Five Years of RCIRX: How This Fixed Income Fund Navigated Market Volatility

The Regan Total Return Income Fund (RCIRX) just hit a major milestone, marking five years since its October 2020 launch. With $1.60 billion in assets under management, the fund has delivered solid returns while maintaining a strategic focus on the bond market.

Performance Numbers That Speak for Themselves

As of late September 2025, RCIRX has generated a 6.13% year-to-date return and an impressive 39.22% cumulative return since inception. These figures put the fund in a strong competitive position—Morningstar awarded it a 4-star rating overall and for the three-year period among 253 comparable funds in the nontraditional bond category. The fund’s 1-year standardized performance sits at 6.41%, reflecting consistent execution across varying market conditions.

The Investment Philosophy Behind RCIRX

Regan Capital, founded in 2011 and based in Dallas, manages approximately $2.9 billion across multiple strategies. RCIRX distinguishes itself through active management of high-quality, discounted bonds while aiming to reduce credit risk and interest rate sensitivity compared to traditional bond funds. The gross expense ratio of 1.15% offers cost-efficient access to the broader debt securities market.

Skyler Weinand, the firm’s chief investment officer and portfolio manager, emphasizes that the past five years have tested portfolios across multiple dimensions—from pandemic disruptions to inflation spikes and central bank policy shifts. In this environment, RCIRX’s dual focus on income generation and risk management has become increasingly relevant for institutions and individual investors seeking portfolio stability.

Why This Track Record Matters

Weinand’s background in structured products and mortgage-backed securities trading provides depth to the fund’s approach. His previous roles at firms including Cantor Fitzgerald and experience structuring securitizations inform RCIRX’s positioning as a vehicle designed to perform across different economic scenarios. The fund achieves this through liquid, transparent access to fixed income markets without excessive sensitivity to rate movements.

Beyond mutual fund shares, Regan Capital also operates ETFs listed on NYSE and European exchanges, along with private placement vehicles and separately managed accounts, indicating a diversified platform approach to fixed income management.

What Investors Should Know

Past performance does not guarantee future results, and mutual fund investing carries inherent risks. RCIRX specifically involves risks tied to asset-backed and mortgage-backed securities, including credit risk, prepayment risk, and default potential. Debt securities typically decline when rates rise, with longer-duration bonds facing greater sensitivity. Lower-rated securities present higher principal loss risk than their investment-grade counterparts.

For those interested in learning more about RCIRX’s objectives, risks, and expenses, the prospectus and summary prospectus provide detailed information. The fund’s five-year run suggests a competent execution of its income and return objectives, though individual investor circumstances and risk tolerance should guide any allocation decision.