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OFI Pictet Global Environmental Solutions FundOppenheimer Capital Appreciation FundOppenheimer Capital Appreciation Fund/VAOppenheimer Capital Income FundOppenheimer Conservative Balanced Fund/VAOppenheimer Developing Markets FundOppenheimer Discovery FundOppenheimer Discovery Mid Cap Growth FundOppenheimer Discovery Mid Cap Growth Fund/VAOppenheimer Dividend Opportunity FundOppenheimer Emerging Markets Innovators FundOppenheimer Emerging Markets Local Debt FundOppenheimer Emerging Markets Revenue ETFOppenheimer Emerging Markets Ultra DividendRevenue ETFOppenheimer ESG Revenue ETFOppenheimer Fundamental Alternatives FundOppenheimer Global Allocation FundOppenheimer Global ESG Revenue ETFOppenheimer Global FundOppenheimer Global Fund/VAOppenheimer Global High Yield FundOppenheimer Global Multi-Asset Growth FundOppenheimer Global Multi-Asset Income FundOppenheimer Global Revenue ETFOppenheimer Global Strategic Income FundOppenheimer Global Strategic Income Fund/VAOppenheimer Global Unconstrained Bond FundOppenheimer Government Money Fund/VAOppenheimer Government Money Market FundOppenheimer Institutional Government Money MarketFundOppenheimer Intermediate Income FundOppenheimer International Bond FundOppenheimer International Equity FundOppenheimer International Growth FundOppenheimer International Growth Fund/VAOppenheimer International Revenue ETFOppenheimer International Small-Mid Company FundOppenheimer International Ultra Dividend RevenueETFOppenheimer Limited-Term Bond FundOppenheimer Limited-Term Government FundOppenheimer Macquarie Global Infrastructure FundOppenheimer Main Street All Cap Fund Oppenheimer Main Street Fund Oppenheimer Main Street Fund /VAOppenheimer Main Street Small Cap Fund Oppenheimer Main Street Small Cap Fund /VAOppenheimer Portfolio Series: Active Allocation FundOppenheimer Portfolio Series: Conservative InvestorFundOppenheimer Portfolio Series: Growth Investor FundOppenheimer Portfolio Series: Moderate Investor FundOppenheimer Preferred Securities and Income FundOppenheimer Real Estate FundOppenheimer Rising Dividends FundOppenheimer Russell 1000 Dynamic Multifactor ETFOppenheimer Russell 1000 Low Volatility Factor ETFOppenheimer Russell 1000 Momentum Factor ETFOppenheimer Russell 1000 Quality Factor ETFOppenheimer Russell 1000 Size Factor ETFOppenheimer Russell 1000 Value Factor ETFOppenheimer Russell 1000 Yield Factor ETFOppenheimer Russell 2000 Dynamic Multifactor ETFOppenheimer Senior Floating Rate FundOppenheimer Senior Floating Rate Plus FundOppenheimer Small Cap Value FundOppenheimer SteelPath MLP & Energy InfrastructureFundOppenheimer SteelPath MLP Alpha Plus FundOppenheimer SteelPath Panoramic FundOppenheimer Total Return Bond FundOppenheimer Total Return Bond Fund/VAOppenheimer Ultra-Short Duration FundOppenheimer Value FundSupplement dated April 25, 2019 to the Summary Prospectus, Prospectus and Statement of AdditionalInformationThis supplement amends the summary prospectus, prospectus and statement of additional information of the abovereferenced funds (each, a “Fund” and together, the “Funds”) and is in addition to any other supplement(s).On October 18, 2018, Massachusetts Mutual Life Insurance Company, an indirect corporate parent ofOppenheimerFunds, Inc. and its subsidiaries OFI Global Asset Management, Inc., OFI SteelPath, Inc. and OFIAdvisors, LLC, announced that it has entered into an agreement whereby Invesco Ltd. (“Invesco”), a globalinvestment management company, will acquire OppenheimerFunds, Inc. (the “Transaction”). In connection with theTransaction, on January 11, 2019 the Board of Trustees of each trust (each, a “Trust”) governing the Trust’srespective Fund(s) unanimously approved an Agreement and Plan of Reorganization (the “Agreement”), whichprovides for the transfer of the assets and liabilities of each Fund to a corresponding, newly formed fund (each, an“Acquiring Fund,” and collectively the “Acquiring Funds”) in the Invesco family of funds (the “Reorganization”) inexchange for shares of the corresponding Acquiring Fund of equal value to the value of the shares of the respectiveFund as of the close of business on the closing date, and with respect to those Funds that are exchange-traded funds1

