Pioneer Floating Rate Fund, Inc.

UNITED STATES

SECURITIES AND EXCHANGE COMMISSION

Washington, D.C. 20549

FORM N‑CSR

CERTIFIED SHAREHOLDER REPORT OF REGISTERED

MANAGEMENT INVESTMENT COMPANIES

Investment Company Act file number 811‑21654

Pioneer Floating Rate Fund, Inc.

(Exact name of registrant as specified in charter)

60 State Street, Boston, MA 02109

(Address of principal executive offices) (ZIP code)

Christopher J. Kelley, Amundi Asset Management, Inc.,

60 State Street, Boston, MA 02109

(Name and address of agent for service)

Registrant’s telephone number, including area code: (617) 742‑7825

Date of fiscal year end: November 30

Date of reporting period: May 31, 2025

Form N‑CSR is to be used by management investment companies to file reports with the Commission not later than 10 days after the transmission to stockholders of any report that is required to be transmitted to stockholders under Rule 30e‑1 under the Investment Company Act of 1940 (17 CFR 270.30e‑1). The Commission may use the information provided on Form N‑CSR in its regulatory, disclosure review, inspection, and policymaking roles.

A registrant is required to disclose the information specified by Form N‑CSR, and the Commission will make this information public. A registrant is not required to respond to the collection of information contained in Form N‑CSR unless the Form displays a currently valid Office of Management and Budget (“OMB”) control number. Please direct comments concerning the accuracy of the information collection burden estimate and any suggestions for reducing the burden to Secretary, Securities and Exchange Commission, 450 Fifth Street, NW, Washington, DC 20549-0609. The OMB has reviewed this collection of information under the clearance requirements of 44 U.S.C. ss. 3507.

ITEM 1. REPORT TO STOCKHOLDERS.

Pioneer Floating
Rate Fund, Inc.

Semi-Annual Report | May 31, 2025

Ticker Symbol: PHD

visit us: www.pioneerinvestments.com

Table of Contents

Portfolio Management Discussion	2
Portfolio Summary	10
Prices and Distributions	11
Performance Update	12
Schedule of Investments	13
Financial Statements	40
Notes to Financial Statements	46
Additional Information	67
Approval of New Investment Advisory Agreement and Interim Investment Advisory Agreement with Victory Capital Management Inc.	69
Directors, Officers and Service Providers	80

Pioneer Floating Rate Fund, Inc. | Semi-Annual | 5/31/251

Q	How did the Fund perform during the six-month period ended May 31, 2025?
A	Pioneer Floating Rate Fund, Inc. returned 1.82% at net asset value (NAV) and 3.59% at market price during the six-month period ended May 31, 2025. The Fund’s benchmark, the Morningstar Loan Syndications & Trading Association Leveraged Loan Index (the Morningstar/LSTA Index), returned 2.56%. Unlike the Fund, the Morningstar/LSTA Index does not use leverage. While the use of leverage increases investment opportunity, it also increases investment risk.
	During the same six-month period, the average return at NAV of the 71 closed end funds in Morningstar’s Bank Loan Closed End Funds category (which may or may not be leveraged) was 1.16%, while the same closed end fund Morningstar category’s average return at market price was (3.00)%.
	The shares of the Fund were selling at an 2.79% discount to NAV on May 31, 2025. Comparatively, the Fund’s shares were selling at a discount to NAV of 4.45% on November 30, 2024.

	On May 31, 2025, the standardized 30-day SEC yield of the Fund’s shares was 8.01%*.
Q	Which of the Fund’s investment strategies or individual portfolio holdings contributed positively to the Fund’s benchmark-relative performance during the six- month period?
A	In sector terms, consumer durables, telecom services and automobiles were the top contributors to performance. The telecom sector, which has been subject to merger & acquisition activity, as well as restructuring activity, has exhibited stronger outcomes than expected. The automobiles sector provided positive performance due to prebuying by consumers to avoid the anticipated effects of tariffs.
	The top three positive contributors with regard to individual security selection included Altice France, Cornerstone On Demand and First Brands. Altice France, a cable, broadband, and wireless telecommunications service company, benefited from debt restructuring. Cornerstone On Demand, a software company, had improved its fiscal performance following a few periods of earnings misses. First Brands is an aftermarket auto parts manufacturer, which benefited from improved operations performance.
	Overall, the out-of-benchmark allocations were neutral to returns relative to the benchmark. This includes catastrophe bonds, corporate bonds, equity and RMBS positioning.
Q	Which investment strategies or individual portfolio holdings detracted from the Fund’s benchmark-relative performance results during the six-month period ended May 31, 2025?
A	The Fund is leveraged, which proved to be a detractor to benchmark relative returns over the six-month period, affected by the market’s weak performance during the sell-off in March and April. We started to sell securities in the Fund's portfolio which we determined to be tariff sensitive, which moderately built the Fund’s cash position during this period of volatility, and which did not allow us to fully participate in May’s significant

