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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 9.07  /  +0.19 %
  • Total Assets 2.0 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 —
  • Status Open
  • TTM Yield 9.01%
  • Effective Duration —

USD | NAV as of Apr 20, 2024 | 1-Day Return as of Apr 20, 2024, 12:21 AM 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.

Susceptible to some turbulence but a good trip nonetheless.

Director Eric Jacobson

Eric Jacobson

Director

Summary

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.

by Eric Jacobson
Rated on Published on

Unlock our full analysis with Morningstar Investor

Portfolio Holdings FRFZX

More FRFZX Holdings
  • 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