TWELFTH AMENDMENT TO AMENDED AND RESTATED INVESTMENT ADVISORY AGREEMENT
TWELFTH AMENDMENT
TO AMENDED AND RESTATED
THIS AMENDMENT effective as of the 1st day of January, 2011 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 and September 14, 2010 (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. | Schedule A is hereby deleted and Schedule A attached hereto is substituted in its place to reflect the elimination of Virtus Alternatives Diversifier Fund’s investment advisory fee. |
| 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 such meanings as 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/ Xxxxxx X. Xxxxxxx | |
| Name: | Xxxxxx X. Xxxxxxx | |
| Title: | President | |
| VIRTUS INVESTMENT ADVISERS, INC. | ||
| By: | /s/ Xxxxxxx X. Xxxxxxx | |
| Name: | Xxxxxxx X. Xxxxxxx | |
| Title: | Senior Vice President | |
SCHEDULE A
| Series |
Investment Advisory Fee | |||||||||||
| Virtus Alternatives Diversifier Fund |
0.00% | |||||||||||
| Virtus Premium AlphaSector Fund |
1.10% | |||||||||||
| 1st $1 Billion | $1+ Billion $2 Billion |
$2+ Billion | ||||||||||
| Virtus CA Tax-Exempt Bond Fund |
0.45 | % | 0.40 | % | 0.35 | % | ||||||
| Virtus Global Infrastructure Fund |
0.65 | % | 0.60 | % | 0.55 | % | ||||||
| Virtus Global Opportunities Fund |
0.85 | % | 0.80 | % | 0.75 | % | ||||||
| Virtus Global Real Estate Securities Fund |
0.85 | % | 0.80 | % | 0.75 | % | ||||||
| Virtus High Yield Fund |
0.65 | % | 0.60 | % | 0.55 | % | ||||||
| Virtus International Real Estate Securities Fund |
1.00 | % | 0.95 | % | 0.90 | % | ||||||
| Virtus Multi-Sector Fixed Income Fund |
0.55 | % | 0.50 | % | 0.45 | % | ||||||
| Virtus Multi-Sector Short Term Bond Fund |
0.55 | % | 0.50 | % | 0.45 | % | ||||||
| Virtus Real Estate Securities Fund |
0.75 | % | 0.70 | % | 0.65 | % | ||||||
| Virtus Senior Floating Rate Fund |
0.60 | % | 0.55 | % | 0.50 | % | ||||||
| 1st $2 Billion | $2+ Billion $4 Billion |
$4+ Billion | ||||||||||
| Virtus Foreign Opportunities Fund |
0.85 | % | 0.80 | % | 0.75 | % | ||||||
| Virtus International Equity Fund |
0.85 | % | 0.80 | % | 0.75 | % | ||||||
| 1st $1 Billion | $1+ Billion | |||||||||||
| Virtus AlphaSector Allocation Fund |
0.45 | % | 0.40% | |||||||||
| Virtus AlphaSector Rotation Fund |
0.45 | % | 0.40% | |||||||||
| Xxxxxx Xxxx Fund |
0.45 | % | 0.40% | |||||||||
| Virtus Greater Asia ex Japan Opportunities Fund |
1.00 | % | 0.95% | |||||||||
| Virtus Greater European Opportunities Fund |
0.85 | % | 0.80% | |||||||||
| Virtus Market Neutral Fund |
1.50 | % | 1.40% | |||||||||
