PGIM Floating Rate Income Fund
Name
As of 05/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
3.6%
1 yr return
12.9%
3 Yr Avg Return
5.1%
5 Yr Avg Return
4.9%
Net Assets
$2.04 B
Holdings in Top 10
15.5%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 0.76%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 43.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 05/06/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
PFRIX - Profile
Distributions
- YTD Total Return 3.6%
- 3 Yr Annualized Total Return 5.1%
- 5 Yr Annualized Total Return 4.9%
- Capital Gain Distribution Frequency N/A
- Net Income Ratio 3.62%
- Dividend Yield 8.8%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePGIM Floating Rate Income Fund
-
Fund Family NamePRUDENTIAL
-
Inception DateApr 27, 2015
-
Shares OutstandingN/A
-
Share ClassR6
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerBrian Juliano
Fund Description
PFRIX - Performance
Return Ranking - Trailing
Period | PFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.6% | -1.7% | 4.6% | 31.42% |
1 Yr | 12.9% | -4.5% | 15.7% | 4.60% |
3 Yr | 5.1%* | -5.5% | 7.3% | 32.26% |
5 Yr | 4.9%* | -7.0% | 37.4% | 8.55% |
10 Yr | N/A* | -2.0% | 19.4% | 13.46% |
* Annualized
Return Ranking - Calendar
Period | PFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 4.2% | -12.0% | 11.1% | 11.11% |
2022 | -9.4% | -22.9% | 5.1% | 75.20% |
2021 | 2.0% | -12.2% | 11.1% | 17.34% |
2020 | -1.1% | -14.1% | 289.8% | 13.92% |
2019 | 1.8% | -8.1% | 7.5% | 69.00% |
Total Return Ranking - Trailing
Period | PFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | 3.6% | -1.7% | 4.6% | 31.42% |
1 Yr | 12.9% | -4.5% | 15.7% | 4.60% |
3 Yr | 5.1%* | -5.5% | 7.3% | 32.26% |
5 Yr | 4.9%* | -7.0% | 37.4% | 8.55% |
10 Yr | N/A* | -2.0% | 19.4% | 13.88% |
* Annualized
Total Return Ranking - Calendar
Period | PFRIX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 14.9% | -12.0% | 22.1% | 8.43% |
2022 | -3.1% | -22.9% | 5.1% | 67.32% |
2021 | 6.2% | -10.2% | 11.1% | 15.32% |
2020 | 5.1% | -14.1% | 306.9% | 4.22% |
2019 | 7.5% | -3.6% | 10.5% | 51.97% |
NAV & Total Return History
PFRIX - Holdings
Concentration Analysis
PFRIX | Category Low | Category High | PFRIX % Rank | |
---|---|---|---|---|
Net Assets | 2.04 B | 29.9 M | 13.5 B | 22.71% |
Number of Holdings | 443 | 2 | 1358 | 28.06% |
Net Assets in Top 10 | 318 M | -191 M | 2.48 B | 23.32% |
Weighting of Top 10 | 15.53% | 5.2% | 100.8% | 45.24% |
Top 10 Holdings
- JPMorgan Chase Co 3.16%
- Citigroup Inc 2.64%
- Bank of America Corp 2.20%
- (PIPA070) PGIM Core Government Money Market Fund 2.09%
- Texas Debt Capital CLO 2023-II Ltd 0.93%
- Rad CLO 19 Ltd 0.93%
- Golub Capital Partners CLO 68B Ltd 0.92%
- Goldman Sachs Group Inc/The 0.90%
- Carlyle US CLO 2023-5 Ltd 0.90%
- HPS Loan Management 2023-18 Ltd 0.89%
Asset Allocation
Weighting | Return Low | Return High | PFRIX % Rank | |
---|---|---|---|---|
Bonds | 97.19% | 0.00% | 161.82% | 15.81% |
Cash | 2.91% | -61.90% | 18.85% | 60.87% |
Stocks | 0.84% | 0.00% | 100.78% | 56.92% |
Other | 0.76% | -52.39% | 26.58% | 20.16% |
Preferred Stocks | 0.00% | -3.99% | 0.80% | 53.36% |
