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Virtus Duff & Phelps Real Asset Fund
mutual fund
VAABX
Payout Change
Pending
Price as of:
$14.78
+0.01
+0.07%
primary theme
N/A
share class
VAABX (Mutual Fund)
Virtus Duff & Phelps Real Asset Fund
Payout Change
Pending
Price as of:
$14.78
+0.01
+0.07%
primary theme
N/A
share class
VAABX (Mutual Fund)
Virtus Duff & Phelps Real Asset Fund
Payout Change
Pending
Price as of:
$14.78
+0.01
+0.07%
primary theme
N/A
share class
Name
As of 12/11/2024Price
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
13.3%
1 yr return
15.3%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$17.7 M
Holdings in Top 10
97.6%
52 WEEK LOW AND HIGH
$14.8
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.36%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
$2,500,000
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/11/2024Price
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
VAABX - Profile
Distributions
- YTD Total Return 13.3%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency Annually
- Net Income Ratio N/A
- Dividend Yield 0.0%
- Dividend Distribution Frequency SemiAnnual
Fund Details
-
Legal NameVirtus Duff & Phelps Real Asset Fund
-
Fund Family NameVirtus Funds
-
Inception DateJan 31, 2022
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerDavid Grumhaus
Fund Description
The fund seeks to achieve its objective by investing its assets in a mix of underlying affiliated and unaffiliated mutual funds and exchange-traded funds (“ETFs”) (collectively, “underlying funds”) representing a broad universe of real assets. The fund’s subadviser expects that over the long term, a multi-strategy real asset portfolio will mitigate the impact of inflation on the fund’s assets. Real assets are securities whose underlying value is tied to a tangible asset or are linked or correlated to the rate of inflation. Under normal circumstances, the fund will invest at least 80% of its net assets in underlying funds which substantially invest directly and indirectly in real assets. Real assets are broadly defined by the fund and include: global real estate (including real estate investment trusts (“REITs”) and real estate operating companies); natural resources; commodities; global infrastructure (sectors such as utilities, telecommunications and industrials); energy midstream Master Limited Partnerships (“MLPs”), General Partners (“GPs”) and C-corporations that own midstream oil and natural gas assets; floating rate instruments (including loans) and global inflation-linked debt securities. Among the underlying funds in which the fund invests are funds that invest principally in equity securities of issuers of any capitalization, including those of foreign issuers, including emerging markets issuers, and funds that invest principally in debt instruments of any credit quality and maturity designation. Under normal circumstances, the Fund will generally invest in affiliated mutual funds where available to represent the desired asset classes, and unaffiliated mutual funds and/or ETFs to represent the desired asset classes for which affiliated mutual funds are unavailable or deemed not to be appropriate for the Fund. The affiliated mutual funds in which the fund may invest include funds subadvised by the fund’s subadviser, Duff & Phelps Investment Management Co. The Fund’s policy of investing at least 80% of its assets in underlying funds which substantially invest in real assets may be changed only upon 60 days’ written notice to shareholders.
