XML 10 R6.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 Mar. 31, 2016
Registrant Name dei_EntityRegistrantName VIRTUS EQUITY TRUST
Central Index Key dei_EntityCentralIndexKey 0000034273
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 Jul. 29, 2016
VIRTUS QUALITY SMALL-CAP FUND  
Risk/Return: rr_RiskReturnAbstract  
Risk/Return [Heading] rr_RiskReturnHeading
Virtus Quality Small-Cap Fund
Supplement [Text Block] vet_SupplementTextBlock

Virtus Quality Small-Cap Fund

a series of Virtus Equity Trust

 

Supplement dated November 1, 2016 to the Summary Prospectus dated July 29, 2016, and

Virtus Equity Trust Statutory Prospectus dated July 29, 2016, as supplemented

 

Important Notice to Investors

 

As of November 1, 2016, Virtus Quality Small-Cap 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
Virtus Quality Small-Cap Fund   PQSAX       PQSCX   PXQSX   VQSRX
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 add the Class R6 column and to revise the associated footnote as shown below:
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)
Other Expenses, New Fund, Based on Estimates [Text] rr_OtherExpensesNewFundBasedOnEstimates
Estimated for current fiscal year, as annualized.
Expense Example Narrative [Text Block] rr_ExpenseExampleNarrativeTextBlock
The Example table is hereby revised to add the Class R6 row as shown below:
VIRTUS QUALITY SMALL-CAP FUND | Class A  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol PQSAX
VIRTUS QUALITY SMALL-CAP FUND | Class C  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol PQSCX
VIRTUS QUALITY SMALL-CAP FUND | Class I  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol PXQSX
VIRTUS QUALITY SMALL-CAP FUND | Class R6  
Risk/Return: rr_RiskReturnAbstract  
Trading Symbol dei_TradingSymbol VQSRX
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 0.70%
Distribution and Shareholder Servicing (12b-1) Fees rr_DistributionAndService12b1FeesOverAssets none
Other Expenses rr_OtherExpensesOverAssets 0.24% [1]
Total Annual Fund Operating Expenses rr_ExpensesOverAssets 0.94%
1 Year rr_ExpenseExampleYear01 $ 96
3 Years rr_ExpenseExampleYear03 300
5 Years rr_ExpenseExampleYear05 520
10 Years rr_ExpenseExampleYear10 1,155
1 Year rr_ExpenseExampleNoRedemptionYear01 96
3 Years rr_ExpenseExampleNoRedemptionYear03 300
5 Years rr_ExpenseExampleNoRedemptionYear05 520
10 Years rr_ExpenseExampleNoRedemptionYear10 $ 1,155
[1] Estimated for current fiscal year, as annualized.