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Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Aristotle Floating Rate Income Fund

PLFDX | Fund

$9.53

$3.75 B

8.15%

$0.78

0.81%

Vitals

YTD Return

7.9%

1 yr return

9.7%

3 Yr Avg Return

6.7%

5 Yr Avg Return

5.4%

Net Assets

$3.75 B

Holdings in Top 10

31.3%

52 WEEK LOW AND HIGH

$9.5
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.81%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 90.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$0

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/21/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Aristotle Floating Rate Income Fund

PLFDX | Fund

$9.53

$3.75 B

8.15%

$0.78

0.81%

PLFDX - Profile

Distributions

  • YTD Total Return 7.9%
  • 3 Yr Annualized Total Return 6.7%
  • 5 Yr Annualized Total Return 5.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.81%
DIVIDENDS
  • Dividend Yield 8.1%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Aristotle Floating Rate Income Fund
  • Fund Family Name
    pacific funds series trust
  • Inception Date
    Jun 29, 2012
  • Shares Outstanding
    N/A
  • Share Class
    I2
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Marzouk

Fund Description

This Fund invests principally in income producing floating rate loans and floating rate debt securities. Under normal circumstances, this Fund invests at least 80% of its assets in floating rate loans and floating rate debt securities. Floating rate loans and floating rate debt securities are those with interest rates which float, adjust, or vary periodically based upon a benchmark indicator, a specified adjustment schedule or prevailing interest rates. Floating rate loans and floating rate debt securities in which the Fund invests consist of senior secured and unsecured floating rate loans, secured and unsecured second lien floating rate loans, and floating rate debt securities of domestic and foreign issuers. Senior floating rate loans and some floating rate debt securities are debt instruments that may have a right to payment that is senior to most other debts of the borrowers. Second lien loans are generally second in line in terms of repayment priority with respect to the pledged collateral. Borrowers may include corporations, partnerships and other entities that operate in a variety of industries and geographic regions. Generally, secured floating rate loans are secured by specific assets of the borrower. A significant portion of the floating rate loans held by the Fund may be “covenant lite” loans.
Floating rate loans will generally be purchased from banks or other financial institutions through assignments or participations. A direct interest in a floating rate loan may be acquired directly from the agent of the lender or another lender by assignment or an indirect
interest may be acquired as a participation in another lender’s portion of a floating rate loan.
The Fund is expected to invest substantially all of its assets in floating rate loans and other debt instruments that are rated non-investment grade or, if unrated, are of comparable quality as determined by the sub-adviser. The Fund 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.
The Fund may invest up to 25% of its assets in U.S. dollar denominated foreign investments, principally in developed markets.
Fundamental Research Process. Individual investment selection is based on the sub-adviser’s fundamental research process. The sub-adviser’s fundamental research process combines a bottom-up issuer analysis and top-down market assessment. A bottom-up issuer analysis relies upon the sub-adviser’s fundamental research analysis of individual issuers. A top-down market assessment provides a framework for portfolio risk positioning and sector allocations. Once this is determined, the sub-adviser looks for companies that it believes have sustainable competitive positions, strong management teams and the ability to repay or refinance its debt obligations. The sub-adviser performs a credit analysis on each potential issuer and a relative value analysis for each potential investment. When selecting investments, the sub-adviser may invest in instruments that it believes have the potential for capital appreciation.
An investment is generally sold when the issue has realized its price appreciation target, the issue no longer offers relative value, or an adverse change in corporate or sector fundamentals has occurred.
Read More

PLFDX - Performance

Return Ranking - Trailing

Period PLFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -4.1% 10.2% 32.83%
1 Yr 9.7% -3.7% 14.6% 40.75%
3 Yr 6.7%* -6.9% 8.3% 7.00%
5 Yr 5.4%* -6.2% 38.4% 17.84%
10 Yr 4.0%* -2.2% 19.7% 35.16%

* Annualized

Return Ranking - Calendar

Period PLFDX Return Category Return Low Category Return High Rank in Category (%)
2023 4.0% -12.0% 11.1% 14.66%
2022 -6.1% -22.9% 5.1% 25.48%
2021 0.7% -12.2% 11.1% 70.36%
2020 -2.6% -14.1% 289.8% 51.44%
2019 2.9% -8.1% 7.5% 46.19%

Total Return Ranking - Trailing

Period PLFDX Return Category Return Low Category Return High Rank in Category (%)
YTD 7.9% -4.1% 10.2% 32.83%
1 Yr 9.7% -3.7% 14.6% 40.75%
3 Yr 6.7%* -6.9% 8.3% 7.00%
5 Yr 5.4%* -6.2% 38.4% 17.84%
10 Yr 4.0%* -2.2% 19.7% 35.16%

* Annualized

Total Return Ranking - Calendar

Period PLFDX Return Category Return Low Category Return High Rank in Category (%)
2023 14.6% -12.0% 22.1% 12.78%
2022 -0.5% -22.9% 5.1% 10.04%
2021 5.0% -10.2% 11.1% 37.94%
2020 1.8% -14.1% 306.9% 47.33%
2019 5.4% -3.6% 10.5% 84.32%

NAV & Total Return History

PLFDX - Holdings

Concentration Analysis

PLFDX Category Low Category High PLFDX % Rank
Net Assets 3.75 B 29.9 M 13.5 B 14.62%
Number of Holdings 182 2 1977 88.76%
Net Assets in Top 10 1.34 B -191 M 2.37 B 3.49%
Weighting of Top 10 31.33% 5.2% 100.7% 10.89%

