Aristotle Floating Rate Income Fund Class I-2 (PLFDX)
Aristotle Floating Rate Income Fund Class I-2 operates in the Asset Management - Income industry of the Financial Services sector, headquartered in Newport Beach, CA, US. The stock last traded at $9.28, up 0.00% on the session, giving a market capitalisation of $3.81B. Its beta of 0.05 implies it has historically moved less than the broad market.
This fund's primary investment strategy involves allocating capital to income-generating, variable-rate loans and debt instruments. Under typical market conditions, a minimum of 80% of its total assets will be committed to these floating-rate credit products. The fund has the flexibility to invest up to 25% of its portfolio in foreign investments, provided they are denominated in U.S. dollars and predominantly originate from developed markets. Furthermore, up to 20% of its assets may be diversified into other types of debt securities, including high-yield, higher-risk instruments sometimes known as "junk bonds."
Aristotle Floating Rate Income Fund Class I-2 is most often compared with the following Financial Services names: