PGIM Investments launches floating rate ETF
PGIM’s top decile ranked floating rate fund now available as an ETF
PGIM Investments continues to build out its actively managed fixed income ETF lineup with the launch of the PGIM Floating Rate Income ETF (NYSE Arca: PFRL). The new ETF, which seeks to maximize current income by investing primarily in senior floating rate loans, is managed by PGIM Fixed Income,1 one of the largest and most experienced leveraged finance managers with
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Fixed Income Returns After Rate Hikes Begin. Source: Morningstar as of
The PGIM Floating Rate Income ETF’s investment strategy mirrors the
Floating rate loans may benefit from rising interest rates as the coupon they pay resets based on short-term interest rate movements. PGIM Investments’ recent analysis indicates floating rate loans have historically outperformed the broader
“We’ve seen increased demand for floating rate strategies as investors look to protect against rising rates. In our view, actively managed credit selection will be a differentiating factor between managers in volatile markets, and we are thrilled to offer PGIM Fixed Income’s time-tested strategy as an ETF,” said
“Despite strong fundamentals, uncertainty around developments in
Learn more about the PGIM Floating Rate Income ETF.
Source: Morningstar as of
ABOUT PGIM INVESTMENTS
ABOUT PGIM FIXED INCOME
PGIM Fixed Income, with
ABOUT PGIM
PGIM, the global asset management business of
1
2
Bloomberg
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Past performance is not a guarantee or a reliable indicator of future results.
Investing in mutual funds involves risks. Some mutual funds have more risk than others. The investment return and principal value will fluctuate and shares when sold may be worth more or less than the original cost and it is possible to lose money. Diversification and asset allocation do not assure a profit or protect against loss in declining markets. There is no guarantee that a Fund’s objectives will be achieved. The risks associated with each fund are explained more fully in each fund’s respective prospectus.
Fixed income investments are subject to credit, market, and interest rate risks (including duration risk and prepayment risk), and their value will decline as interest rates rise; call and redemption risk, where the issuer may call a bond held by the
Funds are distributed by
Investment products are not insured by the
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Source: PGIM
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