0000930413-23-002225.txt : 20230928 0000930413-23-002225.hdr.sgml : 20230928 20230928162046 ACCESSION NUMBER: 0000930413-23-002225 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20230928 DATE AS OF CHANGE: 20230928 EFFECTIVENESS DATE: 20230928 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIRTUS ALTERNATIVE SOLUTIONS TRUST CENTRAL INDEX KEY: 0001589756 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 1031 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-191940 FILM NUMBER: 231289959 BUSINESS ADDRESS: STREET 1: 101 MUNSON STREET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: 860.263.4790 MAIL ADDRESS: STREET 1: ONE FINANCIAL PLAZA STREET 2: 26TH FLOOR CITY: HARTFORD STATE: CT ZIP: 06103 FORMER COMPANY: FORMER CONFORMED NAME: VIRTUS ALTERNATIVE SOLUTIONS FUNDS DATE OF NAME CHANGE: 20140204 FORMER COMPANY: FORMER CONFORMED NAME: VIRTUS ALTERNATIVES TRUST I DATE OF NAME CHANGE: 20131022 FILER: COMPANY DATA: COMPANY CONFORMED NAME: MERGER FUND CENTRAL INDEX KEY: 0000701804 IRS NUMBER: 146117490 STATE OF INCORPORATION: MA FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-76969 FILM NUMBER: 231289961 BUSINESS ADDRESS: STREET 1: 101 MUNSON STREET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: 800-243-1574 MAIL ADDRESS: STREET 1: ONE FINANCIAL PLAZA STREET 2: 26TH FLOOR CITY: HARTFORD STATE: CT ZIP: 06103 FORMER COMPANY: FORMER CONFORMED NAME: AYCO FUND DATE OF NAME CHANGE: 19890223 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Virtus Investment Trust CENTRAL INDEX KEY: 0000867297 IRS NUMBER: 330457728 STATE OF INCORPORATION: MA FISCAL YEAR END: 0630 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-36528 FILM NUMBER: 231289964 BUSINESS ADDRESS: STREET 1: 101 MUNSON STEET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: 800-243-1574 MAIL ADDRESS: STREET 1: ONE FINANCIAL PLAZA STREET 2: 26TH FLOOR CITY: HARTFORD STATE: CT ZIP: 06103 FORMER COMPANY: FORMER CONFORMED NAME: ALLIANZ FUNDS DATE OF NAME CHANGE: 20050330 FORMER COMPANY: FORMER CONFORMED NAME: PIMCO FUNDS MULTI MANAGER SERIES DATE OF NAME CHANGE: 19970626 FORMER COMPANY: FORMER CONFORMED NAME: PIMCO FUNDS EQUITY ADVISORS SERIES DATE OF NAME CHANGE: 19960227 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIRTUS ASSET TRUST CENTRAL INDEX KEY: 0001018593 IRS NUMBER: 956981193 STATE OF INCORPORATION: DE FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-08045 FILM NUMBER: 231289966 BUSINESS ADDRESS: STREET 1: 101 MUNSON STREET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: (800) 243-4361 MAIL ADDRESS: STREET 1: ONE FINANCIAL PLAZA STREET 2: 26TH FLOOR CITY: HARTFORD STATE: CT ZIP: 06103 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX ASSET TRUST DATE OF NAME CHANGE: 20060523 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX-KAYNE FUNDS DATE OF NAME CHANGE: 20021223 FORMER COMPANY: FORMER CONFORMED NAME: KAYNE ANDERSON RUDNICK MUTUAL FUNDS DATE OF NAME CHANGE: 20010226 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Virtus Strategy Trust CENTRAL INDEX KEY: 0001423227 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-148624 FILM NUMBER: 231289962 BUSINESS ADDRESS: STREET 1: 101 MUNSON STEET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: 800-243-1574 MAIL ADDRESS: STREET 1: ONE FINANCIAL PLAZA STREET 2: 26TH FLOOR CITY: HARTFORD STATE: CT ZIP: 06103 FORMER COMPANY: FORMER CONFORMED NAME: Allianz Funds Multi-Strategy Trust DATE OF NAME CHANGE: 20080109 FILER: COMPANY DATA: COMPANY CONFORMED NAME: Virtus Event Opportunities Trust CENTRAL INDEX KEY: 0001572617 IRS NUMBER: 000000000 STATE OF INCORPORATION: MA FISCAL YEAR END: 1231 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 333-187583 FILM NUMBER: 231289960 BUSINESS ADDRESS: STREET 1: 101 MUNSON STREET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: 800-243-1574 MAIL ADDRESS: STREET 1: ONE FINANCIAL PLAZA STREET 2: 26TH FLOOR CITY: HARTFORD STATE: CT ZIP: 06103 FORMER COMPANY: FORMER CONFORMED NAME: Westchester Capital Funds DATE OF NAME CHANGE: 20130320 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIRTUS EQUITY TRUST CENTRAL INDEX KEY: 0000034273 IRS NUMBER: 036066130 STATE OF INCORPORATION: DE FISCAL YEAR END: 0331 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 002-16590 FILM NUMBER: 231289965 BUSINESS ADDRESS: STREET 1: 101 MUNSON STEET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: 800-243-1574 MAIL ADDRESS: STREET 1: ONE FINANCIAL PLAZA STREET 2: 26TH FLOOR CITY: HARTFORD STATE: CT ZIP: 06103 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX EQUITY TRUST DATE OF NAME CHANGE: 20040628 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX ABERDEEN WORLDWIDE OPPORTUNITIES FUND DATE OF NAME CHANGE: 19981215 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX WORLDWIDE OPPORTUNITIES FUND DATE OF NAME CHANGE: 19940505 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIRTUS OPPORTUNITIES TRUST CENTRAL INDEX KEY: 0001005020 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-65137 FILM NUMBER: 231289963 BUSINESS ADDRESS: STREET 1: 101 MUNSON STREET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: 800-243-1574 MAIL ADDRESS: STREET 1: ONE FINANCIAL PLAZA STREET 2: 26TH FLOOR CITY: HARTFORD STATE: CT ZIP: 06103 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX OPPORTUNITIES TRUST DATE OF NAME CHANGE: 20060127 FORMER COMPANY: FORMER CONFORMED NAME: PHOENIX SENECA FUNDS DATE OF NAME CHANGE: 19990122 FORMER COMPANY: FORMER CONFORMED NAME: SENECA FUNDS DATE OF NAME CHANGE: 19951218 0000034273 S000001386 Virtus KAR Global Quality Dividend Fund C000003700 CLASS A PPTAX C000003701 CLASS C PPTCX C000067139 Class I PIPTX C000215020 Class R6 VGQRX 0000034273 S000021170 Virtus KAR Small-Cap Growth Fund C000060263 Class A PSGAX C000060264 Class C PSGCX C000060265 Class I PXSGX C000199780 Class R6 VRSGX 0000034273 S000021172 Virtus KAR Small-Cap Core Fund C000060269 Class A PKSAX C000060271 Class C PKSCX C000060272 Class I PKSFX C000148845 Class R6 VSCRX 0000034273 S000021173 Virtus KAR Capital