Oppenheimer Integrity Funds

Transfers into
Level 2*

Transfers out of
Level 3*

Assets Table

Investments, at Value:

Mortgage-Backed Obligations

$ (1,783,948)

Total Assets

1,783,948

$ (1,783,948)

N-Q 1 d649037dnq.htm OPPENHEIMER INTEGRITY FUNDS Oppenheimer Integrity Funds

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)

Cynthia Lo Bessette

OFI Global Asset Management, Inc.

225 Liberty Street, 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: 9/30/2018

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS September 30, 2018 Unaudited


	Principal Amount		Value
Asset-Backed Securities—16.4%
Auto Loan—9.9%
American Credit Acceptance Receivables Trust:
Series 2015-3, Cl. D, 5.86%, 7/12/22¹	$	1,875,000	$	1,893,514
Series 2016-4, Cl. B, 2.11%, 2/12/21¹		179,718		179,663
Series 2017-3, Cl. B, 2.25%, 1/11/21¹		1,235,000		1,233,595
Series 2017-4, Cl. B, 2.61%, 5/10/21¹		1,000,000		998,872
Series 2017-4, Cl. C, 2.94%, 1/10/24¹		2,831,000		2,815,981
Series 2017-4, Cl. D, 3.57%, 1/10/24¹		3,368,000		3,332,712
Series 2018-2, Cl. B, 3.46%, 8/10/22¹		4,330,000		4,327,396
Series 2018-2, Cl. C, 3.70%, 7/10/24¹		4,275,000		4,267,014
Series 2018-3, Cl. A, 2.92%, 8/12/21¹		2,160,000		2,160,286
Series 2018-3, Cl. B, 3.49%, 6/13/22¹		1,295,000		1,295,829
AmeriCredit Automobile Receivables Trust:
Series 2015-2, Cl. D, 3.00%, 6/8/21		4,152,000		4,152,499
Series 2017-2, Cl. D, 3.42%, 4/18/23		3,735,000		3,713,760
Series 2017-3, Cl. D, 3.18%, 7/18/23		4,000,000		3,939,438
Series 2017-4, Cl. D, 3.08%, 12/18/23		1,895,000		1,857,277
Cabela’s Credit Card Master Note Trust, Series 2015-2, Cl. A2, 2.828% [US0001M+67], 7/17/23²		9,110,000		9,177,166
Capital Auto Receivables Asset Trust, Series 2017-1, Cl. D, 3.15%, 2/20/25¹		560,000		553,973
CarFinance Capital Auto Trust, Series 2015-1A, Cl. A, 1.75%, 6/15/21¹		34,702		34,678
CarMax Auto Owner Trust:
Series 2015-2, Cl. D, 3.04%, 11/15/21		930,000		928,047
Series 2015-3, Cl. D, 3.27%, 3/15/22		3,045,000		3,040,990
Series 2016-1, Cl. D, 3.11%, 8/15/22		2,045,000		2,035,331
Series 2017-1, Cl. D, 3.43%, 7/17/23		2,675,000		2,655,025
Series 2017-4, Cl. D, 3.30%, 5/15/24		1,435,000		1,408,169
Series 2018-1, Cl. D, 3.37%, 7/15/24		1,095,000		1,074,539
CIG Auto Receivables Trust, Series 2017-1A, Cl. A, 2.71%, 5/15/23¹		1,016,178		1,009,467
CPS Auto Receivables Trust:
Series 2017-C, Cl. A, 1.78%, 9/15/20¹		319,354		318,598
Series 2017-C, Cl. B, 2.30%, 7/15/21¹		1,275,000		1,267,704
Series 2017-D, Cl. B, 2.43%, 1/18/22¹		2,390,000		2,366,660
Series 2018-A, Cl. B, 2.77%, 4/18/22¹		2,080,000		2,061,517
Series 2018-B, Cl. B, 3.23%, 7/15/22¹		2,480,000		2,470,446
CPS Auto Trust, Series 2017-A, Cl. B, 2.68%, 5/17/21¹		735,000		733,437
Credit Acceptance Auto Loan Trust:
Series 2017-3A, Cl. C, 3.48%, 10/15/26¹		2,865,000		2,819,749
Series 2018-1A, Cl. B, 3.60%, 4/15/27¹		1,990,000		1,974,251
Series 2018-1A, Cl. C, 3.77%, 6/15/27¹		2,840,000		2,805,312
Series 2018-2A, Cl. C, 4.16%, 9/15/27¹		1,785,000		1,787,335
Drive Auto Receivables Trust:
Series 2015-BA, Cl. D, 3.84%, 7/15/21¹		200,289		201,190
Series 2016-CA, Cl. D, 4.18%, 3/15/24¹		1,905,000		1,924,860
Series 2017-3, Cl. C, 2.80%, 7/15/22		1,590,000		1,586,139
Series 2017-AA, Cl. C, 2.98%, 1/18/22¹		4,240,000		4,236,895

1 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Auto Loan (Continued)
Drive Auto Receivables Trust: (Continued)
Series 2017-BA, Cl. D, 3.72%, 10/17/22¹	$	2,685,000	$	2,695,550
Series 2018-1, Cl. D, 3.81%, 5/15/24		2,545,000		2,535,982
Series 2018-2, Cl. D, 4.14%, 8/15/24		4,985,000		5,007,669
Series 2018-3, Cl. A1, 2.433%, 8/15/19		1,250,821		1,250,606
Series 2018-3, Cl. D, 4.30%, 9/16/24		3,340,000		3,369,129
Series 2018-4, Cl. B, 3.36%, 10/17/22		2,160,000		2,161,384
DT Auto Owner Trust:
Series 2015-2A, Cl. D, 4.25%, 2/15/22¹		970,462		976,102
Series 2016-4A, Cl. E, 6.49%, 9/15/23¹		3,005,000		3,085,689
Series 2017-1A, Cl. C, 2.70%, 11/15/22¹		1,799,000		1,795,907
Series 2017-1A, Cl. D, 3.55%, 11/15/22¹		2,360,000		2,359,023
Series 2017-1A, Cl. E, 5.79%, 2/15/24¹		1,815,000		1,840,302
Series 2017-2A, Cl. D, 3.89%, 1/15/23¹		2,405,000		2,410,480
Series 2017-3A, Cl. B, 2.40%, 5/17/21¹		2,455,000		2,448,604
Series 2017-3A, Cl. E, 5.60%, 8/15/24¹		2,710,000		2,748,769
Series 2017-4A, Cl. C, 2.86%, 7/17/23¹		1,515,000		1,508,735
Series 2017-4A, Cl. D, 3.47%, 7/17/23¹		5,210,000		5,189,398
Series 2017-4A, Cl. E, 5.15%, 11/15/24¹		1,995,000		2,005,813
Series 2018-1A, Cl. B, 3.04%, 1/18/22¹		2,275,000		2,270,387
Series 2018-2A, Cl. B, 3.43%, 5/16/22¹		1,300,000		1,298,772
Exeter Automobile Receivables Trust, Series 2018-1A, Cl. B, 2.75%, 4/15/22¹		2,255,000		2,241,426
Flagship Credit Auto Trust:
Series 2014-1, Cl. D, 4.83%, 6/15/20¹		360,000		360,945
Series 2016-1, Cl. C, 6.22%, 6/15/22¹		4,265,000		4,414,034
GLS Auto Receivables Trust, Series 2018-1A, Cl. A, 2.82%, 7/15/22¹		4,124,438		4,108,997
GM Financial Automobile Leasing Trust:
Series 2017-3, Cl. C, 2.73%, 9/20/21		1,565,000		1,546,725
Series 2018-2, Cl. C, 3.50%, 4/20/22		2,245,000		2,240,052
Navistar Financial Dealer Note Master Owner Trust II:
Series 2017-1, Cl. C, 3.766% [LIBOR01M+155], 6/27/22^1,2		750,000		752,677
Series 2017-1, Cl. D, 4.516% [LIBOR01M+230], 6/27/22^1,2		865,000		866,026
Series 2018-1, Cl. A, 2.798% [LIBOR01M+63], 9/25/23^1,2		1,830,000		1,832,324
Series 2018-1, Cl. B, 2.968% [LIBOR01M+80], 9/25/23^1,2		860,000		860,432
Santander Drive Auto Receivables Trust:
Series 2015-5, Cl. D, 3.65%, 12/15/21		1,665,000		1,671,867
Series 2016-2, Cl. D, 3.39%, 4/15/22		1,975,000		1,976,562
Series 2017-1, Cl. D, 3.17%, 4/17/23		1,900,000		1,889,098
Series 2017-1, Cl. E, 5.05%, 7/15/24¹		5,845,000		5,990,885
Series 2017-2, Cl. D, 3.49%, 7/17/23		2,875,000		2,867,931
Series 2017-3, Cl. D, 3.20%, 11/15/23		3,750,000		3,714,778
Series 2018-1, Cl. D, 3.32%, 3/15/24		1,605,000		1,574,334
Series 2018-2, Cl. D, 3.88%, 2/15/24		2,665,000		2,646,201
Series 2018-3, Cl. C, 3.51%, 8/15/23		6,900,000		6,885,132
Santander Retail Auto Lease Trust, Series 2017-A, Cl. C, 2.96%, 11/21/22¹		2,575,000		2,546,604

2 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
Auto Loan (Continued)
TCF Auto Receivables Owner Trust, Series 2015-1A, Cl. D, 3.53%, 3/15/22¹	$	1,510,000	$	1,504,787
United Auto Credit Securitization Trust, Series 2018-1, Cl. C, 3.05%, 9/10/21¹		4,153,000		4,132,127
Veros Automobile Receivables Trust, Series 2017-1, Cl. A, 2.84%, 4/17/23¹		940,316		936,919
Westlake Automobile Receivables Trust:
Series 2016-1A, Cl. E, 6.52%, 6/15/22¹		3,485,000		3,542,010
Series 2017-2A, Cl. E, 4.63%, 7/15/24¹		4,070,000		4,082,690
Series 2018-1A, Cl. C, 2.92%, 5/15/23¹		2,340,000		2,319,716
Series 2018-1A, Cl. D, 3.41%, 5/15/23¹		4,490,000		4,456,857
Series 2018-3A, Cl. B, 3.32%, 10/16/23¹		3,067,000		3,062,304
				206,622,055

Credit Card—5.8%
Cabela’s Credit Card Master Note Trust:
Series 2015-1A, Cl. A2, 2.698% [US0001M+54], 3/15/23²		7,115,000		7,149,384
Series 2015-2, Cl. A1, 2.25%, 7/17/23		10,200,000		10,045,148
Series 2016-1, Cl. A1, 1.78%, 6/15/22		9,723,000		9,651,742
Series 2016-1, Cl. A2, 3.008% [US0001M+85], 6/15/22²		3,220,000		3,236,037
Citibank Credit Card Issuance Trust:
Series 2014-A6, Cl. A6, 2.15%, 7/15/21		10,621,000		10,569,889
Series 2017-A9, Cl. A9, 1.80%, 9/20/21		4,175,000		4,134,547
Discover Card Execution Note Trust, Series 2016-A4, Cl. A4, 1.39%, 3/15/22		7,570,000		7,469,320
Evergreen Credit Card Trust, Series 2018-2, Cl. A, 2.508% [US0001M+35], 7/15/22^1,2		6,480,000		6,494,084
GE Capital Credit Card Master Note Trust:
Series 2012-7, Cl. A, 1.76%, 9/15/22		3,030,000		2,997,452
Series 2012-7, Cl. B, 2.21%, 9/15/22		2,705,000		2,682,047
Synchrony Credit Card Master Note Trust, Series 2015-1, Cl. A, 2.37%, 3/15/23		9,990,000		9,890,880
World Financial Network Credit Card Master Trust:
Series 2012-D, Cl. A, 2.15%, 4/17/23		8,375,000		8,332,080
Series 2016-C, Cl. A, 1.72%, 8/15/23		4,778,000		4,717,817
Series 2017-A, Cl. A, 2.12%, 3/15/24		6,215,000		6,109,857
Series 2017-B, Cl. A, 1.98%, 6/15/23		10,230,000		10,158,472
Series 2017-C, Cl. A, 2.31%, 8/15/24		5,740,000		5,633,215
Series 2018-A, Cl. A, 3.07%, 12/16/24		7,965,000		7,918,557
Series 2018-B, Cl. A, 3.46%, 7/15/25		3,870,000		3,868,915
				121,059,443

Equipment—0.5%
CCG Receivables Trust:
Series 2017-1, Cl. B, 2.75%, 11/14/23¹		2,915,000		2,866,793
Series 2018-1, Cl. B, 3.09%, 6/16/25¹		1,320,000		1,302,308
Series 2018-1, Cl. C, 3.42%, 6/16/25¹		381,000		375,678
Series 2018-2, Cl. C, 3.87%, 12/15/25¹		980,000		974,565
CNH Equipment Trust, Series 2017-C, Cl. B, 2.54%, 5/15/25		960,000		934,856

3 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Equipment (Continued)
Dell Equipment Finance Trust, Series 2018-1, Cl. B, 3.34%, 6/22/23¹	$	1,366,000	$	1,365,614
FRS I LLC, Series 2013-1A, Cl. A1, 1.80%, 4/15/43¹		77,767		77,402
Verizon Owner Trust, Series 2017-3A, Cl. A1A, 2.06%, 4/20/22¹		2,545,000		2,509,257
				10,406,473

Loans: Other—0.2%
Ameriquest Mortgage Securities, Inc. Asset-Backed Pass-Through Certificates, Series 2005-R5, Cl. M2, 2.906% [US0001M+69], 7/25/35²		1,912,484		1,920,918
Dell Equipment Finance Trust, Series 2017-2, Cl. B, 2.47%, 10/24/22¹		955,000		941,101
Element Rail Leasing I LLC, Series 2014-1A, Cl. A1, 2.299%, 4/19/44¹		1,029,619		1,017,396
				3,879,415
Total Asset-Backed Securities (Cost $343,305,524)				341,967,386

Mortgage-Backed Obligations—42.2%
Government Agency—27.4%
FHLMC/FNMA/FHLB/Sponsored—24.0%
Federal Home Loan Mortgage Corp. Gold Pool:
5.50%, 9/1/39		1,171,058		1,249,778
6.00%, 7/1/24-11/1/37		191,983		212,146
6.50%, 4/1/21-4/1/34		224,967		246,472
7.00%, 7/1/21-10/1/37		1,928,136		2,164,853
9.00%, 8/1/22-5/1/25		4,356		4,626
Federal Home Loan Mortgage Corp., Interest-Only Stripped Mtg.-Backed Security:
Series 183, Cl. IO, 76.169%, 4/1/27³		197,379		44,067
Series 192, Cl. IO, 99.999%, 2/1/28³		25,957		5,265
Series 206, Cl. IO, 0.00%, 12/15/29^3,4		50,148		11,770
Series 243, Cl. 6, 0.00%, 12/15/32^3,4		162,708		27,636
Federal Home Loan Mortgage Corp., Mtg.-Linked Amortizing Global Debt Securities, Series 2012-1, Cl. A10, 2.06%, 1/15/22		2,800,481		2,731,482
Federal Home Loan Mortgage Corp., Multifamily Structured Pass-Through Certificates, Interest-Only Stripped Mtg.-Backed Security, Series KC02, Cl. X1, 0.00%, 3/25/24^3,4		76,793,000		1,496,864
Federal Home Loan Mortgage Corp., Principal-Only Stripped Mtg.-Backed Security, Series 176, Cl. PO, 4.207%, 6/1/26⁵		28,301		25,909
Federal Home Loan Mortgage Corp., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates:
Series 151, Cl. F, 9.00%, 5/15/21		855		878
Series 1590, Cl. IA, 3.208% [LIBOR01M+105], 10/15/23²		399,672		407,681
Series 2034, Cl. Z, 6.50%, 2/15/28		3,657		3,922
Series 2043, Cl. ZP, 6.50%, 4/15/28		542,548		592,063
Series 2046, Cl. G, 6.50%, 4/15/28		199,366		217,750
Series 2053, Cl. Z, 6.50%, 4/15/28		3,577		3,910
Series 2063, Cl. PG, 6.50%, 6/15/28		237,857		264,542
Series 2145, Cl. MZ, 6.50%, 4/15/29		79,354		87,244
Series 2148, Cl. ZA, 6.00%, 4/15/29		120,218		128,779

4 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
FHLMC/FNMA/FHLB/Sponsored (Continued)
Federal Home Loan Mortgage Corp., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates: (Continued)
Series 2195, Cl. LH, 6.50%, 10/15/29	$	228,027	$	246,467
Series 2326, Cl. ZP, 6.50%, 6/15/31		66,629		71,179
Series 2341, Cl. FP, 3.058% [LIBOR01M+90], 7/15/31²		118,811		121,987
Series 2423, Cl. MC, 7.00%, 3/15/32		417,291		461,070
Series 2461, Cl. PZ, 6.50%, 6/15/32		463,070		498,024
Series 2463, Cl. F, 3.158% [LIBOR01M+100], 6/15/32²		438,674		451,800
Series 2635, Cl. AG, 3.50%, 5/15/32		374,672		369,852
Series 2676, Cl. KY, 5.00%, 9/15/23		452,408		466,816
Series 2770, Cl. TW, 4.50%, 3/15/19		4,627		4,634
Series 3010, Cl. WB, 4.50%, 7/15/20		50,456		50,851
Series 3025, Cl. SJ, 16.836% [-3.667 x LIBOR01M+2,475], 8/15/35²		86,569		120,497
Series 3030, Cl. FL, 2.558% [LIBOR01M+40], 9/15/35²		231,003		232,064
Series 3645, Cl. EH, 3.00%, 12/15/20		3,320		3,318
Series 3815, Cl. BD, 3.00%, 10/15/20		514		514
Series 3822, Cl. JA, 5.00%, 6/15/40		170,772		174,545
Series 3848, Cl. WL, 4.00%, 4/15/40		473,623		475,274
Series 3857, Cl. GL, 3.00%, 5/15/40		17,741		17,717
Series 4221, Cl. HJ, 1.50%, 7/15/23		572,439		557,094
Federal Home Loan Mortgage Corp., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates, Interest-Only Stripped Mtg.-Backed Security:
Series 2129, Cl. S, 56.524%, 2/15/29³		274,506		39,263
Series 2130, Cl. SC, 65.547%, 3/15/29³		67,937		8,235
Series 2134, Cl. SB, 72.997%, 3/15/29³		77,912		8,163
Series 2422, Cl. SJ, 0.00%, 1/15/32^3,4		267,555		35,091
Series 2493, Cl. S, 11.242%, 9/15/29³		19,713		3,101
Series 2682, Cl. TQ, 99.999%, 10/15/33³		553,332		70,150
Series 2796, Cl. SD, 75.867%, 7/15/26³		126,016		14,108
Series 2920, Cl. S, 20.308%, 1/15/35³		568,891		70,685
Series 2922, Cl. SE, 19.133%, 2/15/35³		440,166		51,648
Series 2981, Cl. AS, 2.168%, 5/15/35³		1,162,222		114,008
Series 2981, Cl. BS, 99.999%, 5/15/35³		1,134,255		149,255
Series 3005, Cl. WI, 0.00%, 7/15/35^3,4		353,975		75,464
Series 3397, Cl. GS, 0.00%, 12/15/37^3,4		217,805		31,764
Series 3424, Cl. EI, 0.00%, 4/15/38^3,4		87,604		6,804
Series 3450, Cl. BI, 9.427%, 5/15/38³		2,277,606		289,115
Series 3606, Cl. SN, 14.819%, 12/15/39³		647,354		73,719
Series 4057, Cl. QI, 5.314%, 6/15/27³		10,787,750		898,284
Series 4818, Cl. BI, 2.733%, 3/15/45³		3,804,165		710,975
Federal National Mortgage Assn.:
2.50%, 10/1/48⁶		29,970,000		28,919,298
3.00%, 10/1/33-10/1/48⁶		66,080,000		64,007,163
3.50%, 10/1/33-10/1/48⁶		107,835,000		106,956,463
4.00%, 10/1/33-10/1/48⁶		69,115,000		70,027,353
4.50%, 10/1/48⁶		125,615,000		129,604,262
5.00%, 10/1/48⁶		57,875,000		60,764,227

