ZSRIX: Zeo Sustainable Credit Fund

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ZSRIX Zeo Sustainable Credit Fund


Profile

ZSRIX - Profile

Vitals

  • YTD Return -8.7%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $11.1 M
  • Holdings in Top 10 42.8%

52 WEEK LOW AND HIGH

$9.17
$8.58
$10.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load N/A
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover N/A

TRADING FEES

  • Max Redemption Fee 1.00%

Min Investment

  • Standard (Taxable) $5,000
  • IRA $1,500

Fund Classification

  • Primary Caregory
  • Fund Type Open End Mutual Fund
  • Investment Style Multisector Bond

Distributions

  • YTD Total Return -8.7%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio N/A
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Zeo Sustainable Credit Fund
  • Fund Family Name
    Zeo
  • Inception Date
    May 31, 2019
  • Shares Outstanding
    N/A
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Venkatesh Reddy

Fund Description

The fund's adviser seeks to achieve the fund's investment objective by investing primarily in fixed income securities and by actively managing interest rate and default risks. Under normal circumstances, it invests at least 80% of its assets, defined as net assets plus any borrowings for investment purposes, in fixed income securities that meet the adviser's sustainable business practices criteria. The fund is non-diversified.


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Categories

Performance

ZSRIX - Performance

Return Ranking - Trailing

Period ZSRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.7% -55.0% 6.8% 87.96%
1 Yr -8.5% -55.3% 10.9% 86.73%
3 Yr N/A* -37.8% 4.9% N/A
5 Yr N/A* -32.5% 18.4% N/A
10 Yr N/A* -5.0% 1.0% N/A

* Annualized

Return Ranking - Calendar

Period ZSRIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -35.1% 15.3% N/A
2018 N/A -48.0% 0.8% N/A
2017 N/A -14.8% 11.2% N/A
2016 N/A -11.2% 19.1% N/A
2015 N/A -51.1% 4.0% N/A

Total Return Ranking - Trailing

Period ZSRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -8.7% -55.0% 6.8% 87.96%
1 Yr -8.5% -55.3% 6.2% 86.73%
3 Yr N/A* -37.8% 3.8% N/A
5 Yr N/A* -32.5% 18.4% N/A
10 Yr N/A* -5.0% 5.4% N/A

* Annualized

Total Return Ranking - Calendar

Period ZSRIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -35.1% 15.3% N/A
2018 N/A -48.0% 4.8% N/A
2017 N/A -14.8% 14.0% N/A
2016 N/A -11.2% 22.5% N/A
2015 N/A -51.1% 4.0% N/A

NAV & Total Return History


Holdings

ZSRIX - Holdings

Concentration Analysis

ZSRIX Category Low Category High ZSRIX % Rank
Net Assets 11.1 M 6.88 M 120 B 98.55%
Number of Holdings 30 6 7819 92.92%
Net Assets in Top 10 4.6 M -201 M 5.37 B 92.63%
Weighting of Top 10 42.76% 5.8% 214.0% 26.83%

Top 10 Holdings

  1. Nielsen Finance LLC/Nielsen Finance Co 5% 5.53%
  2. Michaels Stores, Inc. 8% 5.03%
  3. Caleres Inc 6.25% 4.82%
  4. Clean Harbors, Inc. 4.88% 4.69%
  5. Nexteer Automotive Group Limited 5.88% 4.58%
  6. Hyland Software Adj% 05/23/2025 3.85%
  7. Neenah Inc 5.25% 3.83%
  8. Virgin Media Finance PLC 5.25% 3.73%
  9. Cast & Crew Adj% 01/16/2026 3.40%
  10. Reynolds Group Issuer LLC. 4.72% 3.31%

Asset Allocation

Weighting Return Low Return High ZSRIX % Rank
Bonds
75.67% 9.56% 233.78% 85.92%
Cash
22.01% -144.73% 61.37% 5.67%
Preferred Stocks
2.31% 0.00% 79.92% 9.07%
Stocks
0.00% -0.56% 15.10% 95.77%
Other
0.00% -8.59% 30.55% 88.10%
Convertible Bonds
0.00% 0.00% 15.09% 97.45%

Bond Sector Breakdown

Weighting Return Low Return High ZSRIX % Rank
Corporate
77.99% 0.00% 93.46% 9.35%
Cash & Equivalents
22.01% 0.12% 45.23% 7.93%
Derivative
0.00% -0.44% 43.88% 92.35%
Securitized
0.00% 0.00% 99.12% 100.00%
Municipal
0.00% 0.00% 34.19% 94.05%
Government
0.00% 0.00% 99.82% 97.73%

Bond Geographic Breakdown

Weighting Return Low Return High ZSRIX % Rank
US
58.99% 5.88% 233.33% 78.75%
Non US
16.68% -46.36% 71.44% 60.62%

Expenses

ZSRIX - Expenses

Operational Fees

ZSRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.06% 24.26% N/A
Management Fee 0.75% 0.00% 2.25% 81.49%
12b-1 Fee 0.00% 0.00% 1.00% 11.73%
Administrative Fee N/A 0.01% 0.70% N/A

Sales Fees

ZSRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 5.50% N/A

Trading Fees

ZSRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee 1.00% 1.00% 2.00% 93.33%

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.

ZSRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover N/A 0.00% 421.00% N/A

Distributions

ZSRIX - Distributions

Dividend Yield Analysis

ZSRIX Category Low Category High ZSRIX % Rank
Dividend Yield 0.00% 0.00% 4.71% 92.56%

Dividend Distribution Analysis

ZSRIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

ZSRIX Category Low Category High ZSRIX % Rank
Net Income Ratio N/A 1.07% 18.14% N/A

Capital Gain Distribution Analysis

ZSRIX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually

Dividend Payout History

View More +

Fund Manager Analysis

ZSRIX - Fund Manager Analysis

Managers

Venkatesh Reddy


Start Date

Tenure

Tenure Rank

May 31, 2019

1.08

1.1%

Venkatesh Reddy, Portfolio Manager and Chief Investment Officer. Mr. Reddy founded Zeo Capital Advisors in 2009. Prior to Zeo, he was co-founder of Laurel Ridge Asset Management. In that role, Mr. Reddy specialized in bankruptcy law, asset valuation and opportunities at the intersection of quantitative and fundamental analysis. Previously, Mr. Reddy structured derivative products and was head of delta-one trading as a portfolio manager within Bank of America’s Equity Financial Products group (EFP). Mr. Reddy also managed investments in event-driven situations, convertible instruments and options at Pine River Capital Management LP and HBK Investments LP, where he started his career. Mr. Reddy earned a BA in Computer Science with Honors from Harvard University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.16 29.15 5.77 5.5