0001133228-13-000665.txt : 20130314 0001133228-13-000665.hdr.sgml : 20130314 20130314144420 ACCESSION NUMBER: 0001133228-13-000665 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130314 DATE AS OF CHANGE: 20130314 EFFECTIVENESS DATE: 20130314 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER SERIES FUND INC CENTRAL INDEX KEY: 0000356865 IRS NUMBER: 061207374 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-03346 FILM NUMBER: 13690163 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: CONNECTICUT MUTUAL INVESTMENT ACCOUNTS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CONNECTICUT MUTUAL LIQUID ACCOUNT INC DATE OF NAME CHANGE: 19851106 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER SERIES FUND INC CENTRAL INDEX KEY: 0000356865 IRS NUMBER: 061207374 STATE OF INCORPORATION: MD FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-75276 FILM NUMBER: 13690164 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: CONNECTICUT MUTUAL INVESTMENT ACCOUNTS INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CONNECTICUT MUTUAL LIQUID ACCOUNT INC DATE OF NAME CHANGE: 19851106 0000356865 S000007309 Oppenheimer Value Fund C000020080 A C000020081 B C000020082 C C000020083 N C000033091 Y C000110989 I 485BPOS 1 e485bpos-ofivaluefund.htm OPPENHEIMER SERIES FUND, INC. e485bpos-ofivaluefund.htm - Generated by SEC Publisher for SEC Filing

 

Registration No. 2-75276

File No. 811-3346

SECURITIES AND EXCHANGE COMMISSION

WASHINGTON, DC  20549

FORM N-1A

 

REGISTRATION STATEMENT UNDER THE SECURITIES ACT OF 1933

x

 

 

Pre-Effective Amendment No.

o

 

 

Post-Effective Amendment No. 57

x

 

 

and/or

 

 

 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

x

 

 

Amendment No. 58

x

 

OPPENHEIMER SERIES FUND, INC.

(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.

Two World Financial Center, 225 Liberty Street 11th Floor, 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)

o

On ____________, pursuant to paragraph (b)

o

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

o

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

o

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

o

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

If appropriate, check the following box:

 

o

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 14th day of March, 2013.

 

 

 

 

OPPENHEIMER SERIES FUND, INC.



 

 

By: 


William F. Glavin, Jr.*

 

 

 

William F. Glavin, Jr., President,
Principal Executive Officer and Director

  

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

 

March 14, 2013

Brian F. Wruble

 

Board of Directors

 

 

 

 

 

 

 

William F. Glavin, Jr.*

 

President, Principal

 

March 14, 2013

William F. Glavin, Jr.

 

Executive Officer and Director

 

 

 

 

 

 

 

Brian W. Wixted*

 

Treasurer, Principal

 

March 14, 2013

Brian W. Wixted

 

Financial & Accounting Officer

 

 

 

 

 

 

 

David K. Downes*

 

Director

 

March 14, 2013

David K. Downes

 

 

 

 

 

 

 

 

 

Matthew P. Fink*

 

Director

 

March 14, 2013

Matthew P. Fink

 

 

 

 

 

 

 

 

 

Phillip A. Griffiths*

 

Director

 

March 14, 2013

Phillip A. Griffiths

 

 

 

 

 

 

 

 

 

Mary F. Miller*

 

Director

 

March 14, 2013

Mary F. Miller

 

 

 

 

 

 

 

 

 

Joel W. Motley*

 

Director

 

March 14, 2013

Joel W. Motley

 

 

 

 

 

 

 

 

 

Mary Ann Tynan*

 

Director

 

March 14, 2013

Mary Ann Tynan

 

 

 

 

 

 

 

 

 

Joseph M. Wikler*

 

Director

 

March 14, 2013

Joseph M. Wikler

 

 

 

 

 

 

 

 

 

Peter I. Wold*

 

Director

 

March 14, 2013

Peter I. Wold

 

 

 

 

 

 

 

 

*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

 

