The Fund's investment strategy focuses on Energy MLP Funds with 1.15% total expense ratio. The minimum amount to invest in Virtus Alternative Solutions Trust: Virtus Duff & Phelps Select MLP and Energy Fund; Class I Shares is $100,000 on a standard taxable account. Virtus Alternative Solutions Trust: Virtus Duff & Phelps Select MLP and Energy Fund; Class I Shares seeks total return with a secondary objective of income. VLPIX invests at least 80% of its assets in securities of master limited partnerships (MLPs) and other equity securities in energy and energy-related industries. VLPIX intends to focus the Funds investments primarily in equity securities of MLPs.