VLPCX Fees and Costs — Virtus Duff & Phelps Select MLP and Energy Fund, Class C
Data updated: 2026-09-29
The net expense ratio is 2.15%: a 0.90% management fee, a 1.00% 12b-1 fee plus 0.61% other expenses, less a 0.36% fee waiver. This share class carries a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $26K in broker commissions, 0.0506% of average net assets, and portfolio turnover was 61%.
VLPCX Fees and Expenses
Annual operating expenses and sales charges of VLPCX. Prospectus, as of October 31, 2024.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 1.00% |
| Other expenses | 0.61% |
| Gross expense ratio | 2.51% |
| Fee waiver | −0.36% |
| Net expense ratio | 2.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 1.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
VLPCX Costs Over Time
On $10,000 invested in VLPCX, assuming 5% a year before costs, total costs come to $1,344 over 5 years, cutting the return by 2.31% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $103 | $0 | $0 |
| Fund expenses (net expense ratio 2.15%) | $226 | $696 | $1,191 |
| Trading costs (broker commissions) | $5 | $16 | $28 |
| Lost growth on money paid in costs | $0 | $36 | $125 |
| Total costs | $334 | $748 | $1,344 |
| Value after costs | $10,166 | $10,829 | $11,419 |
| Impact on return, per year | 3.34% | 2.31% | 2.31% |
VLPCX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0506%
- Total broker commissions: $26K
- Bought from dealers (principal trades, not a cost): $345K
- Portfolio turnover (prospectus): 61%
- Securities lending: none during the year
VLPCX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| Strategas Securities, LLC | $4K | 20.29% |
| BARCLAYS CAPITAL, INC. | $3K | 15.38% |
| WOLFE RESEARCH SECURITIES | $3K | 12.93% |
| JEFFERIES LLC | $3K | 12.82% |
| GOLDMAN SACHS & CO. LLC | $2K | 9.39% |
| WELLS FARGO SECURITIES, LLC | $2K | 8.72% |
| MORGAN STANLEY & CO. LLC | $1K | 6.65% |
| RBC CAPITAL MARKETS, LLC | $1K | 5.32% |
| Sandler, O'Neill & Partners, L.P. | $1K | 4.98% |
| SANTANDER US CAPITAL MARKETS LLC | $773 | 3.52% |
VLPCX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| BARCLAYS CAPITAL, INC. | $345K | 100.00% |
Virtus Duff & Phelps Select MLP and Energy Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| VLPIX | Class I | 1.15% | none |
| VLPAX | Class A | 1.40% | 5.50% |
| VLPCX | Class C | 2.15% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.