Also available as a Mutual Fund.
Daily Performance of | Daily Performance Value |
---|---|
Bid/Ask Spread | 50.12 / 50.15 |
30 Day Median Bid/Ask Spread (%) | 0.10 |
Bid/Ask (%) | 0.06 |
Market Price ($) | 50.13 |
Market Price Change ($) |
|
Market Price Change (%) | 0.04 |
NAV Price ($) | 50.15 |
NAV Price Change ($) |
|
NAV Price Change (%) | 0.03 |
Premium / Discount (%) | -0.03 |
AS OF
08/14/2025
|
|
YTD Return-Market Price (%) | 3.91 |
YTD Return-NAV Price (%) | 3.86 |
Fund Information | Fund Information Value |
---|---|
Ticker | PFRL |
Net Assets | 77,726,056 |
Asset Class | Taxable Fixed Income |
Benchmark | S&P UBS Leveraged Loan Index |
CUSIP | 69344A883 |
Shares Outstanding | 1,550,000 |
Trading Volume | 3,135 |
Fiscal Year End | 08/31 |
Exchange | NYSE Arca |
Options Available | No |
Inception Date | 05/17/2022 |
Management Style | Active |
Name
|
Weight
|
---|---|
Average Maturity (years) | 10.7 |
Duration (yrs) | 0.1 |
Total Annual Expense Ratio (%) | 0.72 |
Standard Deviation (since inception) | — |
Change shows the change in $U.S. value over the previous day:= Gain,
= Loss,
= No Change.
See Prices of other PGIM ETFs.
TOTAL RETURNS (%) | ||||||||
---|---|---|---|---|---|---|---|---|
Cumulative | Average Annual | |||||||
YTD | 1-Mo | 3-Mo | 1-Yr | 3-Yr | 5-Yr | 10-Yr | Since Inception |
See Performance of other PGIM ETFs.
Unlike mutual funds, ETF shares are bought and sold at market price, which may be higher or lower than their net asset value (NAV), and are not individually redeemed from the Fund. You may incur brokerage commissions when buying and selling shares on an exchange or through your financial intermediary, which may reduce returns. Market returns are based upon the closing price or the midpoint of the bid/ask spread, as applicable, at the time when the Fund’s NAV is determined (normally 4:00 p.m. Eastern time), and do not represent the returns you would receive if you traded shares at other times. There can be no guarantee that an active trading market for ETF shares will develop or be maintained, or that their listing will continue or remain unchanged. While the shares of ETFs are tradable on secondary markets, they may not readily trade in all market conditions and may trade at significant discounts in periods of market stress. All returns 1-year or less are cumulative.
Date Historical Premium Discount
|
Premium / Discount (%) Number of Days at Premium
|
---|---|
08/14/2025 | -0.03 |
08/13/2025 | -0.04 |
08/12/2025 | -0.03 |
