Pioneer Floating Rate Fund (FLYRX)
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. 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.
Fund Info
| ISIN | US72387S3085 |
|---|---|
| CUSIP | 72387S308 |
| Issuer | Amundi US |
| Inception Date | Feb 13, 2007 |
| Category | Bank Loan |
| Min. Investment | $5,000,000 |
| Asset Class | Bond |
Expense Ratio
FLYRX has a high expense ratio of 0.75%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in Pioneer Floating Rate Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
Pioneer Floating Rate Fund had a return of 3.89% year-to-date (YTD) and 12.12% in the last 12 months. Over the past 10 years, Pioneer Floating Rate Fund had an annualized return of 3.74%, while the S&P 500 had an annualized return of 10.99%, indicating that Pioneer Floating Rate Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 3.89% | 11.18% |
| 1 month | 1.18% | 5.60% |
| 6 months | 5.64% | 17.48% |
| 1 year | 12.12% | 26.33% |
| 5 years (annualized) | 4.09% | 13.16% |
| 10 years (annualized) | 3.74% | 10.99% |
Monthly Returns
The table below presents the monthly returns of FLYRX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | 1.09% | 1.03% | 0.86% | 0.52% | 3.89% | ||||||||
| 2023 | 2.69% | 0.36% | -0.45% | 0.88% | -0.61% | 2.43% | 1.40% | 1.25% | 0.76% | -0.55% | 1.26% | 0.92% | 10.78% |
| 2022 | 0.26% | -0.50% | -0.05% | -0.18% | -2.51% | -2.55% | 1.82% | 1.68% | -3.00% | 0.58% | 1.36% | 0.34% | -2.88% |
| 2021 | 0.90% | 0.44% | 0.13% | 0.44% | 0.44% | 0.44% | -0.02% | 0.44% | 0.44% | 0.30% | -0.18% | 0.48% | 4.34% |
| 2020 | 0.37% | -1.30% | -10.97% | 3.32% | 3.04% | 1.10% | 1.57% | 1.56% | 0.43% | 0.27% | 2.18% | 1.33% | 2.10% |
| 2019 | 2.40% | 1.31% | -0.21% | 1.59% | -0.34% | 0.42% | 0.72% | -0.33% | 0.41% | -0.35% | 0.41% | 1.33% | 7.56% |
| 2018 | 0.75% | 0.17% | 0.18% | 0.34% | 0.20% | 0.06% | 0.65% | 0.20% | 0.52% | -0.08% | -0.65% | -2.17% | 0.13% |
| 2017 | 0.46% | 0.46% | 0.15% | 0.29% | 0.29% | 0.16% | 0.60% | 0.01% | 0.18% | 0.47% | 0.16% | 0.46% | 3.75% |
| 2016 | -0.45% | -0.30% | 2.15% | 1.37% | 0.61% | 0.03% | 1.07% | 0.47% | 0.62% | 0.47% | 0.03% | 0.75% | 7.01% |
| 2015 | 0.16% | 1.05% | 0.45% | 0.75% | 0.31% | -0.12% | 0.16% | -0.28% | -0.15% | 0.00% | -0.44% | -0.80% | 1.08% |
| 2014 | 0.47% | 0.19% | 0.33% | 0.03% | 0.46% | 0.43% | 0.01% | 0.17% | -0.43% | 0.16% | 0.45% | -0.85% | 1.43% |
| 2013 | 0.98% | 0.24% | 0.69% | 0.61% | 0.07% | -0.48% | 0.75% | 0.06% | 0.14% | 0.72% | 0.16% | 0.53% | 4.57% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current risk-adjusted rank of FLYRX is 98, placing it in the top 2% of mutual funds on our website in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
FLYRX (Pioneer Floating Rate Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for Pioneer Floating Rate Fund (FLYRX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
Pioneer Floating Rate Fund granted a 8.69% dividend yield in the last twelve months. The annual payout for that period amounted to $0.54 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.54 | $0.53 | $0.35 | $0.23 | $0.25 | $0.33 | $0.30 | $0.28 | $0.27 | $0.26 | $0.27 | $0.29 |
Dividend yield | 8.69% | 8.69% | 5.80% | 3.48% | 3.91% | 5.00% | 4.66% | 4.13% | 3.89% | 3.85% | 3.96% | 4.18% |
Monthly Dividends
The table displays the monthly dividend distributions for Pioneer Floating Rate Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.05 | $0.04 | $0.04 | $0.04 | $0.00 | $0.17 | |||||||
| 2023 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.53 |
| 2022 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.04 | $0.09 | $0.35 |
| 2021 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.23 |
| 2020 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.04 | $0.25 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.33 |
| 2018 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.05 | $0.30 |
| 2017 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.05 | $0.28 |
| 2016 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2015 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.26 |
| 2014 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.27 |
| 2013 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.29 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the Pioneer Floating Rate Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the Pioneer Floating Rate Fund was 27.30%, occurring on Dec 16, 2008. Recovery took 194 trading sessions.
The current Pioneer Floating Rate Fund drawdown is 0.16%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -27.3% | Jun 7, 2007 | 385 | Dec 16, 2008 | 194 | Sep 24, 2009 | 579 |
| -19.05% | Jan 16, 2020 | 46 | Mar 23, 2020 | 172 | Nov 24, 2020 | 218 |
| -6.05% | Jan 24, 2022 | 112 | Jul 5, 2022 | 206 | Apr 28, 2023 | 318 |
| -4.62% | Aug 2, 2011 | 17 | Aug 24, 2011 | 95 | Jan 10, 2012 | 112 |
| -3.26% | Oct 11, 2018 | 53 | Dec 27, 2018 | 38 | Feb 22, 2019 | 91 |
Volatility
Volatility Chart
The current Pioneer Floating Rate Fund volatility is 0.79%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.