Corporate Board Profile
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| Filing Date | Source Excerpt |
|---|---|
| 2011-03-31 | Philip R. McLoughlin c/o Duff & Phelps Investment Management Co. 200 South Wacker Drive Suite 500 Chicago, IL 60606 Age: 64 Director Director of DTF and DUC since July 1996 and of DNP since May 2009; Term expires 2013 Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as CEO of an asset management company and chief investment officer of an insurance company. ... Member of the audit committee of the Board ... Philip R. McLoughlin Aggregate Compensation From Fund and Fund Complex Paid to Directors: $400,176 |
| 2012-04-03 | Philip R. McLoughlin Age: 65 Director Director of DUC since July 1996 and of DNP since May 2009; Term expires 2013 Partner, CrossPond Partners, LLC (investment management consultant) since 2006; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010; Private investor 2004-2006; Consultant to Phoenix Investment Partners, Ltd. (PXP) 2002-2004; Chief Executive Officer of PXP 1995-2002 (Chairman 1997-2002, Director 1995-2002); Executive Vice President and Chief Investment Officer, The Phoenix Companies, Inc. (Phoenix) 2000-2002 Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as CEO of an asset management company and chief investment officer of an insurance company. Because each director serves as a director of both of the Funds and as a director of DTF and DPG, directors receive a single set of fees as remuneration for their service to all four funds: (i) each director not affiliated with the Adviser receives a retainer fee of $55,000 per year; (ii) the chairpersons of the audit committee, contracts committee and nominating and governance committee each receive an additional retainer fee of $8,000 per year; (iii) the Chairman of the Board receives an additional retainer fee of $50,000 per year; (iv) each director not affiliated with the Adviser who attends a Board meeting in person receives a fee of $5,000 for such attendance, with an annual maximum of $20,000 (prior to August 1, 2011, such fee was $3,000 per meeting, with an annual maximum of $12,000); (v) each committee member who attends a committee meeting in person receives a fee of $3,500 for such attendance, with an annual maximum of $7,000 (prior to August 1, 2011, such fee was $2,000 per meeting, with an annual maximum of $4,000); and (vi) each director who attends the Funds’ annual education program in person receives a fee of $2,000 for such attendance (for no more than one such program per year). Directors and officers affiliated with the Adviser receive no compensation from the Funds for their services as such. In addition to the amounts shown in the table above, all directors and officers who are not interested persons of the Funds, the Adviser or the Administrator (as defined below) are reimbursed for the expenses incurred by them in connection with their attendance at a meeting of the Board or a committee of the Board. The Funds do not have a pension or retirement plan applicable to their directors or officers. Compensation Table: Philip R. McLoughlin Aggregate Compensation from DNP $46,722 Aggregate Compensation from DUC $14,695 Total Compensation $404,500 |
| 2013-04-03 | Philip R. McLoughlin Age: 66 Director Nominee for term expiring in 2016; Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011... Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management... The Audit Committee: Carl F. Pollard, Chairman; Robert J. Genetski; Philip R. McLoughlin... Aggregate Compensation from Fund Complex Paid to Directors: $503,000. |
| 2014-05-07 | Philip R. McLoughlin Age: 67 Director Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011; Term expires 2016 Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. (2) Member of the audit committee of the Board... Total Compensation From Fund Complex Paid to Directors: 551,000 |
| 2016-02-04 | Philip R. McLoughlin Age: 69 Director Nominee for term expiring in 2019; Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011 Private investor since 2010; Partner, CrossPond Partners, LLC (investment management consultant) 2006- 2010; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010 Chairman of the Board, The World Trust Fund (closed-end fund) since 2010 (Director since 1991) The Audit Committee: Philip R. McLoughlin Total Compensation: $802,500 |
| 2017-01-31 | Philip R. McLoughlin Age: 70 Director Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011; term expires 2019 ... The audit committee of the Board is comprised of all independent directors of each Fund ... Philip R. McLoughlin compensation total $796,065. |
| 2018-01-30 | Philip R. McLoughlin Age: 71 Director Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011; term expires 2019 Private investor since 2010; Partner, CrossPond Partners, LLC (investment management consultant) 2006-2010; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010 Chairman of the Board, The World Trust Fund (closed-end fund) since 2010 (Director since 1991) Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. Audit Committee member. Total compensation from Fund Complex: $732,181.25. |
