0001193125-13-006628.txt : 20130108 0001193125-13-006628.hdr.sgml : 20130108 20130108135804 ACCESSION NUMBER: 0001193125-13-006628 CONFORMED SUBMISSION TYPE: 485BPOS PUBLIC DOCUMENT COUNT: 7 FILED AS OF DATE: 20130108 DATE AS OF CHANGE: 20130108 EFFECTIVENESS DATE: 20130108 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIRTUS OPPORTUNITIES TRUST CENTRAL INDEX KEY: 0001005020 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1940 Act SEC FILE NUMBER: 811-07455 FILM NUMBER: 13517599 BUSINESS ADDRESS: STREET 1: 101 MUNSON STREET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: 800-243-1574 MAIL ADDRESS: STREET 1: 100 PEARL STREET 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 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIRTUS OPPORTUNITIES TRUST CENTRAL INDEX KEY: 0001005020 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 485BPOS SEC ACT: 1933 Act SEC FILE NUMBER: 033-65137 FILM NUMBER: 13517600 BUSINESS ADDRESS: STREET 1: 101 MUNSON STREET CITY: GREENFIELD STATE: MA ZIP: 01301 BUSINESS PHONE: 800-243-1574 MAIL ADDRESS: STREET 1: 100 PEARL STREET 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 S000039392 Virtus Disciplined Select Bond Fund C000121401 Class A C000121402 Class C C000121403 Class I 0001005020 S000039393 Virtus Disciplined Equity Style Fund C000121404 Class A C000121405 Class C C000121406 Class I 0001005020 S000039394 Virtus Disciplined Select Country Fund C000121407 Class A C000121408 Class C C000121409 Class I 485BPOS 1 d414111d485bpos.htm VIRTUS OPPORTUNITIES TRUST Virtus Opportunities Trust

As filed with the Securities and Exchange Commission on January 8, 2013

File No. 033-65137

File No. 811-07455

 

 

 

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

 

 

FORM N-1A

REGISTRATION STATEMENT

 

Under

the SECURITIES ACT OF 1933

Pre-Effective Amendment No.

   ¨
  Post-Effective Amendment No. 60    x

and/or

REGISTRATION STATEMENT

 

Under

the INVESTMENT COMPANY ACT OF 1940

   ¨
  Amendment No. 61    x

(Check appropriate box or boxes)

 

 

Virtus Opportunities Trust

(Exact Name of Registrant as Specified in Charter)

 

 

Area Code and Telephone Number: (800) 243-1574

101 Munson Street

Greenfield, Massachusetts 01301

(Address of Principal Executive Offices)

Kevin J. Carr, Esq.

Counsel

Virtus Investment Partners, Inc.

100 Pearl St.

Hartford, Connecticut 06103

(Name and Address of Agent for Service)

 

 

Copies of All Correspondence to:

David Mahaffey, Esq.

Sullivan & Worcester LLP

1666 K Street, N.W.

Washington, D.C. 20006

 

 


It is proposed that this filing will become effective (check appropriate box):

  x immediately upon filing pursuant to paragraph (b)
  ¨ on                      pursuant to paragraph (b) of Rule 485
  ¨ 60 days after filing pursuant to paragraph (a)(1)
  ¨ on                      or at such later date as the Commission shall order pursuant to paragraph (a)(2)
  ¨ 75 days after filing pursuant to paragraph (a)(2)
  ¨ on                      pursuant to paragraph (a)(2) of Rule 485.

If appropriate, check the following box:

  ¨ this post-effective amendment designates a new effective date for a previously filed post-effective amendment.

 

 

 


EXPLANATORY NOTE

This Post-Effective Amendment No. 60 relates to the following funds:

Virtus Disciplined Equity Style Fund

Virtus Disciplined Select Bond Fund

Virtus Disciplined Select Country Fund


SIGNATURES

Pursuant to the requirements of the Securities Act of 1933, as amended, and the Investment Company Act of 1940, as amended, the Registrant certifies that it meets all of the requirements for effectiveness for this registration statement under Rule 485(b) of the Securities Act and has duly caused this amendment to the registration statement to be signed on its behalf by the undersigned, duly authorized, in the City of Hartford and the State of Connecticut on the 8th day of January, 2013.

 

  VIRTUS OPPORTUNITIES TRUST
  By:   /s/ George R. Aylward
   

 

    George R. Aylward
    President

Pursuant to the requirements of the Securities Act of 1933, as amended, this amendment to the registration statement has been signed below by the following persons in the capacities indicated on the 8th day of January, 2013.

 

Signature

  

Title

/s/ George R. Aylward

George R. Aylward

  

Trustee and President (principal executive officer)

/s/ W. Patrick Bradley

W. Patrick Bradley

  

Chief Financial Officer and Treasurer

(principal financial and accounting officer)

/s/ Leroy Keith, Jr.

Leroy Keith, Jr.*

  

Trustee

/s/ Philip R. McLoughlin

Philip R. McLoughlin*

  

Trustee and Chairman

/s/ Geraldine M. McNamara

Geraldine M. McNamara*

  

Trustee

/s/ James M. Oates

James M. Oates*

  

Trustee

/s/ Richard E. Segerson

Richard E. Segerson*

  

Trustee

/s/ Ferdinand L.J. Verdonck

Ferdinand L.J. Verdonck*

  

Trustee

 

*By

  /s/ George R. Aylward
 

*George R. Aylward, Attorney-in-Fact,

pursuant to a power of attorney

[VOT 485B (3 Newfound Funds) (XBRL) – 1/2013


Exhibit Index

 

Exhibit Number

  

