Virtus Introduces Virtus Duff & Phelps Real Estate Income ETF

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Key Terms

exchange-traded funds financial

An exchange-traded fund is an investment product that bundles many stocks, bonds, or other assets into a single package that trades on a stock exchange like an individual share; think of it as a ready-made basket you can buy or sell throughout the trading day. For investors it matters because ETFs provide easy access to broad exposure, typically lower costs and built-in diversification, and the ability to adjust positions quickly without buying each asset separately.

equity reits financial

Equity REITs are companies that own and run income-producing real estate—like apartment buildings, shopping centers or office towers—and share the rental income and property value gains with investors. Think of them as a way to own a slice of physical buildings without buying a whole property; they matter to investors because they typically pay regular dividends from rent and provide a way to diversify a portfolio with real assets.

preferred securities financial

Preferred securities are a hybrid claim that sits between stocks and bonds: they usually pay a fixed or regularly scheduled dividend like a bond but represent ownership like a stock. Investors care because preferreds offer steadier income and priority on dividend and bankruptcy payments over common shares, while giving less potential for price gains, making them a choice for income-focused portfolios seeking lower volatility than ordinary equity.

bottom-up investment process technical

An investment approach that starts by studying individual companies—their products, finances, management and competitive position—before considering broader industry or economic trends. It matters to investors because it aims to uncover mispriced or overlooked stocks through detailed, company-level research, much like picking the best apples one by one rather than judging an entire orchard; this can find high-return opportunities but also requires careful diversification to manage company-specific risk.

intrinsic value analysis technical

Intrinsic value analysis is the process of estimating what a company or asset is truly worth by forecasting the money it will generate in the future and converting those future amounts into today’s dollars. Investors use it like inspecting a used car’s likely future repair bills and fuel costs rather than just the price on the sticker: it helps decide whether a stock is underpriced, overpriced, or fairly valued relative to its true economic potential.

portfolio construction technical

Portfolio construction is the process of choosing and combining different investments—such as stocks, bonds, cash, or alternatives—so they work together to meet an investor’s goals while controlling risk. Like assembling a balanced meal or toolkit, it decides how much to put in each category and when to adjust those weights, which directly affects potential returns, ups-and-downs in value, and the likelihood of meeting objectives over time.

reit financial

A real estate investment trust (REIT) is a company that owns, operates, or finances income-producing real estate, like shopping centers, apartments, or office buildings. For investors, REITs offer a way to invest in real estate without having to buy property directly, often providing regular income through dividends. They function like a mutual fund for real estate, making it easier for people to add property investments to their portfolio.

tax-efficient etf wrapper financial

A tax-efficient ETF wrapper is an investment structure that holds an exchange-traded fund inside legal or operational arrangements designed to reduce taxable events for investors. By using methods that avoid frequent taxable sales or shift income into lower-tax forms, it helps investors keep more of their returns—think of it as carrying gains in a sealed container so less leaks out to taxes—improving after-tax performance and long-term compounding.

04/15/2026 - 04:47 PM

Virtus expands its ETF lineup with a differentiated, multi-asset real estate strategy focused on income and risk management

NEW YORK--(BUSINESS WIRE)-- Virtus Investment Partners, Inc. (NYSE: VRTS) has expanded its offerings of distinctive, actively managed exchange-traded funds with the introduction of the Virtus Duff & Phelps Real Estate Income ETF (NYSE Arca: DPRE), managed by Duff & Phelps Investment Management Co. (“Duff & Phelps”). The newly launched fund is the 25^th ETF offered through Virtus’ multi-manager ETF platform, Virtus ETF Solutions.

The Virtus Duff & Phelps Real Estate Income ETF seeks to provide a high level of current income, with capital appreciation as a secondary goal, by investing in an opportunistically balanced portfolio of high-quality equity REITs (60%–80%) and investment-grade, real estate-focused debt and preferred securities (20%–40%). This multi-asset approach is designed to deliver above-average yield potential while mitigating volatility compared with an all-equity REIT portfolio.

