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 10.27 / −0.10 %
- Total Assets 2.7 Bil
-
Adj. Expense Ratio
- Expense Ratio 0.590%
- Distribution Fee Level Below Average
- Share Class Type Institutional
- Category Multisector Bond
- Credit Quality / Interest Rate Sensitivity Medium/Limited
- Min. Initial Investment 500,000
- Status Open
- TTM Yield 5.50%
- Effective Duration 3.62 years
USD | NAV as of Apr 19, 2024 | 1-Day Return as of Apr 19, 2024, 12:05 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 9.6
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
US BANK MMDA - USBGFS 9 | 7.98 | 223.0 Mil | Cash and Equivalents |
Ultimate Software 1/24 Cov-Lite T/L B | 1.59 | 44.5 Mil | Corporate |
Srs Distribution T/L B | 1.24 | 34.8 Mil | Corporate |
Hub International 1/24 T/L B | 1.12 | 31.2 Mil | Corporate |
Husky Injection Molding T/L B (01/24) | 0.90 | 25.1 Mil | Corporate |
Transdigm T/L I (03/24) | 0.88 | 24.6 Mil | Corporate |
Applied Systems T/L (02/24) | 0.85 | 23.7 Mil | Corporate |
DISH Network Corporation 11.75% | 0.82 | 22.8 Mil | Corporate |
Caesars Entertainment T/L (01/24) | 0.82 | 22.8 Mil | Corporate |
WAND NEWCO 3 T/L B | 0.73 | 20.3 Mil | Corporate |