Convertible Bonds | 0.00% | 0.00% | 5.51% | 65.08% |
Stock Sector Breakdown
Weighting | Return Low | Return High | PFRIX % Rank | |
---|---|---|---|---|
Energy | 100.00% | 0.00% | 100.00% | 0.90% |
Utilities | 0.00% | 0.00% | 100.00% | 48.65% |
Technology | 0.00% | 0.00% | 100.00% | 41.44% |
Real Estate | 0.00% | 0.00% | 48.61% | 34.23% |
Industrials | 0.00% | 0.00% | 100.00% | 65.77% |
Healthcare | 0.00% | 0.00% | 100.00% | 32.43% |
Financial Services | 0.00% | 0.00% | 89.61% | 35.14% |
Communication Services | 0.00% | 0.00% | 100.00% | 72.97% |
Consumer Defense | 0.00% | 0.00% | 100.00% | 51.35% |
Consumer Cyclical | 0.00% | 0.00% | 97.66% | 56.76% |
Basic Materials | 0.00% | 0.00% | 1.36% | 33.33% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | PFRIX % Rank | |
---|---|---|---|---|
US | 0.84% | -0.01% | 100.78% | 56.92% |
Non US | 0.00% | 0.00% | 0.68% | 18.58% |
Bond Sector Breakdown
Weighting | Return Low | Return High | PFRIX % Rank | |
---|---|---|---|---|
Corporate | 89.32% | 0.00% | 99.80% | 50.79% |
Securitized | 3.35% | 0.00% | 91.68% | 13.10% |
Cash & Equivalents | 2.91% | 0.00% | 25.03% | 58.89% |
Derivative | 0.65% | -7.27% | 1.12% | 10.28% |
Government | 0.03% | 0.00% | 3.18% | 17.86% |
Municipal | 0.00% | 0.00% | 0.47% | 36.90% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | PFRIX % Rank | |
---|---|---|---|---|
US | 95.29% | 0.00% | 123.27% | 24.51% |
Non US | 1.90% | 0.00% | 63.23% | 41.50% |
PFRIX - Expenses
Operational Fees
PFRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 0.76% | 0.03% | 5.28% | 80.78% |
Management Fee | 0.65% | 0.00% | 1.73% | 60.00% |
12b-1 Fee | N/A | 0.00% | 1.00% | N/A |
Administrative Fee | N/A | 0.02% | 0.27% | N/A |
Sales Fees
PFRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 1.00% | 5.75% | N/A |
Deferred Load | N/A | 1.00% | 1.00% | N/A |
Trading Fees
PFRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 1.00% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
PFRIX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 43.00% | 4.00% | 180.00% | 29.29% |
PFRIX - Distributions
Dividend Yield Analysis
PFRIX | Category Low | Category High | PFRIX % Rank | |
---|---|---|---|---|
Dividend Yield | 8.81% | 0.00% | 11.13% | 19.16% |
Dividend Distribution Analysis
PFRIX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Monthly | Monthly | Monthly |
Net Income Ratio Analysis
PFRIX | Category Low | Category High | PFRIX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.62% | 1.77% | 9.82% | 46.77% |
Capital Gain Distribution Analysis
PFRIX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Apr 30, 2024 | $0.067 | OrdinaryDividend |
Mar 28, 2024 | $0.072 | OrdinaryDividend |
Feb 29, 2024 | $0.066 | OrdinaryDividend |
Jan 31, 2024 | $0.073 | OrdinaryDividend |
Dec 29, 2023 | $0.066 | OrdinaryDividend |
Nov 30, 2023 | $0.075 | OrdinaryDividend |
Oct 31, 2023 | $0.072 | OrdinaryDividend |
Sep 29, 2023 | $0.066 | OrdinaryDividend |
Aug 31, 2023 | $0.072 | OrdinaryDividend |
Jul 31, 2023 | $0.068 | OrdinaryDividend |
Jun 30, 2023 | $0.068 | OrdinaryDividend |
May 31, 2023 | $0.068 | OrdinaryDividend |
Apr 28, 2023 | $0.063 | OrdinaryDividend |
Mar 31, 2023 | $0.063 | OrdinaryDividend |
Feb 28, 2023 | $0.062 | OrdinaryDividend |
Jan 31, 2023 | $0.066 | OrdinaryDividend |
Dec 30, 2022 | $0.063 | OrdinaryDividend |
Nov 30, 2022 | $0.062 | OrdinaryDividend |
Nov 25, 2022 | $0.069 | OrdinaryDividend |
Oct 31, 2022 | $0.056 | OrdinaryDividend |
Sep 30, 2022 | $0.050 | OrdinaryDividend |
Aug 31, 2022 | $0.048 | OrdinaryDividend |
Jul 29, 2022 | $0.044 | OrdinaryDividend |
Jun 30, 2022 | $0.037 | OrdinaryDividend |
May 31, 2022 | $0.035 | OrdinaryDividend |
Apr 29, 2022 | $0.030 | OrdinaryDividend |
Mar 31, 2022 | $0.029 | OrdinaryDividend |
Feb 28, 2022 | $0.026 | OrdinaryDividend |
Jan 31, 2022 | $0.030 | OrdinaryDividend |
Dec 31, 2021 | $0.031 | OrdinaryDividend |
Nov 30, 2021 | $0.028 | OrdinaryDividend |
Nov 26, 2021 | $0.021 | OrdinaryDividend |
Oct 29, 2021 | $0.028 | OrdinaryDividend |
Sep 30, 2021 | $0.028 | OrdinaryDividend |
Aug 31, 2021 | $0.029 | OrdinaryDividend |
Jul 30, 2021 | $0.029 | OrdinaryDividend |
Jun 30, 2021 | $0.028 | OrdinaryDividend |
May 28, 2021 | $0.027 | OrdinaryDividend |
Apr 30, 2021 | $0.024 | OrdinaryDividend |
Mar 31, 2021 | $0.027 | OrdinaryDividend |
Feb 26, 2021 | $0.026 | OrdinaryDividend |
Jan 29, 2021 | $0.034 | OrdinaryDividend |
Dec 31, 2020 | $0.034 | OrdinaryDividend |
Nov 30, 2020 | $0.035 | OrdinaryDividend |
Nov 27, 2020 | $0.017 | OrdinaryDividend |
Oct 30, 2020 | $0.038 | OrdinaryDividend |
Sep 30, 2020 | $0.040 | OrdinaryDividend |
Aug 31, 2020 | $0.042 | OrdinaryDividend |
Jul 31, 2020 | $0.043 | OrdinaryDividend |
Jun 30, 2020 | $0.039 | OrdinaryDividend |
May 29, 2020 | $0.043 | OrdinaryDividend |
Apr 30, 2020 | $0.043 | OrdinaryDividend |
Mar 31, 2020 | $0.049 | OrdinaryDividend |
Feb 28, 2020 | $0.042 | OrdinaryDividend |
Jan 31, 2020 | $0.047 | OrdinaryDividend |
Dec 31, 2019 | $0.045 | OrdinaryDividend |
Nov 29, 2019 | $0.016 | Extra |
Oct 31, 2019 | $0.049 | OrdinaryDividend |
Sep 30, 2019 | $0.044 | OrdinaryDividend |
Aug 30, 2019 | $0.051 | OrdinaryDividend |
Jul 31, 2019 | $0.049 | OrdinaryDividend |
Nov 30, 2018 | $0.009 | DailyAccrualFund |
Dec 29, 2017 | $0.013 | CapitalGainShortTerm |
Dec 22, 2017 | $0.017 | ExtraDividend |
Nov 30, 2016 | $0.011 | ExtraDividend |
PFRIX - Fund Manager Analysis
Managers
Brian Juliano
Start Date
Tenure
Tenure Rank
Mar 30, 2011
11.18
11.2%
Brian Juliano is a Managing Director and co-Head of the U.S. Bank Loan Team for PGIM Fixed Income. He is also the co-Head of PGIM Fixed Income’s US CLO business and is a portfolio manager for the Firm's investments in CLO tranches. Before joining the Bank Loan Team in 2003, Mr. Juliano was a CDO analyst and member of the CDO Business Team for PGIM Fixed Income, as well as a manager in financial analysis in PGIM Fixed Income’s Finance Group, where he was responsible for the finance function of various investment subsidiaries. Mr. Juliano joined the Firm in 2000. Previously, he was a consultant at Deloitte & Touche, where he worked on investment strategy and tax compliance of high net worth individuals. Mr. Juliano received a BS in Finance and an MBA in Finance and Accounting from New York University.
