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

Dec. 28, 2022 1:28 PM ETPioneer Floating Rate Trust (PHD)AIF, ARDC, JRO, VVR17 Comments
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Damon Judd


  • 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 annual yield exceeds 11.5% and benefits from rising interest rates due to its mostly floating rate senior secured loans that it holds.
  • The fund manager, Amundi, has managed Pioneer Floating Rate Trust since inception in 2004 and has successfully navigated multiple recessions and bear markets during that time.

Business and economy: profit increase

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As the year 2022 nears its conclusion and investors attempt to navigate the constantly changing economic conditions and expectations for next year, some trends have become apparent and inevitable. One of those trends that we have witnessed this year that influences investment

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Damon Judd profile picture
Visit for more info about me. I became deeply interested in the stock market beginning in late 2007 (bad timing for me but worse for my uncle) when I received an unexpected inheritance. Since that time I have done considerable research and vowed to make smarter long-term investing decisions after suffering through the Great Recession with minimal losses to my inherited portfolio, after firing my financial advisor.I look for individual growth and income stocks, and some funds (CEFs, ETFs) that offer high yield income to increase my retirement income beyond my 401k and the pension that I will receive after I retire. I also enjoy reading investment/financial and business information and following trends in technology and markets. The human psychology of markets is as fascinating and inscrutable to me as the financial side. I work as an information systems manager, so data and information are valuable assets to me. I am not a financial advisor so please do your own due diligence before making any buy or sell decisions.“The race is not always to the swift, nor the battle to the strong, but that's the way to bet.” Damon Runyon

Disclosure: I/we have a beneficial long position in the shares of AIF, PHD, VVR, ARDC, JRO either through stock ownership, options, or other derivatives. I wrote this article myself, and it expresses my own opinions. I am not receiving compensation for it (other than from Seeking Alpha). I have no business relationship with any company whose stock is mentioned in this article.

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