0001133228-12-000124.txt : 20120113 0001133228-12-000124.hdr.sgml : 20120113 20120113170416 ACCESSION NUMBER: 0001133228-12-000124 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20120113 DATE AS OF CHANGE: 20120113 EFFECTIVENESS DATE: 20120113 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER CAPITAL INCOME FUND CENTRAL INDEX KEY: 0000045156 IRS NUMBER: 840578481 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-01512 FILM NUMBER: 12527349 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER EQUITY INCOME FUND DATE OF NAME CHANGE: 19980710 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER EQUITY INCOME FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CENTENNIAL EQUITY INCOME FUND INC DATE OF NAME CHANGE: 19830428 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER CAPITAL INCOME FUND CENTRAL INDEX KEY: 0000045156 IRS NUMBER: 840578481 STATE OF INCORPORATION: MA FISCAL YEAR END: 0831 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 002-33043 FILM NUMBER: 12527350 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER EQUITY INCOME FUND DATE OF NAME CHANGE: 19980710 FORMER COMPANY: FORMER CONFORMED NAME: OPPENHEIMER EQUITY INCOME FUND INC DATE OF NAME CHANGE: 19920703 FORMER COMPANY: FORMER CONFORMED NAME: CENTENNIAL EQUITY INCOME FUND INC DATE OF NAME CHANGE: 19830428 0000045156 S000006964 OPPENHEIMER CAPITAL INCOME FUND C000018996 A C000018997 B C000018998 C C000018999 N C000096103 Y 485BPOS 1 e485bpos-cif.htm OPPENHEIMER CAPITAL INCOME FUND

Registration No. 2-33043

File No. 811-1512

UNITED STATES

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. 71

x

and/or

 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

x

Amendment No. 55

x


OPPENHEIMER CAPITAL INCOME FUND
(Exact Name of Registrant as Specified in Charter)

6803 South Tucson Way, Centennial, CO 80112-3924

(Address of Principal Executive Offices)       (Zip Code)

(303) 768-3200

(Registrant’s Telephone Number, including Area Code)

Arthur S. Gabinet, Esq.

OppenheimerFunds, Inc.

Two World Financial Center, 225 Liberty Street,

New York, NY 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 13th day of January, 2012.


 

Oppenheimer Capital Income Fund

 

By: 


William F. Glavin, Jr.*

 

 

 

William F. Glavin, Jr.*, President, Principal
Executive Officer and Trustee

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

William L. Armstrong*

 

Chairman of the

 

January 13, 2012

William L. Armstrong

 

Board of Trustees

 

 

 

 

 

 

 

William F. Glavin, Jr.*

 

President, Principal Executive

 

January 13, 2012

William F. Glavin, Jr.

 

Officer and Trustee

 

 

 

 

 

 

 

Brian W. Wixted*

 

Treasurer, Principal

 

January 13, 2012

Brian W. Wixted

 

Financial & Accounting Officer

 

 

 

 

 

 

 

Edward L. Cameron*

 

Trustee

 

January 13, 2012

Edward L. Cameron

 

 

 

 

 

 

 

 

 

Jon S. Fossel*

 

Trustee

 

January 13, 2012

Jon S. Fossel

 

 

 

 

 

 

 

 

 

Sam Freedman*

 

Trustee

 

January 13, 2012

Sam Freedman

 

 

 

 

 

 

 

 

 

Beverly L. Hamilton*

 

Trustee

 

January 13, 2012

Beverly L. Hamilton

 

 

 

 

 

 

 

 

 

Robert J. Malone*

 

Trustee

 

January 13, 2012

Robert J. Malone

 

 

 

 

 

 

 

 

 

F. William Marshall, Jr.*

 

Trustee

 

January 13, 2012

F. William Marshall, Jr.

 

 

 

 

 

 

 

