Oppenheimer Institutional Money Market Fund Management Commentary and Semiannual Report MANAGEMENT COMMENTARY An Interview with Your Funds Portfolio Managers SEMIANNUAL REPORT Listing of Investments Financial Statements |
Beginning | Ending | Expenses | ||||||||||
Account | Account | Paid During | ||||||||||
Value | Value | 6 Months Ended | ||||||||||
June 1, 2011 | November 30, 2011 | November 30, 2011 | ||||||||||
Actual |
||||||||||||
Class E |
$ | 1,000.00 | $ | 1,000.80 | $ | 0.50 | ||||||
Class L |
1,000.00 | 1,000.50 | 0.80 | |||||||||
Class P |
1,000.00 | 1,000.30 | 1.00 | |||||||||
Hypothetical (5% return before expenses) |
||||||||||||
Class E |
1,000.00 | 1,024.57 | 0.51 | |||||||||
Class L |
1,000.00 | 1,024.27 | 0.81 | Class P |
1,000.00 | 1,024.07 | 1.02 |
Class | Expense Ratios | |||
Class E |
0.10 | % | ||
Class L |
0.16 | |||
Class P |
0.20 |
Maturity | Final Legal | Principal | ||||||||||||||
Date* | Maturity Date** | Amount | Value | |||||||||||||
Certificates of Deposit38.5% |
||||||||||||||||
Yankee Certificates of Deposit38.5% |
||||||||||||||||
Bank of Montreal, Chicago, 0.07% |
12/1/11 | 12/1/11 | $ | 99,850,000 | $ | 99,850,000 | ||||||||||
Bank of Nova Scotia, Houston TX: |
||||||||||||||||
0.30% |
12/19/11 | 12/19/11 | 50,000,000 | 50,000,000 | ||||||||||||
0.30% |
12/20/11 | 12/20/11 | 50,000,000 | 50,000,000 | ||||||||||||
0.30% |
2/10/12 | 2/10/12 | 19,100,000 | 19,100,000 | ||||||||||||
0.45% |
4/27/12 | 4/27/12 | 50,000,000 | 50,000,000 | ||||||||||||
0.52% |
5/23/12 | 5/23/12 | 48,600,000 | 48,600,000 | ||||||||||||
0.52% |
5/24/12 | 5/24/12 | 50,000,000 | 50,000,000 | ||||||||||||
0.52% |
5/25/12 | 5/25/12 | 74,400,000 | 74,400,000 | ||||||||||||
Bank of Tokyo-Mitsubishi UFJ NY, 0.11% |
12/7/11 | 12/7/11 | 100,000,000 | 100,000,000 | ||||||||||||
DnB NOR Bank ASA NY: |
||||||||||||||||
0.21% |
12/16/11 | 12/16/11 | 100,000,000 | 100,000,000 | ||||||||||||
0.21% |
12/22/11 | 12/22/11 | 40,000,000 | 40,000,000 | ||||||||||||
0.21% |
12/23/11 | 12/23/11 | 100,000,000 | 100,000,000 | ||||||||||||
0.22% |
12/21/11 | 12/21/11 | 100,000,000 | 100,000,000 | ||||||||||||
Mitsubishi UFJ TR & BK NY, 0.16%1 |
12/6/11 | 12/6/11 | 100,000,000 | 100,000,000 | ||||||||||||
National Australia Bank, New York: |
||||||||||||||||
0.28% |
1/23/12 | 1/23/12 | 63,000,000 | 63,000,000 | ||||||||||||
0.29% |
12/2/11 | 12/2/11 | 42,000,000 | 42,000,000 | ||||||||||||
0.29% |
2/21/12 | 2/21/12 | 62,500,000 | 62,500,000 | ||||||||||||
0.29% |
2/21/12 | 2/21/12 | 75,000,000 | 75,000,000 | ||||||||||||
0.31% |
1/9/12 | 1/9/12 | 50,000,000 | 50,000,000 | ||||||||||||
Nordea Bank Finland plc, New York, 0.35% |
1/13/12 | 1/13/12 | 82,400,000 | 82,400,000 | ||||||||||||
Rabobank Nederland NV, New York: |
||||||||||||||||
0.30% |
1/17/12 | 1/17/12 | 90,000,000 | 90,000,000 | ||||||||||||
0.35% |
1/17/12 | 1/17/12 | 27,000,000 | 27,000,000 | ||||||||||||
0.35%2 |
12/26/11 | 4/24/12 | 27,000,000 | 27,000,000 | ||||||||||||
0.37% |
2/9/12 | 2/9/12 | 20,000,000 | 20,000,000 | ||||||||||||
0.40%2 |
12/13/11 | 9/13/12 | 50,000,000 | 50,000,000 | ||||||||||||
0.46%2 |
2/16/12 | 5/16/12 | 93,500,000 | 93,500,000 | ||||||||||||
Royal Bank of Canada, New York: |
||||||||||||||||
0.34%2 |
12/7/11 | 6/7/12 | 75,000,000 | 75,000,000 | ||||||||||||
0.35%2 |
12/2/11 | 12/2/11 | 100,000,000 | 100,000,000 | ||||||||||||
0.40%2 |
1/9/12 | 7/9/12 | 30,000,000 | 30,003,368 | ||||||||||||
0.50%2 |
12/1/11 | 9/10/12 | 40,000,000 | 40,000,000 | ||||||||||||
0.52%2 |
12/14/11 | 12/11/12 | 65,000,000 | 65,000,000 | ||||||||||||
0.77% |
11/28/12 | 11/28/12 | 50,000,000 | 50,000,000 | ||||||||||||
Skandinaviska Enskilda Bank, New York: |
||||||||||||||||
0.37% |
12/16/11 | 12/16/11 | 50,000,000 | 50,000,000 | ||||||||||||
0.74% |
5/4/12 | 5/4/12 | 10,000,000 | 10,000,000 | ||||||||||||
Svenska Handelsbanken, New York: |
||||||||||||||||
0.10% |
12/16/11 | 12/16/11 | 110,000,000 | 110,000,000 | ||||||||||||
0.21% |
12/21/11 | 12/21/11 | 50,000,000 | 50,000,000 | ||||||||||||
0.22% |
12/22/11 | 12/22/11 | 45,000,000 | 45,000,000 | ||||||||||||
0.29% |
12/28/11 | 12/28/11 | 51,800,000 | 51,801,940 |
Maturity | Final Legal | Principal | |||||||||||||||
Date* | Maturity Date** | Amount | Value | ||||||||||||||
Yankee Certificates of Deposit Continued |
|||||||||||||||||
Swedbank AB, New York, 0.10% |
12/8/11 | 12/8/11 | $ | 50,000,000 | $ | 50,000,000 | |||||||||||
Toronto Dominion Bank, New York: |
|||||||||||||||||
0.13% |
12/7/11 | 12/7/11 | 100,000,000 | 100,000,000 | |||||||||||||
0.33%2 |
12/12/11 | 1/12/12 | 75,000,000 | 75,000,000 | |||||||||||||
Westpac Banking Corp.: |
|||||||||||||||||
0.25% |
2/14/12 | 2/14/12 | 50,000,000 | 50,000,000 | |||||||||||||
0.25% |
2/16/12 | 2/16/12 | 50,000,000 | 50,000,000 | |||||||||||||
0.25% |
2/22/12 | 2/22/12 | 81,500,000 | 81,500,000 | |||||||||||||