08/11/2025 | -0.11 |
08/08/2025 | -0.18 |
08/07/2025 | -0.23 |
08/06/2025 | -0.09 |
08/05/2025 | -0.12 |
08/04/2025 | -0.08 |
08/01/2025 | -0.18 |
07/31/2025 | -0.18 |
07/30/2025 | -0.26 |
07/29/2025 | -0.23 |
07/28/2025 | -0.27 |
07/25/2025 | -0.15 |
07/24/2025 | -0.25 |
07/23/2025 | -0.25 |
07/22/2025 | -0.18 |
07/21/2025 | -0.15 |
07/18/2025 | -0.22 |
07/17/2025 | -0.27 |
07/16/2025 | -0.15 |
07/15/2025 | -0.25 |
07/14/2025 | -0.18 |
07/11/2025 | -0.22 |
07/10/2025 | -0.20 |
07/09/2025 | -0.16 |
07/08/2025 | -0.18 |
07/07/2025 | -0.27 |
07/03/2025 | -0.18 |
07/02/2025 | -0.22 |
07/01/2025 | -0.24 |
06/30/2025 | -0.17 |
06/27/2025 | -0.27 |
06/26/2025 | -0.23 |
06/25/2025 | -0.24 |
06/24/2025 | -0.29 |
06/23/2025 | -0.14 |
06/20/2025 | 0.00 |
06/18/2025 | -0.20 |
06/17/2025 | -0.37 |
06/16/2025 | -0.19 |
06/13/2025 | -0.22 |
06/12/2025 | -0.12 |
06/11/2025 | -0.24 |
06/10/2025 | -0.17 |
06/09/2025 | -0.11 |
06/06/2025 | -0.02 |
06/05/2025 | -0.24 |
06/04/2025 | -0.11 |
06/03/2025 | -0.20 |
06/02/2025 | -0.15 |
05/30/2025 | -0.23 |
05/29/2025 | -0.15 |
05/28/2025 | -0.31 |
05/27/2025 | -0.17 |
05/23/2025 | -0.09 |
05/22/2025 | -0.21 |
05/21/2025 | -0.19 |
05/20/2025 | -0.24 |
05/19/2025 | -0.25 |
05/16/2025 | -0.19 |
05/15/2025 | -0.16 |
05/14/2025 | -0.20 |
05/13/2025 | -0.44 |
05/12/2025 | -0.33 |
05/09/2025 | -0.19 |
05/08/2025 | -0.26 |
05/07/2025 | -0.15 |
05/06/2025 | -0.11 |
05/05/2025 | -0.24 |
05/02/2025 | -0.24 |
05/01/2025 | -0.33 |
04/30/2025 | -0.24 |
04/29/2025 | -0.14 |
04/28/2025 | -0.24 |
04/25/2025 | -0.32 |
04/24/2025 | -0.32 |
04/23/2025 | -0.36 |
04/22/2025 | -0.29 |
04/21/2025 | -0.25 |
04/17/2025 | -0.61 |
04/16/2025 | -0.36 |
04/15/2025 | -0.26 |
04/14/2025 | -0.28 |
04/11/2025 | -0.58 |
04/10/2025 | -0.63 |
04/09/2025 | -0.49 |
04/08/2025 | -0.59 |
04/07/2025 | -1.07 |
04/04/2025 | -4.29 |
04/03/2025 | 0.08 |
04/02/2025 | -0.02 |
04/01/2025 | 0.06 |
03/31/2025 | -0.03 |
03/28/2025 | -0.09 |
03/27/2025 | -0.08 |
03/26/2025 | -0.18 |
03/25/2025 | -0.08 |
03/24/2025 | -0.18 |
03/21/2025 | -0.09 |
03/20/2025 | -0.16 |
03/19/2025 | -0.03 |
03/18/2025 | -0.06 |
03/17/2025 | -0.10 |
03/14/2025 | -0.01 |
03/13/2025 | -0.10 |
03/12/2025 | -0.06 |
03/11/2025 | -0.02 |
03/10/2025 | 0.05 |
03/07/2025 | -0.06 |
03/06/2025 | -0.12 |
03/05/2025 | 0.15 |
03/04/2025 | 0.00 |
03/03/2025 | 0.10 |
02/28/2025 | 0.20 |
02/27/2025 | 0.02 |
02/26/2025 | 0.09 |
02/25/2025 | 0.06 |
02/24/2025 | -0.01 |
02/21/2025 | 0.03 |
02/20/2025 | 0.06 |
02/19/2025 | 0.01 |