Description

EX-101.INS    XBRL Instance Document
EX-101.SCH    XBRL Taxonomy Extension Schema Document
EX-101.CAL    XBRL Taxonomy Extension Calculation Linkbase
EX-101.DEF    XBRL Taxonomy Extension Definition Linkbase
EX-101.LAB    XBRL Taxonomy Extension Labels Linkbase
EX-101.PRE    XBRL Taxomony Extension Presentation Linkbase
EX-101.INS 3 vot8-20121218.xml XBRL INSTANCE DOCUMENT 0001005020 2011-12-19 2012-12-18 0001005020 vot8:S000039392Member 2011-12-19 2012-12-18 0001005020 vot8:S000039392Member vot8:C000121401Member 2011-12-19 2012-12-18 0001005020 vot8:S000039392Member vot8:C000121402Member 2011-12-19 2012-12-18 0001005020 vot8:S000039392Member vot8:C000121403Member 2011-12-19 2012-12-18 0001005020 vot8:S000039394Member 2011-12-19 2012-12-18 0001005020 vot8:S000039393Member 2011-12-19 2012-12-18 0001005020 vot8:S000039394Member vot8:C000121407Member 2011-12-19 2012-12-18 0001005020 vot8:S000039394Member vot8:C000121408Member 2011-12-19 2012-12-18 0001005020 vot8:S000039394Member vot8:C000121409Member 2011-12-19 2012-12-18 0001005020 vot8:S000039393Member vot8:C000121404Member 2011-12-19 2012-12-18 0001005020 vot8:S000039393Member vot8:C000121405Member 2011-12-19 2012-12-18 0001005020 vot8:S000039393Member vot8:C000121406Member 2011-12-19 2012-12-18 pure iso4217:USD 485BPOS VIRTUS OPPORTUNITIES TRUST 0001005020 false 2012-12-18 2012-12-18 2012-12-18 2012-12-18 <b>Virtus Disciplined Select Bond Fund </b> <b>Investment Objective </b> The fund has an investment objective of high total return from current income and capital appreciation. <b>Fees and Expenses </b> The tables below illustrate all fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and under &#8220;Sales Charges&#8221; on page 22 of the fund&#8217;s prospectus and &#8220;Alternative Purchase Arrangements&#8221; on page of the fund&#8217;s statement of additional information. Shareholder Fees (fees paid directly from your investment) Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your <br/> investment) <b>Portfolio Turnover </b> The fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund&#8217;s performance. <b>Example </b> This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund&#8217;s operating expenses remain the same and that the expense reimbursement arrangement remains in place only for the period indicated. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Investments, Risks and Performance</b><br/><br/><b>Principal Investment Strategies </b> The fund seeks to maximize total return over a full market cycle in the bond market by tactically allocating net assets among six subsectors within the broad Treasury, TIPS and Corporate classifications of the bond market as set forth below:<br/><blockquote>Treasuries:</blockquote><ul type="square"><li style="margin-left:80px"><blockquote>Short term U.S. Treasury Securities (1-3 year maturities)</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote>Medium term U.S. Treasury Securities (7-10 year maturities)</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote>Long term U.S. Treasury securities (20+ year maturities)</blockquote></li></ul><blockquote>Treasury Inflation Protected Securities (TIPS):</blockquote><ul type="square"><li style="margin-left:80px"><blockquote> TIPS</blockquote></li></ul><blockquote>Corporate Bonds:</blockquote><ul type="square"><li style="margin-left:80px"><blockquote>Investment Grade Corporate Bonds</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote>High Yield Corporate Securities (Junk Bonds)</blockquote></li></ul>Allocations are based on a quantitative model that estimates performance trends for each pairing of these six subsectors of the bond market relative to each other and uses these estimates to generate, on a weekly basis, a positive or negative signal for each of the broad Treasury, TIPS and Corporate classifications. The classifications with positive signals will receive allocations, whereas the classifications with negative signals will not.<br/><br/>Each allocation may be invested in ETFs and/or baskets of securities representative of such ETFs. The fund may invest in a basket of securities to represent an ETF if it determines that investment in the ETF is not feasible or otherwise not in the best interest of the fund. Under normal circumstances, the fund intends to invest at least 80% of its assets in ETFs and/or securities representative of the bond market. <b>Principal Risks </b> The fund may not achieve its objective, and it is not intended to be a complete investment program. The value of the fund&#8217;s investments that supports your share value may decrease. If between the time you purchase shares and the time you sell shares the value of the fund&#8217;s investments decreases, you will lose money. Investment values can decrease for a number of reasons. Conditions affecting the overall economy, specific industries or companies in which the fund invests can be worse than expected, and investments may fail to perform as the subadviser expects. As a result, the value of your shares may decrease. The principal risks of investing in the fund are:<ul type="square"><li style="margin-left:10px"><blockquote><b>Credit Risk.</b> The risk that the issuer of a security will fail to pay interest or principal in a timely manner, or that negative perceptions of the issuer&#8217;s ability to make such payments will cause the price of the security to decline.</blockquote></li></ul><ul type="square"><li style="margin-left:10px"><blockquote><b>Exchange-Traded Funds (ETFs) Risk.</b> The risk that the value of an ETF will be more volatile than the underlying portfolio of securities the ETF is designed to track, or that the costs to the fund of owning shares of the ETF will exceed those the fund would incur by investing in such securities directly.</blockquote></li></ul><ul type="square"><li style="margin-left:10px"><blockquote><b>Fund of Funds Risk.</b> The risk that the underlying funds in which the fund invests will expose the fund to negative performance and additional expenses associated with investment in such funds, and increased volatility.</blockquote></li></ul><ul type="square"><li style="margin-left:10px"><blockquote><b>High Yield-High Risk Fixed Income Securities (Junk Bonds) Risk.</b> The risk that the issuers of high yield-high risk securities in the fund&#8217;s portfolio will default, that the prices of such securities will be volatile, and that the securities will not be liquid.</blockquote></li></ul><ul type="square"><li style="margin-left:10px"><blockquote><b>Interest Rate Risk.</b> The risk that when interest rates rise, the values of the fund&#8217;s debt securities, especially those with longer maturities, will fall.</blockquote></li></ul><ul type="square"><li style="margin-left:10px"><blockquote><b>Market Volatility Risk.</b> The risk that the value of the securities in which the fund invests may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be temporary or may last for extended periods.</blockquote></li></ul><ul type="square"><li style="margin-left:10px"><blockquote><b>U.S. Government Securities Risk.</b> The risk that U.S. Government securities in the fund&#8217;s portfolio will be subject to price fluctuations, or that an agency or instrumentality will default on an obligation not backed by the full faith and credit of the United States.</blockquote></li></ul> <b>Performance Information </b> The fund has not had a full calendar year of operations; therefore, performance information is not shown. December 31, 2013 You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds. 50000 Estimated for current fiscal year. If between the time you purchase shares and the time you sell shares the value of the fund&#8217;s investments decreases, you will lose money. The fund has not had a full calendar year of operations; therefore, performance information is not shown. 0.0375 0 0 0.01 0.01 0 0.008 0.008 0.008 0.0025 0.01 0 0.0057 0.0057 0.0057 0.0019 0.0019 0.0019 0.0181 0.0256 0.0156 -0.0022 -0.0022 -0.0022 0.0159 0.0234 0.0134 531 337 136 858 730 425 531 237 136 858 730 425 <br /><br /><div style="display:none">~ http://www.virtus.com/role/ScheduleShareholderFeesVirtusDisciplinedSelectBondFund column period compact * ~</div><br /><br /> <div style="display:none">~ http://www.virtus.com/role/ScheduleAnnualFundOperatingExpensesVirtusDisciplinedSelectBondFund column period compact * ~</div> <div style="display:none">~ http://www.virtus.com/role/ScheduleExpenseExampleTransposedVirtusDisciplinedSelectBondFund column period compact * ~</div> <div style="display:none">~ http://www.virtus.com/role/ScheduleExpenseExampleNoRedemptionTransposedVirtusDisciplinedSelectBondFund column period compact * ~</div> <div style="display:none">~ http://www.virtus.com/role/ScheduleShareholderFeesVirtusDisciplinedSelectCountryFund column period compact * ~</div> <div style="display:none">~ http://www.virtus.com/role/ScheduleAnnualFundOperatingExpensesVirtusDisciplinedSelectCountryFund column period compact * ~</div> <div style="display:none">~ http://www.virtus.com/role/ScheduleExpenseExampleTransposedVirtusDisciplinedSelectCountryFund column period compact * ~</div> <div style="display:none">~ http://www.virtus.com/role/ScheduleShareholderFeesVirtusDisciplinedEquityStyleFund column period compact * ~</div> <div style="display:none">~ http://www.virtus.com/role/ScheduleAnnualFundOperatingExpensesVirtusDisciplinedEquityStyleFund column period compact * ~</div> <div style="display:none">~ http://www.virtus.com/role/ScheduleExpenseExampleTransposedVirtusDisciplinedEquityStyleFund column period compact * ~</div> 0.0575 0 0 0 0.011 0.011 0.011 0.0025 0.01 0 0.0064 0.0064 0.0064 0.0051 0.0051 0.0051 0.025 0.0325 0.0225 -0.0029 -0.0029 -0.0029 0.0221 0.0296 0.0196 0.01 0.01 786 399 199 1226 915 615 786 299 199 1226 915 615 Estimated for current fiscal year. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds. 50000 If between the time you purchase shares and the time you sell shares the value of the fund&#8217;s investments decreases, you will lose money. The fund has not had a full calendar year of operations; therefore, performance information is not shown. December 31, 2013 <b>Investment Objective </b> The fund has an investment objective of capital appreciation. <b>Fees and Expenses </b> The tables below illustrate all fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and under &#8220;Sales Charges&#8221; on page 22 of the fund&#8217;s prospectus and &#8220;Alternative Purchase Arrangements&#8221; on page of the fund&#8217;s statement of additional information. <b>Example </b> This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund&#8217;s operating expenses remain the same and that the expense reimbursement arrangement remains in place only for the period indicated. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Portfolio Turnover </b> The fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund&#8217;s performance. <b>Principal Risks </b> <b>Performance Information </b> The fund has not had a full calendar year of operations; therefore, performance information is not shown. The fund seeks to outperform the MSCI EAFE<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Index over a full market cycle by tactically allocating net assets among countries included in the MSCI EAFE<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Index. In pursuing this strategy, the fund maintains an emphasis on preservation of capital.<br/><br/>Allocations are based on a quantitative model that provides a positive or negative signal, on a weekly basis, for each country evaluated. Countries with positive signals will receive allocations approximating their relative weights in the MSCI EAFE<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Index. The remaining portfolio assets will be allocated to the subadviser&#8217;s &#8220;minimum volatility portfolio,&#8221; which is designed to limit downside risk. The minimum volatility portfolio is allocated equally among the four countries that, in the subadviser&#8217;s opinion, have exhibited the lowest volatility pattern historically. To mitigate concentration, geographic, and political risk, the four countries in the minimum volatility portfolio cannot be from the same geographic or political region.<br/><br/>Each allocation may be invested in ETFs and/or baskets of securities representative of such ETFs. The fund may invest in a basket of securities to represent an ETF if it determines that investment in the ETF is not feasible or otherwise not in the best interest of the fund. The fund may invest in issuers of any capitalization. <b>Investments, Risks and Performance</b><br /><br /><b>Principal Investment Strategies </b> The fund may not achieve its objective, and it is not intended to be a complete investment program. The value of the fund&#8217;s investments that supports your share value may decrease. If between the time you purchase shares and the time you sell shares the value of the fund&#8217;s investments decreases, you will lose money. Investment values can decrease for a number of reasons. Conditions affecting the overall economy, specific industries or companies in which the fund invests can be worse than expected, and investments may fail to perform as the subadviser expects. As a result, the value of your shares may decrease. The principal risks of investing in the fund are: <ul type="square"> <li style="margin-left:80px"><blockquote><b>Equity Securities Risk.</b> The risk that events negatively affecting issuers, industries or financial markets in which the fund invests will impact the value of the stocks held by the fund and thus, the value of the fund&#8217;s shares over short or extended periods. Investments in smaller companies may be more volatile than investments in larger companies.</blockquote></li> <li style="margin-left:80px"><blockquote><b>Exchange-Traded Funds (ETFs) Risk.</b> The risk that the value of an ETF will be more volatile than the underlying portfolio of securities the ETF is designed to track, or that the costs to the fund of owning shares of the ETF will exceed those the fund would incur by investing in such securities directly.</blockquote></li> <li style="margin-left:80px"><blockquote><b> Foreign Investing Risk.</b> The risk that the prices of foreign securities may be more volatile than those of their domestic counterparts.</blockquote></li> <li style="margin-left:80px"><blockquote><b>Fund of Funds Risk.</b> The risk that the underlying funds in which the fund invests will expose the fund to negative performance and additional expenses associated with investment in such funds, and increased volatility.</blockquote></li> <li style="margin-left:80px"><blockquote><b>Market Volatility Risk.</b> The risk that the value of the securities in which the fund invests may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be temporary or may last for extended periods.</blockquote></li> <li style="margin-left:80px"><blockquote><b>Small and Medium Market Capitalization Companies.</b> Investments in small and medium market capitalization companies may be more volatile than investments in larger companies.</blockquote></li></ul> <b>Virtus Disciplined Select Country Fund</b> Shareholder Fees (fees paid directly from your investment) Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your<br/> investment) <div style="display:none">~ http://www.virtus.com/role/ScheduleExpenseExampleNoRedemptionTransposedVirtusDisciplinedSelectCountryFund column period compact * ~</div> The deferred sales charge is imposed on Class C Shares redeemed during the first year only. <b>Virtus Disciplined Equity Style Fund</b> <b>Investment Objective </b> The fund has an investment objective of capital appreciation. <b>Fees and Expenses </b> The tables below illustrate all fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and under &#8220;Sales Charges&#8221; on page 22 of the fund&#8217;s prospectus and &#8220;Alternative Purchase Arrangements&#8221; on page of the fund&#8217;s statement of additional information. Shareholder Fees (fees paid directly from your investment) Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your<br/> investment) <b>Portfolio Turnover </b> The fund pays transaction costs, such as commissions, when it buys and sells securities (or &#8220;turns over&#8221; its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund&#8217;s performance. <b>Example </b> This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund&#8217;s operating expenses remain the same and that the expense reimbursement arrangement remains in place only for the period indicated. Although your actual costs may be higher or lower, based on these assumptions your costs would be: <b>Investments, Risks and Performance <br/><br/>Principal Investment Strategies </b> The fund seeks to outperform the Russell 3000<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Index over a full market cycle in the U.S. equity market by tactically allocating net assets among six subsets of the U.S. equity universe that make up the Growth and Value equity styles as set forth below. <br /><br /> <blockquote>Growth:</blockquote> <ul type="square"><li style="margin-left:80px"><blockquote> Large-Cap Growth</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote> Mid-Cap Growth</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote> Small-Cap Growth</blockquote></li></ul> <blockquote>Value: </blockquote><ul type="square"><li style="margin-left:80px"><blockquote> Large-Cap Value</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote> Mid-Cap Value</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote> Small-Cap Value</blockquote></li></ul>Allocations are based on a quantitative model that estimates performance trends for each pairing of these six subsets of the U.S. equity market relative to each other and uses these estimates to determine, on a weekly basis, whether the Growth or Value style is better positioned. The fund will invest assets in the equity style with the favorable aggregate score relative to the other style. The ability of the fund to outperform the Russell 3000<sup style="POSITION: relative; BOTTOM: 0.8ex; VERTICAL-ALIGN: baseline">&#174;</sup> Index will depend on, among other things, the length of time and degree to which Growth stocks outperform Value stocks or Value stocks outperform Growth stocks in the U.S. equity market. <br /><br /> Each allocation may be invested in ETFs and/or baskets of securities representative of such ETFs. The fund may invest in a basket of securities to represent an ETF if it determines that investment in the ETF is not feasible or otherwise not in the best interest of the fund. Under normal circumstances, the fund intends to invest at least 80% of its assets in ETFs and/or securities representative of the U.S. equity market. <b>Principal Risks </b> The fund may not achieve its objective, and it is not intended to be a complete investment program. The value of the fund&#8217;s investments that supports your share value may decrease. If between the time you purchase shares and the time you sell shares the value of the fund&#8217;s investments decreases, you will lose money. Investment values can decrease for a number of reasons. Conditions affecting the overall economy, specific industries or companies in which the fund invests can be worse than expected, and investments may fail to perform as the subadviser expects. As a result, the value of your shares may decrease. The principal risks of investing in the fund are: <ul type="square"><li style="margin-left:80px"><blockquote><b> Equity Securities Risk.