Aristotle Ultra Short Income Fund
Name
As of 05/03/2024Price
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
Vitals
YTD Return
2.3%
1 yr return
5.9%
3 Yr Avg Return
N/A
5 Yr Avg Return
N/A
Net Assets
$49.4 M
Holdings in Top 10
24.6%
52 WEEK LOW AND HIGH
$10.1
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 0.57%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover N/A
Redemption Fee N/A
Min Investment
Standard (Taxable)
N/A
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/03/2024Price
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
PLUAX - Profile
Distributions
- YTD Total Return 2.3%
- 3 Yr Annualized Total Return N/A
- 5 Yr Annualized Total Return N/A
- Capital Gain Distribution Frequency N/A
- Net Income Ratio N/A
- Dividend Yield 5.0%
- Dividend Distribution Frequency None
Fund Details
-
Legal NameAristotle Ultra Short Income Fund
-
Fund Family NameAristotle Funds Series Trust
-
Inception DateJun 28, 2019
-
Shares OutstandingN/A
-
Share ClassA
-
CurrencyUSD
-
Domiciled CountryUS
Fund Description
The Fund primarily invests in investment grade, U.S. dollar-denominated short-term fixed and floating rate debt securities, including corporate debt securities, mortgage-related securities, asset-backed securities, U.S. government securities and agency securities and money market instruments such as commercial paper, certificates of deposit, time deposits, deposit notes and bank notes. Debt securities in which the Fund invests may include those denominated in U.S. dollars and issued by foreign entities.
The weighted average duration of this Fund will vary based on the sub-adviser’s market forecasts and will not normally exceed one year and may not exceed two years. Duration is often used to measure a bond’s or fund’s sensitivity to interest rates. The longer a fund’s duration, the more sensitive it is to Interest Rate Risk. The shorter a fund’s duration, the less sensitive it is to Interest Rate Risk.
The dollar weighted average maturity of this Fund will not exceed two years. Maturity of a debt instrument generally refers to the specific period of time until final payment (principal and any applicable interest) is due. In calculating average weighted maturities of mortgage related securities, asset-backed securities or similar securities, the maturity will be based on estimates of average life, which are based on prepayment assumptions.
The sub-adviser normally invests the Fund’s assets across different groups of industries/sectors but may invest a significant percentage of the Fund’s assets in issuers in a single sector. As of December 31, 2022, a significant portion of the Fund is represented by asset-backed securities. The components of the Fund are likely to change over time.
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.Individual investment selection is based on the sub-adviser’s fundamental research process. Individual investments may be purchased or sold in the event the sub-adviser decides to adjust debt asset class weightings within the portfolio. 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. The Fund is not a money market fund and is not subject to the special regulatory requirements designed to enable money market funds to maintain a stable share price.
PLUAX - Performance
Return Ranking - Trailing
Period | PLUAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.3% | N/A | N/A | N/A |
1 Yr | 5.9% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Return Ranking - Calendar
Period | PLUAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
Total Return Ranking - Trailing
Period | PLUAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 2.3% | N/A | N/A | N/A |
1 Yr | 5.9% | N/A | N/A | N/A |
3 Yr | N/A* | N/A | N/A | N/A |
5 Yr | N/A* | N/A | N/A | N/A |
10 Yr | N/A* | N/A | N/A | N/A |
* Annualized
Total Return Ranking - Calendar
Period | PLUAX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | N/A | N/A | N/A | N/A |
2022 | N/A | N/A | N/A | N/A |
2021 | N/A | N/A | N/A | N/A |
2020 | N/A | N/A | N/A | N/A |
2019 | N/A | N/A | N/A | N/A |
NAV & Total Return History
PLUAX - Holdings
Concentration Analysis
PLUAX | Category Low | Category High | PLUAX % Rank | |
---|---|---|---|---|
Net Assets | 49.4 M | N/A | N/A | N/A |
Number of Holdings | 146 | N/A | N/A | N/A |
Net Assets in Top 10 | 12.4 M | N/A | N/A | N/A |
Weighting of Top 10 | 24.59% | N/A | N/A | N/A |
Top 10 Holdings
- Magnetite Xxix Ltd 4.20%
- US BANK MMDA - USBGFS 9 4.01%
- Magnetite XII Ltd 3.38%
- Magnetite VIII Ltd 2.73%
- Magnetite XVII Ltd 1.98%
- Morgan Stanley 1.98%
- United States Treasury Note/Bond 1.77%
- JPMorgan Chase Co 1.69%
- BA Credit Card Trust 1.51%
- Magnetite XVIII Ltd 1.35%
Asset Allocation
Weighting | Return Low | Return High | PLUAX % Rank | |
---|---|---|---|---|
Bonds | 89.67% | N/A | N/A | N/A |
Other | 8.35% | N/A | N/A | N/A |
Cash | 4.01% | N/A | N/A | N/A |
Stocks | 0.00% | N/A | N/A | N/A |
Preferred Stocks | 0.00% | N/A | N/A | N/A |
Convertible Bonds | 0.00% | N/A | N/A | N/A |
Bond Sector Breakdown
Weighting | Return Low | Return High | PLUAX % Rank | |
---|---|---|---|---|
Cash & Equivalents | 4.01% | N/A | N/A | N/A |
Derivative | 0.00% | N/A | N/A | N/A |
Securitized | 0.00% | N/A | N/A | N/A |
Corporate | 0.00% | N/A | N/A | N/A |
Municipal | 0.00% | N/A | N/A | N/A |
Government | 0.00% | N/A | N/A | N/A |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PLUAX % Rank | |
---|---|---|---|---|
US | 89.67% | N/A | N/A | N/A |
Non US | 0.00% | N/A | N/A | N/A |
PLUAX - Expenses
Operational Fees
PLUAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.57% | N/A | N/A | N/A |
Management Fee | 0.32% | N/A | N/A | N/A |
12b-1 Fee | N/A | N/A | N/A | N/A |
Administrative Fee | N/A | N/A | N/A | N/A |
Sales Fees
PLUAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | N/A | N/A | N/A |
Deferred Load | N/A | N/A | N/A | N/A |
Trading Fees
PLUAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | N/A | N/A | 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.
PLUAX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | N/A | N/A | N/A | N/A |
PLUAX - Distributions
Dividend Yield Analysis
PLUAX | Category Low | Category High | PLUAX % Rank | |
---|---|---|---|---|
Dividend Yield | 5.04% | N/A | N/A | N/A |
Dividend Distribution Analysis
PLUAX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | None |
Net Income Ratio Analysis
PLUAX | Category Low | Category High | PLUAX % Rank | |
---|---|---|---|---|
Net Income Ratio | N/A | N/A | N/A | N/A |
Capital Gain Distribution Analysis
PLUAX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.042 | OrdinaryDividend |
Mar 28, 2024 | $0.045 | OrdinaryDividend |
Feb 29, 2024 | $0.042 | OrdinaryDividend |
Jan 31, 2024 | $0.045 | OrdinaryDividend |
Dec 29, 2023 | $0.045 | OrdinaryDividend |
Nov 30, 2023 | $0.045 | OrdinaryDividend |
Oct 31, 2023 | $0.044 | OrdinaryDividend |
Sep 29, 2023 | $0.042 | OrdinaryDividend |
Aug 31, 2023 | $0.043 | OrdinaryDividend |
Jul 31, 2023 | $0.041 | OrdinaryDividend |
Jun 30, 2023 | $0.038 | OrdinaryDividend |
May 31, 2023 | $0.040 | OrdinaryDividend |
Apr 28, 2023 | $0.015 | OrdinaryDividend |