Growth Fund C000060273 Class A PSTAX C000060275 Class C SSTFX C000060276 Class I PLXGX C000199781 Class R6 VCGRX 0000034273 S000021177 Virtus KAR Equity Income Fund C000060285 Class A PDIAX C000060287 Class C PGICX C000060288 Class I PXIIX C000199782 Class R6 VECRX 0000034273 S000021179 VIRTUS TACTICAL ALLOCATION FUND C000060291 Class A NAINX C000060293 Class C POICX C000211088 Class I VTAIX C000224195 Class R6 VTARX 0000034273 S000021180 Virtus KAR Mid-Cap Growth Fund C000060294 Class A PHSKX C000060296 Class C PSKCX C000060297 Class I PICMX C000199783 Class R6 VRMGX 0000034273 S000021181 Virtus KAR Small-Cap Value Fund C000060298 Class A PQSAX C000060299 Class C PQSCX C000060300 Class I PXQSX C000176670 Class R6 VQSRX 0000034273 S000025925 Virtus KAR Mid-Cap Core Fund C000077895 Class A VMACX C000077896 Class C VMCCX C000077897 Class I VIMCX C000199784 Class R6 VRMCX 0000034273 S000061485 Virtus KAR Small-Mid Cap Core Fund C000199118 Class A VKSAX C000199119 Class C VKSCX C000199120 Class I VKSIX C000199121 Class R6 VKSRX 0000034273 S000064774 Virtus SGA Global Growth Fund C000209768 Class I SGAPX C000209769 Class R6 SGARX C000209770 Class A SGAAX C000209771 Class C SGACX 0000034273 S000065704 Virtus SGA Emerging Markets Growth Fund C000212523 Class R6 VESRX C000212524 Class A VAEGX C000212525 Class C VCEGX C000212526 Class I VIEGX 0000034273 S000070005 Virtus SGA New Leaders Growth Fund C000222901 Class R6 VNLRX C000222902 Class A VNLAX C000222903 Class C VNLCX C000222904 Class I VNLIX 0000034273 S000070232 Virtus KAR Small-Mid Cap Growth Fund C000223336 Class C VCKSX C000223337 Class I VIKSX C000223338 Class R6 VRKSX C000223339 Class A VAKSX 0000034273 S000072656 Virtus KAR Small-Mid Cap Value Fund C000229069 Class R6 VKSGX C000229070 Class A VKSDX C000229071 Class C VKSEX C000229072 Class I VKSFX 0000701804 S000005158 The Merger Fund C000014124 Class A MERFX C000129310 Class I MERIX 0000867297 S000007963 Virtus NFJ Dividend Value Fund C000021604 Administrative ANDAX C000021605 A PNEAX C000021607 C PNECX C000021609 Institutional NFJEX C000066127 P ADJPX C000135573 R6 ANDVX 0000867297 S000007964 Virtus NFJ International Value Fund C000021611 A AFJAX C000021612 C AFJCX C000021614 Institutional ANJIX C000066128 P AFVPX C000073581 Administrative AIVAX C000135574 R6 ANAVX 0000867297 S000007965 Virtus NFJ Large-Cap Value Fund C000021616 A PNBAX C000021618 C PNBCX C000021620 Institutional ANVIX C000034186 Administrative ALNFX C000066129 P ALCPX C000204677 R6 VAAGX 0000867297 S000007966 Virtus NFJ Small-Cap Value Fund C000021621 A PCVAX C000021622 Administrative PVADX C000021624 C PCVCX C000021626 Institutional PSVIX C000066130 P ASVPX C000135575 R6 ANFVX 0000867297 S000007968 Virtus NFJ Mid-Cap Value Fund C000021632 A PQNAX C000021633 Administrative PRAAX C000021635 C PQNCX C000021637 Institutional PRNIX C000098087 P ANRPX C000196957 Class R6 ANPRX 0000867297 S000007971 Virtus Silvant Focused Growth Fund C000021653 A PGWAX C000021654 Administrative PGFAX C000021656 C PGWCX C000021658 Institutional PGFIX C000066132 P AOGPX C000164304 R6 AFGFX 0000867297 S000007977 Virtus KAR Health Sciences Fund C000021683 A RAGHX C000021685 C RCGHX C000150255 Institutional Class HLHIX C000220799 P AAAEX 0000867297 S000007979 Virtus KAR Global Small-Cap Fund C000021688 A RGSAX C000021690 C RGSCX C000021692 Institutional DGSCX C000066137 P ARSPX 0000867297 S000007980 Virtus Zevenbergen Technology Fund C000021693 A RAGTX C000021694 Administrative DGTAX C000021696 C RCGTX C000021698 Institutional DRGTX C000066138 P ARTPX 0000867297 S000007984 Virtus Silvant Mid-Cap Growth Fund C000021714 A RMDAX C000021715 Administrative DRMAX C000021717 C RMDCX C000021719 Institutional DRMCX C000111282 Class P ARMPX 0000867297 S000012942 Virtus Emerging Markets Opportunities Fund C000034948 A AOTAX C000034949 C AOTCX C000034951 Institutional AOTIX C000066149 P AEMPX C000164305 R6 AEMOX 0000867297 S000015823 Virtus Income & Growth Fund C000043488 Class A AZNAX C000043489 Class C AZNCX C000043491 Institutional Class AZNIX C000066151 P AIGPX 0000867297 S000041383 Virtus Small-Cap Fund C000128360 Class A AZBAX C000128361 Class C AZBCX C000128362 Institutional Class AZBIX C000128363 Class P AZBPX C000164306 R6 ASCFX 0001005020 S000001336 Virtus Newfleet Core Plus Bond Fund C000003572 CLASS A SAVAX C000003574 CLASS C SAVCX C000003575 CLASS I SAVYX C000176707 Class R6 VBFRX 0001005020 S000018002 Virtus Duff & Phelps Real Estate Securities Fund C000049901 Class A PHRAX C000049903 Class C PHRCX C000049904 Class I PHRIX C000148854 Class R6 VRREX 0001005020 S000018005 Virtus Newfleet High Yield Fund C000049912 Class C PGHCX C000049913 Class A PHCHX C000119169 Class I PHCIX C000176708 Class R6 VRHYX 0001005020 S000018007 Virtus Newfleet Multi-Sector Intermediate Bond Fund C000049915 Class A NAMFX C000049917 Class C NCMFX C000081781 Class I VMFIX C000148855 Class R6 VMFRX 0001005020 S000018008 Virtus Newfleet Multi-Sector Short Term Bond Fund C000049918 Class A NARAX C000049920 Class C PSTCX C000049921 Class C1 PMSTX C000066828 Class I PIMSX C000176709 Class R6 VMSSX 0001005020 S000018009 Virtus Duff & Phelps Global Infrastructure Fund C000049922 Class A PGUAX C000049923 Class C PGUCX C000066829 Class I PGIUX C000199804 Class R6 VGIRX 0001005020 S000018969 Virtus Vontobel Foreign Opportunities Fund C000052519 Class A JVIAX C000052520 Class C JVICX C000052521 Class I JVXIX C000148857 Class R6 VFOPX 0001005020 S000018970 Virtus Duff & Phelps International Real Estate Securities Fund C000052522 Class A PXRAX C000052523 Class C PXRCX C000052524 Class I PXRIX 0001005020 S000018972 Virtus Vontobel Global Opportunities Fund C000052528 Class A NWWOX C000052530 Class C WWOCX C000119170 Class I WWOIX C000199805 Class R6 VRGOX 0001005020 S000018976 Virtus Duff & Phelps Real Asset Fund C000052537 Class A PDPAX C000052538 Class C PDPCX C000081785 Class I VADIX C000235246 Class R6 VAABX 0001005020 S000020772 Virtus Newfleet Senior Floating Rate Fund C000058006 Class A PSFRX C000058007 Class