0001133228-15-005930.txt : 20151113 0001133228-15-005930.hdr.sgml : 20151113 20151113131544 ACCESSION NUMBER: 0001133228-15-005930 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20151113 DATE AS OF CHANGE: 20151113 EFFECTIVENESS DATE: 20151113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER CAPITAL APPRECIATION FUND CENTRAL INDEX KEY: 0000319767 IRS NUMBER: 133054122 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-69719 FILM NUMBER: 151228197 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER TARGET FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER TARGET FUND INC DATE OF NAME CHANGE: 19870616 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER CAPITAL APPRECIATION FUND CENTRAL INDEX KEY: 0000319767 IRS NUMBER: 133054122 STATE OF INCORPORATION: DE FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-03105 FILM NUMBER: 151228198 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER TARGET FUND DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER TARGET FUND INC DATE OF NAME CHANGE: 19870616 0000319767 S000006959 OPPENHEIMER CAPITAL APPRECIATION FUND C000018983 A C000018984 B C000018985 C C000018986 R C000018987 Y C000109448 I 485BPOS 1 e485bpos-oficptlapfnd.htm OPPENHEIMER CAPITAL APPRECIATION FUND - 485BPOS XBRL e485bpos-oficptlapfnd.htm - Generated by SEC Publisher for SEC Filing  

 

Registration No. 811-3105

File No. 2-69719

 

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549

 

FORM N-1A

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

x

 

 

Pre-Effective Amendment No.

¨

 

 

Post-Effective Amendment No. 68

x

 

 

and/or

 

 

 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANYACT OF 1940

x

 

 

Amendment No. 61

x

 

 

OPPENHEIMER CAPITAL APPRECIATION FUND

(Exact Name of Registrant as Specified in Charter)

 

6803 South Tucson Way, Centennial, Colorado 80112-3924

(Address of Principal Executive Offices)                 (Zip Code)

 

(303) 768-3200

(Registrant’s Telephone Number, including Area Code)

 

Arthur S. Gabinet, Esq.

OFI Global Asset Management, Inc.

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

(Name and Address of Agent for Service)

 

It is proposed that this filing will become effective (check appropriate box):

 

x

Immediately upon filing pursuant to paragraph (b)

¨

On ____________, pursuant to paragraph (b)

¨

60 days after filing, pursuant to paragraph (a)(1)

¨

On _____________, pursuant to paragraph (a)(1)

¨

75 days after filing, pursuant to paragraph (a)(2)

¨

On ______________, pursuant to paragraph (a)(2) of Rule 485.

 

If appropriate, check the following box:

 

¨

This post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 


 
 

 

SIGNATURES

 

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York and State of New York on the 13th day of November, 2015.

 

 

OPPENHEIMER CAPITAL APPRECIATION FUND

 

 

 

 

By:

Arthur P. Steinmetz*


 

 

Arthur P. Steinmetz

 

 

Trustee, President and Principal Executive Officer

 

Pursuant to the requirements of the Securities Act of 1933, this Registration Statement has been signed below by the following persons in the capacities on the dates indicated:

 

Signatures

Title

Date

 

 

 

 

 

 

Brian F. Wruble*


Chairman of the

November 13, 2015

Brian F. Wruble

Board of Trustees

 

 

 

 

 

 

 

Arthur P. Steinmetz*


Trustee, President and

November 13, 2015

Arthur P. Steinmetz

Principal Executive Officer

 

 

 

 

 

 

 

Brian W. Wixted*


Treasurer, Principal

November 13, 2015

Brian W. Wixted

Financial & Accounting Officer

 

 

 

 

 

 

 

David K. Downes*


Trustee

November 13, 2015

David K. Downes

 

 

 

 

 

 

 

 

Matthew P. Fink*


Trustee

November 13, 2015

Matthew P. Fink

 

 

 

 

 

 

 

 

Edmund P. Giambastiani, Jr.*


Trustee

November 13, 2015

Edmund P. Giambastiani, Jr.

 

 

 

 

 

 

 

 

William F. Glavin, Jr.*


Trustee

November 13, 2015

William F. Glavin, Jr.

 

 

 

 

 

 

 

 

Elizabeth Krentzman*


Trustee

November 13, 2015

Elizabeth Krentzman

 

 

 

 

 

 

 

 

Mary F. Miller*


Trustee

November 13, 2015

Mary F. Miller

 

 

 

 

 

 

 

 

Joel W. Motley*


Trustee

November 13, 2015

Joel W. Motley

 

 

 

 

 

 

 

 

Joanne Pace*


Trustee

November 13, 2015

Joanne Pace

 

 

 

 

 

 

 

 

Daniel Vandivort*


Trustee

November 13, 2015

Daniel Vandivort

 

 

 

*By:

/s/ Mitchell J. Lindauer


 

Mitchell J. Lindauer, Attorney-in-Fact

 


 
 

 

EXHIBIT INDEX

 

Exhibit No.