	rally. Allocations to the capital goods and transportation sectors detracted from the Fund's benchmark-relative performance during the period. Within the capital goods sector, the primary detractors were within the trading companies and distribution subsector and in the machinery subsector, as both subsectors were impacted by tariffs. Within the transportation sector, tariffs and reduced consumer demand impacted ground transportation and airlines.
	Regarding individual security selections, the top three detractors included Groupo Aeromexico, Knights Health and Michaels Stores. Groupo Aeromexico holds an equity position that emerged from a workout deal following a default on a debt position within the Fund’s portfolio. This investment has underperformed due to the effects of tariffs and a general decline in cross-border travel. Knights Health, which manages long term acute care facilities, continues to experience volume issues and increased labor costs in a post COVID environment. Michaels stores has faced numerous hurdles, including issues associated with the supply chain impacts of COVID, tariffs and increased competition resulting from the liquidation sale of a competitor’s inventory.
	The sizeable underweight allocation to loans rated in the low B- category had a negative impact on performance, as this segment outperformed in the period. In addition, a slightly higher cash balance offset positive performance in the lower rating B-/CCC tiers.
Q	Did the Fund’s distributions** to stockholders change during the six-month period ended May 31, 2025?
A	The Fund decreased the distribution rate from $0.0850 to $0.0750 per share starting with the January 2025 distribution. The decreased distribution rate reflected lower short-term rates following the initial Fed rate cuts, coupled with reduced spreads in the loan universe due to opportunistic issuer refinancing during the year. The amount of distributions made to stockholders during the period was in excess of the net investment income earned by the Fund during the period. The Fund has accumulated undistributed net investment income which is part of the Fund's net asset value ("NAV"). A portion of

	this accumulated net investment income was distributed to stockholders during the period. A decrease in distributions may have a negative effect on the market value of the Fund's shares.
Q	How did the level of leverage in the Fund change during the six-month period ended May 31, 2025?
A	The Fund employs leverage through a credit agreement. As of May 31, 2025, 32.6% of the Fund’s total managed assets were financed by leverage, or borrowed funds, compared with 31.9% of the Fund’s total managed assets financed by leverage at the start of the six-month period on December 1, 2024. The percentage of the Fund’s managed assets financed by leverage increased during the six-month period due to a decrease in total managed assets of the Fund. The interest rate on the Fund's leverage decreased by 22 basis points from December 1, 2024 to May 31, 2025.
Q	Did the Fund have any exposure to derivatives during the six- month period ended May 31, 2025?
A	The Fund had exposure to forward foreign currency exchange contracts during the period, which had a negligible effect on performance. We typically employ forward foreign currency exchange contracts in an effort to mitigate currency risk in the Fund’s credit exposures that are not denominated in US dollars. For example, the Fund entered into a foreign currency exchange contract with respect to the Mexican Peso, in an effort to hedge the Fund’s securities of AeroMexico, a Mexican Airline.
Q	What is your investment outlook, and how is the Fund positioned heading into the second half of the fiscal year?
A	Tariff news dominated business headlines and drove investor sentiment while economic indicators generally took a backseat. Investor risk appetite perked up early in the month of May after the US and China agreed to postpone existing retaliatory tariffs while negotiating a longer-term trade pact. The surprise climbdown lowered the US tariff rate on Chinese goods from 145% to 30% and the effective global tariff rate (the average across all US imports) from a historic 24% to “only” 14%. The 10% reduction in the overall effective tariff rate eased the previously anticipated effects on inflation (higher) and real economic growth (lower) by approximately 1 percentage point for

