0000788303-11-000003.txt : 20110520 0000788303-11-000003.hdr.sgml : 20110520 20110520121132 ACCESSION NUMBER: 0000788303-11-000003 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20110520 DATE AS OF CHANGE: 20110520 EFFECTIVENESS DATE: 20110520 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER LTD TERM GOVERNMENT FUND CENTRAL INDEX KEY: 0000788303 IRS NUMBER: 366832913 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-02769 FILM NUMBER: 11860493 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 3036713200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER LIMITED TERM GOVERNMENT FUND DATE OF NAME CHANGE: 19940330 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER GOVERNMENT SECURITIES FUND /CO/ DATE OF NAME CHANGE: 19931208 FORMER COMPANY: FORMER CONFORMED NAME: FIRST TRUST FUND /CO/ DATE OF NAME CHANGE: 19931208 0000788303 S000008468 OPPENHEIMER LIMITED TERM GOVERNMENT FUND C000023206 A C000023207 B C000023208 C C000023209 N C000023210 Y 497 1 sticker.htm

Oppenheimer LIMITED-TERM GOVERNMENT fund

Supplement Dated May 20, 2011 to the

Prospectus Dated January 28, 2011
 

This supplement amends the Prospectus of Oppenheimer Limited-Term Government Fund (the “Fund”), dated January 28, 2011, as follows:

1.     

The table provided in the section titled “Fees and Expenses of the Fund,” on page 3, is replaced as follows:

Shareholder Fees (fees paid directly from your investment)
 

Class A

Class B

Class C

Class N

Class Y

Maximum Sales Charge (Load) imposed on purchases (as % of offering price)

3.50%

None

None

None

None

Maximum Deferred Sales Charge (Load) (as % of the lower of the original offering price or redemption proceeds)

None

4%

1%

1%

None

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

          
 

Class A

Class B

Class C

Class N

Class Y

Management Fees

0.41%

0.41%

0.41%

0.41%

0.41%

Distribution and/or Service (12b-1) Fees

0.24%

1.00%

1.00%

0.49%

None

Other Expenses

0.20%

0.44%

0.18%

0.30%

0.10%

Acquired Fund Fees and Expenses

0.01%

0.01%

0.01%

0.01%

0.01%

Total Annual Fund Operating Expenses

0.86%

1.86%

1.60%

1.21%

0.52%

Waivers and/or reimbursements*

(0.06%)

(0.26%)

0.00%

(0.11%)

(0.02%)

Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement

0.80%

1.60%

1.60%

1.10%

0.50%

*The Fund’s Manager has voluntarily agreed to waive fees and/or reimburse certain expenses so that total annual fund operating expenses will not exceed 0.80% for Class A shares, 1.60% for Class B shares, 1.60% for Class C shares, 1.10% for Class N shares and 0.50% for Class Y shares. The Manager has also voluntarily agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund’s investment in Oppenheimer Institutional Money Market Fund. The Fund’s transfer agent has voluntarily agreed to limit its fees for all classes to 0.35% of average annual net assets per class. Each of these expense limitations may be amended or withdrawn after one year from the date of this prospectus.

Example. The following Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in a class of shares of the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Fund’s operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your expenses would be as follows:

 

If shares are redeemed

If shares are not redeemed
 

1 Year

3 Years

5 Years

10 Years

1 Year

3 Years

5 Years

10 Years

Class A

$429

$610

$806

$1,373

$429

$610

$806

$1,373

Class B

$564

$764

$1,090

$1,666

$164

$564

$990

$1,666

Class C

$264

$509

$878

$1,915

$164

$509

$878

$1,915

Class N

$213

$375

$658

$1,465

$113

$375

$658

$1,465

Class Y

$51

$165

$289

$652

$51

$165

$289

$652

2.     

The fourth paragraph in the section titled “Advisory Fees,” on page 11, is replaced as follows:

     After all applicable waivers, reimbursements and the expense limitation were applied, the actual total annual fund operating expenses for the fiscal year ended September 30, 2010 were 0.71% for Class A, 1.46% for Class B and Class C, 0.96% for Class N and 0.46% for Class Y. The Fund’s management fee and other annual operating expenses may vary in future years.

May 20, 2011               PS0855.044