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Virtus Duff & Phelps Real Estate Securities Fund
mutual fund
PHRAX
Payout Change
Pending
Price as of:
$18.69
+0.07
+0.38%
primary theme
Real Estate Sector Equity
share class
PHRAX (Mutual Fund)
Virtus Duff & Phelps Real Estate Securities Fund
Payout Change
Pending
Price as of:
$18.69
+0.07
+0.38%
primary theme
Real Estate Sector Equity
share class
PHRAX (Mutual Fund)
Virtus Duff & Phelps Real Estate Securities Fund
Payout Change
Pending
Price as of:
$18.69
+0.07
+0.38%
primary theme
Real Estate Sector Equity
share class
Name
As of 12/23/2024Price
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
Vitals
YTD Return
10.0%
1 yr return
10.9%
3 Yr Avg Return
-2.5%
5 Yr Avg Return
5.7%
Net Assets
$388 M
Holdings in Top 10
56.2%
52 WEEK LOW AND HIGH
$18.6
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 12/23/2024Price
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
PHRAX - Profile
Distributions
- YTD Total Return 10.0%
- 3 Yr Annualized Total Return -2.5%
- 5 Yr Annualized Total Return 5.7%
- Capital Gain Distribution Frequency Semi-Annually
- Net Income Ratio 0.98%
- Dividend Yield 2.7%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameVirtus Duff & Phelps Real Estate Securities Fund
-
Fund Family NameVirtus Funds
-
Inception DateNov 12, 2014
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerGeoffrey 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.
PHRAX - Performance
Return Ranking - Trailing
| Period | PHRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.0% | -12.5% | 17.2% | 9.66% |
| 1 Yr | 10.9% | -12.5% | 17.8% | 8.82% |
| 3 Yr | -2.5%* | -13.7% | 4.8% | 32.20% |
| 5 Yr | 5.7%* | -12.6% | 12.7% | 7.21% |
| 10 Yr | 5.7%* | -2.5% | 13.4% | 23.13% |
* Annualized
Return Ranking - Calendar
| Period | PHRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | -1.5% | -16.2% | 24.6% | 86.92% |
| 2022 | -33.7% | -51.3% | 2.5% | 72.46% |
| 2021 | 39.9% | -7.7% | 52.3% | 11.91% |
| 2020 | -7.6% | -42.2% | 35.0% | 36.94% |
| 2019 | 4.3% | 0.0% | 43.1% | 93.49% |
Total Return Ranking - Trailing
| Period | PHRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 10.0% | -12.5% | 17.2% | 9.66% |
| 1 Yr | 10.9% | -12.5% | 17.8% | 8.82% |
| 3 Yr | -2.5%* | -13.7% | 4.8% | 32.20% |
| 5 Yr | 5.7%* | -12.6% | 12.7% | 7.21% |
| 10 Yr | 5.7%* | -2.5% | 13.4% | 23.13% |
* Annualized
Total Return Ranking - Calendar
| Period | PHRAX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 10.9% | -13.7% | 25.0% | 64.14% |
| 2022 | -26.3% | -40.7% | 7.8% | 55.93% |
| 2021 | 46.7% | 7.8% | 54.6% | 12.77% |
| 2020 | -2.0% | -36.6% | 44.3% | 22.52% |
| 2019 | 26.9% | 4.1% | 46.4% | 55.35% |
NAV & Total Return History
PHRAX - Holdings
Concentration Analysis
| PHRAX | Category Low | Category High | PHRAX % Rank | |
|---|---|---|---|---|
| Net Assets | 388 M | 2.26 M | 70.8 B | 48.48% |
| Number of Holdings | 32 | 22 | 548 | 91.18% |
| Net Assets in Top 10 | 224 M | 1.29 M | 32.8 B | 46.64% |
| Weighting of Top 10 | 56.22% | 13.2% | 82.2% | 42.02% |
Top 10 Holdings
- Prologis Inc 9.80%
- Equinix Inc 8.48%
- Welltower Inc 6.43%
- Public Storage 4.96%