C PFSRX C000058008 Class I PSFIX C000176710 Class R6 VRSFX 0001005020 S000025108 Virtus Duff & Phelps Global Real Estate Securities Fund C000074732 Class A VGSAX C000074733 Class C VGSCX C000074734 Class I VGISX C000176711 Class R6 VRGEX 0001005020 S000025110 Virtus Vontobel Greater European Opportunities Fund C000074738 Class A VGEAX C000074739 Class C VGECX C000074740 Class I VGEIX 0001005020 S000038118 Virtus KAR International Small-Mid Cap Fund C000117511 Class A VISAX C000117512 Class C VCISX C000117513 Class I VIISX C000148859 Class R6 VRISX 0001005020 S000042963 Virtus KAR Emerging Markets Small-Cap Fund C000133101 Class A VAESX C000133102 Class C VCESX C000133103 Class I VIESX C000215024 Class R6 VRESX 0001005020 S000055178 Virtus Vontobel Emerging Markets Opportunities Fund C000173499 Class A HEMZX C000173500 Class C PICEX C000173501 Class I HIEMX C000173502 Class R6 VREMX 0001005020 S000055179 Virtus Newfleet Low Duration Core Plus Bond Fund C000173503 Class A HIMZX C000173504 Class C PCMZX C000173505 Class I HIBIX C000210350 Class R6 VLDRX 0001005020 S000055180 Virtus Seix Tax-Exempt Bond Fund C000173506 Class I HXBIX C000173507 Class A HXBZX C000173508 Class C PXCZX 0001005020 S000072168 Virtus KAR Developing Markets Fund C000227964 Class C VDMCX C000227965 Class I VIDMX C000227966 Class R6 VDMRX C000227967 Class A VDMAX 0001018593 S000057022 Virtus Ceredex Large-Cap Value Equity Fund C000181155 Class A SVIIX C000181156 Class C SVIFX C000181157 Class I STVTX C000181158 Class R6 STVZX 0001018593 S000057023 Virtus Seix High Grade Municipal Bond Fund C000181160 Class A SFLTX C000181161 Class I SCFTX 0001018593 S000057024 Virtus Seix High Income Fund C000181163 Class A SAHIX C000181164 Class I STHTX C000181165 Class R6 STHZX 0001018593 S000057025 Virtus Seix High Yield Fund C000181168 Class A HYPSX C000181169 Class I SAMHX C000181170 Class R6 HYIZX 0001018593 S000057026 Virtus Seix Investment Grade Tax-Exempt Bond Fund C000181173 Class A SISIX C000181174 Class I STTBX 0001018593 S000057031 Virtus Seix Total Return Bond Fund C000181187 Class A CBPSX C000181188 Class I SAMFX C000181189 Class R6 SAMZX 0001018593 S000057032 Virtus Seix U.S. Government Securities Ultra-Short Bond Fund C000181192 Class I SIGVX C000181193 Class R6 SIGZX C000203236 Class A SSAGX 0001018593 S000057033 Virtus Ceredex Mid-Cap Value Equity Fund C000181196 Class A SAMVX C000181197 Class C SMVFX C000181198 Class I SMVTX C000181199 Class R6 SMVZX 0001018593 S000057035 Virtus Seix Ultra-Short Bond Fund C000181204 Class I SISSX C000203237 Class A SASSX 0001018593 S000057037 Virtus Silvant Large-Cap Growth Stock Fund C000181209 Class A STCIX C000181211 Class I STCAX C000181212 Class R6 STCZX 0001018593 S000057039 Virtus SGA International Growth Fund C000181219 Class A SCIIX C000181220 Class I STITX C000181221 Class R6 SCIZX 0001018593 S000057040 Virtus Zevenbergen Innovative Growth Stock Fund C000181224 Class A SAGAX C000181225 Class I SCATX C000224214 Class R6 VZGRX 0001018593 S000057041 Virtus Ceredex Small-Cap Value Equity Fund C000181226 Class A SASVX C000181227 Class C STCEX C000181228 Class I SCETX C000211610 Class R6 VVERX 0001018593 S000057044 Virtus Seix Core Bond Fund C000181238 Class A STGIX C000181239 Class I STIGX C000181240 Class R6 STGZX 0001018593 S000057045 Virtus Seix Corporate Bond Fund C000181243 Class A SAINX C000181244 Class C STIFX C000181245 Class I STICX C000224215 Class R6 VRSBX 0001018593 S000057046 Virtus Seix Floating Rate High Income Fund C000181247 Class A SFRAX C000181248 Class C SFRCX C000181249 Class I SAMBX C000181250 Class R6 SFRZX 0001423227 S000021463 Virtus Duff & Phelps Water Fund C000061366 Class A AWTAX C000061367 Class C AWTCX C000061369 Class P AWTPX C000066034 Institutional Class AWTIX 0001423227 S000025374 Virtus Global Allocation Fund C000075793 Class C PALCX C000075795 Class P AGAPX C000075797 Institutional Class PALLX C000075798 Administrative Class AGAMX C000075799 Class A PALAX C000160541 Class R6 AGASX 0001423227 S000028359 Virtus Convertible Fund C000086658 Class A ANZAX C000086659 Class C ANZCX C000086661 Institutional Class ANNPX C000086662 Class P ANCMX C000086663 Administrative Class ANNAX C000235255 Class R6 VAADX 0001423227 S000028360 Virtus Seix High Yield Income Fund C000086666 Institutional Class AYBIX C000086667 Class P AYBPX C000086668 Administrative Class AYBVX C000086670 Class A AYBAX C000086671 Class C AYBCX 0001423227 S000028361 Virtus International Small-Cap Fund C000086672 Class A AOPAX C000086673 Class C AOPCX C000086675 Institutional Class ALOIX C000086676 Class P ALOPX C000165874 Class R6 AIISX 0001423227 S000033713 Virtus Newfleet Short Duration High Income Fund C000103876 Class A ASHAX C000103877 Class C ASHCX C000103878 Institutional Class ASHIX C000103879 Class P ASHPX C000177646 Class R6 ASHSX 0001423227 S000038497 Virtus NFJ Emerging Markets Value Fund C000118780 Institutional Class AZMIX C000118781 Class P AZMPX C000118783 Class A AZMAX C000118784 Class C AZMCX 0001423227 S000047250 Virtus NFJ Global Sustainability Fund C000148056 Class A ASUAX C000148057 Institutional Class ASTNX C000148058 Class P ASTPX 0001572617 S000040968 Virtus Westchester Event-Driven Fund C000127094 Class A WCERX C000127095 Class I WCEIX 0001572617 S000059351 Virtus Westchester Credit Event Fund C000194735 Class I WCFIX C000194736 Class A WCFRX 0001589756 S000050625 Virtus Duff & Phelps Select MLP and Energy Fund C000159801 Class A VLPAX C000159802 Class C VLPCX C000159803 Class I VLPIX 0001589756 S000063645 Virtus KAR Long/Short Equity Fund C000206130 Class R6 VLSRX C000206132 Class A VLSAX C000206133 Class C VLSCX C000206134 Class I VLSIX 0001589756 S000079777 Virtus AlphaSimplex Global Alternatives Fund C000241131 Class C GAFCX C000241132 Class I GAFYX C000241133 Class R6 GAFNX C000241134 Class A GAFAX 0001589756 S000079778 Virtus AlphaSimplex Managed Futures Strategy Fund C000241135 Class R6 AMFNX C000241136 Class A AMFAX C000241137 Class C ASFCX C000241138 Class I ASFYX 497 1 c107071_497.htm

