EXHIBIT 2A

VIRTUS MUTUAL FUNDS

FIDELITY BOND RENEWAL – PREMIUM ALLOCATION

Policy Year 9/1/2008 to 8/31/2009

Combined Premium for $20,000,000	$	90,991.00
Allocation: 25% VPD (fka PEPCO)		22,747.75
24% Investment Advisors		21,837.84	[SEE BELOW]
1% VIP (fka PXP)		909.91
50% Mutual Funds		45,495.50	[SEE DISTRIBUTION BELOW]
		90,991.00
FUND	8/31/2008		% of Total		Allocated Premium
Virtus Equity Trust (fka Phoenix Equity Trust)		3,052,854,445	0.145024321		6,597.95
Virtus Insight Trust (fka Phoenix Insight Funds Trust)		7,002,978,800	0.332672999		15,135.12
Virtus Institutional Trust (fka Phoenix Institutional Mutual Funds)		81,728,530	0.003882473		176.64
Virtus Opportunities Trust (fka Phoenix Opportunities Trust)		5,981,856,874	0.284165113		12,928.23
Duff & Phelps Utility and Corporate Bond Trust, Inc.		504,476,695	0.023964913		1,090.30
DNP Select Income Fund, Inc.		3,251,059,243	0.15443994		7,026.32
DTF Tax Free Income, Inc.		197,476,586	0.009381026		426.79
The Zweig Fund, Inc.		451,820,673	0.021463515		976.49
The Zweig Total Return Fund, Inc.		526,385,962	0.025005701		1,137.65
		21,050,637,807	1.00		45,495.50
Investment Advisor	8/31/2008		% of Total		Allocated Premium
Virtus Investment Advisers, Inc. (fka Phoenix Investment Counsel, Inc.)		11,249,316,371.00	0.534393137		11,669.99
Duff & Phelps Investment Mngmnt Co.		5,149,917,333.00	0.244644242		5,342.50
Engemann Asset Management		184,008,215.00	0.008741218		190.89
SCM Advisors, LLC		503,978,066.00	0.023941225		522.82
Zweig Advisers LLC (fka Phoenix/Zweig Advisers LLC)		978,206,634.00	0.046469216		1,014.79
Euclid Advisers		106,604,099.00	0.005064174		110.59
Kayne Anderson Rudnick Investment Management		160,578,811.00	0.007628216		166.58
Goodwin Capital Advisers, Inc.		2,718,028,279.00	0.129118571		2,819.67
TOTAL		21,050,637,808.00	100.00	%	21,837.84

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