Top 10 Holdings

  1. US BANK MMDA - USBGFS 9 9.69%
  2. AssuredPartners Inc 3.86%
  3. UKG Inc 3.69%
  4. Allied Universal Holdco LLC 2.36%
  5. Dynasty Acquisition Co Inc 2.22%
  6. HUB International Ltd 2.04%
  7. Titan Acquisition Ltd/Canada 2.03%
  8. Filtration Group Corp 1.83%
  9. Epicor Software Corp 1.82%
  10. Acrisure LLC 1.78%

Asset Allocation

Weighting Return Low Return High PLFDX % Rank
Bonds 		92.08% 0.00% 161.82% 82.95%
Cash 		9.69% -61.90% 16.36% 10.85%
Stocks 		5.70% 0.00% 100.74% 12.02%
Convertible Bonds 		0.02% 0.00% 5.51% 46.88%
Preferred Stocks 		0.00% -3.99% 7.30% 89.53%
Other 		0.00% -52.39% 34.87% 85.27%

Stock Sector Breakdown

Weighting Return Low Return High PLFDX % Rank
Communication Services 		48.28% 0.00% 100.00% 30.43%
Energy 		44.83% 0.00% 100.00% 24.35%
Industrials 		6.90% 0.00% 100.00% 18.26%
Utilities 		0.00% 0.00% 100.00% 90.43%
Technology 		0.00% 0.00% 100.00% 91.30%
Real Estate 		0.00% 0.00% 48.61% 85.22%
Healthcare 		0.00% 0.00% 100.00% 84.35%
Financial Services 		0.00% 0.00% 89.61% 84.35%
Consumer Defense 		0.00% 0.00% 100.00% 87.83%
Consumer Cyclical 		0.00% 0.00% 97.66% 87.83%
Basic Materials 		0.00% 0.00% 1.36% 85.22%

Stock Geographic Breakdown

Weighting Return Low Return High PLFDX % Rank
US 		5.70% -0.01% 100.74% 12.02%
Non US 		0.00% 0.00% 0.68% 85.66%

Bond Sector Breakdown

Weighting Return Low Return High PLFDX % Rank
Corporate 		90.81% 0.00% 99.80% 39.84%
Cash & Equivalents 		9.69% 0.00% 25.03% 8.91%
Derivative 		0.00% -10.96% 0.59% 83.72%
Securitized 		0.00% 0.00% 91.68% 91.02%
Municipal 		0.00% 0.00% 0.47% 85.55%
Government 		0.00% 0.00% 3.18% 87.89%

Bond Geographic Breakdown

Weighting Return Low Return High PLFDX % Rank
US 		92.08% 0.00% 123.41% 53.88%
Non US 		0.00% 0.00% 63.23% 89.53%

PLFDX - Expenses

Operational Fees

PLFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.81% 0.03% 5.51% 75.09%
Management Fee 0.75% 0.00% 1.89% 83.02%
12b-1 Fee N/A 0.00% 1.00% 10.46%
Administrative Fee 0.15% 0.02% 0.27% 83.33%

Sales Fees

PLFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

PLFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

PLFDX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 90.00% 4.00% 180.00% 82.72%

PLFDX - Distributions

Dividend Yield Analysis

PLFDX Category Low Category High PLFDX % Rank
Dividend Yield 8.15% 0.00% 11.13% 24.81%

Dividend Distribution Analysis

PLFDX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

PLFDX Category Low Category High PLFDX % Rank
Net Income Ratio 3.81% 1.77% 9.82% 37.80%

Capital Gain Distribution Analysis

PLFDX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

PLFDX - Fund Manager Analysis

Managers

Michael Marzouk

Start Date

Tenure

Tenure Rank

Jun 30, 2011

10.93

10.9%

Michael is a Managing Director for Pacific Asset Management. Michael is a Portfolio Manager for the Corporate (Bank) Loan Strategy and CLO Strategy, along with Strategies that incorporate bank loan instruments. Michael joined the firm in 2007 and became a full portfolio manager on the Strategy in 2010. Prior to joining Pacific Asset Management in 2007, Michael worked in investment banking most recently as Vice President in the Leveraged Finance Group at Royal Bank of Scotland. During his tenure in investment banking, Michael’s experience included leveraged buy-outs and merger and acquisitions advisory work. He received his B.A. summa cum laude in Business-Economics from UCLA and his MBA from the Anderson School of Management at UCLA. Michael is a CFA Charterholder and member of the CFA Society of Los Angeles.

J.P. Leasure

Start Date

Tenure

Tenure Rank

Jun 30, 2011

10.93

10.9%

JP is a Senior Managing Director for Pacific Asset Management and a member of the firm’s Executive Committee. JP is a Portfolio Manager for the Corporate (Bank) Loan Strategy and CLO Strategy. Prior to being a founding member of Pacific Asset Management in 2007, from 1997-2006, JP was a senior member of Pacific Life’s credit research team overseeing investments in corporate bonds, high yield, and bank loan securities. Prior to joining Pacific Life, JP was a member of Credit Lyonnais’ Leveraged Finance Group. JP has over 22 years of investment and banking experience and holds a bachelor’s degree from the University of California, Los Angeles and an MBA from Columbia University.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.07 3.25

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