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About PGIM Floating Rate Income ETF
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Inception date
May 17, 2022
Structure
Open-Ended Fund
Replication method
Physical
Dividend treatment
Distributes
Distribution tax treatment
Ordinary income
Income tax type
Capital Gains
Max ST capital gains rate
39.60%
Max LT capital gains rate
20.00%
Primary advisor
PGIM Investments LLC
Distributor
Prudential Investment Management Services LLC
ISIN
US69344A8835
PFRL actively manages a portfolio composed of at least 80% senior floating rate loans and other floating rate debt securities. While floating rate loans are often characteristically below investment grade and shorter term, the fund can broadly invest in debt securities of any credit quality or maturity. The fund employs a combination of top-down economic analysis and bottom-up research, as well as proprietary quantitative models, and risk management systems. The sub-adviser also considers expected total return, yield, spread, and price appreciation potential, as well as credit quality, maturity, and risk. Up to 25% of the funds total assets in senior loans may be domiciled outside the United States, including those from emerging markets. The fund managers have full discretion to add, hold, or remove stocks from the portfolio at any time.
Classification
Returns
| 1 month | 3 months | Year to date | 1 year | 3 years | 5 years | |
|---|---|---|---|---|---|---|
| Price performance | — | — | — | — | — | — |
| NAV total return | — | — | — | — | — | — |
What's in the fund
Exposure type
Loans
Miscellaneous
Corporate
Securitized
Bonds, Cash & Other100.00%
Loans54.00%
Miscellaneous20.37%
Corporate11.36%
Securitized10.74%
Mutual fund2.65%
Government0.75%
Cash0.11%
Stock breakdown by region
North America96.13%
Asia3.12%
Europe0.75%
Latin America0.00%
Africa0.00%
Middle East0.00%
Oceania0.00%
Top 10 holdings
Dividends
Dividend payout history
Assets under management (AUM)
Fund Flows
Frequently Asked Questions
PFRL invests in bonds. The fund's major sectors are Corporate, with 11.36% stocks, and Securitized, with 10.74% of the basket. The assets are mostly located in the N/A region.
PFRL last dividends amounted to 0.32 USD. The month before, the issuer paid 0.33 USD in dividends, which shows a 4.82% decrease.
PFRL assets under management is 83.91 M USD. It's risen 7.58% over the last month.
PFRL fund flows account for 8.49 M USD (1 year). Many traders use this metric to get insight into investors' sentiment and evaluate whether it's time to buy or sell the fund.
Yes, PFRL pays dividends to its holders with the dividend yield of 7.80%. The last dividend (Sep 4, 2025) amounted to 0.32 USD. The dividends are paid monthly.
PFRL shares are issued by Prudential Financial, Inc. under the brand PGIM. The ETF was launched on May 17, 2022, and its management style is Active.
PFRL expense ratio is 0.72% meaning you'd have to pay 0.72% of your investment to help manage the fund.
PFRL follows the No Underlying Index. ETFs usually track some benchmark seeking to replicate its performance and guide asset selection and objectives.
PFRL invests in bonds.
PFRL price has fallen by −0.42% over the last month, and its yearly performance shows a −0.95% decrease. See more dynamics on PFRL price chart.
NAV returns, another gauge of an ETF dynamics, showed a 1.72% increase in three-month performance and has increased by 7.22% in a year.
NAV returns, another gauge of an ETF dynamics, showed a 1.72% increase in three-month performance and has increased by 7.22% in a year.
PFRL trades at a premium (0.08%) meaning the ETF is trading at a higher price than the calculated NAV.