TWENTY-FIFTH AMENDMENT TO AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
Exhibit d.1.y
TWENTY-FIFTH AMENDMENT
TO AMENDED AND RESTATED
THIS AMENDMENT effective as of the 1st day of January 2018, amends that certain Amended and Restated Investment Advisory Agreement dated as of November 20, 2002, and amended as of June 8, 2006, June 27, 2007, September 24, 2007, January 31, 2008, October 1, 2008, March 2, 2009, May 29, 2009, September 29, 2009, January 1, 2010, June 30, 2010, September 14, 2010, January 1, 2011, March 15, 2011, February 6, 2012, August 28, 2012, December 18, 2012, June 10, 2013, December 18, 2013, November 13, 2014, January 6, 2015, March 19, 2015, May 11, 2015, February 8, 2016 and January 9, 2017 (the “Agreement”), by and between Virtus Opportunities Trust, a Delaware statutory trust (the “Trust”), and Virtus Investment Advisers, Inc., a Massachusetts corporation (the “Adviser”), as follows:
| 1. | The revised investment advisory fees for Virtus Equity Trend Fund are hereby set forth on Schedule A to the Agreement, Schedule A is hereby deleted and Schedule A attached hereto is substituted in its place to reflect such revisions. |
| 2. | Except as expressly amended hereby, all provisions of the Agreement shall remain in full force and effect and are unchanged in all other respects. All initial capitalized terms used but not defined herein shall have the meanings ascribed thereto in the Agreement, as amended. |
| 3. | This Agreement may be executed in any number of counterparts (including executed counterparts delivered and exchanged by facsimile transmission) with the same effect as if all signing parties had originally signed the same document, and all counterparts shall be construed together and shall constitute the same instrument. For all purposes, signatures delivered and exchanged by facsimile transmission shall be binding and effective to the same extent as original signatures. |
[signature page follows]
IN WITNESS WHEREOF, the parties hereto intending to be legally bound have caused this Agreement to be executed by their duly authorized officers of other representatives.
| VIRTUS OPPORTUNITIES TRUST | ||
| By: | /s/ W. Xxxxxxx Xxxxxxx | |
| Name: | W. Xxxxxxx Xxxxxxx | |
| Title: | Executive Vice President, Chief Financial Officer & Treasurer | |
| VIRTUS INVESTMENT ADVISERS, INC. | ||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |
| Name: | Xxxxxxx X. Xxxxxxx | |
| Title: | Executive Vice President | |
SCHEDULE A
| Series | Investment Advisory Fee | |||
| Virtus Rampart Alternatives Diversifier Fund | 0.00 | % | ||
| 1st $1 Billion | $1+ Billion through $2 Billion | $2+ Billion | ||||||||||
| Xxxxxx Xxxx & Xxxxxx Global Infrastructure Fund | 0.65 | % | 0.60 | % | 0.55 | % | ||||||
| Xxxxxx Xxxx & Xxxxxx Global Real Estate Securities Fund | 0.85 | % | 0.80 | % | 0.75 | % | ||||||
| Xxxxxx Xxxx & Xxxxxx International Real Estate Securities Fund | 1.00 | % | 0.95 | % | 0.90 | % | ||||||
| Xxxxxx Xxxx & Xxxxxx Real Estate Securities Fund | 0.75 | % | 0.70 | % | 0.65 | % | ||||||
| Virtus Newfleet CA Tax-Exempt Bond Fund | 0.45 | % | 0.40 | % | 0.35 | % | ||||||
| Virtus Newfleet High Yield Fund | 0.65 | % | 0.60 | % | 0.55 | % | ||||||
| Virtus Newfleet Multi-Sector Intermediate Bond Fund | 0.55 | % | 0.50 | % | 0.45 | % | ||||||
| Xxxxxx Xxxxxxxx Global Opportunities Fund | 0.85 | % | 0.80 | % | 0.75 | % | ||||||
| 1st $2 Billion | $2+ Billion through $4 Billion | $4+ Billion | ||||||||||
| Xxxxxx Xxxx & Xxxxxx International Equity Fund | 0.85 | % | 0.80 | % | 0.75 | % | ||||||
| Virtus Newfleet Senior Floating Rate Fund | 0.45 | % | 0.40 | % | 0.38 | % | ||||||
| Virtus Rampart Multi-Asset Trend Fund | 1.00 | % | 0.95 | % | 0.90 | % | ||||||
| Virtus Rampart Global Equity Trend Fund | 1.00 | % | 0.95 | % | 0.90 | % | ||||||
| Virtus Rampart Low Volatility Equity Fund | 0.95 | % | 0.90 | % | 0.85 | % | ||||||
| Xxxxxx Xxxxxxxx Foreign Opportunities Fund | 0.85 | % | 0.80 | % | 0.75 | % | ||||||
| 1st $1 Billion | $1+ Billion | |||||||
| Xxxxxx Xxxxxxxx Fund | 1.00 | % | 0.95 | % | ||||
| Virtus Horizon International Wealth Masters Fund | 0.90 | % | 0.85 | % | ||||
| Virtus Horizon Wealth Masters Fund | 0.85 | % | 0.80 | % | ||||
| Virtus KAR Emerging Markets Small-Cap Fund | 1.20 | % | 1.15 | % | ||||
| Virtus KAR International Small-Cap Fund | 1.00 | % | 0.95 | % | ||||
| Virtus Newfleet Bond Fund | 0.45 | % | 0.40 | % | ||||
| Virtus Rampart Equity Trend Fund | 1.00 | % | 0.95 | % | ||||
| Virtus Rampart Sector Trend Fund | 0.45 | % | 0.40 | % | ||||
| Xxxxxx Xxxxxxxx Emerging Markets Debt Fund | 0.75 | % | 0.70 | % | ||||
| Xxxxxx Xxxxxxxx Greater European Opportunities Fund | 0.85 | % | 0.80 | % | ||||
| 1st $1 Billion | $1+ Billion through $2 Billion | $2+ Billion through $10 billion | $10+ Billion | |||||||||||||
| Virtus Newfleet Multi-Sector Short Term Bond Fund | 0.55 | % | 0.50 | % | 0.45 | % | 0.425 | % | ||||||||