	each. In response, major US equity markets surged 3-4% and firmed as the month progressed. Toward the end of May, two courts determined that the Trump Administration’s fentanyl-related and Liberation Day tariffs were illegal. These rulings were swiftly appealed by the White House and left the impact on tariff policy uncertain. Both cases are likely to reach the US Supreme Court where it’s anticipated that the Court will ultimately rule that both tariffs were unlawful. Though the White House has options to add new tariffs under alternative statutes, such tariffs will likely be lower in aggregate and shorter in duration than the tariffs canceled through court injunction. As additional tariff agreements are established, we anticipate this will support loans, as increased clarity could bring stability to the markets.
	Away from global trade news, the Federal Reserve held its policy rate steady during the May FOMC meeting, as the Committee continues to monitor how tariffs affect US economic activity and inflation expectations. Macroeconomic data continued to paint a blurry picture. Forward-looking “soft” survey data understandably messaged better consumer and business outlooks following the China-US trade de-escalation, yet respondents continued to signal price pressures and curtailed real activity. Backward-looking “hard” data remained skewed by preemptive pre-tariff goods purchases which translated through to higher consumer spending and bulging corporate inventories, yet still, on balance, the “hard” data points to surprisingly stable economic activity. On the fiscal side, the US House of Representatives advanced a budget bill to the Senate. The bill not only extended the expiring 2017 tax cuts but introduced new modifications to spending and tax policy. These changes are expected to increase annual budget deficits and contribute to the ongoing increase in US government debt in relation to GDP. The US’ ongoing deficit spending and elevated debt balances were both cited in Moody’s overdue mid-month credit rating downgrade (Aaa to Aa1) which had little impact on investment markets and government bond yields.
	Loans, as they feature floating rates, have very short durations; yet, they may have the potential to take advantage of higher front-end yields on the Treasury curve. Considering the prospects for short-term rates to remain higher for longer than the futures

	market projects, we continue to be positive on the leveraged loan market in both the U.S. and Europe. In 2024, retail mutual funds saw minor outflows, while ETFs gained $22.5b in inflows, a significant increase from $3.8b in 2023. These positive inflows have played a role in influencing the overall pricing in the loan market.
	We expect to keep the Fund’s allocations to CLOs, RMBS and Catastrophe bonds consistent in 2025. Each of these asset classes are floating rate in nature and enhance the earning profile of the Fund. During the period, we lowered our exposure to corporate high yield bonds to reduce duration, capitalize on price appreciation and redeployed capital into loans that are providing higher yields. We expect to continue to adopt that same strategy over the near term, as the market allows.
	Should we see “green shoots” or signs of economic improvement, we may use the opportunity to add back to the lower single B rating tier. We had been cautious on the low single B rated segment of the loan market which has the least amount of flexibility if a recession were to occur as these loans have lower interest rate coverage and are not favored by CLO’s, which makes for poor market demand.

(As a percentage of total investments)*
1.	Invesco Senior Loan ETF	1.75%
2.	IXS Holdings, Inc., Initial Term Loan, 8.649% (Term SOFR + 425 bps), 3/5/27	1.09
3.	Garda World Security Corp., Twelfth Additional Term Loan, 7.333% (Term SOFR + 300 bps), 2/1/29	1.08
4.	First Brands Group LLC, First Lien 2021 Term Loan, Term Loan, 9.541% (Term SOFR + 500 bps), 3/30/27	0.98
5.	Altice France S.A., USD TLB-[14] Loan, 9.756% (Term SOFR + 550 bps), 8/15/28	0.98
6.	Chobani LLC, 2025 New Term Loan, 6.827% (Term SOFR + 250 bps), 10/25/27	0.94
7.	Upstream Newco, Inc., First Lien August 2021 Incremental Term Loan, Term Loan, 8.791% (Term SOFR + 425 bps), 11/20/26	0.92
8.	U.S. Renal Care, Inc., Closing Date Term Loan, 9.441% (Term SOFR + 500 bps), 6/20/28	0.90
9.	RealPage, Inc., First Lien Initial Term Loan, Term Loan, 7.561% (Term SOFR + 300 bps), 4/24/28	0.80
10.	Arsenal AIC Parent LLC, 2025 Refinancing Term B Loan, 7.077% (Term SOFR + 275 bps), 8/18/30	0.79

	Net Investment Income	Short-Term Capital Gains	Long-Term Capital Gains
12/1/24 – 5/31/25	$0.4600	$—	$—

Average Annual Total Return (As of May 31, 2025)
Period	Net Asset Value (NAV)	Market Price	Morningstar LSTA US Leveraged Loan Total Return Index
10 Years	5.53%	6.27%	5.02%
5 Years	9.23	11.44	7.52
1 Year	7.17	10.46	6.81

Principal Amount USD ($)		Value
	UNAFFILIATED ISSUERS — 150.9%
	Senior Secured Floating Rate Loan Interests — 121.3% of Net Assets*(a)
	Advanced Materials — 0.9%
1,328,620	Groupe Solmax, Inc., Initial Term Loan, 9.311% (Term SOFR + 475 bps), 5/29/28	$ 1,135,970
	Total Advanced Materials	$1,135,970


