The fund will invest at least 80 percent of its investable assets in floating rate loans and other floating rate debt securities. PGIM Floating is traded on NASDAQ Exchange in the United States. Downside deviation of 0.15% indicates contained downside behavior. It is managed by PGIM.
Performance
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Odds Of Distress
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Low
Prudential Floating Rate (FRFZX) currently is priced at $8.82 as of March 24, 2026, representing 0.11% down on the day after opening at $8.83. PRUDENTIAL FLOATING currently exhibits 22% estimated likelihood of financial distress over the forecast period. Over the prior 90 trading days, PRUDENTIAL FLOATING has produced modest risk-adjusted performance, in line with its soft performance profile. The performance scores apply to the period beginning December 24, 2025 and ending March 24, 2026. Learn more.
Prudential Floating Rate [FRFZX] is traded in USA. The fund is listed under the Bank Loan category and is part of the PGIM family. This fund currently has accumulated 2.09 B in assets under management (AUM) with no minimum investment requirements. Prudential Floating Rate is currently producing a year-to-date (YTD) return of 0.01%, while the total return for the last 3 years is 8.86%. PRUDENTIAL FLOATING financial stability analysis
The fund retains about 31.07% of assets under management (AUM) in fixed income securities. Prudential Floating Rate's last dividend was $0.03 per share. Prudential Floating Rate (FRFZX) recorded $1.6 billion in Total Assets and $2.1 billion in Net Assets.
Investor Insights and Alerts
For Prudential Floating Rate, investor alerts are designed to highlight developments that deserve a second look before a position in the fund is increased, reduced, or left unchanged. Used correctly, this section functions as a challenge mechanism: it asks whether the thesis is still intact under the latest information set.
The fund retains about 31.07% of its assets under management (AUM) in fixed income securities
For active positions in Prudential Floating Rate, intraday data shows when a move is gaining strength and when it is fading. The best setups combine these signals with strict risk limits, since short-term data can reverse fast when liquidity thins.
Forecast models for Prudential Floating Rate use past prices and returns to estimate how the fund may behave under similar conditions. Financial data rarely stays stable for long, so the model is best used as a probability tool, not a price promise.
The fund overview for PRUDENTIAL FLOATING summarizes mandate, holdings profile, and risk characteristics. The fund has exposure to Mutual Fund Funds. The current allocation is approximately 31.0% bonds and 1.0% cash. It is classified under Bank Loan within the PGIM family.
Methodology
Unless otherwise specified, data for Prudential Floating Rate is derived from fund disclosures (prospectus language, holdings reports, and periodic statements where available). Asset-level metrics are computed daily by Macroaxis LLC and refreshed regularly based on instrument type. Prudential Floating Rate market data and reported NAV may reflect delayed updates. Data may be delayed depending on reporting sources and market conventions. Assumptions: We use public fund disclosures, holdings reports, and market data feeds with disclosures published by U.S. Securities and Exchange Commission (SEC) via EDGAR as reference inputs. Data may be normalized and can be delayed. All analytics are generated using standardized, rules-based models designed to promote consistency and comparability across instruments. Model assumptions, reference parameters, and selected computational inputs are available in the Model Inputs section. If you have questions about our data sources or methodology, please contact Macroaxis Support.
Research Sources
Prudential Floating Rate may have reference inputs that incorporate holdings disclosures, category classification, and NAV-derived statistics where available. Updates may occur throughout the day.