Virtus Duff & Phelps Global Real Estate Securities Fund Class A
VGSAX
NASDAQ- -
USD
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Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Real Estate
- Industry
- Real Estate - General
- Address
- 101 Munson Street DE United States of America
- IPO Date
- Mar 3, 2009
- CIK
- 0001005020
- Website
- virtus.com
- Similar Companies
- Business
- Virtus Duff & Phelps Global Real Estate Securities Fund Class A (VGSAX) is an open-end mutual fund that seeks attractive long-term capital appreciation and income by investing primarily in global equity securities of real estate companies, with a focus on high-quality commercial real estate owner/operators generating revenues from recurring rental income; the fund employs a disciplined bottom-up investment process combining qualitative and quantitative analysis to select 50-70 securities, including real estate investment trusts (REITs) and real estate operating companies across sectors such as residential, healthcare, retail, diversified, industrial, data centers, self-storage, office, specialty, and lodging/resorts. Core holdings as of late 2025 include Welltower Inc., Prologis Inc., Equinix Inc., Digital Realty Trust Inc., and AvalonBay Communities Inc., representing approximately 27% of the portfolio; the fund maintains mid-cap blend characteristics with an average weighted market cap of $36.79 billion, a portfolio allocation of roughly 62% U.S. stocks, 35% non-U.S. stocks (with exposure to Eurozone, Japan, Australasia, and the United Kingdom), and minor cash positions, alongside a net expense ratio of 1.24% and a 5.50% front-end load. It targets institutional and individual investors seeking diversification benefits from global real estate's historically lower correlations to traditional equities and bonds, lower volatility through high-conviction holdings, and exposure to inflation-hedging rental revenues. Launched on March 2, 2009, and domiciled in the United States with total net assets of approximately $399 million (Class A share class at $22 million), the fund is managed by Geoffrey P. Dybas, CFA (Executive Managing Director and Head of Real Estate since 2009), and Frank J. Haggerty, Jr., CFA (Senior Portfolio Manager since 2009), under Duff & Phelps Investment Management Co., a Virtus Investment Partners, Inc. affiliate founded in 1932 and headquartered in Chicago. In a significant recent operational change, effective January 21, 2026, Class C shares of the fund will no longer be available for purchase by new or existing shareholders, as announced in the latest prospectus supplement. The fund operates within the broader Virtus ecosystem, which in December 2025 completed the acquisition of a 35% minority interest in Crescent Cove Advisors, LP, to expand private markets capabilities in direct lending to high-growth technology companies, though this does not directly impact VGSAX. No major acquisitions, funding rounds, or strategic shifts specific to the fund itself have been reported in the last 1-2 years.