| 2019-01-22 | Philip R. McLoughlin Age: 72 Director Nominee for a term expiring in 2022; Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011 Private investor since 2010; Partner, CrossPond Partners, LLC (investment management consultant) 2006-2010; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010 Chairman of the Board, Lazard World Trust Fund (closed-end fund; f/k/a The World Trust Fund) since 2010 (Director since 1991) Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. Audit Committee member. Aggregate compensation from Fund Complex: $736,500. |
| 2020-01-24 | Philip R. McLoughlin Age: 73 Director Director of DTF since 1996, of DNP since 2009 and of DPG since 2011; term expires 2022 Private investor since 2010; Partner, CrossPond Partners, LLC (investment management consultant) 2006-2010; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010 Chairman of the Board, Lazard World Trust Fund (closed-end fund; f/k/a The World Trust Fund) 2010-2019 (Director since 1991) Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Burke, Chairman). Aggregate Compensation from Fund Complex Paid to Directors: $731,745. |
| 2021-01-22 | Philip R. McLoughlin Age: 74 Director Term expires 2022; Director of DNP since 2009 and of DPG since 2011. Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations... Total Compensation from Fund Complex Paid to Directors: $605,250. |
| 2022-01-19 | Philip R. McLoughlin Age: 75 Director Nominee for term expiring in 2025; Director of DNP since 2009, of DPG since 2011 and of DTF since 1996. Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Burke, Chairman) and makes recommendations regarding the selection of each Fund's independent registered public accounting firm and meets with representatives of that accounting firm to determine the scope of and review the results of each audit and assists the Board in overseeing each Fund's accounting, auditing, financial reporting and internal control functions. The following table sets forth the aggregate compensation paid to each director by each Fund with respect to its most recently completed fiscal year and by the Fund Complex with respect to the fiscal year ended October 31, 2021. Philip R. McLoughlin $ 66,477 $ 587,806 $ 669,105 |
| 2023-01-13 | Philip R. McLoughlin Age: 76 Director Term expires 2025; Director of DNP since 2009, of DPG since 2011 and of DTF since 1996 Private investor since 2010 Chairman of the Board, Lazard World Trust Fund (closed-end fund) 2010-2019 (Director 1991-2019) The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Burke, Chairman) and makes recommendations regarding the selection of each Fund’s independent registered public accounting firm and meets with representatives of that accounting firm to determine the scope of and review the results of each audit and assists the Board in overseeing each Fund’s accounting, auditing, financial reporting and internal control functions. |
| 2024-01-24 | Philip R. McLoughlin Age: 77 Director Term expires 2025; Director of DNP since 2009, of DPG since 2011 and of DTF since 1996. Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. McLoughlin). The following table sets forth the aggregate compensation paid to each director by each Fund with respect to its most recently completed fiscal year and by the Fund Complex with respect to the fiscal year ended October 31, 2023. Philip R. McLoughlin AggregateCompensationfrom DNP $ 76,139 AggregateCompensationfrom DPG $ 11,542 AggregateCompensationfrom DTF $ 2,319 AggregateCompensationfrom Other Fundsin Fund Complex $ 545,000 Total Compensationfrom Fund ComplexPaid to Directors $ 635,000. |
| 2025-01-24 | Philip R. McLoughlin Age: 0 Director Term expires 2027; Director of DNP, DPG and DTF since 2009, 2011 and 1996 respectively. Mr. McLoughlin has been a director of DNP since 2009, of DPG since 2011 and of DTF since 1996. Mr. McLoughlin was selected to serve on the Board because of his extensive experience and knowledge in the utility industry and investment management. |
| Filing Date | Source Excerpt |
|---|---|
| 2001-04-30 | Philip R. McLoughlin* Director and Chief Executive Officer (1995-present) and Chairman (1997-present), Phoenix Investment Partners, Ltd. ... Each Director who is an "affiliated person" of the Adviser (within the meaning of Section 2(a)(3) of the 1940 Act) by reason of being a full-time employee of the Adviser receives no compensation from the Funds for acting as director. |
| 2005-04-15 | Philip R. McLoughlin Director DUC and DTF: Consultant to Phoenix Investment 76 Director, The 56 Prospect Street Director since Partners, Ltd. (2002-present). Director and Phoenix Hartford, CT 06115 1996 Chief Executive Officer (1995-2002) and Companies, Age: 58 Chairman (1997-2002), PXP. Executive Inc. (2001- Vice President and Chief Investment 2002); PXRE Officer, The Phoenix Companies, Inc. Group (1985- (2001-2002). Director (1994-2002) and present) and Executive Vice President, Investments World Trust (1988-2002), Phoenix Life Mutual Fund (1991- Insurance Company. Director, Phoenix present). Distribution Holding Company and Phoenix Investment Management Company (2001-2002). Director, Aberdeen Asset Management plc (1986- 2002). Director (1983-2002) and Chairman (1995-2002) Phoenix Investment Counsel, Inc. Director (1984- 2002), Chairman (1990-2002) and President (1990-2000), Phoenix Equity Planning Corporation. Chairman and Chief Executive Officer, Phoenix/Zweig Advisers (1999-2002). Director and Executive Vice President, Phoenix Life and Annuity Company (1996-2002). Director and Executive Vice President, PHL Variable Insurance Company (1995- 2002). Director, Phoenix National Trust Company (1996-2002). Director, W.S. Griffith Securities Inc. (1992-2002). Director and Vice President, PM Holdings, Inc. (1985-2002). |
