The Virtus AlphaSector™ Rotation Fund was designed to meet the real needs of individual investors by seeking to provide risk controls in down markets and enhanced alpha in up markets. The fund seeks to deliver the returns of the AlphaSector™ Rotation Index (ASRX), a public index published by NASDAQ which strives to outperform the S&P 500® Index with lower volatility, low beta and low correlation. ASRX is comprised of the nine Select SPDR exchange traded funds (ETFs), which represent the primary sectors of the S&P 500 Index, plus an ETF that represents short-term Treasuries. The Index has the flexibility to be invested in any combination of the nine sector ETFs, a combination of sector ETFs and short-term Treasuries, or 100% in short-term Treasuries. Effective September 29, 2009 this fund changed its strategy and its name from the Virtus Wealth Builder Fund. The subadviser, F-Squared is a quantitatively based boutique investment firm located in Wellesley, MA.