PLUAX Fees and Costs — Aristotle Ultra Short Income Fund, Class A
Data updated: 2026-08-26
The net expense ratio is 0.57%: a 0.32% management fee, a 0.25% 12b-1 fee plus 0.01% other expenses, less a 0.01% fee waiver. There are no sales loads or redemption fees. Portfolio turnover was 108%.
PLUAX Fees and Expenses
Annual operating expenses and sales charges of PLUAX. Prospectus, as of July 31, 2026.
| Annual operating expenses | |
|---|---|
| Management fee | 0.32% |
| 12b-1 fee | 0.25% |
| Other expenses | 0.01% |
| Gross expense ratio | 0.58% |
| Fee waiver | −0.01% |
| Net expense ratio | 0.57% |
| Sales charges | |
|---|---|
| Max front load | — |
| Max deferred load | — |
| Redemption fee | — |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
PLUAX Costs Over Time
On $10,000 invested in PLUAX, assuming 5% a year before costs, total costs come to $360 over 5 years, cutting the return by 0.60% 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 0.57%) | $60 | $188 | $327 |
| Lost growth on money paid in costs | $0 | $9 | $33 |
| Total costs | $60 | $197 | $360 |
| Value after costs | $10,440 | $11,379 | $12,403 |
| Impact on return, per year | 0.60% | 0.60% | 0.60% |
PLUAX 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): —
- Total broker commissions: —
- Bought from dealers (principal trades, not a cost): $70.6M
- Portfolio turnover (prospectus): 108%
- Securities on loan, average value: $8K
- Net income from securities lending: —
PLUAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| MORGAN STANLEY & CO. LLC | $6.5M | 13.21% |
| BOFA SECURITIES INC. | $6.3M | 12.84% |
| J.P. MORGAN SECURITIES LLC | $5.7M | 11.56% |
| CITIGROUP GLOBAL MARKETS INC. | $5.5M | 11.10% |
| BMO CAPITAL MARKETS CORP. | $5.3M | 10.71% |
| MERRILL LYNCH PIERCE FENNER & SMITH INCORPORATED | $4.8M | 9.72% |
| GOLDMAN SACHS & CO. LLC | $4.7M | 9.56% |
| BARCLAYS CAPITAL INC. | $3.7M | 7.56% |
| BMO NESBITT BURNS SECURITIES LTD. | $3.6M | 7.33% |
| BNY MELLON CAPITAL MARKETS LLC | $3.1M | 6.39% |
Aristotle Ultra Short 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 |
|---|---|---|---|
| PLUDX | Class I-2 | 0.32% | — |
| PLUHX | Class H | 0.32% | — |
| PLUIX | Class I | 0.32% | — |
| PLUAX | Class A | 0.57% | — |
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.