PGIM Floating Rate Income ETF
$49.94+0.01 (+0.03%)
- Expense ratio
- 0.72%
- Fund size
- $127M
- 1Y return
- +6.0%
- Yield · Last 12 months
- 6.29%
- Volume · 30D
- 0M sh
- NAV per share
- $49.89
- 52W range
The ETF.net PFRL Grade
Score 36 of 100 sits in the D band. Bands: A ≥ 70, B ≥ 55, C ≥ 40, D ≥ 25, F < 25; the scale skips E.
Cost
What you pay to own it — the expense ratio plus trading frictions, ranked within its category.FScore 13Category rankMission
How faithfully it does the job it claims — tracking its mandate or index with minimal slippage.DScore 30Category rankRisk
How violently it can move — volatility, drawdown depth, and downside capture versus its category.CScore 47Category rankTradability
How cheaply and easily you can get in and out — liquidity, spread, and premium/discount stability.BScore 57Category rankHoldings
What it actually owns — the quality, breadth, and concentration of the underlying portfolio.AScore 71Category rankDurability
Whether it will still be here — the fund’s assets, age, flows, and issuer staying power.CScore 45Category rank
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
- —
- 15%
- (PIPA070) PGIM Core Government Money Market Fund
Sectors
- Communication94.4%
- Energy3.2%
- Technology2.4%
Geography
- United States71.76%
- Canada27.10%
- Malta0.57%
- Japan0.57%
PFRL Performance
Shows how $10,000 changes over the selected period, with cash distributions reinvested at the closing price on each ex-dividend date.
Returns run to the Sep 22, 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 | +4.4% |
| 1 month | +0.7% |
| 3 months | +2.0% |
| 1 year | +6.0% |
| 3 years | +7.7% |
| 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 | +4.4% | |
| 2025 | +6.2% | |
| 2024 | +9.4% | |
| 2023 | +13.7% | |
| 2022 | +1.1% |
PFRL in the news
ETF.net Research hasn’t filed on PFRL yet — coverage lands here as it’s written.
PFRL Dividends
- 6.29%
- $3.14
- $0.25 per share
- Monthly
Distribution history
| Ex-date | Pay date | Amount per share |
|---|---|---|
| Aug 31, 2026 | Sep 2, 2026 | $0.25 |
| Jul 31, 2026 | Aug 4, 2026 | $0.24 |
| Jun 30, 2026 | Jul 2, 2026 | $0.23 |
| May 29, 2026 | Jun 2, 2026 | $0.23 |
| Apr 30, 2026 | May 4, 2026 | $0.25 |
| Mar 31, 2026 | Apr 2, 2026 | $0.25 |
| Mar 2, 2026 | Mar 4, 2026 | $0.23 |
| Feb 2, 2026 | Feb 4, 2026 | $0.24 |
| Dec 30, 2025 | Jan 2, 2026 | $0.42 |
| Dec 1, 2025 | Dec 3, 2025 | $0.26 |
| Nov 3, 2025 | Nov 5, 2025 | $0.25 |
| Oct 1, 2025 | Oct 3, 2025 | $0.30 |
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
- The middle half of Bank Loan funds
- Median 0.62%
9 of the 11 Bank Loan funds charge less.