PHD

Pioneer Floating Rate Fund
PHD

$9.96
0.1%

Market Cap: $123M

 

About: Pioneer Floating Rate Trust is a diversified, closed-end fund. Its investment objective is to provide a high level of current income and seek the preservation of capital by investing predominantly in floating-rate loans.

0
Funds holding %
of 6,710 funds
–
Analysts bullish %

Fund manager confidence

Based on 2024 Q2 SEC filings by fund managers ($100M+ AUM)

19% more capital invested

Capital invested by funds: $31.5M [Q1] → $37.4M (+$5.85M) [Q2]

4.94% more ownership

Funds ownership: 26.29% [Q1] → 31.23% (+4.94%) [Q2]

0% more funds holding

Funds holding: 40 [Q1] → 40 (+0) [Q2]

0% more first-time investments, than exits

New positions opened: 5 | Existing positions closed: 5

0% more repeat investments, than reductions

Existing positions increased: 12 | Existing positions reduced: 12

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Research analyst outlook

We haven’t received any recent analyst ratings for PHD.

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Financial journalist opinion

Neutral
Business Wire
2 months ago
Amundi US Announces Proposed Transaction Relating to Pioneer Closed-End Funds
BOSTON--(BUSINESS WIRE)--Amundi US today announced a proposed transaction affecting the following Pioneer closed-end funds: Pioneer Diversified High Income Fund, Inc. (NYSEAMER: HNW) Pioneer Floating Rate Fund, Inc. (NYSE: PHD) Pioneer High Income Fund, Inc. (NYSE: PHT) Pioneer Municipal High Income Advantage Fund, Inc. (NYSE: MAV) Pioneer Municipal High Income Fund, Inc. (NYSE: MHI) Pioneer Municipal High Income Opportunities Fund, Inc. (NYSE: MIO) Amundi Asset Management US, Inc. (the “Advise.
Amundi US Announces Proposed Transaction Relating to Pioneer Closed-End Funds
Positive
Seeking Alpha
3 months ago
PHD: This Floater Fund Is Increasing Its Appeal To Risk-Averse Investors
The Pioneer Floating Rate Fund offers a high level of income with an 11.54% yield, comparable to its peers. The fund lacks inflation protection, which may be a concern for investors looking to preserve the purchasing power of their assets. The fund has outperformed investment-grade and junk bonds since early January, providing a total return of 9.33% for investors.
PHD: This Floater Fund Is Increasing Its Appeal To Risk-Averse Investors
Positive
Seeking Alpha
5 months ago
VVR And PHD: Monthly Floating Rate CEFs
VVR and PDH both yield over 11% and pay monthly. We compare NAV valuations, performance, and holdings for both funds. Both funds have positive five-year distribution growth rates.
VVR And PHD: Monthly Floating Rate CEFs
Positive
Seeking Alpha
8 months ago
PHD: Switch From Bonds Into This Floating-Rate Loan Fund
The Pioneer Floating Rate Fund, Inc. offers a high level of current income with a 12.20% current yield, higher than junk bond funds. The PHD closed-end fund has underperformed fixed-rate bond indices due to lack of price appreciation, but this may change in the coming weeks. The fund invests in floating-rate loans, which provide income and are less affected by changes in interest rates, making it a safer asset to hold.
PHD: Switch From Bonds Into This Floating-Rate Loan Fund
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