PGIM Floating Rate Income boasts a proven process and some of the best resources in the industry. It carries an Above Average People rating, and we are raising its Process rating to Above Average.
PGIM Floating Rate Income C FRFCX
- NAV / 1-Day Return 9.09 / +0.18 %
- Total Assets 2.1 Bil
-
Adj. Expense Ratio
- Expense Ratio 1.750%
- Distribution Fee Level Below Average
- Share Class Type Level Load
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 1,000
- Status Open
- TTM Yield 8.13%
- Effective Duration —
USD | NAV as of May 04, 2024 | 1-Day Return as of May 04, 2024, 12:13 AM GMT+0
Morningstar’s Analysis FRFCX
Will FRFCX outperform in future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
Parent Pillar
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 14.8
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
---|---|---|---|
JPMorgan Chase & Co. 4.6% | 3.01 | 61.2 Mil | Corporate |
Bank of America Corp. 4.3% | 2.77 | 56.4 Mil | Corporate |
Citigroup Inc. 4.7% | 2.70 | 54.9 Mil | Corporate |
Usd/Eur Fwd 20240402 57918 | 1.23 | 25.1 Mil | Derivative |
Usd/Eur Fwd 20240502 0997 | 1.23 | 25.1 Mil | Derivative |
Eur/Usd Fwd 20240402 0997 | 1.23 | 25.0 Mil | Derivative |
Texas Debt Cap Clo 2023-II ltd. / LLC 7.96781% | 0.93 | 19.0 Mil | Securitized |
Rad Clo 19 Ltd. / Rad Clo 19 LLC 7.96781% | 0.93 | 19.0 Mil | Securitized |
GOLUB CAPITAL PARTNERS CLO 68(B) LTD 8.12467% | 0.92 | 18.8 Mil | Securitized |
Goldman Sachs Group, Inc. 4.125% | 0.91 | 18.6 Mil | Corporate |