</b> The risk that events negatively affecting issuers, industries or financial markets in which the fund invests will impact the value of the stocks held by the fund and thus, the value of the fund&#8217;s shares over short or extended periods.</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote><b> Exchange-Traded Funds (ETFs) Risk.</b> The risk that the value of an ETF will be more volatile than the underlying portfolio of securities the ETF is designed to track, or that the costs to the fund of owning shares of the ETF will exceed those the fund would incur by investing in such securities directly.</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote><b> Fund of Funds Risk.</b> The risk that the underlying funds in which the fund invests will expose the fund to negative performance and additional expenses associated with investment in such funds, and increased volatility.</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote><b> Growth Stocks Risk.</b> The risk that the fund will underperform when growth investing is out of favor or that the fund&#8217;s investments will not appreciate as anticipated.</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote><b> Market Volatility Risk.</b> The risk that the value of the securities in which the fund invests may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be temporary or may last for extended periods.</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote><b> Small and Medium Market Capitalization Companies.</b> Investments in small and medium market capitalization companies may be more volatile than investments in larger companies.</blockquote></li></ul><ul type="square"><li style="margin-left:80px"><blockquote><b> Value Stocks Risk.</b> The risk that the fund will underperform when value investing is out of favor or that the fund&#8217;s investments will not appreciate in value as anticipated. </blockquote></li></ul> <b>Performance Information </b> The fund has not had a full calendar year of operations; therefore, performance information is not shown. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds. 50000 December 31, 2013 The deferred sales charge is imposed on Class C Shares redeemed during the first year only. Estimated for current fiscal year. The fund has not had a full calendar year of operations; therefore, performance information is not shown. 0.0575 0 0 0 0.01 0.01 0.01 0.01 0.01 0.0025 0.01 0 0.0061 0.0061 0.0061 0.0023 0.0023 0.0023 0.0209 0.0284 0.0184 -0.0026 -0.0026 -0.0026 0.0183 0.0258 0.0158 750 361 161 1117 802 499 750 261 161 1117 802 499 <div style="display:none">~ http://www.virtus.com/role/ScheduleExpenseExampleNoRedemptionTransposedVirtusDisciplinedEquityStyleFund column period compact * ~</div> If between the time you purchase shares and the time you sell shares the value of the fund&#8217;s investments decreases, you will lose money. The deferred sales charge is imposed on Class C Shares redeemed during the first year only. Estimated for current fiscal year. Estimated for current fiscal year. Estimated for current fiscal year. Generally, Class A Shares are not subject to any charges by the Fund when redeemed; however, a contingent deferred sales charge may be imposed on certain redemptions within 18 months on exchanges from a Virtus non-money market fund into a Virtus money market fund and purchases on which a finder's fee has been paid. The 18-month period begins on the last day of the month preceding the month in which the purchase was made. The deferred sales charge is imposed on Class C Shares redeemed during the first year only. Estimated for current fiscal year. The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding interest, taxes, extraordinary expenses and acquired fund fees and expenses) so that such expenses do not exceed 1.40% for Class A Shares, 2.15% for Class C Shares and 1.15% for Class I Shares through December 31, 2013. 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 under these arrangements for a period of three years following the fiscal year in which such reimbursement occurred. Generally, Class A Shares are not subject to any charges by the Fund when redeemed; however, a contingent deferred sales charge may be imposed on certain redemptions within 18 months on exchanges from a Virtus non-money market fund into a Virtus money market fund and purchases on which a finder's fee has been paid. The 18-month period begins on the last day of the month preceding the month in which the purchase was made. The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding interest, taxes, extraordinary expenses and acquired fund fees and expenses) so that such expenses do not exceed 1.70% for Class A Shares, 2.45% for Class C Shares and 1.45% for Class I Shares through December 31, 2013. 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 under these arrangements for a period of three years following the fiscal year in which such reimbursement occurred. Generally, Class A Shares are not subject to any charges by the Fund when redeemed; however, a contingent deferred sales charge may be imposed on certain redemptions within 18 months on exchanges from a Virtus non-money market fund into a Virtus money market fund and purchases on which a finder's fee has been paid. The 18-month period begins on the last day of the month preceding the month in which the purchase was made. The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding interest, taxes, extraordinary expenses and acquired fund fees and expenses) so that such expenses do not exceed 1.60% for Class A Shares, 2.35% for Class C Shares and 1.35% for Class I Shares through December 31, 2013. 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 under these arrangements for a period of three years following the fiscal year in which such reimbursement occurred. 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v2.4.0.6
Virtus Disciplined Equity Style Fund
Virtus Disciplined Equity Style Fund
Investment Objective
The fund has an investment objective of capital appreciation.
Fees and Expenses
The tables below illustrate all fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and under “Sales Charges” on page 22 of the fund’s prospectus and “Alternative Purchase Arrangements” on page of the fund’s statement of additional information.
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees Virtus Disciplined Equity Style Fund
Class A
Class C
Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) 1.00% [1] 1.00% [2] none
[1] Generally, Class A Shares are not subject to any charges by the Fund when redeemed; however, a contingent deferred sales charge may be imposed on certain redemptions within 18 months on exchanges from a Virtus non-money market fund into a Virtus money market fund and purchases on which a finder's fee has been paid. The 18-month period begins on the last day of the month preceding the month in which the purchase was made.
[2] 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 Disciplined Equity Style Fund
Class A
Class C
Class I
Management Fees 1.00% 1.00% 1.00%
Distribution and Shareholder Servicing (12b-1) Fees 0.25% 1.00% none
Other Expenses [1] 0.61% 0.61% 0.61%
Acquired Fund Fees and Expenses [1] 0.23% 0.23% 0.23%
Total Annual Fund Operating Expenses 2.09% 2.84% 1.84%
Less: Expense Reimbursement [2] (0.26%) (0.26%) (0.26%)
Total Annual Fund Operating Expenses After Expense Reimbursement 1.83% 2.58% 1.58%
[1] Estimated for current fiscal year.
[2] The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding interest, taxes, extraordinary expenses and acquired fund fees and expenses) so that such expenses do not exceed 1.60% for Class A Shares, 2.35% for Class C Shares and 1.35% for Class I Shares through December 31, 2013. 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 under these arrangements for a period of three years following the fiscal year in which such reimbursement occurred.
Example
This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund’s operating expenses remain the same and that the expense reimbursement arrangement remains in place only for the period indicated. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Virtus Disciplined Equity Style Fund (USD $)
1 Year
3 Year
Class A
750 1,117
Class C
361 802
Class I
161 499
Expense Example, No Redemption Virtus Disciplined Equity Style Fund (USD $)
1 Year
3 Year
Class A
750 1,117
Class C
261 802
Class I
161 499
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance.
Investments, Risks and Performance

