0000930413-24-003297.txt : 20241217 0000930413-24-003297.hdr.sgml : 20241217 20241217081148 ACCESSION NUMBER: 0000930413-24-003297 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 22 FILED AS OF DATE: 20241217 DATE AS OF CHANGE: 20241217 EFFECTIVENESS DATE: 20241217 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIRTUS OPPORTUNITIES TRUST CENTRAL INDEX KEY: 0001005020 ORGANIZATION NAME: 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: 241553700 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 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 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 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 S000072168 Virtus KAR Developing Markets Fund C000227964 Class C VDMCX C000227965 Class I VIDMX C000227966 Class R6 VDMRX C000227967 Class A VDMAX 497 1 c110668_497.htm

Virtus Duff & Phelps Global Real Estate Securities Fund

(the “Fund”),

a series of Virtus Opportunities Trust

Supplement dated December 17, 2024 to the Fund’s Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

-- End of Supplement Text --

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:

Fees and Expenses

      

Shareholder Fees (fees paid directly from your investment)

Class A

Class C

 Class I

Class R6

Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price)

5.50%

None

None

None

Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) 

None

1.00%(a)

None

None

 

 

 

 

 

 

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

Class A

Class C

 Class I

Class R6

Management Fees

0.85%

0.85%

0.85%

0.85%

Distribution and Shareholder Servicing (12b-1) Fees

0.25%

1.00%

None

None

Other Expenses

2.05%

0.33%

0.32%

0.20%

Total Annual Fund Operating Expenses

3.15%

2.18%

1.17%

1.05%

Less: Fee Waiver and/or Expense Reimbursement(b)

(1.91)%

(0.19)%

(0.18)%

(0.18)%

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement(b)

1.24%

1.99%

0.99%

0.87%

 

  

(a)

The deferred sales charge is imposed on Class C Shares redeemed during the first year only.

(b)

The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.24% for Class A Shares, 1.99% for Class C Shares, 0.99% for Class I Shares and 0.87% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.

Under “Fees and Expenses,” the “Example” table will be replaced with the following:

Example

          

 Class

Share Status

1 Year

3 Years

5 Years

10 Years

Class A

Sold or Held

$669

 

$1,299

 

$1,951

 

$3,692

 

Class C

Sold

$302

 

$664

 

$1,152

 

$2,499

 

 

Held

$202

 

$664

 

$1,152

 

$2,499

 

Class I

Sold or Held

$101

 

$354

 

$626

 

$1,404

 

Class R6

Sold or Held

$89

 

$316

 

$562

 

$1,266

 

-- End of Supplement Data --

In the first table in the section “More Information About Fund Expenses” on page 73 of the statutory prospectus, the row corresponding to the Fund will be replaced with the following and the footnotes will appear after the table as shown below:

     
 

Class A Shares

Class C Shares

Class I Shares

Class R6 Shares

Virtus Duff & Phelps Global Real Estate Securities Fund(**)

1.24%

1.99%

0.99%

0.87%

(**) Contractual through January 31, 2026.

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

VOT 8020 DPIM Global RES Expense Cap Reduction (12/24)

Virtus Duff & Phelps Real Estate Securities Fund

(the “Fund”),

a series of Virtus Opportunities Trust

Supplement dated December 17, 2024 to the Fund’s Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

-- End of Supplement Text --

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:

Fees and Expenses

      

Shareholder Fees (fees paid directly from your investment)

Class A

Class C

 Class I

Class R6

Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price)

5.50%

None

None

None

Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) 

None

1.00%(a)

None

None

 

 

 

 

 

 

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

Class A

Class C

 Class I

Class R6

Management Fees

0.75%

0.75%

0.75%

0.75%

Distribution and Shareholder Servicing (12b-1) Fees

0.25%

1.00%

None

None

Other Expenses

0.36%

0.33%

0.37%

0.20%

Total Annual Fund Operating Expenses

1.36%

2.08%

1.12%

0.95%

Less: Fee Waiver and/or Expense Reimbursement(b)

(0.12)%

(0.09)%

(0.13)%

(0.16)%

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement(b)

1.24%

1.99%

0.99%

0.79%

 

  

(a)

The deferred sales charge is imposed on Class C Shares redeemed during the first year only.

(b)

The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.24% for Class A Shares, 1.99% for Class C Shares, 0.99% for Class I Shares and 0.79% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.

Under “Fees and Expenses,” the “Example” table will be replaced with the following:

Example

          

 Class

Share Status

1 Year

3 Years

5 Years

10 Years

Class A

Sold or Held

$669

 

$946

 

$1,243

 

$2,085

 

Class C

Sold

$302

 

$643

 

$1,110

 

$2,403

 

 

Held

$202

 

$643

 

$1,110

 

$2,403

 

Class I

Sold or Held

$101

 

$343

 

$604

 

$1,352

 

Class R6

Sold or Held

$81

 

$287

 

$510

 

$1,152

 

-- End of Supplement Data --

In the first table in the section “More Information About Fund Expenses” on page 73 of the statutory prospectus, the row corresponding to the Fund will be replaced with the following and the footnotes will appear after the table as shown below:

     
 

Class A Shares

Class C Shares

Class I Shares

Class R6 Shares

Virtus Duff & Phelps Real Estate Securities Fund(**)

1.24%

1.99%

0.99%

0.79%

(**) Contractual through January 31, 2026.

