Morningstar

PGIM Floating Rate Income ETF PFRL

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub

Morningstar’s Analysis PFRL

Will PFRL outperform in future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PFRL’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PFRL management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PFRL’s parent organization’s priorities and whether they’re in line with investors’ interests.

PGIM Floating Rate Income ETF boasts strong People and Process Pillar ratings, but other weaknesses hold this strategy's Morningstar Medalist Rating at Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PFRL

More PFRL Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 0.5
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Prudential Govt Money Mkt Fd

4.26 3.0 Mil
Cash and Equivalents

Bank of America Corp. 4.3%

3.18 2.3 Mil
Corporate

Citigroup Inc. 3.875%

2.79 2.0 Mil
Corporate

Royal Bank of Canada 7.5%

2.63 1.9 Mil
Corporate

B8acypclx

2.13 1.5 Mil
—

Citigroup Inc. 4.7%

2.10 1.5 Mil
Corporate

The Toronto-Dominion Bank 7.25%

1.43 1.0 Mil
Corporate

JPMorgan Chase & Co. 4%

1.39 985,061
Corporate

B8acyu6y1

1.07 759,551
—

Wells Fargo & Co. 3.9%

0.99 704,364
Corporate

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