	Advertising Sales — 0.4%
522,568	Clear Channel Outdoor Holdings, Inc., 2024 Refinancing Term Loan, 8.441% (Term SOFR + 400 bps), 8/21/28	$ 514,468
	Total Advertising Sales	$514,468


	Advertising Services — 1.2%
955,653	Dotdash Meredith, Inc., Term B-1 Loan, 7.824% (Term SOFR + 350 bps), 12/1/28	$ 960,431
547,208	Neptune BidCo US, Inc., First Lien Dollar Term B Loan, 9.33% (Term SOFR + 500 bps), 4/11/29	512,324
	Total Advertising Services	$1,472,755


	Aerospace & Defense — 0.5%
249,000	Goat Holdco LLC, Term B Loan, 7.329% (Term SOFR + 300 bps), 1/27/32	$ 248,600
375,000(b)	Karman Holdings, Inc., Initial Term Loan, 4/1/32	375,469
	Total Aerospace & Defense	$624,069


	Airlines — 0.5%
668,056	AAdvantage Loyalty IP Ltd. (American Airlines), 2025 Replacement Term Loan, 6.522% (Term SOFR + 225 bps), 4/20/28	$ 662,127
	Total Airlines	$662,127


	Airport Development & Maintenance — 0.4%
552,615	Apple Bidco LLC, First Lien Amendment No. 5 Term Loan, 6.827% (Term SOFR + 250 bps), 9/23/31	$ 550,395
	Total Airport Development & Maintenance	$550,395


	Apparel Manufacturers — 0.2%
215,397	Hanesbrands, Inc., Initial Tranche B Term Loan, 7.077% (Term SOFR + 275 bps), 3/7/32	$ 214,590
	Total Apparel Manufacturers	$214,590

	5/31/25	11/30/24
Market Value	$9.75	$9.87
Discount	(2.79)%	(4.45)%

	5/31/25	11/30/24
30-Day SEC Yield	8.01%	8.32%

Principal Amount USD ($)		Value
	Electric-Generation — 3.0%
352,230	Alpha Generation LLC, Initial Term B Loan, 7.077% (Term SOFR + 275 bps), 9/30/31	$ 354,167
1,080,488	Eastern Power LLC (Eastern Covert Midco LLC), Term Loan, 9.577% (1 Month Term SOFR + 525 bps), 4/3/28	1,080,995
672,347	Edgewater Generation LLC, 2025 Refinancing Term Loan, 7.327% (Term SOFR + 300 bps), 8/1/30	676,129
372,775	Hamilton Projects Acquiror LLC, Term Loan, 7.327% (Term SOFR + 300 bps), 5/30/31	374,717
717,000	Long Ridge Energy LLC, Term B Advance, 8.827% (Term SOFR + 450 bps), 2/19/32	699,075
494,988	Vistra Operations Company LLC, 2018 Incremental Term Loan, 6.077% (Term SOFR + 175 bps), 12/20/30	496,457
	Total Electric-Generation	$3,681,540


	Electric-Integrated — 0.8%
994,491	Constellation Renewables LLC, Loan, 6.583% (Term SOFR + 225 bps), 12/15/27	$ 995,610
	Total Electric-Integrated	$995,610


	Electronic Composition — 0.7%
1,001,446	Natel Engineering Co., Inc., Initial Term Loan, 10.691% (Term SOFR + 625 bps), 4/30/26	$ 911,316
	Total Electronic Composition	$911,316


	Engines — 1.6%
1,058,349	Arcline FM Holdings LLC, First Lien 2025 New Term Loan, 7.578% (Term SOFR + 350 bps), 6/23/30	$ 1,062,318
1,008,238	LSF12 Badger Bidco LLC, Initial Term Loan, 10.327% (Term SOFR + 600 bps), 8/30/30	960,346
	Total Engines	$2,022,664


	Enterprise Software & Services — 2.3%
1,166,727	Cloud Software Group, Inc., Sixth Amendment Term Loan, 8.049% (Term SOFR + 375 bps), 3/21/31	$ 1,164,852
553,612	Genesys Cloud Services Holdings I LLC, Initial 2025 Dollar Term Loan, 6.827% (Term SOFR + 250 bps), 1/30/32	552,436
319,200	Helios Software Holdings, Inc. (ION Corporate Solutions Finance S.a.r.l.), 2024-B Dollar Term Loan, 7.799% (Term SOFR + 350 bps), 7/18/30	318,469

