# EDGAR Filing Document

**Accession Number:** 0001005020
**File Stem:** 0000940400-25-009426
**Filing Date:** 2025-11
**Character Count:** 17583
**Document Hash:** 978e64404140955f580e7102ac93ae4b
**Contains OCR:** False
**Source Format:** 

## Filing Content

## Filing Summary
**0000940400-25-009426.hdr.sgml**: 20251124

**ACCESSION NUMBER**: 0000940400-25-009426

**CONFORMED SUBMISSION TYPE**: NPORT-P

**PUBLIC DOCUMENT COUNT**: 1

**CONFORMED PERIOD OF REPORT**: 20250930

**FILED AS OF DATE**: 20251124

**DATE AS OF CHANGE**: 20251124

**PERIOD START**: 20250930

**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:** NPORT-P
- **SEC ACT:** 1940 Act
- **SEC FILE NUMBER:** 811-07455
- **FILM NUMBER:** 251512114

**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 KAR International Small-Mid Cap Fund (Series ID: S000038118)

| Class ID   | Class Name   | Ticker Symbol   |
|:---|:---|:---|
| C000117511 | Class A      | VISAX           |
| C000117512 | Class C      | VCISX           |
| C000117513 | Class I      | VIISX           |
| C000148859 | Class R6     | VRISX           |

## Form NPORT-P: Monthly Portfolio Investments Report

### NPORT-P: Part A: General Information

**Item A.1. Information about the Registrant.**

- **a. Name of Registrant:** Virtus Opportunities Trust

- **b. Investment Company Act file number:** 811-07455

- **c. CIK number of Registrant:** 0001005020

- **d. LEI of Registrant:** 549300O4C4QVD88M4N75

- **e. Address and telephone number of Registrant.**

  - **Street Address 1:** 101 Munson Street

  - **City:** Greenfield

  - **State:** MA

  - **Foreign country:** US

  - **Zip / Postal Code:** 01301-9668

  - **Telephone number:** 800-243-1574

**Item A.2. Information about the Series.**

- **a. Name of Series:** Virtus KAR International Small-Mid Cap Fund

- **b. EDGAR series identifier (if any):** S000038118

- **c. LEI of Series:** 549300V2BTT1NOHBR141

**Item A.3. Reporting period.**

- **a. Date of fiscal year-end:** 2025-09-30

- **b. Date as of which information is reported:** 2025-09-30

**Item A.4. Final filing**

Does the Fund anticipate that this will be its final filing on Form N-PORT? **No**

### Fund Information

**Total Assets:** $1050643910.49

**Total Liabilities:** $1227438.23

**Net Assets:** $1049416472.26

**Cash Not Reported:** $31807758.72

**Monthly Return Information**

| Class               | Month 1 Return (%)   | Month 2 Return (%)   | Month 3 Return (%)   |
|:---|:---|:---|:---|
| Class ID C000117513 | -3.19%               | -1.13%               | -0.73%               |
| Class ID C000117512 | -3.23%               | -1.22%               | -0.81%               |
| Class ID C000117511 | -3.18%               | -1.14%               | -0.74%               |
| Class ID C000148859 | -3.14%               | -1.13%               | -0.73%               |

**Monthly Gains & Losses**

| Period   | Net Realized Gain/Loss   | Net Unrealized Appreciation/Depreciation   |
|:---|:---|:---|
| Month 1  | $-21473893.76            | $-12681131.22                              |
| Month 2  | $-14097233.54            | $407413.89                                 |
| Month 3  | $3123001.05              | $-12013535.33                              |