Description

 

 

Ex-101.INS

XBRL Instance Document

Ex-101.SCH

XBRL Taxonomy Extension Schema Document

Ex-101.CAL

XBRL Taxonomy Extension Calculation Linkbase Document

Ex-101.DEF

XBRL Taxonomy Extension Definition Linkbase

Ex-101.LAB

XBRL Taxonomy Extension Labels Linkbase

Ex-101.PRE

XBRL Taxonomy Extension Presentation Linkbase Document

 

 

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You may qualify for sales charge discounts if you (or you and your spouse) invest, or agree to invest in the future, at least $25,000 in certain funds in the Oppenheimer family of funds. More information about these and other discounts is available from your financial professional and in the section "About Your Account" beginning on page 10 of the prospectus and in the sections "How to Buy Shares" beginning on page 46 and "Appendix A" in the Fund's Statement of Additional Information.</p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"><b>Shareholder Fees (fees paid directly from your investment) </b></p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"><b>Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)</b></p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Example.</b> The following Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in a class of shares of the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your expenses would be as follows:</p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"><b>If shares are redeemed</b></p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Portfolio Turnover.</b> The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 66% of the average value of its portfolio.</p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Principal Investment Strategies.</b> The Fund mainly invests in common stocks of "growth companies." Growth companies are companies whose earnings and stock prices are expected to increase at a faster rate than the overall market. These may be newer companies or established companies of any capitalization range that the portfolio manager believes may appreciate in value over the long term. Currently, the Fund primarily focuses on established companies that are similar in size to companies in the S&amp;P 500 Index or the Russell 1000 Growth Index. The Fund primarily invests in securities of U.S. issuers but may also invest in foreign securities. The portfolio manager looks for growth companies with stock prices that he believes are reasonable in relation to overall stock market valuations. In seeking broad diversification of the Fund's portfolio among industries and market sectors, the portfolio manager focuses on a number of factors that may vary in particular cases and over time. Currently, the portfolio manager looks for:</p> <ul><li> <p style="font-size:10pt;padding-top:0;padding-bottom:0;padding-left:0;">companies in business areas that have above-average growth potential</p> </li><li> <p style="font-size:10pt;padding-top:0;padding-bottom:0;padding-left:0;">companies with growth rates that the portfolio manager believes are sustainable over time</p> </li><li> <p style="font-size:10pt;padding-top:0;padding-bottom:0;padding-left:0;">stocks with reasonable valuations relative to their growth potential.</p> </li></ul> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:8;">The Fund may sell the stocks of companies that the portfolio manager believes no longer meet the above criteria, but is not required to do so.</p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Principal Risks.</b> The price of the Fund's shares can go up and down substantially. The value of the Fund's investments may change because of broad changes in the markets in which the Fund invests or because of poor investment selection, which could cause the Fund to underperform other funds with similar investment objectives. There is no assurance that the Fund will achieve its investment objective. When you redeem your shares, they may be worth less than what you paid for them. <i>These risks mean that you can lose money by investing in the Fund.</i> </p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Risks of Investing in Stocks.</b> The value of the Fund's portfolio may be affected by changes in the stock markets. Stock markets may experience significant short-term volatility and may fall sharply at times. Adverse events in any part of the equity or fixed-income markets may have unexpected negative effects on other market segments. Different stock markets may behave differently from each other and U.S. stock markets may move in the opposite direction from one or more foreign stock markets.</p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;">The prices of individual stocks generally do not all move in the same direction at the same time. For example, "growth" stocks may perform well under circumstances in which "value" stocks in general have fallen. A variety of factors can affect the price of a particular company's stock. 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 industry, or changes in government regulations affecting the company or its industry. To the extent that securities of a particular type are emphasized, (for example foreign stocks, stocks of small- or mid-cap companies, growth or value stocks, or stocks of companies in a particular industry), fund share values may fluctuate more in response to events affecting the market for those types of securities.</p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"> <i> <b>Industry and Sector Focus.</b> </i> At times the Fund may increase the relative emphasis of its investments in a particular industry or sector. The prices of stocks of issuers in a particular industry or sector may go up and down in response to changes in economic conditions, government regulations, availability of basic resources or supplies, or other events that affect that industry or sector more than others. To the extent that the Fund increases the relative emphasis of its investments in a particular industry or sector, its share values may fluctuate in response to events affecting that industry or sector. To some extent that risk may be limited by the Fund's policy of not concentrating its investments in any one industry. </p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Risks of Growth Investing.</b> If a growth company's earnings or stock price fails to increase as anticipated, or if its business plans do not produce the expected results, its securities may decline sharply. Growth companies may be newer or smaller companies that may experience greater stock price fluctuations and risks of loss than larger, more established companies. Newer growth companies tend to retain a large part of their earnings for research, development or investments in capital assets. Therefore, they may not pay any dividends for some time. Growth investing has gone in and out of favor during past market cycles and is likely to continue to do so. During periods when growth investing is out of favor or when markets are unstable, it may be more difficult to sell growth company securities at an acceptable price. Growth stocks may also be more volatile than other securities because of investor speculation.