5 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
FHLMC/FNMA/FHLB/Sponsored (Continued)
Federal National Mortgage Assn. Pool:
5.00%, 3/1/21	$	4,634	$	4,776
5.50%, 12/1/18-5/1/36		904,201		977,825
6.00%, 5/1/20		647		648
6.50%, 10/1/19-11/1/31		1,415,426		1,553,602
7.00%, 4/1/33-4/1/34		906,042		1,015,847
7.50%, 1/1/33-8/1/33		1,354,304		1,533,142
8.50%, 7/1/32		3,593		3,646
Federal National Mortgage Assn., Interest-Only Stripped Mtg.-Backed Security:
Series 222, Cl. 2, 99.999%, 6/25/23³		169,703		19,802
Series 247, Cl. 2, 0.00%, 10/25/23^3,4		19,491		2,359
Series 252, Cl. 2, 99.999%, 11/25/23³		162,630		21,736
Series 254, Cl. 2, 99.999%, 1/25/24³		319,628		45,715
Series 301, Cl. 2, 21.346%, 4/25/29³		96,326		19,878
Series 303, Cl. IO, 52.233%, 11/25/29³		22,054		5,101
Series 319, Cl. 2, 13.667%, 2/25/32³		79,244		17,766
Series 320, Cl. 2, 53.655%, 4/25/32³		1,600,218		388,226
Series 321, Cl. 2, 20.648%, 4/25/32³		247,482		58,569
Series 324, Cl. 2, 12.297%, 7/25/32³		112,919		27,298
Series 331, Cl. 9, 13.646%, 2/25/33³		894,418		177,776
Series 334, Cl. 14, 15.935%, 2/25/33³		762,437		177,585
Series 334, Cl. 15, 0.592%, 2/25/33³		519,504		116,528
Series 334, Cl. 17, 26.115%, 2/25/33³		27,658		6,615
Series 339, Cl. 12, 0.00%, 6/25/33^3,4		600,197		117,355
Series 339, Cl. 7, 0.00%, 11/25/33^3,4		603,773		133,394
Series 343, Cl. 13, 99.999%, 9/25/33³		706,077		129,657
Series 343, Cl. 18, 99.999%, 5/25/34³		407,452		97,293
Series 345, Cl. 9, 0.00%, 1/25/34^3,4		306,227		70,380
Series 351, Cl. 10, 0.00%, 4/25/34^3,4		240,686		58,699
Series 351, Cl. 8, 0.00%, 4/25/34^3,4		424,820		83,773
Series 356, Cl. 10, 0.00%, 6/25/35^3,4		299,694		61,848
Series 356, Cl. 12, 0.00%, 2/25/35^3,4		147,785		32,546
Series 362, Cl. 13, 0.00%, 8/25/35^3,4		383,896		79,311
Series 364, Cl. 16, 0.00%, 9/25/35^3,4		534,522		108,407
Series 365, Cl. 16, 99.999%, 3/25/36³		334,339		68,676
Federal National Mortgage Assn., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates:
Series 1993-104, Cl. ZB, 6.50%, 7/25/23		58,181		60,989
Series 1993-87, Cl. Z, 6.50%, 6/25/23		56,215		59,132
Series 1996-35, Cl. Z, 7.00%, 7/25/26		19,388		20,791
Series 1998-58, Cl. PC, 6.50%, 10/25/28		127,690		137,477
Series 1998-61, Cl. PL, 6.00%, 11/25/28		166,950		179,089
Series 1999-54, Cl. LH, 6.50%, 11/25/29		251,405		270,561
Series 1999-60, Cl. PG, 7.50%, 12/25/29		1,269,622		1,406,848
Series 2001-51, Cl. OD, 6.50%, 10/25/31		214,371		225,577
Series 2002-56, Cl. FN, 3.216% [LIBOR01M+100], 7/25/32²		148,564		151,311
Series 2003-130, Cl. CS, 9.668% [-2 x LIBOR01M+1,410], 12/25/33²		254,650		260,234
Series 2003-21, Cl. FK, 2.616% [LIBOR01M+40], 3/25/33²		36,813		36,861
Series 2004-25, Cl. PC, 5.50%, 1/25/34		9,055		9,080

6 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
FHLMC/FNMA/FHLB/Sponsored (Continued)
Federal National Mortgage Assn., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates: (Continued)
Series 2005-104, Cl. MC, 5.50%, 12/25/25	$	874,008	$	915,574
Series 2005-109, Cl. AH, 5.50%, 12/25/25		2,479,044		2,563,663
Series 2005-31, Cl. PB, 5.50%, 4/25/35		2,480,000		2,673,891
Series 2005-71, Cl. DB, 4.50%, 8/25/25		198,538		201,949
Series 2005-73, Cl. DF, 2.466% [LIBOR01M+25], 8/25/35²		204,283		205,007
Series 2006-50, Cl. SK, 16.075% [-3.667 x
LIBOR01M+2,420], 6/25/36²		316,343		426,120
Series 2008-75, Cl. DB, 4.50%, 9/25/23		6,275		6,272
Series 2009-113, Cl. DB, 3.00%, 12/25/20		56,515		56,428
Series 2009-36, Cl. FA, 3.156% [LIBOR01M+94], 6/25/37²		197,871		202,483
Series 2009-70, Cl. TL, 4.00%, 8/25/19		1,497		1,496
Series 2010-43, Cl. KG, 3.00%, 1/25/21		21,552		21,530
Series 2011-15, Cl. DA, 4.00%, 3/25/41		106,586		105,199
Series 2011-3, Cl. EL, 3.00%, 5/25/20		58,607		58,505
Series 2011-3, Cl. KA, 5.00%, 4/25/40		763,163		788,497
Series 2011-38, Cl. AH, 2.75%, 5/25/20		53		53
Series 2011-82, Cl. AD, 4.00%, 8/25/26		71,124		71,127
Federal National Mortgage Assn., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates, Interest-Only Stripped Mtg.-Backed Security:
Series 2001-15, Cl. SA, 99.999%, 3/17/31³		15,695		1,193
Series 2001-61, Cl. SE, 5.68%, 11/18/31³		124,402		19,563
Series 2001-65, Cl. S, 7.252%, 11/25/31³		255,634		46,369
Series 2001-81, Cl. S, 9.955%, 1/25/32³		38,030		6,142
Series 2002-12, Cl. SB, 6.193%, 7/25/31³		60,750		9,644
Series 2002-2, Cl. SW, 0.386%, 2/25/32³		72,190		11,749
Series 2002-38, Cl. SO, 27.623%, 4/25/32³		43,331		5,764
Series 2002-41, Cl. S, 21.999%, 7/25/32³		399,958		63,795
Series 2002-47, Cl. NS, 9.505%, 4/25/32³		120,569		20,351
Series 2002-5, Cl. SD, 99.999%, 2/25/32³		51,020		7,172
Series 2002-51, Cl. S, 9.845%, 8/25/32³		110,705		18,686
Series 2002-52, Cl. SD, 40.613%, 9/25/32³		172,684		27,572
Series 2002-60, Cl. SM, 0.00%, 8/25/32^3,4		347,289		44,294
Series 2002-60, Cl. SY, 99.999%, 4/25/32³		349,298		12,035
Series 2002-64, Cl. SD, 11.353%, 4/25/27³		159,459		21,087
Series 2002-7, Cl. SK, 2.591%, 1/25/32³		211,785		29,163
Series 2002-75, Cl. SA, 11.467%, 11/25/32³		213,558		34,041
Series 2002-77, Cl. BS, 11.922%, 12/18/32³		426,955		68,514
Series 2002-77, Cl. IS, 27.029%, 12/18/32³		73,823		12,283
Series 2002-77, Cl. SH, 12.944%, 12/18/32³		55,434		8,278
Series 2002-84, Cl. SA, 3.333%, 12/25/32³		54,826		8,498
Series 2002-89, Cl. S, 14.291%, 1/25/33³		574,321		96,400
Series 2002-9, Cl. MS, 9.591%, 3/25/32³		3,289		575
Series 2002-90, Cl. SN, 0.00%, 8/25/32^3,4		315,987		40,301
Series 2002-90, Cl. SY, 0.952%, 9/25/32³		174,287		22,816
Series 2003-14, Cl. OI, 34.791%, 3/25/33³		794,000		177,015
Series 2003-26, Cl. IK, 56.92%, 4/25/33³		369,485		82,536
Series 2003-33, Cl. SP, 5.907%, 5/25/33³		335,353		62,440

7 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
FHLMC/FNMA/FHLB/Sponsored (Continued)
Federal National Mortgage Assn., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates, Interest-Only Stripped Mtg.-Backed Security: (Continued)
Series 2003-4, Cl. S, 1.042%, 2/25/33³	$	99,603	$	17,687
Series 2003-52, Cl. NS, 0.00%, 6/25/23^3,4		1,051,461		53,622
Series 2004-54, Cl. DS, 57.659%, 11/25/30³		33,765		4,510
Series 2004-56, Cl. SE, 5.445%, 10/25/33³		451,364		71,259
Series 2005-12, Cl. SC, 22.615%, 3/25/35³		200,719		26,395
Series 2005-40, Cl. SA, 26.247%, 5/25/35³		304,279		36,944
Series 2005-52, Cl. JH, 28.995%, 5/25/35³		607,439		67,334
Series 2005-6, Cl. SE, 48.244%, 2/25/35³		596,588		73,895
Series 2005-93, Cl. SI, 0.00%, 10/25/35^3,4		388,140		49,571
Series 2006-53, Cl. US, 16.151%, 6/25/36³		30,203		3,688
Series 2008-55, Cl. SA, 0.00%, 7/25/38^3,4		238,346		18,385
Series 2009-8, Cl. BS, 0.00%, 2/25/24^3,4		10,803		536
Series 2011-96, Cl. SA, 6.217%, 10/25/41³		921,292		127,598
Series 2012-121, Cl. IB, 7.776%, 11/25/27³		4,413,579		379,927
Series 2012-134, Cl. SA, 1.603%, 12/25/42³		2,568,990		405,117
Series 2012-40, Cl. PI, 11.409%, 4/25/41³		1,809,591		287,047
Series 2018-16, Cl. NI, 0.00%, 12/25/44^3,4		1,940,803		332,789
Series 2018-69, Cl. CI, 22.706%, 10/25/46³		4,342,621		703,062
Federal National Mortgage Assn., Real Estate Mtg. Investment Conduit Multiclass Pass-Through Certificates, Principal-Only Stripped Mtg.-Backed Security, Series 1993-184, Cl. M, 5.334%, 9/25/23⁵		54,871		50,844
				499,179,947

GNMA/Guaranteed—3.4%
Government National Mortgage Assn. II Pool:
2.75% [H15T1Y+150], 7/20/25-7/20/27²		4,387		4,501
3.50%, 10/1/48⁶		69,445,000		69,058,443
11.00%, 10/20/19		25		26
Government National Mortgage Assn., Interest-Only Stripped Mtg.-Backed Security:
Series 2002-15, Cl. SM, 99.999%, 2/16/32³		192,238		2,013
Series 2002-41, Cl. GS, 99.999%, 6/16/32³		30,633		1,201
Series 2002-76, Cl. SY, 10.491%, 12/16/26³		69,155		6,366
Series 2007-17, Cl. AI, 45.878%, 4/16/37³		1,328,306		170,964
Series 2011-52, Cl. HS, 21.597%, 4/16/41³		4,020,196		422,229
Series 2017-136, Cl. LI, 5.278%, 9/16/47³		7,963,022		1,725,212
				71,390,955

Non-Agency—14.8%
Commercial—7.2%
Asset Securitization Corp., Interest-Only Stripped Mtg.-Backed Security, Series 1997-D4, Cl. PS1, 99.999%, 4/14/29³		1,006,269		624
BCAP LLC Trust, Series 2011-R11, Cl. 18A5, 3.41% [H15T1Y+210], 9/26/35^1,2		206,515		207,526
Benchmark Mortgage Trust, Interest-Only Commercial Mtg. Pass-Through Certificates, Series 2018-B1, Cl. XA, 14.08%, 1/15/51³		35,462,573		1,358,720
Capital Lease Funding Securitization LP, Interest-Only Commercial Mtg. Pass-Through Certificates, Series 1997-CTL1, Cl. IO, 0.00%, 6/22/24^3,4,7,8		81,806		1,649

8 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
Commercial (Continued)
CD Mortgage Trust, Interest-Only Commercial Mtg. Pass-Through Certificates, Series 2017-CD6, Cl. XA, 14.67%, 11/13/50³	$	11,788,047	$	710,015
Chase Mortgage Finance Trust, Series 2005-A2, Cl. 1A3, 3.67%, 1/25/36⁹		1,088,252		1,033,992
Citigroup Commercial Mortgage Trust:
Series 2012-GC8, Cl. AAB, 2.608%, 9/10/45		1,476,585		1,460,057
Series 2014-GC21, Cl. AAB, 3.477%, 5/10/47		1,515,000		1,522,739
Citigroup Commercial Mortgage Trust, Interest-Only Commercial Mtg. Pass-Through Certificates:
Series 2013-GC17, Cl. XA, 8.495%, 11/10/46³		17,066,191		596,834
Series 2017-C4, Cl. XA, 13.843%, 10/12/50³		31,078,072		2,220,513
COMM Mortgage Trust:
Series 2012-CR3, Cl. ASB, 2.372%, 10/15/45		278,175		273,946
Series 2012-LC4, Cl. A3, 3.069%, 12/10/44		584,086		583,712
Series 2013-CR13, Cl. ASB, 3.706%, 11/10/46		2,890,000		2,921,939
Series 2013-CR6, Cl. AM, 3.147%, 3/10/46¹		2,945,000		2,887,984
Series 2014-CR17, Cl. ASB, 3.598%, 5/10/47		5,065,000		5,101,440
Series 2014-CR20, Cl. ASB, 3.305%, 11/10/47		1,020,000		1,018,588
Series 2014-CR21, Cl. AM, 3.987%, 12/10/47		6,135,175		6,195,306
Series 2014-LC15, Cl. AM, 4.198%, 4/10/47		2,865,000		2,926,637
Series 2014-UBS6, Cl. AM, 4.048%, 12/10/47		5,720,000		5,766,621
Series 2015-CR22, Cl. A2, 2.856%, 3/10/48		1,959,000		1,953,354
COMM Mortgage Trust, Interest-Only Stripped Mtg.-Backed Security, Series 2012-CR5, Cl. XA, 23.117%, 12/10/45³		12,644,188		671,279
CSMC Mortgage-Backed Trust, Series 2006-6, Cl. 1A4, 6.00%, 7/25/36		922,994		768,167
First Horizon Alternative Mortgage Securities Trust, Series 2005-FA8, Cl. 1A6, 2.866% [US0001M+65], 11/25/35²		767,524		590,884
FREMF Mortgage Trust:
Series 2010-K6, Cl. B, 5.542%, 12/25/46^1,9		900,000		921,389
Series 2012-K710, Cl. B, 3.941%, 6/25/47^1,9		1,145,027		1,149,172
Series 2012-K711, Cl. B, 3.693%, 8/25/45^1,9		490,000		490,707
Series 2012-K711, Cl. C, 3.693%, 8/25/45^1,9		2,155,000		2,153,631
Series 2013-K25, Cl. C, 3.744%, 11/25/45^1,9		605,000		594,280
Series 2013-K26, Cl. C, 3.721%, 12/25/45^1,9		1,165,000		1,130,517
Series 2013-K27, Cl. C, 3.615%, 1/25/46^1,9		650,000		625,790
Series 2013-K28, Cl. C, 3.61%, 6/25/46^1,9		2,580,000		2,530,526
Series 2013-K712, Cl. C, 3.473%, 5/25/45^1,9		1,185,000		1,182,372
Series 2013-K713, Cl. C, 3.263%, 4/25/46^1,9		1,075,000		1,067,985
Series 2014-K714, Cl. C, 3.981%, 1/25/47^1,9		815,402		815,944
Series 2014-K715, Cl. C, 4.265%, 2/25/46^1,9		230,000		232,912
Series 2015-K44, Cl. B, 3.809%, 1/25/48^1,9		1,175,000		1,141,371
Series 2017-K62, Cl. B, 4.004%, 1/25/50^1,9		1,040,000		1,009,489
Series 2017-K724, Cl. B, 3.601%, 11/25/23^1,9		780,000		751,806
GS Mortgage Securities Corp. Trust, Series 2012-SHOP, Cl. A, 2.933%, 6/5/31¹		6,735,000		6,739,298
GS Mortgage Securities Trust:
Series 2012-GC6, Cl. A3, 3.482%, 1/10/45		1,414,657		1,421,811
Series 2012-GC6, Cl. AS, 4.948%, 1/10/45¹		1,666,000		1,725,601
Series 2013-GC12, Cl. AAB, 2.678%, 6/10/46		508,243		501,732
Series 2013-GC16, Cl. AS, 4.649%, 11/10/46		974,215		1,013,289
Series 2014-GC18, Cl. AAB, 3.648%, 1/10/47		1,333,000		1,338,445

9 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Commercial (Continued)
GSMSC Pass-Through Trust, Series 2009-3R, Cl. 1A2, 6.00%, 4/25/37^1,9	$	1,639,411	$	1,581,116
JP Morgan Chase Commercial Mortgage Securities Trust:
Series 2012-C6, Cl. ASB, 3.144%, 5/15/45		2,033,613		2,031,071
Series 2012-LC9, Cl. A4, 2.611%, 12/15/47		335,000		329,851
Series 2013-C10, Cl. AS, 3.372%, 12/15/47		4,205,000		4,154,337
Series 2013-C16, Cl. AS, 4.517%, 12/15/46		3,490,000		3,601,688
Series 2013-LC11, Cl. AS, 3.216%, 4/15/46		1,722,000		1,684,541
Series 2013-LC11, Cl. ASB, 2.554%, 4/15/46		709,943		699,487
Series 2014-C20, Cl. AS, 4.043%, 7/15/47		3,950,000		3,982,964
Series 2016-JP3, Cl. A2, 2.435%, 8/15/49		3,095,000		3,017,319
JP Morgan Mortgage Trust, Series 2007-A1, Cl. 5A1, 3.919%, 7/25/35⁹		894,622		921,937
JP Morgan Resecuritization Trust, Series 2009-5, Cl. 1A2, 4.231%, 7/26/36^1,9		1,225,125		1,242,697
JPMBB Commercial Mortgage Securities Trust:
Series 2013-C17, Cl. ASB, 3.705%, 1/15/47		1,130,000		1,142,606
Series 2014-C18, Cl. A3, 3.578%, 2/15/47		1,525,000		1,522,893
Series 2014-C19, Cl. ASB, 3.584%, 4/15/47		635,000		639,684
Series 2014-C24, Cl. B, 4.116%, 11/15/479		2,630,000		2,638,335
Series 2014-C25, Cl. AS, 4.065%, 11/15/47		6,036,000		6,093,301
Series 2014-C26, Cl. AS, 3.80%, 1/15/48		4,415,000		4,398,513
Series 2015-C28, Cl. AS, 3.532%, 10/15/48		3,400,000		3,327,656
LB Commercial Conduit Mortgage Trust, Interest-Only Stripped Mtg.-Backed Security, Series 1998-C1, Cl. IO, 0.00%, 2/18/30^3,4		47,274		4
Lehman Structured Securities Corp., Series 2002-GE1, Cl. A, 0.00%, 7/26/24^1,8,9		19,145		13,565
Morgan Stanley Bank of America Merrill Lynch Trust:
Series 2013-C7, Cl. AAB, 2.469%, 2/15/46		1,408,930		1,385,973
Series 2013-C9, Cl. AS, 3.456%, 5/15/46		5,230,000		5,148,983
Series 2014-C19, Cl. AS, 3.832%, 12/15/47		5,035,000		4,976,607
Morgan Stanley Capital I Trust:
Series 2011-C1, Cl. A4, 5.033%, 9/15/47^1,9		1,621,912		1,669,701
Series 2011-C2, Cl. A4, 4.661%, 6/15/44¹		1,815,000		1,868,336
Morgan Stanley Capital I, Inc., Interest-Only Commercial Mtg. Pass-Through Certificates, Series 2017-HR2, Cl. XA, 12.831%, 12/15/50³		13,303,063		768,175
Morgan Stanley Re-Remic Trust, Series 2012-R3, Cl. 1B, 3.107%, 11/26/36^1,9		2,152,770		2,024,565
Morgan Stanley Resecuritization Trust, Series 2013-R9, Cl. 3A, 3.528%, 6/26/46^1,9		451,652		450,854
RBSSP Resecuritization Trust, Series 2010-1, Cl. 2A1, 4.184%, 7/26/45^1,9		214,008		219,549
UBS Commercial Mortgage Trust, Interest-Only Commercial Mtg. Pass-Through Certificates, Series 2017-C5, Cl. XA, 14.17%, 11/15/50³		20,224,460		1,303,181
Wells Fargo Commercial Mortgage Trust, Series 2015-NXS1, Cl. ASB, 2.934%, 5/15/48		5,135,000		5,051,042
Wells Fargo Commercial Mortgage Trust, Interest-Only Commercial Mtg. Pass-Through Certificates, Series 2017-C42, Cl. XA, 12.503%, 12/15/50³		18,492,449		1,215,590
WF-RBS Commercial Mortgage Trust:
Series 2013-C14, Cl. AS, 3.488%, 6/15/46		2,330,000		2,292,594
Series 2014-C20, Cl. AS, 4.176%, 5/15/47		1,693,000		1,721,301
Series 2014-C22, Cl. A3, 3.528%, 9/15/57		675,000		676,921

10 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
Commercial (Continued)
WF-RBS Commercial Mortgage Trust: (Continued)
Series 2014-C25, Cl. AS, 3.984%, 11/15/47	$	5,225,000	$	5,188,093
Series 2014-LC14, Cl. AS, 4.351%, 3/15/47⁹		2,174,838		2,223,571
WF-RBS Commercial Mortgage Trust, Interest-Only Commercial Mtg. Pass-Through Certificates, Series 2011-C3, Cl. XA, 32.985%, 3/15/44^1,3		14,342,133		401,594
				150,920,788

Multi-Family—0.3%
Connecticut Avenue Securities:
Series 2014-C02, Cl. 1M1, 3.166% [US0001M+95], 5/25/24²		1,124,164		1,126,316
Series 2017-C04, Cl. 2M1, 3.066% [US0001M+85], 11/25/29²		4,295,018		4,311,214
				5,437,530

Residential—7.3%
Alternative Loan Trust, Series 2005-29CB, Cl. A4, 5.00%, 7/25/35		671,737		586,742
Banc of America Funding Trust:
Series 2007-1, Cl. 1A3, 6.00%, 1/25/37		431,741		414,281
Series 2007-C, Cl. 1A4, 3.818%, 5/20/36⁹		196,503		190,369
Series 2014-R7, Cl. 3A1, 3.964%, 3/26/36^1,9		1,052,477		1,058,557
Banc of America Mortgage Trust, Series 2007-1, Cl. 1A24, 6.00%, 3/25/37		507,166		480,435
Bear Stearns ARM Trust:
Series 2005-9, Cl. A1, 4.73% [H15T1Y+230], 10/25/35²		579,487		587,677
Series 2006-1, Cl. A1, 3.67% [H15T1Y+225], 2/25/36²		1,617,175		1,635,000
Chase Funding Trust, Series 2003-2, Cl. 2A2, 2.776% [US0001M+56], 2/25/33²		362,314		350,505
CHL Mortgage Pass-Through Trust:
Series 2005-26, Cl. 1A8, 5.50%, 11/25/35		435,048		392,140
Series 2006-6, Cl. A3, 6.00%, 4/25/36		389,021		331,047
Citigroup Mortgage Loan Trust, Inc., Series 2006-AR1, Cl. 1A1, 4.28% [H15T1Y+240], 10/25/35²		3,039,148		3,080,022
Connecticut Avenue Securities:
Series 2014-C03, Cl. 1M2, 5.216% [US0001M+300], 7/25/24²		4,788,715		5,138,405
Series 2016-C03, Cl. 1M1, 4.216% [US0001M+200], 10/25/28²		1,069,052		1,081,957
Series 2016-C07, Cl. 2M1, 3.516% [US0001M+130], 5/25/29²		1,520,612		1,525,820
Series 2017-C02, Cl. 2M1, 3.366% [US0001M+115], 9/25/29²		5,035,622		5,067,705
Series 2017-C03, Cl. 1M1, 3.166% [US0001M+95], 10/25/29²		5,358,723		5,393,846
Series 2017-C05, Cl. 1M1, 2.766% [US0001M+55], 1/25/30²		1,159,766		1,161,123
Series 2017-C06, Cl. 1M1, 2.966% [US0001M+75], 2/25/30²		2,362,943		2,368,210
Series 2017-C07, Cl. 1M1, 2.866% [US0001M+65], 5/25/30²		4,751,296		4,760,125
Series 2017-C07, Cl. 1M2, 4.616% [US0001M+240], 5/25/30²		2,970,000		3,080,157
Series 2017-C07, Cl. 2M1, 2.866% [US0001M+65], 5/25/30²		3,836,377		3,838,512
Series 2018-C01, Cl. 1M1, 2.816% [US0001M+60], 7/25/30²		4,150,891		4,158,370

