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ODMAX

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
November 18, 1996
Investment Style
Developing Markets
Fund Index
MSCI Emerging Markets Index
CUSIP
683974109
NAV
  • A
(as of 12/17/2018)
$37.97
Total Assets
(as of 11/30/2018)
$36.75 BN
Gross Expense Ratio
(as of 11/30/2018)
1.29%
Net Expense Ratio
(as of 11/30/2018)
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 11/30/2018
  • E
as of 09/30/2018
  • E

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • E
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 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (NAV)
-9.32% -6.67% 8.51% 1.51% 10.80% 11.36%
MSCI Emerging Markets Index
-12.24% -9.09% 9.41% 1.90% 9.13% -
Cumulative
Annualized
ytd as of 2018-11-30
  • C
1 yr 3 yr 5 yr 10 yr since inception
Developing Markets Fund (with sales charge)
-14.53% -12.03% 6.39% 0.32% 10.15% 11.06%
MSCI Emerging Markets Index
-12.24% -9.09% 9.41% 1.90% 9.13% -
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
11/30/2008 0.00 0.00 0.00 0.00
12/31/2008 5.49 7.80 6.01 3.21
1/31/2009 -1.62 0.84 -4.39 -5.83
2/28/2009 -7.94 -4.85 -14.20 -15.47
3/31/2009 5.09 8.82 -8.76 -9.10
4/30/2009 23.63 26.93 2.92 1.10
5/31/2009 45.79 48.62 15.10 10.26
6/30/2009 45.45 46.62 14.44 9.76
7/31/2009 60.76 63.11 24.89 19.06
8/31/2009 62.04 62.52 31.68 23.97
9/30/2009 75.80 77.27 36.72 28.91
10/31/2009 74.66 77.49 35.01 26.62
11/30/2009 85.07 85.12 37.72 31.79
12/31/2009 92.10 92.43 39.70 34.16
1/31/2010 81.43 81.70 33.54 28.61
2/28/2010 83.72 82.34 32.63 30.43
3/31/2010 97.78 97.06 40.91 38.50
4/30/2010 100.28 99.44 38.36 38.52
5/31/2010 85.48 81.90 22.44 25.25
6/30/2010 85.55 80.56 21.22 20.96
7/31/2010 103.59 95.60 32.71 30.77
8/31/2010 99.67 91.80 28.59 25.88
9/30/2010 124.20 113.12 41.19 37.62
10/31/2010 132.17 119.30 46.29 42.75
11/30/2010 126.83 113.52 39.25 39.67
12/31/2010 144.72 128.75 50.53 49.94
1/31/2011 131.76 122.55 54.08 53.33
2/28/2011 131.42 120.47 59.16 58.70
3/31/2011 143.09 133.43 55.59 57.13
4/30/2011 151.37 140.67 64.89 63.81
5/31/2011 144.72 134.36 60.02 60.41
6/30/2011 141.60 130.76 58.02 57.87
7/31/2011 138.34 129.73 55.50 55.01
8/31/2011 122.88 109.20 41.46 44.09
9/30/2011 93.29 78.70 27.98 31.64
10/31/2011 116.84 102.37 40.32 45.26
11/30/2011 108.63 88.88 33.52 41.71
12/31/2011 101.04 86.61 32.25 41.63
1/31/2012 119.22 107.77 39.30 48.74
2/29/2012 131.71 120.22 47.30 56.01
3/31/2012 131.02 112.87 46.61 58.01
4/30/2012 129.42 110.32 43.74 56.22
5/31/2012 105.83 86.74 27.24 42.73
6/30/2012 117.49 93.94 36.16 50.01
7/31/2012 118.25 97.73 37.71 51.93
8/31/2012 121.65 97.07 41.40 55.79
9/30/2012 133.10 108.96 45.59 60.07
10/31/2012 135.11 107.69 46.80 58.98
11/30/2012 135.18 110.33 50.35 61.02
12/31/2012 143.84 120.61 55.15 64.05
