PGIM Floating Rate Income is not your typical bank-loan strategy. Its expanded opportunity set and liquidity-management tactics set it apart from peers. Those nuances notwithstanding, PGIM’s proven credit process and standout leveraged-finance teams make this an attractive option for investors in search of floating-rate exposure and yield.
PGIM Floating Rate Income Fund- Class R6 PFRIX
- NAV / 1-Day Return 8.90 / 0.00
- Total Assets 2.0B
-
Adj. Expense Ratio
0.590%
- Expense Ratio 0.720%
- Distribution Fee Level Low
- Share Class Type Retirement, Large
- Category Bank Loan
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment 0
- Status Open
- TTM Yield 7.43%
- Effective Duration —
USD | NAV as of Jun 12, 2026 | 1-Day Return as of Jun 12, 2026, 12:54 AM GMT+0
Morningstar’s Analysis PFRIX
Will PFRIX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
People Pillar
The People Pillar is our evaluation of the PFRIX 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 PFRIX’s parent organization’s priorities and whether they’re in line with investors’ interests.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 8.9
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
Prudential Govt Money Mkt Fd | 2.94 | 59M | Cash and Equivalents |
Eur/Usd Fwd 20260512 2568 | 1.45 | 29M | Derivative |
Usd/Eur Fwd 20260602 2568 | 1.45 | 29M | Derivative |
Usd/Eur Fwd 20260512 Mslngb2x | 1.44 | 29M | Derivative |
Bank of Nova Scotia | 1.41 | 28M | Corporate |
Ggp Retail Llc | 1.21 | 24M | Corporate |
JPMorgan Chase & Co. | 1.14 | 23M | Corporate |
Rad Clo 19 Ltd. / Rad Clo 19 LLC | 1.00 | 20M | Securitized |
Battalion Clo Xi Ltd | 0.99 | 20M | Securitized |
Asurion Llc | 0.93 | 19M | Corporate |
United States