0001005020
vot:S000031600Member
2011-02-01
2012-01-31
0001005020
2011-02-01
2012-01-31
<font style="font-family:Times New Roman" size="2">The U.S. Equity allocation may be invested in ETFs and/or securities representing the primary sectors of the S&P 500<font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">®</sup></font> Index. The primary sectors of the S&P 500<font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">®</sup></font> Index are: consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, technology, and utilities. The International Equity allocation may be invested in ETFs and/or securities representing both developed markets (EAFE) and emerging markets. The Fixed Income allocation may be invested in ETFs and/or securities representing fixed income sectors including: high yield, investment grade corporate, mortgages, intermediate treasuries and inflation-protected treasuries (TIPS). The Alternative allocation may be invested in ETFs and/or securities representing gold, real estate and broad-based equity securities. The fund may also invest in stocks (without restriction as to market capitalization), bonds (without restriction as to credit quality) and short-term securities. The fund may invest in a basket of securities to represent a sector if it determines that investment in the ETF for that sector is not feasible or otherwise not in the best interest of the fund. The fund may also deviate from a model allocation if it is determined that tracking the model allocation is likely to violate applicable legal or regulatory restrictions or otherwise result in adverse consequences for the fund. In times of market weakness, the fund has the ability to move partially or fully to short-term cash equivalents. </font>
2012-01-31
2012-06-21
2012-06-21
2011-09-30
false
VIRTUS OPPORTUNITIES TRUST
0001005020
Other
<p style="margin-top:0px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="3"><b>Virtus Allocator Premium AlphaSector<font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">SM</sup></font><font style="font-family:Times New Roman" size="3"> Fund, </font></b></font></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="3"><b>a series of Virtus Opportunities Trust </b></font></p> <p style="margin-top:12px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="3">Supplement dated June 21, 2012 to the </font></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="3">Prospectuses dated January 31, 2012, as supplemented </font></p> <p style="margin-top:14px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2"><b>I<small>MPORTANT</small> N<small>OTICE</small> <small>TO</small> I<small>NVESTORS</small> </b></font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">The following disclosure hereby replaces the disclosure under “Principal Investment Strategies” in the fund’s Summary Prospectus and the summary section of its Statutory Prospectus, and as described in the second paragraph under “Principal Investment Strategies” in its Statutory Prospectus: </font></p> <p style="margin-top:12px;margin-bottom:0px; margin-left:4%;padding-bottom:0px;"><font style="font-family:Times New Roman" size="2">The U.S. Equity allocation may be invested in ETFs and/or securities representing the primary sectors of the S&P 500<font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">®</sup></font> Index. The primary sectors of the S&P 500<font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">®</sup></font> Index are: consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, technology, and utilities. The International Equity allocation may be invested in ETFs and/or securities representing both developed markets (EAFE) and emerging markets. The Fixed Income allocation may be invested in ETFs and/or securities representing fixed income sectors including: high yield, investment grade corporate, mortgages, intermediate treasuries and inflation-protected treasuries (TIPS). The Alternative allocation may be invested in ETFs and/or securities representing gold, real estate and broad-based equity securities. The fund may also invest in stocks (without restriction as to market capitalization), bonds (without restriction as to credit quality) and short-term securities. The fund may invest in a basket of securities to represent a sector if it determines that investment in the ETF for that sector is not feasible or otherwise not in the best interest of the fund. The fund may also deviate from a model allocation if it is determined that tracking the model allocation is likely to violate applicable legal or regulatory restrictions or otherwise result in adverse consequences for the fund. In times of market weakness, the fund has the ability to move partially or fully to short-term cash equivalents. </font></p><p style="margin-top:24px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="2"><b>Investors should retain this supplement with the Prospectuses for future reference. </b></font></p>
<p style="margin-top:0px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="3"><b>Virtus Allocator Premium AlphaSector<font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">SM</sup></font><font style="font-family:Times New Roman" size="3"> Fund, </font></b></font></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="3"><b>a series of Virtus Opportunities Trust </b></font></p> <p style="margin-top:12px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="3">Supplement dated June 21, 2012 to the </font></p> <p style="margin-top:0px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="3">Prospectuses dated January 31, 2012, as supplemented </font></p> <p style="margin-top:14px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2"><b>I<small>MPORTANT</small> N<small>OTICE</small> <small>TO</small> I<small>NVESTORS</small> </b></font></p> <p style="margin-top:12px;margin-bottom:0px"><font style="font-family:Times New Roman" size="2">The following disclosure hereby replaces the disclosure under “Principal Investment Strategies” in the fund’s Summary Prospectus and the summary section of its Statutory Prospectus, and as described in the second paragraph under “Principal Investment Strategies” in its Statutory Prospectus: </font></p> <p style="margin-top:12px;margin-bottom:0px; margin-left:4%;padding-bottom:0px;"><font style="font-family:Times New Roman" size="2">The U.S. Equity allocation may be invested in ETFs and/or securities representing the primary sectors of the S&P 500<font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">®</sup></font> Index. The primary sectors of the S&P 500<font style="font-family:Times New Roman" size="1"><sup style="vertical-align:baseline; position:relative; bottom:.8ex">®</sup></font> Index are: consumer discretionary, consumer staples, energy, financials, healthcare, industrials, materials, technology, and utilities. The International Equity allocation may be invested in ETFs and/or securities representing both developed markets (EAFE) and emerging markets. The Fixed Income allocation may be invested in ETFs and/or securities representing fixed income sectors including: high yield, investment grade corporate, mortgages, intermediate treasuries and inflation-protected treasuries (TIPS). The Alternative allocation may be invested in ETFs and/or securities representing gold, real estate and broad-based equity securities. The fund may also invest in stocks (without restriction as to market capitalization), bonds (without restriction as to credit quality) and short-term securities. The fund may invest in a basket of securities to represent a sector if it determines that investment in the ETF for that sector is not feasible or otherwise not in the best interest of the fund. The fund may also deviate from a model allocation if it is determined that tracking the model allocation is likely to violate applicable legal or regulatory restrictions or otherwise result in adverse consequences for the fund. In times of market weakness, the fund has the ability to move partially or fully to short-term cash equivalents. </font></p><p style="margin-top:24px;margin-bottom:0px" align="center"><font style="font-family:Times New Roman" size="2"><b>Investors should retain this supplement with the Prospectuses for future reference. </b></font></p>