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Trending ETFs

Regnan Global Equity Impact Solutions

mutual fund
REGIX
Payout Change
Pending
Price as of:
$7.43 -0.09 -1.2%
primary theme
N/A
share class
Instl (REGIX)
REGIX (Mutual Fund)

Regnan Global Equity Impact Solutions

Payout Change
Pending
Price as of:
$7.43 -0.09 -1.2%
primary theme
N/A
share class
Instl (REGIX)
REGIX (Mutual Fund)

Regnan Global Equity Impact Solutions

Payout Change
Pending
Price as of:
$7.43 -0.09 -1.2%
primary theme
N/A
share class
Instl (REGIX)

Name

As of 09/30/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Regnan Global Equity Impact Solutions

REGIX | Fund

$7.43

$2.44 M

0.63%

$0.05

1.33%

Vitals

YTD Return

-11.0%

1 yr return

6.5%

3 Yr Avg Return

-4.9%

5 Yr Avg Return

N/A

Net Assets

$2.44 M

Holdings in Top 10

46.2%

52 WEEK LOW AND HIGH

$7.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.33%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover N/A

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 09/30/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Regnan Global Equity Impact Solutions

REGIX | Fund

$7.43

$2.44 M

0.63%

$0.05

1.33%

REGIX - Profile

Distributions

  • YTD Total Return -11.0%
  • 3 Yr Annualized Total Return -4.9%
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio -0.61%
DIVIDENDS
  • Dividend Yield 0.6%
  • Dividend Distribution Frequency None

Fund Details

  • Legal Name
    Regnan Global Equity Impact Solutions
  • Fund Family Name
    Perpetual Americas Funds Trust
  • Inception Date
    Aug 23, 2021
  • Shares Outstanding
    N/A
  • Share Class
    Instl
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Tim Crockford

Fund Description

The Fund seeks to achieve its investment objective by investing primarily in a high-conviction global equity portfolio of companies the portfolio managers believe have the potential to contribute solutions to the world’s major social and environmental challenges. The Fund invests, under normal circumstances, at least 80% of its net assets (plus the amount of any borrowings for investment purposes) in equity securities of companies that the portfolio managers believe satisfy their criteria for positive social or environmental impact. The Adviser measures this impact by applying the Regnan Taxonomy, as described below, in conjunction with a proprietary impact assessment, by the portfolio managers. This impact assessment is based upon qualitative and quantitative assessment, including the measurement of the activities that currently constitute, or that the portfolio managers expect over the long term will constitute, a significant portion (i.e., at least 30%) of a company’s business (using metrics that may include, without limitation, any of the following: revenues, earnings, capital expenditures, research and development investment, or book value). The Fund gains exposure to equity securities either directly or indirectly, through equity-linked instruments such as participatory notes or index exchange-traded funds (“ETFs”), and may invest in preferred stocks.
Under normal market conditions, the Fund will invest at least 40% of its assets in companies located in countries other than the U.S., including developing, frontier market or emerging market countries. Notwithstanding, the Fund may invest a percentage lower than 40% in such non-U.S. securities if the weighting of non-U.S. securities in the Fund’s performance benchmark (currently the MSCI ACWI Investable Market Index) drops below 45%, in which case the Fund’s minimum level for investments in non-U.S. securities must remain within 5% of the benchmark’s weighting. Under normal circumstances, the Fund expects to invest in a range of countries, typically at least 10 different countries. While the Fund may invest in companies of any size, the portfolio managers investment approach will typically result in a bias toward investment in small and mid-capitalization companies, including initial public offerings (“IPOs”). The Fund’s high-conviction investment approach may result in the Fund having significant exposure to one or a handful of economic sectors, however the Fund will not concentrate its investments in a particular industry.
The Fund’s investment strategy is built on the belief that companies that undertake to solve the challenges increasingly faced by the environment and society are well-positioned for growth in the future, particularly where the need for a solution to a particular challenge remains largely unmet. The portfolio managers believe that these underserved environmental and societal needs will result in demand for a product or service that is scarcely available, so companies that are able to fulfill these needs should therefore be rewarded with revenue growth over time, as the size of the market into which they sell their core products or services grows. The portfolio managers believe that this is particularly true if a company’s solution uses a degree of technological ingenuity or a differentiated approach. The portfolio managers seek to invest in companies that sell products or services that are at the early stages of their adoption, as the economic value of such products and services tends, in the portfolio managers’ view, to be underestimated by the market. The stage at which the portfolio managers choose to invest may vary by industry or by product, although in each case, the portfolio managers generally intend to invest before a company’s full value is recognized by the broader market.
For purposes of establishing the Fund’s investment universe, the portfolio managers make use of a proprietary research framework, referred to as the Regnan Taxonomy, in an effort to gain exposure to truly mission-driven companies that are able to drive additional positive impacts through the sale of an innovative solution to a particular environmental or social problem. In identifying investment opportunities, the Regnan Taxonomy seeks to: (i) understand and identify the underlying environmental and social problems which need to be addressed; (ii) identify the products and services that contribute to finding solutions to these problems; and (iii) identify suitable companies that are selling these products and services. In identifying the underlying environmental and social problems to be addressed, the Regnan Taxonomy draws on the targets that underlie the 17 United Nations Sustainable Development Goals (the “UN SDGs”). The UN SDGs may change over time, and the Regnan Taxonomy may also incorporate other goals linked to other sustainability frameworks as determined by the Adviser. The Regnan Taxonomy uses proprietary research to determine which companies derive a significant portion of their revenue from producing the products and services that contribute to finding solutions to these problems.
Once the investment universe is established, the portfolio managers undertake qualitative analyses of potential candidates, including a fundamental business analysis and an extensive impact assessment that seeks to evaluate companies’ potential to drive a positive impact in the future. Following the impact assessment, the portfolio managers then undertake a comprehensive value analysis and a risk assessment. The value analysis looks at the value that each holding is expected to generate and whether the value is distributed equitably to all stakeholders. The risk assessment seeks to identify the key risks that could potentially derail the company, what kinds and levels of risks are acceptable, how the risks can be monitored, and whether the company could be encouraged to address the risks through engagement with the portfolio managers.
The intended outcome of the investment process is a portfolio that will typically consist of between 25 and 50 companies. The portfolio managers select companies without regard to the Fund’s performance benchmark and expects to depart significantly from the holdings and weightings in that benchmark. The portfolio managers add issuers to the Fund’s portfolio typically with the intention of holding the securities for longer periods (typically at least 5 years), which is expected to result in a relatively low portfolio turnover rate that aligns with the Fund’s long-term investment outlook. Although the Fund did not invest significantly in derivatives instruments as of the most recent fiscal year end, it may do so at any time.
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REGIX - Performance

