ZFLIX: Ziegler Senior Floating Rate Fund - MutualFunds.com
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Trending ETFs

Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$24.85

-

-

$1.17

0.76%

Vitals

YTD Return

0.4%

1 yr return

5.9%

3 Yr Avg Return

3.2%

5 Yr Avg Return

4.1%

Net Assets

$70.7 M

Holdings in Top 10

16.2%

52 WEEK LOW AND HIGH

$24.85
$24.15
$25.03

Expenses

OPERATING FEES

Expense Ratio 0.76%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 41.00%

Redemption Fee N/A


Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A


Fund Classification

Fund Type

Open End Mutual Fund

Investment Style

Bank Loan


Name

Price

Aum/Mkt Cap

YIELD & DIV

Exp Ratio

Watchlist

$24.85

-

-

$1.17

0.76%

ZFLIX - Profile

Distributions

  • YTD Total Return 0.4%
  • 3 Yr Annualized Total Return 3.2%
  • 5 Yr Annualized Total Return 4.1%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.57%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Ziegler Senior Floating Rate Fund
  • Fund Family Name
    Ziegler
  • Inception Date
    Apr 01, 2016
  • Shares Outstanding
    2486758
  • Share Class
    Inst
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    George Marshman

Fund Description

The fund invests under normal circumstances at least 80% of its net assets (plus any borrowings for investment purposes) in senior secured floating rate loans, other senior secured floating rate debt instruments, and in other instruments that have economic characteristics similar to such instruments. It may invest up to 100% of its net assets in floating rate loans and floating rate debt securities that are determined to be below investment grade.


ZFLIX - Performance

Return Ranking - Trailing

Period ZFLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -2.6% 11.8% 93.79%
1 Yr 5.9% 0.8% 42.1% 88.01%
3 Yr 3.2%* -1.0% 5.9% 47.50%
5 Yr 4.1%* 1.1% 7.5% 32.69%
10 Yr N/A* 2.2% 7.5% N/A

* Annualized

Return Ranking - Calendar

Period ZFLIX Return Category Return Low Category Return High Rank in Category (%)
2020 -1.7% -16.5% 289.8% 23.18%
2019 0.9% -8.1% 7.5% 88.56%
2018 -3.6% -12.2% 5.5% 9.30%
2017 -0.2% -4.2% 3.7% 34.62%
2016 N/A -65.0% 12.9% N/A

Total Return Ranking - Trailing

Period ZFLIX Return Category Return Low Category Return High Rank in Category (%)
YTD 0.4% -2.6% 11.8% 93.79%
1 Yr 5.9% 0.4% 42.1% 75.22%
3 Yr 3.2%* -1.3% 10.0% 47.02%
5 Yr 4.1%* 1.1% 7.6% 36.79%
10 Yr N/A* 2.2% 7.5% N/A

* Annualized

Total Return Ranking - Calendar

Period ZFLIX Return Category Return Low Category Return High Rank in Category (%)
2020 -1.7% -16.5% 289.8% 23.18%
2019 0.9% -8.1% 7.5% 88.56%
2018 -3.6% -12.2% 5.5% 17.83%
2017 -0.2% -4.2% 7.2% 43.59%
2016 N/A -65.0% 12.9% N/A

NAV & Total Return History


ZFLIX - Holdings

Concentration Analysis

ZFLIX Category Low Category High ZFLIX % Rank
Net Assets 70.7 M 10 M 9.84 B 94.49%
Number of Holdings 167 12 1358 76.95%
Net Assets in Top 10 12.2 M -171 M 2.33 B 81.44%
Weighting of Top 10 16.19% 4.9% 95.4% 51.05%

Top 10 Holdings

  1. Invesco Shrt-Trm Inv Gov&Agcy Instl 4.60%
  2. TPG II/TENASKA TL B 1L 1.41%
  3. TPG II/TENASKA TL B 1L 1.41%
  4. TPG II/TENASKA TL B 1L 1.41%
  5. TPG II/TENASKA TL B 1L 1.41%
  6. TPG II/TENASKA TL B 1L 1.41%
  7. TPG II/TENASKA TL B 1L 1.41%
  8. TPG II/TENASKA TL B 1L 1.41%
  9. TPG II/TENASKA TL B 1L 1.41%
  10. TPG II/TENASKA TL B 1L 1.41%

Asset Allocation

Weighting Return Low Return High ZFLIX % Rank
Bonds
94.21% 41.18% 149.51% 47.01%
Cash
5.76% -49.60% 55.70% 50.30%
Stocks
0.03% 0.00% 15.31% 85.33%
Preferred Stocks
0.00% 0.00% 29.39% 49.10%
Other
0.00% -54.12% 12.76% 55.69%
Convertible Bonds
0.00% 0.00% 3.77% 60.48%

Stock Sector Breakdown

Weighting Return Low Return High ZFLIX % Rank
Industrials
100.00% 0.00% 100.00% 0.77%
Utilities
0.00% 0.00% 100.00% 38.46%
Technology
0.00% 0.00% 100.00% 33.46%
Real Estate
0.00% 0.00% 44.77% 18.46%
Healthcare
0.00% 0.00% 99.69% 23.46%
Financial Services
0.00% 0.00% 100.00% 29.62%
Energy
0.00% 0.00% 100.00% 71.92%
Communication Services
0.00% 0.00% 99.95% 68.46%
Consumer Defense
0.00% 0.00% 100.00% 43.85%
Consumer Cyclical
0.00% 0.00% 74.16% 62.31%
Basic Materials
0.00% 0.00% 57.03% 31.92%

