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PHD / PHD: A Laggard In The Leveraged Loan CEF World

The Pioneer Floating Rate Fund has underperformed compared to its peers, despite a rise in disbursable cash flow due to increased interest rates. The fund has tended to choose credits with inferior risk/reward metrics when compared to its peers. The CEF has a wide discount to NAV on the back of its mediocre performance. The discount will not narrow until we see a new structural bull market. Read More

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PHD

Laggard

Leveraged

Loan

World

Stock

Posted: Jul 6 2023, 17:04

Author Name: Seeking Alpha

PHD News

By Seeking Alpha
October 27, 2023

VVR And PHD: 2 Monthly Floating Rate CEFs Raising Dividends, Selling At Discounts

Pioneer Floating Rate Fund and Invesco Senior Income Trust have outperformed the S&P 500 thanks to increased monthly distributions. VVR has had the st

By Seeking Alpha
October 6, 2023

PHD: One Of The Few Debt Funds That Benefits From Rising Rates

Pioneer Floating Rate Fund, Inc. offers a high level of current income with a whopping 12.43% yield. The PHD closed-end fund has outperformed the Bloo

By Seeking Alpha
August 2, 2023

PHD: Another Amortizing Fund To Avoid

The Pioneer Floating Rate Fund aims to deliver high current income from floating rate loans. The PHD fund has generated modest long-term returns of 6.

By Seeking Alpha
July 6, 2023

PHD: A Laggard In The Leveraged Loan CEF World

The Pioneer Floating Rate Fund has underperformed compared to its peers, despite a rise in disbursable cash flow due to increased interest rates. The

By Seeking Alpha
April 16, 2023

PHD And VVR: Two 12% Yielders Raising Dividends, At Discounts

By Seeking Alpha
December 28, 2022

PHD: Leverage Rising Interest Rates With This High-Yield Floating-Rate Fund

The Pioneer Floating Rate Trust trades at a discount of -11% and pays a monthly distribution that has been raised 5 months in a row. The current annua

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