Form N-Q OPPENHEIMER SENIOR FLOAT For: Oct 31

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December 27, 2018 5:10 PM EST

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UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, D.C. 20549

FORM N-Q

QUARTERLY SCHEDULE OF PORTFOLIO HOLDINGS OF REGISTERED

MANAGEMENT INVESTMENT COMPANY

Investment Company Act file number 811-09373

Oppenheimer Senior Floating Rate Fund

(Exact name of registrant as specified in charter)

6803 South Tucson Way, Centennial, Colorado 80112-3924

(Address of principal executive offices) (Zip code)

Cynthia Lo Bessette

OFI Global Asset Management, Inc.

225 Liberty Street, New York, New York 10281-1008

(Name and address of agent for service)

Registrant’s telephone number, including area code: (303) 768-3200

Date of fiscal year end: July 31

Date of reporting period: 10/31/2018

Item 1. Schedule of Investments.

STATEMENT OF INVESTMENTS October 31, 2018 Unaudited


	Principal Amount		Value
Corporate Loans—94.6%
Consumer Discretionary—30.1%
Auto Components—0.1%
Tower Automotive Holdings USA LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.063%, [LIBOR12+275], 3/7/24¹	$	18,417,848	$	18,417,848

Distributors—2.8%
Albertson’s LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B4, 5.052%-5.052%, [LIBOR12+275], 8/25/21¹		29,740,420		29,733,728
Tranche B6, 5.311%-5.311%, [LIBOR4+300], 6/22/23¹		19,431,353		19,378,402
Tranche B7, 5.487%-5.487%, [LIBOR4+300], 10/26/25¹		9,692,122		9,629,559
Alphabet Holdings Co., Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.802%, [LIBOR4+350], 9/26/24¹		50,524,338		48,521,553
Ascena Retail Group, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.813%, [LIBOR12+450], 8/21/22¹		28,025,412		27,261,720
Bass Pro Group LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 7.242%-7.449%, [LIBOR12+500], 9/25/24¹		77,459,206		77,563,001
Belk, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 7.034%, [LIBOR4+475], 12/12/22¹		13,535,242		11,410,954
Harbor Freight Tools USA, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.802%, [LIBOR12+250], 8/18/23¹		10,565,676		10,412,474
JC Penney Corp., Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.567%, [LIBOR4+425], 6/23/23¹		14,058,496		12,652,647
Jo-Ann Stores LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 7.477%, [LIBOR4+500], 10/20/23¹		5,406,898		5,428,877
Michaels Stores, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.742%-4.797%, [LIBOR12+250], 1/30/23¹		25,264,020		25,141,742
Party City Holding, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.00%-5.06%, [LIBOR12+275], 8/19/22¹		12,513,213		12,571,275
Petco Animal Supplies, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B1, 5.777%, [LIBOR4+300], 1/26/23¹		43,635,545		33,970,272
PetSmart, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.28%, [LIBOR12+300], 3/11/22¹		87,391,489		74,332,579
United Natural Foods, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.552%, [LIBOR12+425], 10/15/25¹		46,210,000		43,495,163

				441,503,946

Diversified Consumer Services—0.8%
4L Technologies, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.795%, [LIBOR4+450], 5/8/20¹		62,115,128		60,853,569
IQOR US, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 7.398%, [LIBOR4+500], 4/1/21¹		59,988,552		56,064,401
IQOR US, Inc., Sr. Sec. Credit Facilities 2nd Lien Term Loan, 11.148%, [LIBOR4+875], 4/1/22¹		7,155,000		5,697,169

				122,615,139

Hotels, Restaurants & Leisure—7.4%
24 Hour Fitness Worldwide, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.802%, [LIBOR12+350], 5/30/25¹		28,678,125		28,767,744

1 OPPENHEIMER SENIOR FLOATING RATE FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Hotels, Restaurants & Leisure (Continued)
Boyd Gaming Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.467%, [LIBOR52+250], 9/15/23¹	$	24,548,556	$	24,610,050
Caesars Growth Properties Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.052%, [LIBOR4+275], 12/23/24¹		220,494,200		220,816,122
CDS US Intermediate Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.136%, [LIBOR4+375], 7/8/22¹		14,960,714		14,811,107
CEOC LLC, Sr. Sec. Credit Facilities 1st Lien Exit Term Loan, Tranche B, 4.302%, [LIBOR12+200], 10/7/24¹		39,243,969		39,096,804
Churchill Downs, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.31%, [LIBOR12+200], 12/27/24¹		13,364,013		13,405,775
CityCenter Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.552%, [LIBOR12+225], 4/18/24¹		53,725,311		53,683,405
Delta 2 Lux Sarl, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B3, 4.802%, [LIBOR12+250], 2/1/24¹		68,618,490		67,989,601
Eldorado Resorts, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.563%, [LIBOR4+225], 4/17/24¹		37,354,455		37,436,261
Everi Payments, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.302%, [LIBOR12+300], 5/9/24¹		42,690,272		42,890,489
Fitness & Sports Clubs LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.492%, [LIBOR4+325], 4/18/25¹		8,472,742		8,500,998
Four Seasons Hotels Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.302%, [LIBOR12+200], 11/30/23¹		10,463,625		10,478,536
Gateway Casinos & Entertainment Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.386%, [LIBOR4+300], 12/1/23¹		11,541,075		11,587,932
GVC Holdings plc, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B2, 4.742%, [LIBOR4+275], 3/29/24¹		27,830,150		27,951,907
LTI Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.802%, [LIBOR12+350], 9/6/25¹		47,492,000		47,506,960
Scientific Games International, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B5, 4.449%-5.052%, [LIBOR6+275], 8/14/24¹		118,215,864		117,234,081
SeaWorld Parks & Entertainment, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B5, 5.398%, [LIBOR12+300], 3/31/24¹		39,129,041		39,111,433
Stars Group Holdings BV, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.896%, [LIBOR4+350], 7/10/25¹		112,912,013		113,539,239
Station Casinos LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.81%, [LIBOR12+250], 6/8/23¹		62,117,458		62,159,077
Town Sports International LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.802%, [LIBOR12+350], 11/15/20¹		35,682,500		35,191,865
VICI Properties 1 LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.28%, [LIBOR12+350], 12/20/24¹		3,725,111		3,721,032
Weight Watchers International, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.86%-7.15%, [LIBOR12+475], 11/29/24¹		103,873,914		104,636,868

2 OPPENHEIMER SENIOR FLOATING RATE FUND


	Principal Amount		Value
Hotels, Restaurants & Leisure (Continued)
Wyndham Hotels & Resorts, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.052%, [LIBOR4+200], 5/30/25¹	$	13,580,000	$	13,591,339
Wynn Resorts Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.67%, [LIBOR4+225], 10/18/24¹		17,777,000		17,724,291

				1,156,442,916

Household Durables—2.6%
ABG Intermediate Holdings 2 LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.742%, [LIBOR4+350], 9/27/24¹		34,309,803		34,213,393
American Greetings Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.804%, [LIBOR12+450], 4/6/24¹		29,590,838		29,683,309
Anastasia Parent LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.027%, [LIBOR12+375], 8/11/25¹		8,015,000		7,999,972
Coty, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.531%, [LIBOR4+225], 4/7/25¹		51,406,163		50,484,964
Hanesbrands, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.052%, [LIBOR12+175], 12/16/24¹		4,492,368		4,503,599
HLF Financing Sarl, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.326%, [LIBOR12+325], 8/18/25¹		19,000,000		19,110,865
International Textile Group, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 7.256%, [LIBOR4+500], 5/1/24¹		18,296,925		18,388,410
Libbey Glass, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.281%, 4/9/21²		4,575,000		4,569,281
Lifetime Brands, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.802%, [LIBOR12+350], 2/28/25¹		7,955,025		7,935,138
Revlon Consumer Products Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.476%, [LIBOR12+350], 9/7/23¹		69,643,538		51,246,153
Rodan & Fields LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.28%, [LIBOR12+400], 6/16/25¹		38,034,675		38,296,163
Serta Simmons Bedding LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.50%-5.777%, [LIBOR4+350], 11/8/23¹		126,316,167		114,248,552
SIWF Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.54%, [LIBOR12+425], 6/15/25¹		27,531,000		27,617,034
Varsity Brands Holdings Co., Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.802%, [LIBOR12+350], 12/16/24¹		4,699,032		4,712,988

				413,009,821

Media—16.1%
Acosta, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.492%, [LIBOR4+325], 9/26/21¹		4,459,700		3,324,506
Advantage Sales & Marketing, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.552%, [LIBOR4+325], 7/23/21¹		13,904,326		12,705,078
Altice Financing SA, Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B, 5.04%-5.04%, [LIBOR4+275], 7/15/25¹		44,123,925		43,165,995
Tranche B, 5.04%-5.04%, [LIBOR4+275], 1/31/26¹		1,965,113		1,924,582
Tranche B13, 6.28%-6.28%, [LIBOR4+400], 8/14/26¹		48,730,000		47,857,002
Altice US Finance I Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.492%, [LIBOR12+225], 7/28/25¹		41,124,583		41,111,835

