VIRTUS FUNDS

FIDELITY BOND RENEWAL

PREMIUM ALLOCATION 9/1/2010 – 9/1/2011

Premium for $20,000,000	$	42,365.00
Allocation: 25% VPD		10,591.25
24% Investment Advisors		10,167.60	[SEE BELOW]
1% VP		423.65
50% Mutual Funds		21,182.50	[SEE DISTRIBUTION BELOW]
		42,365.00

FUND	Gross Assets as of 8/31/2010		% of Total			Allocated Premium
Virtus Equity Trust		2,064,856,893.36		0.118210653			2,504.00
Virtus Insight Trust		4,077,765,723.17		0.23344734			4,945.00
Virtus Institutional Trust		37,969,290.01		0.002173698			46.04
Virtus Opportunities Trust		7,080,061,423.77		0.405325273			8,585.80
Duff & Phelps Utility and Corporate Bond Trust, Inc.		528,823,746		0.030274544			641.29
DNP Select Income Fund, Inc.		2,736,197,561		0.156644124			3,318.11
DTF Tax Free Income, Inc.		207,751,789		0.011893548			251.94
The Zweig Fund, Inc.		300,254,228.63		0.017189205			364.11
The Zweig Total Return Fund, Inc.		433,923,516.73		0.024841616			526.21
		17,467,604,171.67		1.00			21,182.50
Investment Advisor	Fund Gross Assets by Adviser as of 8/31/2010		% of Total			Allocated Premium
Virtus Investment Advisers, Inc.		10,835,649,537.54		0.620328319			6,307.25
Duff & Phelps Investment Management Co.		4,492,490,788.92		0.257189867			2,615.00
SCM Advisors, LLC		988,053,135.70		0.056564892			575.13
Zweig Advisors LLC		734,177,745.36		0.042030821			427.35
Kayne Anderson Rudnick Investment Management		417,232,964.15		0.023886101			242.86
TOTAL		17,467,604,171.67		100.00	%		10,167.60