Regan Floating Rate MBS ETF (NYSE: MBSF) Surpasses $100 Million in Assets
Regan Capital's Regan Floating Rate MBS ETF (NYSE: MBSF) has surpassed $100 million in assets six months after its launch on February 28, 2024. The actively managed ETF primarily invests in floating rate Agency Residential Mortgage-Backed Securities (RMBS), offering potential for higher yields than traditional Treasury bonds. MBSF's portfolio adjusts based on the Secured Overnight Financing Rate (SOFR), potentially performing well in both declining and rising interest rate environments.
Key performance metrics include:
- Total return of 4.13% based on NAV since launch through August 31, 2024
- Year-to-date performance of 2.88% based on NAV as of June 30, 2024
- Total Annual Fund Operating Expense of 0.49%
Regan Capital, managing approximately $1.8 billion in assets, sees MBSF as a compelling opportunity for investors to diversify their cash allocation into agency RMBS, offering potential for high yield and liquidity.
Il Regan Floating Rate MBS ETF (NYSE: MBSF) di Regan Capital ha superato i 100 milioni di dollari in attività sei mesi dopo il suo lancio il 28 febbraio 2024. Questo ETF gestito attivamente investe principalmente in titoli garantiti da mutui residenziali a tasso variabile, offrendo il potenziale per rendimenti superiori rispetto ai tradizionali titoli di Stato. Il portafoglio di MBSF si adatta in base al Secured Overnight Financing Rate (SOFR), con la possibilità di performare bene sia in contesti di tasso d'interesse in calo sia in aumento.
I principali indicatori di performance includono:
- Rendimento totale del 4,13% basato sul NAV dal lancio fino al 31 agosto 2024
- Performance da inizio anno del 2,88% basata sul NAV al 30 giugno 2024
- Spese operative annuali totali del fondo dello 0,49%
Regan Capital, che gestisce circa 1,8 miliardi di dollari in attività, vede in MBSF un'opportunità interessante per gli investitori di diversificare la loro allocazione di liquidità in Agency RMBS, offrendo il potenziale di alti rendimenti e liquidità.
El Regan Floating Rate MBS ETF (NYSE: MBSF) de Regan Capital ha superado los 100 millones de dólares en activos seis meses después de su lanzamiento el 28 de febrero de 2024. Este ETF gestionado activamente invierte principalmente en valores respaldados por hipotecas residenciales a tasa flotante, ofreciendo el potencial de mayores rendimientos que los bonos del Tesoro tradicionales. La cartera de MBSF se ajusta en función de la Tasa de Financiación Garantizada Overnight (SOFR), y puede funcionar bien tanto en entornos de tasas de interés en descenso como en ascenso.
Los principales indicadores de rendimiento incluyen:
- Rendimiento total del 4,13% basado en NAV desde el lanzamiento hasta el 31 de agosto de 2024
- Rendimiento acumulado del 2,88% basado en NAV al 30 de junio de 2024
- Gastos operativos anuales totales del fondo del 0,49%
Regan Capital, que gestiona aproximadamente 1,8 mil millones de dólares en activos, considera que MBSF es una oportunidad atractiva para que los inversores diversifiquen su asignación de efectivo en Agency RMBS, ofreciendo el potencial de altos rendimientos y liquidez.
레건 캐피탈의 레건 플로팅 레이트 MBS ETF (NYSE: MBSF)는 2024년 2월 28일 출시된 지 6개월 만에 자산이 1억 달러를 초과했습니다. 이 적극적으로 관리되는 ETF는 주로 변동 금리 주택 담보 대출 증권에 투자하며, 전통적인 국채보다 더 높은 수익 잠재력을 제공합니다. MBSF의 포트폴리오는 안전한 불과 조정 비율(SOFR)에 따라 조정되며, 금리가 상승하거나 하락하는 환경 모두에서 잘 수행될 수 있습니다.
주요 성과 지표는 다음과 같습니다:
- 2024년 8월 31일까지 출시 이후 NAV 기준으로 4.13%의 총 수익률
- 2024년 6월 30일 기준 NAV에 따른 연초 대비 성과 2.88%
- 펀드 연간 총 운영 비용 0.49%
레건 캐피탈은 약 18억 달러의 자산을 관리하고 있으며, MBSF를 투자자들이 에이전시 RMBS에 현금 할당을 다양화할 수 있는 매력적인 기회로 보고 있으며, 높은 수익성과 유동성을 제공합니다.
