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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.
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
Pendal portfolio manager George Bishay outlines the Regnan Credit Impact Trust, an investment strategy that puts capital to work.
Watch videoWe focus on investments that advance the UN’s Sustainable Development Goals including:
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
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 30 June 2024.
Click here to see our calculation methodology
See the positive outcomes associated with an investment from
1 July 2023 to 30 June 2024 below:
MWh/year renewable energy generated (equivalent to annual electricity use of 25,673 Australian households)
tCO2e GHG emissions avoided (equivalent to taking 36,919 cars off road per annum)
litres of water cleaned, recycled or treated per annum
passenger trips per annum on low carbon transport
hectares of forest restored (equivalent to 5 Melbourne Cricket Ground-sized stadiums)
social/affordable housing*
underprivileged students educated*
teachers trained in developing countries*
Calculating impact. This may take a minute...
*Contribution is based on forecast numbers provided by the issuer.
The Regnan Credit Impact Trust (Fund) is managed by Pendal Fund Services Limited (PFSL) ABN 13 161 249 332, AFSL No 431426. 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 30 June 2024.
The estimate assumes your investment had remained in the Fund from 1 July 2023 to 30 June 2024, 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 July 2023 to 30 June 2024 and the Fund’s average daily investment value of $230 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 PFSL and the information contained within is current as at 30 June 2024. 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. The product disclosure statement (PDS) for the Fund, issued by PFSL, should be considered before deciding whether to acquire, dispose, or hold units in the Fund. The PDS and Target Market Determination can be obtained by calling 1300 346 821 or visiting www.pendalgroup.com. 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 general information only and is not intended to provide you with financial advice or take into account your objectives, financial situation or needs. You should consider whether the information is suitable for your circumstances and we recommend that you seek professional advice. 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.
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
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
Head of Credit & Sustainable Strategies – Portfolio Manager, Regnan Credit Impact Trust
Read bioGeorge’s investment management career spans over 30 years with Pendal and its predecessor firms. He is responsible for management of credit, fixed interest and short term income portfolios, including Pendal’s highly regarded Sustainable Australian Fixed Interest Fund, Short Term Income Securities Fund and Credit Impact Trust.
George holds a wealth of experience in portfolio management and credit analysis. He has also worked across numerous fixed income, credit and money market portfolios in portfolio management, credit analysis and dealing roles for 27 years. Prior to this George worked in an accounting role for three 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. George was one out of 11 Australia-based investment professionals included in this list of esteemed professionals across multiple asset classes, after being assessed on his ability to create risk-adjusted alpha (outperformance) over his entire track record.
George obtained a Master’s degree in Business (Finance), a Bachelor’s degree in Business (Accounting & Finance) and a Graduate Diploma in Applied Finance and Investment.
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.
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 | |
| MIT Notice | |
| 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 |
| As at 30/06/25 |
1m | 3m | 1yr | 2yr | 3yr (p.a) | 5yr (p.a) | % since inception |
|---|---|---|---|---|---|---|---|
| Total return (Before fees and tax) | 0.31 | 1.21 | 6.00 | 6.37 | 5.73 | 4.34 | 4.25 |
| Benchmark: RBA Cash Rate | 0.32 | 1.00 | 4.31 | 4.34 | 3.88 | 2.38 | 2.22 |
| Total return After fees | 0.27 | 1.08 | 5.47 | 5.84 | 5.21 | 3.82 | 3.73 |
| Distribution | 2.43 | 2.45 | 5.23 | 4.80 | 3.83 | 3.05 | 2.87 |
| Growth | -2.16 | -1.37 | 0.24 | 1.04 | 1.37 | 0.77 | 0.86 |
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.
