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.
Aristotle Strategic Income I PLSRX
- NAV / 1-Day Return 10.44 / +0.10 %
- Total Assets 2.7 Bil
-
Adj. Expense Ratio
- 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.
People Pillar
Parent Pillar
- 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 |