EX-101.INS 2 ofivaluefund-20130228.xml XBRL INSTANCE DOCUMENT 0000356865 2013-02-28 2013-02-28 0000356865 oppenheimer:S000007309Member oppenheimer:AAAAMember 2013-02-28 2013-02-28 0000356865 oppenheimer:S000007309Member oppenheimer:C000020080Member oppenheimer:AAAAMember 2013-02-28 2013-02-28 0000356865 oppenheimer:S000007309Member oppenheimer:C000020081Member oppenheimer:AAAAMember 2013-02-28 2013-02-28 0000356865 oppenheimer:S000007309Member oppenheimer:C000020082Member oppenheimer:AAAAMember 2013-02-28 2013-02-28 0000356865 oppenheimer:S000007309Member oppenheimer:C000020083Member oppenheimer:AAAAMember 2013-02-28 2013-02-28 0000356865 oppenheimer:S000007309Member oppenheimer:C000033091Member oppenheimer:AAAAMember 2013-02-28 2013-02-28 0000356865 oppenheimer:S000007309Member oppenheimer:C000110989Member oppenheimer:AAAAMember 2013-02-28 2013-02-28 0000356865 oppenheimer:S000007309Member oppenheimer:C000020080Member rr:AfterTaxesOnDistributionsMember oppenheimer:AAAAMember 2013-02-28 2013-02-28 0000356865 oppenheimer:S000007309Member oppenheimer:C000020080Member rr:AfterTaxesOnDistributionsAndSalesMember oppenheimer:AAAAMember 2013-02-28 2013-02-28 0000356865 oppenheimer:S000007309Member oppenheimer:SandP500IndexAAAAMember oppenheimer:AAAAMember 2013-02-28 2013-02-28 0000356865 oppenheimer:S000007309Member oppenheimer:Russ1kValIndexAAAAMember oppenheimer:AAAAMember 2013-02-28 2013-02-28 xbrli:pure iso4217:USD xbrli:shares iso4217:USD xbrli:shares 485BPOS 2012-10-31 OPPENHEIMER SERIES FUND INC 0000356865 false 2013-02-28 2013-02-27 2013-02-28 <div style="display: none">~ http://xbrl.sec.gov/rr/role/RiskReturnDetailData column period compact * row dei_DocumentInformationDocumentAxis compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * row rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b> Investment Objective.</b> The Fund seeks long-term growth of capital by investing primarily in common stocks with low price-earnings ratios and better-than-anticipated earnings. Realization of current income is a secondary consideration.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Fees and Expenses of the Fund.</b> 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 11 of the prospectus and in the sections "How to Buy Shares" beginning on page 59 and "Appendix A" in the Fund's Statement of Additional Information.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Shareholder Fees (fees paid directly from your investment) </b></p> <p style="font-size:12;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:12;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:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b> If shares are redeemed </b></p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b> If shares are not redeemed </b></p> <p style="font-size:12;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 72% of the average value of its portfolio.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Principal Investment Strategies.</b> The Fund mainly invests in common stocks of companies that the portfolio manager believes are undervalued. The Fund may also invest in other equity securities, such as preferred stock, rights, warrants and securities convertible into common stock. The Fund may buy securities issued by companies of any size or market capitalization range and at times might increase its emphasis on securities of issuers in a particular capitalization range. While the Fund does not limit its investments to issuers in a particular capitalization range, the portfolio manager currently focuses on securities of larger-size companies. </p><p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The Fund may invest up to 25% of its total assets in foreign securities of companies or governments in any country, including in developed and emerging market countries. The Fund may invest up to 10% of its net assets in debt securities. </p><p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> In selecting investments for the Fund's portfolio, the portfolio manager looks for companies he believes have been undervalued by the market. A security may be undervalued because the market is not aware of the issuer's intrinsic value, does not yet recognize its future potential, or the issuer may be temporarily out of favor. The Fund seeks to realize gains in the prices of those securities when other investors recognize their real or prospective worth. The portfolio manager uses a "bottom up" approach to select securities one at a time before considering industry trends. The portfolio manager uses fundamental analysis to select securities based on factors such as a company's long-term earnings and growth potential. The portfolio manager currently focuses on companies with the following characteristics, which may vary in particular cases and may change over time:</p> <ul><li> <p style="font-size:12;padding-top:0;padding-bottom:0;padding-left:0;">Attractive valuation,</p> </li><li> <p style="font-size:12;padding-top:0;padding-bottom:0;padding-left:0;">Future supply/demand conditions for its key products,</p> </li><li> <p style="font-size:12;padding-top:0;padding-bottom:0;padding-left:0;">Product cycles,</p> </li><li> <p style="font-size:12;padding-top:0;padding-bottom:0;padding-left:0;">Quality of management,</p> </li><li> <p style="font-size:12;padding-top:0;padding-bottom:0;padding-left:0;">Competitive position in the market place,</p> </li><li> <p style="font-size:12;padding-top:0;padding-bottom:0;padding-left:0;">Reinvestment plans for cash generated, and</p> </li><li> <p style="font-size:12;padding-top:0;padding-bottom:0;padding-left:0;">Better-than-expected earnings reports.</p> </li></ul> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;">The portfolio manager also monitors individual issuers for changes in their business fundamentals or prospects that may trigger a decision to sell a security, but does not require a decision to do so. The portfolio manager may consider selling a stock for one or more of the following reasons:</p> <ul><li> <p style="font-size:12;padding-top:0;padding-bottom:0;padding-left:0;">the stock price is approaching its price target,</p> </li><li> <p style="font-size:12;padding-top:0;padding-bottom:0;padding-left:0;">the company's fundamentals are deteriorating, or</p> </li><li> <p style="font-size:12;padding-top:0;padding-bottom:0;padding-left:0;">alternative investment ideas have been developed.</p> </li></ul> <p style="font-size:12;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 more or 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:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Main Risks of Investing in Stock.</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. 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:12;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 and 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.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> At times, the Fund may emphasize investments in a particular industry or economic or market sector. To the extent that the Fund increases its emphasis on investments in a particular industry or sector, the value of its investments may fluctuate more in response to events affecting that industry or sector, such as changes in economic conditions, government regulations, availability of basic resources or supplies, or other events that affect that industry or sector more than others. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Main Risks of Small- and Mid-Sized Companies.</b> The stock prices of small- and mid-sized companies may be more volatile and their securities may be more difficult to sell than those of larger companies. They may not have established markets, may have fewer customers and product lines, may have unseasoned management or less management depth and may have more limited access to financial resources. Smaller companies may not pay dividends or provide capital gains for some time, if at all.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Main Risks of Value Investing.</b> Value investing entails the risk that if the market does not recognize that the Fund's securities are undervalued, the prices of those securities might not appreciate as anticipated. A value approach could also result in fewer investments that increase rapidly during times of market gains and could cause the Fund to underperform funds that use a growth or non-value approach to investing. Value investing has gone in and out of favor during past market cycles and when value investing is out of favor or when markets are unstable, the securities of "value" companies may underperform the securities of "growth" companies.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Main Risks of Foreign Investing.</b> Foreign securities are subject to special risks. Foreign issuers are usually not subject to the same accounting and disclosure requirements that U.S. companies are subject to, which may make it difficult for the Fund to evaluate a foreign company's operations or financial condition. A change in the value of a foreign currency against the U.S. dollar will result in a change in the U.S. dollar value of securities denominated in that foreign currency and in the value of any income or distributions the Fund may receive on those securities. The value of foreign investments may be affected by exchange control regulations, foreign taxes, higher transaction and other costs, delays in the settlement of transactions, changes in economic or monetary policy in the United States or abroad, expropriation or nationalization of a company's assets, or other political and economic factors. These risks may be greater for investments in developing or emerging market countries.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b> <i>Time-Zone Arbitrage.</i> </b> The Fund may invest in securities of foreign issuers that are traded in U.S. or foreign markets. If the Fund invests a significant amount of its assets in foreign markets, it may be exposed to "time-zone arbitrage" attempts by investors seeking to take advantage of differences in the values of foreign securities that might result from events that occur after the close of the foreign securities market on which a security is traded and before the Fund's net asset value is calculated. If such time-zone arbitrage were successful, it might dilute the interests of other shareholders. The Fund's use of "fair value pricing" to adjust certain market prices of foreign securities may help deter those activities.</p> <p style="font-size:12;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 and losses that are typical for a fund emphasizing investments in stocks. Since the Fund's income level will fluctuate and will likely be small, it 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:12;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:12;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 year to year and by showing how the Fund's average annual returns for 1, 5 and 10 years 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: <u>https://www.oppenheimerfunds.com/fund/ValueFund</u> </p> <p style="font-size:12;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 19.46% (2nd Qtr 09) and the lowest return was -26.61% (4th Qtr 08). For the period from January 1, 2012 through December 31, 2012 the cumulative return before sales charges and taxes was 13.51%.</p> <p style="font-size:12;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:12;padding-top:2;padding-bottom:0;padding-left:0;"> Performance information for Class I shares will be provided after those shares have one full calendar year of performance. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Average Annual Total Returns for the periods ended December 31, 2012</b></p> <div style="display:none">~http://oppenheimer/role/ShareholderFeesDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000007309Member ~</div> 0.0575 0 0 0.05 0 0.01 0 0.01 0 0 0 0 <div style="display:none">~ http://oppenheimer/role/OperatingExpensesDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000007309Member ~</div> 0.0048 0.0025 0.003 0.0103 0 0.0103 0.0048 0.01 0.0067 0.0215 -0.0026 0.0189 0.0048 0.0099 0.0032 0.0179 0 0.0179 0.0048 0.0049 0.0034 0.0131 0 0.0131 0.0048 0 0.0011 0.0059 0 0.0059 0.0048 0 0.0003 0.0051 0 0.0051 <div style="display:none">~ http://oppenheimer/role/ExpenseExampleAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000007309Member ~</div> 675 694 283 234 52 886 955 568 418 164 1114 1342 978 723 330 286 1768 1928 2124 1589 740 642 <div style="display:none">~ http://oppenheimer/role/ExpenseExampleNoRedemptionAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000007309Member ~</div> 675 194 183 134 60 52 886 655 568 418 190 164 1114 1142 978 723 330 286 1768 1928 1589 740 642 <div style="display:none">~ http://oppenheimer/role/BarChartDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000007309Member ~</div> 0.3222 0.1525 0.0645 0.1579 0.0632 -0.4169 0.3365 0.147 -0.0476 0.1351 <div style="display:none">~ http://oppenheimer/role/PerformanceTableDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000007309Member ~</div> 0.0698 0.0647 0.0453 0.075 0.1167 0.1224 0.1397 0.16 0.1751 -0.0185 -0.0205 -0.016 -0.0192 -0.0143 -0.0095 -0.0028 0.0166 0.0059 0.0616 0.0565 0.0527 0.0624 0.0597 0.0647 0.0724 0.071 0.0738 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. 25000 0.72 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 more or 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. For the period from January 1, 2012 through December 31, 2012 the cumulative return before sales charges and taxes was 13.51%. 0.1351 2012-12-31 highest return for a calendar quarter was 19.46% (2nd Qtr 09) 0.1946 lowest return was -26.61% (4th Qtr 08) -0.2661 https://www.oppenheimerfunds.com/fund/ValueFund 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. 1985-09-16 1995-10-02 1996-05-01 2001-03-01 1996-12-16 60 190 2124 The Fund's transfer agent has voluntarily agreed to limit its fees for Classes B, C, N and Y to 0.35% of average annual net assets per class per fiscal year, and to 0.30% of average annual net assets per fiscal year for Class A. These limitations may not be amended or withdrawn until one year after the date of this prospectus. 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Block] Strategy Section: Strategy [Heading] Strategy Narrative [Text Block] Strategy Portfolio Concentration [Text] Bar Chart and Performance Table [Heading] Performance Narrative [Text Block] Performance Past Does Not Indicate Future [Text] Performance Information Illustrates Variability of Returns [Text] Performance One Year or Less [Text] Performance Additional Market Index [Text] Bar Chart [Heading] Bar Chart Narrative [Text Block] Bar Chart Does Not Reflect Sales Loads [Text] Bar Chart, Returns for Class Not Offered in Prospectus [Text] Bar Chart, Reason Selected Class Different from Immediately Preceding Period [Text] Annual Return Caption [Text] Caption Annual Return, Column [Text] Column Annual Return, Inception Date Inception Date Annual Return 1990 Annual Return 1991 Annual Return 1992 Annual Return 1993 Annual Return 1994 Annual Return 1995 Annual 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 10 Years Since Inception Inception Date DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsLabel DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsYear01 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsYear05 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsYear10 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsSinceInception DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsInceptionDate DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesLabel DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesYear01 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesYear05 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesYear10 DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesSinceInception DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesInceptionDate 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 DEPRECATED Market Index Return, Label DEPRECATED 1 Year DEPRECATED 5 Years DEPRECATED 10 Years DEPRECATED Market Index Return, Since inception DEPRECATED Market Index Return, Inception Date 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 Fee Waiver and/or Expense Reimbursement Fee Waiver and/or Expense Reimbursement Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 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: DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAbstract DEPRECATED AverageAnnualReturnAfterTaxesOnDistributionsAndSalesAbstract 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] S000007309 Member (Oppenheimer Value Fund) AAAA Member C000020080 Member Class A C000020081 Member Class B C000020082 Member Class C C000110989 Member Class I C000020083 Member Class N C000033091 Member Class Y SandP500IndexAAAA Member S&P 500 Index Russ1kValIndexAAAA 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Expense Example, No Redemption (dei_DocumentInformationDocumentAxis, (Oppenheimer Value Fund), USD $)
0 Months Ended
Feb. 28, 2013
Class A
 
