OppenheimerFunds Named Best-in-Class by Lipper in 10 Categories

NEW YORK, March 23, 2016 /PRNewswire/ -- OppenheimerFunds, a leading global asset manager, today announced that eight of its funds earned 2016 Lipper Fund Awards in ten categories. The Lipper Awards honor funds that have delivered consistently strong risk-adjusted performance relative to peers.¹ The awards highlight OppenheimerFunds' expertise in the domestic debt, global equity, and municipal bond asset classes.

"These awards recognize the strength of our portfolio managers and the entire investment team," said Krishna Memani, Chief Investment Officer at OppenheimerFunds. "Our long-term, high-conviction investment approach continues to serve clients well and distinguish our company among global asset managers."

Lipper awarded the following Oppenheimer funds on the basis of returns for the three-, five-, or 10-year period ended Nov. 30, 2015, as indicated:

Domestic Debt

• Oppenheimer Corporate Bond Fund (OFIYX) Y shares were named best-in-class among 164 Core Plus Bond Funds for the five-year period ended Nov. 30, 2015.

Global Equity

• Oppenheimer Global Opportunities Fund (OGIIX) I shares were named best-in-class among 123 Global Small/Mid-Cap Funds for the three-year period ended Nov. 30, 2015.
• Oppenheimer International Growth Fund (OIGYX) Y shares were named best-in-class among 182 International Multi-Cap Growth Funds for the 10-year period ended Nov. 30, 2015.
• Oppenheimer International Small-Mid Company Fund (OSMYX) Y shares were named best-in-class among 81 International Small/Mid-Cap Growth Funds for the 10-year period ended Nov. 30, 2015
• Oppenheimer International Small-Mid Company Fund (OSCIX) I shares were named best-in-class among 147 International Small/Mid-Cap Growth Funds for the three-year period ended Nov. 30, 2015.

Municipal Bond

• Oppenheimer Rochester AMT-Free Municipal Fund (OMFYX) Y shares were named best-in-class among 202 General & Insured Municipal Debt Funds for the five-year period ended Nov. 30, 2015.
• Oppenheimer Rochester Minnesota Municipal Fund (OPAMX) A shares were named best-in-class among 36 Minnesota Municipal Debt Funds for the five-year period ended Nov. 30, 2015.
• Oppenheimer Rochester Minnesota Municipal Fund (OPYMX) Y shares were named best-in-class among 38 Minnesota Municipal Debt Funds for the three-year period ended Nov. 30, 2015.
• Oppenheimer Rochester Ohio Municipal Fund (OROHX) A shares were named best-in-class among 29 Ohio Municipal Debt Funds for the five-year period ended Nov. 30, 2015.
• Oppenheimer Rochester Short-Term Municipal Fund (ORSYX) Y shares were named best-in-class among 81 Short Municipal Debt Funds for the three-year period ended Nov. 30, 2015.

About OppenheimerFunds

OppenheimerFunds, a leader in global asset management, is dedicated to providing solutions for its partners and end investors. OppenheimerFunds, including its subsidiaries, manages more than $203 billion in assets for over 13 million shareholder accounts, including sub-accounts, as of February 29, 2016.

Founded in 1959, OppenheimerFunds is a high conviction 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-weighted-ETF strategies. 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. For more information, visit oppenheimerfunds.com.

1 Lipper Awards are granted annually to the funds in each Lipper classification that achieve the highest score for Consistent Return, a measure of funds' historical risk-adjusted returns, measured in local currency, relative to peers. Winners are selected using the Lipper Leader rating for Consistent Return for funds with at least 36 months of performance history as of 11/30/15. Awards are presented for the highest Lipper Leader for Consistent Return within each eligible classification over 3, 5 or 10 years. Other share classes may have different performance and expense characteristics. Although Lipper makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, the accuracy is not guaranteed by Lipper. Lipper awards are not intended to predict future results. Past performance does not guarantee future results.

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.

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

© 2016 OppenheimerFunds Distributor, Inc.  All rights reserved.

SOURCE OppenheimerFunds