Is FLARX a Strong Bond Fund Right Now?
On the lookout for a Mutual Fund Bond fund? Starting with Pioneer Floating Rate A (FLARX) should not be a possibility at this time. FLARX possesses a Zacks Mutual Fund Rank of 4 (Sell), which is based on nine forecasting factors like size, cost, and past performance.
History of Fund/Manager
FLARX is a part of the Amundi US family of funds, a company based out of Boston, MA. Pioneer Floating Rate A debuted in February of 2007. Since then, FLARX has accumulated assets of about $83.82 million, according to the most recently available information. The fund's current manager, Jonathan Sharkey, has been in charge of the fund since February of 2007.
Of course, investors look for strong performance in funds. This fund has delivered a 5-year annualized total return of 1.48%, and it sits in the middle third among its category peers. But if you are looking for a shorter time frame, it is also worth looking at its 3-year annualized total return of 0.51%, which places it in the bottom third during this time-frame.
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