(an “ETF”), shares of the corresponding Acquired Fund (and cash with respect to any fractional shares) of equal valueto the value of the respective Fund as of the close of business on the closing date.Although each Acquiring Fund will be managed by either Invesco Advisers, Inc. (for those Acquiring Funds that arenot ETFs) or Invesco Capital Management, LLC (for those Acquiring Funds that are ETFs), each Acquiring Fundwill, as of the closing date, have the same investment objective (or in the case of the Acquiring Funds that are ETFs, asubstantially similar investment objective) and substantially similar principal investment strategies and risks as thecorresponding Fund. After each Reorganization, Invesco Advisers, Inc. will be the investment adviser to eachAcquiring Fund that is a mutual fund, and Invesco Capital Management, LLC will be the investment adviser to eachAcquiring Fund that is an ETF, and each Fund will be liquidated and dissolved under applicable law and terminate itsregistration under the Investment Company Act of 1940, as amended. Each Reorganization is expected to be a taxfree reorganization for U.S. federal income tax purposes.As of 5 p.m. Eastern Standard Time on April 12, 2019, each Reorganization has been approved by shareholders ofrecord of each Fund as of January 14, 2019. Accordingly, if certain other closing conditions are satisfied or waived,each Reorganization is currently expected to close on or about May 24, 2019, or as soon as practicable thereafter. Thisis subject to change.You should read this supplement in conjunction with the summary prospectus, prospectus and statement of additionalinformation and retain it for future reference.April 25, 2019PX0000.074.04192

OFI Pictet Global Environmental Solutions FundOppenheimer Capital Appreciation FundOppenheimer Capital Appreciation Fund/VAOppenheimer Capital Income FundOppenheimer Conservative Balanced Fund/VAOppenheimer Developing Markets FundOppenheimer Discovery FundOppenheimer Discovery Mid Cap Growth FundOppenheimer Discovery Mid Cap Growth Fund/VAOppenheimer Dividend Opportunity FundOppenheimer Emerging Markets Innovators FundOppenheimer Emerging Markets Local Debt FundOppenheimer Emerging Markets Revenue ETFOppenheimer Emerging Markets Ultra DividendRevenue ETFOppenheimer Equity Income FundOppenheimer ESG Revenue ETFOppenheimer Fundamental Alternatives FundOppenheimer Global Allocation FundOppenheimer Global ESG Revenue ETFOppenheimer Global Focus FundOppenheimer Global FundOppenheimer Global Fund/VAOppenheimer Global High Yield FundOppenheimer Global Multi-Alternatives Fund/VAOppenheimer Global Multi-Asset Growth FundOppenheimer Global Multi-Asset Income FundOppenheimer Global Opportunities FundOppenheimer Global Revenue ETFOppenheimer Global Strategic Income FundOppenheimer Global Strategic Income Fund/VAOppenheimer Global Unconstrained Bond FundOppenheimer Gold & Special Minerals FundOppenheimer Government Cash ReservesOppenheimer Government Money Fund/VAOppenheimer Government Money Market FundOppenheimer Institutional Government Money MarketFundOppenheimer Intermediate Income FundOppenheimer Intermediate Term Municipal FundOppenheimer International Bond FundOppenheimer International Diversified FundOppenheimer International Equity FundOppenheimer International Growth FundOppenheimer International Growth Fund/VAOppenheimer International Revenue ETFOppenheimer International Small-Mid Company FundOppenheimer International Ultra Dividend RevenueETFOppenheimer Limited-Term Bond FundOppenheimer Limited-Term Government FundOppenheimer Macquarie Global Infrastructure FundOppenheimer Main Street All Cap Fund Oppenheimer Main Street Fund Oppenheimer Main Street Fund /VAOppenheimer Main Street Mid Cap Fund Oppenheimer Main Street Small Cap Fund Oppenheimer Main Street Small Cap Fund /VAOppenheimer Mid Cap Value FundOppenheimer Municipal FundOppenheimer Portfolio Series: Active Allocation FundOppenheimer Portfolio Series: Conservative InvestorFundOppenheimer Portfolio Series: Equity Investor FundOppenheimer Portfolio Series: Moderate Investor FundOppenheimer Preferred Securities and Income FundOppenheimer Real Estate FundOppenheimer Rising Dividends FundOppenheimer Rochester AMT-Free Municipal FundOppenheimer Rochester AMT-Free New York MunicipalFundOppenheimer Rochester California Municipal FundOppenheimer Rochester Fund MunicipalsOppenheimer Rochester High Yield Municipal FundOppenheimer Rochester Limited Term CaliforniaMunicipal FundOppenheimer Rochester Limited Term New YorkMunicipal FundOppenheimer Rochester New Jersey Municipal FundOppenheimer Rochester Pennsylvania Municipal FundOppenheimer Rochester Short Duration High YieldMunicipal FundOppenheimer Russell 1000 Dynamic Multifactor ETFOppenheimer Russell 1000 Low Volatility Factor ETFOppenheimer Russell 1000 Momentum Factor ETFOppenheimer Russell 1000 Quality Factor ETFOppenheimer Russell 1000 Size Factor ETFOppenheimer Russell 1000 Value Factor ETFOppenheimer Russell 1000 Yield Factor ETFOppenheimer Russell 2000 Dynamic Multifactor ETFOppenheimer S&P 500 Revenue ETFOppenheimer S&P Financials Revenue ETFOppenheimer S&P MidCap 400 Revenue ETFOppenheimer S&P SmallCap 600 Revenue ETFOppenheimer S&P Ultra Dividend Revenue ETFOppenheimer Senior Floating Rate FundOppenheimer Senior Floating Rate Plus FundOppenheimer Short Term Municipal FundOppenheimer Small Cap Value FundOppenheimer SteelPath MLP & Energy InfrastructureFundOppenheimer SteelPath MLP Alpha FundOppenheimer SteelPath MLP Alpha Plus FundOppenheimer SteelPath MLP Income FundOppenheimer SteelPath MLP Select 40 FundOppenheimer SteelPath Panoramic FundOppenheimer Total Return Bond FundOppenheimer Total Return Bond Fund/VAOppenheimer Ultra-Short Duration FundOppenheimer Value Fund

