Mutual Fund
Actively managed fixed income strategy that seeks to provide a high level of risk adjusted current income and capital appreciation.
The Regan Total Return Income Fund was created to make Regan Capital’s institutional investment framework accessible to a broader range of investors through a daily-liquid mutual fund structure. By providing actively managed exposure to residential mortgage-backed securities (RMBS), the fund seeks to deliver attractive current income while managing interest rate and credit risk. The strategy emphasizes high-quality, senior collateralized assets, disciplined portfolio construction, and active risk management designed to navigate changing market environments.
Mutual Fund Offerings
Regan Capital’s mutual fund provides access to the same institutional investment strategy through two share classes: RCIRX, designed for institutional investors, and RCTRX, designed for individual investors.
How to Invest
Both RCIRX and RCTRX share classes are available through various major brokerage platforms or directly via U.S. Bank.
Invest Through a Brokerage Platform
Both institutional and individual share classes are available for investing on the following platforms:
- Fidelity
- Charles Schwab
- Pershig
- BNY Mellon
- RBC Wealth Management
- Raymond James
- Rockefeller Capital Management
- Sanctuary Wealth
- William Blair
- Stifel Financial
- Interactive Brokers
- Axos
- LPL (SAM, SWM & MWP)
- Orion
Invest Directly Through U.S. Bank
Both institutional and individual share classes are available for purchase any business day through U.S. Bank directly. Please reference the instructions below to invest.
Steps to Invest
- To purchase shares as an individual, please complete the New Account Application
- To purchase shares as an Entity, please complete the Entity Application
- To purchase shares via an IRA, please complete the IRA Application along with the IRA Transfer Form for new IRA accounts
Send your completed application to ir@regancapital.com
You may sign and scan, or submit unsigned and we will send a DocuSign for electronic signature
Option B: Mail
Send your completed and signed application to:
Regular Mail:
Regan Capital Mutual Funds
c/o U.S. Bank Global Fund Services
P.O. Box 701
Milwaukee, WI 53201-0701
Overnight Delivery:
Regan Capital Mutual Funds
c/o U.S. Bank Global Fund Services
615 E. Michigan St., FL3
Milwaukee, WI 53202-5207
If you do not receive this within one business day, please contact the Transfer Agent:
+1 (888) 44-REGAN
Wire Instructions
Once your account is established, you may instruct your bank to send the wire.
Your bank must include the name of the Fund, your name, and your account number so that monies can be correctly applied.
Your bank should transmit immediately available funds by wire to:
U.S. Bank National Association
777 East Wisconsin Avenue
Milwaukee, Wisconsin 53202
ABA No.: 075000022
Credit: U.S. Bancorp Fund Services, LLC
Account No.: 112-952-137
Further Credit:
Regan Total Return Income Fund
[Shareholder Registration]
[Shareholder Account Number]
For assistance with purchasing or selling shares please contact:
Transfer Agent: +1 (888) 44-REGAN (toll free)
Investment Adviser: +1 (214) 550-1710
Mutual Fund Disclosures
The Fund’s investment objectives, risks, charges, and expenses must be considered carefully before investing. The prospectus contains this and other important information about the investment company. Please read it carefully before investing. A free hard copy of the prospectus can be requested by calling +1 888-44-REGAN.
The Regan Total Return Income Fund (RCTRX & RCIRX) is distributed by Quasar Distributors, LLC.
Net expense ratio reflects contractual fee waiver through January 31, 2027.
Morningstar Disclosures
As of 3/31/2026, RCIRX of 5 stars (overall and for the five-year time period) out of 71 funds in the Securitized Bond - Diversified category and a Morningstar Rating™ of 4 stars (3-year time period) out of 86 funds in the Securitized Bond - Diversified category. As of 3/31/2026, RCTRX received a Morningstar Rating of 5 stars (overall) out of 86 funds in the Securitized Bond - Diversified category, a Morningstar Rating of 4 stars (3-year time period) out of 86 funds in the Securitized Bond - Diversified category, and a Morningstar Rating of 5 stars (5-year time period) out of 71 funds in the Securitized Bond - Diversified category.
The Morningstar Rating™ for funds, or "star rating", is calculated for managed products (including mutual funds, variable annuity and variable life subaccounts, exchange - received a Morningstar Rating™ 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 10% of products in each product category receive 5 stars, the next 22.5% receive 4 stars, the next 35% receive 3 stars, the next 22.5% receive 2 stars, and the bottom 10% receive 1 star. The Overall Morningstar Rating for a managed product is derived from a weighted average of the performance figures associated with its three-, five-, and 10-year (if applicable) Morningstar Rating metrics. The weights are: 100% three-year rating for 36-59 months of total returns, 60% five-year rating/40% three-year rating for 60-119 months of total returns, and 50% 10-year rating/30% five-year rating/20% three-year rating for 120 or more months of total returns. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
©2025 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.
LSEG Lipper Fund Awards Disclosures
Award Received: Regan Total Return Income Fund, Institutional Class (RCIRX), Best Core Plus Bond Fund Over 5 Years, following its outperformance of 283 fund share classes and 66 portfolios in the category.
The LSEG Lipper Fund Awards, granted annually, highlight funds and fund companies that have excelled in delivering consistently strong risk-adjusted performance relative to their peers. The LSEG Lipper Fund Awards are based on the Lipper Leader for Consistent Return rating, which is a risk-adjusted performance measure calculated over 36, 60 and 120 months. The fund with the highest Lipper Leader for Consistent Return (Effective Return) value in each eligible classification wins the LSEG Lipper Fund Award. For more information, see lipperfundawards.com. Although LSEG makes reasonable efforts to ensure the accuracy and reliability of the data contained herein, their accuracy is not guaranteed by LSEG Lipper.
