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Duff & Phelps Investment Management Co.

Duff & Phelps Investment Management Co. offers a product mix comprised of Global Listed Infrastructure, Global Real Estate, and Energy & MLPs.

Quality. Reliability. Specialization. Since 1932.

Duff & Phelps Investment Management pursues a limited number of specialized investment strategies with exceptional depth of resources and expertise. Since their earliest beginnings, providing research and analysis of income producing securities to Depression-era investors, their attention has been set on identifying attractive opportunities and strategies, while managing the associated risks. Today, building on their distinguished legacy, Duff & Phelps has earned a reputation as a leader in investing in Global Listed Infrastructure, Global Real Estate Securities, MLPs & Energy, and International Equity.

<p><span lang="EN"><strong>Learn how partnering with Duff &amp; Phelps can enhance outcomes</strong></p>

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Investors should carefully consider the investment objectives, risks, charges and expenses of any Virtus Mutual Fund before investing. The prospectus and summary prospectus contains this and other information about the fund. Please contact your financial representative, call 1-800-243-4361 to obtain a current prospectus and/or summary prospectus. You should read the prospectus and/or summary prospectus carefully before you invest or send money.