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Trending ETFs

Pioneer Floating Rate Fund

mutual fund
FLYRX
Payout Change
Pending
Price as of:
$6.17 +0.0 +0.0%
primary theme
Bank Loan
share class
Y (FLYRX) A (FLARX) C (FLRCX)
FLYRX (Mutual Fund)

Pioneer Floating Rate Fund

Payout Change
Pending
Price as of:
$6.17 +0.0 +0.0%
primary theme
Bank Loan
share class
Y (FLYRX) A (FLARX) C (FLRCX)
FLYRX (Mutual Fund)

Pioneer Floating Rate Fund

Payout Change
Pending
Price as of:
$6.17 +0.0 +0.0%
primary theme
Bank Loan
share class
Y (FLYRX) A (FLARX) C (FLRCX)

Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Pioneer Floating Rate Fund

FLYRX | Fund

$6.17

$276 M

8.15%

$0.50

0.93%

Vitals

YTD Return

8.3%

1 yr return

10.5%

3 Yr Avg Return

5.4%

5 Yr Avg Return

4.8%

Net Assets

$276 M

Holdings in Top 10

16.0%

52 WEEK LOW AND HIGH

$6.2
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 0.93%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 41.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$5,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 10/11/2024

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

Pioneer Floating Rate Fund

FLYRX | Fund

$6.17

$276 M

8.15%

$0.50

0.93%

FLYRX - Profile

Distributions

  • YTD Total Return 8.3%
  • 3 Yr Annualized Total Return 5.4%
  • 5 Yr Annualized Total Return 4.8%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 3.16%
DIVIDENDS
  • Dividend Yield 8.2%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    Pioneer Floating Rate Fund
  • Fund Family Name
    The Pioneer Funds
  • Inception Date
    Feb 14, 2007
  • Shares Outstanding
    N/A
  • Share Class
    Y
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Jonathan Sharkey

