Aristotle Core Income Fund Class I-2
PLIDX
NASDAQ- -
USD
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- -
Capital Structure
FRC
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in mil. unless spec.Working Capital
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in mil. unless spec.Growth Rates
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in mil. unless spec.Quarterly Revenue
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in mil. unless spec.Quarterly Earnings Per Share
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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
- Jun 29, 2012
- CIK
- 0001137761
- Website
- aristotlefunds.com
- Similar Companies
- Business
- Aristotle Core Income Fund Class I-2 (PLIDX) is an open-end mutual fund that seeks a high level of current income, with capital appreciation of secondary importance; it invests principally in income-producing debt instruments, including at least 60% in investment-grade debt such as corporate debt securities, asset-backed securities, mortgage-related securities, U.S. government securities and agency securities, and up to 35% or 40% in non-investment grade high yield debt instruments and floating rate senior loans. The fund maintains a diversified portfolio across sectors including corporate bonds (approximately 39%), government securities (24%), agency mortgage-backed securities (11%), asset-backed securities (10%), and bank loans (9%), with moderate interest-rate sensitivity and a focus on mid-credit quality. Managed within the Intermediate Core-Plus Bond category by a team including David Weismiller (since inception), it operates with a net expense ratio of 0.55%, total assets of approximately $3.2 billion, and a 30-day SEC yield around 4.89% as of recent data. Aristotle Funds Series Trust, headquartered in Milwaukee, Wisconsin, launched the Aristotle Core Income Fund share classes with inception dates including December 31, 2010 for related Class I (PLIIX) and June 29, 2012 for Class I-2 (PLIDX); the fund is sub-advised by Aristotle Pacific Capital in Newport Beach, California, which applies fundamental credit analysis across fixed-income strategies. The fund targets institutional and qualified investors, with a minimum initial investment of $1 for basic accounts, and is available primarily in the United States. In recent developments effective March 1, 2025, Aristotle Pacific Capital announced portfolio manager changes across its fixed-income funds, including the addition of Jeff Klingelhofer to the Aristotle Core Bond Fund team alongside David Weismiller and Ying Qiu, reflecting ongoing enhancements to management expertise; while not directly specified for PLIDX, these adjustments underscore strategic realignments in the firm's credit-focused approach amid market conditions. The fund continues to emphasize flexibility in responding to credit and interest-rate opportunities, with portfolio turnover at 73% and holdings in top securities such as U.S. Treasury Notes and Federal Home Loan Mortgage Corp. bonds.