Principal Amount USD ($)		Value
	Appliances — 0.9%
1,144,278	Osmosis Buyer Ltd., 2025 Refinancing Term B Loan, 7.323% (Term SOFR + 300 bps), 7/31/28	$ 1,139,004
	Total Appliances	$1,139,004


	Applications Software — 3.9%
351,969	Central Parent LLC, First Lien 2024 Refinancing Term Loan, 7.549% (Term SOFR + 325 bps), 7/6/29	$ 313,552
942,692	ConnectWise LLC, Initial Term Loan, 8.061% (Term SOFR + 350 bps), 9/29/28	945,992
536,439	EP Purchaser LLC, First Lien Closing Date Term Loan, 8.061% (Term SOFR + 350 bps), 11/6/28	526,716
974,620(b)	Flash Charm, Inc., First Lien Incremental Term Loan, 7.776% (Term SOFR + 350 bps), 3/2/28	928,326
872,276(c)	Loyalty Ventures, Inc., Term B Loan, 11.46% (LIBOR + 650 bps), 11/3/27	65,421
1,441,172	RealPage, Inc., First Lien Initial Term Loan, 7.561% (Term SOFR + 300 bps), 4/24/28	1,431,624
569,505	SS&C Technologies Holdings, Inc., Term B-8 Loan, 6.327% (Term SOFR + 200 bps), 5/9/31	572,195
	Total Applications Software	$4,783,826


	Athletic Equipment — 0.3%
400,958	Recess Holdings, Inc., First Lien Initial Term Loan, 8.025% (Term SOFR + 375 bps), 2/20/30	$ 401,459
	Total Athletic Equipment	$401,459


	Auto Parts & Equipment — 4.1%
808,623	Adient US LLC, Term B-2 Loan, 6.577% (Term SOFR + 225 bps), 1/31/31	$ 806,673
636,734	American Axle & Manufacturing, Inc., New Tranche B Term Loan, 7.23% (Term SOFR + 300 bps), 12/13/29	633,550
1,810,583	First Brands Group LLC, First Lien 2021 Term Loan, 9.541% (Term SOFR + 500 bps), 3/30/27	1,754,002
1,973,298	IXS Holdings, Inc., Initial Term Loan, 8.649% (Term SOFR + 425 bps), 3/5/27	1,951,099
	Total Auto Parts & Equipment	$5,145,324


	Auto Repair Centers — 1.5%
687,545	Belron Finance 2019 LLC, 2031 Dollar Incremental Term Loan, 7.049% (Term SOFR + 275 bps), 10/16/31	$ 691,413
1,255,513	Champions Holdco, Inc., Initial Term Loan, 9.08% (Term SOFR + 475 bps), 2/23/29	1,166,371
	Total Auto Repair Centers	$1,857,784

Principal Amount USD ($)		Value
	Auto-Truck Trailers — 0.7%
970,000	Novae LLC, Tranche B Term Loan, 9.453% (Term SOFR + 500 bps), 12/22/28	$ 889,975
	Total Auto-Truck Trailers	$889,975


	Beverages — 1.0%
497,000	Celsius Holdings, Inc., Term Loan, 7.548% (Term SOFR + 325 bps), 4/1/32	$ 500,003
766,569	Triton Water Holdings, Inc., First Lien 2025 Refinancing Term Loan, 6.549% (Term SOFR + 225 bps), 3/31/28	767,767
	Total Beverages	$1,267,770


	Broadcast Service & Programing — 0.4%
464,878	Univision Communications, Inc., First Lien Initial Term Loan, 7.691% (Term SOFR + 325 bps), 1/31/29	$ 452,094
	Total Broadcast Service & Programing	$452,094


	Building & Construction — 1.2%
500,000	DG Investment Intermediate Holdings 2, Inc., Second Lien Initial Term Loan, 11.191% (Term SOFR + 675 bps), 3/30/29	$ 498,125
961,675	Service Logic Acquisition, Inc., Amendment No. 8 Refinancing Term Loan, 7.28% (Term SOFR + 300 bps), 10/29/27	964,079
	Total Building & Construction	$1,462,204