*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 oppenheimer-20120112.xml XBRL INSTANCE DOCUMENT 0000045156 2011-12-29 2011-12-29 0000045156 oppenheimer:S000006964Member oppenheimer:AAAAMember 2011-12-29 2011-12-29 0000045156 oppenheimer:S000006964Member oppenheimer:C000018996Member oppenheimer:AAAAMember 2011-12-29 2011-12-29 0000045156 oppenheimer:S000006964Member oppenheimer:C000018997Member oppenheimer:AAAAMember 2011-12-29 2011-12-29 0000045156 oppenheimer:S000006964Member oppenheimer:C000018998Member oppenheimer:AAAAMember 2011-12-29 2011-12-29 0000045156 oppenheimer:S000006964Member oppenheimer:C000018999Member oppenheimer:AAAAMember 2011-12-29 2011-12-29 0000045156 oppenheimer:S000006964Member oppenheimer:C000096103Member oppenheimer:AAAAMember 2011-12-29 2011-12-29 0000045156 oppenheimer:S000006964Member oppenheimer:C000018996Member rr:AfterTaxesOnDistributionsMember oppenheimer:AAAAMember 2011-12-29 2011-12-29 0000045156 oppenheimer:S000006964Member oppenheimer:C000018996Member rr:AfterTaxesOnDistributionsAndSalesMember oppenheimer:AAAAMember 2011-12-29 2011-12-29 0000045156 oppenheimer:S000006964Member oppenheimer:Russ3kIndexAAAAMember oppenheimer:AAAAMember 2011-12-29 2011-12-29 0000045156 oppenheimer:S000006964Member oppenheimer:BcapUSaggBondIndexAAAAMember oppenheimer:AAAAMember 2011-12-29 2011-12-29 0000045156 oppenheimer:S000006964Member oppenheimer:Russ3kValIndexAAAAMember oppenheimer:AAAAMember 2011-12-29 2011-12-29 0000045156 oppenheimer:S000006964Member oppenheimer:BcapUSGovBondIndexAAAAMember oppenheimer:AAAAMember 2011-12-29 2011-12-29 xbrli:pure iso4217:USD xbrli:shares iso4217:USD xbrli:shares 485BPOS 2011-08-31 OPPENHEIMER CAPITAL INCOME FUND 0000045156 false 2011-12-29 <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's primary objective is to seek as much current income as is compatible with prudent investment. The Fund has a secondary objective to conserve principal while providing an opportunity for capital appreciation.</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 15 of the prospectus and in the sections "How to Buy Shares" beginning on page 58 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 92% 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 invests in both equity and debt securities of domestic and foreign issuers in different capitalization ranges and in developed or developing countries. Under normal market conditions, the Fund invests at least 65% of its total assets in equity and debt securities that are expected to generate income. The percentages of equity and debt securities the Fund holds may vary from time to time. There is no limit on the Fund's investments in foreign securities.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <i>Equity Securities.</i> In selecting equity securities, the portfolio manager mainly uses a value-oriented investing style. A security may be undervalued because the market does not yet recognize its potential or the issuer is temporarily out of favor. The Fund seeks to realize gains when other investors recognize the real or prospective worth of the security. Value securities may offer higher than average dividends and the Fund may invest in equity securities to seek both current income and capital growth. The portfolio manager typically looks for securities that: have high current income, are believed to have substantial earnings possibilities, have low price/earnings ratios, and have a low price relative to the underlying value of the issuer's assets, earnings, cash flow or other factors.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <i>Debt Securities.</i> The portfolio manager looks for high current yields and typically searches for corporate and government debt securities that offer: attractive relative value, more income than U.S. treasury obligations, a balance of risk and return, high income potential and portfolio diversification.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;">The Fund's debt securities may be rated by a nationally recognized statistical rating organization or may be unrated. The Fund can invest up to 25% of its total assets below investment grade securities, also referred to as "junk bonds," but cannot invest more than 10% of its assets in below investment grade non-convertible securities. "Investment grade" securities are rated in one of the top four rating categories.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <i>Derivative Securities.</i> The Fund may also use derivative instruments to seek income or to try to manage investment risks, including: options, futures, swaps, "structured" notes, mortgage-related securities and equity-linked debt securities.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;">The Fund may sell securities that no longer meet the above criteria.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;">The Fund has established a Cayman Islands company that is wholly-owned and controlled by the Fund (the "Subsidiary"). The Fund may invest up to 25% of its total assets in the Subsidiary. The Subsidiary invests primarily in commodity-linked derivatives (including commodity futures, financial futures, options and swap contracts) and exchange-traded funds related to gold or other special minerals ("Gold ETFs"). The Subsidiary may also invest in certain fixed-income securities and other investments that may serve as margin or collateral for its derivatives positions. Investments in the Subsidiary are intended to provide the Fund with exposure to commodities market returns within the limitations of the federal tax requirements that apply to the Fund. The Fund applies its investment restrictions and compliance policies and procedures, on a look-through basis, to the Subsidiary. The Fund's investment in the Subsidiary may vary based on the portfolio manager's use of different types of commodity-linked derivatives, fixed-income securities, Gold ETFs, and other investments. Since the Fund may invest a substantial portion of its assets in the Subsidiary, which may hold certain of the investments described in this prospectus, the Fund may be considered to be investing indirectly in those investments through its Subsidiary. Therefore, references in this prospectus to investments by the Fund also may be deemed to include the Fund's indirect investments through the Subsidiary.</p> <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 security 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 Equity Securities.</b> Stocks and other equity securities fluctuate in price. The value of the Fund's portfolio may be affected by changes in the equity markets generally. Equity markets may experience significant short-term volatility and may fall sharply at times. Different markets may behave differently from each other and U.S. equity markets may move in the opposite direction from one or more foreign markets.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;">The prices of individual equity securities generally do not all move in the same direction at the same time and a variety of factors can affect the price of a particular company's securities. These factors may include: 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;"> <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 Debt Securities.</b> Debt securities may be subject to credit risk, interest rate risk, prepayment risk and extension risk. Credit risk is the risk that the issuer of a security might not make interest and principal payments on the security as they become due. If an issuer fails to pay interest or repay principal, the Fund's income or share value might be reduced. Adverse news about an issuer or a downgrade in an issuer's credit rating, for any reason, can also reduce the market value of the issuer's securities. Interest rate risk is the risk that when prevailing interest rates fall, the values of already-issued debt securities generally rise; and when prevailing interest rates rise, the values of already-issued debt securities generally fall, and they may be worth less than the amount the Fund paid for them. When interest rates change, the values of longer-term debt securities usually change more than the values of shorter-term debt securities. When interest rates fall, debt securities may be repaid more quickly than expected and the Fund may be required to reinvest the proceeds at a lower interest rate. This is referred to as "prepayment risk." When interest rates rise, debt securities may be repaid more slowly than expected and the value of the Fund's holdings may fall sharply. This is referred to as "extension risk." Interest rate changes normally have different effects on variable or floating rate securities than they do on securities with fixed interest rates.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b> <i>Fixed-Income Market Risks</i> </b>. Economic and other market developments can adversely affect fixed-income securities markets in the United States, Europe and elsewhere. At times, participants in debt securities markets may develop concerns about the ability of certain issuers of debt securities to make timely principal and interest payments, or they may develop concerns about the ability of financial institutions that make markets in certain debt securities to facilitate an orderly market. Those concerns can cause increased volatility in those debt securities or debt securities markets. Under some circumstances, as was the case during the latter half of 2008 and early 2009, those concerns could cause reduced liquidity in certain debt securities markets. A lack of liquidity or other adverse credit market conditions may hamper the Fund's ability to sell the debt securities in which it invests or to find and purchase suitable debt instruments.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b> <i>Special Risks of Lower-Grade Securities.</i> </b> Lower-grade debt securities, whether rated or unrated, have greater risks than investment-grade securities. They may be subject to greater price fluctuations and have a greater risk that the issuer might not be able to pay interest and principal when due. The market for lower-grade securities may be less liquid and therefore they may be harder to value or to sell at an acceptable price, especially during times of market volatility or decline.</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>Special Risks of Developing and Emerging Markets.</i> </b> The economies of developing or emerging market countries may be more dependent on relatively few industries that may be highly vulnerable to local and global changes. The governments of developing and emerging market countries may also be more unstable than the governments of more developed countries. These countries generally have less developed securities markets or exchanges, and less developed legal and accounting systems. Securities may be more difficult to sell at an acceptable price and may be more volatile than securities in countries with more mature markets. The value of developing or emerging market currencies may fluctuate more than the currencies of countries with more mature markets. Investments in developing or emerging market countries may be subject to greater risks of government restrictions, including confiscatory taxation, expropriation or nationalization of a company's assets, restrictions on foreign ownership of local companies and restrictions on withdrawing assets from the country. Investments in securities of issuers in developing or emerging market countries may be considered speculative.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Main Risks of Commodity-Linked Investments.</b> Commodity-linked investments are considered speculative and have substantial risks, including the risk of loss of a significant portion of their principal value. Prices of commodities and commodity-linked investments may fluctuate significantly over short periods due to a variety of factors, including for example agricultural, economic and regulatory developments. These risks may make commodity-linked investments more volatile than other types of investments.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Main Risks Of Investments In The Fund's Wholly-Owned Subsidiary.</b> The Subsidiary is not registered under the Investment Company Act of 1940 and is not subject to its investor protections (except as otherwise noted in this prospectus). As an investor in the Subsidiary, the Fund does not have all of the protections offered to investors by the Investment Company Act of 1940. However, the Subsidiary is wholly-owned and controlled by the Fund and managed by the Manager. Therefore, the Fund's ownership and control of the Subsidiary make it unlikely that the Subsidiary would take actions contrary to the interests of the Fund or its shareholders.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;">Changes in the laws of the Cayman Islands (where the Subsidiary is organized) could prevent the Subsidiary from operating as described in this prospectus and could negatively affect the Fund and its shareholders. For example, the Cayman Islands currently does not impose certain taxes on exempted companies like the Subsidiary, including income and capital gains tax, among others. If Cayman Islands laws were changed to require such entities to pay Cayman Islands taxes, the investment returns of the Fund would likely decrease.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> The Fund has requested a private letter ruling from the Internal Revenue Service confirming that income from the Fund's investment in the Subsidiary constitutes "qualifying income" for purposes of the tax rules. Currently, the Internal Revenue Service has suspended the granting of private letter rulings, pending further internal discussion. As a result, there can be no assurance that the Internal Revenue Service will grant the private letter ruling requested. If the Internal Revenue Service does not grant the private letter ruling request, there is a risk that the Internal Revenue Service could assert that the annual net profit realized by the Subsidiary and imputed for income tax purposes to the Fund will not be considered "qualifying income" for purposes of the Fund remaining qualified as a regulated investment company for federal income tax purposes.</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 current income with the opportunity for some capital growth in their investment over the long term. Those investors should be willing to assume the risks of short-term share price fluctuations that are typical for a fund that has substantial investments in equity securities. Although the Fund seeks current income, it is not designed for investors needing an assured level of 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 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/CapitalIncomeFund </u> </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;">Sales charges and taxes are not included in the calculations and the returns would be lower if they were. During the period shown, the highest return for a calendar quarter was 18.21% (2nd Qtr 03) and the lowest return was -24.23% (4th Qtr 08). For the period from January 1, 2011 to September 30, 2011, the cumulative return before taxes was 1.08%.</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;"> No performance information is included for Class Y shares because they do not 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, 2010</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_S000006964Member ~</div> 0.0575 0 0 0.05 0 0.01 0 0.01 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_S000006964Member ~</div> 0.0056 0.0023 0.0003 0.0021 0 0.0021 0.0103 -0.0005 0.0098 0.0056 0.01 0.0003 0.0057 0 0.0057 0.0216 -0.0017 0.0199 0.0056 0.01 0.0003 0.0032 0 0.0032 0.0191 -0.0005 0.0186 0.0056 0.0048 0.0003 0.0032 0 0.0032 0.0139 -0.0005 0.0134 0.0056 0 0.0003 0.0004 0 0.0004 0.0063 -0.0005 0.0058 <div style="display:none">~ http://oppenheimer/role/ExpenseExampleAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000006964Member ~</div> 670 704 291 237 59 881 967 601 438 197 1109 1356 1037 761 347 1764 1942 2250 1676 784 <div style="display:none">~ http://oppenheimer/role/ExpenseExampleNoRedemptionAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000006964Member ~</div> 670 204 191 137 59 881 667 601 438 197 1109 1156 1037 761 347 1764 1942 2250 1676 784 <div style="display:none">~ http://oppenheimer/role/BarChartDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000006964Member ~</div> -0.0019 -0.1615 0.3347 0.1028 0.0243 0.1516 -0.0185 -0.3705 0.181 0.1163 <div style="display:none">~ http://oppenheimer/role/PerformanceTableDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000006964Member ~</div> 0.0521 0.0388 0.0355 0.0564 0.097 0.1019 0.1693 0.0654 -0.0243 -0.0358 -0.0238 -0.0245 -0.021 -0.0166 0.0274 0.058 0.011 -0.0037 0.0033 0.0121 0.0087 0.0118 0.0216 0.0284 0.0584 0.0567 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 0.92 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 security 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, 2011 to September 30, 2011, the cumulative return before taxes was 1.08%. 0.0108 the highest return for a calendar quarter was 18.21% (2 Qtr 03) 0.1821 the lowest return was -24.23% (4 Qtr 08) -0.2423 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/CapitalIncomeFund 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. 1970-12-01 1993-08-17 1955-11-01 2001-03-01 2011-12-23 2011-12-29 "Management Fees" reflects the gross management fees paid to the Manager by the Fund during the Fund's most recent fiscal year and the estimated gross management fee of the Subsidiary for its first fiscal year. "Other Expenses of the Fund" have been restated to reflect current fees. "Other Expenses of the Subsidiary" are based on estimated amounts for its first fiscal year. The Manager has voluntarily agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund's investment in Oppenheimer Institutional Money Market Fund. The Fund's transfer agent has voluntarily agreed to limit its fees for all classes to 0.35% of average annual net assets per class. Each of these expense limitations may be amended or withdrawn after one year from the date of this prospectus. The Manager has also contractually agreed to waive the management fee it receives from the Fund in an amount equal to the management fee it receives from the Subsidiary. This waiver will continue in effect for so long as the Fund invests in the Subsidiary, and may not be terminated by the Manager unless termination is approved by the Fund's Board of Trustees. 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Annual Total Returns (dei_DocumentInformationDocumentAxis, (Oppenheimer Capital Income Fund), Class A Shares)
0 Months Ended
Dec. 29, 2011
(Oppenheimer Capital Income Fund) | Class A Shares
 