02/18/2025 | -0.03 |
02/14/2025 | 0.10 |
02/13/2025 | 0.13 |
02/12/2025 | -0.08 |
02/11/2025 | 0.00 |
02/10/2025 | -0.01 |
02/07/2025 | -0.08 |
02/06/2025 | 0.03 |
02/05/2025 | 0.07 |
02/04/2025 | 0.06 |
02/03/2025 | 0.05 |
01/31/2025 | -0.02 |
01/30/2025 | 0.07 |
01/29/2025 | 0.05 |
01/28/2025 | 0.03 |
01/27/2025 | 0.05 |
01/24/2025 | 0.02 |
01/23/2025 | -0.03 |
01/22/2025 | 0.01 |
01/21/2025 | 0.00 |
01/17/2025 | 0.00 |
01/16/2025 | 0.17 |
01/15/2025 | 0.06 |
01/14/2025 | 0.05 |
01/13/2025 | -0.02 |
01/10/2025 | -0.07 |
01/08/2025 | -0.03 |
01/07/2025 | -0.16 |
01/06/2025 | 0.32 |
01/03/2025 | 0.03 |
01/02/2025 | 0.00 |
12/31/2024 | -0.07 |
12/30/2024 | 0.00 |
12/27/2024 | -0.10 |
12/26/2024 | -0.04 |
12/24/2024 | 0.16 |
12/23/2024 | 0.01 |
12/20/2024 | 0.04 |
12/19/2024 | 0.00 |
12/18/2024 | -0.18 |
12/17/2024 | -0.01 |
12/16/2024 | 0.03 |
12/13/2024 | -0.06 |
12/12/2024 | 0.01 |
12/11/2024 | -0.04 |
12/10/2024 | -0.07 |
12/09/2024 | -0.07 |
12/06/2024 | 0.04 |
12/05/2024 | 0.03 |
12/04/2024 | 0.00 |
12/03/2024 | -0.01 |
12/02/2024 | -0.02 |
11/29/2024 | 0.10 |
11/27/2024 | 0.12 |
11/26/2024 | 0.00 |
11/25/2024 | 0.09 |
11/22/2024 | 0.06 |
11/21/2024 | 0.08 |
11/20/2024 | 0.04 |
11/19/2024 | -0.01 |
11/18/2024 | 0.19 |
11/15/2024 | -0.06 |
11/14/2024 | 0.20 |
11/13/2024 | -0.03 |
11/12/2024 | -0.06 |
11/11/2024 | -0.04 |
11/08/2024 | 0.01 |
11/07/2024 | 0.18 |
11/06/2024 | -0.01 |
11/05/2024 | 0.13 |
11/04/2024 | 0.12 |
11/01/2024 | 0.14 |
10/31/2024 | -0.12 |
10/30/2024 | -0.07 |
10/29/2024 | 0.01 |
10/28/2024 | 0.05 |
10/25/2024 | -0.02 |
10/24/2024 | 0.09 |
10/23/2024 | -0.05 |
10/22/2024 | 0.03 |
10/21/2024 | -0.06 |
10/18/2024 | 0.01 |
10/17/2024 | 0.03 |
10/16/2024 | 0.02 |
10/15/2024 | -0.03 |
10/14/2024 | 0.04 |
10/11/2024 | 0.05 |
10/10/2024 | 0.05 |
10/09/2024 | -0.04 |
10/08/2024 | 0.01 |
10/07/2024 | -0.06 |
10/04/2024 | 0.00 |
10/03/2024 | 0.00 |
10/01/2024 | 0.00 |
09/30/2024 | 0.00 |
09/27/2024 | 0.01 |
09/26/2024 | 0.06 |
09/25/2024 | 0.02 |
09/24/2024 | 0.07 |
09/23/2024 | 0.09 |
09/20/2024 | 0.00 |
09/19/2024 | 0.04 |
09/18/2024 | -0.09 |
09/17/2024 | 0.05 |
09/16/2024 | -0.04 |
09/13/2024 | 0.05 |
09/12/2024 | 0.06 |
09/11/2024 | 0.04 |
09/10/2024 | 0.11 |
09/09/2024 | 0.09 |
09/06/2024 | -0.04 |
09/05/2024 | 0.04 |
09/04/2024 | 0.07 |
09/03/2024 | 0.04 |
08/30/2024 | 0.11 |
08/29/2024 | 0.02 |
08/28/2024 | -0.01 |
08/27/2024 | 0.08 |
08/26/2024 | 0.01 |
08/23/2024 | 0.11 |
08/22/2024 | -0.15 |
08/21/2024 | 0.07 |
08/20/2024 | 0.02 |
