Mutual Fund (RCIRX)

REGAN TOTAL RETURN INCOME FUND

Institutional Share Class

RCIRX | RCTRX
Updated NAV
11/29/2022 $9.25
Performance through 10/31/2022
1 Month3 Months6 Months9 MonthsCalendar YTD1 YearSince InceptionInception
-1.18%-2.16%-3.20%-4.11%-3.92%-3.56%11.73%10/01/2020
Performance as of the most recent quarter-end 9/30/2022
Q3 20221 YearSince Inception
-0.67%-1.65%13.07%

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted.

 

 

Dividends and Distributions

Record Date: September 29, 2022

Reinvestment Date: September 30, 2022

Ordinary Income Dividends1.17%
Capital Gain Distributions (long-term)-
Capital Gain Distributions (short-term)-

 

Record Date: June 28, 2022

Reinvestment Date: June 29, 2022

Ordinary Income Dividends1.50%
Capital Gain Distributions (long-term)-
Capital Gain Distributions (short-term)-

 

Record Date: March 29, 2022

Reinvestment Date: March 30, 2022

Ordinary Income Dividends0.78%
Capital Gain Distributions (long-term)-
Capital Gain Distributions (short-term)-

 

Record Date: December 30, 2021

Reinvestment Date: December 31, 2021

Ordinary Income Dividends4.67%
Capital Gain Distributions (long-term)-
Capital Gain Distributions (short-term)0.22%

 

Record Date: September 29, 2021

Reinvestment Date: September 30, 2021

Ordinary Income Dividends1.31%
Capital Gain Distributions (long-term)-
Capital Gain Distributions (short-term)-

 

Record Date: June 29, 2021

Reinvestment Date: June 30, 2021

Ordinary Income Dividends1.83%
Capital Gain Distributions (long-term)-
Capital Gain Distributions (short-term)-

 

Record Date: March 30, 2021

Reinvestment Date: March 31, 2021

Ordinary Income Dividends3.18%
Capital Gain Distributions (long-term)-
Capital Gain Distributions (short-term)-

 

Record Date: December 29, 2020

Reinvestment Date:  December 30, 2020

Ordinary Income Dividends4.6%
Capital Gain Distributions (long-term)-
Capital Gain Distributions (short-term)0.6%

 

Overview

The Regan Total Return Income Fund is a solution for investors seeking relatively high current income, while minimizing duration and credit risk. By focusing on high quality, senior Non-Agency bonds and actively trading, this strategy seeks to outperform traditional total return strategies with less credit risk and lower duration.

Investment Objective:
Seeks to provide a high level of risk-adjusted current income and capital appreciation

Portfolio may include:

  • Residential Mortgage-Backed
    Securities (“RMBS”), including both
    agency guaranteed and non-agency
  • Other debt instruments, including:
    – Asset-backed securities
    – Securities of other fixed-income investment companies
    – US Government Obligations
Fund Facts
Distributions:Quarterly
Liquidity:Daily
Distributor:Quasar Distributors, LLC
Custodian:U.S. Bank National Association
Transfer Agent:U.S. Bancorp Fund Services, LLC
Legal Counsel:Morgan, Lewis & Bockius LLP
Management Fee:0.89%
Gross Expense Ratio:2.57%
Net Expense Ratio:1.31%
Minimum Investment:$100,000
Fund Highlights

Senior

US RMBS

Seeks High

Current Income

Low

Duration

Limited

Credit Risk

Quarterly

Distributions

Investment Team

Skyler Weinand, CFA

Managing Partner
19 Years Industry Experience

Chris Hall

Senior Portfolio Manager
18 Years Industry Experience