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Supplement dated April 10, 2017 to the Summary Prospectus
This supplement amends the Summary Prospectus of each of the above-referenced Funds (each, a “Fund”), and is in addition to any other supplements.
The reference in the section “Fees and Expenses of the Fund” to the Appendix in the Statement of Additional Information is revised to refer to the appendix to the prospectus titled “Special Sales Charge Arrangements and Waivers.”
April 10, 2017 | PS0000.163 |
Before you invest, you may want to review the Fund’s prospectus, which contains more information about the Fund and its risks. You can find the Fund’s prospectus, Statement of Additional Information, Annual Report and other information about the Fund online at https://www.oppenheimerfunds.com/fund/ValueFund. You can also get this information at no cost by calling 1.800.225.5677 or by sending an email request to: info@oppenheimerfunds.com. |
Class A | Class B | Class C | Class R | Class Y | Class I | ||
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) | 5.75% | None | None | None | None | None | |
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) | None | 5% | 1% | None | None | None |
Class A | Class B | Class C | Class R | Class Y | Class I | ||
Management Fees | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% | 0.48% | |
Distribution and/or Service (12b-1) Fees | 0.25% | 1.00% | 1.00% | 0.50% | None | None | |
Other Expenses | 0.24% | 0.24% | 0.23% | 0.23% | 0.23% | 0.04% | |
Total Annual Fund Operating Expenses | 0.97% | 1.72% | 1.71% | 1.21% | 0.71% | 0.52% |
1. | Expenses have been restated to reflect current fees. |
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 | $669 | $868 | $1,083 | $1,702 | $669 | $868 | $1,083 | $1,702 | |
Class B | $676 | $846 | $1,141 | $1,661 | $176 | $546 | $941 | $1,661 | |
Class C | $275 | $543 | $936 | $2,036 | $175 | $543 | $936 | $2,036 | |
Class R | $124 | $386 | $669 | $1,475 | $124 | $386 | $669 | $1,475 | |
Class Y | $73 | $228 | $396 | $886 | $73 | $228 | $396 | $886 | |
Class I | $53 | $167 | $291 | $654 | $53 | $167 | $291 | $654 |
■ | Attractive valuation, |
■ | Future supply/demand conditions for its key products, |
■ | Product cycles, |
■ | Quality of management, |
■ | Competitive position in the market place, |
■ | Reinvestment plans for cash generated, and |
■ | Better-than-expected earnings reports. |
■ | the stock price is approaching its price target, |
■ | the company’s fundamentals are deteriorating, or |
■ | alternative investment ideas have been developed. |
1 Year | 5 Years (or life of class if less) | 10 Years | ||
Class A Shares (inception 09/16/85) | ||||
Return Before Taxes | 5.94% | 10.75% | 4.19% | |
Return After Taxes on Distributions | 5.53% | 10.32% | 3.78% | |
Return After Taxes on Distributions and Sale of Fund Shares | 3.67% | 8.42% | 3.27% | |
Class B Shares (inception 10/02/95) | 6.51% | 10.92% | 4.29% | |
Class C Shares (inception 05/01/96) | 10.54% | 11.24% | 4.02% | |
Class R Shares (inception 03/01/01) | 12.13% | 11.80% | 4.53% | |
Class Y Shares (inception 12/16/96) | 12.67% | 12.41% | 5.18% | |
Class I Shares (inception 02/28/12) | 12.87% | 11.17% | N/A | |
Russell 1000 Value Index | 17.34% | 14.80% | 5.72% | |
(reflects no deduction for fees, expenses, or taxes) | 13.54%1 |
1. | As of 02/29/12 |
Telephone: | Call OppenheimerFunds Services toll-free: 1.800.CALL OPP (1.800.225.5677) | |
Mail: | For requests by mail: OppenheimerFunds Services P.O. Box 5270 Denver, Colorado 80217-5270 | For requests by courier or express mail: OppenheimerFunds Services 12100 East Iliff Avenue Suite 300 Aurora, Colorado 80014 |
Internet: | You may request documents, and read or download certain documents at www.oppenheimerfunds.com |
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