Bar Chart Table:  
Annual Return 2001 (0.19%)
Annual Return 2002 (16.15%)
Annual Return 2003 33.47%
Annual Return 2004 10.28%
Annual Return 2005 2.43%
Annual Return 2006 15.16%
Annual Return 2007 (1.85%)
Annual Return 2008 (37.05%)
Annual Return 2009 18.10%
Annual Return 2010 11.63%
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(Oppenheimer Capital Income Fund)

Investment Objective. The Fund's primary objective is to seek as much current income as is compatible with prudent investment. The Fund has a secondary objective to conserve principal while providing an opportunity for capital appreciation.

Fees and Expenses of the Fund. This table describes the fees and expenses that you may pay if you buy and hold or redeem shares of the Fund. You may qualify for sales charge discounts if you (or you and your spouse) invest, or agree to invest in the future, at least $25,000 in certain funds in the Oppenheimer family of funds. More information about these and other discounts is available from your financial professional and in the section "About Your Account" beginning on page 15 of the prospectus and in the sections "How to Buy Shares" beginning on page 58 and "Appendix A" in the Fund's Statement of Additional Information.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees (Oppenheimer Capital Income Fund)
Class A Shares
Class B Shares
Class C Shares
Class N Shares
Class Y Shares
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) 5.75% 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

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

Annual Fund Operating Expenses (Oppenheimer Capital Income Fund)
Class A Shares
Class B Shares
Class C Shares
Class N Shares
Class Y Shares
Management Fees [1] 0.56% 0.56% 0.56% 0.56% 0.56%
Distribution and/or Service (12b-1) Fees 0.23% 1.00% 1.00% 0.48% none
Acquired Fund Fees and Expenses 0.03% 0.03% 0.03% 0.03% 0.03%
Other Expenses of the Fund [2] 0.21% 0.57% 0.32% 0.32% 0.04%
Other Expenses of the Subsidiary [3] none none none none none
Total Other Expenses 0.21% 0.57% 0.32% 0.32% 0.04%
Total Annual Fund Operating Expenses 1.03% 2.16% 1.91% 1.39% 0.63%
Fee Waiver and Expense Reimbursement [4] (0.05%) (0.17%) (0.05%) (0.05%) (0.05%)
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement 0.98% 1.99% 1.86% 1.34% 0.58%
[1] "Management Fees" reflects the gross management fees paid to the Manager by the Fund during the Fund's most recent fiscal year and the estimated gross management fee of the Subsidiary for its first fiscal year.
[2] "Other Expenses of the Fund" have been restated to reflect current fees.
[3] "Other Expenses of the Subsidiary" are based on estimated amounts for its first fiscal year.
[4] The Manager has voluntarily agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund's investment in Oppenheimer Institutional Money Market Fund. The Fund's transfer agent has voluntarily agreed to limit its fees for all classes to 0.35% of average annual net assets per class. Each of these expense limitations may be amended or withdrawn after one year from the date of this prospectus. The Manager has also contractually agreed to waive the management fee it receives from the Fund in an amount equal to the management fee it receives from the Subsidiary. This waiver will continue in effect for so long as the Fund invests in the Subsidiary, and may not be terminated by the Manager unless termination is approved by the Fund's Board of Trustees.

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

If shares are redeemed

Expense Example (Oppenheimer Capital Income Fund) (USD $)
1 Year
3 Years
5 Years
10 Years
Class A Shares
670 881 1,109 1,764
Class B Shares
704 967 1,356 1,942
Class C Shares
291 601 1,037 2,250
Class N Shares
237 438 761 1,676
Class Y Shares
59 197 347 784

If shares are not redeemed

Expense Example, No Redemption (Oppenheimer Capital Income Fund) (USD $)
1 Year
3 Years
5 Years
10 Years
Class A Shares
670 881 1,109 1,764
Class B Shares
204 667 1,156 1,942
Class C Shares
191 601 1,037 2,250
Class N Shares
137 438 761 1,676
Class Y Shares
59 197 347 784

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 92% of the average value of its portfolio.

Principal Investment Strategies. The Fund invests in both equity and debt securities of domestic and foreign issuers in different capitalization ranges and in developed or developing countries. Under normal market conditions, the Fund invests at least 65% of its total assets in equity and debt securities that are expected to generate income. The percentages of equity and debt securities the Fund holds may vary from time to time. There is no limit on the Fund's investments in foreign securities.

Equity Securities. In selecting equity securities, the portfolio manager mainly uses a value-oriented investing style. A security may be undervalued because the market does not yet recognize its potential or the issuer is temporarily out of favor. The Fund seeks to realize gains when other investors recognize the real or prospective worth of the security. Value securities may offer higher than average dividends and the Fund may invest in equity securities to seek both current income and capital growth. The portfolio manager typically looks for securities that: have high current income, are believed to have substantial earnings possibilities, have low price/earnings ratios, and have a low price relative to the underlying value of the issuer's assets, earnings, cash flow or other factors.

Debt Securities. The portfolio manager looks for high current yields and typically searches for corporate and government debt securities that offer: attractive relative value, more income than U.S. treasury obligations, a balance of risk and return, high income potential and portfolio diversification.

The Fund's debt securities may be rated by a nationally recognized statistical rating organization or may be unrated. The Fund can invest up to 25% of its total assets below investment grade securities, also referred to as "junk bonds," but cannot invest more than 10% of its assets in below investment grade non-convertible securities. "Investment grade" securities are rated in one of the top four rating categories.

Derivative Securities. The Fund may also use derivative instruments to seek income or to try to manage investment risks, including: options, futures, swaps, "structured" notes, mortgage-related securities and equity-linked debt securities.

The Fund may sell securities that no longer meet the above criteria.

The Fund has established a Cayman Islands company that is wholly-owned and controlled by the Fund (the "Subsidiary"). The Fund may invest up to 25% of its total assets in the Subsidiary. The Subsidiary invests primarily in commodity-linked derivatives (including commodity futures, financial futures, options and swap contracts) and exchange-traded funds related to gold or other special minerals ("Gold ETFs"). The Subsidiary may also invest in certain fixed-income securities and other investments that may serve as margin or collateral for its derivatives positions. Investments in the Subsidiary are intended to provide the Fund with exposure to commodities market returns within the limitations of the federal tax requirements that apply to the Fund. The Fund applies its investment restrictions and compliance policies and procedures, on a look-through basis, to the Subsidiary. The Fund's investment in the Subsidiary may vary based on the portfolio manager's use of different types of commodity-linked derivatives, fixed-income securities, Gold ETFs, and other investments. Since the Fund may invest a substantial portion of its assets in the Subsidiary, which may hold certain of the investments described in this prospectus, the Fund may be considered to be investing indirectly in those investments through its Subsidiary. Therefore, references in this prospectus to investments by the Fund also may be deemed to include the Fund's indirect investments through the Subsidiary.

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 security 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 Equity Securities. Stocks and other equity securities fluctuate in price. The value of the Fund's portfolio may be affected by changes in the equity markets generally. Equity markets may experience significant short-term volatility and may fall sharply at times. Different markets may behave differently from each other and U.S. equity markets may move in the opposite direction from one or more foreign markets.

The prices of individual equity securities generally do not all move in the same direction at the same time and a variety of factors can affect the price of a particular company's securities. These factors may include: 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.

