PHD

Pioneer Floating Rate Fund

9.34 USD
-0.03
0.32%
Updated May 6, 11:46 AM EDT
1 day
-0.32%
5 days
0.43%
1 month
6.62%
3 months
-3.41%
6 months
-4.30%
Year to date
-4.11%
1 year
-3.01%
5 years
11.72%
10 years
-19.41%
 

About: Pioneer Floating Rate Trust is a diversified, closed-end fund. It invests in the fixed income markets of the United States. The fund basically invests in senior secured floating-rate loans. It benchmarks the performance of its portfolio against the other High Yield Loans Index banks.

0
Funds holding %
of 7,425 funds
Analysts bullish %

Fund manager confidence

Based on 2024 Q4 regulatory disclosures by fund managers ($100M+ AUM)

50% more first-time investments, than exits

New positions opened: 3 | Existing positions closed: 2

3% more funds holding

Funds holding: 39 [Q3] → 40 (+1) [Q4]

0.08% less ownership

Funds ownership: 25.94% [Q3] → 25.86% (-0.08%) [Q4]

2% less capital invested

Capital invested by funds: $31.8M [Q3] → $31M (-$788K) [Q4]

8% less repeat investments, than reductions

Existing positions increased: 11 | Existing positions reduced: 12

Research analyst outlook

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

Financial journalist opinion

Neutral
Business Wire
19 hours ago
Pioneer Investments Declares Monthly Distributions For Six Pioneer Closed-End Funds
BOSTON--(BUSINESS WIRE)--Pioneer Investments today announced the declaration of dividends for six Pioneer closed-end funds for May 2025. Ex-Date: May 16, 2025 Record Date: May 16, 2025 Payable: May 30, 2025 Ticker Taxable Funds Distribution Per Share Change From Previous Month HNW Pioneer Diversified High Income Fund, Inc. $0.1000 - PHD Pioneer Floating Rate Fund, Inc. $0.07501 - PHT Pioneer High Income Fund, Inc. $0.0550 - Ticker Tax-Exempt Funds   Distribution Per Share Change From Previous M.
Pioneer Investments Declares Monthly Distributions For Six Pioneer Closed-End Funds
Neutral
Seeking Alpha
5 days ago
PHD: Recent Events Point To Poor Returns Going Forward
The Pioneer Floating Rate Fund has delivered a 31.29% total return over the past three years, outperforming major domestic bond indices due to rising interest rates. Despite its high 9.61% yield, the PHD fund's recent performance has lagged, and it faces potential further distribution cuts due to expected Federal Reserve interest rate reductions. The fund's heavy investment in floating-rate securities makes it vulnerable to declining income as interest rates fall, weakening its investment case.
PHD: Recent Events Point To Poor Returns Going Forward
Neutral
Business Wire
5 months ago
Pioneer Closed-End Funds Required Notice to Shareholders Sources of Distribution Under Section 19(a)
BOSTON--(BUSINESS WIRE)--The following closed-end fund reported sources of distribution for November and this fiscal year to date. Distribution Period: November 2024   Ticker Taxable Fund Distribution Amount Per Share PHD Pioneer Floating Rate Fund, Inc. $0.0850 The following table sets forth estimates of the character of the current distribution and the cumulative distributions paid this fiscal year to date from the following sources: Net Investment Income; Net Realized Short-Term Capital Gain.
Pioneer Closed-End Funds Required Notice to Shareholders Sources of Distribution Under Section 19(a)
Positive
Seeking Alpha
6 months ago
PHD: Income Seekers Should Start Looking For Other Options
The Pioneer Floating Rate Fund has outperformed bond indices recently due to its investment in floating-rate securities, benefiting from the Federal Reserve's monetary tightening from 2022 to mid-2024. Falling interest rates will pressure the fund's income and distribution, as floating-rate securities' coupons decline without delivering capital gains. Despite its attractive 11.20% yield, the fund's income will likely decline, forcing a distribution cut as the Federal Reserve continues reducing rates.
PHD: Income Seekers Should Start Looking For Other Options
Neutral
Business Wire
9 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
11 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.
Positive
Seeking Alpha
1 year 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.
Positive
Seeking Alpha
1 year 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.
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