</p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Who Is The Fund Designed For? </b>The Fund is designed primarily for investors seeking capital appreciation over the long term. Those investors should be willing to assume the risks of short-term share price fluctuations that are typical for a fund focusing on stocks. Because of its focus on long-term growth, the Fund may be more appropriate for investors with longer term investment goals. The Fund is not designed for investors needing current income. The Fund is not a complete investment program. You should carefully consider your own investment goals and risk tolerance before investing in the Fund.</p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"> <b>An investment in the Fund is not a deposit of any bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.</b> </p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"> <b> The Fund's Past Performance.</b> The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance (for Class A shares) from calendar year to calendar year and by showing how the Fund's average annual returns for the periods of time shown in the table compare with those of a broad measure of market performance. The Fund's past investment performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. More recent performance information is available by calling the toll-free number on the back of this prospectus and on the Fund's website: https://www.oppenheimerfunds.com/fund/CapitalAppreciationFund</p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"> Sales charges and taxes are not included and the returns would be lower if they were. During the period shown, the highest return for a calendar quarter was 18.94% (2nd Qtr 09) and the lowest return for a calendar quarter was -28.10% (4th Qtr 08). For the period from January 1, 2015 through September 30, 2015 the cumulative return before sales charges and taxes was -4.67%. </p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;">The following table shows the average annual total returns for each class of the Fund's shares. After-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state or local taxes. Your actual after-tax returns, depending on your individual tax situation, may differ from those shown and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one class and after-tax returns for other classes will vary.</p> <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"><b>Average Annual Total Returns for the periods ended December 31, 2014</b> </p> <div style="display:none">~http://oficptlapfnd-20151028/role/ShareholderFeesDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oficptlapfnd-20151028_S000006959Member ~</div> 0.0575 0 0 0.05 0 0.01 0 0 0 0 0 0 <div style="display:none">~ http://oficptlapfnd-20151028/role/OperatingExpensesDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oficptlapfnd-20151028_S000006959Member ~</div> 0.0059 0.0025 0.0022 0.0106 0.0059 0.01 0.0023 0.0182 0.0059 0.01 0.0022 0.0181 0.0059 0.005 0.0022 0.0131 0.0059 0 0.0022 0.0081 0.0059 0 0.0003 0.0062 <div style="display:none">~ http://oficptlapfnd-20151028/role/ExpenseExampleAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oficptlapfnd-20151028_S000006959Member ~</div> 677 687 286 134 83 64 894 878 575 418 260 199 1129 1194 989 723 451 347 1801 1768 2146 1589 1006 777 <div style="display:none">~ http://oficptlapfnd-20151028/role/ExpenseExampleNoRedemptionAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oficptlapfnd-20151028_S000006959Member ~</div> 677 187 186 134 83 64 894 578 575 418 260 199 1129 994 989 723 451 347 1801 1768 2146 1589 1006 777 <div style="display:none">~ http://oficptlapfnd-20151028/role/BarChartDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oficptlapfnd-20151028_S000006959Member ~</div> 0.047 0.0751 0.1376 -0.459 0.4358 0.0914 -0.0157 0.1369 0.2924 0.1507 <div style="display:none">~ http://oficptlapfnd-20151028/role/PerformanceTableDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oficptlapfnd-20151028_S000006959Member ~</div> 0.0845 0.0434 0.0721 0.0939 0.1323 0.1379 0.1532 0.1555 0.1369 0.1305 0.1135 0.1024 0.0891 0.115 0.1181 0.1238 0.1309 0.1951 0.1545 0.2041 0.1581 0.2026 0.0547 0.0489 0.0431 0.0559 0.0528 0.0579 0.0649 0.0767 0.0849 <p style="font-size:10pt;padding-top:2;padding-bottom:0;padding-left:0;"><b>If shares are not redeemed</b></p> 1981-01-22 1995-11-01 1993-12-01 2001-03-01 1997-11-03 2011-12-29 You may qualify for sales charge discounts if you (or you and your spouse) invest, or agree to invest in the future, at least $25,000 in certain funds in the Oppenheimer family of funds. 0.66 25000 Expenses have been restated to reflect current fees. An investment in the Fund is not a deposit of any bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency. The price of the Fund's shares can go up and down substantially. The value of the Fund's investments may change because of broad changes in the markets in which the Fund invests or because of poor investment selection, which could cause the Fund to underperform other funds with similar investment objectives. There is no assurance that the Fund will achieve its investment objective. When you redeem your shares, they may be worth less than what you paid for them. These risks mean that you can lose money by investing in the Fund. The Fund's past investment performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance (for Class A shares) from calendar year to calendar year and by showing how the Fund's average annual returns for the periods of time shown in the table compare with those of a broad measure of market performance. The Fund's past investment performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. Sales charges and taxes are not included and the returns would be lower if they were. For the period from January 1, 2015 through September 30, 2015 the cumulative return before sales charges and taxes was -4.67%. -0.0467 2015-09-30 the highest return for a calendar quarter was 18.94% (2nd Qtr 09) 0.1894 2009-06-30 the lowest return for a calendar quarter was -28.10% (4th Qtr 08) -0.2810 2008-12-31 https://www.oppenheimerfunds.com/fund/CapitalAppreciationFund After-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state or local taxes. Your actual after-tax returns, depending on your individual tax situation, may differ from those shown and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one class and after-tax returns for other classes will vary. Expenses have been restated to reflect current fees. As of 12/31/11. 