XML 20 R5.htm IDEA: XBRL DOCUMENT

Label

Element

Value

Risk/Return:

rr_RiskReturnAbstract

dei_DocumentType

497

Document Period End Date

dei_DocumentPeriodEndDate

Sep. 30, 2014

Registrant Name

dei_EntityRegistrantName

VIRTUS OPPORTUNITIES TRUST

Central Index Key

dei_EntityCentralIndexKey

0001005020

dei_AmendmentFlag

false

dei_TradingSymbol

VOT

Document Creation Date

dei_DocumentCreationDate

May 18, 2015

Document Effective Date

dei_DocumentEffectiveDate

May 18, 2015

Prospectus Date

rr_ProspectusDate

Jan. 28, 2015

VIRTUS DYNAMIC TREND FUND

Risk/Return:

rr_RiskReturnAbstract

Risk/Return [Heading]

rr_RiskReturnHeading

Virtus Dynamic Trend Fund

Supplement [Text Block]

vot_SupplementTextBlock

Virtus Dynamic Trend Fund,

a series of Virtus Opportunities Trust

Supplement dated May 18, 2015 to the Summary and

Statutory Prospectuses dated January 28, 2015, as supplemented

Important Notice to Investors

Virtus Dynamic Trend Fund

In light of changes to the fund’s principal investment strategies that were effective on May 11, 2015, the fund does not expect to incur acquired fund fees and expenses at a level that would require separate disclosure and also expects the dividends on short sales and interest expenses to be lower than previously disclosed. Accordingly, the “Annual Fund Operating Expenses” table in the summary prospectus and in the summary section of the statutory prospectus is hereby replaced with the following:

All other disclosure concerning the funds, including fees and expenses, remains unchanged from their prospectuses dated January 28, 2015, as supplemented May 11, 2015.

Investors should retain this supplement with the

Prospectuses for future reference.

Other Expenses, New Fund, Based on Estimates [Text]

rr_OtherExpensesNewFundBasedOnEstimates

Estimated for current fiscal year, as annualized.

Acquired Fund Fees and Expenses, Based on Estimates [Text]

rr_AcquiredFundFeesAndExpensesBasedOnEstimates

Restated to estimate expenses expected to be incurred based on changes to principal investment strategies that were effective on May 11, 2015.

Expenses Restated to Reflect Current [Text]

rr_ExpensesRestatedToReflectCurrent

Restated to reflect current management fees. Management Fees are lower than the contractual base fee rate due to effect of the performance fee adjustment. Performance fee adjustments may increase or decrease the management fee by up to +/- 1.00% of the average net assets of the fund during a rolling 36-month period.

Expense Example Narrative [Text Block]

rr_ExpenseExampleNarrativeTextBlock

The “Example” table in the summary prospectus and in the summary section of the statutory prospectus is hereby replaced with the following. This table reflects the effect of the lower effective management fee and the reductions to the fund’s expenses described above.

VIRTUS DYNAMIC TREND FUND | Class A

Risk/Return:

rr_RiskReturnAbstract

dei_TradingSymbol

EMNAX

Management Fees

rr_ManagementFeesOverAssets

^[1]

Distribution and Servicing (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

Dividends on Short Sales and Interest Expense

rr_Component1OtherExpensesOverAssets

^[2]

Remainder of Other Expenses

rr_Component2OtherExpensesOverAssets

Total Other Expenses

rr_OtherExpensesOverAssets

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

rr_ExpenseExampleYear01

rr_ExpenseExampleYear03

rr_ExpenseExampleYear05

rr_ExpenseExampleYear10

rr_ExpenseExampleNoRedemptionYear01

rr_ExpenseExampleNoRedemptionYear03

rr_ExpenseExampleNoRedemptionYear05

rr_ExpenseExampleNoRedemptionYear10

VIRTUS DYNAMIC TREND FUND | Class B

Risk/Return:

rr_RiskReturnAbstract

dei_TradingSymbol

EMNBX

Management Fees

rr_ManagementFeesOverAssets

^[1]

