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A Brief Look into Oppenheimer Developing Markets Y Fund (ODVYX)

Zacks Equity Research
Updated

Oppenheimer Developing Markets Y (ODVYX) a Zacks Rank #1 (Strong Buy) seeks capital appreciation. ODVYX invests mainly in common stocks of issuers in emerging and developing markets throughout the world. ODVYX invests at least 80% of its net assets in equity securities of issuers whose principal activities are in at least three developing markets. ODVYX may invest up to 100% of its total assets in foreign securities. ODVYX was incepted in November 1996 and is managed by Oppenheimer Funds Group.

Oppenheimer Developing Markets Y, managed by Oppenheimer, carries an expense ratio of 1.08%. Moreover, ODVYX requires a minimal initial investment of $0.

ODVYX has a history of positive total returns for over 10 years. Specifically, the fund’s returns over the 1 and 5 year benchmarks; 1 year 8.49% and 5 year 2.60%. To see how this fund performed compared in its category and other #1 and #2 Ranked Mutual Funds, please click here.

ODVYX’s performance, as of the last filing, when compared to funds in its category was in the top 16% in 1 year, top 68% over the past 3 years, and in the 73% over the past 5 years.

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This fund, as of the last filing, allocates their fund in three major groups; Emerging Market, Small Growth and Foreign Stock. Further, as of the last filing, Tencent Holdings, Housing Development Finance Corporation and Alibaba were the top holdings for ODVYX.

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