11 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Residential (Continued)
Connecticut Avenue Securities: (Continued)
Series 2018-C02, Cl. 2M1, 2.866% [US0001M+65], 8/25/30²	$	1,546,436	$	1,548,959
Series 2018-C03, Cl. 1M1, 2.896% [US0001M+68], 10/25/30²		5,256,277		5,267,555
Series 2018-C04, Cl. 2M1, 2.966% [US0001M+75], 12/25/30²		4,336,378		4,344,063
Series 2018-C05, Cl. 1M1, 2.936% [US0001M+72], 1/25/31²		1,698,012		1,701,780
Countrywide Alternative Loan Trust, Series 2005-21CB, Cl. A7, 5.50%, 6/25/35		1,214,001		1,146,972
GSR Mortgage Loan Trust, Series 2005-AR4, Cl. 6A1, 4.354%, 7/25/35⁹		299,303		301,885
HomeBanc Mortgage Trust, Series 2005-3, Cl. A2, 2.526% [US0001M+31], 7/25/35²		357,237		356,887
RALI Trust:
Series 2006-QS13, Cl. 1A8, 6.00%, 9/25/36		110,251		98,395
Series 2007-QS6, Cl. A28, 5.75%, 4/25/37		569,010		524,468
Residential Asset Securitization Trust, Series 2005-A6CB, Cl. A7, 6.00%, 6/25/35		303,540		283,997
STACR Trust:
Series 2018-DNA2, Cl. M1, 3.016% [US0001M+80], 12/25/30^1,2		6,600,000		6,623,347
Series 2018-DNA3, Cl. M1, 2.884% [US0001M+75], 9/25/48^1,2		1,165,000		1,167,792
Structured Agency Credit Risk Debt Nts.:
Series 2013-DN2, Cl. M2, 6.466% [US0001M+425], 11/25/23²		4,025,589		4,491,848
Series 2014-DN1, Cl. M2, 4.416% [US0001M+220], 2/25/24²		701,069		720,661
Series 2014-DN1, Cl. M3, 6.716% [US0001M+450], 2/25/24²		3,595,000		4,160,579
Series 2014-DN2, Cl. M3, 5.816% [US0001M+360], 4/25/24²		4,610,000		5,127,889
Series 2014-HQ2, Cl. M3, 5.966% [US0001M+375], 9/25/24²		4,050,000		4,650,133
Series 2015-HQA2, Cl. M2, 5.016% [US0001M+280], 5/25/28²		874,504		900,082
Series 2016-DNA1, Cl. M2, 5.116% [US0001M+290], 7/25/28²		1,307,359		1,339,674
Series 2016-DNA4, Cl. M1, 3.016% [US0001M+80], 3/25/29²		270,069		270,217
Series 2016-DNA4, Cl. M3, 6.016% [US0001M+380], 3/25/29²		4,040,000		4,553,904
Series 2016-HQA3, Cl. M1, 3.016% [US0001M+80], 3/25/29²		1,827,079		1,828,839
Series 2016-HQA3, Cl. M3, 6.066% [US0001M+385], 3/25/29²		2,800,000		3,180,685
Series 2016-HQA4, Cl. M1, 3.016% [US0001M+80], 4/25/29²		1,412,943		1,414,173
Series 2016-HQA4, Cl. M3, 6.116% [US0001M+390], 4/25/29²		3,995,000		4,522,676

12 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
Residential (Continued)
Structured Agency Credit Risk Debt Nts.: (Continued)
Series 2017-HQA1, Cl. M1, 3.416% [US0001M+120], 8/25/29²	$	7,814,065	$	7,869,312
Series 2017-HQA2, Cl. M1, 3.016% [US0001M+80], 12/25/29²		2,501,456		2,508,143
Series 2017-HQA3, Cl. M1, 2.766% [US0001M+55], 4/25/30²		7,852,223		7,854,251
Series 2018-DNA1, Cl. M1, 2.666% [US0001M+45], 7/25/30²		9,205,007		9,195,322
Series 2018-DNA1, Cl. M2, 4.016% [US0001M+180], 7/25/30²		6,665,000		6,631,433
WaMu Mortgage Pass-Through Certificates Trust:
Series 2003-AR10, Cl. A7, 3.848%, 10/25/33⁹		653,128		664,281
Series 2005-AR14, Cl. 1A4, 3.538%, 12/25/35⁹		899,807		909,293
Series 2005-AR16, Cl. 1A1, 3.445%, 12/25/35⁹		773,659		777,631
Wells Fargo Mortgage-Backed Securities Trust:
Series 2005-AR15, Cl. 1A2, 4.676%, 9/25/35⁹		1,090,129		1,065,898
Series 2005-AR15, Cl. 1A6, 4.676%, 9/25/35⁹		90,484		87,843
Series 2005-AR4, Cl. 2A2, 4.005%, 4/25/35⁹		2,449,600		2,473,360
Series 2006-AR10, Cl. 1A1, 4.263%, 7/25/36⁹		616,991		606,044
Series 2006-AR10, Cl. 5A5, 4.231%, 7/25/36⁹		1,679,080		1,708,026
Series 2006-AR2, Cl. 2A3, 3.964%, 3/25/36⁹		924,958		938,015
Series 2006-AR7, Cl. 2A4, 4.323%, 5/25/36⁹		368,665		378,409
Series 2007-16, Cl. 1A1, 6.00%, 12/28/37		259,520		260,656
				151,136,382
Total Mortgage-Backed Obligations (Cost $881,227,349)				878,065,602

U.S. Government Obligation—0.4%
United States Treasury Nts., 1.50%, 5/31/1910,11 (Cost $7,486,646)		7,480,000		7,431,351

Corporate Bonds and Notes—49.6%
Consumer Discretionary—8.0%
Automobiles—2.1%
Daimler Finance North America LLC:
2.20% Sr. Unsec. Nts., 5/5/20¹		3,529,000		3,466,536
3.75% Sr. Unsec. Nts., 2/22/28¹		4,444,000		4,344,706
Ford Motor Credit Co. LLC:
3.20% Sr. Unsec. Nts., 1/15/21		3,246,000		3,199,445
3.664% Sr. Unsec. Nts., 9/8/24		3,735,000		3,497,511
General Motors Co., 6.25% Sr. Unsec. Nts., 10/2/43		1,336,000		1,372,638
General Motors Financial Co., Inc., 4.15% Sr. Unsec. Nts., 6/19/23		4,593,000		4,583,632
Harley-Davidson Financial Services, Inc., 2.40% Sr. Unsec. Nts., 6/15/20¹		5,210,000		5,107,332
Hyundai Capital America:
1.75% Sr. Unsec. Nts., 9/27/19¹		4,062,000		4,005,958
4.125% Sr. Unsec. Nts., 6/8/23¹		5,286,000		5,252,814

13 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Automobiles (Continued)
Nissan Motor Acceptance Corp., 3.65% Sr. Unsec. Nts., 9/21/21¹	$	5,177,000	$	5,192,044
Volkswagen Group of America Finance LLC, 2.45% Sr. Unsec. Nts., 11/20/19¹		4,600,000		4,558,219
				44,580,835

Diversified Consumer Services—0.2%
Service Corp. International, 4.625% Sr. Unsec. Nts., 12/15/27		5,273,000		5,062,080

Entertainment—0.2%
21st Century Fox America, Inc., 4.75% Sr. Unsec. Nts., 11/15/46		1,983,000		2,127,767
Viacom, Inc., 4.375% Sr. Unsec. Nts., 3/15/43		1,670,000		1,460,389
				3,588,156

Hotels, Restaurants & Leisure—0.6%
Aramark Services, Inc., 5.00% Sr. Unsec. Nts., 4/1/25¹		3,166,000		3,185,788
Royal Caribbean Cruises Ltd., 2.65% Sr. Unsec. Nts., 11/28/20		4,419,000		4,347,311
Starbucks Corp., 3.80% Sr. Unsec. Nts., 8/15/25		5,159,000		5,131,035
				12,664,134

Household Durables—0.9%
DR Horton, Inc., 2.55% Sr. Unsec. Nts., 12/1/20		5,392,000		5,284,143
Lennar Corp., 4.75% Sr. Unsec. Nts., 5/30/25		5,255,000		5,143,331
Newell Brands, Inc., 5.00% Sr. Unsec. Nts., 11/15/23		1,633,000		1,652,288
PulteGroup, Inc., 5.00% Sr. Unsec. Nts., 1/15/27		3,310,000		3,148,638
Toll Brothers Finance Corp.:
4.375% Sr. Unsec. Nts., 4/15/23		2,711,000		2,697,445
4.875% Sr. Unsec. Nts., 3/15/27		1,445,000		1,387,200
				19,313,045

Internet & Catalog Retail—0.5%
Amazon.com, Inc., 4.95% Sr. Unsec. Nts., 12/5/44		2,012,000		2,255,054
QVC, Inc., 4.45% Sr. Sec. Nts., 2/15/25		8,575,000		8,153,564
				10,408,618

Media—1.7%
Charter Communications Operating LLC/Charter Communications Operating Capital, 5.375% Sr. Sec. Nts., 5/1/47		2,229,000		2,132,390
Comcast Cable Communications Holdings, Inc., 9.455% Sr. Unsec. Nts., 11/15/22		5,080,000		6,194,125
Comcast Corp., 4.00% Sr. Unsec. Nts., 3/1/48		2,784,000		2,512,946
Interpublic Group of Cos., Inc. (The):
3.75% Sr. Unsec. Nts., 10/1/21		4,207,000		4,218,136
4.20% Sr. Unsec. Nts., 4/15/24		5,050,000		5,068,665
Sky plc, 3.75% Sr. Unsec. Nts., 9/16/24¹		2,363,000		2,359,470
Time Warner Cable LLC, 4.50% Sr. Unsec. Unsub. Nts., 9/15/42		3,253,000		2,781,989

14 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
Media (Continued)
Virgin Media Secured Finance plc, 5.25% Sr. Sec. Nts., 1/15/26¹	$	5,444,000	$	5,343,504
WPP Finance 2010, 3.75% Sr. Unsec. Nts., 9/19/24		5,833,000		5,635,028
				36,246,253

Multiline Retail—0.3%
Dollar Tree, Inc., 4.00% Sr. Unsec. Nts., 5/15/25		5,305,000		5,208,188

Specialty Retail—1.1%
AutoZone, Inc., 1.625% Sr. Unsec. Nts., 4/21/19		689,000		684,217
Best Buy Co., Inc.:
4.45% Sr. Unsec. Nts., 10/1/28		1,828,000		1,822,692
5.50% Sr. Unsec. Nts., 3/15/21		4,811,000		5,032,079
L Brands, Inc., 5.625% Sr. Unsec. Nts., 2/15/22		5,136,000		5,214,581
Ross Stores, Inc., 3.375% Sr. Unsec. Nts., 9/15/24		5,507,000		5,416,946
Signet UK Finance plc, 4.70% Sr. Unsec. Nts., 6/15/24		4,650,000		4,409,968
				22,580,483

Textiles, Apparel & Luxury Goods—0.4%
Hanesbrands, Inc., 4.875% Sr. Unsec. Nts., 5/15/26¹		5,292,000		5,086,935
Levi Strauss & Co., 5.00% Sr. Unsec. Nts., 5/1/25		3,148,000		3,154,926
				8,241,861

Consumer Staples—4.6%
Beverages—1.2%
Anheuser-Busch InBev Finance, Inc.:
3.65% Sr. Unsec. Nts., 2/1/26		3,032,000		2,944,906
4.90% Sr. Unsec. Nts., 2/1/46		805,000		809,727
Anheuser-Busch InBev Worldwide, Inc., 8.20% Sr. Unsec. Unsub. Nts., 1/15/39		3,126,000		4,395,681
Bacardi Ltd., 4.70% Sr. Unsec. Nts., 5/15/28¹		2,674,000		2,658,211
Keurig Dr Pepper, Inc.:
4.057% Sr. Unsec. Nts., 5/25/23¹		5,431,000		5,443,397
4.597% Sr. Unsec. Nts., 5/25/28¹		2,695,000		2,712,309
Molson Coors Brewing Co., 1.45% Sr. Unsec. Nts., 7/15/19		1,826,000		1,804,955
Pernod Ricard SA, 4.25% Sr. Unsec. Nts., 7/15/22¹		4,732,000		4,811,907
				25,581,093

Food & Staples Retailing—0.5%
Alimentation Couche-Tard, Inc., 2.35% Sr. Unsec. Nts., 12/13/19¹		5,322,000		5,272,054
Kroger Co. (The):
2.00% Sr. Unsec. Nts., 1/15/19		309,000		308,335
4.45% Sr. Unsec. Nts., 2/1/47		1,486,000		1,372,148
6.80% Sr. Unsec. Nts., 12/15/18		346,000		348,801
6.90% Sr. Unsec. Nts., 4/15/38		1,624,000		1,936,583
				9,237,921

15 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Food Products—1.9%
Bunge Ltd. Finance Corp.:
3.25% Sr. Unsec. Nts., 8/15/26	$	3,613,000	$	3,273,366
3.50% Sr. Unsec. Nts., 11/24/20		5,278,000		5,263,985
Campbell Soup Co., 3.30% Sr. Unsec. Nts., 3/15/21		5,029,000		4,983,704
General Mills, Inc., 4.70% Sr. Unsec. Nts., 4/17/48		1,701,000		1,636,157
Kraft Heinz Foods Co.:
2.80% Sr. Unsec. Nts., 7/2/20		5,281,000		5,238,141
3.95% Sr. Unsec. Nts., 7/15/25		2,959,000		2,919,056
Lamb Weston Holdings, Inc., 4.875% Sr. Unsec. Nts., 11/1/26¹		5,012,000		4,930,555
Smithfield Foods, Inc.:
2.70% Sr. Unsec. Nts., 1/31/20¹		2,252,000		2,217,936
3.35% Sr. Unsec. Nts., 2/1/22¹		2,929,000		2,833,174
Tyson Foods, Inc.:
3.55% Sr. Unsec. Nts., 6/2/27		2,791,000		2,637,636
3.90% Sr. Unsec. Nts., 9/28/23		4,296,000		4,316,684
				40,250,394

Tobacco—1.0%
Altria Group, Inc., 4.00% Sr. Unsec. Nts., 1/31/24		3,823,000		3,880,621
BAT Capital Corp.:
2.297% Sr. Unsec. Nts., 8/14/20¹		5,176,000		5,074,449
3.557% Sr. Unsec. Nts., 8/15/27¹		2,912,000		2,715,350
Imperial Brands Finance plc, 3.75% Sr. Unsec. Nts., 7/21/22¹		5,217,000		5,197,228
Philip Morris International, Inc., 2.50% Sr. Unsec. Nts., 11/2/22		4,715,000		4,532,234
				21,399,882

Energy—3.9%
Energy Equipment & Services—0.3%
Halliburton Co., 5.00% Sr. Unsec. Nts., 11/15/45		1,193,000		1,276,882
Helmerich & Payne International Drilling Co., 4.65% Sr. Unsec. Nts., 3/15/25		2,440,000		2,497,832
Schlumberger Holdings Corp., 4.00% Sr. Unsec. Nts., 12/21/25¹		2,890,000		2,892,862
				6,667,576

Oil, Gas & Consumable Fuels—3.6%
Anadarko Petroleum Corp.:
4.50% Sr. Unsec. Nts., 7/15/44		1,362,000		1,250,179
6.20% Sr. Unsec. Nts., 3/15/40		814,000		904,300
Andeavor, 3.80% Sr. Unsec. Nts., 4/1/28		4,448,000		4,235,692
Andeavor Logistics LP/Tesoro Logistics Finance Corp.:
4.25% Sr. Unsec. Nts., 12/1/27		2,579,000		2,523,238
5.25% Sr. Unsec. Nts., 1/15/25		2,699,000		2,767,636
Apache Corp., 4.375% Sr. Unsec. Nts., 10/15/28		3,972,000		3,912,915
Columbia Pipeline Group, Inc.:
3.30% Sr. Unsec. Nts., 6/1/20		3,820,000		3,814,930
4.50% Sr. Unsec. Nts., 6/1/25		2,681,000		2,713,386

16 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
Oil, Gas & Consumable Fuels (Continued)
ConocoPhillips Co.:
4.95% Sr. Unsec. Nts., 3/15/26	$	461,000	$	497,848
5.95% Sr. Unsec. Nts., 3/15/46		1,080,000		1,367,133
Devon Energy Corp., 4.75% Sr. Unsec. Nts., 5/15/42		1,153,000		1,102,816
Energy Transfer Equity LP, 4.25% Sr. Sec. Nts., 3/15/23		4,125,000		4,109,531
Energy Transfer Partners LP, 5.30% Sr. Unsec. Nts., 4/15/47		1,501,000		1,457,305
Enterprise Products Operating LLC:
4.85% Sr. Unsec. Nts., 8/15/42		987,000		1,008,148
4.90% Sr. Unsec. Nts., 5/15/46		779,000		807,455
EQT Corp., 2.50% Sr. Unsec. Nts., 10/1/20		5,403,000		5,276,304
Kinder Morgan Energy Partners LP, 5.80% Sr. Unsec. Nts., 3/1/21		2,082,000		2,189,057
Kinder Morgan, Inc.:
5.20% Sr. Unsec. Nts., 3/1/48		1,282,000		1,310,450
5.55% Sr. Unsec. Nts., 6/1/45		2,233,000		2,365,279
Noble Energy, Inc., 5.05% Sr. Unsec. Nts., 11/15/44		1,422,000		1,380,388
ONEOK Partners LP, 8.625% Sr. Unsec. Nts., 3/1/19		3,216,000		3,289,034
Pioneer Natural Resources Co., 3.45% Sr. Unsec. Nts., 1/15/21		5,100,000		5,101,130
Sabine Pass Liquefaction LLC:
4.20% Sr. Sec. Nts., 3/15/28		2,699,000		2,621,859
5.625% Sr. Sec. Nts., 2/1/21		4,074,000		4,239,420
Shell International Finance BV, 4.00% Sr. Unsec. Nts., 5/10/46		1,860,000		1,821,660
Sunoco Logistics Partners Operations LP, 4.00% Sr. Unsec. Nts., 10/1/27		3,373,000		3,206,817
TransCanada PipeLines Ltd., 7.625% Sr. Unsec. Nts., 1/15/39		1,144,000		1,525,859
Williams Cos., Inc. (The):
3.70% Sr. Unsec. Unsub. Nts., 1/15/23		5,303,000		5,249,945
3.75% Sr. Unsec. Nts., 6/15/27		2,175,000		2,079,374
				74,129,088

Financials—14.0%
Capital Markets—3.0%
Bank of New York Mellon Corp. (The), 3.00% Sub. Nts., 10/30/28		1,759,000		1,612,723
Blackstone Holdings Finance Co. LLC, 3.15% Sr. Unsec. Nts., 10/2/27¹		1,925,000		1,782,937
Brookfield Asset Management, Inc., 4.00% Sr. Unsec. Nts., 1/15/25		4,078,000		4,012,744
Credit Suisse AG (New York), 3.625% Sr. Unsec. Nts., 9/9/24		3,175,000		3,130,698
Credit Suisse Group AG, 3.869% [US0003M+141] Sr. Unsec. Nts., 1/12/29^1,2		2,980,000		2,808,902
Credit Suisse Group Funding Guernsey Ltd., 4.55% Sr. Unsec. Nts., 4/17/26		2,435,000		2,449,262
E*TRADE Financial Corp., 5.875% [US0003M+443.5] Jr. Sub. Perpetual Bonds^2,12		5,120,000		5,248,000
Goldman Sachs Group, Inc. (The):
3.50% Sr. Unsec. Nts., 11/16/26		2,654,000		2,519,950
3.691% [US0003M+151] Sr. Unsec. Nts., 6/5/28²		1,000,000		952,319

17 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Capital Markets (Continued)
Goldman Sachs Group, Inc. (The): (Continued)
3.75% Sr. Unsec. Nts., 2/25/26	$	2,550,000	$	2,480,594
4.017% [ US0003M+ 137.3] Sr. Unsec. Nts., 10/31/38²		1,903,000		1,765,236
Macquarie Bank Ltd., 2.60% Sr. Unsec. Nts., 6/24/19¹		4,251,000		4,240,931
Macquarie Group Ltd., 3.763% [US0003M+137.2] Sr. Unsec. Nts., 11/28/28^1,2		4,109,000		3,826,371
Morgan Stanley:
3.95% Sub. Nts., 4/23/27		1,200,000		1,153,146
4.375% Sr. Unsec. Nts., 1/22/47		3,662,000		3,572,904
5.00% Sub. Nts., 11/24/25		4,427,000		4,589,808
MSCI, Inc., 4.75% Sr. Unsec. Nts., 8/1/26¹		5,106,000		5,080,470
Northern Trust Corp., 3.375% [US0003M+113.1] Sub. Nts., 5/8/32²		1,993,000		1,858,916
Raymond James Financial, Inc., 3.625% Sr. Unsec. Nts., 9/15/26		2,653,000		2,540,105
TD Ameritrade Holding Corp., 3.30% Sr. Unsec. Nts., 4/1/27		3,298,000		3,161,304
UBS Group Funding Switzerland AG:
4.125% Sr. Unsec. Nts., 4/15/26¹		2,732,000		2,710,582
4.253% Sr. Unsec. Nts., 3/23/28¹		1,954,000		1,941,195
				63,439,097

