form_ex23-285.htm

0000355411-12-000005.txt : 20120229 0000355411-12-000005.hdr.sgml : 20120229 20120229131823 ACCESSION NUMBER: 0000355411-12-000005 CONFORMED SUBMISSION TYPE: NSAR-B PUBLIC DOCUMENT COUNT: 4 CONFORMED PERIOD OF REPORT: 20111230 FILED AS OF DATE: 20120229 DATE AS OF CHANGE: 20120229 EFFECTIVENESS DATE: 20120229 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER INTEGRITY FUNDS CENTRAL INDEX KEY: 0000701265 IRS NUMBER: 042509354 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: NSAR-B SEC ACT: 1940 Act SEC FILE NUMBER: 811-03420 FILM NUMBER: 12651299 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: 3RD FL CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: MASSMUTUAL INTEGRITY FUNDS DATE OF NAME CHANGE: 19910329 FORMER COMPANY: FORMER CONFORMED NAME: MASSMUTUAL LIQUID ASSETS TRUST DATE OF NAME CHANGE: 19880403

0000701265 S000008824 Oppenheimer Core Bond Fund

C000024033 A

C000024034 B

C000024035 C

C000024036 N

C000024037 Y

C000113139 I

NSAR-B 1 answer.fil OPPENHEIMER INTEGRITY FUNDS PAGE 1 000 B000000 12/30/2011 000 C000000 701265 000 D000000 N 000 E000000 NF 000 F000000 Y 000 G000000 N 000 H000000 N 000 I000000 6.1 000 J000000 A 001 A000000 OPPENHEIMER INTEGRITY FUNDS 001 B000000 811-3420 001 C000000 3037683468 002 A000000 6803 S. Tucson Way 002 B000000 Centennial 002 C000000 CO 002 D010000 80112 002 D020000 3924 003 000000 N 004 000000 N 005 000000 N 006 000000 N 007 A000000 Y 007 B000000 1 007 C010100 1 007 C020100 Oppenheimer Core Bond Fund 007 C030100 N 008 A000101 OPPENHEIMERFUNDS, INC 008 B000101 A 008 C000101 801-8253 008 D010101 NEW YORK 008 D020101 NY 008 D030101 10281 008 D040101 1008 011 A00AA01 OPPENHEIMERFUNDS DISTRIBUTOR, INC 011 B00AA01 8-22992 011 C01AA01 NEW YORK 011 C02AA01 NY 011 C03AA01 10281 011 C04AA01 1008 012 A00AA01 OPPENHEIMERFUNDS, INC 012 B00AA01 84-01562 012 C01AA01 CENTENNIAL 012 C02AA01 CO 012 C03AA01 80112 013 A00AA01 KPMG LLP 013 B01AA01 DENVER 013 B02AA01 CO 013 B03AA01 80202 015 A00AA01 JP MORGAN CHASE BANK 015 B00AA01 C 015 C01AA01 BROOKLYN PAGE 2 015 C02AA01 NY 015 C03AA01 11245 015 E01AA01 X 018 00AA00 Y 019 A00AA00 Y 019 B00AA00 95 019 C00AA00 OPPENHEIMR 020 A000001 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. 020 B000001 13-5674085 020 C000001 21 021 000000 21 022 A000001 BARCLAYS CAPITAL, INC. 022 B000001 06-1031656 022 C000001 171783 022 D000001 65613 022 A000002 JP MORGAN SECURITIES INC. 022 B000002 13-3224016 022 C000002 103004 022 D000002 65981 022 A000003 CITIGROUP GLOBAL MARKETS INC. 022 B000003 11-2418191 022 C000003 92945 022 D000003 72062 022 A000004 DEUTSCHE BANK SECURITIES INC. 022 B000004 13-2730828 022 C000004 92466 022 