TENTH AMENDMENT
TO AMENDED AND RESTATED
INVESTMENT ADVISORY AGREEMENT
THIS AMENDMENT effective as of the 30th day of June, 2010
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
and January 1, 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. Virtus Premium AlphaSector Fund is hereby added as an
additional Series to the Agreement.
2. The investment advisory fee for Virtus Premium AlphaSector
Fund is 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/ ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: President
VIRTUS INVESTMENT ADVISERS, INC.
By: /s/ ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Name: ▇▇▇▇▇▇▇ ▇. ▇▇▇▇▇▇▇
Title: Senior Vice President
SCHEDULE A
Series
Investment Advisory Fee
Virtus Alternatives
Diversifier Fund
0.10%
Virtus Premium AlphaSector
Fund
1.10%
1st $1
Billion
$1+
Billion
through
$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
through
$4
Billion
$4+
Billion
Virtus Foreign Opportunities
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%
▇▇▇▇▇▇ ▇▇▇▇ 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%
VOT & VIA 10th Amend A&R IAA 20100630.doc.doc