0000950123-12-008652.txt : 20120530
0000950123-12-008652.hdr.sgml : 20120530
20120530112127
ACCESSION NUMBER: 0000950123-12-008652
CONFORMED SUBMISSION TYPE: N-Q
PUBLIC DOCUMENT COUNT: 2
CONFORMED PERIOD OF REPORT: 20120330
FILED AS OF DATE: 20120530
DATE AS OF CHANGE: 20120530
EFFECTIVENESS DATE: 20120530
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: N-Q
SEC ACT: 1940 Act
SEC FILE NUMBER: 811-03420
FILM NUMBER: 12876287
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
N-Q
1
g60396nvq.txt
FORM N-Q
================================================================================
UNITED STATES
SECURITIES AND EXCHANGE COMMISSION
WASHINGTON, D.C. 20549
FORM N-Q
QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED MANAGEMENT INVESTMENT
COMPANY
Investment Company Act file number 811-3420
Oppenheimer Integrity Funds
--------------------------------------------------
(Exact name of registrant as specified in charter)
6803 South Tucson Way, Centennial, Colorado 80112-3924
------------------------------------------------------
(Address of principal executive offices) (Zip code)
Arthur S. Gabinet
OppenheimerFunds, Inc.
Two World Financial Center, New York, New York 10281-1008
---------------------------------------------------------
(Name and address of agent for service)
Registrant's telephone number, including area code: (303) 768-3200
Date of fiscal year end: December 31
Date of reporting period: 3/30/2012
================================================================================
ITEM 1. SCHEDULE OF INVESTMENTS.
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
ASSET-BACKED SECURITIES-9.9%
AESOP Funding II LLC, Automobile Receivables Nts., Series
2011-1A, Cl. A, 1.85%, 11/20/13(1) $ 1,460,000 $ 1,464,584
--------------------------------------------------------------------------------------------------------------
Ally Master Owner Trust 2010-1, Asset-Backed Certificates,
Series 2010-1, Cl. A, 1.992%, 1/15/15(1,2) 1,245,000 1,259,776
--------------------------------------------------------------------------------------------------------------
Ally Master Owner Trust 2010-3, Asset-Backed Certificates,
Series 2010-3, Cl. A, 2.88%, 4/15/15(1) 4,595,000 4,678,645
--------------------------------------------------------------------------------------------------------------
Ally Master Owner Trust, Asset-Backed Nts., Series 2011-1,
Cl. A2, 2.15%, 1/15/16 1,595,000 1,629,639
--------------------------------------------------------------------------------------------------------------
Ally Master Owner Trust, Automobile Receivables Nts., Series
2011-4, Cl. A2, 1.54%, 9/15/16 3,295,000 3,317,670
--------------------------------------------------------------------------------------------------------------
AmeriCredit Automobile Receivables Trust 2009-1,
Automobile Receivables-Backed Nts., Series 2009-1, Cl. A3, 3.04%, 10/15/13 184,359 185,103
--------------------------------------------------------------------------------------------------------------
AmeriCredit Automobile Receivables Trust 2010-1, Automobile
Receivables-Backed Nts., Series 2010-1, Cl. D, 6.65%, 7/17/17 1,995,000 2,173,878
--------------------------------------------------------------------------------------------------------------
AmeriCredit Automobile Receivables Trust 2010-2, Automobile Receivables-
Backed Nts.:
Series 2010-2, Cl. C, 4.52%, 10/8/15 2,800,000 2,946,063
Series 2010-2, Cl. D, 6.24%, 6/8/16 1,670,000 1,830,572
--------------------------------------------------------------------------------------------------------------
AmeriCredit Automobile Receivables Trust 2010-3,
Automobile Receivables-Backed Nts., Series 2010-3, Cl. A2, 0.77%, 12/9/13 865,641 865,874
--------------------------------------------------------------------------------------------------------------
AmeriCredit Automobile Receivables Trust 2010-4,
Automobile Receivables-Backed Nts., Series 2010-4, Cl. D, 4.20%, 11/8/16 4,965,000 5,214,142
--------------------------------------------------------------------------------------------------------------
AmeriCredit Automobile Receivables Trust 2011-1,
Automobile Receivables-Backed Nts., Series 2011-1, Cl. D, 4.26%, 2/8/17 720,000 757,927
--------------------------------------------------------------------------------------------------------------
AmeriCredit Automobile Receivables Trust 2011-2,
Automobile Receivables-Backed Nts.:
Series 2011-2, Cl. A3, 1.61%, 10/8/15 675,000 680,841
Series 2011-2, Cl. B, 2.33%, 3/8/16 2,817,000 2,865,349
Series 2011-2, Cl. D, 4%, 5/8/17 2,560,000 2,686,956
--------------------------------------------------------------------------------------------------------------
AmeriCredit Automobile Receivables Trust 2011-4,
Automobile Receivables-Backed Nts., Series 2011-4, Cl. D, 4.08%, 7/10/17 3,995,000 3,999,952
--------------------------------------------------------------------------------------------------------------
AmeriCredit Automobile Receivables Trust 2011-5,
Automobile Receivables-Backed Nts.:
Series 2011-5, Cl. D, 1.55%, 7/8/16 2,515,000 2,541,802
Series 2011-5, Cl. D, 5.05%, 12/8/17 2,760,000 2,872,164
--------------------------------------------------------------------------------------------------------------
AmeriCredit Prime Automobile Receivables Trust 2010-2,
Automobile Receivables Nts., Series 2010-2, Cl. A2, 1.22%, 10/8/13 825 825
--------------------------------------------------------------------------------------------------------------
Avis Budget Rental Car Funding AESOP LLC, Automobile
Receivable Nts.:
Series 2011-2A, Cl. A, 2.37%, 11/20/14(1) 2,975,000 3,020,513
Series 2012-1A, Cl. A, 2.044%, 8/20/16(1) 2,235,000 2,240,453
--------------------------------------------------------------------------------------------------------------
Centre Point Funding LLC, Asset-Backed Nts., Series 2010-1A,
Cl. 1, 5.43%, 7/20/15(1) 566,659 594,023
--------------------------------------------------------------------------------------------------------------
1 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
Citibank Credit Card Issuance Trust, Credit Card Receivable
Nts., Series 2003-C4, Cl. C4, 5%, 6/10/15 $ 460,000 $ 479,987
--------------------------------------------------------------------------------------------------------------
Citibank Omni Master Trust, Credit Card Receivables:
Series 2009-A13, Cl. A13, 5.35%, 8/15/18(1) 5,555,000 6,100,649
Series 2009-A17, Cl. A17, 4.90%, 11/15/18(1) 4,790,000 5,247,992
--------------------------------------------------------------------------------------------------------------
CNH Wholesale Master Note Trust 2011-1, Equipment Nts.,
Series 2011-1, Cl. 1A, 1.042%, 1/20/41(2) 1,945,000 1,946,762
--------------------------------------------------------------------------------------------------------------
Credit Acceptance Auto Loan Trust, Automobile Receivable
Nts., Series 2012-1A, Cl. A, 2.20%, 9/16/19(1) 1,675,000 1,674,665
--------------------------------------------------------------------------------------------------------------
DSC Floorplan Master Owner Trust, Automobile Receivable
Nts., Series 2011-1, Cl. A, 3.91%, 3/15/16 2,440,000 2,476,136
--------------------------------------------------------------------------------------------------------------
DT Auto Owner Trust 2009-1, Automobile Receivable Nts.,
Series 2009-1, Cl. A1, 2.98%, 10/15/15(1) 702,552 704,952
--------------------------------------------------------------------------------------------------------------
DT Auto Owner Trust 2011-1A, Automobile Receivable Nts.,
Series 2011-1A, Cl. C, 3.05%, 8/15/15(1) 3,420,000 3,430,770
--------------------------------------------------------------------------------------------------------------
DT Auto Owner Trust 2011-2A, Automobile Receivable Nts.,
Series 2011-2A, Cl. C, 3.05%, 7/15/13(1) 850,000 849,577
--------------------------------------------------------------------------------------------------------------
DT Auto Owner Trust 2011-3A, Automobile Receivable Nts.,
Series 2011-3A, Cl. C, 4.03%, 12/15/41(1) 2,775,000 2,777,830
--------------------------------------------------------------------------------------------------------------
Exeter Automobile Receivables Trust, Automobile Receivable
Nts., Series 2012-1A, Cl. A, 2.02%, 8/15/16(3) 2,346,136 2,345,643
--------------------------------------------------------------------------------------------------------------
First Investors Auto Owner Trust 2011-1, Automobile
Receivable Nts., Series 2011-1, Cl. A2, 1.47%, 3/16/15 1,423,779 1,422,922
--------------------------------------------------------------------------------------------------------------
Ford Credit Floorplan Master Owner Trust 2011-1, Asset-
Backed Nts., Series 2011-1, Cl. A1, 2.12%, 2/15/16 2,940,000 3,008,892
--------------------------------------------------------------------------------------------------------------
Ford Credit Floorplan Master Owner Trust, Automobile
Receivable Nts., Series 2012-1, Cl. A, 0.712%, 1/15/16(2) 4,475,000 4,492,235
--------------------------------------------------------------------------------------------------------------
GE Dealer Floorplan Master Note Trust, Asset-Backed
Securities, Series 2009-2A, Cl. A, 2.024%, 10/20/14(1,2) 915,000 922,463
--------------------------------------------------------------------------------------------------------------
Hertz Vehicle Financing LLC, Automobile Receivable Nts.,
Series 2010-1A, Cl. A1, 2.60%, 2/25/15(1) 2,900,000 2,952,835
--------------------------------------------------------------------------------------------------------------
MBNA Credit Card Master Note Trust, Credit Card
Receivables, Series 2003-C7, Cl. C7, 1.592%, 3/15/16(2) 2,900,000 2,922,036
--------------------------------------------------------------------------------------------------------------
Rental Car Finance Corp., Automobile Receivable Nts., Series
2011-1A, Cl. A1, 2.51%, 2/25/16(1) 2,155,000 2,157,446
--------------------------------------------------------------------------------------------------------------
Santander Drive Auto Receivables Trust 2010-2, Automobile
Receivables Nts., Series 2010-2, Cl. A2, 0.95%, 8/15/13 621,602 621,732
--------------------------------------------------------------------------------------------------------------
Santander Drive Auto Receivables Trust 2010-3, Automobile
Receivables Nts., Series 2010-3, Cl. C, 3.06%, 11/15/17 2,950,000 2,959,139
--------------------------------------------------------------------------------------------------------------
Santander Drive Auto Receivables Trust 2010-A, Automobile
Receivables Nts.:
Series 2010-A, Cl. A2, 1.37%, 8/15/13(1) 782,224 783,474
Series 2010-A, Cl. A3, 1.83%, 11/17/14(1) 5,470,000 5,510,295
--------------------------------------------------------------------------------------------------------------
Santander Drive Auto Receivables Trust 2011-1, Automobile
Receivables Nts., Series 2011-1, Cl. D, 4.01%, 2/15/17 2,880,000 2,892,590
--------------------------------------------------------------------------------------------------------------
Santander Drive Auto Receivables Trust 2011-4, Automobile
Receivables Nts., Series 2011-4, Cl. A3, 1.64%, 9/15/15 1,665,000 1,669,936
--------------------------------------------------------------------------------------------------------------
Santander Drive Auto Receivables Trust 2011-S1A,
Automobile Receivables Nts., Series 2011-S1A, Cl. D, 3.10%, 5/15/17(3) 2,648,519 2,642,321
--------------------------------------------------------------------------------------------------------------
2 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
Santander Drive Auto Receivables Trust 2011-S2A,
Automobile Receivables Nts., Series 2011-S2A, Cl. D, 3.35%, 6/15/17(1) $ 2,177,699 $ 2,174,977
--------------------------------------------------------------------------------------------------------------
Santander Drive Auto Receivables Trust 2012-1, Automobile
Receivables Nts., Series 2012-1, Cl. A2, 1.25%, 4/15/15 2,240,000 2,240,358
--------------------------------------------------------------------------------------------------------------
Santander Drive Auto Receivables Trust 2012-2, Automobile
Receivables Nts., Series 2012-2, Cl. D, 5%, 2/15/18 3,345,000 3,352,694
--------------------------------------------------------------------------------------------------------------
Westlake Automobile Receivables Trust 2011-1, Automobile
Receivables Nts., Series 2011-1, Cl. A3, 1.49%, 6/16/14(1) 1,285,000 1,287,953
------------
Total Asset-Backed Securities (Cost $119,174,723) 119,876,012
--------------------------------------------------------------------------------------------------------------
MORTGAGE-BACKED OBLIGATIONS-62.3%
--------------------------------------------------------------------------------------------------------------
GOVERNMENT AGENCY-50.0%
--------------------------------------------------------------------------------------------------------------
FHLMC/FNMA/FHLB/Sponsored-49.6%
Federal Home Loan Mortgage Corp.:
4.50%, 4/1/42(4) 22,100,000 23,439,813
5.50%, 9/1/39 6,656,227 7,250,054
6%, 5/15/18-11/1/37 1,820,245 2,013,006
6.50%, 4/15/18-4/1/34 1,972,413 2,173,340
7%, 7/15/21-10/1/37 8,165,245 9,546,923
8%, 4/1/16 146,832 158,759
9%, 4/14/17-5/1/25 53,772 62,009
12.50%, 5/15/14 119 120
--------------------------------------------------------------------------------------------------------------
Federal Home Loan Mortgage Corp., Gtd. Real Estate Mtg.
