Virtus Duff & Phelps Select MLP and Energy Fund A

Frequently Asked Questions About VLPAX

What does VLPAX invest in?

Under typical market conditions, the fund allocates a minimum of 80% of its capital to master limited partnerships (MLPs) and other equity holdings within the energy sector and related industries. Although its investment in exchange-traded notes (ETNs) and structured financial products varies, it commonly ranges from 0% to 3% and is strictly capped at 10% of total assets. Furthermore, this fund maintains a non-diversified investment approach.

What is the expense ratio of VLPAX?

Virtus Duff & Phelps Select MLP and Energy Fund A (VLPAX) charges an expense ratio of 1.40%. This is the annual fee deducted from fund assets to cover management and operations.

How big is VLPAX?

Virtus Duff & Phelps Select MLP and Energy Fund A (VLPAX) manages $50.0M in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure. Funds below ~$50M are at higher risk of liquidation.

Is VLPAX actively managed or an index fund?

VLPAX is actively managed: the manager selects holdings rather than tracking an index. Active funds typically charge higher expense ratios than index funds (VLPAX's is 1.40%) in exchange for the discretion to over- or under-weight positions.

When was VLPAX launched?

Virtus Duff & Phelps Select MLP and Energy Fund A (VLPAX) launched in September 2015 and is managed by the fund issuer.

How has VLPAX performed?

VLPAX's total return (price change plus reinvested distributions) is charted at the top of this page. Switch the price chart to Total Return and pick a 1-year, 3-year, 5-year, or 10-year window to read the compound annual growth rate (CAGR) over each horizon.