Expense Example, No Redemption:  
Expense Example, No Redemption, 1 Year $ 675
Expense Example, No Redemption, 3 Years 886
Expense Example, No Redemption, 5 Years 1,114
Expense Example, No Redemption, 10 Years 1,768
Class B
 
Expense Example, No Redemption:  
Expense Example, No Redemption, 1 Year 194
Expense Example, No Redemption, 3 Years 655
Expense Example, No Redemption, 5 Years 1,142
Expense Example, No Redemption, 10 Years 1,928
Class C
 
Expense Example, No Redemption:  
Expense Example, No Redemption, 1 Year 183
Expense Example, No Redemption, 3 Years 568
Expense Example, No Redemption, 5 Years 978
Expense Example, No Redemption, 10 Years 2,124
Class I
 
Expense Example, No Redemption:  
Expense Example, No Redemption, 1 Year 52
Expense Example, No Redemption, 3 Years 164
Expense Example, No Redemption, 5 Years 286
Expense Example, No Redemption, 10 Years 642
Class N
 
Expense Example, No Redemption:  
Expense Example, No Redemption, 1 Year 134
Expense Example, No Redemption, 3 Years 418
Expense Example, No Redemption, 5 Years 723
Expense Example, No Redemption, 10 Years 1,589
Class Y
 
Expense Example, No Redemption:  
Expense Example, No Redemption, 1 Year 60
Expense Example, No Redemption, 3 Years 190
Expense Example, No Redemption, 5 Years 330
Expense Example, No Redemption, 10 Years $ 740
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(Oppenheimer Value Fund)

Investment Objective. The Fund seeks long-term growth of capital by investing primarily in common stocks with low price-earnings ratios and better-than-anticipated earnings. Realization of current income is a secondary consideration.