Investment Conduit Multiclass Pass-Through Certificates:
Series 151, Cl. F, 9%, 5/15/21 15,012 17,422
Series 1590, Cl. IA, 1.30%, 10/15/23(2) 2,152,025 2,200,617
Series 2034, Cl. Z, 6.50%, 2/15/28 16,377 18,781
Series 2043, Cl. ZP, 6.50%, 4/15/28 2,221,946 2,587,579
Series 2046, Cl. G, 6.50%, 4/15/28 1,309,908 1,501,371
Series 2053, Cl. Z, 6.50%, 4/15/28 16,327 18,727
Series 2063, Cl. PG, 6.50%, 6/15/28 1,108,789 1,272,107
Series 2145, Cl. MZ, 6.50%, 4/15/29 417,196 476,170
Series 2148, Cl. ZA, 6%, 4/15/29 690,259 780,166
Series 2195, Cl. LH, 6.50%, 10/15/29 996,339 1,143,531
Series 2326, Cl. ZP, 6.50%, 6/15/31 299,588 345,136
Series 2341, Cl. FP, 1.142%, 7/15/31(2) 492,850 503,521
Series 2399, Cl. PG, 6%, 1/15/17 352,131 378,109
Series 2423, Cl. MC, 7%, 3/15/32 1,479,916 1,755,114
Series 2453, Cl. BD, 6%, 5/15/17 334,488 360,318
Series 2461, Cl. PZ, 6.50%, 6/15/32 2,508,427 2,894,715
Series 2463, Cl. F, 1.242%, 6/15/32(2) 2,696,201 2,759,976
Series 2500, Cl. FD, 0.742%, 3/15/32(2) 164,150 165,519
Series 2526, Cl. FE, 0.642%, 6/15/29(2) 219,767 220,826
Series 2551, Cl. FD, 0.642%, 1/15/33(2) 469,023 471,257
Series 2676, Cl. KY, 5%, 9/15/23 3,885,570 4,273,620
Series 3019, Cl. MD, 4.75%, 1/1/31 151,509 151,484
Series 3025, Cl. SJ, 23.864%, 8/15/35(2) 544,620 853,422
Series 3094, Cl. HS, 23.497%, 6/15/34(2) 854,384 1,229,282
Series 3242, Cl. QA, 5.50%, 3/1/30 78,940 78,927
Series 3822, Cl. JA, 5%, 6/1/40 4,623,233 4,971,680
Series 3848, Cl. WL, 4%, 4/1/40 3,498,742 3,680,012
--------------------------------------------------------------------------------------------------------------
3 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
FHLMC/FNMA/FHLB/SPONSORED CONTINUED
Federal Home Loan Mortgage Corp., Interest-Only Stripped Mtg.-Backed Security:
Series 183, Cl. IO, 15.769%, 4/1/27(5) $ 934,687 $ 206,124
Series 192, Cl. IO, 12.577%, 2/1/28(5) 113,243 21,767
Series 206, Cl. IO, 0%, 12/1/29(5,6) 154,553 35,235
Series 2129, Cl. S, 16.327%, 2/15/29(5) 1,222,973 214,703
Series 2130, Cl. SC, 50.569%, 3/15/29(5) 330,029 62,009
Series 2134, Cl. SB, 62.116%, 3/15/29(5) 338,115 67,778
Series 2422, Cl. SJ, 60.317%, 1/15/32(5) 1,368,715 279,697
Series 243, Cl. 6, 0.583%, 12/15/32(5) 861,317 194,932
Series 2493, Cl. S, 72.856%, 9/15/29(5) 89,190 19,685
Series 2527, Cl. SG, 53.975%, 2/15/32(5) 60,628 151
Series 2531, Cl. ST, 99.999%, 2/15/30(5) 492,444 9,085
Series 2601, Cl. GS, 40.714%, 11/15/17(5) 1,107,888 67,423
Series 2796, Cl. SD, 63.409%, 7/15/26(5) 525,771 94,076
Series 2802, Cl. AS, 87.773%, 4/15/33(5) 726,559 45,624
Series 2920, Cl. S, 66.504%, 1/15/35(5) 2,075,525 411,977
Series 3005, Cl. WI, 25.516%, 7/15/35(5) 4,876,816 607,194
Series 3110, Cl. SL, 99.999%, 2/15/26(5) 830,309 106,451
Series 3450, Cl. BI, 10.188%, 5/15/38(5) 9,334,471 1,297,790
Series 3451, Cl. SB, 15.774%, 5/15/38(5) 8,363,216 1,036,478
Series 3662, Cl. SM, 24.714%, 10/15/32(5) 6,894,958 942,143
--------------------------------------------------------------------------------------------------------------
Federal Home Loan Mortgage Corp., Principal-Only Stripped
Mtg.-Backed Security, Series 176, Cl. PO, 3.876%, 6/1/26(7) 123,004 108,687
--------------------------------------------------------------------------------------------------------------
Federal National Mortgage Assn.:
2.50%, 4/1/27(4) 47,090,000 47,752,203
3.50%, 4/1/27(4) 24,160,000 25,345,350
4%, 4/1/27-4/1/42(4) 56,790,000 59,591,627
4.50%, 4/1/27-4/1/42(4) 74,540,000 79,365,186
5%, 4/1/42(4) 62,341,000 67,347,774
5.50%, 12/25/18 3,828 4,177
5.50%, 4/1/27-4/1/42(4) 36,783,500 40,081,409
6%, 5/25/20 497,264 537,970
6%, 4/1/42(4) 14,880,000 16,395,904
6.50%, 6/25/17-11/25/31 10,981,191 12,367,254
7%, 9/25/14-4/1/34 5,173,709 5,879,392
7.50%, 1/1/33-8/25/33 5,363,542 6,392,095
8.50%, 7/1/32 17,646 21,554
--------------------------------------------------------------------------------------------------------------
Federal National Mortgage Assn., 15 yr., 3%, 4/1/27(4) 52,040,000 53,885,791
--------------------------------------------------------------------------------------------------------------
Federal National Mortgage Assn., 30 yr., 3.50%, 4/1/42(4) 9,185,000 9,434,717
--------------------------------------------------------------------------------------------------------------
Federal National Mortgage Assn., Gtd. Real Estate Mtg.
Investment Conduit Multiclass Pass-Through Certificates:
Trust 1992-34, Cl. G, 8%, 3/25/22 1,890 1,911
Trust 1993-104, Cl. ZB, 6.50%, 7/25/23 368,156 415,586
Trust 1993-87, Cl. Z, 6.50%, 6/25/23 312,558 356,321
Trust 1996-35, Cl. Z, 7%, 7/25/26 104,583 122,789
Trust 1998-58, Cl. PC, 6.50%, 10/25/28 632,453 725,087
4 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
FHLMC/FNMA/FHLB/SPONSORED CONTINUED
Trust 1998-61, Cl. PL, 6%, 11/25/28 $ 841,347 $ 950,305
Trust 1999-54, Cl. LH, 6.50%, 11/25/29 1,240,838 1,421,459
Trust 1999-60, Cl. PG, 7.50%, 12/25/29 4,947,081 5,872,297
Trust 2001-51, Cl. OD, 6.50%, 10/25/31 1,298,972 1,508,691
Trust 2002-10, Cl. FB, 0.742%, 3/25/17(2) 114,554 115,410
Trust 2002-16, Cl. PG, 6%, 4/25/17 657,339 711,577
Trust 2002-2, Cl. UC, 6%, 2/25/17 393,816 422,741
Trust 2002-56, Cl. FN, 1.242%, 7/25/32(2) 726,282 743,509
Trust 2003-130, Cl. CS, 13.617%, 12/25/33(2) 3,833,947 4,496,827
Trust 2003-21, Cl. FK, 0.642%, 3/25/33(2) 223,945 225,018
Trust 2003-28, Cl. KG, 5.50%, 4/25/23 1,492,000 1,659,403
Trust 2004-101, Cl. BG, 5%, 1/25/20 1,730,069 1,854,826
Trust 2004-9, Cl. AB, 4%, 7/1/17 780,578 784,397
Trust 2005-104, Cl. MC, 5.50%, 12/25/25 5,073,000 5,631,147
Trust 2005-109, Cl. AH, 5.50%, 12/25/25 10,000,000 11,358,606
Trust 2005-30, Cl. CU, 5%, 4/1/29 78,433 78,447
Trust 2005-31, Cl. PB, 5.50%, 4/25/35 2,480,000 2,982,770
Trust 2005-71, Cl. DB, 4.50%, 8/25/25 1,260,000 1,376,857
Trust 2006-50, Cl. SK, 23.314%, 6/25/36(2) 1,314,328 2,060,372
Trust 2009-36, Cl. FA, 1.182%, 6/25/37(2) 3,579,560 3,633,362
Trust 2009-37, Cl. HA, 4%, 4/1/19 4,093,406 4,333,335
Trust 2009-70, Cl. PA, 5%, 8/1/35 4,086,072 4,203,500
Trust 2011-15, Cl. DA, 4%, 3/1/41 1,978,106 2,075,627
Trust 2011-3, Cl. KA, 5%, 4/1/40 3,393,836 3,711,900
--------------------------------------------------------------------------------------------------------------
Federal National Mortgage Assn., Interest-Only Stripped Mtg.-Backed Security:
Trust 2001-15, Cl. SA, 64.572%, 3/17/31(5) 534,065 105,910
Trust 2001-61, Cl. SE, 36.247%, 11/18/31(5) 656,767 135,792
Trust 2001-65, Cl. S, 39.971%, 11/25/31(5) 1,471,091 285,861
Trust 2001-81, Cl. S, 30.59%, 1/25/32(5) 200,771 42,270
Trust 2002-12, Cl. SB, 47.716%, 7/25/31(5) 320,717 66,158
Trust 2002-2, Cl. SW, 53.248%, 2/25/32(5) 386,099 75,639
Trust 2002-38, Cl. SO, 51.516%, 4/25/32(5) 167,424 32,303
Trust 2002-41, Cl. S, 71.875%, 7/25/32(5) 1,716,150 358,023
Trust 2002-47, Cl. NS, 36.384%, 4/25/32(5) 571,449 115,927
Trust 2002-5, Cl. SD, 65.015%, 2/25/32(5) 321,230 70,381
Trust 2002-51, Cl. S, 36.644%, 8/25/32(5) 524,700 106,443
Trust 2002-52, Cl. SD, 40.672%, 9/25/32(5) 667,220 138,052
Trust 2002-60, Cl. SM, 36.602%, 8/25/32(5) 2,178,474 365,985
Trust 2002-60, Cl. SY, 6.776%, 4/25/32(5) 1,881,715 53,152
Trust 2002-64, Cl. SD, 11.907%, 4/25/27(5) 663,933 146,963
Trust 2002-7, Cl. SK, 39.161%, 1/25/32(5) 1,285,025 216,008
Trust 2002-75, Cl. SA, 36.482%, 11/25/32(5) 1,150,465 206,299
Trust 2002-77, Cl. BS, 32.522%, 12/18/32(5) 2,300,065 410,954
Trust 2002-77, Cl. IS, 47.419%, 12/18/32(5) 285,240 59,498
Trust 2002-77, Cl. JS, 28.715%, 12/18/32(5) 2,145,365 364,696
Trust 2002-77, Cl. SA, 30.62%, 12/18/32(5) 2,072,129 371,473
Trust 2002-77, Cl. SH, 41.549%, 12/18/32(5) 291,001 60,270
5 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
FHLMC/FNMA/FHLB/SPONSORED CONTINUED
Trust 2002-84, Cl. SA, 43.714%, 12/25/32(5) $ 304,335 $ 55,168
Trust 2002-89, Cl. S, 62.662%, 1/25/33(5) 2,560,321 539,978
Trust 2002-9, Cl. MS, 33.53%, 3/25/32(5) 17,590 3,577
Trust 2002-90, Cl. SN, 38.449%, 8/25/32(5) 1,982,124 332,968
Trust 2002-90, Cl. SY, 44.732%, 9/25/32(5) 967,464 162,600
Trust 2003-14, Cl. OI, 16.088%, 3/25/33(5) 3,909,441 800,777
Trust 2003-26, Cl. IK, 9.489%, 4/25/33(5) 1,343,103 242,888
Trust 2003-33, Cl. SP, 42.058%, 5/25/33(5) 1,949,023 287,514
Trust 2003-4, Cl. S, 37.40%, 2/25/33(5) 596,378 97,735
Trust 2003-52, Cl. NS, 50.953%, 6/25/23(5) 8,666,023 1,212,727
Trust 2003-89, Cl. XS, 99.999%, 11/25/32(5) 1,405,040 58,288
Trust 2004-54, Cl. DS, 50.663%, 11/25/30(5) 138,596 25,513
Trust 2004-56, Cl. SE, 19.76%, 10/25/33(5) 2,417,746 384,046
Trust 2005-40, Cl. SA, 60.984%, 5/25/35(5) 1,263,306 241,857
Trust 2005-6, Cl. SE, 78.739%, 2/25/35(5) 1,806,675 311,818
Trust 2005-71, Cl. SA, 66.973%, 8/25/25(5) 2,184,103 296,220
Trust 2005-93, Cl. SI, 24.006%, 10/25/35(5) 2,165,632 309,298
Trust 2006-129, Cl. SM, 27.13%, 1/25/37(5) 6,940,007 1,068,348
Trust 2006-53, Cl. US, 20.197%, 6/25/36(5) 191,291 25,603
Trust 2008-46, Cl. EI, 9.748%, 6/25/38(5) 9,307,303 1,326,510
Trust 2008-55, Cl. SA, 23.707%, 7/25/38(5) 4,964,913 685,455
Trust 2008-67, Cl. KS, 62.833%, 8/25/34(5) 5,603,210 446,249
Trust 2009-8, Cl. BS, 17.59%, 2/25/24(5) 5,489,594 590,818
Trust 222, Cl. 2, 24.451%, 6/1/23(5) 943,555 195,250
Trust 247, Cl. 2, 47.392%, 10/1/23(5) 94,495 21,715
Trust 252, Cl. 2, 36.539%, 11/1/23(5) 910,826 201,519
Trust 254, Cl. 2, 31.113%, 1/1/24(5) 1,656,304 361,016
Trust 2682, Cl. TQ, 99.999%, 10/15/33(5) 2,316,869 430,384
Trust 2981, Cl. BS, 99.999%, 5/15/35(5) 4,162,927 717,093
Trust 301, Cl. 2, 1.876%, 4/1/29(5) 505,660 94,065
Trust 303, Cl. IO, 6.756%, 11/1/29(5) 77,502 16,814
Trust 319, Cl. 2, 4.611%, 2/1/32(5) 423,824 81,796
Trust 320, Cl. 2, 10.173%, 4/1/32(5) 6,182,959 1,166,148
Trust 321, Cl. 2, 5.024%, 4/1/32(5) 1,172,968 215,345
Trust 324, Cl. 2, 0.464%, 7/1/32(5) 552,023 104,270
Trust 331, Cl. 9, 9.188%, 2/1/33(5) 3,599,865 717,547
Trust 334, Cl. 14, 12.506%, 2/1/33(5) 3,217,117 645,786
Trust 334, Cl. 15, 7.487%, 2/1/33(5) 2,313,024 449,211
Trust 334, Cl. 17, 20.605%, 2/1/33(5) 124,511 26,349
Trust 339, Cl. 12, 2.476%, 7/1/33(5) 3,171,100 625,999
Trust 339, Cl. 7, 0%, 7/1/33(5,6) 3,530,830 553,815
Trust 343, Cl. 13, 9.902%, 9/1/33(5) 3,367,137 551,960
Trust 343, Cl. 18, 15.01%, 5/1/34(5) 2,226,166 385,622
Trust 345, Cl. 9, 99.999%, 1/1/34(5) 1,986,712 279,780
Trust 351, Cl. 10, 10.519%, 4/1/34(5) 1,369,546 217,319
6 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
FHLMC/FNMA/FHLB/SPONSORED CONTINUED
Trust 351, Cl. 8, 5.137%, 4/1/34(5) $ 2,209,992 $ 356,668
Trust 356, Cl. 10, 0%, 6/1/35(5,6) 1,812,564 284,139
Trust 356, Cl. 12, 0%, 2/1/35(5,6) 908,714 141,260
Trust 362, Cl. 13, 1.371%, 8/1/35(5) 2,153,264 406,000
Trust 364, Cl. 16, 5.673%, 9/1/35(5) 3,139,873 555,777
Trust 365, Cl. 16, 9.176%, 3/1/36(5) 2,453,976 427,678
--------------------------------------------------------------------------------------------------------------
Federal National Mortgage Assn., Principal-Only Stripped
Mtg.-Backed Security, Trust 1993-184, Cl. M, 4.383%, 9/25/23(7) 299,404 251,425
-----------
597,594,664
--------------------------------------------------------------------------------------------------------------
GNMA/GUARANTEED-0.4%
Government National Mortgage Assn.:
1.625%, 8/8/25-7/1/27(2) 13,054 13,497
8.50%, 8/1/17-12/15/17 81,805 92,607
10.50%, 12/29/17 6,686 6,898
11%, 11/8/19 11,451 12,791
12%, 5/29/14 75 76
--------------------------------------------------------------------------------------------------------------
Government National Mortgage Assn. , Interest-Only Stripped
Mtg.-Backed Security, Series 2004-11, Cl. SM, 78.688%, 1/17/30(5) 147,653 32,073
--------------------------------------------------------------------------------------------------------------
Government National Mortgage Assn., Interest-Only Stripped Mtg.-Backed Security:
Series 2001-21, Cl. SB, 90.664%, 1/16/27(5) 685,450 125,982
Series 2002-15, Cl. SM, 78.706%, 2/16/32(5) 759,863 144,176
Series 2002-41, Cl. GS, 43.483%, 6/16/32(5) 531,734 116,313
Series 2002-76, Cl. SY, 82.714%, 12/16/26(5) 364,192 72,665
Series 2007-17, Cl. AI, 21.527%, 4/16/37(5) 3,913,715 796,044
Series 2011-52, Cl. HS, 7.51%, 4/16/41(5) 11,564,680 2,714,375
-----------
4,127,497
--------------------------------------------------------------------------------------------------------------
NON-AGENCY-12.3%
--------------------------------------------------------------------------------------------------------------
COMMERCIAL-8.0%
Asset Securitization Corp., Commercial Interest-Only Stripped
Mtg.-Backed Security, Series 1997-D4, Cl. PS1, 1.486%, 4/14/29(5) 2,843,556 132,436
--------------------------------------------------------------------------------------------------------------
Banc of America Commercial Mortgage Trust 2007-1,
Commercial Mtg. Pass-Through Certificates, Series 2007-1,
Cl. A4, 5.451%, 1/1/49 5,399,000 6,108,121
--------------------------------------------------------------------------------------------------------------
Banc of America Commercial Mortgage, Inc., Commercial Mtg.
