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Introducing Regnan:
a leader in responsible investing

Regnan is a responsible investment pioneer with a long, proud heritage in providing advice and insights on environmental, social and governance issues. Regnan’s Credit Impact Trust is distributed in Australia by Pendal.

An investment strategy that puts capital to work to drive change
A straight-forward first step into investing with impact Provides easy access to an investment fund
Transparent reporting brings to life the impact of your investments Invests in green and social bonds that fund projects designed to bring measurable change to people and the planet
A complement to your existing cash and fixed income investments Targets financial returns of cash plus 1% to 3% per annum

What is Regnan Credit Impact Trust?

Pendal portfolio manager George Bishay outlines the Regnan Credit Impact Trust, an investment strategy that puts capital to work.

Watch video

Our performance

We don’t invest in something just because it feels good. Investments must satisfy Pendal’s well-regarded fixed income process. The Fund aims to not only generate an investment return, but also considers positive and measurable social or environmental outcomes.

As at 29/02/24
As at
29/02/24
1m 3m 1yr 2yr 3yr (p.a) 5yr (p.a) % since inception
Total return (Before fees and tax) 0.59 1.76 6.35 4.22 3.27 - 3.67
Benchmark: RBA Cash Rate 0.35 1.09 4.14 2.96 2.00 - 1.54
Total return After fees 0.55 1.64 5.82 3.70 2.76 - 3.15
Distribution 0.00 0.48 2.61 2.33 2.00 - 1.67
Growth 0.55 1.15 3.21 1.37 0.76 - 1.48

Source: Pendal. Past performance is not a reliable indicator of future performance. This information is for general information and is not to be regarded as a securities recommendation. Where performance returns are quoted “After fees” then this assumes reinvestment of distributions and is calculated using exit prices which take into account management costs but not tax you may pay as an investor. Where “Growth” returns are shown, these represent the percentage change in the value of units in the fund excluding any distributions paid. “Distribution” returns equal the difference between the “Total return (After fees)”, and the Growth return. Where performance returns are quoted “After fees and tax”, they are calculated using exit prices which take into account management costs and taxes paid within the trust up to a maximum of 15%. Where performance returns are quoted “Before fees and tax”, they exclude the effects of management costs and any taxes. In the case of the Pendal Managed Cash Fund and the Pendal Stable Cash Plus Fund all returns are calculated using the average of the daily distribution yields and assume monthly reinvestment of distributions. You can view our Unit Pricing Discretions Policy here.

Our impact

We focus on investments that advance the UN’s Sustainable Development Goals including:

  • Improving access to food, water, shelter or healthcare
  • Preserving climate stability, biodiversity or natural resources
  • Advancing empowerment, resilience or innovation

$1.54 trn

Size of Australia’s responsible investment market in 2021

– RIAA RI 2022 Benchmark Report

of Australians held responsible investments in 2021 – up 28% on the previous year.

– RIAA IR 2022 Benchmark Report

Enter the value of your investment
to see your potential impact

or use the total impact of the fund

Calculate estimated outcomes

The Regnan Credit Impact Trust invests in fixed interest securities (including green bonds, social bonds and sustainable bonds) that in addition to meeting the Fund’s financial risk and return requirements also aim to generate positive and measurable social and/or environmental outcomes.

Enter your investment amount and click “Calculate” to estimate what the outcomes associated with your investment in the Regnan Credit Impact Trust would have been during the year ended 31 December 2022.

Click here to see our calculation methodology

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After calculating, click “Download as PDF” to print.

See the positive outcomes associated with an investment from 1 January 2022 to 31 December 2022 below:

86,399

MWh/year renewable energy generated (equivalent to annual electricity use of 18,799 Australian households)

61,398

tCO2e GHG emissions avoided (equivalent to taking 26,996 cars off road per annum)

1,192,488

litres of water cleaned, recycled or treated per annum

314,623

passenger trips per annum on low carbon transport

15

hectares of forest restored (equivalent to 6 Melbourne Cricket Ground-sized stadiums)

517

small-scale farmers supported with improved agricultural technology*

social/affordable housing*

2,567

underprivileged students educated*

252

teachers trained in developing countries*

4,880

microfinance loans made to financially underserved entrepreneurs from developing countries*

1,521

loans made to female-owned micro, small and medium enterprises with little access to sources of financing*

9,191

people with access to Information & Communication technology in developing countries*

Calculating impact. This may take a minute...

The Regnan Credit Impact Trust (Fund) is managed by Pendal Fund Services Limited (PFSL). The aggregated estimated environmental and social outcomes shown above are based on data provided by the issuers of bond securities (Issuers) held by the Fund. That data relates to the estimated historical positive outcomes attributable to your proportion of those securities held by the Fund, based on the investment amount you have entered as a proportion of the Fund’s total investments as at 31 December 2022.

The estimate assumes your investment had remained in the Fund from 1 January to 31 December 2022, and that your investment proportion to the Fund’s total investment remains constant throughout the year. As either of these assumptions may not be factually correct, the actual outcomes may have varied significantly.

The information provided to us by the Issuers has not been verified by us and may be inaccurate or incomplete. The estimate is therefore indicative only and is provided for illustrative purposes and should not be relied on for the purpose of making investment decisions.

The outcome numbers are based on Issuers’ data from 1 January 2022 to 31 December 2022 and the Fund’s average daily investment value of $187 million over the period. Actual results may differ and subsequent changes in circumstances may occur at any time that impact the accuracy of the results.

