0001571049-15-003927.txt : 20150511 0001571049-15-003927.hdr.sgml : 20150511 20150511144854 ACCESSION NUMBER: 0001571049-15-003927 CONFORMED SUBMISSION TYPE: 497 PUBLIC DOCUMENT COUNT: 1 FILED AS OF DATE: 20150511 DATE AS OF CHANGE: 20150511 EFFECTIVENESS DATE: 20150511 FILER: COMPANY DATA: COMPANY CONFORMED NAME: VIRTUS OPPORTUNITIES TRUST CENTRAL INDEX KEY: 0001005020 IRS NUMBER: 000000000 STATE OF INCORPORATION: DE FISCAL YEAR END: 0930 FILING VALUES: FORM TYPE: 497 SEC ACT: 1933 Act SEC FILE NUMBER: 033-65137 FILM NUMBER: 15850210 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 S000018010 VIRTUS DYNAMIC ALPHASECTOR FUND C000049924 Class A EMNAX C000049925 Class B EMNBX C000049926 Class C EMNCX C000081782 Class I VIMNX C000148856 Class R6 VDARX 0001005020 S000018974 VIRTUS ALPHASECTOR ROTATION FUND C000052533 Class A PWBAX C000052534 Class C PWBCX C000081783 Class I VARIX 0001005020 S000029390 Virtus Premium AlphaSector Fund C000090272 Class A VAPAX C000090273 Class C VAPCX C000090274 Class I VAPIX C000148858 Class R6 VRPAX 0001005020 S000031600 Virtus Allocator Premium AlphaSector Fund C000098360 Class A VAAAX C000098361 Class C VAACX C000098362 Class I VAISX 0001005020 S000031601 Virtus Global Premium AlphaSector Fund C000098363 Class A VGPAX C000098364 Class C VGPCX C000098365 Class I VGPIX 497 1 t1501131.htm VIRTUS OPPORTUNITIES TRUST

Virtus Allocator Premium AlphaSector® Fund,

Virtus AlphaSector® Rotation Fund,

Virtus Dynamic AlphaSector® Fund,

Virtus Global Premium AlphaSector® Fund,

Virtus Premium AlphaSector® Fund,

each a series of Virtus Opportunities Trust

 

Supplement dated May 11, 2015 to the Statement of Additional Information (“SAI”) dated March 23, 2015

 

THIS SUPPLEMENT SUPERCEDES THE SUPPLEMENT DATED MAY 11, 2015

TO THE ABOVE-REFERENCED SAI. THIS SUPPLEMENT CORRECTS A

TYPOGRAPHICAL ERROR IN A FUND NAME ON PAGE TWO OF THE PRIOR SUPPLEMENT.

 

 

Important Notice to Investors

 

Effective May 11, 2015, each of the above-named funds’ current limited services subadviser, F-Squared Alternative Investments, LLC or F-Squared Institutional Advisors, LLC, as applicable, is removed as limited services subadviser. Accordingly, effective May 11, 2015, all references to F-Squared Alternative Investments, LLC and F-Squared Institutional Advisors, LLC (collectively, “F-Squared”), and to Alexey Panchekha as portfolio manager, are hereby removed from the funds’ SAI.

 

Virtus Investment Advisers, Inc., the funds’ investment adviser, and Euclid Advisors LLC, the funds’ subadviser, will continue to serve in their respective capacities.

 

Additionally, effective May 11, 2015, each fund’s name has changed as shown in the table below and references to each of the funds throughout the SAI are hereby amended:

 

Prior Fund Name New Fund Name
Virtus Allocator Premium AlphaSector Fund Virtus Multi-Asset Trend Fund
Virtus AlphaSector Rotation Fund Virtus Sector Trend Fund
Virtus Dynamic AlphaSector Fund Virtus Dynamic Trend Fund
Virtus Global Premium AlphaSector Fund Virtus Global Equity Trend Fund
Virtus Premium AlphaSector Fund Virtus Equity Trend Fund

 

Additional disclosure changes are described below and are also effective May 11, 2015.