| 2006-04-18 | Philip R McLoughlin Director DTF term Retired investment management executive since 2004. Consultant to PXP, 2002-2004; Chief Executive Officer of PXP, 1995-2002 (Chairman 1997-2002, Director 1995-2002); Executive Vice President and Chief Investment Officer, The Phoenix Companies, Inc. 2000-2002; Executive Vice President, Investments, Phoenix Life Insurance Company, 1988-2002 (Director 1994-2002); Director, Phoenix Investment Management Company, 2001-2002; Director, Aberdeen Asset Management plc, 1986-2002; Chairman, Phoenix Investment Counsel, Inc. 1995-2002 (Director 1983-2002); Chairman, Phoenix Equity Planning Corporation, 1990-2002 (Director 1984-2002, President 1990-2000); Chairman and Chief Executive Officer, Phoenix/Zweig Advisers, 1999-2002; Director and Executive Vice President, Phoenix Life and Annuity Company, 1996-2002; Director and Executive Vice President, PHL Variable Insurance Company, 1995-2002; Director, Phoenix National Trust Company, 1996-2002; Director, W.S. Griffith Securities Inc. 1992-2002; Director and Vice President, PM Holdings, Inc. 1985-2002 |
| 2007-04-12 | Philip R. McLoughlin, Age 60, Director, Nominee for a DTF and DUC term expiring in 2010; DTF and DUC Director since 1996. Retired investment management executive. Compensation: $12,500 from DTF and $20,500 from DUC. |
| 2008-04-08 | Philip R. McLoughlin c/o Duff & Phelps Investment Management Co. 55 East Monroe Street Suite 3600 Chicago, IL 60603 Age 61 Director DTF and DUC term expires 2010; DTF and DUC Director since 1996 Partner, CrossPond Partners, LLC (investment management consultant) since 2006; Consultant to PXP, 2002-2004; Chief Executive Officer of PXP, 1995-2002 (Chairman 1997-2002, Director 1995-2002); Executive Vice President and Chief Investment Officer, The Phoenix Companies, Inc. 1989-2002 |
| 2009-04-08 | Philip R. McLoughlin c/o Duff & Phelps Investment Management Co. 200 South Wacker Drive Suite 500 Chicago, IL 60606 Age: 62 Director Director since July 1996. Term expires 2010 Partner, CrossPond Partners, LLC (investment management consultant) since 2006; Consultant to PXP, 2002-2004; Chief Executive Officer of PXP, 1995-2002 (Chairman 1997-2002, Director 1995-2002); Executive Vice President and Chief Investment Officer, The Phoenix Companies, Inc. 1989-2002 Compensation Table Name of Director Aggregate Compensation from the Fund Total Compensation From Fund and Fund Complex Paid to Directors Philip R. McLoughlin 14,765 325,500 |
| 2010-03-31 | Philip R McLoughlin c/o Duff & Phelps Investment Management Co. 200 South Wacker Drive Suite 500 Chicago, IL 60606 Age: 63 Director Nominee for a term expiring in 2013; Director since July 1996 Managing Director, Seacap Partners LLC (strategic advisory firm) since February 2009; Partner, CrossPond Partners, LLC (investment management consultant) 2006-2008; Consultant to Phoenix Investment Partners, Ltd. (PXP), 2002-2004; Chief Executive Officer of PXP, 1995-2002 (Chairman 1997-2002, Director 1995-2002); Executive Vice President and Chief Investment Officer, The Phoenix Companies, Inc. 2000-2002 49 Director, The World Trust Fund (closed-end fund); Director, Argo Group International Holdings, Ltd. (insurance holding company, formerly known as PXRE Group Ltd.) 1999-2009 Mr. McLoughlin has over 38 years of experience in the asset management industry. He is the former Chairman and Chief Executive Officer of PXP (a predecessor of Virtus) and a former Chief Investment Officer of The Phoenix Companies, Inc. During his tenure in those positions, PXP offered over 40 mutual funds, wrap programs, individually managed accounts and institutional investment management services for endowments, insurance companies and multi-employer retirement funds. Mr. McLoughlin brings to the Board an understanding of asset management and mutual fund operations and strategy. |
| 2011-03-31 | Philip R. McLoughlin c/o Duff & Phelps Investment Management Co. 200 South Wacker Drive Suite 500 Chicago, IL 60606 Age: 64 Director Director of DTF and DUC since July 1996 and of DNP since May 2009; Term expires 2013 Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as CEO of an asset management company and chief investment officer of an insurance company. He is Chairman of the Audit Committee. Total compensation from Fund and Fund Complex paid to Mr. McLoughlin was $400,176. |