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 Debt Securities. Debt securities may be subject to credit risk, interest rate risk, prepayment risk and extension risk. Credit risk is the risk that the issuer of a security might not make interest and principal payments on the security as they become due. If an issuer fails to pay interest or repay principal, the Fund's income or share value might be reduced. Adverse news about an issuer or a downgrade in an issuer's credit rating, for any reason, can also reduce the market value of the issuer's securities. Interest rate risk is the risk that when prevailing interest rates fall, the values of already-issued debt securities generally rise; and when prevailing interest rates rise, the values of already-issued debt securities generally fall, and they may be worth less than the amount the Fund paid for them. When interest rates change, the values of longer-term debt securities usually change more than the values of shorter-term debt securities. When interest rates fall, debt securities may be repaid more quickly than expected and the Fund may be required to reinvest the proceeds at a lower interest rate. This is referred to as "prepayment risk." When interest rates rise, debt securities may be repaid more slowly than expected and the value of the Fund's holdings may fall sharply. This is referred to as "extension risk." Interest rate changes normally have different effects on variable or floating rate securities than they do on securities with fixed interest rates.

Fixed-Income Market Risks . Economic and other market developments can adversely affect fixed-income securities markets in the United States, Europe and elsewhere. At times, participants in debt securities markets may develop concerns about the ability of certain issuers of debt securities to make timely principal and interest payments, or they may develop concerns about the ability of financial institutions that make markets in certain debt securities to facilitate an orderly market. Those concerns can cause increased volatility in those debt securities or debt securities markets. Under some circumstances, as was the case during the latter half of 2008 and early 2009, those concerns could cause reduced liquidity in certain debt securities markets. A lack of liquidity or other adverse credit market conditions may hamper the Fund's ability to sell the debt securities in which it invests or to find and purchase suitable debt instruments.

Special Risks of Lower-Grade Securities. Lower-grade debt securities, whether rated or unrated, have greater risks than investment-grade securities. They may be subject to greater price fluctuations and have a greater risk that the issuer might not be able to pay interest and principal when due. The market for lower-grade securities may be less liquid and therefore they may be harder to value or to sell at an acceptable price, especially during times of market volatility or decline.

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.

Special Risks of Developing and Emerging Markets. The economies of developing or emerging market countries may be more dependent on relatively few industries that may be highly vulnerable to local and global changes. The governments of developing and emerging market countries may also be more unstable than the governments of more developed countries. These countries generally have less developed securities markets or exchanges, and less developed legal and accounting systems. Securities may be more difficult to sell at an acceptable price and may be more volatile than securities in countries with more mature markets. The value of developing or emerging market currencies may fluctuate more than the currencies of countries with more mature markets. Investments in developing or emerging market countries may be subject to greater risks of government restrictions, including confiscatory taxation, expropriation or nationalization of a company's assets, restrictions on foreign ownership of local companies and restrictions on withdrawing assets from the country. Investments in securities of issuers in developing or emerging market countries may be considered speculative.

Main Risks of Commodity-Linked Investments. Commodity-linked investments are considered speculative and have substantial risks, including the risk of loss of a significant portion of their principal value. Prices of commodities and commodity-linked investments may fluctuate significantly over short periods due to a variety of factors, including for example agricultural, economic and regulatory developments. These risks may make commodity-linked investments more volatile than other types of investments.

Main Risks Of Investments In The Fund's Wholly-Owned Subsidiary. The Subsidiary is not registered under the Investment Company Act of 1940 and is not subject to its investor protections (except as otherwise noted in this prospectus). As an investor in the Subsidiary, the Fund does not have all of the protections offered to investors by the Investment Company Act of 1940. However, the Subsidiary is wholly-owned and controlled by the Fund and managed by the Manager. Therefore, the Fund's ownership and control of the Subsidiary make it unlikely that the Subsidiary would take actions contrary to the interests of the Fund or its shareholders.

Changes in the laws of the Cayman Islands (where the Subsidiary is organized) could prevent the Subsidiary from operating as described in this prospectus and could negatively affect the Fund and its shareholders. For example, the Cayman Islands currently does not impose certain taxes on exempted companies like the Subsidiary, including income and capital gains tax, among others. If Cayman Islands laws were changed to require such entities to pay Cayman Islands taxes, the investment returns of the Fund would likely decrease.

The Fund has requested a private letter ruling from the Internal Revenue Service confirming that income from the Fund's investment in the Subsidiary constitutes "qualifying income" for purposes of the tax rules. Currently, the Internal Revenue Service has suspended the granting of private letter rulings, pending further internal discussion. As a result, there can be no assurance that the Internal Revenue Service will grant the private letter ruling requested. If the Internal Revenue Service does not grant the private letter ruling request, there is a risk that the Internal Revenue Service could assert that the annual net profit realized by the Subsidiary and imputed for income tax purposes to the Fund will not be considered "qualifying income" for purposes of the Fund remaining qualified as a regulated investment company for federal income tax purposes.

Who is the Fund Designed For? The Fund is designed primarily for investors seeking current income with the opportunity for some capital growth in their investment over the long term. Those investors should be willing to assume the risks of short-term share price fluctuations that are typical for a fund that has substantial investments in equity securities. Although the Fund seeks current income, it is not designed for investors needing an assured level of 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 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/CapitalIncomeFund

Bar Chart

Sales charges and taxes are not included in the calculations and the returns would be lower if they were. During the period shown, the highest return for a calendar quarter was 18.21% (2nd Qtr 03) and the lowest return was -24.23% (4th Qtr 08). For the period from January 1, 2011 to September 30, 2011, the cumulative return before taxes was 1.08%.

Average Annual Total Returns for the periods ended December 31, 2010

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.

No performance information is included for Class Y shares because they do not have one full calendar year of performance.

Average Annual Total Returns (Oppenheimer Capital Income Fund)
Inception Date
1 Year
5 Years
10 Years (or life of class, if less)
Class A Shares
Dec. 01, 1970 5.21% (2.43%) 1.10%
Class A Shares Return After Taxes on Distributions
  3.88% (3.58%) (0.37%)
Class A Shares Return After Taxes on Distributions and Sale of Fund Shares
  3.55% (2.38%) 0.33%
Class B Shares
Aug. 17, 1993 5.64% (2.45%) 1.21%
Class C Shares
Nov. 01, 1955 9.70% (2.10%) 0.87%
Class N Shares
Mar. 01, 2001 10.19% (1.66%) 1.18%
Russell 3000 Index
  16.93% 2.74% 2.16%
Russell 3000 Index (reflects no deduction for fees, expenses or taxes)
[1]       2.84%
Barclay Capital U.S. Aggregate Bond Index
  6.54% 5.80% 5.84%
Barclay Capital U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)
[1]       5.67%
[1] From 2/28/01

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Shareholder Fees (dei_DocumentInformationDocumentAxis, (Oppenheimer Capital Income Fund))
0 Months Ended
Dec. 29, 2011
Class A Shares
 
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 Shares
 
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 Shares
 
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 N Shares
 
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 Shares
 
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
XML 15 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
(Oppenheimer Capital Income Fund)

Investment Objective. The Fund's primary objective is to seek as much current income as is compatible with prudent investment. The Fund has a secondary objective to conserve principal while providing an opportunity for capital appreciation.

Fees and Expenses of the Fund. This table describes the fees and expenses that you may pay if you buy and hold or redeem shares of the Fund. You may qualify for sales charge discounts if you (or you and your spouse) invest, or agree to invest in the future, at least $25,000 in certain funds in the Oppenheimer family of funds. More information about these and other discounts is available from your financial professional and in the section "About Your Account" beginning on page 15 of the prospectus and in the sections "How to Buy Shares" beginning on page 58 and "Appendix A" in the Fund's Statement of Additional Information.

Shareholder Fees (fees paid directly from your investment)

Shareholder Fees (Oppenheimer Capital Income Fund)
Class A Shares
Class B Shares
Class C Shares
Class N Shares
Class Y Shares
Maximum Sales Charge (Load) imposed on purchases (as % of offering price) 5.75% 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

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

Annual Fund Operating Expenses (Oppenheimer Capital Income Fund)
Class A Shares
Class B Shares
Class C Shares
Class N Shares
Class Y Shares
Management Fees [1] 0.56% 0.56% 0.56% 0.56% 0.56%
Distribution and/or Service (12b-1) Fees 0.23% 1.00% 1.00% 0.48% none
Acquired Fund Fees and Expenses 0.03% 0.03% 0.03% 0.03% 0.03%
Other Expenses of the Fund [2] 0.21% 0.57% 0.32% 0.32% 0.04%
Other Expenses of the Subsidiary [3] none none none none none
Total Other Expenses 0.21% 0.57% 0.32% 0.32% 0.04%
Total Annual Fund Operating Expenses 1.03% 2.16% 1.91% 1.39% 0.63%
Fee Waiver and Expense Reimbursement [4] (0.05%) (0.17%) (0.05%) (0.05%) (0.05%)
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement 0.98% 1.99% 1.86% 1.34% 0.58%
[1] "Management Fees" reflects the gross management fees paid to the Manager by the Fund during the Fund's most recent fiscal year and the estimated gross management fee of the Subsidiary for its first fiscal year.
[2] "Other Expenses of the Fund" have been restated to reflect current fees.
[3] "Other Expenses of the Subsidiary" are based on estimated amounts for its first fiscal year.
[4] The Manager has voluntarily agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund's investment in Oppenheimer Institutional Money Market Fund. The Fund's transfer agent has voluntarily agreed to limit its fees for all classes to 0.35% of average annual net assets per class. Each of these expense limitations may be amended or withdrawn after one year from the date of this prospectus. The Manager has also contractually agreed to waive the management fee it receives from the Fund in an amount equal to the management fee it receives from the Subsidiary. This waiver will continue in effect for so long as the Fund invests in the Subsidiary, and may not be terminated by the Manager unless termination is approved by the Fund's Board of Trustees.

