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DOMESTIC EQUITY

Value Fund 1 

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Focus: The Strategy typically invests primarily in large company U.S. value stocks.
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Management

Laton Spahr, CFA
Portfolio Manager
Managed fund since 3/13
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Strategy

The portfolio manager seeks to identify undervalued companies with a focus on changes to return on invested capital (ROIC).  The team employs a fundamental research process that incorporates bottom-up, company-specific research and industry-level analysis to seek a potential improvement in ROIC not yet anticipated by the market.
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Commentary

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Title
Content Type
Date
Value Fund Commentary
Portfolio Commentary
02/14/2014
Special Risks: Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Diversification does not guarantee profit or protect against loss.

Shares of Oppenheimer 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.
Two World Financial Center, 225 Liberty Street, New York, NY 10281-1008