0001133228-12-002048.txt : 20121012 0001133228-12-002048.hdr.sgml : 20121012 20121012172606 ACCESSION NUMBER: 0001133228-12-002048 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20121012 DATE AS OF CHANGE: 20121012 EFFECTIVENESS DATE: 20121012 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Institutional Money Market Fund CENTRAL INDEX KEY: 0001358587 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 333-133173 FILM NUMBER: 121142442 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 1-303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Oppenheimer Institutional Money Market Fund CENTRAL INDEX KEY: 0001358587 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 0531 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-21888 FILM NUMBER: 121142443 BUSINESS ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 BUSINESS PHONE: 1-303-768-3200 MAIL ADDRESS: STREET 1: 6803 SOUTH TUCSON WAY CITY: CENTENNIAL STATE: CO ZIP: 80112-3924 0001358587 S000012567 Oppenheimer Institutional Money Market Fund C000034179 E C000034180 L C000034181 P 485BPOS 1 e485bpos-institutional.htm OPPENHEIMER INSTITUTIONAL MONEY MARKET FUND e485bpos-institutional.htm - Generated by SEC Publisher for SEC Filing

 

Registration No. 333-133173

File No. 811-21888

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. 8

x

 

 

and/or

 

 

 

REGISTRATION STATEMENT UNDER THE INVESTMENT COMPANY ACT OF 1940

x

Amendment No. 11

 

 

Oppenheimer institutional money market 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

 

Arthur S. Gabinet, 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 12th day of October, 2012.

 

 

 

Oppenheimer Institutional Money Market Fund



 

 

By: 


William F. Glavin, Jr.*

 

 

 

William F. Glavin, Jr., President,
Principal Executive Officer & 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

 

 

 

 

 

 

 

 

 

 

Brian F. Wruble*

 

Chairman of the

 

 

Brian F. Wruble

 

Board of Trustees

 

October 12, 2012

 

 

 

 

 

 

 

 

 

 

William F. Glavin, Jr.*

 

President, Principal

 

 

William F. Glavin, Jr.

 

Executive Officer and Trustee

 

October 12, 2012

 

 

 

 

 

 

 

 

 

 

Brian W. Wixted*

 

Treasurer, Principal

 

October 12, 2012

Brian W. Wixted

 

Financial & Accounting Officer

 

 

 

 

 

 

 

 

 

 

 

 

David K. Downes*

 

Trustee

 

October 12, 2012

David K. Downes

 

 

 

 

 

 

 

 

 

Matthew P. Fink*

 

Trustee

 

October 12, 2012

Matthew P. Fink

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Phillip A. Griffiths*

 

Trustee

 

October 12, 2012

Phillip A. Griffiths

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mary F. Miller*

 

Trustee

 

October 12, 2012

Mary F. Miller

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Joel W. Motley*

 

Trustee

 

October 12, 2012

Joel W. Motley

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Mary Ann Tynan*

 

Trustee

 

October 12, 2012

Mary Ann Tynan

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Joseph M. Wikler*

 

Trustee

 

October 12, 2012

Joseph M. Wikler

 

 

 

 

 

 

 

 

 

 

 

 

 

 

Peter I. Wold*

 

Trustee

 

October 12, 2012

Peter I. Wold

 

 

 

 

 

 

 

 

*By: 


/s/ Mitchell J. Lindauer

 

 



 

 

Mitchell J. Lindauer, Attorney-in-Fact

 

 

 

 

 

 

 

 

 


 

 

EXHIBIT INDEX

 

Exhibit No.

Description

 

 

Ex-101.INS

XBRL Instance Document

Ex-101.SCH

XBRL Taxonomy Extension Schema Document

Ex-101.CAL

XBRL Taxonomy Extension Calculation Linkbase Document

Ex-101.DEF

XBRL Taxonomy Extension Definition Linkbase

Ex-101.LAB

XBRL Taxonomy Extension Labels Linkbase

Ex-101.PRE

XBRL Taxonomy Extension Presentation Linkbase Document

 

EX-101.INS 2 oppenheimer-20121011.xml XBRL INSTANCE DOCUMENT 0001358587 2012-09-28 2012-09-28 0001358587 oppenheimer:S000012567Member oppenheimer:AAAAMember 2012-09-28 2012-09-28 0001358587 oppenheimer:S000012567Member oppenheimer:C000034179Member oppenheimer:AAAAMember 2012-09-28 2012-09-28 0001358587 oppenheimer:S000012567Member oppenheimer:C000034180Member oppenheimer:AAAAMember 2012-09-28 2012-09-28 0001358587 oppenheimer:S000012567Member oppenheimer:C000034181Member oppenheimer:AAAAMember 2012-09-28 2012-09-28 xbrli:pure iso4217:USD xbrli:shares iso4217:USD xbrli:shares 485BPOS 2012-05-31 Oppenheimer Institutional Money Market Fund 0001358587 false 2012-09-28 2012-09-26 2012-09-28 <div style="display: none">~ http://xbrl.sec.gov/rr/role/RiskReturnDetailData column period compact * row dei_DocumentInformationDocumentAxis compact * row dei_LegalEntityAxis compact * row rr_ProspectusShareClassAxis compact * row rr_PerformanceMeasureAxis compact * row primary compact * ~</div> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Investment Objective.</b> The Fund's objective is to seek current income and stability of principal. The Fund is a money market fund.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Fees and Expenses of the Fund.</b> The table below describes the fees and expenses that you may pay if you buy and hold or redeem shares of the Fund.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Shareholder Fees.</b> The Fund does not charge any initial sales charge to buy shares or to reinvest dividends. There are no exchange fees or redemption fees and no contingent deferred sales charges.</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>Principal Investment Strategies.</b> The Fund is a money market fund that invests in a variety of money market instruments to seek current income. Money market instruments are short-term, high-quality, dollar-denominated debt instruments issued by the U.S. Government, domestic and foreign corporations and financial institutions, and other entities. Money market instruments include bank obligations, repurchase agreements, commercial paper, and other short-term corporate and governmental debt obligations.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;">To be considered "high-quality," a debt instrument must be rated in one of the two highest credit-quality categories for short-term securities by a nationally recognized statistical rating service or, if a security is unrated, it must be determined by the Fund's investment manager, OppenheimerFunds, Inc. (the "Manager"), under the supervision of the Fund's Board, to be of comparable quality to rated securities in one of those two categories.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Principal Risks.</b> All investments carry risks to some degree. The Fund's investments are subject to changes in their value from a number of factors. However, the Fund's investments must meet strict standards set by its Board of Trustees and special rules under Federal law for money market funds. Those requirements include maintaining high credit quality, a short average maturity and diversification of the Fund's investments among issuers. Those provisions are designed to help minimize credit risks, to reduce the effects of changes in prevailing interest rates and to reduce the effect on the Fund's portfolio of a default by any one issuer. Since income on short-term securities tends to be lower than income on longer-term debt securities, the Fund's yield will likely be lower than the yield on longer-term fixed-income funds. </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> Even so, there are risks that an issuer of an obligation that the Fund holds might have its credit rating downgraded or might default on its obligations, or that interest rates might rise sharply, causing the value of the Fund's investments to fall. Also, there is the risk that the value of your investment could be eroded over time by the effects of inflation, or that poor security selection could cause the Fund to underperform other funds that have a similar objective. If there is an unexpectedly high demand for the redemption of Fund shares, the Fund might need to sell portfolio securities prior to their maturity, possibly at a loss. As a result, there is a risk that the Fund's shares could fall below $1.00 per share.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Interest Rate Risk.</b> The values of debt securities usually change when prevailing interest rates change. When interest rates fall, the values of already-issued debt securities generally rise. When interest rates rise, the values of already-issued debt securities generally fall. The values of longer-term debt securities usually change more when interest rates change than the values of shorter-term debt securities.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Credit Risk.</b> Debt securities are also subject to credit risk, which is the risk that the issuer of a security might not make principal or interest payments on the security when they are due. If the issuer fails to pay interest, the Fund's income might be reduced, and if the issuer fails to pay interest or repay principal, the value of the security might fall.</p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>Fixed-Income Market Risks.</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>Who Is the Fund Designed For?</b> The Fund is designed for institutional investors who want to earn income at money market rates while preserving the value of their investment and maintaining easy access to their investment through wire redemption privileges. The Fund will invest in a variety of money market instruments to seek current income and stability of principal and to try to maintain a stable share price of $1.00. Income on short-term securities tends to be lower than income on longer-term debt securities, so the Fund's yield will likely be lower than the yield on longer-term fixed-income funds. The Fund does not invest for the purpose of seeking capital appreciation or gains and is not a complete investment program.</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. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund. </b> </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;"> <b>The Fund's Past Performance.</b> The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance (for Class E Shares) from year to year and by showing how the Fund's average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. The Fund's past investment performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. More recent performance information is available by calling the toll-free number on the back of this prospectus and on the Fund's website: <u>https://www.oppenheimerfunds.com/fund/InstitutionalMoneyMarketFund</u> </p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;">During the period shown, the highest return for a calendar quarter was 1.34% (3rd Qtr 07) and the lowest return was 0.04% (2nd &amp; 3rd Qtr 11). For the period from January 1, 2012 to June 30, 2012 the cumulative return before taxes was 0.11%.</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, 2011</b></p> <p style="font-size:12;padding-top:2;padding-bottom:0;padding-left:0;">The Fund's performance reflects reinvestment of all dividends and capital gains distributions.</p> <div style="display:none">~ http://oppenheimer/role/OperatingExpensesDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000012567Member ~</div> 0.001 0 0.0001 0.0011 0 0.0011 0.001 0 0.0007 0.0017 0 0.0017 0.001 0.0025 0.0005 0.004 -0.002 0.002 <div style="display:none">~ http://oppenheimer/role/ExpenseExampleAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000012567Member ~</div> 11 17 21 36 55 108 62 96 205 141 217 487 <div style="display:none">~ http://oppenheimer/role/ExpenseExampleNoRedemptionAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000012567Member ~</div> 11 17 21 36 55 108 62 96 205 141 217 487 <div style="display:none">~ http://oppenheimer/role/BarChartDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000012567Member ~</div> 0.0536 0.0314 0.0058 0.0023 0.0018 <div style="display:none">~ http://oppenheimer/role/PerformanceTableDataAAAA column period compact * column rr_ProspectusShareClassAxis compact * row primary compact * row dei_LegalEntityAxis compact oppenheimer_S000012567Member ~</div> 0.0018 0.0012 0.0008 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 investment performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. https://www.oppenheimerfunds.com/fund/InstitutionalMoneyMarketFund 2006-10-03 2006-10-03 2007-05-21 For the period from January 1, 2012 to June 30, 2012 the cumulative return before taxes was 0.11%. 0.0011 2012-06-30 highest return for a calendar quarter was 1.34% (3rd Qtr 07) 0.0134 lowest return was 0.04% (2nd & 3rd Qtr 11) 0.0004 0.0204 0.0203 0.0151 0.0188 0.0186 0.0151 The Fund's distributor has voluntarily undertaken to waive the fees payable under the Service Plan for Class P shares so that those fees are limited to 0.05% of the average annual net assets of Class P shares of the Fund. This voluntary waiver may not be amended or withdrawn until one year from the date of this prospectus. 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Average Annual Total Returns (dei_DocumentInformationDocumentAxis, (Oppenheimer Institutional Money Market Fund))
0 Months Ended
Sep. 28, 2012
Class E
 
