Morningstar

PGIM Floating Rate Income ETF PFRL

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub

Morningstar’s Analysis PFRL

Will PFRL outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PFRL’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PFRL management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PFRL’s parent organization’s priorities and whether they’re in line with investors’ interests.

Casting a wider net.

Senior Analyst Max Curtin

Max Curtin

Senior Analyst

Summary

PGIM Floating Rate Income is not your typical bank-loan strategy. Its expanded opportunity set and liquidity-management tactics set it apart from peers. Those nuances notwithstanding, PGIM’s proven credit process and standout leveraged-finance teams make this an attractive option for investors in search of floating-rate exposure and yield.

by Max Curtin
Rated on Published on

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Portfolio Holdings PFRL

More PFRL Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 9.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Prudential Govt Money Mkt Fd

7.32 10M
Cash and Equivalents

Goldman Sachs Group, Inc. 6.5%

1.57 2M
Corporate

Royal Bank of Canada 6.35%

1.41 2M
Corporate

PGIM Active High Yield Bond ETF

1.28 2M
—

Bank of Nova Scotia 7.35%

1.04 1M
Corporate

Ggp Retail Llc

0.88 1M
Corporate

JPMorgan Chase & Co. 6.1%

0.87 1M
Corporate

CARVAL CLO VI-C LTD

0.77 1M
Securitized

CIFC Funding 2022-V Ltd. 5.44286%

0.77 1M
Securitized

BRANT POINT CLO 2023-2 LTD 5.43284%

0.77 1M
Securitized

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