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 11 of the prospectus and in the sections "How to Buy Shares" beginning on page 59 and "Appendix A" in the Fund's Statement of Additional Information.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees (Oppenheimer Value Fund)
Class A
Class B
Class C
Class N
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% 1.00% none none

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

Annual Fund Operating Expenses (Oppenheimer Value Fund)
Class A
Class B
Class C
Class N
Class Y
Class I
Management Fees 0.48% 0.48% 0.48% 0.48% 0.48% 0.48%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% 0.99% 0.49% none none
Other Expenses 0.30% 0.67% 0.32% 0.34% 0.11% 0.03%
Total Annual Fund Operating Expenses 1.03% 2.15% 1.79% 1.31% 0.59% 0.51%
Fee Waiver and/or Expense Reimbursement [1] none (0.26%) none none none none
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.03% 1.89% 1.79% 1.31% 0.59% 0.51%
[1] The Fund's transfer agent has voluntarily agreed to limit its fees for Classes B, C, N and Y to 0.35% of average annual net assets per class per fiscal year, and to 0.30% of average annual net assets per fiscal year for Class A. These limitations may not be amended or withdrawn until one year after the date of this prospectus.

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 Value Fund) (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
675 886 1,114 1,768
Class B
694 955 1,342 1,928
Class C
283 568 978 2,124
Class N
234 418 723 1,589
Class Y
60 190 330 740
Class I
52 164 286 642

If shares are not redeemed

Expense Example, No Redemption (Oppenheimer Value Fund) (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
675 886 1,114 1,768
Class B
194 655 1,142 1,928
Class C
183 568 978 2,124
Class N
134 418 723 1,589
Class Y
60 190 330 740
Class I
52 164 286 642

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 72% of the average value of its portfolio.

Principal Investment Strategies. The Fund mainly invests in common stocks of companies that the portfolio manager believes are undervalued. The Fund may also invest in other equity securities, such as preferred stock, rights, warrants and securities convertible into common stock. The Fund may buy securities issued by companies of any size or market capitalization range and at times might increase its emphasis on securities of issuers in a particular capitalization range. While the Fund does not limit its investments to issuers in a particular capitalization range, the portfolio manager currently focuses on securities of larger-size companies.

The Fund may invest up to 25% of its total assets in foreign securities of companies or governments in any country, including in developed and emerging market countries. The Fund may invest up to 10% of its net assets in debt securities.

In selecting investments for the Fund's portfolio, the portfolio manager looks for companies he believes have been undervalued by the market. A security may be undervalued because the market is not aware of the issuer's intrinsic value, does not yet recognize its future potential, or the issuer may be temporarily out of favor. The Fund seeks to realize gains in the prices of those securities when other investors recognize their real or prospective worth. The portfolio manager uses a "bottom up" approach to select securities one at a time before considering industry trends. The portfolio manager uses fundamental analysis to select securities based on factors such as a company's long-term earnings and growth potential. The portfolio manager currently focuses on companies with the following characteristics, which may vary in particular cases and may change over time:

  • Attractive valuation,

  • Future supply/demand conditions for its key products,

  • Product cycles,

  • Quality of management,

  • Competitive position in the market place,

  • Reinvestment plans for cash generated, and

  • Better-than-expected earnings reports.

The portfolio manager also monitors individual issuers for changes in their business fundamentals or prospects that may trigger a decision to sell a security, but does not require a decision to do so. The portfolio manager may consider selling a stock for one or more of the following reasons:

  • the stock price is approaching its price target,

  • the company's fundamentals are deteriorating, or

  • alternative investment ideas have been developed.

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 more or less than what you paid for them. These risks mean that you can lose money by investing in the Fund.

Main Risks of Investing in Stock. 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. 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 and 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.

At times, the Fund may emphasize investments in a particular industry or economic or market sector. To the extent that the Fund increases its emphasis on investments in a particular industry or sector, the value of its investments may fluctuate more in response to events affecting that industry or sector, such as changes in economic conditions, government regulations, availability of basic resources or supplies, or other events that affect that industry or sector more than others.

Main Risks of Small- and Mid-Sized Companies. The stock prices of small- and mid-sized companies may be more volatile and their securities may be more difficult to sell than those of larger companies. They may not have established markets, may have fewer customers and product lines, may have unseasoned management or less management depth and may have more limited access to financial resources. Smaller companies may not pay dividends or provide capital gains for some time, if at all.

Main Risks of Value Investing. Value investing entails the risk that if the market does not recognize that the Fund's securities are undervalued, the prices of those securities might not appreciate as anticipated. A value approach could also result in fewer investments that increase rapidly during times of market gains and could cause the Fund to underperform funds that use a growth or non-value approach to investing. Value investing has gone in and out of favor during past market cycles and when value investing is out of favor or when markets are unstable, the securities of "value" companies may underperform the securities of "growth" companies.

Main Risks of Foreign Investing. Foreign securities are subject to special risks. Foreign issuers are usually not subject to the same accounting and disclosure requirements that U.S. companies are subject to, which may make it difficult for the Fund to evaluate a foreign company's operations or financial condition. A change in the value of a foreign currency against the U.S. dollar will result in a change in the U.S. dollar value of securities denominated in that foreign currency and in the value of any income or distributions the Fund may receive on those securities. The value of foreign investments may be affected by exchange control regulations, foreign taxes, higher transaction and other costs, delays in the settlement of transactions, changes in economic or monetary policy in the United States or abroad, expropriation or nationalization of a company's assets, or other political and economic factors. These risks may be greater for investments in developing or emerging market countries.

Time-Zone Arbitrage. The Fund may invest in securities of foreign issuers that are traded in U.S. or foreign markets. If the Fund invests a significant amount of its assets in foreign markets, it may be exposed to "time-zone arbitrage" attempts by investors seeking to take advantage of differences in the values of foreign securities that might result from events that occur after the close of the foreign securities market on which a security is traded and before the Fund's net asset value is calculated. If such time-zone arbitrage were successful, it might dilute the interests of other shareholders. The Fund's use of "fair value pricing" to adjust certain market prices of foreign securities may help deter those activities.

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 and losses that are typical for a fund emphasizing investments in stocks. Since the Fund's income level will fluctuate and will likely be small, it 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 year to year and by showing how the Fund's average annual returns for 1, 5 and 10 years 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/ValueFund

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 19.46% (2nd Qtr 09) and the lowest return was -26.61% (4th Qtr 08). For the period from January 1, 2012 through December 31, 2012 the cumulative return before sales charges and taxes was 13.51%.

Average Annual Total Returns for the periods ended December 31, 2012

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 information for Class I shares will be provided after those shares have one full calendar year of performance.