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Return 1996 Annual Return 1997 Annual Return 1998 Annual Return 1999 Annual Return 2000 Annual Return 2001 Annual Return 2002 Annual Return 2003 Annual Return 2004 Annual Return 2005 Annual Return 2006 Annual Return 2007 Annual Return 2008 Annual Return 2009 Annual Return 2010 Annual Return 2011 Annual Return 2012 Year to Date Return, Label Bar Chart, Year to Date Return Bar Chart, Year to Date Return, Date Highest Quarterly Return, Label Label Highest Quarterly Return Highest Quarterly Return, Date Lowest Quarterly Return, Label Label Lowest Quarterly Return Lowest Quarterly Return, Date Bar Chart Closing [Text Block] Performance Table Heading Performance Table Narrative Performance Table Does Reflect Sales Loads Performance Table Market Index Changed Performance Table Uses Highest Federal Rate Performance Table Not Relevant to Tax Deferred Performance Table Explanation after Tax Higher Caption Column Label 1 Year 5 Years (or life of class, if less) 10 Years (or life of class, if less) Since Inception Inception Date Money Market Seven Day Yield, Caption [Text] Money Market Seven Day Yield Column [Text] Money Market Seven Day Yield Phone Money Market Seven Day Yield Money Market Seven Day Tax Equivalent Yield Thirty Day Yield Caption Thirty Day Yield Column [Text] Thirty Day Yield Phone Thirty Day Yield Thirty Day Tax Equivalent Yield Performance Table Footnotes Performance Table Closing [Text Block] Risk Section: Risk [Heading] Risk Narrative [Text Block] Risk Nondiversified Status [Text] Risk Lose Money [Text] Risk Money Market Fund [Text] Risk Not Insured Depository Institution [Text] Risk Caption Risk Column [Text] Risk [Text] Risk Footnotes [Text Block] Risk Closing [Text Block] Expense [Heading] Expense Narrative [Text Block] Expense Breakpoint Discounts [Text] Expense Exchange Traded Fund Commissions [Text] Shareholder Fees Caption [Text] Shareholder Fees Column [Text] Maximum Cumulative Sales Charge (as a percentage of Offering Price) Maximum Cumulative Sales Charge (as a percentage) Maximum Sales Charge (Load) imposed on purchases (as % of offering price) Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) Maximum Deferred Sales Charge (as a percentage of Offering Price) Maximum Sales Charge on Reinvested Dividends and Distributions (as a percentage) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee (as a percentage of Amount Redeemed) Redemption Fee Redemption Fee Exchange Fee (as a percentage of Amount Redeemed) Exchange Fee Maximum Account Fee (as a percentage of Assets) Maximum Account Fee Shareholder Fee, Other Operating Expenses Caption [Text] Operating Expenses Column [Text] Management Fees Distribution and/or Service (12b-1) Fees Distribution or Similar (Non 12b-1) Fees Other Expenses Other Expenses Component1 Other Expenses Component2 Other Expenses Component3 Other Expenses Acquired Fund Fees and Expenses Total Annual Fund Operating Expenses Total Annual Fund Operating Expenses Total Annual Fund Operating Expenses Fee Waiver or Reimbursement Fee Waiver or Reimbursement Total Annual Fund Operating Expenses After Expense Reimbursement Net Expenses Expenses Represent Both Master and Feeder [Text] Expenses Other Expenses Had Extraordinary Expenses Been Included [Text] Expenses Restated to Reflect Current [Text] Expense Example [Heading] Expense Example Narrative [Text Block] Expense Example by Year [Heading] Expense Example by, Year, Caption [Text] Expense Example, By Year, Column [Text] Column Expense Example, with Redemption, 1 Year 1 Year Expense Example, with Redemption, 3 Years 3 Years Expense Example, with Redemption, 5 Years 5 Years Expense Example, with Redemption, 10 Years 10 Years Expense Example, No Redemption, By Year, Caption [Text] Expense Example, No Redemption, By Year, Column [Text] Column Expense Example, No Redemption, 1 Year 1 Year Expense Example, No Redemption, 3 Years 3 Years Expense Example, No Redemption, 5 Years 5 Years Expense Example, No Redemption, 10 Years 10 Years Expense Example Closing [Text Block] Prospectus Date Prospectus: Share Class [Axis] Share Classes Prospectus [Line Items] Form N-1A: Risk/Return: Portfolio Turnover [Heading] Portfolio Turnover [Text Block] Bar Chart and Performance Table Section: Bar Chart Narrative: Bar Chart Table: Bar Chart Closing: Average Annual Return: Market Index Return: Performance Narrative: Performance Table Section: Performance Table Closing: Expenses: Shareholder Fees: Operating Expenses: Net Expenses (as a percentage of Assets): Expenses (as a percentage of Assets): Other Expenses over Assets: Expense Footnotes: Expense Footnotes [Text Block] Expense Example Narrative: Expense Example: Expense Example Closing: Expense Example Footnotes [Text Block] Portfolio Turnover: Fee Waiver or Reimbursement over Assets, Date of Termination Portfolio Turnover, Rate Expense Breakpoint, Minimum Investment Required [Amount] Performance Table Footnotes, Reason Performance Information for Class Different from Immediately Preceding Period [Text] Bar Chart Footnotes [Text Block] Performance Table One Class of after Tax Shown [Text] Other Expenses, New Fund, Based on Estimates [Text] Acquired Fund Fees and Expenses, Based on Estimates [Text] Expenses Deferred Charges [Text Block] Expenses Range of Exchange Fees [Text Block] Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] Expenses Explanation of Nonrecurring Account Fee [Text] Index No Deduction for Fees, Expenses, Taxes [Text] Annual Return 2013 Annual Return 2014 Performance Availability Website Address [Text] Performance Availability Phone [Text] S000006959 Member (Oppenheimer Capital Appreciation Fund) (Oppenheimer Capital Appreciation Fund) AAAA Member Oppenheimer Capital Appreciation Fund C000018983 Member Class A C000018984 Member Class B C000018985 Member Class C C000109448 Member Class I C000018986 Member Class R C000018987 Member Class Y Benchmark004AAAA Member S&P 500 Index  (reflects no deduction for fees, expenses or taxes) SandP500IndexAAAA Member S&P 500 Index (reflects no deduction for fees, expenses or taxes) Russ1kGrowthIndexAAAA Member Russell 1000 Growth Index (reflects no deduction for fees, expenses or taxes) bench2011050903AAAA Member Russell 1000 Growth Index  (reflects no deduction for fees, expenses or taxes) EX-101.PRE 7 oficptlapfnd-20151028_pre.xml XBRL TAXONOMY EXTENSION PRESENTATION LINKBASE DOCUMENT XML 8 report.css IDEA: XBRL DOCUMENT /* Updated 2009-11-04 */ /* v2.2.0.24 */ /* DefRef Styles */ ..report table.authRefData{ background-color: #def; border: 2px solid #2F4497; font-size: 1em; position: absolute; } ..report table.authRefData a { display: block; font-weight: bold; } ..report table.authRefData p { margin-top: 0px; } ..report table.authRefData .hide { background-color: #2F4497; padding: 1px 3px 0px 0px; text-align: right; } ..report table.authRefData .hide a:hover { background-color: #2F4497; } ..report 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Label Element Value
(Oppenheimer Capital Appreciation Fund)  
Prospectus: rr_ProspectusTable  
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

