XML 12 R11.htm IDEA: XBRL DOCUMENT v3.21.2
Label Element Value
Virtus Newfleet Multi-Sector Short Term Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

Virtus Newfleet Multi-Sector Short Term Bond Fund (the “Fund”),

a series of Virtus Opportunities Trust

 

Supplement dated November 30, 2021 to the Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus,

each dated February 1, 2021, each as supplemented

 

Important Notice to Investors

 

Effective December 1, 2021, the Fund’s investment adviser, Virtus Investment Advisers, Inc. (“VIA”), will implement a new expense limitation arrangement to further limit the Fund’s expenses. The changes are described in more detail below.
Risk/Return [Heading] rr_RiskReturnHeading Virtus Newfleet Multi-Sector Short Term Bond Fund
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock

Under “Fees and Expenses” in the Fund’s summary prospectus and the summary section of the statutory prospectus, the “Annual Fund Operating Expenses” table and associated footnotes will be replaced with the following:
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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination Jan. 31, 2023
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees The Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets appearing in the Financial Highlights tables, which tables reflect only the operating expenses of the fund and do not include acquired fund fees and expenses.
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

Under “Fees and Expenses,” the “Example” table is hereby replaced with the following:
Expense Example by, Year, Caption [Text] rr_ExpenseExampleByYearCaption Sold
Expense Example, No Redemption, By Year, Caption [Text] rr_ExpenseExampleNoRedemptionByYearCaption Held
Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock

Investors should retain this supplement with the Prospectuses for future reference.
Virtus Newfleet Multi-Sector Short Term Bond Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.47%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.26%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.99% [1]
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.08%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 0.91% [1],[2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 316
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 525
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 752
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,404
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 316
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 525
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 752
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,404
Virtus Newfleet Multi-Sector Short Term Bond Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.47%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.50%
Other Expenses rr_OtherExpensesOverAssets 0.24%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.22% [1]
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.17% [1],[2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 119
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 382
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 666
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,473
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 119
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 382
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 666
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,473
Virtus Newfleet Multi-Sector Short Term Bond Fund | Class C1  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.47%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.24%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.72% [1]
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.05%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.67% [1],[2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 270
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 537
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 929
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,026
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 170
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 537
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 929
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,026
Virtus Newfleet Multi-Sector Short Term Bond Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.47%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.25%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.73% [1]
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.07%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 0.66% [1],[2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 67
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 226
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 399
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 900
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 67
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 226
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 399
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 900
Virtus Newfleet Multi-Sector Short Term Bond Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.47%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.18%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.66% [1]
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.13%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 0.53% [1],[2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 54
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 206
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 362
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 818
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 54
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 206
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 362
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 818
[1] The Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets appearing in the Financial Highlights tables, which tables reflect only the operating expenses of the fund and do not include acquired fund fees and expenses.
[2] 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 0.90% for Class A Shares, 1.16% for Class C Shares, 1.66% for Class C1 Shares, 0.65% for Class I Shares and 0.52% for Class R6 Shares through January 31, 2023. 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.