# EDGAR Filing Document

**Accession Number:** 0001005020
**File Stem:** 0000930413-25-003626
**Filing Date:** 2025-12
**Character Count:** 12806
**Document Hash:** b337f94275bc0cbf492010de755a0a5b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000930413-25-003626.hdr.sgml**: 20251212

**ACCESSION NUMBER**: 0000930413-25-003626

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 25

**FILED AS OF DATE**: 20251212

**DATE AS OF CHANGE**: 20251212

**EFFECTIVENESS DATE**: 20251212

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS OPPORTUNITIES TRUST
- **CENTRAL INDEX KEY:** 0001005020

**ORGANIZATION NAME:**
- **EIN:** 000000000
- **STATE OF INCORPORATION:** DE
- **FISCAL YEAR END:** 0930

**FILING VALUES:**
- **FORM TYPE:** 497
- **SEC ACT:** 1933 Act
- **SEC FILE NUMBER:** 033-65137
- **FILM NUMBER:** 251566806

**BUSINESS ADDRESS:**
- **STREET 1:** 101 MUNSON STREET
- **CITY:** GREENFIELD
- **STATE:** MA
- **ZIP:** 01301
- **BUSINESS PHONE:** 800-243-1574

**MAIL ADDRESS:**
- **STREET 1:** ONE FINANCIAL PLAZA
- **STREET 2:** 26TH FLOOR
- **CITY:** HARTFORD
- **STATE:** CT
- **ZIP:** 06103

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX OPPORTUNITIES TRUST
- **DATE OF NAME CHANGE:** 20060127

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** PHOENIX SENECA FUNDS
- **DATE OF NAME CHANGE:** 19990122

**FORMER COMPANY:**
- **FORMER CONFORMED NAME:** SENECA FUNDS
- **DATE OF NAME CHANGE:** 19951218

## Series and Classes Contracts Data

### Virtus Newfleet Core Plus Bond Fund (Series ID: S000001336)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| CLASS A    | SAVAX         | C000003572 |
| CLASS C    | SAVCX         | C000003574 |
| CLASS I    | SAVYX         | C000003575 |
| Class R6   | VBFRX         | C000176707 |

---

### Virtus Newfleet Multi-Sector Intermediate Bond Fund (Series ID: S000018007)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | NAMFX         | C000049915 |
| Class C    | NCMFX         | C000049917 |
| Class I    | VMFIX         | C000081781 |
| Class R6   | VMFRX         | C000148855 |

---

### Virtus Newfleet Multi-Sector Short Term Bond Fund (Series ID: S000018008)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | NARAX         | C000049918 |
| Class C    | PSTCX         | C000049920 |
| Class C1   | PMSTX         | C000049921 |
| Class I    | PIMSX         | C000066828 |
| Class R6   | VMSSX         | C000176709 |

---

### Virtus Newfleet Low Duration Core Plus Bond Fund (Series ID: S000055179)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | HIMZX         | C000173503 |
| Class C    | PCMZX         | C000173504 |
| Class I    | HIBIX         | C000173505 |
| Class R6   | VLDRX         | C000210350 |

---

## Series and Classes Contracts Data

### Virtus Newfleet Core Plus Bond Fund (Series ID: S000001336)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000003572 | CLASS A      | SAVAX           |
| C000003574 | CLASS C      | SAVCX           |
| C000003575 | CLASS I      | SAVYX           |
| C000176707 | Class R6     | VBFRX           |

### Virtus Newfleet Multi-Sector Intermediate Bond Fund (Series ID: S000018007)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000049915 | Class A      | NAMFX           |
| C000049917 | Class C      | NCMFX           |
| C000081781 | Class I      | VMFIX           |
| C000148855 | Class R6     | VMFRX           |

### Virtus Newfleet Multi-Sector Short Term Bond Fund (Series ID: S000018008)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000049918 | Class A      | NARAX           |
| C000049920 | Class C      | PSTCX           |
| C000049921 | Class C1     | PMSTX           |
| C000066828 | Class I      | PIMSX           |
| C000176709 | Class R6     | VMSSX           |

### Virtus Newfleet Low Duration Core Plus Bond Fund (Series ID: S000055179)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000173503 | Class A      | HIMZX           |
| C000173504 | Class C      | PCMZX           |
| C000173505 | Class I      | HIBIX           |
| C000210350 | Class R6     | VLDRX           |

?xml version='1.0' encoding='ASCII'?