Average Annual Return:  
1 Year 0.18%
5 Years (or life of class, if less) 1.88%
10 Years (or life of class, if less) 2.04%
Inception Date Oct. 03, 2006
Class L
 
Average Annual Return:  
1 Year 0.12%
5 Years (or life of class, if less) 1.86%
10 Years (or life of class, if less) 2.03%
Inception Date Oct. 03, 2006
Class P
 
Average Annual Return:  
1 Year 0.08%
5 Years (or life of class, if less) 1.51%
10 Years (or life of class, if less) 1.51%
Inception Date May 21, 2007
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(Oppenheimer Institutional Money Market Fund)

Investment Objective. The Fund's objective is to seek current income and stability of principal. The Fund is a money market fund.

Fees and Expenses of the Fund. The table below describes the fees and expenses that you may pay if you buy and hold or redeem shares of the Fund.

Shareholder Fees. The Fund does not charge any initial sales charge to buy shares or to reinvest dividends. There are no exchange fees or redemption fees and no contingent deferred sales charges.

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

Annual Fund Operating Expenses (Oppenheimer Institutional Money Market Fund)
Class E
Class L
Class P
Management Fees 0.10% 0.10% 0.10%
Distribution and/or Service (12b-1) Fees none none 0.25%
Other Expenses 0.01% 0.07% 0.05%
Total Annual Operating Expenses 0.11% 0.17% 0.40%
Fee Waiver and/or Expense Reimbursement [1] none none (0.20%)
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement 0.11% 0.17% 0.20%
[1] The Fund's distributor has voluntarily undertaken to waive the fees payable under the Service Plan for Class P shares so that those fees are limited to 0.05% of the average annual net assets of Class P shares of the Fund. This voluntary waiver may not be amended or withdrawn until one year from the date of this prospectus.

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

If shares are redeemed

Expense Example (Oppenheimer Institutional Money Market Fund) (USD $)
1 Year
3 Years
5 Years
10 Years
Class E
11 36 62 141
Class L
17 55 96 217
Class P
21 108 205 487

If shares are not redeemed

Expense Example, No Redemption (Oppenheimer Institutional Money Market Fund) (USD $)
1 Year
3 Years
5 Years
10 Years
Class E
11 36 62 141
Class L
17 55 96 217
Class P
21 108 205 487

Principal Investment Strategies. The Fund is a money market fund that invests in a variety of money market instruments to seek current income. Money market instruments are short-term, high-quality, dollar-denominated debt instruments issued by the U.S. Government, domestic and foreign corporations and financial institutions, and other entities. Money market instruments include bank obligations, repurchase agreements, commercial paper, and other short-term corporate and governmental debt obligations.

To be considered "high-quality," a debt instrument must be rated in one of the two highest credit-quality categories for short-term securities by a nationally recognized statistical rating service or, if a security is unrated, it must be determined by the Fund's investment manager, OppenheimerFunds, Inc. (the "Manager"), under the supervision of the Fund's Board, to be of comparable quality to rated securities in one of those two categories.

Principal Risks. All investments carry risks to some degree. The Fund's investments are subject to changes in their value from a number of factors. However, the Fund's investments must meet strict standards set by its Board of Trustees and special rules under Federal law for money market funds. Those requirements include maintaining high credit quality, a short average maturity and diversification of the Fund's investments among issuers. Those provisions are designed to help minimize credit risks, to reduce the effects of changes in prevailing interest rates and to reduce the effect on the Fund's portfolio of a default by any one issuer. Since income on short-term securities tends to be lower than income on longer-term debt securities, the Fund's yield will likely be lower than the yield on longer-term fixed-income funds.

Even so, there are risks that an issuer of an obligation that the Fund holds might have its credit rating downgraded or might default on its obligations, or that interest rates might rise sharply, causing the value of the Fund's investments to fall. Also, there is the risk that the value of your investment could be eroded over time by the effects of inflation, or that poor security selection could cause the Fund to underperform other funds that have a similar objective. If there is an unexpectedly high demand for the redemption of Fund shares, the Fund might need to sell portfolio securities prior to their maturity, possibly at a loss. As a result, there is a risk that the Fund's shares could fall below $1.00 per share.

Interest Rate Risk. The values of debt securities usually change when prevailing interest rates change. When interest rates fall, the values of already-issued debt securities generally rise. When interest rates rise, the values of already-issued debt securities generally fall. The values of longer-term debt securities usually change more when interest rates change than the values of shorter-term debt securities.

Credit Risk. Debt securities are also subject to credit risk, which is the risk that the issuer of a security might not make principal or interest payments on the security when they are due. If the issuer fails to pay interest, the Fund's income might be reduced, and if the issuer fails to pay interest or repay principal, the value of the security might fall.

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.

Who Is the Fund Designed For? The Fund is designed for institutional investors who want to earn income at money market rates while preserving the value of their investment and maintaining easy access to their investment through wire redemption privileges. The Fund will invest in a variety of money market instruments to seek current income and stability of principal and to try to maintain a stable share price of $1.00. Income on short-term securities tends to be lower than income on longer-term debt securities, so the Fund's yield will likely be lower than the yield on longer-term fixed-income funds. The Fund does not invest for the purpose of seeking capital appreciation or gains and is not a complete investment program.