Total Certificates of Deposit (Cost $2,747,655,308) |
2,747,655,308 | ||||||||||||||||
Direct Bank Obligations10.0% |
|||||||||||||||||
Barclays US Funding LLC, 0.12% |
12/1/11 | 12/1/11 | 50,000,000 | 50,000,000 | |||||||||||||
Chase Bank USA NA, Grand Cayman, 0.01% |
12/1/11 | 12/1/11 | 133,000,000 | 133,000,000 | |||||||||||||
ING (US) Funding LLC: |
|||||||||||||||||
0.21% |
12/5/11 | 12/5/11 | 97,000,000 | 96,997,737 | |||||||||||||
0.22% |
12/12/11 | 12/12/11 | 56,000,000 | 55,996,236 | |||||||||||||
National Australia Funding (Delaware),
Inc., 0.23%3 |
12/1/11 | 12/1/11 | 59,178,000 | 59,178,000 | |||||||||||||
Nordea North America, Inc., 0.33% |
12/16/11 | 12/16/11 | 31,000,000 | 30,995,802 | |||||||||||||
Skandinaviska Enskilda BankenAB: |
|||||||||||||||||
0.25%3 |
12/13/11 | 12/13/11 | 18,800,000 | 18,798,433 | |||||||||||||
0.26%3 |
12/20/11 | 12/20/11 | 72,600,000 | 72,590,229 | |||||||||||||
Swedbank AB, 0.40% |
12/15/11 | 12/15/11 | 50,000,000 | 49,992,222 | |||||||||||||
Westpac Banking Corp.: |
|||||||||||||||||
0.25%3 |
2/16/12 | 2/16/12 | 50,000,000 | 49,972,729 | |||||||||||||
0.26%3 |
2/10/12 | 2/10/12 | 50,000,000 | 49,974,854 | |||||||||||||
0.30%3 |
1/9/12 | 1/9/12 | 50,000,000 | 49,983,750 | |||||||||||||
Total Direct Bank Obligations (Cost $717,479,992) |
717,479,992 | ||||||||||||||||
Short-Term Notes41.6% |
|||||||||||||||||
Banks4.5% |
|||||||||||||||||
HSBC USA, Inc.: |
|||||||||||||||||
0.21% |
12/12/11 | 12/12/11 | 100,000,000 | 99,993,583 | |||||||||||||
0.21% |
12/19/11 | 12/19/11 | 50,000,000 | 49,994,750 | |||||||||||||
0.21% |
12/22/11 | 12/22/11 | 50,000,000 | 49,993,875 | |||||||||||||
0.25% |
1/24/12 | 1/24/12 | 50,000,000 | 49,981,250 | |||||||||||||
0.25% |
2/10/12 | 2/10/12 | 73,900,000 | 73,863,563 | |||||||||||||
323,827,021 |
Maturity | Final Legal | Principal | ||||||||||||||
Date* | Maturity Date** | Amount | Value | |||||||||||||
Electric Utilities1.7% |
||||||||||||||||
Electricite De France: |
||||||||||||||||
0.35%3 |
12/6/11 | 12/6/11 | $ | 20,100,000 | $ | 20,099,023 | ||||||||||
0.35%3 |
12/7/11 | 12/7/11 | 30,872,000 | 30,870,199 | ||||||||||||
0.43%3 |
1/5/12 | 1/5/12 | 23,000,000 | 22,990,385 | ||||||||||||
0.43%3 |
1/27/12 | 1/27/12 | 50,000,000 | 49,965,958 | ||||||||||||
123,925,565 | ||||||||||||||||
Leasing & Factoring7.4% |
||||||||||||||||
American Honda Finance Corp.: |
||||||||||||||||
0.47%2 |
12/29/11 | 6/29/12 | 70,500,000 | 70,500,000 | ||||||||||||
0.61%1,2 |
12/26/11 | 9/26/12 | 63,500,000 | 63,500,000 | ||||||||||||
0.73%1,2 |
2/20/12 | 11/20/12 | 60,000,000 | 60,000,000 | ||||||||||||
Toyota Motor Credit Corp.: |
||||||||||||||||
0.31% |
12/19/11 | 12/19/11 | 50,000,000 | 49,992,250 | ||||||||||||
0.34% |
12/29/11 | 12/29/11 | 74,000,000 | 73,980,430 | ||||||||||||
0.36% |
1/26/12 | 1/26/12 | 13,000,000 | 12,992,720 | ||||||||||||
0.37% |
1/27/12 | 1/27/12 | 92,500,000 | 92,446,602 | ||||||||||||
0.60%2 |
1/18/12 | 10/18/12 | 104,500,000 | 104,500,000 | ||||||||||||
527,912,002 | ||||||||||||||||
Municipal3.4% |
||||||||||||||||
AARP Nts., Series 2001, 0.15%2 |
12/7/11 | 12/7/11 | 25,000,000 | 25,000,000 | ||||||||||||
Austin, TX Airport System Refunding
Bonds, Series 2005-1, 0.16%2 |
12/7/11 | 12/7/11 | 500,000 | 500,000 | ||||||||||||
Austin, TX Airport System Refunding
Bonds, Series 2005-2, 0.16%2 |
12/7/11 | 12/7/11 | 500,000 | 500,000 | ||||||||||||
Baltimore, MD General Obligation
Bonds, Series 2003C, 0.18%2 |
12/7/11 | 12/7/11 | 11,720,000 | 11,720,000 | ||||||||||||
Capital Markets Access Co. LC Bonds, Carteret
Investment Assn. LLC, Series 2008, 0.22%2 |
12/7/11 | 12/7/11 | 7,170,000 | 7,170,000 | ||||||||||||
Cobb Cnty., GA Hospital Authority Revenue
Anticipation Certificates, Equipment Pool
Project, Series 2004, 0.14%2 |
12/7/11 | 12/7/11 | 25,000,000 | 25,000,000 | ||||||||||||
Everett Clinic (The) Bonds, Series 2002,
0.38%2 |
12/7/11 | 12/7/11 | 200,000 | 200,000 | ||||||||||||
Goshen, IN Economic Development, Goshen
College Project, Series 2007, 0.15%2 |
12/7/11 | 12/7/11 | 20,230,000 | 20,230,000 | ||||||||||||
Johnson, TN Health & Education Facilities,
Mountain States Health, Series 2007B-1,
0.25%2 |
12/7/11 | 12/7/11 | 3,750,000 | 3,750,000 | ||||||||||||
Johnson, TN Health & Education Facilities,
Mountain States Health, Series 2007B-2, 0.19%2 |
12/7/11 | 12/7/11 | 17,865,000 | 17,865,000 | ||||||||||||
Lewisburg, TN Industrial Development
Board, Waste Management Project,
Series 2003, 0.15%2 |
12/7/11 | 12/7/11 | 25,000,000 | 25,000,000 | ||||||||||||
Macon-Bibb Cnty. Industrial Development
Authority Revenue Bonds, Bass Pro
Outdoor World, Series 2005, 0.35%2 |
12/7/11 | 12/7/11 | 20,100,000 | 20,100,000 |
Maturity | Final Legal | Principal | ||||||||||||||
Date* | Maturity Date** | Amount | Value | |||||||||||||
Municipal Continued |
||||||||||||||||
OH Higher Education Facilities Commission,
