PGIM Floating Rate Income ETF (PFRL)
ARCA ARCA Primary Summary
PFRL Chart
PFRL: Poor Risk Reward At A 5.7% Yield
The PGIM Floating Rate Income ETF targets senior floating rate loans, offering exposure to leveraged corporate credit. PFRL's portfolio is 70% bank loans, 14% corporates, and 8% ABS, emphasizing non-traditional fixed income diversification. With a 30-day SEC yield of 5.7%, PFRL's income potential is pressured by anticipated Fed rate cuts.
PFRL: Floating Rate Income ETF Offers A Stable High Yield Without NAV Erosion
PGIM Floating Rate Income ETF offers high current income and potential capital appreciation by investing primarily in senior floating rate loans. The PFRL ETF's portfolio is diversified, consisting mostly of bank loans, and has outperformed peers with a YTD return of over 8% and a one-year total return of 10.76%. Despite potential rate cuts, PFRL remains attractive due to its ability to adjust loan rates and maintain stable NAV, making it a compelling income investment.
PGIM Floating Rate Income ETF Investors
| Name | Quantity | Cost | Value | Profit ($) | Gain (%) |
|---|---|---|---|---|---|
| DC Diane Collins Rovin Capital /UT/ /ADV | 71,268 | $3.56M | $3.53M | -$25,213.51 | -0.71% |
| CAL CoreCap Advisors LLC CoreCap Advisors LLC | 640 | $32,563.76 | $31,731.2 | -$832.56 | -2.56% |
 Joseph C. Gissy Tactive Advisors, LLC | 8,262 | $413,192.74 | $409,464.72 | -$3,728.02 | -0.9% |
 Focus Financial Network Inc. Focus Financial Network, Inc. | 13,949 | $692,917 | $691,312.44 | -$1,604.56 | -0.23% |
| SCL Stance Capital LLC Stance Capital LLC | 882 | $42,959 | $43,703.1 | $744.1 | 1.73% |
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PGIM Floating Rate Income ETF Profile
| ARCA Exchange | US Country |
Overview
The fund primarily focuses on investing a significant portion of its assets in floating rate loans and other types of floating rate debt securities. With a strategy designed to navigate through varying market conditions, the fund opts for investments that offer income primarily from the interest payments of these floating rate instruments. These are financial tools whose interest rates adjust periodically based on market conditions, providing a hedge against interest rate risks. The fund aims to leverage the benefits of floating rate loans, including higher interest income during periods of rising interest rates, reduced sensitivity to rate changes, and a level of protection against credit risk, to fulfill its investment objectives.
Products and Services
- Floating Rate Loans and Debt Securities
The fund's cornerstone investment product involves floating rate loans and other debt securities. These instruments have variable interest rates that move with market benchmarks, such as the LIBOR or prime rate, making them appealing in environments where interest rates are expected to rise. The fund focuses on these securities to capitalize on their potential for income and protection against the risk of increasing interest rates.
- Foreign-Domiciled Borrower Investments
Up to 25% of the fund's total assets may be invested in senior loans extended to borrowers domiciled outside the United States or in other foreign securities. This includes securities issued by companies in emerging market countries, which may be denominated in either U.S. dollars or non-U.S. currencies. This diversification strategy aims to tap into the growth potential of foreign markets and companies, possibly achieving higher returns compared to domestic investments alone, while also exposing the fund to additional risks related to foreign exchange and geopolitical uncertainties.