The Merger Fund®

Supplement dated September 28, 2023 to the Statutory Prospectus, dated April 28, 2023

Virtus Asset Trust

Virtus Event Opportunities Trust

Supplement dated September 28, 2023 to the Statutory Prospectuses dated
April 28, 2023, as supplemented

Virtus Alternative Solutions Trust

Supplement dated September 28, 2023 to the Statutory Prospectus pertaining to Virtus Duff & Phelps Select MLP and Energy Fund and Virtus KAR Long/Short Equity Fund dated February 28, 2023

Virtus Alternative Solutions Trust

Supplement dated September 28, 2023 to the Statutory Prospectus pertaining to Virtus AlphaSimplex Global Alternatives Fund and Virtus AlphaSimplex Managed Futures Strategy Fund
dated May 12, 2023, as supplemented

Virtus Equity Trust

Supplement dated September 28, 2023 to the Statutory Prospectus, dated January 27, 2023,
as revised May 8, 2023, as supplemented

Virtus Investment Trust

Supplement dated September 28, 2023 to the Statutory Prospectus,

dated October 28, 2022, as supplemented

 

Virtus Opportunities Trust

Virtus Strategy Trust

Supplement dated September 28, 2023 to the Statutory Prospectuses pertaining to all series of Virtus Strategy Trust and to all series of Virtus Opportunities Trust other than Virtus Stone Harbor Emerging Markets Bond Fund, Virtus Stone Harbor Emerging Markets Debt Allocation Fund, Virtus Stone Harbor Emerging Markets Debt Income Fund, Virtus Stone Harbor High Yield Bond Fund, Virtus Stone Harbor Local Markets Fund and Virtus Stone Harbor Strategic Income Fund, each dated January 27, 2023, as supplemented

