Pioneer Floating
Rate Fund, Inc.
Rate Fund, Inc.
Schedule of Investments | February 29, 2024
Ticker Symbol: PHD |
Schedule of Investments | 2/29/24
(unaudited)
Principal Amount USD ($) | Value | |||||
UNAFFILIATED ISSUERS — 146.9% | ||||||
Senior Secured Floating Rate Loan Interests — 120.8% of Net Assets*(a) | ||||||
Advanced Materials — 1.7% | ||||||
873,395 | Gemini HDPE LLC, 2027 Advance, 8.574% (Term SOFR + 300 bps), 12/31/27 | $ 866,845 | ||||
1,365,978 | Groupe Solmax, Inc., Initial Term Loan, 10.36% (Term SOFR + 475 bps), 5/29/28 | 1,334,105 | ||||
Total Advanced Materials | $2,200,950 | |||||
Advertising Sales — 1.6% | ||||||
2,048,922 | Clear Channel Outdoor Holdings, Inc., Term B Loan, 9.074% (Term SOFR + 350 bps), 8/21/26 | $ 2,044,531 | ||||
Total Advertising Sales | $2,044,531 | |||||
Advertising Services — 1.5% | ||||||
987,474 | Dotdash Meredith, Inc., Term B Loan, 9.428% (Term SOFR + 400 bps), 12/1/28 | $ 980,891 | ||||
977,500 | Summer BC Bidco B LLC, Term Loan B, 10.434% ( Term SOFR + 500 bps), 2/5/29 | 974,139 | ||||
Total Advertising Services | $1,955,030 | |||||
Aerospace & Defense — 0.6% | ||||||
819,375 | ADS Tactical, Inc., Initial Term Loan, 11.191% (Term SOFR + 575 bps), 3/19/26 | $ 825,520 | ||||
Total Aerospace & Defense | $825,520 | |||||
Airlines — 1.6% | ||||||
873,611 | AAdvantage Loyality IP, Ltd. (American Airlines, Inc.), Initial Term Loan, 10.329% (Term SOFR + 475 bps), 4/20/28 | $ 904,734 | ||||
875,000 | Mileage Plus Holdings LLC (Mileage Plus Intellectual Property Assets, Ltd.), Initial Term Loan, 10.77% (Term SOFR + 525 bps), 6/21/27 | 902,492 | ||||
255,000 | SkyMiles IP, Ltd. (Delta Air Lines, Inc.), Initial Term Loan, 9.068% (Term SOFR + 375 bps), 10/20/27 | 262,634 | ||||
Total Airlines | $2,069,860 | |||||
Apparel Manufacturers — 0.7% | ||||||
958,959 | Hanesbrands Inc., Initial Tranche B Term Loan, 9.076% (Term SOFR + 375 bps), 3/8/30 | $ 958,959 | ||||
Total Apparel Manufacturers | $958,959 | |||||
1Pioneer Floating Rate Fund, Inc. | 2/29/24
Principal Amount USD ($) | Value | |||||
Appliances — 0.6% | ||||||
830,087(b) | Osmosis Buyer Ltd., 2023 Incremental Delayed Draw Term Loan, 9.572% (Term SOFR + 425 bps), 7/31/28 | $ 831,273 | ||||
Total Appliances | $831,273 | |||||
Applications Software — 1.8% | ||||||
828,738 | Central Parent LLC, First Lien 2023 Refinancing Term Loan, 9.348% (Term SOFR + 400 bps), 7/6/29 | $ 831,630 | ||||
543,352 | EP Purchaser LLC, First Lien Closing Date Term Loan, 9.11% (Term SOFR + 350 bps), 11/6/28 | 538,767 | ||||
872,276(c) | Loyalty Ventures, Inc., Term B Loan, 9.937% (LIBOR + 650 bps), 11/3/27 | 8,723 | ||||
993,648 | RealPage, Inc., First Lien Initial Term Loan, 8.441% (Term SOFR + 300 bps), 4/24/28 | 967,751 | ||||
Total Applications Software | $2,346,871 | |||||
Athletic Equipment — 0.5% | ||||||
250,000 | Amer Sports Co., Initial USD Term Loan, 8.576% (Term SOFR + 325 bps), 2/17/31 | $ 250,625 | ||||
405,000 | Recess Holdings, Inc., First Lien Amendment No. 3 Term Loan, 9.843% ( Term SOFR + 450 bps), 2/20/30 | 405,253 | ||||
Total Athletic Equipment | $655,878 | |||||
Auction House & Art Dealer — 0.4% | ||||||
487,500 | Sotheby's, 2021 Second Refinancing Term Loan, 10.076% (Term SOFR + 450 bps), 1/15/27 | $ 484,250 | ||||
Total Auction House & Art Dealer | $484,250 | |||||
Auto Parts & Equipment — 3.4% | ||||||
412,750 | Adient US LLC, Term B-2 Loan, 8.076% (Term SOFR + 275 bps), 1/31/31 | $ 413,892 | ||||
636,734 | American Axle & Manufacturing, Inc., New Tranche B Term Loan, 8.918% (Term SOFR + 350 bps), 12/13/29 | 638,060 | ||||
1,834,158 | First Brands Group LLC, First Lien 2021 Term Loan, 10.574% (Term SOFR + 500 bps), 3/30/27 | 1,840,807 | ||||
1,548,750 | IXS Holdings, Inc., Initial Term Loan, 9.693% (Term SOFR + 425 bps), 3/5/27 | 1,471,313 | ||||
Total Auto Parts & Equipment | $4,364,072 | |||||
Auto Repair Centers — 0.5% | ||||||
615,000(d) | Champions Holdco, Inc., Intial Term Loan, 2/23/29 | $ 615,577 | ||||
Total Auto Repair Centers | $615,577 | |||||
Pioneer Floating Rate Fund, Inc. | 2/29/242
Schedule of Investments | 2/29/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Auto-Truck Trailers — 0.8% | ||||||
982,500 | Novae LLC, Tranche B Term Loan, 10.521% (Term SOFR + 500 bps), 12/22/28 | $ 977,894 | ||||
Total Auto-Truck Trailers | $977,894 | |||||
Beverages — 0.7% | ||||||
164,167 | Naked Juice LLC, First Lien Initial Term Loan, 8.698% (Term SOFR + 325 bps), 1/24/29 | $ 155,138 | ||||
495,000 | Pegasus BidCo B.V., 2024-1 Term Dollar Loan, 9.057% (Term SOFR + 375 bps), 7/12/29 | 496,031 | ||||
275,000(d) | Triton Water Holdings, Inc., Non-Fungible Incremental Term Loan B, 3/31/28 | 270,402 | ||||
Total Beverages | $921,571 | |||||
Broadcast Service & Programing — 0.4% | ||||||
470,869 | Univision Communications, Inc., First Lien Initial Term Loan, 8.691% (Term SOFR + 325 bps), 1/31/29 | $ 469,103 | ||||
Total Broadcast Service & Programing | $469,103 | |||||
Building & Construction — 1.1% | ||||||
500,000 | DG Investment Intermediate Holdings 2, Inc., Second Lien Initial Term Loan, 12.191% (Term SOFR + 675 bps), 3/30/29 | $ 468,854 | ||||
973,937 | Service Logic Acquisition, Inc., First Lien Closing Date Initial Term Loan, 9.574% (Term SOFR + 400 bps), 10/29/27 | 974,546 | ||||
Total Building & Construction | $1,443,400 | |||||
Building & Construction Products — 1.9% | ||||||
1,440,238 | Cornerstone Building Brands, Inc., Tranche B Term Loan, 8.668% (Term SOFR + 325 bps), 4/12/28 | $ 1,425,707 | ||||
560,254 | CP Atlas Buyer, Inc., Term B Loan, 9.176% (Term SOFR + 375 bps), 11/23/27 | 553,717 | ||||
491,190 | LHS Borrower LLC, Initial Term Loan, 10.176% (Term SOFR + 475 bps), 2/16/29 | 459,877 | ||||
Total Building & Construction Products | $2,439,301 | |||||
Building Production — 2.1% | ||||||
490,000 | Chariot Buyer LLC, First Lien Initial Term Loan, 8.676% (Term SOFR + 325 bps), 11/3/28 | $ 488,994 | ||||
445,431 | Jeld-Wen, Inc., Replacement 2023 Term B Loan, 7.441% (Term SOFR + 200 bps), 7/28/28 | 445,501 | ||||
746,255 | Koppers, Inc., Term B Loan, 8.93% (Term SOFR + 350 bps), 4/10/30 | 751,152 |
3Pioneer Floating Rate Fund, Inc. | 2/29/24
Principal Amount USD ($) | Value | |||||
Building Production — (continued) | ||||||
132,000 | Summit Materials LLC, Term B-2 Loan, 7.826% (Term SOFR + 250 bps), 1/12/29 | $ 132,567 | ||||
833,000 | Vector WP MidCo, Inc. (Vector Canada Acquisition ULC), Initial Term B Loan, 10.441% (Term SOFR + 500 bps), 10/12/28 | 835,082 | ||||
Total Building Production | $2,653,296 | |||||
Building-Air & Heating — 0.2% | ||||||
223,018 | EMRLD Borrower LP, Initial Term B Loan, 7.813% (Term SOFR + 300 bps), 5/31/30 | $ 222,496 | ||||