Principal Investment Strategies
The fund seeks to outperform the Russell 3000® Index over a full market cycle in the U.S. equity market by tactically allocating net assets among six subsets of the U.S. equity universe that make up the Growth and Value equity styles as set forth below.

Growth:
  • Large-Cap Growth
  • Mid-Cap Growth
  • Small-Cap Growth
Value:
  • Large-Cap Value
  • Mid-Cap Value
  • Small-Cap Value
Allocations are based on a quantitative model that estimates performance trends for each pairing of these six subsets of the U.S. equity market relative to each other and uses these estimates to determine, on a weekly basis, whether the Growth or Value style is better positioned. The fund will invest assets in the equity style with the favorable aggregate score relative to the other style. The ability of the fund to outperform the Russell 3000® Index will depend on, among other things, the length of time and degree to which Growth stocks outperform Value stocks or Value stocks outperform Growth stocks in the U.S. equity market.

Each allocation may be invested in ETFs and/or baskets of securities representative of such ETFs. The fund may invest in a basket of securities to represent an ETF if it determines that investment in the ETF is not feasible or otherwise not in the best interest of the fund. Under normal circumstances, the fund intends to invest at least 80% of its assets in ETFs and/or securities representative of the U.S. equity market.
Principal Risks
The fund may not achieve its objective, and it is not intended to be a complete investment program. The value of the fund’s investments that supports your share value may decrease. If between the time you purchase shares and the time you sell shares the value of the fund’s investments decreases, you will lose money. Investment values can decrease for a number of reasons. Conditions affecting the overall economy, specific industries or companies in which the fund invests can be worse than expected, and investments may fail to perform as the subadviser expects. As a result, the value of your shares may decrease. The principal risks of investing in the fund are:
  • Equity Securities Risk. The risk that events negatively affecting issuers, industries or financial markets in which the fund invests will impact the value of the stocks held by the fund and thus, the value of the fund’s shares over short or extended periods.
  • Exchange-Traded Funds (ETFs) Risk. The risk that the value of an ETF will be more volatile than the underlying portfolio of securities the ETF is designed to track, or that the costs to the fund of owning shares of the ETF will exceed those the fund would incur by investing in such securities directly.
  • Fund of Funds Risk. The risk that the underlying funds in which the fund invests will expose the fund to negative performance and additional expenses associated with investment in such funds, and increased volatility.
  • Growth Stocks Risk. The risk that the fund will underperform when growth investing is out of favor or that the fund’s investments will not appreciate as anticipated.
  • Market Volatility Risk. The risk that the value of the securities in which the fund invests may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be temporary or may last for extended periods.
  • Small and Medium Market Capitalization Companies. Investments in small and medium market capitalization companies may be more volatile than investments in larger companies.
  • Value Stocks Risk. The risk that the fund will underperform when value investing is out of favor or that the fund’s investments will not appreciate in value as anticipated.
Performance Information
The fund has not had a full calendar year of operations; therefore, performance information is not shown.
XML 12 R2.htm IDEA: XBRL DOCUMENT v2.4.0.6
Virtus Disciplined Select Bond Fund
Virtus Disciplined Select Bond Fund
Investment Objective
The fund has an investment objective of high total return from current income and capital appreciation.
Fees and Expenses
The tables below illustrate all fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and under “Sales Charges” on page 22 of the fund’s prospectus and “Alternative Purchase Arrangements” on page of the fund’s statement of additional information.
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees Virtus Disciplined Select Bond Fund
Class A
Class C
Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 3.75% none none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) 1.00% [1] 1.00% [2] none
[1] Generally, Class A Shares are not subject to any charges by the Fund when redeemed; however, a contingent deferred sales charge may be imposed on certain redemptions within 18 months on exchanges from a Virtus non-money market fund into a Virtus money market fund and purchases on which a finder's fee has been paid. The 18-month period begins on the last day of the month preceding the month in which the purchase was made.
[2] 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 Disciplined Select Bond Fund
Class A
Class C
Class I
Management Fees 0.80% 0.80% 0.80%
Distribution and Shareholder Servicing (12b-1) Fees 0.25% 1.00% none
Other Expenses [1] 0.57% 0.57% 0.57%
Acquired Fund Fees and Expenses [1] 0.19% 0.19% 0.19%
Total Annual Fund Operating Expenses 1.81% 2.56% 1.56%
Less: Expense Reimbursement [2] (0.22%) (0.22%) (0.22%)
Total Annual Fund Operating Expenses After Expense Reimbursement 1.59% 2.34% 1.34%
[1] Estimated for current fiscal year.
[2] The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding interest, taxes, extraordinary expenses and acquired fund fees and expenses) so that such expenses do not exceed 1.40% for Class A Shares, 2.15% for Class C Shares and 1.15% for Class I Shares through December 31, 2013. 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 under these arrangements for a period of three years following the fiscal year in which such reimbursement occurred.
Example
This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund’s operating expenses remain the same and that the expense reimbursement arrangement remains in place only for the period indicated. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Virtus Disciplined Select Bond Fund (USD $)
1 Year
3 Year
Class A
531 858
Class C
337 730
Class I
136 425
Expense Example, No Redemption Virtus Disciplined Select Bond Fund (USD $)
1 Year
3 Year
Class A
531 858
Class C
237 730
Class I
136 425
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance.
Investments, Risks and Performance

Principal Investment Strategies
The fund seeks to maximize total return over a full market cycle in the bond market by tactically allocating net assets among six subsectors within the broad Treasury, TIPS and Corporate classifications of the bond market as set forth below:
Treasuries:
  • Short term U.S. Treasury Securities (1-3 year maturities)
  • Medium term U.S. Treasury Securities (7-10 year maturities)
  • Long term U.S. Treasury securities (20+ year maturities)
Treasury Inflation Protected Securities (TIPS):
  • TIPS
Corporate Bonds:
  • Investment Grade Corporate Bonds
  • High Yield Corporate Securities (Junk Bonds)
Allocations are based on a quantitative model that estimates performance trends for each pairing of these six subsectors of the bond market relative to each other and uses these estimates to generate, on a weekly basis, a positive or negative signal for each of the broad Treasury, TIPS and Corporate classifications. The classifications with positive signals will receive allocations, whereas the classifications with negative signals will not.

Each allocation may be invested in ETFs and/or baskets of securities representative of such ETFs. The fund may invest in a basket of securities to represent an ETF if it determines that investment in the ETF is not feasible or otherwise not in the best interest of the fund. Under normal circumstances, the fund intends to invest at least 80% of its assets in ETFs and/or securities representative of the bond market.
Principal Risks
The fund may not achieve its objective, and it is not intended to be a complete investment program. The value of the fund’s investments that supports your share value may decrease. If between the time you purchase shares and the time you sell shares the value of the fund’s investments decreases, you will lose money. Investment values can decrease for a number of reasons. Conditions affecting the overall economy, specific industries or companies in which the fund invests can be worse than expected, and investments may fail to perform as the subadviser expects. As a result, the value of your shares may decrease. The principal risks of investing in the fund are:
  • Credit Risk. The risk that the issuer of a security will fail to pay interest or principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of the security to decline.
  • Exchange-Traded Funds (ETFs) Risk. The risk that the value of an ETF will be more volatile than the underlying portfolio of securities the ETF is designed to track, or that the costs to the fund of owning shares of the ETF will exceed those the fund would incur by investing in such securities directly.
  • Fund of Funds Risk. The risk that the underlying funds in which the fund invests will expose the fund to negative performance and additional expenses associated with investment in such funds, and increased volatility.
  • High Yield-High Risk Fixed Income Securities (Junk Bonds) Risk. The risk that the issuers of high yield-high risk securities in the fund’s portfolio will default, that the prices of such securities will be volatile, and that the securities will not be liquid.
  • Interest Rate Risk. The risk that when interest rates rise, the values of the fund’s debt securities, especially those with longer maturities, will fall.
  • Market Volatility Risk. The risk that the value of the securities in which the fund invests may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be temporary or may last for extended periods.
  • U.S. Government Securities Risk. The risk that U.S. Government securities in the fund’s portfolio will be subject to price fluctuations, or that an agency or instrumentality will default on an obligation not backed by the full faith and credit of the United States.
Performance Information
The fund has not had a full calendar year of operations; therefore, performance information is not shown.
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XML 14 R7.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName VIRTUS OPPORTUNITIES TRUST
Prospectus Date rr_ProspectusDate Dec. 18, 2012
Virtus Disciplined Select Bond Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Virtus Disciplined Select Bond Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund has an investment objective of high total return from current income and capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The tables below illustrate all fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and under “Sales Charges” on page 22 of the fund’s prospectus and “Alternative Purchase Arrangements” on page of the fund’s statement of additional information.
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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 31, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance.
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Estimated for current fiscal year.
Acquired Fund Fees and Expenses, Based on Estimates [Text] rr_AcquiredFundFeesAndExpensesBasedOnEstimates Estimated for current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund’s operating expenses remain the same and that the expense reimbursement arrangement remains in place only for the period indicated. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading] rr_StrategyHeading Investments, Risks and Performance

Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The fund seeks to maximize total return over a full market cycle in the bond market by tactically allocating net assets among six subsectors within the broad Treasury, TIPS and Corporate classifications of the bond market as set forth below:
Treasuries:
  • Short term U.S. Treasury Securities (1-3 year maturities)
  • Medium term U.S. Treasury Securities (7-10 year maturities)
  • Long term U.S. Treasury securities (20+ year maturities)
Treasury Inflation Protected Securities (TIPS):
  • TIPS
Corporate Bonds:
  • Investment Grade Corporate Bonds
  • High Yield Corporate Securities (Junk Bonds)
Allocations are based on a quantitative model that estimates performance trends for each pairing of these six subsectors of the bond market relative to each other and uses these estimates to generate, on a weekly basis, a positive or negative signal for each of the broad Treasury, TIPS and Corporate classifications. The classifications with positive signals will receive allocations, whereas the classifications with negative signals will not.

