Address And Details

P. O. Box 219078 , Kansas City, MO 64121
Fund Manager Justin Leverenz
Manager Tenure 14 Years 4 Months

Strategy And Objective

The Fund s investment objective is to seek capital appreciation. 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 with above-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, 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. 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. 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. 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, and capital structure, operations, product development, and competitive position in its industry. The portfolio manager also looks for newer or established businesses that 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.

Net Asset Value

as of 5:17 PM ET 09/24/2021

Performance

  • 1 Week
  • +0.28%
  • 1 Month
  • +2.02%
  • 3 Months
  • -7.34%
  • 1 Yr Return
  • +19.75%
  • 5 Yr Return
  • +54.83%

Equity Sector Breakdown

Technology 18.91%
Finance 12.96%
RetailTrade 10.36%
NonDurables 9.42%
IndustrialCyclical 7.53%
ConsumerDurables 6.69%
Services 5.20%
Health 3.73%
Energy 3.29%
Utilities 0.08%

Asset Allocation

Asset Type % Of Allocation
Stocks 91.02%
ForeignStocks 85.00%
Preferred 5.52%
Cash 0.00%
Bonds 0.00%
Convertible 0.00%
Other 0.00%
ForeignBonds 0.00%
ForeignHedged 0.00%
Total Net Assets 4.59 B

Risk Measures

Criteria 3 Years 5 Years 10 Years
Alpha -4.64 -3.00 -8.20
Beta 0.84 0.80 0.97
R Squared 0.68 0.56 0.61
Std Deviation 19.02 16.14 16.62
Sharpe Ratio 0.54 0.68 n/a

Purchase Information

as of 5:41 PM ET 09/23/2021
Minimum Initial $1000
Minimum Additional $50
Minimum Initial IRA $250

Performance

Timeframe Average Annual Current Performance Monthly As Of 08/31/2021 Average Annual Current Performance Quarterly As Of 06/30/2021 Avg Annual Current Performance Monthly As Of 08/31/2021 Avg Annual Current Performance Quarterly As Of 06/30/2021
1 Year
  • +15.57%
  • +36.81%
+15.57% +36.81%
3 Year
  • +9.56%
  • +11.22%
+9.56% +11.22%
10 Year
  • +5.84%
  • +5.70%
+5.84% +5.70%
Life Of Fund
  • +11.53%
  • +11.93%
+11.53% +11.93%

Top 10 Holdings

Symbol Company Name % Of Assets
TSM TAIWAN SEMICONDUCTOR MANUFACT 7.74%
0700.HK TENCENT HOLDINGS LTD 6.72%
HDFC.NS HOUSING DEVELOPMENT FINANCE 4.42%
PPRUY KERING SA ADR 4.11%
1299.HK AIA GROUP LTD 3.74%
HTHT HUAZHU GROUP LTD 3.59%
YUMC YUM CHINA HOLDINGS INC 3.32%
NVTK NOVATEK GDR 3.29%
KTKM.NS KOTAK MAHINDRA BANK LTD 3.06%
YNDX YANDEX NV 2.85%

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