Total Building-Air & Heating | $222,496 | |||||
Building-Heavy Construction — 0.6% | ||||||
738,665 | Osmose Utilities Services, Inc., First Lien Initial Term Loan, 8.691% (Term SOFR + 325 bps), 6/23/28 | $ 735,433 | ||||
Total Building-Heavy Construction | $735,433 | |||||
Building-Maintenance & Service — 0.7% | ||||||
932,615 | ArchKey Holdings, Inc., First Lien Initial Term Loan, 10.691% (Term SOFR + 525 bps), 6/29/28 | $ 932,615 | ||||
Total Building-Maintenance & Service | $932,615 | |||||
Cable & Satellite Television — 3.3% | ||||||
1,917,312 | Altice France S.A., USD TLB-[14] Loan, 10.814% (Term SOFR + 550 bps), 8/15/28 | $ 1,767,921 | ||||
497,487 | CSC Holdings LLC, 2022 Refinancing Term Loan, 9.818% (Term SOFR + 450 bps), 1/18/28 | 484,842 | ||||
678,500(d) | DIRECTV Financing LLC, 2024 Refinancing Term B Loan, 8/2/29 | 678,258 | ||||
1,029,123 | Radiate Holdco LLC, Amendment No. 6 Term B Loan, 8.691% (Term SOFR + 325 bps), 9/25/26 | 847,580 | ||||
500,000 | Virgin Media Bristol LLC, Facility Q, 8.682% (Term SOFR + 325 bps), 1/31/29 | 499,258 | ||||
Total Cable & Satellite Television | $4,277,859 | |||||
Casino Hotels — 0.8% | ||||||
989,981 | Century Casinos, Inc., Term B Facility Loan, 11.428% (Term SOFR + 600 bps), 4/2/29 | $ 976,781 | ||||
Total Casino Hotels | $976,781 | |||||
Casino Services — 0.7% | ||||||
266,000 | Caesars Entertainment, Inc., Incremental Term B1 Loan, 8.04% (Term SOFR + 275 bps), 2/6/31 | $ 266,055 | ||||
530,318 | Everi Holdings, Inc., Term B Loan, 7.941% (Term SOFR + 250 bps), 8/3/28 | 531,201 |
Pioneer Floating Rate Fund, Inc. | 2/29/244
Schedule of Investments | 2/29/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Casino Services — (continued) | ||||||
33,872 | Lucky Bucks LLC, Priority First Out Exit Term Loan, 12.98% (Term SOFR + 750 bps), 10/2/28 | $ 32,687 | ||||
67,947 | Lucky Bucks LLC, Priority Second Out Term Loan, 12.98% (Term SOFR + 750 bps), 10/2/29 | 59,454 | ||||
Total Casino Services | $889,397 | |||||
Cellular Telecom — 0.7% | ||||||
538,917 | CCI Buyer, Inc., First Lien Initial Term Loan, 9.348% (Term SOFR + 400 bps), 12/17/27 | $ 535,693 | ||||
733,125 | Xplore Inc., First Lien Refinancing Term Loan, 9.61% (Term SOFR + 400 bps), 10/2/28 | 349,609 | ||||
350,000 | Xplore, Inc., Second Lien Initial Term Loan, 12.61% (Term SOFR + 700 bps), 10/1/29 | 78,695 | ||||
Total Cellular Telecom | $963,997 | |||||
Chemicals-Diversified — 2.2% | ||||||
1,000,000 | ARC Falcon I, Inc., Second Lien Initial Term Loan, 12.427% (Term SOFR + 700 bps), 9/30/29 | $ 895,000 | ||||
298,500 | Ineos Quattro Holdings UK Ltd., 2030 Tranche B Dollar Term Loan, 9.176% (Term SOFR + 375 bps), 3/14/30 | 298,686 | ||||
298,500 | Ineos US Finance LLC, 2030 Dollar Term Loan, 8.926% (Term SOFR + 350 bps), 2/18/30 | 296,510 | ||||
810,059 | LSF11 A5 Holdco LLC, Fourth Amendment Incremental Term Loan, 9.676% (Term SOFR + 425 bps), 10/15/28 | 809,856 | ||||
494,962 | LSF11 A5 HoldCo LLC, Term Loan, 8.941% (Term SOFR + 350 bps), 10/15/28 | 493,828 | ||||
Total Chemicals-Diversified | $2,793,880 | |||||
Chemicals-Specialty — 2.6% | ||||||
350,136 | Avient Corp., Term B-7 Loan, 7.826% (Term SOFR + 250 bps), 8/29/29 | $ 351,668 | ||||
248,125 | H.B. Fuller Co., Term Loan B, 7.576% (Term SOFR + 225 bps), 2/15/30 | 248,694 | ||||
438,325 | Hexion Holdings Corp., First Lien Initial Term Loan, 9.976% (Term SOFR + 450 bps), 3/15/29 | 421,370 | ||||
432,515 | Mativ Holdings, Inc., Term B Loan, 9.191% (Term SOFR + 375 bps), 4/20/28 | 432,785 | ||||
398,000 | Nouryon Finance B.V., 2023 Term Loan, 9.424% (Term SOFR + 400 bps), 4/3/28 | 398,497 | ||||
447,750 | Nouryon Finance B.V., Extended Dollar Term Loan, 9.419% (Term SOFR + 400 bps), 4/3/28 | 448,590 |
5Pioneer Floating Rate Fund, Inc. | 2/29/24
Principal Amount USD ($) | Value | |||||
Chemicals-Specialty — (continued) | ||||||
646,738 | Olympus Water US Holding Corp., Initial Dollar Term Loan, 9.36% (Term SOFR + 375 bps), 11/9/28 | $ 646,941 | ||||
399,000 | Olympus Water US Holding Corp., Term B-4 Loan, 9.566% (Term SOFR + 425 bps), 11/9/28 | 400,140 | ||||
Total Chemicals-Specialty | $3,348,685 | |||||
Commercial Services — 2.5% | ||||||
497,462 | AEA International Holdings (Luxembourg) S.a.r.l, New Term Loan, 8.818% (Term SOFR + 350 bps), 9/7/28 | $ 498,706 | ||||
398,626 | Corporation Service Co., Initial Tranche B USD Term Loan, 8.066% (Term SOFR + 275 bps), 11/2/29 | 398,875 | ||||
500,000 | DS Parent, Inc., Term Loan B, 10.813% (Term SOFR + 550 bps), 1/31/31 | 495,000 | ||||
600,000(d) | PG Investment Company 59 S.a r.l., Term Loan B, 2/24/31 | 601,313 | ||||
226,653 | Pre-Paid Legal Services, Inc., First Lien Initial Term Loan, 9.191% (Term SOFR + 375 bps), 12/15/28 | 226,535 | ||||
944,717 | Verscend Holding Corp., Term B-1 Loan, 9.441% (Term SOFR + 400 bps), 8/27/25 | 946,192 | ||||
Total Commercial Services | $3,166,621 | |||||
Computer Data Security — 1.0% | ||||||
1,124,125 | Magenta Buyer LLC, First Lien Initial Term Loan, 10.574% (Term SOFR + 500 bps), 7/27/28 | $ 681,501 | ||||
608,270 | Precisely Software, Inc., First Lien Third Amendment Term Loan, 9.586% (Term SOFR + 400 bps), 4/24/28 | 604,658 | ||||
Total Computer Data Security | $1,286,159 | |||||
Computer Services — 2.3% | ||||||
280,000 | Ahead DB Holdings LLC, 2024 First Lien Incremental Term Loan, 9.569% (Term SOFR + 425 bps), 2/1/31 | $ 279,183 | ||||
1,106,625 | Ahead DB Holdings LLC, First Lien Term B Loan, 9.198% (Term SOFR + 375 bps), 10/18/27 | 1,106,210 | ||||
709,823 | MAG DS Corp., Initial Term Loan, 10.948% (Term SOFR + 550 bps), 4/1/27 | 653,037 | ||||
951,845 | Peraton Corp., First Lien Term B Loan, 9.176% (Term SOFR + 375 bps), 2/1/28 | 953,885 | ||||
Total Computer Services | $2,992,315 | |||||
Computer Software — 2.1% | ||||||
1,228,125 | Cornerstone OnDemand, Inc., First Lien Initial Term Loan, 9.191% (Term SOFR + 375 bps), 10/16/28 | $ 1,198,957 |
Pioneer Floating Rate Fund, Inc. | 2/29/246
Schedule of Investments | 2/29/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Computer Software — (continued) | ||||||
985,956 | Help/Systems Holdings, Inc., Term Loan, 9.426% (Term SOFR + 400 bps), 11/19/26 | $ 949,804 | ||||
488,693 | Idera, Inc., First Lien Term B-1 Loan, 9.206% (Term SOFR + 375 bps), 3/2/28 | 486,983 | ||||
Total Computer Software | $2,635,744 | |||||
Computers-Integrated Systems — 1.3% | ||||||
671,222 | Atlas CC Acquisition Corp., First Lien Term B Loan, 9.855% (Term SOFR + 425 bps), 5/25/28 | $ 603,596 | ||||
136,519 | Atlas CC Acquisition Corp., First Lien Term C Loan, 9.855% (Term SOFR + 425 bps), 5/25/28 | 122,765 | ||||