Pass-Through Certificates, Series 2007-3, Cl. A4, 5.633%, 6/1/49(2) 2,460,000 2,742,401
--------------------------------------------------------------------------------------------------------------
Bear Stearns ARM Trust 2007-4, Mtg. Pass-Through
Certificates, Series 2007-4, Cl. 22A1, 5.589%, 6/1/47(2) 2,921,782 2,128,673
--------------------------------------------------------------------------------------------------------------
Bear Stearns Commercial Mortgage Securities Trust 2007-
PWR17, Commercial Mtg. Pass-Through Certificates, Series
2007-PWR17, Cl. AM, 5.898%, 6/1/50(2) 2,880,000 3,027,204
--------------------------------------------------------------------------------------------------------------
Capital Lease Funding Securitization LP, Interest-Only
Corporate-Backed Pass-Through Certificates, Series 1997-
CTL1, 0%, 6/22/24(1,5,6) 1,099,790 54,880
--------------------------------------------------------------------------------------------------------------
CFCRE Commercial Mortgage Trust, Commercial Mtg. Pass-
Through Certificates, Series 2011-C1, Cl. A1, 1.871%, 4/1/44(1) 780,911 784,802
--------------------------------------------------------------------------------------------------------------
7 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
COMMERCIAL CONTINUED
--------------------------------------------------------------------------------------------------------------
CHL Mortgage Pass-Through Trust 2007-J3, Mtg. Pass-
Through Certificates, Series 2007-J3, Cl. A9, 6%, 7/1/37 $ 1,178,685 $ 945,115
--------------------------------------------------------------------------------------------------------------
Citigroup, Inc./Deutsche Bank 2007-CD4 Commercial
Mortgage Trust, Commercial Mtg. Pass-Through Certificates:
Series 2007-CD4, Cl. A2B, 5.205%, 12/11/49 595,559 601,301
Series 2007-CD4, Cl. A4, 5.322%, 12/1/49 3,310,000 3,634,276
--------------------------------------------------------------------------------------------------------------
Deutsche Mortgage & Asset Receiving, Commercial Mtg. Pass-
Through Certificates, Interest-Only Stripped Mtg.-Backed
Security, Series 2010-C1, Cl. XPA, 4.719%, 9/1/20(1,5) 27,810,979 1,931,194
--------------------------------------------------------------------------------------------------------------
First Horizon Alternative Mortgage Securities Trust 2004-FA2,
Mtg. Pass-Through Certificates, Series 2004-FA2, Cl. 3A1, 6%,
1/25/35 2,139,250 2,050,451
--------------------------------------------------------------------------------------------------------------
First Horizon Alternative Mortgage Securities Trust 2007-FA2,
Mtg. Pass-Through Certificates, Series 2007-FA2, Cl. 1A1,
5.50%, 4/25/37 1,772,995 1,127,649
--------------------------------------------------------------------------------------------------------------
Greenwich Capital Commercial Funding Corp./Commercial
Mortgage Trust 2006-GG7, Commercial Mtg. Pass-Through
Certificates, Series 2006-GG7, Cl. AM, 5.883%, 7/1/38(2) 5,600,000 5,848,184
--------------------------------------------------------------------------------------------------------------
Greenwich Capital Commercial Funding Corp./Commercial
Mortgage Trust 2007-GG11, Commercial Mtg. Pass-Through
Certificates, Series 2007-GG11, Cl. A4, 5.736%, 12/1/49 5,265,000 5,835,044
--------------------------------------------------------------------------------------------------------------
Greenwich Capital Commercial Funding Corp./Commercial
Mortgage Trust 2007-GG9, Commercial Mtg. Pass-Through
Certificates, Series 2007-GG9, Cl. AM, 5.475%, 3/1/39 3,155,000 3,142,642
--------------------------------------------------------------------------------------------------------------
GS Mortgage Securities Corp. II, Commercial Mtg. Obligations,
Series 2011-GC3, Cl. A1, 2.331%, 3/1/44 2,023,313 2,065,142
--------------------------------------------------------------------------------------------------------------
GS Mortgage Securities Trust 2006-GG6, Commercial Mtg.
Pass-Through Certificates, Series 2006-GG6, Cl. AM, 5.622%, 4/1/38 2,739,112 2,833,752
--------------------------------------------------------------------------------------------------------------
GSR Mortgage Loan Trust 2005-AR4, Mtg. Pass-Through
Certificates, Series 2005-AR4, Cl. 6A1, 5.25%, 7/1/35 2,079,520 2,029,952
--------------------------------------------------------------------------------------------------------------
IndyMac Index Mortgage Loan Trust 2005-AR23, Mtg. Pass-
Through Certificates, Series 2005-AR23, Cl. 6A1, 5.051%, 11/1/35(2) 3,886,141 2,855,882
--------------------------------------------------------------------------------------------------------------
JPMorgan Chase Commercial Mortgage Securities Corp.,
Commercial Mtg. Pass-Through Certificates:
Series 2007-LDP10, Cl. A3S, 5.317%, 1/1/49 3,980,000 4,145,096
Series 2007-LDPX, Cl. A2S2, 5.187%, 1/1/49(3) 232,946 236,440
Series 2007-LDPX, Cl. A3, 5.42%, 1/15/49 945,000 1,052,075
Series 2011-C3, Cl. A1, 1.875%, 2/1/46(1) 2,332,478 2,356,251
--------------------------------------------------------------------------------------------------------------
JPMorgan Chase Commercial Mortgage Securities Trust 2007-
LD11, Commercial Mtg. Pass-Through Certificates, Series
2007-LD11, Cl. A4, 5.816%, 6/1/49(2) 5,100,000 5,611,178
--------------------------------------------------------------------------------------------------------------
JPMorgan Mortgage Trust 2007-S3, Mtg. Pass-Through
Certificates, Series 2007-S3, Cl. 1A90, 7%, 8/1/37 3,370,091 2,919,722
--------------------------------------------------------------------------------------------------------------
LB-UBS Commercial Mortgage Trust 2007-C1, Commercial
Mtg. Pass-Through Certificates, Series 2007-C1, Cl. A2, 5.318%, 2/11/40 957,332 957,266
--------------------------------------------------------------------------------------------------------------
LB-UBS Commercial Mortgage Trust 2007-C6, Commercial
Mtg. Pass-Through Certificates, Series 2007-C6, Cl. A4, 5.858%, 7/11/40 5,595,000 6,357,145
--------------------------------------------------------------------------------------------------------------
8 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
COMMERCIAL CONTINUED
--------------------------------------------------------------------------------------------------------------
Lehman Brothers Commercial Conduit Mortgage Trust,
Interest-Only Stripped Mtg.-Backed Security,
Series 1998-C1, Cl. IO, 0%, 2/18/30(5,6) $ 2,001,720 $ 29,574
--------------------------------------------------------------------------------------------------------------
Lehman Structured Securities Corp., Commercial Mtg. Pass-
Through Certificates, Series 2002-GE1, Cl. A, 2.514%, 7/1/24(1) 84,293 66,052
--------------------------------------------------------------------------------------------------------------
Mastr Alternative Loan Trust 2004-6, Mtg. Pass-Through
Certificates, Series 2004-6, Cl. 10A1, 6%, 7/25/34 1,182,147 1,216,247
--------------------------------------------------------------------------------------------------------------
Merrill Lynch Mortgage Trust 2006-C2, Commercial Mtg. Pass-
Through Certificates, Series 2006-C2, Cl. AM, 5.782%, 8/1/43 2,800,000 2,912,472
--------------------------------------------------------------------------------------------------------------
Morgan Stanley Capital I Trust 2007-IQ15, Commercial Mtg.
Pass-Through Certificates, Series 2007-IQ15, Cl. AM, 5.882%, 6/1/49(2) 3,115,000 3,087,610
--------------------------------------------------------------------------------------------------------------
Salomon Brothers Mortgage Securities VII, Inc., Interest-Only
Commercial Mtg. Pass-Through Certificates, Series 1999-C1,
Cl. X, 0%, 5/18/32(5,6) 26,941,159 53,424
--------------------------------------------------------------------------------------------------------------
Structured Adjustable Rate Mortgage Loan Trust, Mtg. Pass-
Through Certificates, Series 2007-6, Cl. 3A1, 4.957%, 7/1/37(2) 3,544,185 2,387,002
--------------------------------------------------------------------------------------------------------------
Wachovia Bank Commercial Mortgage Trust 2006-C28,
Commercial Mtg. Pass-Through Certificates, Series 2006-C28,
Cl. A4, 5.572%, 10/1/48 1,640,000 1,827,010
--------------------------------------------------------------------------------------------------------------
Wachovia Bank Commercial Mortgage Trust 2006-C29, Commercial Mtg. Pass-
Through Certificates, Series 2006-C29, Cl. A2, 5.275%, 11/15/48 136,676 137,456
--------------------------------------------------------------------------------------------------------------
Wachovia Bank Commercial Mortgage Trust 2007-C34, Commercial Mtg.
Pass-Through Certificates, Series 2007-C34, Cl. A3, 5.678%, 5/1/46 2,965,000 3,378,457
--------------------------------------------------------------------------------------------------------------
WaMu Mortgage Pass-Through Certificates 2005-AR14 Trust, Mtg. Pass-
Through Certificates, Series 2005-AR14, Cl. 1A4, 2.46%, 12/1/35(2) 2,002,442 1,754,112
--------------------------------------------------------------------------------------------------------------
Wells Fargo Mortgage-Backed Securities 2007-AR3 Trust, Mtg. Pass-Through
Certificates, Series 2007-AR3, Cl. A4, 5.771%, 4/1/37(2) 1,138,863 998,195
--------------------------------------------------------------------------------------------------------------
Wells Fargo Mortgage-Backed Securities 2007-AR8 Trust, Mtg. Pass-Through
Certificates, Series 2007-AR8, Cl. A1, 6.021%, 11/1/37(2) 2,682,667 2,210,031
--------------------------------------------------------------------------------------------------------------
WFRBS Commercial Mortgage Trust 2011-C3, Interest-Only
Commercial Mtg. Pass-Through Certificates, Series 2011-C3,
Cl. XA, 8.956%, 3/1/44(5) 28,597,528 2,523,403
-----------
96,095,319
--------------------------------------------------------------------------------------------------------------
MULTIFAMILY-0.8%
Bear Stearns ARM Trust 2005-10, Mtg. Pass-Through
Certificates, Series 2005-10, Cl. A3, 2.689%, 10/1/35(2) 2,094,997 1,695,045
--------------------------------------------------------------------------------------------------------------
Citigroup Mortgage Loan Trust, Inc. 2006-AR3, Mtg. Pass-Through
Certificates, Series 2006-AR3, Cl. 1A2A, 5.652%, 6/1/36(2) 2,449,929 2,163,552
--------------------------------------------------------------------------------------------------------------
JPMorgan Mortgage Trust 2007-A3, Mtg. Pass-Through
Certificates, Series 2007-A3, Cl. 3A2M, 5.178%, 5/1/37(2) 573,677 499,398
--------------------------------------------------------------------------------------------------------------
9 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
MULTIFAMILY CONTINUED
--------------------------------------------------------------------------------------------------------------
Wells Fargo Mortgage-Backed Securities 2006-AR2 Trust, Mtg.
