ZSRIX: Zeo Sustainable Credit Fund

Welcome to MutualFunds.com

Please help us personalize your experience and select the one that best describes you.

Your personalized experience is almost ready.

Join other Individual Investors receiving FREE personalized market updates and research. Join other Institutional Investors receiving FREE personalized market updates and research. Join other Financial Advisors receiving FREE personalized market updates and research.

Thank you!

Check your email and confirm your subscription to complete your personalized experience.

Thank you for your submission

We hope you enjoy your experience

Channels

Fixed income news, reports, video and more.

Municipal bonds news, reports, video and more.

Practice management news, reports, video and more.

Portfolio management news, reports, video and more.

Retirement news, reports, video and more.

Learn from industry thought leaders and expert market participants.

Deepen your understanding of Responsible Investing and learn how it can potentially help you build a more successful practice.

Advisors

Receive email updates about fund flows, news, upcoming CE accredited webcasts from industry thought leaders and more.

Content focused on helping financial advisors build successful client relationships and grow their business.

Content geared towards helping financial advisors build better client portfolios.

Get insights on the industry trends and investment news from leading fund managers and experts.

ZSRIX Zeo Sustainable Credit Fund


Profile

ZSRIX - Profile

Vitals

  • YTD Return -6.4%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $12.4 M
  • Holdings in Top 10 66.8%

52 WEEK LOW AND HIGH

$9.40
$8.58
$10.07

Expenses

OPERATING RELATED FEES

  • Expense Ratio 2.51%

SALES FEES

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

BROKERAGE FEES

  • Turnover 62.00%

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 -6.4%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 2.85%
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.


Sign up for Advisor Access

Receive email updates about best performers, news, CE accredited webcasts and more.


Categories

Performance

ZSRIX - Performance

Return Ranking - Trailing

Period ZSRIX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.4% -55.0% 9.1% 91.19%
1 Yr -6.7% -55.3% 10.9% 88.76%
3 Yr N/A* -40.3% 4.9% N/A
5 Yr N/A* -35.0% 21.0% N/A
10 Yr N/A* -3.6% 1.2% N/A

* Annualized

Return Ranking - Calendar

Period ZSRIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -35.1% 11.0% N/A
2018 N/A -48.0% 0.8% N/A
2017 N/A -14.8% 8.5% 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 -6.4% -55.0% 9.1% 91.19%
1 Yr -6.7% -55.3% 6.4% 88.76%
3 Yr N/A* -40.3% 3.7% N/A
5 Yr N/A* -35.0% 21.0% N/A
10 Yr N/A* -3.6% 5.0% N/A

* Annualized

Total Return Ranking - Calendar

Period ZSRIX Return Category Return Low Category Return High Rank in Category (%)
2019 N/A -35.1% 12.0% N/A
2018 N/A -48.0% 4.5% 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 12.4 M 5 M 126 B 98.25%
Number of Holdings 32 5 7722 94.25%
Net Assets in Top 10 8 M -418 M 29.7 B 79.89%
Weighting of Top 10 66.84% 4.8% 214.0% 10.09%

Top 10 Holdings

  1. Goldman Sachs FS Treasury Intms Instl 29.06%
  2. Caleres Inc 6.25% 5.64%
  3. Michaels Stores, Inc. 8% 5.27%
  4. Nielsen Finance LLC/Nielsen Finance Co 5% 5.00%
  5. Clean Harbors, Inc. 4.88% 4.31%
  6. Nexteer Automotive Group Limited 5.88% 4.11%
  7. Neenah Paper Adj% 06/26/2027 3.76%
  8. Hyland Software Adj% 05/23/2025 3.62%
  9. Cast & Crew Payroll Llc Adj% 02/07/2026 3.07%
  10. Reynolds Group Issuer LLC. 3.77% 3.00%

Asset Allocation

Weighting Return Low Return High ZSRIX % Rank
Bonds
73.05% 14.17% 155.51% 94.00%
Cash
24.69% -71.09% 75.97% 4.02%
Preferred Stocks
2.25% 0.00% 39.23% 10.34%
Stocks
0.00% -0.27% 13.09% 97.43%
Other
0.00% -8.59% 18.26% 86.21%
Convertible Bonds
0.00% 0.00% 25.18% 100.00%

Bond Sector Breakdown

Weighting Return Low Return High ZSRIX % Rank
Corporate
72.16% 0.00% 94.51% 14.08%
Cash & Equivalents
27.84% 0.02% 84.27% 5.46%
Derivative
0.00% -0.44% 47.67% 97.13%
Securitized
0.00% 0.00% 99.22% 100.00%
Municipal
0.00% 0.00% 36.37% 95.98%
Government
0.00% 0.00% 99.16% 100.00%

Bond Geographic Breakdown

Weighting Return Low Return High ZSRIX % Rank
US
60.65% 13.35% 135.69% 71.55%
Non US
12.40% -16.32% 68.65% 76.15%

Expenses

ZSRIX - Expenses

Operational Fees

ZSRIX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 2.51% 0.06% 24.26% 11.14%
Management Fee 0.75% 0.00% 2.25% 83.43%
12b-1 Fee 0.00% 0.00% 1.00% 12.75%
Administrative Fee N/A 0.04% 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% 100.00%

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 62.00% 0.00% 421.00% 38.02%

Distributions

ZSRIX - Distributions

Dividend Yield Analysis

ZSRIX Category Low Category High ZSRIX % Rank
Dividend Yield 0.00% 0.00% 5.81% 93.65%

Dividend Distribution Analysis

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

Net Income Ratio Analysis

ZSRIX Category Low Category High ZSRIX % Rank
Net Income Ratio 2.85% 0.96% 18.14% 79.30%

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

1.25

1.3%

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
0.08 29.32 5.6 5.67