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Morningstar

PGIM Floating Rate Income C FRFCX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 8.95  /  0.22 %
  • Total Assets 2.1 Bil
  • Adj. Expense Ratio
    1.700%
  • 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 8.35%
  • Effective Duration —

USD | NAV as of Oct 04, 2023 | 1-Day Return as of Oct 04, 2023, 10:13 PM GMT+0

Morningstar’s Analysis FRFCX

Will FRFCX outperform in 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 FRFCX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the FRFCX 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 FRFCX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Liquidity risks loom large.

Senior Analyst R.J. D'Ancona

R.J. D'Ancona

Senior Analyst

Summary

PGIM Floating Rate Income's outsize liquidity risks overshadow abundant resources and an analytically rigorous process. Its cheapest shares earn a Morningstar Analyst Rating of Neutral, while its priciest option is rated Negative.

by R.J. D'Ancona
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FRFCX

More FRFCX Holdings
  • Current Portfolio Date
  • Equity Holdings 5
  • Bond Holdings 393
  • Other Holdings 43
  • % Assets in Top 10 Holdings 13.1
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JPMorgan Chase & Co. 4.6%

3.08
65,714,075
Corporate

Citigroup Inc. 4.7%

2.37
50,495,614
Corporate

Bank of America Corporation 4.3%

1.46
31,056,024
Corporate

Usd/Gbp Fwd 20230905 Sbosus33

1.41
30,102,634
Derivative

Eur/Usd Fwd 20230905 0997

1.25
26,699,397
Derivative

Usd/Eur Fwd 20231003 0997

1.25
26,590,837
Derivative

Gbp/Usd Fwd 20230905 0997

1.19
25,333,188
Derivative

Prudential Govt Money Mkt Fd

1.19
25,280,505
Cash and Equivalents

Usd/Gbp Fwd 20231003 0997

1.18
25,241,548
Derivative

Usd/Eur Fwd 20230905 57918

1.08
23,059,901
Derivative