D000004 37139 022 A000005 MERRILL LYNCH, PIERCE, FENNER & SMITH INC. 022 B000005 13-5674085 022 C000005 61662 022 D000005 34297 022 A000006 NOMURA SECURITIES INTERNATIONAL, INC. 022 B000006 13-2642206 022 C000006 26133 022 D000006 42016 022 A000007 MORGAN STANLEY & CO. INCORPORATED 022 B000007 13-2655998 022 C000007 30443 022 D000007 27388 022 A000008 CREDIT SUISSE SECURITIES (USA) LLC 022 B000008 13-8988118 022 C000008 26084 022 D000008 22332 022 A000009 GOLDMAN, SACHS & CO. 022 B000009 13-5108880 022 C000009 19732 022 D000009 19191 022 A000010 BNP PARIBAS SECURITIES CORP. 022 B000010 13-3235334 022 C000010 1892 022 D000010 5485 PAGE 3 023 C000000 693241 023 D000000 479418 024 00AA00 N 025 D00AA01 0 025 D00AA02 0 025 D00AA03 0 026 A000000 N 026 B000000 Y 026 C000000 N 026 D000000 Y 026 E000000 N 026 F000000 N 026 G010000 N 026 G020000 N 026 H000000 N 027 000000 Y 028 A010100 17254 028 A020100 0 028 A030100 0 028 A040100 43349 028 B010100 66890 028 B020100 4101 028 B030100 0 028 B040100 41546 028 C010100 28921 028 C020100 3950 028 C030100 0 028 C040100 19849 028 D010100 40059 028 D020100 3760 028 D030100 0 028 D040100 40478 028 E010100 26656 028 E020100 3414 028 E030100 0 028 E040100 26744 028 F010100 41815 028 F020100 10324 028 F030100 0 028 F040100 28183 028 G010100 221595 028 G020100 25549 028 G030100 0 028 G040100 200149 028 H000100 29305 029 000100 Y 030 A000100 544 030 B000100 4.75 030 C000100 0.00 031 A000100 165 031 B000100 0 PAGE 4 032 000100 379 033 000100 0 034 000100 Y 035 000100 89 036 A000100 N 036 B000100 0 037 00AA00 N 038 00AA00 0 039 00AA00 N 040 00AA00 Y 041 00AA00 Y 042 A000100 0 042 B000100 0 042 C000100 0 042 D000100 0 042 E000100 0 042 F000100 0 042 G000100 0 042 H000100 0 043 000100 2769 044 000100 7131 045 000100 Y 046 000100 N 047 000100 Y 048 000100 0.000 048 A010100 1000000 048 A020100 0.500 048 B010100 0 048 B020100 0.000 048 C010100 0 048 C020100 0.000 048 D010100 0 048 D020100 0.000 048 E010100 0 048 E020100 0.000 048 F010100 0 048 F020100 0.000 048 G010100 0 048 G020100 0.000 048 H010100 0 048 H020100 0.000 048 I010100 0 048 I020100 0.000 048 J010100 0 048 J020100 0.000 048 K010100 1000000 048 K020100 0.350 049 00AA00 N 050 00AA00 N 051 00AA00 N 052 00AA00 N PAGE 5 053 A00AA00 Y 053 B00AA00 Y 053 C00AA00 N 054 A00AA00 Y 054 B00AA00 Y 054 C00AA00 Y 054 D00AA00 N 054 E00AA00 N 054 F00AA00 N 054 G00AA00 Y 054 H00AA00 Y 054 I00AA00 N 054 J00AA00 Y 054 K00AA00 N 054 L00AA00 Y 054 M00AA00 Y 054 N00AA00 N 054 O00AA00 Y 055 A000100 N 055 B000100 N 056 000100 Y 057 000100 N 058 A00AA00 N 059 00AA00 Y 060 A00AA00 Y 060 B00AA00 Y 061 00AA00 1000 062 A000100 Y 062 B000100 0.0 062 C000100 0.0 062 D000100 0.0 