Virtus Duff & Phelps Real Estate Securities Fund (PHRAX)
The fund normally invests at least 80% of its assets in publicly-traded REITs and companies that are principally engaged in the real estate industry. It offers exposure to the equity real estate investment trust ("REIT") market utilizing utilizing a quality and relative value style with a fundamental security analysis approach designed to identify the most attractive investment candidates.
Fund Info
| ISIN | US92828R5862 |
|---|---|
| CUSIP | 92828R586 |
| Issuer | Virtus |
| Inception Date | Mar 1, 1995 |
| Category | REIT |
| Min. Investment | $2,500 |
| Asset Class | Real Estate |
Expense Ratio
PHRAX has a high expense ratio of 1.36%, indicating higher-than-average management fees.
Share Price Chart
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Compare to other instruments
Search for stocks, ETFs, and funds for a quick comparison or use the comparison tool for more options.
Popular comparisons: PHRAX vs. SPY, PHRAX vs. FTIHX, PHRAX vs. SHSAX
Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Virtus Duff & Phelps Real Estate Securities Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Virtus Duff & Phelps Real Estate Securities Fund had a return of 16.65% year-to-date (YTD) and 35.47% in the last 12 months. Over the past 10 years, Virtus Duff & Phelps Real Estate Securities Fund had an annualized return of 6.91%, while the S&P 500 had an annualized return of 11.43%, indicating that Virtus Duff & Phelps Real Estate Securities Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 16.65% | 25.82% |
| 1 month | 2.11% | 3.20% |
| 6 months | 21.72% | 14.94% |
| 1 year | 35.47% | 35.92% |
| 5 years (annualized) | 6.76% | 14.22% |
| 10 years (annualized) | 6.91% | 11.43% |
Monthly Returns
The table below presents the monthly returns of PHRAX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -4.39% | 1.98% | 1.24% | -6.77% | 5.32% | 2.88% | 6.46% | 6.89% | 3.04% | -2.06% | 16.65% | ||
| 2023 | 10.46% | -4.98% | -1.90% | 1.25% | -3.86% | 4.31% | 1.80% | -3.24% | -6.58% | -4.05% | 10.96% | 8.34% | 10.97% |
| 2022 | -6.87% | -3.91% | 5.87% | -4.31% | -7.05% | -7.81% | 9.57% | -5.77% | -11.71% | 3.68% | 5.50% | -4.90% | -26.33% |
| 2021 | -0.45% | 3.88% | 4.43% | 8.79% | 1.19% | 2.72% | 5.79% | 2.60% | -5.48% | 8.58% | -0.85% | 8.83% | 46.79% |
| 2020 | 1.47% | -7.22% | -18.25% | 7.19% | 1.68% | 2.65% | 4.47% | 0.57% | -3.28% | -3.03% | 11.29% | 3.83% | -1.98% |
| 2019 | 10.41% | 1.17% | 3.32% | 0.71% | 0.17% | 1.07% | 0.91% | 4.52% | 2.88% | 1.71% | -1.01% | -1.13% | 27.09% |
| 2018 | -3.72% | -7.49% | 4.30% | 1.83% | 2.55% | 3.94% | 0.67% | 2.46% | -2.47% | -4.00% | 4.32% | -8.85% | -7.41% |
| 2017 | -0.37% | 3.69% | -2.75% | 0.20% | -0.80% | 1.65% | 2.00% | 0.03% | -0.36% | 0.10% | 2.23% | 0.04% | 5.65% |
| 2016 | -4.55% | -0.55% | 10.82% | -2.60% | 2.47% | 6.91% | 3.26% | -3.44% | -2.27% | -5.02% | -2.09% | 4.58% | 6.39% |
| 2015 | 6.17% | -3.54% | 1.71% | -5.68% | 0.43% | -4.15% | 5.64% | -5.79% | 2.69% | 5.51% | -0.52% | 0.71% | 2.18% |
| 2014 | 3.95% | 5.78% | 0.90% | 3.48% | 1.91% | 0.82% | -0.34% | 2.56% | -5.43% | 10.80% | 1.97% | 2.02% | 31.45% |
| 2013 | 3.24% | -0.31% | 2.23% | 7.02% | -5.64% | -1.86% | 0.77% | -6.99% | 3.66% | 4.33% | -5.32% | 0.15% | 0.21% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PHRAX is 44, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Virtus Duff & Phelps Real Estate Securities Fund (PHRAX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Virtus Duff & Phelps Real Estate Securities Fund provided a 1.76% dividend yield over the last twelve months, with an annual payout of $0.37 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.37 | $0.41 | $0.26 | $0.37 | $0.39 | $0.45 | $0.33 | $0.52 | $0.57 | $0.54 | $0.46 | $0.41 |
Dividend yield | 1.76% | 2.23% | 1.41% | 1.30% | 1.93% | 2.07% | 1.58% | 1.96% | 1.90% | 1.58% | 1.13% | 1.26% |
Monthly Dividends
The table displays the monthly dividend distributions for Virtus Duff & Phelps Real Estate Securities Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.00 | $0.00 | $0.05 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.23 | |
| 2023 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.15 | $0.41 |
| 2022 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.26 |
| 2021 | $0.00 | $0.00 | $0.19 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.04 | $0.37 |
| 2020 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.09 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.14 | $0.39 |
| 2019 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.18 | $0.00 | $0.00 | $0.06 | $0.00 | $0.00 | $0.08 | $0.45 |
| 2018 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.07 | $0.00 | $0.00 | $0.11 | $0.33 |
| 2017 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.10 | $0.52 |
| 2016 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.15 | $0.57 |
| 2015 | $0.00 | $0.00 | $0.13 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.00 | $0.00 | $0.14 | $0.54 |
| 2014 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.11 | $0.00 | $0.00 | $0.13 | $0.46 |
| 2013 | $0.10 | $0.00 | $0.00 | $0.10 | $0.00 | $0.00 | $0.08 | $0.00 | $0.00 | $0.12 | $0.41 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Virtus Duff & Phelps Real Estate Securities Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Virtus Duff & Phelps Real Estate Securities Fund was 73.50%, occurring on Mar 6, 2009. Recovery took 1026 trading sessions.
The current Virtus Duff & Phelps Real Estate Securities Fund drawdown is 4.63%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -73.5% | Feb 8, 2007 | 521 | Mar 6, 2009 | 1026 | Apr 5, 2013 | 1547 |
| -42% | Feb 18, 2020 | 25 | Mar 23, 2020 | 261 | Apr 6, 2021 | 286 |
| -33.51% | Jan 3, 2022 | 458 | Oct 27, 2023 | — | — | — |
| -33.04% | Oct 8, 1997 | 243 | Sep 11, 1998 | 582 | Dec 15, 2000 | 825 |
| -18.5% | Apr 2, 2004 | 26 | May 10, 2004 | 80 | Sep 2, 2004 | 106 |
Volatility
Volatility Chart
The current Virtus Duff & Phelps Real Estate Securities Fund volatility is 4.93%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.