920,000 | NCR Atleos LLC, Term B Loan, 10.163% (Term SOFR + 475 bps), 3/27/29 | 923,307 | ||||
Total Computers-Integrated Systems | $1,649,668 | |||||
Consulting Services — 0.8% | ||||||
1,024,116 | Ankura Consulting Group LLC, 2024 Repricing Term Loan, 9.565% (Term SOFR + 425 bps), 3/17/28 | $ 1,026,357 | ||||
Total Consulting Services | $1,026,357 | |||||
Containers-Paper & Plastic — 1.7% | ||||||
486,216 | Charter Next Generation, Inc., First Lien 2024 Initial Term Loan, 8.826% (Term SOFR + 350 bps), 12/1/27 | $ 486,580 | ||||
185,650 | Pactiv Evergreen, Inc., Tranche B-2 U.S. Term Loan, 8.691% (Term SOFR + 325 bps), 2/5/26 | 186,196 | ||||
771,240 | Pregis TopCo LLC, First Lien Initial Term Loan, 9.076% (Term SOFR + 375 bps), 7/31/26 | 772,445 | ||||
684,709 | Trident TPI Holdings, Inc., Tranche B-3 Initial Term Loan, 9.61% (Term SOFR + 400 bps), 9/15/28 | 684,869 | ||||
Total Containers-Paper & Plastic | $2,130,090 | |||||
Cruise Lines — 0.9% | ||||||
1,159,175 | Carnival Corp., Initial Advance, 8.318% (Term SOFR + 300 bps), 8/9/27 | $ 1,161,204 | ||||
Total Cruise Lines | $1,161,204 | |||||
Diagnostic Equipment — 0.4% | ||||||
493,671 | Curia Global, Inc., First Lien 2021 Term Loan, 9.163% (Term SOFR + 375 bps), 8/30/26 | $ 466,431 | ||||
Total Diagnostic Equipment | $466,431 | |||||
7Pioneer Floating Rate Fund, Inc. | 2/29/24
Principal Amount USD ($) | Value | |||||
Dialysis Centers — 1.2% | ||||||
1,710,855 | U.S. Renal Care, Inc., Closing Date Term Loan, 10.441% (Term SOFR + 500 bps), 6/20/28 | $ 1,486,305 | ||||
Total Dialysis Centers | $1,486,305 | |||||
Direct Marketing — 0.4% | ||||||
498,744 | Red Ventures LLC (New Imagitas, Inc.), First Lien Term B-4 Loan, 8.326% (Term SOFR + 300 bps), 3/3/30 | $ 496,770 | ||||
Total Direct Marketing | $496,770 | |||||
Disposable Medical Products — 0.4% | ||||||
497,468 | Medline Borrower LP, Initial Dollar Term Loan, 8.441% (Term SOFR + 300 bps), 10/23/28 | $ 498,013 | ||||
Total Disposable Medical Products | $498,013 | |||||
Distribution & Wholesale — 1.8% | ||||||
497,500 | AIP RD Buyer Corp., 2023 First Lien Incremental Term Loan, 10.327% (Term SOFR + 500 bps), 12/22/28 | $ 498,899 | ||||
589,500 | AIP RD Buyer Corp., First Lien Term Loan B, 9.576% (Term SOFR + 425 bps), 12/22/28 | 590,605 | ||||
857,504 | Patriot Container Corp. (aka Wastequip), First Lien Closing Date Term Loan, 9.176% (Term SOFR + 375 bps), 3/20/25 | 833,565 | ||||
405,235 | Windsor Holdings III LLC, Dollar Term B Loan, 9.824% (Term SOFR + 450 bps), 8/1/30 | 406,445 | ||||
Total Distribution & Wholesale | $2,329,514 | |||||
E-Commerce — 0.8% | ||||||
486,250 | CNT Holdings I Corp., First Lien Initial Term Loan, 8.817% (Term SOFR + 350 bps), 11/8/27 | $ 486,630 | ||||
493,737 | TouchTunes Music Group LLC, First Lien Initial Term Loan, 10.348% (Term SOFR + 500 bps), 4/2/29 | 495,589 | ||||
Total E-Commerce | $982,219 | |||||
Electric-Generation — 2.2% | ||||||
838,513 | Compass Power Generation LLC, Tranche B-2 Term Loan, 9.69% (Term SOFR + 425 bps), 4/14/29 | $ 845,101 | ||||
966,654 | Eastern Power LLC (Eastern Covert Midco LLC), Term Loan, 9.191% (Term SOFR + 375 bps), 10/2/25 | 965,220 | ||||
215,243 | Generation Bridge Northeast LLC, Term Loan B, 9.576% (Term SOFR + 425 bps), 8/22/29 | 216,050 | ||||
770,744 | Hamilton Projects Acquiror LLC, Term Loan, 9.941% (Term SOFR + 450 bps), 6/17/27 | 772,761 | ||||
Total Electric-Generation | $2,799,132 | |||||
Pioneer Floating Rate Fund, Inc. | 2/29/248
Schedule of Investments | 2/29/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Electric-Integrated — 1.5% | ||||||
1,087,433 | Constellation Renewables LLC, Loan, 8.105% (Term SOFR + 250 bps), 12/15/27 | $ 1,084,715 | ||||
479,452 | Pike Corp., 2028 Initial Term Loan, 8.44% (Term SOFR + 300 bps), 1/21/28 | 480,890 | ||||
111,905 | Talen Energy Supply LLC, Initial Term C Loan, 9.826% (Term SOFR + 450 bps), 5/17/30 | 112,403 | ||||
261,780 | Talen Energy Supply LLC, Initial Term Loan B, 9.826% (Term SOFR + 450 bps), 5/17/30 | 262,945 | ||||
Total Electric-Integrated | $1,940,953 | |||||
Electronic Composition — 2.4% | ||||||
1,677,897 | Energy Acquisition LP, First Lien Initial Term Loan, 9.676% (Term SOFR + 425 bps), 6/26/25 | $ 1,675,800 | ||||
1,016,060 | Natel Engineering Co., Inc., Initial Term Loan, 11.686% (Term SOFR + 625 bps), 4/30/26 | 903,447 | ||||
498,724 | Synaptics, Inc., First Amendment Incremental Term Loan, 7.875% (Term SOFR + 225 bps), 12/2/28 | 498,828 | ||||
Total Electronic Composition | $3,078,075 | |||||
Engines — 1.5% | ||||||
250,000 | Arcline FM Holdings LLC, First Lien Initial Term Loan, 10.36% (Term SOFR + 475 bps), 6/23/28 | $ 250,469 | ||||
667,057 | Arcline FM Holdings LLC, Second Lien Initial Term Loan, 13.86% (Term SOFR + 825 bps), 6/25/29 | 653,716 | ||||
1,021,000 | LSF12 Badger Bidco LLC, Initial Term Loan, 11.326% (Term SOFR + 600 bps), 8/30/30 | 1,021,000 | ||||
Total Engines | $1,925,185 | |||||
Enterprise Software & Services — 1.6% | ||||||
500,000 | First Advantage Holdings LLC, First Lien Term B-1 Loan, 8.191% (Term SOFR + 275 bps), 1/31/27 | $ 501,485 | ||||
264,519 | Open Text Corp., 2023 Replacement Term Loan, 8.176% (Term SOFR + 275 bps), 1/31/30 | 265,014 | ||||
635,000 | Project Alpha Intermediate Holding, Inc., Initial Term Loan, 10.063% (Term SOFR + 475 bps), 10/28/30 | 637,646 | ||||
399,000 | Quartz Acquireco LLC, Term Loan, 8.826% (Term SOFR + 350 bps), 6/28/30 | 399,249 | ||||
210,767 | Skopima Consilio Parent LLC, First Lien Initial Term Loan, 9.441% (Term SOFR + 400 bps), 5/12/28 | 210,028 | ||||
Total Enterprise Software & Services | $2,013,422 | |||||
9Pioneer Floating Rate Fund, Inc. | 2/29/24
Principal Amount USD ($) | Value | |||||
Finance-Credit Card — 0.4% | ||||||
496,063 | Blackhawk Network Holdings, Inc., First Lien Term Loan, 8.076% (Term SOFR + 275 bps), 6/15/25 | $ 495,350 | ||||
Total Finance-Credit Card | $495,350 | |||||
Finance-Investment Banker — 0.5% | ||||||
691,619 | Hudson River Trading LLC, Term Loan, 8.441% (Term SOFR + 300 bps), 3/20/28 | $ 688,431 | ||||
Total Finance-Investment Banker | $688,431 | |||||
Finance-Leasing Company — 0.7% | ||||||
414,147 | Castlelake Aviation One Designated Activity Co., 2023 Incremental Term Loan, 8.135% (Term SOFR + 275 bps), 10/22/27 | $ 414,664 | ||||
483,432 | Fly Funding II S.a r.l., Replacement Loan, 7.33% (LIBOR + 175 bps), 8/11/25 | 467,246 | ||||
Total Finance-Leasing Company | $881,910 | |||||
Food-Confectionery — 0.3% | ||||||
400,000(d) | Fiesta Purchaser, Inc., Initial Term Loan, 2/12/31 | $ 400,031 | ||||
Total Food-Confectionery | $400,031 | |||||
Food-Dairy Products — 1.3% | ||||||