Commercial Banks—6.8%
ABN AMRO Bank NV, 4.40% [USSW5+219.7] Sub. Nts., 3/27/28^2,13		6,000,000		5,901,006
Bank of America Corp.:
3.248% Sr. Unsec. Nts., 10/21/27		4,525,000		4,212,516
3.593% [ US0003M+ 137] Sr. Unsec. Nts., 7/21/28²		600,000		572,324
3.824% [ US0003M+ 157.5] Sr. Unsec. Nts., 1/20/28²		3,221,000		3,137,994
4.271% [ US0003M+ 131] Sr. Unsec. Nts., 7/23/29²		4,245,000		4,241,062
7.75% Jr. Sub. Nts., 5/14/38		3,847,000		5,201,981
Bank of Ireland Group plc, 4.50% Sr. Unsec. Nts., 11/25/23¹		4,179,000		4,176,810
BB&T Corp., 2.85% Sr. Unsec. Nts., 10/26/24		3,868,000		3,703,204
BNP Paribas SA:
4.40% Sr. Unsec. Nts., 8/14/28¹		1,900,000		1,867,200
4.625% Sub. Nts., 3/13/27¹		2,974,000		2,939,118
BPCE SA, 4.50% Sub. Nts., 3/15/25¹		2,943,000		2,881,267
Citigroup, Inc.:
4.075% [ US0003M+ 119.2] Sr. Unsec. Nts., 4/23/29²		4,219,000		4,143,078
4.281% [ US0003M+ 183.9] Sr. Unsec. Nts., 4/24/48²		4,210,000		4,035,314
4.75% Sub. Nts., 5/18/46		1,946,000		1,909,036
Citizens Bank NA (Providence RI):
2.55% Sr. Unsec. Nts., 5/13/21		2,409,000		2,348,257
2.65% Sr. Unsec. Nts., 5/26/22		1,014,000		975,701
Compass Bank, 2.875% Sr. Unsec. Nts., 6/29/22		4,408,000		4,254,829
Credit Agricole SA, 4.375% Sub. Nts., 3/17/25¹		4,978,000		4,875,349
Fifth Third Bank (Cincinnati OH), 3.85% Sub. Nts., 3/15/26		2,461,000		2,404,722
First Republic Bank, 4.375% Sub. Nts., 8/1/46		2,132,000		1,984,844
HSBC Holdings plc:
3.95% [US0003M+98.72] Sr. Unsec. Nts., 5/18/24²		1,709,000		1,698,472

18 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
Commercial Banks (Continued)
HSBC Holdings plc: (Continued)
4.041% [US0003M+154.6] Sr. Unsec. Nts., 3/13/28²	$	2,142,000	$	2,064,446
4.583% [US0003M+153.46] Sr. Unsec. Nts., 6/19/29²		2,854,000		2,860,523
Huntington Bancshares, Inc., 4.00% Sr. Unsec. Nts., 5/15/25		5,274,000		5,274,022
JPMorgan Chase & Co.:
3.54% [US0003M+138] Sr. Unsec. Nts., 5/1/28²		4,302,000		4,106,693
3.782% [US0003M+133.7] Sr. Unsec. Nts., 2/1/28²		7,898,000		7,696,243
3.797% [US0003M+89] Sr. Unsec. Nts., 7/23/24²		5,275,000		5,274,297
4.26% [US0003M+158] Sr. Unsec. Nts., 2/22/48²		1,665,000		1,610,268
KeyBank NA (Cleveland OH), 3.40% Sub. Nts., 5/20/26		3,357,000		3,187,033
Lloyds Banking Group plc:
6.413% [US0003M+149.5] Jr. Sub. Perpetual Bonds^1,2,12		214,000		217,478
6.657% [US0003M+127] Jr. Sub. Perpetual Bonds^2,7,12		2,718,000		2,777,470
M&T Bank Corp., 3.55% Sr. Unsec. Nts., 7/26/23		2,160,000		2,149,355
Nordea Bank AB, 4.625% [USSW5+169] Sub. Nts., 9/13/33^1,2		1,874,000		1,854,610
PNC Bank NA, 4.05% Sub. Nts., 7/26/28		3,718,000		3,735,941
PNC Financial Services Group, Inc. (The), 3.15% Sr. Unsec. Nts., 5/19/27		3,749,000		3,549,263
Regions Financial Corp., 2.75% Sr. Unsec. Nts., 8/14/22		2,893,000		2,791,871
SunTrust Bank (Atlanta GA), 3.30% Sub. Nts., 5/15/26		1,798,000		1,694,333
Synovus Financial Corp., 3.125% Sr. Unsec. Nts., 11/1/22		2,818,000		2,709,986
Toronto-Dominion Bank (The), 3.50% Sr. Unsec. Nts., 7/19/23		4,222,000		4,216,148
US Bancorp:
3.10% Sub. Nts., 4/27/26		3,338,000		3,157,634
3.15% Sr. Unsec. Nts., 4/27/27		1,004,000		958,947
US Bank NA (Cincinnati OH), 3.40% Sr. Unsec. Nts., 7/24/23		6,053,000		6,030,446
Wells Fargo & Co.:
3.584% [US0003M+131] Sr. Unsec. Nts., 5/22/28²		4,142,000		3,975,193
4.75% Sub. Nts., 12/7/46		2,512,000		2,504,090
				141,860,374

Consumer Finance—0.7%
American Express Co., 2.50% Sr. Unsec. Nts., 8/1/22		1,728,000		1,659,478
American Express Credit Corp., 3.30% Sr. Unsec. Nts., 5/3/27		3,103,000		2,983,625
Capital One Financial Corp., 3.75% Sr. Unsec. Nts., 3/9/27		1,666,000		1,574,503
Discover Bank:
3.10% Sr. Unsec. Nts., 6/4/20		739,000		734,617
4.65% Sr. Unsec. Nts., 9/13/28		1,945,000		1,952,467
Discover Financial Services, 3.75% Sr. Unsec. Nts., 3/4/25		1,743,000		1,663,055
Electricite de France SA, 6.50% Sr. Unsec. Nts., 1/26/19¹		2,975,000		3,010,491
				13,578,236

Diversified Financial Services—0.6%
Berkshire Hathaway Energy Co.:
2.00% Sr. Unsec. Nts., 11/15/18		1,134,000		1,133,442
3.80% Sr. Unsec. Nts., 7/15/48		1,172,000		1,060,661
Peachtree Corners Funding Trust, 3.976% Sr. Unsec. Nts., 2/15/25¹		1,973,000		1,918,176
Precision Castparts Corp., 2.50% Sr. Unsec. Nts., 1/15/23		2,568,000		2,473,433

19 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Diversified Financial Services (Continued)
Voya Financial, Inc., 5.65% [US0003M+358] Jr. Sub. Nts., 5/15/53²	$	4,857,000	$	4,907,270
				11,492,982

Insurance—1.6%
AXA Equitable Holdings, Inc., 4.35% Sr. Unsec. Nts., 4/20/28¹		2,823,000		2,734,855
AXIS Specialty Finance plc, 5.15% Sr. Unsec. Nts., 4/1/45		2,591,000		2,510,002
Boardwalk Pipelines LP, 4.95% Sr. Unsec. Nts., 12/15/24		2,509,000		2,545,056
Brighthouse Financial, Inc., 3.70% Sr. Unsec. Nts., 6/22/27		1,096,000		974,554
CNA Financial Corp., 3.45% Sr. Unsec. Nts., 8/15/27		3,950,000		3,662,457
Hartford Financial Services Group, Inc. (The), 4.40% Sr. Unsec. Nts., 3/15/48		3,111,000		3,009,458
Lincoln National Corp., 3.80% Sr. Unsec. Nts., 3/1/28		3,096,000		2,992,932
Manulife Financial Corp., 4.061% [USISDA05+164.7] Sub. Nts., 2/24/32²		3,321,000		3,170,462
Marsh & McLennan Cos., Inc., 4.35% Sr. Unsec. Nts., 1/30/47		1,731,000		1,658,366
Nuveen Finance LLC, 4.125% Sr. Unsec. Nts., 11/1/24¹		5,270,000		5,216,846
Prudential Financial, Inc.:
5.20% [US0003M+304] Jr. Sub. Nts., 3/15/442		3,954,000		3,939,173
5.375% [US0003M+303.1] Jr. Sub. Nts., 5/15/452		887,000		887,000
				33,301,161

Real Estate Investment Trusts (REITs)—1.3%
American Tower Corp.:
2.80% Sr. Unsec. Nts., 6/1/20		1,482,000		1,468,609
3.00% Sr. Unsec. Nts., 6/15/23		4,354,000		4,195,327
3.60% Sr. Unsec. Nts., 1/15/28		2,903,000		2,716,043
5.05% Sr. Unsec. Unsub. Nts., 9/1/20		2,856,000		2,946,324
Crown Castle International Corp., 3.65% Sr. Unsec. Nts., 9/1/27		2,451,000		2,305,996
Digital Realty Trust LP:
3.40% Sr. Unsec. Nts., 10/1/20		445,000		445,628
5.875% Sr. Unsec. Nts., 2/1/20		1,846,000		1,893,700
HCP, Inc., 2.625% Sr. Unsec. Nts., 2/1/20		5,035,000		4,993,316
Lamar Media Corp., 5.75% Sr. Unsec. Nts., 2/1/26		4,926,000		5,125,946
VEREIT Operating Partnership LP, 3.00% Sr. Unsec. Nts., 2/6/19		1,619,000		1,618,935
				27,709,824

Health Care—4.6%
Biotechnology—1.1%
AbbVie, Inc.:
3.75% Sr. Unsec. Nts., 11/14/23		5,223,000		5,202,478
4.25% Sr. Unsec. Nts., 11/14/28		3,879,000		3,828,728
Amgen, Inc., 4.563% Sr. Unsec. Nts., 6/15/48		1,924,000		1,891,723
Biogen, Inc., 5.20% Sr. Unsec. Nts., 9/15/45		1,407,000		1,496,344
Celgene Corp.:
3.875% Sr. Unsec. Nts., 8/15/25		3,247,000		3,201,907
5.00% Sr. Unsec. Nts., 8/15/45		534,000		531,860

20 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
Biotechnology (Continued)
Gilead Sciences, Inc., 4.75% Sr. Unsec. Nts., 3/1/46	$	2,188,000	$	2,257,186
Shire Acquisitions Investments Ireland DAC, 2.40% Sr. Unsec. Nts., 9/23/21		5,388,000		5,209,309
				23,619,535

Health Care Equipment & Supplies—0.7%
Abbott Laboratories, 3.75% Sr. Unsec. Nts., 11/30/26		4,402,000		4,395,770
Becton Dickinson & Co.:
2.404% Sr. Unsec. Nts., 6/5/20		4,293,000		4,229,405
3.70% Sr. Unsec. Nts., 6/6/27		4,151,000		3,975,742
Hologic, Inc., 4.375% Sr. Unsec. Nts., 10/15/25¹		179,000		171,392
Medtronic, Inc., 4.625% Sr. Unsec. Nts., 3/15/45		907,000		961,267
				13,733,576

Health Care Providers & Services—1.5%
Cigna Corp., 5.125% Sr. Unsec. Nts., 6/15/20		4,432,000		4,567,830
CVS Health Corp.:
2.125% Sr. Unsec. Nts., 6/1/21		5,164,000		4,987,436
5.05% Sr. Unsec. Nts., 3/25/48		4,706,000		4,826,290
Fresenius Medical Care US Finance II, Inc., 5.875% Sr. Unsec. Nts., 1/31/22¹		6,409,000		6,766,601
Halfmoon Parent, Inc.:
3.75% Sr. Sec. Nts., 7/15/23¹		4,052,000		4,040,967
4.375% Sr. Sec. Nts., 10/15/28¹		2,620,000		2,616,161
UnitedHealth Group, Inc., 2.75% Sr. Unsec. Nts., 2/15/23		4,230,000		4,104,636
				31,909,921

Life Sciences Tools & Services—0.5%
IQVIA, Inc., 5.00% Sr. Unsec. Nts., 10/15/26¹		4,298,000		4,226,009
Life Technologies Corp., 6.00% Sr. Unsec. Nts., 3/1/20		3,768,000		3,904,745
Thermo Fisher Scientific, Inc., 4.15% Sr. Unsec. Nts., 2/1/24		2,063,000		2,103,286
				10,234,040

Pharmaceuticals—0.8%
Allergan Funding SCS, 3.00% Sr. Unsec. Nts., 3/12/20		5,175,000		5,170,655
Bayer US Finance II LLC:
3.875% Sr. Unsec. Nts., 12/15/23¹		5,258,000		5,227,551
4.375% Sr. Unsec. Nts., 12/15/28¹		3,779,000		3,707,616
Elanco Animal Health, Inc., 4.90% Sr. Unsec. Nts., 8/28/28¹		2,298,000		2,336,377
				16,442,199

Industrials—3.5%
Aerospace & Defense—0.9%
BAE Systems Holdings, Inc., 3.85% Sr. Unsec. Nts., 12/15/25¹		4,089,000		4,015,725
Huntington Ingalls Industries, Inc., 3.483% Sr. Unsec. Nts., 12/1/27		3,075,000		2,887,733
L3 Technologies, Inc., 3.85% Sr. Unsec. Nts., 6/15/23		5,301,000		5,318,512
Northrop Grumman Corp., 4.75% Sr. Unsec. Nts., 6/1/43		2,760,000		2,870,418

21 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Aerospace & Defense (Continued)
United Technologies Corp.:
3.35% Sr. Unsec. Nts., 8/16/21	$	1,293,000	$	1,292,017
3.95% Sr. Unsec. Nts., 8/16/25		3,232,000		3,216,279
				19,600,684

Air Freight & Couriers—0.2%
CH Robinson Worldwide, Inc., 4.20% Sr. Unsec. Nts., 4/15/28		2,673,000		2,642,658
FedEx Corp., 4.40% Sr. Unsec. Nts., 1/15/47		1,054,000		1,009,049
				3,651,707

Building Products—0.4%
Allegion US Holding Co., Inc., 3.55% Sec. Nts., 10/1/27		4,291,000		3,906,559
Fortune Brands Home & Security, Inc., 4.00% Sr. Unsec. Nts., 9/21/23		4,958,000		4,978,165
				8,884,724

Electrical Equipment—0.2%
Sensata Technologies BV, 4.875% Sr. Unsec. Nts., 10/15/231		4,415,000		4,437,075

Industrial Conglomerates—0.3%
GE Capital International Funding Co. Unlimited Co., 3.373% Sr. Unsec. Nts., 11/15/25		1,652,000		1,573,443
Roper Technologies, Inc., 3.65% Sr. Unsec. Nts., 9/15/23		5,226,000		5,196,346
				6,769,789

Machinery—0.3%
Fortive Corp., 1.80% Sr. Unsec. Nts., 6/15/19		465,000		460,653
John Deere Capital Corp., 2.70% Sr. Unsec. Nts., 1/6/23		2,224,000		2,161,118
Nvent Finance Sarl, 4.55% Sr. Unsec. Nts., 4/15/281		2,620,000		2,554,159
Stanley Black & Decker, Inc., 2.451% Sub. Nts., 11/17/18		921,000		920,614
				6,096,544

Professional Services—0.2%
IHS Markit Ltd., 4.125% Sr. Unsec. Nts., 8/1/23		3,316,000		3,313,778

Road & Rail—0.5%
Penske Truck Leasing Co. LP/PTL Finance Corp., 3.40% Sr. Unsec. Nts., 11/15/26¹		4,245,000		3,956,377
Ryder System, Inc.:
3.50% Sr. Unsec. Nts., 6/1/21		1,241,000		1,240,602
3.75% Sr. Unsec. Nts., 6/9/23		5,250,000		5,242,623
				10,439,602

Trading Companies & Distributors—0.5%
Air Lease Corp.:
3.25% Sr. Unsec. Nts., 3/1/25		1,679,000		1,571,049
3.625% Sr. Unsec. Nts., 4/1/27		1,765,000		1,631,885
GATX Corp., 3.50% Sr. Unsec. Nts., 3/15/28		4,225,000		3,888,290

22 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
Trading Companies & Distributors (Continued)
United Rentals North America, Inc., 4.625% Sr. Unsec. Nts., 10/15/25	$	2,670,000	$	2,596,575
				9,687,799

Information Technology—3.0%
Communications Equipment—0.2%
Motorola Solutions, Inc., 4.60% Sr. Unsec. Nts., 2/23/28		3,917,000		3,834,966

Electronic Equipment, Instruments, & Components—0.4%
Arrow Electronics, Inc., 3.875% Sr. Unsec. Nts., 1/12/28		3,969,000		3,702,364
CDW LLC/CDW Finance Corp., 5.50% Sr. Unsec. Nts., 12/1/24		631,000		656,240
Tech Data Corp., 4.95% Sr. Unsec. Nts., 2/15/27		3,740,000		3,662,935
				8,021,539

IT Services—0.7%
DXC Technology Co.:
2.875% Sr. Unsec. Nts., 3/27/20		2,944,000		2,920,499
4.75% Sr. Unsec. Nts., 4/15/27		3,922,000		4,019,530
Fidelity National Information Services, Inc., 4.25% Sr. Unsec. Nts., 5/15/28		2,695,000		2,704,067
VeriSign, Inc.:
4.75% Sr. Unsec. Nts., 7/15/27		2,683,000		2,625,181
5.25% Sr. Unsec. Nts., 4/1/25		1,611,000		1,647,248
				13,916,525

Semiconductors & Semiconductor Equipment—0.3%
Intel Corp., 3.734% Sr. Unsec. Nts., 12/8/47		1,479,000		1,379,358
Microchip Technology, Inc., 3.922% Sr. Sec. Nts., 6/1/21¹		5,261,000		5,233,089
				6,612,447

Software—1.0%
Autodesk, Inc., 4.375% Sr. Unsec. Nts., 6/15/25		1,675,000		1,685,617
Dell International LLC/EMC Corp.:
4.42% Sr. Sec. Nts., 6/15/21¹		4,891,000		4,966,512
6.02% Sr. Sec. Nts., 6/15/26¹		3,118,000		3,325,499
Open Text Corp., 5.625% Sr. Unsec. Nts., 1/15/23¹		2,188,000		2,231,760
Oracle Corp.:
2.40% Sr. Unsec. Nts., 9/15/23		3,157,000		3,015,044
2.95% Sr. Unsec. Nts., 5/15/25		3,127,000		3,000,530
VMware, Inc.:
2.30% Sr. Unsec. Nts., 8/21/20		1,357,000		1,330,835
3.90% Sr. Unsec. Nts., 8/21/27		2,677,000		2,535,771
				22,091,568

Technology Hardware, Storage & Peripherals—0.4%
Apple, Inc., 4.375% Sr. Unsec. Nts., 5/13/45		3,263,000		3,395,649

23 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Technology Hardware, Storage & Peripherals (Continued)
Hewlett Packard Enterprise Co., 3.60% Sr. Unsec. Nts., 10/15/20	$	5,252,000	$	5,279,259
				8,674,908

Materials—2.5%
Chemicals—1.0%
LyondellBasell Industries NV, 5.00% Sr. Unsec. Nts., 4/15/19		3,753,000		3,772,094
Nutrien Ltd., 3.375% Sr. Unsec. Nts., 3/15/25		4,621,000		4,386,106
PolyOne Corp., 5.25% Sr. Unsec. Nts., 3/15/23		3,940,000		4,097,718
RPM International, Inc.:
3.45% Sr. Unsec. Unsub. Nts., 11/15/22		3,050,000		3,001,778
3.75% Sr. Unsec. Nts., 3/15/27		1,562,000		1,486,195
Yara International ASA, 4.75% Sr. Unsec. Nts., 6/1/28¹		3,988,000		4,020,316
				20,764,207

Construction Materials—0.3%
James Hardie International Finance DAC, 4.75% Sr. Unsec. Nts., 1/15/25¹		3,252,000		3,159,156
Martin Marietta Materials, Inc., 3.50% Sr. Unsec. Nts., 12/15/27		2,593,000		2,380,624
				5,539,780

Containers & Packaging—0.6%
International Paper Co.:
3.00% Sr. Unsec. Nts., 2/15/27		2,581,000		2,372,850
4.80% Sr. Unsec. Nts., 6/15/44		2,183,000		2,125,318
Packaging Corp. of America:
3.65% Sr. Unsec. Nts., 9/15/24		745,000		734,025
4.50% Sr. Unsec. Nts., 11/1/23		4,011,000		4,126,106
Silgan Holdings, Inc., 4.75% Sr. Unsec. Nts., 3/15/25		3,315,000		3,194,831
				12,553,130

Metals & Mining—0.5%
Anglo American Capital plc:
3.625% Sr. Unsec. Nts., 9/11/24¹		1,368,000		1,303,433
4.00% Sr. Unsec. Nts., 9/11/27¹		2,200,000		2,029,677
ArcelorMittal, 6.125% Sr. Unsec. Nts., 6/1/25		4,565,000		4,966,596
Goldcorp, Inc., 5.45% Sr. Unsec. Nts., 6/9/44		1,490,000		1,549,261
				9,848,967

Paper & Forest Products—0.1%
Georgia-Pacific LLC, 3.734% Sr. Unsec. Nts., 7/15/23¹		964,000		969,132
Louisiana-Pacific Corp., 4.875% Sr. Unsec. Nts., 9/15/24		2,196,000		2,196,000
				3,165,132

Telecommunication Services—2.5%
Diversified Telecommunication Services—2.0%
AT&T, Inc.:
4.30% Sr. Unsec. Nts., 2/15/30¹		3,909,000		3,764,965

