Aristotle Floating Rate Income Fund Class C PLBCX

Downside protection is key to Aristotle Floating Rate Income’s playbook. The team, part of Aristotle Pacific, blends deep fundamental credit research with active trading inside a structure built around large, liquid loans, sidestepping the market's worst credits while staying nimble enough to exploit pricing dislocations. The protection isn't without costs—the fund cedes ground when the market's lowest-quality names lead—but over a full cycle that has been a bargain, and the evidence behind it has grown strong enough to lift the strategy's Process rating to High from Above Average.