Supplement dated January 18, 2019 to the Summary Prospectus, Prospectus and Statement of AdditionalInformationThis supplement amends the summary prospectus, prospectus and statement of additional information of the abovereferenced funds (each, a “Fund” and together, the “Funds”) and is in addition to any other supplement(s) except asindicated immediately below.This supplement supersedes the supplement dated January 14, 2019 (the “January 14th Supplement”) and is intendedto delete entirely the last paragraph of the January 14th Supplement regarding the anticipation that the Funds will closeto new investors as soon as practicable following shareholder approval.On October 18, 2018, Massachusetts Mutual Life Insurance Company, an indirect corporate parent ofOppenheimerFunds, Inc. and its subsidiaries OFI Global Asset Management, Inc., OFI SteelPath, Inc. and OFIAdvisors, LLC, announced that it has entered into an agreement whereby Invesco Ltd. (“Invesco”), a globalinvestment management company, will acquire OppenheimerFunds, Inc. (the “Transaction”). In connection with theTransaction, on January 11, 2019 the Board of Trustees of each trust (each, a “Trust”) governing the Trust’srespective Fund(s) unanimously approved an Agreement and Plan of Reorganization (the “Agreement”), whichprovides for the transfer of the assets and liabilities of each Fund to a corresponding, newly formed fund (each, an“Acquiring Fund,” and collectively the “Acquiring Funds”) in the Invesco family of funds (the “Reorganization”) inexchange for shares of the corresponding Acquiring Fund of equal value to the value of the shares of the respectiveFund as of the close of business on the closing date, and with respect to those Funds that are exchange-traded funds(an “ETF”), shares of the corresponding Acquired Fund (and cash with respect to any fractional shares) of equal valueto the value of the respective Fund as of the close of business on the closing date. Although each Acquiring Fund willbe managed by either Invesco Advisers, Inc. (for those Acquiring Funds that are not ETFs) or Invesco CapitalManagement, LLC (for those Acquiring Funds that are ETFs), each Acquiring Fund will, as of the closing date, havethe same investment objective (or in the case of the Acquiring Funds that are ETFs, a substantially similar investmentobjective) and substantially similar principal investment strategies and risks as the corresponding Fund. After eachReorganization, Invesco Advisers, Inc. will be the investment adviser to each Acquiring Fund that is a mutual fund,and Invesco Capital Management, LLC will be the investment adviser to each Acquiring Fund that is an ETF, andeach Fund will be liquidated and dissolved under applicable law and terminate its registration under the InvestmentCompany Act of 1940, as amended. Each Reorganization is expected to be a tax-free reorganization for U.S. federalincome tax purposes.Each Reorganization is subject to the approval of shareholders of each Fund. Shareholders of record of each Fund onJanuary 14, 2019 will be entitled to vote on the Reorganization and will receive a combined prospectus and proxystatement describing the Reorganization, the shareholder meeting, and a discussion of the factors the Trusts’ Boardsof Trustees considered in approving the Agreement. The combined prospectus and proxy statement is expected to bedistributed to shareholders of record on or about February 28, 2019. The anticipated date of the shareholder meetingis on or about April 12, 2019.If shareholders approve the Agreement and certain other closing conditions are satisfied or waived, eachReorganization is expected to close during the second quarter of 2019, or as soon as practicable thereafter. This issubject to change.You should read this supplement in conjunction with the summary prospectus, prospectus and statement of additionalinformation and retain it for future reference.January 18, 2019PS0000.201