Robert Cignarella
Start Date
Tenure
Tenure Rank
Mar 05, 2014
8.24
8.2%
Robert Cignarella, CFA, is a Managing Director and Head of PGIM Fixed Income's Leveraged Finance Team, which includes the US and European High Yield Bond and Bank Loan sector teams. Mr. Cignarella is also the co-Head of the Global High Yield Strategy. Prior to joining the firm in 2014, Mr. Cignarella was a managing director and co-head of high yield and bank loans at Goldman Sachs Asset Management. He also held positions as a high yield portfolio manager and a high yield and investment grade credit analyst. Earlier, he was a financial analyst in the investment banking division of Salomon Brothers. Mr. Cignarella received an MBA from the University of Chicago, and a bachelor’s degree in operations research and industrial engineering from Cornell University. He holds the Chartered Financial Analyst (CFA) designation.
Parag Pandya
Start Date
Tenure
Tenure Rank
Apr 05, 2018
4.16
4.2%
Parag Pandya, CFA, is a Principal and portfolio manager for PGIM Fixed Income's Leveraged Finance Team. Prior to joining the Bank Loan team in October 2015, he was a high-yield credit analyst for 17 years covering home builders/building materials, gaming, and lodging industries for the high-yield and bank loan portfolios. Previously, Mr. Pandya was an internal auditor at Prudential Securities. He joined the Firm in 1992 in the Financial Accounting Department. Mr. Pandya received a BS in Accounting from Montclair State University and holds the Chartered Financial Analyst (CFA) designation.
Ian Johnston
Start Date
Tenure
Tenure Rank
Apr 14, 2021
1.13
1.1%
Ian F. Johnston is a Principal and portfolio manager for PGIM Fixed Income's U.S. Bank Loan Team. Previously, Mr. Johnston was a credit analyst in the U.S. Bank Loan Credit Research Team where he covered the cable, telecom, financial services, media, and education sectors. Mr. Johnston joined the Firm in 2010 from Seven Bridges Management, an affiliate of Ulysses Management, where he was head trader and principal for the Special Situations hedge fund. Earlier, Mr. Johnston worked as senior analyst for Murray Capital Management's Distressed Debt hedge fund. Mr. Johnston began his career in 1991, first as an analyst and then a Senior Associate in the Firm's Financial Restructuring Team. Later he was Vice President and portfolio manager on the Emerging Markets Debt Team. Mr. Johnston received a BS in Applied Math-Economics from Brown University and an MBA from the University of Pennsylvania's Wharton School of Business.
Robert Meyer
Start Date
Tenure
Tenure Rank
Apr 14, 2021
1.13
1.1%
Robert W. Meyer, CFA, is a Vice President for the PGIM Fixed Income's U.S. Bank Loan Team. Previously, Mr. Meyer was a member of the Quantitative Research Rotational Program, spending time on the CLO Analyst team, Structured Products Research Team, and Liquidity team. He joined the Firm in 2012. Mr. Meyer received a BS in Economics with concentrations in Finance and Management along with a minor in Classical Studies from the Wharton School at the University of Pennsylvania. He holds the Chartered Financial Analyst (CFA) designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.09 | 20.52 | 5.9 | 3.25 |