PGIM Floating Rate Income Fund- Class Z

Frequently Asked Questions About FRFZX

What does FRFZX invest in?

The fund primarily aims to invest in floating rate debt instruments. At least 80% of its investable capital, defined as net assets combined with any investment-related borrowings, will be allocated to floating rate loans and other comparable debt securities. The portfolio may also include up to 20% of its total assets in senior loans that are not secured by specific collateral. Additionally, the fund has the flexibility to dedicate up to 25% of its total assets to international securities, including senior loans to foreign borrowers. These foreign investments may originate from emerging market countries and can be denominated in either U.S. dollars or other non-U.S. currencies.

What is the expense ratio of FRFZX?

PGIM Floating Rate Income Fund- Class Z (FRFZX) charges an expense ratio of 0.85%. This is the annual fee deducted from fund assets to cover management and operations.

What is FRFZX's dividend yield?

FRFZX's trailing-twelve-month yield is 7.31%, calculated from the sum of dividends over the past year divided by the current price.

How big is FRFZX?

PGIM Floating Rate Income Fund- Class Z (FRFZX) manages $2.03B in total assets. AUM determines bid-ask liquidity and the fund's vulnerability to closure — funds below ~$50M are at higher risk of liquidation.

Is FRFZX actively managed or an index fund?

FRFZX's management style is described in the fund's prospectus. See the description on the Summary tab for the published strategy.

When was FRFZX launched?

PGIM Floating Rate Income Fund- Class Z (FRFZX) launched in March 2011 and is managed by the fund issuer.