062 E000100 0.0 062 F000100 0.0 062 G000100 0.0 062 H000100 0.0 062 I000100 0.0 062 J000100 0.0 062 K000100 0.0 062 L000100 0.0 062 M000100 3.8 062 N000100 66.3 062 O000100 0.0 062 P000100 40.7 062 Q000100 9.7 062 R000100 18.2 063 A000100 0 063 B000100 16.1 064 A000100 Y 064 B000100 Y 065 000100 N 066 A000100 N PAGE 6 067 000100 N 068 A000100 N 068 B000100 N 069 000100 N 070 A010100 Y 070 A020100 N 070 B010100 Y 070 B020100 N 070 C010100 Y 070 C020100 N 070 D010100 Y 070 D020100 N 070 E010100 Y 070 E020100 Y 070 F010100 Y 070 F020100 N 070 G010100 Y 070 G020100 N 070 H010100 Y 070 H020100 N 070 I010100 Y 070 I020100 N 070 J010100 Y 070 J020100 Y 070 K010100 Y 070 K020100 Y 070 L010100 Y 070 L020100 Y 070 M010100 Y 070 M020100 N 070 N010100 Y 070 N020100 N 070 O010100 Y 070 O020100 N 070 P010100 Y 070 P020100 Y 070 Q010100 N 070 Q020100 N 070 R010100 Y 070 R020100 N 071 A000100 794817 071 B000100 775403 071 C000100 824893 071 D000100 94 072 A000100 12 072 B000100 47518 072 C000100 354 072 D000100 0 072 E000100 12315 072 F000100 5506 072 G000100 2 PAGE 7 072 H000100 0 072 I000100 1592 072 J000100 28 072 K000100 0 072 L000100 0 072 M000100 58 072 N000100 12 072 O000100 0 072 P000100 0 072 Q000100 0 072 R000100 39 072 S000100 23 072 T000100 2504 072 U000100 0 072 V000100 0 072 W000100 293 072 X000100 10057 072 Y000100 1017 072 Z000100 51147 072AA000100 34365 072BB000100 0 072CC010100 0 072CC020100 2369 072DD010100 18164 072DD020100 1061 072EE000100 0 073 A010100 0.3015 073 A020100 0.2524 073 B000100 0.0000 073 C000100 0.0000 074 A000100 0 074 B000100 0 074 C000100 0 074 D000100 1437380 074 E000100 0 074 F000100 216745 074 G000100 0 074 H000100 0 074 I000100 0 074 J000100 11678 074 K000100 0 074 L000100 10751 074 M000100 789 074 N000100 1677343 074 O000100 482731 074 P000100 291 074 Q000100 0 074 R010100 0 074 R020100 0 074 R030100 0 074 R040100 2042 PAGE 8 074 S000100 0 074 T000100 1192279 074 U010100 61222 074 U020100 4301 074 V010100 6.63 074 V020100 6.63 074 W000100 0.0000 074 X000100 80820 074 Y000100 863356 075 A000100 0 075 B000100 1144684 076 000100 0.00 077 A000000 Y 077 B000000 Y 077 E000000 Y 077 Q010000 N 077 Q020000 N 077 Q030000 N 078 000000 N 080 A00AA00 ICI Mutual Insurance Co. 080 C00AA00 130000 081 A00AA00 Y 081 B00AA00 120 082 A00AA00 N 082 B00AA00 0 083 A00AA00 N 083 B00AA00 0 084 A00AA00 N 084 B00AA00 0 085 A00AA00 Y 085 B00AA00 N 086 A010000 0 086 A020000 0 086 B010000 0 086 B020000 0 086 C010000 0 086 C020000 0 086 D010000 0 086 D020000 0 086 E010000 0 086 E020000 0 086 F010000 0 086 F020000 0 SIGNATURE BRIAN W. WIXTED TITLE TREASURER EX-23 2 form_ex23-285.htm OPPENHEIMER INTEGRITY FUNDS form_ex23-285.htm