 

Important Notice

 

Effective September 29, 2023, the Appendix A section titled “Intermediary Sales Charge Discounts and Waivers” is hereby replaced in its entirety with the following:

 

Specific intermediaries may have different policies and procedures regarding the availability of front-end sales load waivers or CDSC waivers, which are discussed below. In all instances, it is the purchaser’s responsibility to notify the fund or the purchaser’s financial intermediary at the time of purchase of any relationship or other facts qualifying the purchaser for sales charge waivers or discounts. For waivers and discounts not available through a particular intermediary, in order to receive these waivers or discounts shareholders will have to purchase fund shares through another intermediary offering such waivers or discounts or directly from the fund if the fund offers such waivers or discounts. Please see the section entitled “Sales Charges – What arrangement is best for you?” for more information on sales charges and waivers available for different classes.

Ameriprise Financial

Class A Shares Front-End Sales Charge Waivers Available at Ameriprise Financial

The following information applies to Class A shares purchases if you have an account with or otherwise purchase fund shares through Ameriprise Financial:

Shareholders purchasing fund shares through an Ameriprise Financial retail brokerage account are eligible for the following front-end sales charge waivers, which may differ from those disclosed elsewhere in this prospectus:

§Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs.

 

 

 

 

§Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the same fund family).
§Shares exchanged from Class C shares of the same fund in the month of or following the 7-year anniversary of the purchase date. To the extent that this prospectus elsewhere provides for a waiver with respect to exchanges of Class C shares or conversion of Class C shares following a shorter holding period, that waiver will apply.
§Employees and registered representatives of Ameriprise Financial or its affiliates and their immediate family members.
§Shares purchased by or through qualified accounts (including IRAs, Coverdell Education Savings Accounts, 401(k)s, 403(b) TSCAs subject to ERISA and defined benefit plans) that are held by a covered family member, defined as an Ameriprise financial advisor and/or the advisor’s spouse, advisor’s lineal ascendant (mother, father, grandmother, grandfather, great grandmother, great grandfather), advisor’s lineal descendant (son, step-son, daughter, step-daughter, grandson, granddaughter, great grandson, great granddaughter) or any spouse of a covered family member who is a lineal descendant.
§Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., Rights of Reinstatement).

Edward D. Jones & Co., L.P. (“Edward Jones”)

Policies Regarding Transactions Through Edward Jones

The following information has been provided by Edward Jones:

Effective February 1, 2021, the following information supersedes prior information with respect to transactions and positions held in fund shares through an Edward Jones system. Clients of Edward Jones (also referred to as “shareholders”) purchasing fund shares on the Edward Jones commission and fee-based platforms are eligible only for the following sales charge discounts (also referred to as “breakpoints”) and waivers, which can differ from discounts and waivers described elsewhere in this prospectus or SAI or through another broker-dealer. In all instances, it is the shareholder’s responsibility to inform Edward Jones at the time of purchase of any relationship, holdings of Virtus Funds, or other facts qualifying the purchaser for discounts or waivers. Edward Jones can ask for documentation of such circumstance. Shareholders should contact Edward Jones if they have questions regarding their eligibility for these discounts and waivers.

Breakpoints, Rights of Accumulation, and/or Letters of Intent

§Breakpoints as described in this prospectus.
§Rights of Accumulation (“ROA”). The applicable sales charge on a purchase of Class A shares is determined by taking into account all share classes (except certain money market funds and any assets held in group retirement plans) of Virtus Funds held by the shareholder or in an account grouped by Edward Jones with other accounts for the purpose of providing certain pricing considerations (“pricing groups”). If grouping assets as a shareholder, this includes all share classes held on the Edward Jones platform and/or held on another platform. The inclusion of eligible fund family assets in the ROA calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. Money market funds are included only if such shares were sold with a sales charge at the time of purchase or acquired in exchange for shares purchased with a sales charge. The employer maintaining a SEP IRA plan and/or SIMPLE IRA plan may elect to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping as opposed to including all share classes at a shareholder or pricing group level. ROA is determined by calculating the higher of cost minus redemptions or market value (current shares x NAV).
§Letter of Intent (“LOI”). Through a LOI, shareholders can receive the sales charge and breakpoint discounts for purchases shareholders intend to make over a 13-month period from the date Edward Jones receives the LOI. The LOI is determined by calculating the higher of cost or market value of qualifying holdings at LOI initiation in combination with the value that the shareholder intends to buy over a 13-month period to calculate the front-end sales charge and any breakpoint discounts. Each purchase the shareholder makes during that 13-month period will receive the sales charge and breakpoint discount that applies to the total amount. The inclusion of eligible fund family assets in the LOI calculation is dependent on the shareholder notifying Edward Jones of such assets at the time of calculation. Purchases made before the LOI is received by Edward Jones are not adjusted under the LOI and will not reduce the sales charge previously paid. Sales charges will be adjusted if LOI is not met. If the employer maintaining a SEP IRA plan and/or SIMPLE IRA plan has elected to establish or change ROA for the IRA accounts associated with the plan to a plan-level grouping, LOIs will also be at the plan-level and may only be established by the employer.

 

 

 

 

Sales Charge Waivers

Sales charges are waived for the following shareholders and in the following situations:

§Associates of Edward Jones and its affiliates and their family members who are in the same pricing group (as determined by Edward Jones under its policies and procedures) as the associate. This waiver will continue for the remainder of the associate’s life if the associate retires from Edward Jones in good-standing and remains in good standing pursuant to Edward Jones’ policies and procedures.
§Shares purchased in an Edward Jones fee-based program.
§Shares purchased through reinvestment of capital gains distributions and dividend reinvestment.
§Shares purchased from the proceeds of redeemed shares of the same fund family so long as the following conditions are met: 1) the proceeds are from the sale of shares within 60 days of the purchase, and 2) the sale and purchase are made in the same share class and the same account or the purchase is made in an individual retirement account with proceeds from liquidations in a non-retirement account.
§Shares exchanged into Class A shares from another share class so long as the exchange is into the same fund and was initiated at the discretion of Edward Jones. Edward Jones is responsible for any remaining CDSC due to the fund company, if applicable. Any future purchases are subject to the applicable sales charge as disclosed in the prospectus.
§Exchanges from Class C shares to Class A shares of the same fund, generally, in the 84th month following the anniversary of the purchase date or earlier at the discretion of Edward Jones.

