Fund Evaluator:
Virtus Duff & Phelps Global Infras I (PGIUX)
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Best Performing in Infrastructure Over the Last Year
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Fund Details
Virtus Duff & Phelps Global Infras I Overview
Virtus Duff & Phelps Global Infras I (PGIUX) is an actively managed Sector Equity Infrastructure fund. Virtus launched the fund in 2008.
The investment seeks capital appreciation and current income. The fund invests globally in infrastructure companies involved in the energy, utility, transportation, and communications industries. Under normal market conditions, it invests at least 80% of its assets in dividend paying equity securities of infrastructure companies that are located in three or more countries, one of which will be the United States. Under normal market conditions, the fund will invest at least 25% of its assets in securities of U.S. issuers.
About Virtus Duff & Phelps Global Infras I (PGIUX)
There are 2 members of the management team with an average tenure of 5.13 years: Steven Wittwer (2018), Rodney Clayton (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and FTSE Dvlp Core Infra 50/50 NR USD index with a weighting of 100%. Virtus Duff & Phelps Global Infras I has 61 securities in its portfolio. The top 10 holdings constitute 38.0% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Virtus Duff & Phelps Global Infras I is part of the Equity global asset class and is within the Sector Equity fund group. Virtus Duff & Phelps Global Infras I has 40.2% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 58.5%. There is 40.2% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Virtus Duff & Phelps Global Infras I has 1.4% of the portfolio in cash.
Assets Under Management
The fund has $134 million in total assets, which is below the $319 million average for the Infrastructure category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
PGIUX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Virtus Duff & Phelps Global Infras I expense ratio is high compared to funds in the Infrastructure category. Virtus Duff & Phelps Global Infras I has an expense ratio of 1.01%, which is 15% lower than its category average, making the fund expense ratio grade a C. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Virtus Duff & Phelps Global Infras I has a portfolio turnover rate of 51%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 56% for the Infrastructure category.
Recently, in the month of July 2026, Virtus Duff & Phelps Global Infras I returned 0.4%, which earned it a grade of B, as the Infrastructure category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Virtus Duff & Phelps Global Infras I has a trailing yield of 1.72%, which is below the 1.93% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Virtus Duff & Phelps Global Infras I Grades
Year to date, the fund has returned 12.3%, 2.0 percentage points better than the category, which translates into a grade of B. The fund has returned 17.1% over the past year (grade of B), 12.5% over the past three years (grade of C) and 7.4% per year over the past five years (grade of D) and 7.5% per year over the past 10 years (grade of C).
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PGIUX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| PGIUX Return (NAV) | 0.4% | -0.9% | 17.1% | 12.5% | 7.4% | 7.5% |
| PGIUX Grade | B | A | B | C | D | C |
| +/- Category | 0.8% | 1.8% | 1.9% | -0.3% | -0.4% | -0.1% |
| Infrastructure Avg | -0.3% | -2.8% | 15.2% | 12.7% | 7.9% | 7.6% |
| PGIUX Tax Cost Ratio | na | na | 2.5% | 1.8% | 2.0% | 1.7% |
PGIUX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| PGIUX Return (NAV) | 12.3% | 16.5% | 9.5% | 1.2% | -7.5% | 13.9% | -0.3% | 28.2% | -6.3% | 18.1% | 11.7% |
| PGIUX Grade | B | C | C | F | D | D | B | B | B | C | A |
| +/- Category | 2.0% | -1.8% | 0.4% | -3.0% | -0.9% | -0.5% | 0.3% | 1.1% | 1.2% | 1.1% | 2.8% |
| Infrastructure Avg | 10.3% | 18.3% | 9.0% | 4.2% | -6.6% | 14.5% | -0.6% | 27.1% | -7.5% | 17.1% | 8.8% |
| Risk Measures | |
| Standard Deviation: | 13.2% |
| Total Risk Index: | 1.07 - Above Average |
| Category Risk Index: | 0.99 - Average |
| Category Risk Grade: | C (55% Rank) |
| Beta: | 0.61 |
| R-Squared: | 34% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | Mid-Cap Value |
| Bond Investment Style: | na |
| Yield: | 1.7% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $175 Mil |
| Fund Total Assets: | $ 134 Mil |
| Share Class Type: | Inst |
| Portfolio Turnover: | 51% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 7.8 years | |||
| Average Tenure: 5.1 years | |||
| Managers (Year): Wittwer Steven (2018), Clayton Rodney (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 61 |
| % in Top 10 Holdings: | 38.0% |
| Fund is Non-Diversified: | No |
| % in Foreign Issues: | 40.2% |
Portfolio Allocation |
|
| Domestic Stock: | 58.5% |
| Foreign Stock: | 40.2% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | 0.0% |
| Foreign Bond: | 0.0% |
| Convertible Bond: | 0.0% |
| Other: | 0.0% |
| Cash: | 1.4% |
Purchase Information
| Fund Family: | Virtus |
| Phone Number: | 800-243-1574 |
| Website: | www.virtus.com |
| Status: | Open |
| Inception Date: | June 6, 2008 |
| Min. Initial Purchase: | $100,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | Yes |
| Front Load Maximum: | 0.00% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | na |
Expenses and Fees | |
| Expense Ratio (%): | 1.01% ( Rating : High ) |
| Category Average Expense Ratio (%): | 1.19% |
| Share Class: | Virtus Duff & Phelps Global Infras A |
| Min. Subsequent Purchase: | $ 0 |
| Min. Subsequent IRA Purchase: | $ 0 |