1,693,125 | Chobani LLC, 2020 New Term Loan, 8.941% (Term SOFR + 350 bps), 10/25/27 | $ 1,697,006 | ||||
Total Food-Dairy Products | $1,697,006 | |||||
Footwear & Related Apparel — 0.2% | ||||||
307,500 | Crocs, Inc., 2024 Refinancing Term Loan, 7.576% (Term SOFR + 225 bps), 2/20/29 | $ 308,389 | ||||
Total Footwear & Related Apparel | $308,389 | |||||
Gambling (Non-Hotel) — 0.5% | ||||||
165,205 | Flutter Entertainment Plc, Third Amendment 2028-B Term Loan, 8.863% (Term SOFR + 325 bps), 7/22/28 | $ 165,747 | ||||
493,734 | Light and Wonder International, Inc., Term B-1 Loan, 8.07% (Term SOFR + 275 bps), 4/14/29 | 494,505 | ||||
Total Gambling (Non-Hotel) | $660,252 | |||||
Gas-Distribution — 0.7% | ||||||
925,000(d) | NGL Energy Operating LLC, Initial Term Loan, 2/3/31 | $ 927,891 | ||||
Total Gas-Distribution | $927,891 | |||||
Pioneer Floating Rate Fund, Inc. | 2/29/2410
Schedule of Investments | 2/29/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Golf — 0.5% | ||||||
694,750 | Topgolf Callaway Brands Corp , Intial Term Loan, 8.926% (Term SOFR + 350 bps), 3/15/30 | $ 695,872 | ||||
Total Golf | $695,872 | |||||
Hazardous Waste Disposal — 0.6% | ||||||
720,000 | JFL-Tiger Acquisition Co., Inc., Initial Term Loan, 10.317% (Term SOFR + 500 bps), 10/17/30 | $ 723,938 | ||||
Total Hazardous Waste Disposal | $723,938 | |||||
Hotels & Motels — 1.1% | ||||||
926,654(d) | Playa Resorts Holding B.V., 2022 Term Loan, 1/5/29 | $ 928,391 | ||||
496,250 | Travel + Leisure Co., 2023 Incremental Term Loan, 8.67% (Term SOFR + 325 bps), 12/14/29 | 497,336 | ||||
Total Hotels & Motels | $1,425,727 | |||||
Human Resources — 0.7% | ||||||
972,500 | Ingenovis Health, Inc., First Lien Initial Term Loan, 9.191% (Term SOFR + 375 bps), 3/6/28 | $ 880,112 | ||||
Total Human Resources | $880,112 | |||||
Independent Power Producer — 0.4% | ||||||
485,401 | EFS Cogen Holdings I LLC, Term B Advance, 9.11% (Term SOFR + 350 bps), 10/1/27 | $ 485,704 | ||||
Total Independent Power Producer | $485,704 | |||||
Insurance Brokers — 0.8% | ||||||
637,500 | HIG Finance 2 Ltd., 2024 Dollar Term Loan, 8.818% (Term SOFR + 350 bps), 2/15/31 | $ 635,109 | ||||
379,050 | USI, Inc., 2023 Second Funding New Term Loan, 8.598% (Term SOFR + 325 bps), 9/27/30 | 379,524 | ||||
Total Insurance Brokers | $1,014,633 | |||||
Internet Content — 0.7% | ||||||
871,435 | MH Sub I LLC (Micro Holding Corp.), 2023 May Incremental First Lien Term Loan, 9.576% (Term SOFR + 425 bps), 5/3/28 | $ 858,809 | ||||
Total Internet Content | $858,809 | |||||
Investment Management & Advisory Services — 1.4% | ||||||
246,859 | Allspring Buyer LLC, Initial Term Loan, 8.887% (Term SOFR + 325 bps), 11/1/28 | $ 246,767 |
11Pioneer Floating Rate Fund, Inc. | 2/29/24
Principal Amount USD ($) | Value | |||||
Investment Management & Advisory Services — (continued) | ||||||
586,485 | Edelman Financial Engines Center LLC, First Lien 2021 Initial Term Loan, 8.941% (Term SOFR + 350 bps), 4/7/28 | $ 585,385 | ||||
992,179 | Russell Investments US Institutional Holdco, Inc., 2025 Term Loan, 8.926% (Term SOFR + 350 bps), 5/30/25 | 962,828 | ||||
Total Investment Management & Advisory Services | $1,794,980 | |||||
Lottery Services — 0.6% | ||||||
790,000 | Scientific Games Holdings LP, First Lien Initial Dollar Term Loan, 8.58% (Term SOFR + 325 bps), 4/4/29 | $ 789,210 | ||||
Total Lottery Services | $789,210 | |||||
Medical Diagnostic Imaging — 0.8% | ||||||
1,077,487 | US Radiology Specialists, Inc. (US Outpatient Imaging Services, Inc.), Closing Date Term Loan, 10.748% (Term SOFR + 525 bps), 12/15/27 | $ 1,079,058 | ||||
Total Medical Diagnostic Imaging | $1,079,058 | |||||
Medical Information Systems — 3.0% | ||||||
790,303 | athenahealth Group, Inc., Initial Term Loan, 8.576% (Term SOFR + 325 bps), 2/15/29 | $ 785,487 | ||||
735,642 | Azalea TopCo, Inc., First Lien 2021 Term Loan, 9.191% (Term SOFR + 375 bps), 7/24/26 | 732,538 | ||||
937,484 | Gainwell Acquisition Corp., First Lien Term B Loan, 9.448% (Term SOFR + 400 bps), 10/1/27 | 919,515 | ||||
975,000 | One Call Corp., First Lien Term B Loan, 11.086% (Term SOFR + 550 bps), 4/22/27 | 909,187 | ||||
475,000 | Waystar Technologies, Inc., First Lien 2024 Initial Term Loan, 9.326% (Term SOFR + 400 bps), 10/22/29 | 476,336 | ||||
Total Medical Information Systems | $3,823,063 | |||||
Medical Labs & Testing Services — 3.5% | ||||||
371,250 | Charlotte Buyer, Inc., First Lien Initial Term Loan B, 10.568% (Term SOFR + 525 bps), 2/11/28 | $ 372,735 | ||||
984,854 | eResearchTechnology, Inc., First Lien Initial Term Loan, 9.941% (Term SOFR + 450 bps), 2/4/27 | 986,577 | ||||
1,440,450 | FC Compassus LLC, Term B-1 Loan, 9.691% (Term SOFR + 425 bps), 12/31/26 | 1,397,837 | ||||
993,612 | Phoenix Guarantor Inc., First Lien Tranche B-4 Term Loan, 8.576% (Term SOFR + 325 bps), 2/21/31 | 983,277 |
Pioneer Floating Rate Fund, Inc. | 2/29/2412
Schedule of Investments | 2/29/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Medical Labs & Testing Services — (continued) | ||||||
487,500 | Sound Inpatient Physicians, Inc., First Lien 2021 Incremental Term Loan, 8.314% (Term SOFR + 300 bps), 6/27/25 | $ 216,938 | ||||
498,724 | U.S. Anesthesia Partners, Inc., First Lien Initial Term Loan, 9.693% (Term SOFR + 425 bps), 10/1/28 | 480,735 | ||||
Total Medical Labs & Testing Services | $4,438,099 | |||||
Medical-Biomedical & Generation — 0.8% | ||||||
976,040 | ANI Pharmaceuticals, Inc., Initial Term Loan, 11.441% (Term SOFR + 600 bps), 11/19/27 | $ 978,480 | ||||
Total Medical-Biomedical & Generation | $978,480 | |||||
Medical-Drugs — 2.0% | ||||||
1,477,992(c) | Endo Luxembourg Finance Company I S.a r.l., 2021 Term Loan, 14.50% (LIBOR + 400 bps), 3/27/28 | $ 960,695 | ||||
530,000 | Financiere Mendel, Facility B, 9.564% (Term SOFR + 425 bps), 11/12/30 | 531,822 | ||||
439,113 | Jazz Pharmaceuticals Public Ltd. Co., Additional Tranche B-1 Dollar Term Loan, 8.441% (Term SOFR + 300 bps), 5/5/28 | 440,176 | ||||
705,882 | Padagis LLC, Term B Loan, 10.341% (Term SOFR + 475 bps), 7/6/28 | 680,294 | ||||
Total Medical-Drugs | $2,612,987 | |||||
Medical-Generic Drugs — 1.1% | ||||||
925,000(d) | Amneal Pharmaceuticals LLC, Initial Term Loan, 5/4/28 | $ 923,410 | ||||
500,000 | Perrigo Company Plc, Initial Term B Loan, 7.676% (Term SOFR + 225 bps), 4/20/29 | 498,750 | ||||
Total Medical-Generic Drugs | $1,422,160 | |||||
Medical-Hospitals — 1.0% | ||||||
979,990 | Knight Health Holdings LLC, Term B Loan, 10.691% (Term SOFR + 525 bps), 12/23/28 | $ 399,346 | ||||
1,422,375 | Quorum Health Corp., Exit Term Loan, 13.675% (Term SOFR + 825 bps), 4/29/25 | 888,984 | ||||
Total Medical-Hospitals | $1,288,330 | |||||