OppenheimerGlobal Fund/VAA series of Oppenheimer Variable Account FundsProspectus dated April 30, 2019Share Classes:Oppenheimer Global Fund/VA is a mutual fundthat seeks capital appreciation. It invests mainlyin common stocks of U.S. and foreign issuers.Non-Service SharesService SharesShares of the Fund are sold only as anunderlying investment for variable life insurancepolicies, variable annuity contracts and otherinsurance company separate accounts. Aprospectus for the insurance product you haveselected accompanies this prospectus andexplains how to select shares of the Fund as aninvestment under that insurance product, andwhich share class or classes you are eligible topurchase.This prospectus contains important informationabout the Fund’s objective, investment policies,strategies and risks. Please read thisprospectus (and your insurance productprospectus) carefully before you invest andkeep them for future reference about youraccount.As with all mutual funds, the Securities andExchange Commission and the CommodityFutures Trading Commission have notapproved or disapproved the Fund’ssecurities nor have they determined that thisprospectus is accurate or complete. It is acriminal offense to represent otherwise.

ContentsTo Summary Prospectus1112344444The Fund SummaryInvestment ObjectiveFees and Expenses of the FundPrincipal Investment StrategiesPrincipal RisksThe Fund’s Past PerformanceInvestment AdviserPortfolio ManagerPurchase and Sale of Fund SharesTaxesPayments to Broker-Dealers and Other Financial Intermediaries511More About The FundAbout the Fund’s InvestmentsHow the Fund is Managed131617More About Your InvestmentHow to Buy and Sell SharesDividends, Capital Gains and TaxesFinancial Highlights

The Fund SummaryInvestment Objective. The Fund seeks capital appreciation.Fees and Expenses of the Fund. This table describes the fees and expenses that you may pay if you buy and hold orredeem shares of the Fund. The accompanying prospectus of the participating insurance company provides informationon initial or contingent deferred sales charges, exchange fees or redemption fees for that variable life insurance policy,variable annuity or other investment product. The fees and expenses of those products are not charged by the Fund andare not reflected in this table. Expenses would be higher if those fees were included.Shareholder Fees(fees paid directly from your investment)Non-ServiceServiceMaximum Sales Charge (Load) imposed on purchases (as % of offering price)NoneNoneMaximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption nual Fund Operating Expenses(expenses that you pay each year as a percentage of the value of your investment)Management Fees0.63%0.63%.Distribution and/or Service (12b-1) FeesNone0.25%.Other Expenses0.15%0.15%.Total Annual Fund Operating Expenses0.78%1.03%Example.The following Example is intended to help you compare the cost of investing in the Fund with the cost ofinvesting in other mutual funds. Sales charges and fees for the variable life insurance policy, variable annuity or otherinvestment product offered by participating insurance companies are not charged by the Fund and are not reflected in theExample. Expenses would be higher if those fees were included. The Example assumes that you invest 10,000 in a classof shares of the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return eachyear and that the Fund’s operating expenses remain the same. Any applicable fee waivers and/or expense reimbursementsare reflected in the below examples for the period during which such fee waivers and/or expense reimbursements are ineffect. Although your actual costs may be higher or lower, based on these assumptions your expenses would be as follows,whether or not you redeemed your shares:1 Year3 Years5 Years10 YearsNon-Service Shares 80 250 435 970.Service Shares 106 329 571 1,266Portfolio Turnover. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or “turnsover” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs. These costs, which are notreflected in the annual fund operating expenses or in the Example, affect the Fund’s performance. During the most recentfiscal year, the Fund’s portfolio turnover rate was 16% of the average value of its portfolio.Principal Investment Strategies. The Fund invests mainly in common stock of U.S. and foreign companies. The Fundcan invest without limit in foreign securities and can invest in any country, including countries with developing or emergingmarkets. However, the Fund currently emphasizes its investments in developed markets such as the United States,Western European countries and Japan. The Fund does not limit its investments to companies in a particular marketcapitalization range, but primarily invests in mid- and large-cap companies.Under normal market conditions, the Fund will invest in at least three different countries (one of which may be theUnited States). Typically, the Fund invests in a number of different countries. The Fund is not required to allocate itsinvestments in any set percentages in any