Important News for Account Holders
Please note: For all Bright Start College Savings Program Account Owners, we would like to notify you of two important updates to your Program Disclosure Statement and Participation Agreement:
- As announced in 2015, to ensure compliance with the upcoming money market reform rules that will be effective October 14, 2016, OppenheimerFunds' money market offerings will transition to government money market funds. Effective September 28, 2016, the Funds' names will change as shown in the following table:
Current Name: New Name: Oppenheimer Institutional Money Market Fund Oppenheimer Institutional Government Money Market Fund
- As of September 30, 2016, the maximum lifetime contribution limit will increase from $350,000 to $400,000
If you have any questions, feel free to contact us at 1.877.43.BRIGHT (1.877.432.7444), Monday-Friday, 7:00am to 7:00pm CT.
You could lose money by investing in the Fund. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it cannot guarantee it will do so. An investment in the Fund is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The Fund's sponsor has no legal obligation to provide financial support to the Fund, and you should not expect that the sponsor will provide financial support to the Fund at any time.