Morningstar® Investment Profile™   Morningstar®
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Virtus Duff & Phelps Real Estt Secs I
Release date as of 2022-05-31. Data on page is subject to change.
Snapshot Ratings & Risk Portfolio Nuts & Bolts
  Morningstar Report
Overall Morningstar
Rating™
What is this?
As of 2022-05-31
Out of 231
Real Estate Funds
Morningstar®
Style Box™
What is this?
As of 2022-03-31
Total Fund Assets ($ Mil)
100.47
View Historical Morningstar Star Ratings and Definitions
  Investment Objective & Strategy  
The investment seeks capital appreciation and income with approximately equal emphasis.
The Series offers exposure to the equity real estate investment trust (REITs) market utilizing a quality and relative value style with a fundamental security analysis approach designed to identify the most attractive investment candidates. Under normal circumstances, it invests at least 80% of its assets in publicly-traded REITs and companies that are principally engaged in the real estate industry. The Series concentrates its assets in the real estate industry.
  Morningstar Category: Real Estate
Real estate portfolios invest primarily in real estate investment trusts of various types. REITs are companies that develop and manage real estate properties. There are several different types of REITs, including apartment, factory-outlet, health-care, hotel, industrial, mortgage, office, and shopping center REITs. Some portfolios in this category also invest in real estate operating companies. 
  Investment Risks
Sector Funds: Funds that invest exclusively in one sector or industry involve risks due to the lack of industry diversification and expose the investor to increased industry-specific risks.
  Portfolio Profile
Asset Allocation
% of Net Assets
Bullet U.S. Stocks U.S. Stocks 98.6
Bullet Non-U.S. Stocks Non-U.S. Stocks 0.0
Bullet Bonds Bonds 0.0
Bullet Cash Cash 1.4
Bullet Other Other 0.0
Asset Allocation Rescaled Graph
Data through 2022-03-31
Morningstar Equity Sectors
% of Stocks
Cyclical 100.00
Basic Materials 0.00
Consumer Cyclical 0.00
Financial Services 0.00
Real Estate 100.00
Sensitive 0.00
Communication Services 0.00
Energy 0.00
Industrials 0.00
Technology 0.00
Defensive 0.00
Consumer Defensive 0.00
Healthcare 0.00
Utilities 0.00
Data through 2022-03-31
Holding Status
Total Number of Stock Holdings 31
Total Number of Bond Holdings 0
% of Net Assets in Top 10 Holdings 53.96
Turnover % (as of 2021-12-31) 16.00
30 Day SEC Yield % 2.13
Top Holdings
Sector P/E % of Net
Assets
Prologis Inc --- 10.49
Equinix Inc --- 6.78
Welltower Inc --- 5.19
Duke Realty Corp --- 4.90
AvalonBay Communities Inc --- 4.81
Mid-America Apartment Communities Inc --- 4.62
Sun Communities Inc --- 4.53
Extra Space Storage Inc --- 4.26
CubeSmart --- 4.26
Simon Property Group Inc --- 4.12
Data through 2022-03-31
  Principal Risks   
Loss of Money, Not FDIC Insured, Issuer, Market/Market Volatility, Equity Securities, Industry and Sector Investing, Shareholder Activity, Management, Real Estate/REIT Sector
Show Risk Definitions
  Other Information
Inception Date: 2013-04-30
Initial Shareclass Inception Date: 1995-05-01
Portfolio Manager(s)
Geoffrey P. Dybas   (2007-05-31)
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 J. Haggerty   (2007-08-13)
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.
Investment Advisor(s)
Virtus Investment Advisers, Inc.
Issuer
Virtus
Subadvisor(s)
Duff & PheLPs Investment Management Co
Show Data Definitions

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