Each allocation may be invested in ETFs and/or baskets of securities representative of such ETFs. The fund may invest in a basket of securities to represent an ETF if it determines that investment in the ETF is not feasible or otherwise not in the best interest of the fund. Under normal circumstances, the fund intends to invest at least 80% of its assets in ETFs and/or securities representative of the bond market.
Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The fund may not achieve its objective, and it is not intended to be a complete investment program. The value of the fund’s investments that supports your share value may decrease. If between the time you purchase shares and the time you sell shares the value of the fund’s investments decreases, you will lose money. Investment values can decrease for a number of reasons. Conditions affecting the overall economy, specific industries or companies in which the fund invests can be worse than expected, and investments may fail to perform as the subadviser expects. As a result, the value of your shares may decrease. The principal risks of investing in the fund are:
  • Credit Risk. The risk that the issuer of a security will fail to pay interest or principal in a timely manner, or that negative perceptions of the issuer’s ability to make such payments will cause the price of the security to decline.
  • Exchange-Traded Funds (ETFs) Risk. The risk that the value of an ETF will be more volatile than the underlying portfolio of securities the ETF is designed to track, or that the costs to the fund of owning shares of the ETF will exceed those the fund would incur by investing in such securities directly.
  • Fund of Funds Risk. The risk that the underlying funds in which the fund invests will expose the fund to negative performance and additional expenses associated with investment in such funds, and increased volatility.
  • High Yield-High Risk Fixed Income Securities (Junk Bonds) Risk. The risk that the issuers of high yield-high risk securities in the fund’s portfolio will default, that the prices of such securities will be volatile, and that the securities will not be liquid.
  • Interest Rate Risk. The risk that when interest rates rise, the values of the fund’s debt securities, especially those with longer maturities, will fall.
  • Market Volatility Risk. The risk that the value of the securities in which the fund invests may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be temporary or may last for extended periods.
  • U.S. Government Securities Risk. The risk that U.S. Government securities in the fund’s portfolio will be subject to price fluctuations, or that an agency or instrumentality will default on an obligation not backed by the full faith and credit of the United States.
Risk Lose Money [Text] rr_RiskLoseMoney If between the time you purchase shares and the time you sell shares the value of the fund’s investments decreases, you will lose money.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance Information
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The fund has not had a full calendar year of operations; therefore, performance information is not shown.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The fund has not had a full calendar year of operations; therefore, performance information is not shown.
Virtus Disciplined Select Bond Fund | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 3.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.57% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.19% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.81%
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.22%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.59%
1 Year rr_ExpenseExampleYear01 531
3 Year rr_ExpenseExampleYear03 858
1 Year rr_ExpenseExampleNoRedemptionYear01 531
3 Year rr_ExpenseExampleNoRedemptionYear03 858
Virtus Disciplined Select Bond Fund | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [4]
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.57% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.19% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.56%
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.22%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 2.34%
1 Year rr_ExpenseExampleYear01 337
3 Year rr_ExpenseExampleYear03 730
1 Year rr_ExpenseExampleNoRedemptionYear01 237
3 Year rr_ExpenseExampleNoRedemptionYear03 730
Virtus Disciplined Select Bond Fund | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 0.80%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.57% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.19% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.56%
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.22%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.34%
1 Year rr_ExpenseExampleYear01 136
3 Year rr_ExpenseExampleYear03 425
1 Year rr_ExpenseExampleNoRedemptionYear01 136
3 Year rr_ExpenseExampleNoRedemptionYear03 425
[1] Generally, Class A Shares are not subject to any charges by the Fund when redeemed; however, a contingent deferred sales charge may be imposed on certain redemptions within 18 months on exchanges from a Virtus non-money market fund into a Virtus money market fund and purchases on which a finder's fee has been paid. The 18-month period begins on the last day of the month preceding the month in which the purchase was made.
[2] Estimated for current fiscal year.
[3] The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding interest, taxes, extraordinary expenses and acquired fund fees and expenses) so that such expenses do not exceed 1.40% for Class A Shares, 2.15% for Class C Shares and 1.15% for Class I Shares through December 31, 2013. 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 under these arrangements for a period of three years following the fiscal year in which such reimbursement occurred.
[4] The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
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Document and Entity Information
12 Months Ended
Dec. 18, 2012
Risk/Return:  
Document Type 485BPOS
Document Period End Date Dec. 18, 2012
Registrant Name VIRTUS OPPORTUNITIES TRUST
Central Index Key 0001005020
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Document Creation Date Dec. 18, 2012
Document Effective Date Dec. 18, 2012
Prospectus Date Dec. 18, 2012
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName VIRTUS OPPORTUNITIES TRUST
Prospectus Date rr_ProspectusDate Dec. 18, 2012
Virtus Disciplined Select Country Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Virtus Disciplined Select Country Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund has an investment objective of capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The tables below illustrate all fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and under “Sales Charges” on page 22 of the fund’s prospectus and “Alternative Purchase Arrangements” on page of the fund’s statement of additional information.
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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 31, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance.
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Estimated for current fiscal year.
Acquired Fund Fees and Expenses, Based on Estimates [Text] rr_AcquiredFundFeesAndExpensesBasedOnEstimates Estimated for current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund’s operating expenses remain the same and that the expense reimbursement arrangement remains in place only for the period indicated. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading] rr_StrategyHeading Investments, Risks and Performance

Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The fund seeks to outperform the MSCI EAFE® Index over a full market cycle by tactically allocating net assets among countries included in the MSCI EAFE® Index. In pursuing this strategy, the fund maintains an emphasis on preservation of capital.

Allocations are based on a quantitative model that provides a positive or negative signal, on a weekly basis, for each country evaluated. Countries with positive signals will receive allocations approximating their relative weights in the MSCI EAFE® Index. The remaining portfolio assets will be allocated to the subadviser’s “minimum volatility portfolio,” which is designed to limit downside risk. The minimum volatility portfolio is allocated equally among the four countries that, in the subadviser’s opinion, have exhibited the lowest volatility pattern historically. To mitigate concentration, geographic, and political risk, the four countries in the minimum volatility portfolio cannot be from the same geographic or political region.

