NEW YORK, April 1, 2015 /PRNewswire/
-- OppenheimerFunds, a leader in global asset management,
today announced that nine of the firm's funds have received a 2015
Lipper Fund Award, recognizing each fund as Best-in-Class in its
respective Lipper category.[1] The awards highlight
OppenheimerFunds' expertise in the Domestic Debt and Municipal Bond
asset classes.
"These awards recognize the work of our portfolio managers and
the entire investment team, highlighting the value we provide to
investors," said Krishna Memani, Chief Investment Officer of
OppenheimerFunds. "Our high-conviction, active approach continues
to serve clients well and distinguish our company among global
asset managers."
Lipper awarded the following OppenheimerFunds products as
Best-in-Class in their respective categories based on consistent
return for the three-year or five-year period ended Nov. 28, 2014, as indicated:
Domestic Debt
- Oppenheimer Limited-Term Government Fund (OLTYX) Y
shares was named Best-in-Class among 57 Short U.S. Government Funds
for the five-year period ended Nov. 28,
2014.
- Oppenheimer Corporate Bond Fund (OFIYX) Y shares was
named Best-in-Class among 165 Core Plus Bond Funds for the
three-year period ended Nov. 28,
2014.
Municipal Bond
- Oppenheimer Rochester Limited Term Municipal Fund
(OPITX) A shares was named Best-in-Class among 37
Short-Intermediate Municipal Debt Funds for the five-year period
ended Nov. 28, 2014.
- Oppenheimer Rochester AMT-Free Municipal Fund (OMFYX) Y
shares was named Best-in-Class among 224 General & Insured
Municipal Debt Funds for the three-year period ended Nov. 28, 2014.
- Oppenheimer Rochester Short-Term Municipal Fund (ORSYX)
Y shares was named Best-in-Class among 80 Short Municipal Debt
Funds for the three-year period ended Nov.
28, 2014.
- Oppenheimer Rochester Minnesota Municipal Fund (OPYMX) Y
shares was named Best-in-Class among 39 Minnesota Municipal Debt
Funds for the three-year period ended Nov.
28, 2014.
- Oppenheimer Rochester Minnesota Municipal Fund (OPAMX) A
shares was named Best-in-Class among 35 Minnesota Municipal Debt
Funds for the five-year period ended Nov.
28, 2014.
- Oppenheimer Rochester Ohio Municipal Fund (OROYX) Y
shares was named Best-in-Class among 30 Ohio Municipal Debt Funds
for the three-year period ended Nov. 28,
2014.
- Oppenheimer Rochester Ohio Municipal Fund (OROHX) A
shares was named Best-in-Class among 28 Ohio Municipal Debt Funds
for the five-year period ended Nov. 28,
2014.
To learn more about these or any other OppenheimerFunds
products, visit oppenheimerfunds.com.
About OppenheimerFunds
OppenheimerFunds, a leader in global asset management, is
dedicated to providing solutions for its partners and end
investors. OppenheimerFunds, including its subsidiaries, manages
more than $241 billion in assets for
over 13.5 million shareholder accounts, including sub-accounts, as
of February 28, 2015.
Founded in 1959, OppenheimerFunds is a high conviction asset
manager with a history of providing active, innovative investment
strategies to its investors. The firm's 14 distinct, collaborative
investment management teams specialize in equity, fixed income,
alternative and multi-asset strategies. OppenheimerFunds and its
subsidiaries offer a broad array of products and services to
clients, who range from endowments and sovereigns to financial
advisors serving individual investors. OppenheimerFunds provides
advisory services to the Oppenheimer mutual funds, and OFI Global
Asset Management offers solutions to institutions.
[1] The Lipper Fund Awards program honors funds
that have excelled in delivering consistently strong risk-adjusted
performance, relative to peers. In addition, the Lipper Fund Awards
program recognizes fund families with high average scores for all
funds within a particular asset class or overall. The Lipper Fund
Awards take place in 23 countries in Asia, Europe,
MENA, and the Americas. Lipper designates award-winning funds in
most individual classifications for the three-, five-, and ten-year
periods and fund families with high average scores for the
three-year time period. The top three-year classification winners
and fund family winners receive trophies at the ceremonies. Please
review the Lipper Fund Awards methodology document to learn more
about how the awards are calculated. Lipper Fund Awards are part of
the broader Thomson Reuters Awards for Excellence program. Please
visit the Awards for Excellence website for more details about the
Lipper Fund Awards.
Fixed income investing entails credit risks and interest rate
risks. When interest rates rise, bond prices generally fall, and
the fund's share price can fall. Below investment grade ("high
yield" or "junk") bonds are more at risk of default than other bond
investments and are subject to liquidity risk. A portion of a
municipal bond fund's distributions may be subject to tax and may
increase taxes for investors subject to Alternative Minimum Tax
(AMT).
Shares of mutual 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
© 2015 OppenheimerFunds Distributor, Inc. All rights
reserved.
To view the original version on PR Newswire,
visit:http://www.prnewswire.com/news-releases/oppenheimerfunds-named-best-in-class-by-lipper-in-9-categories-300058246.html
SOURCE OppenheimerFunds, Inc.