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

VOT 8020 DPIM RES Expense Cap Reduction (12/24)

Virtus KAR Developing Markets Fund

(the “Fund”),

a series of Virtus Opportunities Trust

Supplement dated December 17, 2024 to the Fund’s Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

-- End of Supplement Text --

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:

Fees and Expenses

      

Shareholder Fees (fees paid directly from your investment)

Class A

Class C

 Class I

Class R6

Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price)

5.50%

None

None

None

Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) 

None

1.00%(a)

None

None

 

 

 

 

 

 

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

Class A

Class C

 Class I

Class R6

Management Fees

1.00%

1.00%

1.00%

1.00%

Distribution and Shareholder Servicing (12b-1) Fees

0.25%

1.00%

None

None

Other Expenses

2.98%

2.93%

2.99%

2.91%

Total Annual Fund Operating Expenses

4.23%

4.93%

3.99%

3.91%

Less: Fee Waiver and/or Expense Reimbursement(b)

(2.90)%

(2.85)%

(2.91)%

(2.88)%

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement(b)

1.33%

2.08%

1.08%

1.03%

 

  

(a)

The deferred sales charge is imposed on Class C Shares redeemed during the first year only.

(b)

The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.33% for Class A Shares, 2.08% for Class C Shares, 1.08% for Class I Shares and 1.03% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.

Under “Fees and Expenses,” the “Example” table will be replaced with the following:

Example

          

 Class

Share Status

1 Year

3 Years

5 Years

10 Years

Class A

Sold or Held

$678

 

$1,513

 

$2,361

 

$4,539

 

Class C

Sold

$311

 

$1,227

 

$2,243

 

$4,792

 

 

Held

$211

 

$1,227

 

$2,243

 

$4,792

 

Class I

Sold or Held

$110

 

$948

 

$1,802

 

$4,016

 

Class R6

Sold or Held

$105

 

$927

 

$1,767

 

$3,948

 

-- End of Supplement Data --

In the first table in the section “More Information About Fund Expenses” on page 73 of the statutory prospectus, the row corresponding to the Fund will be replaced with the following and the footnotes will appear after the table as shown below:

     
 

Class A Shares

Class C Shares

Class I Shares

Class R6 Shares

Virtus KAR Developing Markets Fund(**)

1.33%

2.08%

1.08%

1.03%

(**) Contractual through January 31, 2026.

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

VOT 8020 KAR Dev. Markets Expense Cap Reduction (12/24)

Virtus KAR Emerging Markets Small-Cap Fund

(the “Fund”),

a series of Virtus Opportunities Trust

Supplement dated December 17, 2024 to the Fund’s Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

-- End of Supplement Text --

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:

Fees and Expenses

      

Shareholder Fees (fees paid directly from your investment)

Class A

Class C

 Class I

Class R6

Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price)

5.50%

None

None

None

Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) 

None

1.00%(a)

None

None

 

 

 

 

 

 

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

Class A

Class C

 Class I

Class R6

Management Fees

1.20%

1.20%

1.20%

1.20%

Distribution and Shareholder Servicing (12b-1) Fees

0.25%

1.00%

None

None

Other Expenses

0.34%

0.31%

0.32%

0.23%

Total Annual Fund Operating Expenses

1.79%

2.51%

1.52%

1.43%

Less: Fee Waiver and/or Expense Reimbursement(b)

(0.09)%

(0.06)%

(0.07)%

(0.13)%

Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement(b)

1.70%

2.45%

1.45%

1.30%

 

  

(a)

The deferred sales charge is imposed on Class C Shares redeemed during the first year only.

(b)

The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.70% for Class A Shares, 2.45% for Class C Shares, 1.45% for Class I Shares and 1.30% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.

Under “Fees and Expenses,” the “Example” table will be replaced with the following:

Example

          

 Class

Share Status

1 Year

3 Years

5 Years

10 Years

Class A

Sold or Held

$713

 

$1,074

 

$1,458

 

$2,532

 

Class C

Sold

$348

 

$776

 

$1,330

 

$2,841

 

 

Held

$248

 

$776

 

$1,330

 

$2,841

 

Class I

Sold or Held

$148

 

$473

 

$822

 

$1,807

 

Class R6

Sold or Held

$132

 

$440

 

$769

 

$1,702

 

-- End of Supplement Data --

In the first table in the section “More Information About Fund Expenses” on page 73 of the statutory prospectus, the row corresponding to the Fund will be replaced with the following and the footnotes will appear after the table as shown below:

     
 

Class A Shares

Class C Shares

Class I Shares

Class R6 Shares

Virtus KAR Emerging Markets Small-Cap Fund(**)

1.70%

2.45%

1.45%

1.30%

(**) Contractual through January 31, 2026.