**Virtus Newfleet Core Plus Bond Fund, Virtus Newfleet Low Duration Core Plus Bond Fund, Virtus** 

**Newfleet Multi-Sector Intermediate Bond Fund and Virtus Newfleet Multi-Sector Short Term Bond Fund (each a "Fund" and together the "Funds"), each a series of Virtus Opportunities Trust**

Supplement dated December 12, 2025 to the Summary Prospectuses and the Virtus Opportunities Trust

Statutory Prospectus applicable to each Fund, each dated January 28, 2025, as supplemented

**Important Notice to Investors**

**Virtus Newfleet Core Plus Bond Fund**

The following disclosure is hereby added after the first sentence of the fourth paragraph in the "Principal Investment Strategies" section of the Summary Prospectus, the summary section of the Fund's Statutory Prospectus and after the third sentence of the first paragraph in the "More About Principal Investment Strategies" section of the Fund's Statutory Prospectus:

For purposes of the fund's policies to invest at least 80% of its assets in fixed income debt obligations and in investment-grade securities, indirect exposure to fixed income debt obligations and/or investment-grade securities through investment in mutual funds and exchange-traded funds (ETFs) that invest in such assets will be considered to be investments by the fund in fixed income debt obligations and/or investment-grade securities as applicable. Mutual funds and ETFs in which the fund invests may include affiliated funds that are also managed by the fund's subadviser.

**Virtus Newfleet Low Duration Core Plus Bond Fund**

The following disclosure is hereby added at the end of the "Principal Investment Strategies" section of the Summary Prospectus, the summary section of the Fund's Statutory Prospectus and after the second sentence of the first paragraph in the "More About Principal Investment Strategies" section of the Fund's Statutory Prospectus:

For purposes of this policy, indirect exposure to fixed income debt obligations through investment in mutual funds and exchange-traded funds (ETFs) that invest in such assets will be considered to be investments by the fund in fixed income debt obligations. Mutual funds and ETFs in which the fund invests may include affiliated funds that are also managed by the fund's subadviser.

**Virtus Newfleet Multi-Sector Intermediate Bond Fund**

The following disclosure is hereby added after the first sentence of the second paragraph in the "Principal Investment Strategies" section of the Summary Prospectus, the summary section of the Fund's Statutory Prospectus and after the third sentence of the first paragraph in the "More About Principal Investment Strategies" section of the Fund's Statutory Prospectus:

For purposes of this policy, indirect exposure to bonds through investment in mutual funds and exchange-traded funds (ETFs) that invest in bonds will be considered to be investments by the fund in bonds. Mutual funds and ETFs in which the fund invests may include affiliated funds that are also managed by the fund's subadviser.

**Virtus Newfleet Multi-Sector Short Term Bond Fund**

The following disclosure is hereby added after the first sentence of the second paragraph in the "Principal Investment Strategies" section of the Summary Prospectus, the summary section of the Fund's Statutory Prospectus and after the third sentence of the first paragraph in the "More About Principal Investment Strategies" section of the Fund's Statutory Prospectus:

For purposes of this policy, indirect exposure to bonds through investment in mutual funds and exchange-traded funds (ETFs) that invest in bonds will be considered to be investments by the fund in bonds. Mutual funds and ETFs in which the fund invests may include affiliated funds that are also managed by the fund's subadviser.