3 OPPENHEIMER SENIOR FLOATING RATE FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Media (Continued)
Camelot Finance LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.552%, [LIBOR12+325], 10/3/23¹	$	16,853,117	$	16,874,183
CBS Radio, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B1, 5.037%, [LIBOR4+275], 11/18/24¹		44,327,834		44,194,850
Checkout Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.813%, [LIBOR12+350], 4/9/21¹		89,699,982		34,085,993
Clear Channel Communications, Inc., Extended Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche D, 9.052%, [LIBOR4+675], 1/30/19^1,3		395,239,541		286,878,693
Clear Channel Communications, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche E, 9.802%, [LIBOR4+750], 7/30/19^1,3		49,202,030		35,657,695
Cogeco Communications USA II LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.677%, [LIBOR12+237.5], 1/3/25¹		24,802,838		24,730,909
CSC Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B, 4.323%-4.323%, [LIBOR12+225], 7/17/25¹		53,135,032		53,087,742
Tranche B, 4.658%-4.658%, 1/15/26²		36,970,000		36,952,809
Tranche B, 4.78%-4.78%, [LIBOR4+250], 1/25/26¹		6,766,000		6,771,277
Deluxe Entertainment Services Group, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 8.027%, [LIBOR4+550], 2/28/20¹		42,287,482		37,759,339
Endemol, Sr. Sec. Credit Facilities 1st Lien Term Loan, 8.148%, [LIBOR4+575], 8/13/21¹		18,980		18,986
Gray Television, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.515%, [LIBOR12+250], 2/7/24¹		26,161,282		26,203,401
Harland Clarke Holdings Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B7, 7.084%, [LIBOR4+475], 11/3/23¹		42,512,647		39,961,888
Intelsat Jackson Holdings SA, Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B3, 6.045%-6.045%, [LIBOR4+375], 11/27/23¹		57,770,000		57,905,471
Tranche B4, 6.795%-6.795%, [LIBOR4+450], 1/2/24¹		8,985,000		9,366,863
ION Media Networks, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.05%, [LIBOR6+275], 12/18/20¹		78,338,473		78,558,996
Liberty Cablevision of Puerto Rico LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.936%, [LIBOR4+350], 1/7/22¹		56,800,000		55,927,836
Lions Gate Capital Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.552%, [LIBOR4+225], 3/24/25¹		39,322,400		39,248,867
MacDonald Dettwiler & Associates Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.148%, [LIBOR4+250], 10/4/24¹		23,917,986		23,272,201
MediArena Acquisition BV, Sr. Sec. Credit Facilities 1st Lien Term Loan, 8.087%, [LIBOR4+575], 8/13/21¹		56,476,557		56,494,347
Meredith Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.052%, [LIBOR6+300], 1/31/25¹		23,329,756		23,326,139
Metro-Goldwyn-Mayer, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.81%, [LIBOR4+250], 7/3/25¹		25,780,000		25,846,384
Metro-Goldwyn-Mayer, Inc., Sr. Sec. Credit Facilities 2st Lien Term Loan, Tranche B, 6.81%, [LIBOR4+450], 7/3/26¹		19,405,000		19,471,753
Mission Broadcasting, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B3, 4.67%, 1/17/24²		16,869,130		16,879,673

4 OPPENHEIMER SENIOR FLOATING RATE FUND


	Principal Amount		Value
Media (Continued)
Monarchy Enterprises Holdings BV, Sr. Sec. Credit Facilities 1st Lien Term Loan, 8.797%, [LIBOR4+650], 10/13/22^1,4	$	111,945,000	$	111,385,275
NEP Group, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.474%, [LIBOR4+325], 10/20/25¹		71,410,000		71,802,755
Nexstar Broadcasting, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.67%, 7/19/24²		105,453,034		105,518,942
Radiate Holdco LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.302%, [LIBOR12+300], 2/1/24¹		98,934,148		98,315,810
Red Ventures LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.408%-6.242%, 11/8/24²		48,984,383		49,290,535
Rovi Solutions Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.81%, [LIBOR12+250], 7/2/21¹		18,578,133		18,568,844
Sable International Finance Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B4, 5.552%, [LIBOR12+325], 1/30/26¹		31,495,000		31,528,542
SFR Group SA, Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B, 5.052%-5.052%, [LIBOR4+275], 7/31/25¹		15,386,591		14,886,527
Tranche B12, 5.967%-5.967%, [LIBOR4+300], 1/31/26¹		53,417,697		52,271,621
Sinclair Television Group, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B2, 4.56%, [LIBOR12+225], 1/3/24¹		69,663,892		69,903,187
SpeedCast International Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B, 4.886%-4.886%, [LIBOR4+250], 5/3/25¹		23,451,225		23,246,027
Tranche B, 5.065%-5.065%, [LIBOR4+275], 5/15/25¹		9,125,000		9,045,156
Technicolor SA, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.063%, [LIBOR4+275], 12/6/23¹		25,225,850		24,027,622
Telenet Financing USD LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.53%, [LIBOR12+225], 8/15/26¹		49,435,000		49,336,624
Telesat LL, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.89%, [LIBOR4+250], 11/17/23¹		21,090,258		21,137,711
Tribune Media Co., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.302%, [LIBOR12+300], 1/26/24¹		56,690,025		56,911,682
Unitymedia Finance LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche D, 4.53%, [LIBOR4+225], 1/15/26¹		15,220,000		15,215,815
Univision Communications, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche C5, 5.052%, [LIBOR12+275], 3/15/24¹		160,109,583		154,030,222
UPC Financing Partnership, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche AR, 4.78%, [LIBOR4+250], 1/15/26¹		63,374,554		63,219,921
Virgin Media Bristol LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche K, 4.78%, [LIBOR12+250], 1/15/26¹		76,510,000		76,533,718
WideOpenWest Finance LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.54%, [LIBOR12+325], 8/18/23¹		80,117,814		77,580,883
William Morris Endeavor Entertainment LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B1, 5.15%, [LIBOR6+275], 5/18/25¹		27,272,253		27,272,253
WMG Acquisition Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.427%, [LIBOR12+212.5], 11/1/23¹		22,077,000		22,024,678

5 OPPENHEIMER SENIOR FLOATING RATE FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Media (Continued)
Ziggo Secured Finance Partnership, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche E, 4.78%, [LIBOR12+250], 4/15/25¹	$	85,455,000	$	83,910,828

				2,526,530,471

Multiline Retail—0.3%
Neiman Marcus Group Ltd. LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.531%, [LIBOR12+325], 10/25/20¹		48,647,243		44,424,175

Consumer Staples—3.5%
Beverages—3.5%
1011778 BC ULC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.552%, [LIBOR12+225], 2/16/24¹		94,438,897		94,190,994
Dole Food Co., Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.78%-7.00%, [LIBOR12+275], 4/6/24¹		47,428,166		47,357,735
Golden Nugget, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 3.745%-5.186%, 10/4/23²		102,580,499		102,829,257
Hearthside Group Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.302%, [LIBOR12+300], 5/17/25¹		51,627,625		50,820,943
Hostess Brands LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.552%, [LIBOR12+225], 8/3/22¹		27,427,524		27,337,562
IRB Holding Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.128%-5.28%, [LIBOR12+325], 2/5/25¹		36,870,225		36,839,438
JBS USA LUX SA, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.886%, [LIBOR4+250], 10/30/22¹		27,948,131		27,990,054
KFC Holding Co., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.037%, [LIBOR12+175], 4/3/25¹		13,516,107		13,531,583
Mastronardi Produce Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.506%, [LIBOR12+325], 5/1/25¹		7,216,913		7,271,039
Nomad Foods Europe Midco Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.53%, [LIBOR12+225], 5/15/24¹		44,850,890		44,744,369
NPC International, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.802%, [LIBOR12+350], 4/19/24¹		11,309,278		11,367,238
Sigma US Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.398%, [LIBOR4+325], 7/2/25¹		50,830,000		50,766,463
Sunshine Investments BV, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B3, 5.564%, [LIBOR4+325], 3/28/25¹		20,500,000		20,500,000
Tacala Investment Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.552%, [LIBOR4+325], 1/31/25¹		11,462,400		11,493,922

				547,040,597

Energy—4.7%
Energy Equipment & Services—4.2%
AL Midcoast Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 7.891%, [LIBOR4+550], 8/1/25¹		36,345,000		36,398,064
Apergy Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.813%, [LIBOR12+250], 5/9/25¹		6,616,432		6,643,328
Ascent Resources - Marcellus LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 8.781%, [LIBOR12+650], 3/30/23¹		8,041,514		8,081,721
BCP Renaissance Parent LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.842%, [LIBOR4+350], 10/31/24¹		42,473,550		42,685,918

6 OPPENHEIMER SENIOR FLOATING RATE FUND


	Principal Amount		Value
Energy Equipment & Services (Continued)
Bison Midstream Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.282%, [LIBOR12+400], 5/21/25¹	$	22,677,175	$	22,572,293
California Resources Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 12.67%, [LIBOR12+1,037.5], 12/31/21¹		15,525,000		17,323,338
California Resources Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 7.037%, [LIBOR12+475], 12/31/22¹		22,800,000		23,199,000
Delek US Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.552%, [LIBOR4+250], 3/31/25¹		22,055,170		22,078,218
Drillship Kithira Owners, Inc., Sr. Sec. Credit Facilities 1st Lien Exit Term Loan, 8.00%, 9/20/24²		50,204,939		52,840,698
Eastern Power LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.826%-6.052%, [LIBOR12+375], 10/2/23¹		54,993,052		54,971,605
Fieldwood Energy LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 7.552%, [LIBOR12+525], 4/11/22¹		62,917,646		63,429,166
GIP III Stetson I LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.598%, [LIBOR4+425], 7/18/25¹		22,690,000		22,775,087
Gulf Finance LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 7.64%, [LIBOR4+525], 8/25/23¹		3,084,343		2,548,439
HFOTCO LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.06%, [LIBOR4+275], 6/26/25¹		14,513,625		14,583,145
HGIM Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 8.508%, [PRIME4+500], 7/2/23¹		9,039,390		9,129,784
Larchmont Resources LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche A, 11.321%, [LIBOR4+900], 8/7/20^1,4,5		7,258,472		7,149,595
Limetree Bay Terminals LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.242%, [LIBOR12+400], 2/15/24¹		37,033,135		36,199,889
Lucid Energy Group II Borrower LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.28%, [LIBOR12+300], 2/17/25¹		10,844,490		10,681,877
McDermott Technology Americas, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 7.302%, [LIBOR12+500], 5/12/25¹		34,389,943		34,037,446
MEG Energy Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.75%, [LIBOR4+350], 12/31/23¹		4,150,949		4,168,238
Northriver Midstream Finance LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.646%, [LIBOR4+325], 9/21/25¹		26,038,000		26,198,134
Seadrill Operating LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 8.302%-8.386%, [LIBOR4+300], 2/21/21¹		69,483,464		64,658,185
Sheridan Production Partners II-A LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.81%, [LIBOR4+350], 12/16/20¹		5,454,067		4,948,684
Sheridan Production Partners II-M LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.82%, [LIBOR4+350], 12/16/20¹		2,022,128		1,834,744
Traverse Midstream Partners LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.34%, [LIBOR4+400], 9/27/24¹		25,813,798		26,019,534
Ultra Resources, Inc., Sr. Sec. Credit Facilities 1st Lien Exit Term Loan, 4.00%-5.469%, [LIBOR4+300], 4/12/24¹		50,974,000		47,933,656

