# EDGAR Filing Document

**Accession Number:** 0001005020
**File Stem:** 0000930413-23-001085
**Filing Date:** 2023-3
**Character Count:** 3686
**Document Hash:** fb3706f91641133e2e3d37fe1d414e52
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000930413-23-001085.hdr.sgml**: 20230323

**ACCESSION NUMBER**: 0000930413-23-001085

**CONFORMED SUBMISSION TYPE**: 497

**PUBLIC DOCUMENT COUNT**: 15

**FILED AS OF DATE**: 20230323

**DATE AS OF CHANGE**: 20230323

**EFFECTIVENESS DATE**: 20230323

**FILER**: 

**COMPANY DATA:**
- **COMPANY CONFORMED NAME:** VIRTUS OPPORTUNITIES TRUST
- **CENTRAL INDEX KEY:** 0001005020
- **IRS NUMBER:** 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:** 23754584

**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 Duff & Phelps Real Asset Fund (Series ID: S000018976)

---

|  |  |  |
|:---|:---|:---|
| Class Name | Ticker Symbol | Class ID   |
| Class A    | PDPAX         | C000052537 |
| Class C    | PDPCX         | C000052538 |
| Class I    | VADIX         | C000081785 |
| Class R6   | nan           | C000235246 |

---

## Series and Classes Contracts Data

### Virtus Duff & Phelps Real Asset Fund (Series ID: S000018976)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000052537 | Class A      | PDPAX           |
| C000052538 | Class C      | PDPCX           |
| C000081785 | Class I      | VADIX           |
| C000235246 | Class R6     |  |

?xml version="1.0" encoding="ASCII"?

**Virtus Duff & Phelps Real Asset Fund (the "Fund"), a series of Virtus Opportunities Trust**

Supplement dated March 23, 2023 to the Summary Prospectus

and the Virtus Opportunities Trust Statutory Prospectus, each dated January 27, 2023

**Important Notice to Investors** 

The following is added as the third paragraph in the "Performance Information" section of the Fund's summary prospectus and the summary section of the statutory prospectus applicable to the Fund.

Class R6 shares have not had a full calendar year of operations; therefore, performance information for Class R6 Shares is not shown here.

The table showing Average Annual Total Returns in the "Performance Information" section of the Fund's summary prospectus and the summary section of the statutory prospectus applicable to the Fund, is hereby replaced in its entirety with the following:

---

| | | | |
|:---|:---|:---|:---|
| | **1 Year** | **5 Years** | **10 Years** |
| Class I |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Return Before Taxes | -2.42% | 4.13% | 3.23% |
| &nbsp;&nbsp;&nbsp;&nbsp;Return After Taxes on Distributions | -2.71% | 3.61% | 2.77% |
| &nbsp;&nbsp;&nbsp;&nbsp;Return After Taxes on Distributions and Sale of Fund Shares | -1.23% | 3.08% | 2.44% |
| Class A |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Return Before Taxes | -8.03% | 2.70% | 2.39% |
| Class C |  |  |  |
| &nbsp;&nbsp;&nbsp;&nbsp;Return Before Taxes | -3.40% | 3.06% | 2.18% |
| &nbsp;&nbsp;MSCI All Country World Index (net) (reflects no deduction for fees, expenses or taxes) | -18.36% | 5.23% | 7.98% |

---

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

VOT 8020/DPIM Real Asset Performance Reclass (03/2023)