# PGIM Floating Rate Income Fund- Class Z (FRFZX): Mutual Fund Facts & Distributions > Markdown mirror of https://www.dividenddata.com/funds/frfzx for AI agents. Same live data as the HTML page, regenerated on the same refresh cycle. Not investment advice. - Issuer: PGIM · Asset class: Equity - Strategy: Thematic · Inception: 2011-03-31 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 mar... ## Key Facts | Metric | Value | |---|---| | Price | $8.81 | | Expense Ratio | 0.76% | | Assets Under Management | $2.01B | | NAV | $8.81 | | Holdings Count | — | | Distribution Yield (TTM) | 7.09% | | Annual Distribution (TTM) | $0.62 /share | | Distribution Frequency | Monthly | | 52-Week Range | $8.80 – $9.00 | | Beta | 0.11 | ## Latest Distribution - Amount: $0.0449 /share - Ex-date: 2026-09-30 - Pay date: 2026-09-30 ## Frequently Asked Questions ### 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 0.76%. 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 7.09%, 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 $2.01B 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 PGIM. ### Does FRFZX pay a dividend? Yes, PGIM Floating Rate Income Fund- Class Z (FRFZX) distributes dividends to shareholders. The trailing-twelve-month yield is 7.09%. Full dividend history is on this page. ### How often does FRFZX pay dividends? PGIM Floating Rate Income Fund- Class Z pays dividends Monthly. Each ex-dividend date, record date, and payment date is listed in the dividend history table on this page. ### When is FRFZX's next ex-dividend date? The most recently announced ex-dividend date for FRFZX was 2026-09-30. The next ex-date typically follows Monthly; once announced it appears at the top of the dividend history table on this page. ### How much will FRFZX's expense ratio cost me over 30 years? On a $10,000 investment compounding at 7% gross return, a 0.76% expense ratio quietly compounds against your balance every year. The Fee Compounding Forecast card above projects the dollar drag for any holding period and assumption you pick. The typical result for a 1.0% expense ratio on a 30-year hold is roughly 25% of the final balance lost to fees. ### How does FRFZX charge its expense ratio? The expense ratio is deducted in tiny daily slices from FRFZX's net asset value (NAV). You never see a bill. The price quoted on every exchange is already net of fees. There's no "fee day" to avoid; the cost is continuous and built into the trading price. ### Why does FRFZX cost more than a fund like VOO? FRFZX's strategy (current expense ratio 0.76%) is different from a broad-market index tracker like VOO, so its fee belongs to a different cohort. The Cost Verdict card above shows you where FRFZX sits within its own category, which is the comparison that actually matters. ### Are there cheaper alternatives to FRFZX? The Lower-Fee Alternatives card above lists mutual funds following the same investment strategy as FRFZX (0.76%) but at a lower expense ratio. Each row shows the fee gap, the peer's AUM as a liquidity sanity-check, and a direct link to that fund's analysis page. Cheaper price doesn't automatically mean better. Verify the peer holds what you actually want. ## More on Dividend Data - Overview (HTML): https://www.dividenddata.com/funds/frfzx - Distribution history: https://www.dividenddata.com/funds/frfzx/dividend - Holdings & diversification: https://www.dividenddata.com/funds/frfzx/diversification - Fees & cheaper alternatives: https://www.dividenddata.com/funds/frfzx/expenses - Peer comparison: https://www.dividenddata.com/funds/frfzx/peers Data sourced from primary filings and market data providers; see https://www.dividenddata.com/methodology.