OppenheimerFunds Receives 19 Best-in-Class 2012 Lipper Fund Awards

NEW YORK, March 9, 2012 /PRNewswire/ -- OppenheimerFunds, Inc., a leading investment management company, today announced that 19 of the firm's funds received a 2012 Lipper Award, recognizing each fund as Best-in-Class in its respective Lipper category.(1) The Company has won awards across various asset classes, demonstrating the success of its boutique investment expertise and talent. OppenheimerFunds' Global/International Funds and Rochester Municipal Bond Funds were highly represented.

"This year's wins are a major accomplishment for our fund managers and the entire OppenheimerFunds investment team," said Art Steinmetz, Chief Investment Officer of OppenheimerFunds.  "The Lipper recognitions demonstrate that our independent, high conviction investment approach have brought real value to our investors."

Lipper recognized the following OppenheimerFunds products as Best-in-Class in their respective categories, based on consistent return:

Domestic Debt

• Oppenheimer Limited-Term Government Fund (OLTYX) Y shares was named Best-in-Class among 75 Short U.S. Government Funds for the three-year period ended 12/31/11

Global Fixed Income

• Oppenheimer International Bond Fund (OIBAX) A shares was named Best-in-Class among 36 International Income Funds for the ten-year period ended 12/31/11

Global/International Equity

• Oppenheimer Developing Markets Fund (ODVYX) Y shares was named Best-in-Class among 208 Emerging Market Funds for the five-year period ended 12/31/11
• Oppenheimer Global Fund (OGLYX) Y shares was named Best-in-Class among 97 Global Large-Cap Core Funds for the three-year period ended 12/31/11
• Oppenheimer Global Value Fund (GLVYX) Y shares was named Best-in-Class among 100 Global Multi-Cap Core Funds for the three-year period ended 12/31/11
• Oppenheimer International Small Company Fund (OSMYX) Y shares was named Best-in-Class among 90 International Small/Mid-Cap Growth Funds for the three-year period ended 12/31/11

Global/International Multi-Cap Core

• Oppenheimer Equity Investor Fund (OYAIX) Y shares was named Best-in-Class among 60 Global Multi-Cap Core Funds for the five-year period ended 12/31/11
• Oppenheimer International Diversified Fund (OIDYX) Y shares was named Best-in Class among 140 International Multi-Cap Core Funds for the five-year period ended 12/31/11

Rochester Municipal Bond

• Oppenheimer California Municipal Fund (OPCAX) A shares was named Best-in-Class among 108 California Municipal Debt Funds for the three-year period ended 12/31/11
• Oppenheimer Limited Term Municipal Fund (OPITX) A shares was named Best-in Class among 33 Short-Intermediate Municipal Debt Funds for the three-year period ended 12/31/11
• Oppenheimer New Jersey Municipal Fund (ONJAX) A shares was named Best-in-Class among 46 New Jersey Municipal Debt Funds for the three-year period ended 12/31/11
• Oppenheimer Pennsylvania Municipal Fund (OPATX) A shares was named Best-in-Class among 57 Pennsylvania Municipal Debt Funds for the three-year period ended 12/31/11
• Oppenheimer Rochester Arizona Municipal Fund (ORAZX) A shares was named Best-in-Class among 30 Arizona Municipal Debt Funds for the three-year period ended 12/31/11
• Oppenheimer Rochester Fund Municipals (RMUYX) Y shares was named Best-in-Class among 82 New York Municipal Debt Funds for the three-year period ended 12/31/11
• Oppenheimer Rochester Maryland Municipal Fund (ORMDX) A shares was named Best-in-Class among 32 Maryland Municipal Debt Funds for the three-year period ended 12/31/11
• Oppenheimer Rochester Minnesota Municipal Fund (OPAMX) A shares was named Best-in-Class among 37 Minnesota Municipal Debt Funds for the three-year period ended 12/31/11
• Oppenheimer Rochester Massachusetts Municipal Fund (ORMAX) A shares was named Best-in-Class among 42 Massachusetts Municipal Debt Funds for the three-year period ended 12/31/11
• Oppenheimer Rochester Ohio Municipal Fund (OROHX) A shares was named Best-in-Class among 36 Ohio Municipal Debt Funds for the three-year period ended 12/31/11
• Oppenheimer Rochester Virginia Municipal Fund (ORVAX) A shares was named Best-in-Class among 29 Virginia Municipal Debt Funds for the three-year period ended 12/31/11

To learn more about these or any other funds in the OppenheimerFunds fund family, visit oppenheimerfunds.com and globalizeyourthinking.com.

About OppenheimerFunds, Inc.
OppenheimerFunds, Inc. is one of the nation's largest and most respected investment management companies. As of December 31, 2011, OppenheimerFunds, Inc., including subsidiaries, managed more than $168 billion in assets, including mutual funds having more than 11 million shareholder accounts, including sub-accounts.  Known for its tagline The Right Way to Invest, OppenheimerFunds, Inc. has been helping investors reach their financial goals since 1960. The Company and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, qualified retirement plans and sub advisory investment-management services.

(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 12/31/11.  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. Class Y shares are not available for purchase by all investors. 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. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and political and economic uncertainties. Emerging and developing market investments may be especially volatile. Derivative instruments, securities whose values depend on the performance of an underlying security or asset, entail potentially higher volatility and risk of loss compared to traditional stock or bond investments. Value investing involves the risk that undervalued securities may not appreciate as anticipated. A portion of a municipal bond fund's distributions may be subject to take and may increase taxes for investors subject to Alternative Minimum Tax (AMT). Diversification does not guarantee profit or protect against loss.

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 1.800.525.7048. Read prospectuses and summary prospectuses carefully before investing.

OppenheimerFunds are distributed by OppenheimerFunds Distributor, Inc. Two World Financial Center, 225 Liberty Street, New York, NY, 10281

© 2012 OppenheimerFunds Distributor, Inc.  All Rights Reserved.

SOURCE OppenheimerFunds, Inc.