XML 12 R12.htm IDEA: XBRL DOCUMENT v3.5.0.2
Label Element Value
Risk/Return: rr_RiskReturnAbstract  
Document Type dei_DocumentType 485BPOS
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
Document Creation Date dei_DocumentCreationDate Nov. 01, 2016
Document Effective Date dei_DocumentEffectiveDate Nov. 01, 2016
Prospectus Date rr_ProspectusDate Jan. 28, 2016
VIRTUS HIGH YIELD FUND  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
Virtus High Yield Fund
Supplement [Text Block] vot_SupplementTextBlock

Virtus Bond Fund, Virtus High Yield Fund,

and Virtus Senior Floating Rate Fund,

each a series of Virtus Opportunities Trust

 

Supplement dated November 1, 2016 to the Summary Prospectuses dated January 28, 2016, as supplemented, and the Virtus Opportunities Trust Statutory Prospectus, dated January 28, 2016, as supplemented

 

Important Notice to Investors

 

As of November 1, 2016, Virtus Bond Fund, Virtus High Yield Fund and Virtus Senior Floating Rate Fund are offering Class R6 Shares, in addition to the share classes already offered by the funds. Additionally, Virtus High Yield Fund has increased its expense reimbursement arrangement, effective November 1, 2016. Accordingly, the funds’ prospectuses are hereby amended to add the following disclosure.

 

Virtus High Yield Fund

 

The cover page of the statutory prospectus is hereby revised by replacing the row showing ticker symbols for the fund’s share classes with the row shown below:

 

    A   B   C   I   R6   T
Virtus High Yield Fund   PHCHX   PHCCX   PGHCX   PHCIX   VRHYX  
Expense Narrative [Text Block] rr_ExpenseNarrativeTextBlock
The tables under “Fees and Expenses” in the fund’s summary prospectus and the summary section of the statutory prospectus are hereby revised to reflect the new expense reimbursement arrangements, to add the Class R6 column and to revise the associated footnotes:
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 January 31, 2017
Expenses Deferred Charges [Text Block] rr_ExpensesDeferredChargesTextBlock
The maximum deferred sales charge is imposed on Class B Shares redeemed during the first year; thereafter, it decreases 1% annually to 2% during the fourth and fifth years and to 0% after the fifth year. The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
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
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 HIGH YIELD FUND | Class A  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol PHCHX
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 3.75%
Maximum Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Management Fee rr_ManagementFeesOverAssets 0.65%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.42%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.33% [1]
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.32%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.01% [1],[2]
1 Year rr_ExpenseExampleYear01 $ 474
3 Years rr_ExpenseExampleYear03 750
5 Years rr_ExpenseExampleYear05 1,047
10 Years rr_ExpenseExampleYear10 1,890
1 Year rr_ExpenseExampleNoRedemptionYear01 474
3 Years rr_ExpenseExampleNoRedemptionYear03 750
5 Years rr_ExpenseExampleNoRedemptionYear05 1,047
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,890
VIRTUS HIGH YIELD FUND | Class B  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol PHCCX
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 5.00% [3]
Management Fee rr_ManagementFeesOverAssets 0.65%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.42%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.08% [1]
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.32%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.76% [1],[2]
1 Year rr_ExpenseExampleYear01 $ 579
3 Years rr_ExpenseExampleYear03 821
5 Years rr_ExpenseExampleYear05 1,089
10 Years rr_ExpenseExampleYear10 2,193
1 Year rr_ExpenseExampleNoRedemptionYear01 179
3 Years rr_ExpenseExampleNoRedemptionYear03 621
5 Years rr_ExpenseExampleNoRedemptionYear05 1,089
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,193
VIRTUS HIGH YIELD FUND | Class C  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol PGHCX
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther 1.00% [3]
Management Fee rr_ManagementFeesOverAssets 0.65%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 1.00%
Other Expenses rr_OtherExpensesOverAssets 0.42%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 2.08% [1]
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.32%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.76% [1],[2]
1 Year rr_ExpenseExampleYear01 $ 279
3 Years rr_ExpenseExampleYear03 621
5 Years rr_ExpenseExampleYear05 1,089
10 Years rr_ExpenseExampleYear10 2,385
1 Year rr_ExpenseExampleNoRedemptionYear01 179
3 Years rr_ExpenseExampleNoRedemptionYear03 621
5 Years rr_ExpenseExampleNoRedemptionYear05 1,089
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 2,385
VIRTUS HIGH YIELD FUND | Class I  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol PHCIX
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Management Fee rr_ManagementFeesOverAssets 0.65%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.42%
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.08% [1]
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.32%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 0.76% [1],[2]
1 Year rr_ExpenseExampleYear01 $ 78
3 Years rr_ExpenseExampleYear03 312
5 Years rr_ExpenseExampleYear05 564
10 Years rr_ExpenseExampleYear10 1,288
1 Year rr_ExpenseExampleNoRedemptionYear01 78
3 Years rr_ExpenseExampleNoRedemptionYear03 312
5 Years rr_ExpenseExampleNoRedemptionYear05 564
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,288
VIRTUS HIGH YIELD FUND | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol VRHYX
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOther none
Management Fee rr_ManagementFeesOverAssets 0.65%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.36% [4]
Acquired Fund Fees and Expenses rr_AcquiredFundFeesAndExpensesOverAssets 0.01%
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.02% [1]
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.32%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 0.70% [1],[2]
1 Year rr_ExpenseExampleYear01 $ 72
3 Years rr_ExpenseExampleYear03 293
5 Years rr_ExpenseExampleYear05 532
10 Years rr_ExpenseExampleYear10 1,219
1 Year rr_ExpenseExampleNoRedemptionYear01 72
3 Years rr_ExpenseExampleNoRedemptionYear03 293
5 Years rr_ExpenseExampleNoRedemptionYear05 532
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,219
[1] 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.
[2] The fund's investment adviser has contractually agreed to limit the fund's total operating expenses (excluding dividend and interest expenses, taxes, brokerage commissions, extraordinary expenses and acquired fund fees and expenses) so that such expenses do not exceed 1.00% for Class A Shares, 1.75% for Class B Shares, 1.75% for Class C Shares, 0.75% for Class I Shares and 0.69% 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 time such reimbursement occurred.
[3] The maximum deferred sales charge is imposed on Class B Shares redeemed during the first year; thereafter, it decreases 1% annually to 2% during the fourth and fifth years and to 0% after the fifth year. The deferred sales charge is imposed on Class C Shares redeemed during the first year only.
[4] Estimated for current fiscal year, as annualized.