Contingent Deferred Sales Charges (“CDSC”) Waivers

If the shareholder purchases shares that are subject to a CDSC and those shares are redeemed before the CDSC is expired, the shareholder is responsible to pay the CDSC except in the following conditions:

§Death or disability of the shareholder.
§Systematic withdrawals with up to 10% per year of the account value.
§Return of excess contributions from an Individual Retirement Account (IRA).
§Shares sold as part of a required minimum distribution for IRA and retirement accounts if the redemption is taken in or after the year the shareholder reaches qualified age based on applicable IRS regulations.
§Shares sold to pay Edward Jones fees or costs in such cases where the transaction is initiated by Edward Jones.
§Shares exchanged in an Edward Jones fee-based program.
§Shares acquired through NAV reinstatement.
§Shares redeemed at the discretion of Edward Jones for Minimum Balances, as described below.

Other Important Information Regarding Transactions Through Edward Jones

Minimum Purchase Amounts

§Initial purchase minimum: $250
§Subsequent purchase minimum: none

Minimum Balances

Edward Jones has the right to redeem at its discretion fund holdings with a balance of $250 or less. The following are examples of accounts that are not included in this policy:

§A fee-based account held on an Edward Jones platform.
§A 529 account held on an Edward Jones platform.
§An account with an active systematic investment plan or LOI.

Exchanging Share Classes

§At any time it deems necessary, Edward Jones has the authority to exchange at NAV a shareholder’s holdings in a fund to Class A shares of the same fund.

Janney Montgomery Scott LLC

Effective May 1, 2020, if you purchase fund shares through a Janney Montgomery Scott LLC (“Janney”) brokerage account, you will be eligible for the following load waivers (front-end sales charge waivers and contingent deferred sales charge (“CDSC”), or back-end sales charge, waivers) and discounts, which may differ from those disclosed elsewhere in this fund’s Prospectus or the SAI.

 

 

 

 

Front-end Sales Charge* Waivers on Class A Shares available at Janney

§Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family).
§Shares purchased by employees and registered representatives of Janney or its affiliates and their family members as designated by Janney.
§Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (i.e., right of reinstatement).
§Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans.
§Shares acquired through a right of reinstatement.
§Class C shares that are no longer subject to a contingent deferred sales charge and are converted to Class A shares of the same fund pursuant to Janney’s policies and procedures.

CDSC Waivers on Class A Shares and Class C Shares available at Janney

§Shares sold upon the death or disability of the shareholder.
§Shares sold as part of a systematic withdrawal plan as described in this Prospectus.
§Shares purchased in connection with a return of excess contributions from an IRA account.
§Shares sold as part of a required minimum distribution for IRA and other retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in the fund’s Prospectus.
§Shares sold to pay Janney fees but only if the transaction is initiated by Janney.
§Shares acquired through a right of reinstatement.
§Shares exchanged into the same share class of a different fund.

Front-end Sales Charge* Discounts Available at Janney: Breakpoints, Rights of Accumulation, and/or Letters of Intent

§Breakpoints as described in this prospectus.
§Rights of accumulation (“ROA”), which entitle shareholders to breakpoint discounts, will be automatically calculated based on the aggregated holding of fund family assets held by accounts (including 529 program holdings, where applicable) within the purchaser’s household at Janney. Eligible fund family assets not held at Janney may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets.
§Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Janney Montgomery Scott may be included in the calculation of letters of intent only if the shareholder notifies his or her financial professional about such assets.

*Also referred to as an “initial sales charge.”

J.P. Morgan Securities LLC

Effective September 29, 2023, if you purchase or hold fund shares through an applicable J.P. Morgan Securities LLC brokerage account, you will be eligible for the following sales charge waivers (front-end sales charge waivers and contingent deferred sales charge (“CDSC”), or back-end sales charge, waivers), share class conversion policy and discounts, which may differ from those disclosed elsewhere in these funds’ prospectus or Statement of Additional Information.

Front-end sales charge waivers on Class A shares available at J.P. Morgan Securities LLC

§Shares exchanged from Class C (i.e., level-load) shares that are no longer subject to a CDSC and are exchanged into Class A shares of the same fund pursuant to J.P. Morgan Securities LLC’s share class exchange policy.
§Qualified employer-sponsored defined contribution and defined benefit retirement plans, nonqualified deferred compensation plans, other employee benefit plans and trusts used to fund those plans. For purposes of this provision, such plans do not include SEP IRAs, SIMPLE IRAs, SAR-SEPs or 501(c)(3) accounts.
§Shares of funds purchased through J.P. Morgan Securities LLC Self-Directed Investing accounts.
§Shares purchased through rights of reinstatement.
§Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family).

 

 

 

 

§Shares purchased by employees and registered representatives of J.P. Morgan Securities LLC or its affiliates and their spouse or financial dependent as defined by J.P. Morgan Securities LLC.

Class C to Class A share conversion

§A shareholder in the fund’s Class C shares will have their shares converted by J.P. Morgan Securities LLC to Class A shares (or the appropriate share class) of the same fund if the shares are no longer subject to a CDSC and the conversion is consistent with J.P. Morgan Securities LLC’s policies and procedures.

CDSC waivers on Class A and C shares available at J.P. Morgan Securities LLC

§Shares sold upon the death or disability of the shareholder.
§Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus.
§Shares purchased in connection with a return of excess contributions from an IRA account.
§Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code.
§Shares acquired through a right of reinstatement.