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

VOT 8020 KAR EM Small-Cap Expense Cap Reduction (12/24)

Virtus Duff & Phelps Global Real Estate Securities Fund,

Virtus Duff & Phelps Real Estate Securities Fund,

Virtus KAR Developing Markets Fund, and

Virtus KAR Emerging Markets Small-Cap Fund (the “Funds”),

each a series of Virtus Opportunities Trust

Supplement dated December 17, 2024 to the Statement of

Additional Information (“SAI”) dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Funds’ investment adviser will implement new expense limitation arrangements to further limit the Funds’ expenses. The resulting change to the Funds’ SAI is described in more detail below.

In the table on page 92 of the Funds’ SAI, the rows corresponding to the Funds will be replaced with the following:

     

Fund

Class A

Class C

Class I

Class R6

Virtus Duff & Phelps Global Real Estate Securities Fund(*)

1.24%

1.99%

0.99%

0.87%

Virtus Duff & Phelps Real Estate Securities Fund(*)

1.24%

1.99%

0.99%

0.79%

Virtus KAR Developing Markets Fund(*)

1.33%

2.08%

1.08%

1.03%

Virtus KAR Emerging Markets Small-Cap Fund(*)

1.70%

2.45%

1.45%

1.30%

(*) Contractual through January 31, 2026.

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

VOT 8020B DPIM/KAR Expense Cap Reduction (12/24)

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Risk/Return: rr_RiskReturnAbstract  
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Registrant Name dei_EntityRegistrantName VIRTUS OPPORTUNITIES TRUST
Entity Central Index Key dei_EntityCentralIndexKey 0001005020
Amendment Flag dei_AmendmentFlag false
Document Creation Date dei_DocumentCreationDate Dec. 12, 2024
Document Effective Date dei_DocumentEffectiveDate Dec. 17, 2024
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Prospectus Date rr_ProspectusDate Jan. 29, 2024
XML 9 R2.htm IDEA: XBRL DOCUMENT v3.24.4
Sep. 30, 2024
Virtus Duff & Phelps Global Real Estate Securities Fund
Virtus Duff & Phelps Global Real Estate Securities Fund

Supplement dated December 17, 2024 to the Fund’s Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:

Fees and Expenses
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Virtus Duff & Phelps Global Real Estate Securities Fund
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) 5.50% none none none
Maximum Deferred Sales Charge (as a percentage of Offering Price) none 1.00% [1] none none
[1]

The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Virtus Duff & Phelps Global Real Estate Securities Fund
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
Management Fees 0.85% 0.85% 0.85% 0.85%
Distribution and Shareholder Servicing (12b-1) Fees 0.25% 1.00% none none
Other Expenses 2.05% 0.33% 0.32% 0.20%
Total Annual Fund Operating Expenses 3.15% 2.18% 1.17% 1.05%
Less: Fee Waiver and/or Expense Reimbursement [1] (1.91%) (0.19%) (0.18%) (0.18%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 1.24% 1.99% 0.99% 0.87%
[1]

The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.24% for Class A Shares, 1.99% for Class C Shares, 0.99% for Class I Shares and 0.87% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.
Example
Expense Example - Virtus Duff & Phelps Global Real Estate Securities Fund - USD ($)
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
1 Year $ 669 $ 302 $ 101 $ 89
3 Years 1,299 664 354 316
5 Years 1,951 1,152 626 562
10 Years $ 3,692 $ 2,499 $ 1,404 $ 1,266
Expense Example, No Redemption - Virtus Duff & Phelps Global Real Estate Securities Fund - USD ($)
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
1 Year $ 669 $ 202 $ 101 $ 89
3 Years 1,299 664 354 316
5 Years 1,951 1,152 626 562
10 Years $ 3,692 $ 2,499 $ 1,404 $ 1,266
XML 10 R3.htm IDEA: XBRL DOCUMENT v3.24.4
Label Element Value
Virtus Duff & Phelps Global Real Estate Securities Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

