Aristotle Core Income Fund Class I-2 (PLIDX)
Aristotle Core 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 $9.50, up 0.11% on the session, giving a market capitalisation of $3.23B. Its beta of 0.89 implies it has historically moved less than the broad market.
The fund's main objective is to generate income by acquiring various debt instruments. A minimum of 60% of its assets will typically be committed to higher-quality, investment-grade debt, encompassing corporate bonds, asset-backed securities, mortgage-related securities, and obligations issued by the U.S. government and its agencies. Conversely, the fund has the flexibility to allocate up to 40% of its capital to lower-rated, higher-risk debt instruments, frequently referred to as "junk bonds," along with floating-rate senior loans.
Aristotle Core Income Fund Class I-2 is most often compared with the following Financial Services names: