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Concentration of Credit Risk
 12 Months Ended
Dec. 31, 2019
Risks and Uncertainties [Abstract]  
Concentration of Credit Risk Concentration of Credit Risk

The concentration of credit risk with respect to advisory fees receivable is generally limited due to the short payment terms extended to clients by the Company. No funds provided 10 percent or more of the total revenues of the Company in the year ended December 31, 2019. The following funds provided 10 percent or more of the total revenues of the Company in fiscal 2018 and 2017: 
 
 
 
(in thousands)
 
2018
 
2017
Virtus Newfleet Multi-Sector Short Term Bond Fund
 
 
 
 
Investment management, administration and shareholder service fees
 
$
54,257

 
$
44,577

Percent of total revenues
 
10
%
 
11
%
Virtus Vontobel Emerging Markets Opportunities Fund
 
 
 
 
Investment management, administration and shareholder service fees
 
$
52,548

 
$
48,826

Percent of total revenues
 
10
%
 
12
%