VLPIX Fees and Costs — Virtus Duff & Phelps Select MLP and Energy Fund, Class I
Data updated: 2026-09-29
The net expense ratio is 1.15%: a 0.90% management fee plus 0.57% other expenses, less a 0.32% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $26K in broker commissions, 0.0506% of average net assets, and portfolio turnover was 61%.
VLPIX Fees and Expenses
Annual operating expenses and sales charges of VLPIX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.90% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.57% |
| Gross expense ratio | 1.47% |
| Fee waiver | −0.32% |
| Net expense ratio | 1.15% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
VLPIX Costs Over Time
On $10,000 invested in VLPIX, assuming 5% a year before costs, total costs come to $748 over 5 years, cutting the return by 1.26% 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 |
| Fund expenses (net expense ratio 1.15%) | $121 | $376 | $651 |
| Trading costs (broker commissions) | $5 | $17 | $29 |
| Lost growth on money paid in costs | $0 | $19 | $69 |
| Total costs | $126 | $412 | $748 |
| Value after costs | $10,374 | $11,164 | $12,015 |
| Impact on return, per year | 1.26% | 1.26% | 1.26% |
VLPIX 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
VLPIX 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% |
VLPIX 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.