| 2012-04-03 | Philip R. McLoughlin Age: 65 Director Director of DTF since July 1996 and of DPG since May 2011; Term expires 2013 Partner, CrossPond Partners, LLC (investment management consultant) since 2006; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010; Private investor 2004-2006; Consultant to Phoenix Investment Partners, Ltd. (PXP) 2002-2004; Chief Executive Officer of PXP 1995-2002 (Chairman 1997-2002, Director 1995-2002); Executive Vice President and Chief Investment Officer, The Phoenix Companies, Inc. (Phoenix) 2000-2002 Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as CEO of an asset management company and chief investment officer of an insurance company. Compensation Table: Philip R. McLoughlin Total Compensation From Fund and Fund Complex Paid to Directors $404,500. |
| 2013-04-03 | Philip R. McLoughlin Age: 66 Director Nominee for term expiring in 2016; Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011 Partner, CrossPond Partners, LLC (investment management consultant) since 2006; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010 Chairman of the Board, The World Trust Fund (closed-end fund) since 2010 (Director since 1991); Director, Argo Group International Holdings, Ltd. (insurance holding company; f/k/a PXRE Group Ltd.) 1985-2009 Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. The Audit Committee is composed of Carl F. Pollard (Chairman), Robert J. Genetski, and Philip R. McLoughlin. |
| 2014-05-07 | Philip R. McLoughlin Age: 67 Director Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011; Term expires 2016 Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. Audit Committee member. Total compensation: $551,000. |
| 2015-05-07 | Philip R. McLoughlin Age: 68 Director Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011; term expires 2016 Private investor since 2010; Partner, Cross Pond Partners, LLC (investment management consultant) 2006-2010; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010; Managing Director, International Holdings, Ltd. (insurance holding company; f/k/a PXRE Group Ltd.) 1985-2009 4 portfolios overseen Chairman of the Board, The World Trust Fund (closed-end fund) since 2010 (Director since 1991); Director, Argo Group Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. Compensation: $680,125. |
| 2016-02-04 | Philip R. McLoughlin Age: 69 Director Nominee for term expiring in 2019; Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011 Private investor since 2010; Partner, CrossPond Partners, LLC (investment management consultant) 2006- 2010; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010 Chairman of the Board, The World Trust Fund (closed-end fund) since 2010 (Director since 1991) The Audit Committee Carl F. Pollard, Chairman Robert J. Genetski Philip R. McLoughlin |
| 2017-01-31 | Philip R. McLoughlin Age: 70 Director Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011; term expires 2019 Private investor since 2010; Partner, CrossPond Partners, LLC (investment management consultant) 2006- 2010; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010 Chairman of the Board, The World Trust Fund (closed-end fund) since 2010 (Director since 1991) Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. |
| 2018-01-30 | Philip R. McLoughlin Age: 71 Director Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011; term expires 2019 Private investor since 2010; Partner, CrossPond Partners, LLC (investment management consultant) 2006-2010; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010 Chairman of the Board, The World Trust Fund (closed-end fund) since 2010 (Director since 1991) Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. Audit Committee member. Total Compensation from Fund Complex Paid to Directors: $732,181.25. |
| 2019-01-22 | Philip R. McLoughlin Age: 72 Director Nominee for a term expiring in 2022; Director of DUC and DTF since 1996, of DNP since 2009 and of DPG since 2011 Private investor since 2010; Partner, CrossPond Partners, LLC (investment management consultant) 2006-2010; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010 Chairman of the Board, Lazard World Trust Fund (closed-end fund; f/k/a The World Trust Fund) since 2010 (Director since 1991) Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. Audit Committee |
| 2020-01-24 | Philip R. McLoughlin Age: 73 Director Director of DTF since 1996, of DNP since 2009 and of DPG since 2011; term expires 2022 Private investor since 2010; Partner, CrossPond Partners, LLC (investment management consultant) 2006-2010; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010 Chairman of the Board, Lazard World Trust Fund (closed-end fund; f/k/a The World Trust Fund) 2010-2019 (Director since 1991) Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Burke, Chairman). Aggregate Compensation from Fund Complex Paid to Directors: $731,745. |
| 2021-01-12 | Philip R. McLoughlin Age: 74 Director Term expires 2022; Director of the Fund since 1996 Private investor since 2010; Partner, CrossPond Partners, LLC (investment management consultant) 2006-2010; Managing Director, SeaCap Partners LLC (strategic advisory firm) 2009-2010 Number of Portfolios in Fund Complex Overseen by Director: 72 Chairman of the Board, Lazard World Trust Fund (closed-end fund; f/k/a The World Trust Fund) 2010-2019 (Director 1991-2019) Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. The audit committee of the Board is currently comprised of all independent directors of the Fund (Mr. Burke, Chairman) and makes recommendations regarding the selection of the Fund's independent registered public accounting firm and meets with representatives of that accounting firm to determine the scope of and review the results of each audit and assists the Board in overseeing the Fund's accounting, auditing, financial reporting and internal control functions. Aggregate Compensation from Fund Complex Paid to Directors: $605,250. |
