v3.26.3
Label Element Value
Virtus Newfleet CMBS MACS  
Risk/Return: oef_RiskReturnAbstract  
Risk/Return [Heading] oef_RiskReturnHeading Virtus Newfleet CMBS MACS
Objective [Heading] oef_ObjectiveHeading Investment Objective
Objective, Primary [Text Block] oef_ObjectivePrimaryTextBlock

The fund has a primary investment objective of long-term total return, inclusive of a relatively high level of income.
Expense Heading [Optional Text] oef_ExpenseHeading Fees and Expenses
Expense Narrative [Text Block] oef_ExpenseNarrativeTextBlock

The tables below illustrate the fees and expenses that you may pay if you buy, hold and sell shares of the fund. You may pay other fees, such as brokerage commissions and other fees to financial intermediaries, which are not reflected in the tables and examples below.

Shareholder Fees Caption [Optional Text] oef_ShareholderFeesCaption Shareholder Fees (fees paid directly from your investment)
Operating Expenses Caption [Optional Text] oef_OperatingExpensesCaption Annual Fund Operating Expenses (expenses that you pay each year as a percentage of the value of your investment)
Portfolio Turnover [Heading] oef_PortfolioTurnoverHeading Portfolio Turnover
Portfolio Turnover [Text Block] oef_PortfolioTurnoverTextBlock

The fund pays transaction costs, such as commissions, when it buys and sells securities (or “turns over” its portfolio). A higher portfolio turnover rate may indicate higher transaction costs and may result in higher taxes when fund shares are held in a taxable account. These costs, which are not reflected in annual fund operating expenses or in the example, affect the fund’s performance. During the most recent fiscal year, the fund’s portfolio turnover rate was 33% of the average value of its portfolio.

Portfolio Turnover, Rate oef_PortfolioTurnoverRate 33.00%
Expense Example [Heading] oef_ExpenseExampleHeading Example
Expense Example Narrative [Text Block] oef_ExpenseExampleNarrativeTextBlock

This example is intended to help you compare the cost of investing in the fund with the cost of investing in other mutual funds. The example assumes that you invest $10,000 in the fund for the time periods indicated and then redeem all of your shares at the end of those periods or continued to hold them. The example also assumes that your investment has a 5% return each year, that the fund’s operating expenses remain the same and that the expense reimbursement agreement remains in place for the contractual period. Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Expense Example by, Year, Caption [Text] oef_ExpenseExampleByYearCaption Although your actual costs may be higher or lower, based on these assumptions your costs would be:
Strategy [Heading] oef_StrategyHeading Principal Investment Strategies
Strategy Narrative [Text Block] oef_StrategyNarrativeTextBlock

The fund invests in commercial mortgage-backed securities (“CMBS”) issued or guaranteed by the U.S. Government, its agencies or instrumentalities, or issued by non-government entities, such as commercial banks or other private lenders, with an emphasis on investment-grade securities.

Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade tranches of CMBS, and in other instruments that have economic characteristics similar to such investments.

Mortgage-backed securities represent interests in pools of mortgage loans purchased from individual lenders by a federal agency or originated and issued by private lenders. CMBS include securities that reflect an interest in, and are secured by, mortgage loans on commercial real property. The fund will invest exclusively in debt tranches of CMBS, which may include below-investment grade debt securities, commonly referred to as “high yield” securities or “junk bonds.” There is no limitation on the maturity of the fund’s debt investments. The CMBS in which the fund invests are generally purchased pursuant to Rule 144A under the Securities Act of 1933 and are therefore subject to certain resale restrictions.

For purposes of its investment objective, the fund defines a “relatively high level of income” as a level of income comparable to the yield to maturity of the agency component of the Bloomberg US Mortgage Backed Securities (MBS) Index. As of June 30, 2026, the yield to maturity of the agency component of the Bloomberg US Mortgage Backed Securities Index was 4.97%.
Summary of Definition of Rule 35d-1 Term in Fund Name [Text Block] fnd_NmRule35d1TermDfnSmryTextBlock Mortgage-backed securities represent interests in pools of mortgage loans purchased from individual lenders by a federal agency or originated and issued by private lenders. CMBS include securities that reflect an interest in, and are secured by, mortgage loans on commercial real property.
Summary of Selection Criteria for Rule 35d-1 Term in Fund Name [Text Block] fnd_NmRule35d1TermSlctnCritSmryTextBlock

The fund invests in commercial mortgage-backed securities (“CMBS”) issued or guaranteed by the U.S. Government, its agencies or instrumentalities, or issued by non-government entities, such as commercial banks or other private lenders, with an emphasis on investment-grade securities.

