Floating Rate Fund

Objective

The Floating Rate Fund seeks total return, comprised of current income and capital appreciation.

Fund Overview

The Fund seeks to achieve its objective by investing in senior secured floating rate loans, other senior secured floating rate debt instruments, and in other instruments that have similar economic characteristics.

Floating rate instruments reset their interest rate periodically over a base rate, with rates tied to a representative interest rate index, typically 3-month London Interbank Offered Rate ("LIBOR"), which may enable the fund to limit the potential risks associated with rising interest rates. A senior secured loan is considered “senior” because in the event of the borrower’s bankruptcy, the holder of the instrument is paid before other parties. A senior secured loan is "secured," because the loan is collateralized with assets that can be sold to repay the holder if necessary.

Fund Information

  Class A Class C Class I
Inception Date 4/1/2016 4/1/2016 4/1/2016
Ticker Symbol ZFLAX ZFLCX ZFLIX
CUSIP Number 89832P481 89832P473 89832P465
Minimum Investment $1,000 $1,000 $1,000,000
(waived for certain investment
advisory programs)
Income Distributions Monthly Monthly Monthly
Short & Long Term Capital Gain Distributions Annually Annually Annually

 

 

Performance - as of 9/30/2017

  3-Month Year-To-Date 1-Year Since Inception (4/1/2016)
Class A (w/o sales charge) 1.28% 3.14% 4.80% 6.02%
Class A (with sales charge) -3.04% -1.25% 0.36% 2.99%
Class C (w/o sales charge) 1.07% 2.54% 4.06% 5.26%
Class C (with sales charge) 0.07% 1.54% 3.06% 5.26%
Institutional Class (w/o sales charge) 1.32% 3.31% 5.06% 6.28%

Performance data quoted represents past performance; past performance does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance of the fund may be lower or higher than the performance quoted. Performance data current to the most recent month end may be obtained by calling 877-568-7633. Performance data shown reflects the Class A and Class C maximum sales charge of 4.25% and 1.00%, respectively. The Class A share imposes a 1.00% redemption fee on shares held less than 60 days. Performance data does not reflect the redemption fee. If it had, returns would be reduced. Investment performance reflects fee waivers in effect. In the absence of such waivers, total returns would be reduced. Short term performance, in particular, is not a good indication of the Fund's future performance, and an investment should not be made solely on returns.

Gross Expense Ratios: Class A = 2.10%, Class C = 2.85%, Intitutional Class = 1.88%

Investment Adviser

Ziegler Capital Management, LLC

Sub-Adviser

Valcour Capital Management, LLC

Portfolio Managers

Scott Roberts, George Marshman, and John D’Angelo

 

 

 

An investment in the Fund is subject to risk and there can be no assurance that the Fund will achieve its investment objective. The principal risks of investing in the Fund include bank loans and senior loans risk, borrowing and leverage risk, CLO risk, counterparty risk, credit risk, defaulted debt securities risk, floating rate securities risk, foreign securities risk, high yield securities risk, inflation risk, interest rate risk, investment risk, issuer risk, liquidity risk, loan interests risk, manager risk, market risk, new fund risk, regulatory risk, and unrated securities risk. Please see the prospectus for more information.

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Important Information

You should consider the Fund's objectives, risks, charges and expenses carefully before investing. To obtain a statutory or summary prospectus that contains this and other information about the Fund, please click here for the Floating Rate Fund. Please read it carefully before investing. A hard copy of the prospectus can be requested by calling 1-844-828-1919.

Mutual fund investing involves risk; Principal loss is possible

The Fund is offered only to United States residents, and information on this site is intended only for such persons. Nothing on this web site should be considered a solicitation to buy or an offer to sell shares of the Fund in any jurisdiction where the offer or solicitation would be unlawful under the securities laws of such jurisdiction.

Ziegler Capital Management, LLC is the Advisor to the Ziegler Floating Rate Fund which is distributed by Quasar Distributors, LLC.