Pass-Through Certificates, Series 2006-AR2, Cl. 2A3, 2.631%, 3/1/36(2) $ 4,334,465 $ 3,809,851
--------------------------------------------------------------------------------------------------------------
Wells Fargo Mortgage-Backed Securities 2006-AR6 Trust, Mtg. Pass-
Through Certificates, Series 2006-AR6, Cl. 3A1, 2.668%, 3/25/36(2) 2,513,659 2,151,337
-----------
10,319,183
--------------------------------------------------------------------------------------------------------------
OTHER-0.5%
Greenwich Capital Commercial Funding Corp./Commercial Mortgage Trust
2007-GG9, Commercial Mtg. Pass-Through Certificates,
Series 2007-GG9, Cl. A4, 5.444%, 3/1/39 5,115,000 5,650,331
--------------------------------------------------------------------------------------------------------------
Salomon Brothers Mortgage Securities VI, Inc., Interest-Only Stripped Mtg.-
Backed Security, Series 1987-3, Cl. B, 69.60%, 10/23/17(5) 483 39
--------------------------------------------------------------------------------------------------------------
Salomon Brothers Mortgage Securities VI, Inc., Principal-Only Stripped Mtg.-
Backed Security, Series1987-3, Cl. A, 0.84%, 10/23/17(7) 715 701
-----------
5,651,071
--------------------------------------------------------------------------------------------------------------
RESIDENTIAL-3.0%
Banc of America Commercial Mortgage, Inc., Commercial Mtg. Pass-Through
Certificates, Series 2007-4, Cl. AM, 5.791%, 2/1/51(2) 3,075,000 3,087,251
--------------------------------------------------------------------------------------------------------------
Banc of America Funding 2007-C Trust, Mtg. Pass-Through Certificates,
Series 2007-C, Cl. 1A4, 5.538%, 5/1/36(2) 945,000 903,970
--------------------------------------------------------------------------------------------------------------
Carrington Mortgage Loan Trust, Asset-Backed Pass-Through Certificates,
Series 2006-FRE1, Cl. A2, 0.352%, 7/25/36(2) 1,466,704 1,352,818
--------------------------------------------------------------------------------------------------------------
Chase Funding Trust 2003-2, Mtg. Loan Asset-Backed Certificates,
Series 2003-2, Cl. 2A2, 0.802%, 2/25/33(2) 533,596 484,099
--------------------------------------------------------------------------------------------------------------
CHL Mortgage Pass-Through Trust 2005-29, Mtg. Pass-Through
Certificates, Series 2005-29, Cl. A1, 5.75%, 12/1/35 1,025,051 900,503
--------------------------------------------------------------------------------------------------------------
CHL Mortgage Pass-Through Trust 2006-6, Mtg. Pass-Through Certificates,
Series 2006-6, Cl. A3, 6%, 4/1/36 1,506,031 1,473,320
--------------------------------------------------------------------------------------------------------------
Countrywide Alternative Loan Trust 2005-21CB, Mtg. Pass-Through
Certificates, Series 2005-21CB, Cl. A7, 5.50%, 6/1/35 3,871,920 3,261,380
--------------------------------------------------------------------------------------------------------------
Countrywide Alternative Loan Trust 2005-29CB, Mtg. Pass-Through
Certificates, Series 2005-29CB, Cl. A4, 5%, 7/1/35 2,533,091 1,880,938
--------------------------------------------------------------------------------------------------------------
Countrywide Alternative Loan Trust 2007-19, Mtg. Pass-Through
Certificates, Series 2007-19, Cl. 1A34, 6%, 8/1/37 2,246,961 1,617,363
--------------------------------------------------------------------------------------------------------------
Countrywide Home Loans, Asset-Backed Certificates:
Series 2002-4, Cl. A1, 0.982%, 2/25/33(2) 14,443 14,033
Series 2005-16, Cl. 2AF2, 5.343%, 5/1/36(2) 2,903,650 2,250,570
--------------------------------------------------------------------------------------------------------------
CWABS Asset-Backed Certificates Trust 2006-25, Asset-Backed
Certificates, Series 2006-25, Cl. 2A2, 0.362%, 6/25/47(2) 2,309,056 2,065,536
--------------------------------------------------------------------------------------------------------------
GSR Mortgage Loan Trust 2006-5F, Mtg. Pass-Through Certificates,
Series 2006-5F, Cl. 2A1, 6%, 6/1/36 1,942,129 1,884,493
--------------------------------------------------------------------------------------------------------------
JPMorgan Alternative Loan Trust 2006-S4, Mtg. Pass-Through
Certificates, Series 2006-S4, Cl. A6, 5.71%, 12/1/36 3,082,798 2,730,972
--------------------------------------------------------------------------------------------------------------
Merrill Lynch Mortgage Loans, Inc., Mtg. Pass-Through Certificates,
Series 2005-A1, Cl. 2A1, 2.595%, 12/25/34(2) 1,203,123 1,197,171
--------------------------------------------------------------------------------------------------------------
10 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
RESIDENTIAL CONTINUED
--------------------------------------------------------------------------------------------------------------
NC Finance Trust, Collateralized Mtg. Obligation Pass-Through
Certificates, Series 1999-I, Cl. ECFD, 3.405%, 1/25/29(3,8) $ 1,750,658 $ 140,053
--------------------------------------------------------------------------------------------------------------
Option One Mortgage Loan Trust 2007-5, Asset-Backed Certificates,
Series 2007-5, Cl. 2A1, 0.332%, 5/25/37(2) 219,445 217,615
--------------------------------------------------------------------------------------------------------------
Popular ABS Mortgage Pass-Through Trust 2005-6, Mtg. Pass-Through
Certificates, Series 2005-6, Cl. A3, 5.68%, 1/1/36 709,435 510,791
--------------------------------------------------------------------------------------------------------------
RALI Series 2003-QS1 Trust, Mtg. Asset-Backed Pass-Through Certificates,
Series 2003-QS1, Cl. A2, 5.75%, 1/25/33 354,620 367,841
--------------------------------------------------------------------------------------------------------------
RALI Series 2006-QS13 Trust, Mtg. Asset-Backed Pass-Through Certificates,
Series 2006-QS13, Cl. 1A8, 6%, 9/25/36 324,014 220,365
--------------------------------------------------------------------------------------------------------------
RALI Series 2007-QS6 Trust, Mtg. Asset-Backed Pass-Through Certificates,
Series 2007-QS6, Cl. A28, 5.75%, 4/25/37 1,661,530 1,067,965
--------------------------------------------------------------------------------------------------------------
Residential Asset Securitization Trust 2005-A15, Mtg. Pass-Through
Certificates, Series 2005-A15, Cl. 1A4, 5.75%, 2/1/36 701,938 560,664
--------------------------------------------------------------------------------------------------------------
Residential Asset Securitization Trust 2005-A6CB, Mtg. Pass-Through
Certificates, Series 2005-A6CB, Cl. A7, 6%, 6/1/35 755,345 631,268
--------------------------------------------------------------------------------------------------------------
WaMu Mortgage Pass-Through Certificates 2007-HY5 Trust, Mtg. Pass-
Through Certificates, Series 2007-HY5, Cl. 3A1, 5.388%, 5/1/37(2) 2,172,851 1,953,364
--------------------------------------------------------------------------------------------------------------
WaMu Mortgage Pass-Through Certificates 2007-HY6 Trust, Mtg. Pass-
Through Certificates, Series 2007-HY6, Cl. 2A1, 5.135%, 6/25/37(2) 1,047,532 768,713
--------------------------------------------------------------------------------------------------------------
Wells Fargo Alternative Loan 2007-PA5 Trust, Mtg. Asset-Backed Pass-
Through Certificates, Series 2007-PA5, Cl. 1A1, 6.25%, 11/1/37 2,108,558 1,931,762
--------------------------------------------------------------------------------------------------------------
Wells Fargo Mortgage-Backed Securities 2005-9 Trust, Mtg. Pass-Through
Certificates, Series 2005-9, Cl. 2A6, 5.25%, 10/25/35 1,222,238 1,238,960
--------------------------------------------------------------------------------------------------------------
Wells Fargo Mortgage-Backed Securities 2006-AR14 Trust, Mtg. Pass-
Through Certificates, Series 2006-AR14, Cl. 1A2, 5.669%, 10/1/36(2) 2,206,528 2,003,143
-----------
36,716,921
-----------
Total Mortgage-Backed Obligations (Cost $731,010,868) 750,504,655
--------------------------------------------------------------------------------------------------------------
U.S. GOVERNMENT OBLIGATIONS-4.2%
Federal Home Loan Mortgage Corp. Nts.:
2%, 8/25/16 930,000 967,433
2.375%, 1/13/22 5,830,000 5,733,117
2.50%, 5/27/16 1,325,000 1,408,189
5%, 2/16/17 1,510,000 1,781,595
5.25%, 4/18/16 2,650,000 3,100,929
5.50%, 7/18/16 1,510,000 1,798,532
--------------------------------------------------------------------------------------------------------------
Federal National Mortgage Assn. Nts.:
1.125%, 4/27/17 4,393,000 4,368,896
5.375%, 6/12/17 1,711,000 2,061,656
--------------------------------------------------------------------------------------------------------------
U.S. Treasury Bonds:
7.50%, 11/15/16(9) 7,700,000 9,974,511
STRIPS, 3.862%, 2/15/13(10) 1,520,000 1,517,340
11 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
U.S. Treasury Nts., 5.125%, 5/15/16(9) $ 14,830,000 $17,418,295
-----------
Total U.S. Government Obligations (Cost $48,199,457) 50,130,493
--------------------------------------------------------------------------------------------------------------
CORPORATE BONDS AND NOTES-44.2%
--------------------------------------------------------------------------------------------------------------
CONSUMER DISCRETIONARY-7.1%
--------------------------------------------------------------------------------------------------------------
AUTO COMPONENTS-0.2%
Dana Holding Corp., 6.75% Sr. Unsec. Nts., 2/15/21 2,745,000 2,937,150
--------------------------------------------------------------------------------------------------------------
AUTOMOBILES-0.7%
Daimler Finance North America LLC, 2.30% Sr. Unsec. Nts., 1/9/15(1) 2,241,000 2,299,100
--------------------------------------------------------------------------------------------------------------
DaimlerChrysler NA Holdings Corp., 8.50% Nts., 1/18/31 1,561,000 2,273,292
--------------------------------------------------------------------------------------------------------------
Ford Motor Credit Co. LLC, 5.875% Sr. Unsec. Nts., 8/2/21 3,306,000 3,570,979
-----------
8,143,371
--------------------------------------------------------------------------------------------------------------
DIVERSIFIED CONSUMER SERVICES-0.3%
Service Corp. International, 6.75% Sr. Unsec. Nts., 4/1/15 3,267,000 3,585,533
--------------------------------------------------------------------------------------------------------------
HOTELS, RESTAURANTS & LEISURE-0.7%
Darden Restaurants, Inc., 4.50% Sr. Unsec. Unsub. Nts., 10/15/21 1,545,000 1,587,433
--------------------------------------------------------------------------------------------------------------
Hyatt Hotels Corp., 5.75% Sr. Unsec. Unsub. Nts., 8/15/15(1) 4,793,000 5,271,087
--------------------------------------------------------------------------------------------------------------
Starwood Hotels & Resorts Worldwide, Inc., 7.15% Sr. Unsec.
Unsub. Nts., 12/1/19 762,000 906,780
-----------
7,765,300
--------------------------------------------------------------------------------------------------------------
HOUSEHOLD DURABLES-0.8%
Jarden Corp., 6.125% Sr. Unsec. Nts., 11/15/22 3,078,000 3,239,595
--------------------------------------------------------------------------------------------------------------
Newell Rubbermaid, Inc., 5.50% Sr. Unsec. Nts., 4/15/13 2,781,000 2,900,561
--------------------------------------------------------------------------------------------------------------
Whirlpool Corp.:
5.50% Sr. Unsec. Unsub. Nts., 3/1/13 971,000 1,006,591
8% Sr. Unsec. Nts., 5/1/12 2,270,000 2,281,586
-----------
9,428,333
--------------------------------------------------------------------------------------------------------------
LEISURE EQUIPMENT & PRODUCTS-0.2%
Mattel, Inc., 5.625% Sr. Unsec. Nts., 3/15/13 2,640,000 2,761,989
--------------------------------------------------------------------------------------------------------------
MEDIA-2.3%
CBS Corp., 3.375% Sr. Unsec. Unsub. Nts., 3/1/22 1,521,000 1,470,694
--------------------------------------------------------------------------------------------------------------
Comcast Cable Communications Holdings, Inc., 9.455% Sr.
