PLACAS DE ANCLAJE

Financial intermediaries may receive various forms of compensation or reimbursement from the Fund in the form of 12b-1 distribution and service plan payments as described above. They may also receive payments or concessions from the Distributor, derived from sales charges paid by the financial intermediary’s clients, also described in this SAI. In addition, the Sub-Adviser, the Transfer Agent, Sub-Transfer Agent and the Distributor may make payments to financial intermediaries in connection with the intermediaries’ offering and sales of Fund shares and shares of other Oppenheimer funds, or their provision of marketing or promotional support, transaction processing, sub-accounting, operational and recordkeeping, networking or administrative services. Among the financial intermediaries that may receive these payments are brokers or dealers who sell or hold shares of the Fund, banks (including bank trust departments), registered investment advisers, insurance companies, retirement plan or qualified tuition program administrators, third party administrators, recordkeepers or other institutions that have selling, servicing or other arrangements with the Transfer Agent, Sub-Transfer Agent, Sub-Adviser or the Distributor. The payments to financial intermediaries vary by the types of products sold, the features of the Fund share class and the role played by the intermediary.*

Types of payments to financial intermediaries may include, without limitation, all or portions of the following: 1. Payments made by the Fund, or by an investor buying or selling shares of the Fund, including:

Ÿ an initial front-end sales charge, all or a portion of which is payable by the Distributor to financial intermediaries (see the

“More About Your Account” section in the Prospectus); and

Ÿ ongoing asset-based distribution and/or service fees (described in the section “Distribution and Service Arrangements -

Distribution and Service (12b-1) Plans” above.

2. Payments made by the Transfer Agent or Sub-Transfer Agent of the Oppenheimer funds to intermediaries, including fees for providing omnibus accounting, operational and recordkeeping, networking, sub-transfer agency or other administrative services.

3. In addition, the Sub-Adviser or Distributor may, at their discretion, make the following types of payments from their own resources, which may include profits the Sub-Adviser derives from investment advisory fees paid by the Fund. Payments are made based on the guidelines established by the Sub-Adviser and Distributor, subject to applicable law. These payments are often referred to as “revenue sharing” payments, and may include:*

Ÿ compensation for marketing or promotional support, support provided in offering shares in the Fund or other Oppenheimer

funds through certain trading platforms and programs, and other promotional or marketing services; and

Ÿ other compensation, to the extent the payment is not prohibited by law or by any self-regulatory agency, such as FINRA.

4. The Distributor may also provide, accept and/or cover the cost of certain non-cash compensation items, subject to internal policies and applicable FINRA regulations.

Although an intermediary that sells Fund shares may also act as a broker or dealer in connection with the purchase or sale of portfolio securities by the Fund or other Oppenheimer funds, neither the Manager, the Sub-Adviser nor any advisory affiliate considers a financial intermediary’s sales of shares of the Fund or other Oppenheimer funds when choosing brokers or dealers to effect portfolio transactions for the Fund or other Oppenheimer funds.*

Revenue sharing payments can pay for distribution-related or asset retention items including, without limitation: 

Ÿ charges for setting up access for the Fund or other Oppenheimer funds on particular trading systems;

Ÿ marketing, promotional support and program support, such as expenses related to including the Oppenheimer funds in

retirement plans, college savings plans, fee-based advisory or wrap fee-based programs, fund “supermarkets,” bank or trust company products or insurance companies’ variable annuity or variable life insurance products;

Ÿ placement on the dealer’s list of offered funds;

Ÿ providing representatives of the Distributor with access to a financial intermediary’s sales meetings, sales representatives and

management representatives; or

Ÿ firm support, such as business planning assistance, advertising, or educating a financial intermediary’s sales personnel about the

Oppenheimer funds.

These payments may provide an incentive to financial intermediaries to actively market or promote the sale of shares of the Fund or other Oppenheimer funds, or to support the marketing or promotional efforts of the Distributor in offering shares of the Fund or other Oppenheimer funds. In addition, some types of payments may provide a financial intermediary with an incentive to recommend the Fund or a particular share class. Financial intermediaries may earn profits on these payments, since the amount of the payments may exceed the cost of providing the services. Certain of these payments are subject to limitations under applicable law. Financial intermediaries may categorize and disclose these arrangements to their clients and to members of the public in a manner different from the disclosures in the Fund’s Prospectus and this SAI. You should ask your financial intermediary for information about any payments it receives from the Fund, the Transfer Agent, Sub-Transfer Agent, Sub-Adviser or the Distributor and any services it provides, as well as the fees and commissions it charges.

For the year ended December 31, 2014, the following financial intermediaries and/or their affiliates (which in some cases are broker- dealers) offered shares of the Oppenheimer funds and received revenue sharing or similar distribution-related payments (of at least $5,000) from the Sub-Adviser or the Distributor for marketing or program support:

1ST Global Capital Corp Lincoln Investment Planning, Inc. AIG Advisor Group, Inc. LPL Financial Corporation

Allianz Life Insurance Company Massachusetts Mutual Life Insurance Company Allstate Life Insurance Company MetLife Investors Insurance Company American General Annuity Insurance Company MetLife Securities, Inc.

American Portfolios Financial Services Inc. MML Bay State Life Insurance Company Ameriprise Financial Services, Inc. Morgan Stanley Smith Barney LLC Ameritas Life Insurance Company National Planning Holdings, Inc. AXA Advisors, LLC Nationwide Financial Services, Inc. Bank of America Merrill Lynch NFP Securities Inc.