Report of Independent Registered Public Accounting Firm

The Board of Trustees and Shareholders

Oppenheimer Integrity Fund:

In planning and performing our audit of the financial statements of Oppenheimer Core Bond Fund (the only portfolio constituting the Oppenheimer Integrity Fund) (the Fund) as of and for the year ended December 30, 2011, in accordance with the standards of the Public Company Accounting Oversight Board (United States), we considered the Fund’s internal control over financial reporting, including controls over safeguarding securities, as a basis for designing our auditing procedures for the purpose of expressing our opinion on the financial statements and to comply with the requirements of Form N-SAR, but not for the purpose of expressing an opinion on the effectiveness of the Fund’s internal control over financial reporting. Accordingly, we express no such opinion.

Management of the Fund is responsible for establishing and maintaining effective internal control over financial reporting. In fulfilling this responsibility, estimates and judgments by management are required to assess the expected benefits and related costs of controls. A company’s internal control over financial reporting is a process designed 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. A company’s internal control over financial reporting includes those policies and procedures that (1) pertain to the maintenance of records that, in reasonable detail, accurately and fairly reflect the transactions and dispositions of the assets of the company; (2) provide reasonable assurance that transactions are recorded as necessary to permit preparation of financial statements in accordance with generally accepted accounting principles, and that receipts and expenditures of the company are being made only in accordance with authorizations of management and directors of the company; and (3) provide reasonable assurance regarding prevention or timely detection of unauthorized acquisition, use, or disposition of the company’s assets that could have a material effect on the financial statements.

Because of its inherent limitations, internal control over financial reporting may not prevent or detect misstatements. Also, projections of any evaluation of effectiveness to future periods are subject to the risk that controls may become inadequate because of changes in conditions, or that the degree of compliance with the policies or procedures may deteriorate.

A deficiency in internal control over financial reporting exists when the design or operation of a control does not allow management or employees, in the normal course of performing their assigned functions, to prevent or detect misstatements on a timely basis. A material weakness is a deficiency, or a combination of deficiencies, in internal control over financial reporting, such that there is a reasonable possibility that a material misstatement of the Fund’s annual or interim financial statements will not be prevented or detected on a timely basis.

Our consideration of the Fund’s internal control over financial reporting was for the limited purpose described in the first paragraph and would not necessarily disclose all deficiencies in internal control that might be material weaknesses under standards established by the Public Company Accounting Oversight Board (United States). However, we noted no deficiencies in the Fund’s internal control over financial reporting and its operation, including controls over safeguarding securities, that we consider to be a material weakness as defined above as of December 30, 2011.

This report is intended solely for the information and use of management and the Board of Trustees and Shareholders of Oppenheimer Integrity Fund and the Securities and Exchange Commission, and is not intended to be and should not be used by anyone other than these specified parties.

KPMG LLP

Denver, Colorado

February 21, 2012

EX-99.77E LEGAL 3 form_ex77e-285.htm OPPENHEIMER INTEGRITY FUNDS form_ex77e-285.htm

N-SAR EXHIBIT 77E

Pending Litigation. Since 2009, a number of class action, derivative and individual lawsuits have been pending in federal and state courts against OppenheimerFunds, Inc., the Fund’s investment advisor (the “Manager”), OppenheimerFunds Distributor, Inc., the Fund’s principal underwriter and distributor (the “Distributor”), and certain funds – including the Fund – advised by the Manager and distributed by the Distributor (the “Defendant Funds”). Several of these lawsuits also name as defendants certain officers and current and former trustees of the respective Defendant Funds. The lawsuits raise claims under federal securities laws and various states’ securities, consumer protection and common law and allege, among other things, that the disclosure documents of the respective Defendant Funds contained misrepresentations and omissions and that the respective Defendant Funds’ investment policies were not followed. The plaintiffs in these actions seek unspecified damages, equitable relief and awards of attorneys’ fees and litigation expenses. On June 1, 2011, the U.S. District Court for the District of Colorado gave preliminary approval to stipulations and agreements of settlement in certain putative class action lawsuits involving the Fund and Oppenheimer Champion Income Fund. On September 30, 2011, the court entered orders and final judgments approving the settlements as fair, reasonable and adequate. Those orders are not subject to further appeal. These settlements do not resolve other outstanding lawsuits relating to the Fund or Oppenheimer Champion Income Fund, nor do the settlements affect certain other putative class action lawsuits pending in federal court against the Manager, the Distributor, and other Defendant Funds and their independent trustees.

In 2009, what are claimed to be derivative lawsuits were filed in New Mexico state court against the Manager and a subsidiary (but not against the Fund) on behalf of the New Mexico Education Plan Trust challenging a settlement reached in 2010 between the Manager, its subsidiary and the Distributor and the board of the New Mexico section 529 college savings plan. These lawsuits allege breach of contract, breach of fiduciary duty, negligence and violation of state securities laws, and seek compensatory damages, equitable relief and an award of attorneys’ fees and litigation expenses. On September 9, 2011, the court denied plaintiffs’ request for a hearing to determine the fairness of the settlement, finding that plaintiffs lacked standing to pursue derivative claims on behalf of the Trust. On October 27, 2011, the parties to these actions filed a joint motion to dismiss the lawsuits with prejudice, which the court granted on October 28, 2011.

