Portfolio Builder SM Dollar Cost Averaging Form

Transcription

1 Portfolio Builder SM Dollar Cost Averaging Form Instructions Questions? Please call Please print neatly in all CAPITAL LETTERS and use black ink to fill out this form. Please complete an OppenheimerFunds Portfolio Builder Application. The Portfolio Builder Dollar Cost Averaging Form is for Portfolio Builder Class A and C shares only. It is not available for Portfolio Builder 403(b) or Single K plans. The minimum number of funds is three, with a maximum of five funds, not to include Money Market Fund or Cash Reserves. The Portfolio Builder dollar cost averaging program requires a minimum investment of $10,000 within the 13-month period in a Portfolio Builder account. A minimum of $3,000 must be initially invested into Portfolio Builder to meet the $1,000 per fund minimum. Please send us this completed and signed form with your application and a check made payable to OppenheimerFunds Distributor, Inc. Mail this form to: OppenheimerFunds Distributor, Inc. Attn.: Portfolio Builder Regular Mail Overnight Mail P.O. Box E. Iliff Avenue, Suite 300 Denver, CO Aurora, CO Complete attached Letter of Intent form if opening a new A-share Portfolio Builder account with dollar cost averaging or investing further in an existing A-share Portfolio Builder account. 1 Fund selection Please open an account and invest the attached check in Oppenheimer Money Market Fund or Oppenheimer Cash Reserves A 1 and systematically exchange my investment into Portfolio Builder per my current target allocation. Any additional investments to this account will be allocated in the same manner. A. Please write your Portfolio Builder account number into which you wish to exchange. Portfolio Builder Account No. B. If you have an existing Portfolio Builder account that you wish to add to, please indicate your Portfolio Builder account number. Portfolio Builder Account No. C. If you wish to systematically exchange from your existing Money Market or Cash Reserves Account into a Portfolio Builder account, please indicate your account number. Money Market or Cash Reserves Account No. Portfolio Builder Account No. (if existing) 1. Oppenheimer Money Market Fund will be used for Portfolio Builder A-share account. Oppenheimer Cash Reserves A will be used for Portfolio Builder C-share account. PB Page 1 of 6

2 2 Frequency of exchanges Please execute these exchanges each Month Quarter on the 1st 5th 20th 25th 30th day of the month. $ Amount Per Exchange Please note: Any additional investments to this account will be exchanged within the 13-month period. 3 Statement of understanding I understand that I must exchange a minimum of $10,000 of this account to Portfolio Builder over a period of time not to exceed 13 months. I acknowledge that if I do not complete the movement of funds into the Portfolio Builder account within the 13-month period, my account may be moved outside of Portfolio Builder to a regular OppenheimerFunds account. I wish to purchase shares in my Portfolio Builder account per my current target allocation and acknowledge that I have received and read a current pros pectus for each fund and agree to the terms of the prospectus(es) of the applicable fund(s). I also understand that I must establish a Letter of Intent (form attached) if my Portfolio Builder account is an A-share account. Shareholder s Signature Joint Owner s Signature PB Page 2 of 6

3 Letter of Intent for Portfolio Builder Dollar Cost Averaging Instructions Use this form if you intend to purchase Class A shares of certain Oppenheimer funds at a reduced sales charge. If you are submitting this Letter of Intent in connection with a purchase of shares in a new account, please obtain a prospectus of the Fund in which you wish to invest and complete an OppenheimerFunds Portfolio Builder New Account Application. For information, call your financial advisor or OppenheimerFunds Portfolio Builder directly at Letter of Intent Please read the following and indicate the amount you intend to invest. Please print clearly. I am submitting this Letter of Intent to purchase shares of certain Oppenheimer funds. I have read and understand the Letter of Intent provisions in the Prospectus and Statement of Additional Information of the applicable fund and the Terms of Escrow on the back of this form. I intend to invest in Class A shares of certain Oppenheimer funds (sold with a front-end sales charge or subject to a contingent deferred sales charge) during the 13-month period from the date of my first purchase pursuant to this Letter (which cannot be more than 90 days prior to the date of this Letter). The Portfolio Builder dollar cost averaging program requires a minimum investment of $10,000 within the 13-month period in a Portfolio Builder account. The aggregate amount of such purchases (excluding any shares purchased by reinvestment of dividends or capital gains distributions), together with my present holdings of Class A shares of such funds (calculated at their respective public offering prices on the date of this Letter), will equal or exceed the minimum amount checked below ($25,000 minimum for those funds with maximum front-end sales charge rate for Class A shares of 5.75%; $50,000 minimum for those funds with maximum front-end sales charge rate for Class A shares of 4.75%; $100,000 minimum for those funds with maximum front-end sales charge rate for Class A shares of 3.50% and 2.25%): $25,000 $50,000 $100,000 $250,000 $500,000 $1,000,000 1 Subject to the conditions below, each purchase of Class A shares will be made at the public offering price that applies to a single transaction in the aggregate dollar amount checked above, as described in the applicable prospectus. I am making no commitment to purchase shares, but if my purchases of shares within 13 months from the date of my first purchase, when added to my present holdings, do not aggregate the minimum amount specified above, I will pay the additional amount of sales charge prescribed in the Terms of Escrow set forth on this form, as those terms may be amended from time to time in the Prospectus or in the Statement of Additional Information for the respective fund. I understand that up to 5% of the minimum dollar amount checked above will be held in escrow in the form of shares (computed to the nearest full share). These shares will be held subject to the Terms of Escrow. The commission allowed by OppenheimerFunds Distributor, Inc. to the dealer for each purchase transaction shall be at the rate applicable to the minimum amount of my intended purchases stated above. If my actual purchases do not reach this minimum amount, the commissions previously paid to such dealer will be adjusted to the rate applicable to my total actual purchases. If my total purchases exceed the dollar amount of my total intended purchases and pass the next commission breakpoint, I shall receive the lower sales charge, provided that such dealer returns to OppenheimerFunds Distributor, Inc. the excess of commissions previously allowed or paid to the dealer over that which would be applicable to the amount of my total purchases. In determining the total amount of purchases made hereunder, shares disposed of by me prior to termination of this Letter will be deducted. It shall be my dealer s responsibility to refer to this Letter of Intent in placing any future purchase orders for me while the Letter is in effect. In addition, all purchases under this Letter must be placed through OppenheimerFunds Distributor, Inc. 1. Purchases of Class A shares in amounts aggregating $1 million or more are not subject to a front-end sales charge but the redemption proceeds of such shares redeemed within 18 months of the end of the calendar month of their purchase may be subject to a contingent deferred sales charge. (See the applicable prospectus for details.) PB Page 3 of 6