Supplement dated December 17, 2024 to the Fund’s Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:
Risk/Return [Heading] rr_RiskReturnHeading Virtus Duff & Phelps Global Real Estate Securities Fund
Expense [Heading] rr_ExpenseHeading Fees and Expenses
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Expense Example [Heading] rr_ExpenseExampleHeading Example
Virtus Duff & Phelps Global Real Estate Securities Fund | Class A Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.50%
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.85%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 2.05%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.15%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (1.91%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.24% [1]
1 Year rr_ExpenseExampleYear01 $ 669
3 Years rr_ExpenseExampleYear03 1,299
5 Years rr_ExpenseExampleYear05 1,951
10 Years rr_ExpenseExampleYear10 3,692
1 Year rr_ExpenseExampleNoRedemptionYear01 669
3 Years rr_ExpenseExampleNoRedemptionYear03 1,299
5 Years rr_ExpenseExampleNoRedemptionYear05 1,951
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,692
Virtus Duff & Phelps Global Real Estate Securities Fund | Class C Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00% [2]
Management Fees rr_ManagementFeesOverAssets 0.85%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.33%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.18%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.19%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.99% [1]
1 Year rr_ExpenseExampleYear01 $ 302
3 Years rr_ExpenseExampleYear03 664
5 Years rr_ExpenseExampleYear05 1,152
10 Years rr_ExpenseExampleYear10 2,499
1 Year rr_ExpenseExampleNoRedemptionYear01 202
3 Years rr_ExpenseExampleNoRedemptionYear03 664
5 Years rr_ExpenseExampleNoRedemptionYear05 1,152
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,499
Virtus Duff & Phelps Global Real Estate Securities Fund | Class I Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.85%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.32%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.17%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.18%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.99% [1]
1 Year rr_ExpenseExampleYear01 $ 101
3 Years rr_ExpenseExampleYear03 354
5 Years rr_ExpenseExampleYear05 626
10 Years rr_ExpenseExampleYear10 1,404
1 Year rr_ExpenseExampleNoRedemptionYear01 101
3 Years rr_ExpenseExampleNoRedemptionYear03 354
5 Years rr_ExpenseExampleNoRedemptionYear05 626
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,404
Virtus Duff & Phelps Global Real Estate Securities Fund | Class R6 Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.85%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.20%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.05%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.18%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.87% [1]
1 Year rr_ExpenseExampleYear01 $ 89
3 Years rr_ExpenseExampleYear03 316
5 Years rr_ExpenseExampleYear05 562
10 Years rr_ExpenseExampleYear10 1,266
1 Year rr_ExpenseExampleNoRedemptionYear01 89
3 Years rr_ExpenseExampleNoRedemptionYear03 316
5 Years rr_ExpenseExampleNoRedemptionYear05 562
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,266
[1]

The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.24% for Class A Shares, 1.99% for Class C Shares, 0.99% for Class I Shares and 0.87% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.
[2]

The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
XML 11 R8.htm IDEA: XBRL DOCUMENT v3.24.4
Sep. 30, 2024
Virtus Duff & Phelps Real Estate Securities Fund
Virtus Duff & Phelps Real Estate Securities Fund

Supplement dated December 17, 2024 to the Fund’s Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:

Fees and Expenses
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Virtus Duff & Phelps Real Estate Securities Fund
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) 5.50% none none none
Maximum Deferred Sales Charge (as a percentage of Offering Price) none 1.00% [1] none none
[1]

The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Virtus Duff & Phelps Real Estate Securities Fund
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
Management Fees 0.75% 0.75% 0.75% 0.75%
Distribution and Shareholder Servicing (12b-1) Fees 0.25% 1.00% none none
Other Expenses 0.36% 0.33% 0.37% 0.20%
Total Annual Fund Operating Expenses 1.36% 2.08% 1.12% 0.95%
Less: Fee Waiver and/or Expense Reimbursement [1] (0.12%) (0.09%) (0.13%) (0.16%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 1.24% 1.99% 0.99% 0.79%
[1]

The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.24% for Class A Shares, 1.99% for Class C Shares, 0.99% for Class I Shares and 0.79% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.
Example
Expense Example - Virtus Duff & Phelps Real Estate Securities Fund - USD ($)
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
1 Year $ 669 $ 302 $ 101 $ 81
3 Years 946 643 343 287
5 Years 1,243 1,110 604 510
10 Years $ 2,085 $ 2,403 $ 1,352 $ 1,152
Expense Example, No Redemption - Virtus Duff & Phelps Real Estate Securities Fund - USD ($)
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
1 Year $ 669 $ 202 $ 101 $ 81
3 Years 946 643 343 287
5 Years 1,243 1,110 604 510
10 Years $ 2,085 $ 2,403 $ 1,352 $ 1,152
XML 12 R9.htm IDEA: XBRL DOCUMENT v3.24.4
Label Element Value
Virtus Duff & Phelps Real Estate Securities Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

