PFRLPGIM Floating Rate Income ETF

Get income4y track recordRanked #1,062 of 1,622 in this goal

Seeks to maximize current income and capital appreciation when consistent with this goal.

By PGIM · Launched 2022

Annual Cost

0.72%

#3,574 of 5,562 · average

Fund Size

$116M

#2,795 of 5,562 · mid-size

Dividend YieldGoal

7.42%

Track Record

4 years

#2,687 of 5,562 · seasoned

Performance

Total-return NAV · USD

Growth of $10,000

$10,645+6.4%

Total-return NAV, USD. Net of fund fees, before tax.

Classification

How Beacon categorizes this fund

Asset class

Fixed income

Region

North america

Strategy

Active selection

What it actually holds

By weight

Concentration

Top 10 holdings = 18.0% of fund✓ well diversified

(PIPA070) PGIM Core Government Money Market Fund

8.4%

PGIM Active High Yield Bond ETF - Old IO fund

1.8%

GOLDMAN SACHS GROUP INC

1.7%

BROOKFIELD PPTY RET HLD

1.2%

BANK OF AMERICA CORP

0.9%

CITIGROUP INC

0.9%

TORONTO-DOMINION BANK

0.8%

TORONTO-DOMINION BANK

0.8%

PPM Clo, Ltd.

0.8%

Battalion CLO LTD

0.8%

Asset allocation

Bonds

95.4%

Preferred

5.2%

Other

0.3%

Risk profile

Last 12 months · Sharpe & Sortino need 3+ years

Volatility (1Y)

1.9%Low

Year-on-year price swings

Max drawdown

-8.8%Mild

Worst peak-to-trough loss

Sharpe (3Y)

0.93Decent risk-adjusted returns

Sortino (3Y)

1.10Good downside protection

Bond profile

Duration

6.5 years

Credit ratings

US Government

0.4%

AAA

0.3%

16.4%

3.0%

BBB

9.6%

24.2%

39.3%

Below B

2.4%

Other

4.9%

Where to buy

Listing

Exchange: NYSE Arca

Full fund details

Objective: Seeks to maximize current income and capital appreciation when consistent with this goal.
Strategy: Invests primarily in floating rate loans and debt securities, using active management and economic analysis. Focuses on senior loans, including those rated below investment grade, and may invest in foreign securities.
Inception date: May 17, 2022
Fund family: PGIM