Unsec. Nts., 11/15/22 1,751,000 2,542,168
--------------------------------------------------------------------------------------------------------------
CSC Holdings, Inc., 7.625% Sr. Unsec. Debs., 7/15/18 2,825,000 3,164,000
--------------------------------------------------------------------------------------------------------------
DIRECTV Holdings LLC/DIRECTV Financing Co., Inc.:
5.15% Sr.Unsec. Nts., 3/15/42(1) 1,694,000 1,651,259
7.625% Sr. Unsec. Unsub. Nts., 5/15/16 293,000 307,187
--------------------------------------------------------------------------------------------------------------
Dish DBS Corp., 6.75% Sr. Unsec. Nts., 6/1/21 3,022,000 3,271,315
--------------------------------------------------------------------------------------------------------------
Historic TW, Inc., 9.125% Debs., 1/15/13 922,000 978,741
--------------------------------------------------------------------------------------------------------------
Interpublic Group of Cos., Inc. (The):
4% Sr. Nts., 3/15/22 888,000 870,950
6.25% Sr. Unsec. Nts., 11/15/14 1,368,000 1,497,960
10% Sr. Unsec. Nts., 7/15/17 2,881,000 3,313,150
--------------------------------------------------------------------------------------------------------------
News America, Inc., 6.15% Sr. Unsec. Nts., 2/15/41 1,048,000 1,201,221
--------------------------------------------------------------------------------------------------------------
Time Warner Entertainment Co. LP, 8.375% Sr. Nts., 7/15/33 1,542,000 2,060,832
--------------------------------------------------------------------------------------------------------------
Virgin Media Secured Finance plc:
5.25% Sr. Sec. Nts., 1/15/21 1,675,000 1,803,188
12 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
MEDIA CONTINUED
6.50% Sr. Sec. Nts., 1/15/18 $ 3,389,000 $ 3,698,246
-----------
27,830,911
--------------------------------------------------------------------------------------------------------------
MULTILINE RETAIL-0.6%
Family Dollar Stores, Inc., 5% Sr. Unsec. Nts., 2/1/21 1,535,000 1,607,612
--------------------------------------------------------------------------------------------------------------
Macy's Retail Holdings, Inc., 5.75% Sr. Unsec. Nts., 7/15/14 4,811,000 5,275,921
-----------
6,883,533
--------------------------------------------------------------------------------------------------------------
SPECIALTY RETAIL-1.1%
Limited Brands, Inc., 6.625% Sr. Nts., 4/1/21 2,994,000 3,259,718
--------------------------------------------------------------------------------------------------------------
Rent-A-Center, Inc., 6.625% Sr. Unsec. Nts., 11/15/20 3,333,000 3,474,653
--------------------------------------------------------------------------------------------------------------
Sally Holdings LLC/Sally Capital, Inc., 6.875% Sr. Unsec. Nts., 11/15/19(1) 3,071,000 3,285,970
--------------------------------------------------------------------------------------------------------------
Staples, Inc., 9.75% Sr. Unsec. Unsub. Nts., 1/15/14 2,606,000 2,962,000
-----------
12,982,341
--------------------------------------------------------------------------------------------------------------
TEXTILES, APPAREL & LUXURY GOODS-0.2%
Phillips-Van Heusen Corp., 7.375% Sr. Unsec. Unsub. Nts., 5/15/20 2,633,000 2,916,048
--------------------------------------------------------------------------------------------------------------
CONSUMER STAPLES-2.8%
--------------------------------------------------------------------------------------------------------------
BEVERAGES-0.7%
Anheuser-Busch InBev Worldwide, Inc., 8.20% Sr. Unsec. Unsub. Nts., 1/15/39 1,192,000 1,809,153
--------------------------------------------------------------------------------------------------------------
Fortune Brands, Inc., 6.375% Sr. Unsec. Unsub. Nts., 6/15/14 824,000 906,577
--------------------------------------------------------------------------------------------------------------
Pernod-Ricard SA, 4.25% Sr. Unsec. Nts., 7/15/22(1) 2,949,000 2,961,524
--------------------------------------------------------------------------------------------------------------
SABMiller Holdings, Inc., 4.95% Sr. Unsec. Nts., 1/15/42 1,910,000 1,980,057
-----------
7,657,311
--------------------------------------------------------------------------------------------------------------
FOOD & STAPLES RETAILING-0.5%
Delhaize Group:
5.70% Sr. Unsec. Nts., 10/1/40 845,000 781,510
5.875% Sr. Unsec. Unsub. Bonds, 2/1/14 2,660,000 2,861,306
--------------------------------------------------------------------------------------------------------------
Kroger Co. (The), 5% Sr. Nts., 4/15/13 2,677,000 2,790,542
-----------
6,433,358
--------------------------------------------------------------------------------------------------------------
FOOD PRODUCTS-0.9%
Bunge Ltd. Finance Corp.:
5.35% Sr. Unsec. Unsub. Nts., 4/15/14 980,000 1,039,822
8.50% Sr. Unsec. Nts., 6/15/19 1,455,000 1,779,397
--------------------------------------------------------------------------------------------------------------
Kraft Foods, Inc.:
6% Sr. Unsec. Nts., 2/11/13 2,601,000 2,717,975
6.50% Sr. Unsec. Unsub. Nts., 2/9/40 1,690,000 2,080,784
--------------------------------------------------------------------------------------------------------------
TreeHouse Foods, Inc., 7.75% Sr. Unsec. Nts., 3/1/18 3,180,000 3,454,275
-----------
11,072,253
--------------------------------------------------------------------------------------------------------------
TOBACCO-0.7%
Altria Group, Inc., 10.20% Sr. Unsec. Nts., 2/6/39 2,105,000 3,265,213
--------------------------------------------------------------------------------------------------------------
Lorillard Tobacco Co., 7% Sr. Unsec. Nts., 8/4/41 1,831,000 1,970,531
--------------------------------------------------------------------------------------------------------------
Reynolds American, Inc., 7.25% Sr. Sec. Nts., 6/1/13 2,925,000 3,117,088
-----------
8,352,832
--------------------------------------------------------------------------------------------------------------
ENERGY-5.2%
--------------------------------------------------------------------------------------------------------------
ENERGY EQUIPMENT & SERVICES-1.4%
Ensco plc, 4.70% Sr. Unsec. Nts., 3/15/21 3,157,000 3,411,034
--------------------------------------------------------------------------------------------------------------
Nabors Industries, Inc., 6.15% Sr. Unsec. Unsub. Nts., 2/15/18 3,651,000 4,264,602
--------------------------------------------------------------------------------------------------------------
13 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
ENERGY EQUIPMENT & SERVICES CONTINUED
--------------------------------------------------------------------------------------------------------------
Noble Holding International Ltd., 7.375% Sr. Unsec. Bonds, 3/15/14 $ 2,633,000 $ 2,921,890
--------------------------------------------------------------------------------------------------------------
Precision Drilling Corp.:
6.50% Sr. Unsec. Nts., 12/15/21(1) 1,380,000 1,449,000
6.625% Sr. Unsec. Nts., 11/15/20 1,330,000 1,399,825
--------------------------------------------------------------------------------------------------------------
Rowan Cos., Inc., 5% Sr. Unsec. Nts., 9/1/17 2,921,000 3,112,565
-----------
16,558,916
--------------------------------------------------------------------------------------------------------------
OIL, GAS & CONSUMABLE FUELS-3.8%
Anadarko Petroleum Corp., 6.20% Sr. Unsec. Nts., 3/15/40 2,075,000 2,352,544
--------------------------------------------------------------------------------------------------------------
Canadian Oil Sands Ltd., 5.80% Sr. Unsec. Nts., 8/15/13(1) 2,907,000 3,070,719
--------------------------------------------------------------------------------------------------------------
El Paso Pipeline Partners LP, 6.50% Sr. Unsec. Nts., 4/1/20 4,219,000 4,734,338
--------------------------------------------------------------------------------------------------------------
Energy Transfer Partners LP:
4.65% Sr. Unsec. Unsub. Nts., 6/1/21 2,402,000 2,450,729
5.20% Sr. Unsec. Unsub. Nts., 2/1/22 884,000 926,199
--------------------------------------------------------------------------------------------------------------
Enterprise Products Operating LLC, 4.85% Sr. Unsec. Unsub. Nts., 8/15/42 1,632,000 1,559,784
--------------------------------------------------------------------------------------------------------------
Kaneb Pipe Line Operating Partnership LP, 5.875% Sr. Unsec. Nts., 6/1/13 4,797,000 4,991,350
--------------------------------------------------------------------------------------------------------------
Newfield Exploration Co., 6.875% Sr. Unsec. Sub. Nts., 2/1/20 2,933,000 3,086,983
--------------------------------------------------------------------------------------------------------------
Nexen, Inc., 6.40% Sr. Unsec. Unsub. Bonds, 5/15/37 2,876,000 3,163,744
--------------------------------------------------------------------------------------------------------------
Phillips 66, 4.30% Unsec. Nts., 4/1/22(1) 2,051,000 2,089,651
--------------------------------------------------------------------------------------------------------------
Plains All American Pipeline LP/PAA Finance Corp., 5.15% Sr. Unsec.
Unsub. Nts., 6/1/42 1,692,000 1,653,920
--------------------------------------------------------------------------------------------------------------
Range Resources Corp., 8% Sr. Unsec. Sub. Nts., 5/15/19 2,966,000 3,270,015
--------------------------------------------------------------------------------------------------------------
Ras Laffan Liquefied Natural Gas Co. Ltd. III, 5.50% Sr. Sec. Nts., 9/30/14(1) 2,768,000 2,992,900
--------------------------------------------------------------------------------------------------------------
Rockies Express Pipeline LLC, 3.90% Sr. Unsec. Unsub. Nts., 4/15/15(1) 3,097,000 2,880,210
--------------------------------------------------------------------------------------------------------------
Southwestern Energy Co., 4.10% Sr. Unsec. Nts., 3/15/22(1) 1,521,000 1,510,140
--------------------------------------------------------------------------------------------------------------
Woodside Finance Ltd.:
4.60% Sr. Unsec. Nts., 5/10/21(1) 2,326,000 2,422,841
5% Sr. Unsec. Nts., 11/15/13(1) 2,974,000 3,124,315
-----------
46,280,382
--------------------------------------------------------------------------------------------------------------
FINANCIALS-15.8%
--------------------------------------------------------------------------------------------------------------
CAPITAL MARKETS-3.3%
Blackstone Holdings Finance Co. LLC, 6.625% Sr. Unsec. Nts., 8/15/19(1) 4,750,000 5,085,018
--------------------------------------------------------------------------------------------------------------
Goldman Sachs Capital, Inc. (The), 6.345% Sub. Bonds, 2/15/34 2,839,000 2,650,363
--------------------------------------------------------------------------------------------------------------
Goldman Sachs Group, Inc. (The):
5.25% Sr. Unsec. Nts., 7/27/21 2,592,000 2,569,600
5.75% Sr. Unsec. Nts., 1/24/22 1,843,000 1,898,802
6.25% Sr. Nts., 2/1/41 2,816,000 2,782,695
--------------------------------------------------------------------------------------------------------------
Macquarie Bank Ltd.:
5% Sr. Nts., 2/22/17(1) 979,000 987,298
6.625% Unsec. Sub. Nts., 4/7/21(1) 4,420,000 4,442,847
--------------------------------------------------------------------------------------------------------------
Morgan Stanley:
5.50% Sr. Unsec. Unsub. Nts., 7/24/20(1) 2,513,000 2,455,872
5.625% Sr. Unsec. Nts., 9/23/19 7,183,000 7,108,361
--------------------------------------------------------------------------------------------------------------
14 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
CAPITAL MARKETS CONTINUED
Nomura Holdings, Inc.:
4.125% Sr. Unsec. Unsub. Nts., 1/19/16 $ 2,649,000 $ 2,672,298
6.70% Sr. Unsec. Nts., 3/4/20 271,000 293,654
--------------------------------------------------------------------------------------------------------------
Raymond James Financial, Inc., 5.625% Sr. Nts., 4/1/24 2,977,000 3,041,818
--------------------------------------------------------------------------------------------------------------
TD Ameritrade Holding Corp., 2.95% Sr. Unsec. Unsub. Nts., 12/1/12 3,242,000 3,289,904
--------------------------------------------------------------------------------------------------------------
UBS AG Stamford CT, 2.25% Sr. Unsec. Nts., 8/12/13 1,120,000 1,127,353
-----------
40,405,883
--------------------------------------------------------------------------------------------------------------
COMMERCIAL BANKS-3.7%
ANZ National International Ltd., 2.375% Sr. Unsec. Nts., 12/21/12(1) 3,088,000 3,123,703
--------------------------------------------------------------------------------------------------------------
Fifth Third Cap Trust IV, 6.50% Jr. Unsec. Sub. Nts., 4/15/37 5,277,000 5,277,000
--------------------------------------------------------------------------------------------------------------
HSBC Finance Capital Trust IX, 5.911% Nts., 11/30/35(2) 7,850,000 7,403,806
--------------------------------------------------------------------------------------------------------------
Lloyds TSB Bank plc, 6.50% Unsec. Sub. Nts., 9/14/20(1) 5,320,000 5,269,465
--------------------------------------------------------------------------------------------------------------
Mercantile Bankshares Corp., 4.625% Unsec. Sub. Nts., Series B, 4/15/13 1,818,000 1,880,354
--------------------------------------------------------------------------------------------------------------
Nordea Bank AB, 3.125% Sr. Nts., 3/20/17(1) 5,585,000 5,595,924
--------------------------------------------------------------------------------------------------------------
Sumitomo Mitsui Banking Corp., 8% Unsec. Sub. Nts., 6/15/12 2,782,000 2,813,843
--------------------------------------------------------------------------------------------------------------
Wells Fargo & Co., 7.98% Jr. Sub. Perpetual Bonds, Series K(11) 7,928,000 8,671,250
--------------------------------------------------------------------------------------------------------------
Zions Bancorp:
7.75% Sr. Unsec. Nts., 9/23/14 2,529,000 2,770,823
4.50% Sr. Unsec. Unsub. Nts., 3/27/17 2,126,000 2,114,579
-----------
44,920,747
--------------------------------------------------------------------------------------------------------------
CONSUMER FINANCE-1.1%
American Express Bank FSB, 5.50% Sr. Unsec. Nts., 4/16/13 2,690,000 2,816,688
--------------------------------------------------------------------------------------------------------------
Discover Bank, 8.70% Unsec. Sub. Nts., 11/18/19 4,330,000 5,394,479
--------------------------------------------------------------------------------------------------------------
SLM Corp., 6.25% Sr. Nts., 1/25/16 4,580,000 4,766,415
-----------
12,977,582
--------------------------------------------------------------------------------------------------------------
DIVERSIFIED FINANCIAL SERVICES-2.5%
Bank of America Corp., 5.70% Sr. Unsec. Unsub. Nts., 1/24/22 3,201,000 3,393,636
--------------------------------------------------------------------------------------------------------------
Citigroup, Inc., 6.125% Sr. Unsec. Unsub. Nts., 11/21/17 4,928,000 5,505,729
--------------------------------------------------------------------------------------------------------------
ING Bank NV:
3.75% Unsec. Nts., 3/7/17(1) 3,098,000 3,071,215
5% Sr. Unsec. Nts., 6/9/21(1) 2,235,000 2,273,037
--------------------------------------------------------------------------------------------------------------
JPMorgan Chase & Co., 7.90% Perpetual Bonds, Series 1(11) 9,819,000 10,794,243
--------------------------------------------------------------------------------------------------------------
Merrill Lynch & Co., Inc., 7.75% Jr. Sub. Bonds, 5/14/38 4,315,000 4,711,708
-----------
29,749,568
--------------------------------------------------------------------------------------------------------------
INSURANCE-4.0%
American International Group, Inc., 3.80% Unsec. Nts., 3/22/17 2,655,000 2,690,755
--------------------------------------------------------------------------------------------------------------
Burlington Northern Santa Fe LLC, 5.75% Sr. Unsec. Bonds, 5/1/40 927,000 1,059,009
--------------------------------------------------------------------------------------------------------------
CNA Financial Corp.:
5.75% Sr. Unsec. Unsub. Nts., 8/15/21 2,178,000 2,324,320
5.875% Sr. Unsec. Unsub. Bonds, 8/15/20 1,534,000 1,646,620
--------------------------------------------------------------------------------------------------------------
Gulf South Pipeline Co. LP, 5.75% Sr. Unsec. Nts., 8/15/12(1) 2,685,000 2,721,927
--------------------------------------------------------------------------------------------------------------
International Lease Finance Corp., 5.75% Sr. Unsec. Unsub. Nts., 5/15/16 2,689,000 2,687,930
--------------------------------------------------------------------------------------------------------------
Irish Life & Permanent Group Holdings plc, 3.60% Sr. Unsec. Unsub.
