-----BEGIN PRIVACY-ENHANCED MESSAGE----- Proc-Type: 2001,MIC-CLEAR Originator-Name: webmaster@www.sec.gov Originator-Key-Asymmetric: MFgwCgYEVQgBAQICAf8DSgAwRwJAW2sNKK9AVtBzYZmr6aGjlWyK3XmZv3dTINen TWSM7vrzLADbmYQaionwg5sDW3P6oaM5D3tdezXMm7z1T+B+twIDAQAB MIC-Info: RSA-MD5,RSA, BbpXnJ/8pqwMPhdFsmPZctdtKHILQmXZCdKH+Wgqwm9jLHsTJp+jQ/QJ4nH0wVhu JlP7C35TBY8RvRT8zBtZMQ== 0001133228-07-000338.txt : 20071023 0001133228-07-000338.hdr.sgml : 20071023 20071023170647 ACCESSION NUMBER: 0001133228-07-000338 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 5 FILED AS OF DATE: 20071023 DATE AS OF CHANGE: 20071023 EFFECTIVENESS DATE: 20071023 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER MAIN STREET SMALL CAP FUND CENTRAL INDEX KEY: 0001086165 IRS NUMBER: 841501338 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-78269 FILM NUMBER: 071186162 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: OPPENHEIMER MAIN STREET SMALL CAP FUND CENTRAL INDEX KEY: 0001086165 IRS NUMBER: 841501338 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-09333 FILM NUMBER: 071186163 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY STREET 2: N/A CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 0001086165 S000008470 OPPENHEIMER MAIN STREET SMALL CAP FUND C000023216 A C000023217 B C000023218 C C000023219 N C000023220 Y 485BPOS 1 fs.htm Oppenheimer

Registration No. 333-78269
File No. 811-09333

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.           [  ]
Post-Effective Amendment No. 13     [X]
 

and/or

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940     [X]

     Amendment No. 14

OPPENHEIMER MAIN STREET SMALL CAP FUND®

(Exact Name of Registrant as Specified in Charter)

6803 South Tucson Way, Centennial, Colorado 80112-3924

(Address of Principal Executive Offices) (Zip Code)
 

Registrant’s Telephone Number, including Area Code: (303) 768-3200

Robert G. Zack, Esq.
OppenheimerFunds, Inc.

Two World Financial Center, 225 Liberty Street, New York, New York 10281-1008

(Name and Address of Agent for Service)

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

     [X]     immediately upon filing pursuant to paragraph (b)
     [   ]     on _______________pursuant to paragraph (b)
     [   ]     60 days after filing pursuant to paragraph (a)(1)
     [   ]     on _______________ pursuant to paragraph (a)(1)
     [   ]     75 days after filing pursuant to paragraph (a)(2)
     [   ]     on _______________ pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

     [   ]      this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

SIGNATURES

Pursuant to the requirements of the Securities Act of 1933 and the Investment Company Act of 1940, the Registrant certifies that it meets all the requirements for effectiveness of this Registration Statement pursuant to Rule 485(b) under the Securities Act of 1933 and has duly caused this Registration Statement to be signed on its behalf by the undersigned, thereunto duly authorized, in the City of New York and State of New York on the 23rd day of October, 2007.

 

Oppenheimer Main Street Small Cap Fund®

By:     John V. Murphy*               

           John V. Murphy, 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 Board of Trustees October 23, 2007
William L. Armstrong
   
John V. Murphy* President, Principal Executive Officer and Trustee October 23, 2007
John V. Murphy
     
Brian W. Wixted* Treasurer, Principal Financial & Accounting Officer               October 23, 2007
Brian W. Wixted
     
George C. Bowen* Trustee October 23, 2007
George C. Bowen
     
Edward L. Cameron* Trustee October 23, 2007
Edward L. Cameron
     
Jon S. Fossel* Trustee October 23, 2007
Jon S. Fossel
     
Sam Freedman* Trustee October 23, 2007
Sam Freedman
     
Beverly L. Hamilton* Trustee October 23, 2007
Beverly L. Hamilton
     
Robert J. Malone* Trustee October 23, 2007
Robert J. Malone
     
F. William Marshall, Jr.* Trustee October 23, 2007
F. William Marshall, Jr.
             

By:     /s/ Mitchell J. Lindauer          
           Mitchell J. Lindauer, Attorney-in-Fact

*By Powers of Attorney dated August 29, 2006 for all Trustees/Directors and Officers: Previously filed with Post-Effective Amendment No. 27 to the Registration Statement of Oppenheimer Cash Reserves (Reg. No. 33-23223) (9/26/06), and incorporated herein by reference.