Distribution and Servicing (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

Dividends on Short Sales and Interest Expense

rr_Component1OtherExpensesOverAssets

^[2]

Remainder of Other Expenses

rr_Component2OtherExpensesOverAssets

Total Other Expenses

rr_OtherExpensesOverAssets

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

rr_ExpenseExampleYear01

rr_ExpenseExampleYear03

rr_ExpenseExampleYear05

rr_ExpenseExampleYear10

rr_ExpenseExampleNoRedemptionYear01

rr_ExpenseExampleNoRedemptionYear03

rr_ExpenseExampleNoRedemptionYear05

rr_ExpenseExampleNoRedemptionYear10

VIRTUS DYNAMIC TREND FUND | Class C

Risk/Return:

rr_RiskReturnAbstract

dei_TradingSymbol

EMNCX

Management Fees

rr_ManagementFeesOverAssets

^[1]

Distribution and Servicing (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

Dividends on Short Sales and Interest Expense

rr_Component1OtherExpensesOverAssets

^[2]

Remainder of Other Expenses

rr_Component2OtherExpensesOverAssets

Total Other Expenses

rr_OtherExpensesOverAssets

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

rr_ExpenseExampleYear01

rr_ExpenseExampleYear03

rr_ExpenseExampleYear05

rr_ExpenseExampleYear10

rr_ExpenseExampleNoRedemptionYear01

rr_ExpenseExampleNoRedemptionYear03

rr_ExpenseExampleNoRedemptionYear05

rr_ExpenseExampleNoRedemptionYear10

VIRTUS DYNAMIC TREND FUND | Class I

Risk/Return:

rr_RiskReturnAbstract

dei_TradingSymbol

VIMNX

Management Fees

rr_ManagementFeesOverAssets

^[1]

Distribution and Servicing (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Dividends on Short Sales and Interest Expense

rr_Component1OtherExpensesOverAssets

^[2]

Remainder of Other Expenses

rr_Component2OtherExpensesOverAssets

Total Other Expenses

rr_OtherExpensesOverAssets

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

rr_ExpenseExampleYear01

rr_ExpenseExampleYear03

rr_ExpenseExampleYear05

rr_ExpenseExampleYear10

rr_ExpenseExampleNoRedemptionYear01

rr_ExpenseExampleNoRedemptionYear03

rr_ExpenseExampleNoRedemptionYear05

rr_ExpenseExampleNoRedemptionYear10

VIRTUS DYNAMIC TREND FUND | Class R6

Risk/Return:

rr_RiskReturnAbstract

dei_TradingSymbol

VDARX

Management Fees

rr_ManagementFeesOverAssets

^[1]

Distribution and Servicing (12b-1) Fees

rr_DistributionAndService12b1FeesOverAssets

none

Dividends on Short Sales and Interest Expense

rr_Component1OtherExpensesOverAssets

^[2]

Remainder of Other Expenses

rr_Component2OtherExpensesOverAssets

^[3]

Total Other Expenses

rr_OtherExpensesOverAssets

Total Annual Fund Operating Expenses

rr_ExpensesOverAssets

rr_ExpenseExampleYear01

rr_ExpenseExampleYear03

rr_ExpenseExampleYear05

rr_ExpenseExampleYear10

rr_ExpenseExampleNoRedemptionYear01

rr_ExpenseExampleNoRedemptionYear03

rr_ExpenseExampleNoRedemptionYear05

rr_ExpenseExampleNoRedemptionYear10

[1]	Restated to reflect current management fees. Management Fees are lower than the contractual base fee rate due to effect of the performance fee adjustment. Performance fee adjustments may increase or decrease the management fee by up to +/- 1.00% of the average net assets of the fund during a rolling 36-month period.
[2]	Restated to estimate expenses expected to be incurred based on changes to principal investment strategies that were effective on May 11, 2015.
[3]	Estimated for current fiscal year, as annualized.