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

If shares are redeemed

Expense Example (Oppenheimer Capital Income Fund) (USD $)
1 Year
3 Years
5 Years
10 Years
Class A Shares
670 881 1,109 1,764
Class B Shares
704 967 1,356 1,942
Class C Shares
291 601 1,037 2,250
Class N Shares
237 438 761 1,676
Class Y Shares
59 197 347 784

If shares are not redeemed

Expense Example, No Redemption (Oppenheimer Capital Income Fund) (USD $)
1 Year
3 Years
5 Years
10 Years
Class A Shares
670 881 1,109 1,764
Class B Shares
204 667 1,156 1,942
Class C Shares
191 601 1,037 2,250
Class N Shares
137 438 761 1,676
Class Y Shares
59 197 347 784

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 92% of the average value of its portfolio.

Principal Investment Strategies. The Fund invests in both equity and debt securities of domestic and foreign issuers in different capitalization ranges and in developed or developing countries. Under normal market conditions, the Fund invests at least 65% of its total assets in equity and debt securities that are expected to generate income. The percentages of equity and debt securities the Fund holds may vary from time to time. There is no limit on the Fund's investments in foreign securities.

Equity Securities. In selecting equity securities, the portfolio manager mainly uses a value-oriented investing style. A security may be undervalued because the market does not yet recognize its potential or the issuer is temporarily out of favor. The Fund seeks to realize gains when other investors recognize the real or prospective worth of the security. Value securities may offer higher than average dividends and the Fund may invest in equity securities to seek both current income and capital growth. The portfolio manager typically looks for securities that: have high current income, are believed to have substantial earnings possibilities, have low price/earnings ratios, and have a low price relative to the underlying value of the issuer's assets, earnings, cash flow or other factors.

Debt Securities. The portfolio manager looks for high current yields and typically searches for corporate and government debt securities that offer: attractive relative value, more income than U.S. treasury obligations, a balance of risk and return, high income potential and portfolio diversification.

The Fund's debt securities may be rated by a nationally recognized statistical rating organization or may be unrated. The Fund can invest up to 25% of its total assets below investment grade securities, also referred to as "junk bonds," but cannot invest more than 10% of its assets in below investment grade non-convertible securities. "Investment grade" securities are rated in one of the top four rating categories.

Derivative Securities. The Fund may also use derivative instruments to seek income or to try to manage investment risks, including: options, futures, swaps, "structured" notes, mortgage-related securities and equity-linked debt securities.

The Fund may sell securities that no longer meet the above criteria.

The Fund has established a Cayman Islands company that is wholly-owned and controlled by the Fund (the "Subsidiary"). The Fund may invest up to 25% of its total assets in the Subsidiary. The Subsidiary invests primarily in commodity-linked derivatives (including commodity futures, financial futures, options and swap contracts) and exchange-traded funds related to gold or other special minerals ("Gold ETFs"). The Subsidiary may also invest in certain fixed-income securities and other investments that may serve as margin or collateral for its derivatives positions. Investments in the Subsidiary are intended to provide the Fund with exposure to commodities market returns within the limitations of the federal tax requirements that apply to the Fund. The Fund applies its investment restrictions and compliance policies and procedures, on a look-through basis, to the Subsidiary. The Fund's investment in the Subsidiary may vary based on the portfolio manager's use of different types of commodity-linked derivatives, fixed-income securities, Gold ETFs, and other investments. Since the Fund may invest a substantial portion of its assets in the Subsidiary, which may hold certain of the investments described in this prospectus, the Fund may be considered to be investing indirectly in those investments through its Subsidiary. Therefore, references in this prospectus to investments by the Fund also may be deemed to include the Fund's indirect investments through the Subsidiary.

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 security 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 Equity Securities. Stocks and other equity securities fluctuate in price. The value of the Fund's portfolio may be affected by changes in the equity markets generally. Equity markets may experience significant short-term volatility and may fall sharply at times. Different markets may behave differently from each other and U.S. equity markets may move in the opposite direction from one or more foreign markets.

The prices of individual equity securities generally do not all move in the same direction at the same time and a variety of factors can affect the price of a particular company's securities. These factors may include: 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.

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 Debt Securities. Debt securities may be subject to credit risk, interest rate risk, prepayment risk and extension risk. Credit risk is the risk that the issuer of a security might not make interest and principal payments on the security as they become due. If an issuer fails to pay interest or repay principal, the Fund's income or share value might be reduced. Adverse news about an issuer or a downgrade in an issuer's credit rating, for any reason, can also reduce the market value of the issuer's securities. Interest rate risk is the risk that when prevailing interest rates fall, the values of already-issued debt securities generally rise; and when prevailing interest rates rise, the values of already-issued debt securities generally fall, and they may be worth less than the amount the Fund paid for them. When interest rates change, the values of longer-term debt securities usually change more than the values of shorter-term debt securities. When interest rates fall, debt securities may be repaid more quickly than expected and the Fund may be required to reinvest the proceeds at a lower interest rate. This is referred to as "prepayment risk." When interest rates rise, debt securities may be repaid more slowly than expected and the value of the Fund's holdings may fall sharply. This is referred to as "extension risk." Interest rate changes normally have different effects on variable or floating rate securities than they do on securities with fixed interest rates.

Fixed-Income Market Risks . Economic and other market developments can adversely affect fixed-income securities markets in the United States, Europe and elsewhere. At times, participants in debt securities markets may develop concerns about the ability of certain issuers of debt securities to make timely principal and interest payments, or they may develop concerns about the ability of financial institutions that make markets in certain debt securities to facilitate an orderly market. Those concerns can cause increased volatility in those debt securities or debt securities markets. Under some circumstances, as was the case during the latter half of 2008 and early 2009, those concerns could cause reduced liquidity in certain debt securities markets. A lack of liquidity or other adverse credit market conditions may hamper the Fund's ability to sell the debt securities in which it invests or to find and purchase suitable debt instruments.

Special Risks of Lower-Grade Securities. Lower-grade debt securities, whether rated or unrated, have greater risks than investment-grade securities. They may be subject to greater price fluctuations and have a greater risk that the issuer might not be able to pay interest and principal when due. The market for lower-grade securities may be less liquid and therefore they may be harder to value or to sell at an acceptable price, especially during times of market volatility or decline.

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.

Special Risks of Developing and Emerging Markets. The economies of developing or emerging market countries may be more dependent on relatively few industries that may be highly vulnerable to local and global changes. The governments of developing and emerging market countries may also be more unstable than the governments of more developed countries. These countries generally have less developed securities markets or exchanges, and less developed legal and accounting systems. Securities may be more difficult to sell at an acceptable price and may be more volatile than securities in countries with more mature markets. The value of developing or emerging market currencies may fluctuate more than the currencies of countries with more mature markets. Investments in developing or emerging market countries may be subject to greater risks of government restrictions, including confiscatory taxation, expropriation or nationalization of a company's assets, restrictions on foreign ownership of local companies and restrictions on withdrawing assets from the country. Investments in securities of issuers in developing or emerging market countries may be considered speculative.

Main Risks of Commodity-Linked Investments. Commodity-linked investments are considered speculative and have substantial risks, including the risk of loss of a significant portion of their principal value. Prices of commodities and commodity-linked investments may fluctuate significantly over short periods due to a variety of factors, including for example agricultural, economic and regulatory developments. These risks may make commodity-linked investments more volatile than other types of investments.

Main Risks Of Investments In The Fund's Wholly-Owned Subsidiary. The Subsidiary is not registered under the Investment Company Act of 1940 and is not subject to its investor protections (except as otherwise noted in this prospectus). As an investor in the Subsidiary, the Fund does not have all of the protections offered to investors by the Investment Company Act of 1940. However, the Subsidiary is wholly-owned and controlled by the Fund and managed by the Manager. Therefore, the Fund's ownership and control of the Subsidiary make it unlikely that the Subsidiary would take actions contrary to the interests of the Fund or its shareholders.