				663,089,786

7 OPPENHEIMER SENIOR FLOATING RATE FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Oil, Gas & Consumable Fuels—0.5%
Sheridan Investment Partners II LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.82%, [LIBOR4+350], 12/16/20¹	$	39,320,197	$	35,676,717
Southcross Energy Partners LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.636%, [LIBOR4+425], 8/4/21¹		40,801,003		36,601,967

				72,278,684

Financials—6.2%
Commercial Banks—5.3%
Acrisure LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.992%-6.592%, [LIBOR4+375], 11/22/23¹		65,976,519		66,168,859
Advisor Group, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.04%, [LIBOR12+375], 8/15/25¹		7,230,000		7,294,745
Alliant Holdings Intermediate LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.046%, [LIBOR12+300], 5/9/25¹		63,240,874		63,280,399
AmWINS Group, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.031%-5.052%, [LIBOR12+275], 1/25/24¹		31,982,510		32,078,458
Aretec Group, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.506%, [LIBOR4+425], 10/1/25¹		78,735,000		79,350,314
Blucora, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.302%, [LIBOR4+300], 5/22/24¹		13,538,471		13,589,241
Capital Automotive LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.81%, [LIBOR12+250], 3/25/24¹		13,018,444		13,037,971
DTZ US Borrower LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.552%, [LIBOR12+325], 8/21/25¹		54,885,000		54,953,606
Focus Financial Partners LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.802%, [LIBOR4+275], 7/3/24¹		11,171,519		11,195,985
Forest City Enterprises LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.199%, 10/26/25²		19,500,000		19,605,592
GGP Nimbus LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.795%, [LIBOR12+250], 8/27/25¹		56,490,000		55,683,040
HUB International Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.49%, [LIBOR4+300], 4/25/25¹		80,852,363		80,725,829
Hudson River Trading LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.794%, [LIBOR12+350], 4/3/25¹		3,910,000		3,934,437
Hyperion Insurance Group Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.813%, [LIBOR12+350], 12/20/24¹		29,397,574		29,562,936
iStar, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B, 5.032%-5.032%, [LIBOR4+300], 10/1/21¹		12,058,525		12,081,135
Tranche B, 5.024%-5.024%, [LIBOR4+300], 6/28/23¹		12,002,157		12,024,661
Jane Street Group LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.992%, [LIBOR12+300], 8/25/22¹		10,821,799		10,871,417
Mayfield Agency Borrower, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.302%, [LIBOR4+450], 2/28/25¹		22,224,300		22,279,861
NFP Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.302%, [LIBOR12+300], 1/8/24¹		56,998,119		56,898,372
Uniti Group, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.302%, [LIBOR12+300], 10/24/22¹		120,957,158		114,697,625

8 OPPENHEIMER SENIOR FLOATING RATE FUND


	Principal Amount		Value
Commercial Banks (Continued)
USI, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.386%, [LIBOR4+300], 5/16/24¹	$	73,781,604	$	73,468,033

				832,782,516

Consumer Finance—0.2%
PGX Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 7.56%, [LIBOR12+525], 9/29/20¹		24,794,166		24,282,786
PGX Holdings, Inc., Sr. Sec. Credit Facilities 2nd Lien Term Loan, 11.08%, [LIBOR12+900], 9/29/21^1,4		10,846,618		10,738,152

				35,020,938

Insurance—0.7%
AssuredPartners, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.552%, [LIBOR12+325], 10/22/24¹		49,565,950		49,510,188
Sedgwick Claims Management Services, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.052%, [LIBOR4+275], 3/1/21¹		58,181,356		58,240,701

				107,750,889

Health Care—8.3%
Health Care Equipment & Supplies—8.3%
21st Century Oncology, Inc., Sr. Sec. Credit Facilities 1st Lien Exit Term Loan, Tranche B, 8.565%, [LIBOR4+612.5], 1/16/23¹		10,177,660		9,519,318
Acadia Healthcare Co., Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B, 4.742%-4.742%, [LIBOR12+250], 2/11/22¹		2,832,407		2,842,519
Tranche B4, 4.742%-4.742%, [LIBOR12+250], 2/16/23¹		19,936,291		20,007,464
Air Medical Group Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.534%, [LIBOR12+325], 4/28/22¹		2,722,449		2,649,964
Alliance HealthCare Services, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.272%-6.742%, [LIBOR4+425], 10/24/23¹		24,250,168		24,416,888
Amneal Pharmaceuticals LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.75%, [LIBOR4+300], 5/4/25¹		50,794,215		51,181,521
Ardent Health Partners LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.802%, [LIBOR12+450], 6/30/25¹		38,957,363		39,194,808
Bausch Health Cos., Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.274%, [LIBOR4+300], 6/2/25¹		32,983,597		33,041,648
Carestream Dental Equipment, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.636%, [LIBOR4+325], 9/1/24¹		7,142,850		7,131,707
Carestream Health, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.302%, [LIBOR4+400], 6/7/19¹		9,425,004		9,416,757
Change Healthcare Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.052%, [LIBOR12+275], 3/1/24¹		106,572,375		106,579,302
CHS/Community Health Systems, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche H, 5.557%, [LIBOR4+300], 1/27/21¹		52,190,484		51,200,170
Concentra, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.03%, [LIBOR4+275], 6/1/22¹		16,160,000		16,217,206
CVS Holdings I LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.31%, [LIBOR4+300], 2/6/25¹		31,282,800		31,217,732
DJO Finance LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.552%-5.646%, [LIBOR12+325], 6/8/20¹		54,511,716		54,489,093

9 OPPENHEIMER SENIOR FLOATING RATE FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Health Care Equipment & Supplies (Continued)
Endo International plc, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.563%, [LIBOR12+425], 4/29/24¹	$	46,638,614	$	46,915,415
Enterprise Merger Sub, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.052%, [LIBOR4+375], 10/10/25¹		107,065,000		105,032,371
Equian Buyer Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.537%, [LIBOR12+325], 5/20/24¹		13,595,342		13,625,115
Gentiva Health Services, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.063%, [LIBOR4+375], 7/2/25¹		73,790,052		74,205,121
GoodRX, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.283%, [LIBOR4+300], 10/10/25¹		27,055,311		27,230,088
Heartland Dental LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.052%, [LIBOR12+375], 4/30/25¹		11,985,778		11,965,163
Heartland Dental LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan Delayed Draw, 3.75%, 4/30/25²		1,808,088		1,804,978
Jaguar Holding Co. II, Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.802%, [LIBOR4+250], 8/18/22¹		34,573,049		34,512,546
Kinetic Concepts, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.636%, [LIBOR4+325], 2/2/24¹		15,883,938		15,961,689
LifeCare Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Exit Term Loan, Tranche A, 10.455%, [LIBOR4+525], 11/30/18^1,6		35,035,976		19,795,327
LifeScan Global Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 8.396%, [LIBOR4+600], 10/1/24¹		36,175,000		35,406,281
Mallinckrodt International Finance SA, Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B, 5.136%-5.136%, [LIBOR4+275], 9/24/24¹		16,413,024		16,221,976
Tranche B, 5.517%-5.517%, [LIBOR4+300], 2/24/25¹		40,546,250		40,337,031
MPH Acquisition Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.136%, [LIBOR4+300], 6/7/23¹		60,882,577		60,802,212
National Mentor Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.386%, [LIBOR4+300], 1/31/21¹		34,614,052		34,646,589
New Trident Holdcorp, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 8.242%, [LIBOR4+575], 7/31/19^1,6		13,364,588		4,009,376
One Call Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 7.53%, [LIBOR12+525], 11/27/22¹		23,810,975		22,475,894
Ortho-Clinical Diagnostics SA, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.544%, [LIBOR4+325], 6/30/25¹		58,972,797		58,854,851
PAREXEL International Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.052%, [LIBOR4+300], 9/27/24¹		16,298,917		16,097,789
Select Medical Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.03%-7.00%, [PRIME4+175], 3/1/21¹		31,294,717		31,386,097
Sotera Health Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.302%, [LIBOR12+300], 5/15/22¹		2,247,186		2,252,568
Surgery Center Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.57%, [LIBOR4+325], 9/2/24¹		45,126,029		45,103,466
Team Health Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.052%, [LIBOR12+275], 2/6/24¹		57,992,925		55,020,787
US Anesthesia Partners, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.302%, [LIBOR12+300], 6/23/24¹		1,781,470		1,784,249
Vizient, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B3, 5.052%, [LIBOR12+275], 2/13/23¹		2,489,420		2,503,423

10 OPPENHEIMER SENIOR FLOATING RATE FUND


	Principal Amount		Value
Health Care Equipment & Supplies (Continued)
VVC Holdings Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.686%, [LIBOR12+425], 7/9/25¹	$	36,960,000	$	36,775,200
Wink Holdco, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.302%, [LIBOR4+300], 12/2/24¹		21,140,250		21,108,540

				1,294,940,239

Industrials—15.6%
Aerospace & Defense—0.3%
Doncasters US Finance LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.886%, [LIBOR4+350], 4/9/20¹		18,952,580		17,586,384
Genuine Financial Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.136%, [LIBOR4+375], 7/11/25¹		36,220,000		36,367,234

				53,953,618

Commercial Services & Supplies—8.6%
Access CIG LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.052%, [LIBOR12+375], 2/27/25¹		13,513,855		13,576,356
Access CIG LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Delayed Draw, 3.75%, 2/27/25²		1,692,237		1,700,063
AI Aqua Merger Sub, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B1, 5.552%, [LIBOR12+325], 12/13/23¹		30,200,855		30,134,866
AI Aqua ZIP Bidco Pty Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.552%, [LIBOR12+325], 12/13/23¹		11,793,282		11,767,514
Allied Universal Holdco LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.136%, [LIBOR4+375], 7/28/22¹		92,646,364		92,038,604
Asurion LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B4, 5.242%-5.242%, [LIBOR12+300], 8/4/22¹		64,522,074		64,712,091
Tranche B6, 5.302%-5.302%, [LIBOR12+300], 11/3/23¹		71,084,926		71,248,066
Tranche B7, 5.302%-5.302%, [LIBOR12+300], 11/3/24¹		10,837,838		10,865,908
Asurion LLC, Sr. Sec. Credit Facilities 2st Lien Term Loan, 8.802%, [LIBOR12+650], 8/4/25¹		27,940,000		28,725,812
ATS Consolidated, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.045%, [LIBOR12+375], 2/28/25¹		39,429,175		39,724,894
Belron Finance US LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.843%, [LIBOR4+250], 11/7/24¹		25,968,763		26,071,599
Blackhawk Network Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.386%, [LIBOR4+300], 6/15/25¹		40,588,275		40,721,607
Boing US Holdco, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.593%, [LIBOR4+325], 10/3/24¹		42,613,845		42,787,070
Casmar Australia Pty Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.742%, [LIBOR4+450], 12/8/23¹		31,034,886		29,133,999
Ceridian HCM Holding, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.552%, [LIBOR12+325], 4/30/25¹		34,355,000		34,526,775
CEVA Logistics Finance BV, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.098%, [LIBOR4+375], 8/4/25¹		26,620,000		26,703,321
Crossmark Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.886%, [LIBOR4+350], 12/20/19¹		50,141,086		22,218,769
Crossmark Holdings, Inc., Sr. Sec. Credit Facilities 2nd Lien Term Loan, 9.886%, [LIBOR4+750], 12/21/20¹		9,500,000		617,500

