Pioneer Floating Rate Fund
Data updated: 2025-03-25
C000042205 — Pioneer Floating Rate Fund. Short Corporate Bond · $345.42M AUM · 1.85% expense ratio. Holdings, fees, performance and SEC filings.
C000042205 Fund Overview
Pioneer Floating Rate Fund is a US mutual fund managed by Pioneer Series Trust VI, categorised as Short Corporate Bond. ABC INVEST provides holdings, performance, costs, cashflows, risk data, prospectus documents and SEC filings, sourced from SEC filings.
- Type: US mutual fund
- Manager: Pioneer Series Trust VI
- Category: Short Corporate Bond
- Assets under management: $345.42M
- 1-year return: 8.2%
- SEC CIK: 0001380192
- SEC series ID: S000015510
- Share class ID: C000042205
C000042205 Investment Objective and Strategy
Pioneer Floating Rate Fund describes its objective and strategy as follows, from its latest prospectus filed with the SEC by Pioneer Series Trust VI.
Investment objective
A high level of current income.
Principal investment strategy
"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, 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 with a broad range of maturities. 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's investments may include instruments that allow for balloon payments or negative amortization payments.
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 ""sub-prime"" mortgages and asset-backed securities. The fund also may invest in U.S. government securities, zero coupon securities, subordinated debt securities, event-linked bonds and other 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."
C000042205 Holdings
Top 10 holdings of Pioneer Floating Rate Fund by percentage of net assets, from the fund's latest SEC N-PORT filing.
| Holding | % of net assets |
|---|---|
| Dreyfus Government Cash Management | 7.60% |
| Bank Of America, National Association | 2.90% |
| Invesco Senior Loan ETF | 2.00% |
| Chobani LLC | 1.28% |
| First Brands Group LLC | 1.23% |
| SPDR Blackstone Senior Loan ETF | 0.91% |
| Garda World Security | 0.91% |
| Ixs Holdings, Inc. | 0.88% |
| Sedgwick Cms, Inc. | 0.78% |
| Gainwell Acquisition Cor | 0.76% |
C000042205 Portfolio Allocation
Asset-class allocation of Pioneer Floating Rate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Asset class | Allocation |
|---|---|
| Loans | 81.0% |
| Cash & Equivalents | 10.5% |
| Fixed Income | 5.7% |
| Equity | 3.3% |
| Securitized | 1.9% |
C000042205 Performance
Total returns for C000042205 (as of 2026-10-01), from SEC filings.
| Period | Total return |
|---|---|
| 1 year | 8.2% |
| 3 years (annualised) | 4.9% |
| 5 years (annualised) | 3.8% |
C000042205 Risk Information
Risk metrics for C000042205, derived from monthly returns in SEC filings.
- 1-year volatility (annualised): 0.9%
C000042205 Costs and Fees
C000042205 costs about $185 per $10,000 invested per year in fund expenses.
- Net expense ratio: 1.85%
- Gross expense ratio: 1.85%
- Portfolio turnover: 64%
- Brokerage commissions: 0.16 bps of average net assets (SEC N-CEN)
C000042205 Cashflows
Over the 12 months to 2025-01, Pioneer Floating Rate Fund had net inflows of $67.38M, from monthly SEC N-PORT filings.
| Month | Net flow |
|---|---|
| 2025-01 | $15.21M |
| 2024-12 | $4.51M |
| 2024-11 | −$14.36M |
| 2024-10 | −$5.44M |
| 2024-09 | −$24.17M |
| 2024-08 | −$2.47M |
C000042205 Debt Constituents
Largest debt holdings of Pioneer Floating Rate Fund by percentage of net assets, from the latest SEC N-PORT filing.
| Debt holding | % of net assets |
|---|---|
| Clearway Energy Op LLC | 0.32% |
| Equipmentshare.com, Inc. | 0.30% |
| Sealed Air Corp. | 0.29% |
| Cloud Software Grp, Inc. | 0.28% |
| Hilcorp Energy I/hilcorp | 0.28% |
| Key Bank Na | 0.28% |
| Nesco Holdings Ii, Inc. | 0.27% |
| US Acute Care Solutions | 0.25% |
| Uniti Group/csl Capital | 0.23% |
| Tronox, Inc. | 0.16% |
C000042205 Prospectus and SEC Filings
Official Pioneer Floating Rate Fund filings on SEC EDGAR — prospectus, portfolio holdings and annual reports.
- Prospectus (485BPOS) — filed 2025-02-27
- Prospectus (485BPOS) — filed 2024-02-27
- Prospectus (485BPOS) — filed 2023-02-24
- Portfolio holdings (N-PORT) — filed 2025-03-25
- Portfolio holdings (N-PORT) — filed 2024-12-19
- Portfolio holdings (N-PORT) — filed 2024-09-23
- Annual census (N-CEN) — filed 2025-01-10
- Annual census (N-CEN) — filed 2024-01-12
Related Funds
Other Short Corporate Bond funds tracked on ABC INVEST:
Data Sources
ABC INVEST compiles this page from public filings made to the U.S. Securities and Exchange Commission (SEC) through EDGAR: portfolio holdings and monthly cashflows from Form N-PORT, expenses and returns from fund prospectuses (Form 485BPOS) and the SEC DERA Risk/Return Summary data sets, annual data from Form N-CEN, and shareholder reports from Form N-CSR.