Aristotle Core Income Fund
Aristotle Fund Series Trust · 5 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Aristotle Core Income Fund is an actively managed U.S. bond fund.
- Asset class
- Bonds
- Region
- United States
- Management
- Actively managed
- Fund type
- Open-end fund
- Credit quality
- Investment grade
- Rate sensitivity
- Intermediate duration
Fund profile
As filed in the prospectus · 2025 Q4
Aristotle Core Income Fund (the Fund) seeks a high level of current income;
The fund invests principally in income-producing debt instruments, holding at least 60% in investment-grade securities rated BBB-/Baa3 or higher, along with up to 35% in high-yield debt and floating rate senior loans; day-to-day decisions are made by a sub-adviser that applies fundamental credit analysis to select issuers with sustainable competitive positions and ability to service debt. The sub-adviser may also invest in unrated securities it determines to be of comparable quality to investment grade. Because individual investment selection depends on the sub-adviser's credit analysis and relative value judgments, portfolio composition will differ from any benchmark.
| Share class | Expense ratio | As of |
|---|---|---|
| PLIAX | 0.85% | 2026 Q1 |
| PLNCX | 1.60% | 2026 Q1 |
| PLIIX | 0.45% | 2026 Q1 |
| PLIDX | 0.55% | 2026 Q1 |
| PLIHX | 0.46% | 2025 Q4 |
Portfolio turnover 73.00% · as of 2025 Q4
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Bonds | 60.70% |
| Securitized | 30.16% |
| Cash & short-term | 8.19% |
| Loans | 7.17% |
| Stocks | 0.33% |
These positions come to 106.55% of the fund's net assets. This counts only what the fund reported holding — the holdings disclosure covers assets, not liabilities such as borrowings — so it is not expected to reconcile to 100%.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Securitized | 28.3% |
| Other | 20.9% |
| Government | 17.8% |
| Financials | 9.0% |
| 10 smaller | 24.0% |
Government, Securitized and Cash are non-corporate buckets; International is foreign holdings we don’t sector-classify, and Other is the residual (held funds, unresolved names).
Latest quarter
What changed since the fund's previous filing
Largest new: Clear Street LLC, US TREASURY N/B ×2, Fannie Mae, QTS FAYETTEV I DC1-2/TRS, Onslow Bay Financial LLC, AZURIA WATER SOLUTN INC, SPACE EXPLORATION TECH
Largest exited: US TREASURY N/B, AZURIA WATER SOLUTN INC, COLOSSUS ACQUIRECO LLC, AMERICAN INTERNATIONAL, ENBRIDGE INC, Fannie Mae, AMGEN INC, VERIZON COMMUNICATIONS
Return profile
Total return as filed — price change plus distributions reinvested · trailing figures to Apr 2026
| Share class | 1-year | 3-year | 5-year | Vol | Worst fall |
|---|---|---|---|---|---|
| +4.66% | +12.93% | — | 3.17% | -4.83% | |
| +3.77% | +10.30% | — | 3.27% | -5.28% | |
| +5.10% | +14.16% | — | 3.20% | -4.79% | |
| +4.99% | +13.95% | — | 3.16% | -4.75% | |
| — | — | — | — | — |
May 2026 and Jun 2026 have been filed since the trailing figures were struck, so they are not in the table above or the curve — every figure here shares one cut-off, which is what makes them comparable with other funds.
Debt profile
What this fund holds — value-weighted across its bond and securitized long positions · as of 2026-06-30
Share of the fund's debt by how its coupon behaves — the fact that decides whether a rate move reaches this portfolio at all.
| Fixed rate | 68.5% |
| Floating rate | 31.5% |
Share of the fund's debt value in each maturity band, shortest first.
| 1-3y | 3.1% |
| 3-5y | 8.4% |
| 5-10y | 37.4% |
| 10y+ | 51.1% |
Based on what filers reported; a filer that never reported a flag also reads as none.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
More of this fund’s sensitivity sits in credit spreads than in interest rates — a rate rally that comes with a credit selloff works against it.
Where the loss would come from. The two shocks are the same size, so this is the balance of the fund's two sensitivities rather than a bet on one moving more.
| Credit spreads | 51% |
| Interest rates | 49% |
Filers report the impact of a 0.01% move only, so the total is our own scaling of that one number and overstates the loss on most bonds — read it as approximate, never as precise. The two sensitivities overlap rather than add up: they measure the same positions against different shocks, which is why the durations above are shown side by side and never summed.
Share of the fund's spread duration carried by each credit tier.
| Investment grade | +5.74 yr |
| High yield | +0.44 yr |
Share of duration at each point, shortest first. A positive figure loses value when spreads widen; a negative one offsets — a credit hedge.
| 3 mo | 0.03 yr | 0% |
| 1 yr | 0.28 yr | 5% |
| 5 yr | 1.16 yr | 19% |
| 10 yr | 2.62 yr | 44% |
| 30 yr | 1.91 yr | 32% |
| 3 mo | 0.30 yr | 5% |
| 1 yr | 0.29 yr | 5% |
| 5 yr | 1.17 yr | 19% |
| 10 yr | 2.57 yr | 42% |
| 30 yr | 1.84 yr | 30% |
The two bands measure the same positions against different shocks and do not add — a Treasury carries rate duration and no spread duration, a floating-rate credit the reverse. Rate tenors are also summed across every currency the fund discloses.
Show the numbers
| Tenor | Rate yrs | IG yrs | HY yrs | IG $/bp | HY $/bp |
|---|---|---|---|---|---|
| 3 mo | +0.03 | +0.06 | +0.25 | $17.2k | $77.8k |
| 1 yr | +0.28 | +0.23 | +0.06 | $70.5k | $20.0k |
| 5 yr | +1.16 | +1.08 | +0.09 | $337.5k | $27.9k |
| 10 yr | +2.62 | +2.53 | +0.03 | $790.0k | $10.2k |
| 30 yr | +1.91 | +1.84 | +0.00 | $573.8k | $70 |
Dollar change per 1bp of spread movement, as filed and sign-anchored. A blank cell was not filed; a zero was.
Holdings
By % of NAV · equity positions carry filed share counts · every resolvable issuer links to its company page
| Ticker | Issuer | %NAV | Value | Shares |
|---|---|---|---|---|
| — | Goldman Sachs Trust | 4.00% | $124.71M | — |
| — | US TREASURY N/B4.13% · due 2036-02-15 | 2.65% | $82.60M | — |
| — | Clear Street LLC | 2.40% | $75.00M | — |
| — | US BANK MMDA - USBGFS 9 | 1.79% | $55.74M | — |
| — | Fannie Mae4.00% · due 2054-11-01 | 1.32% | $41.22M | — |
| — | US TREASURY N/B4.25% · due 2035-08-15 | 1.24% | $38.51M | — |
| — | US TREASURY N/B4.25% · due 2034-11-15 | 1.19% | $37.14M | — |
| — | US TREASURY N/B4.63% · due 2035-02-15 | 1.15% | $35.86M | — |
| — | FHLMC Multifamily Structured P4.12% floating · due 2032-12-25 | 1.00% | $31.14M | — |
| — | US TREASURY N/B4.00% · due 2034-02-15 | 0.88% | $27.56M | — |
Top 10 positions are 17.62% of net assets, top 25 28.22%, across 256 issuers.
See more of this fund's book
More positions with filed share counts, and the quarter-over-quarter change list rather than the largest few — free with an account, no card required.
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