NEW YORK, March 23, 2016 – 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

Global Equity

Municipal Bond

11 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.