Medical-Outpatient & Home Medicine — 0.2% | ||||||
371,250 | EyeCare Partners LLC, First Lien Amendment No. 2 Term Loan, 9.913% (Term SOFR + 450 bps), 11/15/28 | $ 197,691 | ||||
Total Medical-Outpatient & Home Medicine | $197,691 | |||||
13Pioneer Floating Rate Fund, Inc. | 2/29/24
Principal Amount USD ($) | Value | |||||
Medical-Wholesale Drug Distribution — 0.3% | ||||||
446,625 | CVET Midco 2 LP, First Lien Initial Term Loan, 10.348% (Term SOFR + 500 bps), 10/13/29 | $ 446,800 | ||||
Total Medical-Wholesale Drug Distribution | $446,800 | |||||
Metal Processors & Fabrication — 1.9% | ||||||
986,206 | Grinding Media, Inc. (Molycop, Ltd.), First Lien Initial Term Loan, 9.591% (Term SOFR + 400 bps), 10/12/28 | $ 981,274 | ||||
731,250 | Tiger Acquisition LLC, First Lien Initial Term Loan, 8.676% (Term SOFR + 325 bps), 6/1/28 | 723,938 | ||||
729,697 | WireCo WorldGroup, Inc., 2023 Refinancing Term Loan, 9.068% (Term SOFR + 375 bps), 11/13/28 | 731,521 | ||||
Total Metal Processors & Fabrication | $2,436,733 | |||||
Metal-Aluminum — 0.7% | ||||||
941,640 | Arsenal AIC Parent LLC, 2024 Term B Loan, 9.07% (Term SOFR + 375 bps), 8/18/30 | $ 944,288 | ||||
Total Metal-Aluminum | $944,288 | |||||
Mining Services — 0.1% | ||||||
172,872 | Flame NewCo LLC, First Lien New Money Exit Term Loan, 7.426% (Term SOFR + 200 bps), 6/30/28 | $ 164,012 | ||||
Total Mining Services | $164,012 | |||||
Office Automation & Equipment — 0.7% | ||||||
875,250 | Pitney Bowes, Inc., Refinancing Tranche B Term Loan, 9.441% (Term SOFR + 400 bps), 3/17/28 | $ 873,062 | ||||
Total Office Automation & Equipment | $873,062 | |||||
Pastoral & Agricultural — 0.5% | ||||||
637,000 | Alltech, Inc., Term B Loan, 9.441% (Term SOFR + 400 bps), 10/13/28 | $ 633,815 | ||||
Total Pastoral & Agricultural | $633,815 | |||||
Pharmacy Services — 0.3% | ||||||
343,000 | Option Care Health, Inc., First Lien 2021 Refinancing Term Loan, 8.191% (Term SOFR + 275 bps), 10/27/28 | $ 344,158 | ||||
Total Pharmacy Services | $344,158 | |||||
Physical Practice Management — 1.3% | ||||||
1,913,779 | Team Health Holdings, Inc., Extended Term Loan, 10.563% (Term SOFR + 525 bps), 3/2/27 | $ 1,682,930 | ||||
Total Physical Practice Management | $1,682,930 | |||||
Pioneer Floating Rate Fund, Inc. | 2/29/2414
Schedule of Investments | 2/29/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Physical Therapy & Rehabilitation Centers — 2.3% | ||||||
917,000 | Summit Behavioral Healthcare LLC, First Lien Initial Term Loan, 10.355% (Term SOFR + 475 bps), 11/24/28 | $ 917,430 | ||||
2,168,211 | Upstream Newco, Inc., First Lien August 2021 Incremental Term Loan, 9.824% (Term SOFR + 425 bps), 11/20/26 | 2,046,792 | ||||
Total Physical Therapy & Rehabilitation Centers | $2,964,222 | |||||
Pipelines — 3.2% | ||||||
564,000 | Brazos Delaware II LLC, Initial Term Loan, 9.07% (Term SOFR + 375 bps), 2/11/30 | $ 564,411 | ||||
649,954(d) | Buckeye Partners LP, 2023 Tranche B-2 Term Loan, 11/22/30 | 651,357 | ||||
684,806 | GIP III Stetson I LP (GIP III Stetson II LP), 2023 Initial Term Loan, 9.676% (Term SOFR + 425 bps), 10/31/28 | 688,230 | ||||
210,000 | GIP Pilot Acquisition Partners LP, Initial Term Loan, 8.327% (Term SOFR + 300 bps), 10/4/30 | 210,350 | ||||
469,810 | M6 ETX Holdings II MidCo LLC, Initial Term Loan, 9.926% (Term SOFR + 450 bps), 9/19/29 | 470,471 | ||||
498,747 | NorthRiver Midstream Finance LP, First Lien Initial Term Loan B, 8.33% (Term SOFR + 300 bps), 8/16/30 | 499,464 | ||||
1,002,477 | Traverse Midstream Partners LLC, Advance, 8.818% (Term SOFR + 350 bps), 2/16/28 | 1,004,357 | ||||
Total Pipelines | $4,088,640 | |||||
Professional Sports — 0.4% | ||||||
500,000 | Formula One Management Ltd., First Lien Facility B Loan, 7.598% (Term SOFR + 225 bps), 1/15/30 | $ 500,375 | ||||
Total Professional Sports | $500,375 | |||||
Property & Casualty Insurance — 2.7% | ||||||
222,187 | Asurion LLC, New B-10 Term Loan, 9.426% (Term SOFR + 400 bps), 8/19/28 | $ 220,891 | ||||
245,554 | Asurion LLC, New B-11 Term Loan, 9.676% (Term SOFR + 425 bps), 8/19/28 | 244,572 | ||||
486,250 | Asurion LLC, New B-9 Term Loan, 8.691% (Term SOFR + 325 bps), 7/31/27 | 479,651 | ||||
1,250,000 | Asurion LLC, Second Lien New B-4 Term Loan, 10.691% (Term SOFR + 525 bps), 1/20/29 | 1,182,324 | ||||
1,355,206 | Sedgwick Claims Management Services, Inc. (Lightning Cayman Merger Sub, Ltd.), 2023 Term Loan, 9.076% (Term SOFR + 375 bps), 2/24/28 | 1,358,510 | ||||
Total Property & Casualty Insurance | $3,485,948 | |||||
15Pioneer Floating Rate Fund, Inc. | 2/29/24
Principal Amount USD ($) | Value | |||||
Protection-Safety — 1.7% | ||||||
1,466,250 | APX Group, Inc., Initial Term Loan, 8.686% (Term SOFR + 325 bps), 7/10/28 | $ 1,468,898 | ||||
660,000(d) | Prime Security Services Borrower LLC, First Lien 2023 Refinancing Term B-1 Loan, 10/13/30 | 660,619 | ||||
Total Protection-Safety | $2,129,517 | |||||
Publishing — 2.0% | ||||||
837,062 | Cengage Learning, Inc., First Lien Term B Loan, 10.326% (Term SOFR + 475 bps), 7/14/26 | $ 838,021 | ||||
790,000 | Houghton Mifflin Harcourt Co., First Lien Term B Loan, 10.676% (Term SOFR + 525 bps), 4/9/29 | 778,644 | ||||
981,221 | McGraw-Hill Education, Inc., Initial Term Loan, 10.191% (Term SOFR + 475 bps), 7/28/28 | 978,768 | ||||
Total Publishing | $2,595,433 | |||||
Publishing-Periodicals — 0.3% | ||||||
368,437 | MJH Healthcare Holdings LLC, Initial Term B Loan, 8.926% (Term SOFR + 350 bps), 1/28/29 | $ 367,516 | ||||
Total Publishing-Periodicals | $367,516 | |||||
Recreational Centers — 0.7% | ||||||
950,000 | Fitness International LLC, Term B Loan, 10.576% (Term SOFR + 525 bps), 2/12/29 | $ 925,062 | ||||
Total Recreational Centers | $925,062 | |||||
Recycling — 0.6% | ||||||
829,485 | LTR Intermediate Holdings, Inc., Initial Term Loan, 9.941% (Term SOFR + 450 bps), 5/5/28 | $ 776,398 | ||||
Total Recycling | $776,398 | |||||
REITS-Storage — 0.1% | ||||||
190,000 | Iron Mountain Information Management LLC, Amendment No.1 Incremental Term B Loan, 7.576% (Term SOFR + 225 bps), 1/31/31 | $ 189,881 | ||||
Total REITS-Storage | $189,881 | |||||
Retail — 5.9% | ||||||
533,593 | Great Outdoors Group LLC, Term B-2 Loan, 9.191% (Term SOFR + 375 bps), 3/6/28 | $ 534,498 | ||||
975,227 | Harbor Freight Tools USA, Inc., 2021 Initial Term Loan, 8.191% (Term SOFR + 275 bps), 10/19/27 | 969,631 | ||||
1,004,917 | Highline Aftermarket Acquisition LLC, First Lien Initial Term Loan, 9.926% (Term SOFR + 450 bps), 11/9/27 | 1,006,173 | ||||
1,023,750 | Michaels Cos, Inc., Term Loan B, 9.86% (Term SOFR + 425 bps), 4/15/28 | 843,633 |
Pioneer Floating Rate Fund, Inc. | 2/29/2416
