Senior Floating Rate Plus Fund 1 2 

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Focus: The Strategy typically invests in senior loans with the flexibility to include high yield bonds and actively employ leverage.
Top Holdings 3  as of 3/31/14
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  % Net Assets
1 Alcatel Lucent, Sr. Sec. Credit Facilities, FLT%, 1.2
2 Dell, Inc. 1.2
3 Doncasters Group Ltd., Sr. Sec. Credit Facilities1 1.1
4 Murray Energy Corp., Sr. Sec. Credit Facilities, F 1.1
5 American Airlines Group, Inc., 6% Sec. Unsub. Nts. 1.1
6 Wide Open West Finance LLC, Sr. Sec. Credit Facili 1.1
7 Caesers Entertainment Resort Properties LLC., Sr.S 1.0
8 SLM Corp., 6.125% Sr. Unsec. Unsub. Nts., 3/25/24 1.0
9 NewPage Corp., Sr. Sec. Credit Facilities, FLT%, 2 1.0
10 Travelport LLC, Sr. Sec. Credit Facilities 1st Lie 0.9
  Total 10.7
4 3 
Top Regions 3  as of 3/31/14
  % Net Assets
1 Americas - Developed 115.3
2 Europe - Developed 8.8
3 Asia Pacific - Developed 1.3
4 Europe - Emerging 0.6
  Total 126.0
Top Countries 3  as of 3/31/14
  % Net Assets
1 United States 113.3
2 United Kingdom 3.1
3 Luxembourg 2.1
4 Canada 2.1
5 Netherlands 1.5
6 France 1.2
7 Australia 1.2
8 Ireland 0.9
9 Cyprus 0.6
10 Japan 0.1
  Total 126.0
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This is a new Fund with a limited operating history and an inception date of 8/23/13.
Special Risks: Senior loans are typically lower-rated and may be illiquid investments (which may not have a ready market) The Fund may invest without limit in below-investment-grade securities. The Fund may invest a variable amount in debt rated below "B." The Fund may invest without limit in lower rated securities. The Fund may invest 25% or more of its assets in securities issued by companies in the financial services sector which may be susceptible to economic and regulatory events, and increased volatility. Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and geopolitical risks. Emerging and developing market investments may be especially volatile. 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. Derivative instruments whose values depend on the performance of an underlying security, asset, interest rate, index or currency, entail potentially higher volatility and risk of loss compared to traditional stock or bond investments. The Fund may use leverage (borrowing) which involves transaction and interest costs on amounts the Fund borrows, which may reduce performance.
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.
If included in the credit rating breakdown table above, all securities except for those labeled "Treasury", "Agency"and "Unrated", and except for certain securities issued or guaranteed by a foreign sovereign, have been rated by at least one Nationally Recognized Statistical Rating Organization ("NRSRO"), such as Standard & Poor's ("S&P"). The credit rating table values may not total 100% due to rounding. For securities rated only by an NRSRO other than S&P, OppenheimerFunds, Inc. converts that rating to the equivalent S&P rating. If two or more NRSROs have assigned a rating to a security, the highest S&P equivalent rating is used. Unrated securities issued or guaranteed by a foreign sovereign are assigned a credit rating equal to the highest NRSRO rating assigned to that foreign sovereign. Fund assets invested in Oppenheimer Institutional Money Market Fund are assigned the Fund's S&P rating, which is currently AAA. Unrated securities do not necessarily indicate low credit quality. "Investment-grade" securities are securities rated within the NRSROs four highest rating categories (AAA, AA, A and BBB.) Securities not rated by an NRSRO may or may not be equivalent of investment grade. Please consult the Fund's Prospectus for further information. Additional information can be found in the Fund's Statement of Additional Information.

*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.

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