11 OPPENHEIMER SENIOR FLOATING RATE FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Commercial Services & Supplies (Continued)
Engility Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B2, 5.052%, [LIBOR12+275], 8/14/23¹	$	21,326,994	$	21,392,042
First Advantage, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 7.777%, [LIBOR4+525], 6/30/22¹		15,555,577		15,568,488
First American Payment Systems LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, 7.029%, [LIBOR12+475], 1/5/24¹		14,162,500		14,233,312
Frontdoor, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.813%, [LIBOR12+250], 8/16/25¹		4,450,000		4,461,125
Garda World Security Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.821%, [LIBOR4+350], 5/24/24¹		57,037,844		57,335,011
IG Investments Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.802%-5.886%, [LIBOR12+350], 5/23/25¹		60,609,797		60,963,455
Inmar, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.802%, [LIBOR6+350], 5/1/24¹		50,155,125		50,405,901
KUEHG Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.136%, [LIBOR4+375], 2/21/25¹		46,819,562		47,102,586
Laureate Education, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.027%, [LIBOR12+350], 4/26/24¹		35,120,183		35,234,323
Learning Care Group US No. 2, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.53%-5.552%, [LIBOR4+325], 3/13/25¹		5,377,975		5,383,568
Legalzoom.com, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.537%, [LIBOR4+450], 11/21/24¹		24,512,114		24,726,595
Livingston International, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 8.136%, [LIBOR4+575], 3/20/20¹		22,327,313		22,327,313
Livingston International, Inc., Sr. Sec. Credit Facilities 2nd Lien Term Loan, 10.636%, [LIBOR4+825], 4/17/20¹		9,700,330		9,215,314
LS Deco LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.886%, [LIBOR4+350], 5/21/22¹		24,581,991		24,612,718
Monitronics International, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B2, 7.886%, [LIBOR4+550], 9/30/22¹		34,677,602		34,059,994
Sarbacane Bidco, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.25%, [LIBOR4+300], 1/29/25¹		5,363,050		5,384,261
Savage Enterprises LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.77%, [LIBOR12+450], 8/1/25¹		56,094,545		56,655,491
Securus Technologies Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.832%-6.802%, [LIBOR4+450], 11/1/24¹		43,794,393		43,925,882
SMG US Midco 2, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.302%, [LIBOR6+325], 1/23/25¹		4,467,550		4,470,365
Staples, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.343%, [LIBOR4+400], 9/12/24¹		86,732,800		86,696,372
TKC Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.06%, [LIBOR12+375], 2/1/23¹		25,359,820		25,409,652
Travelport Finance Luxembourg Sarl, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.814%, [LIBOR4+275], 3/17/25¹		87,593,223		87,602,420
Trident LS Merger Sub Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.552%, [LIBOR4+325], 5/1/25¹		16,588,400		16,696,225

12 OPPENHEIMER SENIOR FLOATING RATE FUND


	Principal Amount		Value
Commercial Services & Supplies (Continued)
USIC Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.552%, [LIBOR12+325], 12/8/23¹	$	7,198,567	$	7,223,330

				1,348,360,557

Industrial Conglomerates—3.0%
Apex Tool Group LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.052%, [LIBOR12+375], 2/1/22¹		34,790,852		34,384,843
Energy Acquisition Co., Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.636%, [LIBOR4+425], 6/22/25¹		21,560,963		21,507,060
Gardner Denver, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.052%, [LIBOR12+275], 7/30/24¹		14,296,910		14,346,092
Gates Global LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.052%, [LIBOR4+300], 4/1/24¹		39,809,842		39,918,324
GrafTech Finance, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.802%, [LIBOR12+350], 2/12/25¹		26,213,188		26,278,720
Harsco Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.563%, [LIBOR12+225], 12/6/24¹		14,047,346		14,111,051
MACOM Technology Solutions Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.552%, [LIBOR12+225], 5/17/24¹		26,353,477		25,576,050
Robertshaw US Holdings Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.813%, [LIBOR12+350], 2/28/25¹		15,313,050		15,179,061
Titan Acquisition Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.302%, [LIBOR12+300], 3/28/25¹		35,994,125		34,027,226
TransDigm, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche E, 4.802%-4.802%, [LIBOR12+250], 5/30/25¹		40,739,203		40,602,930
Tranche F, 4.802%-4.802%, [LIBOR12+250], 6/9/23¹		45,447,510		45,303,441
Tranche G, 4.802%-4.802%, [LIBOR4+250], 8/22/24¹		21,114,445		21,050,785
Vectra Co., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.552%, [LIBOR12+325], 3/8/25¹		27,209,738		27,187,017
Vertiv Intermediate Holding II Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.313%, [LIBOR12+400], 11/30/23¹		61,296,918		60,760,570
Welbilt, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.782%, [LIBOR4+250], 10/23/25¹		4,620,000		4,620,000
Wencor Group, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.886%, [LIBOR4+350], 6/19/21¹		12,049,825		11,748,579
WP CPP Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.28%, [LIBOR4+375], 4/30/25¹		25,980,000		26,115,356
Zodiac Pool Solutions LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.552%, [LIBOR4+225], 7/2/25¹		4,488,750		4,497,885

				467,214,990

Professional Services—0.3%
AVSC Holding Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.233%-5.636%, [LIBOR6+325], 3/3/25¹		40,230,661		40,029,507

				40,029,507

13 OPPENHEIMER SENIOR FLOATING RATE FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Road & Rail—1.7%
American Airlines, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.045%, [LIBOR12+175], 6/27/25¹	$	18,080,000	$	17,732,502
Arctic LNG Carriers Ltd., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.802%, [LIBOR12+450], 5/18/23¹		27,261,304		27,355,083
CH Hold Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.302%, [LIBOR12+300], 2/1/24¹		19,468,631		19,517,400
Daseke Cos., Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 7.242%, [LIBOR12+500], 2/27/24¹		12,803,371		12,875,454
Kenan Advantage Group, Inc. (The), Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B1, 5.302%-5.302%, [LIBOR12+300], 7/29/22¹		15,443,217		15,448,005
Tranche B2, 5.302%-5.302%, [LIBOR12+300], 7/29/22¹		1,701,383		1,701,911
Western Express, Inc., Sr. Sec. Credit Facilities 2nd Lien Term Loan, 10.563%, [LIBOR4+825], 2/23/22^1,4		167,344,000		174,874,480

				269,504,835

Transportation Infrastructure—1.7%
American Axle & Manufacturing, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.54%-4.74%, [LIBOR12+225], 4/6/24¹		34,102,135		34,001,022
Dayco Products LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.563%, [LIBOR4+500], 5/19/23¹		19,310,324		19,358,599
Mavis Tire Express Services Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.53%, [LIBOR4+325], 3/20/25¹		27,873,338		27,664,288
Mavis Tire Express Services Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.53%, [LIBOR12+325], 3/20/25¹		245,855		244,011
Mavis Tire Express Services Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Delayed Draw, 1.00%, 3/20/25²		4,235,193		4,203,429
Navistar, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.64%-5.78%, [LIBOR12+350], 11/6/24¹		43,620,226		43,765,481
Octavius Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.781%-5.827%, 11/8/23²		4,965,000		4,952,588
Superior Industries International, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.302%, [LIBOR12+400], 5/22/24¹		29,204,534		29,131,523
Tenneco, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.052%, [LIBOR4+275], 10/1/25¹		47,330,000		47,270,838
TI Group Automotive Systems LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.802%, [LIBOR12+275], 6/30/22¹		56,159,984		56,042,890

				266,634,669

Information Technology—10.3%
Internet Software & Services—9.8%
Almonde, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.886%, [LIBOR4+350], 6/13/24¹		93,247,421		92,845,991
Avaya, Inc., Sr. Sec. Credit Facilities 1st Lien Exit Term Loan, Tranche B, 6.53%, [LIBOR12+425], 12/15/24¹		166,471,560		167,343,038
Banff Merger Sub, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.648%, [LIBOR4+425], 10/2/25¹		71,700,000		72,036,273
Blackboard, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B4, 7.445%, [LIBOR4+500], 6/30/21¹		38,882,627		37,226,033

