Morningstar

Aristotle Floating Rate Income Fund Class I-2 PLFDX

Morningstar Medalist Rating
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Medalist Rating as of See Aristotle Funds Investment Hub
  • NAV / 1-Day Return $9.21  /  0.00
  • Fund Size $4.1B
  • Adjusted Expense Ratio 0.810%
  • Net Expense Ratio 0.780%
  • Fee Level: Distribution High
  • Share Class Type Institutional
  • Morningstar Category Bank Loan
  • Fixed-Income Style Box (Funds) Low/Limited
  • Minimum Initial Investment $0
  • Investment Status Open
  • TTM Yield 6.73%
  • Average Effective Duration 0.26 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PLFDX

Will PLFDX outperform in the future?

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

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PLFDX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PLFDX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PLFDX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Built to lose less.

Principal Maciej Kowara

Maciej Kowara

Principal

Summary

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.

by Maciej Kowara
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Portfolio Holdings PLFDX

More PLFDX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 25.5
Top 10 Holdings
% Portfolio Weight
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