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Pioneer Floating Rate C FLRCX

Analyst rating as of
NAV / 1-Day Return
6.55  /  0.01 %
Total Assets
310.2 Mil
Adj. Expense Ratio
1.830%
Expense Ratio
1.830%
Fee Level
High
Longest Manager Tenure
14.03 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
1,000
Status
Open
TTM Yield
2.65%
Effective Duration
1.76 years
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Morningstar’s Analysis

Will FLRCX outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

A solid team plies a sensible approach in a tough category for outperformance.

Summary

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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.

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