08/19/2024 | 0.05 |
08/16/2024 | -0.03 |
08/15/2024 | -0.03 |
08/14/2024 | -0.01 |
08/13/2024 | 0.04 |
08/12/2024 | 0.15 |
08/09/2024 | 0.19 |
08/08/2024 | 0.07 |
08/07/2024 | -0.14 |
08/06/2024 | 0.10 |
08/05/2024 | 0.11 |
08/02/2024 | 0.00 |
08/01/2024 | 0.16 |
07/31/2024 | 0.10 |
07/30/2024 | 0.05 |
07/29/2024 | 0.03 |
07/26/2024 | 0.23 |
07/25/2024 | 0.04 |
07/24/2024 | -0.05 |
07/23/2024 | 0.04 |
07/22/2024 | 0.11 |
07/19/2024 | -0.05 |
07/18/2024 | -0.04 |
07/17/2024 | -0.07 |
07/16/2024 | 0.06 |
07/15/2024 | 0.03 |
07/12/2024 | 0.11 |
07/11/2024 | -0.03 |
07/10/2024 | 0.03 |
07/09/2024 | -0.06 |
07/08/2024 | -0.05 |
07/05/2024 | 0.17 |
07/03/2024 | 0.04 |
07/02/2024 | 0.14 |
07/01/2024 | 0.03 |
06/28/2024 | -0.10 |
06/27/2024 | 0.08 |
06/26/2024 | 0.00 |
06/25/2024 | 0.07 |
06/24/2024 | 0.05 |
06/21/2024 | -0.04 |
06/20/2024 | 0.12 |
06/18/2024 | 0.16 |
06/17/2024 | 0.26 |
06/14/2024 | 0.00 |
06/13/2024 | 0.16 |
06/12/2024 | 0.06 |
06/11/2024 | 0.12 |
06/10/2024 | 0.10 |
06/07/2024 | 0.00 |
06/06/2024 | 0.11 |
06/05/2024 | 0.15 |
06/04/2024 | 0.13 |
06/03/2024 | 0.14 |
05/31/2024 | 0.13 |
05/30/2024 | 0.14 |
05/29/2024 | 0.06 |
05/28/2024 | 0.16 |
05/24/2024 | 0.06 |
05/23/2024 | 0.04 |
05/22/2024 | -0.03 |
05/21/2024 | 0.15 |
05/20/2024 | 0.13 |
05/17/2024 | 0.16 |
05/16/2024 | 0.10 |
05/15/2024 | 0.09 |
05/14/2024 | 0.14 |
05/13/2024 | 0.04 |
05/10/2024 | 0.03 |
05/09/2024 | 0.21 |
05/08/2024 | -0.01 |
05/07/2024 | 0.00 |
05/06/2024 | 0.06 |
05/03/2024 | 0.16 |
05/02/2024 | 0.28 |
05/01/2024 | 0.14 |
04/30/2024 | 0.03 |
04/29/2024 | 0.13 |
04/26/2024 | 0.16 |
04/25/2024 | 0.02 |
04/24/2024 | 0.03 |
04/23/2024 | 0.12 |
04/22/2024 | 0.09 |
04/19/2024 | 0.00 |
04/18/2024 | 0.33 |
04/17/2024 | 0.12 |
04/16/2024 | 0.16 |
04/15/2024 | -0.16 |
04/12/2024 | 0.26 |
04/11/2024 | -0.02 |
04/10/2024 | 0.00 |
04/09/2024 | 0.18 |
04/08/2024 | 0.16 |
04/05/2024 | 0.07 |
04/04/2024 | 0.02 |
04/03/2024 | 0.18 |
04/02/2024 | 0.06 |
04/01/2024 | -0.02 |
03/28/2024 | 0.16 |
03/27/2024 | 0.15 |
03/26/2024 | 0.04 |
03/25/2024 | 0.12 |
03/22/2024 | 0.09 |
03/21/2024 | 0.16 |
03/20/2024 | 0.17 |
03/19/2024 | 0.13 |
03/18/2024 | 0.13 |
03/15/2024 | 0.01 |
03/14/2024 | 0.07 |
03/13/2024 | 0.10 |
03/12/2024 | 0.18 |
03/11/2024 | 0.21 |
03/08/2024 | 0.05 |
03/07/2024 | 0.19 |
03/06/2024 | 0.08 |
03/05/2024 | 0.05 |
03/04/2024 | 0.07 |
03/01/2024 | 0.12 |
02/29/2024 | 0.18 |
02/28/2024 | 0.10 |
02/27/2024 | 0.06 |
02/26/2024 | 0.17 |
02/23/2024 | 0.12 |
02/22/2024 | 0.18 |