4 2 Your fund accounts Please list all new and/or existing accounts currently held in Oppenheimer funds. (If a new account, please complete and mail with your OppenheimerFunds Portfolio Builder New Account Application.) PB Page 4 of 6

5 3 Your signature(s) Please have all account owners sign below. Individual or Custodial Accounts Signature of Individual or Custodian Signature of Joint Registrant, if any Corporations, Partnerships, Trusts, etc. Signature of Corporate Officer, General Partner, Trustee, etc. Title of Corporate Officer, Trustee, etc. 4 Financial advisor information Representative ID No. Clearing Firm No. First Name M.I. Last Name Clearing Firm Name FINRA Branch Address City State Zip ( ) Financial Advisor s Phone No. Financial Advisor s Address Please see next page for important information. PB Page 5 of 6

6 In submitting a Letter of Intent, the investor agrees to be bound by the terms and conditions applicable to Letters of Intent appearing in the Prospectus and the Statement of Additional Information of the applicable fund and the Terms of Escrow below, as they may be amended from time to time by the Fund. Such amendments will apply automatically to existing Letters of Intent. Terms of Escrow for Letters of Intent 1. Out of the initial purchase (or subsequent purchases if necessary), up to 5% of the dollar amount specified in the Letter of Intent ( Letter ) shall be held in escrow in shares of the Fund by the Fund s transfer agent. For example, if the minimum amount specified under the Letter is $50,000, the escrow shall be shares valued in the amount of $2,500 (computed at the public offering price adjusted for a $50,000 purchase). All dividends and any capital gains distributions on the escrowed shares will be credited to the investor s account. 2. If the total minimum investment specified under the Letter is completed within a 13-month period, the escrowed shares will be promptly released to the investor. However, shares redeemed prior to completion of the purchase requirement under the Letter will be deducted from the amount required to complete the investment commitment. 3. If the total purchases pursuant to the Letter are less than the amount specified in the Letter as the intended aggregate purchases, the investor must remit to OppenheimerFunds Distributor, Inc. ( Distributor ) an amount equal to the difference between the dollar amount of sales charges actually paid and the amount of sales charges which would have been paid if the total amount purchased had been made at a single time. If such difference in sales charges is not paid within 20 days after a request from the Distributor or the dealer, the Distributor will, within 60 days of the expiration of the Letter, redeem the number of escrowed shares necessary to realize such difference in sales charges. Full and fractional shares remaining after such redemption will be released from escrow if a request is received to redeem escrowed shares prior to the payment of such additional sales charge, the sales charge will be withheld from the redemption proceeds. 4. By signing the Letter, the investor irrevocably constitutes and appoints the transfer agent of the Fund as attorney-in-fact to surrender for redemption any or all escrowed shares prior to the payment of such additional sales charge, the sales charge will be withheld from the redemption proceeds. 5. The shares eligible for purchase under the Letter (or the holding of which may be counted toward completion of the Letter) include Class A shares sold with a front-end sales charge or subject to a Class A contingent deferred sales charge or Class A shares acquired in exchange for Class A shares of one of the other Oppenheimer funds that were acquired subject to a Class A initial or contingent sales charge. The Portfolio Builder dollar cost averaging program requires a minimum investment of $10,000 within the 13-month period in a Portfolio Builder account. 6. Shares held in escrow hereunder will automatically be exchanged for shares of another fund for which an exchange is requested as to the shareholder s account, as described in the section of the Prospectus titled Exchange Privilege. PB March 5, 2015 Page 6 of 6