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Name

As of 12/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Developing Markets Fund

ODVNX | Fund

$37.37

$22.2 B

0.29%

$0.11

1.51%

Vitals

YTD Return

-0.5%

1 yr return

-0.5%

3 Yr Avg Return

-6.2%

5 Yr Avg Return

-2.4%

Net Assets

$22.2 B

Holdings in Top 10

45.4%

52 WEEK LOW AND HIGH

$37.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.51%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000

IRA

$250

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 12/27/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Invesco Developing Markets Fund

ODVNX | Fund

$37.37

$22.2 B

0.29%

$0.11

1.51%

ODVNX - Profile

Distributions

  • YTD Total Return -0.5%
  • 3 Yr Annualized Total Return -6.2%
  • 5 Yr Annualized Total Return -2.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio -0.05%
DIVIDENDS
  • Dividend Yield 0.3%
  • Dividend Distribution Frequency Annual

Fund Details

  • Legal Name
    Invesco Developing Markets Fund
  • Fund Family Name
    OppenheimerFunds
  • Inception Date
    Mar 01, 2001
  • Shares Outstanding
    N/A
  • Share Class
    R
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Justin Leverenz

Fund Description

The Fund mainly invests in common stocks of issuers in developing and emerging markets throughout the world and at times it may invest up to 100% of its total assets in foreign securities. Under normal market conditions, the Fund will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities of issuers whose principal activities are in a developing market, i.e. are in a developing market or are economically tied to a developing market country, and in derivatives and other instruments that have economic characteristics similar to such securities. The Fund will invest in at least three developing markets. The Fund focuses on companies that the portfolio manager believes haveabove-average earnings growth.
In general, countries may be considered developing or emerging markets if they are included in any one of the Morgan Stanley Capital International (MSCI) emerging markets indices or excluded from an index that captures representation across developed market countries, classified as a developing or emerging market, or classified under a similar or corresponding classification, by organizations such as the World Bank and the International Monetary Fund, or have economies, industries and stock markets with similar characteristics as such countries. For purposes of the Fund’s investments, a determination that an issuer is economically tied to a developing market country is based on factors including, but not limited to, geographic location of its primary trading markets, location of its assets, its domicile or its principal offices, or whether it receives revenues from a developing market. Such a determination can also be based, in whole or in part, on inclusion of an issuer or its securities in an index representative of developing or emerging markets, or on its “country of risk” being a developing market country as determined by a third party service provider.
The Fund may invest directly in certain eligible China A Shares through Stock Connect (a securities trading and clearing program designed to achieve mutual stock market access between the People’s Republic of China (PRC) and Hong Kong), or, for operational efficiency and regulatory considerations, through an investment in a private investment vehicle organized under Delaware law (the “Private Fund”). The Private Fund may invest in companies established or operating in, or with significant exposure to, the PRC or other developing markets countries. The Private Fund’s managing member, OppenheimerFunds, Inc., has full and exclusive discretionary authority to manage the day-to-day operations of the Private Fund and to invest its assets. The Fund’s investment in the Private Fund may vary based on the portfolio manager’s use of different types of investments that provide exposure to Chinese securities (through Stock Connect). Since the Fund may invest a portion of its assets in the Private Fund, the Fund may be considered to be investing indirectly in such securities through the Private Fund.
The Fund can invest in common and preferred stocks and debt securities of U.S. companies. It can also hold U.S. corporate and government debt securities for defensive and liquidity purposes. In addition to common and preferred stocks, the Fund can invest in other equity or “equity equivalents” securities such as convertible securities, rights or warrants. The Fund may purchase American Depositary Shares (ADS) as part of American Depositary Receipt (ADR) issuances. Under normal market conditions, the Fund currently does not expect to invest a significant amount of its assets in securities of U.S. issuers or debt of any issuer.
The Fund may invest in illiquid or thinly traded securities. The Fund may also invest in securities that are subject to resale restrictions such as those contained in Rule 144A promulgated under the Securities Act of 1933, as amended. The Fund can invest in derivative instruments, including forward foreign currency contracts to manage currency or exchange rate risk.
In selecting investments for the Fund, the portfolio manager evaluates investment opportunities on a company-by-company basis. This approach includes fundamental analysis of a company’s financial statements, management record, capital structure, operations, product development, and competitive position in its industry. The portfolio manager also looks for newer or established businesses that he believes are entering into a growth cycle, have the potential for accelerating earnings growth or cash flow, and possess reasonable valuations. The portfolio manager considers the effect of worldwide trends on the growth of particular business sectors and looks for companies that may benefit from those trends and seeks a diverse mix of industries and countries to help reduce the risks of foreign investing, such as currency fluctuations and stock market volatility. The portfolio manager may invest in growth companies of different capitalization ranges in any developing market country. The portfolio manager monitors individual issuers for changes in the factors above, which may trigger a decision to sell a security.
As part of the Fund’s investment process to implement its investment strategy in pursuit of its investment objective, the Fund’s portfolio manager may also consider both qualitative and quantitative environmental, social and governance (“ESG”) factors they believe to be material to understand an issuer’s fundamentals, assess whether any ESG factors pose a material financial risk or opportunity to the issuer and determine whether such risks are appropriately reflected in the issuer’s valuation. This analysis may involve the use of third-party research as well as proprietary research. Consideration of ESG factors is just one component of the portfolio manager's assessment of issuers eligible for investment and not necessarily determinative to an investment decision. Therefore, the Fund’s portfolio manager may still invest in securities of issuers that may be viewed as having a high ESG risk profile. The ESG factors considered by the Fund’s portfolio manager may change over time,one or more factors may not be relevant with respect to all issuers eligible for investment and ESG considerations may not be applied to each issuer or Fund investment.
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ODVNX - Performance

