Fund Evaluator:

Aristotle/Saul Global Equity I-2 Overview

Aristotle/Saul Global Equity I-2 (AIOOX) is an actively managed International Equity Global Large-Stock Blend fund. Aristotle Funds launched the fund in 2012.

The investment seeks to maximize long-term capital appreciation. The fund primarily invests its assets in equity securities that are listed on an exchange or that are otherwise publicly traded in the United States or in a foreign country. It may also invest in exchange-traded funds ("ETFs"). Under normal market conditions, the Global Equity Fund invests in at least three different countries, including emerging market countries, with at least 40% of its net assets invested in securities of issuers located outside the United States. The Global Equity Fund’s investments in foreign securities may include investments through ADRs, EDRs, and GDRs.

About Aristotle/Saul Global Equity I-2 (AIOOX)

There are 3 members of the management team with an average tenure of 9.13 years: Alberto Jimenez Crespo (2026), Gregory Padilla (2014), Howard Gleicher (2012). Management tenure is more important for actively managed funds than passive index funds.

The fund has 2 primary benchmarks: MSCI ACWI NR USD index with a weighting of 100% and MSCI World NR USD index with a weighting of 100%. Aristotle/Saul Global Equity I-2 has 51 securities in its portfolio. The top 10 holdings constitute 32.8% of the fund’s assets. The fund meets the SEC requirement of being classified as a diversified fund. The fund is not considered to have an ESG focus with its investment selection and management.

Aristotle/Saul Global Equity I-2 is part of the Equity global asset class and is within the International Equity fund group. Aristotle/Saul Global Equity I-2 has 54.1% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 43.4%. There is 54.1% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 0.0% (0.0% domestic bond, 0.0% foreign bond and 0.0% convertible bond). Aristotle/Saul Global Equity I-2 has 2.5% of the portfolio in cash.

Assets Under Management

The fund has $28 million in total assets, which is below the $1 billion average for the Global Large-Stock Blend category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.

AIOOX Performance and Fees

The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Aristotle/Saul Global Equity I-2 expense ratio is above average compared to funds in the Global Large-Stock Blend category. Aristotle/Saul Global Equity I-2 has an expense ratio of 0.79%, which is 25% lower than its category average, making the fund expense ratio grade a B. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.

High portfolio turnover can translate to higher expenses and lower aftertax returns. Aristotle/Saul Global Equity I-2 has a portfolio turnover rate of 10%, indicating that holds its assets around 0.1 years. By way of comparison, the average portfolio turnover is 43% for the Global Large-Stock Blend category.

Recently, in the month of August 2026, Aristotle/Saul Global Equity I-2 returned 2.5%, which earned it a grade of B, as the Global Large-Stock Blend category had an average return of 1.9%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.

Aristotle/Saul Global Equity I-2 has a trailing yield of 1.69%, which is above the 0.93% category average. The fund normally distributes its income annually and its capital gains annually.

It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.

Aristotle/Saul Global Equity I-2 Grades

Year to date, the fund has returned 8.9%, 2.9 percentage points worse than the category, which translates into a grade of D. The fund has returned 12.6% over the past year (grade of F), 13.1% over the past three years (grade of F) and 6.3% per year over the past five years (grade of F) and 9.4% per year over the past 10 years (grade of D).

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