Aristotle Core Equity Fund

Aristotle Core Equity Fund

Ticker: ARSLX
CUSIP: 461 41Q 360
Inception: March 31, 2017
Managers: Owen Fitzpatrick, CFA
Thomas Hynes, Jr., CFA
Brendan O’Neill, CFA
Expense Ratio: 1.29% (Gross)
0.65% (Net)

Prospectus | Summary | SAI | Fact Sheet

Investment Objective

The Aristotle Core Equity Fund (the “Fund”) seeks long-term growth of capital.

The Fund’s investment objective is not fundamental and may be changed by the Board of Trustees without shareholders approval, upon at least 60 days’ prior written notice to shareholders. There is no assurance that the Fund will achieve its investment objective.
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Principal Strategies

Under normal circumstances, the Fund invests at least 80% of its net assets (including amounts borrowed for investment purposes) in equity securities of small capitalization companies. The Fund’s investments in equity securities may include common stocks, preferred stocks, convertible preferred stocks, depository receipts, shares of real estate investment trusts (REITs), warrants and rights. Depository receipts represent interests in foreign securities held on deposit by bank. A REIT is a company that owns or finances in-coming producing real estate. Warrants and rights give common shareholders the right to buy more shares at a certain price by a certain date. Warrants are offered to attract investors when a company issues new stocks. Rights are issued to get investors to buy more of a company’s stocks by a certain due date. Although the Fund may invest in companies of any market capitalization and from any country, it invests primarily in large U.S. companies.

In selecting investments for the Fund, the Fund’s investment advisor, Aristotle Atlantic Partners, LLC (“the Advisor”), employs a fundamental, bottom-up research driven approach to identify companies for investments by the Fund. The Advisor seeks to identify companies that it believes are positioned to benefit from one or more of the following: (i) shifts in industry spending, government spending and consumer trends; (ii) gains in market share from innovative products and strong intellectual property; and (iii) cyclical trends in the industry in which they operate and capable management that can take advantage of those trends. At times, the Fund’s assets may be invested in securities of relatively few industries or sectors.

The Advisor will normally sell a security when it believes the price is unlikely to go higher, the company’s fundamentals have changed, or in the course of adjusting the Fund’s emphasis on a particular industry. The Advisor may also decide to sell a security to pursue more attractive investments for the Fund, to raise cash for redemptions of Fund shares or for other reasons.

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Performance

1 The Fund has an inception date of March 31, 2017.

The total annual operating expenses are 1.29%, and net operating expense are 0.65%.

Returns for performance under one year are cumulative, not annualized. Short-term performance, in particular, is not a good indication of the Fund’s future performance, and an investment should not be made based solely on returns. Because of ongoing volatility, fund performance may be subject to substantial short-term changes.

Performance data quoted here represents past performance. Past performance is no guarantee of future results. Investment return and principal value will fluctuate, so that an investor’s shares, when redeemed, may be worth or less than their original cost. Current performance may be lower or higher than the performance information is quoted. To obtain performance information current to the most recent month-end, please call (844)-274-7868.

The Fund’s Advisor has contractually agreed to waive certain fees and/or absorb expenses through April 30, 2018 to the extent that the total annual operating expenses do not exceed 0.65% of the Fund’s average daily net assets. The Fund’s Advisor may seek reimbursement from the Fund for waived fees and/or expenses paid for three years from the date of the waiver or payment. A redemption fee of 1.00% will be imposed on redemptions of shares within 30 days.

Top Ten Equity Holdings*

Security % of Portfolio
JPMorgan Chase 3.6%
Microsoft 3.3%
Apple 3.2%
Bank of America 2.9%
Visa 2.8%
Alphabet 2.6%
Facebook 2.4%
Amazon.com 2.2%
Celgene 2.1%
Cigna 2.1%
Total 27.2%

View entire portfolio holdings here.

* Holdings as of September 30, 2017. Percentage weights are based on the total Fund and are subject to change.

HoldingsĀ since the inception of the FundĀ are available.

Portfolio composition will change due to ongoing management of the Fund. References to specific securities or sectors should not be construed as recommendations by the Fund, its Advisor or Distributor.

An investment in the Fund is subject to risks and you could lose money on your investment in the Fund. The principal risks of investing in the Fund include, but are not limited to, investing in market risk, equity risk, preferred stock risk, warrants and rights risk, REITs risk, small-cap, mid-cap and large-cap company risk, foreign investment risk and sector focus risk. Read More…