PHD
Pioneer Floating Rate FundPHD
PHD
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
4 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.
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.
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.
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.
Charts implemented using Lightweight Charts™