CEF Advisors

7204 Glen Forest Drive, Suite #105 Richmond, Virginia 23226 USA   ♦   Toll-Free: (800) 356-3508 / Local: (804) 288-2482    ♦   www.CEFadvisors.com   ♦   Contact@CEFadvisors.com

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Pioneer Floating Rate Trust (PHD)

Taxable Bond Funds - Loan Participation

Data as of Jan. 17, 2020
Market Price $11.02 ( $0.00)
NAV (Jan. 17, 2020) $12.06 (+ $0.01)
Premium / Discount -8.62% (-0.08%)
Fund Info
Inception Dec. 23, 2004
Sponsor Pioneer Investment Management
Website https://www.amundipion...
Phone 1-800-225-6292
Objective: High current income; high yield or lower-rated securities
Related Indexes
Senior Loan Index
US Bond Index
Capital & Leverage
Outstanding Shares 24,738,174
Total Assets (Reported: May 31, 2019) $447M
Estimated Total Assets $441M
Net Assets $298M
Market Cap $273M
Purchases Turnover 75.35%
Sales Turnover 75.11%
Total Leverage 32.30%
Structural Leverage (out of total) 100.00%
Portfolio Leverage (out of total) 0.00%
Expense Ratio 2.95%
Non Lev Exp Ratio 1.29%
Rel Lev Cost 3.42%
Discount Data
Average Discount (3 Yr) -8.84%
Discount Low(3 Yr) -16.84%
Discount High(3 Yr) -1.27%
Discount Rel Range 52.77%
Comp Discount -1.25
Discount St Dev (1Yr) 1.25
Z-Stat (6mo) 1.96
Z-Stat (1Yr) 2.68
Z-Stat (3Yr) 0.06
Comp Z-Stat (6mo) 0.63
Comp Z-Stat (3Yr) -0.11
Distribution Data
Market Yield 6.81%
Income Yield 6.81%
Lev Adj NAV Yield 4.70%
Distribution Frequency M
Current Distribution $0.063
Current Income $0.063
Ex-Date 12/27/19
Payable Date 1/6/20
Div Growth (3yr) 4.17%
Dividend Change 4.2% on 6/4/19
Expected Div 1/3/20
RoC (1yr) 0.00%
RoC (3yr) 0.00%
Volume & Liquidity
Average Daily $ (M) $869
Avg Volume 30 day 67,764
Avg Volume 90 day 78,857
Volume Trend -14.07%
Comp Volume Trend -30.88%
Correlation & Volatility
Price Correlation (1yr)
vs. S&P 500 (TR)
Price Correlation (1yr)
vs. CEFA's 12 Major CEF Sectors Index
Price Correlation (1yr)
vs. CEFA's Senior Loan Index
Most Correlated Peer (Mk Pr): NSL 79.0%
NAV - Price Correlation (30 d) 76.4%
NAV - Price Correlation (90 d) 88.5%
NAV - Price Correlation (1 Yr) 35.8%
Price St Dev (1Yr) 8.0%
NAV St Dev (1Yr) 2.1%
Earnings / Share (5/31/19) $0.063
Earn Coverage 100.00%
Earnings Trend Up
UNII / Share (5/31/19) $0.021
Rel UNII 2.80
UNII Trend Up
Bond Specific Data
Maturity 4.65
Duration 0.25
Credit Rating (rbo) BB
Investment Grade 7.72%
Non Investment Grade 86.55%
Unrated Bonds 5.73%
NAV Beta (2yr)
vs. S&P 500 (TR)
NAV Beta (2yr)
vs. CEFA's 12 Major CEF Sectors Index
NAV Beta (2yr)
vs. CEFA's Senior Loan Index


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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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