Average Annual Total Returns (Oppenheimer Value Fund)
Inception Date
1 Year
5 Years
10 Years
Class A
Sep. 16, 1985 6.98% (1.85%) 6.16%
Class A Return After Taxes on Distributions
  6.47% (2.05%) 5.65%
Class A Return After Taxes on Distributions and Sale of Fund Shares
  4.53% (1.60%) 5.27%
Class B
Oct. 02, 1995 7.50% (1.92%) 6.24%
Class C
May 01, 1996 11.67% (1.43%) 5.97%
Class N
Mar. 01, 2001 12.24% (0.95%) 6.47%
Class Y
Dec. 16, 1996 13.97% (0.28%) 7.24%
S&P 500 Index
  16.00% 1.66% 7.10%
Russell 1000 Value Index
  17.51% 0.59% 7.38%

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Expense Example (dei_DocumentInformationDocumentAxis, (Oppenheimer Value Fund), USD $)
0 Months Ended
Feb. 28, 2013
Class A
 
Expense Example:  
Expense Example, with Redemption, 1 Year $ 675
Expense Example, with Redemption, 3 Years 886
Expense Example, with Redemption, 5 Years 1,114
Expense Example, with Redemption, 10 Years 1,768
Class B
 
Expense Example:  
Expense Example, with Redemption, 1 Year 694
Expense Example, with Redemption, 3 Years 955
Expense Example, with Redemption, 5 Years 1,342
Expense Example, with Redemption, 10 Years 1,928
Class C
 
Expense Example:  
Expense Example, with Redemption, 1 Year 283
Expense Example, with Redemption, 3 Years 568
Expense Example, with Redemption, 5 Years 978
Expense Example, with Redemption, 10 Years 2,124
Class I
 
Expense Example:  
Expense Example, with Redemption, 1 Year 52
Expense Example, with Redemption, 3 Years 164
Expense Example, with Redemption, 5 Years 286
Expense Example, with Redemption, 10 Years 642
Class N
 
Expense Example:  
Expense Example, with Redemption, 1 Year 234
Expense Example, with Redemption, 3 Years 418
Expense Example, with Redemption, 5 Years 723
Expense Example, with Redemption, 10 Years 1,589
Class Y
 
Expense Example:  
Expense Example, with Redemption, 1 Year 60
Expense Example, with Redemption, 3 Years 190
Expense Example, with Redemption, 5 Years 330
Expense Example, with Redemption, 10 Years $ 740
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Shareholder Fees (dei_DocumentInformationDocumentAxis, (Oppenheimer Value Fund))
0 Months Ended
Feb. 28, 2013
Class A
 
Shareholder Fees:  
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) 5.75%
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) none
Class B
 
Shareholder Fees:  
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) none
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) 5.00%
Class C
 
Shareholder Fees:  
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) none
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) 1.00%
Class I
 
Shareholder Fees:  
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) none
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) none
Class N
 
Shareholder Fees:  
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) none
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) 1.00%
Class Y
 
Shareholder Fees:  
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) none
Maximum Deferred Sales Charge (Load) (as % of the lower of original offering price or redemption proceeds) none
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(Oppenheimer Value Fund)

Investment Objective. The Fund seeks long-term growth of capital by investing primarily in common stocks with low price-earnings ratios and better-than-anticipated earnings. Realization of current income is a secondary consideration.

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 11 of the prospectus and in the sections "How to Buy Shares" beginning on page 59 and "Appendix A" in the Fund's Statement of Additional Information.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees (Oppenheimer Value Fund)
Class A
Class B
Class C
Class N
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% 1.00% none none

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

Annual Fund Operating Expenses (Oppenheimer Value Fund)
Class A
Class B
Class C
Class N
Class Y
Class I
Management Fees 0.48% 0.48% 0.48% 0.48% 0.48% 0.48%
Distribution and/or Service (12b-1) Fees 0.25% 1.00% 0.99% 0.49% none none
Other Expenses 0.30% 0.67% 0.32% 0.34% 0.11% 0.03%
Total Annual Fund Operating Expenses 1.03% 2.15% 1.79% 1.31% 0.59% 0.51%
Fee Waiver and/or Expense Reimbursement [1] none (0.26%) none none none none
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.03% 1.89% 1.79% 1.31% 0.59% 0.51%
[1] The Fund's transfer agent has voluntarily agreed to limit its fees for Classes B, C, N and Y to 0.35% of average annual net assets per class per fiscal year, and to 0.30% of average annual net assets per fiscal year for Class A. These limitations may not be amended or withdrawn until one year after the date of this prospectus.

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 Value Fund) (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
675 886 1,114 1,768
Class B
694 955 1,342 1,928
Class C
283 568 978 2,124
Class N
234 418 723 1,589
Class Y
60 190 330 740
Class I
52 164 286 642

If shares are not redeemed

Expense Example, No Redemption (Oppenheimer Value Fund) (USD $)
1 Year
3 Years
5 Years
10 Years
Class A
675 886 1,114 1,768
Class B
194 655 1,142 1,928
Class C
183 568 978 2,124
Class N
134 418 723 1,589
Class Y
60 190 330 740
Class I
52 164 286 642

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 72% of the average value of its portfolio.

Principal Investment Strategies. The Fund mainly invests in common stocks of companies that the portfolio manager believes are undervalued. The Fund may also invest in other equity securities, such as preferred stock, rights, warrants and securities convertible into common stock. The Fund may buy securities issued by companies of any size or market capitalization range and at times might increase its emphasis on securities of issuers in a particular capitalization range. While the Fund does not limit its investments to issuers in a particular capitalization range, the portfolio manager currently focuses on securities of larger-size companies.

The Fund may invest up to 25% of its total assets in foreign securities of companies or governments in any country, including in developed and emerging market countries. The Fund may invest up to 10% of its net assets in debt securities.

In selecting investments for the Fund's portfolio, the portfolio manager looks for companies he believes have been undervalued by the market. A security may be undervalued because the market is not aware of the issuer's intrinsic value, does not yet recognize its future potential, or the issuer may be temporarily out of favor. The Fund seeks to realize gains in the prices of those securities when other investors recognize their real or prospective worth. The portfolio manager uses a "bottom up" approach to select securities one at a time before considering industry trends. The portfolio manager uses fundamental analysis to select securities based on factors such as a company's long-term earnings and growth potential. The portfolio manager currently focuses on companies with the following characteristics, which may vary in particular cases and may change over time:

  • Attractive valuation,

  • Future supply/demand conditions for its key products,

  • Product cycles,

  • Quality of management,

  • Competitive position in the market place,

  • Reinvestment plans for cash generated, and

  • Better-than-expected earnings reports.