Changes in the laws of the Cayman Islands (where the Subsidiary is organized) could prevent the Subsidiary from operating as described in this prospectus and could negatively affect the Fund and its shareholders. For example, the Cayman Islands currently does not impose certain taxes on exempted companies like the Subsidiary, including income and capital gains tax, among others. If Cayman Islands laws were changed to require such entities to pay Cayman Islands taxes, the investment returns of the Fund would likely decrease.

The Fund has requested a private letter ruling from the Internal Revenue Service confirming that income from the Fund's investment in the Subsidiary constitutes "qualifying income" for purposes of the tax rules. Currently, the Internal Revenue Service has suspended the granting of private letter rulings, pending further internal discussion. As a result, there can be no assurance that the Internal Revenue Service will grant the private letter ruling requested. If the Internal Revenue Service does not grant the private letter ruling request, there is a risk that the Internal Revenue Service could assert that the annual net profit realized by the Subsidiary and imputed for income tax purposes to the Fund will not be considered "qualifying income" for purposes of the Fund remaining qualified as a regulated investment company for federal income tax purposes.

Who is the Fund Designed For? The Fund is designed primarily for investors seeking current income with the opportunity for some capital growth in their investment over the long term. Those investors should be willing to assume the risks of short-term share price fluctuations that are typical for a fund that has substantial investments in equity securities. Although the Fund seeks current income, it is not designed for investors needing an assured level of 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 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/CapitalIncomeFund

Bar Chart

Sales charges and taxes are not included in the calculations and the returns would be lower if they were. During the period shown, the highest return for a calendar quarter was 18.21% (2nd Qtr 03) and the lowest return was -24.23% (4th Qtr 08). For the period from January 1, 2011 to September 30, 2011, the cumulative return before taxes was 1.08%.

Average Annual Total Returns for the periods ended December 31, 2010

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.

No performance information is included for Class Y shares because they do not have one full calendar year of performance.

Average Annual Total Returns (Oppenheimer Capital Income Fund)
Inception Date
1 Year
5 Years
10 Years (or life of class, if less)
Class A Shares
Dec. 01, 1970 5.21% (2.43%) 1.10%
Class A Shares Return After Taxes on Distributions
  3.88% (3.58%) (0.37%)
Class A Shares Return After Taxes on Distributions and Sale of Fund Shares
  3.55% (2.38%) 0.33%
Class B Shares
Aug. 17, 1993 5.64% (2.45%) 1.21%
Class C Shares
Nov. 01, 1955 9.70% (2.10%) 0.87%
Class N Shares
Mar. 01, 2001 10.19% (1.66%) 1.18%
Russell 3000 Index
  16.93% 2.74% 2.16%
Russell 3000 Index (reflects no deduction for fees, expenses or taxes)
[1]       2.84%
Barclay Capital U.S. Aggregate Bond Index
  6.54% 5.80% 5.84%
Barclay Capital U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)
[1]       5.67%
[1] From 2/28/01
XML 16 R11.htm IDEA: XBRL DOCUMENT v2.4.0.6
Average Annual Total Returns (dei_DocumentInformationDocumentAxis, (Oppenheimer Capital Income Fund))
0 Months Ended
Dec. 29, 2011
Russell 3000 Index
 
Average Annual Return:  
1 Year 16.93%
5 Years 2.74%
10 Years (or life of class, if less) 2.16%
Russell 3000 Index (reflects no deduction for fees, expenses or taxes)
 
Average Annual Return:  
10 Years (or life of class, if less) 2.84% [1]
Barclay Capital U.S. Aggregate Bond Index
 
Average Annual Return:  
1 Year 6.54%
5 Years 5.80%
10 Years (or life of class, if less) 5.84%
Barclay Capital U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)
 
Average Annual Return:  
10 Years (or life of class, if less) 5.67% [1]
Class A Shares
 
Average Annual Return:  
1 Year 5.21%
5 Years (2.43%)
10 Years (or life of class, if less) 1.10%
Inception Date Dec. 01, 1970
Class A Shares | Return After Taxes on Distributions
 
Average Annual Return:  
1 Year 3.88%
5 Years (3.58%)
10 Years (or life of class, if less) (0.37%)
Class A Shares | Return After Taxes on Distributions and Sale of Fund Shares
 
Average Annual Return:  
1 Year 3.55%
5 Years (2.38%)
10 Years (or life of class, if less) 0.33%
Class B Shares
 
Average Annual Return:  
1 Year 5.64%
5 Years (2.45%)
10 Years (or life of class, if less) 1.21%
Inception Date Aug. 17, 1993
Class C Shares
 
Average Annual Return:  
1 Year 9.70%
5 Years (2.10%)
10 Years (or life of class, if less) 0.87%
Inception Date Nov. 01, 1955
Class N Shares
 
Average Annual Return:  
1 Year 10.19%
5 Years (1.66%)
10 Years (or life of class, if less) 1.18%
Inception Date Mar. 01, 2001
[1] From 2/28/01
XML 17 R13.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 Aug. 31, 2011
Registrant Name dei_EntityRegistrantName OPPENHEIMER CAPITAL INCOME FUND
Central Index Key dei_EntityCentralIndexKey 0000045156
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Dec. 23, 2011
Document Effective Date dei_DocumentEffectiveDate Dec. 29, 2011
Prospectus Date rr_ProspectusDate Dec. 29, 2011
(Oppenheimer Capital Income Fund)
 
Risk/Return: rr_RiskReturnAbstract  
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

Investment Objective. The Fund's primary objective is to seek as much current income as is compatible with prudent investment. The Fund has a secondary objective to conserve principal while providing an opportunity for capital appreciation.

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

Fees and Expenses of the Fund. This table describes the fees and expenses that you may pay if you buy and hold or redeem shares of the Fund. You may qualify for sales charge discounts if you (or you and your spouse) invest, or agree to invest in the future, at least $25,000 in certain funds in the Oppenheimer family of funds. More information about these and other discounts is available from your financial professional and in the section "About Your Account" beginning on page 15 of the prospectus and in the sections "How to Buy Shares" beginning on page 58 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 92% of the average value of its portfolio.

Portfolio Turnover, Rate rr_PortfolioTurnoverRate 92.00%
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 invests in both equity and debt securities of domestic and foreign issuers in different capitalization ranges and in developed or developing countries. Under normal market conditions, the Fund invests at least 65% of its total assets in equity and debt securities that are expected to generate income. The percentages of equity and debt securities the Fund holds may vary from time to time. There is no limit on the Fund's investments in foreign securities.

Equity Securities. In selecting equity securities, the portfolio manager mainly uses a value-oriented investing style. A security may be undervalued because the market does not yet recognize its potential or the issuer is temporarily out of favor. The Fund seeks to realize gains when other investors recognize the real or prospective worth of the security. Value securities may offer higher than average dividends and the Fund may invest in equity securities to seek both current income and capital growth. The portfolio manager typically looks for securities that: have high current income, are believed to have substantial earnings possibilities, have low price/earnings ratios, and have a low price relative to the underlying value of the issuer's assets, earnings, cash flow or other factors.

Debt Securities. The portfolio manager looks for high current yields and typically searches for corporate and government debt securities that offer: attractive relative value, more income than U.S. treasury obligations, a balance of risk and return, high income potential and portfolio diversification.

The Fund's debt securities may be rated by a nationally recognized statistical rating organization or may be unrated. The Fund can invest up to 25% of its total assets below investment grade securities, also referred to as "junk bonds," but cannot invest more than 10% of its assets in below investment grade non-convertible securities. "Investment grade" securities are rated in one of the top four rating categories.

Derivative Securities. The Fund may also use derivative instruments to seek income or to try to manage investment risks, including: options, futures, swaps, "structured" notes, mortgage-related securities and equity-linked debt securities.

The Fund may sell securities that no longer meet the above criteria.

The Fund has established a Cayman Islands company that is wholly-owned and controlled by the Fund (the "Subsidiary"). The Fund may invest up to 25% of its total assets in the Subsidiary. The Subsidiary invests primarily in commodity-linked derivatives (including commodity futures, financial futures, options and swap contracts) and exchange-traded funds related to gold or other special minerals ("Gold ETFs"). The Subsidiary may also invest in certain fixed-income securities and other investments that may serve as margin or collateral for its derivatives positions. Investments in the Subsidiary are intended to provide the Fund with exposure to commodities market returns within the limitations of the federal tax requirements that apply to the Fund. The Fund applies its investment restrictions and compliance policies and procedures, on a look-through basis, to the Subsidiary. The Fund's investment in the Subsidiary may vary based on the portfolio manager's use of different types of commodity-linked derivatives, fixed-income securities, Gold ETFs, and other investments. Since the Fund may invest a substantial portion of its assets in the Subsidiary, which may hold certain of the investments described in this prospectus, the Fund may be considered to be investing indirectly in those investments through its Subsidiary. Therefore, references in this prospectus to investments by the Fund also may be deemed to include the Fund's indirect investments through the Subsidiary.

