DNP Select Income Fund Inc.

Frequently Asked Questions About DNP

What does DNP invest in?

DNP Select Income Fund Inc., a closed-end balanced mutual fund initiated by Virtus Investment Partners, Inc., is overseen by Duff & Phelps Investment Management Co. This U.S.-domiciled fund, which began operations on November 26, 1986, allocates capital primarily across public equity and fixed income securities within the United States. Its fixed income component is comprised of bonds, while its equity investments span companies of all market capitalizations, with a particular emphasis on the Utility sector. The fund's performance is evaluated by benchmarking it against the S&P 500 Utilities Index and the Barclays Capital U.S. Utility Bond Index.

What is the expense ratio of DNP?

DNP Select Income Fund Inc. (DNP) charges an expense ratio of 2.53%. This is the annual fee deducted from fund assets to cover management and operations.

What is DNP's dividend yield?

DNP's trailing-twelve-month yield is 7.38%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of DNP?

Effective duration measures DNP's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. DNP's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of DNP?

DNP's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of DNP?

Yield to maturity (YTM) is the total return you'd earn from DNP if every bond in the portfolio is held to maturity at the current price. DNP's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.