Each allocation may be invested in ETFs and/or baskets of securities representative of such ETFs. The fund may invest in a basket of securities to represent an ETF if it determines that investment in the ETF is not feasible or otherwise not in the best interest of the fund. The fund may invest in issuers of any capitalization.
Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The fund may not achieve its objective, and it is not intended to be a complete investment program. The value of the fund’s investments that supports your share value may decrease. If between the time you purchase shares and the time you sell shares the value of the fund’s investments decreases, you will lose money. Investment values can decrease for a number of reasons. Conditions affecting the overall economy, specific industries or companies in which the fund invests can be worse than expected, and investments may fail to perform as the subadviser expects. As a result, the value of your shares may decrease. The principal risks of investing in the fund are:
  • Equity Securities Risk. The risk that events negatively affecting issuers, industries or financial markets in which the fund invests will impact the value of the stocks held by the fund and thus, the value of the fund’s shares over short or extended periods. Investments in smaller companies may be more volatile than investments in larger companies.
  • Exchange-Traded Funds (ETFs) Risk. The risk that the value of an ETF will be more volatile than the underlying portfolio of securities the ETF is designed to track, or that the costs to the fund of owning shares of the ETF will exceed those the fund would incur by investing in such securities directly.
  • Foreign Investing Risk. The risk that the prices of foreign securities may be more volatile than those of their domestic counterparts.
  • Fund of Funds Risk. The risk that the underlying funds in which the fund invests will expose the fund to negative performance and additional expenses associated with investment in such funds, and increased volatility.
  • Market Volatility Risk. The risk that the value of the securities in which the fund invests may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be temporary or may last for extended periods.
  • Small and Medium Market Capitalization Companies. Investments in small and medium market capitalization companies may be more volatile than investments in larger companies.
Risk Lose Money [Text] rr_RiskLoseMoney If between the time you purchase shares and the time you sell shares the value of the fund’s investments decreases, you will lose money.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance Information
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The fund has not had a full calendar year of operations; therefore, performance information is not shown.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The fund has not had a full calendar year of operations; therefore, performance information is not shown.
Virtus Disciplined Select Country Fund | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 1.10%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.64% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.51% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.50%
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.29%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 2.21%
1 Year rr_ExpenseExampleYear01 786
3 Year rr_ExpenseExampleYear03 1,226
1 Year rr_ExpenseExampleNoRedemptionYear01 786
3 Year rr_ExpenseExampleNoRedemptionYear03 1,226
Virtus Disciplined Select Country Fund | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [4]
Management Fees rr_ManagementFeesOverAssets 1.10%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.64% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.51% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 3.25%
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.29%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 2.96%
1 Year rr_ExpenseExampleYear01 399
3 Year rr_ExpenseExampleYear03 915
1 Year rr_ExpenseExampleNoRedemptionYear01 299
3 Year rr_ExpenseExampleNoRedemptionYear03 915
Virtus Disciplined Select Country Fund | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 1.10%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.64% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.51% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.25%
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.29%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.96%
1 Year rr_ExpenseExampleYear01 199
3 Year rr_ExpenseExampleYear03 615
1 Year rr_ExpenseExampleNoRedemptionYear01 199
3 Year rr_ExpenseExampleNoRedemptionYear03 615
[1] Generally, Class A Shares are not subject to any charges by the Fund when redeemed; however, a contingent deferred sales charge may be imposed on certain redemptions within 18 months on exchanges from a Virtus non-money market fund into a Virtus money market fund and purchases on which a finder's fee has been paid. The 18-month period begins on the last day of the month preceding the month in which the purchase was made.
[2] Estimated for current fiscal year.
[3] The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding interest, taxes, extraordinary expenses and acquired fund fees and expenses) so that such expenses do not exceed 1.70% for Class A Shares, 2.45% for Class C Shares and 1.45% for Class I Shares through December 31, 2013. 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 under these arrangements for a period of three years following the fiscal year in which such reimbursement occurred.
[4] The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
XML 18 R13.htm IDEA: XBRL DOCUMENT v2.4.0.6
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName VIRTUS OPPORTUNITIES TRUST
Prospectus Date rr_ProspectusDate Dec. 18, 2012
Virtus Disciplined Equity Style Fund
 
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading Virtus Disciplined Equity Style Fund
Objective [Heading] rr_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] rr_ObjectivePrimaryTextBlock The fund has an investment objective of capital appreciation.
Expense [Heading] rr_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock The tables below illustrate all fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and under “Sales Charges” on page 22 of the fund’s prospectus and “Alternative Purchase Arrangements” on page of the fund’s statement of additional information.
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)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination December 31, 2013
Portfolio Turnover [Heading] rr_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] rr_PortfolioTurnoverTextBlock The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance.
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
Expense Breakpoint Discounts [Text] rr_ExpenseBreakpointDiscounts You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds.
Expense Breakpoint, Minimum Investment Required [Amount] rr_ExpenseBreakpointMinimumInvestmentRequiredAmount 50,000
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates Estimated for current fiscal year.
Acquired Fund Fees and Expenses, Based on Estimates [Text] rr_AcquiredFundFeesAndExpensesBasedOnEstimates Estimated for current fiscal year.
Expense Example [Heading] rr_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund’s operating expenses remain the same and that the expense reimbursement arrangement remains in place only for the period indicated. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading] rr_StrategyHeading Investments, Risks and Performance

Principal Investment Strategies
Strategy Narrative [Text Block] rr_StrategyNarrativeTextBlock The fund seeks to outperform the Russell 3000® Index over a full market cycle in the U.S. equity market by tactically allocating net assets among six subsets of the U.S. equity universe that make up the Growth and Value equity styles as set forth below.

Growth:
  • Large-Cap Growth
  • Mid-Cap Growth
  • Small-Cap Growth
Value:
  • Large-Cap Value
  • Mid-Cap Value
  • Small-Cap Value
Allocations are based on a quantitative model that estimates performance trends for each pairing of these six subsets of the U.S. equity market relative to each other and uses these estimates to determine, on a weekly basis, whether the Growth or Value style is better positioned. The fund will invest assets in the equity style with the favorable aggregate score relative to the other style. The ability of the fund to outperform the Russell 3000® Index will depend on, among other things, the length of time and degree to which Growth stocks outperform Value stocks or Value stocks outperform Growth stocks in the U.S. equity market.

Each allocation may be invested in ETFs and/or baskets of securities representative of such ETFs. The fund may invest in a basket of securities to represent an ETF if it determines that investment in the ETF is not feasible or otherwise not in the best interest of the fund. Under normal circumstances, the fund intends to invest at least 80% of its assets in ETFs and/or securities representative of the U.S. equity market.
Risk [Heading] rr_RiskHeading Principal Risks
Risk Narrative [Text Block] rr_RiskNarrativeTextBlock The fund may not achieve its objective, and it is not intended to be a complete investment program. The value of the fund’s investments that supports your share value may decrease. If between the time you purchase shares and the time you sell shares the value of the fund’s investments decreases, you will lose money. Investment values can decrease for a number of reasons. Conditions affecting the overall economy, specific industries or companies in which the fund invests can be worse than expected, and investments may fail to perform as the subadviser expects. As a result, the value of your shares may decrease. The principal risks of investing in the fund are:
  • Equity Securities Risk. The risk that events negatively affecting issuers, industries or financial markets in which the fund invests will impact the value of the stocks held by the fund and thus, the value of the fund’s shares over short or extended periods.
  • Exchange-Traded Funds (ETFs) Risk. The risk that the value of an ETF will be more volatile than the underlying portfolio of securities the ETF is designed to track, or that the costs to the fund of owning shares of the ETF will exceed those the fund would incur by investing in such securities directly.
  • Fund of Funds Risk. The risk that the underlying funds in which the fund invests will expose the fund to negative performance and additional expenses associated with investment in such funds, and increased volatility.
  • Growth Stocks Risk. The risk that the fund will underperform when growth investing is out of favor or that the fund’s investments will not appreciate as anticipated.
  • Market Volatility Risk. The risk that the value of the securities in which the fund invests may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be temporary or may last for extended periods.
  • Small and Medium Market Capitalization Companies. Investments in small and medium market capitalization companies may be more volatile than investments in larger companies.
  • Value Stocks Risk. The risk that the fund will underperform when value investing is out of favor or that the fund’s investments will not appreciate in value as anticipated.
Risk Lose Money [Text] rr_RiskLoseMoney If between the time you purchase shares and the time you sell shares the value of the fund’s investments decreases, you will lose money.
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance Information
Performance Narrative [Text Block] rr_PerformanceNarrativeTextBlock The fund has not had a full calendar year of operations; therefore, performance information is not shown.
Performance One Year or Less [Text] rr_PerformanceOneYearOrLess The fund has not had a full calendar year of operations; therefore, performance information is not shown.
Virtus Disciplined Equity Style Fund | Class A
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.75%
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [1]
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.61% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.23% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.09%
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.26%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.83%
1 Year rr_ExpenseExampleYear01 750
3 Year rr_ExpenseExampleYear03 1,117
1 Year rr_ExpenseExampleNoRedemptionYear01 750
3 Year rr_ExpenseExampleNoRedemptionYear03 1,117
Virtus Disciplined Equity Style Fund | Class C
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [4]
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.61% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.23% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.84%
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.26%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 2.58%
1 Year rr_ExpenseExampleYear01 361
3 Year rr_ExpenseExampleYear03 802
1 Year rr_ExpenseExampleNoRedemptionYear01 261
3 Year rr_ExpenseExampleNoRedemptionYear03 802
Virtus Disciplined Equity Style Fund | Class I
 