Other class action and individual lawsuits have been filed since 2008 in various state and federal courts against the Manager and certain of its affiliates by investors seeking to recover investments they allegedly lost as a result of the “Ponzi” scheme run by Bernard L. Madoff and his firm, Bernard L. Madoff Investment Securities, LLC (“BLMIS”). Plaintiffs in these suits allege that they suffered losses as a result of their investments in several funds managed by an affiliate of the Manager and assert a variety of claims, including breach of fiduciary duty, fraud, negligent misrepresentation, unjust enrichment, and violation of federal and state securities laws and regulations, among others. They seek unspecified damages, equitable relief and awards of attorneys’ fees and litigation expenses. Neither the Distributor, nor any of the Oppenheimer mutual funds, their independent trustees or directors are named as defendants in these lawsuits. None of the Oppenheimer mutual funds invested in any funds or accounts managed by Madoff or BLMIS. On February 28, 2011, a stipulation of partial settlement of three groups of consolidated putative class action lawsuits relating to these matters was filed in the U.S. District Court for the Southern District of New York. On August 19, 2011, the court entered an order and final judgment approving the settlement as fair, reasonable and adequate. In September 2011, certain parties filed notices of appeal from the court’s order approving the settlement. On July 29, 2011, a stipulation of settlement between certain affiliates of the Manager and the Trustee appointed under the Securities Investor Protection Act to liquidate BLMIS was filed in the U.S. Bankruptcy Court for the Southern District of New York to resolve purported preference and fraudulent transfer claims by the Trustee. On September 22, 2011, the court entered an order approving the settlement as fair, reasonable and adequate. In October 2011, certain parties filed notices of appeal from the court’s order approving the settlement. The aforementioned settlements do not resolve other outstanding lawsuits against the Manager and its affiliates relating to BLMIS.

On April 16, 2010, a lawsuit was filed in New York state court against the Manager, an affiliate of the Manager and AAArdvark IV Funding Limited (“AAArdvark IV”), an entity advised by the Manager’s affiliate, in connection with investments made by the plaintiffs in AAArdvark IV. Plaintiffs allege breach of contract against the defendants and seek compensatory damages, costs and disbursements, including attorney fees. On July 15, 2011, a lawsuit was filed in New York state court against the Manager, an affiliate of the Manager and AAArdvark Funding Limited (“AAArdvark I”), an entity advised by the Manager’s affiliate, in connection with investments made by the plaintiffs in AAArdvark I. The complaint alleges breach of contract against the defendants and seeks compensatory damages, costs and disbursements, including attorney fees. On November 9, 2011, a lawsuit was filed in New York state court against the Manager, an affiliate of the Manager and AAArdvark XS Funding Limited (“AAArdvark XS”), an entity advised by the Manager’s affiliate, in connection with investments made by the plaintiffs in AAArdvark XS. The complaint alleges breach of contract against the defendants and seeks compensatory damages, costs and disbursements, including attorney fees.

The Manager believes the lawsuits and appeals described above are without legal merit and, with the exception of actions it has settled, is defending against them vigorously. The Defendant Funds’ Boards of Trustees have also engaged counsel to represent the Funds and the present and former Independent Trustees named in those suits. While it is premature to render any opinion as to the outcome in these lawsuits, or whether any costs that the Defendant Funds may bear in defending the suits might not be reimbursed by insurance, the Manager believes that these suits should not impair the ability of the Manager or the Distributor to perform their respective duties to the Fund, and that the outcome of all of the suits together should not have any material effect on the operations of any of the Oppenheimer mutual funds.

EX-99 4 form_ex99a-285.htm OPPENHEIMER INTEGRITY FUNDS form_ex99a-285.htm

Net investment income (loss) and net realized gain (loss) may differ for financial

statement and tax purposes. The character of dividends and distributions made during

the fiscal year from net investment income or net realized gains may differ from their

ultimate characterization for federal income tax purposes. Also, due to timing of dividends

and distributions, the fiscal year in which amounts are distributed may differ from the

fiscal year in which the income or net realized gain was recorded by the Fund.

Accordingly, the following amounts have been reclassified for December 30, 2011. Net assets

of the Fund were unaffected by the reclassifications.

Reduction to Increase to

Accumulated Accumulated Net

Net Investment Realized Loss

Loss on Investments

--------------------------------------------------------------------------

$2,835,021 $2,835,021