**All Funds**

In the "Principal Risks" section of each Fund's Summary Prospectus and the summary section of the Statutory Prospectus applicable to each Fund, the following disclosures are hereby added:

---

| | |
|:---|:---|
| ***>*** | ***Affiliated Fund and ETF Risk:*** The fund's subadviser may select and substitute affiliated and/or unaffiliated mutual funds and/or exchange-traded funds (ETFs), which may create a conflict of interest because the subadviser or its affiliate(s) may receive fees from affiliated funds and/or ETFs, some of which pay the subadviser or its affiliate(s) more than others. |

---

---

| | |
|:---|:---|
| ***>*** | ***Mutual Fund and ETF Investing Risk:*** The fund will be indirectly affected by factors, risks and performance specific to any other mutual fund and/or exchange-traded fund (ETF) ("underlying fund") in which it invests. Further, the net asset value per share of each underlying fund will include the effect of any fees and expenses of the underlying fund, so the fund's investment in such underlying funds will cause the fund to indirectly bear its proportionate share of such fees and expenses, which are reflected in the fund's Fees and Expenses table as "Acquired Fund Fees and Expenses" if they are estimated to amount to at least 0.01% of the fund's total net assets. |

---

In the section "More Information About Risks of Investing in the Funds" the table beginning on page 83 of the statutory prospectus is hereby amended by adding rows for **Affiliated Fund and ETF** and **Mutual Fund and ETF Investing** and reflecting a "closed bullet" (Ÿ) for each fund in each of the new rows, thereby indicating that Affiliated Fund and ETF and Mutual Fund and ETF Investing are principal risks applicable to each Fund; and by removing the bullets for the Funds from the rows for Exchange-Traded Funds (ETFs) and for Mutual Fund Investing, as applicable. Further, the following disclosure is hereby added to the "More Information About Risks of Investing in the Funds" section:

**Affiliated Fund and ETF**

A fund's subadviser has the authority to select and substitute affiliated and/or unaffiliated mutual funds and/or exchange-traded funds (ETFs) to serve as investments for the fund, which may create a conflict of interest because the subadviser or its affiliate(s) may receive fees from affiliated funds and/or ETFs, some of which pay the subadviser or its affiliate(s) more than others. However, as a fiduciary to the fund, the fund's subadviser is obligated to act in the fund's best interest when selecting funds and/or ETFs to serve as investments for the fund.

**Mutual Fund and ETF Investing**

Certain funds may invest their assets partially, significantly or primarily in other mutual funds and exchange-traded funds (ETFs) ("Underlying Funds"), as described under "Principal Investment Strategies" for each fund. The risks associated with investing in these funds may be closely related to the risks associated with the securities and other investments held by the Underlying Funds. To the extent that a fund invests in Underlying Funds, its ability to achieve its investment objective may depend upon the ability of the Underlying Funds to achieve their investment objectives. There can be no assurance that the investment objective of any Underlying Fund will be achieved.

To the extent that a fund invests in Underlying Funds, its net asset value per share ("NAV") will fluctuate in response to changes in the net asset values of the Underlying Funds in which it invests, and to the extent that an Underlying Fund's shares are traded on an exchange the value of the fund's investment in that Underlying Fund will fluctuate in response to changes in the market price of the Underlying Fund's shares. The extent to which the investment performance and risks associated with a fund correlate to those of a particular Underlying Fund will depend upon the extent to which the fund's assets are allocated from time to time for investment in the Underlying Fund, which will vary. As a shareholder of an Underlying Fund, a fund may indirectly bear service and other fees that are in addition to the fees the fund pays its service providers. Underlying Funds that are actively managed may entail risks generally associated with actively managed investment products, including management risk. Underlying Funds that seek to track an index or other benchmark may involve tracking risk. Tracking risk is the risk that a fund may not precisely replicate the results of an index or benchmark that it is intended to track. Deviations of this type may result from purchases or redemptions of fund shares, transaction costs, fund expenses and other factors.

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

VOT 8020/Newfleet Addition of MF & ETF Investing (12/2025)

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