Fund Description

Normally, the fund invests at least 80% of its net assets (plus the amount of borrowings, if any, for investment purposes) in floating rate loans and other floating rate investments. Derivative investments that provide exposure to such floating rate securities or have similar economic characteristics may be used to satisfy the fund’s 80% policy. Floating rate investments are securities and other instruments with interest rates that adjust or “float” periodically based on a specified interest rate or other reference and include senior secured floating rate loans, repurchase agreements, money market securities and shares of money market and short term bond funds. The fund also considers as floating rate instruments, and the fund may invest without limit in, adjustable rate securities, fixed rate securities with durations of less than or equal to one year, securities of other investment companies (including mutual funds, exchange-traded funds and closed-end funds) that invest primarily in floating rate instruments, and fixed rate securities with respect to which the fund has entered into derivative instruments to effectively convert the fixed rate interest payments into floating rate interest payments. The fund considers these investments as economic equivalents of floating rate instruments.Floating rate loans typically are rated below investment grade (debt securities rated below investment grade are commonly referred to as “junk bonds”). The fund’s investments in floating rate loans typically hold a senior position in the borrower’s capital structure, but may also include unsecured or subordinated loans.The fund’s investments also may include revolving credit facility loans, high yield corporate bonds (also known as “junk bonds”), investment grade fixed income debt securities, preferred stocks and convertible securities. The fund may receive debt securities or equity securities as a result of the general restructuring of the debt of an issuer, the restructuring of a floating rate loan, or as part of a package of securities acquired with a loan.The fund may invest up to 35% of its total assets in debt securities of non-U.S. issuers, including emerging market issuers. The fund does not currently intend to invest more than 25% of its total assets in any one non-U.S. country.The fund may invest without limit in securities of any rating, including those of issuers that are in default. The fund does not have a targeted maturity range for its portfolio. The fund invests in securities of any maturity. The maturity of a fixed income security is a measure of the time remaining until final payment on the security is due. The fund's investments may have fixed or variable principal payments and all types of interest rate and dividend payment and reset terms, including fixed rate, adjustable rate, floating rate, contingent, deferred, payment in kind and auction rate features. The fund has the ability to invest in a broad range of issuers and segments of the debt securities market. The fund may invest in securities of issuers in any market capitalization range, industry or market sector.The fund may invest in mortgage-related securities, including commercial mortgage-backed securities, collateralized mortgage obligations, credit risk transfer securities and “sub-prime” mortgages and asset-backed securities. The fund's investments in mortgage-related securities may include instruments, the underlying assets of which allow for balloon payments (where a substantial portion of a mortgage loan balance is paid at maturity, which can shorten the average life of the mortgage-backed instrument) or negative amortization payments (where as a result of a payment cap, payments on a mortgage loan are less than the amount of principal and interest owed, with excess amounts added to the outstanding principal balance, which can extend the average life of the mortgage-backed instrument).The fund also may invest in U.S. government securities, zero coupon securities, subordinated debt securities and insurance-linked securities.The fund may, but is not required to, use derivatives, such as credit default swaps, forward foreign currency exchange contracts and bond and interest rate futures. The fund may use derivatives for a variety of purposes, including: in an attempt to hedge against adverse changes in the market price of securities, interest rates or currency exchange rates; as a substitute for purchasing or selling securities; to attempt to increase the fund’s return as a non-hedging strategy that may be considered speculative; to manage portfolio characteristics: and as a cash flow management technique. The fund may choose not to make use of derivatives for a variety of reasons, and any use may be limited by applicable law and regulations. The fund also may hold cash and other short-term investments.The investment adviser considers both broad economic and issuer specific factors in selecting a portfolio designed to achieve the fund's investment objective. The adviser selects individual securities based upon the terms of the securities (such as yields compared to U.S. Treasuries or comparable issues), liquidity and rating, sector and exposure to particular issuers and sectors. The adviser also employs fundamental research to assess an issuer's credit quality, taking into account financial condition and profitability, future capital needs, potential for change in rating, industry outlook, the competitive environment and management ability. The adviser may sell a portfolio security when it believes the security no longer will contribute to meeting the fund’s investment objective. The adviser makes that determination based on the same criteria it uses to select portfolio securities.The adviser integrates environmental, social and corporate governance (ESG) considerations into its investment research process by evaluating the business models and practices of issuers and their ESG-related risks. The adviser believes ESG analysis is a meaningful facet of fundamental research, the process of evaluating an issuer based on its financial position, business operations, competitive standing and management. This process considers ESG information, where available, in assessing an investment’s performance potential. The adviser generally considers ESG information in the context of an issuer’s respective sector or industry. The adviser may consider ESG ratings provided by third parties or internal sources, as well as issuer disclosures and public information, in evaluating issuers. ESG considerations are not a primary focus of the fund, and the weight given by the adviser to ESG considerations in making investment decisions will vary and, for any specific decision, they may be given little or no weight. Notwithstanding the foregoing, the adviser generally will not invest fund assets in companies engagedin the production, sale, storage of, or providing services for, certain controversial weapons, including chemical, biological and depleted uranium weapons and certain antipersonnel mines and clusterbombs.
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FLYRX - Performance

Return Ranking - Trailing

Period FLYRX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% -3.0% 10.3% 5.24%
1 Yr 10.5% -4.1% 15.2% 14.23%
3 Yr 5.4%* -6.2% 8.2% 42.75%
5 Yr 4.8%* -6.2% 38.2% 41.15%
10 Yr 4.0%* -2.0% 19.7% 28.96%

* Annualized

Return Ranking - Calendar

Period FLYRX Return Category Return Low Category Return High Rank in Category (%)
2023 1.5% -12.0% 11.1% 89.55%
2022 -8.2% -22.9% 5.1% 63.98%
2021 0.8% -12.2% 11.1% 63.14%
2020 -2.0% -14.1% 289.8% 31.43%
2019 2.3% -8.1% 7.5% 60.50%

Total Return Ranking - Trailing

Period FLYRX Return Category Return Low Category Return High Rank in Category (%)
YTD 8.3% -3.0% 10.3% 5.24%
1 Yr 10.5% -4.1% 15.2% 14.23%
3 Yr 5.4%* -6.2% 8.2% 42.75%
5 Yr 4.8%* -6.2% 38.2% 41.15%
10 Yr 4.0%* -2.0% 19.7% 28.96%

* Annualized

Total Return Ranking - Calendar

Period FLYRX Return Category Return Low Category Return High Rank in Category (%)
2023 12.3% -12.0% 22.1% 53.73%
2022 -2.6% -22.9% 5.1% 60.15%
2021 4.6% -10.2% 11.1% 55.29%
2020 2.5% -14.1% 306.9% 31.84%
2019 7.5% -3.6% 10.5% 50.84%

NAV & Total Return History

FLYRX - Holdings

Concentration Analysis

FLYRX Category Low Category High FLYRX % Rank
Net Assets 276 M 29.9 M 13.5 B 71.76%
Number of Holdings 342 2 1977 50.00%
Net Assets in Top 10 59.4 M -191 M 2.37 B 64.62%
Weighting of Top 10 16.00% 5.2% 100.7% 41.70%