Cadaret Grant & Co. Northwestern Mutual Investment Services, LLC Cambridge Investment Research Oppenheimer & Co. Inc.

CCO Investment Services Corporation Park Avenue Securities LLC Cetera Financial PlanMember Securities Corp. Citigroup Global Markets Inc. PNC Investments LLC

C.M. Life Insurance Company Protective Life and Annuity Insurance Company Commonwealth Financial Network Prudential Investment Management Services, Inc. CUNA Brokerage Services, Inc. Pruco Life of Arizona

CUSO Financial Services, LP Raymond James & Associates Inc. Edward Jones and Company Raymond James Financial Services, Inc.

GE Life and Annuity Company RBC Capital Markets Genworth Financial, Inc. Riversource Life Insurance Co. Goldman Sachs & Co Robert W. Baird & Co. Great West Life Insurance Company Securities America, Inc. Guardian Insurance & Annuity Company, Inc. Security Financial Resources, Inc GWFS Equities, Inc. Signator Investments, Inc.

H. Beck, Inc. State Farm VP Management Corp.

H.D. Vest Investment Services, Inc. Stifel Nicolaus & Co., Inc.

Hartford Life Insurance Company Sun Life Assurance Company of Canada (U.S.) ING Sun Life Insurance and Annuity Companyof New York Investacorp, Inc. Sun Life Insurance and Annuity Company (Bermuda) Ltd. Investors Capital Corp. Sun Trust Bank

Janney Montgomery Scott LLC Sun Trust Investment Services, Inc. JP Morgan Chase Bank Thrivent Investment Management Legend Equities Co. Transamerica Life Insurance Co Lincoln Benefit Life UBS Financial Services, Inc.

Lincoln Financial Securities Corporation Wells Fargo Advisors/First Clearing LLC

For the year ended December 31, 2014, the following financial intermediaries and/or their affiliates (which in some cases are broker- dealers) received payments from the Transfer Agent or Sub-Transfer Agent (of at least $2,500) for operational and recordkeeping, networking, sub-accounting or administrative services provided:

1ST Global Capital Corp Lincoln Investment Planning Inc.

ACS HR Solutions LLC LPL Financial Corporation

ADP Broker-Dealer, Inc. Marshall & Ilsley Trust Company, Inc.

Alerus Retirement Solutions Massachusetts Mutual Life Insurance Company

Allianz Life Insurance Company Matrix Settlement & Clearance Services

Allstate Life Insurance Company Mercer HR Services

American Funds Merrill Lynch, Pierce, Fenner & Smith, Inc.

American General Annuity Insurance Company Mid Atlantic Capital Co.

American United Life Insurance Co. Milliman, Inc.

Ameriprise Financial Services, Inc. Minnesota Life Insurance Company

Ameritas Life Insurance Company Morgan Stanley Smith Barney, LLC

Annuity Investors Life Insurance Company National City Bank

Ascensus New York Life Insurance and Annuity Company

AXA Equitable Life Insurance Company Newport Retirement Services

Benefit Consultants Group Northwest Plan Services Inc.

Benefit Plans Administrative Services, Inc. Oppenheimer & Co. Inc.

Benefit Trust Company Pacific Life Insurance Co.

Benetech, Inc. Penson Financial Services

Charles Schwab & Co., Inc. Pershing LLC

City National Investments Trust Phoenix Life Insurance Company

CPI Qualified Plan Consultants Plan Administrators Inc.

CUNA Mutual Insurance Society PlanMember Securities

DA Davidson & Co. Principal Life Insurance

DailyAccess Corporation Protective Life and Annuity Insurance Company

Davenport & Co., LLC Prudential

David Lerner Associates, Inc. Pruco Life of Arizona

Digital Retirement Solutions PSMI Group

Dyatech, LLC Raymond James Financial Services, Inc.

E*TRADE Clearing LLC RBC Capital Markets, LLC

Edward Jones and Company Reliance Trust Co.

ExpertPlan Retirement Plan Services Robert W. Baird & Co., Inc.

Fidelity Brokerage Services LLC Security Financial Resources, Inc.

GE Financial Assurance Standard Insurance Co.

GE Life and Annuity Company Stifel Nicolaus & Company Incorporated

Genworth Financial, Inc. Sun Life Insurance Company

Goldman Sachs & Co. T. Rowe Price

Great West Life Insurance Company TD Ameritrade Clearing, Inc.

Guardian Insurance & Annuity Company, Inc. The Retirement Plan Company, LLC H.D. Vest Investment Services, Inc. Tiaa-Cref Individual & Institutional

Hartford Life & Annuity Company Transamerica Life Insurance Co.

Hartford Life Insurance Company Transamerica Retirement Services

Hewitt Associates LLC Trust Company of America

ING UBS Financial Services, Inc.

Intuition Systems, Inc. Unified Fund Services, Inc.

Jackson National Life Insurance Company Union Central Life Insurance Company

Jefferson National Life Insurance USAA Investment Management Co.

John Hancock Life Insurance Company (U.S.A) VALIC Financial Advisors, Inc.

JP Morgan Securities, Inc. Vanguard Group

Kemper Investors Life Insurance Company Wells Fargo Advisors LLC

Lincoln Benefit National Life Wilmington Trust Company