ARSSX Fees and Costs — Aristotle Strategic Credit Fund, Class I
Data updated: 2023-08-25
The net expense ratio is 0.62%: a 0.47% management fee plus 2.21% other expenses, less a 2.06% fee waiver. This share class carries a redemption fee of 1.00%. In fiscal 2022 the fund paid $110 in broker commissions, 0.0014% of average net assets, and portfolio turnover was 34%.
ARSSX Fees and Expenses
Annual operating expenses and sales charges of ARSSX. Prospectus, as of April 30, 2023.
| Annual operating expenses | |
|---|---|
| Management fee | 0.47% |
| 12b-1 fee | 0.00% |
| Other expenses | 2.21% |
| Gross expense ratio | 2.68% |
| Fee waiver | −2.06% |
| Net expense ratio | 0.62% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | 1.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
ARSSX Costs Over Time
On $10,000 invested in ARSSX, assuming 5% a year before costs, total costs come to $392 over 5 years, cutting the return by 0.65% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Fund expenses (net expense ratio 0.62%) | $65 | $204 | $355 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $0 | $10 | $36 |
| Total costs | $65 | $214 | $392 |
| Value after costs | $10,435 | $11,362 | $12,371 |
| Impact on return, per year | 0.65% | 0.65% | 0.65% |
ARSSX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending December 31, 2022.
- Explicit cost rate (commissions ÷ average net assets): 0.0014%
- Total broker commissions: $110
- Bought from dealers (principal trades, not a cost): $5.2M
- Portfolio turnover (prospectus): 34%
- Securities lending: none during the year
ARSSX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| BANC OF AMERICA SECURITIES LLC | $81 | 73.64% |
| CITIGROUP GLOBAL MARKETS INC. | $29 | 26.36% |
ARSSX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MARKETAXESS CORPORATION | $1.2M | 26.87% |
| MORGAN STANLEY | $657K | 14.36% |
| J.P. MORGAN SECURITIES LLC | $476K | 10.41% |
| WELLS FARGO CLEARING SERVICES, LLC | $431K | 9.41% |
| GOLDMAN SACHS & CO. LLC | $356K | 7.77% |
| BARCLAYS CAPITAL INC. | $317K | 6.94% |
| BANC OF AMERICA SECURITIES LLC | $316K | 6.91% |
| SUMRIDGE PARTNERS, LLC | $303K | 6.63% |
| GREAT PACIFIC SECURITIES | $246K | 5.38% |
| JEFFERIES LLC | $244K | 5.32% |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.