14 OPPENHEIMER SENIOR FLOATING RATE FUND


	Principal Amount		Value
Internet Software & Services (Continued)
Colorado Buyer, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.28%, [LIBOR4+300], 5/1/24¹	$	30,590,586	$	30,557,090
EagleView Technology Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.78%, [LIBOR12+350], 8/14/25¹		16,748,767		16,733,107
Ensono LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, 7.492%, [LIBOR4+525], 6/27/25¹		22,553,475		22,774,274
Epicor Software Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.56%, [LIBOR12+325], 6/1/22¹		21,654,731		21,737,668
First Data Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.287%, [LIBOR12+225], 4/26/24¹		17,037,120		16,964,372
Greeneden US Holdings II LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B3, 5.742%, [LIBOR4+350], 12/1/23¹		25,606,272		25,734,303
Hyland Software, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.925%, [LIBOR12+325], 7/1/24¹		1,850,000		1,863,292
Infor US, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.136%, [LIBOR4+275], 2/1/22¹		70,444,945		70,277,638
Informatica LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.552%, [LIBOR4+325], 8/5/22¹		32,745,231		32,919,272
Internap Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 8.04%, [LIBOR12+575], 4/6/22¹		22,241,180		22,417,219
Ivanti Software, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.51%, [LIBOR12+425], 1/20/24¹		17,040,705		17,062,006
Kronos, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.358%, [LIBOR12+300], 11/1/23¹		2,248,700		2,255,199
Lighthouse Network LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.891%, [LIBOR4+450], 11/29/24¹		15,150,513		15,264,141
MA FinanceCo LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan: Tranche B, 4.802%-4.802%, [LIBOR12+275], 6/21/24¹		11,599,343		11,586,642
Tranche B2, 4.552%-4.552%, [LIBOR4+250], 11/19/21¹		8,972,200		8,925,500
MaxLinear, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.78%, [LIBOR12+250], 5/13/24¹		9,799,412		9,774,913
McAfee LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.795%, [LIBOR12+450], 9/30/24¹		58,238,090		58,503,365
Mitchell International, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.552%, [LIBOR12+325], 11/29/24¹		33,249,246		33,158,309
Parker Private Merger Sub, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.17%, [LIBOR4+375], 10/10/25¹		17,814,000		17,816,761
Plantronics, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.802%, [LIBOR12+250], 7/2/25¹		57,810,000		57,737,737
Premiere Global Services, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 8.843%, [LIBOR6+650], 12/8/21¹		10,502,469		9,771,655
Project Deep Blue Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.54%, [LIBOR4+325], 2/12/25¹		8,952,563		8,963,753
Quest Software US Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.777%, [LIBOR4+425], 5/16/25¹		40,185,000		40,423,498
Riverbed Technology, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.56%, [LIBOR12+325], 4/24/22¹		67,391,527		67,097,026
Seattle SpinCo, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.802%, [LIBOR12+275], 6/21/24¹		78,339,031		78,253,250

15 OPPENHEIMER SENIOR FLOATING RATE FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Internet Software & Services (Continued)
Shutterfly, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B2, 5.00%, [LIBOR12+275], 8/17/24¹	$	23,043,738	$	23,098,466
SolarWinds Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.302%, [LIBOR12+300], 2/5/24¹		20,569,563		20,641,042
Solera LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.052%, [LIBOR12+275], 3/3/23¹		35,738,619		35,752,557
Sophia LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.636%, [LIBOR4+325], 9/30/22¹		15,236,256		15,287,069
SS&C Technologies Holdings Europe Sarl, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B4, 4.552%, [LIBOR4+250], 4/16/25¹		31,755,615		31,634,308
SS&C Technologies, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B1, 4.552%, [LIBOR4+250], 4/16/25¹		81,929,326		81,616,356
Sungard Availability Services Capital, Inc., Extended Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 9.274%, [LIBOR12+700], 9/30/21¹		8,884,991		8,070,548
Sybil Software LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.886%, [LIBOR4+250], 9/29/23¹		3,767,905		3,787,762
Tempo Acquisition LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.242%, [LIBOR12+300], 5/1/24¹		80,566,546		80,727,679
TTM Technologies, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.756%, [LIBOR4+250], 9/28/24¹		31,103,081		31,161,399
Uber Technologies, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche D, 5.78%, 7/13/23²		1,994,911		1,997,724
Veritas US, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B1, 6.576%-6.802%, [LIBOR12+450], 1/27/23¹		87,551,472		83,733,353
Vertafore, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.623%, [LIBOR4+325], 7/2/25¹		9,256,000		9,238,645
Xperi Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.742%, [LIBOR12+250], 12/1/23¹		44,440,953		43,906,329

				1,538,676,562

IT Services—0.5%
Pi US Mergerco, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.802%, [LIBOR12+350], 1/3/25¹		81,395,090		81,268,114

				81,268,114

Materials—8.2%
Chemicals—2.9%
Alpha 3 BV, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B1, 5.386%, [LIBOR4+300], 1/31/24¹		36,837,115		36,900,475
Consolidated Energy Finance SA, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.784%, [LIBOR12+250], 5/7/25¹		22,553,475		22,497,091
Cyanco Intermediate Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.545%, [LIBOR4+350], 3/17/25¹		23,140,023		23,209,443
Emerald Performance Materials LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.802%, [LIBOR12+350], 7/30/21¹		28,820,331		29,006,367
Encapsys LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.552%, [LIBOR4+325], 11/7/24¹		13,333,000		13,391,332

16 OPPENHEIMER SENIOR FLOATING RATE FUND


	Principal Amount		Value
Chemicals (Continued)
Ferro Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.636%, [LIBOR4+225], 2/14/24¹	$	12,918,931	$	12,932,366
LUX HOLDCO III, Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.302%, [LIBOR4+300], 3/28/25¹		7,154,050		7,194,292
MacDermid, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B6, 5.302%-5.302%, [LIBOR12+300], 6/7/23¹		13,444,031		13,477,642
Tranche B7, 4.742%-4.742%, [LIBOR4+275], 6/7/20¹		13,504,771		13,532,524
Messer Industries USA, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.834%, 9/28/25²		18,195,000		18,222,292
New Arclin US Holding Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.886%, [LIBOR4+350], 2/14/24¹		21,395,820		21,369,075
OCI Partners LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.386%, [LIBOR4+425], 3/13/25¹		22,538,446		22,848,349
Polar US Borrower LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 7.186%, [LIBOR4+475], 10/15/25¹		23,260,000		23,187,312
PQ Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.027%, [LIBOR4+250], 2/8/25¹		8,588,923		8,591,199
Road Infrastructure Investment LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.802%, [LIBOR12+350], 6/13/23¹		19,313,723		19,024,017
Starfruit US Holdco LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.506%, [LIBOR12+325], 10/1/25¹		46,785,000		46,701,489
Tronox Blocked Borrower LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.302%, [LIBOR4+300], 9/23/24¹		25,965,272		25,973,321
Tronox Finance LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.302%, [LIBOR4+300], 9/23/24¹		59,916,500		59,935,074
Univar USA, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.552%, [LIBOR12+250], 7/1/24¹		30,248,614		30,280,829

				448,274,489

Construction Materials—1.2%
Continental Building Products Operating Co. LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.492%-4.552%, [LIBOR12+225], 8/18/23¹		17,315,829		17,334,790
Pisces Midco, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.175%, [LIBOR4+300], 4/12/25¹		48,578,250		48,482,308
Quikrete Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.052%, [LIBOR12+275], 11/15/23¹		94,544,501		94,308,139
Realogy Group LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.53%, [LIBOR12+225], 2/8/25¹		14,000,325		13,980,655
VC GB Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.302%, [LIBOR12+325], 2/28/24¹		20,611,588		20,482,765

				194,588,657

Containers & Packaging—1.7%
Ball Metalpack Finco LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.802%, [LIBOR12+450], 7/31/25¹		10,139,588		10,228,309
BWAY Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.658%, [LIBOR12+325], 4/3/24¹		79,878,414		79,528,946

17 OPPENHEIMER SENIOR FLOATING RATE FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Containers & Packaging (Continued)
Flex Acquisition Co., Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.506%, [LIBOR4+325], 6/29/25¹	$	55,031,825	$	55,179,310
Plastipak Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.81%, [LIBOR12+250], 10/14/24¹		30,978,642		30,966,561
Pro Mach Group, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.277%, [LIBOR4+300], 3/7/25¹		39,575,825		39,511,514
Reynolds Group Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 5.052%, [LIBOR12+300], 2/5/23¹		49,203,590		49,298,307

				264,712,947

Metals & Mining—2.4%
Covia Holdings Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.05%, [LIBOR4+375], 6/1/25¹		40,648,125		34,258,850
Murray Energy Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B2, 9.326%-9.326%, [LIBOR12+725], 10/17/22¹		267,791,261		241,403,110
Tranche B3, 9.992%-9.992%, [LIBOR12+775], 10/17/22¹		77,114,077		69,556,897
Oxbow Carbon LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.802%, [LIBOR12+375], 1/4/23¹		3,758,563		3,793,010
Peabody Energy Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.052%, [LIBOR12+275], 3/31/25¹		17,267,394		17,259,105
TMS International Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.052%, [LIBOR4+275], 8/14/24¹		14,559,452		14,577,651

				380,848,623

Telecommunication Services—5.4%
Diversified Telecommunication Services—5.4%
CenturyLink, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.052%, [LIBOR4+275], 1/31/25¹		194,559,477		192,735,482
Cincinnati Bell, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.552%, [LIBOR4+375], 10/2/24¹		37,120,000		37,173,082
Consolidated Communications, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.08%, [LIBOR12+300], 10/5/23¹		58,856,326		58,034,692
Digicel International Finance Ltd, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.57%, [LIBOR4+325], 5/27/24¹		50,618,028		48,656,579
Frontier Communications Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.06%, [LIBOR12+375], 6/15/24¹		68,659,119		66,668,005
Fusion Connect, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 9.841%, [LIBOR4+750], 5/4/23¹		62,170,875		58,751,477
Global Tel*Link Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.386%, [LIBOR4+400], 5/23/20¹		40,015,899		40,115,938
Global Tel*Link Corp., Sr. Sec. Credit Facilities 2nd Lien Term Loan, 10.636%, [LIBOR4+775], 11/23/20¹		18,000,000		18,067,500
GTT Communications, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.05%, [LIBOR12+275], 5/31/25¹		32,604,663		32,213,733
IPC Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.85%, [LIBOR4+450], 8/6/21¹		29,937,875		28,890,049
IPC Corp., Sr. Sec. Credit Facilities 2nd Lien Term Loan, 11.85%, [LIBOR4+950], 2/4/22¹		27,925,000		24,574,000

18 OPPENHEIMER SENIOR FLOATING RATE FUND


	Principal Amount		Value
Diversified Telecommunication Services (Continued)
NeuStar, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B4, 5.802%, [LIBOR12+350], 8/8/24¹	$	31,793,211	$	31,917,363
Sprint Communications, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 4.813%, [LIBOR12+250], 2/2/24¹		144,242,732		144,355,241
Windstream Services LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B6, 6.29%, [LIBOR12+400], 3/29/21¹		66,299,213		62,392,200