	Building & Construction Products — 2.4%
483,750	Chariot Buyer LLC, First Lien Initial Term Loan, 7.677% (Term SOFR + 325 bps), 11/3/28	$ 482,503
1,421,726	Cornerstone Building Brands, Inc., Tranche B Term Loan, 7.679% (Term SOFR + 325 bps), 4/12/28	1,259,561
315,267	Jeld-Wen, Inc., Replacement 2023 Term B Loan, 6.441% (Term SOFR + 200 bps), 7/28/28	295,327
484,840	LHS Borrower LLC, Initial Term Loan, 9.177% (Term SOFR + 475 bps), 2/16/29	459,789
422,067	Potters Industries LLC, 2025 Incremental Term Loan, 7.333% (Term SOFR + 300 bps), 12/14/27	423,650
	Total Building & Construction Products	$2,920,830


	Building Production — 1.0%
736,959	Koppers, Inc., Term B-2 Loan, 6.83% (Term SOFR + 250 bps), 4/10/30	$ 738,802
552,000	Quikrete Holdings, Inc., First Lien Tranche B-3 Term Loan, 6.577% (Term SOFR + 225 bps), 2/10/32	550,505
	Total Building Production	$1,289,307

Principal Amount USD ($)		Value
	Building-Heavy Construction — 1.2%
698,250	Construction Partners, Inc., Closing Date Loan, 6.829% (Term SOFR + 250 bps), 11/3/31	$ 699,995
729,219	Osmose Utilities Services, Inc., First Lien Initial Term Loan, 7.691% (Term SOFR + 325 bps), 6/23/28	729,447
	Total Building-Heavy Construction	$1,429,442


	Cable & Satellite Television — 1.4%
909,972	DIRECTV Financing LLC, 2024 Refinancing Term B Loan, 9.791% (Term SOFR + 525 bps), 8/2/29	$ 898,256
412,131	Radiate Holdco LLC, Amendment No. 6 Term B Loan, 7.691% (Term SOFR + 325 bps), 9/25/26	363,396
500,000	Virgin Media Bristol LLC, Facility Q, 7.693% (Term SOFR + 325 bps), 1/31/29	494,063
	Total Cable & Satellite Television	$1,755,715


	Casino Hotels — 1.6%
1,472,102	Century Casinos, Inc., Term B Facility Loan, 10.442% (Term SOFR + 600 bps), 4/2/29	$ 1,280,729
771,033	Fertitta Entertainment LLC, Initial B Term Loan, 7.827% (Term SOFR + 350 bps), 1/27/29	767,515
	Total Casino Hotels	$2,048,244


	Casino Services — 0.9%
263,340	Caesars Entertainment, Inc., Incremental Term B-1 Loan, 6.577% (Term SOFR + 225 bps), 2/6/31	$ 262,682
705,156	Everi Holdings, Inc., Term B Loan, 6.941% (Term SOFR + 250 bps), 8/3/28	706,918
33,449	Lucky Bucks LLC, Priority First Out Exit Term Loan, 11.975% (Term SOFR + 750 bps), 10/2/28	33,783
68,233	Lucky Bucks LLC, Priority Second Out Term Loan, 6.975% (Term SOFR + 250 bps), 10/2/29	58,340
	Total Casino Services	$1,061,723


	Cellular Telecom — 1.4%
1,893,165	Altice France S.A., USD TLB-[14] Loan, 9.756% (Term SOFR + 550 bps), 8/15/28	$ 1,747,234
	Total Cellular Telecom	$1,747,234


	Chemicals-Diversified — 1.9%
1,000,000	ARC Falcon I, Inc., Second Lien Initial Term Loan, 11.427% (Term SOFR + 700 bps), 9/28/29	$ 970,625
445,500	Ineos Quattro Holdings UK Ltd., 2029 Tranche B Dollar Term Loan, 8.677% (Term SOFR + 425 bps), 4/2/29	409,860

Principal Amount USD ($)		Value
	Chemicals-Diversified — (continued)
294,750	Ineos Quattro Holdings UK Ltd., 2030 Tranche B Dollar Term Loan, 8.177% (Term SOFR + 375 bps), 3/14/30	$ 268,222
684,311	Ineos US Finance LLC, 2030 Dollar Term Loan, 7.577% (Term SOFR + 325 bps), 2/18/30	662,927
	Total Chemicals-Diversified	$2,311,634


	Chemicals-Specialty — 2.5%
729,442	Axalta Coating Systems U.S. Holdings, Inc., Term B-7 Dollar Loan, 6.049% (Term SOFR + 175 bps), 12/20/29	$ 732,482
599,191	Element Solutions, Inc. (Macdermid, Inc.), Tranche B-3 Term Loan, 6.077% (1 Month Term SOFR + 175 bps), 12/18/30	601,652
557,380	Mativ Holdings, Inc., Term B Loan, 8.191% (Term SOFR + 375 bps), 4/20/28	555,986
407,978	Minerals Technologies, Inc., Term B Loan, 6.329% (Term SOFR + 200 bps), 11/26/31	409,252
433,348	Nouryon Finance B.V., November 2024 B-1 Dollar Term Loan, 7.51% (Term SOFR + 325 bps), 4/3/28	434,973
395,017	Nouryon Finance B.V., November 2024 B-2 Dollar Term Loan, 7.55% (Term SOFR + 325 bps), 4/3/28	396,664
	Total Chemicals-Specialty	$3,131,009