The portfolio manager also monitors individual issuers for changes in their business fundamentals or prospects that may trigger a decision to sell a security, but does not require a decision to do so. The portfolio manager may consider selling a stock for one or more of the following reasons:

  • the stock price is approaching its price target,

  • the company's fundamentals are deteriorating, or

  • alternative investment ideas have been developed.

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 more or less than what you paid for them. These risks mean that you can lose money by investing in the Fund.

Main Risks of Investing in Stock. 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. 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 and 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.

At times, the Fund may emphasize investments in a particular industry or economic or market sector. To the extent that the Fund increases its emphasis on investments in a particular industry or sector, the value of its investments may fluctuate more in response to events affecting that industry or sector, such as changes in economic conditions, government regulations, availability of basic resources or supplies, or other events that affect that industry or sector more than others.

Main Risks of Small- and Mid-Sized Companies. The stock prices of small- and mid-sized companies may be more volatile and their securities may be more difficult to sell than those of larger companies. They may not have established markets, may have fewer customers and product lines, may have unseasoned management or less management depth and may have more limited access to financial resources. Smaller companies may not pay dividends or provide capital gains for some time, if at all.

Main Risks of Value Investing. Value investing entails the risk that if the market does not recognize that the Fund's securities are undervalued, the prices of those securities might not appreciate as anticipated. A value approach could also result in fewer investments that increase rapidly during times of market gains and could cause the Fund to underperform funds that use a growth or non-value approach to investing. Value investing has gone in and out of favor during past market cycles and when value investing is out of favor or when markets are unstable, the securities of "value" companies may underperform the securities of "growth" companies.

Main Risks of Foreign Investing. Foreign securities are subject to special risks. Foreign issuers are usually not subject to the same accounting and disclosure requirements that U.S. companies are subject to, which may make it difficult for the Fund to evaluate a foreign company's operations or financial condition. A change in the value of a foreign currency against the U.S. dollar will result in a change in the U.S. dollar value of securities denominated in that foreign currency and in the value of any income or distributions the Fund may receive on those securities. The value of foreign investments may be affected by exchange control regulations, foreign taxes, higher transaction and other costs, delays in the settlement of transactions, changes in economic or monetary policy in the United States or abroad, expropriation or nationalization of a company's assets, or other political and economic factors. These risks may be greater for investments in developing or emerging market countries.

Time-Zone Arbitrage. The Fund may invest in securities of foreign issuers that are traded in U.S. or foreign markets. If the Fund invests a significant amount of its assets in foreign markets, it may be exposed to "time-zone arbitrage" attempts by investors seeking to take advantage of differences in the values of foreign securities that might result from events that occur after the close of the foreign securities market on which a security is traded and before the Fund's net asset value is calculated. If such time-zone arbitrage were successful, it might dilute the interests of other shareholders. The Fund's use of "fair value pricing" to adjust certain market prices of foreign securities may help deter those activities.

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 and losses that are typical for a fund emphasizing investments in stocks. Since the Fund's income level will fluctuate and will likely be small, it 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 year to year and by showing how the Fund's average annual returns for 1, 5 and 10 years 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/ValueFund

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 19.46% (2nd Qtr 09) and the lowest return was -26.61% (4th Qtr 08). For the period from January 1, 2012 through December 31, 2012 the cumulative return before sales charges and taxes was 13.51%.

Average Annual Total Returns for the periods ended December 31, 2012

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 information for Class I shares will be provided after those shares have one full calendar year of performance.

Average Annual Total Returns (Oppenheimer Value Fund)
Inception Date
1 Year
5 Years
10 Years
Class A
Sep. 16, 1985 6.98% (1.85%) 6.16%
Class A Return After Taxes on Distributions
  6.47% (2.05%) 5.65%
Class A Return After Taxes on Distributions and Sale of Fund Shares
  4.53% (1.60%) 5.27%
Class B
Oct. 02, 1995 7.50% (1.92%) 6.24%
Class C
May 01, 1996 11.67% (1.43%) 5.97%
Class N
Mar. 01, 2001 12.24% (0.95%) 6.47%
Class Y
Dec. 16, 1996 13.97% (0.28%) 7.24%
S&P 500 Index
  16.00% 1.66% 7.10%
Russell 1000 Value Index
  17.51% 0.59% 7.38%
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Annual Total Returns (dei_DocumentInformationDocumentAxis, (Oppenheimer Value Fund), Class A)
0 Months Ended
Feb. 28, 2013
(Oppenheimer Value Fund) | Class A
 
Bar Chart Table:  
Annual Return 2003 32.22%
Annual Return 2004 15.25%
Annual Return 2005 6.45%
Annual Return 2006 15.79%
Annual Return 2007 6.32%
Annual Return 2008 (41.69%)
Annual Return 2009 33.65%
Annual Return 2010 14.70%
Annual Return 2011 (4.76%)
Annual Return 2012 13.51%
XML 18 R15.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
Document Period End Date dei_DocumentPeriodEndDate Oct. 31, 2012
Registrant Name dei_EntityRegistrantName OPPENHEIMER SERIES FUND INC
Central Index Key dei_EntityCentralIndexKey 0000356865
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Feb. 27, 2013
Document Effective Date dei_DocumentEffectiveDate Feb. 28, 2013
Prospectus Date rr_ProspectusDate Feb. 28, 2013
(Oppenheimer Value Fund)
 
Risk/Return: rr_RiskReturnAbstract  
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

Investment Objective. The Fund seeks long-term growth of capital by investing primarily in common stocks with low price-earnings ratios and better-than-anticipated earnings. Realization of current income is a secondary consideration.

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 11 of the prospectus and in the sections "How to Buy Shares" beginning on page 59 and "Appendix A" in the Fund's Statement of Additional Information.

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)

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 72% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 72.00%
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
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

Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock

Principal Investment Strategies. The Fund mainly invests in common stocks of companies that the portfolio manager believes are undervalued. The Fund may also invest in other equity securities, such as preferred stock, rights, warrants and securities convertible into common stock. The Fund may buy securities issued by companies of any size or market capitalization range and at times might increase its emphasis on securities of issuers in a particular capitalization range. While the Fund does not limit its investments to issuers in a particular capitalization range, the portfolio manager currently focuses on securities of larger-size companies.

The Fund may invest up to 25% of its total assets in foreign securities of companies or governments in any country, including in developed and emerging market countries. The Fund may invest up to 10% of its net assets in debt securities.

