Aristotle Floating Rate Income Fund Class A

Frequently Asked Questions About PLFLX

What does PLFLX invest in?

The fund invests principally in income producing floating rate loans and floating rate debt securities. Under normal circumstances, it invests at least 80% of its assets in floating rate loans and floating rate debt securities. The fund may invest up to 25% of its assets in U.S. dollar denominated foreign investments, principally in developed markets. It may invest up to 20% of its assets in other types of debt instruments or securities including non-investment grade (high yield/high risk, sometimes called "junk bonds") debt instruments.

What is the expense ratio of PLFLX?

Aristotle Floating Rate Income Fund Class A (PLFLX) charges an expense ratio of 1.05%. This is the annual fee deducted from fund assets to cover management and operations.

What is PLFLX's dividend yield?

PLFLX's trailing-twelve-month yield is 6.51%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PLFLX?

Effective duration measures PLFLX's sensitivity to interest-rate changes: a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PLFLX's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PLFLX?

PLFLX's credit quality breakdown (the share of holdings rated AAA through CCC and below) is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PLFLX?

Yield to maturity (YTM) is the total return you'd earn from PLFLX if every bond in the portfolio is held to maturity at the current price. PLFLX's YTM is published on the fund's factsheet on the issuer's website. It differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.