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Emerging Markets Innovators

Overview

The Strategy typically invests in smaller and mid-cap emerging and developing market stocks.

Strategy Inception Date
June 30, 2014
Composite Inception Date
August 31, 2014
Composite AUM
(as of 11/30/2018)
$1.20 BN
Composite Benchmark
MSCI Emerging Markets Mid Cap Index
Available Vehicles
Separate Account
Commingled Vehicle
Performance
Average Annual Returns
Cumulative Returns
Calendar Year Returns
as of 11/30/2018
as of 09/30/2018

Cumulative
Annualized
1 mo 3 mo ytd as of 2018-09-30
1 yr 3 yr since inception
Emerging Markets Innovators (gross of fees)
-2.99% -7.73% -11.91% -4.56% 10.15% 2.27%
Emerging Markets Innovators (net of fees)
-3.07% -7.96% -12.55% -5.48% 9.11% 1.29%
MSCI Emerging Markets Mid Cap Index
-1.54% -2.65% -8.71% -1.83% 8.94% -0.21%
Cumulative
Annualized
1 mo 3 mo ytd as of 2018-11-30
1 yr 3 yr since inception
Emerging Markets Innovators (gross of fees)
5.17% -10.15% -18.40% -14.97% 5.79% 0.35%
Emerging Markets Innovators (net of fees)
5.09% -10.37% -19.13% -15.79% 4.78% -0.61%
MSCI Emerging Markets Mid Cap Index
5.58% -5.29% -12.19% -7.26% 6.73% -1.12%

OFI Global's Emerging Markets Innovators Composite includes every fully representative portfolio managed in the strategy. Certain securities may constitute a significant portion of the portfolio resulting in security and sector weightings that may differ from those of the benchmark index.


Year Emerging Markets Innovators (gross of fees) Emerging Markets Innovators (net of fees) MSCI Emerging Markets Mid Cap Index
2015 -4.26% -5.18% -13.21%
2016 0.73% -0.23% 4.84%
2017 43.29% 41.96% 35.14%

OFI Global's Emerging Markets Innovators Composite includes every fully representative portfolio managed in the strategy. Certain securities may constitute a significant portion of the portfolio resulting in security and sector weightings that may differ from those of the benchmark index.


Date Emerging Markets Innovators (gross of fees) Emerging Markets Innovators (net of fees) MSCI Emerging Markets Mid Cap Index
11/30/2015 0.00 0.00 0.00
12/31/2015 0.53 0.45 -2.26
1/31/2016 -3.36 -3.52 -8.00
2/29/2016 -6.01 -6.24 -8.72
3/31/2016 0.79 0.47 2.85
4/30/2016 2.00 1.59 4.09
5/31/2016 1.23 0.75 -0.36
6/30/2016 3.41 2.83 2.75
7/31/2016 6.43 5.75 8.98
8/31/2016 8.20 7.43 9.57
9/30/2016 10.40 9.53 10.22
10/31/2016 8.86 7.91 9.76
11/30/2016 1.27 0.30 3.17
12/31/2016 1.27 0.22 2.47
1/31/2017 6.49 5.31 8.10
2/28/2017 9.06 7.77 12.25
3/31/2017 14.71 13.26 15.41
4/30/2017 21.02 19.40 17.92
5/31/2017 21.19 19.47 20.95
6/30/2017 23.04 21.20 21.12
7/31/2017 29.56 27.53 27.21
8/31/2017 32.96 30.77 29.62
9/30/2017 33.94 31.63 28.77
10/31/2017 35.31 32.87 30.65
11/30/2017 39.25 36.63 31.11
12/31/2017 45.11 42.27 38.48
1/31/2018 53.18 50.07 47.69
2/28/2018 50.86 47.69 40.95
3/31/2018 53.26 49.92 40.77
4/30/2018 49.28 45.90 40.62
5/31/2018 44.37 40.98 37.55
6/30/2018 38.55 35.19 29.85
7/31/2018 36.62 33.20 31.12
8/31/2018 31.77 28.36 28.39
9/30/2018 27.83 24.42 26.42
10/31/2018 12.58 9.48 15.16
11/30/2018 18.40 15.05 21.59

OFI Global's Emerging Markets Innovators Composite includes every fully representative portfolio managed in the strategy. Certain securities may constitute a significant portion of the portfolio resulting in security and sector weightings that may differ from those of the benchmark index.

Portfolio

Top Issuers

(35.3% of assets as of 11/30/2018)


