PGIM Floating Rate Income Fund- Class A (FRFAX)
| Fund Assets | 2.14B |
| Expense Ratio | 1.00% |
| Min. Investment | $1,000 |
| Turnover | 68.00% |
| Dividend (ttm) | 0.78 |
| Dividend Yield | 8.28% |
| Dividend Growth | -0.97% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Dec 31, 2024 |
| Previous Close | 9.15 |
| YTD Return | 0.22% |
| 1-Year Return | 8.72% |
| 5-Year Return | 26.75% |
| 52-Week Low | 9.00 |
| 52-Week High | 9.16 |
| Beta (5Y) | n/a |
| Holdings | 505 |
| Inception Date | Mar 30, 2011 |
About FRFAX
The fund will invest at least 80% of its investable assets (net assets plus borrowings for investment purposes, if any) in floating rate loans and other floating rate debt securities. It may invest up to 20% of its total assets in senior loans that are not secured by any specific collateral. The fund may invest up to 25% of its total assets in senior loans made to foreign-domiciled borrowers and other foreign securities, including securities of issuers located in emerging market countries, which may be denominated in U.S. dollars or non-U.S. currencies.
Performance
FRFAX had a total return of 8.72% in the past year. Since the fund's inception, the average annual return has been 4.27%, including dividends.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FFHCX | Fidelity | Fidelity Series Floating Rate High Income Fund | n/a |
Top 10 Holdings
16.69% of assets| Name | Symbol | Weight |
|---|---|---|
| Prudential Govt Money Mkt Fd | n/a | 3.25% |
| Bank of America Corp. 4.3% | BAC V4.3 PERP MM | 2.74% |
| Citigroup Inc. 4.7% | C V4.7 PERP V | 2.46% |
| The Toronto-Dominion Bank 7.25% | TD V7.25 07.31.84 | 1.40% |
| Eur/Usd Fwd 20241203 Scseus31 | n/a | 1.32% |
| Usd/Eur Fwd 20250110 Scseus31 | n/a | 1.30% |
| Citigroup Inc. 3.875% | C V3.875 PERP X | 1.17% |
| Usd/Eur Fwd 20241203 0997 | n/a | 1.13% |
| JPMorgan Chase & Co. 4% | JPM V4 PERP II | 1.03% |
| Goldman Sachs Group, Inc. 4.125% | GS V4.125 PERP V | 0.87% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Dec 31, 2024 | $0.05726 | Dec 31, 2024 |
| Nov 29, 2024 | $0.05729 | Nov 29, 2024 |
| Nov 22, 2024 | $0.00574 | Nov 22, 2024 |
| Oct 31, 2024 | $0.06149 | Oct 31, 2024 |
| Sep 30, 2024 | $0.06049 | Sep 30, 2024 |
| Aug 30, 2024 | $0.06774 | Aug 30, 2024 |