Mutual Funds
Diversifying Asset Allocations
ZSRIX: Sustainable Credit Fund
(ZEOIX: Short Duration Income Fund)
The Sustainable Credit Fund invests in sustainable high yield corporate credits across the duration spectrum, seeking to deliver risk-adjusted returns consisting of income and moderate capital appreciation.
Fund Facts
| Ticker: | ZSRIX |
| CUSIP: | 66538J514 |
| Inception: | 5/31/2019 |
| Dividend: | Monthly |
| Share Class: | Institutional Only |
| Minimum: | $5,000 ($1,500 IRA) |
Documents
How to Invest
Top Ten Holdings as of 8/31/2022
| ISSUER/INSTRUMENT | DOWNLOAD SUSTAINABILITY PROFILE | PERCENTAGE |
|---|---|---|
| AgroFresh Inc 1L Term Loan |  |
8.33% |
| Cast & Crew Payroll LLC 1L Term Loan | |
6.95% |
| Hyland Software Inc 2L Term Loan | |
6.83% |
| Magenta Buyer LLC (Trellix) 1L Term Loan | |
6.33% |
| A&V Holdings Midco LLC 1L Term Loan | Coming soon | 5.35% |
| Cengage Learning Inc 9.500 06/15/2024 | |
5.20% |
| Ambience Merger Sub Inc 1L Term Loan | Coming soon | 3.68% |
| Patrick Industries Inc 4.750 05/01/2029 | Coming soon | 3.43% |
| IEA Energy Services LLC 6.625 08/15/2029 | Coming soon | 3.35% |
| Austin BidCo Inc 7.125 12/15/2028 | Coming soon | 2.97% |
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 Sustainable Credit Fund Dividend Distributions | ||
|---|---|---|
| Ex-Date | Amount Per Share | Reinvestment Price |
| 8/29/2022 | 0.05 | 8.70 |
| 7/28/2022 | 0.05 | 8.66 |
| 6/29/2022 | 0.05 | 8.54 |
| 5/27/2022 | 0.04 | 8.79 |
| 4/28/2022 | 0.05 | 9.22 |
| 3/30/2022 | 0.04 | 9.39 |
| 2/25/2022 | 0.04 | 9.50 |
| 1/28/2022 | 0.03 | 9.61 |
| 12/30/2021 | 0.05 | 9.68 |
| 11/29/2021 | 0.05 | 9.66 |
| 10/28/2021 | 0.05 | 9.70 |
| 9/29/2021 | 0.06 | 9.73 |
| Zeo Sustainable Credit Fund Performance (as of 8/31/2022) | (as of 6/30/2022) | |||||||||||
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| NAV | 1-Mo | YTD | 1 Yr | 5 Yr | ITD | NAV | 1-Mo | YTD | 1 Yr | 5 Yr | ITD | |
| ZSRIX | 8.66 | 0.64% | -7.17% | -5.75% | n/a | -0.39% | 8.49 | -3.10% | -9.93% | -7.67% | n/a | -1.38% |
| ICE BofA Single-B HY | -2.34% | -10.71% | -9.78% | n/a | 1.04% | -7.04% | -13.79% | -12.48% | n/a | -0.05% | ||
| BBAgg | -2.83% | -10.75% | -11.52% | n/a | -0.62% | -1.57% | -10.35% | -10.29% | n/a | -0.51% | ||
The performance data quoted represents past performance net of all fees and expenses for the Sustainable Credit Fund (“the Fund” or “ZSRIX”). 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.
The Annual Operating Expense Ratio is 0.99% after Fee Waiver (1.66% total expense before waiver). The adviser contractually agreed to reduce its fees until August 31, 2022, subject to possible recoupment in future years.
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
ZSRIX: Sustainable Credit Fund
(ZEOIX: Short Duration Income 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.
7017-NLD-09/20/2022