| 2022-01-19 | Philip R. McLoughlin Age: 75 Director Nominee for term expiring in 2025; Director of DNP since 2009, of DPG since 2011 and of DTF since 1996. Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Burke, Chairman) and makes recommendations regarding the selection of each Fund's independent registered public accounting firm and meets with representatives of that accounting firm to determine the scope of and review the results of each audit and assists the Board in overseeing each Fund's accounting, auditing, financial reporting and internal control functions. The following table sets forth the aggregate compensation paid to each director by each Fund with respect to its most recently completed fiscal year and by the Fund Complex with respect to the fiscal year ended October 31, 2021. Philip R. McLoughlin $ 66,477 $ 587,806 $ 669,105 |
| 2023-01-13 | Philip R. McLoughlin Age: 76 Director Term expires 2025; Director of DNP since 2009, of DPG since 2011 and of DTF since 1996 Private investor since 2010 Chairman of the Board, Lazard World Trust Fund (closed-end fund) 2010-2019 (Director 1991-2019) Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. Burke, Chairman) and makes recommendations regarding the selection of each Fund's independent registered public accounting firm and meets with representatives of that accounting firm to determine the scope of and review the results of each audit and assists the Board in overseeing each Fund's accounting, auditing, financial reporting and internal control functions. |
| 2024-01-24 | Philip R. McLoughlin Age: 77 Director Term expires 2025; Director of DNP since 2009, of DPG since 2011 and of DTF since 1996. Mr. McLoughlin was selected to serve on the Board because of his understanding of asset management and mutual fund operations and strategy gained from his experience as chief executive officer of an asset management company and chief investment officer of an insurance company. The audit committee of the Board is currently comprised of all independent directors of the Funds (Mr. McLoughlin). The following table sets forth the aggregate compensation paid to each director by each Fund with respect to its most recently completed fiscal year and by the Fund Complex with respect to the fiscal year ended October 31, 2023. Philip R. McLoughlin Aggregate Compensation from DNP $ 76,139 Aggregate Compensation from DPG $ 11,542 Aggregate Compensation from DTF $ 2,319 Aggregate Compensation from Other Funds in Fund Complex $ 545,000 Total Compensation from Fund Complex Paid to Directors $ 635,000. |
| Filing Date | Source Excerpt |
|---|---|
| 2021-06-08 | Mr. McLoughlin has an extensive legal, financial and asset management background. In 1971, he joined Phoenix Investment Partners, Ltd. as Assistant Counsel with responsibility for various compliance and legal functions. |
| 2022-05-31 | Philip R. McLoughlin. Mr. McLoughlin has an extensive legal, financial and asset management background. In 1971, he joined Phoenix Investment Partners, Ltd. (then, Phoenix Equity Planning Corp.), the predecessor of Virtus Investment Partners, Inc., as Assistant Counsel with responsibility for various compliance and legal functions. During his tenure, Mr. McLoughlin assumed responsibility for most functions in the firm’s advisory, broker-dealer and fund management operations, and eventually ascended to the role of President. Mr. McLoughlin then served as General Counsel, and later Chief Investment Officer, of Phoenix Mutual Life Insurance Company, the parent company of Phoenix Investment Partners. Among other functions, he served as the senior management liaison to the boards of directors of the insurance company’s mutual funds and closed-end funds, and had direct oversight responsibility for the funds’ portfolio managers. In 1994, Mr. McLoughlin was named Chief Executive Officer of Phoenix Investment Partners, and continued in that position, as well as Chief Investment Officer of Phoenix Mutual Life Insurance Company, until his retirement in 2002. He is also a director/ trustee of several open-end and closed-end funds managed by the Adviser and its affiliates. |
| 2022-08-04 | Name of Trustee Philip R. McLoughlin Dollar Range of Equity Securities in AIO $1–$10,000 ... Independent Trustees section listing trustees and their share ownership. |
| 2023-04-11 | Philip R. McLoughlin. Mr. McLoughlin has an extensive legal, financial and asset management background. In 1971, he joined Phoenix Investment Partners, Ltd. as Assistant Counsel with responsibility for various compliance and legal functions. |
| 2024-04-09 | Private investor since 2010. Formerly General Counsel and Chief Investment Officer of Phoenix Mutual Life Insurance Company. |