Nts., 1/14/13(1) 1,900,000 1,862,000
15 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
INSURANCE CONTINUED
--------------------------------------------------------------------------------------------------------------
Liberty Mutual Group, Inc., 5% Sr. Nts., 6/1/21(1) $ 4,145,000 $ 4,145,327
--------------------------------------------------------------------------------------------------------------
Lincoln National Corp., 6.05% Jr. Unsec. Sub. Bonds, 4/20/67 6,060,000 5,696,400
--------------------------------------------------------------------------------------------------------------
Prudential Covered Trust 2012-1, 2.997% Sec. Nts., 9/30/15(1) 3,910,000 3,957,401
--------------------------------------------------------------------------------------------------------------
Swiss Re Capital I LP, 6.854% Perpetual Bonds(1,11) 6,303,000 5,954,034
--------------------------------------------------------------------------------------------------------------
Unum Group, 5.625% Sr. Unsec. Unsub. Nts., 9/15/20 5,031,000 5,331,718
--------------------------------------------------------------------------------------------------------------
Willis Group Holdings plc, 4.125% Sr. Unsec. Unsub. Nts., 3/15/16 2,824,000 2,872,641
--------------------------------------------------------------------------------------------------------------
ZFS Finance USA Trust V, 6.50% Jr. Sub. Bonds, 5/9/37(1,2) 5,581,000 5,413,570
-----------
48,363,652
--------------------------------------------------------------------------------------------------------------
REAL ESTATE INVESTMENT TRUSTS-1.2%
American Tower Corp.:
5.05% Sr. Unsec. Unsub. Nts., 9/1/20 985,000 1,019,190
7% Sr. Unsec. Nts., 10/15/17 2,465,000 2,874,873
--------------------------------------------------------------------------------------------------------------
Brandywine Operating Partnership LP, 5.75% Sr. Unsec. Unsub. Nts., 4/1/12 1,402,000 1,402,000
--------------------------------------------------------------------------------------------------------------
CommonWealth REIT, 5.75% Sr. Unsec. Unsub. Bonds, 2/15/14 2,798,000 2,895,888
--------------------------------------------------------------------------------------------------------------
Duke Realty LP, 6.25% Sr. Unsec. Unsub. Nts., 5/15/13 3,074,000 3,224,915
--------------------------------------------------------------------------------------------------------------
WEA Finance LLC/WT Finance Aust Pty Ltd., 7.50% Sr. Unsec. Nts., 6/2/14(1) 2,683,000 2,964,160
-----------
14,381,026
--------------------------------------------------------------------------------------------------------------
HEALTH CARE-1.1%
--------------------------------------------------------------------------------------------------------------
BIOTECHNOLOGY-0.3%
Celgene Corp., 5.70% Sr. Unsec. Nts., 10/15/40 1,783,000 1,868,639
--------------------------------------------------------------------------------------------------------------
Gilead Sciences, Inc., 5.65% Sr. Unsec. Nts., 12/1/41 1,585,000 1,694,097
-----------
3,562,736
--------------------------------------------------------------------------------------------------------------
HEALTH CARE PROVIDERS & SERVICES-0.5%
Aristotle Holding, Inc., 3.90% Unsec. Nts., 2/15/22(1) 2,094,000 2,119,951
--------------------------------------------------------------------------------------------------------------
McKesson Corp., 6% Sr. Unsec. Unsub. Nts., 3/1/41 1,440,000 1,790,317
--------------------------------------------------------------------------------------------------------------
Quest Diagnostics, Inc., 5.75% Sr. Unsec. Nts., 1/30/40 2,043,000 2,133,390
-----------
6,043,658
--------------------------------------------------------------------------------------------------------------
PHARMACEUTICALS-0.3%
Mylan, Inc., 6% Sr. Nts., 11/15/18(1) 3,358,000 3,525,900
--------------------------------------------------------------------------------------------------------------
INDUSTRIALS-3.0%
--------------------------------------------------------------------------------------------------------------
AEROSPACE & DEFENSE-0.3%
BE Aerospace, Inc., 8.50% Sr. Unsec. Nts., 7/1/18 2,986,000 3,314,460
--------------------------------------------------------------------------------------------------------------
COMMERCIAL SERVICES & SUPPLIES-0.5%
Corrections Corp. of America, 7.75% Sr. Nts., 6/1/17 3,171,000 3,472,245
--------------------------------------------------------------------------------------------------------------
R.R. Donnelley & Sons Co., 8.60% Sr. Unsec. Unsub. Nts., 8/15/16 2,758,000 2,937,270
-----------
6,409,515
--------------------------------------------------------------------------------------------------------------
INDUSTRIAL CONGLOMERATES-0.8%
General Electric Capital Corp.:
4.25% Sr. Unsec. Nts., Series A, 6/15/12 2,385,000 2,402,391
5.25% Sr. Unsec. Nts., 10/19/12 578,000 592,576
6.375% Unsec. Sub. Bonds, 11/15/67 6,149,000 6,287,353
-----------
9,282,320
16 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
MACHINERY-1.1%
CNH Capital LLC, 6.25% Sr. Unsec. Nts., 11/1/16(1) $ 3,214,000 $ 3,463,085
--------------------------------------------------------------------------------------------------------------
ITT Corp., 7.375% Unsec. Debs., 11/15/15 2,060,000 2,379,300
--------------------------------------------------------------------------------------------------------------
Joy Global, Inc., 5.125% Sr. Unsec. Unsub. Nts., 10/15/21 1,566,000 1,698,247
--------------------------------------------------------------------------------------------------------------
Kennametal, Inc., 3.875% Sr. Unsec. Unsub. Nts., 2/15/22 2,240,000 2,259,168
--------------------------------------------------------------------------------------------------------------
SPX Corp., 6.875% Sr. Unsec. Nts., 9/1/17(1) 2,616,000 2,877,600
-----------
12,677,400
--------------------------------------------------------------------------------------------------------------
PROFESSIONAL SERVICES-0.0%
FTI Consulting, Inc., 6.75% Sr. Unsec. Nts., 10/1/20 489,000 526,286
--------------------------------------------------------------------------------------------------------------
ROAD & RAIL-0.3%
CSX Corp., 5.50% Sr. Unsec. Nts., 4/15/41 973,000 1,056,690
--------------------------------------------------------------------------------------------------------------
Kansas City Southern de Mexico, 8% Sr. Unsec. Unsub. Nts., 2/1/18 2,824,000 3,162,880
-----------
4,219,570
--------------------------------------------------------------------------------------------------------------
INFORMATION TECHNOLOGY-1.3%
--------------------------------------------------------------------------------------------------------------
COMMUNICATIONS EQUIPMENT-0.1%
Juniper Networks, Inc., 5.95% Sr. Unsec. Unsub. Nts., 3/15/41 1,294,000 1,483,350
--------------------------------------------------------------------------------------------------------------
COMPUTERS & PERIPHERALS-0.2%
Hewlett-Packard Co., 4.65% Sr. Unsec. Nts., 12/9/21 2,337,000 2,448,631
--------------------------------------------------------------------------------------------------------------
ELECTRONIC EQUIPMENT & INSTRUMENTS-0.4%
Arrow Electronics, Inc., 5.125% Sr. Unsec. Unsub. Nts., 3/1/21 3,232,000 3,307,739
--------------------------------------------------------------------------------------------------------------
Corning, Inc., 4.75% Sr. Unsec. Unsub. Nts., 3/15/42 1,196,000 1,158,918
-----------
4,466,657
--------------------------------------------------------------------------------------------------------------
OFFICE ELECTRONICS-0.2%
Xerox Corp., 5.65% Sr. Unsec. Nts., 5/15/13 2,655,000 2,779,026
--------------------------------------------------------------------------------------------------------------
SOFTWARE-0.4%
BMC Software, Inc., 4.25% Sr. Unsec. Nts., 2/15/22 1,039,000 1,043,278
--------------------------------------------------------------------------------------------------------------
Symantec Corp., 4.20% Sr. Unsec. Unsub. Nts., 9/15/20 3,686,000 3,765,396
-----------
4,808,674
--------------------------------------------------------------------------------------------------------------
MATERIALS-3.0%
--------------------------------------------------------------------------------------------------------------
CHEMICALS-0.8%
Agrium, Inc., 6.125% Sr. Unsec. Nts., 1/15/41 1,491,000 1,725,427
--------------------------------------------------------------------------------------------------------------
Airgas, Inc., 3.25% Sr. Nts., 10/1/15 5,417,000 5,638,490
--------------------------------------------------------------------------------------------------------------
Mosaic Co. (The), 4.875% Sr. Unsec. Unsub. Nts., 11/15/41 1,973,000 1,968,569
-----------
9,332,486
--------------------------------------------------------------------------------------------------------------
CONTAINERS & PACKAGING-0.6%
Crown Americas LLC/Crown Americas Capital Corp. III, 6.25% Sr.
Unsec. Nts., 2/1/21 2,937,000 3,171,960
--------------------------------------------------------------------------------------------------------------
Rock-Tenn Co., 4.90% Sr. Unsec. Nts., 3/1/22(1) 1,064,000 1,064,093
--------------------------------------------------------------------------------------------------------------
Sealed Air Corp., 8.375% Sr. Unsec. Nts., 9/15/21(1) 2,552,000 2,880,570
-----------
7,116,623
--------------------------------------------------------------------------------------------------------------
METALS & MINING-1.5%
ArcelorMittal, 6.25% Sr. Unsec. Unsub. Nts., 2/25/22 1,653,000 1,673,795
--------------------------------------------------------------------------------------------------------------
Cliffs Natural Resources, Inc., 6.25% Sr. Unsec. Unsub. Nts., 10/1/40 814,000 864,882
--------------------------------------------------------------------------------------------------------------
Freeport-McMoRan Copper & Gold, Inc., 3.55% Sr. Unsec. Nts., 3/1/22 2,166,000 2,083,696
--------------------------------------------------------------------------------------------------------------
Petrohawk Energy Corp., 6.25% Sr. Unsec. Nts., 6/1/19 4,741,000 5,392,888
--------------------------------------------------------------------------------------------------------------
Teck Resources Ltd., 7% Sr. Unsec. Unsub. Nts., 9/15/12 3,075,000 3,134,981
--------------------------------------------------------------------------------------------------------------
17 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Principal
Amount Value
--------------------------------------------------------------------------------------------------------------
METALS & MINING CONTINUED
Xstrata Canada Corp.:
5.375% Sr. Unsec. Unsub. Nts., 6/1/15 $ 1,485,000 $ 1,621,822
6% Sr. Unsec. Unsub. Nts., 10/15/15 2,214,000 2,444,214
7.25% Sr. Unsec. Unsub. Nts., 7/15/12 1,069,000 1,088,822
--------------------------------------------------------------------------------------------------------------
Xstrata Finance Canada Ltd., 5.80% Sr. Unsec. Unsub. Bonds, 11/15/16(1) 52,000 58,462
-----------
18,363,562
--------------------------------------------------------------------------------------------------------------
PAPER & FOREST PRODUCTS-0.1%
International Paper Co., 6% Sr. Unsec. Unsub. Nts., 11/15/41 1,318,000 1,431,468
--------------------------------------------------------------------------------------------------------------
TELECOMMUNICATION SERVICES-2.8%
--------------------------------------------------------------------------------------------------------------
DIVERSIFIED TELECOMMUNICATION SERVICES-2.6%
AT&T, Inc., 6.30% Sr. Unsec. Bonds, 1/15/38 3,885,000 4,568,519
--------------------------------------------------------------------------------------------------------------
British Telecommunications plc, 9.875% Bonds, 12/15/30 1,796,000 2,643,590
--------------------------------------------------------------------------------------------------------------
CenturyLink, Inc., 7.65% Sr. Unsec. Unsub. Nts., 3/15/42 2,333,000 2,193,104
--------------------------------------------------------------------------------------------------------------
Frontier Communications Corp., 8.25% Sr. Unsec. Nts., 4/15/17 3,254,000 3,514,320
--------------------------------------------------------------------------------------------------------------
Qwest Corp., 7.625% Sr. Unsec. Unsub. Nts., 6/15/15 3,227,000 3,756,315
--------------------------------------------------------------------------------------------------------------
Telecom Italia Capital SA:
7.175% Sr. Unsec. Unsub. Nts., 6/18/19 3,971,000 4,248,970
7.721% Sr. Unsec. Unsub. Nts., 6/4/38 1,262,000 1,236,760
--------------------------------------------------------------------------------------------------------------
Telefonica Emisiones SAU, 5.462% Sr. Unsec. Unsub. Nts., 2/16/21 4,450,000 4,332,124
--------------------------------------------------------------------------------------------------------------
Verizon Communications, Inc., 6.40% Sr. Unsec. Nts., 2/15/38 1,690,000 2,048,253
--------------------------------------------------------------------------------------------------------------
Windstream Corp., 7.875% Sr. Unsec. Unsub. Nts., 11/1/17 2,881,000 3,190,708
-----------
31,732,663
--------------------------------------------------------------------------------------------------------------
WIRELESS TELECOMMUNICATION SERVICES-0.2%
America Movil SAB de CV, 6.125% Sr. Unsec. Unsub. Nts., 3/30/40 1,413,000 1,650,141
--------------------------------------------------------------------------------------------------------------
UTILITIES-2.1%
--------------------------------------------------------------------------------------------------------------
ELECTRIC UTILITIES-1.3%
Allegheny Energy Supply Co. LLC, 8.25% Bonds, 4/15/12(1) 2,716,000 2,721,332
--------------------------------------------------------------------------------------------------------------
Edison International, 3.75% Sr. Unsec. Unsub. Nts., 9/15/17 2,470,000 2,593,878
--------------------------------------------------------------------------------------------------------------
Great Plains Energy, Inc., 2.75% Sr. Unsec. Unsub. Nts., 8/15/13 2,763,000 2,811,043
--------------------------------------------------------------------------------------------------------------
Northeast Utilities Co., 7.25% Sr. Unsec. Nts., 4/1/12 2,860,000 2,860,000
--------------------------------------------------------------------------------------------------------------
Oncor Electric Delivery Co., 7% Debs., 9/1/22 533,000 647,802
--------------------------------------------------------------------------------------------------------------
PPL WEM Holdings plc, 5.375% Sr. Unsec. Nts., 5/1/21(1) 4,036,000 4,359,655
-----------
15,993,710
--------------------------------------------------------------------------------------------------------------
ENERGY TRADERS-0.3%
TransAlta Corp., 5.75% Sr. Unsec. Nts., 12/15/13 2,889,000 3,075,962
--------------------------------------------------------------------------------------------------------------
GAS UTILITIES-0.2%
Southwest Gas Corp., 3.875% Sr. Unsec. Unsub. Nts., 4/1/22 2,095,000 2,140,629
--------------------------------------------------------------------------------------------------------------
MULTI-UTILITIES-0.3%
CMS Energy Corp., 6.25% Sr. Unsec. Nts., 2/1/20 2,682,000 2,942,192
--------------------------------------------------------------------------------------------------------------
Pacific Gas & Electric Co., 4.50% Sr. Unsec. Nts., 12/15/41 746,000 747,283
-----------
3,689,475
-----------
Total Corporate Bonds and Notes (Cost $516,252,277) 532,462,921
18 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Shares Value
----------------------------------------------------------------------------------------------------------------
INVESTMENT COMPANY-14.0%
Oppenheimer Institutional Money Market Fund, Cl. E, 0.22%(12,13)
(Cost $168,559,404) 168,559,404 $ 168,559,404
----------------------------------------------------------------------------------------------------------------
TOTAL INVESTMENTS, AT VALUE (COST $1,583,196,729) 134.6% 1,621,533,485
----------------------------------------------------------------------------------------------------------------
LIABILITIES IN EXCESS OF OTHER ASSETS (34.6) (417,153,874)
---------------------------
NET ASSETS 100.0% $1,204,379,611
===========================
Footnotes to Statement of Investments
-----------
* March 30, 2012 represents the last business day of the Fund's quarterly
period. See accompanying Notes.
