XML 17 R25.htm IDEA: XBRL DOCUMENT v3.5.0.2
VIRTUS MULTI-SECTOR SHORT TERM BOND FUND
Virtus Multi-Sector Short Term Bond Fund

Virtus Multi-Sector Short Term Bond Fund,

a series of Virtus Opportunities Trust

 

Supplement dated November 1, 2016 to the Summary Prospectus dated January 28, 2016, as supplemented,

and the Virtus Opportunities Trust Statutory Prospectus, January 28, 2016, as supplemented

 

Important Notice to Investors

 

As of November 1, 2016, Virtus Multi-Sector Short Term Bond Fund is offering Class R6 Shares, in addition to the share classes already offered by the fund. Accordingly, the fund’s prospectuses are hereby amended to add the following disclosure.

 

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 Multi-Sector Short Term Bond Fund   NARAX   PBARX   PSTCX   PIMSX   VMSSX   PMSTX
The tables under “Fees and Expenses” in the fund’s summary prospectus and the summary section of the statutory prospectus are hereby revised to add the Class R6 column and to revise the associated footnote as shown below:
Shareholder Fees (fees paid directly from your investment)
Shareholder Fees
VIRTUS MULTI-SECTOR SHORT TERM BOND FUND
Class R6
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) none
Maximum Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) none
Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Annual Fund Operating Expenses
VIRTUS MULTI-SECTOR SHORT TERM BOND FUND
Class R6
Management Fee 0.47%
Distribution and Shareholder Servicing (12b-1) Fees none
Other Expenses 0.18% [1]
Total Annual Fund Operating Expenses 0.65%
[1] Estimated for current fiscal year, as annualized.
The Example table is hereby revised to add the Class R6 row as shown below:
Expense Example
Share Status
1 Year
3 Years
5 Years
10 Years
VIRTUS MULTI-SECTOR SHORT TERM BOND FUND | Class R6 | USD ($) Sold 66 208 362 810
Expense Example, No Redemption
Share Status
1 Year
3 Years
5 Years
10 Years
VIRTUS MULTI-SECTOR SHORT TERM BOND FUND | Class R6 | USD ($) Held 66 208 362 810