Stock Geographic Breakdown

Weighting Return Low Return High ZFLIX % Rank
US
0.03% -0.01% 15.61% 83.53%
Non US
0.00% -0.30% 4.00% 52.10%

Bond Sector Breakdown

Weighting Return Low Return High ZFLIX % Rank
Corporate
94.24% 0.00% 100.00% 23.42%
Cash & Equivalents
5.76% 0.00% 58.10% 62.16%
Derivative
0.00% 0.00% 9.59% 30.63%
Securitized
0.00% 0.00% 100.00% 63.36%
Municipal
0.00% 0.00% 0.68% 28.83%
Government
0.00% 0.00% 5.94% 28.23%

Bond Geographic Breakdown

Weighting Return Low Return High ZFLIX % Rank
US
94.21% 3.17% 128.54% 3.59%
Non US
0.00% 0.00% 115.41% 95.81%

ZFLIX - Expenses

Operational Fees

ZFLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.76% 0.02% 7.50% 78.83%
Management Fee 0.65% 0.00% 2.40% 55.33%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.03% 0.40% N/A

Sales Fees

ZFLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.00% 5.75% N/A
Deferred Load N/A 1.00% 3.00% N/A

Trading Fees

ZFLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% 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.

ZFLIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 8.00% 215.00% 29.08%

ZFLIX - Distributions

Dividend Yield Analysis

ZFLIX Category Low Category High ZFLIX % Rank
Dividend Yield 0.00% 0.00% 5.29% 26.04%

Dividend Distribution Analysis

ZFLIX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

ZFLIX Category Low Category High ZFLIX % Rank
Net Income Ratio 4.57% 1.77% 10.93% 30.21%

Capital Gain Distribution Analysis

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

Dividend Payout History

View More +

ZFLIX - Fund Manager Analysis

Managers

George Marshman


Start Date

Tenure

Tenure Rank

Apr 01, 2016

5.42

5.4%

Mr. Marshman is Senior Portfolio Manager for the Ziegler Floating Rate Fund and one of Valcour’s two Managing Partners. As a member of the Investment Committee, he is responsible for supervising all investment activity at the firm. These duties include credit analysis of individual borrowers, underwriting of individual transaction, and firm wide portfolio and regulatory compliance. Prior to co-founding Valcour in September 2009, Mr. Marshman was co-founder and Chief Investment Officer at Aladdin Capital Holdings (“Aladdin”) from 2000 to 2009, a $20 billion asset management firm that issued and managed ten CLOs totaling $3.5 billion. At Aladdin, Mr. Marshman was responsible for all portfolio management and was a Key Man for over $4 billion in bank loan securitizations and over $1 billion in other structured product assets. Mr. Marshman previously served as a Vice President and trader in Donaldson, Lufkin & Jenrette’s corporate bond department. Prior to that, he was a Vice President at Lehman Brothers, where his focus was on new issue and secondary trading of floating rate notes and structured securities. Mr. Marshman began his Wall Street career at Orion Consultants in 1989. He holds a BA degree from Yale College.

Roberta Goss


Start Date

Tenure

Tenure Rank

Sep 01, 2019

2.0

2.0%

Ms. Goss is a Portfolio Manager , and Co-Head of the Bank Loan and CLO Platform at Pretium, where she is responsible for building and leading the Firm’s Crown Point CLO business, as well as managing investments across the Firm’s other corporate credit portfolios. Ms. Goss joined Pretium in 2019 and has over thirty years-experience managing high yield, leveraged loan and CLO investments. She joined Pretium from DFG Investment Advisers where she ran their $4 billion CLO platform. Ms. Goss spent 14 years at Goldman Sachs, most recently as the co-head of the high yield and bank loan business for Goldman Sachs Asset Management. Earlier in her career she worked on a proprietary desk in London managing high yield and leveraged loan investments for Saudi International Bank (an affiliate of JP Morgan). Ms. Goss is a member of Pretium’s Executive Committee. She received a BComm from Mount Allison University.

Todd Murray


Start Date

Tenure

Tenure Rank

Nov 30, 2020

0.75

0.8%

Mr. Murray is a Portfolio Manager and is a member of Pretium Credit Management’s Investment Committee. Mr. Murray has more than 20 years of experience in the credit markets. Mr. Murray has worked at Pretium since 2017, when his prior employer, Valcour Capital Management, was acquired by Pretium. Mr. Murray was promoted from Senior Analyst into his current role in 2019. Mr. Murray joined Valcour in 2012 as Senior Analyst, covering Health Care, Building Materials, Industrials and Metals & Mining sectors. Previously, Mr. Murray was a Senior Analyst at Golub Capital Management, where he was responsible for coverage of leveraged loans within the healthcare and education sectors. Prior to that, he was an Analyst for the High Yield Loan Group at Aladdin Capital. Prior to Aladdin, Mr. Murray spent six years working at GE Asset Management, analyzing investment grade, high yield bonds and bank loan credits across various industrial sectors. Mr. Murray received his BS in Marketing from Providence College, is a CFA charterholder and a member of the Stamford CFA Society.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 22.85 5.9 2.5