Minimum Amount of Required Bond	EXHIBIT 3
VIRTUS MUTUAL FUNDS
August 31, 2011

Fund	Trust Size		Req. Bond Current
Virtus Equity Trust		2,252,156,141.94		1,700,000
Virtus Insight Trust		5,269,694,560.59		2,900,000	*
Virtus Institutional Trust		35,054,670.32		350,000
Virtus Opportunities Trust		11,903,967,273.80		4,500,000	*
Virtus Variable Insurance Trust		1,387,183,415.45		1,250,000
Duff & Phelps Utility and Corporate Bond Trust, Inc.		526,516,792.00		900,000
DNP Select Income Fund, Inc.		2,934,556,507.00		1,900,000
DTF Tax Free Income, Inc.		203,369,588.00		600,000
Duff & Phelps Global Utility Income Fund, Inc.		1,041,044,694		1,250,000
The Zweig Fund, Inc.		320,231,241.76		750,000
The Zweig Total Return Fund, Inc.		528,208,344.83		900,000
TOTAL		26,401,983,230.14		17,000,000

* Maximum Required Bond is $2.5 Million