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EMIAX

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
68385F108
NAV
  • A
(as of 04/20/2018)
$11.97
Total Assets
(as of 03/31/2018)
$508.10 MM
Gross Expense Ratio
(as of 03/29/2018)
1.78%
Net Expense Ratio
(as of 03/29/2018)
1.71%
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 03/31/2018
  • B
as of 03/31/2018
  • B

Include Sales Charge
Include Sales Charge
Include Sales Charge
Include Sales Charge
  • B
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr since inception
Emerging Markets Innovators Fund (NAV)
1.42% 5.20% 5.20% 31.08% 10.32% 5.40%
MSCI Emerging Markets Mid Cap Index
-0.13% 1.66% 1.66% 21.97% 6.73% 3.67%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr since inception
Emerging Markets Innovators Fund (with sales charge)
-4.41% -0.85% -0.85% 23.55% 8.16% 3.75%
MSCI Emerging Markets Mid Cap Index
-0.13% 1.66% 1.66% 21.97% 6.73% 3.67%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr since inception
Emerging Markets Innovators Fund (NAV)
1.42% 5.20% 5.20% 31.08% 10.32% 5.40%
MSCI Emerging Markets Mid Cap Index
-0.13% 1.66% 1.66% 21.97% 6.73% 3.67%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-03-31
  • C
1 yr 3 yr since inception
Emerging Markets Innovators Fund (with sales charge)
-4.41% -0.85% -0.85% 23.55% 8.16% 3.75%
MSCI Emerging Markets Mid Cap Index
-0.13% 1.66% 1.66% 21.97% 6.73% 3.67%
Gross Expense Ratio: 1.78% | Net Expense Ratio: 1.71%

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 Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index
2015 -6.09% -13.21%
2016 -1.20% 4.84%
2017 40.50% 35.14%

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 Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index MSCI EAFE MSCI World
3/31/2015 0.00 0.00 0.00 0.00
4/30/2015 5.96 8.23 4.08 2.35
5/31/2015 4.30 4.43 3.55 2.70
6/30/2015 3.64 0.35 0.62 0.31
7/31/2015 -0.88 -4.93 2.71 2.11
8/31/2015 -9.27 -13.49 -4.85 -4.65
9/30/2015 -12.03 -15.55 -9.68 -8.16
10/31/2015 -7.40 -10.41 -2.62 -0.89
11/30/2015 -8.28 -13.63 -4.14 -1.38
12/31/2015 -8.06 -15.57 -5.43 -3.11
1/31/2016 -11.81 -20.54 -12.27 -8.91
2/29/2016 -14.24 -21.16 -13.87 -9.59
3/31/2016 -8.28 -11.17 -8.27 -3.45
4/30/2016 -7.17 -10.09 -5.61 -1.92
5/31/2016 -8.06 -13.94 -6.47 -1.37
6/30/2016 -6.18 -11.25 -9.61 -2.48
7/31/2016 -3.53 -5.87 -5.03 1.64
8/31/2016 -2.10 -5.36 -4.96 1.73
9/30/2016 -0.22 -4.80 -3.80 2.27
10/31/2016 -1.77 -5.20 -5.76 0.29
11/30/2016 -9.16 -10.89 -7.64 1.73
12/31/2016 -9.16 -11.49 -4.48 4.16
1/31/2017 -4.53 -6.63 -1.71 6.68
2/28/2017 -2.32 -3.04 -0.31 9.64
3/31/2017 2.43 -0.31 2.44 10.81
4/30/2017 7.95 1.85 5.05 12.45
5/31/2017 7.95 4.47 8.90 14.82
6/30/2017 9.38 4.62 8.71 15.27
7/31/2017 14.90 9.88 11.84 18.03
8/31/2017 17.77 11.95 11.80 18.19
9/30/2017 18.43 11.22 14.58 20.84
10/31/2017 19.43 12.84 16.32 23.13
11/30/2017 22.74 13.25 17.54 25.80
12/31/2017 27.63 19.61 19.43 27.50
1/31/2018 34.49 27.56 25.42 34.23
2/28/2018 32.39 21.75 19.76 28.67
3/29/2018 34.27

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 04/22/2018

Date 2013 2014 2015 2016 2017
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

There is no guarantee of the payment of any dividend or other distributions at any level.

