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Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund’s share prices can fall. May invest
up to 35% in below-investment-grade (“high yield” or “junk”) bonds, which are more at risk of default and are subject to liquidity risk. Asset-backed securities
are subject to prepayment risk. Mortgage-backed securities are subject to prepayment risk. Mortgage bonds are susceptible to risks such as default and
prepayment of principal and are taxable at the state and federal levels. The timely payment of interest and principal on U.S. Treasury securities is guaranteed
by the U.S. Government and interest in those securities is only taxable at the federal level. The government guarantee does not eliminate market risk, however,
because it does not cover any decrease in the market value of U.S. Treasury securities. It is important to note that longer maturity bonds have greater volatility
and risk when compared to shorter maturity bonds. Derivative instruments, whose values depend on the performance of an underlying security, asset, interest
rate, index or currency, entail potentially higher volatility and risk of loss compared to traditional stock or bond investments. Foreign investments may be
volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks. Emerging and developing
market investments may be especially volatile.
For each fund with at least a 3-year history, Morningstar calculates a Morningstar Rating based on a Morningstar Risk-Adjusted Return measure that accounts
for variation in a fund’s monthly performance (including the e;ects of sales charges, loads and redemption fees), placing more emphasis on downward
variations and rewarding consistent performance. The top 10% of funds in each category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive
3 stars, the next 22.5% receive 2 stars and the bottom 10% receive 1 star with some adjustments for multiple share class portfolios. The Overall Morningstar
Rating for a fund is derived from a weighted average of the performance figures associated with its 3-, 5- and 10-year (if applicable) Morningstar
Rating Metrics. For the 3-, 5- and 10-year periods, respectively, the Oppenheimer Limited-Term Bond Fund was rated 4, 5 and 5 stars among 428, 362 and
257 funds in the Short-Term Bond category for the time period ended 9/30/14. Rating is for the Y share class only and rating may include more than one share
class of funds in the category, including other share classes of this Fund. Different share classes may have different expenses, performance
characteristics and Morningstar Ratings. Ratings are relative peer group ratings and do not necessarily mean that the fund had high total returns.
Past performance does not guarantee future results.
Class Y shares are not available to all investors. Please consult your financial advisor to determine if you are eligible to purchase Class Y shares.
Carefully consider fund investment objectives, risks, charges and expenses. Visit oppenheimerfunds.com,
call your advisor or 1.800.225.5677 (CALL.OPP) for a prospectus with this and other fund information.
Read it carefully before investing.
©2015 OppenheimerFunds Distributor, Inc.
Extensive management experience. Boring. Broad
sector diversification. Boring. A disciplined, rigorous
investment process. Boring, boring, boring. If you’re
looking for excitement every time you open your bond
fund statement, then you won’t find it here. Instead
you’ll get high-quality short-term securities that seek
competitive returns. Which in times of volatility is all the
excitement a diversified portfolio needs.
OPPENHEIMER LIMITED;TERM BOND FUND (OUSYX)
Morningstar Rating™ (Among 428 Short-Term Bond Funds).
Overall rating of Class Y shares for the 3-, 5- and 10-year periods
ended 9/30/14 based on risk-adjusted performance.
Boring is the new