Aristotle Floating Rate Income Fund
Aristotle Fund Series Trust · 4 share classes
Fund classification
Classified from what the fund holds · as of 2026 Q2
Aristotle Floating Rate 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
- High yield
- Rate sensitivity
- Short duration
Fund profile
As filed in the prospectus · 2025 Q3
Aristotle Floating Rate Income Fund (the Fund) seeks a high level of current income.
The fund invests principally in floating rate loans and floating rate debt securities, at least 80% of assets, selecting individual securities through a sub-adviser's fundamental research that combines bottom-up issuer analysis with top-down market assessment; the sub-adviser targets non-investment grade instruments or unrated debt of comparable quality, and may hold up to 20% in other debt types including high yield bonds. Because security selection depends on the sub-adviser's credit analysis and relative value judgments for each potential investment, portfolio composition will reflect those determinations.
| Share class | Expense ratio |
|---|---|
| PLFLX | 1.05% |
| PLFDX | 0.80% |
| PLFRX | 0.72% |
| PLBCX | 1.80% |
Portfolio turnover 122.00% · as of 2025 Q3
Allocation
Asset groups · long / short shown separately, never netted · 2026 Q2
| Loans | 91.69% |
| Cash & short-term | 12.12% |
| Bonds | 5.79% |
| Securitized | 0.05% |
| Stocks | 0.01% |
Look-through blends 5 underlying funds; 0.0% of NAV was not looked through and stays direct-classified.
Sector allocation
The same holdings as Allocation above, grouped by market sector instead of asset type · as of 2026 Q2
| Other | 66.4% |
| Cash | 10.1% |
| Information Technology | 7.2% |
| International | 6.8% |
| 6 smaller | 9.5% |
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: DISCOVERY HOLDINGS INC, HOPPER MERGER SUB INC, COLOSSUS ACQUIRECO LLC, TKO WORLDWIDE HOLDINGS, BIOMARIN PHARMACEUTICAL, QXO BUILDING PRODUCTS, VSE CORP, BELDEN INC.
Largest exited: ALLIANT HOLD / CO-ISSUER ×2, HOPPER MERGER SUB INC, BROADSTREET PARTNERS INC, BIOMARIN PHARMACEUTICAL, FOCUS FINANCIAL PARTNERS LLC, CFC USA 2025 LLC, VSE Corp
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 |
|---|---|---|---|---|---|
| +6.62% | +25.14% | — | 2.33% | -1.30% | |
| +6.89% | +26.05% | — | 2.32% | -1.25% | |
| +6.97% | +26.31% | — | 2.33% | -1.24% | |
| +5.84% | +22.25% | — | 2.32% | -1.42% |
These classes hold the same portfolio, so the 4.06pp spread over 3 years is the cost difference between them — roughly 1.35pp a year — not a difference in what they own.
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.
| Floating rate | 96.2% |
| Fixed rate | 3.8% |
Share of the fund's debt value in each maturity band, shortest first.
| <1y | 0.3% |
| 1-3y | 26.5% |
| 3-5y | 19.4% |
| 5-10y | 53.8% |
These three overlap — one holding can be in arrears and paying in kind at once — so they are shown separately and never summed.
Risk profile
Interest-rate and credit-spread sensitivity, both in years · as of 2026Q2
Interest-rate moves barely touch this fund — but its credit exposure is real: a 100bp widening in credit spreads costs roughly 3.5%. Duration alone would have told you none of that.
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 | 98% |
| Interest rates | 2% |
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.
| High yield | +3.23 yr |
| Investment grade | +0.28 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 | 0.01 yr | 9% |
| 1 yr | 0.04 yr | 53% |
| 5 yr | 0.03 yr | 34% |
| 10 yr | 0.00 yr | 4% |
| 3 mo | 3.02 yr | 86% |
| 1 yr | 0.11 yr | 3% |
| 5 yr | 0.31 yr | 9% |
| 10 yr | 0.08 yr | 2% |
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 | +0.01 | +0.28 | +2.74 | $100.4k | $986.4k |
| 1 yr | +0.04 | +0.00 | +0.11 | $0 | $38.8k |
| 5 yr | +0.03 | +0.00 | +0.31 | $0 | $110.1k |
| 10 yr | +0.00 | +0.00 | +0.08 | $0 | $28.0k |
| 30 yr | +0.00 | +0.00 | +0.00 | $0 | $0 |
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 |
|---|---|---|---|---|
| — | US BANK MMDA - USBGFS 9 | 7.90% | $284.42M | — |
| — | GAINWELL ACQUISITION COR7.80% floating · due 2027-10-01 | 4.30% | $154.74M | — |
| — | PROOFPOINT INC6.70% floating · due 2028-08-31 | 3.45% | $124.35M | — |
| — | CRC INSURANCE GROUP LLC8.45% floating · due 2032-05-06 | 3.33% | $119.80M | — |
| — | Goldman Sachs Trust | 3.13% | $112.58M | — |
| — | TK ELEVATOR US NEWCO INC6.38% floating · due 2030-04-30 | 2.95% | $106.34M | — |
| — | COVETRUS INC8.70% floating · due 2029-10-15 | 2.55% | $91.95M | — |
| — | DISCOVERY HOLDINGS INC6.14% floating · due 2033-05-27 | 2.42% | $87.23M | — |
| — | ALLIED UNIVERSAL HOLDCO6.90% floating · due 2032-08-20 | 2.39% | $86.02M | — |
| — | ELLUCIAN HOLDINGS INC8.40% floating · due 2032-11-22 | 2.26% | $81.41M | — |
Top 10 positions are 34.68% of net assets, top 25 58.69%, across 119 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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