Front-end load discounts available at J.P. Morgan Securities LLC: breakpoints, rights of accumulation & letters of intent

§Breakpoints as described in the prospectus.
§Rights of Accumulation (“ROA”) which entitle shareholders to breakpoint discounts as described in the fund’s prospectus will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at J.P. Morgan Securities LLC. Eligible fund family assets not held at J.P. Morgan Securities LLC (including 529 program holdings, where applicable) may be included in the ROA calculation only if the shareholder notifies their financial advisor about such assets.
§Letters of Intent (“LOI”) which allow for breakpoint discounts based on anticipated purchases within a fund family, through J.P. Morgan Securities LLC, over a 13-month period of time (if applicable).

Merrill Lynch

Shareholders purchasing fund shares through a Merrill Lynch platform or account will be eligible only for the following load waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this prospectus or the SAI.

Front-end Sales Load Waivers on Class A Shares available at Merrill Lynch

§Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan.
§Shares purchased by or through a 529 Plan (does not include 529 Plan units or 529-specific share classes or equivalents).
§Shares purchased through a Merrill Lynch affiliated investment advisory program.
§Shares exchanged due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers.
§Shares purchased by third party investment professionals on behalf of their advisory clients through Merrill Lynch’s platform.
§Shares of funds purchased through the Merrill Edge Self-Directed platform.
§Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family).
§Shares exchanged from Class C (i.e., level-load) shares of the same fund pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers.
§Employees and registered representatives of Merrill Lynch or its affiliates and their family members.
§Directors or Trustees of the fund, and employees of the fund’s investment adviser or any of its affiliates, as described in this prospectus.
§Eligible shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement).

 

 

 

 

Automated transactions (i.e., systematic purchases and withdrawals) and purchases made after shares are automatically sold to pay Merrill Lynch’s account maintenance fees are not eligible for reinstatement.

CDSC Waivers on Class A Shares and Class C Shares available at Merrill Lynch

§Death or disability of the shareholder.
§Shares sold as part of a systematic withdrawal plan as described in the fund’s prospectus.
§Return of excess contributions from an IRA account.
§Shares sold as part of a required minimum distribution for IRA and retirement accounts pursuant to the Internal Revenue Code.
§Shares sold to pay Merrill Lynch fees but only if the transaction is initiated by Merrill Lynch.
§Shares acquired through a right of reinstatement.
§Shares held in retirement brokerage accounts that are exchanged for a lower cost share class due to transfer to certain fee based accounts or platforms (applicable to A and C shares only).
§Shares received through an exchange due to the holdings moving from a Merrill Lynch affiliated investment advisory program to a Merrill Lynch brokerage (non-advisory) account pursuant to Merrill Lynch’s policies relating to sales load discounts and waivers.

Front-end Load Discounts on Class A Shares Available at Merrill Lynch: Breakpoints, Rights of Accumulation & Letters of Intent

§Breakpoints as described in this prospectus.
§Rights of Accumulation (ROA) which entitle shareholders to breakpoint discounts as described in this prospectus will be automatically calculated based on the aggregated holding of fund family assets held by accounts (including 529 program holdings, where applicable) within the purchaser’s household at Merrill Lynch. Eligible fund family assets not held at Merrill Lynch may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets.
§Letters of Intent (LOI) which allow for breakpoint discounts based on anticipated purchases within a fund family, through Merrill Lynch, over a 13-month period of time.

Morgan Stanley

Effective July 1, 2018, shareholders purchasing fund shares through a Morgan Stanley Wealth Management transactional brokerage account will be eligible only for the following front-end sales charge waivers with respect to Class A shares, which may differ from and may be more limited than those disclosed elsewhere in this prospectus or the SAI.

Front-end Sales Charge Waivers on Class A Shares available at Morgan Stanley Wealth Management

§Employer-sponsored retirement plans (e.g., 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans). For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs, SAR-SEPs or Keogh plans.
§Morgan Stanley employee and employee-related accounts according to Morgan Stanley’s account linking rules.
§Shares purchased through reinvestment of dividends and capital gains distributions when purchasing shares of the same fund.
§Shares purchased through a Morgan Stanley self-directed brokerage account.
§Class C (i.e., level-load) Shares that are no longer subject to a contingent deferred sales charge and are converted to Class A Shares of the same fund pursuant to Morgan Stanley Wealth Management’s share class conversion program.
§Shares purchased from the proceeds of redemptions within the same fund family, provided (i) the repurchase occurs within 90 days following the redemption, (ii) the redemption and purchase occur in the same account, and (iii) redeemed shares were subject to a front-end or deferred sales charge.

Oppenheimer & Co. Inc. (“OPCO”)

Effective February 26, 2020, shareholders purchasing fund shares through an OPCO platform or account are eligible only for the following load waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this prospectus or SAI.

Front-end Sales Charge Waivers on Class A Shares available at OPCO

§Employer-sponsored retirement, deferred compensation and employee benefit plans (including health savings accounts) and trusts used to fund those plans, provided that the shares are not held in a commission-based brokerage account and shares are held for the benefit of the plan.

 

 

 

 

§Shares purchased by or through a 529 Plan.
§Shares purchased through a OPCO affiliated investment advisory program.
§Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family).
§Shares purchased using the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same amount, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Restatement).
§A shareholder in the fund’s Class C shares will have their shares exchanged at net asset value into Class A shares (or the appropriate share class) of the fund if the shares are no longer subject to a CDSC and the exchange is in line with the policies and procedures of OPCO.
§Employees and registered representatives of OPCO or its affiliates and their family members.
§Directors or Trustees of the fund, and employees of the fund’s investment adviser or any of its affiliates, as described in this prospectus.

CDSC Waivers on Class A Shares and Class C Shares available at OPCO

§Death or disability of the shareholder.
§Shares sold as part of a systematic withdrawal plan as described in this Prospectus.
§Return of excess contributions from an IRA account.
§Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS guidance.
§Shares sold to pay OPCO fees but only if the transaction is initiated by OPCO.
§Shares acquired through a right of reinstatement.