Investment Objective. The Fund seeks capital appreciation.

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

Fees and Expenses of the Fund. This table describes the fees and expenses that you may pay if you buy and hold or redeem shares of the Fund. You may qualify for sales charge discounts if you (or you and your spouse) invest, or agree to invest in the future, at least $25,000 in certain funds in the Oppenheimer family of funds. More information about these and other discounts is available from your financial professional and in the section "About Your Account" beginning on page 10 of the prospectus and in the sections "How to Buy Shares" beginning on page 46 and "Appendix A" in the Fund's Statement of Additional Information.

Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you (or you and your spouse) invest, or agree to invest in the future, at least $25,000 in certain funds in the Oppenheimer family of funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount $ 25,000
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder Fees (fees paid directly from your investment)

Operating Expenses Caption [Text] rr_OperatingExpensesCaption

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

[1]
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent Expenses have been restated to reflect current fees.
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

Example. The following Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in a class of shares of the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your expenses would be as follows:

Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption

If shares are redeemed

Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption

If shares are not redeemed

Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock

Portfolio Turnover. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 66% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 66.00%
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Principal Investment Strategies. The Fund mainly invests in common stocks of "growth companies." Growth companies are companies whose earnings and stock prices are expected to increase at a faster rate than the overall market. These may be newer companies or established companies of any capitalization range that the portfolio manager believes may appreciate in value over the long term. Currently, the Fund primarily focuses on established companies that are similar in size to companies in the S&P 500 Index or the Russell 1000 Growth Index. The Fund primarily invests in securities of U.S. issuers but may also invest in foreign securities. The portfolio manager looks for growth companies with stock prices that he believes are reasonable in relation to overall stock market valuations. In seeking broad diversification of the Fund's portfolio among industries and market sectors, the portfolio manager focuses on a number of factors that may vary in particular cases and over time. Currently, the portfolio manager looks for:

  • companies in business areas that have above-average growth potential

  • companies with growth rates that the portfolio manager believes are sustainable over time

  • stocks with reasonable valuations relative to their growth potential.

The Fund may sell the stocks of companies that the portfolio manager believes no longer meet the above criteria, but is not required to do so.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Principal Risks. The price of the Fund's shares can go up and down substantially. The value of the Fund's investments may change because of broad changes in the markets in which the Fund invests or because of poor investment selection, which could cause the Fund to underperform other funds with similar investment objectives. There is no assurance that the Fund will achieve its investment objective. When you redeem your shares, they may be worth less than what you paid for them. These risks mean that you can lose money by investing in the Fund.

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

The prices of individual stocks generally do not all move in the same direction at the same time. For example, "growth" stocks may perform well under circumstances in which "value" stocks in general have fallen. A variety of factors can affect the price of a particular company's stock. 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 industry, or changes in government regulations affecting the company or its industry. To the extent that securities of a particular type are emphasized, (for example foreign stocks, stocks of small- or mid-cap companies, growth or value stocks, or stocks of companies in a particular industry), fund share values may fluctuate more in response to events affecting the market for those types of securities.

Industry and Sector Focus. At times the Fund may increase the relative emphasis of its investments in a particular industry or sector. The prices of stocks of issuers in a particular industry or sector may go up and down in response to changes in economic conditions, government regulations, availability of basic resources or supplies, or other events that affect that industry or sector more than others. To the extent that the Fund increases the relative emphasis of its investments in a particular industry or sector, its share values may fluctuate in response to events affecting that industry or sector. To some extent that risk may be limited by the Fund's policy of not concentrating its investments in any one industry.

Risks of Growth Investing. If a growth company's earnings or stock price fails to increase as anticipated, or if its business plans do not produce the expected results, its securities may decline sharply. Growth companies may be newer or smaller companies that may experience greater stock price fluctuations and risks of loss than larger, more established companies. Newer growth companies tend to retain a large part of their earnings for research, development or investments in capital assets. Therefore, they may not pay any dividends for some time. Growth investing has gone in and out of favor during past market cycles and is likely to continue to do so. During periods when growth investing is out of favor or when markets are unstable, it may be more difficult to sell growth company securities at an acceptable price. Growth stocks may also be more volatile than other securities because of investor speculation.

Who Is The Fund Designed For? The Fund is designed primarily for investors seeking capital appreciation over the long term. Those investors should be willing to assume the risks of short-term share price fluctuations that are typical for a fund focusing on stocks. Because of its focus on long-term growth, the Fund may be more appropriate for investors with longer term investment goals. The Fund is not designed for investors needing current income. The Fund is not a complete investment program. You should carefully consider your own investment goals and risk tolerance before investing in the Fund.