| Filing Date | Source Excerpt |
|---|---|
| 2021-06-08 | Mr. McLoughlin has an extensive legal, financial and asset management background. In 1971, he joined Phoenix Investment Partners, Ltd. as Assistant Counsel with responsibility for various compliance and legal functions. |
| 2022-05-31 | Mr. McLoughlin has an extensive legal, financial and asset management background. In 1971, he joined Phoenix Investment Partners, Ltd. as Assistant Counsel with responsibility for various compliance and legal functions. |
| 2022-08-04 | Name of Trustee Independent Trustees Philip R. McLoughlin $1 – $10,000 $1 – $10,000 None None |
| 2023-04-11 | Philip R. McLoughlin. Mr. McLoughlin has an extensive legal, financial and asset management background. In 1971, he joined Phoenix Investment Partners, Ltd. as Assistant Counsel with responsibility for various compliance and legal functions. He eventually ascended to the role of President and CEO. |
| 2024-04-09 | Private investor since 2010. Formerly Chief Executive Officer of Phoenix Investment Partners and General Counsel of Phoenix Mutual Life Insurance Company. |
| Filing Date | Source Excerpt |
|---|---|
| 2021-06-08 | Philip R. McLoughlin. Mr. McLoughlin has an extensive legal, financial and asset management background. In 1971, he joined Phoenix Investment Partners, Ltd. as Assistant Counsel with responsibility for various compliance and legal functions. |
| 2022-05-31 | Mr. McLoughlin has an extensive legal, financial and asset management background. He served in various senior roles including Chief Investment Officer and CEO of Phoenix Investment Partners. |
| 2022-08-04 | Name of Trustee Philip R. McLoughlin |
| 2023-04-11 | Mr. McLoughlin has an extensive legal, financial and asset management background. |
| 2024-04-09 | Private investor since 2010. Formerly Chief Executive Officer and General Counsel of Phoenix Investment Partners, with oversight of fund management operations. |
| Filing Date | Source Excerpt |
|---|---|
| 2003-05-20 | *Philip R. McLoughlin 56 Term: Until 46 Consultant, The Phoenix 56 Prospect Street 2003. Served Companies, Inc. Hartford, CT 06115 since: 2002 (2002-present). Director, Chairman of the Board and for ZF and PXRE Corporation (Delaware) President ZTR. (1985-present), World Trust Fund (1991-present). Chairman (1997-2002), Director (1995-2002), Vice Chairman (1995-1997) and Chief Executive Officer (1995-2002), Phoenix Investment Partners, Ltd. Director, Executive Vice President and Chief Investment Officer, The Phoenix Companies, Inc. (2001-2002). Director (1994-2002) and Executive Vice President, Investments (1988-2002), Phoenix Life Insurance Company. Director (1983-2002) and Chairman (1995-2002), Phoenix Investment Counsel, Inc. Director (1984-2002) and President (1990-2000), Phoenix Equity Planning Corporation. Chairman and Chief Executive Officer, Phoenix/Zweig Advisers LLC (1999-2002). Director and President, Phoenix Investment Management Company (2001-2002). Director and Executive Vice President, Phoenix Life and Annuity Company (1996-2002). Director and Executive Vice President, PHL Variable Insurance Company (1995-2002). Director, Phoenix National Trust Company (1996-2002). Director and Vice President, PM Holdings, Inc. (1985-2002). Director, PHL Associates, Inc. (1995-2002). Director (1992-2002) and President (1992-1994), WS Griffith Securities, Inc. ...COMPENSATION TABLE AGGREGATE TOTAL COMPENSATION FROM COMPENSATION FUND AND FUND COMPLEX Philip R. McLoughlin -- Interested Director ZF-$0 $0 ZTR-$0 |
| 2016-10-17 | Philip R. McLoughlin Year of Birth: 1946 Lead Independent Director, Member of Nominating Committee Term: Until 2019; Served since: 2016 Partner (2006 to 2010), Cross Pond Partners, LLC (investment management consultant); and Partner (2008 to 2010), SeaCap Partners, LLC (strategic advisory firm) The current members of the Nominating Committee are Messrs. McLoughlin, Oates, Rogers, Walton and Zino, each of whom is an Independent Director. Mr. Oates serves as Chair of the Nominating Committee. The following table provides information regarding the compensation of the Independent Directors for the year ended December 31, 2015. Philip R. McLoughlin $0 $755,283 |
| 2017-04-28 | Philip R. McLoughlin Year of Birth: 1946 Director and Chairman Director of ZF and ZTR since 2016, term expires at the 2019 annual meeting. Director of DSE since 2014 and VGI since 2011, term expires at the 2018 annual meeting Private investor (since 2010); Partner, CrossPond Partners, LLC (investment management consultant) (2006 – 2010); Managing Director, SeaCap Partners LLC (strategic advisory firm) (2008 – 2010) 71 Director (since 1991) and Chairman (since 2010), World Trust Fund (closed-end investment firm in Luxembourg); Director (since 1996), closed-end funds managed by Duff & Phelps Investment Management Co. (4 portfolios); Chairman (since 2002) and Trustee (since 1989), Virtus Mutual Fund Complex (50 portfolios); Chairman and Trustee (since 2003), Virtus Variable Insurance Trust (9 portfolios); and Chairman and Trustee (since 2013), Virtus Alternative Solutions Trust (4 portfolios). The Audit Committee’s