Aristotle Strategic Credit Fund

Aristotle Strategic Credit Fund

Ticker: ARSSX
CUSIP: 461 41Q 824
Inception: December 31, 2014
Managers: Douglas Lopez, CFA
Terence Reidt, CFA
Expense Ratio: 3.18% (Gross)
0.62% (Net)

 

Prospectus | Summary | SAI | Fact Sheet

Quarterly Commentaries

2017: Q1
2016: Q1 I Q2 I Q3 I Q4
2015: Q4

For standardized performance, please click here.

Investment Objective

The Aristotle Strategic Credit Fund (the “Fund”) seeks income and capital appreciation.

The Fund’s investment objective is not fundamental and may be changed by the Board of Trustees without shareholder 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 (plus any borrowings for investment purposes) in debt securities. The Fund will not change this investment policy unless it gives shareholders at least 60 days’ advance written notice. The types of debt securities in which the Fund may invest include, but are not limited to, corporate bonds, notes and debentures of U.S. and non-U.S. issuers, as well as bank loans of U.S. and non-U.S. corporate issuers. The Fund’s investments in foreign securities include securities in both developed and emerging markets.

In pursuing the Fund’s investment objective, the Fund’s investment advisor, Aristotle Credit Partners, LLC (the “Advisor”), uses a disciplined investment approach that integrates a top-down assessment of the macroeconomic environment with a bottom-up, independent, fundamental credit analysis. The Advisor evaluates industries and companies on a global basis and across the credit-quality spectrum to assess industry dynamics, and analyzes a company’s financial information, strategic positioning and the liquidity of its securities in order to determine a security’s relative value. The Advisor looks for investments that are attractively valued (in terms of price, coupon and yield) relative to their peers. The Advisor typically employs diversified portfolio construction, and the Fund’s portfolio will typically be diversified in terms of industry classification.
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Performance

1 The Fund has an inception date of December 31, 2014.

2 The Fund is benchmarked to a blend of three indices: 1/3 Barclays U.S. High Yield Ba/B 2% Issuer Cap Index, 1/3 Barclays Intermediate Corporate Index and 1/3 Barclays U.S. Bank Loan Index.

3 The Aristotle Blended Index has been used as the primary benchmark of the Fund since its inception on December 31, 2014 and, compared to the U.S. Aggregate Bond Index, more accurately represents the overall composition of the Fund. The Barclays U.S. Aggregate Bond Index is shown as it effectively represents the performance of the broad bond market.

The total annual operating expenses are 3.18%, and net operating expenses are 0.62%.

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 represent 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 more or less than their original cost. Current performance may be lower or higher than the performance information 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 annual operating expenses do not exceed 0.62% 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 of purchase.

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 fixed income securities, high yield bonds, bank loans, foreign securities and emerging markets. Read More…