particular countries.The portfolio manager primarily looks for quality companies, regardless of domicile, that have sustainable growth. Thisinvestment approach combines a thematic approach to idea generation with bottom-up, fundamental company analysis.The portfolio manager seeks to identify secular changes in the world and looks for pockets of durable change that hebelieves will drive global growth for the next decade. These large scale structural themes are referred to collectively asMANTRA : Mass Affluence, New Technology, Restructuring, and Aging. The portfolio manager does not target a fixedallocation with regard to any particular theme, and may choose to focus on various sub-themes within each theme. Withineach sub-theme, the portfolio manager employs fundamental company analysis to select investments for the Fund’sportfolio. The economic characteristics he seeks include a combination of high return on invested capital, good cash flowcharacteristics, high barriers to entry, dominant market share, a strong competitive position, talented management, andOppenheimer Global Fund/VA1

balance sheet strength that the portfolio manager believes will enable the company to fund its own growth. These criteriamay vary. The portfolio manager also considers how industry dynamics, market trends and general economic conditionsmay affect a company’s earnings outlook.The portfolio manager has a long-term investment horizon of typically three to five years. He also has a contrarian buydiscipline; he buys high quality companies that fit his investment criteria when their valuations underestimate theirlong-term earnings potential. For example, a company’s stock price may dislocate from its fundamental outlook due to ashort-term earnings glitch or negative, short-term market sentiment, which can give rise to an investment opportunity. Theportfolio manager monitors individual issuers for changes in earnings potential or other effects of changing marketconditions that may trigger a decision to sell a security, but do not require a decision to do so.Principal Risks. The price of the Fund’s shares can go up and down substantially. The value of the Fund’s investmentsmay fall due to adverse changes in the markets in which the Fund invests or because of poor investment selection, whichcould cause the Fund to underperform other funds with similar investment objectives. There is no assurance that the Fundwill achieve its investment objective. When you redeem your shares, they may be worth less than what you paid for them.These risks mean that you can lose money by investing in the Fund.Risks of Investing in Stocks. The value of the Fund’s portfolio may be affected by changes in the stock markets. Stockmarkets may experience significant short-term volatility and may fall sharply at times. Adverse events in any part of theequity or fixed-income markets may have unexpected negative effects on other market segments. Different stock marketsmay behave differently from each other and U.S. stock markets may move in the opposite direction from one or moreforeign stock markets.The prices of individual stocks generally do not all move in the same direction at the same time. A variety of factors cannegatively affect the price of a particular company’s stock. These factors may include, but are not limited to: poor earningsreports, a loss of customers, litigation against the company, general unfavorable performance of the company’s sector orindustry, or changes in government regulations affecting the company or its industry. To the extent that securities of aparticular type are emphasized (for example foreign stocks, stocks of small- or mid-cap companies, growth or valuestocks, or stocks of companies in a particular industry), fund share values may fluctuate more in response to eventsaffecting the market for those types of securities.Industry and Sector Focus. At times the Fund may increase the relative emphasis of its investments in a particularindustry or sector. The prices of stocks of issuers in a particular industry or sector may go up and down in response tochanges in economic conditions, government regulations, availability of basic resources or supplies, or other events thataffect that industry or sector more than others. To the extent that the Fund increases the relative emphasis of itsinvestments in a particular industry or sector, its share values may fluctuate in response to events affecting that industry orsector. To some extent that risk may be limited by the Fund’s policy of not concentrating its investments in any one industry.Risks of Growth Investing. If a growth company’s earnings or stock price fails to increase as anticipated, or if its businessplans do not produce the expected results, its securities