Fund Facts  

Inception Date: Nov 18, 1996
Ticker Symbol: ODMAX
Morningstar Category:Diversified Emerging Mkts
As of Mar 31, 2014
Fund Net Assets ($millions) $39,299

Documents for Fund or Underlying Fund(s)  

Description

Objective  

The investment seeks capital appreciation.

Principal Investment Strategies  

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, it 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. The fund will invest in at least three developing markets.

Principal Investment Risks  

There is no guarantee that the Fund will achieve its investment objective. You may lose money by investing in the Fund. Please see the Risk Glossary for additional information about the Fund’s risks.

 

Performance & Expenses

Standard Performance As of Mar 31, 2016
Fund/Benchmark Name QtrYTD1-Yr3-Yr5-Yr10-YrSince Inception
Oppenheimer Developing Marketsa2.99%2.99%-10.28%-3.03%-1.86%5.08%11.64%
MSCI Emerging Markets Index (Net)a,b5.71%5.71%-12.03%-4.50%-4.13%3.02%N/A
Morningstar Diversified Emerging Mktsa,c3.87%3.87%-11.44%-4.50%-3.84%2.43%N/A

Fund past performance, as shown, is no guarantee of how the fund will perform in the future. The performance shown has been annualized for periods greater than one year. Investment returns and principal value will fluctuate, so that an investor's shares, when redeemed, may be worth more or less than their original cost. For current performance, visit www.icmarc.org.

Fund performance is shown comparing it to a "benchmark" which may be a (i) broad-based securities market index (ii) a group of mutual funds with similar investment objectives, or (iii) a short term government backed debt obligation such as a U.S. Treasury Bill. An index is not available for direct investment, is unmanaged, and does not reflect the costs of portfolio management or trading. A fund's portfolio may differ from the securities held in an index.

Annual Fund Operating Expenses
Total annual fund operating expensesa1.31%
Fee waiver and/or expense reimbursement0.01%
Total expenses1.30%

A contractual expense waiver exists for this fund and will expire on 10-28-2016.

 

a. Returns and/or expenses provided by Morningstar, Inc. Copyright © 2016. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. ICMA-RC does not independently verify Morningstar data.

b. The MSCI Emerging Markets Index (Net) is a free float-adjusted market capitalization index of equity securities that is designed to measure the equity market performance of emerging markets. The net version of this index reinvests dividends after the deduction of withholding taxes, using a tax rate applicable to non-resident institutional investors who do not benefit from double taxation treaties.

c. The Morningstar Category Average is the equal-weighted average return of all funds per category, as identified by Morningstar, Inc.

Distributions

Dividends and Capital Gains  
Record Date Ex/Payable Date Income/Capital Gains Paid Per Share
Dec 2, 2015Dec 2, 2015$0.129350000
Dec 5, 2014Dec 5, 2014$0.699570000
Dec 6, 2013Dec 6, 2013$0.195550000
Dec 7, 2012Dec 7, 2012$0.138420000
Dec 9, 2011Dec 9, 2011$0.560900000
 

Morningstar Information

Morningstar Rating   As of Mar 31, 2014
Period Stars Category Size
Overall 5 Stars591
3-Year 4 Stars591
5-Year 4 Stars410
10-Year 5 Stars179

For each fund with at least a three-year history, Morningstar calculates a Morningstar Rating™ based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance (including the effects of sales charges, loads, fee waivers, and redemption fees), placing more emphasis on downward variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star. The Overall Morningstar Rating for a fund is derived from a weighted average of the performance figures associated with its three-, five- and ten-year (if applicable) Morningstar Rating metrics. For funds with loads, the Morningstar rating on a load-waived basis is provided, when available. Load-waived ratings do not include any front- or back-end sales loads and are intended for investors that have access to such purchase terms. Funds with loads are waived for plans administered by ICMA-RC. Past performance is no guarantee of future results.

Morningstar Stylebox As of Mar 31, 2014
Equity Stylebox
Large Growth
Allocation of Assets As of Feb 28, 2014
Type of Asset Percent
Equity93%
Fixed Income2%
Cash/Other6%

Due to rounding, percentages shown may not add up to 100%.

 
 

Characteristics

Allocation of Assets As of Feb 28, 2014
Asset ClassPercent
Domestic Stock0.8%
Foreign Stock91.8%
Domestic Bond0.0%
Foreign Bond0.0%
Preferred1.8%
Convertible0.0%
Cash5.5%
Other0.0%

Due to rounding, percentages shown may not add up to 100%.

 
Equity Sector As of Feb 28, 2014
SectorPercent
Consumer Defensive19.7%
Technology17.9%
Consumer Cyclical15.1%
Financial Services13.0%
Energy7.5%
Basic Materials4.9%
Industrials4.3%
Real Estate3.8%
Communication Services3.5%
Healthcare3.0%

Exposure reflects equity securities only and will sum to the equity exposure of the fund.

 
Top Ten Country Exposure As of Feb 28, 2014
CountryPercent
China17.9%
India12.3%
Brazil9.7%
Russia7.2%
United Kingdom7.2%
Mexico5.0%
Hong Kong4.3%
Indonesia2.7%
Turkey2.7%
France2.4%
Top Ten Holdings As of Feb 28, 2014
Holding NamePercent
Baidu, Inc. ADR4.9%
Tencent Holdings Ltd.3.7%
OAO Novatek GDR2.5%
Infosys Ltd2.3%
Yandex NV2.2%
Housing Development Finance Corp Ltd.2.2%
Taiwan Semiconductor Manufacturing Co Ltd2.0%
OJSC Magnit2.0%
Carlsberg AS1.9%
Glencore Xstrata PLC1.9%
 

Statistics

Portfolio Statistics As of Mar 31, 2014
Statistic3-Year5-Year
Beta0.890.95
Alpha4.475.04
Standard Deviation17.9620.99
 
 

Footnotes

1.

Please read the fund's prospectus carefully for a complete summary of all fees, expenses, investment objectives and strategies, risks, financial highlights, and performance information. Investing involves risk, including possible loss of the amount invested. Investors should carefully consider the information contained in the prospectus before investing. You may contact us to obtain a prospectus or to answer questions by calling 800-669-7400, emailing investorservices@icmarc.org, or visiting www.icmarc.org.

The source for this information is Morningstar, Inc. Copyright © 2016 Morningstar, Inc.® All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Morningstar, Inc. is a global investment research firm that is not affiliated with ICMA-RC. ICMA-RC does not independently verify Morningstar data.

Morningstar places funds in certain categories based on the fund's historical portfolio holdings. Placement of a fund in a particular Morningstar category does not mean that the fund will remain in that category or that it will invest primarily in securities consistent with its Morningstar category. A fund's investment strategy and portfolio holdings are governed by its prospectus, guidelines or other governing documents, not its Morningstar category.