Portfolio

Top Issuers

(33.4% of assets as of 03/31/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Equity Sector
Industry
Asset Allocation
Market Cap 5
Emerging Markets
Country Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
China 19.0% 24.7% -5.7%
Taiwan 13.5% 12.5% 1.0%
India 12.6% 7.9% 4.7%
South Korea 8.6% 15.1% -6.5%
Brazil 7.0% 9.5% -2.4%
South Africa 6.4% 8.5% -2.1%
Malaysia 3.6% 3.2% 0.4%
Argentina 2.5% - -
United Kingdom 2.2% - -
Mexico 2.2% 3.1% -0.8%
Thailand 2.0% 1.9% 0.1%
Indonesia 1.6% 1.8% -0.2%
Hong Kong 1.5% - -
Philippines 1.3% 1.1% 0.2%
United States 0.9% - -
Pakistan 0.8% 0.4% 0.4%
Greece 0.8% 1.5% -0.7%
Egypt 0.8% 0.2% 0.5%
Russia 0.7% 0.9% -0.2%
Hungary 0.7% 0.3% 0.3%
Developed Markets Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Europe 3.5% - -
Asia Pacific 2.2% - -
Americas 1.2% - -
Equity Sector Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Consumer Discretionary 26.9% 15.0% 11.9%
Information Technology 17.1% 14.6% 2.5%
Health Care 16.0% 8.4% 7.5%
Financials 11.7% 13.1% -1.4%
Consumer Staples 8.0% 7.4% 0.6%
Industrials 8.0% 14.9% -6.8%
Materials 4.0% 10.5% -6.5%
Real Estate 2.3% 6.5% -4.2%
Industry Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Biotechnology 9.1% 1.4% 7.7%
Diversified Consumer Services 6.8% 1.4% 5.5%
Banks 5.4% 4.9% 0.5%
Electronic Equipment Instruments & Components 4.6% 3.0% 1.7%
Hotels Restaurants & Leisure 4.6% 0.6% 4.0%
Food & Staples Retailing 4.5% 2.0% 2.5%
Specialty Retail 4.4% 2.3% 2.1%
IT Services 3.8% 0.5% 3.3%
Semiconductors & Semiconductor Equipment 3.3% 3.2% 0.2%
Software 3.3% 1.3% 2.0%
Health Care Providers & Services 3.2% 1.2% 2.0%
Construction Materials 3.1% 1.9% 1.1%
Life Sciences Tools & Services 2.8% - -
Consumer Finance 2.8% 0.8% 2.0%
Personal Products 2.7% 0.4% 2.2%
Auto Components 2.7% 1.0% 1.7%
Internet & Direct Marketing Retail 2.6% 0.8% 1.8%
Real Estate Management & Development 2.3% 4.5% -2.3%
Machinery 2.1% 2.8% -0.7%
Household Durables 2.0% 1.5% 0.5%
Asset Allocation Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Equity 94.1% 100.0% -5.9%
Net Cash and Equivalents 5.9% - -
Market Cap Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Mid 51.9% 40.0% 11.9%
Large 28.7% 56.1% -27.4%
Small 13.6% 4.0% 9.6%
Emerging Markets Emerging Markets Innovators Fund MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Asia Pacific 63.7% 68.6% -4.9%
Americas 12.3% 14.4% -2.1%
Africa 7.8% 8.7% -0.9%
Europe 3.1% 7.0% -3.9%
Middle East 0.3% 1.3% -0.9%
Analytics
(As of 03/31/2018)

Morningstar 03/31/2018 (based on risk adjusted performance)
Overall Rating
Number of Funds
666
Category
Diversified Emerging Mkts
Performance Statistics
3Y
Alpha
4.97
Beta
0.71
Information Ratio
0.50
R-Squared
80.69
Sharpe Ratio
0.80
Standard Deviation
12.64
Upside Capture
88.29
Downside Capture
66.61
Sortino Ratio
0.36
Win Ratio
56.00
Loss Ratio
44.00
Tracking Error
7.20
Dividends
  • D
Est. Frequency
Annual
Last Pay Date
12/4/2017
Per Share ($)
$0.0223
12-Month Distribution ($)
$0.0223
Portfolio Characteristics
Fund
Fund Index
Average Market Cap (weighted)
$5.40 B
$5.50 B
Median Market Cap (weighted)
$3.00 B
$4.50 B
P/E Ratio (LTM)
28.10
18.44
P/E Ratio (NTM)
21.10
13.77
Price/Book
4.52
1.94
Return on Equity
20.89%
14.09%
Turnover Ratio
23.00%
-
Active Share
92.26%
-
Distribution Sources
  • D
Net Income
0.00%
Net Profit from Sale
0.00%
Other Capital Sources
100.00%
Tools
Morningstar logo 95x28 trans
Documents
  1. 1. Special Risks 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. 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.
  3. 3. Access index definitions.
  4. 4. Holdings are subject to change, and are dollar weighted based on total net 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. 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.
  7. 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.
  8. 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.
  9. D. There is no guarantee of the payment of any dividend or other distributions at any level.
  10. The funds invest in below-investment-grade debt securities, which may entail greater credit risks, as described in each fund’s prospectus. These securities (sometimes called “junk bonds”) may be subject to greater price fluctuations and risks of loss of income and principal than investment-grade municipal securities. The funds may invest substantially in municipal securities within a single state or related to similar type projects, which can increase volatility and exposure to regional issues. The funds may also invest substantially in Puerto Rico and other U.S. territories, commonwealths and possessions, and could be exposed to their local political and economic conditions. Deterioration of the Puerto Rican economy could have an adverse impact on Puerto Rican bonds and the performance of the Rochester municipal funds that hold them.The views represented herein are the opinions of the Portfolio Managers at Macquarie Capital Investment Management LLC and are not intended as investment advice or to predict or depict the performance of any investment. These views are as of the date indicated, and are subject to change based on subsequent developments.Funds returns may not match the return of its respective index, known as non-correlation risk, due to operating expenses incurred by the Funds. The alternate weighting approach employed by the Funds (i.e., using revenues as a weighting measure), while designed to enhance potential returns, may not produce the desired results. Because the Funds are rebalanced quarterly, portfolio turnover may exceed 100%. The greater the portfolio turnover, the greater the transaction costs, which could have an adverse effect on Fund performanceOn April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.On April 28, 2017, OFI Global Institutional, Inc., a registered investment adviser subsidiary within OFI Global Asset Management (“OFI Global”) acquired SNW Asset Management, LLC (“SNW”). SNW provides advisory services for the strategy discussed herein.

    Benchmark: Through 12/31/11: 80% Merrill Lynch 1-5yr Municipal index/ 20% Merrill Lynch 5-7yr index. After 12/31/11: BofA Merrill Lynch 1-10 Year Municipal Securities Index. The BofA Merrill Lynch 1-10 Year Municipal Securities Index is a subset of the BofA Merrill Lynch US Municipal Securities Index including all securities with a remaining term to final maturity less than 10 years.

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