Return Ranking - Trailing

Period REGIX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.0% N/A N/A N/A
1 Yr 6.5% N/A N/A N/A
3 Yr -4.9%* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Return Ranking - Calendar

Period REGIX Return Category Return Low Category Return High Rank in Category (%)
2023 18.1% N/A N/A N/A
2022 -25.1% N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

Total Return Ranking - Trailing

Period REGIX Return Category Return Low Category Return High Rank in Category (%)
YTD -11.0% N/A N/A N/A
1 Yr 6.5% N/A N/A N/A
3 Yr -4.9%* N/A N/A N/A
5 Yr N/A* N/A N/A N/A
10 Yr N/A* N/A N/A N/A

* Annualized

Total Return Ranking - Calendar

Period REGIX Return Category Return Low Category Return High Rank in Category (%)
2023 18.8% N/A N/A N/A
2022 -25.0% N/A N/A N/A
2021 N/A N/A N/A N/A
2020 N/A N/A N/A N/A
2019 N/A N/A N/A N/A

NAV & Total Return History

REGIX - Holdings

Concentration Analysis

REGIX Category Low Category High REGIX % Rank
Net Assets 2.44 M N/A N/A N/A
Number of Holdings 33 N/A N/A N/A
Net Assets in Top 10 1.23 M N/A N/A N/A
Weighting of Top 10 46.22% N/A N/A N/A

Top 10 Holdings

  1. Novo Nordisk A/S SER'B'DKK0.1 5.51%
  2. Ecolab Inc. COM USD1 5.43%
  3. PTC Inc COM USD0.01 5.20%
  4. Xylem, Inc. COM USD0.01 5.05%
  5. Lonza Group AG CHF1 (REGD) 4.85%
  6. Hannon Armstrong Sustainable Infrastructure Capital, Inc. COM USD0.01 4.30%
  7. Ansys Inc COM USD0.01 4.29%
  8. QIAGEN NV SHS NEW 4.16%
  9. Kardex Holding AG CHF0.45 (REGD) 3.73%
  10. Advanced Drainage System Inc COM USD0.01 3.70%

