Are you getting the best rate from your broker?
Compare your broker's rates now to find out if you can save money

Choose your broker below
Welcome to MutualFunds.com. Please help us personalize your experience.

Select the one that best describes you
ALERT

Will Mutual Funds Have Higher Capital Gains Distributions This Year?

Mutualfunds logo

ODMAX Oppenheimer Developing Markets A

  • Fund
  • ODMAX
  • Price as of: Sep 18, 2017
  • $42.33
  • + $0.31
  • + 0.74%
  • Category
  • Emerging Markets Equities

ODMAX - Profile

Vitals

  • YTD Return 30.6%
  • 3 Yr Annualized Return 1.0%
  • 5 Yr Annualized Return 5.9%
  • Net Assets $37.1 B
  • Holdings in Top 10 39.0%

52 WEEK LOW AND HIGH

$42.33
$31.77
$42.33

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 30.6%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 4.7%
  • 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 30.6% -29.2% 44.1% 43.13% 3
1 Yr 24.3% -38.0% 57.7% 35.17% 2
3 Yr 1.0% * -13.2% 12.2% 65.27% 4
5 Yr 5.9% * -11.8% 17.1% 37.24% 2
10 Yr 5.1% * -2.7% 8.1% 5.47% 1

* Annualized


Return Ranking - Calendar

Period ODMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 6.6% -32.2% 248.4% 45.33% 3
2015 -14.4% -47.4% 3.8% 46.76% 3
2014 -6.6% -40.7% 42.6% 61.90% 4
2013 7.7% -30.3% 32.4% 13.61% 1
2012 20.4% -23.9% 37.9% 15.35% 1

Total Return Ranking - Trailing

Period ODMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
YTD 30.6% -11.8% 44.1% 43.57% 3
1 Yr 17.2% -25.4% 55.8% 61.11% 4
3 Yr -1.0% * -11.1% 12.2% 77.97% 4
5 Yr 4.7% * -12.2% 17.1% 57.11% 3
10 Yr 4.5% * -2.7% 8.1% 7.03% 1

* Annualized


Total Return Ranking - Calendar

Period ODMAX Return Category Return Low Category Return High Rank in Category (%) Quintile
2016 6.6% -24.1% 248.4% 47.08% 3
2015 -14.1% -24.6% 6.9% 52.15% 3
2014 -4.8% -17.4% 60.9% 71.40% 4
2013 8.6% -14.9% 60.9% 16.34% 1
2012 21.7% -36.9% 83.1% 31.78% 2

NAV & Total Return History

ODMAX - Holdings

Filings data as of: Jul 31, 2017

Concentration Analysis

ODMAX Category Low Category High ODMAX % Rank Quintile
Net Assets 37.1 B 272 85.4 B 0.43% 1
Number of Holdings 99 1 4776 16.23% 3
Net Assets in Top 10 14 B 0 14.3 B 0.29% 1
Weighting of Top 10 39.0% 0.0% 188.6% 5.07% 1

Top 10 Holdings

  1. Housing Development Finance Corp Ltd 5.09%
  2. Magnit PJSC 2.62%
  3. NOVATEK PJSC GDR 2.23%
  4. Taiwan Semiconductor Manufacturing Co Ltd 5.77%
  5. Tencent Holdings Ltd 6.28%
  6. Alibaba Group Holding Ltd ADR 6.56%
  7. Master China Series 1 2.84%
  8. AIA Group Ltd 2.97%
  9. Ctrip.com International Ltd ADR 2.41%
  10. Glencore PLC 2.26%

Asset Allocation

Weighting Category Low Category High ODMAX % Rank Quintile
Stocks
90.63% 0.00% 100.53% 23.62% 4
Other
6.50% -1.53% 31.18% 3.62% 1
Cash
2.79% -68.34% 100.00% 12.03% 2
Preferred Stocks
0.08% 0.00% 7.87% 10.87% 2
Convertible Bonds
0.00% 0.00% 11.12% 1.45% 5
Bonds
0.00% 0.00% 95.61% 6.96% 5

Stock Sector Breakdown

Weighting Category Low Category High ODMAX % Rank Quintile
Consumer Cyclical
23.92% 0.00% 30.04% 1.45% 1
Financial Services
20.41% 0.00% 44.19% 17.56% 3
Technology
17.30% 0.00% 37.10% 21.04% 4
Consumer Defense
10.89% 0.00% 41.38% 8.27% 2
Basic Materials
4.66% 0.00% 18.34% 21.19% 4
Healthcare
4.58% 0.00% 13.91% 8.71% 2
Industrials
4.20% 0.00% 27.34% 22.35% 4
Energy
2.37% 0.00% 20.68% 22.93% 4
Real Estate
2.31% 0.00% 15.52% 12.92% 3
Utilities
0.00% 0.00% 52.35% 24.24% 5
Communication Services
0.00% 0.00% 20.02% 28.01% 5

Stock Geographic Breakdown

Weighting Category Low Category High ODMAX % Rank Quintile
Non US
89.93% 0.00% 100.53% 23.62% 4
US
0.70% -3.75% 100.02% 13.62% 3

ODMAX - Expenses

Operational Fees

ODMAX Fees (% of AUM) Category Low Category High Rank in Category (%) Quintile
Expense Ratio 1.32% 0.05% 935.74% 31.69% 2
Management Fee 0.78% 0.00% 2.00% 6.96% 2
12b-1 Fee 0.25% 0.00% 1.00% 3.37% 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% 16.72% 1

ODMAX - Distributions

Dividend Yield Analysis

ODMAX Category Low Category High ODMAX % Rank Quintile
Dividend Yield 0.0% 0.00% 4.22% 73.76% 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% -2.15% 6.38% 29.80% 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

10.34

Tenure Rank

2.1%

Mr. Leverenz has been Director of Emerging Markets Equities since January 2013. He has been a portfolio manager of OFI Global and OFI since May 2007, a Senior Vice President of OFI since November 2009, and was a Vice President of OFI from July 2004 to October 2009. Mr. Leverenz was the Head of Research for Goldman Sachs in Taiwan and Head of Asian Technology Research Pan-Asia from 2002 to 2004. He was an Analyst and Head of Equity Research for Barclays de Zoete Wedd from 1993 to 1995 and from 1997 to 2000, respectively. He was a Fund Manager at Martin Currie Investment Management from 1995 to 1997.


Tenure Analysis

Category Low

0.0

Category High

23.7

Category Average

5.22

Category Mode

2.7