Front-end Sales Charge Discounts Available at OPCO: Breakpoints, Rights of Accumulation, and/or Letters of Intent

§Breakpoints as described in this prospectus.
§Rights of accumulation (“ROA”), which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at OPCO. Eligible fund family assets not held at OPCO may be included in the ROA calculation only if the shareholder notifies his or her financial professional about such assets.

Raymond James & Associates, Inc., Raymond James Financial Services, Inc. and each such entity’s affiliates (“Raymond James”)

Effective March 1, 2019, shareholders purchasing fund shares through a Raymond James platform or account, or through an introducing broker-dealer or independent registered investment adviser for which Raymond James provides trade execution, clearance, and/or custody services will be eligible only for the following load waivers (front-end sales charge waivers and contingent deferred, or back-end, sales charge waivers) and discounts, which may differ from those disclosed elsewhere in this prospectus or the SAI.

Front-end Sales Load Waivers on Class A Shares available at Raymond James

§Shares purchased in an investment advisory program.
§Shares purchased within the same fund family through a systematic reinvestment of capital gains distributions and dividend reinvestment when purchasing shares of the same fund (but not any other fund within the fund family).
§Employees and registered representatives of Raymond James or its affiliates and their family members as designated by Raymond James.
§Shares purchased from the proceeds of redemptions within the same fund family, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same account, and (3) redeemed shares were subject to a front-end or deferred sales load (known as Rights of Reinstatement).
§A shareholder in a fund’s Class C shares will have their shares converted at net asset value to Class A shares (or the appropriate share class) of the fund if the shares are no longer subject to a CDSC and the conversion is in line with the policies and procedures of Raymond James.

 

 

 

 

CDSC Waivers on Class A Shares and Class C Shares available at Raymond James

§Death or disability of the shareholder.
§Shares sold as part of a systematic withdrawal plan as described in this prospectus.
§Return of excess contributions from an IRA account.
§Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable IRS regulations as described in this prospectus.
§Shares sold to pay Raymond James fees but only if the transaction is initiated by Raymond James.
§Shares acquired through a right of reinstatement.

Front-end Load Discounts on Class A Shares Available at Raymond James: Breakpoints, and/or Rights of Accumulation, and/or Letters of Intent

§Breakpoints as described in this prospectus.
§Rights of accumulation which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of fund family assets held by accounts within the purchaser’s household at Raymond James. Eligible fund family assets not held at Raymond James may be included in the calculation of rights of accumulation only if the shareholder notifies his or her financial professional about such assets.
§Letters of intent which allow for breakpoint discounts based on anticipated purchases within a fund family, over a 13-month time period. Eligible fund family assets not held at Raymond James may be included in the calculation of letters of intent only if the shareholder notifies his or her financial professional about such assets.

Robert W. Baird & Co. Incorporated (“Baird”)

Effective June 15, 2020, shareholders purchasing fund shares through a Baird platform or account will only be eligible for the following sales charge waivers (front-end sales charge waivers and CDSC waivers) and discounts, which may differ from those disclosed elsewhere in this prospectus or the SAI.

Front-end Sales Charge Waivers on Class A Shares available at Baird

§Shares purchased through reinvestment of capital gains distributions and dividend reinvestment when purchasing share of the same fund.
§Shares purchased by employees and registered representatives of Baird or its affiliate and their family members as designated by Baird.
§Shares purchased using the proceeds of redemptions from another Virtus fund, provided (1) the repurchase occurs within ninety (90) days following the redemption, (2) the redemption and purchase occur in the same accounts, and (3) redeemed shares were subject to a front-end or deferred sales charge (known as rights of reinstatement).
§Shareholders in Class C Shares will have their shares exchanged at net asset value into Class A shares of the same fund if the shares are no longer subject to CDSC and the exchange is in line with the policies and procedures of Baird.
§Employer-sponsored retirement plans or charitable accounts in a transactional brokerage account at Baird, including 401(k) plans, 457 plans, employer-sponsored 403(b) plans, profit sharing and money purchase pension plans and defined benefit plans. For purposes of this provision, employer-sponsored retirement plans do not include SEP IRAs, Simple IRAs or SAR-SEPs.

CDSC Waivers on Class A Shares and Class C Shares available at Baird

§Shares sold due to the death or disability of the shareholder.
§Shares sold as part of a systematic withdrawal plan as described in this Prospectus.
§Shares bought due to returns of excess contributions from an IRA account.
§Shares sold as part of a required minimum distribution for IRA and retirement accounts due to the shareholder reaching the qualified age based on applicable Internal Revenue Service regulations as described in this prospectus.
§Shares sold to pay Baird fees but only if the transaction is initiated by Baird.
§Shares acquired through a right of reinstatement.

Front-end Sales Charge Discounts Available at Baird: Breakpoints and/or Rights of Accumulations

§Breakpoints as described in this prospectus.
§

Rights of accumulation (“ROA”), which entitle shareholders to breakpoint discounts will be automatically calculated based on the aggregated holding of Virtus fund assets held by accounts within the purchaser’s household at Baird.

 

 

 

 

Eligible Virtus fund assets not held at Baird may be included in the rights of accumulations calculation only if the shareholder notifies his or her financial professional about such assets.

§Letters of intent (“LOI”) allow for breakpoint discounts based on anticipated purchases of Virtus funds through Baird, over a 13-month period of time.

Stifel, Nicolaus & Company, Incorporated (“Stifel”)

Effective July 1, 2020, shareholders purchasing fund shares through a Stifel platform or account or who own shares for which Stifel or an affiliate is the broker-dealer of record are eligible for the following additional sales charge waiver.

Front-end Sales Load Waiver on Class A Shares available at Stifel

§Class C shares that have been held for more than seven (7) years will be exchanged for Class A shares of the same fund pursuant to Stifel’s policies and procedures without the imposition of a front-end sales load.

All other sales charge waivers and reductions described elsewhere in this prospectus or the SAI still apply.

 

Investors should retain this supplement with the Prospectuses for future reference.

 

MultiTrust Appendix A update – JPM addition (9/2023)