Supplement dated December 17, 2024 to the Fund’s Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:
Risk/Return [Heading] rr_RiskReturnHeading Virtus Duff & Phelps Real Estate Securities Fund
Expense [Heading] rr_ExpenseHeading Fees and Expenses
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Expense Example [Heading] rr_ExpenseExampleHeading Example
Virtus Duff & Phelps Real Estate Securities Fund | Class A Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.50%
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.36%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.36%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.12%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.24% [1]
1 Year rr_ExpenseExampleYear01 $ 669
3 Years rr_ExpenseExampleYear03 946
5 Years rr_ExpenseExampleYear05 1,243
10 Years rr_ExpenseExampleYear10 2,085
1 Year rr_ExpenseExampleNoRedemptionYear01 669
3 Years rr_ExpenseExampleNoRedemptionYear03 946
5 Years rr_ExpenseExampleNoRedemptionYear05 1,243
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,085
Virtus Duff & Phelps Real Estate Securities Fund | Class C Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00% [2]
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.33%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.08%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.09%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.99% [1]
1 Year rr_ExpenseExampleYear01 $ 302
3 Years rr_ExpenseExampleYear03 643
5 Years rr_ExpenseExampleYear05 1,110
10 Years rr_ExpenseExampleYear10 2,403
1 Year rr_ExpenseExampleNoRedemptionYear01 202
3 Years rr_ExpenseExampleNoRedemptionYear03 643
5 Years rr_ExpenseExampleNoRedemptionYear05 1,110
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,403
Virtus Duff & Phelps Real Estate Securities Fund | Class I Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.37%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.12%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.13%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.99% [1]
1 Year rr_ExpenseExampleYear01 $ 101
3 Years rr_ExpenseExampleYear03 343
5 Years rr_ExpenseExampleYear05 604
10 Years rr_ExpenseExampleYear10 1,352
1 Year rr_ExpenseExampleNoRedemptionYear01 101
3 Years rr_ExpenseExampleNoRedemptionYear03 343
5 Years rr_ExpenseExampleNoRedemptionYear05 604
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,352
Virtus Duff & Phelps Real Estate Securities Fund | Class R6 Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.75%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.20%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.95%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.16%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 0.79% [1]
1 Year rr_ExpenseExampleYear01 $ 81
3 Years rr_ExpenseExampleYear03 287
5 Years rr_ExpenseExampleYear05 510
10 Years rr_ExpenseExampleYear10 1,152
1 Year rr_ExpenseExampleNoRedemptionYear01 81
3 Years rr_ExpenseExampleNoRedemptionYear03 287
5 Years rr_ExpenseExampleNoRedemptionYear05 510
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,152
[1]

The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.24% for Class A Shares, 1.99% for Class C Shares, 0.99% for Class I Shares and 0.79% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.
[2]

The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
XML 13 R14.htm IDEA: XBRL DOCUMENT v3.24.4
Sep. 30, 2024
Virtus KAR Developing Markets Fund
Virtus KAR Developing Markets Fund

Supplement dated December 17, 2024 to the Fund’s Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:

Fees and Expenses
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Virtus KAR Developing Markets Fund
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) 5.50% none none none
Maximum Deferred Sales Charge (as a percentage of Offering Price) none 1.00% [1] none none
[1]

The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Virtus KAR Developing Markets Fund
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
Management Fees 1.00% 1.00% 1.00% 1.00%
Distribution and Shareholder Servicing (12b-1) Fees 0.25% 1.00% none none
Other Expenses 2.98% 2.93% 2.99% 2.91%
Total Annual Fund Operating Expenses 4.23% 4.93% 3.99% 3.91%
Less: Fee Waiver and/or Expense Reimbursement [1] (2.90%) (2.85%) (2.91%) (2.88%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 1.33% 2.08% 1.08% 1.03%
[1]

The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.33% for Class A Shares, 2.08% for Class C Shares, 1.08% for Class I Shares and 1.03% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.
Example
Expense Example - Virtus KAR Developing Markets Fund - USD ($)
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
1 Year $ 678 $ 311 $ 110 $ 105
3 Years 1,513 1,227 948 927
5 Years 2,361 2,243 1,802 1,767
10 Years $ 4,539 $ 4,792 $ 4,016 $ 3,948
Expense Example, No Redemption - Virtus KAR Developing Markets Fund - USD ($)
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
1 Year $ 678 $ 211 $ 110 $ 105
3 Years 1,513 1,227 948 927
5 Years 2,361 2,243 1,802 1,767
10 Years $ 4,539 $ 4,792 $ 4,016 $ 3,948
XML 14 R15.htm IDEA: XBRL DOCUMENT v3.24.4
Label Element Value
Virtus KAR Developing Markets Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