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. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

The Fund's Past Performance. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance (for Class E Shares) from year to year and by showing how the Fund's average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. The Fund's past investment performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. More recent performance information is available by calling the toll-free number on the back of this prospectus and on the Fund's website: https://www.oppenheimerfunds.com/fund/InstitutionalMoneyMarketFund

Bar Chart

During the period shown, the highest return for a calendar quarter was 1.34% (3rd Qtr 07) and the lowest return was 0.04% (2nd & 3rd Qtr 11). For the period from January 1, 2012 to June 30, 2012 the cumulative return before taxes was 0.11%.

Average Annual Total Returns for the periods ended December 31, 2011

Average Annual Total Returns (Oppenheimer Institutional Money Market Fund)
Inception Date
1 Year
5 Years (or life of class, if less)
10 Years (or life of class, if less)
Class E
Oct. 03, 2006 0.18% 1.88% 2.04%
Class L
Oct. 03, 2006 0.12% 1.86% 2.03%
Class P
May 21, 2007 0.08% 1.51% 1.51%

The Fund's performance reflects reinvestment of all dividends and capital gains distributions.

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XML 14 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Annual Total Returns (dei_DocumentInformationDocumentAxis, (Oppenheimer Institutional Money Market Fund), Class E)
0 Months Ended
Sep. 28, 2012
(Oppenheimer Institutional Money Market Fund) | Class E
 
Bar Chart Table:  
Annual Return 2007 5.36%
Annual Return 2008 3.14%
Annual Return 2009 0.58%
Annual Return 2010 0.23%
Annual Return 2011 0.18%
XML 15 R3.htm IDEA: XBRL DOCUMENT v2.4.0.6
Annual Fund Operating Expenses (dei_DocumentInformationDocumentAxis, (Oppenheimer Institutional Money Market Fund))
0 Months Ended
Sep. 28, 2012
Class E
 
Operating Expenses:  
Management Fees 0.10%
Distribution and/or Service (12b-1) Fees none
Other Expenses 0.01%
Total Annual Operating Expenses 0.11%
Fee Waiver and/or Expense Reimbursement none [1]
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement 0.11%
Class L
 
Operating Expenses:  
Management Fees 0.10%
Distribution and/or Service (12b-1) Fees none
Other Expenses 0.07%
Total Annual Operating Expenses 0.17%
Fee Waiver and/or Expense Reimbursement none [1]
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement 0.17%
Class P
 
Operating Expenses:  
Management Fees 0.10%
Distribution and/or Service (12b-1) Fees 0.25%
Other Expenses 0.05%
Total Annual Operating Expenses 0.40%
Fee Waiver and/or Expense Reimbursement (0.20%) [1]
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement 0.20%
[1] The Fund's distributor has voluntarily undertaken to waive the fees payable under the Service Plan for Class P shares so that those fees are limited to 0.05% of the average annual net assets of Class P shares of the Fund. This voluntary waiver may not be amended or withdrawn until one year from the date of this prospectus.
XML 16 R1.htm IDEA: XBRL DOCUMENT v2.4.0.6
(Oppenheimer Institutional Money Market Fund)

Investment Objective. The Fund's objective is to seek current income and stability of principal. The Fund is a money market fund.

Fees and Expenses of the Fund. The table below describes the fees and expenses that you may pay if you buy and hold or redeem shares of the Fund.

Shareholder Fees. The Fund does not charge any initial sales charge to buy shares or to reinvest dividends. There are no exchange fees or redemption fees and no contingent deferred sales charges.

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

Annual Fund Operating Expenses (Oppenheimer Institutional Money Market Fund)
Class E
Class L
Class P
Management Fees 0.10% 0.10% 0.10%
Distribution and/or Service (12b-1) Fees none none 0.25%
Other Expenses 0.01% 0.07% 0.05%
Total Annual Operating Expenses 0.11% 0.17% 0.40%
Fee Waiver and/or Expense Reimbursement [1] none none (0.20%)
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement 0.11% 0.17% 0.20%
[1] The Fund's distributor has voluntarily undertaken to waive the fees payable under the Service Plan for Class P shares so that those fees are limited to 0.05% of the average annual net assets of Class P shares of the Fund. This voluntary waiver may not be amended or withdrawn until one year from the date of this prospectus.