### Schedule of Portfolio Investments

| Name                               | Title                                | Identifiers                                   | Payoff Profile   | Asset Category   | Issuer Category   | Country   |   Balance | Units   | Value (USD)   | % of Net Assets   | Maturity Date   | Coupon Type   | Annualized Rate (%)   | Restricted?   |   Fair Value Level | Lending Status   |
|:---|:---|:---|:---|:---|:---|:---|---:|:---|:---|:---|:---|:---|:---|:---|---:|:---|
| Heineken Malaysia Bhd              | Heineken Malaysia Bhd                | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MY        |   3793700 | NS      | $19200620.17  | 1.83%             |  |  |  | No            |                  1 | On Loan: No      |
| Alten SA                           | Alten SA                             | CUSIP: 000000000<br>LEI: 969500Y7G9TY7Y24GN07 | Long             | EC               | CORP              | FR        |    323585 | NS      | $26555357.35  | 2.53%             |  |  |  | No            |                  1 | On Loan: No      |
| As One Corp                        | As One Corp                          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |   2059300 | NS      | $34185897.83  | 3.26%             |  |  |  | No            |                  1 | On Loan: No      |
| MEITEC Group Holdings Inc          | MEITEC Group Holdings Inc            | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    934900 | NS      | $20179198.70  | 1.92%             |  |  |  | No            |                  1 | On Loan: No      |
| Bouvet ASA                         | Bouvet ASA                           | CUSIP: 000000000<br>LEI: 5967007LIEEXZXFMBC26 | Long             | EC               | CORP              | NO        |   3791048 | NS      | $25034201.26  | 2.39%             |  |  |  | No            |                  1 | On Loan: No      |
| Dreyfus Government Cash Management | Dreyfus Government Cash Management   | CUSIP: 262006208<br>LEI: 5493000Q69I5Q3QZIA91 | Long             | STIV             | RF                | US        |  25232464 | NS      | $25232463.97  | 2.40%             |  |  |  | No            |                  1 | On Loan: No      |
| NICE Information Service Co Lt     | NICE Information Service Co Ltd      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |   1125587 | NS      | $11175244.58  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Howden Joinery Group PLC           | Howden Joinery Group PLC             | CUSIP: 000000000<br>LEI: 213800KC1LJOJTY3JP45 | Long             | EC               | CORP              | GB        |   2592739 | NS      | $29412631.44  | 2.80%             |  |  |  | No            |                  1 | On Loan: No      |
| Moltiply Group SpA                 | Moltiply Group SpA                   | CUSIP: 000000000<br>LEI: 8156004E40D6A02C5046 | Long             | EC               | CORP              | IT        |    408080 | NS      | $19882912.45  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| MISUMI Group Inc                   | MISUMI Group Inc                     | CUSIP: 000000000<br>LEI: 353800SJWGE5BEK2V032 | Long             | EC               | CORP              | JP        |   1274000 | NS      | $19870040.91  | 1.89%             |  |  |  | No            |                  1 | On Loan: No      |
| Mortgage Advice Bureau Holding     | Mortgage Advice Bureau Holdings Ltd  | CUSIP: 000000000<br>LEI: 2138008AY1RA61T6W960 | Long             | EC               | CORP              | GB        |   1363535 | NS      | $13166814.83  | 1.25%             |  |  |  | No            |                  1 | On Loan: No      |
| FinecoBank Banca Fineco SpA        | FinecoBank Banca Fineco SpA          | CUSIP: 000000000<br>LEI: 549300L7YCATGO57ZE10 | Long             | EC               | CORP              | IT        |   1454692 | NS      | $31433552.43  | 3.00%             |  |  |  | No            |                  1 | On Loan: No      |
| Sopra Steria Group                 | Sopra Steria Group                   | CUSIP: 000000000<br>LEI: 96950020QIOHAAK9V551 | Long             | EC               | CORP              | FR        |    164656 | NS      | $31278266.17  | 2.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Sarana Menara Nusantara Tbk PT     | Sarana Menara Nusantara Tbk PT       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        | 338026000 | NS      | $11865899.19  | 1.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Corp Moctezuma SAB de CV           | Corp Moctezuma SAB de CV             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |  10563683 | NS      | $47351556.91  | 4.51%             |  |  |  | No            |                  1 | On Loan: No      |
| AJ Bell PLC                        | AJ Bell PLC                          | CUSIP: 000000000<br>LEI: 213800VNKA7DPWXWJJ36 | Long             | EC               | CORP              | GB        |   6764385 | NS      | $49262536.81  | 4.69%             |  |  |  | No            |                  1 | On Loan: No      |
| oOh!media Ltd                      | oOh!media Ltd                        | CUSIP: 000000000<br>LEI: 984500D581E7E7A88078 | Long             | EC               | CORP              | AU        |  33300196 | NS      | $32831762.14  | 3.13%             |  |  |  | No            |                  1 | On Loan: No      |
| Hemnet Group AB                    | Hemnet Group AB                      | CUSIP: 000000000<br>LEI: 5493008VIU67J3HUAR07 | Long             | EC               | CORP              | SE        |   1335552 | NS      | $33593082.26  | 3.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Ibstock PLC                        | Ibstock PLC                          | CUSIP: 000000000<br>LEI: 2138003QHTNX34CN9V93 | Long             | EC               | CORP              | GB        |   5475419 | NS      | $10250536.29  | 0.98%             |  |  |  | No            |                  1 | On Loan: No      |
| Infrastrutture Wireless Italia     | Infrastrutture Wireless Italiane SpA | CUSIP: 000000000<br>LEI: 81560066183FE361C071 | Long             | EC               | CORP              | IT        |   1870432 | NS      | $21981766.70  | 2.09%             |  |  |  | No            |                  1 | On Loan: No      |
