PGIM Floating Rate Income Fund- Class C (FRFCX)
NASDAQ · Mutual Fund
· Delayed Price · Currency is USD
9.09
0.00 (0.00%)
Sep 11, 2024, 4:00 PM EDT
0.66% (1Y)
| Fund Assets | 2.07B |
| Expense Ratio | 1.75% |
| Min. Investment | $1,000 |
| Turnover | 68.00% |
| Dividend (ttm) | 0.74 |
| Dividend Yield | 8.09% |
| Dividend Growth | 0.04% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Aug 30, 2024 |
| Previous Close | 9.09 |
| YTD Return | 3.79% |
| 1-Year Return | 7.08% |
| 5-Year Return | 20.13% |
| 52-Week Low | 8.89 |
| 52-Week High | 9.16 |
| Beta (5Y) | n/a |
| Holdings | 488 |
| Inception Date | Mar 30, 2011 |
About FRFCX
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.
Fund Family PGIM Investments
Category Bank Loan
Performance Rating Average
Risk Rating High
Stock Exchange NASDAQ
Ticker Symbol FRFCX
Index Index is not available on Lipper Database
Performance
FRFCX had a total return of 7.08% in the past year. Since the fund's inception, the average annual return has been 3.34%, including dividends.
Top 10 Holdings
16.14% of assets| Name | Symbol | Weight |
|---|---|---|
| Bank of America Corp. 4.3% | BAC V4.3 PERP MM | 3.09% |
| Citigroup Inc. 4.7% | C V4.7 PERP V | 2.51% |
| Prudential Govt Money Mkt Fd | n/a | 2.25% |
| JPMorgan Chase & Co. 4.6% | JPM V4.6 PERP HH | 1.64% |
| The Toronto-Dominion Bank 7.25% | TD V7.25 07.31.84 | 1.38% |
| Usd/Eur Fwd 20240903 Scseus31 | n/a | 1.14% |
| Eur/Usd Fwd 20240802 Scseus31 | n/a | 1.14% |
| Usd/Eur Fwd 20240802 0997 | n/a | 1.13% |
| Citigroup Inc. 3.875% | C V3.875 PERP X | 0.99% |
| Rad Clo 19 Ltd. / Rad Clo 19 LLC 7.93201% | RAD 2023-19A B | 0.87% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Aug 30, 2024 | $0.062 | Aug 30, 2024 |
| Jul 31, 2024 | $0.06096 | Jul 31, 2024 |
| Jun 28, 2024 | $0.05677 | Jun 28, 2024 |
| May 31, 2024 | $0.06214 | May 31, 2024 |
| Apr 30, 2024 | $0.05886 | Apr 30, 2024 |
| Mar 28, 2024 | $0.06328 | Mar 28, 2024 |