Supplement dated December 17, 2024 to the Fund’s Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:
Risk/Return [Heading] rr_RiskReturnHeading Virtus KAR Developing Markets Fund
Expense [Heading] rr_ExpenseHeading Fees and Expenses
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Expense Example [Heading] rr_ExpenseExampleHeading Example
Virtus KAR Developing Markets Fund | Class A Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.50%
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 2.98%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.23%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (2.90%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.33% [1]
1 Year rr_ExpenseExampleYear01 $ 678
3 Years rr_ExpenseExampleYear03 1,513
5 Years rr_ExpenseExampleYear05 2,361
10 Years rr_ExpenseExampleYear10 4,539
1 Year rr_ExpenseExampleNoRedemptionYear01 678
3 Years rr_ExpenseExampleNoRedemptionYear03 1,513
5 Years rr_ExpenseExampleNoRedemptionYear05 2,361
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,539
Virtus KAR Developing Markets Fund | Class C Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00% [2]
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 2.93%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 4.93%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (2.85%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 2.08% [1]
1 Year rr_ExpenseExampleYear01 $ 311
3 Years rr_ExpenseExampleYear03 1,227
5 Years rr_ExpenseExampleYear05 2,243
10 Years rr_ExpenseExampleYear10 4,792
1 Year rr_ExpenseExampleNoRedemptionYear01 211
3 Years rr_ExpenseExampleNoRedemptionYear03 1,227
5 Years rr_ExpenseExampleNoRedemptionYear05 2,243
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,792
Virtus KAR Developing Markets Fund | Class I Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 2.99%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.99%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (2.91%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.08% [1]
1 Year rr_ExpenseExampleYear01 $ 110
3 Years rr_ExpenseExampleYear03 948
5 Years rr_ExpenseExampleYear05 1,802
10 Years rr_ExpenseExampleYear10 4,016
1 Year rr_ExpenseExampleNoRedemptionYear01 110
3 Years rr_ExpenseExampleNoRedemptionYear03 948
5 Years rr_ExpenseExampleNoRedemptionYear05 1,802
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 4,016
Virtus KAR Developing Markets Fund | Class R6 Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 2.91%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.91%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (2.88%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.03% [1]
1 Year rr_ExpenseExampleYear01 $ 105
3 Years rr_ExpenseExampleYear03 927
5 Years rr_ExpenseExampleYear05 1,767
10 Years rr_ExpenseExampleYear10 3,948
1 Year rr_ExpenseExampleNoRedemptionYear01 105
3 Years rr_ExpenseExampleNoRedemptionYear03 927
5 Years rr_ExpenseExampleNoRedemptionYear05 1,767
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 3,948
[1]

The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.33% for Class A Shares, 2.08% for Class C Shares, 1.08% for Class I Shares and 1.03% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.
[2]

The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
XML 15 R20.htm IDEA: XBRL DOCUMENT v3.24.4
Sep. 30, 2024
Virtus KAR Emerging Markets Small-Cap Fund
Virtus KAR Emerging Markets Small-Cap Fund

Supplement dated December 17, 2024 to the Fund’s Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:

Fees and Expenses
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees - Virtus KAR Emerging Markets Small-Cap Fund
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) 5.50% none none none
Maximum Deferred Sales Charge (as a percentage of Offering Price) none 1.00% [1] none none
[1]

The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses - Virtus KAR Emerging Markets Small-Cap Fund
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
Management Fees 1.20% 1.20% 1.20% 1.20%
Distribution and Shareholder Servicing (12b-1) Fees 0.25% 1.00% none none
Other Expenses 0.34% 0.31% 0.32% 0.23%
Total Annual Fund Operating Expenses 1.79% 2.51% 1.52% 1.43%
Less: Fee Waiver and/or Expense Reimbursement [1] (0.09%) (0.06%) (0.07%) (0.13%)
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement [1] 1.70% 2.45% 1.45% 1.30%
[1]

The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.70% for Class A Shares, 2.45% for Class C Shares, 1.45% for Class I Shares and 1.30% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.
Example
Expense Example - Virtus KAR Emerging Markets Small-Cap Fund - USD ($)
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
1 Year $ 713 $ 348 $ 148 $ 132
3 Years 1,074 776 473 440
5 Years 1,458 1,330 822 769
10 Years $ 2,532 $ 2,841 $ 1,807 $ 1,702
Expense Example, No Redemption - Virtus KAR Emerging Markets Small-Cap Fund - USD ($)
Class A Shares
Class C Shares
Class I Shares
Class R6 Shares
1 Year $ 713 $ 248 $ 148 $ 132
3 Years 1,074 776 473 440
5 Years 1,458 1,330 822 769
10 Years $ 2,532 $ 2,841 $ 1,807 $ 1,702
XML 16 R21.htm IDEA: XBRL DOCUMENT v3.24.4
Label Element Value
Virtus KAR Emerging Markets Small-Cap Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

