PHD - Pioneer Floating Rate Fund

What this means for you

One or more large investors own more than 5% of this fund but have told the regulator they are not seeking changes. That is common for banks, brokers and index funds that hold shares for their clients.

Nothing is required of you. If an investor changes its mind, it must file a new notice within days, and it will show up here.

Email me if this changes

What happened, and when

1. July 30, 2026

   The fund stopped reporting to the regulator (closed down).

   Original document →

2. Feb 17, 2026

   Almitas filed an updated notice; it still owns 5.7%, as a passive investor.

   Original document →

3. Nov 14, 2025

   Almitas now owns 5.7%, as a passive investor.

   Original document →

4. Oct 15, 2025

   The fund's shares stopped trading on the exchange.

   Original document →

5. July 9, 2025

   The fund proposed closing down. Holders vote on July 17, 2025.

   Original document →

About this fund

• Run by Pioneer. At its last yearly report (Nov 30, 2025) the fund was run by Victory Capital Management Inc. As of Nov 30, 2025, from the fund's yearly report. Original document →
• Size: about $4.88 million of holdings, as of Feb 27, 2026. As of Feb 27, 2026, from the fund's quarterly holdings report. Original document →
• Borrowing: the fund borrows about 4% on top of its own money, as of Feb 27, 2026. Borrowed money makes gains and losses bigger. As of Feb 27, 2026, from the fund's quarterly holdings report. Original document →
• Costs: 8.7% a year in management fees; 73.4% a year in total, including interest on borrowed money. Fiscal year ended Nov 30, 2025. As of Nov 30, 2025, from the fund's yearly report. Original document →
• Payouts: last fiscal year the fund told the regulator that part of what it paid out was not income (it came from gains or from your own money back). As of Nov 30, 2025, from the fund's yearly report. Original document →
• Value of holdings per share at the last fiscal year end (Nov 30, 2025): $0.40. As of Nov 30, 2025, from the fund's yearly report. Original document →
• How the holdings did: down 2.5% over the last three months we have (Dec 2025-Feb 2026), before the share price is taken into account. Over the last 12 months: +5.5%. As of Feb 27, 2026, from the fund's quarterly holdings report. Original document →
• First reported to the regulator in 2004.

What the fund holds

Almost all bonds (100%).

1. Alturas Re 2022-2, 12/31/2027 - 0%

As of Feb 27, 2026, from the fund's quarterly holdings report. Original document →