Fund Description

The fund was incepted in January 1989 and is managed by Oppenheimer Funds Group. The fund seeks growth of capital. The fund invests in a variety of equity and debt securities. The fund normally invests in common stocks of U.S. issuers that the portfolio manager believes are undervalued in the marketplace. The fund invests in common stocks and other equity securities, including debt securities convertible into common stock, without limit. Under normal market conditions, the fund invests at least 50% of its total assets in common stock and debt securities convertible into common stock. The fund offers dividends and capital gains, if any, annually.