Investment objective & strategy
As of Jan. 23, 2026 · prospectusObjective. The fund has an investment objective of long-term capital appreciation.
Strategy. 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 funds subadviser expects that over the long term, a multi-strategy real asset portfolio will mitigate the impact of inflation on the funds 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 … 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 funds subadviser expects that over the long term, a multi-strategy real asset portfolio will mitigate the impact of inflation on the funds 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 funds subadviser, Duff & Phelps Investment Management Co. The Funds 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.
Top holdings
As of March 31, 2026 · N-PORT| Security | Ticker | Value | % of fund |
|---|---|---|---|
| Virtus Duff & Phelps Global Infrastructure Fund | VGIRX | $15.98M | 32.82% |
| Virtus Duff & Phelps Global Real Estate Securities Fund | VRGEX | $12.37M | 25.41% |
| Virtus Duff & Phelps Select MLP and Energy Fund | VLPIX | $5.99M | 12.30% |
| State Street SPDR S&P Global Natural Resources ETF | GNR | $4.10M | 8.42% |
| Virtus Duff & Phelps Water Fund | AWTIX | $2.47M | 5.07% |
| VANECK GOLD MINERS ETF/USA CL USD INC 0.00000000 | GDX | $1.82M | 3.73% |
| Virtus Duff & Phelps Clean Energy ETF | VCLN | $1.73M | 3.55% |
| INVESCO DB COMMODITY INDEX TRACKING FUND | DBC | $1.70M | 3.50% |
| SCHWAB U.S. TIPS ETF MUTUAL FUND | SCHP | $1.18M | 2.43% |
| Virtus Newfleet Senior Floating Rate Fund | VRSFX | $774.94K | 1.59% |
Portfolio moves
Dec 31, 2025 → Mar 31, 2026How many positions this fund opened, exited, grew, trimmed, or left unchanged between its two most recent N-PORT snapshots — net changes between point-in-time reports, not a trade log.
Similar funds
Funds whose portfolios most overlap this one, by weight| Fund | Overlap | Net exp. |
|---|---|---|
| State Street(R) Multi-Asset Real Return ETF · RLY | 8% | 0.50% |
| Wellington Shields All-Cap Fund · WSACX | 4% | 1.32% |
| Cambria Global Momentum ETF · GMOM | 4% | 1.01% |
Footnotes
- Expense ratio as of January 23, 2026, from the fund's prospectus.
- Net assets and holdings count as of March 31, 2026, from the fund's N-PORT filing.
- Total return for calendar year 2025, before tax and after fund expenses. As reported in the fund's prospectus performance bar chart.
Machine-readable: JSON · Markdown. Programmatic access via the agent surface.