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Under normal market conditions, the Fund invests at least 80% of its investable assets (net assets plus borrowings for investment purposes, if any) in floating rate loans and other floating rate debt securities. Floating rate loans and other floating rate debt obligations have interest rates which adjust or "float" periodically (normally on a monthly or quarterly basis) based on a generally recognized base rate such as the London Interbank Offered Rate ("LIBOR"), the Secured Overnight Financing Rate ("SOFR") or the prime rate offered by one or more major U.S. banks. Floating rate loans (often referred to as "bank loans") are arranged through private negotiations between a corporation or other institution that is the borrower and one or more financial institutions that are the lenders. The Fund is an actively managed exchange-traded fund ("ETF") and, thus, does not seek to replicate the performance of a specified index.
Pgim Floating Rate Income ETF trades on the ARCA stock market under the symbol PFRL.
As of March 13, 2026, PFRL stock price declined to $48.87 with 8,419 million shares trading.
PFRL has a market cap of $109.96 million. This is considered a Micro Cap stock.
In the last 3 years, PFRL traded as high as $51.51 and as low as $45.19.
PFRL has underperformed the market in the last year with a return of +5.1%, while SPY returned +21.4%. This shows that you would have done better investing in the overall market (through SPY) over the last year than in PFRL shares. However, PFRL has outperformed the market in the last 3 month and 2 week periods, returning -0.1% and +0.8%, while SPY returned -2.6% and -3.5%, respectively. This indicates PFRL has been having a stronger performance recently.
PFRL support price is $48.84 and resistance is $49.10 (based on 1 day standard deviation move). This means that using the most recent 20 day stock volatility and applying a one standard deviation move around the stock's closing price, stastically there is a 67% probability that PFRL shares will trade within this expected range on the day.