Xavier University 2008 Project, Series B,
0.19%2 |
12/7/11 | 12/7/11 | $ | 20,480,000 | $ | 20,480,000 | ||||||||||
Private Colleges & Universities Authority
Revenue Bonds, Mercer University
Project, Series 2006B, 0.23%2 |
12/7/11 | 12/7/11 | 5,775,000 | 5,775,000 | ||||||||||||
SC Jobs-Economic Development Authority
Bonds, South Atlantic Canners, Inc.,
Series 2001, 0.30%2 |
12/7/11 | 12/7/11 | 5,000,000 | 5,000,000 | ||||||||||||
SE Public Service Authority of VA, Sr. Revenue
Bonds, Regional Solid Waste System Project,
Series 2007A, 0.20%2 |
12/7/11 | 12/7/11 | 12,825,000 | 12,825,000 | ||||||||||||
St. Paul, MN Bonds, Rivercentre Arena
Project, Series 2009A, 0.22%2 |
12/7/11 | 12/7/11 | 17,200,000 | 17,200,000 | ||||||||||||
Tift Cnty. Development Authority Industrial
Development Revenue Bonds, Heatcraft
Refrigeration Products, Series 2008B, 0.22%2 |
12/7/11 | 12/7/11 | 6,700,000 | 6,700,000 | ||||||||||||
Trinitas Hospital Bonds, Series 2006, 0.22%2 |
12/7/11 | 12/7/11 | 13,805,000 | 13,805,000 | ||||||||||||
238,820,000 | ||||||||||||||||
Personal Products3.7% |
||||||||||||||||
Reckitt Benckiser Treasury Services plc: |
||||||||||||||||
0.42%3 |
1/30/12 | 1/30/12 | 27,000,000 | 26,981,100 | ||||||||||||
0.50%3 |
3/9/12 | 3/9/12 | 11,400,000 | 11,384,325 | ||||||||||||
0.50%3 |
3/16/12 | 3/16/12 | 50,000,000 | 49,926,389 | ||||||||||||
0.53%3 |
5/10/12 | 5/10/12 | 28,100,000 | 28,034,024 | ||||||||||||
0.57%3 |
6/8/12 | 6/8/12 | 38,000,000 | 37,885,683 | ||||||||||||
0.60%3 |
6/11/12 | 6/11/12 | 50,000,000 | 49,839,167 | ||||||||||||
0.62%3 |
6/6/12 | 6/6/12 | 26,000,000 | 25,915,818 | ||||||||||||
0.65%3 |
6/14/12 | 6/14/12 | 35,000,000 | 34,876,139 | ||||||||||||
264,842,645 | ||||||||||||||||
Receivables Finance15.2% |
||||||||||||||||
Alpine Securitization Corp.: |
||||||||||||||||
0.16% |
12/19/11 | 12/19/11 | 48,300,000 | 48,296,136 | ||||||||||||
0.20% |
12/2/11 | 12/2/11 | 2,900,000 | 2,899,984 | ||||||||||||
0.20% |
12/22/11 | 12/22/11 | 50,000,000 | 49,994,167 | ||||||||||||
0.21% |
12/6/11 | 12/6/11 | 91,500,000 | 91,497,401 | ||||||||||||
0.21% |
12/20/11 | 12/20/11 | 62,000,000 | 61,993,128 | ||||||||||||
0.23% |
1/3/12 | 1/3/12 | 20,000,000 | 19,995,783 | ||||||||||||
Chariot Funding LLC: |
||||||||||||||||
0.12%3 |
12/1/11 | 12/1/11 | 7,550,000 | 7,550,000 | ||||||||||||
0.14%3 |
12/15/11 | 12/15/11 | 32,000,000 | 31,998,258 | ||||||||||||
0.15%3 |
12/5/11 | 12/5/11 | 117,000,000 | 116,998,050 | ||||||||||||
Gotham Funding Corp., 0.14%3 |
12/7/11 | 12/7/11 | 50,000,000 | 49,998,833 |
Maturity | Final Legal | Principal | ||||||||||||||
Date* | Maturity Date** | Amount | Value | |||||||||||||
Receivables Finance Continued |
||||||||||||||||
Lexington Parker Capital Co. LLC: |
||||||||||||||||
0.37%3 |
1/18/12 | 1/18/12 | $ | 40,000,000 | $ | 39,980,267 | ||||||||||
0.37%3 |
1/20/12 | 1/20/12 | 39,000,000 | 38,979,958 | ||||||||||||
0.37%3 |
1/24/12 | 1/24/12 | 39,000,000 | 38,978,355 | ||||||||||||
Market Street Funding LLC, 0.23%3 |
2/1/12 | 2/1/12 | 47,535,000 | 47,516,171 | ||||||||||||
Mont Blanc Capital Corp.: |
||||||||||||||||
0.24%3 |
12/9/11 | 12/9/11 | 46,000,000 | 45,997,547 | ||||||||||||
0.27%3 |
12/1/11 | 12/1/11 | 127,000,000 | 127,000,000 | ||||||||||||
0.27%3 |
12/6/11 | 12/6/11 | 30,900,000 | 30,898,841 | ||||||||||||
Sheffield Receivables Corp.: |
||||||||||||||||
0.20%3 |
12/9/11 | 12/9/11 | 40,000,000 | 39,998,222 | ||||||||||||
0.20%3 |
12/20/11 | 12/20/11 | 20,000,000 | 19,997,783 | ||||||||||||
0.21%3 |
12/15/11 | 12/15/11 | 50,000,000 | 49,995,917 | ||||||||||||
0.21%3 |
12/19/11 | 12/19/11 | 40,000,000 | 39,995,800 | ||||||||||||
0.22%3 |
12/22/11 | 12/22/11 | 50,000,000 | 49,993,583 | ||||||||||||
Variable Funding Capital Corp., 0.10%3 |
12/1/11 | 12/1/11 | 36,196,000 | 36,196,000 | ||||||||||||
1,086,750,184 | ||||||||||||||||
Special Purpose Financial5.7% |
||||||||||||||||
Concord Minutemen Cap. Corp. LLC: |
||||||||||||||||
0.28% |
12/2/11 | 12/2/11 | 16,000,000 | 15,999,876 | ||||||||||||
0.32% |
1/5/12 | 1/5/12 | 30,000,000 | 29,990,667 | ||||||||||||
0.35% |
1/10/12 | 1/10/12 | 148,000,000 | 147,944,044 | ||||||||||||
0.37% |
1/12/12 | 1/12/12 | 67,500,000 | 67,472,029 | ||||||||||||
0.37% |
1/19/12 | 1/19/12 | 10,000,000 | 9,994,964 | ||||||||||||
0.37% |
1/24/12 | 1/24/12 | 17,000,000 | 16,990,565 | ||||||||||||
FCAR Owner Trust I: |
||||||||||||||||
0.28% |
1/6/12 | 1/6/12 | 13,400,000 | 13,396,248 | ||||||||||||
0.28% |
1/9/12 | 1/9/12 | 21,300,000 | 21,293,539 | ||||||||||||
Lexington Parker Capital Co. LLC: |
||||||||||||||||
0.30%3 |
12/1/11 | 12/1/11 | 9,800,000 | 9,800,000 | ||||||||||||
0.37%3 |
1/13/12 | 1/13/12 | 50,000,000 | 49,977,903 | ||||||||||||
0.37%3 |
1/19/12 | 1/19/12 | 27,000,000 | 26,986,403 | ||||||||||||
409,846,238 | ||||||||||||||||
Total Short-Term Notes (Cost $2,975,923,655) |
