Fund Description: Duff & Phelps Select Energy MLP Fund, Inc. is an exchange-traded closed-end fund or a closed-end ETF that is officially described as a non-diversified, closed-end management investment company. INVESTMENT OBJECTIVE: The Duff & Phelps Select Energy MLP Fund, Inc. seeks a high level of total return resulting from a combination of current tax-deferred distributions and capital appreciation. FUND STRATEGY: Under normal market conditions, the Fund will invest at least 80% of its Managed Assets in energy MLPs. The Fund intends to place an emphasis upon investments in midstream MLPs across all market capitalizations. The Fund considers investments in MLPs to include investments that offer economic exposure to public and private MLPs in the form of MLP equity securities, securities of entities holding primarily general partner or managing member interests in MLPs, securities that are derivatives of interests in MLPs, including I-Shares, exchange-traded funds that primarily hold MLP interests and debt securities of MLPs. Energy entities are engaged in the business of exploring, developing, producing, gathering, transporting, processing, storing, refining, distributing, mining or marketing natural gas, natural gas liquids (including propane), crude oil, refined petroleum products or coal. For as long as Energy MLP is in the name of the Fund, the Fund will invest at least 80% of its Managed Assets in energy MLPs. The Fund may invest up to 20% of its Managed Assets in securities of issuers either: (i) in the energy sector and that are not MLPs or (ii) that produce products that are primarily for the use of companies in the energy sector (such as sand miners, certain chemical companies, and coking coal processors). The Fund may invest up to 20% of its Managed Assets in debt securities of MLPs and other issuers in the energy sector, including both investment grade debt securities and debt securities rated below investment grade. The Fund may invest up to 10% of its Managed Assets in restricted securities, including private investments in public equities. (FUND MANAGEMENT: Virtus Investment Advisers, Inc. (VIA) serves as the investment advisor to the Fund.