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

If shares are redeemed

Expense Example (Oppenheimer Institutional Money Market Fund) (USD $)
1 Year
3 Years
5 Years
10 Years
Class E
11 36 62 141
Class L
17 55 96 217
Class P
21 108 205 487

If shares are not redeemed

Expense Example, No Redemption (Oppenheimer Institutional Money Market Fund) (USD $)
1 Year
3 Years
5 Years
10 Years
Class E
11 36 62 141
Class L
17 55 96 217
Class P
21 108 205 487

Principal Investment Strategies. The Fund is a money market fund that invests in a variety of money market instruments to seek current income. Money market instruments are short-term, high-quality, dollar-denominated debt instruments issued by the U.S. Government, domestic and foreign corporations and financial institutions, and other entities. Money market instruments include bank obligations, repurchase agreements, commercial paper, and other short-term corporate and governmental debt obligations.

To be considered "high-quality," a debt instrument must be rated in one of the two highest credit-quality categories for short-term securities by a nationally recognized statistical rating service or, if a security is unrated, it must be determined by the Fund's investment manager, OppenheimerFunds, Inc. (the "Manager"), under the supervision of the Fund's Board, to be of comparable quality to rated securities in one of those two categories.

Principal Risks. All investments carry risks to some degree. The Fund's investments are subject to changes in their value from a number of factors. However, the Fund's investments must meet strict standards set by its Board of Trustees and special rules under Federal law for money market funds. Those requirements include maintaining high credit quality, a short average maturity and diversification of the Fund's investments among issuers. Those provisions are designed to help minimize credit risks, to reduce the effects of changes in prevailing interest rates and to reduce the effect on the Fund's portfolio of a default by any one issuer. Since income on short-term securities tends to be lower than income on longer-term debt securities, the Fund's yield will likely be lower than the yield on longer-term fixed-income funds.

Even so, there are risks that an issuer of an obligation that the Fund holds might have its credit rating downgraded or might default on its obligations, or that interest rates might rise sharply, causing the value of the Fund's investments to fall. Also, there is the risk that the value of your investment could be eroded over time by the effects of inflation, or that poor security selection could cause the Fund to underperform other funds that have a similar objective. If there is an unexpectedly high demand for the redemption of Fund shares, the Fund might need to sell portfolio securities prior to their maturity, possibly at a loss. As a result, there is a risk that the Fund's shares could fall below $1.00 per share.

Interest Rate Risk. The values of debt securities usually change when prevailing interest rates change. When interest rates fall, the values of already-issued debt securities generally rise. When interest rates rise, the values of already-issued debt securities generally fall. The values of longer-term debt securities usually change more when interest rates change than the values of shorter-term debt securities.

Credit Risk. Debt securities are also subject to credit risk, which is the risk that the issuer of a security might not make principal or interest payments on the security when they are due. If the issuer fails to pay interest, the Fund's income might be reduced, and if the issuer fails to pay interest or repay principal, the value of the security might fall.

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.

Who Is the Fund Designed For? The Fund is designed for institutional investors who want to earn income at money market rates while preserving the value of their investment and maintaining easy access to their investment through wire redemption privileges. The Fund will invest in a variety of money market instruments to seek current income and stability of principal and to try to maintain a stable share price of $1.00. Income on short-term securities tends to be lower than income on longer-term debt securities, so the Fund's yield will likely be lower than the yield on longer-term fixed-income funds. The Fund does not invest for the purpose of seeking capital appreciation or gains and is not a complete investment program.

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. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

The Fund's Past Performance. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance (for Class E Shares) from year to year and by showing how the Fund's average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. The Fund's past investment performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. More recent performance information is available by calling the toll-free number on the back of this prospectus and on the Fund's website: https://www.oppenheimerfunds.com/fund/InstitutionalMoneyMarketFund

Bar Chart

During the period shown, the highest return for a calendar quarter was 1.34% (3rd Qtr 07) and the lowest return was 0.04% (2nd & 3rd Qtr 11). For the period from January 1, 2012 to June 30, 2012 the cumulative return before taxes was 0.11%.

Average Annual Total Returns for the periods ended December 31, 2011

Average Annual Total Returns (Oppenheimer Institutional Money Market Fund)
Inception Date
1 Year
5 Years (or life of class, if less)
10 Years (or life of class, if less)
Class E
Oct. 03, 2006 0.18% 1.88% 2.04%
Class L
Oct. 03, 2006 0.12% 1.86% 2.03%
Class P
May 21, 2007 0.08% 1.51% 1.51%

The Fund's performance reflects reinvestment of all dividends and capital gains distributions.