24 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
Diversified Telecommunication Services (Continued)
AT&T, Inc.: (Continued)
4.35% Sr. Unsec. Nts., 6/15/45	$	4,857,000	$	4,193,381
4.50% Sr. Unsec. Nts., 3/9/48		2,268,000		1,983,319
British Telecommunications plc, 9.625% Sr. Unsec. Nts., 12/15/30		4,509,000		6,417,359
Deutsche Telekom International Finance BV, 4.375% Sr. Unsec. Nts., 6/21/28¹		2,515,000		2,510,720
Telecom Italia SpA, 5.303% Sr. Unsec. Nts., 5/30/24¹		5,054,000		4,927,650
Telefonica Emisiones SAU:
4.103% Sr. Unsec. Nts., 3/8/27		1,424,000		1,370,433
5.213% Sr. Unsec. Nts., 3/8/47		2,144,000		2,087,248
7.045% Sr. Unsec. Unsub. Nts., 6/20/36		2,031,000		2,454,019
T-Mobile USA, Inc., 6.50% Sr. Unsec. Nts., 1/15/26		4,923,000		5,170,134
Verizon Communications, Inc.:
4.125% Sr. Unsec. Nts., 8/15/46		2,250,000		2,021,460
4.522% Sr. Unsec. Nts., 9/15/48		3,066,000		2,929,088
5.15% Sr. Unsec. Nts., 9/15/23		1,995,000		2,136,067
				41,965,843

Wireless Telecommunication Services—0.5%
Vodafone Group plc:
3.75% Sr. Unsec. Nts., 1/16/24		5,215,000		5,161,398
4.375% Sr. Unsec. Nts., 5/30/28		2,638,000		2,602,681
6.15% Sr. Unsec. Nts., 2/27/37		1,709,000		1,890,528
				9,654,607

Utilities—3.0%
Electric Utilities—2.3%
AEP Texas, Inc., 3.95% Sr. Unsec. Nts., 6/1/28¹		2,694,000		2,680,555
Duke Energy Corp.:
3.15% Sr. Unsec. Nts., 8/15/27		2,714,000		2,527,448
3.75% Sr. Unsec. Nts., 9/1/46		2,562,000		2,257,181
Edison International:
2.125% Sr. Unsec. Nts., 4/15/20		2,127,000		2,086,215
2.95% Sr. Unsec. Nts., 3/15/23		3,255,000		3,121,909
EDP Finance BV, 3.625% Sr. Unsec. Nts., 7/15/24¹		3,689,000		3,529,727
Electricite de France SA, 4.50% Sr. Unsec. Nts., 9/21/28¹		2,675,000		2,636,733
Emera US Finance LP, 2.15% Sr. Unsec. Nts., 6/15/19		4,548,000		4,519,403
Entergy Texas, Inc., 7.125% Sec. Nts., 2/1/19		1,118,000		1,133,095
Exelon Corp.:
2.45% Sr. Unsec. Nts., 4/15/21		2,432,000		2,364,965
4.45% Sr. Unsec. Nts., 4/15/46		1,494,000		1,451,694
FirstEnergy Corp., 3.90% Sr. Unsec. Nts., 7/15/27		2,896,000		2,820,843
Indiana Michigan Power Co., 4.25% Sr. Unsec. Nts., 8/15/48		1,247,000		1,231,589
ITC Holdings Corp.:
3.35% Sr. Unsec. Nts., 11/15/27		246,000		231,865
5.30% Sr. Unsec. Nts., 7/1/43		1,081,000		1,187,235
Mid-Atlantic Interstate Transmission LLC, 4.10% Sr. Unsec. Nts., 5/15/28¹		2,698,000		2,677,352

25 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Electric Utilities (Continued)
NextEra Energy Operating Partners LP, 4.25% Sr. Unsec. Nts., 9/15/24¹	$	386,000	$	379,728
Pennsylvania Electric Co., 5.20% Sr. Unsec. Nts., 4/1/20		500,000		511,623
PPL WEM Ltd./Western Power Distribution Ltd., 5.375% Sr. Unsec. Unsub. Nts., 5/1/21¹		4,885,000		5,062,979
Southern Co. Gas Capital Corp., 4.40% Sr. Unsec. Nts., 5/30/47		1,701,000		1,623,889
Trans-Allegheny Interstate Line Co., 3.85% Sr. Unsec. Nts., 6/1/25¹		2,876,000		2,850,723
				46,886,751

Multi-Utilities—0.7%
Black Hills Corp., 2.50% Sr. Unsec. Nts., 1/11/19		2,592,000		2,589,209
CenterPoint Energy Resources Corp., 4.50% Sr. Unsec. Nts., 1/15/21		1,942,000		1,977,570
Dominion Energy, Inc.:
2.579% Jr. Sub. Nts., 7/1/20		5,060,000		4,996,278
4.90% Sr. Unsec. Nts., 8/1/41		1,995,000		2,051,005
Public Service Enterprise Group, Inc., 1.60% Sr. Unsec. Nts., 11/15/19		3,471,000		3,413,552
				15,027,614
Total Corporate Bonds and Notes (Cost $1,052,738,585)				1,033,920,238

Short-Term Notes—15.0%
Aerospace & Defense—0.7%
Northrop Grumman Corp., 2.464%, 10/24/18^1,14,15		4,100,000		4,092,828
Rockwell Collins, Inc., 2.302%, 10/1/18^1,14,15		1,100,000		1,099,783
United Technologies Corp., 2.561%, 11/26/18^1,14,15		9,300,000		9,262,003
				14,454,614

Auto Components—0.4%
Magna International, Inc., 2.303%, 10/5/18^1,14,15		9,300,000		9,295,723

Beverages—0.4%
Diageo Capital plc, 2.234%, 10/12/18^14,15		9,400,000		9,391,113

Building Products—0.4%
Assa Abloy Financial AB:
2.425%, 10/22/18^1,14,15		4,000,000		3,993,544
2.561%, 11/30/18^1,14,15		5,300,000		5,276,813
				9,270,357

Chemicals—1.7%
Air Liquide US LLC, 2.546%, 12/31/18^1,14,15		9,300,000		9,243,808
Albemarle Corp., 2.304%, 10/4/18^1,14,15		9,400,000		9,395,922
Cabot Corp., 2.303%, 10/9/18^1,14,15		9,300,000		9,293,208
Eastman Chemical, 2.235%, 10/11/18¹⁵		4,100,000		4,096,398

26 OPPENHEIMER TOTAL RETURN BOND FUND


	Principal Amount		Value
Chemicals (Continued)
Nutrien Ltd., 2.461%, 11/14/18^1,14,15	$	4,100,000	$	4,085,237
				36,114,573

Commercial Services & Supplies—0.4%
Waste Management, Inc., 2.265%, 10/16/18^1,14,15		7,300,000		7,291,178

Computers & Peripherals—0.9%
HP, Inc., 2.636%, 10/15/18¹⁵		9,440,000		9,430,299
NetApp, Inc., 2.234%, 10/10/18^1,14,15		8,300,000		8,293,288
				17,723,587

Electric Utilities—2.1%
Duke Energy Corp.:
2.213%, 10/3/18^1,14,15		1,900,000		1,899,371
2.351%, 10/4/18^1,14,15		2,200,000		2,199,124
Eversource Energy, 2.221%, 10/1/18^14,15		9,300,000		9,298,129
Nextera Energy Capital Holdings, 2.307%, 10/10/18^1,14,15		9,400,000		9,392,398
Puget Sound Energy, Inc.:
2.304%, 10/10/18¹⁵		7,500,000		7,493,935
2.394%, 10/15/18¹⁵		1,800,000		1,797,924
Sempra Energy, 2.304%, 10/10/18^14,15		9,300,000		9,292,479
Southern Co. (The), 2.401%, 10/4/18^1,14,15		3,100,000		3,098,766
				44,472,126

Energy Equipment & Services—0.1%
Schlumberger Holdings Corp., 2.304%, 10/10/18^1,14,15		3,100,000		3,097,481

Food & Staples Retailing—0.5%
Walgreens Boots Alliance, Inc., 2.36%, 10/22/18¹⁵		9,440,000		9,424,638

Food Products—0.8%
General Mills, Inc., 2.183%, 10/1/18^14,15		4,100,000		4,099,190
McCormick & Co., Inc., 2.403%, 10/18/18^1,14,15		9,300,000		9,287,352
Mondelez International, Inc.:
2.352%, 10/24/18^14,15		1,300,000		1,297,707
2.352%, 10/26/18^14,15		1,800,000		1,796,578
				16,480,827

Hotels, Restaurants & Leisure—0.3%
Marriot International, 2.48%, 10/18/18^1,14,15		6,300,000		6,291,460

Household Durables—0.9%
Leggett & Platt, Inc., 2.264%, 10/4/18^1,14,15		9,400,000		9,396,257
Mohawk Industries, Inc., 2.343%, 10/12/18^1,14,15		9,300,000		9,291,179
				18,687,436

IT Services—0.4%
Western Union Co., 2.252%, 10/2/18^1,14,15		8,300,000		8,297,809

27 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Leasing & Factoring—0.8%
Harley-Davidson Financial Services, Inc., 2.472%, 12/5/18^14,15	$	6,200,000	$	6,170,441
Hitachi Capital America Corp., 2.365%, 10/4/18¹⁵		9,400,000		9,396,205
				15,566,646

Machinery—0.6%
Snap-on, Inc., 2.291%, 10/1/18^1,14,15		9,300,000		9,298,163
Xylem, Inc., 2.224%, 10/11/18^14,15		4,100,000		4,096,398
				13,394,561

Media—0.2%
WPP CP LLC, 2.457%, 10/4/18^1,14,15		4,100,000		4,098,367

Metals & Mining—0.2%
Glencore Funding LLC, 2.597%, 10/15/18^14,15		4,200,000		4,195,145

Paper, Containers & Packaging—0.5%
Avery Dennison, 2.36%, 11/5/18^14,15		9,400,000		9,375,750

Personal Products—0.5%
Reckitt Benckiser Treasury Services plc, 2.244%, 10/2/18^14,15		9,400,000		9,397,736

Specialty Retail—0.5%
Relx, Inc., 2.254%, 10/9/18^1,14,15		9,400,000		9,393,050

Telephone Utilities—0.9%
Bell Canada, Inc., 2.567%, 12/10/18^14,15		9,400,000		9,351,966
Telus Corp., 2.658%, 12/27/18^1,15		9,350,000		9,289,108
				18,641,074

Textiles, Apparel & Luxury Goods—0.4%
VF Corp., 2.349%, 10/3/18^1,14,15		8,300,000		8,297,210

Water Utilities—0.4%
American Water Capital Corp., 2.271%, 10/5/18^14,15		9,300,000		9,295,615
Total Short-Term Notes (Cost $312,009,891)				311,948,076

	Shares
Investment Company—1.8%
Oppenheimer Institutional Government Money Market Fund, Cl. E, 1.95%^16,17 (Cost $38,116,242)		38,116,242		38,116,242
Total Investments, at Value (Cost $2,634,884,237)		125.4%		2,611,448,895
Net Other Assets (Liabilities)		(25.4)		(528,614,046	)
Net Assets		100.0%	$	2,082,834,849

Footnotes to Statement of Investments

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 $627,632,868 or 30.13% of the Fund’s net assets at period end.

2. Represents the current interest rate for a variable or increasing rate security, determined as [Referenced Rate + Basis-point spread].

28 OPPENHEIMER TOTAL RETURN BOND FUND

Footnotes to Statement of Investments (Continued)

3. Interest-Only Strips represent the right to receive the monthly interest payments on an underlying pool of mortgage loans. 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-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 $21,555,532 or 1.03% of the Fund’s net assets at period end.

4. Interest rate is less than 0.0005%.

5. 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 $76,753 or less than 0.005% of the Fund’s net assets at period end.

6. All or a portion of the security position is when-issued or delayed delivery to be delivered and settled after period end. See Note 3 of the accompanying Notes.

7. Restricted security. The aggregate value of restricted securities at period end was $2,779,119, which represents 0.13% of the Fund’s net assets. See Note 3 of the accompanying Notes. Information concerning restricted securities is as follows:


Security	Acquisition Dates		Cost		Value		Unrealized Appreciation/ (Depreciation)
Capital Lease Funding Securitization LP, Interest-Only Commercial Mtg. Pass-Through Certificates, Series 1997-CTL1, Cl. IO, 0.00%, 6/22/24		4/21/97	$	140,732	$	1,649	$ (139,083)
Lloyds Banking Group plc, 6.657% [US0003M+127] Jr. Sub. Perpetual Bonds		6/20/14- 10/24/14		3,040,840		2,777,470	(263,370)
			$	3,181,572	$	2,779,119	$ (402,453)

8. The value of this security was determined using significant unobservable inputs. See Note 2 of the accompanying Notes.

9. This interest rate resets periodically. Interest rate shown reflects the rate in effect at period end. The rate on this variable rate security is not based on a published reference rate and spread but is determined by the issuer or agent based on current market conditions.

10. All or a portion of the security position is held in accounts at a futures clearing merchant and pledged to cover margin requirements on open futures contracts and written options on futures, if applicable. The aggregate market value of such securities is $2,279,080. See Note 5 of the accompanying Notes.

11. All or a portion of the security position has been pledged for collateral in association with forward roll transactions. See Note 3 of the accompanying Notes.

12. This bond has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.

13. Represents securities sold under Regulation S, which are exempt from registration under the Securities Act of 1933, as amended. These securities may not be offered or sold in the United States without and exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. These securities amount to $5,901,006 or 0.28% of the Fund’s net assets at period end.

14. Security issued in an exempt transaction without registration under the Securities Act of 1933. Such securities amount to $261,019,569 or 12.53% of the Fund’s net assets, and have been determined to be liquid pursuant to guidelines adopted by the Board of Trustees.

15. Current yield as of period end.

16. Rate shown is the 7-day yield at period end.

29 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued

Footnotes to Statement of Investments (Continued)

17. Is or was an affiliate, as defined in the Investment Company Act of 1940, as amended, at or during the reporting period, 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 reporting period in which the issuer was an affiliate are as follows:


	Shares December 31, 2017		Gross Additions		Gross Reductions		Shares September 30, 2018
Investment Company
Oppenheimer Institutional Government Money Market Fund, Cl. E		40,200,770		1,233,121,604		1,235,206,132	38,116,242

	Value		Income		Realized Gain (Loss)		Change in Unrealized Gain (Loss)
Investment Company
Oppenheimer Institutional Government Money Market Fund, Cl. E	$	38,116,242	$	553,481	$	—	$ —

Futures Contracts as of September 30, 2018

Description

Buy/Sell

Expiration
Date

Number
of Contracts

Notional Amount

(000’s)

Value

Unrealized
Appreciation/
(Depreciation)

United States Treasury Long Bonds

Buy

12/19/18

418

USD 59,274

58,729,000

$ (544,938)

United States Treasury Nts., 10 yr.

Sell

12/19/18

832

USD 100,113

98,826,000

1,287,338

United States Treasury Nts., 2 yr.

Sell

12/31/18

4,656

USD 983,633

981,179,255

2,453,731

United States Treasury Nts., 5 yr.

Sell

12/31/18

982

USD 111,284

110,451,985

831,949

United States Ultra Bonds

Buy

12/19/18

906

USD 144,971

139,778,813

(5,191,897)

$ (1,163,817)

Over-the-Counter Total Return Swaps at September 30, 2018

Reference Asset

Counter-
party

Pay/Receive
Total
Return*

Floating Rate

Maturity
Date

Notional
Amount

(000’s)

Value

Unrealized
Appreciation/

(Depreciation)

IBOXX USD Liquid Investment Grade Series 1 Version 1

JPM

Pay

Three-Month USD
BBA LIBOR

12/27/18

USD 1,000

$ (2,089

)

$ (2,089)

30 OPPENHEIMER TOTAL RETURN BOND FUND

* Fund will pay or receive the total return of the reference asset depending on whether the return is positive or negative. For contracts where the Fund has elected to receive the total return of the reference asset if positive, it will be responsible for paying the floating rate and the total return of the reference asset if negative. If the Fund has elected to pay the total return of the reference asset if positive, it will receive the floating rate and the total return of the reference asset if negative.

Glossary:

Counterparty Abbreviations


JPM		JPMorgan Chase Bank NA

Definitions


BBA LIBOR		British Bankers’ Association London - Interbank Offered Rate
ICE LIBOR		Intercontinental Exchange London Interbank Offered Rate
H15T1Y		US Treasury Yield Curve Rate T Note Constant Maturity 1 Year
LIBOR01M		ICE LIBOR USD 1 Month
US0001M		ICE LIBOR USD 1 Month
US0003M		ICE LIBOR USD 3 Month
USISDA05		USD ICE Swap Rate 11:00am NY 5 Year
USSW5		USD Swap Semi 30/360 5 Year

31 OPPENHEIMER TOTAL RETURN BOND FUND

NOTES TO STATEMENT OF INVESTMENTS September 30, 2018 Unaudited

1. Organization

Oppenheimer Total Return Bond Fund (the “Fund”), is a separate fund of Oppenheimer Integrity Funds, a diversified open-end management investment company registered under the Investment Company Act of 1940 (“1940 Act”), as amended. The Fund’s investment objective is to seek total return. The Fund’s investment adviser is OFI Global Asset Management, Inc. (“OFI Global” or the “Manager”), a wholly-owned subsidiary of OppenheimerFunds, Inc. (“OFI” or the “Sub-Adviser”). The Manager has entered into a sub-advisory agreement with OFI.

2. Securities Valuation

The Fund calculates the net asset value of its shares as of 4:00 P.M. Eastern Time, on each day the New York Stock Exchange (the “Exchange”) is open for trading, except in the case of a scheduled early closing of the Exchange, in which case the Fund will calculate net asset value of the shares as of the scheduled early closing time of the Exchange.

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 least quarterly or more frequently, if necessary.

Valuation Methods and Inputs

Securities are valued primarily using unadjusted quoted market prices, when available, as supplied by third party pricing services or broker-dealers.

The following methodologies are used to determine the market value or the fair value of the types of securities described below:

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, short-term notes, 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. Pricing services generally price debt securities assuming orderly transactions of an institutional “round lot” size, but some trades may occur in smaller, “odd lot” sizes, sometimes at lower prices than institutional round lot trades. Standard inputs generally considered by third-party pricing vendors include reported trade data, broker-dealer price quotations, benchmark yields, issuer spreads on comparable securities, the credit quality, yield, maturity, as well as other appropriate factors.

32 OPPENHEIMER TOTAL RETURN BOND FUND

2. Securities Valuation (Continued)

to the underlying reference asset such as the price of financial instruments, stock market indices, foreign currencies, interest rate spreads, commodities, credit spreads, credit event probabilities, index values, individual security values, forward interest rates, variable interest rates, volatility measures, and forward currency rates, or the occurrence of other specific events.

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.

Securities for which market quotations are not readily available, or when a significant event has occurred that would materially affect the value of the security, are fair valued either (i) by a standardized fair 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. Those standardized fair valuation 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 regularly compares prior day prices 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 may be 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

33 OPPENHEIMER TOTAL RETURN BOND FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

2. Securities Valuation (Continued)

(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 Fund classifies each of its investments in investment companies which are publicly offered as Level 1. Investment companies that are not publicly offered, if any, are classified as Level 2 in the fair value hierarchy.

The table below categorizes amounts at period end 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	$	—		$	341,967,386		$	—	$	341,967,386
Mortgage-Backed Obligations		—			878,050,388			15,214		878,065,602
U.S. Government Obligation		—			7,431,351			—		7,431,351
Corporate Bonds and Notes		—			1,033,920,238			—		1,033,920,238
Short-Term Notes		—			311,948,076			—		311,948,076
Investment Company		38,116,242			—			—		38,116,242

Total Investments, at Value		38,116,242			2,573,317,439			15,214		2,611,448,895
Other Financial Instruments:
Futures contracts		4,573,018			—			—		4,573,018

Total Assets	$	42,689,260		$	2,573,317,439		$	15,214	$	2,616,021,913

Other Financial Instruments:
Swaps, at value		—			(2,089	)		—		(2,089)
Futures contracts		(5,736,835	)		—			—		(5,736,835)

Total Liabilities	$	(5,736,835	)	$	(2,089	)	$	—	$	(5,738,924)

Forward currency exchange contracts and futures contracts, if any, are reported at their unrealized appreciation/depreciation at measurement date, which represents the change in the contract’s value from trade date. All additional assets and liabilities included in the above table are reported at their market value at measurement date.

The table below shows the transfers between Level 2 and Level 3. The Fund’s policy is to recognize transfers in and transfers out as of the beginning of the reporting period.

34 OPPENHEIMER TOTAL RETURN BOND FUND

2. Securities Valuation (Continued)

* Transferred from Level 3 to Level 2 due to the availability of market data for this security.

3. Investments and Risks

Investments in Affiliated Funds. The Fund is permitted to invest in other mutual funds advised by the Manager (“Affiliated Funds”). Affiliated Funds are open-end management investment companies registered under the 1940 Act, as amended. The Manager is the investment adviser of, and the Sub-Adviser provides investment and related advisory services to, the Affiliated Funds. When applicable, the Fund’s investments in Affiliated Funds are included in the Statement of Investments. Shares of Affiliated Funds are valued at their net asset value per share. As a shareholder, the Fund is subject to its proportional share of the Affiliated Funds’ expenses, including their 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 the Affiliated Funds.

Each of the Affiliated Funds in which the Fund invests has its own investment risks, and those risks can affect the value of the Fund’s investments and therefore the value of the Fund’s shares. To the extent that the Fund invests more of its assets in one Affiliated Fund than in another, the Fund will have greater exposure to the risks of that Affiliated Fund.

Investments in Money Market Instruments. The Fund is permitted to invest its free cash balances in money market instruments to provide liquidity or for defensive purposes. The Fund may invest in money market instruments by investing in Class E shares of Oppenheimer Institutional Government Money Market Fund (“IGMMF”), which is an Affiliated Fund. IGMMF is regulated as a money market fund under the 1940 Act, as amended. The Fund may also invest in money market instruments directly or in other affiliated or unaffiliated money market funds.

