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Pioneer Floating Rate Y FLYRX

Analyst rating as of
NAV / 1-Day Return
6.10  /  0.05 %
Total Assets
399.9 Mil
Adj. Expense Ratio
0.750%
Expense Ratio
0.750%
Fee Level
Average
Longest Manager Tenure
15.79 years
Category
Bank Loan
Credit Quality / Interest Rate Sensitivity
Low / Limited
Min. Initial Investment
5,000,000
Status
Open
TTM Yield
4.24%
Effective Duration
0.13 years

Morningstar’s Fund Analysis FLYRX

Will FLYRX outperform in future?

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

A veteran manager employs a prudent, liquidity-conscious approach.

Summary

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Pioneer Floating Rate’s seasoned manager plies a thoughtful, conservative approach. However, the high hurdle to generate excess returns in the very competitive bank-loan market, combined with this fund’s price tag, drive a Morningstar Analyst Rating of Neutral across all share classes.

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