Pioneer Floating Rate Trust is a closed-end investment company. The fund’s primary investment objective is to provide current income and preserve capital by investing in a portfolio of floating rate senior loans made to companies across a variety of industries.
The fund is managed by Pioneer Investment Management Inc. a Boston-based investment management firm with more than $250 billion in assets under management.
The fund’s ticker symbol is PFLT and it trades on the New York Stock Exchange.
As of March 31 2020 the fund had $942 million in assets and a 30-day SEC yield of 3.60%.
The fund’s expense ratio is 1.19%.
The fund is co-managed by Peter A. Doyle and Michael J. Levitt.
Pioneer Floating Rate Trust’s portfolio is diversified across a variety of industries with the largest exposure to the healthcare energy and financial sectors.
As of March 31 2020 the fund’s top 10 holdings were:
1. Physicians Realty Trust
2. Golden Nugget Inc.
3. Diamondback Energy Inc.
4. Franklin Resources Inc.
5. Energy Transfer Partners L.P.
6. Phillips 66
7. Goldman Sachs Group Inc.
8. JPMorgan Chase & Co.
9. Bank of America Corporation
10. Apollo Global Management LLC
The fund has a four-star rating from Morningstar and a yield of 3.60%.
What does the floating rate trust do?
The Pioneer Floating Rate Trust is a closed-end investment company that invests in a variety of debt instruments.
What is the primary objective of the Pioneer Floating Rate Trust?
The primary objective of the Pioneer Floating Rate Trust is to provide current income.
What are the fees associated with investing in the Pioneer Floating Rate Trust?
There is a 2.
00% management fee and a 4.
50% front-end sales charge.
How often does the Pioneer Floating Rate Trust distribute dividends?
The Pioneer Floating Rate Trust distributes dividends on a monthly basis.
What is the ticker symbol for the Pioneer Floating Rate Trust?
The ticker symbol for the Pioneer Floating Rate Trust is PFF.
What is the CUSIP number for the Pioneer Floating Rate Trust?
The CUSIP number for the Pioneer Floating Rate Trust is 73935R409.
What is the ticker symbol for the pioneer floating rate trust?
The ticker symbol for the Pioneer Floating Rate Trust is PFF.
What is the expense ratio for the Pioneer Floating Rate Trust?
The expense ratio for the Pioneer Floating Rate Trust is 1.
17%.
What is the net asset value for the Pioneer Floating Rate Trust?
The net asset value for the Pioneer Floating Rate Trust is $2.
73.
What is the yield for the Pioneer Floating Rate Trust?
The yield for the Pioneer Floating Rate Trust is 5.
13%.
When was the Pioneer Floating Rate Trust created?
The Pioneer Floating Rate Trust was created on December 30 2002.
When was the last time the Pioneer Floating Rate Trust had a distribution?
The last distribution by the Pioneer Floating Rate Trust was on September 30 2019.
What is the distribution rate for the Pioneer Floating Rate Trust?
The distribution rate for the Pioneer Floating Rate Trust is 10.
61%.
What is the distribution rate for the Pioneer Floating Rate Trust?
The distribution rate for the Pioneer Floating Rate Trust is 10.
61%.
What is the investment advisor for the Pioneer Floating Rate Trust?
The investment advisor for the Pioneer Floating Rate Trust is Voya Investment Management LLC.
