Virtus Duff & Phelps Real Estate Securities Fund Class A (PHRAX)

Fund Assets	336.31M
Expense Ratio	1.228%
Min. Investment	$2,500
Turnover	17.00%
Dividend (ttm)	0.39
Dividend Yield	1.99%
Dividend Growth	3.35%
Payout Frequency	Quarterly
Ex-Dividend Date	Sep 17, 2026

Previous Close	19.43
YTD Return	11.62%
1-Year Return	11.02%
5-Year Return	12.56%
52-Week Low	17.65
52-Week High	21.88
Beta (5Y)	0.82
Holdings	32
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.

• Fund Family: Virtus
• Category: Real Estate
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PHRAX
• Share Class: Class A
• Index: FTSE NAREIT Equity REITS TR

Performance

PHRAX had a total return of 11.02% in the past year, including dividends. Since the fund's inception, the average annual return has been 9.68%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
VRREX	Class R6	0.79%
PHRIX	Class I	0.99%
PHRCX	Class C	1.99%

Top 10 Holdings

56.55% of assets

Name	Symbol	Weight
Welltower Inc.	WELL	12.06%
Prologis, Inc.	PLD	9.01%
Equinix, Inc.	EQIX	6.93%
Digital Realty Trust, Inc.	DLR	5.43%
Simon Property Group, Inc.	SPG	4.79%
Ventas, Inc.	VTR	4.54%
Public Storage	PSA	3.68%
American Healthcare REIT, Inc.	AHR	3.63%
Mid-America Apartment Communities, Inc.	MAA	3.28%
Iron Mountain Incorporated	IRM	3.20%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 17, 2026	$0.08657	Sep 17, 2026
Jun 18, 2026	$0.07402	Jun 18, 2026
Mar 19, 2026	$0.06457	Mar 19, 2026
Dec 18, 2025	$0.80583	Dec 18, 2025
Sep 18, 2025	$0.08839	Sep 18, 2025
Jun 18, 2025	$0.08907	Jun 18, 2025

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 16, 2026

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