Pioneer Floating Rate’s seasoned manager leans on a strong credit research team and employs a sensible, conservative approach. The narrow range of bank-loan returns presents a high after-fees performance hurdle, which drives a Morningstar Analyst Rating of Neutral across all share classes.
Will FLRCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
The Process Pillar is our assessment of how sensible, clearly defined, and repeatable FLRCX’s performance objective and investment process is for both security selection and portfolio construction.
The People Pillar is our evaluation of the FLRCX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.
The Parent Pillar is our rating of FLRCX’s parent organization’s priorities and whether they’re in line with investors’ interests.