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Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType 497
Document Period End Date dei_DocumentPeriodEndDate Sep. 30, 2015
Registrant Name dei_EntityRegistrantName VIRTUS OPPORTUNITIES TRUST
Central Index Key dei_EntityCentralIndexKey 0001005020
Amendment Flag dei_AmendmentFlag false
Trading Symbol dei_TradingSymbol VOT
Document Creation Date dei_DocumentCreationDate Feb. 08, 2016
Document Effective Date dei_DocumentEffectiveDate Feb. 08, 2016
Prospectus Date rr_ProspectusDate Jan. 28, 2016
Virtus Equity Trend Fund  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
Virtus Equity Trend Fund
Supplement [Text Block] vot_SupplementTextBlock

Virtus Equity Trend Fund,

a series of Virtus Opportunities Trust

 

Supplement dated February 8, 2016 to the Summary Prospectus dated January 28, 2016,

and the Virtus Opportunities Trust Statutory Prospectus, dated January 28, 2016

 

THIS SUPPLEMENT SUPERCEDES THE SUPPLEMENT DATED FEBRUARY 8, 2016 TO THE
ABOVE-REFERENCED PROSPECTUSES. THIS SUPPLEMENT CORRECTS A 
TYPOGRAPHICAL ERROR IN THE EARLIER SUPPLEMENT.

 

Important Notice to Investors

 

Effective February 8, 2016, Virtus Investment Advisers, Inc. has contractually agreed to limit the fund’s total operating expenses (excluding front-end or contingent deferred loads, taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, extraordinary expenses and acquired fund fees and expenses, if any) so that such expenses do not exceed, on an annualized basis, 1.42% for Class A Shares, 2.02% for Class C Shares, 1.24% for Class I Shares and 1.03% for Class R6 Shares through January 31, 2017. Resulting disclosure changes in the fund’s prospectuses are described below.

 

Under “Fees and Expenses” in the fund’s summary prospectus and the summary section of the statutory prospectus, the “Annual Fund Operating Expenses” table and associated footnotes are hereby replaced with the following:

 

Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)

Class A

Class C

Class I

Class R6
Management Fees(b) 1.00% 1.00% 1.00% 1.00%
Distribution and Shareholder Servicing (12b-1) Fees

0.25%

1.00%

None

None
Other Expenses 0.28% 0.28% 0.28% 0.21%
Acquired Fund Fees and Expenses 0.02% 0.02% 0.02% 0.02%
Total Annual Fund Operating Expenses(c) 1.55% 2.30% 1.30% 1.23%
Less:  Expense Reimbursement(d) (0.11%) (0.26%) (0.04%) (0.18%)
Total Annual Fund Operating Expenses After Expense Reimbursement(c)(d)

1.44%

2.04%

1.26%

1.05%
(b) Restated to reflect current management fee.
(c) The Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets appearing in the Financial Highlights tables, which tables reflect only the operating expenses of the fund and do not include acquired fund fees and expenses.
(d) The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding front-end or contingent deferred loads, taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, extraordinary expenses and acquired fund fees and expenses) so that such expenses do not exceed 1.42% for Class A Shares, 2.02% for Class C Shares, 1.24% for Class I Shares and 1.03% for Class R6 Shares through January 31, 2017. 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.

 

Under “Fees and Expenses”, the “Example” table is hereby replaced with the following:

 

Share Status 1 Year 3 Years 5 Years 10 Years
Class A Sold or Held $713 $1,026 $1,361 $2,306
Class C Sold $307 $694 $1,207 $2,616
Held $207 $694 $1,207 $2,616
Class I Sold or Held $128 $408 $709 $1,564
Class R6 Sold or Held $107 $373 $658 $1,473

 

 

In the first table in the section “More Information About Fund Expenses” on page 128 of the statutory prospectus, the row corresponding to the fund is hereby replaced with the following.

 

 

  Class A Shares Class B Shares Class C Shares Class I Shares Class R6 Shares Class T Shares

 

Through Date
Virtus Equity Trend Fund 1.42% N/A 2.02% 1.24% 1.03% N/A January 31, 2017

 

 

In the second table in the section “More Information About Fund Expenses” on page 129 of the statutory prospectus, the row corresponding to the fund is hereby replaced with the following and the footnote reference also changed as shown below.

