OppenheimerFunds Announces Senior Sustainable Investing Appointment

Art Steinmetz, Chairman and CEO of OppenheimerFunds, stated, "As investor demand for sustainable investing strategies continues to rise, expanding our ESG capabilities to further meet client needs remains an ongoing strategic priority for the firm."

Shah brings an extensive range of experience in the sustainable finance and investing space to OppenheimerFunds. For the last three years he served as Head of Financing for Sustainable Development for the United Nations Sustainable Development Solutions Network, where he was responsible for working with governments, investors, corporations and non-governmental organizations on ESG integration and sustainable development financing issues.

Before that, Shah was part of Investec Asset Management's Global Multi-Asset Investment team and was a senior member of the firm's Investment Institute. He has also served as Program Manager and Special Assistant to the Director at The Earth Institute at Columbia University. Shah currently is a Senior Fellow at the Columbia Center for Sustainable Investing and Chairman of the Board, Amnesty International USA.

"As sustainable investing continues to establish itself as a critical investing channel for a growing number of clients, developing a framework to implement sustainable practices throughout the firm has become increasingly important to our success in ESG," said French. "Aniket's depth of expertise, diverse global public and private sector background and extensive knowledge of sustainable investing dynamics will significantly advance our position with clients and better orient us for growth in sustainability going forward."

OppenheimerFunds is a signatory of The United Nations-supported Principles for Responsible Investment (UN PRI). The UN PRI is recognized as the world's leading network of asset managers and financial market participants committed to incorporating sustainable investment practices in the investment decision-making process.

In ESG, OppenheimerFunds provides investors with a variety of distinct active and beta strategies that provide both focused and broad-based exposure to US domestic and global sustainable investment opportunities.

• For equity exposure, the firm's ESG Revenue-Weighted ETFs focus on domestic large-cap and global large- and mid-cap equities with strong ESG practices.
• For fixed income, OppenheimerFunds' recent acquisition of SNW expanded the firm's ESG product set into high-quality municipal bonds. The SNW Impact Overlay provides fixed income portfolios in a customized, low-cost and tax-efficient way with a focus on impact investing opportunities related to the environment, education, housing, healthcare, social improvement, energy efficiency and infrastructure improvements, among others.

About OppenheimerFunds
OppenheimerFunds, Inc., a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $246 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of November 30, 2017.

Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm's 16 investment management teams specialize in equity, fixed income, alternative, multi-asset, and factor and revenue-weighted-ETF strategies, including ESG offerings, and is a signatory of the UN PRI. OppenheimerFunds and its subsidiaries offer a broad array of products and services to clients, who range from endowments and sovereigns to financial advisors and individual investors. OppenheimerFunds and certain of its subsidiaries provide advisory services to the Oppenheimer family of funds, and OFI Global Asset Management offers solutions to institutions. The firm is also active through its Philanthropy & Community initiative: 10,000 Kids by 2020, reaching children with introductions to math literacy programs.

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Shares of Oppenheimer funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested. The stocks of companies with favorable ESG practices may underperform the stock market as a whole.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com or calling 1.800.CALL OPP (225.5677). Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc.
225 Liberty Street, New York, NY 10281-1008
© 2017 OppenheimerFunds, Inc.  All rights reserved.

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