Oppenheimer Global Value Fund -- 5 Years of Differentiated Thinking

NEW YORK, Oct. 4, 2012 /PRNewswire/ -- Monday, October 1, marked the 5th anniversary of Oppenheimer Global Value Fund (Ticker: GLVAX), managed by Portfolio Manager Randall Dishmon. The Fund takes a long-term approach focused on global companies that trade at a price below their private market value.

The long-term focus on paying the right price and seeking quality companies with durable advantages has delivered strong returns relative to its peers. Oppenheimer Global Value Fund (Class A shares) was ranked in the top 15% of the Morningstar World Stock category for the past 5 years (ranked 80th out of 533 funds) as of 10/1/12, based on total return.1

"Randy has achieved solid results via a disciplined approach to investing in a challenging environment," said George Evans, Director of Equities at OppenheimerFunds. "By focusing on quality companies that are priced well below their long-term value, Randy has been able to uncover opportunities from anywhere in the world for our shareholders. The Fund's performance record is a strong proof statement."

Since inception (10/1/07), Oppenheimer Global Value Fund (Class A shares) has produced a 5.14% cumulative return and 1.01% average annualized return (without sales charges). By comparison, over the same period, the MSCI World Index (gross return), the Fund's benchmark, produced a cumulative return of -7.64 percent and average annualized return of -1.58 percent (10/01/07 through 09/28/12).2

"Successful investing is about what you pay and what you get. We focus all of our attention on finding good businesses that are mispriced, often poorly understood, and out of favor with the herd. We value businesses. We tear them apart, understand them, try to understand the hearts and minds of the people running them and figure out what the businesses are worth to an informed buyer. That's how we make sure that what we get is worth far more than what we pay," said Randy Dishmon. "Long-term outperformance requires that you think differently, behave differently, and that you are right. That's what drives all of our efforts on the Global Value Fund. We look forward to continuing in our goal to provide successful investment results for our clients."

The Fund's average annual total returns, including the 5.75% maximum applicable sales charge, for the 1-, 3- and 5-year periods ended 9/28/12, are 14.84%, 9.29% and -0.18%, respectively. The Fund's gross expense ratio is 1.41%.

The performance data quoted represents past performance, which does not guarantee future results. The investment return and principal value of an investment in the Fund will fluctuate so that an investor's shares, when redeemed, may be worth more or less than the original cost. Current performance and expense ratio may be lower or higher than the data quoted. For performance data current to the most recent month-end, visit oppenheimerfunds.com or call 1.800 CALL OPP (225.5677). Fund returns include changes in share price, reinvested distributions, and a 5.75% maximum applicable sales charge except where "without sales charge" is indicated. Returns do not consider capital gains or income taxes on an individual's investment.

About OppenheimerFunds, Inc.

OppenheimerFunds, Inc. is one of the nation's largest and most respected investment management companies. As of September 30, 2012, OppenheimerFunds, Inc., including subsidiaries, managed more than $186.4 billion in assets. Known for its tagline The Right Way to Invest, OppenheimerFunds, Inc. has been helping investors reach their financial goals since 1960. The Company and its controlled affiliates offer a broad range of products and services to individuals, corporations and institutions, including mutual funds, separately managed accounts, investment management for institutions, qualified retirement plans and sub-advisory investment-management services.

1 Oppenheimer Global Value Fund: Morningstar Percentile Rank and Ranking in the World Stock category, Class A shares, based on total return: top 35% for 1-year period (fund ranked 315th out of 902 funds), top 8% for 3-year period (fund ranked 59th out of 739 funds), top 15% for the 5-year (fund ranked 80th out of 533 funds) as of 10/1/12.

Source: Morningstar (9/28/12).Morningstar ranking is for Class A shares and ranking may include more than one share class of funds in the category, including other share classes of this Fund. Ranking is based on total return as of 9/28/12, without considering sales charges. Different share classes may have different expenses and performance characteristics. Fund rankings are subject to change monthly. The fund's total-return percentile rank is relative to all funds that are in the Morningstar World Stock category. The highest (or most favorable) percentile rank is 1 and the lowest (or least favorable) percentile rank is 100. The top performing fund in a category will always receive a rank of 1. Past performance does not guarantee future results.

2 The Morgan Stanley Capital International ("MSCI") World Index is a broad-based index, widely used as a measure of stock market performance. The index is unmanaged and cannot be purchased directly by investors. Index performance is shown for illustrative purposes only and does not predict or depict the performance of the Fund. Past performance does not guarantee future results.

Foreign investments may be volatile and involve additional expenses and special risks, including currency fluctuations, foreign taxes and political and economic uncertainties. Emerging and developing market investments may be especially volatile. Value investing involves the risk that undervalued securities may not appreciate as anticipated. Small- and mid-sized company stock is typically more volatile than that of larger, more established businesses, as these stocks tend to be more sensitive to changes in earnings expectations and tend to have lower trading volumes than large-cap securities, creating potential for more erratic price movements. It may take a substantial period of time to realize a gain on an investment in a small- or mid-sized company, if any gain is realized at all. Diversification does not guarantee profit or protect against loss.

Shares of mutual funds are not deposits or obligations of any bank, are not guaranteed by any bank, are not insured by the FDIC or any other agency, and involve investment risks, including the possible loss of the principal amount invested.

Before investing in any of the Oppenheimer funds, investors should carefully consider a fund's investment objectives, risks, charges and expenses. Fund prospectuses and summary prospectuses contain this and other information about the funds, and may be obtained by asking your financial advisor, visiting oppenheimerfunds.com, or calling 1.800.525.7048. Read prospectuses and summary prospectuses carefully before investing.

Oppenheimer funds are distributed by OppenheimerFunds Distributor, Inc. Two World Financial Center, 225 Liberty Street, New York, NY, 10281

© 2012 OppenheimerFunds Distributor, Inc. All Rights Reserved.

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