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 security 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 Equity Securities. Stocks and other equity securities fluctuate in price. The value of the Fund's portfolio may be affected by changes in the equity markets generally. Equity markets may experience significant short-term volatility and may fall sharply at times. Different markets may behave differently from each other and U.S. equity markets may move in the opposite direction from one or more foreign markets.

The prices of individual equity securities generally do not all move in the same direction at the same time and a variety of factors can affect the price of a particular company's securities. These factors may include: 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.

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 Debt Securities. Debt securities may be subject to credit risk, interest rate risk, prepayment risk and extension risk. Credit risk is the risk that the issuer of a security might not make interest and principal payments on the security as they become due. If an issuer fails to pay interest or repay principal, the Fund's income or share value might be reduced. Adverse news about an issuer or a downgrade in an issuer's credit rating, for any reason, can also reduce the market value of the issuer's securities. Interest rate risk is the risk that when prevailing interest rates fall, the values of already-issued debt securities generally rise; and when prevailing interest rates rise, the values of already-issued debt securities generally fall, and they may be worth less than the amount the Fund paid for them. When interest rates change, the values of longer-term debt securities usually change more than the values of shorter-term debt securities. When interest rates fall, debt securities may be repaid more quickly than expected and the Fund may be required to reinvest the proceeds at a lower interest rate. This is referred to as "prepayment risk." When interest rates rise, debt securities may be repaid more slowly than expected and the value of the Fund's holdings may fall sharply. This is referred to as "extension risk." Interest rate changes normally have different effects on variable or floating rate securities than they do on securities with fixed interest rates.

Fixed-Income Market Risks . Economic and other market developments can adversely affect fixed-income securities markets in the United States, Europe and elsewhere. At times, participants in debt securities markets may develop concerns about the ability of certain issuers of debt securities to make timely principal and interest payments, or they may develop concerns about the ability of financial institutions that make markets in certain debt securities to facilitate an orderly market. Those concerns can cause increased volatility in those debt securities or debt securities markets. Under some circumstances, as was the case during the latter half of 2008 and early 2009, those concerns could cause reduced liquidity in certain debt securities markets. A lack of liquidity or other adverse credit market conditions may hamper the Fund's ability to sell the debt securities in which it invests or to find and purchase suitable debt instruments.

Special Risks of Lower-Grade Securities. Lower-grade debt securities, whether rated or unrated, have greater risks than investment-grade securities. They may be subject to greater price fluctuations and have a greater risk that the issuer might not be able to pay interest and principal when due. The market for lower-grade securities may be less liquid and therefore they may be harder to value or to sell at an acceptable price, especially during times of market volatility or decline.

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.

Special Risks of Developing and Emerging Markets. The economies of developing or emerging market countries may be more dependent on relatively few industries that may be highly vulnerable to local and global changes. The governments of developing and emerging market countries may also be more unstable than the governments of more developed countries. These countries generally have less developed securities markets or exchanges, and less developed legal and accounting systems. Securities may be more difficult to sell at an acceptable price and may be more volatile than securities in countries with more mature markets. The value of developing or emerging market currencies may fluctuate more than the currencies of countries with more mature markets. Investments in developing or emerging market countries may be subject to greater risks of government restrictions, including confiscatory taxation, expropriation or nationalization of a company's assets, restrictions on foreign ownership of local companies and restrictions on withdrawing assets from the country. Investments in securities of issuers in developing or emerging market countries may be considered speculative.

Main Risks of Commodity-Linked Investments. Commodity-linked investments are considered speculative and have substantial risks, including the risk of loss of a significant portion of their principal value. Prices of commodities and commodity-linked investments may fluctuate significantly over short periods due to a variety of factors, including for example agricultural, economic and regulatory developments. These risks may make commodity-linked investments more volatile than other types of investments.

Main Risks Of Investments In The Fund's Wholly-Owned Subsidiary. The Subsidiary is not registered under the Investment Company Act of 1940 and is not subject to its investor protections (except as otherwise noted in this prospectus). As an investor in the Subsidiary, the Fund does not have all of the protections offered to investors by the Investment Company Act of 1940. However, the Subsidiary is wholly-owned and controlled by the Fund and managed by the Manager. Therefore, the Fund's ownership and control of the Subsidiary make it unlikely that the Subsidiary would take actions contrary to the interests of the Fund or its shareholders.

Changes in the laws of the Cayman Islands (where the Subsidiary is organized) could prevent the Subsidiary from operating as described in this prospectus and could negatively affect the Fund and its shareholders. For example, the Cayman Islands currently does not impose certain taxes on exempted companies like the Subsidiary, including income and capital gains tax, among others. If Cayman Islands laws were changed to require such entities to pay Cayman Islands taxes, the investment returns of the Fund would likely decrease.

The Fund has requested a private letter ruling from the Internal Revenue Service confirming that income from the Fund's investment in the Subsidiary constitutes "qualifying income" for purposes of the tax rules. Currently, the Internal Revenue Service has suspended the granting of private letter rulings, pending further internal discussion. As a result, there can be no assurance that the Internal Revenue Service will grant the private letter ruling requested. If the Internal Revenue Service does not grant the private letter ruling request, there is a risk that the Internal Revenue Service could assert that the annual net profit realized by the Subsidiary and imputed for income tax purposes to the Fund will not be considered "qualifying income" for purposes of the Fund remaining qualified as a regulated investment company for federal income tax purposes.

Who is the Fund Designed For? The Fund is designed primarily for investors seeking current income with the opportunity for some capital growth in their investment over the long term. Those investors should be willing to assume the risks of short-term share price fluctuations that are typical for a fund that has substantial investments in equity securities. Although the Fund seeks current income, it is not designed for investors needing an assured level of 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 security 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 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/CapitalIncomeFund

Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress 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/CapitalIncomeFund
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 in the calculations and the returns would be lower if they were. During the period shown, the highest return for a calendar quarter was 18.21% (2nd Qtr 03) and the lowest return was -24.23% (4th Qtr 08). For the period from January 1, 2011 to September 30, 2011, the cumulative return before taxes was 1.08%.

Performance Table Heading rr_PerformanceTableHeading

Average Annual Total Returns for the periods ended December 31, 2010

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.

No performance information is included for Class Y shares because they do not have one full calendar year of performance.

(Oppenheimer Capital Income Fund) | Russell 3000 Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 2.84% [5]
(Oppenheimer Capital Income Fund) | Barclay Capital U.S. Aggregate Bond Index
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 6.54%
5 Years rr_AverageAnnualReturnYear05 5.80%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 5.84%
(Oppenheimer Capital Income Fund) | Russell 3000 Index
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 16.93%
5 Years rr_AverageAnnualReturnYear05 2.74%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 2.16%
(Oppenheimer Capital Income Fund) | Barclay Capital U.S. Aggregate Bond Index (reflects no deduction for fees, expenses or taxes)
 
Risk/Return: rr_RiskReturnAbstract  
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 5.67% [5]
(Oppenheimer Capital Income Fund) | Class A Shares
 
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.56% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.23%
Other Expenses of the Fund rr_Component1OtherExpensesOverAssets 0.21% [2]
Other Expenses of the Subsidiary rr_Component2OtherExpensesOverAssets none [3]
Total Other Expenses rr_OtherExpensesOverAssets 0.21%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.03%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.03%
Fee Waiver and Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [4]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement rr_NetExpensesOverAssets 0.98%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 670
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 881
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,109
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,764
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 670
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 881
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,109
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 1,764
Annual Return 2001 rr_AnnualReturn2001 (0.19%)
Annual Return 2002 rr_AnnualReturn2002 (16.15%)
Annual Return 2003 rr_AnnualReturn2003 33.47%
Annual Return 2004 rr_AnnualReturn2004 10.28%
Annual Return 2005 rr_AnnualReturn2005 2.43%
Annual Return 2006 rr_AnnualReturn2006 15.16%
Annual Return 2007 rr_AnnualReturn2007 (1.85%)
Annual Return 2008 rr_AnnualReturn2008 (37.05%)
Annual Return 2009 rr_AnnualReturn2009 18.10%
Annual Return 2010 rr_AnnualReturn2010 11.63%
Year to Date Return, Label rr_YearToDateReturnLabel For the period from January 1, 2011 to September 30, 2011, the cumulative return before taxes was 1.08%.
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 1.08%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel the highest return for a calendar quarter was 18.21% (2 Qtr 03)
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 18.21%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel the lowest return was -24.23% (4 Qtr 08)
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn (24.23%)
1 Year rr_AverageAnnualReturnYear01 5.21%
5 Years rr_AverageAnnualReturnYear05 (2.43%)
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 1.10%
Inception Date rr_AverageAnnualReturnInceptionDate Dec. 01, 1970
(Oppenheimer Capital Income Fund) | Class A Shares | Return After Taxes on Distributions
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 3.88%
5 Years rr_AverageAnnualReturnYear05 (3.58%)
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 (0.37%)
(Oppenheimer Capital Income Fund) | Class A Shares | Return After Taxes on Distributions and Sale of Fund Shares
 
