PGIM Floating Rate Income ETFPGIM Floating Rate Income ETFPGIM Floating Rate Income ETF

PGIM Floating Rate Income ETF

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Key stats


Assets under management (AUM)
‪81.42 M‬USD
Fund flows (1Y)
‪8.50 M‬USD
Dividend yield (indicated)
7.79%
Discount/Premium to NAV
0.1%
Shares outstanding
‪1.63 M‬
Expense ratio
0.72%

About PGIM Floating Rate Income ETF


Brand
PGIM
Home page
Inception date
May 17, 2022
Structure
Open-Ended Fund
Index tracked
No Underlying Index
Replication method
Physical
Management style
Active
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


Asset Class
Fixed income
Category
Corporate, bank loans
Focus
Broad credit
Niche
Floating rate
Strategy
Active
Geography
Global
Weighting scheme
Proprietary
Selection criteria
Proprietary

Returns


1 month3 monthsYear to date1 year3 years5 years
Price performance
NAV total return

What's in the fund


As of September 4, 2025
Exposure type
Bonds, Cash & Other
Loans
Miscellaneous
Corporate
Bonds, Cash & Other100.00%
Loans54.57%
Miscellaneous19.37%
Corporate10.70%
Securitized8.88%
Mutual fund5.56%
Government0.78%
Cash0.13%
Stock breakdown by region
95%0.8%3%
North America95.79%
Asia3.39%
Europe0.82%
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 10.70% stocks, and Securitized, with 8.88% 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 ‪81.42 M‬ USD. It's risen 4.97% over the last month.
PFRL fund flows account for ‪8.50 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 7.79%. 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 risen by 0.42% over the last month, and its yearly performance shows a −0.32% decrease. See more dynamics on PFRL price chart.
NAV returns, another gauge of an ETF dynamics, showed a 2.41% increase in three-month performance and has increased by 7.91% in a year.
PFRL trades at a premium (0.11%) meaning the ETF is trading at a higher price than the calculated NAV.