PGIM Floating Rate Income ETF
$49.36−0.06 (−0.11%)
- 0.72%
- $132M
- +6.1%
- 6.21%
- 0M sh
- $49.39
- low $48.60high $50.20
The ETF.net PFRL Grade
D
Score 34 out of 100
- 9 of 11
Score 34 of 100 falls in the D band. A is 70 or higher, B 55 to under 70, C 40 to under 55, D 25 to under 40, F under 25.
Cost
The fund’s net expense ratio, ranked against its category.F13 out of 100Rank 10 of 11Mission
Whether the fund did what it promised, tested against its stated mandate.D27 out of 100Rank 7 of 8Risk
How the fund held up when markets fell: downside volatility, drawdowns and tail loss.C49 out of 100Rank 7 of 11Tradability
How easy the fund is to trade: daily volume, and how far its price strays from net asset value.C52 out of 100Rank 6 of 11Holdings
How concentrated the fund is, and how complete and current its disclosed holdings are.B60 out of 100Rank 6 of 11Durability
Whether the fund is likely to stay open, judged by its age, its assets and its issuer’s assets.C45 out of 100Rank 7 of 11
Our read on PFRL
DSenior bank loans in ETF form, actively picked by PGIM's credit desk instead of cloned from an index. Coupons float with short-term rates, income lands monthly, and the fee sits right at the category median.
The Fund seeks to maximize current income, with capital appreciation as a secondary objective. It primarily invests in senior floating-rate loans.
Why people hold it
- Loan coupons reset with short-term rates, so the portfolio carries far less interest-rate sensitivity than a fixed-coupon bond fund. Income is paid monthly.
- The 0.72% expense ratio lands exactly at the median for bank-loan ETFs, and a hair under PIMCO's LONZ at 0.73%.
- Actively run against the S&P UBS Leveraged Loan Index rather than copying it: a focused book of roughly 150 loans chosen by PGIM's credit team.
Worth knowing
- Trading is thin next to the category's biggest loan funds, which can mean wider bid-ask spreads, particularly on larger orders.
- Cheaper doors into the same asset exist: Franklin's FLBL runs 0.45%. On overall build, PFRL sits in the lower half of its six-fund peer group.
- Leveraged loans are below-investment-grade credit, and floating coupons cut both ways: payouts shrink when short-term rates fall.
PFRL Holdings
- Bonds
- 423
- 16%
- (PIPA070) PGIM Core Government Money Market Fund
Sectors
- Communication95.1%
- Energy2.7%
- Technology2.1%
Geography
- United States73.45%
- Canada25.49%
- Malta0.56%
- Japan0.49%
PFRL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Not enough history yet.Not enough history yet.
PFRL$10,606
Returns run to the Oct 12, 2026 close, with cash distributions reinvested. Each period starts on the same date that many months or years earlier. Periods over one year show the average yearly return.
| Period | PFRL |
|---|---|
| Year to date | +3.9% |
| 1 month | −0.4% |
| 3 months | +1.1% |
| 1 year | +6.1% |
| 3 years | +7.8% |
| 5 years | — |
| 10 years | — |
Calendar-year total return with cash distributions hypothetically reinvested at the ex-dividend date’s closing price. The current year shows year to date.
| Year | Return bar | PFRL |
|---|---|---|
| 2026 YTD | +3.9% | |
| 2025 | +6.2% | |
| 2024 | +9.4% | |
| 2023 | +13.7% | |
| 2022 | +1.1% |
PFRL in the news
PFRL Dividends
- 6.21%
- $3.07
- $0.23 per share
- Monthly
Distribution history
PFRL Risk
- 2.6%
How it’s calculated: standard deviation
The sample standard deviation of monthly total returns, multiplied by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Total returns include reinvested distributions.
- 1.22
How it’s calculated: Sharpe ratio
Subtract each month’s Treasury-bill return from the fund’s monthly total return.
Divide the average of those excess returns by their sample standard deviation, then multiply by the square root of 12.
Uses up to 36 complete months, with at least 12 required. Each month uses the Treasury yield quoted at the end of the previous month.
- −8.8%
How it’s calculated: maximum drawdown
The largest percentage decline from an earlier peak, using total returns with reinvested distributions.
Uses up to five years through the last close, with at least 12 months required.
- 0.08
How it’s calculated: beta
The beta figure is supplied by FMP. The comparison index depends on the fund’s broad asset class.
PFRL Cost
0.72%
PFRL0.72%
- The middle half of Bank Loan funds
- Median 0.62%
9 of the 11 Bank Loan funds charge less.
Other funds in Bank Loan
- BFTSLFirst Trust Senior Loan FundExpense ratio 0.70%1 year return +3.9%
- CFLBLFranklin Senior Loan ETFExpense ratio 0.45%1 year return +3.3%
- CSRLNState Street Blackstone Senior Loan ETFExpense ratio 0.70%1 year return +5.3%
- CFLRTPacer Aristotle Pacific Floating Rate High Income ETFExpense ratio 0.60%1 year return +5.0%
- DLONZPIMCO Senior Loan Active Exchange-Traded FundExpense ratio 0.73%1 year return +5.2%