current members are Philip R. McLoughlin, William R. Moyer, James M. Oates, James B. Rogers, Jr., R. Keith Walton and Brian T. Zino. Mr. Zino is the Committee’s Chairman. The Board has determined that Brian T. Zino possesses the technical attributes to qualify as an “audit committee financial expert,” and has designated Mr. Zino as the Audit Committee’s financial expert. The Nominating and Governance Committee is currently composed entirely of Independent Directors; its current members are Philip R. McLoughlin, William R. Moyer, James M. Oates, James B. Rogers, Jr., R. Keith Walton and Brian T. Zino. Mr. Oates is the Committee’s Chairman. Each of the Compliance and Investment Committees is currently composed entirely of Independent Directors; their current members are Philip R. McLoughlin, William R. Moyer, James M. Oates, James B. Rogers, Jr., R. Keith Walton and Brian T. Zino. The Compliance Committee’s Chairman is Mr. Walton and Mr. Rogers is Chairman of the Investment Committee. The Transition Committee is composed entirely of Independent Directors and its members are Philip R. McLoughlin and R. Keith Walton. Mr. Walton is the Transition Committee’s Chairman. The following table provides information regarding the compensation of the Independent Directors for the year ended December 31, 2016. Philip R. McLoughlin Aggregate Compensation from the Funds $135,143 |
| 2018-04-17 | Philip R. McLoughlin Year of Birth: 1946 Director and Chairman Class II Director of ZF and ZTR since 2016, term expires at the 2019 Annual Meeting Class III Director of DSE since 2014 and VGI since 2011, nominee for term expiring at the 2021 Annual Meeting Private investor (since 2010) The Audit Committee’s current members are Philip R. McLoughlin, William R. Moyer, James M. Oates, James B. Rogers, Jr., R. Keith Walton and Brian T. Zino. Mr. Zino is the Committee’s Chairman. The Nominating and Governance Committee’s current members are Philip R. McLoughlin, William R. Moyer, James M. Oates, James B. Rogers, Jr., R. Keith Walton and Brian T. Zino. The Compliance Committee’s current members are Philip R. McLoughlin, William R. Moyer, James M. Oates, James B. Rogers, Jr., R. Keith Walton and Brian T. Zino. The Investment Committee’s current members are Philip R. McLoughlin, William R. Moyer, James M. Oates, James B. Rogers, Jr., R. Keith Walton and Brian T. Zino. The Transition Committee is composed entirely of Independent Directors and its members are Philip R. McLoughlin and R. Keith Walton. Mr. Walton is the Transition Committee’s Chairman. Director Compensation The following table provides information regarding the compensation of the Independent Directors for the year ended December 31, 2017. Philip R. McLoughlin $162,500 |
| 2019-04-16 | Philip R. McLoughlin Year of Birth: 1946 Director and Chairman Class II Director of ZF and ZTR since 2016, nominee for terms expiring at the 2022 Annual Meeting Class III Director of DSE since 2014 and VGI since 2011, terms expire at the 2021 Annual Meeting Private investor (since 2010) The Audit Committee’s current members are Philip R. McLoughlin, William R. Moyer, James M. Oates, James B. Rogers, Jr., R. Keith Walton and Brian T. Zino. Mr. Zino is the Committee’s Chairman. The Nominating and Governance Committee is currently composed entirely of Independent Directors; its current members are Philip R. McLoughlin, William R. Moyer, James M. Oates, James B. Rogers, Jr., R. Keith Walton and Brian T. Zino. Mr. Oates is the Committee’s Chairman. Each of the Compliance and Investment Committees is currently composed entirely of Independent Directors; their current members are Philip R. McLoughlin, William R. Moyer, James M. Oates, James B. Rogers, Jr., R. Keith Walton and Brian T. Zino. The Compliance Committee’s Chairman is Mr. Walton and Mr. Rogers is Chairman of the Investment Committee. The Executive Committee is composed entirely of Independent Directors and its members are Philip R. McLoughlin and R. Keith Walton. Mr. McLoughlin is the Executive Committee’s Chairman. Philip R. McLoughlin $162,500 |
| 2020-04-07 | McLoughlin, Philip R.YOB: 1946Portfolios Overseen: 74 Class III Trustee of VGI since 2011, term expires at the 2021 Annual Meeting Class II Director of ZTR since 2016, term expires at the 2022 Annual Meeting Retired Director and Chairman (2016 to 2019), the former Virtus Total Return Fund Inc.; Director and Chairman (since 2014), Duff & Phelps Select MLP and Midstream Energy Fund Inc.; Trustee and Chairman (since 2013), Virtus Alternative Solutions Trust (3 portfolios); Chairman and Trustee (since 2003), Virtus Variable Insurance Trust (8 portfolios); Director (since 1995), closed-end funds managed by Duff & Phelps Investment Management Co. (4 funds); Director (1991 to 2019) and Chairman (2010 to 2019), Lazard World Trust Fund (closed-end investment firm in Luxembourg); and Trustee (since 1989) and Chairman (since 2002), Virtus Mutual Fund Family (56 portfolios). The Governance and Nominating Committee is currently composed entirely of Independent Directors; its current members are James M. Oates, Chairman; Philip R. McLoughlin; and Brian T. Zino. The Executive Committee is composed entirely of Independent Directors, and its members are: Philip R. McLoughlin, Chairman; Donald C. Burke; Sidney E. Harris; James M. Oates; and Brian T. Zino. ... The following table provides information regarding the compensation of the Independent Directors, Advisory Board Members and Honorary Board Members for the year ended December 31, 2019. ... Philip R. McLoughlin ... Total Compensation from the Funds and Fund Complex(1) $731,744.56 |
