Pioneer Floating Rate Fund:PHD

    Manage Alerts

    Overview

    As of 6/21/2024. NAV as of 6/20/2024.

     Share
    Price
    NAVPremium/
    Discount
    Current$9.78$10.29-4.76%
    52 Wk Avg$9.26$10.23-9.52%
    52 Wk High$9.98$10.46-4.62%
    52 Wk Low$8.46$9.91-15.72%
    Regular Distribution TypeIncome Only
    Distribution Rate11.36%
    Distribution Amount$0.0925
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    investment objective of the Fund is to seek a high level of current income and the Fund may, as a secondary objective, also seek capital appreciation to the extent that it is consistent with its investment objective.

    Capital Structure

    As of 6/21/2024

    Total Investment Exposure:$188.538M
    Total Common Assets:$127.338M
    Common Shares Outstanding:12,374,933
    Leverage

    As of 6/20/2024

    Preferred Share Assets:
    Total Debt (USD): $61.200M
    Regulatory Leverage (USD): $61.200M
    Effective Leverage (USD): $61.200M
    Effective Leverage (%): 32.46%
    Annual Expense Ratios

    As of 11/30/2023

      Per Common Share
    Management Fees1.04%
    Other Expenses:0.36%
    Baseline Expense: N/A
    Interest Expense:2.86%
    Total: 4.25%
    Fund Management

    Fund Sponsor
    Amundi Asset Management US, Inc.

    Portfolio Managers
    Jonathan Sharkey

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: PHD
    NAV Ticker: XPHDX
    Average Daily Volume (shares): 62,281
    Average Daily Volume (USD): $0.575M
    Inception Date: 12/23/2004
    Inception Share Price: $20.00
    Inception NAV: $19.06
    Tender Offer: No
    Term: No
    Fiscal Year End: November 30
    Third Party Links & Reports

    Distributions

    As of 6/21/2024

    Past performance is no guarantee of future results.
    Distribution History

    Enter declared start and end dates to display distribution history below. Income, Long Gain, Short Gain and ROC breakdowns will only be shown for the past year.

    Declared Date Payable Date Ex Date Distrib Amount Income Long Gain Short Gain ROC

    *Indicates a Special Distribution: A distribution disbursed in addition to the normal distributions paid out by the company.

    Key Information Regarding Distributions
    Avg. Earnings Per Share:
    As of 11/30/2023
    $0.5917
    Annualized Distribution Rate on NAV:
    As of 6/21/2024
    10.79%
    Total Return on NAV (12 months):
    As of 6/21/2024
    18.41%
    Avg. Portfolio Coupon:
    As of 6/21/2024
    8.85%
    Total % Portfolio Effectively Leveraged:
    As of 6/21/2024
    32.46%

    Pricing Information

    Premium/Discount Information
    Past performance is no guarantee of future results.
    Premium/Discount Information

    As of 6/21/2024

    PeriodAvg Discount
    6 Month-7.26%
    1 Year-9.52%
    3 Year-8.11%
    5 Year-8.41%
    Z-Score

    As of 6/21/2024

    PeriodZStat
    3 Month1.91
    6 Month1.68
    1 Year1.77
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2024
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD10.79%5.77%9.31%4.73%
    202318.19%16.11%18.44%14.27%
    2022-17.26%-8.76%-14.61%-6.12%
    202121.33%7.70%20.67%7.70%
    2020-0.25%2.29%0.14%1.12%
    201920.27%10.23%18.13%8.70%
    2018-8.96%-0.99%-7.68%-1.95%
    20172.65%4.23%3.80%5.83%
    201616.68%10.49%24.86%18.27%
    20151.50%1.13%-3.65%-4.65%
    2014-4.89%1.15%-2.59%1.36%
    20132.97%8.00%3.18%9.08%
    201214.21%15.01%23.78%15.96%
    20115.14%4.11%  
    201020.99%17.71%  
    200983.30%69.00%  
    2008-49.15%-50.14%  
    2007-6.88%0.67%  
    200626.76%12.98%  
    2005-10.38%5.35%  
    Past performance is no guarantee of future results.
    Annualized Total Returns

    Returns for periods less than one year are cumulative rather than annualized

    As of 5/31/2024
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/20/2024
    8.85%
    Number of Holdings:
    As of 4/30/2024
    291
    Annual Portfolio Turnover:
    As of 11/30/2023
    35.00%
    Asset Allocation

    As of 4/30/2024

    Top Sectors

    As of 4/30/2024

    Sector%Portfolio
    Corporate (Super Sector)88.41%
    Bank Loan82.43%
    Corporate Bond5.47%
    Government (Super Sector)4.71%
    Government4.71%
    Securitized (Super Sector)3.62%
    Cash Equivalents (Super Sector)2.85%
    Cash Equivalents2.85%
    Asset Backed1.55%
    Agency Mortgage Backed1.40%
    Top Holdings

    As of 3/31/2024

    HoldingValue% Portfolio
    United States Treasury Bills 5.29169%$8.99M4.74%
    Upstream Newco Inc Term Loan$2.04M1.07%
    Garda World Security Term Loan B$1.97M1.04%
    First Brands Term Loan B$1.84M0.97%
    Chobani Llc Term Loan B$1.70M0.90%
    Team Health Holdings Inc Term Loan B$1.70M0.89%
    Sfr Term Loan B14-Ext$1.51M0.80%
    Ixs Holdings Inc Term Loan$1.48M0.78%
    Apx Group Inc Term Loan B$1.47M0.78%
    Us Renal Care Inc Term Loan$1.47M0.77%
    Credit Quality

    As of 4/30/2024

    Maturity Breakdown

    As of 4/30/2024

    Country Allocation

    As of 4/30/2024

    Country% Portfolio
    United States - Fixed Income8.80%
    Mexico - Equity0.37%
    Netherlands - Fixed Income0.17%
    Australia - Fixed Income0.13%

    Closed-end fund historical distribution sources have included net investment income, realized gains, and return of capital. For more detailed information on the distributions of a specific fund, please visit the sponsor's website.

    NOTES:

    Distribution type sourced from Morningstar. For specific information about a fund's distribution sources, visit the fund sponsor's website.

    The following information applies to closed-end funds in general: Fund shares are not guaranteed or endorsed by any bank or other insured depository institution, and are not federally insured by the Federal Deposit Insurance Corporation. Shares of closed-end funds are subject to investment risks, including the possible loss of principal invested. There can be no assurance that fund objectives will be achieved. Closed-end funds frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

    E-2949862P-E0623W