Aristotle Core Income Fund Class I
PLIIX
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
FRC
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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
- Dec 31, 2010
- CIK
- 0001137761
- Website
- aristotlefunds.com
- Similar Companies
- Business
- Aristotle Core Income Fund Class I (PLIIX) is an open-end mutual fund that seeks a high level of current income, with capital appreciation as a secondary objective. The fund invests principally in income-producing debt instruments, allocating at least 60% of its assets to investment-grade debt securities including corporate bonds, U.S. Treasury notes, agency mortgage-backed securities, and asset-backed securities; up to 40% may be directed toward high-yield (non-investment grade) bonds, floating-rate senior loans, and bank loans. Its portfolio emphasizes diversification across sectors such as corporate bonds (39.25%), government securities (21.94%), and agency mortgage-backed (14.08%), with primary exposure to U.S. bonds (84.94%) and non-U.S. bonds (12.65%). Launched on December 31, 2010, the fund is managed under Aristotle Funds Series Trust and domiciled in the United States, with total net assets of approximately $3.20 billion as of the latest reporting. Aristotle Investment Services, LLC, formed in 2023 as an independent registered investment advisor, serves as advisor and administrator to the Aristotle Funds; the fixed-income strategy draws from affiliate Aristotle Pacific Capital, LLC, established in 2023 through an acquisition from Pacific Life and specializing in corporate credit, floating-rate loans, collateralized loan obligations (CLOs), high-yield, core-plus, and short-duration bonds. The management team includes David Weismiller (since inception), Michael Marzouk and Brian Robertson (since 2016), and Ying Qiu (since 2021), leveraging a foundation of corporate-credit research for flexible responses to opportunities in the investment-grade and credit spectrum. Geographic operations focus on U.S. fixed-income markets with limited non-U.S. bond exposure, targeting institutional and high-net-worth investors with a minimum initial investment of $500,000 for Class I shares and a net expense ratio of 0.45%. The fund operates within the intermediate core-plus bond category, offering daily pricing and no front-end or deferred loads. Aristotle Funds, the broader multi-manager platform (formerly associated with Pacific Funds), maintains headquarters linked to Aristotle Capital Management affiliates in Los Angeles, California, with additional offices in Newport Beach, Boston, and Sarasota.