 



OPPENHEIMER MAIN STREET SMALL CAP FUND

Post-Effective Amendment No. 13

EXHIBIT INDEX

Users of the data in the following exhibits are advised that, pursuant to the rules and regulations governing the voluntary filing of XBRL tagged disclosure, these exhibits are not the official publicly filed disclosure of Oppenheimer Main Street Small Cap Fund. The purpose of submitting these XBRL tagged exhibits is to test the related format and technology and, as a result, investors should not rely on this information in making investment decisions.

Exhibit No.              Description

Ex-100.INS              XBRL Instance Document
Ex-100.SCH            XBRL Taxonomy Extension Schema Document
Ex-100.DEF            XBRL Taxonomy Extension Definition Linkbase
Ex-100.LAB            XBRL Taxonomy Extension Labels Linkbase

 EX-100.INS 2 r-10232007.xml 0001086165 ici:Registrant_item 2007-10-23 0001086165 filer:S000008470 2007-10-23 0001086165 filer:C000023216 2007-10-23 0001086165 filer:C000023217 2007-10-23 0001086165 filer:C000023218 2007-10-23 0001086165 filer:C000023219 2007-10-23 0001086165 filer:C000023220 2007-10-23 0001086165 filer:AllInstruments 2007-10-23 0001086165 filer:group_C000023216C000023217C000023218C000023219C000023220 2007-10-23 pure iso4217:USD Main Risks of Investing in the Fund All investments have risks to some degree. The Fund's investments are subject to changes in their value from a number of Factors described below. There is also the risk that poor security selection by the Manager will cause the Fund to underperform other Funds having a similar objective. RISKS OF INVESTING IN STOCKS. Stocks fluctuate in price, and their short-term volatility at times may be great. Because the Fund invests primarily in common stocks, the value of the Fund's portfolio will be affected by changes in the stock markets. The Fund's net asset values per share will fluctuate as the values of the Fund's portfolio securities change. The prices of individual stocks do not all move in the same direction uniformly or at the same time. Different stock markets may behave differently from each other. The Fund currently focuses its stock investments in U.S. issuers and accordingly will be affected primarily by changes in U.S. stock markets. Other Factors can affect a particular stock's price, such as poor earnings reports by the issuer, loss of major customers, major litigation against the issuer, or changes in government regulations affecting the issuer or its industry. Also, securities of small-cap companies may have more volatile prices than stocks of medium and large capitalization companies. At times, the Manager may increase the Fund's emphasis of its investments in a particular industry or sector. To the extent that the Fund increases its emphasis on stocks in a particular industry, its share values may fluctuate in response to events affecting that industry, such as changes in economic conditions, government regulations, availability of basic resources or supplies, or other events that affect that industry more than others. SPECIAL RISKS OF SMALL-CAP STOCKS. The Fund invests mainly in stocks of small-cap companies, which generally are newer companies. While these stocks may offer greater opportunities for long-term capital appreciation than larger, more established companies, they involve substantially greater risks of loss and price fluctuations. Small-cap companies may have limited product lines or markets for their products, limited access to financial resources and less depth in management skill than larger, more established companies. Small-cap stocks may be less liquid than those of larger issuers. That means the Fund could have greater difficulty selling a security of a small-cap issuer at an acceptable price, especially in periods of market volatility. That increases the Fund's potential for losses. Also, it may take a substantial period of time before the Fund realizes a gain on an investment in a small-cap company, if it realizes any gain at all. HOW RISKY IS THE FUND OVERALL? The risks described above collectively form the overall risk profile of the Fund and can affect the value of the Fund's investments, its investment performance and its price per share. Particular investments and investment strategies also have risks. These risks mean that you can lose money by investing in the Fund. When you redeem your shares, they may be worth more or less than what you paid for them. There is no assurance that the Fund will achieve its investment objective. In the short term, the stock