Risk/Return: rr_RiskReturnAbstract  
1 Year rr_AverageAnnualReturnYear01 3.55%
5 Years rr_AverageAnnualReturnYear05 (2.38%)
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 0.33%
(Oppenheimer Capital Income Fund) | Class B Shares
 
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_MaximumDeferredSalesChargeOverOfferingPrice 5.00%
Management Fees rr_ManagementFeesOverAssets 0.56% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses of the Fund rr_Component1OtherExpensesOverAssets 0.57% [2]
Other Expenses of the Subsidiary rr_Component2OtherExpensesOverAssets none [3]
Total Other Expenses rr_OtherExpensesOverAssets 0.57%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.03%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.16%
Fee Waiver and Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.17%) [4]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement rr_NetExpensesOverAssets 1.99%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 704
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 967
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,356
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,942
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 204
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 667
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,156
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 1,942
1 Year rr_AverageAnnualReturnYear01 5.64%
5 Years rr_AverageAnnualReturnYear05 (2.45%)
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 1.21%
Inception Date rr_AverageAnnualReturnInceptionDate Aug. 17, 1993
(Oppenheimer Capital Income Fund) | Class C Shares
 
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_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fees rr_ManagementFeesOverAssets 0.56% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses of the Fund rr_Component1OtherExpensesOverAssets 0.32% [2]
Other Expenses of the Subsidiary rr_Component2OtherExpensesOverAssets none [3]
Total Other Expenses rr_OtherExpensesOverAssets 0.32%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.03%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.91%
Fee Waiver and Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [4]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement rr_NetExpensesOverAssets 1.86%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 291
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 601
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,037
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,250
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 191
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 601
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,037
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 2,250
1 Year rr_AverageAnnualReturnYear01 9.70%
5 Years rr_AverageAnnualReturnYear05 (2.10%)
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 0.87%
Inception Date rr_AverageAnnualReturnInceptionDate Nov. 01, 1955
(Oppenheimer Capital Income Fund) | Class N Shares
 
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_MaximumDeferredSalesChargeOverOfferingPrice 1.00%
Management Fees rr_ManagementFeesOverAssets 0.56% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.48%
Other Expenses of the Fund rr_Component1OtherExpensesOverAssets 0.32% [2]
Other Expenses of the Subsidiary rr_Component2OtherExpensesOverAssets none [3]
Total Other Expenses rr_OtherExpensesOverAssets 0.32%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.03%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.39%
Fee Waiver and Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [4]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement rr_NetExpensesOverAssets 1.34%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 237
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 438
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 761
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,676
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 137
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 438
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 761
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 1,676
1 Year rr_AverageAnnualReturnYear01 10.19%
5 Years rr_AverageAnnualReturnYear05 (1.66%)
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 1.18%
Inception Date rr_AverageAnnualReturnInceptionDate Mar. 01, 2001
(Oppenheimer Capital Income Fund) | Class Y Shares
 
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_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.56% [1]
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses of the Fund rr_Component1OtherExpensesOverAssets 0.04% [2]
Other Expenses of the Subsidiary rr_Component2OtherExpensesOverAssets none [3]
Total Other Expenses rr_OtherExpensesOverAssets 0.04%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.03%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.63%
Fee Waiver and Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [4]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement rr_NetExpensesOverAssets 0.58%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 59
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 197
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 347
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 784
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 59
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 197
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 347
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 784
[1] "Management Fees" reflects the gross management fees paid to the Manager by the Fund during the Fund's most recent fiscal year and the estimated gross management fee of the Subsidiary for its first fiscal year.
[2] "Other Expenses of the Fund" have been restated to reflect current fees.
[3] "Other Expenses of the Subsidiary" are based on estimated amounts for its first fiscal year.
[4] The Manager has voluntarily agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund's investment in Oppenheimer Institutional Money Market Fund. The Fund's transfer agent has voluntarily agreed to limit its fees for all classes to 0.35% of average annual net assets per class. Each of these expense limitations may be amended or withdrawn after one year from the date of this prospectus. The Manager has also contractually agreed to waive the management fee it receives from the Fund in an amount equal to the management fee it receives from the Subsidiary. This waiver will continue in effect for so long as the Fund invests in the Subsidiary, and may not be terminated by the Manager unless termination is approved by the Fund's Board of Trustees.
[5] From 2/28/01
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Annual Fund Operating Expenses (dei_DocumentInformationDocumentAxis, (Oppenheimer Capital Income Fund))
0 Months Ended
Dec. 29, 2011
Class A Shares
 
Operating Expenses:  
Management Fees 0.56% [1]
Distribution and/or Service (12b-1) Fees 0.23%
Other Expenses of the Fund 0.21% [2]
Other Expenses of the Subsidiary none [3]
Total Other Expenses 0.21%
Acquired Fund Fees and Expenses 0.03%
Total Annual Fund Operating Expenses 1.03%
Fee Waiver and Expense Reimbursement (0.05%) [4]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement 0.98%
Class B Shares
 
Operating Expenses:  
Management Fees 0.56% [1]
Distribution and/or Service (12b-1) Fees 1.00%
Other Expenses of the Fund 0.57% [2]
Other Expenses of the Subsidiary none [3]
Total Other Expenses 0.57%
Acquired Fund Fees and Expenses 0.03%
Total Annual Fund Operating Expenses 2.16%
Fee Waiver and Expense Reimbursement (0.17%) [4]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement 1.99%
Class C Shares
 
Operating Expenses:  
Management Fees 0.56% [1]
Distribution and/or Service (12b-1) Fees 1.00%
Other Expenses of the Fund 0.32% [2]
Other Expenses of the Subsidiary none [3]
Total Other Expenses 0.32%
Acquired Fund Fees and Expenses 0.03%
Total Annual Fund Operating Expenses 1.91%
Fee Waiver and Expense Reimbursement (0.05%) [4]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement 1.86%
Class N Shares
 
Operating Expenses:  
Management Fees 0.56% [1]
Distribution and/or Service (12b-1) Fees 0.48%
Other Expenses of the Fund 0.32% [2]
Other Expenses of the Subsidiary none [3]
Total Other Expenses 0.32%
Acquired Fund Fees and Expenses 0.03%
Total Annual Fund Operating Expenses 1.39%
Fee Waiver and Expense Reimbursement (0.05%) [4]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement 1.34%
Class Y Shares
 
Operating Expenses:  
Management Fees 0.56% [1]
Distribution and/or Service (12b-1) Fees none
Other Expenses of the Fund 0.04% [2]
Other Expenses of the Subsidiary none [3]
Total Other Expenses 0.04%
Acquired Fund Fees and Expenses 0.03%
Total Annual Fund Operating Expenses 0.63%
Fee Waiver and Expense Reimbursement (0.05%) [4]
Total Annual Fund Operating Expenses After Fee Waiver and Expense Reimbursement 0.58%
[1] "Management Fees" reflects the gross management fees paid to the Manager by the Fund during the Fund's most recent fiscal year and the estimated gross management fee of the Subsidiary for its first fiscal year.
[2] "Other Expenses of the Fund" have been restated to reflect current fees.
[3] "Other Expenses of the Subsidiary" are based on estimated amounts for its first fiscal year.
[4] The Manager has voluntarily agreed to waive fees and/or reimburse Fund expenses in an amount equal to the indirect management fees incurred through the Fund's investment in Oppenheimer Institutional Money Market Fund. The Fund's transfer agent has voluntarily agreed to limit its fees for all classes to 0.35% of average annual net assets per class. Each of these expense limitations may be amended or withdrawn after one year from the date of this prospectus. The Manager has also contractually agreed to waive the management fee it receives from the Fund in an amount equal to the management fee it receives from the Subsidiary. This waiver will continue in effect for so long as the Fund invests in the Subsidiary, and may not be terminated by the Manager unless termination is approved by the Fund's Board of Trustees.
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