0001104659-20-026613 Sample Contracts

VIRTUS OPPORTUNITIES TRUST Virtus Duff & Phelps Real Asset Fund SUBADVISORY AGREEMENT
Subadvisory Agreement • February 28th, 2020 • Virtus Opportunities Trust • Delaware

Virtus Opportunities Trust (the “Trust”) is an open-end investment company of the series type registered under the Investment Company Act of 1940, as amended (the “Act”), and is subject to the rules and regulations promulgated thereunder. The shares of the Trust are offered or may be offered in several series, including Virtus Duff & Phelps Real Asset Fund (sometimes hereafter referred to as the “Series”).

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