Aristotle Floating Rate Income Fund Class I

Frequently Asked Questions About PLFRX

What does PLFRX invest in?

The primary objective of this fund is to achieve a substantial level of current income. It accomplishes this by investing predominantly in income-generating floating rate loans and other floating rate debt instruments. Typically, at least four-fifths (80%) of the fund's assets are committed to these specific types of floating rate securities under normal market conditions. A portion, up to 25% of its total assets, may be directed towards foreign investments denominated in U.S. dollars, primarily originating from developed economies. Furthermore, the fund possesses the latitude to allocate as much as 20% of its holdings to diverse debt instruments or securities, which includes non-investment grade debt, commonly referred to as high-yield or "junk bonds" due to their elevated risk profile.

What is the expense ratio of PLFRX?

Aristotle Floating Rate Income Fund Class I (PLFRX) charges an expense ratio of 0.72%. This is the annual fee deducted from fund assets to cover management and operations.

What is PLFRX's dividend yield?

PLFRX's trailing-twelve-month yield is 6.85%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PLFRX?

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

What is the credit quality of PLFRX?

PLFRX'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 PLFRX?

Yield to maturity (YTM) is the total return you'd earn from PLFRX if every bond in the portfolio is held to maturity at the current price. PLFRX'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.