2,975,923,655 | |||||||||||||||
U.S. Government Obligations6.4% |
||||||||||||||||
U.S. Treasury Nts.: |
||||||||||||||||
0.75% |
5/31/12 | 5/31/12 | 50,000,000 | 50,114,631 | ||||||||||||
1.00% |
4/30/12 | 4/30/12 | 75,000,000 | 75,213,941 | ||||||||||||
1.13% |
12/15/11 | 12/15/11 | 50,000,000 | 50,014,873 | ||||||||||||
1.38% |
2/15/12 | 2/15/12 | 100,000,000 | 100,216,070 | ||||||||||||
1.38% |
5/15/12 | 5/15/12 | 100,000,000 | 100,495,727 | ||||||||||||
4.50% |
3/31/12 | 3/31/12 | 78,000,000 | 79,074,235 | ||||||||||||
Total U.S. Government Obligations (Cost $455,129,477) |
455,129,477 |
Maturity | Final Legal | Principal | ||||||||||||||
Date* | Maturity Date** | Amount | Value | |||||||||||||
Investment Company3.5% |
||||||||||||||||
Prime Money Market Fund RBC
Institutional, Cl. 1, 0.07%4 (Cost $249,927,665) |
12/1/11 | 12/1/11 | $ | 249,927,665 | $ | 249,927,665 | ||||||||||
Total Investments, at Value (Cost $7,146,116,097) |
100.0 | % | 7,146,116,097 | |||||||||||||
Other Assets Net of Liabilities |
0.0 | 1,561,243 | ||||||||||||||
Net Assets |
100.0 | % | $ | 7,147,677,340 | ||||||||||||
* | The Maturity Date represents the date used to calculate the Funds weighted average maturity as determined under Rule 2a-7. | |
** | If different from the Maturity Date, the Final Legal Maturity Date includes any maturity date extensions which may be affected at the option of the issuer or unconditional payments of principal by the issuer which may be affected at the option of the Fund, and represents the date used to calculate the Funds weighted average life as determined under Rule 2a-7. | |
1. | Represents securities sold under Rule 144A, which are exempt from registration under the Securities Act of 1933, as amended. These securities have been determined to be liquid under guidelines established by the Board of Trustees. These securities amount to $223,500,000 or 3.13% of the Funds net assets as of November 30, 2011. | |
2. | Represents the current interest rate for a variable or increasing rate security. | |
3. | Security issued in an exempt transaction without registration under the Securities Act of 1933. Such securities amount to $1,588,104,096 or 22.22% of the Funds net assets, and have been determined to be liquid pursuant to guidelines adopted by the Board of Trustees. | |
4. | Rate shown is the 7-day yield as of November 30, 2011. |
1) | Level 1unadjusted quoted prices in active markets for identical assets or liabilities (including securities actively traded on a securities exchange) | ||
2) | Level 2inputs other than unadjusted quoted prices that are observable for the asset or liability (such as unadjusted quoted prices for similar assets and market corroborated inputs such as interest rates, prepayment speeds, credit risks, etc.) | ||
3) | Level 3significant unobservable inputs (including the Managers own judgments about assumptions that market participants would use in pricing the asset or liability). |
Level 3 - | ||||||||||||||||
Level 1 - | Level 2 - | Significant | ||||||||||||||
Unadjusted | Other Significant | Unobservable | ||||||||||||||
Quoted Prices | Observable Inputs | Inputs | Value | |||||||||||||
Assets Table |
||||||||||||||||
Investments, at Value: |
||||||||||||||||
Certificates of Deposit |
$ | | $ | 2,747,655,308 | $ | | $ | 2,747,655,308 | ||||||||
Direct Bank Obligations |
| 717,479,992 | | 717,479,992 | ||||||||||||
Short-Term Notes |
| 2,975,923,655 | | 2,975,923,655 | ||||||||||||
U.S. Government Obligations |
| 455,129,477 | | 455,129,477 | ||||||||||||
Investment Company |
249,927,665 | | | 249,927,665 | ||||||||||||
Total Assets |
$ | 249,927,665 | $ | 6,896,188,432 | $ | | $ | 7,146,116,097 | ||||||||
Assets |
||||
Investments, at value (cost $7,146,116,097)see accompanying statement of investments |
$ | 7,146,116,097 | ||
Cash |
354,157 | |||
Receivables and other assets: |
||||
Interest and dividends |
2,571,469 | |||
Other |
237,088 | |||
Total assets |
7,149,278,811 | |||
Liabilities |
||||
Payables and other liabilities: |
||||
Dividends |
876,156 | |||
Trustees compensation |
587,867 | |||
Legal, auditing and other professional fees |
68,940 | |||
Transfer and shareholder servicing agent fees |
33,469 | |||
Shareholder communications |
20,477 | |||
Service plan fees |
249 | |||
Other |
14,313 | |||
Total liabilities |
1,601,471 | |||
Net Assets |
$ | 7,147,677,340 | ||
Composition of Net Assets |
||||
Par value of shares of beneficial interest |
$ | 7,148,005 | ||
Additional paid-in capital |
7,140,856,947 | |||
Accumulated net investment loss |
(413,305 | ) | ||
Accumulated net realized gain on investments |
85,693 | |||
Net Assets |
$ | 7,147,677,340 | ||
Net Asset Value Per Share |
||||
Class E: |
||||
Net asset value and redemption price per share (based on net assets of
$6,311,493,263 and 6,311,720,614 shares of beneficial interest outstanding) |
