XML 10 R3.htm IDEA: XBRL DOCUMENT v3.24.1.1.u2
Label Element Value
Virtus Stone Harbor Emerging Markets Bond Fund  
Risk/Return: rr_RiskReturnAbstract  
Supplement to Prospectus [Text Block] rr_SupplementToProspectusTextBlock

Supplement dated June 28, 2024 to the Fund’s prospectuses dated September 28, 2023, as supplemented

IMPORTANT NOTICE TO INVESTORS

Effective June 28, 2024, a regulatory benchmark will be added to the Fund’s Average Annual Total Returns table in the Fund’s “Performance Information” section.

Under “Performance Information” in the Fund’s summary prospectus and the summary section of the statutory prospectus:

1. The second sentence in the second paragraph will be replaced with the following:

The table shows how the Fund’s and Predecessor Fund’s average annual returns compare to those of a broad-based securities market index and a style-specific index that reflects the market sectors in which the fund invests.

2. The following paragraph will be added under the Average Annual Total Returns table:

The J.P. Morgan EMBI Global Diversified Index (EMBI Global Diversified) tracks total returns for U.S. dollar-denominated debt instruments issued by emerging markets sovereign and quasi-sovereign entities: Brady bonds, loans, and Eurobonds. The index limits the weights of those index countries with larger debt stocks by only including specified portions of these countries’ eligible current face amounts outstanding. The countries covered in the EMBI Global Diversified are identical to those covered by the EMBI Global. The index is calculated on a total-return basis with dividends reinvested. The index is unmanaged and not available for direct investment.

3. The table showing Average Annual Total Returns is hereby replaced in its entirety as shown below:
Risk/Return [Heading] rr_RiskReturnHeading Virtus Stone Harbor Emerging Markets Bond Fund
Bar Chart and Performance Table [Heading] rr_BarChartAndPerformanceTableHeading Performance Information
Performance Table Heading rr_PerformanceTableHeading Average Annual Total Returns (for the periods ended 12/31/23; includes returns of the Predecessor Fund)
Performance Table Does Reflect Sales Loads rr_PerformanceTableDoesReflectSalesLoads Returns reflect deduction of maximum sales charges and full redemption at end of periods shown.
Performance Table Narrative rr_PerformanceTableNarrativeTextBlock

Returns reflect deduction of maximum sales charges and full redemption at end of periods shown.
Virtus Stone Harbor Emerging Markets Bond Fund | JPMorgan EMBI Global Diversified Index  
Risk/Return: rr_RiskReturnAbstract  
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Label rr_AverageAnnualReturnLabel JPMorgan EMBI Global Diversified Index
1 Year rr_AverageAnnualReturnYear01 11.09%
5 Years rr_AverageAnnualReturnYear05 1.67%
10 Years rr_AverageAnnualReturnYear10 3.22%
Since Inception rr_AverageAnnualReturnSinceInception 2.57%
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 11, 2022
Virtus Stone Harbor Emerging Markets Bond Fund | JPMorgan CEMBI Broad Diversified Index  
Risk/Return: rr_RiskReturnAbstract  
Index No Deduction for Fees, Expenses, Taxes [Text] rr_IndexNoDeductionForFeesExpensesTaxes (reflects no deduction for fees, expenses or taxes)
Label rr_AverageAnnualReturnLabel JPMorgan CEMBI Broad Diversified Index
1 Year rr_AverageAnnualReturnYear01 9.08%
5 Years rr_AverageAnnualReturnYear05 3.19%
10 Years rr_AverageAnnualReturnYear10 3.77%
Since Inception rr_AverageAnnualReturnSinceInception 3.40%
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 11, 2022
Virtus Stone Harbor Emerging Markets Bond Fund | Class I Shares  
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 9.71%
5 Years rr_AverageAnnualReturnYear05 3.91%
10 Years rr_AverageAnnualReturnYear10 3.83%
Virtus Stone Harbor Emerging Markets Bond Fund | Class I Shares | After Taxes on Distributions  
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions
1 Year rr_AverageAnnualReturnYear01 7.12%
5 Years rr_AverageAnnualReturnYear05 1.72%
10 Years rr_AverageAnnualReturnYear10 1.68%
Virtus Stone Harbor Emerging Markets Bond Fund | Class I Shares | After Taxes on Distributions and Sales  
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return After Taxes on Distributions and Sale of Fund Shares
1 Year rr_AverageAnnualReturnYear01 5.66%
5 Years rr_AverageAnnualReturnYear05 2.07%
10 Years rr_AverageAnnualReturnYear10 1.98%
Virtus Stone Harbor Emerging Markets Bond Fund | Class A Shares  
Risk/Return: rr_RiskReturnAbstract  
Label rr_AverageAnnualReturnLabel Return Before Taxes
1 Year rr_AverageAnnualReturnYear01 5.22%
Since Inception rr_AverageAnnualReturnSinceInception 1.15%
Inception Date rr_AverageAnnualReturnInceptionDate Apr. 11, 2022