Top 10 Holdings

  1. United States Treasury Bill 4.03%
  2. Invesco Senior Loan ETF 3.11%
  3. Dreyfus Government Cash Management 2.46%
  4. First Brands Group LLC 1.17%
  5. SPDR Blackstone Senior Loan ETF 1.13%
  6. CHOBANI LLC 0.92%
  7. Garda World Security Corp 0.85%
  8. IXS Holdings Inc 0.81%
  9. Great Outdoors Group LLC 0.81%
  10. Groupe Solmax Inc 0.72%

Asset Allocation

Weighting Return Low Return High FLYRX % Rank
Bonds 		92.79% 0.00% 161.82% 71.92%
Stocks 		4.58% 0.00% 100.74% 16.92%
Cash 		2.62% -61.90% 16.36% 53.85%
Other 		0.00% -52.39% 34.87% 53.85%
Preferred Stocks 		0.00% -3.99% 7.30% 40.00%
Convertible Bonds 		0.00% 0.00% 5.51% 48.84%

Stock Sector Breakdown

Weighting Return Low Return High FLYRX % Rank
Industrials 		84.89% 0.00% 100.00% 3.48%
Energy 		15.11% 0.00% 100.00% 44.35%
Utilities 		0.00% 0.00% 100.00% 26.96%
Technology 		0.00% 0.00% 100.00% 29.57%
Real Estate 		0.00% 0.00% 48.61% 14.78%
Healthcare 		0.00% 0.00% 100.00% 14.78%
Financial Services 		0.00% 0.00% 89.61% 14.78%
Communication Services 		0.00% 0.00% 100.00% 56.52%
Consumer Defense 		0.00% 0.00% 100.00% 31.30%
Consumer Cyclical 		0.00% 0.00% 97.66% 42.61%
Basic Materials 		0.00% 0.00% 1.36% 13.04%

Stock Geographic Breakdown

Weighting Return Low Return High FLYRX % Rank
US 		4.38% -0.01% 100.74% 16.92%
Non US 		0.20% 0.00% 0.68% 3.46%

Bond Sector Breakdown

Weighting Return Low Return High FLYRX % Rank
Corporate 		84.99% 0.00% 99.80% 74.81%
Cash & Equivalents 		2.46% 0.00% 25.03% 52.69%
Securitized 		0.97% 0.00% 91.68% 31.01%
Government 		0.01% 0.00% 3.18% 22.48%
Derivative 		0.00% -10.96% 0.85% 36.15%
Municipal 		0.00% 0.00% 0.47% 16.28%

Bond Geographic Breakdown

Weighting Return Low Return High FLYRX % Rank
US 		92.79% 0.00% 123.41% 49.62%
Non US 		0.00% 0.00% 63.23% 50.38%

FLYRX - Expenses

Operational Fees

FLYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 0.93% 0.03% 5.51% 64.04%
Management Fee 0.60% 0.00% 1.89% 34.83%
12b-1 Fee 0.00% 0.00% 1.00% 0.74%
Administrative Fee N/A 0.02% 0.27% N/A

Sales Fees

FLYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 1.00% 5.75% N/A
Deferred Load N/A 1.00% 1.00% N/A

Trading Fees

FLYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.00% 2.00% N/A

Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

FLYRX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 41.00% 4.00% 180.00% 26.53%

FLYRX - Distributions

Dividend Yield Analysis

FLYRX Category Low Category High FLYRX % Rank
Dividend Yield 8.15% 0.00% 11.13% 10.07%

Dividend Distribution Analysis

FLYRX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Monthly Monthly Monthly

Net Income Ratio Analysis

FLYRX Category Low Category High FLYRX % Rank
Net Income Ratio 3.16% 1.77% 9.82% 74.22%

Capital Gain Distribution Analysis

FLYRX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Distributions History

View More +

FLYRX - Fund Manager Analysis

Managers

Jonathan Sharkey

Start Date

Tenure

Tenure Rank

Feb 14, 2007

15.3

15.3%

Sharkey is a vice president, joined Pioneer in August 2006. From March 2004 to August 2006, he was employed by Putnam Investments as a corporate bond and leveraged loan analyst. Prior to that, Sharkey was a principal and leveraged loan analyst at Cypress Tree Investments.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.09 21.18 6.06 3.25

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