$ | 1.00 | ||
Class L Shares: |
||||
Net asset value and redemption price per share (based on net assets of
$828,306,721 and 828,421,990 shares of beneficial interest outstanding) |
$ | 1.00 | ||
Class P Shares: |
||||
Net asset value and redemption price per share (based on net assets of
$7,877,356 and 7,862,348 shares of beneficial interest) |
$ | 1.00 |
Investment Income |
||||
Interest |
$ | 9,479,588 | ||
Dividends |
110,063 | |||
Total investment income |
9,589,651 | |||
Expenses |
||||
Management fees |
3,745,821 | |||
Transfer and shareholder servicing agent fees: |
||||
Class L |
235,959 | |||
Class P |
2,090 | |||
Shareholder communications: |
||||
Class E |
7,583 | |||
Class L |
41,279 | |||
Trustees compensation |
65,854 | |||
Service plan feesClass P |
10,449 | |||
Administration service fees |
750 | |||
Other |
82,934 | |||
Total expenses |
4,192,719 | |||
Less waivers and reimbursements of expenses |
(9,326 | ) | ||
Net expenses |
4,183,393 | |||
Net Investment Income |
5,406,258 | |||
Net Realized Gain on Investments |
27,192 | |||
Net Increase in Net Assets Resulting from Operations |
$ | 5,433,450 | ||
Six Months | Year | |||||||
Ended | Ended | |||||||
November 30, 2011 | May 31, | |||||||
(Unaudited) | 2011 | |||||||
Operations |
||||||||
Net investment income |
$ | 5,406,258 | $ | 14,864,788 | ||||
Net realized gain |
27,192 | 58,501 | ||||||
Net increase in net assets resulting from operations |
5,433,450 | 14,923,289 | ||||||
Dividends and/or Distributions to Shareholders |
||||||||
Dividends from net investment income: |
||||||||
Class E |
(5,034,331 | ) | (13,517,750 | ) | ||||
Class L |
(431,904 | ) | (1,686,524 | ) | ||||
Class P |
(2,270 | ) | (11,578 | ) | ||||
(5,468,505 | ) | (15,215,852 | ) | |||||
Distributions from net realized gain: |
||||||||
Class E |
| (23,827 | ) | |||||
Class L |
| (2,973 | ) | |||||
Class P |
| (20 | ) | |||||
| (26,820 | ) | ||||||
Beneficial Interest Transactions |
||||||||
Net increase (decrease) in net assets resulting from beneficial |
||||||||
interest transactions: |
||||||||
Class E |
(768,554,283 | ) | 1,795,209,103 | |||||
Class L |
(51,643,492 | ) | 116,191,381 | |||||
Class P |
(2,429,532 | ) | 2,055,645 | |||||
(822,627,307 | ) | 1,913,456,129 | ||||||
Net Assets |
||||||||
Total increase (decrease) |
(822,662,362 | ) | 1,913,136,746 | |||||
Beginning of period |
7,970,339,702 | 6,057,202,956 | ||||||
End of period (including accumulated net investment loss of
$413,305 and $351,058, respectively) |
$ | 7,147,677,340 | $ | 7,970,339,702 | ||||
Six Months | ||||||||||||||||||||||||
Ended | Year Ended May 31, | |||||||||||||||||||||||
Class E | November 30, 2011 | 2011 | 2010 | 2009 | 2008 | 20071 | ||||||||||||||||||
Per Share Operating Data |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Income from investment operationsnet
investment income and net realized gain2 |
| 3 | | 3 | | 3 | .02 | .05 | .03 | |||||||||||||||
Dividends and/or distributions to shareholders: |
||||||||||||||||||||||||
Dividends from net investment income |
| 3 | | 3 | | 3 | (.02 | ) | (.05 | ) | (.03 | ) | ||||||||||||
Distributions from net realized gain |
| | 3 | | | 3 | | | ||||||||||||||||
Total dividends and/or
distributions to shareholders |
| 3 | | 3 | | 3 | (.02 | ) | (.05 | ) | (.03 | ) | ||||||||||||
Net asset value, end of period |
$ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Total Return4 |
0.08 | % | 0.23 | % | 0.28 | % | 1.96 | % | 4.69 | % | 3.52 | % | ||||||||||||
Ratios/Supplemental Data |
||||||||||||||||||||||||
Net assets, end of period (in thousands) |
$ | 6,311,493 | $ | 7,080,092 | $ | 5,285,125 | $ | 6,608,401 | $ | 5,697,092 | $ | 3,963,198 | ||||||||||||
Average net assets (in thousands) |
$ | 6,517,474 | $ | 5,984,276 | $ | 5,755,335 | $ | 5,649,134 | $ | 5,462,546 | $ | 3,623,302 | ||||||||||||
Ratios to average net assets:5
|
||||||||||||||||||||||||
Net investment income |
0.15 | % | 0.22 | % | 0.28 | % | 1.89 | % | 4.55 | % | 5.25 | % | ||||||||||||
Total expenses |
0.10 | % | 0.11 | % | 0.12 | % | 0.13 | % | 0.11 | % | 0.11 | % | ||||||||||||
Expenses after payments, waivers and/or
reimbursements and reduction
to custodian expenses |
0.10 | % | 0.11 | % | 0.12 | % | 0.13 | % | 0.11 | % | 0.11 | % |
1. | For the period from October 3, 2006 (commencement of operations) to May 31, 2007. | |
2. | Per share amounts calculated based on the average shares outstanding during the period. | |
3. | Less than $0.005 per share. | |
4. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. | |
5. | Annualized for periods less than one full year. |
Six Months | ||||||||||||||||||||||||
Ended | Year Ended May 31, | |||||||||||||||||||||||
Class L | November 30, 2011 | 2011 | 2010 | 2009 | 2008 | 20071 | ||||||||||||||||||