 

The glossary entries for each of the funds are hereby replaced with the following:

 

Dynamic Trend Fund Virtus Dynamic Trend Fund
Equity Trend Fund Virtus Equity Trend Fund
Global Equity Trend Fund Virtus Global Equity Trend Fund
Multi-Asset Trend Fund Virtus Multi-Asset Trend Fund
Sector Trend Fund Virtus Sector Trend Fund

 

Additionally, the glossary entry for AlphaSector Funds is hereby replaced with the following and all glossary entries using the term “AlphaSector Funds” in them are hereby amended to use the term “Trend Funds.”

 

Trend Funds Collectively, Dynamic Trend Fund, Equity Trend Fund, Global Equity Trend Fund, Multi-Asset Trend Fund and Sector Trend Fund

 

In the section “Investment Advisory Agreement and Expense Limitation Agreement,” the disclosure regarding the investment advisory fees for the funds shown below is hereby replaced with the following:

 
 

 

First $10 billion $10+ billion
Virtus Equity Trend Fund 1.00% 0.95%

 

 

 

First $2 billion

 $2+ billion through $4 billion

 

 

$4+ billion

Virtus Global Equity Trend Fund 1.00% 0.95% 0.90%
Virtus Multi-Asset Trend Fund 1.00% 0.95% 0.90%

 

In the section “Portfolio Managers,” the table showing the portfolio managers for each of the funds is hereby amended by replacing the rows for the funds shown below with the following information:

 

Fund Portfolio Manager
Virtus Dynamic Trend Fund

Warun Kumar

Amy Robinson

Virtus Equity Trend Fund

Warun Kumar

Amy Robinson

Virtus Global Equity Trend Fund

Warun Kumar

Amy Robinson

Virtus Multi-Asset Trend Fund

Warun Kumar

Amy Robinson

Virtus Sector Trend Fund

Warun Kumar

Amy Robinson

 

Also in the section “Portfolio Managers,” the tables showing other accounts managed by portfolio managers are hereby amended by deleting the information relating to Alexey Panchekha and adding the following information relating to Warun Kumar:

 

Other Accounts Managed (no Performance-Based Fees)

Registered Investment Companies

Other Pooled Investment Vehicles

(PIVs)

 Other Accounts
Portfolio Manager Number of Accounts

Total

Assets

 Number of Accounts Total Assets Number of Accounts Total Assets
Warun Kumar* 3 $157.8 million 0 $0 0 $0

 

Other Accounts Managed (with Performance-Based Fees)

Registered Investment Companies

Other Pooled Investment Vehicles

(PIVs)

 Other Accounts
Portfolio Manager Number of Accounts

Total

Assets

 Number of Accounts Total Assets Number of Accounts Total Assets
Warun Kumar* 0 $0 0 $0 0 $0

*Information as of March 31, 2015.

 

Under “Portfolio Manager Fund Ownership,” the table showing dollar ranges of equity securities beneficially owned by each portfolio manager in each fund for which he or she serves as portfolio manager is hereby amended by deleting the information relating to Alexey Panchekha and adding the following information relating to Warun Kumar:

 
 

 

Portfolio Manager

Dollar Range of Equity Securities

Beneficially Owned in Fund Managed

Fund Dollar Range
Warun Kumar* Dynamic Trend Fund None
Equity Trend Fund None
Global Equity Trend Fund None
Multi-Asset Trend Fund None
Sector Trend Fund None

*Information as of March 31, 2015.

 

In the subsection “Portfolio Manager Compensation, the caption “Duff & Phelps, Euclid, Kayne, Newfound and Newfleet” is hereby replaced with “VIA, Duff & Phelps, Euclid, Kayne, Newfleet, Newfound and Rampart.”

 

Investors should retain this supplement with the

SAI for future reference.

 

VOT 8020 SAI/ASFsChanges (5/2015)