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

35 OPPENHEIMER TOTAL RETURN BOND FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

3. Investments and Risks (Continued)

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.

At period end, 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		$650,954,337
Sold securities		118,904,421

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.

At period end, the Fund pledged $3,676,744 of collateral to the counterparty for forward roll transactions.

36 OPPENHEIMER TOTAL RETURN BOND FUND

3. Investments and Risks (Continued)

restricted are marked with an applicable footnote on the Statement of Investments. Restricted securities are reported on a schedule following the Statement of Investments.

4. Market Risk Factors

The Fund’s investments in securities and/or financial derivatives may expose the Fund to various 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 of debt to meet interest and principal payments, or both, as they come due. In general, lower-grade, higher-yield debt securities are subject to credit risk to a greater extent than lower-yield, higher-quality securities.

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.

5. Use of Derivatives

37 OPPENHEIMER TOTAL RETURN BOND FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

5. Use of Derivatives (Continued)

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. Such contracts may be entered into through a bilateral over-the-counter (“OTC”) transaction, or through a securities or futures exchange and cleared through a clearinghouse.

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 due to changes in the market risk factors and the overall market. 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. 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. Some derivatives have the potential for unlimited loss, regardless of the size of the Fund’s initial investment.

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.

The Fund’s actual exposures to these market risk factors and associated risks during the period are discussed in further detail, by derivative type, below.

Futures Contracts

A futures contract is a commitment to buy or sell a specific amount of a commodity, 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 and options thereon are generally entered into on a regulated futures exchange and cleared through a clearinghouse associated with the exchange.

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 in an account registered in the futures commission merchant’s name. Subsequent payments (variation margin) are paid to or from the futures commission merchant each day equal to the daily changes in the contract value. Such payments are recorded as unrealized gains and losses. Should the Fund fail to make requested variation margin payments, the futures commission merchant can gain access to the initial margin to satisfy the Fund’s payment obligations.

38 OPPENHEIMER TOTAL RETURN BOND FUND

5. Use of Derivatives (Continued)

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 may purchase and/or sell financial futures contracts and options on futures contracts to gain exposure to, or decrease exposure to interest rate risk, equity risk, foreign exchange rate risk, volatility risk, or commodity risk.

During the reporting period, the Fund had an ending monthly average market value of $179,698,806 and $819,543,509 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.

Swap Contracts

The Fund may enter into swap contract agreements with a counterparty to exchange a series of cash flows based on either specified reference rates, the price or volatility of asset or non-asset references, or the occurrence of a credit event, over a specified period. Swaps can be executed in a bi-lateral privately negotiated arrangement with a dealer in an OTC transaction (“OTC swaps”) or executed on a regulated market. Certain swaps, regardless of the venue of their execution, are required to be cleared through a clearinghouse (“centrally cleared swaps”). Swap contracts may include interest rate, equity, debt, index, total return, credit default, currency, and volatility swaps.

Swap contracts are reported on a schedule following the Statement of Investments. The values of centrally cleared swap and OTC swap contracts are aggregated by positive and negative values and disclosed separately on the Statement of Assets and Liabilities in the annual and semiannual reports. The unrealized appreciation (depreciation) related to the change in the valuation of the notional amount of the swap is combined with the accrued interest due to (owed by) the Fund, if any, at termination or settlement. The net change in this amount during the period is included on the Statement of Operations in the annual and semiannual reports. The Fund also records any periodic payments received from (paid to) the counterparty, including at termination, under such contracts as realized gain (loss) on the Statement of Operations in the annual and semiannual reports.

Swap contract agreements are exposed to the market risk factor of the specific underlying reference rate or asset. Swap contracts are typically more attractively priced compared to similar investments in related cash securities because they isolate the risk to one market risk factor and eliminate the other market risk factors. Investments in cash securities (for instance bonds) have exposure to multiple risk factors (credit and interest rate risk). Because swaps have embedded leverage, they can expose the Fund to substantial risk in the isolated market risk factor.

Credit Default Swap Contracts. A credit default swap is a contract that enables an

39 OPPENHEIMER TOTAL RETURN BOND FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

5. Use of Derivatives (Continued)

investor to buy or sell protection against a defined-issuer credit event, such as the issuer’s failure to make timely payments of interest or principal on a debt security, bankruptcy or restructuring. The Fund may enter into credit default swaps either by buying or selling protection on a corporate issuer, sovereign issuer, or a basket or index of issuers (the “reference asset”).

The buyer of protection pays a periodic fee to the seller of protection based on the notional amount of the swap contract. The seller of protection agrees to compensate the buyer of protection for future potential losses as a result of a credit event on the reference asset. The contract effectively transfers the credit event risk of the reference asset from the buyer of protection to the seller of protection.

The ongoing value of the contract will fluctuate throughout the term of the contract based primarily on the credit risk of the reference asset. If the credit quality of the reference asset improves relative to the credit quality at contract initiation, the buyer of protection may have an unrealized loss greater than the anticipated periodic fee owed. This unrealized loss would be the result of current credit protection being cheaper than the cost of credit protection at contract initiation. If the buyer elects to terminate the contract prior to its maturity, and there has been no credit event, this unrealized loss will become realized. If the contract is held to maturity, and there has been no credit event, the realized loss will be equal to the periodic fee paid over the life of the contract.

If there is a credit event, the buyer of protection can exercise its rights under the contract and receive a payment from the seller of protection equal to the notional amount of the swap less the market value of specified debt securities issued by the reference asset. Upon exercise of the contract the difference between such value and the notional amount is recorded as realized gain (loss) and is included on the Statement of Operations in the annual and semiannual reports.

The Fund may purchase or sell credit protection through credit default swaps to increase or decrease exposure to the credit risk of individual issuers and/or indexes of issuers that are either unavailable or considered to be less attractive in the bond market.

For the reporting period, the Fund had ending monthly average notional amounts of $983,000 on credit default swaps to sell protection.

Additional associated risks to the Fund include counterparty risk and liquidity risk.

At period end, the Fund had no credit default swap agreements outstanding.

Total Return Swap Contracts. A total return swap is an agreement between counterparties to exchange periodic payments based on the value of asset or non-asset references. One cash flow is typically based on a non-asset reference (such as an interest rate) and the other on the total return of a reference asset (such as a security or a basket of securities or securities index). The total return of the reference asset typically includes appreciation or depreciation on the reference asset, plus any interest or dividend payments.

Total return swap contracts are exposed to the market risk factor of the specific underlying financial instrument or index. Total return swaps are less standard in structure than other types of swaps and can isolate and/or include multiple types of market risk factors including equity risk, credit risk, and interest rate risk.

40 OPPENHEIMER TOTAL RETURN BOND FUND

5. Use of Derivatives (Continued)

The Fund may enter into total return swaps to increase or decrease exposure to the credit risk of various indexes or basket of securities. These credit risk related total return swaps require the Fund to pay to, or receive payments from, the counterparty based on the movement of credit spreads of the related indexes or securities.

The Fund may enter into total return swaps on various commodity indexes to increase or decrease exposure to commodity risk. These commodity risk related total return swaps require the Fund to pay or receive a fixed or a floating reference interest rate, and an amount equal to the opposite price movement of an index (expressed as a percentage) multiplied by the notional amount of the contract. The Fund will receive payments equal to the positive price movement of the same index (expressed as a percentage) multiplied by the notional amount of the contract. The Fund will receive payments of a fixed or a floating reference interest rate and an amount equal to the negative price movement of the same index (expressed as a percentage) multiplied by the notional amount of the contract.

For the reporting period, the Fund had ending monthly average notional amounts of $200,000 on total return swaps which are short the reference asset, respectively.

Additional associated risks to the Fund include counterparty credit risk and liquidity risk.

Swaption Transactions

The Fund may enter into a swaption contract which grants the purchaser the right, but not the obligation, to enter into a swap transaction at preset terms detailed in the underlying agreement within a specified period of time. The purchaser pays a premium to the swaption writer who bears the risk of unfavorable changes in the preset terms on the underlying swap.

Purchased swaptions are reported as a component of investments in the Statement of Investments and the Statement of Assets and Liabilities in the annual and semiannual reports. Written swaptions are reported on a schedule following the Statement of Investments and their value is reported as a separate asset or liability line item in the Statement of Assets and Liabilities in the annual and semiannual reports. The net change in unrealized appreciation or depreciation on written swaptions is separately reported in the Statement of Operations in the annual and semiannual reports. When a swaption is exercised, the cost of the swap is adjusted by the amount of premium paid or received. Upon the expiration or closing of an unexercised swaption contract, a gain or loss is reported in the Statement of Operations in the annual and semiannual reports for the amount of the premium paid or received.

The Fund generally will incur a greater risk when it writes a swaption than when it purchases a swaption. When the Fund writes a swaption it will become obligated, upon exercise of the swaption, according to the terms of the underlying agreement. Swaption contracts written by the Fund do not give rise to counterparty credit risk prior to exercise as they obligate the Fund, not its counterparty, to perform. When the Fund purchases a swaption it only risks losing the amount of the premium it paid if the swaption expires unexercised. However, when the Fund exercises a purchased swaption there is a risk that the counterparty will fail to perform or otherwise default on its obligations under the swaption contract.

At period end, the Fund had no purchased swaption contracts outstanding.

The Fund may write swaptions which give it the obligation, if exercised by the purchaser,

41 OPPENHEIMER TOTAL RETURN BOND FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

5. Use of Derivatives (Continued)

to sell or buy credit protection through credit default swaps in order to increase or decrease exposure to the credit risk of individual issuers and/or indexes of issuers. A written swaption selling protection becomes more valuable as the likelihood of a credit event on the reference asset decreases. A written swaption buying protection becomes more valuable as the likelihood of a credit event on the reference asset increases.

During the reporting period, the Fund had an ending monthly average market value of $24,236 and $10,892 on purchased and written swaptions, respectively.

At period end, the Fund had no written swaption contracts outstanding.

Counterparty Credit Risk. Derivative positions are subject to the risk that the counterparty will not fulfill its obligation to the Fund. The Fund intends to enter into derivative transactions with counterparties that the Manager believes to be creditworthy at the time of the transaction.

The Fund’s risk of loss from counterparty credit risk on OTC derivatives is generally limited to the aggregate unrealized gain netted against any collateral held by the Fund. For OTC options purchased, the Fund bears the risk of loss of the amount of the premiums paid plus the positive change in market values net of any collateral held by the Fund should the counterparty fail to perform under the contracts. Options written by the Fund do not typically give rise to counterparty credit risk, as options written generally obligate the Fund and not the counterparty to perform.

To reduce counterparty risk with respect to OTC transactions, the Fund has entered into master netting arrangements, established within the Fund’s International Swap and Derivatives Association, Inc. (“ISDA”) master agreements, which allow the Fund to make (or to have an entitlement to receive) a single net payment in the event of default (close-out netting) for outstanding payables and receivables with respect to certain OTC positions in swaps, options, swaptions, and forward currency exchange contracts for each individual counterparty. In addition, the Fund may require that certain counterparties post cash and/or securities in collateral accounts to cover their net payment obligations for those derivative contracts subject to ISDA master agreements. If the counterparty fails to perform under these contracts and agreements, the cash and/or securities will be made available to the Fund.

ISDA master agreements include credit related contingent features which allow counterparties to OTC derivatives to terminate derivative contracts prior to maturity in the event that, for example, the Fund’s net assets decline by a stated percentage or the Fund fails to meet the terms of its ISDA master agreements, which would cause the Fund to accelerate payment of any net liability owed to the counterparty.

For financial reporting purposes, the Fund does not offset derivative assets and derivative liabilities that are subject to netting arrangements in the Statement of Assets and Liabilities in the annual and semiannual reports. Bankruptcy or insolvency laws of a particular jurisdiction may impose restrictions on or prohibitions against the right of offset in bankruptcy, insolvency or other events.

The Fund’s risk of loss from counterparty credit risk on exchange-traded derivatives cleared through a clearinghouse and for centrally cleared swaps is generally considered lower than

42 OPPENHEIMER TOTAL RETURN BOND FUND

5. Use of Derivatives (Continued)

as compared to OTC derivatives. However, counterparty credit risk exists with respect to initial and variation margin deposited/paid by the Fund that is held in futures commission merchant, broker and/or clearinghouse accounts for such exchange-traded derivatives and for centrally cleared swaps.

With respect to centrally cleared swaps, such transactions will be submitted for clearing, and if cleared, will be held in accounts at futures commission merchants or brokers that are members of clearinghouses. While brokers, futures commission merchants and clearinghouses are required to segregate customer margin from their own assets, in the event that a broker, futures commission merchant or clearinghouse becomes insolvent or goes into bankruptcy and at that time there is a shortfall in the aggregate amount of margin held by the broker, futures commission merchant or clearinghouse for all its customers, U.S. bankruptcy laws will typically allocate that shortfall on a pro-rata basis across all the broker’s, futures commission merchant’s or clearinghouse’s customers, potentially resulting in losses to the Fund.

There is the risk that a broker, futures commission merchant or clearinghouse will decline to clear a transaction on the Fund’s behalf, and the Fund may be required to pay a termination fee to the executing broker with whom the Fund initially enters into the transaction. Clearinghouses may also be permitted to terminate centrally cleared swaps at any time. The Fund is also subject to the risk that the broker or futures commission merchant will improperly use the Fund’s assets deposited/paid as initial or variation margin to satisfy payment obligations of another customer. In the event of a default by another customer of the broker or futures commission merchant, the Fund might not receive its variation margin payments from the clearinghouse, due to the manner in which variation margin payments are aggregated for all customers of the broker/futures commission merchant.

Collateral and margin requirements differ by type of derivative. Margin requirements are established by the broker, futures commission merchant or clearinghouse for exchange-traded and cleared derivatives, including centrally cleared swaps. Brokers, futures commission merchants and clearinghouses can ask for margin in excess of the regulatory minimum, or increase the margin amount, in certain circumstances.

Collateral terms are contract specific for OTC derivatives. For derivatives traded under an ISDA master agreement, the collateral requirements are typically calculated by netting the mark to market amount for each transaction under such agreement and comparing that amount to the value of any collateral currently pledged by the Fund or the counterparty.

For financial reporting purposes, cash collateral that has been pledged to cover obligations of the Fund, if any, is reported separately on the Statement of Assets and Liabilities in the annual and semiannual reports as cash pledged as collateral. Non-cash collateral pledged by the Fund, if any, is noted in the Statement of Investments. Generally, the amount of collateral due from or to a party must exceed a minimum transfer amount threshold (e.g., $250,000) before a transfer has to be made. To the extent amounts due to the Fund from its counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from counterparty nonperformance.

43 OPPENHEIMER TOTAL RETURN BOND FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

6. Subsequent Event

On October 18, 2018, Massachusetts Mutual Life Insurance Company (“MassMutual”), an indirect corporate parent of the Sub-Adviser and the Manager announced that it has entered into a definitive agreement, whereby Invesco Ltd. (“Invesco”), a global investment management company, will acquire the Sub-Adviser. As of the time of the announcement, the transaction is expected to close in the second quarter of 2019, pending necessary regulatory and other third-party approvals. This is subject to change.

44 OPPENHEIMER TOTAL RETURN BOND FUND

STATEMENT OF INVESTMENTS September 30, 2018 Unaudited


		Principal Amount		Value
Foreign Government Obligations—11.7%
Brazil—4.3%
Federative Republic of Brazil, 10.00% Unsec. Nts., 1/1/25	BRL		1,800,000	$	420,169

Greece—1.0%
Hellenic Republic, 4.00% Bonds, 1/30/37¹	EUR		100,000		101,580

Mexico—4.1%
United Mexican States, Series M, 5.75% Bonds, 3/5/26	MXN		8,500,000		401,064

South Africa—2.3%
Republic of South Africa, Series 2037, 8.50% Bonds, 1/31/37	ZAR		3,500,000		220,451
Total Foreign Government Obligations (Cost $1,248,287)					1,143,264

Corporate Bonds and Notes—34.2%
Financials—34.2%
Capital Markets—2.2%
Credit Suisse Group AG, 7.50% [USSW5+459.8] Jr. Sub. Perpetual Bonds^1,2,3			200,000		210,996

Commercial Banks—20.7%
Banco Bilbao Vizcaya Argentaria SA, 8.875% [EUSA5+917.7] Jr. Sub. Perpetual Bonds^1,2,3	EUR		200,000		260,075
Banco Santander SA, 6.75% [EUSA5+680.3] Jr. Sub. Perpetual Bonds^1,2,3	EUR		200,000		250,778
BNP Paribas SA:
6.75% [USSW5+491.6] Jr. Sub. Perpetual Bonds^2,3,4			200,000		202,500
7.625% [USSW5+631.4] Jr. Sub. Perpetual Bonds^2,3,4			200,000		210,500
Caixa Geral de Depositos SA, 5.75% [EUSA5+550] Sub. Nts., 6/28/28^1,2	EUR		200,000		245,016
CaixaBank SA, 6.75% [EUSA5+649.8] Jr. Sub. Perpetual Bonds^1,2,3	EUR		200,000		251,285
Credit Agricole SA, 8.125% [USSW5+618.5] Jr. Sub. Perpetual Bonds^2,3,4			200,000		220,497
Dresdner Funding Trust I, 8.151% Jr. Sub. Nts., 6/30/31⁴			100,000		123,800
Societe Generale SA, 7.375% [USSW5+623.8] Jr. Sub. Perpetual Bonds^2,3,4			200,000		206,750
Standard Chartered plc, 7.014% [US0003M+146] Jr. Sub. Perpetual Bonds^2,3,4			40,000		41,600
					2,012,801

Diversified Financial Services—11.3%
Rural Electrification Corp. Ltd., 8.36% Sr. Unsec. Nts., 9/22/20INR			80,000,000		1,102,584
Total Corporate Bonds and Notes (Cost $3,460,120)					3,326,381

Short-Term Notes—2.0%
Arab Republic of Egypt Treasury Bills, 18.746%, 12/18/18⁵	EGP		2,500,000		134,858
Argentine Republic Treasury Bills, 4.34%, 11/30/18⁵	ARS		2,600,000		63,441
Total Short-Term Notes (Cost $220,609)					198,299

1 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued

Exercise
Price

Expiration
Date

Notional
Amount
(000’s)

Contracts
(000’s)

Value

Exchange-Traded Options Purchased—0.2%

USD

S&P 500 Index Put⁶

USD

2,623.381

7/31/19

USD 545

⁷

12,382

USD

S&P 500 Index Put⁶

USD

2,607.210

7/19/19

USD 533

⁷

11,243

Total Exchange-Traded Options Purchased (Cost $34,690)

23,625

Counter-
party

Exercise
Price

Expiration
Date

Notional
Amount
(000’s)

Over-the-Counter Options Purchased—0.1%

BRL

BRL Currency Call⁶

JPM

BRL

3.150

5/24/19

BRL 10

318

BRL

BRL Currency Call⁶

JPM

BRL

3.753

8/22/19

BRL 900,600

1,876

10,029

BRL

BRL Currency Call⁶

JPM

BRL

3.200

4/25/19

BRL 482,560

2,560

1,011

BRL

BRL Currency Call⁶

GSCO-OT

BRL

3.200

4/25/19

BRL 1,600

1,600

632

Total Over-the-Counter Options Purchased (Cost $29,218)

11,990

Counter

-party

Pay/Receive
Floating
Rate

Floating
Rate

Fixed
Rate

Expiration
Date

Notional
Amount
(000’s)

Over-the-Counter Interest Rate Swaption Purchased—0.2%

Interest Rate Swap maturing 6/29/48 Call⁶(Cost $23,021)

JPM

Receive

Six-Month
EUR-
EURIBOR-
Reuters

2.500

6/27/23

EUR
433

20,394


	Shares
Investment Companies—55.6%
iShares JP Morgan USD Emerging Markets Bond Exchange Traded Fund		13,720		1,479,153
Oppenheimer Institutional Government Money Market Fund, Cl. E, 1.95%^8,9		598,856		598,856
Oppenheimer Limited-Term Bond Fund, Cl. I⁸		745,835		3,333,883
Total Investment Companies (Cost $5,441,572)				5,411,892
Total Investments, at Value (Cost $10,457,517)		104.0%		10,135,845
Net Other Assets (Liabilities)		(4.0)		(393,628	)
Net Assets		100.0%	$	9,742,217

2 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

Footnotes to Statement of Investments

1. Represents securities sold under Regulation S, which are exempt from registration under the Securities Act of 1933, as amended. These securities may not be offered or sold in the United States without and exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. These securities amount to $1,319,730 or 13.55% of the Fund’s net assets at period end.

2. Represents the current interest rate for a variable or increasing rate security, determined as [Referenced Rate + Basis-point spread].

3. This bond has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.

4. 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 $1,005,647 or 10.32% of the Fund’s net assets at period end.