Return Ranking - Trailing

Period ODVNX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -13.8% 34.5% 94.14%
1 Yr -0.5% -12.4% 31.9% 94.14%
3 Yr -6.2%* -11.1% 10.5% 81.54%
5 Yr -2.4%* -6.5% 10.4% 95.11%
10 Yr 1.8%* -1.7% 8.5% 88.44%

* Annualized

Return Ranking - Calendar

Period ODVNX Return Category Return Low Category Return High Rank in Category (%)
2023 10.5% -6.5% 35.5% 30.24%
2022 -25.5% -50.1% -2.4% 60.97%
2021 -12.3% -33.1% 22.5% 80.81%
2020 16.9% -22.1% 80.1% 46.66%
2019 21.2% -0.7% 42.0% 32.77%

Total Return Ranking - Trailing

Period ODVNX Return Category Return Low Category Return High Rank in Category (%)
YTD -0.5% -13.8% 34.5% 94.14%
1 Yr -0.5% -12.4% 31.9% 94.14%
3 Yr -6.2%* -11.1% 10.5% 81.54%
5 Yr -2.4%* -6.5% 10.4% 95.11%
10 Yr 1.8%* -1.7% 8.5% 88.44%

* Annualized

Total Return Ranking - Calendar

Period ODVNX Return Category Return Low Category Return High Rank in Category (%)
2023 10.8% -1.0% 42.0% 51.78%
2022 -25.3% -42.2% 1.9% 69.96%
2021 -7.7% -32.5% 33.1% 87.05%
2020 16.9% -20.0% 81.6% 56.61%
2019 23.7% 2.3% 42.0% 32.60%

NAV & Total Return History

ODVNX - Holdings

Concentration Analysis

ODVNX Category Low Category High ODVNX % Rank
Net Assets 22.2 B 682 K 111 B 4.27%
Number of Holdings 80 9 7500 63.82%
Net Assets in Top 10 9.28 B 290 K 23.8 B 4.13%
Weighting of Top 10 45.36% 2.9% 101.1% 10.98%

Top 10 Holdings

  1. Taiwan Semiconductor Manufacturing Co. Ltd. 10.25%
  2. Samsung Electronics Co., Ltd. 5.55%
  3. Tencent Holdings Ltd. 4.99%
  4. Kotak Mahindra Bank Ltd. 4.98%
  5. H World Group Ltd., ADR 3.98%
  6. Invesco Treasury Portfolio, Institutional Class 3.49%
  7. Fomento Economico Mexicano, S.A.B. de C.V., Series CPO 3.20%
  8. Tata Consultancy Services Ltd. 3.18%
  9. Grupo Mexico, S.A.B. de C.V., Class B 3.09%
  10. HDFC Bank Ltd. 2.66%

Asset Allocation

Weighting Return Low Return High ODVNX % Rank
Stocks 		92.39% 0.00% 105.03% 90.60%
Cash 		5.36% -2.03% 98.08% 5.70%
Preferred Stocks 		2.35% 0.00% 12.87% 14.96%
Other 		0.00% -1.11% 39.53% 47.29%
Convertible Bonds 		0.00% 0.00% 7.40% 32.42%
Bonds 		0.00% 0.00% 95.13% 37.46%

Stock Sector Breakdown

Weighting Return Low Return High ODVNX % Rank
Financial Services 		23.25% 0.00% 48.86% 35.93%
Technology 		20.00% 0.00% 47.50% 68.40%
Consumer Cyclical 		18.19% 0.00% 48.94% 10.53%
Communication Services 		10.45% 0.00% 39.29% 33.91%
Consumer Defense 		8.82% 0.00% 25.90% 21.50%
Basic Materials 		7.27% 0.00% 30.03% 62.34%
Healthcare 		6.36% 0.00% 16.53% 20.78%
Industrials 		3.50% 0.00% 43.53% 83.26%
Real Estate 		2.15% 0.00% 17.15% 33.48%
Utilities 		0.00% 0.00% 39.12% 79.22%
Energy 		0.00% 0.00% 24.80% 90.19%

Stock Geographic Breakdown

Weighting Return Low Return High ODVNX % Rank
Non US 		76.70% 0.00% 100.52% 80.91%
US 		15.69% 0.00% 100.95% 28.77%

ODVNX - Expenses

Operational Fees

ODVNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.51% 0.03% 29.98% 37.86%
Management Fee 0.77% 0.00% 2.00% 34.38%
12b-1 Fee 0.50% 0.00% 1.00% 65.10%
Administrative Fee N/A 0.01% 0.85% N/A

Sales Fees

ODVNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 3.50% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

ODVNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

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.

ODVNX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 189.00% 19.27%

ODVNX - Distributions

Dividend Yield Analysis

ODVNX Category Low Category High ODVNX % Rank
Dividend Yield 0.29% 0.00% 9.74% 87.61%

Dividend Distribution Analysis

ODVNX Category Low Category High Category Mod
Dividend Distribution Frequency Annual Annual Annual Annual

Net Income Ratio Analysis

ODVNX Category Low Category High ODVNX % Rank
Net Income Ratio -0.05% -1.98% 17.62% 78.11%

Capital Gain Distribution Analysis

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

Distributions History

View More +

ODVNX - Fund Manager Analysis

Managers

Justin Leverenz

Start Date

Tenure

Tenure Rank

May 01, 2007

15.09

15.1%

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 Category High Category Average Category Mode
0.09 33.71 6.68 13.42

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