Identify Market Opportunities

• ZAIS Analysts and Portfolio Managers monitor the market on an ongoing basis for opportunities and offers.

Conduct Initial Analysis

• Securities are analyzed from both a technical and yield perspective

Assess Opportunities According to Fund Investment Parameters

• Securities must meet fund parameters to be entered into analysis pipeline

Discuss with Portfolio Managers

• Securities must fit within the senior Portfolio Manger's current strategy.

Conduct Full Security Analysis

• ZAIS' three-step analysis process includes Collateral Analysis, Structural Analysis, and Manager/Servicer Analysis.

Correlation/Concentration check

• Tax/Legal due diligence
• Buy or pass decision and hedging assessment
• Proposal to Trustee