An investment in the Fund is not a deposit of any bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

Risk Lose Money [Text] rr_RiskLoseMoney The price of the Fund's shares can go up and down substantially. The value of the Fund's investments may change because of broad changes in the markets in which the Fund invests or because of poor investment selection, which could cause the Fund to underperform other funds with similar investment objectives. There is no assurance that the Fund will achieve its investment objective. When you redeem your shares, they may be worth less than what you paid for them. These risks mean that you can lose money by investing in the Fund.
Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a deposit of any bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The Fund's Past Performance. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance (for Class A shares) from calendar year to calendar year and by showing how the Fund's average annual returns for the periods of time shown in the table compare with those of a broad measure of market performance. The Fund's past investment performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. More recent performance information is available by calling the toll-free number on the back of this prospectus and on the Fund's website: https://www.oppenheimerfunds.com/fund/CapitalAppreciationFund

Bar Chart Does Not Reflect Sales Loads [Text] rr_BarChartDoesNotReflectSalesLoads Sales charges and taxes are not included and the returns would be lower if they were.
Bar Chart Closing [Text Block] rr_BarChartClosingTextBlock

Sales charges and taxes are not included and the returns would be lower if they were. During the period shown, the highest return for a calendar quarter was 18.94% (2nd Qtr 09) and the lowest return for a calendar quarter was -28.10% (4th Qtr 08). For the period from January 1, 2015 through September 30, 2015 the cumulative return before sales charges and taxes was -4.67%.

Performance Table Heading rr_PerformanceTableHeading

Average Annual Total Returns for the periods ended December 31, 2014

Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

The following table shows the average annual total returns for each class of the Fund's shares. After-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state or local taxes. Your actual after-tax returns, depending on your individual tax situation, may differ from those shown and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one class and after-tax returns for other classes will vary.

Performance Table Uses Highest Federal Rate rr_PerformanceTableUsesHighestFederalRate After-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state or local taxes.
Performance Table Not Relevant to Tax Deferred rr_PerformanceTableNotRelevantToTaxDeferred Your actual after-tax returns, depending on your individual tax situation, may differ from those shown and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts.
Performance Past Does Not Indicate Future [Text] rr_PerformancePastDoesNotIndicateFuture The Fund's past investment performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Performance Information Illustrates Variability of Returns [Text] rr_PerformanceInformationIllustratesVariabilityOfReturns The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance (for Class A shares) from calendar year to calendar year and by showing how the Fund's average annual returns for the periods of time shown in the table compare with those of a broad measure of market performance. The Fund's past investment performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future.
Performance Table One Class of after Tax Shown [Text] rr_PerformanceTableOneClassOfAfterTaxShown After-tax returns are shown for only one class and after-tax returns for other classes will vary.
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress https://www.oppenheimerfunds.com/fund/CapitalAppreciationFund
(Oppenheimer Capital Appreciation Fund) | S&P 500 Index (reflects no deduction for fees, expenses or taxes)  
Prospectus: rr_ProspectusTable  
1 Year rr_AverageAnnualReturnYear01 13.69%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 15.45%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 7.67%
(Oppenheimer Capital Appreciation Fund) | S&P 500 Index  (reflects no deduction for fees, expenses or taxes)  
Prospectus: rr_ProspectusTable  
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 20.41% [2]
(Oppenheimer Capital Appreciation Fund) | Russell 1000 Growth Index (reflects no deduction for fees, expenses or taxes)  
Prospectus: rr_ProspectusTable  
1 Year rr_AverageAnnualReturnYear01 13.05%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 15.81%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 8.49%
(Oppenheimer Capital Appreciation Fund) | Russell 1000 Growth Index  (reflects no deduction for fees, expenses or taxes)  
Prospectus: rr_ProspectusTable  
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 20.26% [2]
(Oppenheimer Capital Appreciation Fund) | Class A  
Prospectus: rr_ProspectusTable  
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.59%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.22%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.06%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 677
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 894
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,129
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,801
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 677
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 894
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,129
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,801
Annual Return 2005 rr_AnnualReturn2005 4.70%
Annual Return 2006 rr_AnnualReturn2006 7.51%
Annual Return 2007 rr_AnnualReturn2007 13.76%
Annual Return 2008 rr_AnnualReturn2008 (45.90%)
Annual Return 2009 rr_AnnualReturn2009 43.58%
Annual Return 2010 rr_AnnualReturn2010 9.14%
Annual Return 2011 rr_AnnualReturn2011 (1.57%)
Annual Return 2012 rr_AnnualReturn2012 13.69%
Annual Return 2013 rr_AnnualReturn2013 29.24%
Annual Return 2014 rr_AnnualReturn2014 15.07%
Year to Date Return, Label rr_YearToDateReturnLabel For the period from January 1, 2015 through September 30, 2015 the cumulative return before sales charges and taxes was -4.67%.
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn (4.67%)
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Sep. 30, 2015
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel the highest return for a calendar quarter was 18.94% (2nd Qtr 09)
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.94%
Highest Quarterly Return, Date rr_BarChartHighestQuarterlyReturnDate Jun. 30, 2009
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel the lowest return for a calendar quarter was -28.10% (4th Qtr 08)
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (28.10%)
Lowest Quarterly Return, Date rr_BarChartLowestQuarterlyReturnDate Dec. 31, 2008
Inception Date rr_AverageAnnualReturnInceptionDate Jan. 22, 1981
1 Year rr_AverageAnnualReturnYear01 8.45%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 11.35%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 5.47%
(Oppenheimer Capital Appreciation Fund) | Class A | Return After Taxes on Distributions  
Prospectus: rr_ProspectusTable  
1 Year rr_AverageAnnualReturnYear01 4.34%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 10.24%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 4.89%
(Oppenheimer Capital Appreciation Fund) | Class A | Return After Taxes on Distributions and Sale of Fund Shares  
Prospectus: rr_ProspectusTable  
1 Year rr_AverageAnnualReturnYear01 7.21%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 8.91%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 4.31%
(Oppenheimer Capital Appreciation Fund) | Class B  
Prospectus: rr_ProspectusTable  
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 5.00%
Management Fees rr_ManagementFeesOverAssets 0.59%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.23%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.82%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 687
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 878
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,194
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,768
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 187
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 578
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 994
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,768
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 01, 1995
1 Year rr_AverageAnnualReturnYear01 9.39%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 11.50%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 5.59%
(Oppenheimer Capital Appreciation Fund) | Class C  
Prospectus: rr_ProspectusTable  
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00%
Management Fees rr_ManagementFeesOverAssets 0.59%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.22%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.81%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 286
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 575
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 989
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,146
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 186
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 575
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 989
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,146
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 01, 1993
1 Year rr_AverageAnnualReturnYear01 13.23%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 11.81%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 5.28%
(Oppenheimer Capital Appreciation Fund) | Class R  
Prospectus: rr_ProspectusTable  
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.59%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.22%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.31%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 134
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 418
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 723
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,589
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 134
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 418
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 723
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,589
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2001
1 Year rr_AverageAnnualReturnYear01 13.79%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 12.38%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 5.79%
(Oppenheimer Capital Appreciation Fund) | Class Y  
Prospectus: rr_ProspectusTable  
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.59%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.22%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.81%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 83
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 260
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 451
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,006
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 83
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 260
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 451
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,006
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 03, 1997
1 Year rr_AverageAnnualReturnYear01 15.32%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 13.09%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 6.49%
(Oppenheimer Capital Appreciation Fund) | Class I  
Prospectus: rr_ProspectusTable  
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.59%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.03%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.62%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 64
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 199
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 347
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 777
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 64
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 199
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 347
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 777
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 29, 2011
1 Year rr_AverageAnnualReturnYear01 15.55%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 19.51%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10
[1] Expenses have been restated to reflect current fees.
[2] As of 12/31/11.
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(Oppenheimer Capital Appreciation Fund)