02/21/2024 | 0.05 |
02/20/2024 | 0.13 |
02/16/2024 | -0.01 |
02/15/2024 | 0.19 |
02/14/2024 | 0.18 |
02/13/2024 | 0.02 |
02/12/2024 | 0.07 |
02/09/2024 | 0.11 |
02/08/2024 | 0.11 |
02/07/2024 | 0.23 |
02/06/2024 | 0.32 |
02/05/2024 | 0.04 |
02/02/2024 | 0.13 |
02/01/2024 | 0.00 |
01/31/2024 | 0.04 |
01/30/2024 | 0.09 |
01/29/2024 | 0.11 |
01/26/2024 | -0.06 |
01/25/2024 | 0.05 |
01/24/2024 | -0.06 |
01/23/2024 | 0.00 |
01/22/2024 | 0.21 |
01/19/2024 | 0.06 |
01/18/2024 | 0.11 |
01/17/2024 | -0.20 |
01/16/2024 | -0.05 |
01/12/2024 | 0.04 |
01/11/2024 | -0.05 |
01/10/2024 | 0.16 |
01/09/2024 | 0.01 |
01/08/2024 | 0.00 |
01/05/2024 | 0.13 |
01/04/2024 | 0.16 |
01/03/2024 | -0.03 |
01/02/2024 | -0.07 |
Historical Premium Discount
|
|||||
---|---|---|---|---|---|
Previous Calendar Year
(2024)
|
1st Quarter
|
2nd Quarter
|
3rd Quarter
(QTD)
|
4th Quarter
|
|
Number of Days at Premium
|
176
|
27
|
2
|
—
|
—
|
Number of Days at Discount
|
56
|
28
|
59
|
32
|
—
|
Number of Days above or below 2%
|
—
|
—
|
1
|
—
|
—
|
NAV (Net Asset Value) prices are used to calculate market price performance prior to the date when the fund first traded on the NYSE Arca, Inc. (NYSE Arca). Market price performance is determined using the close at 4:00 p.m. Eastern time, when the NAV is typically calculated. Since shares of the Fund did not trade in the secondary market until after the Fund inception (05/17/2022), for the period from inception to the first day of secondary trading (05/24/2022), the NAV of the Fund is used as a proxy for the market price to calculate market returns. Market Price is determined using the midpoint between the highest bid and the lowest offer reported to the consolidated tape, as of the time that each Funds NAV is calculated. In the event this is not available, the midpoint between the highest bid and the lowest offer on the listing exchange is used. NAV Price is total assets less total liabilities divided by the number of shares outstanding. Premium/Discount is the percent difference between the Market price and the NAV price. There is no guarantee you will receive the stated Premium/Discount and additional fees may result from individual broker fees and transaction costs in the secondary market. The Fund is subject to management fees and other expenses. The trading prices of the Fund’s shares in the secondary market generally differ from the Fund’s daily NAV and are affected by market forces such as supply and demand, economic conditions and other factors.
