THIRTEENTH AMENDMENT
TO AMENDED AND RESTATED
INVESTMENT ADVISORY AGREEMENT
THIS AMENDMENT effective as of the 15th day of March, 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, September 14, 2010
and January 1, 2011 (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. Virtus Global Commodities Stock Fund, Virtus Allocator
Premium AlphaSector Fund and Virtus Global Premium
AlphaSector Fund are hereby added as additional Series to
the Agreement.
2. The investment advisory fee for Virtus Global Commodities
Stock Fund, Virtus Allocator Premium AlphaSector Fund and
Virtus Global Premium AlphaSector 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 addition.
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 $1+ Billion 2+
Billion through $2 Billion
Billion
Virtus CA Tax-Exempt Bond Fund
0.45% 0.40% 0.35%
Virtus Global Commodities Stock Fund
1.00% 0.95% 0.90%
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 $2+ $4+
Billion Billion Billion
through
$4 Billion
Virtus Allocator Premium AlphaSector Fund
1.10% 1.05% 1.00%
Virtus Foreign Opportunities Fund
0.85% 0.80% 0.75%
Virtus Global Premium AlphaSector Fund
1.10% 1.05% 1.00%
Virtus International Equity Fund
0.85% 0.80% 0.75%
1st $1 $1+ Billion
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%
