RCIRX

About RCIRX

Regan Total Return Income Fund Institutional Class is an open-end mutual fund focused on generating a high level of risk-adjusted current income with secondary emphasis on capital appreciation. The strategy centers on high-quality, senior U.S. residential mortgage-backed securities, emphasizing non-agency bonds, complemented by agency RMBS and other fixed income such as asset-backed securities and U.S. government obligations. The portfolio targets low duration and limited credit risk while employing active trading to enhance income and total return potential. The fund distributes income quarterly and offers daily liquidity, aligning with investors seeking steady income within a structured credit framework. Key service providers include Quasar Distributors as distributor, U.S. Bank National Association as custodian, and U.S. Bancorp Fund Services as transfer agent. The institutional share class features a management fee and published gross and net expense ratios, supported by a contractual fee waiver through January 31, 2026. Market data providers classify it within nontraditional bond, reflecting its specialized mortgage-backed orientation and flexible fixed income approach.