VIRTUS INVESTMENT COMPANY BLANKET BOND RECONCILIATION

August 31, 2017

Fund	Trust Size		Req. Bond Current Schedule			Maximum Bond Required
Virtus Alternative Solutions Trust		214,994,986		600,000			600,000
Virtus Asset Trust		17,349,004,359		7,500,000	*		2,500,000
Virtus Equity Trust		3,973,060,959		2,300,000			2,300,000
Virtus Opportunities Trust		21,976,887,898		9,100,000	*		2,500,000
Virtus Retirement Trust		15,166,830		225,000			225,000
Virtus Variable Insurance Trust		984,953,805		1,000,000			1,000,000
Duff & Phelps Utility and Corporate Bond Trust, Inc.		396,107,953		750,000			750,000
DNP Select Income Fund, Inc.		3,876,901,790		2,300,000			2,300,000
DTF Tax Free Income, Inc.		200,858,232		600,000			600,000
Duff & Phelps Global Utility Income Fund, Inc.		970,070,246		1,000,000			1,000,000
Duff & Phelps Select Energy MLP Fund, Inc.		245,881,293		600,000			600,000
Virtus Global Multi-Sector Income Fund		268,729,887		750,000			750,000
Virtus Total Return Fund Inc. (fka The Zweig Fund, Inc.)		403,555,020		750,000			750,000
Virtus Global Dividend & Income Fund (fka Zweig Total Return)		434,852,644		750,000			750,000
ETF Series I		909,503,216		1,000,000			1,000,000
Virtus ETF Trust II		200,860,124		600,000			600,000
TOTAL		52,421,389,242		29,825,000			18,225,000

* Maximum Required Bond is $2.5 Million