The fund will invest exclusively in debt tranches of CMBS, which may include below-investment grade debt securities, commonly referred to as “high yield” securities or “junk bonds.”
Rule 35d-1 Eighty Percent Investment Policy [Text Block] fnd_NmRule35d1EightyPctInvstmntPlcyTextBlock Under normal circumstances, the fund will invest at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in investment grade tranches of CMBS, and in other instruments that have economic characteristics similar to such investments.
Bar Chart and Performance Table [Heading] oef_BarChartAndPerformanceTableHeading Performance Information
Performance Narrative [Text Block] oef_PerformanceNarrativeTextBlock

The fund has not had a full calendar year of operations; therefore, performance information is not shown here. Updated performance information is available by calling 800-243-1574.
Performance One Year or Less [Text] oef_PerformanceOneYearOrLess The fund has not had a full calendar year of operations; therefore, performance information is not shown here.
Virtus Newfleet CMBS MACS | Principal Risks  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock

Principal Risks

The fund may not achieve its objective(s), and it is not intended to be a complete investment program. The value of the fund’s investments that supports your share value may decrease. If between the time you purchase shares and the time you sell shares the value of the fund’s investments decreases, you will lose money. Investment values can decrease for a number of reasons. Conditions affecting the overall economy, specific industries or companies in which the fund invests can be worse than expected, and investments may fail to perform as the subadviser expects. As a result, the value of your shares may decrease. Purchase and redemption activities by fund shareholders may impact the management of the fund and its ability to achieve its investment objective(s). The principal risks of investing in the fund are identified below.
Virtus Newfleet CMBS MACS | Risk Lose Money [Member]  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock If between the time you purchase shares and the time you sell shares the value of the fund’s investments decreases, you will lose money.
Virtus Newfleet CMBS MACS | Mortgage-Backed Securities Risk  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock

> Mortgage-Backed Securities Risk: Changes in interest rates may cause both extension and prepayment risks for mortgage-backed securities. These securities are also subject to risks associated with the non-repayment of underlying collateral, including losses to the fund.
Virtus Newfleet CMBS MACS | Commercial Mortgage-Backed Securities Risk  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock

> Commercial Mortgage-Backed Securities Risk: CMBS are not backed by the full faith and credit of the U.S. government and are subject to risk of default on the underlying mortgages, particularly during periods of economic downturn. CMBS are subject to a greater degree of prepayment and extension risk than many other forms of fixed income investments and therefore react differently to changes in interest rates than other bonds, and the prices of CMBS may reflect adverse economic and market conditions.
Virtus Newfleet CMBS MACS | Income Risk  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock

> Income Risk: Income received from the fund may vary widely over the short- and long-term and/or be less than anticipated if the proceeds from maturing securities in the fund are reinvested in lower-yielding securities.
Virtus Newfleet CMBS MACS | Credit Risk  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock

> Credit Risk: If the issuer of a debt instrument fails to pay interest or principal in a timely manner, or negative perceptions exist in the market of the issuer’s ability to make such payments, the price of the security may decline.
Virtus Newfleet CMBS MACS | Interest Rate Risk  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock

> Interest Rate Risk: The values of debt instruments may rise or fall in response to changes in interest rates, and this risk may be enhanced for securities with longer maturities.
Virtus Newfleet CMBS MACS | Prepayment/Call Risk  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock

> Prepayment/Call Risk: Issuers may prepay or call their fixed rate obligations when interest rates fall, forcing the fund to reinvest in obligations with lower interest rates and the fund may not benefit fully from the increase in value that other fixed income investments experience when interest rates decline.
Virtus Newfleet CMBS MACS | High-Yield/High-Risk Fixed Income Securities (Junk Bonds) Risk  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock

> High-Yield/High-Risk Fixed Income Securities (Junk Bonds) Risk: There is a greater risk of issuer default, less liquidity, and increased price volatility related to high-yield/high-risk securities than investment grade securities, and high-yield/high-risk securities are generally considered to be speculative.
Virtus Newfleet CMBS MACS | Illiquid and Restricted Securities Risk  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock

> Illiquid and Restricted Securities Risk: Certain securities in which the fund invests may be difficult to sell at the time and price beneficial to the fund, for example due to low trading volumes or legal restrictions.
Virtus Newfleet CMBS MACS | Market Volatility Risk  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock

> Market Volatility Risk: The value of the securities in the fund may go up or down in response to the prospects of individual companies and/or general economic conditions. Price changes may be short- or long-term. Local, regional or global events such as war or military conflict (e.g., Russia’s invasion of Ukraine), geopolitical risk, acts of terrorism, the spread of infectious illness or other public health issue, recessions, tariffs and other restrictions on trade, or the threat or potential of one or more such events and developments, could have a significant impact on the fund and its investments, including hampering the ability of the fund’s portfolio manager(s) to invest the fund’s assets as intended.
Virtus Newfleet CMBS MACS | MBS Sector Focused Investing Risk  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock

> MBS Sector Focused Investing Risk: Events negatively affecting the commercial mortgage-backed securities sector and its sub-sectors, in which the fund focuses its investments may cause the value of the fund’s shares to decrease, perhaps significantly.
Virtus Newfleet CMBS MACS | Large Shareholder Risk  
Risk/Return: oef_RiskReturnAbstract  
Risk [Text Block] oef_RiskTextBlock

> Large Shareholder Risk: Certain account holders, including the subadviser or funds or accounts over which the subadviser has investment discretion, may from time to time own or control a significant percentage of the fund’s shares. The fund is subject to the risk that a redemption by large shareholders of all or a portion of their fund shares or a purchase of fund shares in large amounts and/or on a frequent basis, including as a result of asset allocation decisions made by the subadviser, will adversely affect the fund’s performance if it is forced to sell portfolio securities or invest cash when the subadviser would not otherwise choose to do so. This risk will be particularly pronounced if one shareholder owns a substantial portion of the fund. Redemptions of a large number of shares may affect the liquidity of the fund’s portfolio, increase the fund’s transaction costs and/or lead to the liquidation of the fund. Such transactions also potentially limit the use of any capital loss carryforwards and certain other losses to offset future realized capital gains (if any). The effects of taxable gains resulting from large redemptions of fund shares would particularly impact non-redeeming shareholders who do not hold their fund shares in a tax-advantaged or tax-exempt vehicle.
Virtus Newfleet CMBS MACS | Virtus Newfleet CMBS MACS  
Risk/Return: oef_RiskReturnAbstract  
Maximum Sales Charge Imposed on Purchases (as a percentage of Offering Price) oef_MaximumSalesChargeImposedOnPurchasesOverOfferingPrice 0.00%
Maximum Deferred Sales Charge (as a percentage of Offering Price) oef_MaximumDeferredSalesChargeOverOfferingPrice 0.00%
Management Fees (as a percentage of Assets) oef_ManagementFeesOverAssets 0.00% [1]
Other Expenses (as a percentage of Assets): oef_OtherExpensesOverAssets 0.78%
Expenses (as a percentage of Assets) oef_ExpensesOverAssets 0.78%
Fee Waiver or Reimbursement oef_FeeWaiverOrReimbursementOverAssets (0.78%) [2]
Net Expenses (as a percentage of Assets) oef_NetExpensesOverAssets 0.00% [2]
Expense Example, with Redemption, 1 Year oef_ExpenseExampleYear01 $ 0
Expense Example, with Redemption, 3 Years oef_ExpenseExampleYear03 0
Expense Example, with Redemption, 5 Years oef_ExpenseExampleYear05 0
Expense Example, with Redemption, 10 Years oef_ExpenseExampleYear10 0
Expense Example, No Redemption, 1 Year oef_ExpenseExampleNoRedemptionYear01 0
Expense Example, No Redemption, 3 Years oef_ExpenseExampleNoRedemptionYear03 0
Expense Example, No Redemption, 5 Years oef_ExpenseExampleNoRedemptionYear05 0
Expense Example, No Redemption, 10 Years oef_ExpenseExampleNoRedemptionYear10 $ 0
[1]

Neither the fund’s investment adviser nor the fund’s subadviser charges a management fee to the fund. Shareholders should be aware, however, that the fund is an integral part of separately managed account programs, and the fund’s investment adviser, the fund’s subadviser or their affiliates will be compensated directly or indirectly by separately managed account program sponsors or program participants for managed account advisory services.
[2]

The fund’s subadviser has contractually agreed to limit the fund’s total operating expenses (excluding certain expenses, such as front-end or contingent deferred sales charges, taxes (federal, state or otherwise), tax reclaim expenses, leverage and borrowing expenses (such as commitment, amendment and renewal expenses on credit or redemption facilities), interest, brokerage commissions, depositary receipt program fees, expenses incurred in connection with any merger or reorganization, expenses incurred in connection with any meeting of the fund's shareholders, unusual or infrequently occurring expenses, litigation expenses (including expenses for responding to document requests for litigation to which the fund is not a party), acquired fund fees and expenses, and dividend expenses, if any) so that such expenses do not exceed 0.00% indefinitely. Only the fund’s Board may modify or terminate the expense limitation agreement.