Investment Objective. The Fund seeks capital appreciation.

Fees and Expenses of the Fund. This table describes the fees and expenses that you may pay if you buy and hold or redeem shares of the Fund. You may qualify for sales charge discounts if you (or you and your spouse) invest, or agree to invest in the future, at least $25,000 in certain funds in the Oppenheimer family of funds. More information about these and other discounts is available from your financial professional and in the section "About Your Account" beginning on page 10 of the prospectus and in the sections "How to Buy Shares" beginning on page 46 and "Appendix A" in the Fund's Statement of Additional Information.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees - (Oppenheimer Capital Appreciation Fund)
Class A
Class B
Class C
Class R
Class Y
Class I
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) 5.75% none none none none none
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) none 5.00% 1.00% none none none

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

[1]
Annual Fund Operating Expenses - (Oppenheimer Capital Appreciation Fund)
Class A
Class B
Class C
Class R
Class Y
Class I
Management Fees 0.59% 0.59% 0.59% 0.59% 0.59% 0.59%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% 1.00% 0.50% none none
Other Expenses 0.22% 0.23% 0.22% 0.22% 0.22% 0.03%
Total Annual Fund Operating Expenses 1.06% 1.82% 1.81% 1.31% 0.81% 0.62%

Example. The following Example is intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The Example assumes that you invest $10,000 in a class of shares of the Fund for the time periods indicated. The Example also assumes that your investment has a 5% return each year and that the Fund's operating expenses remain the same. Although your actual costs may be higher or lower, based on these assumptions your expenses would be as follows:

If shares are redeemed

Expense Example - (Oppenheimer Capital Appreciation Fund) - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 677 894 1,129 1,801
Class B 687 878 1,194 1,768
Class C 286 575 989 2,146
Class R 134 418 723 1,589
Class Y 83 260 451 1,006
Class I 64 199 347 777

If shares are not redeemed

Expense Example, No Redemption - (Oppenheimer Capital Appreciation Fund) - USD ($)
1 Year
3 Years
5 Years
10 Years
Class A 677 894 1,129 1,801
Class B 187 578 994 1,768
Class C 186 575 989 2,146
Class R 134 418 723 1,589
Class Y 83 260 451 1,006
Class I 64 199 347 777

Portfolio Turnover. The Fund pays transaction costs, such as commissions, when it buys and sells securities (or "turns over" its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when Fund shares are held in a taxable account. These costs, which are not reflected in the annual fund operating expenses or in the Example, affect the Fund's performance. During the most recent fiscal year, the Fund's portfolio turnover rate was 66% of the average value of its portfolio.

Principal Investment Strategies. The Fund mainly invests in common stocks of "growth companies." Growth companies are companies whose earnings and stock prices are expected to increase at a faster rate than the overall market. These may be newer companies or established companies of any capitalization range that the portfolio manager believes may appreciate in value over the long term. Currently, the Fund primarily focuses on established companies that are similar in size to companies in the S&P 500 Index or the Russell 1000 Growth Index. The Fund primarily invests in securities of U.S. issuers but may also invest in foreign securities. The portfolio manager looks for growth companies with stock prices that he believes are reasonable in relation to overall stock market valuations. In seeking broad diversification of the Fund's portfolio among industries and market sectors, the portfolio manager focuses on a number of factors that may vary in particular cases and over time. Currently, the portfolio manager looks for:

  • companies in business areas that have above-average growth potential

  • companies with growth rates that the portfolio manager believes are sustainable over time

  • stocks with reasonable valuations relative to their growth potential.