Schedule of Investments | 2/29/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Retail — (continued) | ||||||
969,191 | Petco Health & Wellness Co., Inc., First Lien Initial Term Loan, 8.86% (Term SOFR + 325 bps), 3/3/28 | $ 928,606 | ||||
1,023,750 | PetSmart LLC, Initial Term Loan, 9.176% (Term SOFR + 375 bps), 2/11/28 | 1,021,703 | ||||
1,228,215 | RVR Dealership Holdings LLC, Term Loan, 9.171% (Term SOFR + 375 bps), 2/8/28 | 1,151,452 | ||||
443,750 | Torrid LLC, Closing Date Term Loan, 11.112% (Term SOFR + 550 bps), 6/14/28 | 379,406 | ||||
738,694 | White Cap Supply Holdings LLC, Initial Closing Date Term Loan, 9.076% (Term SOFR + 375 bps), 10/19/27 | 740,463 | ||||
Total Retail | $7,575,565 | |||||
Retail-Catalog Shopping — 0.3% | ||||||
491,652 | Medical Solutions Holdings, Inc., First Lien Initial Term Loan, 8.676% (Term SOFR + 325 bps), 11/1/28 | $ 424,664 | ||||
Total Retail-Catalog Shopping | $424,664 | |||||
Retail-Misc/Diversified — 0.3% | ||||||
400,000 | Peer Holding III B.V., Facility B4, 8.598% (Term SOFR + 325 bps), 10/28/30 | $ 401,625 | ||||
Total Retail-Misc/Diversified | $401,625 | |||||
Rubber & Plastic Products — 0.8% | ||||||
1,034,805 | Gates Global LLC, Initial B-3 Dollar Term Loan, 7.926% (Term SOFR + 250 bps), 3/31/27 | $ 1,035,776 | ||||
Total Rubber & Plastic Products | $1,035,776 | |||||
Schools — 0.3% | ||||||
424,782 | Fugue Finance LLC, Existing Term Loan, 9.343% (Term SOFR + 400 bps), 1/31/28 | $ 426,021 | ||||
Total Schools | $426,021 | |||||
Security Services — 2.2% | ||||||
498,750 | Allied Universal Holdco LLC (f/k/a USAGM Holdco LLC), Amendment No. 3 Term Loan, 10.077% (Term SOFR + 475 bps), 5/12/28 | $ 499,945 | ||||
346,456 | Allied Universal Holdco LLC (f/k/a USAGM Holdco LLC), Initial U.S. Dollar Term Loan, 9.176% (Term SOFR + 375 bps), 5/12/28 | 345,337 | ||||
1,964,719 | Garda World Security Corp., Fourth Additional Term Loan, 9.625% (Term SOFR + 425 bps), 2/1/29 | 1,967,877 | ||||
Total Security Services | $2,813,159 | |||||
17Pioneer Floating Rate Fund, Inc. | 2/29/24
Principal Amount USD ($) | Value | |||||
Semiconductor Equipment — 0.9% | ||||||
1,104,246 | Ultra Clean Holdings, Inc., Second Amendment Term B Loan, 9.191% (Term SOFR + 375 bps), 8/27/25 | $ 1,108,249 | ||||
Total Semiconductor Equipment | $1,108,249 | |||||
Telecom Services — 0.8% | ||||||
1,014,004 | Windstream Services LLC, Initial Term Loan, 11.676% (Term SOFR + 625 bps), 9/21/27 | $ 985,865 | ||||
Total Telecom Services | $985,865 | |||||
Telephone-Integrated — 0.8% | ||||||
1,000,000 | Level 3 Financing, Inc., Tranche B 2027 Term Loan, 7.191% (Term SOFR + 175 bps), 3/1/27 | $ 989,062 | ||||
Total Telephone-Integrated | $989,062 | |||||
Television — 0.4% | ||||||
475,000 | Gray Television, Inc., Term E Loan, 7.943% (Term SOFR + 250 bps), 1/2/26 | $ 471,395 | ||||
Total Television | $471,395 | |||||
Textile-Home Furnishings — 0.3% | ||||||
491,250 | Runner Buyer, Inc., Initial Term Loan, 10.958% (Term SOFR + 550 bps), 10/20/28 | $ 384,403 | ||||
Total Textile-Home Furnishings | $384,403 | |||||
Theaters — 0.8% | ||||||
595,500 | Cinemark USA, Inc., Term Loan, 9.098% (Term SOFR + 375 bps), 5/24/30 | $ 597,237 | ||||
446,625 | Cirque du Soleil Canada Inc., Initial Term Loan, 9.598% (Term SOFR + 425 bps), 3/8/30 | 446,811 | ||||
Total Theaters | $1,044,048 | |||||
Transportation - Trucks — 0.4% | ||||||
488,750 | Carriage Purchaser, Inc., Term B Loan, 9.691% (Term SOFR + 425 bps), 10/2/28 | $ 488,933 | ||||
Total Transportation - Trucks | $488,933 | |||||
Transportation Services — 2.0% | ||||||
1,173,000 | AIT Worldwide Logistics Holdings, Inc., First Lien Initial Term Loan, 10.168% (Term SOFR + 475 bps), 4/6/28 | $ 1,172,634 | ||||
370,229 | First Student Bidco Inc., 2022 Incremental Term B Loan, 9.448% (Term SOFR + 400 bps), 7/21/28 | 369,932 | ||||
536,520 | First Student Bidco, Inc., Initial Term B Loan, 8.61% (Term SOFR + 300 bps), 7/21/28 | 533,071 |
Pioneer Floating Rate Fund, Inc. | 2/29/2418
Schedule of Investments | 2/29/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Transportation Services — (continued) | ||||||
162,725 | First Student Bidco, Inc., Initial Term C Loan, 8.61% (Term SOFR + 300 bps), 7/21/28 | $ 161,678 | ||||
342,125 | LaserShip, Inc., First Lien Initial Term Loan, 10.396% (Term SOFR + 450 bps), 5/7/28 | 320,849 | ||||
Total Transportation Services | $2,558,164 | |||||
Veterinary Diagnostics — 0.5% | ||||||
705,087 | Southern Veterinary Partners LLC, First Lien Initial Term Loan, 9.441% (Term SOFR + 400 bps), 10/5/27 | $ 704,977 | ||||
Total Veterinary Diagnostics | $704,977 | |||||
Total Senior Secured Floating Rate Loan Interests (Cost $159,051,767) | $154,991,465 | |||||
Shares | ||||||
Common Stocks — 0.5% of Net Assets | ||||||
Construction & Engineering — 0.1% | ||||||
9,729(e) | LB New Holdco | $ 121,613 | ||||
Total Construction & Engineering | $121,613 | |||||
Metals & Mining — 0.0%† | ||||||
2,625(e) | Flame Co. | $ 13,125 | ||||
Total Metals & Mining | $13,125 | |||||
Passenger Airlines — 0.4% | ||||||
40,684(e) | Grupo Aeromexico SAB de CV | $ 538,260 | ||||
Total Passenger Airlines | $538,260 | |||||
Total Common Stocks (Cost $621,279) | $672,998 | |||||
Principal Amount USD ($) | ||||||
Asset Backed Securities — 3.0% of Net Assets | ||||||
1,000,000(a) | 522 Funding CLO, Ltd., Series 2019-4A, Class E, 12.579% (3 Month Term SOFR + 726 bps), 4/20/30 (144A) | $ 949,606 | ||||
1,000,000(a) | Goldentree Loan Management US CLO 2, Ltd., Series 2017-2A, Class E, 10.279% (3 Month Term SOFR + 496 bps), 11/28/30 (144A) | 993,072 |
19Pioneer Floating Rate Fund, Inc. | 2/29/24
Principal Amount USD ($) | Value | |||||
Asset Backed Securities — (continued) | ||||||
1,000,000 | JPMorgan Chase Bank NA - CACLN, Series 2021-3, Class G, 9.812%, 2/26/29 (144A) | $ 985,425 | ||||
1,000,000(a) | Octagon Investment Partners XXI, Ltd., Series 2014-1A, Class DRR, 12.568% (3 Month Term SOFR + 726 bps), 2/14/31 (144A) | 956,280 | ||||
Total Asset Backed Securities (Cost $3,970,505) | $3,884,383 | |||||
Collateralized Mortgage Obligations—2.7% of Net Assets | ||||||
370,000(a) | Connecticut Avenue Securities Trust, Series 2021-R01, Class 1B2, 11.322% (SOFR30A + 600 bps), 10/25/41 (144A) | $ 384,980 | ||||
750,000(a) | Freddie Mac STACR REMIC Trust, Series 2021-DNA5, Class B2, 10.822% (SOFR30A + 550 bps), 1/25/34 (144A) | 807,188 | ||||
230,000(a) | Freddie Mac STACR REMIC Trust, Series 2021-DNA7, Class B2, 13.122% (SOFR30A + 780 bps), 11/25/41 (144A) | 246,723 | ||||
490,000(a) | Freddie Mac STACR REMIC Trust, Series 2021-HQA3, Class B2, 11.572% (SOFR30A + 625 bps), 9/25/41 (144A) | 501,864 | ||||
