PFLT Quick Update: Q1 2021

PennantPark Floating Rate Capital (PFLT) remains a component in the ‘Recommended Higher Yield’ portfolio. Over the last ~6 years, PFLT has provided me with annualized returns of almost 11%. It should be noted that PFLT is a lower-yielding BDC and I expect lower returns due to its safer portfolio. The “Annualized” return shown does not use a simple avera…