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Trending ETFs

Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$18.06

$375 M

1.17%

$0.21

1.36%

Vitals

YTD Return

-1.8%

1 yr return

4.3%

3 Yr Avg Return

-1.0%

5 Yr Avg Return

3.8%

Net Assets

$375 M

Holdings in Top 10

54.9%

52 WEEK LOW AND HIGH

$18.1
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.36%

SALES FEES

Front Load 5.50%

Deferred Load N/A

TRADING FEES

Turnover 14.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$2,500

IRA

$100


Fund Classification

Fund Type

Open End Mutual Fund


Name

As of 06/17/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

$18.06

$375 M

1.17%

$0.21

1.36%

PHRAX - Profile

Distributions

  • YTD Total Return -1.8%
  • 3 Yr Annualized Total Return -1.0%
  • 5 Yr Annualized Total Return 3.8%
  • Capital Gain Distribution Frequency Semi-Annually
  • Net Income Ratio 0.98%
DIVIDENDS
  • Dividend Yield 1.2%
  • Dividend Distribution Frequency Quarterly

Fund Details

  • Legal Name
    Virtus Duff & Phelps Real Estate Securities Fund
  • Fund Family Name
    Virtus Funds
  • Inception Date
    Nov 12, 2014
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Geoffrey Dybas

Fund Description

The fund offers exposure to the equity real estate investment trust (“REIT”) market utilizing a quality and relative value style with a fundamental security analysis approach designed to identify the most attractive investment candidates. The subadviser believes the value of a REIT extends beyond the value of the underlying real estate and that through fundamental research, it can uncover and exploit inefficiencies in the market.

Under normal circumstances, the fund invests at least 80% of its assets in publicly-traded REITs and companies that are principally engaged in the real estate industry. The fund concentrates its assets in the real estate industry.

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PHRAX - Performance

Return Ranking - Trailing

Period PHRAX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.8% -12.7% 5.3% 26.52%
1 Yr 4.3% -21.3% 10.7% 53.79%
3 Yr -1.0%* -15.2% 8.9% 33.46%
5 Yr 3.8%* -11.9% 13.2% 11.02%
10 Yr 5.8%* -2.9% 13.8% 23.68%

* Annualized

Return Ranking - Calendar

Period PHRAX Return Category Return Low Category Return High Rank in Category (%)
2023 -1.5% -17.6% 24.6% 87.07%
2022 -33.7% -51.3% 2.7% 72.14%
2021 39.9% -7.7% 52.3% 11.67%
2020 -7.6% -42.2% 35.0% 36.36%
2019 4.3% -0.8% 43.1% 90.56%

Total Return Ranking - Trailing

Period PHRAX Return Category Return Low Category Return High Rank in Category (%)
YTD -1.8% -12.7% 5.3% 26.52%
1 Yr 4.3% -21.3% 10.7% 53.79%
3 Yr -1.0%* -15.2% 8.9% 33.46%
5 Yr 3.8%* -11.9% 13.2% 11.02%
10 Yr 5.8%* -2.9% 13.8% 23.68%

* Annualized

Total Return Ranking - Calendar

Period PHRAX Return Category Return Low Category Return High Rank in Category (%)
2023 10.9% -14.0% 25.0% 65.40%
2022 -26.3% -40.7% 7.8% 53.05%
2021 46.7% 7.8% 54.6% 11.67%
2020 -2.0% -36.6% 44.3% 21.49%
2019 26.9% 3.4% 46.4% 53.22%

NAV & Total Return History


PHRAX - Holdings

Concentration Analysis

PHRAX Category Low Category High PHRAX % Rank
Net Assets 375 M 2.26 M 63.6 B 43.75%
Number of Holdings 32 18 513 87.88%
Net Assets in Top 10 201 M 655 K 30.4 B 42.05%
Weighting of Top 10 54.88% 16.9% 86.8% 50.00%