	Commercial Services — 2.2%
491,262	AEA International Holdings (Luxembourg) S.a.r.l., First Lien New Term Loan, 7.049% (Term SOFR + 275 bps), 9/7/28	$ 493,719
252,000(b)	American Auto Auction Group LLC, First Lien 2025 Refinancing Term Loan , 5/28/32	252,630
992,500	DS Parent, Inc., Term Loan B, 9.799% (Term SOFR + 550 bps), 1/31/31	869,678
830,206	Jupiter Buyer, Inc., Initial Term Loan, 9.033% (Term SOFR + 475 bps), 11/1/31	833,838
332,500	Vestis Corp., Term B-1 Loan, 6.58% (Term SOFR + 225 bps), 2/22/31	317,745
	Total Commercial Services	$2,767,610


	Computer Data Security — 0.9%
1,136,688	Precisely Software, Inc., First Lien Third Amendment Term Loan, 8.541% (Term SOFR + 400 bps), 4/24/28	$ 1,066,591
	Total Computer Data Security	$1,066,591


	Computer Services — 3.6%
1,370,670	Ahead DB Holdings LLC, First Lien Term B-4 Loan, 7.299% (Term SOFR + 300 bps), 2/1/31	$ 1,373,347

Principal Amount USD ($)		Value
	Computer Services — (continued)
777,118	Amentum Holdings, Inc., Initial Term Loan, 6.577% (Term SOFR + 225 bps), 9/29/31	$ 774,527
884,555	Fortress Intermediate 3, Inc., Initial Term Loan, 7.827% (Term SOFR + 350 bps), 6/27/31	879,027
939,345	Peraton Corp., First Lien Term B Loan, 8.177% (Term SOFR + 375 bps), 2/1/28	816,349
665,000	Smartronix LLC, Term Loan, 8.799% (Term SOFR + 450 bps), 2/6/32	666,247
	Total Computer Services	$4,509,497


	Computer Software — 0.9%
1,212,500	Cornerstone OnDemand, Inc., First Lien Initial Term Loan, 8.191% (Term SOFR + 375 bps), 10/16/28	$ 1,118,279
	Total Computer Software	$1,118,279


	Computers-Integrated Systems — 0.3%
392,533	NCR Atleos Corp., New Term B Loan, 8.03% (Term SOFR + 375 bps), 4/16/29	$ 394,790
	Total Computers-Integrated Systems	$394,790


	Computers-Memory Devices — 0.8%
1,000,000	SanDisk Corp., Term Loan B, 7.321% (Term SOFR + 300 bps), 2/20/32	$ 991,250
	Total Computers-Memory Devices	$991,250


	Consulting Services — 1.4%
1,016,448	Ankura Consulting Group LLC, First Lien 2024-2 Repricing Term Loan, 7.803% (Term SOFR + 350 bps), 12/29/31	$ 1,012,255
734,061	First Advantage Holdings LLC, First Lien Term B-2 Loan, 7.577% (Term SOFR + 325 bps), 10/31/31	734,520
	Total Consulting Services	$1,746,775


	Containers-Paper & Plastic — 2.0%
1,020,164(b)	Clydesdale Acquisition Holdings, Inc., First Lien 2025 Incremental Closing Date Term B Loan, 7.548% (Term SOFR + 325 bps), 4/1/32	$ 1,013,576
9,185(b)	Clydesdale Acquisition Holdings, Inc., First Lien 2025 Incremental Delayed Draw Term B Loan, 7.548% (Term SOFR + 325 bps), 4/1/32	9,126
761,198	Pregis TopCo LLC, First Lien Tenth Amendment Term Loan , 8.327% (Term SOFR + 400 bps), 2/1/29	763,418

Principal Amount USD ($)		Value
	Containers-Paper & Plastic — (continued)
342,412	Ring Container Technologies Group LLC, 2024 Refinancing Term Loan, 7.077% (Term SOFR + 275 bps), 8/12/28	$ 343,161
396,000	SupplyOne, Inc., Term B Loan, 8.077% (Term SOFR + 375 bps), 4/19/31	397,881
	Total Containers-Paper & Plastic	$2,527,162