XML 17 R11.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 May 31, 2012
Registrant Name dei_EntityRegistrantName Oppenheimer Institutional Money Market Fund
Central Index Key dei_EntityCentralIndexKey 0001358587
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Sep. 26, 2012
Document Effective Date dei_DocumentEffectiveDate Sep. 28, 2012
Prospectus Date rr_ProspectusDate Sep. 28, 2012
(Oppenheimer Institutional Money Market Fund)
 
Risk/Return: rr_RiskReturnAbstract  
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock

Investment Objective. The Fund's objective is to seek current income and stability of principal. The Fund is a money market fund.

Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

Fees and Expenses of the Fund. The table below describes the fees and expenses that you may pay if you buy and hold or redeem shares of the Fund.

Shareholder Fees Caption [Text] rr_ShareholderFeesCaption

Shareholder Fees. The Fund does not charge any initial sales charge to buy shares or to reinvest dividends. There are no exchange fees or redemption fees and no contingent deferred sales charges.

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)

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 is a money market fund that invests in a variety of money market instruments to seek current income. Money market instruments are short-term, high-quality, dollar-denominated debt instruments issued by the U.S. Government, domestic and foreign corporations and financial institutions, and other entities. Money market instruments include bank obligations, repurchase agreements, commercial paper, and other short-term corporate and governmental debt obligations.

To be considered "high-quality," a debt instrument must be rated in one of the two highest credit-quality categories for short-term securities by a nationally recognized statistical rating service or, if a security is unrated, it must be determined by the Fund's investment manager, OppenheimerFunds, Inc. (the "Manager"), under the supervision of the Fund's Board, to be of comparable quality to rated securities in one of those two categories.

Risk Narrative [Text Block] rr_RiskNarrativeTextBlock

Principal Risks. All investments carry risks to some degree. The Fund's investments are subject to changes in their value from a number of factors. However, the Fund's investments must meet strict standards set by its Board of Trustees and special rules under Federal law for money market funds. Those requirements include maintaining high credit quality, a short average maturity and diversification of the Fund's investments among issuers. Those provisions are designed to help minimize credit risks, to reduce the effects of changes in prevailing interest rates and to reduce the effect on the Fund's portfolio of a default by any one issuer. Since income on short-term securities tends to be lower than income on longer-term debt securities, the Fund's yield will likely be lower than the yield on longer-term fixed-income funds.

Even so, there are risks that an issuer of an obligation that the Fund holds might have its credit rating downgraded or might default on its obligations, or that interest rates might rise sharply, causing the value of the Fund's investments to fall. Also, there is the risk that the value of your investment could be eroded over time by the effects of inflation, or that poor security selection could cause the Fund to underperform other funds that have a similar objective. If there is an unexpectedly high demand for the redemption of Fund shares, the Fund might need to sell portfolio securities prior to their maturity, possibly at a loss. As a result, there is a risk that the Fund's shares could fall below $1.00 per share.

Interest Rate Risk. The values of debt securities usually change when prevailing interest rates change. When interest rates fall, the values of already-issued debt securities generally rise. When interest rates rise, the values of already-issued debt securities generally fall. The values of longer-term debt securities usually change more when interest rates change than the values of shorter-term debt securities.

Credit Risk. Debt securities are also subject to credit risk, which is the risk that the issuer of a security might not make principal or interest payments on the security when they are due. If the issuer fails to pay interest, the Fund's income might be reduced, and if the issuer fails to pay interest or repay principal, the value of the security might fall.

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.

Who Is the Fund Designed For? The Fund is designed for institutional investors who want to earn income at money market rates while preserving the value of their investment and maintaining easy access to their investment through wire redemption privileges. The Fund will invest in a variety of money market instruments to seek current income and stability of principal and to try to maintain a stable share price of $1.00. Income on short-term securities tends to be lower than income on longer-term debt securities, so the Fund's yield will likely be lower than the yield on longer-term fixed-income funds. The Fund does not invest for the purpose of seeking capital appreciation or gains and is not a complete investment program.

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. Although the Fund seeks to preserve the value of your investment at $1.00 per share, it is possible to lose money by investing in the Fund.