				844,545,341


Utilities—2.3%
Electric Utilities—2.3%
Brookfield WEC Holdings, Inc., Sr. Sec. Credit Facilities 1st Lien Term Loan, 6.052%, [LIBOR4+375], 8/1/25¹		34,640,000		34,902,225
Calpine Construction Finance Co. LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, 4.802%, [LIBOR12+250], 1/15/25¹		13,492,030		13,492,098
Calpine Corp., Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B5, 4.89%-4.89%, [LIBOR4+250], 1/15/24¹		31,329,738		31,262,849
Tranche B7, 4.84%-4.84%, [LIBOR4+275], 5/31/23¹		6,292,257		6,281,654
Compass Power Generation LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.802%, [LIBOR12+350], 12/20/24¹		18,626,171		18,779,836
EFS Cogen Holdings I LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.64%, [LIBOR4+325], 6/28/23¹		34,529,636		34,532,743
Exgen Renewables IV LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 5.32%, [LIBOR4+300], 11/28/24¹		4,594,576		4,640,522
Frontera Generation Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.524%, [LIBOR12+425], 5/2/25¹		43,919,450		44,139,047
Kestrel Acquisition LLC., Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.56%, [LIBOR12+425], 6/2/25¹		22,543,500		22,750,111
Lightstone Holdco LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B, 5.992%-5.992%, [LIBOR12+375], 1/30/24¹		34,205,318		33,796,052
Tranche C, 5.992%-5.992%, [LIBOR12+375], 1/30/24¹		1,837,496		1,815,510
MRP Generation Holdings LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 9.386%, [LIBOR4+700], 10/18/22¹		9,202,200		8,880,123
Sandy Creek Energy Associates LP, Sr. Sec. Credit Facilities 1st Lien Term Loan, Tranche B, 6.386%, [LIBOR4+400], 11/9/20¹		53,145,968		47,465,993
Talen Energy Supply LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan:
Tranche B, 6.302%-6.302%, [LIBOR12+400], 7/15/23¹		52,444,374		52,649,169
Tranche B2, 6.302%-6.302%, [LIBOR12+400], 4/15/24¹		12,790,708		12,840,655

				368,228,587

Total Corporate Loans (Cost $15,113,296,967)				14,842,689,461

Corporate Bonds and Notes—1.2%
Berry Global, Inc., 4.50% Sec. Nts., 2/15/26⁷		3,590,000		3,365,625
Erickson Air-Crane, Inc., 6.00% Sub. Nts., 11/2/20^3,4		1,803,397		—
Peabody Energy Corp., 6.375% Sr. Sec. Nts., 3/31/25⁷		37,580,000		37,720,925
Tesla, Inc., 5.30% Sr. Unsec. Nts., 8/15/25⁷		83,005,000		74,081,962
United States Steel Corp., 6.25% Sr. Unsec. Nts., 3/15/26		38,465,000		36,349,425

19 OPPENHEIMER SENIOR FLOATING RATE FUND

STATEMENT OF INVESTMENTS Unaudited / Continued


	Principal Amount		Value
Corporate Bonds and Notes (Continued)
Windstream Services LLC/Windstream Finance Corp., 8.625% Sr. Sec. Nts., 10/31/25	$	33,000,000	$	31,020,000

Total Corporate Bonds and Notes (Cost $190,621,345)				182,537,937

	Shares
Common Stocks—2.6%
Arch Coal, Inc., Cl. A⁵		2,961,034		283,963,161
Ascent Resources - Marcellus LLC, Cl. A⁸		5,777,075		18,535,745
Avaya Holdings Corp.⁸		2,770,393		45,489,853
Everyware Global, Inc.^5,8		1,397,654		2,096,481
Gymboree Corp. (The)^5,8		635,688		3,615,475
Gymboree Holding Corp.^5,8		1,798,615		10,229,623
Harvey Gulf International Marine LLC⁸		116,269		6,278,526
J.G. Wentworth Co., Cl. A^5,8		2,991,606		29,168,158
Larchmont Resources LLC^4,5,8		8,017		2,204,755
Mach Gen LLC^4,8		313,469		862,040
Media General, Inc.^4,8,10		6,554,344		353,935
Millennium Corporate Claim Litigation Trust^4,5,8		70,485		—
Millennium Lender Claim Litigation Trust^4,5,8		140,969		—
New Millennium Holdco, Inc.^5,8		1,431,369		164,607
Quicksilver Resources, Inc.^4,5,8		145,955,000		—
Sabine Oil^4,8		17,596		791,820
Templar Energy, Cl. A^4,5,8		1,799,429		1,799,429

Total Common Stocks (Cost $501,125,055)				405,553,608

	Units
Rights, Warrants and Certificates—0.0%
Ascent Resources - Marcellus LLC Wts., Strike Price $1, Exp. 12/31/49^4,8		1,495,722		44,872
Sabine Oil Tranche 1 Wts., Strike Price $4.49, Exp. 8/11/26^4,8		55,793		348,706
Sabine Oil Tranche 2 Wts., Strike Price $2.72, Exp. 8/11/26^4,8		9,937		52,169

Total Rights, Warrants and Certificates (Cost $6,003,383)				445,747

	Shares
Investment Company—5.7%
Oppenheimer Institutional Government Money Market Fund, Cl. E, 2.12%^5,9 (Cost $899,489,448)		899,489,448		899,489,448
Total Investments, at Value (Cost $16,710,536,198)		104.1%		16,330,716,201
Net Other Assets (Liabilities)		(4.1)		(647,540,788	)

Net Assets		100.0%	$	15,683,175,413

Footnotes to Statement of Investments

1. Represents the current interest rate for a variable or increasing rate security, determined as [Referenced Rate + Basis-point spread].

2. This interest rate resets periodically. Interest rate shown reflects the rate in effect at period end. The rate on this variable rate security is not based on a published reference rate and spread but is determined by the issuer or agent based on current market conditions.

3. This security is not accruing income because its issuer has missed or is expected to miss interest and/or principal payments. The rate shown is the contractual interest rate. See Note 3 of the accompanying Notes.

4. The value of this security was determined using significant unobservable inputs. See Note 2 of the accompanying Notes.

20 OPPENHEIMER SENIOR FLOATING RATE FUND

Footnotes to Statement of Investments (Continued)

5. Is or was an affiliate, as defined in the Investment Company Act of 1940, as amended, at or during the reporting period, by virtue of the Fund owning at least 5% of the voting securities of the issuer or as a result of the Fund and the issuer having the same investment adviser. Transactions during the reporting period in which the issuer was an affiliate are as follows:


	Shares / Principal July 31, 2018		Gross Additions		Gross Reductions		Shares / Principal October 31, 2018
Corporate Loan
Energy Equipment & Services
Larchmont Resources LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 11.321% [LIBOR4+900], 8/7/20		7,049,908		208,564		—		7,258,472
Common Stock
Arch Coal, Inc., Cl. A		2,961,034		—		—		2,961,034
Everyware Global, Inc.		1,397,654		—		—		1,397,654
Gymboree Corp. (The)		635,688		—		—		635,688
Gymboree Holding Corp.		1,798,615		—		—		1,798,615
J.G. Wentworth Co., Cl. A		2,944,486		47,120		—		2,991,606
Larchmont Resources LLC		8,017		—		—		8,017
Millennium Corporate Claim Litigation Trust		70,485		—		—		70,485
Millennium Lender Claim Litigation Trust		140,969		—		—		140,969
New Millennium Holdco, Inc.		1,431,369		—		—		1,431,369
Quicksilver Resources, Inc.		145,955,000		—		—		145,955,000
Templar Energy, Cl. A		1,799,429		—		—		1,799,429
Investment Company
Oppenheimer Institutional Government Money Market Fund, Cl. E		875,570,340		1,086,417,597		1,062,498,489		899,489,448

	Value		Income		Realized Gain (Loss)		Change in Unrealized Gain (Loss)
Corporate Loan
Energy Equipment & Services
Larchmont Resources LLC, Sr. Sec. Credit Facilities 1st Lien Term Loan, 11.321% [LIBOR4+900], 8/7/20	$	7,149,595	$	—	$	—	$	11,504
Common Stock
Arch Coal, Inc., Cl. A		283,963,161		1,184,414		—		187,647,414
Everyware Global, Inc.		2,096,481		—		—		(31,144,651	)
Gymboree Corp. (The)		3,615,475		—		—		(4,339,401	)
Gymboree Holding Corp.		10,229,623		—		—		(34,134,147	)
J.G. Wentworth Co., Cl. A		29,168,158		—		—		(15,561,507	)
Larchmont Resources LLC		2,204,755		—		—		(501,080	)
Millennium Corporate Claim Litigation Trust		—		—		—		(705	)
Millennium Lender Claim Litigation Trust		—		—		—		(1,410	)
New Millennium Holdco, Inc.		164,607		—		—		(25,820,158	)
Quicksilver Resources, Inc.		—		—		—		(83,260,829	)

21 OPPENHEIMER SENIOR FLOATING RATE FUND

STATEMENT OF INVESTMENTS Unaudited / Continued

Footnotes to Statement of Investments (Continued)


	Value		Income		Realized Gain (Loss)		Change in Unrealized Gain (Loss)
Templar Energy, Cl. A	$	1,799,429	$	—	$	—	$	(54,349,527	)
Investment Company
Oppenheimer Institutional Government Money Market Fund, Cl. E		899,489,448		3,838,913		—		—

Total	$	1,239,880,732	$	5,023,327	$	—	$	(61,454,497	)

a. No longer an affiliate at period end.

b. The security is no longer an affiliate. Therefore, the value has been excluded from this table.

6. Interest or dividend is paid-in-kind, when applicable.

7. Represents securities sold under Rule 144A, which are exempt from registration under the Securities Act of 1933, as amended. These securities have been determined to be liquid under guidelines established by the Board of Trustees. These securities amount to $115,168,512 or 0.73% of the Fund’s net assets at period end.

8. Non-income producing security.

9. Rate shown is the 7-day yield at period end.

10. Security received as the result of issuer reorganization.


Glossary:
Definitions
LIBOR4		London Interbank Offered Rate-Quarterly
LIBOR6		London Interbank Offered Rate-Bi-Monthly
LIBOR12		London Interbank Offered Rate-Monthly
LIBOR52		London Interbank Offered Rate-Weekly
PRIME4		United States Prime Rate-Quarterly

22 OPPENHEIMER SENIOR FLOATING RATE FUND

NOTES TO STATEMENT OF INVESTMENTS October 31, 2018 Unaudited

1. Organization

Oppenheimer Senior Floating Rate Fund (the “Fund”) is registered under the Investment Company Act of 1940 (“1940 Act”), as amended, as an open-end diversified management investment company. The Fund’s investment objective is to seek income. The Fund’s investment adviser is OFI Global Asset Management, Inc. (“OFI Global” or the “Manager”), a wholly-owned subsidiary of OppenheimerFunds, Inc. (“OFI” or the “Sub-Adviser”). The Manager has entered into a sub-advisory agreement with OFI.