5. Zero coupon bond reflects effective yield on the original acquisition date.

6. Non-income producing security.

7. Number of contracts are less than 500.

8. Is or was an affiliate, as defined in the Investment Company Act of 1940, as amended, at or during the reporting period, 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 reporting period in which the issuer was an affiliate are as follows:


	Shares January 26, 2018 (Commencement of Operations)		Gross Additions		Gross Reductions			Shares September 30, 2018
Investment Company
Oppenheimer Institutional Government Money Market Fund, Cl. E		—		16,879,628		16,280,772			598,856
Oppenheimer Limited-Term Bond Fund, Cl. I		—		1,210,035		464,200			745,835
Oppenheimer Senior Floating Rate, Cl. I		—		61,650		61,650			—
Oppenheimer Ultra-Short Duration Fund, Cl. Y		—		735,454		735,454			—
	Value		Income		Realized Gain (Loss)			Change in Unrealized Gain (Loss)
Investment Company
Oppenheimer Institutional Government Money Market Fund, Cl. E	$	598,856	$	6,281	$	—		$	—
Oppenheimer Limited-Term Bond Fund, Cl. I		3,333,883		50,801		(16,248	)		(3,706)
Oppenheimer Senior Floating Rate, Cl. I		—		1,257		617			—
Oppenheimer Ultra-Short Duration Fund, Cl. Y		—		10,906		(4,848	)		—

Total	$	3,932,739	$	69,245	$	(20,479	)	$	(3,706)

9. Rate shown is the 7-day yield at period end.

3 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued

Footnotes to Statement of Investments (Continued)

Distribution of investments representing geographic holdings, as a percentage of total investments at value, is as follows:


Geographic Holdings	Value		Percent
United States	$	5,435,517		53.6%
India		1,102,584		10.9
France		840,247		8.3
Spain		762,138		7.5
Brazil		432,159		4.3
Mexico		401,063		4.0
Portugal		245,016		2.4
South Africa		220,451		2.2
Switzerland		210,996		2.1
Egypt		134,858		1.3
Germany		123,800		1.2
Greece		101,580		1.0
Argentina		63,442		0.6
United Kingdom		41,600		0.4
Eurozone		20,394		0.2

Total	$	10,135,845		100.0%


Forward Currency Exchange Contracts as of September 30, 2018
Counter -party	Settlement Month(s)		Currency Purchased (000’s)				Currency Sold (000’s)		Unrealized Appreciation		Unrealized Depreciation
BAC		12/2018		COP	588,000	USD		189	$	8,916	$	—
BAC		12/2018		PLN	720	USD		194		1,431		—
BAC		12/2018		USD	247	MXN		4,720		—		2,317
BOA		02/2019		CAD	130	USD		99		1,710		—
BOA		02/2019		EUR	370	USD		435		81		—
BOA		12/2018		INR	13,400	USD		183		—		1,057
BOA		02/2019		USD	1,827	EUR		1,583		44		33,112
BOA		12/2018		USD	1,137	INR		83,000		6,546		—
CITNA-B		02/2019		AUD	130	USD		95		—		558
CITNA-B		10/2018 - 11/2018		BRL	2,500	USD		615		3,765		—
CITNA-B		12/2018		CLP	65,000	USD		93		5,913		—
CITNA-B		10/2018 - 11/2018		USD	993	BRL		4,070		—		13,046
CITNA-B		12/2018		USD	24	TRY		160		—		1,088
CITNA-B		12/2018		USD	210	ZAR		3,160		—		10,863
CITNA-B		12/2018		ZAR	1,130	USD		75		3,885		—
DEU		02/2019		EUR	670	USD		787		126		—
DEU		02/2019		GBP	110	USD		146		—		1,715
DEU		02/2019		USD	817	EUR		695		543		252
DEU		02/2019		USD	141	GBP		110		—		3,220
GSCO-OT		02/2019 - 04/2019		BRL	1,343	USD		375		—		48,066
GSCO-OT		02/2019		USD	225	BRL		805		28,354		—
GSCO-OT		02/2019		USD	101	CAD		130		72		124
GSCO-OT		12/2018		USD	161	MXN		3,080		—		1,351
JPM		10/2018		IDR	1,390,000	USD		93		—		45
JPM		12/2018		RUB	18,650	USD		269		13,719		—
JPM		10/2018		UAH	1,410	USD		50		—		737
JPM		04/2019 - 08/2019		USD	350	BRL		1,379		19,316		842
JPM		10/2018 - 12/2018		USD	174	TRY		1,159		—		10,648

4 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

Forward Currency Exchange Contracts (Continued)

Counter

-party

Settlement
Month(s)

Currency
Purchased (000’s)

Currency Sold
(000’s)

Unrealized
Appreciation

Unrealized
Depreciation

JPM

10/2018

USD

UAH

1,410

1,909

—

Total Unrealized Appreciation and Depreciation

96,330

129,041

Exchange-Traded Options Written at September 30, 2018

Description

Exercise
Price

Expiration
Date

Number of
Contracts
(000’s)

Notional
Amount
(000’s)

Premiums
Received

Value

S&P 500 Index Put

USD
2,256.672

7/31/19

USD (0)

USD 545

7,665

(5,055)

S&P 500 Index Put

USD
2,242.760

7/19/19

USD (0)

USD 533

7,003

(4,520)

Total Exchange-Traded Options Written

14,668

(9,575)

1. Number of contracts are less than 500.

Over-the-Counter Options Written at September 30, 2018

Description

Counter
-party

Exercise

Price

Expiration
Date

Number of
Contracts
(000’s)

Notional
Amount

(000’s)

Premiums

Received

Value

BRL

BRL Currency Put

JPM

5.150

8/22/19

(2,575)

BRL 1,236,000

11,462

$ (10,068)

IDR

IDR Currency Put

GSCO-OT

15000.000

7/10/19

(5,250,000)

IDR 3,005,250,000

12,775

(21,000)

SEK

SEK Currency Put

CITNA-B

8.802

10/23/18

(3,491)

SEK 3,491

7,418

(5,250)

TRY

TRY Currency Put

JPM

5.164

10/15/18

(1,549)

TRY 337,209

9,854

(46,016)

Total Over-the-Counter Options Written

41,509

$ (82,334)

Over-the-Counter Credit Default Swaps at September 30, 2018

Reference
Asset

Counter-
party

Buy/Sell
Protection

Fixed
Rate

Maturity
Date

Notional
Amount
(000’s)

Premiums
Received/
(Paid)

Value

Unrealized
Appreciation/
(Depreciation)

Hellenic Republic

Government

BAC

Sell

1.000

6/20/25

USD 1,000

166,370

(162,450

)

3,920

The table that follows shows the undiscounted maximum potential payment by the Fund related to selling credit protection in credit default swaps:

  Type of Reference
  Asset
  on which the Fund
  Sold
  Protection

Total Maximum

Potential Payments

for Selling Credit

Protection

(Undiscounted)

Amount
Recoverable*

Reference

Asset Rating

Range**

Non-Investment Grade

Sovereign Debt

$ 1,000,000

$ —

BB-

Total USD

$ 1,000,000

$ —

5 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

STATEMENT OF INVESTMENTS Unaudited / Continued

* The Fund has no amounts recoverable from related purchased protection. In addition, the Fund has no recourse provisions under the credit derivatives and holds no collateral which can offset or reduce potential payments under a triggering event.

** The period end reference asset security ratings, as rated by any rating organization, are included in the equivalent Standard & Poor’s rating category. The reference asset rating represents the likelihood of a potential credit event on the reference asset which would result in a related payment by the Fund.


Centrally Cleared Interest Rate Swaps at September 30, 2018
Counter-party	Pay/Receive Floating Rate		Floating Rate		Fixed Rate		Maturity Date		Notional Amount (000’s)		Premiums Received / (Paid)		Value			Unrealized Appreciation/ (Depreciation)
BOA		Receive		EUR006M		0.957%		4/11/28		EUR 2,000	$	—	$	(17,152	)	$(17,152)
DEU		Pay		BZDI		9.595		1/2/25		BRL 2,800		—		(37,808	)	(37,808)
GSCOI		Pay		BZDI		11.440		1/2/25		BRL 2,000		—		(3,402	)	(3,402)
JPM		Receive		BZDI		7.880		1/2/20		BRL 7,800		—		4,875		4,875

Total Centrally Cleared Interest Rate Swaps											$	—	$	(53,487	)	$ (53,487)

Over-the-Counter Interest Rate Swaptions Written at September 30, 2018

Description

Counter-
party

Pay/
Receive
Floating
Rate

Floating
Rate

Fixed
Rate

Expiration
Date

Notional Amount
(000’s)

Premiums
Received

Value

Interest Rate Swap maturing 8/16/20 Call

JPM

Pay

Three-
Month
USD-
LIBOR-
BBA

3.010%

7/12/19

USD

25,000

51,250

$(62,298)

Interest Rate Swap maturing 6/30/31 Call

JPM

Pay

Six-
Month
EUR

EURIBOR

Reuters

2.750

6/28/21

EUR

2,200

17,602

(14,351)

Total Over-the-Counter Interest Rate Swaptions Written

68,852

$ (76,649)


Glossary:
Counterparty Abbreviations
BAC		Barclays Bank plc
BOA		Bank of America NA
CITNA-B		Citibank NA
DEU		Deutsche Bank AG
GSCOI		Goldman Sachs International
GSCO-OT		Goldman Sachs Bank USA
JPM		JPMorgan Chase Bank NA

Currency abbreviations indicate amounts reporting in currencies
ARS		Argentine Peso
AUD		Australian Dollar
BRL		Brazilian Real

6 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND


Currency abbreviations indicate amounts reporting in currencies (Continued)
CAD		Canadian Dollar
CLP		Chilean Peso
COP		Colombian Peso
EGP		Egyptian Pounds
EUR		Euro
GBP		British Pound Sterling
IDR		Indonesian Rupiah
INR		Indian Rupee
MXN		Mexican Nuevo Peso
PLN		Polish Zloty
RUB		Russian Ruble
SEK		Swedish Krona
TRY		New Turkish Lira
UAH		Ukraine Hryvnia
ZAR		South African Rand

Definitions
BBA LIBOR		British Bankers’ Association London - Interbank Offered Rate
BZDI		Brazil Interbank Deposit Rate
EUR006M		EURIBOR 6 Month ACT/360
EURIBOR		Euro Interbank Offered Rate
EUSA5		EUR Swap Annual 5 Year
ICE LIBOR		Intercontinental Exchange London Interbank Offered Rate
S&P		Standard & Poor’s
US0003M		ICE LIBOR USD 3 Month
USSW5		USD Swap Semi 30/360 5 Year

7 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

NOTES TO STATEMENT OF INVESTMENTS September 30, 2018 Unaudited

1. Organization

Oppenheimer Global Unconstrained Bond Fund (the “Fund”), a series of Oppenheimer Integrity Funds, a diversified open-end management investment company registered under the Investment Company Act of 1940 (“1940 Act”), as amended. The Fund’s investment objective is to seek total return. The Fund’s investment adviser is OFI Global Asset Management, Inc. (“OFI Global” or the “Manager”), a wholly-owned subsidiary of OppenheimerFunds, Inc. (“OFI” or the “Sub-Adviser”). The Manager has entered into a sub-advisory agreement with OFI. The Fund commenced operations on January 26, 2018.

2. Significant Accounting Policies

Security Valuation. All investments in securities are recorded at their estimated fair value, as described in Note 3.

Foreign Currency Translation. The books and records of the Fund are maintained in U.S. dollars. Any foreign currency amounts are translated into U.S. dollars on the following basis:

(1) Value of investment securities, other assets and liabilities — at the exchange rates prevailing at Market Close as described in Note 3.

(2) Purchases and sales of investment securities, income and expenses — at the rates of exchange prevailing on the respective dates of such transactions.

3. Securities Valuation

Valuation Methods and Inputs

Securities are valued primarily using unadjusted quoted market prices, when available, as supplied by third party pricing services or broker-dealers.

The following methodologies are used to determine the market value or the fair value of the types of securities described below:

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, short-term notes, mortgage-backed securities, collateralized mortgage obligations,

8 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

3. Securities Valuation (Continued)

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. Pricing services generally price debt securities assuming orderly transactions of an institutional “round lot” size, but some trades may occur in smaller, “odd lot” sizes, sometimes at lower prices than institutional round lot trades. Standard inputs generally considered by third-party pricing vendors include reported trade data, broker-dealer price quotations, benchmark yields, issuer spreads on comparable securities, the credit quality, yield, maturity, as well as other appropriate factors.

Structured securities, swaps, swaptions, and other over-the-counter derivatives are valued utilizing evaluated prices obtained from third party pricing services or broker-dealers. Standard inputs generally considered by third-party pricing vendors include market information relevant to the underlying reference asset such as the price of financial instruments, stock market indices, foreign currencies, interest rate spreads, commodities, credit spreads, credit event probabilities, index values, individual security values, forward interest rates, variable interest rates, volatility measures, and forward currency rates, or the occurrence of other specific events.

Forward foreign currency exchange contracts are valued utilizing current and forward currency rates obtained from third party pricing services. When the settlement date of a contract is an interim date for which a quotation is not available, interpolated values are derived using the nearest dated forward currency rate.

Classifications

9 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

3. Securities Valuation (Continued)

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)

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 at period end based on valuation input level:


	Level 1— Unadjusted Quoted Prices		Level 2— Other Significant Observable Inputs			Level 3— Significant Unobservable Inputs		Value
Assets Table
Investments, at Value:
Foreign Government Obligations	$	—	$	1,143,264		$	—	$	1,143,264
Corporate Bonds and Notes		—		3,326,381			—		3,326,381
Short-Term Notes		—		198,299			—		198,299
Exchange-Traded Options Purchased		—		23,625			—		23,625
Over-the-Counter Options Purchased		—		11,990			—		11,990
Over-the-Counter Interest Rate
Swaption Purchased		—		20,394			—		20,394
Investment Companies		5,411,892		—			—		5,411,892
Total Investments, at Value		5,411,892		4,723,953			—		10,135,845
Other Financial Instruments:
Centrally cleared swaps, at value		—		4,875			—		4,875
Forward currency exchange contracts		—		96,330			—		96,330
Total Assets	$	5,411,892	$	4,825,158		$	—	$	10,237,050

Liabilities Table
Other Financial Instruments:
Swaps, at value	$	—	$	(162,450	)	$	—	$	(162,450	)
Centrally cleared swaps, at value		—		(58,362	)		—		(58,362	)
Exchange-traded options written, at value		—		(9,575	)		—		(9,575	)
Over-the-counter options written, at value		—		(82,334	)		—		(82,334	)
Forward currency exchange contracts		—		(129,041	)		—		(129,041	)

10 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

3. Securities Valuation (Continued)


	Level 1— Unadjusted Quoted Prices		Level 2— Other Significant Observable Inputs			Level 3— Significant Unobservable Inputs		Value

Liabilities Table
Swaptions written, at value	$	—	$	(76,649	)	$	—	$	(76,649	)
Total Liabilities	$	—	$	(518,411	)	$	—	$	(518,411	)

For the reporting period, there were no transfers between levels.

4. Investments and Risks

Risks of Foreign Investing. The Fund may invest in foreign securities which are subject to special risks. Securities traded in foreign markets may be less liquid and more volatile than those traded in U.S. markets. Foreign issuers are usually not subject to the same accounting and disclosure requirements that U.S. companies are subject to, which may make it difficult for the Fund to evaluate a foreign company’s operations or financial condition. A change in the value of a foreign currency against the U.S. dollar will result in a change in the U.S. dollar value of investments denominated in that foreign currency and in the value of any income or distributions the Fund may receive on those investments. The value of foreign investments may be affected by exchange control regulations, foreign taxes, higher transaction and other costs, delays in the settlement of transactions, changes in economic or monetary policy in the United States or abroad, expropriation or nationalization of a company’s assets, or other political and economic factors. In addition, due to the inter-relationship of global economies and financial markets, changes in political and economic factors in one country or region could adversely affect conditions in another country or region. Investments in foreign securities may also expose the Fund to time-zone arbitrage risk. Foreign securities may trade on weekends or other days when the Fund does not price its shares. At times, the Fund may emphasize investments in a particular country or region and may be subject to greater risks from adverse events that occur in that country or region. Foreign securities and foreign currencies held in foreign banks and securities depositories may be subject to limited or no regulatory oversight.

11 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

4. Investments and Risks (Continued)

Affiliated Funds’ expenses, including their 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 the Affiliated Funds.

Significant Holdings. At period end, the Fund’s investment in Oppenheimer Limited-Term Bond Fund, accounted for 34.22% of the Fund’s net assets. Additional information on Oppenheimer Limited-Term Bond Fund, including the audited financials, can be found on the SEC website.

Sovereign Debt Risk. The Fund invests in sovereign debt securities, which are subject to certain special risks. These risks include, but are not limited to, the risk that a governmental entity may delay or refuse, or otherwise be unable, to pay interest or repay the principal on its sovereign debt. There may also be no legal process for collecting sovereign debt that a government does not pay or bankruptcy proceedings through which all or part of such sovereign debt may be collected. In addition, a restructuring or default of sovereign debt may also cause additional impacts to the financial markets, such as downgrades to credit ratings, reduced liquidity and increased volatility, among others.

5. Market Risk Factors

The Fund’s investments in securities and/or financial derivatives may expose the Fund to various market risk factors:

12 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

5. Market Risk Factors (Continued)

Equity Risk. Equity risk relates to the change in value of equity securities as they relate to increases or decreases in the general market.

6. Use of Derivatives

The Fund’s investment objective not only permits the Fund to purchase investment securities, it also allows the Fund to enter into various types of derivatives contracts, including, but not limited to, futures contracts, forward currency exchange contracts, credit default swaps, interest rate swaps, total return swaps, variance 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. These instruments 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. Such contracts may be entered into through a bilateral over-the-counter (“OTC”) transaction, or through a securities or futures exchange and cleared through a clearinghouse.

Additional associated risks from investing in derivatives also exist and potentially could

13 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

6. Use of Derivatives (Continued)

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.

The Fund’s actual exposures to these market risk factors and associated risks during the period are discussed in further detail, by derivative type, below.

Forward Currency Exchange Contracts

The Fund may enter into forward currency exchange contracts (“forward contracts”) for the purchase or sale of a foreign currency at a negotiated rate at a future date. Such contracts are traded in the OTC inter-bank currency dealer market.

Forward contracts are reported on a schedule following the Statement of Investments. The unrealized appreciation (depreciation) is reported in the Statement of Assets and Liabilities in the annual and semiannual reports as a receivable (or payable) and in the Statement of Operations in the annual and semiannual reports within the change in unrealized appreciation (depreciation). At contract close, the difference between the original cost of the contract and the value at the close date is recorded as a realized gain (loss) in the Statement of Operations in the annual and semiannual reports.

The Fund may enter into forward foreign currency exchange contracts in order to decrease exposure to foreign exchange rate risk associated with either specific transactions or portfolio instruments or to increase exposure to foreign exchange rate risk.

During the reporting period, the Fund had daily average contract amounts on forward contracts to buy and sell of $4,274,506 and $7,106,892, respectively.

Additional associated risk to the Fund includes counterparty credit risk. Counterparty credit risk arises from the possibility that the counterparty to a forward contract will default and fail to perform its obligations to the Fund.

Futures Contracts

14 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

6. Use of Derivatives (Continued)

obligations.

Futures contracts are reported on a schedule following the Statement of Investments. Securities held by a futures commission merchant to cover initial margin requirements on open futures contracts are noted in the Statement of Investments. Cash held by a futures commission merchant 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.

At period end, the Fund had no futures contracts outstanding.

Option Activity

The Fund may buy and sell put and call options, or write put and call options. When an option is written, the Fund receives a premium and becomes obligated to sell or purchase the underlying security, currency or other underlying financial instrument at a fixed price, upon exercise of the option.

Options can be traded through an exchange or through a privately negotiated arrangement with a dealer in an OTC transaction. Options traded through an exchange are generally cleared through a clearinghouse (such as The Options Clearing Corporation). The difference between the premium received or paid, and market value of the option, is recorded as unrealized appreciation or depreciation. The net change in unrealized appreciation or depreciation is reported in the Statement of Operations in the annual and semiannual reports. When an option is exercised, the cost of the security purchased or the proceeds of the security sale are adjusted by the amount of premium received or paid. Upon the expiration or closing of the option transaction, a gain or loss is reported in the Statement of Operations in the annual and semiannual reports.

Foreign Currency Options. The Fund may purchase or write call and put options on currencies to increase or decrease exposure to foreign exchange rate risk. A purchased call, or written put option becomes more valuable as the price of the underlying financial instrument appreciates relative to the strike price. A purchased put, or written call option becomes more valuable as the price of the underlying financial instrument depreciates relative to the strike price.

Index/Security Options. The Fund may purchase or write call and put options on individual

15 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

6. Use of Derivatives (Continued)

equity securities and/or equity indexes to increase or decrease exposure to equity risk. A purchased call or written put option becomes more valuable as the price of the underlying financial instrument appreciates relative to the strike price. A purchased put or written call option becomes more valuable as the price of the underlying financial instrument depreciates relative to the strike price.

During the reporting period, the Fund had an ending monthly average market value of $11,163 and $6,977 on purchased call options and purchased put options, respectively.

Options written, if any, are reported in a schedule following the Statement of Investments and as a liability in the Statement of Assets and Liabilities in the annual and semiannual reports. Securities held in collateral accounts to cover potential obligations with respect to outstanding written options are noted in the Statement of Investments.

The risk in writing a call option is the market price of the underlying security increasing above the strike price and the option being exercised. The Fund must then purchase the underlying security at the higher market price and deliver it for the strike price or, if it owns the underlying security, deliver it at the strike price and forego any benefit from the increase in the price of the underlying security above the strike price. The risk in writing a put option is the market price of the underlying security decreasing below the strike price and the option being exercised. The Fund must then purchase the underlying security at the strike price when the market price of the underlying security is below the strike price. Alternatively, the Fund could also close out a written option position, in which case the risk is that the closing transaction will require a premium to be paid by the Fund that is greater than the premium the Fund received. When writing options, the Fund has the additional risk that there may be an illiquid market where the Fund is unable to close the contract. The risk in buying an option is that the Fund pays a premium for the option, and the option may be worth less than the premium paid or expire worthless.

During the reporting period, the Fund had an ending monthly average market value of $6,623 and $69,583 on written call options and written put options, respectively.

Additional associated risks to the Fund include counterparty credit risk and liquidity risk.

Swap Contracts

16 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

6. Use of Derivatives (Continued)

change in the valuation of the notional amount of the swap is combined with the accrued interest due to (owed by) the Fund, if any, at termination or settlement. The net change in this amount during the period is included on the Statement of Operations in the annual and semiannual reports. The Fund also records any periodic payments received from (paid to) the counterparty, including at termination, under such contracts as realized gain (loss) on the Statement of Operations in the annual and semiannual reports.

Credit Default Swap Contracts. A credit default swap is a contract that enables an investor to buy or sell protection against a defined-issuer credit event, such as the issuer’s failure to make timely payments of interest or principal on a debt security, bankruptcy or restructuring. The Fund may enter into credit default swaps either by buying or selling protection on a corporate issuer, sovereign issuer, or a basket or index of issuers (the “reference asset”).

