Virtus Duff & Phelps Real Estate Secs A (PHRAX)
| Fund Assets | 349.36M |
| Expense Ratio | 1.24% |
| Min. Investment | $2,500 |
| Turnover | 36.00% |
| Dividend (ttm) | 1.60 |
| Dividend Yield | 7.96% |
| Dividend Growth | -28.32% |
| Payout Frequency | Quarterly |
| Ex-Dividend Date | Jun 18, 2025 |
| Previous Close | 19.10 |
| YTD Return | 2.15% |
| 1-Year Return | -2.62% |
| 5-Year Return | 50.11% |
| 52-Week Low | 16.52 |
| 52-Week High | 21.92 |
| Beta (5Y) | n/a |
| Holdings | 33 |
| Inception Date | Mar 1, 1995 |
About PHRAX
Virtus Duff & Phelps Real Estate Securities Fund Class A is a mutual fund focused on providing investors with exposure to the U.S. real estate sector. Its primary objective is to deliver attractive long-term returns by investing at least 80% of its assets in publicly traded real estate investment trusts (REITs) and companies principally engaged in the real estate industry. The fund places a particular emphasis on firms that generate recurring income from rental properties, leveraging the stability of contractual rental cash flows as a core component of its strategy. Managed by an experienced team at Duff & Phelps Investment Management, the fund employs a disciplined, bottom-up investment process that combines qualitative and quantitative analysis to identify high-quality commercial real estate owner-operators. The portfolio typically consists of a high-conviction selection of 25 to 45 securities, aiming to capitalize on valuation inefficiencies and the historically higher long-term risk-adjusted returns found in rental property companies. Beyond its return objectives, the fund offers potential diversification benefits, as the performance of the U.S. real estate market has historically shown lower correlation to traditional stocks and bonds. This makes the fund a suitable instrument for those seeking to broaden their portfolio’s exposure to real estate.
Performance
PHRAX had a total return of -2.62% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.72%.
Top 10 Holdings
57.15% of assets| Name | Symbol | Weight |
|---|---|---|
| Prologis, Inc. | PLD | 8.75% |
| Welltower Inc. | WELL | 8.46% |
| Equinix, Inc. | EQIX | 7.48% |
| Digital Realty Trust, Inc. | DLR | 5.66% |
| Iron Mountain Incorporated | IRM | 4.89% |
| AvalonBay Communities, Inc. | AVB | 4.62% |
| Public Storage | PSA | 4.55% |
| Ventas, Inc. | VTR | 4.36% |
| Simon Property Group, Inc. | SPG | 4.21% |
| American Homes 4 Rent | AMH | 4.16% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 18, 2025 | $0.08907 | Jun 18, 2025 |
| Mar 20, 2025 | $0.07117 | Mar 20, 2025 |
| Dec 19, 2024 | $1.34869 | Dec 19, 2024 |
| Sep 19, 2024 | $0.09246 | Sep 19, 2024 |
| Jun 20, 2024 | $0.08129 | Jun 20, 2024 |
| Mar 21, 2024 | $0.05266 | Mar 21, 2024 |