Risk Not Insured Depository Institution [Text] rr_RiskNotInsuredDepositoryInstitution An investment in the Fund is not a deposit of any bank and is not insured or guaranteed by the Federal Deposit Insurance Corporation or any other government agency.
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock

The Fund's Past Performance. The bar chart and table below provide some indication of the risks of investing in the Fund by showing changes in the Fund's performance (for Class E Shares) from year to year and by showing how the Fund's average annual returns for 1, 5 and 10 years compare with those of a broad measure of market performance. The Fund's past investment performance (before and after taxes) is not necessarily an indication of how the Fund will perform in the future. More recent performance information is available by calling the toll-free number on the back of this prospectus and on the Fund's website: https://www.oppenheimerfunds.com/fund/InstitutionalMoneyMarketFund

Performance Availability Website Address [Text] rr_PerformanceAvailabilityWebSiteAddress https://www.oppenheimerfunds.com/fund/InstitutionalMoneyMarketFund
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

During the period shown, the highest return for a calendar quarter was 1.34% (3rd Qtr 07) and the lowest return was 0.04% (2nd & 3rd Qtr 11). For the period from January 1, 2012 to June 30, 2012 the cumulative return before taxes was 0.11%.

Performance Table Heading rr_PerformanceTableHeading

Average Annual Total Returns for the periods ended December 31, 2011

Performance Table Closing [Text Block] rr_PerformanceTableClosingTextBlock

The Fund's performance reflects reinvestment of all dividends and capital gains distributions.

(Oppenheimer Institutional Money Market Fund) | Class E
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.01%
Total Annual Operating Expenses rr_ExpensesOverAssets 0.11%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.11%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 11
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 36
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 62
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 141
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 11
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 36
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 62
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 141
Annual Return 2007 rr_AnnualReturn2007 5.36%
Annual Return 2008 rr_AnnualReturn2008 3.14%
Annual Return 2009 rr_AnnualReturn2009 0.58%
Annual Return 2010 rr_AnnualReturn2010 0.23%
Annual Return 2011 rr_AnnualReturn2011 0.18%
Year to Date Return, Label rr_YearToDateReturnLabel For the period from January 1, 2012 to June 30, 2012 the cumulative return before taxes was 0.11%.
Bar Chart, Year to Date Return, Date rr_BarChartYearToDateReturnDate Jun. 30, 2012
Bar Chart, Year to Date Return rr_BarChartYearToDateReturn 0.11%
Highest Quarterly Return, Label rr_HighestQuarterlyReturnLabel highest return for a calendar quarter was 1.34% (3rd Qtr 07)
Highest Quarterly Return rr_BarChartHighestQuarterlyReturn 1.34%
Lowest Quarterly Return, Label rr_LowestQuarterlyReturnLabel lowest return was 0.04% (2nd & 3rd Qtr 11)
Lowest Quarterly Return rr_BarChartLowestQuarterlyReturn 0.04%
1 Year rr_AverageAnnualReturnYear01 0.18%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 1.88%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 2.04%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 03, 2006
(Oppenheimer Institutional Money Market Fund) | Class L
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.07%
Total Annual Operating Expenses rr_ExpensesOverAssets 0.17%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets none [1]
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.17%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 17
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 55
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 96
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 217
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 17
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 55
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 96
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 217
1 Year rr_AverageAnnualReturnYear01 0.12%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 1.86%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 2.03%
Inception Date rr_AverageAnnualReturnInceptionDate Oct. 03, 2006
(Oppenheimer Institutional Money Market Fund) | Class P
 
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.10%
Distribution and/or Service (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.05%
Total Annual Operating Expenses rr_ExpensesOverAssets 0.40%
Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.20%) [1]
Total Annual Fund Operating Expenses after Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.20%
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 21
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 108
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 205
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 487
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 21
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 108
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 205
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 487
1 Year rr_AverageAnnualReturnYear01 0.08%
5 Years (or life of class, if less) rr_AverageAnnualReturnYear05 1.51%
10 Years (or life of class, if less) rr_AverageAnnualReturnYear10 1.51%
Inception Date rr_AverageAnnualReturnInceptionDate May 21, 2007
[1] The Fund's distributor has voluntarily undertaken to waive the fees payable under the Service Plan for Class P shares so that those fees are limited to 0.05% of the average annual net assets of Class P shares of the Fund. This voluntary waiver may not be amended or withdrawn until one year from the date of this prospectus.
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