Supplement dated December 17, 2024 to the Fund’s Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:
Risk/Return [Heading] rr_RiskReturnHeading Virtus KAR Emerging Markets Small-Cap Fund
Expense [Heading] rr_ExpenseHeading Fees and Expenses
Shareholder Fees Caption [Text] rr_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Text] rr_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Expense Example [Heading] rr_ExpenseExampleHeading Example
Virtus KAR Emerging Markets Small-Cap Fund | Class A Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.50%
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 1.20%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.34%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.79%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.09%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.70% [1]
1 Year rr_ExpenseExampleYear01 $ 713
3 Years rr_ExpenseExampleYear03 1,074
5 Years rr_ExpenseExampleYear05 1,458
10 Years rr_ExpenseExampleYear10 2,532
1 Year rr_ExpenseExampleNoRedemptionYear01 713
3 Years rr_ExpenseExampleNoRedemptionYear03 1,074
5 Years rr_ExpenseExampleNoRedemptionYear05 1,458
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,532
Virtus KAR Emerging Markets Small-Cap Fund | Class C Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice 1.00% [2]
Management Fees rr_ManagementFeesOverAssets 1.20%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.31%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.51%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.06%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 2.45% [1]
1 Year rr_ExpenseExampleYear01 $ 348
3 Years rr_ExpenseExampleYear03 776
5 Years rr_ExpenseExampleYear05 1,330
10 Years rr_ExpenseExampleYear10 2,841
1 Year rr_ExpenseExampleNoRedemptionYear01 248
3 Years rr_ExpenseExampleNoRedemptionYear03 776
5 Years rr_ExpenseExampleNoRedemptionYear05 1,330
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,841
Virtus KAR Emerging Markets Small-Cap Fund | Class I Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 1.20%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.32%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.52%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.07%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.45% [1]
1 Year rr_ExpenseExampleYear01 $ 148
3 Years rr_ExpenseExampleYear03 473
5 Years rr_ExpenseExampleYear05 822
10 Years rr_ExpenseExampleYear10 1,807
1 Year rr_ExpenseExampleNoRedemptionYear01 148
3 Years rr_ExpenseExampleNoRedemptionYear03 473
5 Years rr_ExpenseExampleNoRedemptionYear05 822
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,807
Virtus KAR Emerging Markets Small-Cap Fund | Class R6 Shares  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (as a percentage of Offering Price) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 1.20%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.23%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.43%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.13%) [1]
Total Annual Fund Operating Expenses After Fee Waiver and/or Expense Reimbursement rr_NetExpensesOverAssets 1.30% [1]
1 Year rr_ExpenseExampleYear01 $ 132
3 Years rr_ExpenseExampleYear03 440
5 Years rr_ExpenseExampleYear05 769
10 Years rr_ExpenseExampleYear10 1,702
1 Year rr_ExpenseExampleNoRedemptionYear01 132
3 Years rr_ExpenseExampleNoRedemptionYear03 440
5 Years rr_ExpenseExampleNoRedemptionYear05 769
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,702
[1]

The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.70% for Class A Shares, 2.45% for Class C Shares, 1.45% for Class I Shares and 1.30% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.
[2]