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 $172,429,213 or
14.32% of the Fund's net assets as of March 30, 2012.
2. Represents the current interest rate for a variable or increasing rate
security.
3. Restricted security. The aggregate value of restricted securities as of
March 30, 2012 was $5,364,457, which represents 0.45% of the Fund's net
assets. See accompanying Notes. Information concerning restricted
securities is as follows:
UNREALIZED
ACQUISITION APPRECIATION
SECURITY DATE COST VALUE (DEPRECIATION)
------------------------------------------------------------------------------------------------------------------------
Exeter Automobile Receivables Trust, Automobile Receivable
Nts., Series 2012-1A, Cl. A, 2.02%, 8/15/16 2/23/12 $ 2,346,125 $2,345,643 $ (482)
JPMorgan Chase Commercial Mortgage Securities Corp.,
Commercial Mtg. Pass-Through Certificates, Series 2007-LDPX,
Cl. A2S2, 5.187%, 1/1/49 7/14/10 230,034 236,440 6,406
NC Finance Trust, Collateralized Mtg. Obligation Pass-Through
Certificates, Series 1999-I, Cl. ECFD, 3.405%, 1/25/29 8/10/10 1,703,335 140,053 (1,563,282)
Santander Drive Auto Receivables Trust 2011-S1A, Automobile
Receivables Nts., Series 2011-S1A, Cl. D, 3.10%, 5/15/17 2/4/11-2/9/12 2,651,500 2,642,321 (9,179)
-----------------------------------------
$ 6,930,994 $5,364,457 $(1,566,537)
=========================================
4. All or a portion of the security position is when-issued or delayed
delivery to be delivered and settled after March 30, 2012. See
accompanying Notes.
5. Interest-Only Strips represent the right to receive the monthly interest
payments on an underlying pool of mortgage loans or other receivables.
These securities typically decline in price as interest rates decline.
Most other fixed income securities increase in price when interest rates
decline. The principal amount of the underlying pool represents the
notional amount on which current interest is calculated. The price of
these securities is typically more sensitive to changes in prepayment
rates than traditional mortgage or asset-backed securities (for example,
GNMA pass-throughs). Interest rates disclosed represent current yields
based upon the current cost basis and estimated timing and amount of
future cash flows. These securities amount to $37,971,237 or 3.15% of the
Fund's net assets as of March 30, 2012.
6. The current amortization rate of the security's cost basis exceeds the
future interest payments currently estimated to be received. Both the
amortization rate and interest payments are contingent on future mortgage
pre-payment speeds and are therefore subject to change.
7. Principal-Only Strips represent the right to receive the monthly
principal payments on an underlying pool of mortgage loans. The value of
these securities generally increases as interest rates decline and
prepayment rates rise. The price of these securities is typically more
volatile than that of coupon-bearing bonds of the same maturity. Interest
rates disclosed represent current yields based upon the current cost basis
and estimated timing of future cash flows. These securities amount to
$360,813 or 0.03% of the Fund's net assets as of March 30, 2012.
8. This security is not accruing income because the issuer has missed an
interest payment on it and/or is not anticipated to make future interest
and/or principal payments. The rate shown is the original contractual
interest rate. See accompanying Notes.
9. All or a portion of the security position is held in collateralized
accounts to cover initial margin requirements on open futures contracts
and written options on futures, if applicable. The aggregate market value
of such securities is $2,128,374. See accompanying Notes.
10. Zero coupon bond reflects effective yield on the date of purchase.
11. This bond has no contractual maturity date, is not redeemable and
contractually pays an indefinite stream of interest. Rate reported
represents the current interest rate for this variable rate security.
19 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
12. Is or was an affiliate, as defined in the Investment Company Act of 1940,
at or during the period ended March 30, 2012, by virtue of the Fund owning
at least 5% of the voting securities of the issuer or as a result of the
Fund and the issuer having the same investment adviser. Transactions
during the period in which the issuer was an affiliate are as follows:
SHARES GROSS GROSS SHARES
DECEMBER 30, 2011(A) ADDITIONS REDUCTIONS MARCH 30, 2012
-------------------------------------------------------------------------------------------------------------------
Oppenheimer Institutional Money Market Fund, Cl. E 216,745,143 88,022,855 136,208,594 168,559,404
VALUE INCOME
-------------------------------------------------------------------------------------------------------------------
Oppenheimer Institutional Money Market Fund, Cl. E $ 168,559,404 $ 101,185
A. December 30, 2011 represents the last busyness day of the Fund's 2011
fiscal year. See accompanying Notes.
13. Rate shown is the 7-day yield as of March 30, 2012.
FUTURES CONTRACTS AS OF MARCH 30, 2012 ARE AS FOLLOWS:
UNREALIZED
NUMBER OF EXPIRATION APPRECIATION
CONTRACT DESCRIPTION BUY/SELL CONTRACTS DATE VALUE (DEPRECIATION)
-----------------------------------------------------------------------------------------------
U.S. Long Bonds Buy 209 6/20/12 $ 28,789,750 $ (590,709)
U.S. Treasury Nts., 2 yr. Sell 632 6/29/12 139,128,876 49,193
U.S. Treasury Nts., 5 yr. Sell 485 6/29/12 59,431,446 196,417
U.S. Treasury Nts., 10 yr. Sell 365 6/20/12 47,261,797 (158,307)
U.S. Treasury Ultra Bonds Buy 329 6/20/12 49,668,719 (2,090,414)
--------------
$ (2,593,820)
==============
NOTES TO STATEMENT OF INVESTMENTS
QUARTERLY AND ANNUAL PERIODS. The last day of the Fund's quarterly period was
the last day the New York Stock Exchange was open for trading. The Fund's
financial statements have been presented through that date to maintain
consistency with the Fund's net asset value calculations used for shareholder
transactions.
The last day of the Fund's fiscal year was the last day the New York Stock
Exchange was open for trading. The Fund's financial statements have been
presented through that date to maintain consistency with the Fund's net asset
value calculations used for shareholder transactions.
SECURITIES ON A WHEN-ISSUED OR DELAYED DELIVERY BASIS. The Fund may purchase
securities on a "when-issued" basis, and may purchase or sell securities on a
"delayed delivery" basis. "When-issued" or "delayed delivery" refers to
securities whose terms and indenture are available and for which a market
exists, but which are not available for immediate delivery. Delivery and payment
for securities that have been purchased by the Fund on a when-issued basis
normally takes place within six months and possibly as long as two years or more
after the trade date. During this period, such securities do not earn interest,
are subject to market fluctuation and may increase or decrease in value prior to
their delivery. The purchase of securities on a when-issued basis may increase
the volatility of the Fund's net asset value to the extent the Fund executes
such transactions while remaining substantially fully invested. When the Fund
engages in when-issued or delayed delivery transactions, it relies on the buyer
or seller, as the case may be, to complete the transaction. Their failure to do
so may cause the Fund to lose the opportunity to obtain or dispose of the
security at a price and yield it considers advantageous. The Fund may also sell
securities that it purchased on a when-issued basis or forward commitment prior
to settlement of the original purchase.
As of March 30, 2012, the Fund had purchased securities issued on a when-issued
or delayed delivery basis and sold securities issued on a delayed delivery basis
as follows:
WHEN-ISSUED OR DELAYED DELIVERY
BASIS TRANSACTIONS
-----------------------------------------------------
Purchased securities $ 432,973,060
Sold securities 10,100,933
20 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
The Fund may enter into "forward roll" transactions with respect to
mortgage-related securities. In this type of transaction, the Fund sells a
mortgage-related security to a buyer and simultaneously agrees to repurchase a
similar security (same type, coupon and maturity) at a later date at a set
price. During the period between the sale and the repurchase, the Fund will not
be entitled to receive interest and principal payments on the securities that
have been sold. The Fund records the incremental difference between the forward
purchase and sale of each forward roll as realized gain (loss) on investments or
as fee income in the case of such transactions that have an associated fee in
lieu of a difference in the forward purchase and sale price.
Forward roll transactions may be deemed to entail embedded leverage since the
Fund purchases mortgage-related securities with extended settlement dates rather
than paying for the securities under a normal settlement cycle. This embedded
leverage increases the Fund's market value of investments relative to its net
assets which can incrementally increase the volatility of the Fund's
performance. Forward roll transactions can be replicated over multiple
settlement periods.
Risks of entering into forward roll transactions include the potential inability
of the counterparty to meet the terms of the agreement; the potential of the
Fund to receive inferior securities at redelivery as compared to the securities
sold to the counterparty; and counterparty credit risk.
CREDIT RISK. The Fund invests in high-yield, non-investment-grade bonds, which
may be subject to a greater degree of credit risk. Credit risk relates to the
ability of the issuer to meet interest or principal payments or both as they
become due. The Fund may acquire securities that have missed an interest
payment, and is not obligated to dispose of securities whose issuers or
underlying obligors subsequently miss an interest payment. Information
concerning securities not accruing interest as of March 30, 2012 is as follows:
Cost $1,703,335
Market Value $ 140,053
Market Value as a % of Net Assets 0.01%
INVESTMENT IN OPPENHEIMER INSTITUTIONAL MONEY MARKET FUND. The Fund is
permitted to invest daily available cash balances in an affiliated money market
fund. The Fund may invest the available cash in Class E shares of Oppenheimer
Institutional Money Market Fund ("IMMF") to seek current income while preserving
liquidity. IMMF is a registered open-end management investment company,
regulated as a money market fund under the Investment Company Act of 1940, as
amended. The Manager is also the investment adviser of IMMF. When applicable,
the Fund's investment in IMMF is included in the Statement of Investments.
Shares of IMMF are valued at their net asset value per share. As a shareholder,
the Fund is subject to its proportional share of IMMF's Class E expenses,
including its management fee. The Manager will waive fees and/or reimburse Fund
expenses in an amount equal to the indirect management fees incurred through the
Fund's investment in IMMF.
FOREIGN CURRENCY TRANSLATION. The Fund's accounting records are maintained in
U.S. dollars. The values of securities denominated in foreign currencies and
amounts related to the purchase and sale of foreign securities and foreign
investment income are translated into U.S. dollars as of the close of the
Exchange, normally 4:00 P.M. Eastern time, on each day the Exchange is open for
trading. Foreign exchange rates may be valued primarily using a reliable bank,
dealer or service authorized by the Board of Trustees.
SECURITIES VALUATION
The Fund calculates the net asset value of its shares as
of the close of the New York Stock Exchange (the "Exchange"), normally 4:00
P.M. Eastern time, on each day the Exchange is open for trading.
The Fund's Board has adopted procedures for the valuation of the Fund's
securities and has delegated the day-to-day responsibility for valuation
determinations under those procedures to the Manager. The Manager has
established a Valuation Committee which is responsible for determining a "fair
valuation" for any security for which market quotations are not "readily
available." The Valuation Committee's fair valuation determinations are subject
to review, approval and ratification by the Fund's Board at its next regularly
scheduled meeting covering the calendar quarter in which the fair valuation was
determined.
21 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Valuation Methods and inputs
Securities are valued using unadjusted quoted market prices, when available, as
supplied primarily by third party pricing services or dealers.
The following methodologies are used to determine the market value or the fair
value of the types of securities described below:
Securities traded on a registered U.S. securities exchange (including
exchange-traded derivatives other than futures and futures options) are valued
based on the last sale price of the security reported on the principal exchange
on which it is traded, prior to the time when the Fund's assets are valued. In
the absence of a sale, the security is valued at the last sale price on the
prior trading day, if it is within the spread of the current day's closing "bid"
and "asked" prices, and if not, at the current day's closing bid price. A
security of a foreign issuer traded on a foreign exchange but not listed on a
registered U.S. securities exchange is valued based on the last sale price on
the principal exchange on which the security is traded, as identified by the
third party pricing service used by the Manager, prior to the time when the
Fund's assets are valued. If the last sale price is unavailable, the security is
valued at the most recent official closing price on the principal exchange on
which it is traded. If the last sales price or official closing price for a
foreign security is not available, the security is valued at the mean between
the bid and asked price per the exchange or, if not available from the exchange,
obtained from two dealers. If bid and asked prices are not available from either
the exchange or two dealers, the security is valued by using one of the
following methodologies (listed in order of priority); (1) using a bid from the
exchange, (2) the mean between the bid and asked price as provided by a single
dealer, or (3) a bid from a single dealer.
Shares of a registered investment company that are not traded on an exchange are
valued at that investment company's net asset value per share.
Corporate and government debt securities (of U.S. or foreign issuers) and
municipal debt securities, event-linked bonds, loans, mortgage-backed
securities, collateralized mortgage obligations, and asset-backed securities are
valued at the mean between the "bid" and "asked" prices utilizing evaluated
prices obtained from third party pricing services or broker-dealers who may use
matrix pricing methods to determine the evaluated prices.
Short-term money market type debt securities with a remaining maturity of sixty
days or less are valued at cost adjusted by the amortization of discount or
premium to maturity (amortized cost), which approximates market value.
Short-term debt securities with a remaining maturity in excess of sixty days are
valued at the mean between the "bid" and "asked" prices utilizing evaluated
prices obtained from third party pricing services or broker-dealers.
Futures contracts and futures options traded on a commodities or futures
exchange will be valued at the final settlement price or official closing price
on the principal exchange as reported by such principal exchange at its trading
session ending at, or most recently prior to, the time when the Fund's assets
are valued.
A description of the standard inputs that may generally be considered by the
third party pricing vendors in determining their evaluated prices is provided
below.
SECURITY TYPE STANDARD INPUTS GENERALLY CONSIDERED BY THIRD-PARTY PRICING VENDORS
--------------------------------------------------------------------------------------------------------------------------------
Corporate debt, government debt, municipal, mortgage- Reported trade data, broker-dealer price quotations, benchmark yields,
backed and asset-backed securities issuer spreads on comparable securities, the credit quality, yield,
maturity, and other appropriate factors.
Loans Information obtained from market participants regarding reported trade
data and broker-dealer price quotations.
Event-linked bonds Information obtained from market participants regarding reported trade
data and broker-dealer price quotations.
