XML 9 R7.htm IDEA: XBRL DOCUMENT v3.23.3
Label Element Value
Virtus Silvant Large-Cap Growth Stock Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

Virtus Silvant Large-Cap Growth Stock Fund (the “Fund”),

a series of Virtus Asset Trust

Supplement dated December 15, 2023 to the Fund’s Summary Prospectus

and the Virtus Asset Trust Statutory Prospectus, each dated April 28, 2023, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective January 1, 2024, the Fund’s investment adviser, Virtus Fund Advisers, LLC, will implement new expense limitation arrangements to further limit the Fund’s expenses. The resulting changes to the Fund’s prospectuses are described in more detail below.

Risk/Return [Heading] rr_RiskReturnHeading Virtus Silvant Large-Cap Growth Stock Fund
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 “Shareholder Fees” and “Annual Fund Operating Expenses” tables and associated footnotes will be replaced with the following:

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 Apr. 30, 2025
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock

Under “Fees and Expenses,” the “Example” table will be replaced with the following:

Expense Example Closing [Text Block] rr_ExpenseExampleClosingTextBlock

Investors should retain this supplement with the Prospectuses for future reference.

Virtus Silvant Large-Cap Growth Stock Fund | Class A  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 5.50%
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.70%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets 0.25%
Other Expenses rr_OtherExpensesOverAssets 0.31% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.26%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.23%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 1.03% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 649
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 906
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 1,183
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,970
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 649
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 906
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 1,183
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,970
Virtus Silvant Large-Cap Growth Stock Fund | Class I  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.70%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.36% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 1.06%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.29%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 0.77% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 79
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 308
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 557
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,268
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 79
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 308
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 557
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,268
Virtus Silvant Large-Cap Growth Stock Fund | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Maximum Sales Charge (load) Imposed on Purchases (as a percentage of offering price) rr_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice none
Maximum Deferred Sales Charge (load) (as a percentage of the lesser of purchase price or redemption proceeds) rr_MaximumDeferredSalesChargeOverOfferingPrice none
Management Fees rr_ManagementFeesOverAssets 0.70%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.23% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.93%
Less: Fee Waiver and/or Expense Reimbursement rr_FeeWaiverOrReimbursementOverAssets (0.21%) [2]
Total Annual Fund Operating Expenses After Expense Reimbursement rr_NetExpensesOverAssets 0.72% [2]
Expense Example, with Redemption, 1 Year rr_ExpenseExampleYear01 $ 74
Expense Example, with Redemption, 3 Years rr_ExpenseExampleYear03 275
Expense Example, with Redemption, 5 Years rr_ExpenseExampleYear05 494
Expense Example, with Redemption, 10 Years rr_ExpenseExampleYear10 1,124
Expense Example, No Redemption, 1 Year rr_ExpenseExampleNoRedemptionYear01 74
Expense Example, No Redemption, 3 Years rr_ExpenseExampleNoRedemptionYear03 275
Expense Example, No Redemption, 5 Years rr_ExpenseExampleNoRedemptionYear05 494
Expense Example, No Redemption, 10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,124
[1] Not included in the table are extraordinary proxy expenses. If such amounts were reflected in this table, the Other Expenses would have been 1.04% for Class A Shares, 0.78% for Class I Shares and 0.73% for Class R6 Shares.
[2] The fund’s investment adviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, expenses incurred in connection with any merger or reorganization, unusual or infrequently occurring expenses (such as litigation), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 1.03% for Class A Shares, 0.77% for Class I Shares and 0.72% for Class R6 Shares through April 30, 2025. 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 and/or fees waived under these arrangements for a period of three years following the date such waiver or reimbursement occurred, provided that the recapture does not cause the fund to exceed its expense limit in effect at the time of the waiver or reimbursement, and any in effect at the time of recapture, after repayment is taken into account.