Virtus Total Return Fund (the Fund), formerly DCA Total Return Fund, invests in a balance of approximately 60% equity and 40% fixed income. The Fund's objective is total return, consisting of both capital appreciation and current income. The equity portion of the fund invests globally in owners/operators of infrastructure in the communications, utility, energy, and transportation industries. The fixed income portion of the fund is designed to generate income and total return. The equity portion of the Fund is managed by Duff & Phelps Investment Management Co., which offers an investment product mix consisted of global utilities, real estate and infrastructure portfolios. The fixed income portion of the fund is managed by the Newfleet Multi-Sector Fixed Income Strategies, which leverages in every sector of the bond market.