market and small-cap stocks can be volatile. The price of the Fund's shares can go up and down substantially. The Fund generally does not use income-producing investments to help cushion the Fund's total return from changes in stock prices. In the OppenheimerFunds spectrum, the Fund is generally more aggressive than a large capitalization stock fund or a balanced 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 show one measure of the risks of investing in the Fund, by showing changes in the Fund's performance (for its Class A shares) from year to year for the fill calendar years since the Fund's inception and by showing how the average annual total returns of the Fund's shares, both before and after taxes, compared to those of a broad-based market index and a secondary index The after-tax returns for the other classes of shares will vary. The after-tax returns are shown for Class A shares only and are calculated using the historical highest individual federal marginal income tax rates in effect during the periods shown, and do not reflect the impact of state or local taxes. In certain cases, the Figure representing "Return After Taxes on Distributions" may be higher than the other return Figures for the same period. A higher after-tax return results when a capital loss occurs and translates into an assumed tax deduction that benefits the shareholder. The after-tax returns are calculated based on certain assumptions mandated by regulation and your actual after-tax returns may differ from those shown, depending on your individual tax situation. The after-tax returns set forth below are not relevant to investors who hold their fund shares through tax-deferred arrangements such as 401(k) plans or IRAs or to institutional investors not subject to tax. The Fund's past investment performance, before and after taxes, is not necessarily an indication of how the Fund will perform in the future. 2000 0.1015 2001 0.1293 2002 -0.1598 2003 0.4649 2004 0.1918 2005 0.1 2006 0.1464 Sales charges and taxes are not included in the calculations of return in this bar chart and if those charges and taxes were included, the returns may be less than those shown. For the period from 1/1/07 through 6/30/07, the cumulative return (not annualized) before taxes for Class A shares was 9.68%. During the period shown in the bar chart, the highest return (not annualized) before taxes for a calendar quarter was 0.2155 2003-06-30 and the lowest return (not annualized) before taxes for a calendar quarter was -0.1687 2002-09-30 Avenge Annual Total Returns for the periods ended December 31, 2006 1 Year 5 Years (or life of class, if less) 10 Years (or life of class, if less) Class A Shares (inception 8/2/99) Return Before Taxes 0.0805 0.1176 0.1484 Return After Taxes on Distributions 0.0825 0.1287 0.1428 Return After Taxes on Distributions and Sale of Fund Shares 0.0717 0.118 0.1317 Class B Shares (inception 8/2/99) 0.0877 0.1195 0.1505 Class C Shares (inception 8/2/99) 0.1282 0.1227 0.1493 Class N Shares (inception 3/1/01) 0.1325 0.1274 0.1287 Class Y Shares (inception 8/2/99) 0.152 0.1366 0.1628 Russell 2000 Index 0.0938 1 (reflects no deduction for fees, expenses or taxes) 0.1837 0.1139 0.1047 2 Lipper Small Cap Core Fund Index 0.1095 1 (reflects no deduction for fees, expenses or taxes) 0.137 0.105 0.1081 2 1. From 7/31/99 2. From 2/28/01 The Fund's average annual total returns include applicable sales charges: for Class A, the current maximum initial sales charge of 5.75%; for Class B, the contingent deferred sales charge of 5% (1-year) and 2% (5-yesrs); and for Class C and Class N, the 1% contingent deferred sales charge for the 1-year period. There is no sales charge for Class Y shares. Because Class B shares convert to Class A shares 72 months after purchase, Class B "life-of-class" performance does not include any contingent deferred sales charge and uses Class A performance for the period after conversion. The returns measure the performance of a hypothetical account and assume that all dividends and capital gains distributions have been reinvested in additional shares. The performance of the Fund's Class A shares is compared to the Russell 2000 Index, an unmanaged index of small-capitalization stocks and the Lipper Small Cap Core Fund Index, a category that includes the 30 largest mutual hinds within the investment category as defined by Lipper. The indices performance includes reinvestment of income but does not reflect transaction costs, fees, expenses or taxes. The Fund's investments vary from those in the