The new fund leverages Duff & Phelps’ longstanding expertise in listed real estate. Founded in 1932, Duff & Phelps is a specialized real assets manager with a deep history of active security selection across equity and fixed income real estate markets. The firm employs a bottom-up investment process that emphasizes fundamental research, intrinsic value analysis, and disciplined portfolio construction.

“In a category dominated by passive products, we believe a multi-asset, actively managed approach can provide meaningful benefits to investors seeking income and risk-adjusted returns,” said Frank J. Haggerty, Jr., CFA, senior managing director and senior portfolio manager at Duff & Phelps. “The flexibility to allocate across equity REITs and real estate-focused fixed income allows us to manage volatility while pursuing attractive yield opportunities.”

“We are pleased to feature the real estate sector pedigree of Duff & Phelps in our growing roster of thoughtfully constructed, income-oriented ETFs,” said William J. Smalley, executive managing director, Virtus ETF Solutions. “This addition complements our ETF lineup by offering investors access to a differentiated real estate strategy designed to simultaneously address two key investor concerns today, income and volatility, within a tax-efficient ETF wrapper.”

About Duff & Phelps Management Co.
Duff & Phelps Investment Management Co. is a boutique investment manager that specializes in listed real asset strategies for institutional and individual clients. The firm seeks to provide specialty investment strategies that enhance client outcomes through active portfolio management and customized solutions, utilizing a process with values that include quality, reliability, and specialization. Investment strategies include U.S. and global real estate securities, global listed infrastructure, energy infrastructure, water, and clean energy.

About Virtus ETF Solutions
Virtus ETF Solutions is a multi-manager ETF sponsor that offers actively managed and index-based investment capabilities across multiple asset classes, seeking to deliver a family of complementary ETFs that provide investors access to differentiated investment capabilities from select managers.

About Virtus Investment Partners, Inc.
Virtus Investment Partners (NYSE: VRTS) is a distinctive partnership of boutique investment managers singularly committed to the long-term success of individual and institutional investors. We provide investment products and services from our investment managers, each with a distinct investment style and autonomous investment process, as well as select subadvisers. Investment solutions are available across multiple disciplines and product types to meet a wide array of investor needs. Additional information about our firm, investment partners, and strategies is available at virtus.com.

Risk Considerations
Exchange-Traded Funds (ETFs): The value of an ETF may be more volatile than the underlying portfolio of securities it is designed to track. The costs to the portfolio of owning shares of an ETF may exceed the cost of investing directly in the underlying securities. Issuer Risk: The portfolio will be affected by factors specific to the issuers of securities and other instruments in which the portfolio invests, including actual or perceived changes in the financial condition or business prospects of such issuers. Equity Securities: The market price of equity securities may be adversely affected by financial market, industry, or issuer-specific events. Focus on a particular style or on small, medium, or large-sized companies may enhance that risk. Non-Diversified: The portfolio is not diversified and may be more susceptible to factors negatively impacting its holdings to the extent the portfolio invests more of its assets in the securities of fewer issuers than would a diversified portfolio. Market Price/NAV: At the time of purchase and/ or sale, an investor’s shares may have a market price that is above or below the fund’s NAV, which may increase the investor’s risk of loss. Market Volatility: The value of the securities in the portfolio may go up or down in response to the prospects of individual companies and/or general economic conditions. Local, regional, or global events such as war or military conflict, terrorism, pandemic, or recession could impact the portfolio, including hampering the ability of the portfolio’s manager(s) to invest its assets as intended. Prospectus: For additional information on risks, please see the fund’s prospectus.

Please consider the Fund’s objectives, risks, charges, and expenses before investing. Contact us at 1.888.383.0553 or visit virtus.com for a prospectus, which contains this and other information about the Fund. Read the prospectus carefully before investing.

Not FDIC Insured. May Lose Value. Not Bank Guaranteed.

ETFs distributed by VP Distributors, LLC, member FINRA and subsidiary of Virtus Investment Partners, Inc.