VAABX - Performance
Return Ranking - Trailing
| Period | VAABX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.3% | -23.7% | 16.4% | N/A |
| 1 Yr | 15.3% | -8.9% | 48.3% | 4.72% |
| 3 Yr | N/A* | -2.2% | 16.4% | 19.15% |
| 5 Yr | N/A* | -0.7% | 13.4% | 25.00% |
| 10 Yr | N/A* | 0.9% | 11.8% | 81.62% |
* Annualized
Return Ranking - Calendar
| Period | VAABX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 2.4% | -40.8% | 20.6% | N/A |
| 2022 | N/A | -21.0% | 24.5% | N/A |
| 2021 | N/A | -24.2% | 27.8% | N/A |
| 2020 | N/A | -23.1% | 11.7% | N/A |
| 2019 | N/A | -100.0% | 20.6% | N/A |
Total Return Ranking - Trailing
| Period | VAABX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 13.3% | -23.7% | 16.4% | N/A |
| 1 Yr | 15.3% | -12.8% | 48.3% | 4.45% |
| 3 Yr | N/A* | -3.4% | 16.4% | 16.38% |
| 5 Yr | N/A* | -1.1% | 13.4% | 23.57% |
| 10 Yr | N/A* | 0.9% | 11.8% | 80.94% |
* Annualized
Total Return Ranking - Calendar
| Period | VAABX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 5.0% | -40.8% | 20.6% | N/A |
| 2022 | N/A | -21.0% | 24.5% | N/A |
| 2021 | N/A | -24.2% | 27.8% | N/A |
| 2020 | N/A | -23.1% | 11.7% | N/A |
| 2019 | N/A | -2.9% | 23.1% | N/A |
NAV & Total Return History
VAABX - Holdings
Concentration Analysis
| VAABX | Category Low | Category High | VAABX % Rank | |
|---|---|---|---|---|
| Net Assets | 17.7 M | 1.12 M | 110 B | 93.52% |
| Number of Holdings | 11 | 2 | 10961 | 93.32% |
| Net Assets in Top 10 | 20.5 M | -31.7 M | 22 B | 80.38% |
| Weighting of Top 10 | 97.56% | 10.8% | 100.0% | 3.10% |
Top 10 Holdings
- Virtus Duff Phelps Global Real Estate Securities Fund 27.24%
- Virtus Duff Phelps Global Infrastructure Fund 27.09%
- Virtus Duff Phelps Select MLP and Energy Fund 16.05%
- SPDR SP Global Natural Resources ETF 9.07%
- Invesco DB Commodity Index Tracking Fund 5.48%
- VanEck Gold Miners ETF/USA 4.19%
- Virtus Newfleet Senior Floating Rate Fund 2.87%
- Virtus Duff Phelps Water Fund 2.40%
- Schwab US TIPS ETF 1.68%
- Virtus Duff Phelps Clean Energy ETF 1.50%
Asset Allocation
| Weighting | Return Low | Return High | VAABX % Rank | |
|---|---|---|---|---|
| Stocks | 98.92% | -45.72% | 98.42% | 22.55% |
| Cash | 1.08% | -97.12% | 185.58% | 26.10% |
| Preferred Stocks | 0.00% | -0.03% | 14.00% | 75.78% |
| Other | 0.00% | -1.25% | 197.12% | 12.94% |
| Convertible Bonds | 0.00% | 0.00% | 25.49% | 81.63% |
| Bonds | 0.00% | -39.76% | 93.84% | 86.85% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | VAABX % Rank | |
|---|---|---|---|---|
| Real Estate | 32.62% | 0.00% | 90.14% | 8.92% |
| Energy | 29.99% | 0.00% | 38.61% | 2.76% |
| Utilities | 14.45% | 0.00% | 40.29% | 8.28% |
| Basic Materials | 10.17% | 0.00% | 60.23% | 14.01% |
| Industrials | 9.12% | 0.09% | 32.39% | 71.13% |
| Consumer Cyclical | 1.23% | 0.00% | 20.84% | 93.21% |
| Consumer Defense | 0.88% | 0.00% | 31.85% | 92.57% |
| Communication Services | 0.87% | 0.00% | 28.59% | 92.57% |
| Technology | 0.67% | 0.00% | 39.48% | 91.30% |
| Healthcare | 0.00% | 0.00% | 30.30% | 93.42% |
| Financial Services | 0.00% | 0.00% | 30.34% | 93.63% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | VAABX % Rank | |
|---|---|---|---|---|
| US | 98.92% | -4.82% | 95.75% | 15.66% |
| Non US | 0.00% | -46.69% | 57.06% | 48.85% |
VAABX - Expenses
Operational Fees
| VAABX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.36% | 0.16% | 2.71% | 58.25% |
| Management Fee | 0.00% | 0.00% | 1.70% | 0.21% |
| 12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
| Administrative Fee | 0.10% | 0.01% | 0.70% | 52.63% |
Sales Fees
| VAABX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.75% | N/A |
| Deferred Load | N/A | 1.00% | 5.50% | N/A |
Trading Fees
| VAABX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| VAABX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | N/A | 0.00% | 441.00% | N/A |
VAABX - Distributions
Dividend Yield Analysis
