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ODMAX Oppenheimer Developing Markets A

  • Fund
  • ODMAX
  • Price as of: Sep 17, 2019
  • $43.16 - $0.11 - 0.25%

ODMAX - Profile

Vitals

  • YTD Return 13.1%
  • 3 Yr Annualized Return 8.7%
  • 5 Yr Annualized Return 1.2%
  • Net Assets $40.4 B
  • Holdings in Top 10 39.8%

52 WEEK LOW AND HIGH

$43.16
$36.54
$44.60

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.29%

SALES FEES

  • Front Load 5.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 36.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

Closed to new investors as of Apr 12, 2013

STANDARD (TAXABLE)

$1,000

IRA

$250

Fund Classification

PRIMARY CATEGORY

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

Distributions

  • YTD Total Return 13.1%
  • 3 Yr Annualized Total Return 8.8%
  • 5 Yr Annualized Total Return 1.7%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 0.13%
DIVIDENDS
  • Dividend Yield 0.2%
  • Dividend Distribution Frequency Annually

Fund Details

  • Legal Name Invesco 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 (%)
YTD 13.1% -7.6% 27.4% 25.30%
1 Yr 7.0% -24.7% 26.3% 16.55%
3 Yr 8.7%* -14.3% 11.8% 6.31%
5 Yr 1.2%* -20.2% 23.6% 28.39%
10 Yr 5.1%* -10.4% 10.8% 4.85%

* Annualized


Return Ranking - Calendar

Period ODMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.4% -41.9% 1.7% 3.82%
2017 34.4% 0.0% 50.3% 47.15%
2016 6.6% -10.1% 241.4% 52.01%
2015 -14.4% -33.4% -1.5% 48.69%
2014 -6.6% -46.3% 32.9% 68.18%

Total Return Ranking - Trailing

Period ODMAX Return Category Return Low Category Return High Rank in Category (%)
YTD 13.1% -7.6% 27.4% 25.44%
1 Yr 7.0% -24.7% 26.3% 18.08%
3 Yr 8.8%* -14.3% 13.0% 9.63%
5 Yr 1.7%* -20.2% 27.5% 33.19%
10 Yr 5.8%* -10.4% 15.5% 7.77%

* Annualized


Total Return Ranking - Calendar

Period ODMAX Return Category Return Low Category Return High Rank in Category (%)
2018 -12.4% -41.9% 1.7% 7.20%
2017 34.8% 0.0% 50.4% 53.64%
2016 6.9% -10.0% 249.7% 55.34%
2015 -14.1% -33.4% -1.5% 49.09%
2014 -4.8% -46.2% 32.9% 66.51%

NAV & Total Return History

ODMAX - Holdings

Concentration Analysis

ODMAX Category Low Category High ODMAX % Rank
Net Assets 40.4 B 942 K 83.3 B 1.20%
Number of Holdings 91 2 5002 58.30%
Net Assets in Top 10 16.5 B 145 K 16.5 B 0.66%
Weighting of Top 10 39.80% 4.3% 98.4% 20.58%

Top 10 Holdings

  1. Alibaba Group Holding Ltd ADR 6.94%

  2. Master China Series 1 4.75%

  3. NOVATEK PJSC GDR 4.59%

  4. Taiwan Semiconductor Manufacturing Co Ltd 3.99%

  5. Kering SA 3.74%

  6. Housing Development Finance Corp Ltd 3.64%

  7. Tencent Holdings Ltd 3.26%

  8. Kotak Mahindra Bank Ltd 3.21%

  9. AIA Group Ltd 3.00%

  10. Glencore PLC 2.68%


Asset Allocation

Weighting Return Low Return High ODMAX % Rank
Stocks
90.19% 74.96% 103.16% 94.29%
Cash
5.03% -8.77% 23.79% 14.21%
Other
4.75% -3.83% 10.03% 2.52%
Preferred Stocks
0.04% 0.00% 2.81% 10.36%
Convertible Bonds
0.00% 0.00% 2.95% 82.34%
Bonds
0.00% -0.01% 3.89% 81.14%

Stock Sector Breakdown

Weighting Return Low Return High ODMAX % Rank
Consumer Cyclical
25.50% 0.53% 37.83% 5.31%
Financial Services
23.42% 1.61% 50.65% 58.57%
Technology
13.35% 0.00% 46.63% 81.14%
Consumer Defense
7.20% 0.00% 48.06% 58.03%
Basic Materials
6.65% 0.00% 16.68% 39.84%
Energy
5.74% 0.00% 23.78% 48.61%
Healthcare
3.31% 0.00% 14.87% 40.50%
Industrials
2.87% 0.00% 20.96% 83.00%
Real Estate
2.14% 0.00% 11.95% 52.86%
Utilities
0.00% 0.00% 13.37% 94.95%
Communication Services
0.00% 0.00% 19.90% 96.28%

Stock Geographic Breakdown

Weighting Return Low Return High ODMAX % Rank
Non US
89.50% 66.71% 131.33% 91.37%
US
0.69% -32.60% 17.55% 48.87%

ODMAX - Expenses

Operational Fees

ODMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.29% 0.04% 124.05% 68.21%
Management Fee 0.77% 0.00% 2.00% 22.28%
12b-1 Fee 0.25% 0.00% 1.00% 54.82%
Administrative Fee N/A 0.00% 0.85% N/A

Sales Fees

ODMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 0.20% 5.75% 59.20%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ODMAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.25% 2.00% 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 Return Low Category Return High Rank in Category (%)
Turnover 36.00% 2.00% 254.00% 40.24%

ODMAX - Distributions

Dividend Yield Analysis

ODMAX Category Low Category High ODMAX % Rank
Dividend Yield 0.25% 0.00% 23.21% 70.16%

Dividend Distribution Analysis

ODMAX Category Low Category High Category Mode
Dividend Distribution Frequency Annually Annually Semi-Annually Annually

Dividend Payout History


Net Income Ratio Analysis

ODMAX Category Low Category High ODMAX % Rank
Net Income Ratio 0.13% -1.69% 5.73% 85.95%

Capital Gain Distribution Analysis

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

ODMAX - Managers

Justin M. Leverenz

Manager

Start Date

Tenure

Tenure Rank

May 01, 2007

12.34

12.3%

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


Tenure Analysis

Category Low

0.0

Category High

25.74

Category Average

5.68

Category Mode

5.58