FRFAX – PGIM Floating Rate Income A Investment Strategy | Morningstar

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Strategy

The investment seeks to maximize current income; capital appreciation is a secondary consideration. The fund will invest at least 80% of its investable assets (net assets plus borrowings for investment purposes, if any) in floating rate loans and other floating rate debt securities. It may invest up to 20% of its total assets in senior loans that are not secured by any specific collateral. The fund may invest up to 25% of its total assets in senior loans made to foreign-domiciled borrowers and other foreign securities, including securities of issuers located in emerging market countries, which may be denominated in U.S. dollars or non-U.S. currencies.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
FRFZX	PGIM Floating Rate Income Fund- Class Z	Institutional	Open			Mar 30, 2011	$1.91B	0.700%	Below Average	$0	−$67.62M
FRFAX	PGIM Floating Rate Income Fund- Class A	Front Load	Open			Mar 30, 2011	$222.03M	0.950%	Low	$1,000	−$3.70M
FRFCX	PGIM Floating Rate Income Fund- Class C	Level Load	Open			Mar 30, 2011	$36.43M	1.700%	Below Average	$1,000	−$10.47M
PFRIX	PGIM Floating Rate Income Fund- Class R6	Retirement, Large	Open			Apr 27, 2015	$220.38M	0.650%	Below Average	$0	−$8.90M

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