See Yields of other PGIM ETFs.
© 2025, American Bankers Association. CUSIP Database provided by FactSet Research Systems Inc. All rights reserved.
All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Totals may not sum due to rounding. Negative holdings reflect outstanding trades at period end. Total number of holdings based on issuers. Largest holdings excludes cash, cash equivalents, money market funds and enhanced cash strategies. This is not a recommendation to buy or sell any security listed.
Sector
|
Fund (% of Assets)
|
---|---|
Bank Loans | 77.1% |
Corporates | 14.0% |
ABS | 6.7% |
Non Agency MBS | 0.8% |
Commercial MBS | 0.8% |
U.S. Govt Related | 0.6% |
Emerging Markets | 0.4% |
Other | 0.1% |
Cash/Equiv | -0.4% |
Credit Quality
|
% of Assets
|
---|---|
AAA | 1.6% |
AA | 5.6% |
A | 1.9% |
BBB | 13.2% |
BB | 24.6% |
B | 48.9% |
CCC | 1.7% |
Not Rated | 3.2% |
Cash/Equiv | -0.6% |
Industry
|
Fund (% of Assets)
|
---|---|
Consumer Non-Cyclical | 8.8% |
Technology | 7.9% |
Health Care & Pharmaceutical | 6.5% |
Capital Goods | 4.8% |
Transportation & Environmental Services | 4.7% |
Chemicals | 4.4% |
Gaming & Lodging & Leisure | 4.0% |
Retailers & Restaurants | 3.5% |
Building Materials & Home Construction | 3.4% |
Other Industry | 3.4% |
Historical Distributions | |||||
---|---|---|---|---|---|
Ex Date | Record Date | Payable Date | Distribution Type | Distribution | |
2025 Total | 2.6544 | ||||
08/01/2025 | 08/01/2025 | 08/05/2025 | Dividend | 0.3307 | |
07/01/2025 | 07/01/2025 | 07/03/2025 | Dividend | 0.3055 | |
06/02/2025 | 06/02/2025 | 06/04/2025 | Dividend | 0.2935 | |
05/01/2025 | 05/01/2025 | 05/05/2025 | Dividend | 0.3069 | |
04/01/2025 | 04/01/2025 | 04/03/2025 | Dividend | 0.3129 | |
03/03/2025 | 03/03/2025 | 03/05/2025 | Dividend | 0.2589 | |
02/03/2025 | 02/03/2025 | 02/05/2025 | Dividend | 0.2940 | |
12/27/2024 | 12/27/2024 | 01/03/2025 | Dividend | 0.5060 | |
12/27/2024 | 12/27/2024 | 01/03/2025 | Long-Term Capital Gain | 0.0000 | |
12/27/2024 | 12/27/2024 | 01/03/2025 | Short-Tem Capital Gain | 0.0460 | |
2024 Total | 4.6656 | ||||
12/02/2024 | 12/02/2024 | 12/06/2024 | Dividend | 0.3029 | |
11/01/2024 | 11/01/2024 | 11/07/2024 | Dividend | 0.3444 | |
10/01/2024 | 10/01/2024 | 10/07/2024 | Dividend | 0.3398 | |
09/03/2024 | 09/03/2024 | 09/09/2024 | Dividend | 0.3676 | |
08/01/2024 | 08/01/2024 | 08/07/2024 | Dividend | 0.3497 | |
07/01/2024 | 07/01/2024 | 07/08/2024 | Dividend | 0.3313 | |
06/03/2024 | 06/03/2024 | 06/07/2024 | Dividend | 0.3737 | |
05/01/2024 | 05/02/2024 | 05/07/2024 | Dividend | 0.3647 | |
04/01/2024 | 04/02/2024 | 04/05/2024 | Dividend | 0.3518 | |
03/01/2024 | 03/04/2024 | 03/07/2024 | Dividend | 0.4077 | |
02/01/2024 | 02/02/2024 | 02/07/2024 | Dividend | 0.4215 | |
12/27/2023 | 12/28/2023 | 01/03/2024 | Dividend | 0.6916 | |
