PGIM Floating Rate Income ETF
PFRL
New York Stock Exchange Arca- -
USD
- -
- -
- -
- -
(- -)
Recent
price
- -
P/E
ratio
- -
div
yld
- -
ROIC.AI
Capital Structure
FRC
•
in mil. unless spec.Working Capital
FRC
•
in mil. unless spec.Growth Rates
FRC
•
in mil. unless spec.Quarterly Revenue
FRC
•
in mil. unless spec.Quarterly Earnings Per Share
FRC
•
in mil. unless spec.Quarterly Dividends Per Share
FRC
•
in mil. unless spec.- Similar Companies
- Business
- PGIM Floating Rate Income ETF (PFRL) is an actively managed exchange-traded fund that seeks to maximize current income, with a secondary objective of capital appreciation, by investing primarily in senior floating rate loans and other floating rate debt securities of any credit quality from issuers worldwide; at least 80% of its investable assets are allocated to floating rate loans with interest rates that adjust periodically based on benchmarks such as SOFR, LIBOR, or prime rates offered by major U.S. banks. The fund's portfolio is heavily weighted toward bank loans (70.3%), corporate debt (14.2%), and asset-backed securities (7.9%), with additional exposure to commercial MBS, non-agency MBS, and U.S. government-related securities; credit quality is predominantly in B-rated (41.1%) and BB-rated (24.7%) categories, targeting sectors including consumer non-cyclical, technology, health care, gaming, chemicals, and capital goods. PFRL trades on the NYSE Arca exchange under ticker PFRL (CUSIP 69344A883), benchmarks performance against the S&P UBS Leveraged Loan Index, and features a total annual expense ratio of 0.72%, low duration of 0.1 years, and average maturity of 9.5 years. Launched on May 17, 2022, by PGIM ETF Trust, a business unit of PGIM Investments, the fund is subadvised by PGIM Fixed Income—the largest public fixed income unit of PGIM, Inc., with $862 billion in assets under management as of March 31, 2025—and PGIM Limited; PGIM, Inc. serves as the principal asset management business of Prudential Financial, Inc., with headquarters in Newark, New Jersey, and global operations including offices in London, Amsterdam, Frankfurt, Zurich, Tokyo, Hong Kong, and Singapore. The fund is managed by a team from PGIM Fixed Income, including Managing Director and Head of U.S. Leveraged Loan Team Brian Juliano, Managing Director and Head of U.S. High Yield Robert Cignarella, and Principals Parag Pandya, Michael Haigh, and Robert W. Meyer. As of December 2025, net assets stand at approximately $101 million, with recent monthly dividends including $0.2588 per share ex-December 1, 2025, contributing to a 2025 total distribution of $3.7821; the fund has maintained consistent monthly payouts since inception, alongside year-end capital gains distributions in prior years, reflecting steady operational performance amid ongoing portfolio management by its experienced subadvisers.