Aristotle Floating Rate Income Fund Class A (PLFLX)
Aristotle Floating Rate Income Fund Class A operates in the Asset Management industry of the Financial Services sector, headquartered in Newport Beach, NJ, US. The stock last traded at $9.24, down 0.11% on the session, giving a market capitalisation of $3.80B. Its beta of 0.05 implies it has historically moved less than the broad market.
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.
Aristotle Floating Rate Income Fund Class A is most often compared with the following Financial Services names: