Aristotle Funds Reduces Fees of Four Funds
Aristotle Funds announced a reduction in management fees for four of its funds as part of an ongoing commitment to deliver value to investors.
The Aristotle Funds fee reductions?which took effect April 1, 2024?vary by fund and share class (see table below and the applicable fund's prospectus) and include a 10-basis-point management fee cut to Aristotle Core Income Fund Class I shares, an intermediate-term fixed-income offering with a 5-Star Overall Morningstar Ratingtm as of February 29, 2024.
"We continually review how we can better serve investors in achieving their long-term financial goals through our investment solutions and the fee reductions announced today have come out of these discussions," said Dominic Nolan, chief executive officer of Aristotle Investment Services, LLC, the investment adviser to the Aristotle Funds. "We believe the lower management fees will not only benefit our investors but better position us for future growth."
Aristotle Funds has over $13.9 billion of assets under management (as of February 29, 2024).
Fund |
Ticker |
Share Class |
Percent Decrease |
Aristotle Core Income Fund |
PLIIX |
I |
18% |
Aristotle Strategic Income Fund |
PLSRX |
I |
8% |
Aristotle Short Duration Income Fund |
PLSDX |
I |
13% |
PLDSX |
I-2 |
2% |
|
Aristotle High Yield Bond Fund |
PLHIX |
I |
15% |
PLHYX |
I-2 |
7% |
More details about Aristotle Funds offerings can be found at AristotleFunds.com.
About Aristotle Funds
Aristotle Funds Series Trust is a family of mutual funds designed for growth, income generation, and diversification. Our managers seek to deliver consistent results with downside protection strategies to help shareholders meet their long-term financial goals. We provide value to our clients through high-quality service standards, thought leadership, and product innovation. For more information, please visit AristotleFunds.com.
About Aristotle
Aristotle's mission is to help clients reach their long-term financial goals with active portfolio management using our research-driven investment framework. Aristotle is a family of affiliates with five independent investment teams, specializing in equity and fixed income strategies, with offices in Los Angeles, Newport Beach, Boston and Sarasota. Each investment team is a registered investment advisor. All Aristotle affiliates are PRI Signatories. Aristotle is backed by an experienced leadership team that has worked together for over 25 years. For market commentary, news and insights from all Aristotle affiliates, please visit AristotleCap.com.
Disclosure
Morningstar calculates a Morningstar Ratingtm based on a Morningstar Risk-Adjusted Return measure that accounts for variation in a fund's monthly performance, placing more emphasis on downward variations and rewarding consistent performance. Exchange-traded funds and open-ended mutual funds are considered a single population for comparative purposes. The top 10% of funds in each category receive five stars, the next 22.5% receive four stars, the next 35% receive three stars, the next 22.5% receive two stars, and the bottom 10% receive one star. Morningstar Ratings for other share classes may have different performance characteristics. © 2024 Morningstar Investment Management, LLC. All Rights Reserved. The information contained herein: (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Aristotle Core Income Fund's Class I shares also received a ten-year rating of 5 stars out of 370 funds, a five-year rating of 5 stars out of 533 funds and a three-year rating of 5 stars out of 562 funds.
Investors should consider a fund's investment goal, risks, charges and expenses carefully before investing. Past performance is no guarantee of future results. The prospectus contains this and other information about the fund and can be obtained at www.aristotlefunds.com. It should be read carefully before investing.
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