Regan Total Return Income Fund – Investor Class (RCTRX)

Overview

The company operates as an investment fund focusing predominantly on mortgage-backed securities (MBS). With a strategic approach to investing at least 80% of its net assets in MBS, the fund primarily centers on Residential Mortgage-Backed Securities (RMBS) that are non-agency, differentiating itself from funds investing in agency MBS. The fund's investment horizon is diverse, targeting MBS investments with a weighted average life ranging from 0 to 10 years. This strategy demonstrates adaptability and a keen focus on opportunities within the MBS landscape, aiming to capitalize on various market conditions and durations. The fund's investment portfolio is characterized by a blend of income-generation and capital appreciation strategies, tailored to navigate the complexities of fixed-income securities markets.

Products and Services

The fund offers a range of investment products centered on fixed-income securities, each designed to cater to different investor needs and market opportunities.

• Non-agency Residential Mortgage-Backed Securities (RMBS): This constitutes the fund's primary investment focus, targeting RMBS that are not backed by government agencies. These securities offer potential for higher yields compared to agency RMBS, albeit with a higher risk profile.
• Commercial Mortgage-Backed Securities (CMBS): As part of its broader investment strategy, the fund may allocate assets to CMBS, which are secured by mortgages on commercial properties. CMBS investments seek to capture returns from the commercial real estate market.
• Asset-Backed Securities (ABS): The fund also considers investments in ABS, which are securities backed by pools of assets such as loans, leases, credit card debt, or receivables. ABS investments can offer diversification benefits and exposure to consumer and business credit sectors.
• Senior Tranche Collateralized Loan Obligations (CLOs): Including senior tranche CLOs in its portfolio allows the fund to invest in the highest-ranking securities within CLO structures, aiming for stabilized returns with priority in the event of loan defaults or recoveries.
• Securities of Other Fixed-Income Investment Companies: The fund may also invest in securities offered by other fixed-income investment companies, providing additional avenues for diversification and exposure to a wide range of fixed-income strategies and assets.