These comments are the opinion of AlphaSimplex Group, LLC. This material has been prepared using sources of information generally believed to be reliable; however, its accuracy is not guaranteed. Opinions represented are subject to change and should not be considered investment advice or an offer of securities. Please consult your financial professional for investment advice.

Past performance is no guarantee of future results.

All investment carry a certain degree of risk, including possible loss of principal.

Diversification does not assure a profit or protect against losses.

Please consider a Fund's investment objectives, risks, charges, and expenses carefully before investing. For this and other information about any Virtus Fund, call 800-243-4361 or visit virtus.com for a prospectus or summary prospectus. Read it carefully before investing.

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