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ODMAX Oppenheimer Developing Markets A

  • Fund
  • ODMAX
  • Price as of: Dec 09, 2016
  • $32.71
  • - $0.06
  • - 0.18%
  • Category
  • Emerging Markets Equities

ODMAX - Profile

Vitals

  • YTD Return 7.6%
  • 3 Yr Annualized Return -4.0%
  • 5 Yr Annualized Return 2.0%
  • Net Assets $28.7 B
  • Holdings in Top 10 34.8%

52 WEEK LOW AND HIGH

$32.71
$26.76
$34.88

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.32%

SALES FEES

  • Front Load 5.75%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 18.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of 2013-04-12

STANDARD (TAXABLE)

$1,000

IRA

$500

Investment Themes

CATEGORY

Emerging Markets Equities
  • Fund Type Open End Mutual Fund
  • Investment Style Diversified Emerging Mkts

Distributions

  • YTD Total Return 7.6%
  • 3 Yr Annualized Total Return -5.9%
  • 5 Yr Annualized Total Return 0.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.38%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Oppenheimer Developing Markets Fund
  • Fund Family Name OppenheimerFunds
  • Inception Date Nov 18, 1996
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager Justin M. Leverenz

Fund Description

The Developing Markets Fund (ODMAX) offers investors exposure to emerging market businesses that appear likely to grow at a faster pace than world GDP. The portfolio manager, Justin Leverenz, utilizes secular growth themes and subthemes as a way to focus attention on those corners of the global market that exhibit the highest probability of structural growth.

In addition, the fund uses strict screens based on fundamental analysis, which include factors such as durable and above average earnings growth, unique and defendable competitive advantages, capital efficiency, financial strength, transparency, good governance, and strong management aligned with shareholder interest. In addition, the fund utilizes a contrarian approach to purchasing new holdings, meaning ODMAX will buy companies when they are out of favor, and undervalued by the market.

ODMAX - Performance

Return Ranking - Trailing

Period ODMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.6% -29.2% 261.2% 52.78% 3
1 Yr 4.9% -38.0% 57.7% 51.60% 3
3 Yr -4.0% * -12.2% 16.7% 67.52% 4
5 Yr 2.0% * -11.8% 12.8% 26.11% 2
10 Yr 4.6% * -3.1% 7.1% 3.70% 1

* Annualized


Return Ranking - Calendar

Period ODMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -14.4% -47.4% 3.3% 44.10% 3
2014 -6.6% -40.7% 42.6% 61.50% 4
2013 7.7% -30.3% 32.4% 13.03% 1
2012 20.4% -10.6% 37.9% 15.35% 1
2011 -19.6% -54.5% 1.7% 35.63% 2

Total Return Ranking - Trailing

Period ODMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 7.6% -11.8% 261.2% 55.10% 3
1 Yr -1.2% -25.4% 55.8% 75.44% 4
3 Yr -5.9% * -12.7% 16.7% 83.67% 5
5 Yr 0.8% * -12.2% 12.8% 44.25% 3
10 Yr 4.0% * -3.1% 7.1% 5.35% 1

* Annualized


Total Return Ranking - Calendar

Period ODMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2015 -14.1% -24.6% 3.3% 48.62% 3
2014 -4.8% -18.2% 60.9% 71.45% 4
2013 8.6% -14.9% 60.9% 15.73% 1
2012 21.7% -8.7% 83.1% 32.04% 2
2011 -19.0% -39.8% 2.2% 30.06% 2

NAV & Total Return History

ODMAX - Holdings

Filings data as of: Oct 31, 2016

Concentration Analysis

ODMAX Category Low Category High ODMAX % Rank Quintile
Net Assets 28.7 B 272 64.2 B 0.43% 1
Number of Holdings 97 1 4452 14.93% 4
Net Assets in Top 10 10.5 B 0 10.5 B 0.14% 1
Weighting of Top 10 34.8% 0.0% 188.6% 7.25% 2

Top 10 Holdings

  1. Baidu Inc ADR 3.40%
  2. Housing Development Finance Corp Ltd 4.72%
  3. Magnit PJSC 3.16%
  4. OAO Novatek GDR 2.46%
  5. Taiwan Semiconductor Manufacturing Co Ltd 3.96%
  6. Tencent Holdings Ltd 5.00%
  7. Alibaba Group Holding Ltd ADR 4.74%
  8. AIA Group Ltd 2.34%
  9. Master China Series 1 2.45%
  10. Lojas Americanas SA Pfd Shs 2.51%

