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DOMESTIC EQUITY

Equity Income Fund 1 2 

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Focus: The Strategy typically invests primarily in large-cap U.S. dividend-paying stocks.
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Top Holdings 3  as of 3/31/14
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  % Net Assets
1 JPMorgan Chase & Co. 3.9
2 Citigroup, Inc. 3.7
3 Apple, Inc. 3.2
4 Chevron Corp. 2.5
5 Ford Motor Co. 2.4
6 General Motors Stock (Ohio/Fort Wayne/Indianapolis 2.3
7 MetLife, Inc. 2.3
8 MGIC Investment Corp. 2.2
9 Assured Guaranty Ltd. 2.0
10 Microsoft Corp. 2.0
  Total 26.5
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Risk Measurement a as of 3/31/14
Share Class Beta
(3 yr)
Alpha R-squared Sharpe Ratio Standard Deviation (3 yr)
A 1.11 -3.40 94.47 0.85 15.0%
Bb 1.10 -4.31 94.48 0.79 15.0%
C 1.10 -4.12 94.45 0.80 15.0%
I4  —%
N 1.10 -3.77 94.47 0.83 15.0%
Y 1.10 -3.08 94.40 0.87 15.0%
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Portfolio Statistics c as of 3/31/14 ——
Weighted Avg Market Cap Weighted Median Market Cap P/E EPS
(next 12 months)
P/E Operating (LTM) Price/Book Value (LTM) Turnover
Ratio
97.6 billion 48.8 billion 12.18 12.92 1.75 31.0%
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Top Sectors 3  as of 3/31/14
  % Net Assets
1 Financials 30.9
2 Consumer Discretionary 16.9
3 Energy 12.4
4 Information Technology 7.2
5 Healthcare 7.0
6 Industrials 6.1
7 Telecommunication Services 5.7
8 Materials 5.3
9 Consumer Staples 4.2
10 Utilities 2.8
  Total 98.4
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Top Regions 3  as of 3/31/14
  % Net Assets
1 Americas - Developed 95.6
2 Europe - Developed 4.2
3 Middle East - Developed 0.7
4 Americas - Emerging 0.1
  Total 100.7
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Top Countries 3  as of 3/31/14
  % Net Assets
1 United States 94.8
2 United Kingdom 3.1
3 Canada 0.8
4 Israel 0.7
5 Switzerland 0.6
6 Greece 0.4
7 Spain 0.2
8 Mexico 0.1
  Total 100.6
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The Fund's investment objective changed from "seeks capital appreciation" to "seeks total return" on 8/1/07. Performance prior to 8/1/07 is not indicative of performance for any subsequent periods.
Special Risks: Fixed income investing entails credit and interest rate risks. When interest rates rise, bond prices generally fall, and the Fund's share prices can fall. 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. Small and mid-sized company stock is typically more volatile than that of larger, more established businesses, as these stocks tend to be more sensitive to changes in earnings expectations. It may take a substantial period of time to realize a gain on an investment in a small or mid-sized company, if any gain is realized at all. Convertible bonds are subject to the additional risk that the market value of the equity or other securities into which they are convertible will never be sufficient to justify conversion, rendering the conversion value of the bonds worthless. Preferred shares are subject to interest rate risk; when interest rates rise, the value of the preferred stock having a fixed dividend rate tends to fall. Preferred shares do not represent a liability of the issuer and, although generally ranking ahead of common stock in a bankruptcy or insolvency, would generally rank behind liabilities of the issuer. There is no guarantee that the issuers of stocks held by mutual funds will declare dividends in the future, or that dividends will remain at their current levels or increase over time. Diversification does not guarantee profit or protect against loss.
Holdings are subject to change, and are dollar weighted based on total net assets. Negative weightings may result from the use of leverage. Leverage involves the use of various financial instruments or borrowed capital in an attempt to increase investment return. Leverage risks include potential for higher volatility, greater decline of the fund's net asset value and fluctuations of dividends and distributions paid by the fund.
Class I shares are only offered to eligible institutional investors that make a minimum initial investment of $5 million or more and to retirement plan service provider platforms. The minimum account balance for class I shares is $2.5 million. Class I shares are sold at net asset value without a sales charge. Please see Fund prospectuses for additional information.
Beta (3-yr): is a measure of a fund's sensitivity to market movements. The beta of a market is 1.00 by definition.

Alpha (3-yr): measures the difference between a fund's actual and expected returns, based on beta, and is generally used as a measure of a manager's added value over a passive strategy.

R-squared (3-yr): is a measurement of how closely a portfolio's performance correlates with the performance of a benchmark index, and thus a measurement of what portion of its performance can be explained by the performance of the index. Values for R-squared range from 0 to 100, where 0 indicates no correlation and 100 indicates perfect correlation.  

Sharpe Ratio (3-yr): is a risk-adjusted measure that measures reward per unit of risk. the higher the Sharpe Ratio, the better. The numerator is the difference between the portfolio's annualized return and the annualized return of a risk-free instrument, the denominator is the portfolio's annualized standard deviation (population).

Standard Deviation (3-yr): is a statistical measure of the degree to which the performance of a portfolio varies from its average performance during a specified period. the higher the standard deviation, the greater the volatility of the portfolio's performance returns relative to its average return.

Alpha, Beta and R-Squared were measured against the fund's benchmark: . Access index definitions.

Source: Morningstar, Inc. Although this data has been gathered from sources Morningstar believes to be reliable, its completeness and accuracy cannot be guaranteed.
Class B shares convert to Class A shares 72 months after purchase; therefore "since inception", "10-year" and "15-year" returns for Class B (if applicable) use Class A performance for period after conversion.
P/E ratio: The price of a stock divided by its earnings per share. The higher the P/E, the more investors pay, the more return they may expect and the riskier the stock may be.

P/B ratio: Abbreviation for price to book value ratio. It's the market value of a company's stock divided by its book value.

Earnings Growth: Revenue, minus cost and expenses, for a certain period.

Turnover ratio: A measure of the strategy's trading activity, which is computed by taking the lesser of purchases or sales during the strategy's latest fiscal year, divided by the total net asset value (NAV).

*SEC Form N-MFP is available 60 days after the end of the month.

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.
225 Liberty Street, New York, NY 10281-1008