2. Securities Valuation

The Fund calculates the net asset value of its shares as of 4:00 P.M. Eastern Time, on each day the New York Stock Exchange (the “Exchange”) is open for trading, except in the case of a scheduled early closing of the Exchange, in which case the Fund will calculate net asset value of the shares as of the scheduled early closing time of the Exchange.

The Fund’s Board has adopted procedures for the valuation of the Fund’s securities and has delegated the day-to-day responsibility for valuation determinations under those procedures to the Manager. The Manager has established a Valuation Committee which is responsible for determining a fair valuation for any security for which market quotations are not readily available. The Valuation Committee’s fair valuation determinations are subject to review, approval and ratification by the Fund’s Board at least quarterly or more frequently, if necessary.

Valuation Methods and Inputs

Securities are valued primarily using unadjusted quoted market prices, when available, as supplied by third party pricing services or broker-dealers.

The following methodologies are used to determine the market value or the fair value of the types of securities described below:

Equity securities traded on a securities exchange (including exchange-traded derivatives other than futures and futures options) are valued based on the official closing price on the principal exchange on which the security is traded, as identified by the Manager, prior to the time when the Fund’s assets are valued. If the official closing price is unavailable, the security is valued at the last sale price on the principal exchange on which it is traded, or if no sales occurred, the security is valued at the mean between the quoted bid and asked prices. Over-the-counter equity securities are valued at the last published sale price, or if no sales occurred, at the mean between the quoted bid and asked prices. Events occurring after the close of trading on foreign exchanges may result in adjustments to the valuation of foreign securities to more accurately reflect their fair value as of the time when the Fund’s assets are valued.

Shares of a registered investment company that are not traded on an exchange are valued at that investment company’s net asset value per share.

Corporate and government debt securities (of U.S. or foreign issuers) and municipal debt securities, short-term notes, mortgage-backed securities, collateralized mortgage obligations, and asset-backed securities are valued at the mean between the bid and asked prices utilizing evaluated prices obtained from third party pricing services or broker-dealers who may use

23 OPPENHEIMER SENIOR FLOATING RATE FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

2. Securities Valuation (Continued)

matrix pricing methods to determine the evaluated prices. Pricing services generally price debt securities assuming orderly transactions of an institutional “round lot” size, but some trades may occur in smaller, “odd lot” sizes, sometimes at lower prices than institutional round lot trades. Standard inputs generally considered by third-party pricing vendors include reported trade data, broker-dealer price quotations, benchmark yields, issuer spreads on comparable securities, the credit quality, yield, maturity, as well as other appropriate factors.

Loans are valued at the mean between the bid and asked prices utilizing evaluated prices obtained from third party pricing services or broker-dealers. Standard inputs generally considered by third-party pricing vendors include information obtained from market participants regarding broker-dealer price quotations.

Securities for which market quotations are not readily available, or when a significant event has occurred that would materially affect the value of the security, are fair valued either (i) by a standardized fair valuation methodology applicable to the security type or the significant event as previously approved by the Valuation Committee and the Fund’s Board or (ii) as determined in good faith by the Manager’s Valuation Committee. The Valuation Committee considers all relevant facts that are reasonably available, through either public information or information available to the Manager, when determining the fair value of a security. Those standardized fair valuation methodologies include, but are not limited to, valuing securities at the last sale price or initially at cost and subsequently adjusting the value based on: changes in company specific fundamentals, changes in an appropriate securities index, or changes in the value of similar securities which may be further adjusted for any discounts related to security-specific resale restrictions. When possible, such methodologies use observable market inputs such as unadjusted quoted prices of similar securities, observable interest rates, currency rates and yield curves. The methodologies used for valuing securities are not necessarily an indication of the risks associated with investing in those securities nor can it be assured that the Fund can obtain the fair value assigned to a security if it were to sell the security.

To assess the continuing appropriateness of security valuations, the Manager regularly compares prior day prices and sale prices to the current day prices and challenges those prices exceeding certain tolerance levels with the third party pricing service or broker source. For those securities valued by fair valuations, whether through a standardized fair valuation methodology or a fair valuation determination, the Valuation Committee reviews and affirms the reasonableness of the valuations based on such methodologies and fair valuation determinations on a regular basis after considering all relevant information that is reasonably available.

Classifications

Each investment asset or liability of the Fund is assigned a level at measurement date based on the significance and source of the inputs to its valuation. Various data inputs may be used in determining the value of each of the Fund’s investments as of the reporting period end. These data inputs are categorized in the following hierarchy under applicable financial accounting standards:

24 OPPENHEIMER SENIOR FLOATING RATE FUND

2. Securities Valuation (Continued)

1) Level 1-unadjusted quoted prices in active markets for identical assets or liabilities (including securities actively traded on a securities exchange)

2) Level 2-inputs other than unadjusted quoted prices that are observable for the asset or liability (such as unadjusted quoted prices for similar assets and market corroborated inputs such as interest rates, prepayment speeds, credit risks, etc.)

3) Level 3-significant unobservable inputs (including the Manager’s own judgments about assumptions that market participants would use in pricing the asset or liability).

The inputs used for valuing securities are not necessarily an indication of the risks associated with investing in those securities.

The Fund classifies each of its investments in investment companies which are publicly offered as Level 1. Investment companies that are not publicly offered, if any, are classified as Level 2 in the fair value hierarchy.

The table below categorizes amounts at period end based on valuation input level:


	Level 1— Unadjusted Quoted Prices		Level 2— Other Significant Observable Inputs		Level 3— Significant Unobservable Inputs		Value
Assets Table
Investments, at Value:
Corporate Loans	$	—	$	14,538,541,959	$	304,147,502	$	14,842,689,461
Corporate Bonds and Notes		—		182,537,937		—		182,537,937
Common Stocks		329,453,014		70,088,615		6,011,979		405,553,608
Rights, Warrants and Certificates		—		—		445,747		445,747
Investment Company		899,489,448		—		—		899,489,448

Total Assets	$	1,228,942,462	$	14,791,168,511	$	310,605,228	$	16,330,716,201

Forward currency exchange contracts and futures contracts, if any, are reported at their unrealized appreciation/depreciation at measurement date, which represents the change in the contract’s value from trade date. All additional assets and liabilities included in the above table are reported at their market value at measurement date.

For the reporting period, there were no transfers between levels.

The table below shows the transfers between Level 2 and Level 3. The Fund’s policy is to recognize transfers in and transfers out as of the beginning of the reporting period.


	Transfers into Level 2*		Transfers out of Level 2**		Transfers into Level 3**		Transfers out of Level 3*
Assets Table Investments, at Value:
Common Stocks	$	14,314	$	–	$	–	$	(14,314	)

25 OPPENHEIMER SENIOR FLOATING RATE FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

2. Securities Valuation (Continued)


Rights, Warrants and Certificates	$	–	$	(44,872	)		44,872		–

Total Assets	$	14,314	$	(44,872	)	$	44,872	$	(14,314)

* Transferred from Level 3 to Level 2 due to the availability of market data for this security.

** Transferred from Level 2 to Level 3 because of the lack of observable market data due to a decrease in market activity for these securities.

3. Investments and Risks

Investments in Affiliated Funds. The Fund is permitted to invest in other mutual funds advised by the Manager (“Affiliated Funds”). Affiliated Funds are open-end management investment companies registered under the 1940 Act, as amended. The Manager is the investment adviser of, and the Sub-Adviser provides investment and related advisory services to, the Affiliated Funds. When applicable, the Fund’s investments in Affiliated Funds are included in the Statement of Investments. Shares of Affiliated Funds are valued at their net asset value per share. As a shareholder, the Fund is subject to its proportional share of the Affiliated Funds’ expenses, including their management fee. The Manager will waive fees and/ or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund’s investment in the Affiliated Funds.

Each of the Affiliated Funds in which the Fund invests has its own investment risks, and those risks can affect the value of the Fund’s investments and therefore the value of the Fund’s shares. To the extent that the Fund invests more of its assets in one Affiliated Fund than in another, the Fund will have greater exposure to the risks of that Affiliated Fund.

Investments in Money Market Instruments. The Fund is permitted to invest its free cash balances in money market instruments to provide liquidity or for defensive purposes. The Fund may invest in money market instruments by investing in Class E shares of Oppenheimer Institutional Government Money Market Fund (“IGMMF”), which is an Affiliated Fund. IGMMF is regulated as a money market fund under the 1940 Act, as amended. The Fund may also invest in money market instruments directly or in other affiliated or unaffiliated money market funds.

Senior Loans. Under normal market conditions, the Fund will invest at least 80% of its net assets (plus borrowings for investment purposes) in floating rate senior loans made to U.S. and foreign borrowers that are corporations, partnerships or other business entities. The Fund will do so either as an original lender or as a purchaser of a loan assignment or a participation interest in a loan. While most of these loans will be collateralized, the Fund can also under normal market conditions invest up to 10% of its net assets (plus borrowings for investment purposes) in uncollateralized floating rate senior loans. Senior loans are often issued in connection with recapitalizations, acquisitions, leveraged buyouts, and refinancing of borrowers. The senior loans pay interest at rates that float above (or are adjusted periodically based on) a benchmark that reflects current interest rates. Senior loans generally are not listed on any national securities exchange or automated quotation system and no active

26 OPPENHEIMER SENIOR FLOATING RATE FUND

3. Investments and Risks (Continued)

trading market exists for some senior loans. As a result, some senior loans are illiquid, which may make it difficult for the Fund to value them or dispose of them at an acceptable price when necessary. To the extent that a secondary market does exist for certain senior loans, the market may be subject to irregular trading activity, wide bid/ask spreads and extended trade settlement periods.