In selecting investments for the Fund's portfolio, the portfolio manager looks for companies he believes have been undervalued by the market. A security may be undervalued because the market is not aware of the issuer's intrinsic value, does not yet recognize its future potential, or the issuer may be temporarily out of favor. The Fund seeks to realize gains in the prices of those securities when other investors recognize their real or prospective worth. The portfolio manager uses a "bottom up" approach to select securities one at a time before considering industry trends. The portfolio manager uses fundamental analysis to select securities based on factors such as a company's long-term earnings and growth potential. The portfolio manager currently focuses on companies with the following characteristics, which may vary in particular cases and may change over time:

  • Attractive valuation,

  • Future supply/demand conditions for its key products,

  • Product cycles,

  • Quality of management,

  • Competitive position in the market place,

  • Reinvestment plans for cash generated, and

  • Better-than-expected earnings reports.

The portfolio manager also monitors individual issuers for changes in their business fundamentals or prospects that may trigger a decision to sell a security, but does not require a decision to do so. The portfolio manager may consider selling a stock for one or more of the following reasons:

  • the stock price is approaching its price target,

  • the company's fundamentals are deteriorating, or

  • alternative investment ideas have been developed.

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 more or less than what you paid for them. These risks mean that you can lose money by investing in the Fund.

Main Risks of Investing in Stock. 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. 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 and 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.

At times, the Fund may emphasize investments in a particular industry or economic or market sector. To the extent that the Fund increases its emphasis on investments in a particular industry or sector, the value of its investments may fluctuate more in response to events affecting that industry or sector, such as changes in economic conditions, government regulations, availability of basic resources or supplies, or other events that affect that industry or sector more than others.

Main Risks of Small- and Mid-Sized Companies. The stock prices of small- and mid-sized companies may be more volatile and their securities may be more difficult to sell than those of larger companies. They may not have established markets, may have fewer customers and product lines, may have unseasoned management or less management depth and may have more limited access to financial resources. Smaller companies may not pay dividends or provide capital gains for some time, if at all.

Main Risks of Value Investing. Value investing entails the risk that if the market does not recognize that the Fund's securities are undervalued, the prices of those securities might not appreciate as anticipated. A value approach could also result in fewer investments that increase rapidly during times of market gains and could cause the Fund to underperform funds that use a growth or non-value approach to investing. Value investing has gone in and out of favor during past market cycles and when value investing is out of favor or when markets are unstable, the securities of "value" companies may underperform the securities of "growth" companies.

Main Risks of Foreign Investing. Foreign securities are subject to special risks. Foreign issuers are usually not subject to the same accounting and disclosure requirements that U.S. companies are subject to, which may make it difficult for the Fund to evaluate a foreign company's operations or financial condition. A change in the value of a foreign currency against the U.S. dollar will result in a change in the U.S. dollar value of securities denominated in that foreign currency and in the value of any income or distributions the Fund may receive on those securities. The value of foreign investments may be affected by exchange control regulations, foreign taxes, higher transaction and other costs, delays in the settlement of transactions, changes in economic or monetary policy in the United States or abroad, expropriation or nationalization of a company's assets, or other political and economic factors. These risks may be greater for investments in developing or emerging market countries.

Time-Zone Arbitrage. The Fund may invest in securities of foreign issuers that are traded in U.S. or foreign markets. If the Fund invests a significant amount of its assets in foreign markets, it may be exposed to "time-zone arbitrage" attempts by investors seeking to take advantage of differences in the values of foreign securities that might result from events that occur after the close of the foreign securities market on which a security is traded and before the Fund's net asset value is calculated. If such time-zone arbitrage were successful, it might dilute the interests of other shareholders. The Fund's use of "fair value pricing" to adjust certain market prices of foreign securities may help deter those activities.

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 and losses that are typical for a fund emphasizing investments in stocks. Since the Fund's income level will fluctuate and will likely be small, it 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 more or 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 year to year and by showing how the Fund's average annual returns for 1, 5 and 10 years 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/ValueFund

Performance Availability Phone [Text] rr_PerformanceAvailabilityPhone https://www.oppenheimerfunds.com/fund/ValueFund
Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress   
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.
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 19.46% (2nd Qtr 09) and the lowest return was -26.61% (4th Qtr 08). For the period from January 1, 2012 through December 31, 2012 the cumulative return before sales charges and taxes was 13.51%.

Performance Table Heading rr_PerformanceTableHeading

Average Annual Total Returns for the periods ended December 31, 2012

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 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 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 information for Class I shares will be provided after those shares have one full calendar year of performance.

(Oppenheimer Value Fund) | S&P 500 Index
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 16.00%
5 Years rr_AverageAnnualReturnYear05 1.66%
10 Years rr_AverageAnnualReturnYear10 7.10%
(Oppenheimer Value Fund) | Russell 1000 Value Index
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 17.51%
5 Years rr_AverageAnnualReturnYear05 0.59%
10 Years rr_AverageAnnualReturnYear10 7.38%
(Oppenheimer Value Fund) | Class A
 
Risk/Return: rr_RiskReturnAbstract  
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 0.48%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.30%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.03%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.03%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 675
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 886
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,114
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,768
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 675
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 886
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,114
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 1,768
Annual Return 2003 rr_AnnualReturn2003 32.22%
Annual Return 2004 rr_AnnualReturn2004 15.25%
Annual Return 2005 rr_AnnualReturn2005 6.45%
Annual Return 2006 rr_AnnualReturn2006 15.79%
Annual Return 2007 rr_AnnualReturn2007 6.32%
Annual Return 2008 rr_AnnualReturn2008 (41.69%)
Annual Return 2009 rr_AnnualReturn2009 33.65%
Annual Return 2010 rr_AnnualReturn2010 14.70%
Annual Return 2011 rr_AnnualReturn2011 (4.76%)
Annual Return 2012 rr_AnnualReturn2012 13.51%
Year to Date Return, Label rr_YearToDateReturnLabel For the period from January 1, 2012 through December 31, 2012 the cumulative return before sales charges and taxes was 13.51%.
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Dec. 31, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 13.51%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest return for a calendar quarter was 19.46% (2nd Qtr 09)
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 19.46%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest return was -26.61% (4th Qtr 08)
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (26.61%)
1 Year rr_AverageAnnualReturnYear01 6.98%
5 Years rr_AverageAnnualReturnYear05 (1.85%)
10 Years rr_AverageAnnualReturnYear10 6.16%
Inception Date rr_AverageAnnualReturnInceptionDate Sep. 16, 1985
(Oppenheimer Value Fund) | Class A | Return After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 6.47%
5 Years rr_AverageAnnualReturnYear05 (2.05%)
10 Years rr_AverageAnnualReturnYear10 5.65%
(Oppenheimer Value Fund) | Class A | Return After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 4.53%
5 Years rr_AverageAnnualReturnYear05 (1.60%)
10 Years rr_AverageAnnualReturnYear10 5.27%
(Oppenheimer Value Fund) | Class B
 