Per Share Operating Data |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Income from investment operationsnet
investment income and net realized gain2 |
| 3 | | 3 | | 3 | .02 | .05 | .04 | |||||||||||||||
Dividends and/or distributions to shareholders: |
||||||||||||||||||||||||
Dividends from net investment income |
| 3 | | 3 | | 3 | (.02 | ) | (.05 | ) | (.04 | ) | ||||||||||||
Distributions from net realized gain |
| | 3 | | | 3 | | | ||||||||||||||||
Total dividends and/or
distributions to shareholders |
| 3 | | 3 | | 3 | (.02 | ) | (.05 | ) | (.04 | ) | ||||||||||||
Net asset value, end of period |
$ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Total Return4 |
0.05 | % | 0.17 | % | 0.23 | % | 1.95 | % | 4.69 | % | 3.61 | % | ||||||||||||
Ratios/Supplemental Data |
||||||||||||||||||||||||
Net assets, end of period (in thousands) |
$ | 828,307 | $ | 879,941 | $ | 763,826 | $ | 1,457,981 | $ | 753,342 | $ | 502 | ||||||||||||
Average net assets (in thousands) |
$ | 940,951 | $ | 948,365 | $ | 1,766,105 | $ | 1,219,384 | $ | 443,323 | $ | 68 | ||||||||||||
Ratios to average net assets:5
|
||||||||||||||||||||||||
Net investment income |
0.09 | % | 0.17 | % | 0.23 | % | 1.97 | % | 3.93 | % | 3.62 | % | ||||||||||||
Total expenses |
0.16 | % | 0.17 | % | 0.17 | % | 0.15 | % | 0.12 | % | 0.08 | % | ||||||||||||
Expenses after payments, waivers and/or
reimbursements and reduction
to custodian expenses |
0.16 | % | 0.17 | % | 0.17 | % | 0.14 | % | 0.12 | % | 0.08 | % |
1. | For the period from October 3, 2006 (commencement of operations) to May 31, 2007. | |
2. | Per share amounts calculated based on the average shares outstanding during the period. | |
3. | Less than $0.005 per share. | |
4. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. | |
5. | Annualized for periods less than one full year. |
Six Months | ||||||||||||||||||||||||
Ended | Year Ended May 31, | |||||||||||||||||||||||
Class P | November 30, 2011 | 2011 | 2010 | 2009 | 2008 | 20071 | ||||||||||||||||||
Per Share Operating Data |
||||||||||||||||||||||||
Net asset value, beginning of period |
$ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Income from
investment operationsnet investment income and net realized gain2 |
| 3 | | 3 | | 3 | .02 | .05 | | 3 | ||||||||||||||
Dividends and/or distributions to shareholders: |
||||||||||||||||||||||||
Dividends from net investment income |
| 3 | | 3 | | 3 | (.02 | ) | (.05 | ) | | 3 | ||||||||||||
Distributions from net realized gain |
| | 3 | | | 3 | | | ||||||||||||||||
Total
dividends and/or distributions to shareholders |
| 3 | | 3 | | 3 | (.02 | ) | (.05 | ) | | 3 | ||||||||||||
Net asset value, end of period |
$ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | $ | 1.00 | ||||||||||||
Total Return4 |
0.03 | % | 0.13 | % | 0.18 | % | 1.88 | % | 4.68 | % | 0.15 | % | ||||||||||||
Ratios/Supplemental Data |
||||||||||||||||||||||||
Net assets, end of period (in thousands) |
$ | 7,877 | $ | 10,307 | $ | 8,252 | $ | 17,823 | $ | 939 | $ | 10 | ||||||||||||
Average net assets (in thousands) |
$ | 8,323 | $ | 8,974 | $ | 12,254 | $ | 139,489 | $ | 517 | $ | 10 | ||||||||||||
Ratios to average net assets:5 |
||||||||||||||||||||||||
Net investment income |
0.06 | % | 0.12 | % | 0.19 | % | 2.26 | % | 3.78 | % | 4.79 | % | ||||||||||||
Total expenses |
0.40 | % | 0.41 | % | 0.53 | % | 0.39 | % | 2.14 | % | 0.10 | % | ||||||||||||
Expenses
after payments, waivers and/or reimbursements and reduction to custodian expenses |
0.20 | % | 0.21 | % | 0.22 | % | 0.18 | % | 0.20 | % | 0.10 | % |
1. | For the period from May 21, 2007 (inception of offering) to May 31, 2007. | |
2. | Per share amounts calculated based on the average shares outstanding during the period. | |
3. | Less than $0.005 per share. | |
4. | Assumes an initial investment on the business day before the first day of the fiscal period, with all dividends and distributions reinvested in additional shares on the reinvestment date, and redemption at the net asset value calculated on the last business day of the fiscal period. Total returns are not annualized for periods less than one full year. Returns do not reflect the deduction of taxes that a shareholder would pay on fund distributions or the redemption of fund shares. | |
5. | Annualized for periods less than one full year. |
Projected Benefit Obligations Increased |
$ | 9,233 | ||
Payments Made to Retired Trustees |
| |||
Accumulated Liability as of November 30, 2011 |
343,550 |
Six Months Ended November 30, 2011 | Year Ended May 31, 2011 | |||||||||||||||||||
Shares | Amount | Shares | Amount | |||||||||||||||||
Class E |
||||||||||||||||||||
Sold |
18,817,944,676 | $ | 18,817,944,676 | 42,807,694,143 | $ | 42,807,694,143 | ||||||||||||||
Dividends
and/or distributions reinvested |
630,338 | 630,338 | 1,461,348 | 1,461,348 | ||||||||||||||||
Redeemed |