1/31/2013 150.48 123.65 63.34 72.40
2/28/2013 146.07 120.84 61.79 72.69
3/31/2013 144.26 117.04 63.11 76.73
4/30/2013 147.26 118.68 71.61 82.30
5/31/2013 146.14 113.07 67.47 82.37
6/30/2013 134.61 99.50 61.52 77.87
7/31/2013 142.72 101.59 70.04 87.24
8/31/2013 135.03 98.12 67.79 83.25
9/30/2013 155.58 111.01 80.20 92.42
10/31/2013 164.67 121.26 86.26 99.95
11/30/2013 162.71 118.02 87.68 103.50
12/31/2013 165.00 114.87 90.49 107.81
1/31/2014 144.19 100.92 82.82 100.11
2/28/2014 155.55 107.58 92.99 110.13
3/31/2014 160.41 113.95 91.76 110.44
4/30/2014 160.70 114.66 94.53 112.59
5/31/2014 171.70 122.15 97.69 116.77
6/30/2014 180.94 128.06 99.59 120.65
7/31/2014 180.03 132.47 95.68 117.13
8/31/2014 188.42 137.71 95.38 121.92
9/30/2014 171.07 120.09 87.86 115.89
10/31/2014 176.01 122.68 85.14 117.29
11/30/2014 171.28 120.33 87.66 121.64
12/31/2014 152.94 110.17 81.15 118.07
1/31/2015 149.76 111.43 82.04 114.12
2/28/2015 155.17 117.98 92.92 126.66
3/31/2015 149.69 114.88 89.99 123.11
4/30/2015 160.29 131.41 97.75 128.35
5/31/2015 155.39 122.14 96.74 129.13
6/30/2015 151.71 116.37 91.16 123.81
7/31/2015 139.88 101.37 95.13 127.82
8/31/2015 114.41 83.16 80.78 112.75
9/30/2015 108.21 77.65 71.60 104.90
10/31/2015 127.25 90.32 85.01 121.14
11/30/2015 122.71 82.90 82.13 120.04
12/31/2015 117.93 78.82 79.68 116.17
1/31/2016 105.28 67.22 66.69 103.24
2/29/2016 102.81 66.94 63.63 101.72
3/31/2016 124.61 89.04 74.28 115.41
4/30/2016 124.03 90.06 79.33 118.82
5/31/2016 122.29 82.97 77.70 120.05
6/30/2016 126.21 90.29 71.73 117.59
7/31/2016 133.77 99.86 80.44 126.78
8/31/2016 140.24 104.83 80.56 126.97
9/30/2016 146.12 107.46 82.78 128.17
10/31/2016 146.56 107.96 79.04 123.76
11/30/2016 134.13 98.39 75.48 126.97
12/31/2016 133.54 98.82 81.48 132.40
1/31/2017 145.16 109.70 86.74 138.01
2/28/2017 149.32 116.12 89.41 144.62
3/31/2017 159.33 121.58 94.63 147.22
4/30/2017 166.56 126.43 99.58 150.88
5/31/2017 174.16 133.12 106.90 156.19
6/30/2017 177.30 135.47 106.54 157.18
7/31/2017 192.49 149.51 112.50 163.33
8/31/2017 199.36 155.07 112.42 163.70
9/30/2017 200.24 154.06 117.70 169.62
10/31/2017 207.98 162.96 121.01 174.72
11/30/2017 206.45 163.49 123.32 180.67
12/31/2017 215.52 172.95 126.91 184.46
1/31/2018 241.17 195.70 138.29 199.48
2/28/2018 224.64 182.06 127.53 187.08
3/31/2018 224.93 176.82 123.43 180.82
4/30/2018 220.89 175.59 128.54 184.05
5/31/2018 219.93 165.83 123.40 185.83
6/30/2018 211.85 154.78 120.67 185.69
7/31/2018 213.47 160.38 126.10 194.61
8/31/2018 204.80 153.34 121.73 198.26
9/30/2018 201.34 152.00 123.66 199.92
10/31/2018 173.13 130.05 105.86 177.90
11/30/2018 186.72 139.53 105.60 181.05

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 12/18/2018

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

(56.7% of assets as of 11/30/2018)