When investing in senior loans, the Fund generally will have a contractual relationship only with the lender, not with the relevant borrower. As a result, the Fund generally will have the right to receive payments of principal, interest, and any fees to which it is entitled only from the lender selling the participation and only upon receipt by the lender of the payments from the relevant borrower. The Fund may not directly benefit from the collateral supporting the debt obligation in which it has purchased the participation. As a result, the Fund will assume the credit risk of both the borrower and the institution selling the participation to the Fund.

At period end, securities with an aggregate market value of $14,842,689,461, representing 94.6% of the Fund’s net assets were comprised of senior loans.

Securities on a When-Issued or Delayed Delivery Basis. The Fund purchases and sells interests in Senior Loans and other portfolio securities on a “when issued” basis, and may purchase or sell securities on a “delayed delivery” basis. “When-issued” or “delayed delivery” refers to securities whose terms and indenture are available and for which a market exists, but which are not available for immediate delivery. Delivery and payment for securities that have been purchased by the Fund on a when-issued basis normally takes place within six months and possibly as long as two years or more after the trade date. During this period, such securities do not earn interest, are subject to market fluctuation and may increase or decrease in value prior to their delivery. The purchase of securities on a when-issued basis may increase the volatility of the Fund’s net asset value to the extent the Fund executes such transactions while remaining substantially fully invested. When the Fund engages in when-issued or delayed delivery transactions, it relies on the buyer or seller, as the case may be, to complete the transaction. Their failure to do so may cause the Fund to lose the opportunity to obtain or dispose of the security at a price and yield it considers advantageous. The Fund may also sell securities that it purchased on a when-issued basis or forward commitment prior to settlement of the original purchase.

Equity Security Risk. Stocks and other equity securities fluctuate in price. The value of the Fund’s portfolio may be affected by changes in the equity markets generally. Equity markets may experience significant short-term volatility and may fall sharply at times. Different markets may behave differently from each other and U.S. equity markets may move in the opposite direction from one or more foreign stock markets. Adverse events in any part of the equity or fixed-income markets may have unexpected negative effects on other market segments.

The prices of individual equity securities generally do not all move in the same direction at the same time and a variety of factors can affect the price of a particular company’s securities. These factors may include, but are not limited to, poor earnings reports, a loss of customers, litigation against the company, general unfavorable performance of the company’s sector or

27 OPPENHEIMER SENIOR FLOATING RATE FUND

NOTES TO STATEMENT OF INVESTMENTS Unaudited / Continued

3. Investments and Risks (Continued)

industry, or changes in government regulations affecting the company or its industry.

Credit Risk. Senior loans are subject to credit risk. Credit risk relates to the ability of the borrower under a senior loan to make interest and principal payments as they become due. The Fund’s investments in senior loans are subject to risk of missing an interest and/or principal payment.

Information concerning securities not accruing income at period end is as follows:


Cost	$	408,087,923
Market Value	$	322,536,388
Market Value as % of Net Assets		2.06%

4. Market Risk Factors

The Fund’s investments in securities and/or financial derivatives may expose the Fund to various market risk factors:

Commodity Risk. Commodity risk relates to the change in value of commodities or commodity indexes as they relate to increases or decreases in the commodities market. Commodities are physical assets that have tangible properties. Examples of these types of assets are crude oil, heating oil, metals, livestock, and agricultural products.

Credit Risk. Credit risk relates to the ability of the issuer of debt to meet interest and principal payments, or both, as they come due. In general, lower-grade, higher-yield debt securities are subject to credit risk to a greater extent than lower-yield, higher-quality securities.

Equity Risk. Equity risk relates to the change in value of equity securities as they relate to increases or decreases in the general market.

Foreign Exchange Rate Risk. Foreign exchange rate risk relates to the change in the U.S. dollar value of a security held that is denominated in a foreign currency. The U.S. dollar value of a foreign currency denominated security will decrease as the dollar appreciates against the currency, while the U.S. dollar value will increase as the dollar depreciates against the currency.

Interest Rate Risk. Interest rate risk refers to the fluctuations in value of fixed-income securities resulting from the inverse relationship between price and yield. For example, an increase in general interest rates will tend to reduce the market value of already issued fixed-income investments, and a decline in general interest rates will tend to increase their value. In addition, debt securities with longer maturities, which tend to have higher yields, are subject to potentially greater fluctuations in value from changes in interest rates than obligations with shorter maturities.

Volatility Risk. Volatility risk refers to the magnitude of the movement, but not the direction of the movement, in a financial instrument’s price over a defined time period. Large increases or decreases in a financial instrument’s price over a relative time period typically indicate greater volatility risk, while small increases or decreases in its price typically indicate lower volatility risk.

28 OPPENHEIMER SENIOR FLOATING RATE FUND

5. Borrowings and Other Financing

Loan Commitments. Pursuant to the terms of certain credit agreements, the Fund has unfunded loan commitments of $7,734,497 at period end. The Fund generally will maintain with its custodian, liquid investments having an aggregate value at least equal to the par value of unfunded loan commitments. At period end, these investments have a market value of $7,708,470 and have been included as Corporate Loans in the Statement of Investments. The following commitments are subject to funding based on the borrower’s discretion. The Fund is obligated to fund these commitments at the time of the request by the borrower. These commitments have been excluded from the Statement of Investments. The unrealized appreciation/depreciation on these commitments is recorded as an asset/liability on the Statement of Assets and Liabilities in the annual and semiannual reports.

6. Pending Acquisition

On October 18, 2018, Massachusetts Mutual Life Insurance Company (“MassMutual”), an indirect corporate parent of the Sub-Adviser and the Manager announced that it has entered into a definitive agreement, whereby Invesco Ltd. (“Invesco”), a global investment management company, will acquire the Sub-Adviser. As of the time of the announcement, the transaction is expected to close in the second quarter of 2019, pending necessary regulatory and other third-party approvals. This is subject to change.

29 OPPENHEIMER SENIOR FLOATING RATE FUND

Item 2. Controls and Procedures.

(a)

Based on their evaluation of the registrant’s disclosure controls and procedures (as defined in rule 30a-3(c) under the Investment Company Act of 1940 (17 CFR 270.30a-3(c)) as of 10/31/2018, the registrant’s principal executive officer and principal financial officer found the registrant’s disclosure controls and procedures to provide reasonable assurances that information required to be disclosed by the registrant in the reports that it files under the Securities Exchange Act of 1934 (a) is accumulated and communicated to the registrant’s management, including its principal executive officer and principal financial officer, to allow timely decisions regarding required disclosure, and (b) is recorded, processed, summarized and reported, within the time periods specified in the rules and forms adopted by the U.S. Securities and Exchange Commission.

(b)

There have been no significant changes in the registrant’s internal controls over financial reporting that occurred during the registrant’s last fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting.

Item 3. Exhibits.

Exhibits attached hereto.

SIGNATURES

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, the registrant has duly caused this report to be signed on its behalf by the undersigned, thereunto duly authorized.

Oppenheimer Senior Floating Rate Fund


By:		/s/ Arthur P. Steinmetz
		Arthur P. Steinmetz
		Principal Executive Officer
Date:		12/21/2018

Pursuant to the requirements of the Securities Exchange Act of 1934 and the Investment Company Act of 1940, this report has been signed below by the following persons on behalf of the registrant and in the capacities and on the dates indicated.


By:		/s/ Arthur P. Steinmetz
		Arthur P. Steinmetz
		Principal Executive Officer
Date:		12/21/2018


By:		/s/ Brian S. Petersen
		Brian S. Petersen
		Principal Financial Officer
Date:		12/21/2018

Exhibit 99.CERT

Section 302 Certifications

CERTIFICATIONS

I, Arthur P. Steinmetz, certify that:

1.	I have reviewed this report on Form N-Q of Oppenheimer Senior Floating Rate Fund;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

The registrant’s other certifying officer and I are responsible for establishing and maintaining disclosure controls and procedures (as defined in Rule 30a-3(c) under the Investment Company Act of 1940) and internal control over financial reporting (as defined in Rule 30a-3(d) under the Investment Company Act of 1940) for the registrant and have:

(a)

Designed such disclosure controls and procedures, or caused such disclosure controls and procedures to be designed under our supervision, to ensure that material information relating to the registrant, including its consolidated subsidiaries, is made known to us by others within those entities, particularly during the period in which this report is being prepared;

(b)

Designed such internal control over financial reporting, or caused such internal control over financial reporting to be designed under our supervision, to provide reasonable assurance regarding the reliability of financial reporting and the preparation of financial statements for external purposes in accordance with generally accepted accounting principles;

(c)

Evaluated the effectiveness of the registrant’s disclosure controls and procedures and presented in this report our conclusions about the effectiveness of the disclosure controls and procedures, as of a date within 90 days prior to the filing date of this report, based on such evaluation; and

(d)

Disclosed in this report any change in the registrant’s internal control over financial reporting that occurred during the registrant’s most recent fiscal quarter that has materially affected, or is reasonably likely to materially affect, the registrant’s internal control over financial reporting; and

5.	The registrant’s other certifying officer and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of Trustees (or persons performing the equivalent functions):

(a)

All significant deficiencies and material weaknesses in the design or operation of internal control over financial reporting which are reasonably likely to adversely affect the registrant’s ability to record, process, summarize, and report financial information; and

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Arthur P. Steinmetz

Arthur P. Steinmetz

Principal Executive Officer

Date: 12/21/2018

Exhibit 99.CERT

Section 302 Certifications

CERTIFICATIONS

I, Brian S. Petersen, certify that:

1.	I have reviewed this report on Form N-Q of Oppenheimer Senior Floating Rate Fund;

2.	Based on my knowledge, this report does not contain any untrue statement of a material fact or omit to state a material fact necessary to make the statements made, in light of the circumstances under which such statements were made, not misleading with respect to the period covered by this report;

3.	Based on my knowledge, the schedules of investments included in this report fairly present in all material respects the investments of the registrant as of the end of the fiscal quarter for which the report is filed;

(a)

(b)

(c)

(d)

5.	The registrant’s other certifying officer and I have disclosed to the registrant’s auditors and the audit committee of the registrant’s board of Trustees (or persons performing the equivalent functions):

(a)

(b)

Any fraud, whether or not material, that involves management or other employees who have a significant role in the registrant’s internal control over financial reporting.

/s/ Brian S. Petersen

Brian S. Petersen

Principal Financial Officer

Date: 12/21/2018

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