Aristotle Floating Rate Income Fund Class A
PLFLX
NASDAQ9.22
USD
+0.01
- -
CIK
0001137761
ISIN
US04045F6262
CUSIP
04045F626
Return %
Stock
S&P500
1Y
-1.91
19.01
3Y
-1.50
65.48
5Y
-5.63
72.20
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management
- Address
- Newport Beach CA 92660 Newport Beach NJ United States of America 07102
- IPO Date
- Dec 29, 2011
- CIK
- 0001137761
- Website
- pgim.com
- Similar Companies
- Business
- Pacific Funds Series Trust - Pacific Funds Floating Rate Income Fund (Class A: PLFLX) is a mutual fund that seeks a high level of current income by investing primarily in floating or adjustable rate debt securities; senior loans to corporations and other non-government borrowers; high-yield corporate bonds; and other fixed-income instruments, including U.S. Treasury and agency securities, asset-backed securities, and mortgage-backed securities. The fund maintains a portfolio with an average duration of less than one year to mitigate interest rate risk, employs fundamental credit research and relative value analysis for security selection, and may use derivatives such as swaps, futures, and options for hedging and income enhancement. It targets below-investment-grade securities, emphasizing diversified exposure across industries such as technology, healthcare, consumer services, and energy, while limiting individual position sizes to manage credit and liquidity risks. Operated by Pacific Funds Series Trust, a Delaware statutory trust established in 2006 with administrative offices in Irvine, California, the fund serves retail and institutional investors seeking income from short-duration, floating-rate strategies amid varying interest rate environments. Geographic operations focus on U.S. dollar-denominated securities issued by domestic and foreign corporations, with primary exposure to North American borrowers but including select global opportunities through securitized products. The fund is subadvised by Pacific Asset Management, LLC, a subsidiary of Pacific Life Insurance Company, leveraging the parent's over 150 years of financial services expertise. In recent developments, the fund benefited from Pacific Life's strategic enhancements in 2024, including expanded subadvisory capabilities and integration of advanced portfolio analytics tools to improve yield optimization and risk-adjusted returns. No major acquisitions, funding rounds, or name changes have occurred within the last two years, though the fund launched enhanced share classes in 2023 to accommodate fee-waived promotions amid competitive pressures in the floating-rate ETF space. These adjustments support ongoing portfolio repositioning toward senior loans from stronger-balance-sheet issuers in response to elevated credit spreads post-2024 Federal Reserve rate adjustments.