(19,587,129,297 | ) | (19,587,129,297 | ) | (41,013,946,388 | ) | (41,013,946,388 | ) | ||||||||||||
Net increase (decrease) |
(768,554,283 | ) | $ | (768,554,283 | ) | 1,795,209,103 | $ | 1,795,209,103 | ||||||||||||
Class L |
||||||||||||||||||||
Sold |
14,294,929,428 | $ | 14,294,929,428 | 28,003,367,655 | $ | 28,003,367,655 | ||||||||||||||
Dividends
and/or distributions reinvested |
261,164 | 261,164 | 1,053,369 | 1,053,369 | ||||||||||||||||
Redeemed |
(14,346,834,084 | ) | (14,346,834,084 | ) | (27,888,229,643 | ) | (27,888,229,643 | ) | ||||||||||||
Net increase (decrease) |
(51,643,492 | ) | $ | (51,643,492 | ) | 116,191,381 | $ | 116,191,381 | ||||||||||||
Class P |
||||||||||||||||||||
Sold |
1,273,200 | $ | 1,273,200 | 8,500,000 | $ | 8,500,000 | ||||||||||||||
Dividends
and/or distributions reinvested |
1,268 | 1,268 | 3,402 | 3,402 | ||||||||||||||||
Redeemed |
(3,704,000 | ) | (3,704,000 | ) | (6,447,757 | ) | (6,447,757 | ) | ||||||||||||
Net increase (decrease) |
(2,429,532 | ) | $ | (2,429,532 | ) | 2,055,645 | $ | 2,055,645 | ||||||||||||
Trustees and Officers
|
Brian F. Wruble, Chairman of the Board of Trustees and Trustee | |
David K. Downes, Trustee | ||
Matthew P. Fink, Trustee | ||
Phillip A. Griffiths, Trustee | ||
Mary F. Miller, Trustee | ||
Joel W. Motley, Trustee | ||
Mary Ann Tynan, Trustee | ||
Joseph M. Wikler, Trustee | ||
Peter I. Wold, Trustee | ||
William F. Glavin, Jr., Trustee, President and Principal Executive Officer | ||
Carol E. Wolf, Vice President | ||
Christopher Proctor, Vice President | ||
Arthur S. Gabinet, Secretary | ||
Christina M. Nasta, Chief Business Officer | ||
Mark S. Vandehey, Vice President and Chief Compliance Officer | ||
Brian W. Wixted, Treasurer and Principal Financial & Accounting Officer | ||
Manager
|
OppenheimerFunds, Inc. | |
Distributor
|
OppenheimerFunds Distributor, Inc. | |
Transfer and Shareholder
|
OppenheimerFunds Services | |
Servicing Agent |
||
Independent
|
KPMG llp | |
Registered Public |
||
Accounting Firm |
||
Legal Counsel
|
Kramer Levin Naftalis & Frankel LLP | |
The financial statements included herein have been taken from the records of the | ||
Fund without examination of those records by the independent registered public | ||
accounting firm. |
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1. | The Funds Governance Committee (the Committee) will evaluate potential Board candidates to assess their qualifications. The Committee shall have the authority, upon approval of the Board, to retain an executive search firm to assist in this effort. The Committee may consider recommendations by business and personal contacts of current Board members and by executive search firms which the Committee may engage from time to time and may also consider shareholder recommendations. The Committee may consider the advice and recommendation of the Funds investment manager and its affiliates in making the selection. |
2. | The Committee shall screen candidates for Board membership. The Committee has not established specific qualifications that it believes must be met by a trustee nominee. In evaluating trustee nominees, the Committee considers, among other things, an individuals background, skills, and experience; whether the individual is an interested person as defined in the Investment Company Act of 1940; and whether the individual would be deemed an audit committee financial expert within the meaning of applicable SEC rules. The Committee also considers whether the individuals background, skills, and experience will complement the background, skills, and experience of other nominees and will contribute to the Board. There are no differences in the manner in which the Committee evaluates nominees for trustees based on whether the nominee is recommended by a shareholder. |
3. | The Committee may consider nominations from shareholders for the Board at such times as the Committee meets to consider new nominees for the Board. The Committee shall have the sole discretion to determine the candidates to present to the Board and, in such cases where required, to shareholders. Recommendations for trustee nominees should, at a minimum, be accompanied by the following: |
| the name, address, and business, educational, and/or other pertinent background of the person being recommended; | ||
| a statement concerning whether the person is an interested person as defined in the Investment Company Act of 1940; | ||
| any other information that the Funds would be required to include in a proxy statement concerning the person if he or she was nominated; and | ||
| the name and address of the person submitting the recommendation and, if that person is a shareholder, the period for which that person held Fund shares. |
The recommendation also can include any additional information which the person submitting it believes would assist the Committee in evaluating the recommendation. |
