NEWYORK, March 28, 2016 – Friday, March 25, marked the 20th anniversary of Oppenheimer International Growth Fund (Ticker: OIGAX), a $20.9 billion fund (as of Feb. 29, 2016) managed by George Evans, CFA, since inception. Only 5 percent of all equity fund managers have achieved a 20-year tenure on a fund, according to Morningstar data.

In 2012, Robert Dunphy, CFA, joined Evans as Co-Portfolio Manager of the Fund after spending eight years as an analyst on the portfolio. Evans and Dunphy invest in well-established businesses headquartered outside of the United States that appear likely to grow at a faster pace than world GDP and may benefit from four global forces: mass affluence, new technology, restructuring, and aging. Within this framework, the portfolio managers rely on fundamental analysis to search for quality growth companies with sustainable competitive advantages and above industry revenue growth.

“While the world has changed drastically over the past two decades, George’s investment philosophy remains focused on the long term,” said Krishna Memani, Chief Investment Officer. “George has managed Oppenheimer International Growth Fund through 20 years of major historic events and various market environments. By maintaining focus on a company’s long-term value creation ability rather than short-term price movements, he has delivered impressive long-term results.”
Since inception, the Fund’s A shares returned an average of 7.90 percent annually, outperforming its benchmark, the MSCIACWI ex USA Index, by over 300 basis points per year, and ranked in the 5th percentile of its Morningstar peer group.1

“Companies can create enormous wealth when they provide value for customers, execute their strategies well, and deploy capital wisely,” said George Evans, CIO, Equities, and Portfolio Manager of Oppenheimer International Growth Fund. “Long-term investing is all about identifying such companies, assessing the right price at which to buy their stock, and investing with conviction—regardless of the fickle sentiments of the moment, or the broader prospects of an industry or economy in the short term.”

Among numerous accolades, Evans and Dunphy were nominated for Morningstar’s 2015 International Stock Fund Manager of the Year Award.2 The Fund’s Class Y shares are rated 5 stars by Morningstar among 323 Foreign Large Growth funds for the 3-, 5-, and 10-year periods ended Dec. 31, 2015.3 In addition, Class Y shares earned a 2016 Lipper Fund Award for best-in-class among 182 International Multi-Cap Growth funds for the 10-year period ended Nov. 30, 2015.4

Oppenheimer International Growth Fund Average Annual Total Returns as of 12/31/15 (Class A Shares)
1-Year Year-5 Year-10
Without sales charge 3.16% 6.09% 6.11%
With sales charge -2.77 4.84 5.48
MSCIACWI ex USA Index5-5.66 1.06 2.92
Morningstar Percentile Rank and Ranking: Foreign Large Growth Funds Category (Class A shares based on total return)625th

1Based on average annual total returns from March 25, 1996, to March 25, 2016.

2Morningstar Awards 2015. Morningstar, Inc. All rights reserved. George Evans and Robert Dunphy at Oppenheimer International Growth Fund (OIGYX) nominated for 2015 International-Stock Fund Manager of the Year Award, United States. © 2016 Morningstar. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar and/or its content providers and (2) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.

3For each fund with at least a three-year history, Morningstar calculates ratings based on a proprietary risk-adjusted return score that accounts for variation in a fund’s monthly performance (including the effects of sales charges, loads and redemption fees), placing more emphasis on downward variations and rewarding consistency. The top 10% of funds in each category receive 5 stars, the next 22.5% 4 stars, the next 35% 3 stars, the next 22.5% 2 stars and the bottom 10% 1 star with some adjustments for multiple share class portfolios. The Overall Morningstar Rating is derived from a weighted average of the 3- , 5- and 10-year ratings (where applicable). For the 3-, 5- and 10-year periods, respectively, the Fund was rated 4, 5 and 5 stars among 323, 288 and 189 funds in the Foreign Large Growth category for the time period ended 12/31/15. Morningstar rating is for Class Y shares 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, eligibility requirements, performance characteristics and Morningstar ratings.

4Lipper 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. As of 11/30/15, within the Lipper International Multi-Cap Growth funds category, Oppenheimer International Growth Fund, Y for 1 year was #54/415, 3 year #93/370 and 5 year #25/335.

5The MSCIACWI ex USA Index is designed to measure the equity market performance of developed and emerging markets and excludes the U.S. The index is unmanaged and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict the performance of the Fund.

6Source: ©2015 Morningstar, Inc., 12/31/15. Morningstar ranking is for Class A shares and ranking may include more than one share class of funds in the category, including other share classes of this Fund. Ranking is based on total return as of 12/31/15, without considering sales charges. Different share classes may have different expenses and performance characteristics. Fund rankings are subject to change monthly. The fund’s total-return percentile rank is relative to all funds that are in the Foreign Large Growth Funds Category. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100. The top performing fund in a category will always receive a rank of 1.