Zeo Sustainable Credit Fund (ZSRIX)
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.
Fund Info
| ISIN | US74316P6869 |
|---|---|
| CUSIP | 66538J514 |
| Issuer | Zeo |
| Inception Date | May 30, 2019 |
| Category | Multisector Bonds |
| Min. Investment | $5,000 |
| Asset Class | Bond |
Expense Ratio
ZSRIX has a high expense ratio of 0.99%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Zeo Sustainable Credit Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | N/A | 17.79% |
| 1 month | N/A | 0.18% |
| 6 months | N/A | 7.53% |
| 1 year | N/A | 26.42% |
| 5 years (annualized) | N/A | 13.48% |
| 10 years (annualized) | N/A | 10.85% |
Monthly Returns
The table below presents the monthly returns of ZSRIX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | 3.80% | 1.07% | -3.61% | -1.60% | -2.79% | 1.76% | 1.17% | 0.65% | -0.15% | 0.38% | 0.34% | 1.61% | |
| 2022 | -0.44% | -0.63% | -0.84% | -1.95% | -3.36% | -3.11% | 2.42% | 0.64% | -2.63% | 0.20% | 1.54% | -0.32% | -8.32% |
| 2021 | 0.63% | 0.25% | 0.21% | 0.46% | 0.70% | 0.76% | 0.42% | 0.55% | 0.51% | 0.03% | 0.10% | 0.88% | 5.63% |
| 2020 | 0.11% | -0.66% | -10.58% | 3.50% | 1.76% | 0.11% | 0.49% | 1.19% | 0.45% | 0.42% | 2.18% | 0.90% | -0.85% |
| 2019 | 0.26% | 0.05% | 0.27% | 0.47% | -0.02% | 0.17% | 0.35% | 1.56% |
Risk-Adjusted Performance
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Zeo Sustainable Credit Fund (ZSRIX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Zeo Sustainable Credit Fund granted a 1.45% dividend yield in the last twelve months. The annual payout for that period amounted to $0.11 per share.
| Period | TTM | 2022 | 2021 | 2020 | 2019 |
|---|---|---|---|---|---|
| Dividend | $0.11 | $0.58 | $0.48 | $0.31 | $0.12 |
Dividend yield | 1.45% | 7.04% | 4.99% | 3.24% | 1.15% |
Monthly Dividends
The table displays the monthly dividend distributions for Zeo Sustainable Credit Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2023 | $0.16 | $0.08 | $0.06 | $0.06 | $0.09 | $0.06 | $0.00 | $0.05 | $0.03 | $0.03 | $0.03 | $0.02 | $0.68 |
| 2022 | $0.03 | $0.04 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.07 | $0.07 | $0.06 | $0.58 |
| 2021 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.05 | $0.06 | $0.05 | $0.05 | $0.06 | $0.48 |
| 2020 | $0.02 | $0.02 | $0.03 | $0.03 | $0.03 | $0.03 | $0.01 | $0.03 | $0.02 | $0.03 | $0.02 | $0.04 | $0.31 |
| 2019 | $0.01 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.12 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.
Worst Drawdowns
The table below displays the maximum drawdowns of the Zeo Sustainable Credit Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Zeo Sustainable Credit Fund was 14.60%, occurring on Mar 24, 2020. Recovery took 260 trading sessions.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -14.6% | Feb 24, 2020 | 22 | Mar 24, 2020 | 260 | Apr 6, 2021 | 282 |
| -11.41% | Jan 21, 2022 | 341 | May 31, 2023 | — | — | — |
| -0.31% | Nov 23, 2021 | 5 | Nov 30, 2021 | 5 | Dec 7, 2021 | 10 |
| -0.3% | Jan 17, 2020 | 6 | Jan 27, 2020 | 7 | Feb 5, 2020 | 13 |
| -0.25% | Jul 18, 2019 | 13 | Aug 5, 2019 | 17 | Aug 28, 2019 | 30 |
Volatility
Volatility Chart
The current Zeo Sustainable Credit Fund volatility is 0.62%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.