Risk/Return: rr_RiskReturnAbstract  
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 0.48%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.67%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.15%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.26%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.89%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 694
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 955
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,342
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,928
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 194
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 655
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,142
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 1,928
1 Year rr_AverageAnnualReturnYear01 7.50%
5 Years rr_AverageAnnualReturnYear05 (1.92%)
10 Years rr_AverageAnnualReturnYear10 6.24%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 02, 1995
(Oppenheimer Value Fund) | Class C
 
Risk/Return: rr_RiskReturnAbstract  
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 0.48%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.99%
Other Expenses rr_OtherExpensesOverAssets 0.32%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.79%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.79%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 283
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 568
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 978
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,124
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 183
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 568
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 978
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 2,124
1 Year rr_AverageAnnualReturnYear01 11.67%
5 Years rr_AverageAnnualReturnYear05 (1.43%)
10 Years rr_AverageAnnualReturnYear10 5.97%
Inception Date rr_AverageAnnualReturnInceptionDate May 01, 1996
(Oppenheimer Value Fund) | Class I
 
Risk/Return: rr_RiskReturnAbstract  
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 0.48%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.03%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.51%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.51%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 52
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 164
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 286
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 642
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 52
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 164
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 286
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 642
(Oppenheimer Value Fund) | Class N
 
Risk/Return: rr_RiskReturnAbstract  
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 0.48%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.49%
Other Expenses rr_OtherExpensesOverAssets 0.34%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.31%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.31%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 234
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
1 Year rr_AverageAnnualReturnYear01 12.24%
5 Years rr_AverageAnnualReturnYear05 (0.95%)
10 Years rr_AverageAnnualReturnYear10 6.47%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2001
(Oppenheimer Value Fund) | Class Y
 
Risk/Return: rr_RiskReturnAbstract  
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 0.48%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.11%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.59%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.59%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 60
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 190
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 330
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 740
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 60
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 190
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 330
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 740
1 Year rr_AverageAnnualReturnYear01 13.97%
5 Years rr_AverageAnnualReturnYear05 (0.28%)
10 Years rr_AverageAnnualReturnYear10 7.24%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 16, 1996
[1] The Fund's transfer agent has voluntarily agreed to limit its fees for Classes B, C, N and Y to 0.35% of average annual net assets per class per fiscal year, and to 0.30% of average annual net assets per fiscal year for Class A. These limitations may not be amended or withdrawn until one year after the date of this prospectus.
XML 19 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Average Annual Total Returns (dei_DocumentInformationDocumentAxis, (Oppenheimer Value Fund))
0 Months Ended
Feb. 28, 2013
S&P 500 Index
 
Average Annual Return:  
1 Year 16.00%
5 Years 1.66%
10 Years 7.10%
Russell 1000 Value Index
 
Average Annual Return:  
1 Year 17.51%
5 Years 0.59%
10 Years 7.38%
Class A
 
Average Annual Return:  
1 Year 6.98%
5 Years (1.85%)
10 Years 6.16%
Inception Date Sep. 16, 1985
Class A | Return After Taxes on Distributions
 
Average Annual Return:  
1 Year 6.47%
5 Years (2.05%)
10 Years 5.65%
Class A | Return After Taxes on Distributions and Sale of Fund Shares
 
Average Annual Return:  
1 Year 4.53%
5 Years (1.60%)
10 Years 5.27%
Class B
 
Average Annual Return:  
1 Year 7.50%
5 Years (1.92%)
10 Years 6.24%
Inception Date Oct. 02, 1995
Class C
 
Average Annual Return:  
1 Year 11.67%
5 Years (1.43%)
10 Years 5.97%
Inception Date May 01, 1996
Class N
 
Average Annual Return:  
1 Year 12.24%
5 Years (0.95%)
10 Years 6.47%
Inception Date Mar. 01, 2001
Class Y
 
Average Annual Return:  
1 Year 13.97%
5 Years (0.28%)
10 Years 7.24%
Inception Date Dec. 16, 1996
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Annual Fund Operating Expenses (dei_DocumentInformationDocumentAxis, (Oppenheimer Value Fund))
0 Months Ended
Feb. 28, 2013
Class A
 
Operating Expenses:  
Management Fees 0.48%
Distribution and/or Service (12b-1) Fees 0.25%
Other Expenses 0.30%
Total Annual Fund Operating Expenses 1.03%
Fee Waiver and/or Expense Reimbursement none [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.03%
Class B
 
Operating Expenses:  
Management Fees 0.48%
Distribution and/or Service (12b-1) Fees 1.00%
Other Expenses 0.67%
Total Annual Fund Operating Expenses 2.15%
Fee Waiver and/or Expense Reimbursement (0.26%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.89%
Class C
 
Operating Expenses:  
Management Fees 0.48%
Distribution and/or Service (12b-1) Fees 0.99%
Other Expenses 0.32%
Total Annual Fund Operating Expenses 1.79%
Fee Waiver and/or Expense Reimbursement none [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.79%
Class I
 
Operating Expenses:  
Management Fees 0.48%
Distribution and/or Service (12b-1) Fees none
Other Expenses 0.03%
Total Annual Fund Operating Expenses 0.51%
Fee Waiver and/or Expense Reimbursement none [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.51%
Class N
 
Operating Expenses:  
Management Fees 0.48%
Distribution and/or Service (12b-1) Fees 0.49%
Other Expenses 0.34%
Total Annual Fund Operating Expenses 1.31%
Fee Waiver and/or Expense Reimbursement none [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 1.31%
Class Y
 
Operating Expenses:  
Management Fees 0.48%
Distribution and/or Service (12b-1) Fees none
Other Expenses 0.11%
Total Annual Fund Operating Expenses 0.59%
Fee Waiver and/or Expense Reimbursement none [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement 0.59%
[1] The Fund's transfer agent has voluntarily agreed to limit its fees for Classes B, C, N and Y to 0.35% of average annual net assets per class per fiscal year, and to 0.30% of average annual net assets per fiscal year for Class A. These limitations may not be amended or withdrawn until one year after the date of this prospectus.
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