Invesco Developing Markets Fund Class R6
ODVIX
NASDAQ- -
USD
- -
- -
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- 4643 South Ulster Street Denver CO United States of America 80237
- IPO Date
- Dec 29, 2011
- CIK
- 0000775180
- Website
- invesco.com
- Similar Companies
- Business
- Invesco Developing Markets Fund Class R6 (ODVIX) is an open-end mutual fund that seeks long-term growth of capital by investing principally in equity securities of issuers in developing and emerging markets worldwide, including common stocks, derivatives, and other instruments with similar economic characteristics; under normal market conditions, the fund invests at least 80% of its net assets (plus borrowings for investment purposes) in such securities, with a focus on undervalued, cash-generative companies exhibiting strong balance sheets and sustainable business models across sectors like information technology, financials, consumer discretionary, communication services, and materials. The fund benchmarks its performance against the MSCI Emerging Markets Net Return USD Index and maintains a diversified portfolio, typically holding around 74 securities with top exposures to countries including China, Taiwan, South Korea, India, Brazil, and Mexico; top holdings as of September 30, 2025, include Taiwan Semiconductor Manufacturing Co. Ltd. (11.94%), Tencent Holdings Ltd. (8.18%), and Samsung Electronics Co. Ltd. (6.43%). Launched on December 29, 2011, as part of Invesco's suite of mutual funds domiciled in the United States and managed from Atlanta, Georgia headquarters (with the predecessor fund established in 1996), it targets institutional and qualified investors through its R6 share class, which features a net expense ratio of 0.88% and total assets exceeding $10 billion. In June 2025, the fund underwent a significant management change with the installation of a new portfolio management team—Charles Bond, Ian Hargreaves, Matthew Pigott, and William Lam—replacing the prior prominent manager due to performance track record, portfolio risk characteristics, and team resources, initiating a portfolio transformation that involved voluntary selling and contributed to heavy net outflows from redemptions. As announced in September 2025, this restructuring led to an expected capital gains distribution equivalent to roughly one-fourth of fund assets, primarily long-term gains payable on December 11, 2025, to shareholders of record on December 10, 2025, stemming from asset sales necessitated by outflows and portfolio repositioning. These operational shifts reflect Invesco's strategic emphasis on valuation-driven, contrarian investing in emerging markets amid ongoing volatility, with no recent acquisitions, partnerships, or new product launches reported for the fund itself.