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Regan Capital Announces Fee Reduction for Regan Total Return Income Fund (RCIRX)

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Regan Capital, managing over $2.2 billion in assets, announced a fee reduction for its Regan Total Return Income Fund (RCIRX). Effective January 31, 2025, the fund's Management Fee will decrease from 0.89% to 0.85%, and the Expense Cap will drop from 1.20% to 0.99%.

The fund, which focuses on high-quality, discounted mortgage bonds and active trading, recently surpassed $1 billion in assets, reaching $1.13 billion as of January 29, 2025. RCIRX has demonstrated strong performance, generating a total return of 31.17% since its October 1, 2020 inception, while the Bloomberg U.S. Aggregate Bond TR Index declined by 7.87% during the same period.

Regan Capital, che gestisce oltre 2,2 miliardi di dollari in attivi, ha annunciato una riduzione delle commissioni per il suo Regan Total Return Income Fund (RCIRX). A partire dal 31 gennaio 2025, la Commissione di Gestione del fondo scenderà dallo 0,89% allo 0,85%, mentre il Limite delle Spese diminuirà dall'1,20% allo 0,99%.

Il fondo, che si concentra su obbligazioni ipotecarie di alta qualità scontate e sul trading attivo, ha recentemente superato il miliardo di dollari in attivi, raggiungendo 1,13 miliardi di dollari al 29 gennaio 2025. RCIRX ha dimostrato un'ottima performance, generando un rendimento totale del 31,17% dalla sua creazione il 1° ottobre 2020, mentre l'Indice Bloomberg U.S. Aggregate Bond TR è sceso del 7,87% nello stesso periodo.

Regan Capital, que gestiona más de 2.2 mil millones de dólares en activos, anunció una reducción de tarifas para su Regan Total Return Income Fund (RCIRX). A partir del 31 de enero de 2025, la tarifa de gestión del fondo disminuirá del 0.89% al 0.85%, y el límite de gastos caerá del 1.20% al 0.99%.

El fondo, que se enfoca en bonos hipotecarios de alta calidad a precios descontados y en el comercio activo, recientemente superó los 1 mil millones de dólares en activos, alcanzando los 1.13 mil millones de dólares al 29 de enero de 2025. RCIRX ha demostrado un rendimiento sólido, generando un retorno total del 31.17% desde su inicio el 1 de octubre de 2020, mientras que el índice Bloomberg U.S. Aggregate Bond TR disminuyó un 7.87% durante el mismo período.

Regan Capital는 22억 달러 이상의 자산을 관리하며, Regan Total Return Income Fund (RCIRX)의 수수료 인하를 발표했습니다. 2025년 1월 31일부로, 펀드의 관리 수수료는 0.89%에서 0.85%로 감소하고, 비용 한도는 1.20%에서 0.99%로 떨어집니다.

고품질 할인가격의 모기지 채권 및 적극적인 거래에 중점을 둔 이 펀드는 최근 10억 달러의 자산을 넘어서 2025년 1월 29일 기준으로 11억 3천만 달러에 도달했습니다. RCIRX는 2020년 10월 1일 설립 이후 총 31.17%의 수익률을 기록하며 좋은 성과를 보였고, 같은 기간 동안 Bloomberg U.S. Aggregate Bond TR 지수는 7.87% 감소했습니다.

Regan Capital, qui gère plus de 2,2 milliards de dollars d'actifs, a annoncé une réduction de frais pour son Regan Total Return Income Fund (RCIRX). À compter du 31 janvier 2025, les frais de gestion du fonds passeront de 0,89 % à 0,85 %, et le plafond des dépenses reculera de 1,20 % à 0,99 %.

Le fonds, qui se concentre sur des obligations hypothécaires de haute qualité et à prix réduit ainsi que sur le trading actif, a récemment dépassé 1 milliard de dollars d'actifs, atteignant 1,13 milliard de dollars au 29 janvier 2025. RCIRX a démontré une solide performance, générant un rendement total de 31,17 % depuis sa création le 1er octobre 2020, tandis que l'indice Bloomberg U.S. Aggregate Bond TR a enregistré une baisse de 7,87 % au cours de la même période.

Regan Capital, das über 2,2 Milliarden Dollar an Vermögenswerten verwaltet, hat eine Gebührensenkung für seinen Regan Total Return Income Fund (RCIRX) angekündigt. Ab dem 31. Januar 2025 wird die Verwaltungsgebühr des Fonds von 0,89 % auf 0,85 % sinken, und die Kostenobergrenze wird von 1,20 % auf 0,99 % reduziert.

Der Fonds, der sich auf hochwertige, rabattierte Hypothekenanleihen und aktiven Handel konzentriert, hat kürzlich die Marke von 1 Milliarde Dollar an Vermögenswerten überschritten und erreichte bis zum 29. Januar 2025 insgesamt 1,13 Milliarden Dollar. RCIRX hat eine starke Leistung gezeigt und seit seiner Gründung am 1. Oktober 2020 eine Gesamtrendite von 31,17 % erzielt, während der Bloomberg U.S. Aggregate Bond TR Index im gleichen Zeitraum um 7,87 % gesunken ist.

