Virtus Duff & Phelps Real Estate Securities Fund
Fund Investments as of : 06/30/2021 (Unaudited) Percentage of Market Value by Sector
Industrial/Office: Industrial Specialty Residential: Apartments Infrastructure REITs Specialty 1.2% Diversified Infrastructure REITs 1.3% Retail: Free Standing Diversified 1.4% Retail: Regional Malls Retail: Free Standing 3.7% Lodging/Resorts Retail: Regional Malls 3.9% Residential: Manufactured Homes Lodging/Resorts 4.5% Single Family Homes Residential: Manufactured Homes 4.7% Retail: Shopping Centers Single Family Homes 5.6% Data Centers Self Storage Retail: Shopping Centers 6.2% Health Care Industrial/Office: Office Self Storage 7.9% Industrial/Office: Office 9.1% Health Care 10.2% Data Centers 11.9% Residential: Apartments 13.7% Industrial/Office: Industrial 14.5% Total: 100.0%
Specialty 1.16%
Security Name Market Value
VICI Properties Inc $6,104,736
Real Estate Total Market Value: $6,104,736
Infrastructure REITs 1.26%
Security Name Market Value
SBA Communications Corp $6,597,090
Real Estate Total Market Value: $6,597,090
Diversified 1.39%
Security Name Market Value
VEREIT Inc $7,315,730
Real Estate Total Market Value: $7,315,730
Retail: Free Standing 3.74%
Security Name Market Value
Spirit Realty Capital Inc $14,968,801 STORE Capital Corp $4,670,929
Real Estate Total Market Value: $19,639,730
Page 1 Retail: Regional Malls 3.95%
Security Name Market Value
Simon Property Group Inc $20,712,526
Real Estate Total Market Value: $20,712,526
Lodging/Resorts 4.53%
Security Name Market Value
Host Hotels & Resorts Inc $11,103,270 RLJ Lodging Trust $6,040,294 Ryman Hospitality Properties Inc $6,605,794
Real Estate Total Market Value: $23,749,358
Residential: Manufactured Homes 4.74%
Security Name Market Value
Sun Communities Inc $24,864,141
Real Estate Total Market Value: $24,864,141
Single Family Homes 5.62%
Security Name Market Value
American Homes 4 Rent $19,471,620 Invitation Homes Inc $10,022,060
Real Estate Total Market Value: $29,493,680
Retail: Shopping Centers 6.23%
Security Name Market Value
Brixmor Property Group Inc $14,559,322 Regency Centers Corp $11,769,659 Weingarten Realty Investors $6,337,032
Real Estate Total Market Value: $32,666,013
Self Storage 7.86%
Security Name Market Value
CubeSmart $21,744,924 Extra Space Storage Inc $19,515,713
Real Estate Total Market Value: $41,260,637
Industrial/Office: Office 9.15%
Security Name Market Value
Alexandria Real Estate Equities Inc $15,762,190
Page 2 Boston Properties Inc $8,124,431 Cousins Properties Inc $14,881,298 Douglas Emmett Inc $9,234,338
Real Estate Total Market Value: $48,002,257
Health Care 10.24%
Security Name Market Value
Healthcare Trust of America Inc $12,532,980 Healthpeak Properties Inc $17,730,254 Welltower Inc $23,482,398
Real Estate Total Market Value: $53,745,632
Data Centers 11.90%
Security Name Market Value
CyrusOne Inc $15,997,451 Equinix Inc $46,415,161
Real Estate Total Market Value: $62,412,611
Residential: Apartments 13.74%
Security Name Market Value
Apartment Income REIT Corp $14,816,895 AvalonBay Communities Inc $23,313,803 Equity Residential $14,110,558 Mid-America Apartment Communities Inc $19,853,350
Real Estate Total Market Value: $72,094,606
Industrial/Office: Industrial 14.49%
Security Name Market Value
Duke Realty Corp $24,536,439 Prologis Inc $44,075,970 Rexford Industrial Realty Inc $7,410,619
Real Estate Total Market Value: $76,023,028
Page 3 Total Invested Assets: $524,681,775
This fund is actively managed and current holdings may be different. The fund holdings listing provided here is not part of the fund's annual/semiannual report or Form NPORT-EX. The most recent annual/semiannual report can be viewed at www.virtus.com. Forms NPORT-EX are available at the SEC's website at www.sec.gov. The information provided in this listing may differ from a fund's holdings disclosed in it's annual/semiannual report and Form NPORT-EX. Please carefully consider the investment objectives, risks, charges, and expenses of the Fund before investing. For this and other information about any Virtus mutual fund, call 1-800-243-4361 or visit www.virtus.com for a prospectus and/or summary prospectus. Read the prospectus and/or summary prospectus carefully before you invest or send money.
Mutual funds distributed by VP Distributors, LLC.
Page 4