Le Regan Floating Rate MBS ETF (NYSE: MBSF) de Regan Capital a dépassé 100 millions de dollars d'actifs six mois après son lancement le 28 février 2024. Cet ETF géré activement investit principalement dans des titres adossés à des créances hypothécaires résidentielles à taux flottant, offrant un potentiel de rendements plus élevés que les obligations du Trésor traditionnelles. Le portefeuille de MBSF s'ajuste en fonction du Secured Overnight Financing Rate (SOFR), ce qui lui permet de bien performer aussi bien dans des environnements de taux d'intérêt en baisse qu'en hausse.
Les principaux indicateurs de performance incluent :
- Un rendement total de 4,13 % basé sur NAV depuis le lancement jusqu'au 31 août 2024
- Une performance depuis le début de l'année de 2,88 % basée sur NAV au 30 juin 2024
- Des frais de fonctionnement annuels totaux du fonds de 0,49 %
Regan Capital, qui gère environ 1,8 milliard de dollars d'actifs, considère que MBSF représente une opportunité intéressante pour les investisseurs de diversifier leur allocation de liquidités dans les Agency RMBS, offrant un potentiel de rendement élevé et de liquidité.
Der Regan Floating Rate MBS ETF (NYSE: MBSF) von Regan Capital hat sechs Monate nach seiner Einführung am 28. Februar 2024 die 100 Millionen Dollar-Marke an Vermögenswerten überschritten. Der aktiv verwaltete ETF investiert hauptsächlich in variabel verzinsliche Agency Residential Mortgage-Backed Securities (RMBS) und bietet die Möglichkeit, höhere Renditen als traditionelle Staatsanleihen zu erzielen. Das Portfolio von MBSF passt sich an den Secured Overnight Financing Rate (SOFR) an und kann sowohl in einem Umfeld sinkender als auch steigender Zinsen gut abschneiden.
Wichtige Leistungskennzahlen umfassen:
- Gesamt-Rendite von 4,13% basierend auf NAV seit dem Start bis zum 31. August 2024
- Jahresverzinsung von 2,88% basierend auf NAV zum 30. Juni 2024
- Jährliche Betriebskosten des Fonds von 0,49%
Regan Capital, das etwa 1,8 Milliarden Dollar an Vermögenswerten verwaltet, sieht in MBSF eine interessante Möglichkeit für Investoren, ihre Liquiditätsallokation in Agency RMBS zu diversifizieren, mit Potenzial für hohe Renditen und Liquidität.
- MBSF surpassed $100 million in assets within six months of launch
- Total return of 4.13% based on NAV since launch through August 31, 2024
- Year-to-date performance of 2.88% based on NAV as of June 30, 2024
- Potential for higher yields compared to traditional government bonds
- Floating rate structure allows potential performance in both declining and rising interest rate environments
- None.
Agency RMBS can potentially have higher yields than traditional Treasury bonds. MBSF seeks to enhance that spread through the alpha generated from its portfolio that primarily invests in Agency RMBS. MBSF offers a compelling opportunity for investors to diversify their cash allocation into agency RMBS, due to its potential for high yield and liquidity.
"MBSF's success comes at a distinct time, with the Federal Reserve undergoing a significant interest rate policy shift, which we believe could depress yields on traditional government bonds and money markets," said Skyler Weinand, chief investment officer and managing member of Regan Capital and portfolio manager of MBSF. "Agency Residential Mortgage-Backed Securities have the potential to earn higher yields compared to traditional government bonds, while potentially benefiting from the lower credit risk of a
MBSF's portfolio of Agency RMBS have floating rates, which adjust based on the short-term Secured Overnight Financing Rate (SOFR). MBSF has the potential to perform in both declining and rising interest rate environments.
MBSF is Regan Capital's first ETF. In 2020, Regan Capital launched the Regan Total Return Income Fund (RCIRX), a mutual fund which invests across the fixed income market with a focus on mortgage bonds. It was the recipient of the 5-Star Morningstar Rating™, based on risk-adjusted returns for the three-year and overall periods, out of 269 funds in the Nontraditional Bond Category as of 7/31/2024.
MBSF generated a total return of
Quarterly Performance (%) | |||||
As of June 30, 2024 | Note: Returns Greater Than 1 Year are Annualized | ||||
1 Mo | 3 Mo | YTD | 1 Yr | Since Inception (2/27/24) | |
NAV | 0.87 % | 1.91 % | 2.88 % | N/A | 2.88 % |
Market Price | 0.91 % | 1.58 % | 2.83 % | N/A | 2.83 % |
*The Total Annual Fund Operating Expense is . | |||||
NAV Return represents the closing price of underlying securities. Market Return is calculated using the price which investors buy and sell ETF shares in the market. The market returns in the table are based upon the midpoint of the bid/ask spread at 4:00 pm EST, and do not represent the returns you would have received if you traded shares at other times. The performance data quoted represents past performance. Current performance may be lower or higher than the performance data quoted above. Past performance is no guarantee of future results. The investment return and principal value of an investment will fluctuate so that investor's shares, when redeemed, may be worth more or less than their original cost. For performance information current to the most recent month-end, please call toll-free, (844)-988-6273.
