Mutual Funds
Diversifying Asset Allocations
approach to sustainable credit is a deeply fundamental one and is not just an index by another name.”
–Venk Reddy, Founder and Chief Investment Officer
Zeo Short Duration Income Fund
(Also see: Zeo Sustainable Credit Fund)
The Zeo 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 6/30/2021
| ISSUER/INSTRUMENT | PERCENTAGE |
|---|---|
| Hyland Software Inc 2L Term Loan | 5.28% |
| Caleres Inc 6.250 08/15/2023 | 4.97% |
| Cast & Crew Payroll LLC 1L Term Loan | 4.87% |
| Cooke Omega Investments Inc 8.500 12/15/2022 | 4.06% |
| Del Monte Foods Inc 11.875 05/15/2025 | 3.97% |
| Diebold Nixdorf Inc 8.500 04/15/2024 | 3.75% |
| Fresh Market Inc/The 9.750 05/01/2023 | 3.73% |
| Cimpress PLC 7.000 06/15/2026 | 3.69% |
| AMC Networks Inc 5.000 04/01/2024 | 3.64% |
| At Home Holding III Inc 8.750 09/01/2025 | 3.33% |
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.
ZEOIX Frequently Asked Questions
Why Should I Use An Active Manager In Fixed Income?WATCH NOW
How Should I Use Your Fund?WATCH NOW
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Distributions and Performance
| Zeo Short Duration Income Fund Dividend Distributions | ||
|---|---|---|
| Ex-Date | Amount Per Share | Reinvestment Price |
| 6/29/2021 | 0.03 | 9.71 |
| 5/27/2021 | 0.03 | 9.69 |
| 4/29/2021 | 0.03 | 9.66 |
| 3/30/2021 | 0.03 | 9.65 |
| 2/25/2021 | 0.03 | 9.70 |
| 1/28/2021 | 0.03 | 9.69 |
| 12/30/2020 | 0.05 | 9.66 |
| 11/27/2020 | 0.03 | 9.60 |
| 10/29/2020 | 0.04 | 9.42 |
| 9/29/2020 | 0.03 | 9.40 |
| 8/28/2020 | 0.04 | 9.36 |
| 7/30/2020 | 0.01 | 9.30 |
| Zeo Short Duration Income Fund Performance (as of 6/30/2021) | (as of 6/30/2021) | |||||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 1-Mo | YTD | 1 Yr | 5 Yr | 10 Yr | ITD | NAV | 1-Mo | YTD | 1 Yr | 5 Yr | 10 Yr | ITD | |
| ZEOIX | 9.71 | 0.52% | 2.53% | 8.86% | 3.14% | 3.07% | 3.04% | 9.71 | 0.52% | 2.53% | 8.86% | 3.14% | 3.07% | 3.04% |
| BBAgg | 0.70% | -1.60% | -0.33% | 3.03% | 3.39% | 3.34% | 0.70% | -1.60% | -0.33% | 3.03% | 3.39% | 3.34% | ||
The performance data quoted represents past performance net of all fees and expenses for the Zeo 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: 1.03%. The management fee was lowered from 1% to 0.75% on May 1, 2018. Fees are retrospective and do not necessarily represent current expenses which scale down with asset growth.
Legal
Zeo Short Duration Income Fund
(Also see: Zeo 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 (“Zeo Funds”). This and other important information about the Zeo Funds is contained in the prospectuses, which can be obtained by calling 855-ZEO-FUND. The prospectuses should be read carefully before investing. The Zeo Funds are distributed by Northern Lights Distributors, LLC member FINRA/SIPC. Zeo Capital Advisors, LLC and Northern Lights Distributors, LLC are not affiliated.
Important Risk Information
Mutual Funds involve risk including possible loss of principal.
Zeo Funds are actively managed dynamic portfolios. There is no guarantee the Zeo Funds will achieve their objectives, goals, generate positive returns, or avoid losses.
The Zeo Funds can invest a percentage of assets in derivatives, such as futures and options contracts. The use of such derivatives may expose the Zeo Funds to additional risks that they would not be subject to if it invested directly in the securities and commodities underlying those derivatives. The Zeo Funds may experience losses that exceed losses experienced by funds that do not use futures contracts and options.,/p>
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 Zeo 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 Zeo Funds may invest more than 5% of their total assets in the securities of one or more issuers. The Zeo 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.
1220-NLD-05/20/2021