Positive
  • Management Fee reduction from 0.89% to 0.85%
  • Expense Cap reduction from 1.20% to 0.99%
  • Fund assets growth to $1.13 billion
  • 31.17% total return since inception, outperforming benchmark by 39.04%
Negative
  • None.

Insights

The announced fee reduction for RCIRX represents a meaningful 21 basis point decrease in the expense cap, a substantial cost savings that will directly benefit investors. This move is particularly noteworthy as it occurs at a time when the fund has demonstrated exceptional performance, outperforming its benchmark by an impressive 39.04 percentage points since inception.

The reduction in fees is strategically timed with the fund surpassing the $1 billion AUM milestone, demonstrating proper scale economics being passed through to investors. The new expense cap of 0.99% positions RCIRX more competitively within the mortgage-backed securities (MBS) fund category, where expense ratios typically range from 0.75% to 1.25%.

The fund's investment approach focusing on high-quality, discounted mortgage bonds with active trading has proven particularly effective in the current market environment. The strategy's reported lower sensitivity to interest rate changes and reduced credit risk exposure has delivered superior risk-adjusted returns compared to traditional fixed-income approaches. This is evidenced by the stark performance divergence from the Bloomberg U.S. Aggregate Bond Index, highlighting the fund's ability to generate alpha through specialized security selection in the mortgage bond market.

The continued strong inflows, reaching $1.13 billion in assets, suggest institutional and retail investors are increasingly recognizing the value proposition of specialized fixed-income strategies in the current market environment. This growth trajectory, combined with the fee reduction, positions the fund favorably for continued asset gathering, potentially leading to further economies of scale benefits for investors.

DALLAS--(BUSINESS WIRE)-- Regan Capital, an investment firm managing over $2.2 billion in assets, today announced a fee reduction for its Regan Total Return Income Fund (RCIRX), an open-ended mutual fund that invests across the fixed-income market.

Effective on January 31, 2025, RCIRX’s Management Fee drops to 0.85% from 0.89%. The fund’s Expense Cap drops to 0.99% from 1.20%.

“This fee reduction makes RCIRX more accessible to investors looking for exposure to the unique opportunity set in the mortgage bond market,” said Skyler Weinand, chief investment officer and managing member of Regan Capital and portfolio manager of RCIRX. “In late 2024, RCIRX surpassed $1 billion in assets, and we expect inflows to remain strong as investors continue to look for yield within this corner of the fixed-income market.”

By focusing on high-quality, discounted mortgage bonds and active trading, RCIRX seeks to outperform traditional total return strategies with less credit risk and less sensitivity to interest rate changes.

As of December 31, 2024, RCIRX generated a total return of 31.17% since its October 1, 2020, inception. During this same period, the Bloomberg U.S. Aggregate Bond TR Index1 declined by 7.87%.

As of January 29, 2025, RCIRX held $1.13 billion in assets.

For more information, please visit: https://www.regancapital.com/mutual-funds/total-return-income-fund-rcirx/

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 Dallas, Texas.

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 $2+ billion mortgage-backed securities (MBS) portfolio at Sit Investment Associates from July 2005 to June 2007. From 2001 to 2005, Weinand was employed with GMAC-RFC, where he was responsible for portfolio valuation on a $1 billion MBS subordinate book, structuring CDOs, and structuring the first re-performing securitizations to come to market.

Disclosures:

1.) The Bloomberg US Aggregate Bond Index (the “Agg”) is a broad-based flagship benchmark that measures the investment grade, US dollar denominated, fixed rate taxable bond market. The index includes Treasuries, government related and corporate securities, fixed rate agency MBS, ABS and CMBS (agency and non-agency).

As of 12/31/2024, the 1-year standardized performance of RCIRX was 6.98%. As of 12/31/2024, the Since Inception (10/1/2020) cumulative standardized performance of RCIRX was 31.17%. The gross expense ratio is 1.28%.

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.

Mutual 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. For more information on these risks and other risks of the fund, please see the Prospectus.

The Regan Total Return Income Fund (RCTRX & RCIRX) is distributed by Quasar Distributors, LLC.

Media Contact:

Scott Gamm

Strategy Voice Associates

scott@strategyvoiceassociates.com

Source: Regan Capital, LLC

FAQ

What are the new fee changes for RCIRX announced for January 31, 2025?

RCIRX announced two fee reductions: the Management Fee will decrease from 0.89% to 0.85%, and the Expense Cap will drop from 1.20% to 0.99%.

How has RCIRX performed since its October 2020 inception?

RCIRX generated a total return of 31.17% since its October 1, 2020 inception, while the Bloomberg U.S. Aggregate Bond TR Index declined by 7.87% during the same period.

What is the current asset size of RCIRX as of January 2025?

As of January 29, 2025, RCIRX held $1.13 billion in assets.

What is the investment strategy of the RCIRX fund?

RCIRX focuses on high-quality, discounted mortgage bonds and active trading, aiming to outperform traditional total return strategies with less credit risk and less sensitivity to interest rate changes.

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