Portfolio Holdings Breakdown

Country
Developed Markets
Emerging Markets
Equity Sector
Industry
Asset Allocation
Market Cap 4
Country Emerging Markets Innovators MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Taiwan 16.3% 14.3% 2.0%
China 15.0% 13.9% 1.1%
South Korea 12.9% 17.7% -4.8%
India 12.0% 9.1% 2.9%
Brazil 5.6% 11.5% -6.0%
South Africa 5.5% 8.8% -3.3%
Hong Kong 2.7% - -
Mexico 2.6% 3.2% -0.6%
Argentina 2.6% - -
Thailand 2.4% 2.5% -0.1%
Malaysia 1.9% 3.8% -1.9%
Indonesia 1.8% 1.7% 0.1%
United Kingdom 1.6% - -
Philippines 1.5% 1.8% -0.2%
Egypt 0.9% 0.2% 0.6%
United States 0.9% - -
Greece 0.9% 1.6% -0.6%
Kenya 0.8% - -
Hungary 0.7% 0.4% 0.3%
Poland 0.7% 2.3% -1.5%
Developed Markets Emerging Markets Innovators MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Asia Pacific 3.4% - -
Europe 1.6% - -
Americas 0.9% - -
Emerging Markets Emerging Markets Innovators MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Asia Pacific 64.5% 65.1% -0.5%
Americas 11.7% 16.7% -5.1%
Africa 7.2% 9.1% -1.9%
Europe 3.7% 7.2% -3.5%
Middle East 0.1% 1.9% -1.8%
Equity Sector Emerging Markets Innovators MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Consumer Discretionary 23.6% 11.1% 12.4%
Information Technology 17.2% 9.2% 8.0%
Health Care 15.2% 8.7% 6.5%
Financials 13.2% 14.5% -1.3%
Industrials 8.9% 16.7% -7.8%
Consumer Staples 7.6% 9.1% -1.5%
Communication Services 3.2% 5.6% -2.4%
Materials 3.1% 10.5% -7.4%
Real Estate 1.1% 7.0% -5.9%
Industry Emerging Markets Innovators MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Biotechnology 8.5% 1.7% 6.8%
Semiconductors & Semiconductor Equipment 6.3% 2.9% 3.3%
Banks 6.0% 5.2% 0.8%
Specialty Retail 5.6% 2.5% 3.2%
Hotels Restaurants & Leisure 4.5% 1.0% 3.5%
Diversified Consumer Services 4.1% - -
Software 4.1% 0.6% 3.6%
Food & Staples Retailing 4.0% 2.9% 1.0%
Health Care Providers & Services 3.6% 1.2% 2.5%
IT Services 3.6% 0.3% 3.3%
Consumer Finance 3.3% 0.9% 2.5%
Auto Components 3.3% 1.0% 2.4%
Electronic Equipment Instruments & Components 3.1% 3.2% 0.0%
Personal Products 3.0% 0.7% 2.3%
Textiles Apparel & Luxury Goods 2.9% 2.0% 0.8%
Life Sciences Tools & Services 2.5% 0.2% 2.3%
Internet & Direct Marketing Retail 2.1% 0.5% 1.5%
Construction Materials 2.1% 1.9% 0.2%
Machinery 2.1% 3.1% -0.9%
Interactive Media & Services 1.7% 1.3% 0.4%
Asset Allocation Emerging Markets Innovators MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Equity 93.0% 100.0% -7.0%
Net Cash and Equivalents 7.0% - -
Market Cap Emerging Markets Innovators MSCI Emerging Markets Mid Cap Index Overweight / Underweight
Mid 54.1% 42.6% 11.5%
Large 28.8% 51.2% -22.4%
Small 10.2% 6.2% 3.9%
Analytics
(As of 11/30/2018)

Performance Statistics
3Y
Alpha
0.21
Beta
0.82
Information Ratio
-0.13
R-Squared
76.25
Sharpe Ratio
0.40
Standard Deviation
13.78
Upside Capture
91.33
Downside Capture
93.64
Sortino Ratio
0.57
Win Ratio
44.00
Loss Ratio
56.00
Margin of Outperformance
1.87
Margin of Underperformance
-1.65
Tracking Error
7.28
Portfolio Characteristics
Rep Portfolio
Composite Benchmark
Average Market Cap (weighted)
$3.73 B
$3.85 B
Median Market Cap (weighted)
$2.32 B
$3.59 B
P/E Ratio (LTM)
22.70
14.73
P/E Ratio (NTM)
17.23
11.91
Price/Book
3.66
1.64
Return on Equity
19.38%
13.70%
Turnover Ratio
24%
-

    The Composite gross-of-fee returns reflect the reinvestment of income and the impact of transaction costs, but do not include the deduction of investment advisory fees, distribution expenses or any other account expenses, such as custodial fees. Composite net-of-fee returns are calculated by deducting a model investment advisory fee (using the maximum investment advisory fee as determined by the product's fee schedule) from the Composite gross-of-fee returns. Annual fees for the Emerging Markets Innovators product are 1.00% on the first $50 million under management, 0.95% on the next $50 million, and 0.90% on any additional amount. Actual fees may vary depending on, among other things, the vehicle type, applicable fee schedule and portfolio size. While actual portfolios incur transaction expenses, pay investment advisory fees, and may incur other account expenses, the benchmark index is shown without the impact of such charges.

  1. 1. Holdings are subject to change and are dollar-weighted based on assets.
  2. 2. The mention of specific companies does not constitute a recommendation on behalf of OFI Global.
  3. 3. The holdings information shown above is derived from a representative account deemed to appropriately represent this management style. The specific securities identified are not representative of all of the securities purchased, sold or recommended for advisory clients. It should not be assumed that an investment in the securities identified was or will be profitable. Actual holdings will vary for each client and there is no guarantee that a particular client's account will hold any or all of the securities listed.
  4. 4. Holdings are subject to change, are dollar-weighted based on assets, and may not reflect the use of leverage in the Fund. Market Cap breakdown is calculated using Morningstar's methodology and those capitalization standards may not align with those in the Fund's prospectus.
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