4. | Shareholders should note that a person who owns securities issued by Massachusetts Mutual Life Insurance Company (the parent company of the Funds investment adviser) would be deemed an interested person under the Investment Company Act of 1940. In addition, |
certain other relationships with Massachusetts Mutual Life Insurance Company or its subsidiaries, with registered broker-dealers, or with the Funds outside legal counsel may cause a person to be deemed an interested person. |
5. | Before the Committee decides to nominate an individual as a trustee, Committee members and other directors customarily interview the individual in person. In addition, the individual customarily is asked to complete a detailed questionnaire which is designed to elicit information which must be disclosed under SEC and stock exchange rules and to determine whether the individual is subject to any statutory disqualification from serving as a trustee of a registered investment company. |
(a) | (1) Not applicable to semiannual reports. |
(b) | Exhibit attached hereto. |
By:
|
/s/ William F. Glavin, Jr.
|
|||
William F. Glavin, Jr. | ||||
Principal Executive Officer | ||||
Date:
|
1/10/2012 |
By:
|
/s/ William F. Glavin, Jr. | |||
William F. Glavin, Jr. | ||||
Principal Executive Officer | ||||
Date:
|
1/10/2012 | |||
By:
|
/s/ Brian W. Wixted | |||
Brian W. Wixted | ||||
Principal Financial Officer | ||||
Date:
|
1/10/2012 |
1. | I have reviewed this report on Form N-CSR of Oppenheimer Institutional Money Market Fund; | |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; | |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; | |
4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; | ||
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; | ||
(c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and | ||
(d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this |
report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer and I have disclosed to the registrants auditors and the audit committee of the registrants board of Trustees (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and | ||
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
1. | I have reviewed this report on Form N-CSR of Oppenheimer Institutional Money Market Fund; | |
2. | Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report; | |
3. | Based on my knowledge, the financial statements, and other financial information included in this report, fairly present in all material respects the financial condition, results of operations, changes in net assets, and cash flows (if the financial statements are required to include a statement of cash flows) of the registrant as of, and for, the periods presented in this report; | |
4. | The registrants other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have: |
(a) | Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared; | ||
(b) | Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles; | ||
(c) | Evaluated the effectiveness of the registrants disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report based on such evaluation; and | ||
(d) | Disclosed in this report any change in the registrants internal control over financial reporting that occurred during the second fiscal quarter of the period covered by this report that has materially affected, or is reasonably likely to materially affect, the registrants internal control over financial reporting; and |
5. | The registrants other certifying officer and I have disclosed to the registrants auditors and the audit committee of the registrants board of Trustees (or persons performing the equivalent functions): |
(a) | All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrants ability to record, process, summarize, and report financial information; and | ||
(b) | Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrants internal control over financial reporting. |
1. | The Registrants periodic report on Form N-CSR for the period ended 11/30/2011 (the Form N-CSR) fully complies with the requirements of Section 15(d) of the Securities Exchange Act of 1934, as amended; and | ||
2. | The information contained in the Form N-CSR fairly presents, in all material respects, the financial condition and results of operations of the Registrant. This certification is being furnished to the Commission solely pursuant to 18 U.S.C. § 1350 and is not being filed as part of the Form N-CSR filed with the Commission. |
Principal Executive Officer
|
Principal Financial Officer | |
Oppenheimer Institutional Money Market Fund |
Oppenheimer Institutional Money Market Fund |
|
/s/ William F. Glavin, Jr.
|
/s/ Brian W. Wixted | |
William F. Glavin, Jr.
|
Brian W. Wixted | |
Date: 1/10/2012
|
Date: 1/10/2012 |
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