Virtus Vontobel Greater European Opportunities Fund A 

This fund dedicates a minimum of 80% of its assets to equity securities or equity-linked instruments from issuers located throughout Europe, including those in emerging markets. Equity-linked instruments are hybrid debt securities whose returns are directly correlated with an underlying equity, typically a stock. The subadviser strives for broad diversification, aiming to include companies from various countries and business activities within the portfolio. An issuer's 'location' is primarily determined by its country of incorporation.