- Simon Property Group Inc 4.92%
- Digital Realty Trust Inc 4.83%
- AvalonBay Communities Inc 4.83%
- Ventas Inc 4.42%
- Iron Mountain Inc 4.09%
- American Homes 4 Rent 3.47%
Asset Allocation
| Weighting | Return Low | Return High | PHRAX % Rank | |
|---|---|---|---|---|
| Stocks | 98.55% | 0.00% | 100.25% | 60.50% |
| Cash | 1.45% | -42.50% | 24.34% | 37.39% |
| Preferred Stocks | 0.00% | 0.00% | 31.13% | 97.06% |
| Other | 0.00% | -82.45% | 106.21% | 87.82% |
| Convertible Bonds | 0.00% | 0.00% | 10.95% | 94.94% |
| Bonds | 0.00% | 0.00% | 149.68% | 94.96% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | PHRAX % Rank | |
|---|---|---|---|---|
| Real Estate | 100.00% | 34.46% | 100.00% | 36.73% |
| Utilities | 0.00% | 0.00% | 3.55% | 94.69% |
| Technology | 0.00% | 0.00% | 12.02% | 96.46% |
| Industrials | 0.00% | 0.00% | 7.39% | 95.58% |
| Healthcare | 0.00% | 0.00% | 0.53% | 94.69% |
| Financial Services | 0.00% | 0.00% | 37.05% | 95.13% |
| Energy | 0.00% | 0.00% | 33.11% | 95.13% |
| Communication Services | 0.00% | 0.00% | 11.61% | 94.69% |
| Consumer Defense | 0.00% | 0.00% | 0.93% | 94.69% |
| Consumer Cyclical | 0.00% | 0.00% | 45.29% | 97.35% |
| Basic Materials | 0.00% | 0.00% | 13.69% | 95.13% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | PHRAX % Rank | |
|---|---|---|---|---|
| US | 98.55% | 0.00% | 100.25% | 56.30% |
| Non US | 0.00% | 0.00% | 36.61% | 94.96% |
PHRAX - Expenses
Operational Fees
| PHRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.36% | 0.07% | 8.91% | 39.57% |
| Management Fee | 0.75% | 0.00% | 1.50% | 58.40% |
| 12b-1 Fee | 0.25% | 0.00% | 1.00% | 61.21% |
| Administrative Fee | 0.10% | 0.01% | 0.45% | 49.15% |
Sales Fees
| PHRAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | 5.50% | 3.00% | 5.75% | 59.52% |
| 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% | 13.51% |
PHRAX - Distributions
Dividend Yield Analysis
| PHRAX | Category Low | Category High | PHRAX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 2.75% | 0.00% | 13.03% | 87.39% |
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% | 56.17% |
Capital Gain Distribution Analysis
| PHRAX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Semi-Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 19, 2024 | $0.128 | OrdinaryDividend |
| Dec 19, 2024 | $0.221 | CapitalGainShortTerm |
| Dec 19, 2024 | $0.999 | CapitalGainLongTerm |
| Sep 19, 2024 | $0.092 | OrdinaryDividend |
| Mar 21, 2024 | $0.053 | OrdinaryDividend |
| Dec 21, 2023 | $0.148 | OrdinaryDividend |
| Dec 21, 2023 | $1.867 | CapitalGainLongTerm |
| Sep 21, 2023 | $0.086 | OrdinaryDividend |
| Jun 22, 2023 | $0.094 | OrdinaryDividend |
| Mar 16, 2023 | $0.084 | OrdinaryDividend |
| Dec 22, 2022 | $0.063 | OrdinaryDividend |
| Dec 22, 2022 | $1.820 | CapitalGainLongTerm |
| Sep 22, 2022 | $0.059 | OrdinaryDividend |
| Sep 22, 2022 | $0.015 | CapitalGainLongTerm |
| Jun 16, 2022 | $0.055 | OrdinaryDividend |
| Mar 17, 2022 | $0.071 | OrdinaryDividend |
| Dec 22, 2021 | $0.042 | OrdinaryDividend |
| Dec 22, 2021 | $0.302 | CapitalGainShortTerm |
| Dec 22, 2021 | $0.589 | CapitalGainLongTerm |
| Sep 22, 2021 | $0.061 | OrdinaryDividend |
