Pioneer Floating Rate Fund:PHD

    Manage Alerts

    Overview

    As of 6/11/2021

     Share
    Price
    NAVPremium/
    Discount
    Current$11.58$11.79-1.78%
    52 Wk Avg$10.55$11.24-6.20%
    52 Wk High$11.67$11.79-0.51%
    52 Wk Low$9.29$10.43-11.60%
    Regular Distribution TypeIncome Only
    Distribution Rate6.48%
    Distribution Amount$0.0625
    Distribution FrequencyMonthly
    Past performance is no guarantee of future results.

    Basic Information

    Investment Objective

    The Fund is a non-diversified closed-end management investment company with the primarily investment objective of seeking to provide a high level of current income. Capital preservation is the secondary investment objective. Under normal market conditions, it invests at least 80% of its assets in senior floating rate loans. These Senior Loans are made to corporations, partnerships and other business entities that operate in various industries and geographical regions, including non-US borrowers. It may invest in Senior Loans and other securities of any credit quality and there is no minimum portion of its portfolio that must be rated investment grade. Up to10% of its total assets may be invested in Senior Loans and other securities of non-US issuers, including emerging market issuers, and it may engage in certain hedging transactions.

    Capital Structure

    As of 6/11/2021

    Total Investment Exposure:$397.113M
    Total Common Assets:$291.663M
    Common Shares Outstanding:24,738,174
    Leverage

    As of 6/11/2021

    Preferred Share Assets:
    Total Debt (USD): $105.450M
    Regulatory Leverage (USD): $105.450M
    Effective Leverage (USD): $105.450M
    Effective Leverage (%): 26.55%
    Annual Expense Ratios

    As of 11/30/2020

      Per Common Share
    Management Fees1.00%
    Other Expenses:0.88%
    Baseline Expense: N/A
    Interest Expense:0.70%
    Total: 2.58%
    Fund Management

    Fund Sponsor
    Pioneer Advisors, LLC

    Portfolio Managers
    Jonathan Sharkey

    Basics
    Category: Fixed Income - Taxable-Senior Loans
    Ticker: PHD
    NAV Ticker: XPHDX
    Average Daily Volume (shares): 83,014
    Average Daily Volume (USD): $0.869M
    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 6/11/2021

    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 11/30/2020
    $0.3362
    Annualized Distribution Rate on NAV:
    As of 6/11/2021
    6.36%
    Total Return on NAV (12 months):
    As of 6/11/2021
    23.01%
    Avg. Portfolio Coupon:
    As of 6/11/2021
    5.29%
    Total % Portfolio Effectively Leveraged:
    As of 6/11/2021
    26.55%

    Pricing Information

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

    As of 6/11/2021

    PeriodAvg Discount
    6 Month-5.10%
    1 Year-6.20%
    3 Year-10.02%
    5 Year-8.36%
    Z-Score

    As of 6/11/2021

    PeriodZStat
    3 Month1.27
    6 Month1.25
    1 Year1.70
    Pricing History
    Date NAV Premium / Discount

    Performance

    Calendar Year Total Returns

    As of 5/31/2021
    Category: Morningstar US CEF Senior Loans

    Past 20 Years

    Return YearPriceNAVCategory - PriceCategory - NAV
    YTD13.95%5.22%13.26%5.04%
    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%
    201616.00%9.89%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%
    20114.41%3.39%-4.49%1.82%
    201020.99%17.71%24.86%14.07%
    200983.30%69.00%89.99%79.89%
    2008-49.15%-50.14%  
    2007-6.91%0.67%  
    200626.76%12.98%  
    2005-10.13%5.62%  
    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 5/31/2021
    Category: Morningstar US CEF Senior Loans

    Past performance is no guarantee of future results.

    Portfolio Characteristics

    Portfolio Characteristics
    Average Coupon:
    As of 6/11/2021
    5.29%
    Average Maturity:
    As of 4/30/2021
    4.71 yrs
    Number of Holdings:
    As of 4/30/2021
    235
    Annual Portfolio Turnover:
    As of 11/30/2020
    73.00%
    Asset Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Top Sectors

    As of 4/30/2021 reported by Fund Sponsor

    Sector%Portfolio
    Corporate (Super Sector)92.51%
    Bank Loan81.38%
    Corporate Bond10.13%
    Securitized (Super Sector)4.84%
    Agency Mortgage Backed2.39%
    Asset Backed1.83%
    Cash Equivalents (Super Sector)1.18%
    Cash Equivalents1.18%
    Energy1.13%
    Sensitive (Super Sector)1.13%
    Top Holdings

    As of 3/31/2021 reported by Fund Sponsor

    HoldingValue% Portfolio
    CONNECTICUT AVENUE SECURITIES TRUST 9.36%$4.11M1.94%
    TEAM HEALTH 1L TL-B 2.75 06FEB24$3.67M1.73%
    TRAVERSE MIDSTREAM 1L TL-B 5.5 27SEP24$3.50M1.66%
    Censeohealth/Advan 1l Tl-B 4.5 21dec24$2.21M1.04%
    Neo Tech 1l Tl-B 5 30apr26$2.20M1.04%
    DTI 1L TL-B 4.75 30SEP23$2.18M1.03%
    GOLDEN NUGGET 1L TL-B 2.5 04OCT23$2.17M1.03%
    SunCoke Energy Partners, LP/SunCoke Energy Partners Finance Corp. 7.5%$2.12M1.00%
    STAPLES 1L TL-B2 4.5 12SEP24$2.11M1.00%
    CAESARS RESORT COL 1L TL-B 2.75 22DEC24$2.08M0.98%
    Maturity Breakdown

    As of 4/30/2021 reported by Fund Sponsor

    Country Allocation

    As of 4/30/2021 reported by Fund Sponsor

    Country% Portfolio
    United States - Fixed Income10.91%
    Others - Fixed Income2.24%
    United States - Equity1.13%
    France - Fixed Income0.92%
    Canada - Fixed Income0.76%
    Australia - Fixed Income0.12%
    United Kingdom - Fixed Income0.01%

    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.

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