| Baltic Classifieds Group PLC       | Baltic Classifieds Group PLC         | CUSIP: 000000000<br>LEI: 213800I1RPHCFSSQS969 | Long             | EC               | CORP              | LT        |  14354786 | NS      | $59847830.24  | 5.70%             |  |  |  | No            |                  1 | On Loan: No      |
| Knorr-Bremse AG                    | Knorr-Bremse AG                      | CUSIP: 000000000<br>LEI: 5299001GRRO0Z25YZT52 | Long             | EC               | CORP              | DE        |    185702 | NS      | $17409171.13  | 1.66%             |  |  |  | No            |                  1 | On Loan: No      |
| S-1 Corp                           | S-1 Corp                             | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | KR        |    312510 | NS      | $18732112.90  | 1.79%             |  |  |  | No            |                  1 | On Loan: No      |
| Dayamitra Telekomunikasi PT        | Dayamitra Telekomunikasi PT          | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | ID        | 391230800 | NS      | $13616193.46  | 1.30%             |  |  |  | No            |                  1 | On Loan: No      |
| Auto Trader Group PLC              | Auto Trader Group PLC                | CUSIP: 000000000<br>LEI: 213800QLK9BZILB1DI86 | Long             | EC               | CORP              | GB        |   2689919 | NS      | $28514491.20  | 2.72%             |  |  |  | No            |                  1 | On Loan: No      |
| VAT Group AG                       | VAT Group AG                         | CUSIP: 000000000<br>LEI: 529900MVFK7NVALR7Y83 | Long             | EC               | CORP              | CH        |     44356 | NS      | $17518405.13  | 1.67%             |  |  |  | No            |                  1 | On Loan: No      |
| Allegro.eu SA                      | Allegro.eu SA                        | CUSIP: 000000000<br>LEI: 222100VRLXV3FPMG4982 | Long             | EC               | CORP              | PL        |   2196889 | NS      | $21514661.37  | 2.05%             |  |  |  | No            |                  1 | On Loan: No      |
| Caixa Seguridade Participacoes     | Caixa Seguridade Participacoes S/A   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | BR        |  16248537 | NS      | $46007882.49  | 4.38%             |  |  |  | No            |                  1 | On Loan: No      |
| Anhui Gujing Distillery Co Ltd     | Anhui Gujing Distillery Co Ltd       | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | CN        |   1308322 | NS      | $18157245.42  | 1.73%             |  |  |  | No            |                  1 | On Loan: No      |
| SHIFT Inc                          | SHIFT Inc                            | CUSIP: 000000000<br>LEI: 353800HJXMOPLJ7BO262 | Long             | EC               | CORP              | JP        |   1320800 | NS      | $11164080.20  | 1.06%             |  |  |  | No            |                  1 | On Loan: No      |
| Qualitas Controladora SAB de C     | Qualitas Controladora SAB de CV      | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | MX        |    591090 | NS      | $5389478.16   | 0.51%             |  |  |  | No            |                  1 | On Loan: No      |
| Rightmove PLC                      | Rightmove PLC                        | CUSIP: 000000000<br>LEI: 2138001JXGCFKBXYB828 | Long             | EC               | CORP              | GB        |   4356753 | NS      | $41519687.92  | 3.96%             |  |  |  | No            |                  1 | On Loan: No      |
| MTU Aero Engines AG                | MTU Aero Engines AG                  | CUSIP: 000000000<br>LEI: 529900807L67JY81RD65 | Long             | EC               | CORP              | DE        |     75749 | NS      | $34763954.05  | 3.31%             |  |  |  | No            |                  1 | On Loan: No      |
| Lumax International Corp Ltd       | Lumax International Corp Ltd         | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | TW        |   1840247 | NS      | $6219090.52   | 0.59%             |  |  |  | No            |                  1 | On Loan: No      |
| Haw Par Corp Ltd                   | Haw Par Corp Ltd                     | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | SG        |   3915012 | NS      | $43097151.36  | 4.11%             |  |  |  | No            |                  1 | On Loan: No      |
| Epiroc AB                          | Epiroc AB                            | CUSIP: 000000000<br>LEI: 5493004Q73OEYW1SPE91 | Long             | EC               | CORP              | SE        |   1464826 | NS      | $27602410.39  | 2.63%             |  |  |  | No            |                  1 | On Loan: No      |
| Kainos Group PLC                   | Kainos Group PLC                     | CUSIP: 000000000<br>LEI: 213800H2PQMIF3OVZY47 | Long             | EC               | CORP              | GB        |    972561 | NS      | $12354034.39  | 1.18%             |  |  |  | No            |                  1 | On Loan: No      |
| HAITIAN INT'L                      | Haitian International Holdings Ltd   | CUSIP: 000000000<br>LEI: 30030093DDRS825TVP62 | Long             | EC               | CORP              | CN        |   9534025 | NS      | $26267130.48  | 2.50%             |  |  |  | No            |                  1 | On Loan: No      |
| Forterra PLC                       | Forterra PLC                         | CUSIP: 000000000<br>LEI: 213800O5DD6ATBVJAD23 | Long             | EC               | CORP              | GB        |   5017278 | NS      | $12631764.01  | 1.20%             |  |  |  | No            |                  1 | On Loan: No      |
| Pason Systems Inc                  | Pason Systems Inc                    | CUSIP: 702925108<br>LEI: 984500DC6T2FLR969F65 | Long             | EC               | CORP              | CA        |   2457045 | NS      | $21327228.28  | 2.03%             |  |  |  | No            |                  1 | On Loan: No      |
| Riken Keiki Co Ltd                 | Riken Keiki Co Ltd                   | CUSIP: 000000000<br>LEI: N/A                  | Long             | EC               | CORP              | JP        |    807700 | NS      | $17067738.45  | 1.63%             |  |  |  | No            |                  1 | On Loan: No      |

### Signature

**Date Signed:** 2025-11-24

**Name of Applicant:** Virtus Opportunities Trust

**Signature:** Amy Hackett

**Name of Signer:** Amy Hackett

**Title:** Vice President and Assistant Treasurer