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 7.01%, calculated from the sum of dividends over the past year divided by the current price.

How big is PLFRX?

Aristotle Floating Rate Income Fund Class I (PLFRX) manages $3.79B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is PLFRX actively managed or an index fund?

PLFRX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was PLFRX launched?

Aristotle Floating Rate Income Fund Class I (PLFRX) launched in July 2011 and is managed by the fund issuer.