Company:  VIRTUS OPPORTUNITIES TRUS ... (CTESX)
Form Type:  485BPOS
Filing Date:  1/28/2008 
CIK:  0001005020 
Address:  101 MUNSON STREET 
City, State, Zip:  GREENFIELD, Massachusetts 01301 
Telephone:  800 243-1574 
Fiscal Year:  09/30 
Last Trade
Last Trade: 
$12.42  
Change: 
N/A  
Trade Time: 
Jun 19  
Market Cap: 
N/A
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  FORM 485BPOS
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Mutual Fund Investing Risk
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Investment Objectives
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Emerging Market Investing Risk
    Performance Tables
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Pricing of Fund Shares
      SALES CHARGES
      SALES CHARGES
    How to Buy Shares
    Tax Status of Distributions
    Financial Highlights
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
    ADDITIONAL INFORMATION
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Investment Objectives
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Performance Tables
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Risks Related to Principal Investment Strategies
    Emerging Market Investing Risk
    Pricing of Fund Shares
      SALES CHARGES
      SALES CHARGES
      SALES CHARGES
      SALES CHARGES
    Tax Status of Distributions
    Financial Highlights
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
    ADDITIONAL INFORMATION
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Initial Public Offerings (IPOs) Investing Risk
    Limited Number of Investments Risk
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Pricing of Fund Shares
      SALES CHARGES
      SALES CHARGES
    How to Buy Shares
    Tax Status of Distributions
    Financial Highlights
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
    ADDITIONAL INFORMATION
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Emerging Market Investing Risk
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Emerging Market Investing Risk
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Investment Objective
    Principal Investment Strategies
    Risks Related to Principal Investment Strategies
    Emerging Market Investing Risk
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
    Management of the Fund
    Portfolio Management
    Pricing of Fund Shares
      SALES CHARGES
      SALES CHARGES
    How to Buy Shares
    Tax Status of Distributions
    Financial Highlights
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
    ADDITIONAL INFORMATION
    Investment Objective
    Principal Investment Strategies of the Wealth Accumulator PHOLIO
    Principal Risks of an Investment
    Fully Invested in Equity Securities Risk
    Limited Number of Investments Risk
    Performance Tables
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
      OPERATING EXPENSES
    Investment Objective
    Principal Investment Strategies of the Wealth Builder PHOLIO
    Principal Risks of an Investment
    Fully Invested in Equity Securities Risk
    Limited Number of Investments Risk
    Short-Term Investments Risk
    Performance Information
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
      OPERATING EXPENSES
    Investment Objective
    Principal Investment Strategies
    Principal Risks of an Investment
    Fully Invested in Equity Securities Risk
    Limited Number of Investments Risk
    Short-Term Investments Risk
    Performance Information
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
      OPERATING EXPENSES
    Investment Objective
    Principal Investment Strategies of the Diversifier PHOLIO
    Principal Risks of an Investment
    Fully Invested in Equity Securities Risk
    Performance Information
      FUND PERFORMANCE
    Fund Fees and Expenses
      STOCKHOLDERS EQUITY
      OPERATING EXPENSES
    Management of the Funds
    Portfolio Management
    Pricing of Fund Shares
      SALES CHARGES
      SALES CHARGES
    Tax Status of Distributions
    Financial Highlights
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
      FINANCIAL HIGHLIGHTS TABLE
    Appendix A
    Appendix B
      ADDITIONAL INFORMATION
      INVESTMENT TECHNIQUES AND RISKS
      Special California Risk Factors
      PERFORMANCE INFORMATION
      PORTFOLIO TRANSACTIONS AND BROKERAGE
      Investment Advisory and Subadvisory Agreements
      Board of Trustees' Consideration of Investment Advisory ...
      Ownership of Fund Securities by Portfolio Managers
        TRUSTEE OWNERSHIP
      NET ASSET VALUE
      HOW TO BUY SHARES
      DIVIDENDS, DISTRIBUTIONS AND TAXES
      California Taxation of Distributions-CA Tax Exempt Bond Fund
        SALES CHARGES
        SALES CHARGES
        SALES CHARGES
      MANAGEMENT OF THE TRUST
      Trustees and Officers
        NAME AND TITLE
        NAME AND TITLE
        NAME AND TITLE
      Officers of the Trust Who Are Not Trustees
        NAME AND TITLE
        COMPENSATION TABLE
        TRUSTEE OWNERSHIP
      Principal Shareholders
        BENEFICIAL OWNERS
      ADDITIONAL INFORMATION
      Financial Statements
    APPENDIX
    PART C-OTHER INFORMATION
      Item 23. Exhibits
      Item 24. Persons Controlled by or Under Common Control with ...
      Item 25. Indemnification
      Item 26. Business and Other Connections of the Investment ...
      Item 27. Principal Underwriter
        NAME AND TITLE
        NAME AND TITLE
      Item 28. Location of Accounts and Records
      Investment Adviser:
      Item 29. Management Services
      Item 30. Undertakings
    SIGNATURES
  EXHIBIT 99.D17
  EXHIBIT 99.D18
  EXHIBIT 99.D19
  EXHIBIT 99.D20
  EXHIBIT 99.H6
  EXHIBIT 99.H7
  EXHIBIT 99.H8
  EXHIBIT 99.H9
  EXHIBIT 99.I2
  EXHIBIT 99.J
  EXHIBIT 99.M8
  EXHIBIT 99.M9
  EXHIBIT 99.M10
  EXHIBIT 99.M11
  EXHIBIT 99.M12
  EXHIBIT 99.M13
  EXHIBIT 99.M14
  EXHIBIT 99.P6
  EXHIBIT 99.Q