Morningstar® Investment Profile™   Morningstar® Disclosure   Format for Print Virtus Duff & Phelps Real Estt Secs I Release date as of 2024-10-31. Data on page is subject to change. Snapshot Ratings & Risk Portfolio Nuts & Bolts

Fees and Expenses Taken from prospectus dated 2024-04-29   Maximum Fees Administrative 0.10% Management 0.75% 12b-1 --- Actual Fees 12b-1 --- Management 0.75% Expense Ratio 0.85% (taken from annual report dated 2024-06-30) Total Annual Operating Expense 0.92%

Waiver Data Type Date % ExpenseRatio Contractual 2025-04-30 0.07

Management Inception Date: 2013-04-30

Mngr Name Geoffrey P. Dybas Mngr Start Date 2007-05-31 Biography Geoffrey P. Dybas heads the Duff & Phelps’ Global Real Estate Securities team. He is Senior Portfolio Manager and co-founder of all dedicated REIT strategies managed by Duff & Phelps, including the Virtus Real Estate Securities Fund; the Virtus International Real Estate Securities Fund; the Virtus Global Real Estate Securities Fund; the Virtus Real Estate Securities Series, a series of the Virtus Variable Insurance Trust; the REIT portfolio within the DNP Select Income Fund Inc., a closed-end fund; and separate institutional accounts. He joined Duff & Phelps in 1995.Mr. Dybas serves as Senior Portfolio Manager since 2007. He is Senior Portfolio Manager and co-founder for all dedicated REIT portfolios managed by Duff & Phelps, inclusive of the real estate strategies in the Virtus Opportunities Trust. In addition, Mr. Dybas manages the REIT portfolio within the DNP Select Income Fund Inc., a closed-end mutual fund; an affiliated mutual fund series offered under certain universal life insurance and annuity products; and separate institutional accounts Mr. Dybas was a corporate banker for Bank One and began his investment career in 1989. He holds a BS degree, cum laude, from Marquette University and an MBA from the Kellogg School of Management at Northwestern University. Mngr Name Frank J. Haggerty Mngr Start Date 2007-08-13 Biography Frank J. Haggerty, Jr., CFA.  Mr. Haggerty joined Duff & Phelps in 2005 and serves as Senior Managing Director and Senior Portfolio Manager, providing portfolio management for the dedicated REIT products managed by Duff & Phelps. Prior to joining Duff & Phelps, Mr. Haggerty was a senior analyst and portfolio manager at ABN AMRO Asset Management for seven years. He holds a BS from IL State University and an MBA from the Kellstadt Graduate School of Management at DePaul University. Investment Advisor(s) Virtus Investment Advisers, Inc. Web Site www.virtus.com Issuer Virtus Subadvisor(s) Duff & PheLPs Investment Management Co

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