	Cruise Lines — 0.8%
622,506	Carnival Corp., 2025 Repricing Term Loan (2027), 6.325% (Term SOFR + 200 bps), 8/8/27	$ 624,062
388,050	LC Ahab US Bidco LLC, Second Amendment Incremental Term Loan, 7.327% (Term SOFR + 300 bps), 5/1/31	382,229
	Total Cruise Lines	$1,006,291


	Dialysis Centers — 1.3%
1,689,362	U.S. Renal Care, Inc., Closing Date Term Loan, 9.441% (Term SOFR + 500 bps), 6/20/28	$ 1,601,375
	Total Dialysis Centers	$1,601,375


	Direct Marketing — 0.5%
645,564	Red Ventures LLC (New Imagitas, Inc.), First Lien Term B-5 Loan, 7.077% (1 Month Term SOFR + 275 bps), 3/3/30	$ 561,640
	Total Direct Marketing	$561,640


	Disposable Medical Products — 0.7%
447,473	Medline Borrower LP, Third Amendment Incremental Term Loan, 6.577% (Term SOFR + 225 bps), 10/23/28	$ 447,417
367,624	Sotera Health Holdings LLC, 2024 Refinancing Term Loan, 7.549% (1 Month Term SOFR + 325 bps), 5/30/31	368,772
	Total Disposable Medical Products	$816,189


	Distribution & Wholesale — 3.0%
1,074,612	AIP RD Buyer Corp., First Lien Term B Loan, 8.327% (Term SOFR + 400 bps), 12/23/30	$ 1,077,299
609,000	Formulations Parent Corp. (aka Chase Corp.), Initial Term Loan, 8.21% (Term SOFR + 400 bps), 4/9/32	613,567
500,000(b)	Gloves Buyer, Inc., Initial Term Loan, 5/21/32	485,313
960,041	Olympus Water US Holding Corp., Term B-6 Dollar Loan, 7.299% (Term SOFR + 300 bps), 6/20/31	955,016
600,189	Windsor Holdings III LLC, 2025 Dollar Refinancing Term B Loan, 7.075% (Term SOFR + 275 bps), 8/1/30	599,345
	Total Distribution & Wholesale	$3,730,540

Principal Amount USD ($)		Value
	Enterprise Software & Services — (continued)
175,937	Open Text Corp., 2023 Replacement Term Loan, 6.077% (Term SOFR + 175 bps), 1/31/30	$ 176,127
628,666	Project Alpha Intermediate Holding, Inc., Second Amendment Refinancing Term Loan, 7.549% (Term SOFR + 325 bps), 10/26/30	631,269
	Total Enterprise Software & Services	$2,843,153


	Entertainment Software — 0.5%
647,409(b)	Playtika Holding Corp., Term B-1 Loan, 7.191% (Term SOFR + 275 bps), 3/13/28	$ 640,665
	Total Entertainment Software	$640,665


	Finance-Investment Banker — 1.5%
764,085	Citadel Securities LP, 2024-1 Term Loan, 6.327% (Term SOFR + 200 bps), 10/31/31	$ 767,309
682,854	Hudson River Trading LLC, Term B-1 Loan, 7.333% (Term SOFR + 300 bps), 3/18/30	685,415
358,200	Jefferies Finance LLC, Initial Term Loan, 7.325% (Term SOFR + 300 bps), 10/21/31	357,752
	Total Finance-Investment Banker	$1,810,476


	Food-Confectionery — 0.7%
893,261	Fiesta Purchaser, Inc., First Refinancing Term Loan, 7.577% (Term SOFR + 325 bps), 2/12/31	$ 894,378
	Total Food-Confectionery	$894,378


	Food-Dairy Products — 1.4%
1,671,436	Chobani LLC, 2025 New Term Loan, 6.827% (Term SOFR + 250 bps), 10/25/27	$ 1,679,584
	Total Food-Dairy Products	$1,679,584


	Food-Miscellaneous/Diversified — 0.8%
696,500	B&G Foods, Inc., Term B-5 Term Loan, 7.827% (Term SOFR + 350 bps), 10/10/29	$ 643,537
320,966	Savor Acquisition, Inc., Initial Term Loan, 7.577% (Term SOFR + 325 bps), 2/19/32	321,718
	Total Food-Miscellaneous/Diversified	$

SEC Form N-CSRS filed by Pioneer Floating Rate Fund Inc.