| 2021-04-09 | McLoughlin, Philip R. YOB: 1946 Portfolios Overseen: 102 Class III Trustee of VGI since 2011, nominee for term expiring 2024 Class II Director of ZTR since 2016, term expires at the 2022 Annual Meeting Retired Chairman of each Board. The Governance and Nominating Committee is currently composed entirely of Independent Directors; its current members are James M. Oates, Chairman; Sidney E. Harris, Philip R. McLoughlin; and Brian T. Zino. Executive Committee. The Executive Committee is composed entirely of Independent Directors, and its members are: Philip R. McLoughlin, Chairman; Donald C. Burke; Sidney E. Harris; James M. Oates; and Brian T. Zino. |
| 2022-04-12 | Philip R. McLoughlin. YOB: 1946. Class III Trustee of VGI since 2011, term expires at the 2024 Annual Meeting. Class II Director of ZTR since 2016, nominee for term expiring 2025. Private investor since 2010. Trustee (since 2022), Virtus Stone Harbor Emerging Markets Income Fund and Virtus Stone Harbor Emerging Markets Total Income Fund; Trustee (since 2021), The Merger Fund®, The Merger Fund® VL, Virtus Event Opportunities Trust (2 portfolios), Virtus Investment Trust (13 portfolios) and Virtus Strategy Trust (11 portfolios); Trustee (since 2021), Virtus AllianzGI Artificial Intelligence & Technology Opportunities Fund, Virtus AllianzGI Convertible & Income 2024 Target Term Fund, Virtus AllianzGI Convertible & Income Fund, Virtus AllianzGI Convertible & Income Fund II, Virtus AllianzGI Diversified Income & Convertible Fund, Virtus Dividend, Interest & Premium Strategy Fund and Virtus AllianzGI Equity & Convertible Income Fund; Trustee (since 2022) and Advisory Board Member (2021), Virtus AllianzGI Convertible & Income 2024 Target Term Fund and Virtus AllianzGI Convertible & Income Fund; Director and Chairman (since 2016), Virtus Total Return Fund Inc.; Director and Chairman (2016 to 2019), the former Virtus Total Return Fund Inc.; Director and Chairman (2014 to 2021), Duff & Phelps Select MLP and Midstream Energy Fund Inc.; Trustee and Chairman (since 2013), Virtus Alternative Solutions Trust (2 portfolios); Trustee and Chairman (since 2011), Virtus Global Multi-Sector Income Fund; Chairman and Trustee (since 2003), Virtus Variable Insurance Trust (8 portfolios); Director (since 1995), closed-end funds managed by Duff & Phelps Investment Management Co. (3 funds); Director (1991 to 2019) and Chairman (2010 to 2019), Lazard World Trust Fund (closed-end investment firm in Luxembourg); and Trustee (since 1989) and Chairman (since 2002), Virtus Mutual Fund Family (61 portfolios). Aggregate Compensation from the Funds: $94,811.61. |
| 2023-04-11 | Philip R. McLoughlin. YOB: 1946. Class II Trustee of AIO since 2021, term expires at the 2024 Annual Meeting. Class I Trustee of CBH since 2022, term expires at the 2024 Annual Meeting. Class I Trustee of NCV since 2022, term expires at the 2025 Annual Meeting. Class I Trustee of NCZ from February 2021 to July 2022, Class III Trustee of NCZ since July 2022, Class III term expires at the 2023 Annual Meeting, nominee for Class II Trustee of NCZ for term expiring 2026. Class III Trustee of ACV since 2021, term expires at the 2024 Annual Meeting. Class II Trustee of NFJ since 2021, term expires at the 2025 Annual Meeting. Class II Trustee of NIE since 2021, term expires at the 2024 Annual Meeting. Class III Trustee of VGI since 2011, term expires at the 2024 Annual Meeting. Class II Director of ZTR since 2016, term expires at the 2025 Annual Meeting. Chairman of the Board. Committees: Audit Committee, Governance and Nominating Committee, Compliance and Risk Oversight Committee, Contracts Committee, Performance Committee, Executive Committee. Compensation total: $644,125. |
| 2024-04-09 | Philip R. McLoughlin. YOB: 1946. Class II Trustee of AIO since 2021, nominee for term expiring 2027; Class I Trustee of CBH since 2022, nominee for term expiring 2027; Class I Trustee of NCV since 2022, term expires at the 2025 Annual Meeting; Class I Trustee of NCZ from February 2021 to July 2022, Class III Trustee of NCZ from July 2022 to May 2023, Class II Trustee of NCZ since May 2023, term expires at the 2026 Annual Meeting; Class III Trustee of ACV since 2021, nominee for term expiring 2027; Class II Trustee of NFJ since 2021, term expires at the 2025 Annual Meeting; Class II Trustee of NIE since 2021, nominee for term expiring 2027; Class III Trustee of VGI since 2011, nominee for term expiring 2027; Class III Trustee of EDF since 2022, term expires at the 2026 Annual Meeting; Class II Director of ZTR since 2016, term expires at the 2025 Annual Meeting. Executive Committee Chair; Governance and Nominating Committee Member. |
Data sourced from SEC filings. Last updated: 2026-02-03