250,000(a) | Freddie Mac STACR REMIC Trust, Series 2022-DNA1, Class B2, 12.422% (SOFR30A + 710 bps), 1/25/42 (144A) | 263,738 | ||||
320,000(a) | Freddie Mac STACR REMIC Trust, Series 2022-DNA2, Class B2, 13.822% (SOFR30A + 850 bps), 2/25/42 (144A) | 349,546 | ||||
710,000(a) | STACR Trust, Series 2018-HRP2, Class B2, 15.936% (SOFR30A + 1,061 bps), 2/25/47 (144A) | 869,142 | ||||
Total Collateralized Mortgage Obligations (Cost $3,203,036) | $3,423,181 | |||||
Commercial Mortgage-Backed Securities—1.1% of Net Assets | ||||||
522,757(a) | BX Trust, Series 2022-PSB, Class F, 12.651% (1 Month Term SOFR + 733 bps), 8/15/39 (144A) | $ 528,980 | ||||
37,119(a) | FREMF Mortgage Trust, Series 2020-KF74, Class C, 11.696% (SOFR30A + 636 bps), 1/25/27 (144A) | 33,475 | ||||
1,000,000 | Wells Fargo Commercial Mortgage Trust, Series 2015-C28, Class E, 3.00%, 5/15/48 (144A) | 758,335 | ||||
Total Commercial Mortgage-Backed Securities (Cost $1,356,592) | $1,320,790 | |||||
Pioneer Floating Rate Fund, Inc. | 2/29/2420
Schedule of Investments | 2/29/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Corporate Bonds — 9.1% of Net Assets | ||||||
Airlines — 1.6% | ||||||
940,000 | Grupo Aeromexico SAB de CV, 8.50%, 3/17/27 (144A) | $ 916,500 | ||||
1,500,000 | VistaJet Malta Finance Plc/Vista Management Holding, Inc., 6.375%, 2/1/30 (144A) | 1,095,000 | ||||
Total Airlines | $2,011,500 | |||||
Banks — 0.9% | ||||||
1,000,000(f)(g) | Citigroup, Inc., 4.70% (SOFR + 323 bps) | $ 960,664 | ||||
255,000(f)(g) | ING Groep NV, 4.25% (5 Year CMT Index + 286 bps) | 184,929 | ||||
Total Banks | $1,145,593 | |||||
Chemicals — 0.4% | ||||||
250,000 | Element Solutions, Inc., 3.875%, 9/1/28 (144A) | $ 226,581 | ||||
300,000 | SCIL IV LLC/SCIL USA Holdings LLC, 5.375%, 11/1/26 (144A) | 290,673 | ||||
Total Chemicals | $517,254 | |||||
Commercial Services — 0.3% | ||||||
500,000 | Garda World Security Corp., 6.00%, 6/1/29 (144A) | $ 437,589 | ||||
Total Commercial Services | $437,589 | |||||
Distribution/Wholesale — 0.1% | ||||||
110,000 | Ritchie Bros Holdings, Inc., 6.75%, 3/15/28 (144A) | $ 112,579 | ||||
Total Distribution/Wholesale | $112,579 | |||||
Electric — 0.2% | ||||||
300,000 | Vistra Operations Co. LLC, 4.375%, 5/1/29 (144A) | $ 273,647 | ||||
Total Electric | $273,647 | |||||
Iron & Steel — 0.3% | ||||||
500,000 | Metinvest BV, 7.75%, 10/17/29 (144A) | $ 350,390 | ||||
Total Iron & Steel | $350,390 | |||||
Lodging — 0.4% | ||||||
500,000 | Station Casinos LLC, 4.50%, 2/15/28 (144A) | $ 466,208 | ||||
Total Lodging | $466,208 | |||||
Media — 1.3% | ||||||
300,000 | Charter Communications Operating LLC/Charter Communications Operating Capital, 2.25%, 1/15/29 | $ 253,144 | ||||
200,000 | CSC Holdings LLC, 11.75%, 1/31/29 (144A) | 209,064 | ||||
510,000 | McGraw-Hill Education, Inc., 8.00%, 8/1/29 (144A) | 465,375 | ||||
1,000,000 | Sinclair Television Group, Inc., 5.50%, 3/1/30 (144A) | 725,560 | ||||
Total Media | $1,653,143 | |||||
21Pioneer Floating Rate Fund, Inc. | 2/29/24
Principal Amount USD ($) | Value | |||||
Mining — 1.0% | ||||||
500,000 | Coeur Mining, Inc., 5.125%, 2/15/29 (144A) | $ 460,385 | ||||
925,000 | First Quantum Minerals, Ltd., 8.625%, 6/1/31 (144A) | 883,390 | ||||
Total Mining | $1,343,775 | |||||
Oil & Gas — 1.4% | ||||||
300,000 | Civitas Resources, Inc., 8.375%, 7/1/28 (144A) | $ 313,927 | ||||
1,500,000 | MEG Energy Corp., 7.125%, 2/1/27 (144A) | 1,523,301 | ||||
Total Oil & Gas | $1,837,228 | |||||
Pipelines — 0.2% | ||||||
300,000 | Venture Global Calcasieu Pass LLC, 3.875%, 8/15/29 (144A) | $ 269,253 | ||||
Total Pipelines | $269,253 | |||||
REITs — 0.4% | ||||||
500,000 | Uniti Group LP/Uniti Group Finance, Inc./CSL Capital LLC, 10.50%, 2/15/28 (144A) | $ 517,549 | ||||
Total REITs | $517,549 | |||||
Telecommunications — 0.6% | ||||||
275,000 | Level 3 Financing, Inc., 10.50%, 5/15/30 (144A) | $ 281,875 | ||||
500,000 | Windstream Escrow LLC/Windstream Escrow Finance Corp., 7.75%, 8/15/28 (144A) | 466,812 | ||||
Total Telecommunications | $748,687 | |||||
Total Corporate Bonds (Cost $12,265,602) | $11,684,395 | |||||
Shares | ||||||
Preferred Stock — 0.0%† of Net Assets | ||||||
Capital Markets — 0.0%† | ||||||
511 | B Riley Financial, Inc., 6.75%, 5/31/24 | $ 12,862 | ||||
Total Capital Markets | $12,862 | |||||
Total Preferred Stock (Cost $12,552) | $12,862 | |||||
Pioneer Floating Rate Fund, Inc. | 2/29/2422
Schedule of Investments | 2/29/24
(unaudited) (continued)
Principal Amount USD ($) | Value | |||||
Insurance-Linked Securities — 1.4% of Net Assets# | ||||||
Event Linked Bonds — 1.3% | ||||||
Multiperil – U.S. — 0.5% | ||||||
250,000(a) | Matterhorn Re, 10.604%, (SOFR + 525 bps), 3/24/25 (144A) | $ 249,450 | ||||
250,000(a) | Residential Re, 10.648%, (3 Month U.S. Treasury Bill + 528 bps), 12/6/25 (144A) | 236,775 | ||||
250,000(a) | Sanders Re III, 8.978%, (3 Month U.S. Treasury Bill + 361 bps), 4/7/26 (144A) | 240,850 | ||||
$727,075 | ||||||
Windstorm – Florida — 0.2% | ||||||
250,000(a) | Everglades Re II, Ltd., 11.973%, (1 Month U.S. Treasury Bill + 661 bps), 5/14/24 (144A) | $ 252,375 | ||||
Windstorm – North Carolina — 0.2% | ||||||
250,000(a) | Cape Lookout Re, 10.715%, (3 Month U.S. Treasury Bill + 535 bps), 3/28/25 (144A) | $ 248,325 | ||||
Windstorm – Texas — 0.2% | ||||||
250,000(a) | Alamo Re, 12.548%, (3 Month U.S. Treasury Bill + 718 bps), 6/7/24 (144A) | $ 252,375 | ||||
Windstorm – U.S. Regional — 0.2% | ||||||
250,000(a) | Commonwealth Re, 8.908%, (3 Month U.S. Treasury Bill + 354 bps), 7/8/25 (144A) | $ 252,425 | ||||
Total Event Linked Bonds | $1,732,575 | |||||
Face Amount USD ($) | ||||||
Collateralized Reinsurance — 0.0%† | ||||||
Windstorm – Florida — 0.0%† | ||||||
250,000(e)(h)+ | Formby Re 2018, 2/28/25 | $ — | ||||
Total Collateralized Reinsurance | $0 | |||||
Reinsurance Sidecars — 0.1% | ||||||
Multiperil – U.S. — 0.0%† | ||||||
250,000(e)(i)+ | Harambee Re 2018, 12/31/24 | $ — | ||||
250,000(i)+ | Harambee Re 2019, 12/31/24 | 425 | ||||
$425 | ||||||
Multiperil – Worldwide — 0.1% | ||||||
12,278(e)(i)+ | Alturas Re 2022-2, 12/31/27 | $ 2,158 | ||||
199,590(e)(i)+ | Lorenz Re 2019, 6/30/24 | 1,856 |
23Pioneer Floating Rate Fund, Inc. | 2/29/24
Face Amount USD ($) | Value | |||||
Multiperil – Worldwide — (continued) | ||||||
300,000(h)+ | Merion Re 2018-2, 12/31/24 | $ 14,995 | ||||
10,000(h)+ | Sector Re V, 12/1/24 (144A) | 18,362 | ||||
244,914(e)(h)+ | Woburn Re 2019, 12/31/24 | 41,004 | ||||
$78,375 | ||||||
Total Reinsurance Sidecars | $78,800 | |||||
Total Insurance-Linked Securities (Cost $1,826,944) | $1,811,375 | |||||
Principal Amount USD ($) | ||||||
U.S. Government and Agency Obligations — 3.9% of Net Assets | ||||||