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 21.4% 31.0% -9.6%
India 11.4% 9.2% 2.2%
Hong Kong 8.0% - -
Russia 6.3% 3.7% 2.5%
Brazil 6.1% 7.5% -1.5%
South Korea 6.0% 13.9% -7.9%
France 5.6% - -
Taiwan 5.1% 11.3% -6.2%
Mexico 5.0% 2.6% 2.4%
Philippines 3.8% 1.0% 2.7%
United Kingdom 3.6% - -
South Africa 2.6% 6.2% -3.5%
United States 2.0% - -
Turkey 1.6% 0.7% 0.9%
United Arab Emirates 1.4% 0.7% 0.7%
Peru 1.3% 0.4% 0.8%
Singapore 1.1% - -
Indonesia 1.0% 2.2% -1.2%
Cayman Islands 0.9% - -
Chile 0.9% 1.1% -0.2%
Developed Markets Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Asia Pacific 9.1% - -
Europe 9.1% - -
Americas 2.9% - -
Emerging Markets Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Asia Pacific 49.4% 73.5% -24.1%
Americas 13.7% 12.0% 1.7%
Europe 7.8% 6.5% 1.3%
Africa 3.1% 6.3% -3.2%
Middle East 1.4% 1.7% -0.3%
Equity Sector Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Financials 24.1% 24.6% -0.5%
Consumer Discretionary 21.5% 10.5% 11.0%
Information Technology 9.0% 14.6% -5.5%
Communication Services 8.5% 14.0% -5.5%
Consumer Staples 7.6% 6.6% 1.0%
Materials 6.8% 7.5% -0.7%
Health Care 6.7% 2.9% 3.8%
Energy 5.3% 8.2% -3.0%
Industrials 5.2% 5.5% -0.3%
Real Estate 1.9% 3.0% -1.1%
Industry Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Banks 9.9% 17.1% -7.2%
Internet & Direct Marketing Retail 9.2% 4.5% 4.7%
Interactive Media & Services 7.1% 6.6% 0.5%
Textiles Apparel & Luxury Goods 6.6% 0.7% 5.9%
Metals & Mining 5.6% 3.3% 2.3%
Oil Gas & Consumable Fuels 5.3% 8.1% -2.9%
Semiconductors & Semiconductor Equipment 5.1% 5.4% -0.3%
Capital Markets 5.1% 1.3% 3.9%
Thrifts & Mortgage Finance 3.7% 1.0% 2.6%
Hotels Restaurants & Leisure 3.5% 0.7% 2.8%
Industrial Conglomerates 2.7% 1.6% 1.1%
Beverages 2.7% 1.2% 1.5%
Insurance 2.7% 3.8% -1.0%
Health Care Providers & Services 2.4% 0.5% 1.9%
Food & Staples Retailing 2.4% 1.8% 0.6%
Diversified Financial Services 2.3% 1.2% 1.1%
Personal Products 2.3% 0.7% 1.6%
Pharmaceuticals 2.2% 1.4% 0.8%
Multiline Retail 2.1% 0.6% 1.4%
Real Estate Management & Development 1.9% 2.6% -0.7%
Asset Allocation Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Equity 96.5% 100.0% -3.5%
Net Cash and Equivalents 3.5% - -
Market Cap Developing Markets Fund MSCI Emerging Markets Index Overweight / Underweight
Large 87.3% 90.0% -2.7%
Mid 6.1% 9.2% -3.1%
Small 0.5% 0.8% -0.4%
Analytics
(As of 11/30/2018)

Morningstar 11/30/2018 (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
0.22
-0.24
Beta
0.86
0.90
Information Ratio
-0.21
-0.08
R-Squared
91.59
89.52
Sharpe Ratio
0.60
0.13
Standard Deviation
13.34
14.38
Upside Capture
86.39
87.21
Downside Capture
84.27
88.31
Sortino Ratio
0.97
0.19
Win Ratio
39.00
45.00
Loss Ratio
61.00
55.00
Tracking Error
4.38
4.91
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$88.08 B
$73.98 B
Median Market Cap (weighted)
$34.71 B
$19.25 B
P/E Ratio (LTM)
20.34
13.62
P/E Ratio (NTM)
16.48
11.29
Price/Book
2.97
1.79
Return on Equity
18.05%
17.33%
Turnover Ratio
36%
-
Active Share
78.88%
-
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/3/2018
Per Share ($)
$0.1072
12-Month Distribution ($)
$0.1292
Distribution Sources
  • D
Net Income
100.00%
Net Profit from Sale
0.00%
Other Capital Sources
0.00%
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. 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 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.
  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.
  12. 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.
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