Aristotle Short Duration Income Fund Class C (PLCSX)
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Aristotle Short Duration Income Fund Class C (PLCSX) FAQ
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Aristotle Short Duration Income Fund Class C Profile
| NASDAQ Exchange | United States Country |
Overview
The fund is designed to prioritize income generation through a diversified portfolio of debt instruments. It targets investment-grade debt instruments for the majority of its investments, dedicating at least 70% of its assets towards securities that are deemed to have lower risk, including corporate debt, asset-backed securities, mortgage-related securities, along with U.S. government and agency securities. However, to potentially enhance returns, it also allocates up to 30% of its assets to higher-yield, higher-risk debt instruments, commonly known as "junk bonds", and floating rate senior loans, which may offer higher income in exchange for increased risk.
Products and Services
- Investment Grade Debt Instruments
These are securities with a high credit rating, signaling lower risk. The fund invests in a variety of these instruments, including corporate bonds which are debt securities issued by companies, and asset-backed securities which are secured by a pool of assets. The portfolio also includes mortgage-related securities and U.S. government and agency securities, providing a foundation of stability and income with relatively lower risk.
- Non-Investment Grade Debt Instruments
Up to 30% of the fund's assets may be allocated to these higher yield, higher risk debt instruments, also known as "junk bonds". These are bonds issued by entities with lower credit ratings, reflecting a higher risk of default compared to investment-grade securities. However, they offer the potential for higher returns, appealing to investors willing to accept increased risk for potentially higher income.
- Floating Rate Senior Loans
As part of its strategy to manage risk while seeking to maximize income, the fund invests in floating rate senior loans. These are loans that typically have variable interest rates, which can adjust over time with market conditions. They are senior to other forms of debt in terms of payment priority, which may offer a higher degree of security in the event of a borrower's default, while also providing a potential hedge against inflation.
