XML 14 R16.htm IDEA: XBRL DOCUMENT v3.21.2
Label Element Value
Virtus Newfleet Tax-Exempt Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

Virtus Newfleet Tax-Exempt 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 Tax-Exempt Bond Fund
Expense [Heading] rr_ExpenseHeading 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
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 Tax-Exempt Bond Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.45%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.31%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.01%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.18%) [1]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 0.83% [1]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 357
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 570
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 800
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,461
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 357
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 570
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 800
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,461
Virtus Newfleet Tax-Exempt Bond Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.45%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.29%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.74%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.16%) [1]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.58% [1]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 261
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 532
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 929
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 2,038
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 161
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 532
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 929
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,038
Virtus Newfleet Tax-Exempt Bond Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Management Fees rr_ManagementFeesOverAssets 0.45%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.33%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.78%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.20%) [1]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 0.58% [1]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 59
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 229
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 414
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 947
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 59
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 229
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 414
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 947
[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 0.83% for Class A Shares, 1.58% for Class C Shares and 0.58% for Class I 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.