17 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

6. Use of Derivatives (Continued)

For the reporting period, the Fund had ending monthly average notional amounts of $350,000 and $100,000 on credit default swaps to buy protection and credit default swaps to sell protection, respectively.

Additional associated risks to the Fund include counterparty credit risk and liquidity risk.

Interest Rate Swap Contracts. An interest rate swap is an agreement between counterparties to exchange periodic payments based on interest rates. One cash flow stream will typically be a floating rate payment based upon a specified floating interest rate while the other is typically a fixed interest rate.

The Fund may enter into interest rate swaps in which it pays the fixed or floating interest rate in order to increase or decrease exposure to interest rate risk. Typically, if relative interest rates rise, floating payments under a swap agreement will be greater than the fixed payments.

For the reporting period, the Fund had ending monthly average notional amounts of $3,750,292 and $3,214,991 on interest rate swaps which pay a fixed rate and interest rate swaps which receive a fixed rate, respectively.

Additional associated risks to the Fund include counterparty credit risk and liquidity risk.

Swaption Transactions

The Fund may purchase swaptions which give it the option to enter into an interest rate swap in which it pays a floating or fixed interest rate and receives a fixed or floating interest

18 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

6. Use of Derivatives (Continued)

rate in order to increase or decrease exposure to interest rate risk. Purchasing the fixed portion of this swaption becomes more valuable as the reference interest rate decreases relative to the preset interest rate. Purchasing the floating portion of this swaption becomes more valuable as the reference interest rate increases relative to the preset interest rate.

The Fund may write swaptions which give it the obligation, if exercised by the purchaser, to enter into an interest rate swap in which it pays a fixed or floating interest rate and receives a floating or fixed interest rate in order to increase or decrease exposure to interest rate risk. A written swaption paying a fixed rate becomes more valuable as the reference interest rate increases relative to the preset interest rate. A written swaption paying a floating rate becomes more valuable as the reference interest rate decreases relative to the preset interest rate.

The Fund may write swaptions which give it the obligation, if exercised by the purchaser, to sell or buy credit protection through credit default swaps in order to increase or decrease exposure to the credit risk of individual issuers and/or indexes of issuers. A written swaption selling protection becomes more valuable as the likelihood of a credit event on the reference asset decreases. A written swaption buying protection becomes more valuable as the likelihood of a credit event on the reference asset increases.

During the reporting period, the Fund had an ending monthly average market value of $49,936 and $83,921 on purchased and written swaptions, respectively.

ISDA master agreements include credit related contingent features which allow

19 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

6. Use of Derivatives (Continued)

counterparties to OTC derivatives to terminate derivative contracts prior to maturity in the event that, for example, the Fund’s net assets decline by a stated percentage or the Fund fails to meet the terms of its ISDA master agreements, which would cause the Fund to accelerate payment of any net liability owed to the counterparty.

The Fund’s risk of loss from counterparty credit risk on exchange-traded derivatives cleared through a clearinghouse and for centrally cleared swaps is generally considered lower than as compared to OTC derivatives. However, counterparty credit risk exists with respect to initial and variation margin deposited/paid by the Fund that is held in futures commission merchant, broker and/or clearinghouse accounts for such exchange-traded derivatives and for centrally cleared swaps.

20 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

6. Use of Derivatives (Continued)

amount to the value of any collateral currently pledged by the Fund or the counterparty.

7. Subsequent Event

21 OPPENHEIMER GLOBAL UNCONSTRAINED BOND FUND

STATEMENT OF INVESTMENTS September 30, 2018 Unaudited


	Principal Amount		Value
Corporate Bonds and Notes—64.2%
Energy—0.9%
Oil, Gas & Consumable Fuels—0.9%
Energy Transfer Partners LP, 6.625% [US0003M+415.5] Jr. Sub. Perpetual Bonds^1,2	$	105,000	$	100,735
Financials—56.9%
Capital Markets—12.5%
Charles Schwab Corp. (The), 5.00% [US0003M+257.5] Jr. Sub. Perpetual Bonds^1,2		200,000		193,500
Credit Suisse Group AG, 7.125% [USSW5+510.8] Jr. Sub. Perpetual Bonds^1,2,3		190,000		194,988
E*TRADE Financial Corp., 5.875% [US0003M+443.5] Jr. Sub. Perpetual Bonds^1,2		190,000		194,750
Goldman Sachs Group, Inc. (The):
5.00% [US0003M+287.4] Jr. Sub. Perpetual Bonds^1,2		100,000		94,375
5.375% [US0003M+392.2] Jr. Sub. Perpetual Bonds^1,2		100,000		102,125
Macquarie Bank Ltd. (London), 6.125% [USSW5+370.3] Jr. Sub. Perpetual Bonds^1,2,4		190,000		173,850
State Street Corp., 5.625% [US0003M+253.9] Jr. Sub. Perpetual Bonds^1,2		217,000		218,356
UBS Group Funding Switzerland AG, 7.125% [USSW5+588.3] Jr. Sub. Perpetual Bonds^1,2,3		185,000		194,420
				1,366,364
Commercial Banks—35.8%
Banco Bilbao Vizcaya Argentaria SA, 6.125% [USSW5+387] Jr. Sub. Perpetual Bonds^1,2		195,000		175,744
Banco Santander SA, 6.375% [USSW5+478.8] Jr. Sub. Perpetual Bonds^1,2,3		195,000		193,814
Bank of America Corp., 6.30% [US0003M+455.3] Jr. Sub. Perpetual Bonds^1,2		295,000		318,600
Barclays plc, 7.875% [USSW5+677.2] Jr. Sub. Perpetual Bonds^1,2,3		185,000		191,757
BNP Paribas SA, 7.625% [USSW5+631.4] Jr. Sub. Perpetual Bonds^1,2,4		180,000		189,450
CIT Group, Inc., 5.80% [US0003M+397.2] Jr. Sub. Perpetual Bonds^1,2		195,000		192,562
Citigroup, Inc., 6.125% [US0003M+447.8] Jr. Sub. Perpetual Bonds^1,2		198,000		206,539
Citizens Financial Group, Inc., 6.00% [US0003M+300.3] Jr. Sub. Perpetual Bonds^1,2		105,000		107,362
Credit Agricole SA, 8.125% [USSW5+618.5] Jr. Sub. Perpetual Bonds^1,2,4		270,000		297,671
Fifth Third Bancorp, 5.10% [US0003M+303.33] Jr. Sub. Perpetual Bonds^1,2		50,000		49,125
HSBC Holdings plc, 6.375% [USISDA05+370.5] Jr. Sub. Perpetual Bonds^1,2		190,000		188,868
Huntington Bancshares, Inc., 5.70% [US0003M+288] Jr. Sub. Perpetual Bonds^1,2		102,000		101,299

1 OPPENHEIMER PREFERRED SECURITIES AND INCOME FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Commercial Banks (Continued)
ING Groep NV, 6.875% [USSW5+512.4] Jr. Sub. Perpetual Bonds^1,2,3	$	190,000	$	193,322
JPMorgan Chase & Co.:
6.125% [US0003M+333] Jr. Sub. Perpetual Bonds^1,2		191,000		199,142
5.809% [US0003M+347] Jr. Sub. Perpetual Bonds, Series 1^1,2		245,000		246,347
Royal Bank of Scotland Group plc, 7.50% [USSW5+580] Jr. Sub. Perpetual Bonds^1,2		295,000		302,744
Societe Generale SA, 7.375% [USSW5+623.8] Jr. Sub. Perpetual Bonds^1,2,4		185,000		191,244
SunTrust Banks, Inc.:
5.05% [US0003M+310.2] Jr. Sub. Perpetual Bonds^1,2		150,000		148,500
5.125% [US0003M+278.6] Jr. Sub. Perpetual Bonds^1,2		105,000		99,684
Wachovia Capital Trust III, 5.57% [US0003M+93] Jr. Sub. Perpetual Bonds^1,2		200,000		198,350
Wells Fargo & Co., 6.104% [US0003M+377] Jr. Sub. Perpetual Bonds, Series K^1,2		104,000		105,528
				3,897,652

Consumer Finance—2.2%
American Express Co., 4.90% [US0003M+328.5] Jr. Sub. Perpetual Bonds^1,2		147,000		147,184
Discover Financial Services, 5.50% [US0003M+307.6] Jr. Sub. Perpetual Bonds^1,2		100,000		98,875
				246,059

Diversified Financial Services—0.9%
Voya Financial, Inc., 4.70% [US0003M+208.4] Jr. Sub. Nts., 1/23/48^1,4		105,000		93,712
Insurance—5.5%
Catlin Insurance Co. Ltd., 5.317% [US0003M+297.5] Jr. Sub. Perpetual Bonds^1,2,5		100,000		99,250
Hartford Financial Services Group, Inc. (The), 4.439% [US0003M+212.5] Jr. Sub. Nts., 2/12/47^1,5		100,000		94,250
Liberty Mutual Group, Inc., 5.239% [US0003M+290.5] Jr. Sub. Nts., 3/15/37^1,5		102,000		99,705
Lincoln National Corp., 4.669% [US0003M+235.75] Jr. Sub. Nts., 5/17/66¹		215,000		201,967
MetLife, Inc., 5.25% [US0003M+357.5] Jr. Sub. Perpetual Bonds^1,2		100,000		101,550
				596,722

Industrials—4.6%
Industrial Conglomerates—2.9%
General Electric Co., 5.00% [US0003M+333] Jr. Sub. Perpetual Bonds^1,2		325,000		317,241

2 OPPENHEIMER PREFERRED SECURITIES AND INCOME FUND


	Principal Amount		Value
Trading Companies & Distributors—1.7%
ILFC E-Capital Trust I, 4.78% [30YR CMT+155] Jr. Sub. Nts., 12/21/65^1,4	$	205,000	$	187,062

Utilities—1.8%
Electric Utilities—0.9%
NextEra Energy Capital Holdings, Inc., 4.80% [US0003M+240.9] Jr. Sub. Nts., 12/1/77¹		100,000		94,693

Multi-Utilities—0.9%
WEC Energy Group, Inc., 4.426% [US0003M+211.25] Jr. Sub. Nts., 5/15/67¹		105,000		102,239
Total Corporate Bonds and Notes (Cost $7,187,670)				7,002,479

	Shares
Preferred Stocks—33.2%
Allstate Corp. (The), 6.625% Non-Cum., Non-Vtg.		3,904		99,162
American Homes 4 Rent, 6.35% Cum., Non-Vtg.		3,997		97,807
AT&T, Inc., 5.625%⁶		4,200		103,992
Citigroup Capital XIII, 7.75% Cum., Non-Vtg. [US0003M+637]¹		9,321		250,269
Digital Realty Trust, Inc., 7.375% Cum., Non-Vtg.		3,836		97,588
DTE Energy Co., 5.375% Jr. Sub., Non-Vtg.		4,150		99,185
eBay, Inc., 6.00% Cv.		3,859		101,260
Entergy Texas, Inc., 5.625% First Mortgage Sec.		4,075		104,137
Fifth Third Bancorp, 6.625% Non-Cum., Non-Vtg. [US0003M+371]¹		5,107		140,442
First Republic Bank, 7.00% Non-Cum.		3,807		97,078
GMAC Capital Trust I, 7.20% Jr. Sub., Non-Vtg. [US0003M+578.5]¹		9,836		258,687
Goldman Sachs Group, Inc. (The), 6.30% Non-Cum., Series N, Non-Vtg.		9,674		252,104
Huntington Bancshares, Inc., 6.25% Non-Cum., Non-Vtg.		3,821		98,352
KeyCorp, 6.125% Non-Cum., Non-Vtg. [US0003M+389.2]¹		7,298		195,076
Morgan Stanley, 5.85% Non-Cum., Non-Vtg. [US0003M+349.1]¹		6,232		158,480
Morgan Stanley, 6.375% Non-Cum., Non-Vtg. [US0003M+370.8]¹		8,854		236,579
Northern Trust Corp., 5.85% Non-Cum., Non-Vtg.		2,309		58,764
PNC Financial Services Group, Inc. (The), 6.125% Non-Cum., Non-Vtg. [US0003M+406.7]¹		8,016		215,711
Prudential Financial, Inc., 5.75% Jr. Sub.		2,002		50,090
Public Storage, 5.20% Cum., Series X, Non-Vtg.		4,225		100,386
Qwest Corp., 7.00% Sr. Unsec.		6,950		174,792
Senior Housing Properties Trust, 6.25% Sr. Unsec., Non-Vtg.		3,856		100,025
Synovus Financial Corp., 6.30% Non-Cum., Series D, Non-Vtg. [US0003M+335.2]¹		3,993		104,696
US Bancorp, 6.50% Non-Cum., Non-Vtg. [US0003M+446.8]¹		8,332		226,880
Ventas Realty LP/Ventas Capital Corp., 5.45% Sr. Unsec.		4,056		100,467

3 OPPENHEIMER PREFERRED SECURITIES AND INCOME FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Shares		Value
Preferred Stocks (Continued)
Wells Fargo & Co., 6.625% Non-Cum Non-Vtg. [US0003M+369]¹		3,661	$	101,190
Total Preferred Stocks (Cost $3,656,680)				3,623,199

Investment Company—1.7%
Oppenheimer Institutional Government Money Market Fund, Cl. E, 1.95%^7,8
(Cost $180,282)		180,282		180,282
Total Investments, at Value (Cost $11,024,632)		99.1%		10,805,960
Net Other Assets (Liabilities)		0.9		94,201
Net Assets		100.0%	$	10,900,161

Footnotes to Statement of Investments

1. Represents the current interest rate for a variable or increasing rate security, determined as [Referenced Rate + Basis-point spread].

2. This bond has no contractual maturity date, is not redeemable and contractually pays an indefinite stream of interest.

3. Represents securities sold under Regulation S, which are exempt from registration under the Securities Act of 1933, as amended. These securities may not be offered or sold in the United States without and exemption from, or in a transaction not subject to, the registration requirements of the Securities Act of 1933. These securities amount to $968,301 or 8.88% of the Fund’s net assets at period end.

4. 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 $1,132,989 or 10.39% of the Fund’s net assets at period end.

5. Restricted security. The aggregate value of restricted securities at period end was $293,205, which represents 2.69% of the Fund’s net assets. See Note 3 of the accompanying Notes. Information concerning restricted securities is as follows:


Security	Acquisition Dates		Cost		Value		Unrealized Appreciation/ (Depreciation)
Catlin Insurance Co. Ltd., 5.317% [US0003M+297.5] Jr. Sub. Perpetual Bonds		2/21/18	$	99,500	$	99,250	$	(250)
Hartford Financial Services Group, Inc. (The), 4.439% [US0003M+212.5] Jr. Sub. Nts., 2/12/47		2/12/18		98,282		94,250		(4,032)
Liberty Mutual Group, Inc., 5.239% [US0003M+290.5] Jr. Sub. Nts., 3/15/37		2/26/18-3/2/18		100,451		99,705		(746)
			$	298,233	$	293,205	$	(5,028)

6. Non-income producing security.

7. Rate shown is the 7-day yield at period end.

4 OPPENHEIMER PREFERRED SECURITIES AND INCOME FUND

Footnotes to Statement of Investments (Continued)


	Shares February 12, 2018 (Commencement of Operations)		Gross Additions		Gross Reductions		Shares September 30, 2018
Investment Company
Oppenheimer Institutional Government Money Market Fund, Cl. E		—		18,184,624		18,004,342		180,282

	Value		Income		Realized Gain (Loss)		Change in Unrealized Gain (Loss)
Investment Company
Oppenheimer Institutional Government Money Market Fund, Cl. E	$	180,282	$	3,227	$	—	$	—

Futures Contracts as of September 30, 2018

Description

Buy/Sell

Expiration
Date

Number of
Contracts

Notional
Amount

(000’s)

Value

Unrealized
Appreciation /
(Depreciation)

United States Treasury Nts., 10 yr.

Sell

12/19/18

USD 120

118,781

$ 1,284


Glossary:
Definitions
30YR CMT		30 Year Constant Maturity Treasury
ICE LIBOR		Intercontinental Exchange London Interbank Offered Rate
US0003M		ICE LIBOR USD 3 Month
USISDA05		USD ICE Swap Rate 11:00am NY 5 Year
USSW5		USD Swap Semi 30/360 5 Year

5 OPPENHEIMER PREFERRED SECURITIES AND INCOME FUND

NOTES TO STATEMENT OF INVESTMENTS September 30, 2018 Unaudited

1. Organization

Oppenheimer Preferred Securities and Income Fund (the “Fund”), is a separate fund of Oppenheimer Integrity Funds, a diversified open-end management investment company registered under the Investment Company Act of 1940 (“1940 Act”), as amended. The Fund’s investment objective is to seek total return. The Fund’s investment adviser is OFI Global Asset Management, Inc. (“OFI Global” or the “Manager”), a wholly-owned subsidiary of OppenheimerFunds, Inc. (“OFI” or the “Sub-Adviser”). The Manager has entered into a sub-advisory agreement with OFI. The Fund commenced operations on February 12, 2018.

2. Securities Valuation

Valuation Methods and Inputs

Securities are valued primarily using unadjusted quoted market prices, when available, as supplied by third party pricing services or broker-dealers.

The following methodologies are used to determine the market value or the fair value of the types of securities described below:

Equity securities traded on a securities exchange (including exchange-traded derivatives other than futures and futures options) are valued based on the official closing price on the principal exchange on which the security is traded, as identified by the Manager, prior to the time when the Fund’s assets are valued. If the official closing price is unavailable, the security is valued at the last sale price on the principal exchange on which it is traded, or if no sales occurred, the security is valued at the mean between the quoted bid and asked prices. Over-the-counter equity securities are valued at the last published sale price, or if no sales occurred, at the mean between the quoted bid and asked prices. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the time when the Fund’s assets are valued.

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.

6 OPPENHEIMER PREFERRED SECURITIES AND INCOME FUND

2. Securities Valuation (Continued)

evaluated prices obtained from third party pricing services or broker-dealers who may use matrix pricing methods to determine the evaluated prices. Pricing services generally price debt securities assuming orderly transactions of an institutional “round lot” size, but some trades may occur in smaller, “odd lot” sizes, sometimes at lower prices than institutional round lot trades. Standard inputs generally considered by third-party pricing vendors include reported trade data, broker-dealer price quotations, benchmark yields, issuer spreads on comparable securities, the credit quality, yield, maturity, as well as other appropriate factors.

Classifications

1) Level 1-unadjusted quoted prices in active markets for identical assets or liabilities (including securities actively traded on a securities exchange)

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).

7 OPPENHEIMER PREFERRED SECURITIES AND INCOME FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

2. Securities Valuation (Continued)

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 at period end based on valuation input level:


	Level 1— Unadjusted Quoted Prices		Level 2— Other Significant Observable Inputs		Level 3— Significant Unobservable Inputs		Value
Assets Table
Investments, at Value:
Corporate Bonds and Notes	$	—	$	7,002,479	$	—	$ 7,002,479
Preferred Stocks		3,623,199		—		—	3,623,199
Investment Company		180,282		—		—	180,282

Total Investments, at Value		3,803,481		7,002,479		—	10,805,960
Other Financial Instruments:
Futures contracts		1,284		—		—	1,284

Total Assets	$	3,804,765	$	7,002,479	$	—	$ 10,807,244

For the reporting period, there were no transfers between levels.

3. Investments and Risks

Investments in Affiliated Funds. The Fund is permitted to invest in other mutual funds advised by the Manager (“Affiliated Funds”). Affiliated Funds are open-end management investment companies registered under the 1940 Act, as amended. The Manager is the investment adviser of, and the Sub-Adviser provides investment and related advisory services to, the Affiliated Funds. When applicable, the Fund’s investments in Affiliated Funds are included in the Statement of Investments. Shares of Affiliated Funds are valued at their net asset value per share. As a shareholder, the Fund is subject to its proportional share of the Affiliated Funds’ expenses, including their 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 the Affiliated Funds.

8 OPPENHEIMER PREFERRED SECURITIES AND INCOME FUND

3. Investments and Risks (Continued)

Restricted Securities. At period end, 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.

Equity Security Risk. Stocks and other equity securities fluctuate in price. The value of the Fund’s portfolio may be affected by changes in the equity markets generally. Equity markets may experience significant short-term volatility and may fall sharply at times. Different markets may behave differently from each other and U.S. equity markets may move in the opposite direction from one or more foreign stock markets. Adverse events in any part of the equity or fixed-income markets may have unexpected negative effects on other market segments.

The prices of individual equity securities generally do not all move in the same direction at the same time and a variety of factors can affect the price of a particular company’s securities. These factors may include, but are not limited to, poor earnings reports, a loss of customers, litigation against the company, general unfavorable performance of the company’s sector or industry, or changes in government regulations affecting the company or its industry.

4. Market Risk Factors

The Fund’s investments in securities and/or financial derivatives may expose the Fund to various market risk factors:

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

9 OPPENHEIMER PREFERRED SECURITIES AND INCOME FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

4. Market Risk Factors (Continued)

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.

5. Use of Derivatives

10 OPPENHEIMER PREFERRED SECURITIES AND INCOME FUND

5. Use of Derivatives (Continued)

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.

The Fund’s actual exposures to these market risk factors and associated risks during the period are discussed in further detail, by derivative type, below.

Futures Contracts

During the reporting period, the Fund had an ending monthly average market value of $79,858 on futures contracts sold.

11 OPPENHEIMER PREFERRED SECURITIES AND INCOME FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

5. Use of Derivatives (Continued)

transaction.

12 OPPENHEIMER PREFERRED SECURITIES AND INCOME FUND

5. Use of Derivatives (Continued)

counterparties are not fully collateralized, contractually or otherwise, the Fund bears the risk of loss from counterparty nonperformance.

6. Subsequent Event

13 OPPENHEIMER PREFERRED SECURITIES AND INCOME 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 9/30/2018, 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/ Arthur P. Steinmetz
		Arthur P. Steinmetz
		Principal Executive Officer

Date: 11/16/2018

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/ Arthur P. Steinmetz
		Arthur P. Steinmetz
		Principal Executive Officer

Date: 11/16/2018

By:		/s/ Brian S. Petersen
		Brian S. Petersen
		Principal Financial Officer

Date: 11/16/2018