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Morningstar

PGIM Floating Rate Income Z FRFZX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 8.87  /  0.14 %
  • Total Assets 2.1 Bil
  • Adj. Expense Ratio
    0.700%
  • Expense Ratio 0.750%
  • Distribution Fee Level Below Average
  • Share Class Type Institutional
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 8.43%
  • Effective Duration —

USD | NAV as of Jun 06, 2023 | 1-Day Return as of Jun 06, 2023, 10:24 PM GMT+0

Morningstar’s Analysis FRFZX

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

People Pillar

The People Pillar is our evaluation of the FRFZX 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 FRFZX’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 FRFZX

More FRFZX Holdings
  • Current Portfolio Date
  • Equity Holdings 4
  • Bond Holdings 376
  • Other Holdings 44
  • % Assets in Top 10 Holdings 13.7
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

JPMorgan Chase & Co. 4.6%

3.21
72,348,366
Corporate

Citigroup Inc. 4.7%

2.19
49,387,270
Corporate

Usd/Eur Fwd 20230502 2568

1.52
34,329,357
Derivative

Bank of America Corporation 4.3%

1.52
34,197,774
Corporate

Usd/Eur Fwd 20230602 Scseus31

1.36
30,593,859
Derivative

Eur/Usd Fwd 20230502 Scseus31

1.36
30,585,675
Derivative

Gbp/Usd Fwd 20230502 57918

1.29
29,195,383
Derivative

Usd/Gbp Fwd 20230602 57918

1.28
28,952,334
Derivative

Usd/Gbp Fwd 20230502 Bnpafrpp

1.26
28,517,682
Derivative

Intelsat Jackson Hldg Term Loan Exit

1.13
25,501,049
Corporate