PGIM Floating Rate Income Fund- Class Z (FRFZX) Research
The fund primarily aims to invest in floating rate debt instruments. At least 80% of its investable capital, defined as net assets combined with any investment-related borrowings, will be allocated to floating rate loans and other comparable debt securities. The portfolio may also include up to 20% of its total assets in senior loans that are not secured by specific collateral. Additionally, the fund has the flexibility to dedicate up to 25% of its total assets to international securities, including senior loans to foreign borrowers. These foreign investments may originate from emerging market countries and can be denominated in either U.S. dollars or other non-U.S. currencies.
Market snapshot
- Symbol
- FRFZX
- Price
- $8.91
- Day change
- 0.00%
- Market cap
- $2.0B
- 52-week range
- 8.8-9.1
- Sector
- Financial Services
- Industry
- Asset Management - Income
Peer companies
- Calvert Small-Cap R6 (CALRX)
- Columbia Mortgage Opportunities Fund Class A (CLMAX)
- Calvert Small-Cap Fund (CSVIX)
- BNY Mellon Large Cap Securities Fund, Inc. (DREVX)
- The Gabelli Dividend & Income Trust (GDV)
- Transamerica Bond A (IDITX)
- T. Rowe Price Tax-Free Income Fd (PRTAX)
- ClearBridge Large Cap Value Fund Class I (SAIFX)
Open PGIM Floating Rate Income Fund- Class Z (FRFZX) in Thesis for live fundamentals, charts, options context, and portfolio-aware Copilot follow-ups.