For more information, please visit: https://www.regancapital.com/etf-mbsf/
About Regan Capital
Founded in 2011, Regan Capital, LLC is an SEC Registered Investment Adviser. The firm's target investor base includes endowments and foundations, banks and insurance companies, corporate and public pension plans, family offices, high net worth individuals and Registered Investment Advisors. The firm is based in
Regan Capital was founded by Skyler Weinand, who serves as chief investment officer and managing member. Previously, Weinand was head of residential and consumer asset-backed (ABS) securities trading at Cantor Fitzgerald from July 2007 to March 2011. Prior to that, Weinand was responsible for trading a
DISCLOSURES:
Investors should consider the investment objective, risks, and charges and expenses of the Fund(s) before investing. The prospectus contains this and other information about the Fund(s) and should be read carefully before investing. The prospectus may be obtained by calling the Fund toll-free at (844)-988-6273 or at www.regancapital.com/etf-mbsf/.
The Fund's investment objectives, risks, charges and expenses must be considered carefully before investing. The prospectus and summary prospectus contain this and other important information about the investment company and may be obtained by calling 1 -888-44-REGAN. Read carefully before investing. For additional information on the Advisor please call 1 -214-550-1710 or email ir@regancapital.com.
Regan Floating Rate MBS ETF is distributed by Northern Lights Distributors, LLC member FINRA/SIPC. Regan Capital, LLC is not affiliated with Northern Lights Distributors, LLC.
The Regan Total Return Income Fund (RCTRX & RCIRX) is distributed by Quasar Distributors, LLC.
The Regan Floating Rate MBS ETF has a limited history of operations with a launch date of February 28, 2024.
IMPORTANT RISKS: Exchange Traded Fund investing involves risk. Principal loss is possible. Investments in asset-backed and mortgage-backed securities include additional risks that investors should be aware of, including credit risk, prepayment risk, possible illiquidity, and default, as well as increased susceptibility to adverse economic developments. Investments in debt securities typically decrease when interest rates rise. This risk is usually greater for longer-term debt securities. Investments in lower-rated and non-rated securities present a greater risk of loss of principal and interest than higher-rated securities do. The Fund is newly formed and has no operating history. An investment in the Fund is not a deposit of any bank and is not insured or guaranteed by any government agency. There is no guarantee that any investment strategy will achieve its objectives, generate profits, or avoid losses.
The Fund may effect creations and redemptions in cash and therefore may recognize gains that may not have been recognized if it were to distribute portfolio securities in-kind. Investments in shares may be less tax-efficient that an investment in an ETF that distributes portfolio securities entirely in-kind.
Glossary
- Floating Rate: is an investment with interest payments that float or adjust periodically based upon a predetermined benchmark.
- Mortgage-Backed Securities (MBS): Investment products similar to bonds. Each MBS consists of a bundle of home loans and other real estate debt bought from the banks that issued them. Investors in mortgage - backed securities receive periodic payments similar to bond coupon payments.
- Residential Mortgage-Backed Securities (RMBS): RMBS are a type of MBS backed specifically by residential mortgages.
- Treasury Bonds: Treasury bonds are securitized debt issued by the United States Treasury.
- Spread: Excess yield over treasuries.
- Alpha: a risk-adjusted measure of how well a security or portfolio performs compared to the market average return.
- Yield: The annual return on an investment, expressed as a percentage of the price. For bonds, it is the coupon rate divided by the market price, called current yield.
- Secured Overnight Financing Rate (SOFR): a broad measure of the cost of borrowing cash overnight using collateralized Treasury securities.
As of 7/31/2024, the Regan Total Return Income Fund (RCIRX) received a Morningstar Rating of 5 stars (overall and for the three-year time period) out of 269 funds in the Nontraditional Bond Category. The Morningstar Rating for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange -traded funds, closed-end funds, and separate accounts) with at least a three-year history. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. It is calculated based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a managed product's monthly excess performance, placing more emphasis on downward variations and rewarding consistent performance. The top
©2024 Morningstar, Inc. All Rights Reserved. The information herein: (1) is proprietary to Morningstar and/or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance is no guarantee of future results.
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SOURCE Regan Capital
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