PFLT/ PennantPark Floating Rate
Comprehensive risk audit, payout history, and forward-looking dividend projections.
What This Page Shows
- Dividend yield and net yield after fees (176.77% vs 176.77%)
- Risk tier classification: Tier 3 Sector Specialties
- TTM NAV change: -19.2%
- Income sustainability flags and payout history trends
DivAgent Audit Brief
PFLT is a Tier 3 Sector Specialties asset yielding 176.77%. It offers balanced exposure to high-yield sectors like Real Estate or BDCs. Warning: NAV has declined -19.2% over the TTM.
Provider
—
Sector
BDC
Asset Class
EQUITY
Expense Ratio
—
AUM
—
Inception
—
Distribution
monthly
NAV Change (1Y)
-19.2%
NAV Analysis
NAV has changed -19.2% over the past year.
Who Should Buy PFLT?
PFLT is best suited for Yield Strategists. The fund generates a 176.77% yield through collecting dividends from portfolio companies.
Income-focused investors willing to accept sector concentration risks (e.g., Real Estate volatility).
You need a diversified core holding, as this asset is sector-specific.
Quick Audit
- TypeTraditional Equity
- ComplexityMedium
- Tax EfficiencyMixed
- VolatilityMarket Correlation
How PFLT fits in a portfolio
Sector specialties trade diversification for thematic income exposure.
Tier 3 includes REITs, BDCs, MLPs, and sector-concentrated income funds. Yields are higher (5-10%) but the holder accepts cyclical sector risk and interest-rate sensitivity. Size accordingly.
Suggested allocation
5% – 20%
of an income-focused portfolio
Estimated 12-mo net: $15,057 to $20,359 (P10–P90 range)
How is this projected?
Income series uses your forecasted distribution rate. NAV drift band is the P10/P50/P90 of historical monthly returns by risk tier. For Tier 5 holdings, the P10 path can show meaningful NAV erosion — this is the educational point, not a bug.
Comparing stated yield to actual total return performance
Yield ≠ Returns
The stated yield of 176.8% significantly overstates actual returns. Always evaluate total return, not just yield.
Liquidity Warning: Very High Risk
PFLT has very high liquidity risk. You may experience wide bid-ask spreads and significant slippage when entering or exiting positions. Consider using limit orders and avoid market orders for large positions.
Institutional Data Locked
Advanced liquidity metrics for Tier 3 assets are available to Premium members.
Unlock MetricsDivAgent Analyst Verdict
“PFLT is currently serving as a foundational income anchor. Investors should be aware that business development company. lends to small/mid-sized businesses. required to distribute 90% of taxable income.”
Risk Profile Audit
Moderate risk. Reliable income but sensitive to interest rate changes or sector-specific headwinds.
Price Chart
Live DataCalculate Your Returns
Estimate income for PFLT
~119.76 shares at $8.35
Estimates use the latest forecasted distribution and are not guarantees.
Track PFLT in DivAgentVerified Payout History
Last 5 of 20 Payments| Ex-Dividend Date | Amount | Frequency | Status |
|---|---|---|---|
| Apr 15, 2026 | $0.1030 | Monthly | PAID |
| Mar 16, 2026 | $0.1030 | Monthly | PAID |
| Feb 17, 2026 | $0.1030 | Monthly | PAID |
| Jan 16, 2026 | $0.1030 | Monthly | PAID |
| Dec 15, 2025 | $0.1030 | Monthly | PAID |
+15 more dividends hidden | |||
15 more dividends available
Upgrade to Premium to see up to 10 historical dividends, or Pro for unlimited access.
Compare PFLT Alternatives
See All ComparisonsPFLT FAQ
Common questions about PFLT dividends, safety, and performance
Institutional Analysis Context
This FAQ section provides institutional-grade analysis of PFLT. DivAgent evaluates dividend ETFs using a proprietary 5-Tier Risk Spectrum that measures income sustainability, NAV erosion risk, and distribution source quality. Data is updated daily from market sources.
DivAgent Data Methodology
Risk Tier Classification
Our 5-Tier Risk Spectrum is not an editorial opinion. It is a quantitative scoring model derived from 36-month volatility, max drawdown depth, and option skew (for derivative funds). A "Tier 1" rating implies volatility comparable to short-term treasuries, while "Tier 5" indicates localized volatility exceeding the S&P 500.
NAV Erosion Calculation
We calculate "Erosion" by stripping out distribution payments to isolate the price performance of the underlying collateral. If a fund's share price drops by more than its distribution yield over a rolling 12-month period, it is flagged as eroding capital. This protects investors from "Yield Traps" that return their own principal as taxable income.
Yield vs. Income
DivAgent distinguishes between "SEC Yield" (standardized) and "Distribution Rate" (cash-on-cash). For option-income ETFs (e.g., Covered Calls), we prioritize the Trailing 12-Month (TTM) distribution rate as a more accurate reflection of realized income, while flagging that future payouts fluctuate with implied volatility.
Performance Benchmarking
All "Total Return" metrics differ from price return. We assume immediate reinvestment of all dividends (DRIP) on the pay date, with no tax friction. This "Net Total Return" metric allows for a true apples-to-apples comparison between high-yield/flat-price funds and low-yield/high-growth funds.