PFRL
PGIM Floating Rate Income ETF
📎 Investment Objective
The PGIM Floating Rate Income ETF (PFRL) seeks to provide a high level of current income by investing primarily in floating rate loans and other floating rate debt securities.
Overview
ETF tracking PGIM Floating Rate Income ETF
Performance
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Investment Summary
📎 Investment Objective
The PGIM Floating Rate Income ETF (PFRL) seeks to provide a high level of current income by investing primarily in floating rate loans and other floating rate debt securities.
🎯 Investment Strategy
The fund invests at least 80% of its net assets in floating rate loans and other floating rate debt securities. The portfolio managers use fundamental credit research to identify investment opportunities and manage risk.
✨ Key Features
- Focuses on floating rate loans and other floating rate debt securities to provide current income
- Actively managed by experienced portfolio managers
- Aims to provide a hedge against rising interest rates
- Relatively low expense ratio of 0.00%
⚠️ Primary Risks
- Credit risk: The fund is exposed to the risk of default or downgrade of the underlying debt securities
- Interest rate risk: Floating rate securities can still be impacted by changes in interest rates
- Liquidity risk: The fund may have difficulty selling certain illiquid or less liquid securities
- Sector concentration risk: The fund may be more susceptible to developments in certain sectors
👤 Best For
The PGIM Floating Rate Income ETF may be suitable for investors seeking current income and a hedge against rising interest rates, with a medium to long-term investment horizon and a moderate risk tolerance.