All posts from Zacks
Zacks in Our Research. Your Success.,

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.

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.

Zacks Premium

To see the Zacks Mutual Fund Rank for the funds you’re interested in —plus, gain access to the Zacks Rank for your stocks and ETFs; Premium Screens; Equity Research Reports; Focus List portfolio of 50-longer-term stocks and more— start your 30-day free trial to Zacks Premium.

View All Zacks #1 Ranked Mutual Funds
Want the latest recommendations from Zacks Investment Research? Today, you can download 7 Best Stocks for the Next 30 Days. Click to get this free report
Get Your Free (ODVYX): Fund Analysis Report
To read this article on click here.
Zacks Investment Research