Asset Allocation

Weighting Category Low Category High ODMAX % Rank Quintile
Stocks
91.76% 0.00% 102.26% 23.33% 4
Cash
4.72% -94.93% 100.00% 6.23% 1
Other
3.52% -2.96% 99.34% 5.07% 2
Convertible Bonds
0.00% 0.00% 9.01% 0.72% 5
Preferred Stocks
0.00% 0.00% 7.87% 11.45% 5
Bonds
0.00% 0.00% 93.68% 6.52% 5

Stock Sector Breakdown

Weighting Category Low Category High ODMAX % Rank Quintile
Consumer Cyclical
24.04% 0.00% 35.26% 1.75% 1
Financial Services
19.99% 0.00% 43.33% 14.99% 3
Technology
18.83% 0.00% 37.81% 16.59% 3
Consumer Defense
11.79% 0.00% 43.19% 7.42% 2
Healthcare
4.61% 0.00% 19.20% 8.73% 2
Industrials
4.20% 0.00% 33.10% 21.69% 4
Basic Materials
3.28% 0.00% 16.02% 24.31% 4
Real Estate
2.53% 0.00% 11.55% 12.66% 2
Energy
2.46% 0.00% 23.51% 22.27% 4
Communication Services
0.00% 0.00% 20.02% 27.22% 5
Utilities
0.00% 0.00% 51.13% 24.89% 5

Stock Geographic Breakdown

Weighting Category Low Category High ODMAX % Rank Quintile
Non US
89.35% 0.00% 101.92% 24.06% 4
US
2.41% -5.38% 100.02% 6.23% 2

ODMAX - Expenses

Operational Fees

ODMAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.32% 0.08% 935.74% 32.12% 2
Management Fee 0.78% 0.03% 2.00% 6.52% 2
12b-1 Fee 0.25% 0.00% 1.00% 3.13% 3
Administrative Fee N/A 0.00% 0.55% N/A N/A

Sales Fees

ODMAX Fees (% of AUM) Category Low Category High ODMAX Rank Quintile
Front Load 5.75% 0.50% 5.75% 0.75% 5
Deferred Load N/A 1.00% 5.00% N/A N/A

Trading Fees

ODMAX Fees (% of AUM) Category Low Category High ODMAX Rank Quintile
Max Redemption Fee N/A 0.50% 2.00% N/A N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

ODMAX Fees (% of AUM) Category Low Category High ODMAX Rank Quintile
Turnover 18.00% 0.00% 947.00% 17.44% 1

ODMAX - Distributions

Dividend Yield Analysis

ODMAX Category Low Category High ODMAX % Rank Quintile
Dividend Yield 0.0% 0.00% 3.56% 77.05% 5

Dividend Distribution Analysis

ODMAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Monthly Annually

Dividend Payout History


Net Income Ratio Analysis

ODMAX Category Low Category High ODMAX % Rank Quintile
Net Income Ratio 0.38% -1.67% 5.97% 30.67% 4

Capital Gain Distribution Analysis

ODMAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Semi-Annually Annually

ODMAX - Managers

Justin M. Leverenz

Manager

Start Date

May 01, 2007

Tenure

9.59

Tenure Rank

2.2%

Justin Leverenz serves as portfolio manager of Oppenheimer Developing Markets Fund and related strategies. Additionally, he is Director of Emerging Markets Equities for the firm. He joined the firm in July 2004 as Senior Research Analyst supporting Oppenheimer Global Fund. Prior to joining the firm, Justin was the Director of Pan-Asian Technology Research for Goldman Sachs in Asia, where he covered technology companies throughout the region. He also served as Head of Equity Research in Taiwan for Barclays de Zoete Wedd (now Credit Suisse) and as a portfolio manager for Martin Currie Investment Managers in Scotland. Justin holds a B.A. in Chinese studies and political economy and an M.A. in international economics from the University of California, San Diego. He also holds the Chartered Financial Analyst designation, is fluent in Mandarin Chinese, and lived and worked for over 10 years in the Greater China region


John Paul Lech

Manager

Start Date

Sep 09, 2015

Tenure

1.23

Tenure Rank

10.8%

Mr. Lech has been Director of Research for the Emerging Markets Equity Team since September 2015 and a Vice President of the Sub-Adviser since June 2011. He was a Senior Research Analyst from January 2010 thru September 2015 and a Research Analyst from December 2008 to January 2010, focusing on emerging market equities. He was an Assistant Vice President of the Sub-Adviser from January 2010 to January 2011. John Paul speaks Spanish, Portuguese and French and has worked on transactions globally, notably in Latin America and the Middle East. John Paul holds both M.A. and B.A. from the Walsh School of Foreign Service at Georgetown University in Washington, DC.


Tenure Analysis

Category Low

0.0

Category High

25.1

Category Average

5.02

Category Mode

1.9