5,000,000(j) | U.S. Treasury Bills, 3/12/24 | $ 4,991,935 | ||||
Total U.S. Government and Agency Obligations (Cost $4,991,937) | $4,991,935 | |||||
Shares | ||||||
SHORT TERM INVESTMENTS — 4.4% of Net Assets | ||||||
Open-End Fund — 4.4% | ||||||
5,637,685(k) | Dreyfus Government Cash Management, Institutional Shares, 5.21% | $ 5,637,685 | ||||
$5,637,685 | ||||||
TOTAL SHORT TERM INVESTMENTS (Cost $5,637,685) | $5,637,685 | |||||
TOTAL INVESTMENTS IN UNAFFILIATED ISSUERS — 146.9% (Cost $192,937,899) | $188,431,069 | |||||
OTHER ASSETS AND LIABILITIES — (46.9)% | $(60,119,343) | |||||
net assets — 100.0% | $128,311,726 | |||||
bps | Basis Points. |
CMT | Constant Maturity Treasury Index. |
FREMF | Freddie Mac Multifamily Fixed-Rate Mortgage Loans. |
LIBOR | London Interbank Offered Rate. |
Pioneer Floating Rate Fund, Inc. | 2/29/2424
Schedule of Investments | 2/29/24
(unaudited) (continued)
REIT | Real Estate Investment Trust. |
SOFR | Secured Overnight Financing Rate. |
SOFR30A | Secured Overnight Financing Rate 30 Day Average. |
(144A) | The resale of such security is exempt from registration under Rule 144A of the Securities Act of 1933. Such securities may be resold normally to qualified institutional buyers. At February 29, 2024, the value of these securities amounted to $20,664,949, or 16.1% of net assets. |
(a) | Floating rate note. Coupon rate, reference index and spread shown at February 29, 2024. |
(b) | All or a portion of this position has not settled. Full contract rates do not take effect until settlement date. |
(c) | Security is in default. |
(d) | This term loan will settle after February 29, 2024, at which time the interest rate will be determined. |
(e) | Non-income producing security. |
(f) | Security is perpetual in nature and has no stated maturity date. |
(g) | The interest rate is subject to change periodically. The interest rate and/or reference index and spread shown at February 29, 2024. |
(h) | Issued as participation notes. |
(i) | Issued as preference shares. |
(j) | Security issued with a zero coupon. Income is recognized through accretion of discount. |
(k) | Rate periodically changes. Rate disclosed is the 7-day yield at February 29, 2024. |
* | Senior secured floating rate loan interests in which the Fund invests generally pay interest at rates that are periodically re-determined by reference to a base lending rate plus a premium. These base lending rates are generally (i) the lending rate offered by one or more major European banks, such as LIBOR or SOFR, (ii) the prime rate offered by one or more major United States banks, (iii) the rate of a certificate of deposit or (iv) other base lending rates used by commercial lenders. The interest rate shown is the rate accruing at February 29, 2024. |
+ | Security is valued using significant unobservable inputs (Level 3). |
† | Amount rounds to less than 0.1%. |
# | Securities are restricted as to resale. |
Restricted Securities | Acquisition date | Cost | Value |
Alamo Re | 11/16/2023 | $253,000 | $252,375 |
Alturas Re 2022-2 | 4/11/2023 | 525 | 2,158 |
Cape Lookout Re | 3/16/2022 | 250,000 | 248,325 |
Commonwealth Re | 6/15/2022 | 250,000 | 252,425 |
Everglades Re II, Ltd. | 11/21/2023 | 251,875 | 252,375 |
Formby Re 2018 | 7/9/2018 | 776 | — |
Harambee Re 2018 | 12/19/2017 | 5,311 | — |
Harambee Re 2019 | 12/20/2018 | — | 425 |
25Pioneer Floating Rate Fund, Inc. | 2/29/24
Restricted Securities | Acquisition date | Cost | Value |
Lorenz Re 2019 | 6/26/2019 | $32,708 | $1,856 |
Matterhorn Re | 3/10/2022 | 250,000 | 249,450 |
Merion Re 2018-2 | 12/28/2017 | — | 14,995 |
Residential Re | 10/28/2021 | 250,000 | 236,775 |
Sanders Re III | 3/22/2022 | 250,000 | 240,850 |
Sector Re V | 1/1/2020 | 204 | 18,362 |
Woburn Re 2019 | 1/30/2019 | 32,545 | 41,004 |
Total Restricted Securities | $1,811,375 | ||
% of Net assets | 1.4% |
FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS
Currency Purchased | In Exchange for | Currency Sold | Deliver | Counterparty | Settlement Date | Unrealized (Depreciation) |
USD | 523,441 | MXN | 9,157,303 | Bank of New York Mellon Corp. | 3/27/24 | $(11,515) |
TOTAL FORWARD FOREIGN CURRENCY EXCHANGE CONTRACTS | $(11,515) |
Principal amounts are denominated in U.S. dollars (“USD”) unless otherwise noted.
MXN | — Mexican Peso |
USD | — United States Dollar |
Various inputs are used in determining the value of the Fund’s investments. These inputs are summarized in the three broad levels below.
Level 1 | – | unadjusted quoted prices in active markets for identical securities. |
Level 2 | – | other significant observable inputs (including quoted prices for similar securities, interest rates, prepayment speeds, credit risks, etc.). |
Level 3 | – | significant unobservable inputs (including the Adviser’s own assumptions in determining fair value of investments). |
The following is a summary of the inputs used as of February 29, 2024 in valuing the Fund’s investments:
Level 1 | Level 2 | Level 3 | Total | |
Senior Secured Floating Rate Loan Interests | $— | $154,991,465 | $— | $154,991,465 |
Common Stocks | — | 672,998 | — | 672,998 |
Asset Backed Securities | — | 3,884,383 | — | 3,884,383 |
Collateralized Mortgage Obligations | — | 3,423,181 | — | 3,423,181 |
Commercial Mortgage-Backed Securities | — | 1,320,790 | — | 1,320,790 |
Corporate Bonds | — | 11,684,395 | — | 11,684,395 |
Preferred Stock | 12,862 | — | — | 12,862 |
Pioneer Floating Rate Fund, Inc. | 2/29/2426
Schedule of Investments | 2/29/24
(unaudited) (continued)
Level 1 | Level 2 | Level 3 | Total | |
Insurance-Linked Securities | ||||
Collateralized Reinsurance | ||||
Windstorm – Florida | $— | $— | $—* | $—* |
Reinsurance Sidecars | ||||
Multiperil – U.S. | — | — | 425 | 425 |
Multiperil – Worldwide | — | — | 78,375 | 78,375 |
All Other Insurance-Linked Securities | — | 1,732,575 | — | 1,732,575 |
U.S. Government and Agency Obligations | — | 4,991,935 | — | 4,991,935 |
Open-End Fund | 5,637,685 | — | — | 5,637,685 |
Total Investments in Securities | $5,650,547 | $182,701,722 | $78,800 | $188,431,069 |
Other Financial Instruments | ||||
Net unrealized depreciation on forward foreign currency exchange contracts | $— | $(11,515) | $— | $(11,515) |
Total Other Financial Instruments | $— | $(11,515) | $— | $(11,515) |
* | Securities valued at $0. |
Transfers are calculated on the beginning of period values. During the period ended February 29, 2024, a security valued at $639,476 was transferred from Level 3 to Level 2, due to valuing the security using observable inputs. There were no other transfers in or out of Level 3 during the period.
27Pioneer Floating Rate Fund, Inc. | 2/29/24