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PHT 
Pioneer High Income Closed Fund (PHT)
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Upturn Advisory Summary
04/01/2025: PHT (1-star) is currently NOT-A-BUY. Pass it for now.
Upturn Star Rating
Not Recommended Performance
These Stocks/ETFs, based on Upturn Advisory, consistently fall short of market performance, signaling caution before investing.
AI Based Fundamental Rating
Below Average Performance
These Stocks/ETFs, based on Upturn Advisory, often underperform the market, warranting careful consideration before investing.
Analysis of Past Performance
Type Stock | Historic Profit 2.51% | Avg. Invested days 46 | Today’s Advisory PASS |
Upturn Star Rating | Upturn Advisory Performance  2.0 | Stock Returns Performance  1.0 |
| Profits based on simulation | Last Close 04/01/2025 |
Key Highlights
Company Size Small-Cap Stock | Market Capitalization 227.10M USD | Price to earnings Ratio 5.3 | 1Y Target Price - |
Price to earnings Ratio 5.3 | 1Y Target Price - | ||
Volume (30-day avg) 66793 | Beta 0.88 | 52 Weeks Range 6.69 - 7.96 | Updated Date 04/1/2025 |
52 Weeks Range 6.69 - 7.96 | Updated Date 04/1/2025 | ||
Dividends yield (FY) 8.55% | Basic EPS (TTM) 1.46 |
Earnings Date
Report Date - | When - | Estimate - | Actual - |
Profitability
Profit Margin 104.21% | Operating Margin (TTM) 91.08% |
Management Effectiveness
Return on Assets (TTM) 4.27% | Return on Equity (TTM) -7.32% |
Valuation
Trailing PE 5.3 | Forward PE - | Enterprise Value 334791488 | Price to Sales(TTM) 16.06 |
Enterprise Value 334791488 | Price to Sales(TTM) 16.06 | ||
Enterprise Value to Revenue 7.75 | Enterprise Value to EBITDA - | Shares Outstanding 29341600 | Shares Floating - |
Shares Outstanding 29341600 | Shares Floating - | ||
Percent Insiders - | Percent Institutions 30.58 |
Analyst Ratings
Rating - | Target Price - | Buy - | Strong Buy - |
Buy - | Strong Buy - | ||
Hold - | Sell - | Strong Sell - | |
Strong Sell - |
Upturn AI SWOT
Pioneer High Income Closed Fund
Company Overview
History and Background
Pioneer High Income Trust (PHT) is a closed-end fund managed by Amundi Pioneer Asset Management. It primarily invests in high-yield debt securities. It was founded with the objective of providing a high level of current income.
Core Business Areas
- High-Yield Debt Investments: Invests in a diversified portfolio of high-yield corporate bonds, often referred to as 'junk bonds,' seeking to generate income.
Leadership and Structure
Amundi Pioneer Asset Management manages PHT. Specific leadership details require referencing Amundi Pioneer's public filings.
Top Products and Market Share
Key Offerings
- High-Yield Bond Portfolio: PHT offers investors access to a professionally managed portfolio of high-yield bonds. Market share data for individual closed-end funds is less relevant than performance compared to peers. Competitors include other high-yield bond funds from companies like BlackRock, Eaton Vance, and Nuveen.
Market Dynamics
Industry Overview
The high-yield bond market fluctuates with economic conditions, credit spreads, and interest rates. Demand for yield drives investment flows.
Positioning
PHT aims to deliver high current income through high-yield bond investments. Its competitive advantage lies in Amundi Pioneer's expertise in credit analysis and portfolio management.
Total Addressable Market (TAM)
The global high-yield bond market is estimated to be in the trillions of dollars. PHT is positioned as a small player offering a specific income-focused strategy.
Upturn SWOT Analysis
Strengths
- Experienced Management Team (Amundi Pioneer)
- Diversified High-Yield Portfolio
- Potential for High Current Income
Weaknesses
- Sensitivity to Interest Rate Changes
- Credit Risk Associated with High-Yield Bonds
- Market Volatility Impacting NAV
Opportunities
- Increasing Demand for Income-Generating Assets
- Strategic Asset Allocation in a Low-Yield Environment
- Active Management to Outperform Benchmarks
Threats
- Economic Recession Leading to Defaults
- Rising Interest Rates Eroding Bond Values
- Increased Competition from Other Income-Focused Funds
Competitors and Market Share
Key Competitors
- BBN
- HYT
- DHY
Competitive Landscape
PHT competes with other high-yield closed-end funds based on yield, expense ratio, and performance. Differentiation lies in portfolio construction and management expertise.
Major Acquisitions
Growth Trajectory and Initiatives
Historical Growth: Historical growth is dependent on the performance of underlying high-yield assets.
Future Projections: Future performance projections are subject to market conditions and analyst expectations regarding high-yield bond markets.
Recent Initiatives: Recent initiatives usually focus on adjusting portfolio composition to adapt to changing market conditions.
Summary
Pioneer High Income Trust (PHT) is a closed-end fund that offers investors access to a diversified portfolio of high-yield bonds, seeking to generate income. While the fund benefits from the expertise of Amundi Pioneer's management and the potential for high current income, it is also subject to risks associated with interest rate changes and credit quality. The fund should carefully monitor economic conditions and adjust its portfolio accordingly. Overall PHT can be a way to obtain diversified high yield fixed income but should be considered in light of its inherent risks.
Similar Companies
Sources and Disclaimers
Data Sources:
- SEC Filings (Form N-CSR, Form N-Q), Amundi Pioneer Website, Financial Data Providers (e.g., Bloomberg, FactSet)
Disclaimers:
This analysis is for informational purposes only and does not constitute investment advice. Investment decisions should be made based on individual circumstances and consultation with a qualified financial advisor. Market share estimates are approximate.
AI Summarization is directionally correct and might not be accurate.
Summarized information shown could be a few years old and not current.
Fundamental Rating based on AI could be based on old data.
AI-generated summaries may have inaccuracies (hallucinations). Please verify the information before taking action.
About Pioneer High Income Closed Fund
Exchange NYSE | Headquaters Boston, MA, United States | ||
IPO Launch date 2002-04-26 | CEO - | ||
Sector Financial Services | Industry Asset Management | Full time employees - | Website |
Full time employees - | Website | ||
Pioneer High Income Fund, Inc. is a closed ended fixed income mutual fund launched and managed by Pioneer Investment Management, Inc. It invests in fixed income markets of the United States. The fund primarily invests in below-investment-grade bonds, high-yield corporate bonds, and convertible securities. It seeks to invest in bonds that are rated BBB- or lower by Standard and Poor's or a similar national rating service. The fund benchmarks the performance of its portfolio against the Bank of America Merrill Lynch High Yield Master II Index. Pioneer High Income Fund, Inc. was formed on April 25, 2002 and is domiciled in the United States.
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