| VAABX | Category Low | Category High | VAABX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 0.00% | 0.00% | 10.92% | 45.11% |
Dividend Distribution Analysis
| VAABX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | SemiAnnual | Annually | Monthly | Monthly |
Net Income Ratio Analysis
| VAABX | Category Low | Category High | VAABX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | N/A | -5.20% | 6.33% | N/A |
Capital Gain Distribution Analysis
| VAABX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Dec 20, 2023 | $0.325 | OrdinaryDividend |
| Dec 21, 2022 | $0.222 | OrdinaryDividend |
VAABX - Fund Manager Analysis
Managers
David Grumhaus
Start Date
Tenure
Tenure Rank
Feb 29, 2020
2.25
2.3%
David Grumhaus is President and Chief Investment Officer of Duff & Phelps Investment Management Co. Mr. Grumhaus oversees all of the firm’s investment strategies, chairs the firm’s investment meetings, leads the executive committee and directs strategic initiatives and resource planning. Mr. Grumhaus is also a Senior Portfolio Manager for the firm’s Energy Infrastructure strategies. Mr. Grumhaus has over two decades of experience working in the investment management industry. Prior to joining Duff & Phelps in 2014, Mr. Grumhaus served as a Portfolio Manager and Director of Research for Copia Capital, an Energy and Utility focused hedge fund. He previously worked as an investment banker for Goldman, Sachs & Co. and William Blair & Company, LLC. Mr. Grumhaus holds a BA in History, cum laude, from Princeton University and an MBA from Harvard Graduate School of Business Administration, where he was a George F. Baker scholar. In addition, he is a member of the Investment Committee at the Ann and Robert H. Lurie Children's Hospital of Chicago and serves as Board President of the Beyond Sports Foundation. Mr. Grumhaus served as an Alderman and finance chair for City of Lake Forest, IL from 2005 - 2011. Significant roles and professional affiliations • Member of the Investment Committee at Ann and Robert H. Lurie Children's Hospital of Chicago • Former Alderman and finance chair for City of Lake Forest, IL (2005 - 2011)
Steven Wittwer
Start Date
Tenure
Tenure Rank
Feb 29, 2020
2.25
2.3%
Steven Wittwer, Senior Managing Director, is the Head of the Infrastructure Group and a Senior Portfolio Manager for the firm’s Global Listed Infrastructure Strategy. Mr. Wittwer joined the firm in 2017 as a Senior Analyst and concentrated his research on the global communications, transportation, and utilities sectors. Prior to joining Duff & Phelps, Mr. Wittwer was a Portfolio Manager and Senior Equity Analyst at Great Lakes Advisors in Chicago. He also previously worked for UBS Global Asset Management for 14 years in various capacities, including functioning as the Global Head of their Global Telecom team, conducting research in the U.S., Asia, and Europe, and serving as a key participant on the UBS Global Technology team. He holds a BBA in Accounting from the Wisconsin School of Business, University of Wisconsin, and an MBA in Finance from the Ross School of Business, University of Michigan-Ann Arbor. He is a Chartered Financial Analyst (CFA) and a Certified Public Accountant (CPA, inactive).
Daniel Petrisko
Start Date
Tenure
Tenure Rank
Feb 29, 2020
2.25
2.3%
Daniel Petrisko, CFA, serves as Executive Managing Director and Senior Portfolio Manager at Duff & Phelps. He is responsible for oversight and management of institutional and retail fixed income and passive equity products, in addition to leverage financing for the Duff & Phelps closed-end funds. Prior to joining Duff & Phelps in 1995, Mr. Petrisko held positions in the treasury and investment areas of Citibank. Mr. Petrisko holds a BA degree from St. Xavier University and an MBA from DePaul University.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.03 | 30.27 | 6.52 | 9.25 |