The Fund may sell the stocks of companies that the portfolio manager believes no longer meet the above criteria, but is not required to do so.

Principal Risks. The price of the Fund's shares can go up and down substantially. The value of the Fund's investments may change because of broad changes in the markets in which the Fund invests or because of poor investment selection, which could cause the Fund to underperform other funds with similar investment objectives. There is no assurance that the Fund will achieve its investment objective. When you redeem your shares, they may be worth less than what you paid for them. These risks mean that you can lose money by investing in the Fund.

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

The prices of individual stocks generally do not all move in the same direction at the same time. For example, "growth" stocks may perform well under circumstances in which "value" stocks in general have fallen. A variety of factors can affect the price of a particular company's stock. 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 industry, or changes in government regulations affecting the company or its industry. To the extent that securities of a particular type are emphasized, (for example foreign stocks, stocks of small- or mid-cap companies, growth or value stocks, or stocks of companies in a particular industry), fund share values may fluctuate more in response to events affecting the market for those types of securities.

Industry and Sector Focus. At times the Fund may increase the relative emphasis of its investments in a particular industry or sector. The prices of stocks of issuers in a particular industry or sector may go up and down in response to changes in economic conditions, government regulations, availability of basic resources or supplies, or other events that affect that industry or sector more than others. To the extent that the Fund increases the relative emphasis of its investments in a particular industry or sector, its share values may fluctuate in response to events affecting that industry or sector. To some extent that risk may be limited by the Fund's policy of not concentrating its investments in any one industry.

Risks of Growth Investing. If a growth company's earnings or stock price fails to increase as anticipated, or if its business plans do not produce the expected results, its securities may decline sharply. Growth companies may be newer or smaller companies that may experience greater stock price fluctuations and risks of loss than larger, more established companies. Newer growth companies tend to retain a large part of their earnings for research, development or investments in capital assets. Therefore, they may not pay any dividends for some time. Growth investing has gone in and out of favor during past market cycles and is likely to continue to do so. During periods when growth investing is out of favor or when markets are unstable, it may be more difficult to sell growth company securities at an acceptable price. Growth stocks may also be more volatile than other securities because of investor speculation.

Who Is The Fund Designed For? The Fund is designed primarily for investors seeking capital appreciation over the long term. Those investors should be willing to assume the risks of short-term share price fluctuations that are typical for a fund focusing on stocks. Because of its focus on long-term growth, the Fund may be more appropriate for investors with longer term investment goals. The Fund is not designed for investors needing current income. The Fund is not a complete investment program. You should carefully consider your own investment goals and risk tolerance before investing in the Fund.

An investment in the Fund is not a deposit of any bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.

The Fund's Past Performance. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance (for Class A shares) from calendar year to calendar year and by showing how the Fund's average annual returns for the periods of time shown in the table compare with those of a broad measure of market performance. The Fund's past investment performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. More recent performance information is available by calling the toll-free number on the back of this prospectus and on the Fund's website: https://www.oppenheimerfunds.com/fund/CapitalAppreciationFund

Bar Chart

Sales charges and taxes are not included and the returns would be lower if they were. During the period shown, the highest return for a calendar quarter was 18.94% (2nd Qtr 09) and the lowest return for a calendar quarter was -28.10% (4th Qtr 08). For the period from January 1, 2015 through September 30, 2015 the cumulative return before sales charges and taxes was -4.67%.

The following table shows the average annual total returns for each class of the Fund's shares. After-tax returns are calculated using the highest individual federal marginal income tax rates and do not reflect the impact of state or local taxes. Your actual after-tax returns, depending on your individual tax situation, may differ from those shown and after-tax returns shown are not relevant to investors who hold their Fund shares through tax-deferred arrangements, such as 401(k) plans or individual retirement accounts. After-tax returns are shown for only one class and after-tax returns for other classes will vary.

Average Annual Total Returns for the periods ended December 31, 2014

Average Annual Total Returns - (Oppenheimer Capital Appreciation Fund)
Inception Date
1 Year
5 Years (or life of class, if less)
10 Years (or life of class, if less)
Class A Jan. 22, 1981 8.45% 11.35% 5.47%
Class A | Return After Taxes on Distributions   4.34% 10.24% 4.89%
Class A | Return After Taxes on Distributions and Sale of Fund Shares   7.21% 8.91% 4.31%
Class B Nov. 01, 1995 9.39% 11.50% 5.59%
Class C Dec. 01, 1993 13.23% 11.81% 5.28%
Class R Mar. 01, 2001 13.79% 12.38% 5.79%
Class Y Nov. 03, 1997 15.32% 13.09% 6.49%
Class I Dec. 29, 2011 15.55% 19.51%
S&P 500 Index (reflects no deduction for fees, expenses or taxes)   13.69% 15.45% 7.67%
S&P 500 Index  (reflects no deduction for fees, expenses or taxes) [1]     20.41%  
Russell 1000 Growth Index (reflects no deduction for fees, expenses or taxes)   13.05% 15.81% 8.49%
Russell 1000 Growth Index  (reflects no deduction for fees, expenses or taxes) [1]     20.26%  
[1] As of 12/31/11.
[1] Expenses have been restated to reflect current fees.
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