Mutual Funds
Diversifying Asset Allocations
ZEOIX: Short Duration Income Fund
(ZSRIX: Sustainable Credit Fund)
The Short Duration Income Fund invests in sustainable short duration, high yield corporate debt seeking to deliver long-term capital preservation, consistent income and moderate capital appreciation.
Fund Facts
| Ticker: | ZEOIX |
| CUSIP: | 66537X522 |
| Inception: | 5/31/2011 |
| Dividend: | Monthly |
| Share Class: | Institutional Only |
| Minimum: | $5,000 ($1,500 IRA) |
Net Annual Performance
Top Ten Holdings as of 6/30/2022
| ISSUER/INSTRUMENT | DOWNLOAD SUSTAINABILITY PROFILE | PERCENTAGE |
|---|---|---|
| Hyland Software Inc 2L Term Loan |  |
6.59% |
| Cast & Crew Payroll LLC 1L Term Loan | |
5.87% |
| Cengage Learning Inc 9.500 06/15/2024 | |
5.15% |
| Western Global Airlines LLC 10.375 08/15/2025 | Coming soon | 4.52% |
| Getty Images Inc 9.750 03/01/2027 | Coming soon | 3.66% |
| Cimpress PLC 7.000 06/15/2026 | Coming soon | 3.57% |
| Diebold Nixdorf Inc 8.500 04/15/2024 | |
3.52% |
| American Greetings Corp 8.750 04/15/2025 | Coming soon | 3.46% |
| Granite US Holdings Corp 11.000 10/01/2027 | Coming soon | 3.41% |
| Werner FinCo LP/Inc 8.750 07/15/2025 | Coming soon | 3.19% |
The security holdings are presented to illustrate examples of the securities that the fund has bought and the diversity of areas in which the funds may invest, and may not be representative of the fund’s current or future investments. Portfolio holdings are subject to change and should not be considered to be investment advice.
Distributions and Performance
| Zeo Short Duration Income Fund Dividend Distributions | ||
|---|---|---|
| Ex-Date | Amount Per Share | Reinvestment Price |
| 6/29/2022 | 0.04 | 8.53 |
| 5/27/2022 | 0.04 | 8.75 |
| 4/28/2022 | 0.04 | 9.20 |
| 3/30/2022 | 0.04 | 9.38 |
| 2/25/2022 | 0.03 | 9.49 |
| 1/28/2022 | 0.03 | 9.60 |
| 12/30/2021 | 0.04 | 9.68 |
| 11/29/2021 | 0.03 | 9.65 |
| 10/28/2021 | 0.03 | 9.68 |
| 9/29/2021 | 0.04 | 9.70 |
| 8/30/2021 | 0.04 | 9.69 |
| 7/29/2021 | 0.04 | 9.70 |
| Zeo Short Duration Income Fund Performance (as of 6/30/2022) | (as of 6/30/2022) | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 1-Mo | YTD | 1 Yr | 5 Yr | 10 Yr | ITD | NAV | 1-Mo | YTD | 1 Yr | 5 Yr | 10 Yr | ITD | |
| ZEOIX | 8.48 | -2.83% | -10.14% | -8.35% | 0.63% | 1.96% | 1.96% | 8.48 | -2.83% | -10.14% | -8.35 | 0.63% | 1.96% | 1.96% |
| ICE BofA 0-2YR Dur BB-B | -2.95% | -4.68% | -3.50% | 2.09% | 3.28% | 3.40% | -2.95% | -4.68% | -3.50% | 2.09% | 3.28% | 3.40% | ||
| BBAgg | -1.57% | -10.35% | -10.29% | 0.88% | 1.54% | 2.03% | -1.57% | -10.35% | -10.29% | 0.88% | 1.54% | 2.03% | ||
The performance data quoted represents past performance net of all fees and expenses for the Short Duration Income Fund (“the Fund” or “ZEOIX”). Current performance may be lower or higher than the performance data quoted. Investment return and principal value will fluctuate, so that shares, when redeemed, may be worth more or less than their original cost. Past performance is no guarantee of future results. A fund’s performance, especially for very short periods of time, should not be the sole factor in making your investment decisions. For performance information current to the most recent month-end, please call toll-free 855-ZEO-FUND.
Total Annual Operating Expense Ratio is 0.99% after Fee Waiver (1.05% total expense before waiver). The adviser contractually agreed to reduce its fees until August 31,2022, subject to possible recoupment in future years. The management fee was lowered from 1% to 0.75% on May 1, 2018.
Any ICE index data referenced herein is the property of ICE Data Indices, LLC, its affiliates (“ICE Data”) and/or its Third Party Suppliers and has been licensed for use by OCM. ICE Data and its Third Party Suppliers accept no liability in connection with its use. See https://www.osterweis.com/glossary for a full copy of the Disclaimer.
Legal
ZEOIX: Short Duration Income Fund
(ZSRIX: Sustainable Credit Fund)
Investors should carefully consider the investment objectives, risks, charges and expenses of the Zeo Short Duration Income Fund or the Zeo Sustainable Credit Fund (“the Funds”). This and other important information about the Funds is contained in the prospectuses, which can be obtained by calling 855-ZEO-FUND. The prospectuses should be read carefully before investing. The Funds are distributed by Northern Lights Distributors, LLC member FINRA/SIPC. Osterweis Capital Management and Northern Lights Distributors, LLC are not affiliated.
Important Risk Information
Mutual Funds involve risk including possible loss of principal.
The Funds are actively managed dynamic portfolios. There is no guarantee the Funds will achieve their objectives, goals, generate positive returns, or avoid losses.
The Funds can invest a percentage of assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Funds to additional risks that they would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Funds may experience losses that exceed losses experienced by funds that do not use futures contracts and options.
Typically, a rise in interest rates causes a decline in the value of fixed income securities. Overall fixed income market risk may affect the value of individual instruments in which the Funds invest. Lower-quality fixed income securities, known as “high yield” or “junk” bonds, present greater risk than bonds of higher quality, including an increased risk of default. The Funds may invest more than 5% of their total assets in the securities of one or more issuers. The Funds’ performance may be more sensitive to any single economic, business, political or regulatory occurrence than the value of shares of a diversified investment company. Securities of small and medium capitalization companies may be subject to more abrupt or erratic market movements than those of larger, more established companies or the market averages in general. Market risk results from adverse changes in exchange rates in foreign currency denominated securities. Investing in securities of foreign issuers involves risks not typically associated with U.S. investments, including adverse fluctuations in foreign currency exchange rates, adverse political, social and economic developments, less liquidity, greater volatility, less developed or less efficient trading markets, political instability and differing auditing and legal standards.
1836-NLD-07/20/2022