Asset Allocation

Weighting Return Low Return High REGIX % Rank
Stocks 		95.94% N/A N/A N/A
Cash 		4.06% N/A N/A N/A
Preferred Stocks 		0.00% N/A N/A N/A
Other 		0.00% N/A N/A N/A
Convertible Bonds 		0.00% N/A N/A N/A
Bonds 		0.00% N/A N/A N/A

Stock Sector Breakdown

Weighting Return Low Return High REGIX % Rank
Healthcare 		33.54% N/A N/A N/A
Industrials 		28.30% N/A N/A N/A
Technology 		12.55% N/A N/A N/A
Consumer Defense 		6.79% N/A N/A N/A
Financial Services 		5.15% N/A N/A N/A
Real Estate 		4.07% N/A N/A N/A
Utilities 		3.54% N/A N/A N/A
Basic Materials 		3.13% N/A N/A N/A
Consumer Cyclical 		2.92% N/A N/A N/A
Energy 		0.00% N/A N/A N/A
Communication Services 		0.00% N/A N/A N/A

Stock Geographic Breakdown

Weighting Return Low Return High REGIX % Rank
Non US 		52.28% N/A N/A N/A
US 		43.66% N/A N/A N/A

REGIX - Expenses

Operational Fees

REGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.33% N/A N/A N/A
Management Fee 0.75% N/A N/A N/A
12b-1 Fee N/A N/A N/A N/A
Administrative Fee N/A N/A N/A N/A

Sales Fees

REGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A N/A N/A N/A
Deferred Load N/A N/A N/A N/A

Trading Fees

REGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A N/A N/A N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

REGIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A N/A N/A N/A

REGIX - Distributions

Dividend Yield Analysis

REGIX Category Low Category High REGIX % Rank
Dividend Yield 0.63% N/A N/A N/A

Dividend Distribution Analysis

REGIX Category Low Category High Category Mod
Dividend Distribution Frequency None

Net Income Ratio Analysis

REGIX Category Low Category High REGIX % Rank
Net Income Ratio -0.61% N/A N/A N/A

Capital Gain Distribution Analysis

REGIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency

Distributions History

View More +

REGIX - Fund Manager Analysis

Managers

Tim Crockford

Start Date

Tenure

Tenure Rank

Jun 21, 2021

0.94

0.9%

Tim Crockford leads the Regnan Global Impact team. He previously managed the Hermes Impact Opportunities Equity Fund from its launch in December 2017, having co-founded the Hermes Impact team in 2016. Tim joined Hermes Investment Management in 2009 as a research analyst for the European Equities team and became lead portfolio manager of the ESG-integrated Hermes Europe ex-UK Equity Fund in 2015, which he also managed until he left Hermes. Prior to joining Hermes, Tim was an analyst at Sourcecap International, a European equity fund boutique, which Hermes acquired in 2009. Before that he was a primary research analyst at Execution Limited (which seeded Sourcecap), where he worked on major projects in the consumer, retail and financial services sectors. Tim was raised and educated in Malta and graduated from the University of Malta in 2006 with a Bachelor of Accountancy (Hons) degree, as well as a Bachelor of Commerce degree.

Mohsin Ahmad

Start Date

Tenure

Tenure Rank

Jun 21, 2021

0.94

0.9%

Mohsin is a Fund Manager in the Regnan Global Impact team. Prior to this, Mohsinwas a senior analyst on the Hermes Impact Opportunities Fund, having joined Hermes Investment Management in 2017. Prior to joining Hermes, he was an investment manager in Global Equities at Pictet Asset Management. Mohsin was a generalist on the World Equities Fund and covered energy and specialty chemicals sectors for the Global Major Players Fund. During his time at Pictet, Mohsin worked in Geneva with thematic equity funds including, Water, Clean Energy and Agriculture. Mohsin started his career at Savills Commercial in London within Investment and European Valuations. Mohsin holds a BA and MA in Land Economy from Cambridge University and is a CFA charterholder.

Tenure Analysis

Category Low Category High Category Average Category Mode
N/A N/A N/A N/A

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