PFRLPGIM Floating Rate Income ETF
Maximizes current income and seeks capital appreciation when consistent with primary objective.
By PGIM · Launched 2022
Annual Cost
0.72%
#3,860 of 6,040 · average
Fund Size
$125M
#2,876 of 6,040 · mid-size
Return (1Y)
+5.6%
Track Record
4 years
#2,638 of 6,040 · seasoned
Performance
Total-return NAV · USDGrowth of $10,000
$10,572+5.7%
Total-return NAV, USD. Net of fund fees, before tax.
What's inside
How Beacon categorizes this fundHoldings
By weightConcentration
Top 10 holdings = 15.2% of funddiversified
(PIPA070) PGIM Core Government Money Market Fund
4.4%
PGIM ETF Trust
1.6%
Royal Bank of Canada
1.6%
Bank of America Corp.
1.4%
Bank of Nova Scotia
1.3%
Goldman Sachs Group, Inc.
1.1%
Brookfield Properties Retail Holding (GGP)
1.1%
AGL CORE CLO
0.9%
Carval CLO LTD
0.9%
Park Avenue Institutional Advisers CLO Ltd 2019-2
0.9%
Asset allocation
Bonds
93.0%
Preferred
6.7%
Other
0.3%
Cash
0.0%
Stocks
0.0%
Risk profile
Last 12 months · Sharpe & Sortino need 3+ yearsVolatility (1Y)
2.1%Low
Year-on-year price swings
Max drawdown
-8.8%Mild
Worst peak-to-trough loss
Sharpe (3Y)
0.72Decent risk-adjusted returns
Sortino (3Y)
0.85Moderate downside risk
Bond profile
Duration
6.2 years
Credit ratings
US Government
0.3%
AAA
0.9%
AA
14.3%
A
3.1%
BBB
10.8%
BB
25.0%
B
39.4%
Below B
2.7%
Other
3.9%
Listing
- Exchange
- NYSE Arca
Full fund details
- Objective
- Maximizes current income and seeks capital appreciation when consistent with primary objective.
- Strategy
- Actively manages a portfolio primarily invested in floating rate loans and other floating rate debt securities, including senior loans rated below investment grade. Engages in active trading to capitalize on market opportunities, with up to 25% in foreign securities, including emerging markets.
- Inception date
- May 17, 2022
- Fund family
- PGIM
Similar funds
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Data updated on 2026-09-18