Morningstar

PGIM Floating Rate Income A FRFAX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 9.11  /  +0.02 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 1.000%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Bank Loan
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 8.79%
  • Effective Duration —

USD | NAV as of Oct 05, 2024 | 1-Day Return as of Oct 05, 2024, 12:49 AM GMT+0

Morningstar’s Analysis FRFAX

Will FRFAX 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 FRFAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the FRFAX 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 FRFAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

Susceptible to some turbulence but a good trip nonetheless.

Director Eric Jacobson

Eric Jacobson

Director

Summary

PGIM Floating Rate Income boasts a proven process and some of the best resources in the industry. It carries an Above Average People rating, and we are raising its Process rating to Above Average.

by Eric Jacobson
Rated on Published on

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Portfolio Holdings FRFAX

More FRFAX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 13.8
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Bank of America Corp. 4.3%

3.40 72.5 Mil
Corporate

Citigroup Inc. 4.7%

2.61 55.7 Mil
Corporate

The Toronto-Dominion Bank 7.25%

1.45 30.9 Mil
Corporate

Prudential Govt Money Mkt Fd

1.38 29.5 Mil
Cash and Equivalents

Usd/Eur Fwd 20241002 Scseus31

1.21 25.9 Mil
Derivative

Eur/Usd Fwd 20240903 Scseus31

1.20 25.6 Mil
Derivative

Usd/Eur Fwd 20240903 Scseus31

1.18 25.1 Mil
Derivative

Citigroup Inc. 3.875%

1.03 22.1 Mil
Corporate

Asp Unifrax Holdings Inc Term Loan B

0.90 19.2 Mil
Corporate

Rad Clo 19 Ltd. / Rad Clo 19 LLC 7.93201%

0.89 19.0 Mil
Securitized

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