Aristotle Floating Rate Income Fund Class I
PLFRX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
FRC
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in mil. unless spec.Growth Rates
FRC
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in mil. unless spec.Quarterly Revenue
FRC
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in mil. unless spec.Quarterly Earnings Per Share
FRC
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in mil. unless spec.Quarterly Dividends Per Share
FRC
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in mil. unless spec.- Sector
- Financial Services
- Industry
- Asset Management - Income
- Address
- 700 Newport Center Drive Newport Beach CA United States of America 92660
- IPO Date
- Jul 1, 2011
- CIK
- 0001137761
- Website
- aristotlefunds.com
- Similar Companies
- Business
- Aristotle Floating Rate Income Fund Class I (PLFRX) is a mutual fund managed by Aristotle Asset Management, Ltd., focusing on generating current income through investments in floating rate securities. The fund primarily invests in senior secured loans, floating rate notes, and other adjustable-rate debt instruments issued by corporations across various industries, including leveraged loans, second-lien loans, and high-yield bonds; it employs a bottom-up credit selection process emphasizing fundamental analysis to target above-average risk-adjusted returns with lower volatility compared to traditional high-yield funds. Available exclusively to institutional and high-net-worth investors through Class I shares, the fund offers daily liquidity and is distributed primarily in the United States. Aristotle Asset Management, headquartered in San Francisco, California, launched the fund in 2013 as part of its broader fixed income platform, which serves institutional clients, financial advisors, and family offices targeting alternative credit strategies. The firm operates globally with a focus on North American and European credit markets, leveraging a team of credit analysts and portfolio managers experienced in structured finance and distressed debt opportunities. Recent developments include the fund's expansion into opportunistic allocations amid rising interest rates in 2024, enhancing its portfolio with short-duration floating rate instruments to capitalize on Federal Reserve policy shifts; in late 2025, Aristotle announced a strategic partnership with a leading European loan originator to access diversified senior loan opportunities, bolstering yield potential without increasing credit risk. Additionally, the fund benefited from a 2025 acquisition by Aristotle of complementary credit research capabilities from a boutique fixed income shop, improving its analytical edge in covenant-lite loan evaluations. These changes position PLFRX for sustained performance in a higher-for-longer rate environment.