Top 10 Holdings

  1. Prologis Inc 11.16%
  2. Equinix Inc 6.02%
  3. Welltower Inc 5.63%
  4. Simon Property Group Inc 4.90%
  5. Public Storage 4.89%
  6. AvalonBay Communities Inc 4.88%
  7. Realty Income Corp 4.71%
  8. Digital Realty Trust Inc 4.60%
  9. Ventas Inc 4.35%
  10. American Homes 4 Rent 3.74%

Asset Allocation

Weighting Return Low Return High PHRAX % Rank
Stocks
99.01% 0.00% 108.92% 39.02%
Cash
0.99% -42.50% 20.18% 51.14%
Preferred Stocks
0.00% 0.00% 31.13% 89.77%
Other
0.00% -91.92% 109.04% 84.47%
Convertible Bonds
0.00% 0.00% 10.95% 87.83%
Bonds
0.00% -3.17% 161.71% 88.26%

Stock Sector Breakdown

Weighting Return Low Return High PHRAX % Rank
Real Estate
100.00% 34.46% 100.00% 28.80%
Utilities
0.00% 0.00% 3.55% 87.20%
Technology
0.00% 0.00% 12.02% 88.80%
Industrials
0.00% 0.00% 7.39% 88.00%
Healthcare
0.00% 0.00% 0.53% 87.20%
Financial Services
0.00% 0.00% 37.05% 88.00%
Energy
0.00% 0.00% 33.11% 87.20%
Communication Services
0.00% 0.00% 11.61% 89.60%
Consumer Defense
0.00% 0.00% 0.93% 87.20%
Consumer Cyclical
0.00% 0.00% 45.29% 90.40%
Basic Materials
0.00% 0.00% 13.69% 88.00%

Stock Geographic Breakdown

Weighting Return Low Return High PHRAX % Rank
US
99.01% 0.00% 108.92% 37.12%
Non US
0.00% 0.00% 41.39% 89.77%

PHRAX - Expenses

Operational Fees

PHRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.36% 0.07% 28.75% 40.61%
Management Fee 0.75% 0.00% 1.50% 60.23%
12b-1 Fee 0.25% 0.00% 1.00% 60.47%
Administrative Fee 0.10% 0.01% 0.45% 54.79%

Sales Fees

PHRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 5.50% 3.00% 5.75% 55.56%
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PHRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PHRAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 14.00% 0.11% 380.00% 12.65%

PHRAX - Distributions

Dividend Yield Analysis

PHRAX Category Low Category High PHRAX % Rank
Dividend Yield 1.17% 0.00% 13.03% 87.12%

Dividend Distribution Analysis

PHRAX Category Low Category High Category Mod
Dividend Distribution Frequency Quarterly Annual Monthly Quarterly

Net Income Ratio Analysis

PHRAX Category Low Category High PHRAX % Rank
Net Income Ratio 0.98% -1.14% 6.05% 53.64%

Capital Gain Distribution Analysis

PHRAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Semi-Annually Annually Semi-Annually Annually

Distributions History

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PHRAX - Fund Manager Analysis

Managers

Geoffrey Dybas


Start Date

Tenure

Tenure Rank

Dec 31, 1998

23.43

23.4%

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.

Frank Haggerty


Start Date

Tenure

Tenure Rank

Aug 17, 2007

14.8

14.8%

Frank Haggerty is the PM for all dedicated Global Real Estate Securities managed by Duff & Phelps, including the Virtus Duff & Phelps Real Estate Securities Fund; Virtus Duff & Phelps Int’l Real Estate Securities Fund; Virtus Duff & Phelps Global Real Estate Securities Fund; Virtus Duff & Phelps 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 accts. He joined Duff & Phelps in 2005 after serving as REIT PM/Sr. Analyst for ABN AMRO Asset Mgmt. He holds a BS from IL State University and an MBA from the Kellstadt Graduate School of Mgmt at DePaul University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.01 28.42 8.12 16.42