OppenheimerFunds Receives 21 Lipper Fund Awards

NEW YORK, March 27, 2017 /PRNewswire/ -- OppenheimerFunds, a leading global asset manager, today announced that 21 of its funds earned 2017 Lipper Fund Awards, in four asset classes. The Lipper Awards honor funds that have delivered consistently strong risk-adjusted performance relative to peers.¹ The awards highlight OppenheimerFunds' expertise in the Emerging Markets, International Small/Mid-Cap, Municipal Bond and Senior Loans asset classes.

"These awards underscore the strength of our portfolio management talent and the depth of our investment bench," said Krishna Memani, Chief Investment Officer at OppenheimerFunds. "We can be proud of our long term focus and investment rigor across asset classes in 2016."

Oppenheimer funds that received 2017 Lipper Awards on the basis of returns for the three-, five-, or 10-year period ended Nov. 30, 2016, included:

• Oppenheimer Developing Markets Fund (ODVYX) Y shares were named best-in-class among 168 Emerging Markets Funds for the 10-year period ended Nov. 20, 2016.
  Justin Leverenz, Lead Portfolio Manager
  
  
• Oppenheimer International Small-Mid Company Fund (OSCIX) I shares were named best-in-class among 143 International Small/Mid-Cap Growth Funds for the three-year period ended Nov. 20, 2016. (OSMYX) Y shares were named best-in-class among 124 International Small/Mid-Cap Growth Funds for the five-year period ended Nov. 20, 2016.
  Rezo Kanovich, Portfolio Manager
  
  
• Oppenheimer Rochester Short Term Municipal Fund (ORSYX) Y shares were named best-in-class among 91 & 79 Short Municipal Debt Funds for the three- and five-year period, respectively, ended Nov. 20, 2016.
  Scott Cottier, Co-Team Leader, Portfolio Manager
  Troy Willis, Co-Team Leader, Portfolio Manager
  
  
• Oppenheimer Rochester AMT-Free New York Municipal Fund (OMFYX) Y shares were named best-in-class among 91 New York Municipal Debt Funds for the three period ended Nov. 20, 2016.
  Scott Cottier, Co-Team Leader, Portfolio Manager
  Troy Willis, Co-Team Leader, Portfolio Manager
  
  
• Oppenheimer Rochester High Yield Municipal Fund (ORNYX) Y shares were named best-in-class among 129 High Yield Municipal Debt Funds for the three-year period ended Nov. 20, 2016.
  Scott Cottier, Co-Team Leader, Portfolio Manager
  Troy Willis, Co-Team Leader, Portfolio Manager
  
  
• Oppenheimer Senior Floating Rate Fund (OOSYX) Y shares were named best-in-class among 55 Loan Participation Funds for the 10-year period ended Nov. 20, 2016.
  Joseph Welsh, Lead Portfolio Manager

Several additional Rochester Funds received Awards. Visit Lipper to view the complete list.

OppenheimerFunds' Rochester franchise, with $25 billion in AUM, was ranked #1 by Barron's in Tax Exempt Bonds for 2016.

Y and I shares are not available to all investors, see the prospectus for details.

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 $222 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of February 28, 2017.

Founded in 1959, OppenheimerFunds is an asset manager with a history of providing innovative strategies to its investors. The firm's 15 investment management teams specialize in equity, fixed income, alternative, multi-asset, and revenue-weighted-ETF strategies, including ESG. 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. For more information on the firm, visit oppenheimerfunds.com.

Fixed income investing entails credit risks and interest rate risks. When interest rates rise, bond prices generally fall, and the fund's share price can fall. Below investment grade ("high yield" or "junk") bonds are more at risk of default than other bond investments and are subject to liquidity risk. A portion of a municipal bond fund's distributions may invest substantially in Puerto Rico and other U.S. territories, commonwealths and possessions, and could be exposed to their local political and economic conditions. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes, regulatory and geopolitical risks. Senior loans are typically lower-rated and may be illiquid investments (which may not have a ready market). The Fund may invest without limit in below-investment-grade securities.

Shares of mutual 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.

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

© 2017 OppenheimerFunds Distributor, Inc. All rights reserved.

SOURCE OppenheimerFunds, Inc.

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