PHRCX – Virtus Duff & Phelps Real Estate Secs C Investment Strategy | Morningstar

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Strategy

The investment seeks capital appreciation and income with approximately equal emphasis. 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.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PHRIX	Virtus Duff & Phelps Real Estate Securities Fund Class I	Institutional	Open			Dec 29, 2006	$106.26M	0.990%	Above Average	$100,000	−$18.33M
PHRAX	Virtus Duff & Phelps Real Estate Securities Fund Class A	Front Load	Open			Mar 1, 1995	$82.88M	1.240%	Average	$2,500	−$13.31M
PHRCX	Virtus Duff & Phelps Real Estate Securities Fund Class C	Level Load	Closed			Jul 25, 2003	$2.50M	1.990%	Average	$2,500	−$405,279.26
VRREX	Virtus Duff & Phelps Real Estate Securities Fund Class R6	Retirement, Large	Open			Nov 12, 2014	$143.72M	0.790%	Below Average	$0	−$8.70M

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