Fund Description: Virtus Stone Harbor Emerging Markets Total Income Fund formerly Stone Harbor Emerging Markets Total Income Fund is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. <p> INVESTMENT OBJECTIVE: The Stone Harbor Emerging Markets Total Income Fund seeks to maximize total return, which consists of income on its investments and capital appreciation in emerging markets securities. <p> FUND STRATEGY: The Fund normally will invest at least 80% of its net assets (plus borrowings for investment purposes) in Emerging Markets Debt. Emerging Markets Debt includes fixed income securities and other instruments (including derivatives) that are economically tied to emerging market countries, that are denominated in the predominant currency of the local market of an emerging market country or whose performance is linked or otherwise related to those countries' markets, currencies, economies or ability to repay loans. The Fund normally expects to invest up to 20% of its total assets in Emerging Markets Equity. Emerging Markets Equity together with Emerging Markets Debt includes securities issued by either single country or regional exchange-traded funds, common stocks, preferred stocks, other equity securities and other instruments (including derivatives) that are economically tied to the equity markets of emerging market countries, that are denominated in the predominant currency of the local market of an emerging market country or whose performance is linked or otherwise related to those countries' markets, currencies, or economies which may be denominated in non-U.S. currencies or the U.S. dollar. The Fund considers emerging market countries as those countries identified by the World Bank Group as being "low income economies" or which are included in a J.P. Morgan emerging market bond index. It is anticipated that the Fund will focus most of its investments in Asia, Africa, the Middle East, Latin America and the developing countries of Europe. The Fund's investments may include, among other things, sovereign debt obligations, corporate debt securities, structured notes, convertible securities, common stock, preferred stock and other equity securities. <p> FUND MANAGEMENT: Virtus Alternative Investment Advisers, Inc. serves as the advisor to the Fund. Stone Harbor Investment Partners erves as the sub-advisor to the Fund.