Fund Description

The fund was incepted in August 1985 and is managed by Oppenheimer Funds Group. The fund seeks high current income consistent with preservation of capital. The fund invests in U.S. government debt securities. These include debt securities issued or guaranteed by the United States Treasury, such as Treasury bills, notes or bonds, and securities issued or guaranteed by agencies or entities that are referred to as 'instrumentalities' of the U.S. government. Under normal market conditions, the fund invests at least 80% of its net assets in U.S. government securities. The fund declares dividends daily on each business day and pays them monthly. Capital gains are distributed annually.