If a market value or price cannot be determined for a security using the
methodologies described above, or if, in the "good faith" opinion of the
Manager, the market value or price obtained does not constitute a "readily
available market quotation," or a significant event has occurred that would
materially affect the value of the security the security is fair valued either
(i) by a standardized fair
22 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
valuation methodology applicable to the security type or the significant event
as previously approved by the Valuation Committee and the Fund's Board or (ii)
as determined in good faith by the Manager's Valuation Committee. The Valuation
Committee considers all relevant facts that are reasonably available, through
either public information or information available to the Manager, when
determining the fair value of a security. Fair value determinations by the
Manager are subject to review, approval and ratification by the Fund's Board at
its next regularly scheduled meeting covering the calendar quarter in which the
fair valuation was determined. Those fair valuation standardized methodologies
include, but are not limited to, valuing securities at the last sale price or
initially at cost and subsequently adjusting the value based on: changes in
company specific fundamentals, changes in an appropriate securities index, or
changes in the value of similar securities which may be further adjusted for
any discounts related to security-specific resale restrictions. When possible,
such methodologies use observable market inputs such as unadjusted quoted
prices of similar securities, observable interest rates, currency rates and
yield curves. The methodologies used for valuing securities are not necessarily
an indication of the risks associated with investing in those securities nor
can it be assured that the Fund can obtain the fair value assigned to a
security if it were to sell the security.
To assess the continuing appropriateness of security valuations, the Manager, or
its third party service provider who is subject to oversight by the Manager,
regularly compares prior day prices, prices on comparable securities, and sale
prices to the current day prices and challenges those prices exceeding certain
tolerance levels with the third party pricing service or broker source. For
those securities valued by fair valuations, whether through a standardized fair
valuation methodology or a fair valuation determination, the Valuation Committee
reviews and affirms the reasonableness of the valuations based on such
methodologies and fair valuation determinations on a regular basis after
considering all relevant information that is reasonably available.
Classifications
Each investment asset or liability of the Fund is assigned a level at
measurement date based on the significance and source of the inputs to its
valuation. Various data inputs are used in determining the value of each of the
Fund's investments as of the reporting period end. These data inputs are
categorized in the following hierarchy under applicable financial accounting
standards:
1) Level 1-unadjusted quoted prices in active markets for identical
assets or liabilities (including securities actively traded on a
securities exchange)
2) Level 2-inputs 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 3-significant unobservable inputs (including the Manager's own
judgments about assumptions that market participants would use in
pricing the asset or liability).
The inputs used for valuing securities are not necessarily an indication of the
risks associated with investing in those securities.
The table below categorizes amounts as of March 30, 2012 based on valuation
input level:
LEVEL 3-
LEVEL 1- LEVEL 2- SIGNIFICANT
UNADJUSTED OTHER SIGNIFICANT UNOBSERVABLE
QUOTED PRICES OBSERVABLE INPUTS INPUTS VALUE
---------------------------------------------------------------------------------------------
ASSETS TABLE
INVESTMENTS, AT VALUE:
Asset-Backed Securities $ - $ 119,876,012 $ - $ 119,876,012
Mortgage-Backed Obligations - 750,504,655 - 750,504,655
U.S. Government Obligations - 50,130,493 - 50,130,493
Corporate Bonds and Notes - 532,462,921 - 532,462,921
Investment Company 168,559,404 - - 168,559,404
---------------------------------------------------------------
Total Investments, at Value 168,559,404 1,452,974,081 - 1,621,533,485
OTHER FINANCIAL INSTRUMENTS:
Futures margins 231,316 - - 231,316
---------------------------------------------------------------
Total Assets $168,790,720 $ 1,452,974,081 $ - $1,621,764,801
---------------------------------------------------------------
LIABILITIES TABLE
OTHER FINANCIAL INSTRUMENTS:
Futures margins $ (800,853) $ - $ - $ (800,853)
---------------------------------------------------------------
Total Liabilities $ (800,853) $ - $ - $ (800,853)
23 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Currency contracts and forwards, if any, are reported at their unrealized
appreciation/depreciation at measurement date, which represents the change in
the contract's value from trade date. Futures, if any, are reported at their
variation margin at measurement date, which represents the amount due to/from
the Fund at that date. All additional assets and liabilities included in the
above table are reported at their market value at measurement date.
There have been no significant changes to the fair valuation methodologies of
the Fund during the period.
RISK EXPOSURES AND THE USE OF DERIVATIVE INSTRUMENTS
The Fund's investment objectives not only permit the Fund to purchase investment
securities, they also allow the Fund to enter into various types of derivatives
contracts, including, but not limited to, futures contracts, forward foreign
currency exchange contracts, credit default swaps, interest rate swaps, total
return swaps, and purchased and written options. In doing so, the Fund will
employ strategies in differing combinations to permit it to increase, decrease,
or change the level or types of exposure to market risk factors. Central to
those strategies are features inherent to derivatives that make them more
attractive for this purpose than equity and debt securities: they require little
or no initial cash investment, they can focus exposure on only certain selected
risk factors, and they may not require the ultimate receipt or delivery of the
underlying security (or securities) to the contract. This may allow the Fund to
pursue its objectives more quickly and efficiently than if it were to make
direct purchases or sales of securities capable of effecting a similar response
to market factors.
MARKET RISK FACTORS. In accordance with its investment objectives, the Fund may
use derivatives to increase or decrease its exposure to one or more of the
following market risk factors:
COMMODITY RISK. Commodity risk relates to the change in value of
commodities or commodity indexes as they relate to increases or decreases
in the commodities market. Commodities are physical assets that have
tangible properties. Examples of these types of assets are crude oil,
heating oil, metals, livestock, and agricultural products.
CREDIT RISK. Credit risk relates to the ability of the issuer to meet
interest and principal payments, or both, as they come due. In general,
lower-grade, higher-yield bonds are subject to credit risk to a greater
extent than lower-yield, higher-quality bonds.
EQUITY RISK. Equity risk relates to the change in value of equity
securities as they relate to increases or decreases in the general market.
FOREIGN EXCHANGE RATE RISK. Foreign exchange rate risk relates to the
change in the U.S. dollar value of a security held that is denominated in a
foreign currency. The U.S. dollar value of a foreign currency denominated
security will decrease as the dollar appreciates against the currency,
while the U.S. dollar value will increase as the dollar depreciates against
the currency.
INTEREST RATE RISK. Interest rate risk refers to the fluctuations in value
of fixed-income securities resulting from the inverse relationship between
price and yield. For example, an increase in general interest rates will
tend to reduce the market value of already issued fixed-income investments,
and a decline in general interest rates will tend to increase their value.
In addition, debt securities with longer maturities, which tend to have
higher yields, are subject to potentially greater fluctuations in value
from changes in interest rates than obligations with shorter maturities.
VOLATILITY RISK. Volatility risk refers to the magnitude of the movement,
but not the direction of the movement, in a financial instrument's price
over a defined time period. Large increases or decreases in a financial
instrument's price over a relative time period typically indicate greater
volatility risk, while small increases or decreases in its price typically
indicate lower volatility risk.
The Fund's actual exposures to these market risk factors during the period are
discussed in further detail, by derivative type, below.
RISKS OF INVESTING IN DERIVATIVES. The Fund's use of derivatives can result in
losses due to unanticipated changes in the market risk factors and the overall
market. In instances where the Fund is using derivatives to decrease, or hedge,
exposures to market risk factors for securities held by the Fund, there are also
risks that those derivatives may not perform as expected resulting in losses for
the combined or hedged positions.
24 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Derivatives may have little or no initial cash investment relative to their
market value exposure and therefore can produce significant gains or losses in
excess of their cost. This use of embedded leverage allows the Fund to increase
its market value exposure relative to its net assets and can substantially
increase the volatility of the Fund's performance.
Additional associated risks from investing in derivatives also exist and
potentially could have significant effects on the valuation of the derivative
and the Fund. Typically, the associated risks are not the risks that the Fund
is attempting to increase or decrease exposure to, per its investment
objectives, but are the additional risks from investing in derivatives.
Examples of these associated risks are liquidity risk, which is the risk that
the Fund will not be able to sell the derivative in the open market in a timely
manner, and counterparty credit risk, which is the risk that the counterparty
will not fulfill its obligation to the Fund. Associated risks can be different
for each type of derivative and are discussed by each derivative type in the
notes that follow.
FUTURES CONTRACTS
A futures contract is a commitment to buy or sell a specific amount of a
financial instrument, or currency, at a negotiated price on a stipulated future
date. The Fund may buy and sell futures contracts and may also buy or write put
or call options on these futures contracts.
Futures contracts traded on a commodities or futures exchange will be valued at
the final settlement price or official closing price on the principal exchange
as reported by such principal exchange at its trading session ending at, or most
recently prior to, the time when the Fund's assets are valued.
Upon entering into a futures contract, the Fund is required to deposit either
cash or securities (initial margin) in an amount equal to a certain percentage
of the contract value. Subsequent payments (variation margin) are made or
received by the Fund each day. The variation margin payments are equal to the
daily changes in the contract value and are recorded as unrealized gains and
losses.
Futures contracts are reported on a schedule following the Statement of
Investments. Securities held in collateralized accounts to cover initial margin
requirements on open futures contracts are noted in the Statement of
Investments. Cash held by the broker to cover initial margin requirements on
open futures contracts and the receivable and/or payable for the daily mark to
market for the variation margin are noted in the Statement of Assets and
Liabilities in the annual and semiannual reports. The net change in unrealized
appreciation and depreciation is reported in the Statement of Operations in the
annual and semiannual reports. Realized gains (losses) are reported in the
Statement of Operations in the annual and semiannual reports at the closing or
expiration of futures contracts.
The Fund has purchased futures contracts on various bonds and notes to increase
exposure to interest rate risk.
The Fund has sold futures contracts on various bonds and notes to decrease
exposure to interest rate risk.
During the period ended March 30, 2012, the Fund had an ending monthly average
market value of $103,010,695 and $237,339,837 on futures contracts purchased and
sold, respectively.
Additional associated risks of entering into futures contracts (and related
options) include the possibility that there may be an illiquid market where the
Fund is unable to liquidate the contract or enter into an offsetting position
and, if used for hedging purposes, the risk that the price of the contract will
correlate imperfectly with the prices of the Fund's securities.
RESTRICTED SECURITIES
As of March 30, 2012, investments in securities included issues that are
restricted. A restricted security may have a contractual restriction on its
resale and is valued under methods approved by the Board of Trustees as
reflecting fair value. Securities that are restricted are marked with an
applicable footnote on the Statement of Investments. Restricted securities are
reported on a schedule following the Statement of Investments.
FEDERAL TAXES. The approximate aggregate cost of securities and other
investments and the composition of unrealized appreciation and depreciation of
securities and other investments for federal income tax purposes as of March 30,
2012 are noted below. The primary difference between book and tax appreciation
or depreciation of securities and other investments, if applicable, is
attributable to the tax deferral of losses.
25 | Oppenheimer Core Bond Fund
Oppenheimer Core Bond Fund
STATEMENT OF INVESTMENTS March 30, 2012* (Unaudited)
Federal tax cost of securities $ 1,583,406,286
Federal tax cost of other investments (164,769,830)
---------------
Total federal tax cost $ 1,418,636,456
===============
Gross unrealized appreciation $ 49,177,324
Gross unrealized depreciation (13,643,945)
---------------
Net unrealized appreciation $ 35,533,379
===============
26 | Oppenheimer Core Bond Fund
ITEM 2. CONTROLS AND PROCEDURES.
(a) Based on their evaluation of the registrant's disclosure controls and
procedures (as defined in rule 30a-3(c) under the Investment Company
Act of 1940 (17 CFR 270.30a-3(c)) as of 3/30/2012, the registrant's
principal executive officer and principal financial officer found the
registrant's disclosure controls and procedures to provide reasonable
assurances that information required to be disclosed by the registrant
in the reports that it files under the Securities Exchange Act of 1934
(a) is accumulated and communicated to the registrant's management,
including its principal executive officer and principal financial
officer, to allow timely decisions regarding required disclosure, and
(b) is recorded, processed, summarized and reported, within the time
periods specified in the rules and forms adopted by the U.S.
Securities and Exchange Commission.
(b) There have been no significant changes in the registrant's internal
controls over financial reporting that occurred during the
registrant's last fiscal quarter that has materially affected, or is
reasonably likely to materially affect, the registrant's internal
control over financial reporting.
ITEM 3. EXHIBITS.
Exhibits attached hereto.
SIGNATURES
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, the registrant has duly caused this report to be
signed on its behalf by the undersigned, thereunto duly authorized.
Oppenheimer Integrity Funds
By: /s/ William F. Glavin, Jr.
-----------------------------------
William F. Glavin, Jr.
Principal Executive Officer
Date: 5/8/2012
Pursuant to the requirements of the Securities Exchange Act of 1934 and the
Investment Company Act of 1940, this report has been signed below by the
following persons on behalf of the registrant and in the capacities and on the
dates indicated.
By: /s/ William F. Glavin, Jr.
------------------------------------
William F. Glavin, Jr.
Principal Executive Officer
Date: 5/8/2012
By: /s/ Brian W. Wixted
------------------------------------
Brian W. Wixted
Principal Financial Officer
Date: 5/8/2012
EX-99.CERT
2
g60396exv99wcert.txt
EX-99.CERT
Exhibit 99.CERT
Section 302 Certifications
CERTIFICATIONS
I, William F. Glavin, Jr., certify that:
1. I have reviewed this report on Form N-Q of Oppenheimer Integrity Funds;
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 schedules of investments included in this
report fairly present in all material respects the investments of the
registrant as of the end of the fiscal quarter for which the report is
filed;
4. The registrant's 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 registrant's 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 registrant's internal
control over financial reporting that occurred during the
registrant's most recent fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting; and
5. The registrant's other certifying officer and I have disclosed to the
registrant's auditors and the audit committee of the registrant's 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 registrant's 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 registrant's
internal control over financial reporting.
/s/ William F. Glavin, Jr.
----------------------------------------
William F. Glavin, Jr.
Principal Executive Officer
Date: 5/8/2012
Exhibit 99.CERT
Section 302 Certifications
CERTIFICATIONS
I, Brian W. Wixted, certify that:
1. I have reviewed this report on Form N-Q of Oppenheimer Integrity Funds;
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 schedules of investments included in this
report fairly present in all material respects the investments of the
registrant as of the end of the fiscal quarter for which the report is
filed;
4. The registrant's 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 registrant's 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 registrant's internal
control over financial reporting that occurred during the
registrant's most recent fiscal quarter that has materially
affected, or is reasonably likely to materially affect, the
registrant's internal control over financial reporting; and
5. The registrant's other certifying officer and I have disclosed to the
registrant's auditors and the audit committee of the registrant's 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 registrant's 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 registrant's
internal control over financial reporting.
/s/ Brian W. Wixted
------------------------------------
Brian W. Wixted
Principal Financial Officer
Date: 5/8/2012