/31/2016 84.00 54.63 57.68 90.08
2/29/2016 81.78 54.38 54.79 88.67
3/31/2016 101.32 74.81 64.86 101.47
4/30/2016 100.80 75.76 69.63 104.66
5/31/2016 99.24 69.20 68.09 105.81
6/30/2016 102.75 75.96 62.45 103.50
7/31/2016 109.53 84.82 70.68 112.10
8/31/2016 115.33 89.41 70.80 112.28
9/30/2016 120.60 91.85 72.90 113.40
10/31/2016 120.99 92.30 69.37 109.27
11/30/2016 109.85 83.45 65.99 112.28
12/31/2016 109.33 83.86 71.67 117.36
1/31/2017 119.74 93.92 76.65 122.61
2/28/2017 123.47 99.85 79.17 128.78
3/31/2017 132.44 104.90 84.11 131.22
4/30/2017 138.92 109.39 88.79 134.64
5/31/2017 145.73 115.58 95.72 139.61
6/30/2017 148.55 117.75 95.37 140.53
7/31/2017 162.16 130.73 101.01 146.29
8/31/2017 168.32 135.87 100.93 146.63
9/30/2017 169.10 134.93 105.93 152.17
10/31/2017 176.04 143.17 109.06 156.93
11/30/2017 174.67 143.66 111.25 162.50
12/31/2017 182.81 152.40 114.64 166.05
1/31/2018 205.79 173.44 125.41 180.10
2/28/2018 190.97 160.83 115.24 168.50
3/31/2018 191.24 155.98 111.36 162.64
4/30/2018 187.61 154.85 116.18 165.66
5/31/2018 186.76 145.82 111.32 167.33
6/30/2018 179.51 135.60 108.74 167.20
7/31/2018 180.96 140.78 113.88 175.54
8/31/2018 173.19 134.27 109.75 178.95
9/30/2018 170.10 133.03 111.57 180.51
10/31/2018 144.81 112.73 94.73 159.91

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 11/12/2018

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
0.75
0.06
Beta
0.85
0.89
Information Ratio
0.00
0.01
R-Squared
91.45
89.47
Sharpe Ratio
0.47
0.09
Standard Deviation
13.19
14.22
Upside Capture
85.50
87.12
Downside Capture
80.54
86.85
Sortino Ratio
0.75
0.12
Win Ratio
39.00
45.00
Loss Ratio
61.00
55.00
Tracking Error
4.49
4.89
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$80.65 B
$67.00 B
Median Market Cap (weighted)
$32.52 B
$18.99 B
P/E Ratio (LTM)
20.20
13.25
P/E Ratio (NTM)
15.92
10.91
Price/Book
2.81
1.79
Return on Equity
17.77%
17.09%
Turnover Ratio
36%
-
Active Share
79.70%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/4/2017
Per Share ($)
$0.3117
12-Month Distribution ($)
$0.3117
Distribution Sources
  • D
Net Income
87.20%
Net Profit from Sale
0.00%
Other Capital Sources
12.80%
Tools
Morningstar logo 95x28 trans
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. 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. 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.
  10. 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.
  11. 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.
  12. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  13. E. 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.
  14. F. 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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