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Management Fees rr_ManagementFeesOverAssets 1.00%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.61% [2]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.23% [2]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.84%
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.26%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.58%
1 Year rr_ExpenseExampleYear01 161
3 Year rr_ExpenseExampleYear03 499
1 Year rr_ExpenseExampleNoRedemptionYear01 161
3 Year rr_ExpenseExampleNoRedemptionYear03 499
[1] Generally, Class A Shares are not subject to any charges by the Fund when redeemed; however, a contingent deferred sales charge may be imposed on certain redemptions within 18 months on exchanges from a Virtus non-money market fund into a Virtus money market fund and purchases on which a finder's fee has been paid. The 18-month period begins on the last day of the month preceding the month in which the purchase was made.
[2] Estimated for current fiscal year.
[3] The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding interest, taxes, extraordinary expenses and acquired fund fees and expenses) so that such expenses do not exceed 1.60% for Class A Shares, 2.35% for Class C Shares and 1.35% for Class I Shares through December 31, 2013. 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 under these arrangements for a period of three years following the fiscal year in which such reimbursement occurred.
[4] The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
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Virtus Disciplined Select Country Fund
Virtus Disciplined Select Country Fund
Investment Objective
The fund has an investment objective of capital appreciation.
Fees and Expenses
The tables below illustrate all fees and expenses that you may pay if you buy and hold shares of the fund. You may qualify for sales charge discounts if you and your family invest, or agree to invest in the future, at least $50,000 in Virtus Mutual Funds. More information about these and other discounts, as well as eligibility requirements for each share class, is available from your financial advisor and under “Sales Charges” on page 22 of the fund’s prospectus and “Alternative Purchase Arrangements” on page of the fund’s statement of additional information.
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees Virtus Disciplined Select Country Fund
Class A
Class C
Class I
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) 5.75% none none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) 1.00% [1] 1.00% [2] none
[1] Generally, Class A Shares are not subject to any charges by the Fund when redeemed; however, a contingent deferred sales charge may be imposed on certain redemptions within 18 months on exchanges from a Virtus non-money market fund into a Virtus money market fund and purchases on which a finder's fee has been paid. The 18-month period begins on the last day of the month preceding the month in which the purchase was made.
[2] 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 Disciplined Select Country Fund
Class A
Class C
Class I
Management Fees 1.10% 1.10% 1.10%
Distribution and Shareholder Servicing (12b-1) Fees 0.25% 1.00% none
Other Expenses [1] 0.64% 0.64% 0.64%
Acquired Fund Fees and Expenses [1] 0.51% 0.51% 0.51%
Total Annual Fund Operating Expenses 2.50% 3.25% 2.25%
Less: Expense Reimbursement [2] (0.29%) (0.29%) (0.29%)
Total Annual Fund Operating Expenses After Expense Reimbursement 2.21% 2.96% 1.96%
[1] Estimated for current fiscal year.
[2] The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding interest, taxes, extraordinary expenses and acquired fund fees and expenses) so that such expenses do not exceed 1.70% for Class A Shares, 2.45% for Class C Shares and 1.45% for Class I Shares through December 31, 2013. 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 under these arrangements for a period of three years following the fiscal year in which such reimbursement occurred.
Example
This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods. The example also assumes that your investment has a 5% return each year and that the fund’s operating expenses remain the same and that the expense reimbursement arrangement remains in place only for the period indicated. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example Virtus Disciplined Select Country Fund (USD $)
1 Year
3 Year
Class A
786 1,226
Class C
399 915
Class I
199 615
Expense Example, No Redemption Virtus Disciplined Select Country Fund (USD $)
1 Year
3 Year
Class A
786 1,226
Class C
299 915
Class I
199 615
Portfolio Turnover
The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance.
Investments, Risks and Performance

Principal Investment Strategies
The fund seeks to outperform the MSCI EAFE® Index over a full market cycle by tactically allocating net assets among countries included in the MSCI EAFE® Index. In pursuing this strategy, the fund maintains an emphasis on preservation of capital.

Allocations are based on a quantitative model that provides a positive or negative signal, on a weekly basis, for each country evaluated. Countries with positive signals will receive allocations approximating their relative weights in the MSCI EAFE® Index. The remaining portfolio assets will be allocated to the subadviser’s “minimum volatility portfolio,” which is designed to limit downside risk. The minimum volatility portfolio is allocated equally among the four countries that, in the subadviser’s opinion, have exhibited the lowest volatility pattern historically. To mitigate concentration, geographic, and political risk, the four countries in the minimum volatility portfolio cannot be from the same geographic or political region.

Each allocation may be invested in ETFs and/or baskets of securities representative of such ETFs. The fund may invest in a basket of securities to represent an ETF if it determines that investment in the ETF is not feasible or otherwise not in the best interest of the fund. The fund may invest in issuers of any capitalization.
Principal Risks
The fund may not achieve its objective, and it is not intended to be a complete investment program. The value of the fund’s investments that supports your share value may decrease. If between the time you purchase shares and the time you sell shares the value of the fund’s investments decreases, you will lose money. Investment values can decrease for a number of reasons. Conditions affecting the overall economy, specific industries or companies in which the fund invests can be worse than expected, and investments may fail to perform as the subadviser expects. As a result, the value of your shares may decrease. The principal risks of investing in the fund are:
  • Equity Securities Risk. The risk that events negatively affecting issuers, industries or financial markets in which the fund invests will impact the value of the stocks held by the fund and thus, the value of the fund’s shares over short or extended periods. Investments in smaller companies may be more volatile than investments in larger companies.
  • Exchange-Traded Funds (ETFs) Risk. The risk that the value of an ETF will be more volatile than the underlying portfolio of securities the ETF is designed to track, or that the costs to the fund of owning shares of the ETF will exceed those the fund would incur by investing in such securities directly.
  • Foreign Investing Risk. The risk that the prices of foreign securities may be more volatile than those of their domestic counterparts.
  • Fund of Funds Risk. The risk that the underlying funds in which the fund invests will expose the fund to negative performance and additional expenses associated with investment in such funds, and increased volatility.
  • Market Volatility Risk. The risk that the value of the securities in which the fund invests may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be temporary or may last for extended periods.
  • Small and Medium Market Capitalization Companies. Investments in small and medium market capitalization companies may be more volatile than investments in larger companies.
Performance Information
The fund has not had a full calendar year of operations; therefore, performance information is not shown.
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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Registrant Name dei_EntityRegistrantName VIRTUS OPPORTUNITIES TRUST
Prospectus Date rr_ProspectusDate Dec. 18, 2012
Document Creation Date dei_DocumentCreationDate Dec. 18, 2012