indices. Fees and Expenses of the Fund The following tables are provided to help you understand the fees and expenses you may pay if you buy and hold shares of the Fund. The Fund pays a variety of expenses directly for management of its assets, administration, distribution of its shares and other services. Those expenses are subtracted from the Fund's assets to calculate the Fund's net asset values per share. All shareholders therefore pay those expenses indirectly. Shareholders pay other transaction expenses directly, such as sales charges. The numbers below are based on the Fund's expenses during its fiscal year ended June 30, 2007 Shareholder Fees (charges paid directly from your investment): Class A Shares Class B Shares Class C Shares Class N Shares Class Y Shares Maximum Sales Charge (Load) on purchases (as % of offering price) 0.0575 0.0000 0.0000 0.0000 0.0000 Maximum Deferred Sales Charge (Load) (as % of the lower of the original offering price or redemption proceeds) 0.0000 1 0.0500 2 0.0100 3 0.0100 4 0.0000 1. A contingent deferred sales charge may apply to redemptions of investments of $1 million or more ($500,000 for certain retirement plan accounts) of Class A shares. See "How to Buy Share" for details. 2. Applies to redemptions in first year after purchase. The contingent deferred sales charge gradually declines from 5% to 1% in years one through six and is eliminated after that. 3. Applies to shares redeemed within 12 months of purchase. 4. Applies to shares redeemed within 18 months of a retirement plans first purchase of Class N shares. Annual Fund Operating Expenses (deducted from Fund assets): (% of average daily net assets) Class A Shares Class B Shares Class C Shares Class N Shares Class Y Shares Management Fees 0.0062 0.0062 0.0062 0.0062 0.0062 Distribution and/or Service (12b-1) Fees 0.0025 0.0100 0.0100 0.0050 0.0000 Other Expenses 0.0025 0.0027 0.0022 0.0033 0.0004 Total Annual Operating Expenses 0.0112 0.0189 0.0184 0.0145 0.0066 Expenses may vary in future years. "Other Expenses" include transfer agent fees, custodial fees, and accounting and legal expenses that the Fund pays. The "Other Expenses" in the table are based on, among other things, the fees the Fund would have paid if the transfer agent had not waived a portion of its fee under a voluntary undertaking to the Fund to limit these fees to 0.35% of average daily net assets per fiscal year for all classes. That undertaking may be amended or withdrawn at any time. For the Fund's fatal year ended June 30, 2007, the transfer agent fees did not exceed the expense limitation described above. EXAMPLES. The following examples are intended to help you compare the cost of investing in the Fund with the cost of investing in other mutual funds. The examples assume that you invest $1 0,000 in a class of shares of the Fund for the time periods indicated and reinvest your dividends and distributions. The first example assumes that you redeem all of your shares at the end of those periods. The second example assumes that you keep your shares. Both examples also assume that your investment has a 5% return each year and that the class's operating expenses remain the same. Your actual costs may be higher or lower because expenses will vary over time. Based on these assumptions your expenses would be as follows: If shares are redeemed: 1 Year 3 Years 5 Years 10 Years Class A Shares 683 912 1160 1867 Class B Shares 694 899 1231 1841 1 Class C Shares 289 584 1005 2178 Class N Shares 249 462 798 1748 Class I Shares 68 212 369 825 1. Class B expenses for years 7 through 10 are based on Class A expenses since Class B shares automatically convert to Class A shares 72 months after purchase. If shares are not redeemed: 1 Year 3 Years 5 Years 10 Years Class A Shares 683 912 1160 1867 Class B Shares 194 599 1031 1841 1 Class C Shares 189 584 1005 2178 Class N Shares 149 462 798 1748 Class I Shares 68 212 369 825 1. Class B expenses for years 7 through 10 are based on Class A expenses since Class B shares automatically convert to Class A shares 72 months after purchase. 2007-10-23 2007-10-23 The purpose of submitting the tagged exhibit is to test the related format and technology and, as a result, investors should not rely on this exhibit in making investment decisions. EX-100.SCH 3 reg.xsd EX-100.DEF 4 reg_def.xml EX-100.LAB 5 reg_lab.xml OPPENHEIMER MAIN STREET SMALL CAP FUNDAllInstrumentsgroup_C000023216C000023217C000023218C000023219C000023220OPPENHEIMER MAIN STREET SMALL CAP FUNDABCNY -----END PRIVACY-ENHANCED MESSAGE-----