Oppenheimer Equity Income I

The investment seeks total return.
The fund mainly invests in common stocks of U.S. companies that the portfolio manager believes are undervalued. It will invest at least 80% of its net assets, plus borrowings for investment purposes, in equity securities. The fund may invest in equity securities issued by companies of different capitalization ranges, but will typically focus on larger capitalization stocks. It does not intend to invest more than 25% of its net assets in securities of issuers in any single foreign country or more than 5% of its net assets in companies or government issuers in emerging market countries.

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