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Aristotle Strategic Income I PLSRX

Medalist Rating as of | See Aristotle Funds Investment Hub
  • NAV / 1-Day Return 10.44  /  +0.10 %
  • Total Assets 2.7 Bil
  • Adj. Expense Ratio
    0.640%
  • Expense Ratio 0.640%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Multisector Bond
  • Credit Quality / Interest Rate Sensitivity
  • Min. Initial Investment 500,000
  • Status Open
  • TTM Yield 5.55%
  • Effective Duration 3.62 years

USD | NAV as of Mar 28, 2024 | 1-Day Return as of Mar 28, 2024, 12:00 AM GMT+0

Morningstar’s Analysis PLSRX

Will PLSRX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

Upgrade of People and Process to Above Average.

Strategist Maciej Kowara

Maciej Kowara

Strategist

Summary

Aristotle Funds Strategic Income showcases unique characteristics that diverge from the typical multisector-bond prototype. It has performed well against most peers and the Bloomberg US Universal Index in a variety of markets; one has to go back to 2014-15 for the last serious performance hiccup. While a pronounced inclination toward corporate credit limits its breadth, the dedication of a seasoned and skilled team, coupled with a process that astutely merges security selection, particularly in corporate credit, with a touch of macro insight, has led us to upgrade the People and Process ratings.

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Portfolio Holdings PLSRX

  • Current Portfolio Date
  • Equity Holdings
  • Bond Holdings
  • Other Holdings
  • % Assets in Top 10 Holdings 9.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

US BANK MMDA - USBGFS 9

5.79 150.5 Mil
Cash and Equivalents

ULTIMATE SOFTWARE 1/24 COV-LITE T/L B

1.70 44.3 Mil
Corporate

Srs Distribution T/L B

1.33 34.5 Mil
Corporate

Sunshine Luxembourg T/L B-3 (Nestle / Galderma) (3/21)

1.31 34.1 Mil
Corporate

APPLIED SYSTEMS T/L (02/24)

0.91 23.7 Mil
Corporate

DISH Network Corporation 11.75%

0.90 23.3 Mil
Corporate

US DOLLARS

0.76 19.7 Mil
Cash and Equivalents

NextEra Energy Operating Partners LP 7.25%

0.73 18.9 Mil
Corporate

Caesars Entertainment T/L (01/24)

0.72 18.8 Mil
Corporate

EPICOR SOFTWARE T/L 8/23 INCREMENTAL

0.70 18.1 Mil
Corporate