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How is Oppenheimer Developing Markets Y Fund (ODVYX) Performing?

Oppenheimer Developing Markets Y (ODVYX) a Zacks Ranked #2 (Buy) was incepted in November 1996 and is managed by Oppenheimer Funds Group. The objective of ODVYX is to seek 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.

This Non US-Equity product, as of the last filing, allocates their fund in three major groups; Emerging Market, High Yield Bond and Large Growth. Further, as of the last filing, Tencent Holdings Limited, Housing Development Finance Corporation Limited and Alibaba Group Holding Limited were the top holdings for ODVYX.

Oppenheimer Developing Markets Y, managed by Oppenheimer, carries an expense ratio of 1.06%. Moreover, ODVYX requires a minimal initial investment of $0.

ODVYX has a history of positive total returns for over 10 years. To see how this fund performed compared in its category, please click here.

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ODVYX’s performance, as of the last filing, when compared to funds in its category was in the top 77% in 1 year, top 75% over the past 3 years, and in the 75% over the past 5 years.

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