PLFRX Fees and Costs — Aristotle Floating Rate Income Fund, Class I
Data updated: 2026-08-26
The net expense ratio is 0.73%. There are no sales loads or redemption fees. In fiscal 2026 the fund paid $134K in broker commissions, 0.0035% of average net assets, and portfolio turnover was 170%.
PLFRX Fees and Expenses
Annual operating expenses and sales charges of PLFRX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.67% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.03% |
| Gross expense ratio | 0.73% |
| Fee waiver | — |
| Net expense ratio | 0.73% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | No |
| Waived fees subject to recoupment | Yes |
PLFRX Costs Over Time
On $10,000 invested in PLFRX, assuming 5% a year before costs, total costs come to $461 over 5 years, cutting the return by 0.77% 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 0.73%) | $77 | $240 | $417 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $12 | $42 |
| Total costs | $77 | $253 | $461 |
| Value after costs | $10,423 | $11,323 | $12,302 |
| Impact on return, per year | 0.77% | 0.77% | 0.77% |
PLFRX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending March 31, 2026.
- Explicit cost rate (commissions ÷ average net assets): 0.0035%
- Total broker commissions: $134K
- Bought from dealers (principal trades, not a cost): $11.8B
- Portfolio turnover (prospectus): 170%
- Securities on loan, average value: $63.6M
- Net income from securities lending: —
PLFRX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| JANE STREET EXECUTION SERVICES LLC | $50K | 37.02% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $24K | 17.81% |
| J.P. MORGAN SECURITIES LLC | $19K | 14.12% |
| MORGAN STANLEY & CO. LLC | $17K | 12.37% |
| GOLDMAN SACHS & CO. LLC | $11K | 8.57% |
| CITADEL SECURITIES LLC | $7K | 5.44% |
| BARCLAYS CAPITAL INC. | $6K | 4.67% |
PLFRX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $2.5B | 24.01% |
| J.P. MORGAN SECURITIES LLC | $2.4B | 22.84% |
| GOLDMAN SACHS & CO. LLC | $1.4B | 13.14% |
| BOFA SECURITIES INC. | $1.3B | 12.44% |
| RBC CAPITAL MARKETS LLC | $775.4M | 7.45% |
| CITIGROUP GLOBAL MARKETS INC. | $577.4M | 5.55% |
| JEFFERIES LLC | $474.4M | 4.56% |
| UBS SECURITIES LLC | $468.8M | 4.51% |
| BARCLAYS CAPITAL INC. | $297.6M | 2.86% |
| WELLS FARGO SECURITIES LLC | $274.5M | 2.64% |
Aristotle Floating Rate Income Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| PLFRX | Class I | 0.73% | none |
| PLFDX | Class I-2 | 0.81% | none |
| PLFLX | Class A | 1.06% | 3.00% |
| PLBCX | Class C | 1.81% | none |
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.