VLPAX – Virtus Duff & Phelps Sel MLP & Engy A Investment Strategy | Morningstar

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Strategy

The investment seeks total return with a secondary objective of income. Under normal circumstances, the fund invests at least 80% of its assets in securities of master limited partnerships ("MLPs") and/or other equity securities in energy and energy-related industries. Its allocation to ETNs and/or structured notes will vary over time, has generally been in the 0-3% range, and will not exceed 10% of assets. The fund is non-diversified.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
VLPIX	Virtus Duff & Phelps Select MLP and Energy Fund Class I	Institutional	Open			Sep 9, 2015	$21.61M	1.150%	High	$100,000	−$692,700.43
VLPAX	Virtus Duff & Phelps Select MLP and Energy Fund Class A	Front Load	Open			Sep 9, 2015	$29.19M	1.400%	Above Average	$2,500	−$3.65M

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