The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
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The resulting changes to the Fund’s prospectuses are described in more detail below.</p><p style="font-size:11.0pt; font-family:Sans-Serif; text-align:left; color:#000000; text-indent:14.4pt; font-weight:normal; text-decoration:none;">Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:</p> 2024-01-29 Fees and Expenses Shareholder Fees (fees paid directly from your investment) 0.0550 0 0 0 0 0.0100 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0085 0.0085 0.0085 0.0085 0.0025 0.0100 0 0 0.0205 0.0033 0.0032 0.0020 0.0315 0.0218 0.0117 0.0105 -0.0191 -0.0019 -0.0018 -0.0018 0.0124 0.0199 0.0099 0.0087 Example 669 669 1299 1299 1951 1951 3692 3692 302 664 1152 2499 202 664 1152 2499 101 101 354 354 626 626 1404 1404 89 89 316 316 562 562 1266 1266 Virtus Duff & Phelps Real Estate Securities Fund <p style="font-size:11.0pt; font-family:Sans-Serif; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">Supplement dated December 17, 2024 to the Fund’s Summary Prospectus</p><p style="font-size:11.0pt; font-family:Sans-Serif; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented</p><p style="font-size:9.5pt; font-family:Sans-Serif; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">IMPORTANT NOTICE TO INVESTORS</p><p style="font-size:11.0pt; font-family:Sans-Serif; text-align:left; color:#000000; text-indent:14.4pt; font-weight:normal; text-decoration:none;">Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.</p><p style="font-size:11.0pt; font-family:Sans-Serif; text-align:left; color:#000000; text-indent:14.4pt; font-weight:normal; text-decoration:none;">Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:</p> Fees and Expenses Shareholder Fees (fees paid directly from your investment) 0.0550 0 0 0 0 0.0100 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0075 0.0075 0.0075 0.0075 0.0025 0.0100 0 0 0.0036 0.0033 0.0037 0.0020 0.0136 0.0208 0.0112 0.0095 -0.0012 -0.0009 -0.0013 -0.0016 0.0124 0.0199 0.0099 0.0079 Example 669 669 946 946 1243 1243 2085 2085 302 643 1110 2403 202 643 1110 2403 101 101 343 343 604 604 1352 1352 81 81 287 287 510 510 1152 1152 Virtus KAR Developing Markets Fund <p style="font-size:11.0pt; font-family:Sans-Serif; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">Supplement dated December 17, 2024 to the Fund’s Summary Prospectus</p><p style="font-size:11.0pt; font-family:Sans-Serif; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented</p><p style="font-size:9.5pt; font-family:Sans-Serif; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">IMPORTANT NOTICE TO INVESTORS</p><p style="font-size:11.0pt; font-family:Sans-Serif; text-align:left; color:#000000; text-indent:14.4pt; font-weight:normal; text-decoration:none;">Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.</p><p style="font-size:11.0pt; font-family:Sans-Serif; text-align:left; color:#000000; text-indent:14.4pt; font-weight:normal; text-decoration:none;">Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:</p> Fees and Expenses Shareholder Fees (fees paid directly from your investment) 0.0550 0 0 0 0 0.0100 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0100 0.0100 0.0100 0.0100 0.0025 0.0100 0 0 0.0298 0.0293 0.0299 0.0291 0.0423 0.0493 0.0399 0.0391 -0.0290 -0.0285 -0.0291 -0.0288 0.0133 0.0208 0.0108 0.0103 Example 678 678 1513 1513 2361 2361 4539 4539 311 1227 2243 4792 211 1227 2243 4792 110 110 948 948 1802 1802 4016 4016 105 105 927 927 1767 1767 3948 3948 Virtus KAR Emerging Markets Small-Cap Fund <p style="font-size:11.0pt; font-family:Sans-Serif; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">Supplement dated December 17, 2024 to the Fund’s Summary Prospectus</p><p style="font-size:11.0pt; font-family:Sans-Serif; text-align:center; color:#000000; font-weight:normal; text-decoration:none;">and the Virtus Opportunities Trust Statutory Prospectus, each dated January 29, 2024, as supplemented</p><p style="font-size:9.5pt; font-family:Sans-Serif; text-align:left; color:#000000; font-weight:bold; text-decoration:none;">IMPORTANT NOTICE TO INVESTORS</p><p style="font-size:11.0pt; font-family:Sans-Serif; text-align:left; color:#000000; text-indent:14.4pt; font-weight:normal; text-decoration:none;">Effective January 1, 2025, the Fund’s investment adviser will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.</p><p style="font-size:11.0pt; font-family:Sans-Serif; text-align:left; color:#000000; text-indent:14.4pt; font-weight:normal; text-decoration:none;">Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:</p> Fees and Expenses Shareholder Fees (fees paid directly from your investment) 0.0550 0 0 0 0 0.0100 0 0 Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment) 0.0120 0.0120 0.0120 0.0120 0.0025 0.0100 0 0 0.0034 0.0031 0.0032 0.0023 0.0179 0.0251 0.0152 0.0143 -0.0009 -0.0006 -0.0007 -0.0013 0.0170 0.0245 0.0145 0.0130 Example 713 713 1074 1074 1458 1458 2532 2532 348 776 1330 2841 248 776 1330 2841 148 148 473 473 822 822 1807 1807 132 132 440 440 769 769 1702 1702 N-1A 497 2024-09-30 0001005020 false 2024-12-17 2024-12-12 ~ http://www.virtus.com/20240930/role/RRSchedule4 ~ ~ http://www.virtus.com/20240930/role/RRSchedule5 ~ ~ http://www.virtus.com/20240930/role/RRSchedule6 ~ ~ http://www.virtus.com/20240930/role/RRSchedule7 ~ ~ http://www.virtus.com/20240930/role/RRSchedule10 ~ ~ http://www.virtus.com/20240930/role/RRSchedule11 ~ ~ http://www.virtus.com/20240930/role/RRSchedule12 ~ ~ http://www.virtus.com/20240930/role/RRSchedule13 ~ ~ http://www.virtus.com/20240930/role/RRSchedule16 ~ ~ http://www.virtus.com/20240930/role/RRSchedule17 ~ ~ http://www.virtus.com/20240930/role/RRSchedule18 ~ ~ http://www.virtus.com/20240930/role/RRSchedule19 ~ ~ http://www.virtus.com/20240930/role/RRSchedule22 ~ ~ http://www.virtus.com/20240930/role/RRSchedule23 ~ ~ http://www.virtus.com/20240930/role/RRSchedule24 ~ ~ http://www.virtus.com/20240930/role/RRSchedule25 ~ VIRTUS OPPORTUNITIES TRUST The deferred sales charge is imposed on Class C Shares redeemed during the first year only. The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.24% for Class A Shares, 1.99% for Class C Shares, 0.99% for Class I Shares and 0.87% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account. The deferred sales charge is imposed on Class C Shares redeemed during the first year only. The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.24% for Class A Shares, 1.99% for Class C Shares, 0.99% for Class I Shares and 0.79% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account. The deferred sales charge is imposed on Class C Shares redeemed during the first year only. The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.33% for Class A Shares, 2.08% for Class C Shares, 1.08% for Class I Shares and 1.03% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account. The deferred sales charge is imposed on Class C Shares redeemed during the first year only. The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.70% for Class A Shares, 2.45% for Class C Shares, 1.45% for Class I Shares and 1.30% for Class R6 Shares through January 31, 2026. Prior to January 31, 2026, only the fund’s Board may modify or terminate the expense limitation agreement. Following the contractual period, the adviser may discontinue these expense reimbursement arrangements at any time. Under certain conditions, the adviser may recapture operating expenses reimbursed and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.