0000728889-14-001252.txt : 20141020 0000728889-14-001252.hdr.sgml : 20141020 20141020151055 ACCESSION NUMBER: 0000728889-14-001252 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20141020 DATE AS OF CHANGE: 20141020 EFFECTIVENESS DATE: 20141020 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER INTEGRITY FUNDS CENTRAL INDEX KEY: 0000701265 IRS NUMBER: 042509354 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-76547 FILM NUMBER: 141163820 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 R C000024037 Y C000113139 I 497 1 integrityfund497.htm

OPPENHEIMER CORE BOND FUND

Supplement dated October 20, 2014 to the

Prospectus dated March 28, 2014

 

 

This supplement amends the Prospectus of Oppenheimer Core Bond Fund (the “Fund”), dated March 28, 2014, and is in addition to any other supplement(s).

Effective immediately:

1.The tables titled “Shareholder Fees” and “Annual Fund Operating Expenses,” and the footnotes that immediately follow those tables, on page 3 of the Prospectus, have been deleted in their entirety and replaced with the following:
Shareholder Fees (fees paid directly from your investment)
  Class A Class B Class C Class R Class Y Class I
Maximum Sales Charge (Load) imposed on purchases (as a % of offering price) 4.75% None None None None None
Maximum Deferred Sales Charge (Load) (as a % of the lower of original offering price or redemption proceeds) None 5% 1% None None None

 

Annual Fund Operating Expenses1 (expenses that you pay each year as a percentage of the value of your investment)
  Class A Class B Class C Class R Class Y Class I
Management Fees 0.49% 0.49% 0.49% 0.49% 0.49% 0.49%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% 1.00% 0.50% None None
Other Expenses 0.24% 0.24% 0.24% 0.24% 0.24% 0.05%
Acquired Fund Fees and Expenses 0.01% 0.01% 0.01% 0.01% 0.01% 0.01%
Total Annual Fund Operating Expenses 0.99% 1.74% 1.74% 1.24% 0.74% 0.55%

Fee Waiver and/or Expense

Reimbursement2

 (0.14%) (0.08%) (0.08%) (0.08%) (0.14%) (0.02%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.85% 1.66% 1.66% 1.16% 0.60% 0.53%
1.Expenses have been restated to reflect current fees.
2.After discussions with the Fund's Board, the Manager has contractually agreed to waive fees and/or reimburse the Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" to annual rates of 0.85% for Class A and 0.60% for Class Y shares, as calculated on the daily net assets of the Fund. In addition, the Manager has contractually agreed to waive fees and/or reimburse the Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (excluding any applicable interest and fees from borrowing, interest and related expenses from inverse floaters, dividend expense, taxes, any subsidiary expenses, Acquired Fund Fees and Expenses, brokerage commissions, extraordinary expenses and certain other Fund expenses) to annual rates of 1.65% for Class B and Class C shares, and 1.15% for Class R shares, as calculated on the daily net assets of the Fund. After discussions with the Fund's Board, the Manager has contractually agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund's investments in funds managed by the Manager or its affiliates. Each of these fee waivers and/or expense reimbursements may not be amended or withdrawn for one year from the date of this prospectus supplement, unless approved by the Board.

 

 

2.The table under the section titled “Example,” on page 3 of the Prospectus, has been deleted in its entirety and replaced with the following:
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 $558 $763 $986 $1,624 $558 $763 $986 $1,624
Class B $670 $845 $1,144 $1,677 $170 $545 $944 $1,677
Class C $270 $545 $944 $2,063 $170 $545 $944 $2,063
Class R $119 $388 $677 $1,502 $119 $388 $677 $1,502
Class Y $62 $223 $399 $909 $62 $223 $399 $909
Class  I $54 $175 $306 $689 $54 $175 $306 $689

 

 

 

3.The second paragraph of the section titled “Advisory Fees,” on pages 14-15 of the Prospectus, has been deleted in its entirety and replaced with the following:

 

After discussions with the Fund's Board, the Manager has contractually agreed to waive fees and/or reimburse the Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" to annual rates of 0.85% for Class A shares, and 0.60% for Class Y shares, as calculated on the daily net assets of the Fund. In addition, the Manager has contractually agreed to waive fees and/or reimburse the Fund for certain expenses in order to limit "Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement" (excluding (i) interest and fees from borrowing, interest and related expenses from inverse floaters, taxes, dividends tied to short sales, brokerage commissions, and other expenditures which are capitalized in accordance with generally accepted accounting principles; (ii) expenses incurred directly or indirectly by the Fund as a result of investments in other investment companies, wholly-owned subsidiaries and pooled investment vehicles; (iii) certain other expenses attributable to, and incurred as a result of, a Fund's investments; and (iv) other extraordinary expenses (including litigation expenses) not incurred in the ordinary course of the Fund's business) to annual rates of 1.65% for Class B and Class C shares, and 1.15% for Class R shares, as calculated on the daily net assets of the Fund. After discussions with the Fund's Board, the Manager has contractually agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund's investments in funds managed by the Manager or its affiliates. Each of these fee waivers and/or expense reimbursements may not be amended or withdrawn for one year from the date of this prospectus supplement, unless approved by the Board.

 

 

 

 

 

 

October 20, 2014 PS0285.044