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Mainstream Online Web Portal
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Advisers will also have access to view their clients’ accounts online via the secure web portal.
Portfolio manager
George Bishay
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.
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Fund information
Important Updates
15/07/2025
Exclusionary Screen change
30/04/2025
Changes to Fund buy-sell spread
08/04/2025
Changes to Fund buy-sell spread
12/01/2023
Pendal Group Limited – Change of ownership
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 | |
| 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 |
Fund performance
As at 31/07/25
| As at 31/07/25 |
1m | 3m | 1yr | 2yr | 3yr (p.a) | 5yr (p.a) | % since inception 29/01/2020 |
|---|---|---|---|---|---|---|---|
| Total return (Before fees and tax) | 0.58 | 1.74 | 6.05 | 6.27 | 5.96 | 4.36 | 4.29 |
| Benchmark: RBA Cash Rate | 0.33 | 0.99 | 4.27 | 4.32 | 3.95 | 2.44 | 2.25 |
| Total return After fees | 0.53 | 1.61 | 5.53 | 5.74 | 5.43 | 3.84 | 3.77 |
| Distribution | 0.00 | 2.46 | 5.23 | 4.80 | 3.84 | 3.05 | 2.83 |
| Growth | 0.53 | -0.85 | 0.30 | 0.94 | 1.59 | 0.79 | 0.94 |
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.