PGIM Floating Rate Income ETF

Frequently Asked Questions About PFRL

What does PFRL invest in?

The PGIM Floating Rate Income ETF (PFRL) is primarily designed to generate a significant stream of current income, with a secondary goal of increasing the initial investment's value over time. It achieves these objectives by predominantly allocating its assets to senior floating rate loans. This fund may be an attractive option for investors aiming to broaden their portfolio's diversification beyond conventional fixed-income securities.

What is the expense ratio of PFRL?

PGIM Floating Rate Income ETF (PFRL) charges an expense ratio of 0.72%. This is the annual fee deducted from fund assets to cover management and operations.

What is PFRL's dividend yield?

PFRL's trailing-twelve-month yield is 7.27%, calculated from the sum of dividends over the past year divided by the current price.

What is the duration of PFRL?

Effective duration measures PFRL's sensitivity to interest-rate changes — a duration of 6 means a 1% rate move shifts NAV by roughly 6% in the opposite direction. PFRL's current duration is published on the fund's factsheet on the issuer's website.

What is the credit quality of PFRL?

PFRL's credit quality breakdown — the share of holdings rated AAA through CCC and below — is published on the fund's factsheet. Higher-quality (investment-grade) funds yield less but carry less default risk than high-yield / junk bond funds.

What is the yield to maturity of PFRL?

Yield to maturity (YTM) is the total return you'd earn from PFRL if every bond in the portfolio is held to maturity at the current price. PFRL's YTM is published on the fund's factsheet on the issuer's website — it differs from the trailing-12-month yield because YTM reflects current bond prices rather than historical income paid.