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Weekly Market Summary
Jul 14 to Jul 18, 2025
Extra Credit*
- President Trump is expected to sign an executive order aimed at opening 401(k) and other retirement plans to private investments, according to The Wall Street Journal. The order would mandate the Labor Department and Securities and Exchange Commission to provide guidelines to employers and plan administrators around private investments.
- This development could be a boon to the private fund industry, which sees individual investor wealth as an untapped pool of capital worth trillions of dollars. Managers are already making inroads with high-net-worth clients by launching a new generation of fund vehicles that were customized to be accessible to small but affluent investors. Up for grabs are everyday Americans’ retirement savings—a vast asset pile estimated to be as high as $14 trillion.
- The SEC has various levers it can pull to ease the general public’s access to illiquid asset classes such as private equity, private credit, real estate, and infrastructure. Mutual funds generally have a 15% cap on illiquid holdings, but many industry groups are itching for regulators to raise that maximum to some degree.
As of 7/16/25.
Previous reports
*Source: Morningstar®, Bloomberg, Credit Suisse. OAS is Options Adjusted Spread. 4-year discount margin is used for spread for bank loans. Yield quoted is yield-to-worst or equivalent calculation. YTD Low / High for yields are based on end of week and not intraday movements. Indexes and sub-indexes: Investment-grade corporates represented by Bloomberg US Corporate Bond Index. High-yield bonds represented by Bloomberg US Corporate High Yield Index. Bank loans represented by Credit Suisse Leverage Loan Index. The red and green arrows depicted under Yields, Option Adjusted Spreads, and Prices indicate a higher or lower value from the previous week.
Past performance does not guarantee future results. Index performance is not indicative of fund performance. Indexes are unmanaged and it is not possible to invest directly in an index.
Any discussion of individual companies is not intended as recommendation to buy, hold or sell securities issued by those companies. Aristotle Fund holdings can be found on the fund pages linked above.
Investors should consider a fund’s investment goal, risks, charges, and expenses carefully before investing. The prospectus and/or the applicable summary prospectus contain this and other information about the Fund and are available from AristotleFunds.com. The prospectus and/or summary prospectus should be read carefully before investing.
Investing involves risk. Principal loss is possible.
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