PGIM Floating Rate Income Fund (PFRIX)
| Fund Assets | 2.03B |
| Expense Ratio | 0.71% |
| Min. Investment | $0.00 |
| Turnover | 53.00% |
| Dividend (ttm) | 0.65 |
| Dividend Yield | 7.35% |
| Dividend Growth | -8.06% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jun 30, 2026 |
| Previous Close | 8.91 |
| YTD Return | 2.83% |
| 1-Year Return | 5.57% |
| 5-Year Return | 28.81% |
| 52-Week Low | 8.80 |
| 52-Week High | 9.10 |
| Beta (5Y) | 0.43 |
| Holdings | 475 |
| Inception Date | Apr 27, 2015 |
About PFRIX
PGIM Floating Rate Income Fund - Class R6 is a mutual fund designed to maximize current income through investment in senior floating rate loans and related fixed income securities. The fund maintains a diversified portfolio with approximately 62% allocated to bank loans, supplemented by asset-backed securities, corporate debt, and commercial mortgage-backed securities. Its holdings span multiple sectors, with significant exposure to banking, technology, consumer non-cyclical, and healthcare industries. The fund provides monthly dividend distributions and employs active management strategies including security selection, sector rotation, and duration management. With net assets of approximately $2.2 billion, the fund is managed by PGIM Fixed Income, part of Prudential Financial's asset management division. The Class R6 share class features low expense ratios and is distributed monthly to investors seeking enhanced income diversification beyond traditional fixed income investments. The fund's floating rate structure helps provide potential protection in rising interest rate environments, making it suitable for income-focused investors.
Performance
PFRIX had a total return of 5.57% in the past year, including dividends. Since the fund's inception, the average annual return has been 5.28%.
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
14.09% of assets| Name | Symbol | Weight |
|---|---|---|
| Prudential Govt Money Mkt Fd | n/a | 3.22% |
| Usd/Eur Fwd 20260602 2568 | n/a | 1.43% |
| Eur/Usd Fwd 20260602 0997 | n/a | 1.42% |
| Usd/Eur Fwd 20260702 0997 | n/a | 1.42% |
| Bank of Nova Scotia 7.35% | BNS.V7.35 04.27.85 | 1.41% |
| Ggp Retail Llc | n/a | 1.20% |
| JPMorgan Chase & Co. 6.43675% | JPM.V0 PERP II | 1.13% |
| Rad Clo 19 Ltd. / Rad Clo 19 LLC 5.62523% | n/a | 0.98% |
| Battalion Clo Xi Ltd 5.41709% | n/a | 0.98% |
| Asurion Llc | n/a | 0.91% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jun 30, 2026 | $0.04626 | Jun 30, 2026 |
| May 29, 2026 | $0.04841 | May 29, 2026 |
| Apr 30, 2026 | $0.04729 | Apr 30, 2026 |
| Mar 31, 2026 | $0.05025 | Mar 31, 2026 |
| Feb 27, 2026 | $0.04448 | Feb 27, 2026 |
| Jan 30, 2026 | $0.05009 | Jan 30, 2026 |