CEF Advisors AICA Event NAVigator Podcast

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Pioneer Floating Rate Fund (PHD)

Taxable Bond Funds - Loan Participation

Data as of Dec. 4, 2024
Current
Market Price $9.86 (- $0.03)
NAV (Dec. 4, 2024) $10.34 ( $0.00)
Fund Listed NYSE
Premium / Discount -4.64% (-0.29%)
Fund Info
Inception Dec. 23, 2004
Sponsor Amundi Asset Management US
Website https://www.amundipion...
Phone 1-800-225-6292
NAV Symbol XPHDX
Location Massachusetts
Incorporated Maryland (Subject to the Maryland Act)
Staggered Board Yes
Term Date N/A
Objective: High current income; high yield or lower-rated securities
Related Indexes
High Income Index
Senior Loan Index
US Bond Index
Capital & Leverage
Outstanding Shares 12,374,933
Total Assets (Reported: May 31, 2024) $195M
Estimated Total Assets $188M
Net Assets $128M
Market Cap $122M
Portfolio Turnover 33.00%
Total Leverage 32.00%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 4.82%
Non Lev Exp Ratio 1.70%
Rel Lev Cost 6.39%
Discount Data
Average Discount (3 Yr) -8.67%
Discount Low(3 Yr) -15.72%
Discount High(3 Yr) 5.10%
Discount Rel Range (3 Yr) 53.21%
Comp Discount -4.21
Discount St Dev (1Yr) 1.93
Z-Stat
Z-Stat (6mo) -0.19
Z-Stat (1Yr) 0.73
Z-Stat (3Yr) 0.96
Comp Z-Stat (6mo) -1.23
Comp Z-Stat (3Yr) -0.42
Distribution Data
Market Yield 10.34%
Income Yield 10.34%
Lev Adj NAV Yield 7.47%
Distribution Frequency M
Current Distribution $0.085
Current Income $0.085
Ex-Date 12/12/24
Payable Date 12/19/24
Div Growth (3yr) 47.83%
Dividend Change -8.1% on 11/5/24
Expected Div 1/3/25
RoC (1yr) 0.66%
RoC (3yr) 0.25%
Volume & Liquidity
Average Daily $ (K) $501
Avg Volume 30 day 55,971
Avg Volume 90 day 50,775
Volume Trend 10.23%
Comp Volume Trend 13.61%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
32.0%
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
29.0%
Price Correlation (1yr)
vs. CEFA's Senior Loan Index
59.0%
Most Correlated Peer (Mk Pr): BGX 53.0%
NAV - Price Correlation (30 d) 49.5%
NAV - Price Correlation (90 d) 37.9%
NAV - Price Correlation (1 Yr) 51.9%
Price St Dev (1Yr) 9.4%
NAV St Dev (1Yr) 3.3%
Earnings
Earnings / Share (10/31/24) $0.083
Earn Coverage 97.65%
Earnings Trend Down
UNII / Share (10/31/24) $-0.020
Rel UNII -1.98
UNII Trend Down
Bond Specific Data
Maturity 4.14
Duration 0.19
Credit Rating (rbo) B
Investment Grade 5.39%
Non Investment Grade 90.08%
Unrated Bonds 4.53%
Performance
NAV Beta (2yr)
vs. S&P 500 (TR)
0.03
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
0.22
NAV Beta (2yr)
vs. CEFA's Senior Loan Index
0.48

DISCLOSURES:

CEFData.com makes data for the universe of closed-end funds (CEFs) and business development companies (BDCs) available to its users. This material is not intended to be relied upon as investment advice or recommendations, does not constitute a solicitation to buy or sell securities and should not be considered specific legal, investment or tax advice. This site does not list all the risks associated with each fund. Investors should contact a fund’s sponsor for fund-specific risk information and/or contact a financial advisor before investing.

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

The following information applies to closed-end funds and business development companies 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 (FDIC). Shares of closed-end funds (CEFs) and business development companies (BDCs) 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 and business development companies frequently trade at a discount to their net asset value. NAV returns are net of fund expenses, and assume reinvestment of distributions.

This material is presented for informational purposes only. Under no circumstances is it to be considered an offer to sell, or a solicitation to buy any investment referred to on this page. While the information contained herein is from sources believed reliable, we do not represent that it is accurate or complete and it should not be relied upon as such. Past performance is not necessarily indicative of future results. All investments involve risk including the loss of principal. Returns are presented gross of investment management fees and other appropriate fees (i.e. commissions, custodial fees, etc.).

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