may decline sharply. Growth companies may be newer or smallercompanies that may experience greater stock price fluctuations and risks of loss than larger, more established companies.Newer growth companies tend to retain a large part of their earnings for research, development or investments in capitalassets. Therefore, they may not pay any dividends for some time. Growth investing has gone in and out of favor during pastmarket cycles and is likely to continue to do so. During periods when growth investing is out of favor or when markets areunstable, it may be more difficult to sell growth company securities at an acceptable price. Growth stocks may also bemore volatile than other securities because of investor speculation.Risks of Foreign Investing. Foreign securities are subject to special risks. Securities traded in foreign markets may beless liquid and more volatile than those traded in U.S. markets. Foreign issuers are usually not subject to the sameaccounting and disclosure requirements that U.S. companies are subject to, which may make it difficult for the Fund toevaluate 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 ofany income or distributions the Fund may receive on those investments. The value of foreign investments may be affectedby 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’sassets, or other political and economic factors. In addition, due to the inter-relationship of global economies and financialmarkets, changes in political and economic factors in one country or region could adversely affect conditions in anothercountry or region. Investments in foreign securities may also expose the Fund to time-zone arbitrage risk. Foreignsecurities may trade on weekends or other days when the Fund does not price its shares. As a result, the value of theFund’s net assets may change on days when you will not be able to purchase or redeem the Fund’s shares. At times, theFund may emphasize investments in a particular country or region and may be subject to greater risks from adverse eventsthat occur in that country or region. Foreign securities and foreign currencies held in foreign banks and securitiesdepositories may be subject to only limited or no regulatory oversight.Risks of Developing and Emerging Markets. Investments in developing and emerging markets are subject to all therisks associated with foreign investing, however, these risks may be magnified in developing and emerging markets.Developing or emerging market countries may have less well-developed securities markets and exchanges that may besubstantially less liquid than those of more developed markets. Settlement procedures in developing or emerging marketsmay differ from those of more established securities markets, and settlement delays may result in the inability to investassets or to dispose of portfolio securities in a timely manner. Securities prices in developing or emerging markets may be2Oppenheimer Global Fund/VA

significantly more volatile than is the case in more developed nations of the world, and governments of developing oremerging market countries may also be more unstable than the governments of more developed countries. Suchcountries’ economies may be more dependent on relatively few industries or investors that may be highly vulnerable tolocal and global changes. Developing or emerging market countries also may be subject to social, political or economicinstability. The value of developing or emerging market countries’ currencies may fluctuate more than the currencies ofcountries with more mature markets. Investments in developing or emerging market countries may be subject to greaterrisks of government restrictions, including confiscatory taxation, expropriation or nationalization of a company’s assets,restrictions on foreign ownership of local companies, restrictions on withdrawing assets from the country, protectionistmeasures, and practices such as share blocking. In addition, the ability of foreign entities to participate in privatizationprograms of certain developing or emerging market countries may be limited by local law. Investments in securities ofissuers in developing or emerging market countries may be considered speculative.Eurozone Investment Risks. Certain of the regions in which the Fund may invest, including the European Union (EU),currently experience significant financial difficulties. Following the global economic crisis that began in 2008, some ofthese countries have depended on, and may continue to

Oppenheimer Gold & Special Minerals Fund Oppenheimer S&P 500 Revenue ETF Oppenheimer Government Cash Reserves Oppenheimer S&P Financials Revenue ETF Oppenheimer Government Money Fund/VA Oppenheimer S&P MidCap 400 Revenue ETF Oppenheimer Government Money Market Fund