This report is issued by Pendal Fund Services Limited (PFSL) ABN 13 161 249 332, AFSL No 431426 and the information contained within is current as at 31 December 2022. It is not to be published, or otherwise made available to any person other than the party to whom it is provided.

PFSL is the responsible entity and issuer of units in the Regnan Credit Impact Trust (Fund) ARSN 638 304 220. A product disclosure statement (PDS) is available for the Fund and can be obtained by calling 1300 346 821 or visiting www.pendalgroup.com. The Target Market Determination (TMD) for the Fund is available at www.pendalgroup.com/ddo. You should obtain and consider the PDS and TMD before deciding whether to acquire, continue to hold or dispose of units in the Fund. An investment in is subject to investment risk, including possible delays in repayment of withdrawal proceeds and loss of income and principal invested.

Information in this report should not be taken as a guarantee, forecast or prediction of any future environmental and social outcomes generated by the Fund. The information is indicative only and should not be relied upon when making an investment decision or recommendation in relation to the Fund.

This report is for general information purposes only, should not be considered as a comprehensive statement on any matter and should not be relied upon as such. It has been prepared without taking into account any recipient’s personal objectives, financial situation or needs. Because of this, recipients should, before acting on this information, consider its appropriateness having regard to their or their clients’ individual objectives, financial situation and needs. This information is not to be regarded as a securities recommendation.

The information in this report may contain material provided by third parties, is given in good faith and has been derived from sources believed to be accurate as at its issue date. While such material is published with necessary permission, and while all reasonable care has been taken to ensure that the information in this report is complete and correct, to the maximum extent permitted by law neither PFSL nor any company in the Perpetual Group (Perpetual Limited ABN 86 000 431 827 and its subsidiaries) accepts any responsibility or liability for the accuracy or completeness of this information or for any loss or damage as a result of reliance on this information.

How are investments are mapped to
UN Sustainable Development Goals?
Here are some examples:

IFC Social Bond

IBRD Green Bond

IFC Social Bond

Australian Catholic University

Sustainable Bond

IFC Social Bond

Australian Catholic University

Sustainable Bond

IFC Social Bond

IADB EYE Social Bond

IFC Social Bond

IBRD Green Bond

Aquasure Vic Desalination (matured)

NAB Climate Bond

Westpac Climate Bond

IBRD Green Bond

Woolworths Green Bond

Mitsubishi UFJ Green

CBA Climate Bond

Australian Catholic

University Sustainable Bond

IADB EYE Social Bond

IFC Social Bond

Australian Catholic University

Sustainable Bond

NAB Climate Bond

Westpac Climate Bond

IBRD Green Bond

Woolworths Green Bond

Mitsubishi UFJ Green

CBA Climate Bond

NAB Climate Bond

Westpac Climate Bond

CBA Climate Bond

Australian Catholic University

Sustainable Bond

NAB Climate Bond

Westpac Climate Bond

IBRD Green Bond

Woolworths Green Bond

CBA Climate Bond

Australian Catholic University Sustainable Bond
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NAB Climate Bond
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Westpac Climate Bond
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IFC Social Bond
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IBRD Green Bond
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IADB EYE Social Bond
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Woolworths Green Bond
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Aquasure Vic Desalination (matured)
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Mitsubishi UFJ Green
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CBA Climate Bond
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Source: https://sustainabledevelopment.un.org/sdgs. These are 13 of the 17 SDGs. The others are: Life Below Water, Life on Land, Peace and Justice Strong Institutions, Partnerships to achieve the Goal

Portfolio manager

George Bishay - Portfolio Manager

George Bishay

Bond, Income & Defensive Strategies

Managing a mix of credit, fixed interest and enhanced cash portfolios, George holds a wealth of experience in portfolio management and credit analysis with a specific focus on Asset Back Securities,  Industrials, Real Estate and Resources sectors. George has managed dedicated sustainable fixed interest portfolios for a decade. He has also worked across numerous fixed income, credit and money market portfolios in portfolio management, credit analysis and dealing roles for more than 20 years. In 2019 George was awarded the Alpha Manager status by Money Management’s parent FE fundinfo in recognition of his career-long performance in the asset management industry.

Sales

Jeremy Dean - Head of Regnan and Responsible Investment Distribution

Jeremy Dean

Head of Regnan and Responsible Investment Distribution

Monthly Fact Sheet
Apply for the Regnan Credit Impact Trust
Complete an application online or download the form to apply

Entry price

1.0119 / 30/09/2022

Exit price

1.0097 / 30/09/2022

History View history
Significant features

The Regnan Credit Impact Trust is an actively managed portfolio of fixed and floating income securities. The trust focuses on investments anchored to impact goals adapted from the United Nations Sustainable Development Goals.

Fund objective

The trust aims to generate positive and measurable social or environmental impact, or both; and a return (before fees, costs and taxes) that exceeds the RBA cash rate over rolling 3-year periods.

Minimum investment

$25,000

Benchmark

RBA cash rate

Distribution frequency

Quarterly

Distribution (cpu)

$0.3000 (31/12/2020)

Distribution History

View history

MIT Notice

View history

Management Cost

0.50% p. a.

Buy Sell spread

0.20% (0.10%/0.10%)

Risk Level

Low to Medium

Risks

An investment fund is subject to a number of risks. For a detailed description of these risks please refer to the PDS.

APIR Code

PDL5969AU