https://www.sec.gov/Archives/edgar/data/34273/000114420418002996/tv483635_497.htm497 1 tv483635_497.htm VIRTUS CONTRARIAN VALUE FUND   
Virtus Contrarian Value Fund,
a series of Virtus Equity Trust 
Supplement dated January 22, 2018 to the Prospectus and
Statement of Additional Information for Virtus Equity Trust,
each dated July 31, 2017, as supplemented 
IMPORTANT NOTICE TO INVESTORS 
Effective January 19, 2018, Virtus Contrarian Value Fund, formerly a series of Virtus Equity Trust, was merged with and into Virtus Ceredex Mid-Cap Value Equity Fund, a series of Virtus Asset Trust. Virtus Contrarian Value Fund has ceased to exist and is no longer available for sale.  
Investors should retain this supplement with the 
 Prospectus and Statement of Additional Information for 
 future reference. 
VET 8019/CVMerged 
 (1/2018)