| Jun 22, 2021 | $0.079 | OrdinaryDividend |
| Mar 23, 2021 | $0.185 | OrdinaryDividend |
| Dec 22, 2020 | $0.138 | OrdinaryDividend |
| Dec 22, 2020 | $0.020 | CapitalGainShortTerm |
| Dec 22, 2020 | $0.717 | CapitalGainLongTerm |
| Sep 22, 2020 | $0.007 | OrdinaryDividend |
| Sep 22, 2020 | $0.061 | CapitalGainLongTerm |
| Jun 22, 2020 | $0.093 | OrdinaryDividend |
| Mar 23, 2020 | $0.091 | OrdinaryDividend |
| Dec 20, 2019 | $0.075 | OrdinaryDividend |
| Dec 20, 2019 | $0.002 | CapitalGainShortTerm |
| Dec 20, 2019 | $4.208 | CapitalGainLongTerm |
| Sep 20, 2019 | $0.023 | OrdinaryDividend |
| Sep 20, 2019 | $0.034 | CapitalGainLongTerm |
| Jun 20, 2019 | $0.175 | OrdinaryDividend |
| Mar 21, 2019 | $0.144 | OrdinaryDividend |
| Dec 17, 2018 | $0.108 | OrdinaryDividend |
| Dec 17, 2018 | $0.005 | CapitalGainShortTerm |
| Dec 17, 2018 | $3.649 | CapitalGainLongTerm |
| Sep 20, 2018 | $0.071 | OrdinaryDividend |
| Jun 21, 2018 | $0.071 | OrdinaryDividend |
| Mar 21, 2018 | $0.080 | OrdinaryDividend |
| Dec 20, 2017 | $0.102 | OrdinaryDividend |
| Dec 20, 2017 | $4.412 | CapitalGainLongTerm |
| Sep 21, 2017 | $0.140 | OrdinaryDividend |
| Jun 22, 2017 | $0.140 | OrdinaryDividend |
| Mar 23, 2017 | $0.140 | OrdinaryDividend |
| Dec 21, 2016 | $0.148 | OrdinaryDividend |
| Dec 21, 2016 | $0.210 | CapitalGainShortTerm |
| Dec 21, 2016 | $5.567 | CapitalGainLongTerm |
| Sep 22, 2016 | $0.140 | OrdinaryDividend |
| Jun 22, 2016 | $0.140 | OrdinaryDividend |
| Mar 22, 2016 | $0.140 | OrdinaryDividend |
| Dec 22, 2015 | $0.140 | OrdinaryDividend |
| Dec 22, 2015 | $0.245 | CapitalGainShortTerm |
| Dec 22, 2015 | $6.049 | CapitalGainLongTerm |
| Sep 22, 2015 | $0.140 | OrdinaryDividend |
| Jun 22, 2015 | $0.135 | OrdinaryDividend |
| Mar 23, 2015 | $0.125 | OrdinaryDividend |
| Dec 22, 2014 | $0.125 | OrdinaryDividend |
| Dec 22, 2014 | $0.110 | CapitalGainShortTerm |
| Dec 22, 2014 | $1.832 | CapitalGainLongTerm |
| Sep 22, 2014 | $0.110 | OrdinaryDividend |
| Jun 20, 2014 | $0.110 | OrdinaryDividend |
| Mar 21, 2014 | $0.110 | OrdinaryDividend |
| Dec 20, 2013 | $0.124 | OrdinaryDividend |
| Dec 20, 2013 | $2.154 | CapitalGainLongTerm |
| Sep 20, 2013 | $0.084 | OrdinaryDividend |
| Jun 20, 2013 | $0.100 | OrdinaryDividend |
| Mar 20, 2013 | $0.100 | OrdinaryDividend |
| Dec 20, 2012 | $0.071 | OrdinaryDividend |
| Sep 20, 2012 | $0.095 | OrdinaryDividend |
| Jun 21, 2012 | $0.090 | OrdinaryDividend |
| Mar 22, 2012 | $0.059 | OrdinaryDividend |
| Dec 21, 2011 | $0.064 | OrdinaryDividend |
| Sep 22, 2011 | $0.070 | OrdinaryDividend |
| Jun 22, 2011 | $0.066 | OrdinaryDividend |
| Mar 23, 2011 | $0.066 | OrdinaryDividend |
| Dec 22, 2010 | $0.080 | OrdinaryDividend |
| Sep 22, 2010 | $0.047 | OrdinaryDividend |
| Jun 22, 2010 | $0.080 | OrdinaryDividend |
| Mar 23, 2010 | $0.120 | OrdinaryDividend |
| Dec 22, 2009 | $0.083 | OrdinaryDividend |
| Sep 22, 2009 | $0.062 | OrdinaryDividend |
| Jun 22, 2009 | $0.095 | OrdinaryDividend |
| Mar 23, 2009 | $0.194 | OrdinaryDividend |
| Dec 22, 2008 | $0.109 | OrdinaryDividend |
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 | 8.32 | 2.68 |
