FIDELITY BOND RENEWAL - PREMIUM ALLOCATION 9/1/2011 - 9/1/2012

Virtus Investment Partners

Fidelity Bond Premium Allocation

9/1/2011 to 9/1/2012

Premium for $25,000,000	$	41,500.00
Allocation: 25% VPD		10,375.00
26% Investment Advisors		10,790.00		[SEE BELOW]
1% VP		415.00
48% Mutual Funds		19,920.00		[SEE DISTRIBUTION BELOW]
		41,500.00
FUND	Gross Assets as of 8/31/2011		% of Total			Allocated Premium
Virtus Equity Trust		2,252,156,141.94		0.085302537			1,699.23
Virtus Insight Trust		5,269,694,560.59		0.199594648			3,975.93
Virtus Institutional Trust		35,054,670.32		0.001327729			26.45
Virtus Opportunities Trust		11,903,967,273.80		0.450873981			8,981.41
Virtus Variable Insurance Trust		1,387,183,415.45		0.052540879			1,046.61
Duff & Phelps Utility and Corporate Bond Trust, Inc.		526,516,792.00		0.01994232			397.25
DNP Select Income Fund, Inc.		2,934,556,507.00		0.111149094			2,214.09
DTF Tax Free Income, Inc.		203,369,588.00		0.007702815			153.44
Duff & Phelps Global Utility Income Fund Inc.		1,041,044,694.45		0.039430549			785.46
The Zweig Fund, Inc.		320,231,241.76		0.01212906			241.61
The Zweig Total Return Fund, Inc.		528,208,344.83		0.020006389			398.53
		26,401,983,230.14		1.00			19,920.00
Investment Advisor	Fund Gross Assets by Adviser as of 8/31/2011		% of Total			Allocated Premium
Virtus Investment Advisers, Inc.		7,331,651,766.03		0.277693221			2,996.31
Duff & Phelps Investment Management Co.		6,124,847,518.09		0.231984373			2,503.11
Euclid Advisors LLC		4,436,257,629.54		0.168027439			1,813.02
Kayne Anderson Rudnick Investment Management		1,442,687,453.30		0.054643147			589.60
Newfleet Asset Management, LLC		6,218,099,276.59		0.235516371			2,541.22
Zweig Advisors LLC		848,439,586.59		0.032135449			346.74
TOTAL		26,401,983,230.14		100.00	%		10,790.00

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