 

 

  Class A Shares Class B Shares Class C Shares Class I Shares Class R6 Shares Class T Shares
Virtus Equity Trend Fund (**) 1.55% N/A 2.30% 1.30% 1.23% N/A

 

(**) Reflects expenses under prior expense reimbursement arrangements.

 

Investors should retain this supplement with the Prospectuses for future reference.
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
Under “Fees and Expenses” in the fund’s summary prospectus and the summary section of the statutory prospectus, the “Annual Fund Operating Expenses” table and associated footnotes are hereby replaced with the following:
Operating Expenses Caption [Text] rr_OperatingExpensesCaption
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Fee Waiver or Reimbursement over Assets, Date of Termination rr_FeeWaiverOrReimbursementOverAssetsDateOfTermination January 31, 2017
Expenses Restated to Reflect Current [Text] rr_ExpensesRestatedToReflectCurrent
Restated to reflect current management fee.
Expenses Not Correlated to Ratio Due to Acquired Fund Fees [Text] rr_ExpensesNotCorrelatedToRatioDueToAcquiredFundFees
The Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets appearing in the Financial Highlights tables, which tables reflect only the operating expenses of the fund and do not include acquired fund fees and expenses.
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
Under “Fees and Expenses”, the “Example” table is hereby replaced with the following:
Virtus Equity Trend Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol VAPAX
Management Fees rr_ManagementFeesOverAssets 1.00% [1]
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.28%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.55% [2]
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.11%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.44% [2],[3]
1 Year rr_ExpenseExampleYear01 $ 713
3 Years rr_ExpenseExampleYear03 1,026
5 Years rr_ExpenseExampleYear05 1,361
10 Years rr_ExpenseExampleYear10 2,306
1 Year rr_ExpenseExampleNoRedemptionYear01 713
3 Years rr_ExpenseExampleNoRedemptionYear03 1,026
5 Years rr_ExpenseExampleNoRedemptionYear05 1,361
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,306
Virtus Equity Trend Fund | Class C  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol VAPCX
Management Fees rr_ManagementFeesOverAssets 1.00% [1]
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.28%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.30% [2]
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.26%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 2.04% [2],[3]
1 Year rr_ExpenseExampleYear01 $ 307
3 Years rr_ExpenseExampleYear03 694
5 Years rr_ExpenseExampleYear05 1,207
10 Years rr_ExpenseExampleYear10 2,616
1 Year rr_ExpenseExampleNoRedemptionYear01 207
3 Years rr_ExpenseExampleNoRedemptionYear03 694
5 Years rr_ExpenseExampleNoRedemptionYear05 1,207
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,616
Virtus Equity Trend Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol VAPIX
Management Fees rr_ManagementFeesOverAssets 1.00% [1]
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.28%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.30% [2]
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.04%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.26% [2],[3]
1 Year rr_ExpenseExampleYear01 $ 128
3 Years rr_ExpenseExampleYear03 408
5 Years rr_ExpenseExampleYear05 709
10 Years rr_ExpenseExampleYear10 1,564
1 Year rr_ExpenseExampleNoRedemptionYear01 128
3 Years rr_ExpenseExampleNoRedemptionYear03 408
5 Years rr_ExpenseExampleNoRedemptionYear05 709
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,564
Virtus Equity Trend Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol VRPAX
Management Fees rr_ManagementFeesOverAssets 1.00% [1]
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.21%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.02%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.23% [2]
Less: Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.18%) [3]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.05% [2],[3]
1 Year rr_ExpenseExampleYear01 $ 107
3 Years rr_ExpenseExampleYear03 373
5 Years rr_ExpenseExampleYear05 658
10 Years rr_ExpenseExampleYear10 1,473
1 Year rr_ExpenseExampleNoRedemptionYear01 107
3 Years rr_ExpenseExampleNoRedemptionYear03 373
5 Years rr_ExpenseExampleNoRedemptionYear05 658
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,473
[1] Restated to reflect current management fee.
[2] The Total Annual Fund Operating Expenses do not correlate to the ratio of expenses to average net assets appearing in the Financial Highlights tables, which tables reflect only the operating expenses of the fund and do not include acquired fund fees and expenses.
[3] The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding front-end or contingent deferred loads, taxes, interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, extraordinary expenses and acquired fund fees and expenses) so that such expenses do not exceed 1.42% for Class A Shares, 2.02% for Class C Shares, 1.24% for Class I Shares and 1.03% for Class R6 Shares through January 31, 2017. 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.