12/27/2023 | 12/28/2023 | 01/03/2024 | Long-Term Capital Gain | 0.0000 | |
12/27/2023 | 12/28/2023 | 01/03/2024 | Short-Tem Capital Gain | 0.0189 | |
2023 Total | 4.5897 | ||||
12/01/2023 | 12/04/2023 | 12/07/2023 | Dividend | 0.3576 | |
11/01/2023 | 11/02/2023 | 11/07/2023 | Dividend | 0.5013 | |
10/02/2023 | 10/03/2023 | 10/06/2023 | Dividend | 0.4270 | |
09/01/2023 | 09/05/2023 | 09/08/2023 | Dividend | 0.4283 | |
08/01/2023 | 08/02/2023 | 08/07/2023 | Dividend | 0.3411 | |
07/03/2023 | 07/05/2023 | 07/10/2023 | Dividend | 0.4044 | |
06/01/2023 | 06/02/2023 | 06/07/2023 | Dividend | 0.3692 | |
05/01/2023 | 05/02/2023 | 05/05/2023 | Dividend | 0.3578 | |
04/03/2023 | 04/04/2023 | 04/10/2023 | Dividend | 0.3385 | |
03/01/2023 | 03/02/2023 | 03/07/2023 | Dividend | 0.3603 | |
02/01/2023 | 02/02/2023 | 02/07/2023 | Dividend | 0.3507 | |
12/28/2022 | 12/29/2022 | 01/04/2023 | Dividend | 0.3084 | |
12/28/2022 | 12/29/2022 | 01/04/2023 | Long-Term Capital Gain | 0.0148 | |
12/28/2022 | 12/29/2022 | 01/04/2023 | Short-Tem Capital Gain | 0.0303 | |
2022 Total | 1.3788 | ||||
12/01/2022 | 12/02/2022 | 12/07/2022 | Dividend | 0.2986 | |
11/01/2022 | 11/02/2022 | 11/07/2022 | Dividend | 0.2591 | |
10/03/2022 | 10/04/2022 | 10/07/2022 | Dividend | 0.2571 | |
09/01/2022 | 09/02/2022 | 08/31/2022 | Dividend | 0.2364 | |
08/01/2022 | 08/02/2022 | 08/05/2022 | Dividend | 0.2171 | |
07/01/2022 | 07/05/2022 | 07/08/2022 | Dividend | 0.1106 |
PGIM Fixed Income is the largest public fixed income asset management unit of PGIM, Inc. (PGIM), a registered investment adviser, and serves as the Fund's subadviser. It is one of the most experienced fixed income managers in the United States, with $862 billion in assets under management as of March 31, 2025. PGIM Fixed Income offers a disciplined investment and risk management process, in-depth sector expertise, and one of the most sophisticated research organizations in the industry. PGIM Fixed Income or one of its predecessors has been managing proprietary fixed income portfolios since 1875 and accounts for institutional clients since 1928. Brian Juliano, Robert Cignarella, Parag Pandya, Michael Haigh, and Robert W. Meyer of PGIM Fixed Income are primarily responsible for management of the PGIM Floating Rate Income ETF. PGIM Limited is also a subadvisor on this fund. PGIM Limited is an indirect, wholly-owned subsidiary of PGIM, Inc. (“PGIM”), the principal asset management business of Prudential Financial, Inc. (“PFI”), a company incorporated and with its principal place of business in the United States.
Managing Director and Head of the U.S. Leveraged Loan Team
|PGIM Fixed Income
Brian Juliano is a Managing Director and Head of the U.S. Leveraged Loan Team for PGIM Fixed Income.
Managing Director and Head of U.S. High Yield for PGIM Fixed Income
|PGIM Fixed Income
Robert Cignarella, CFA, is a Managing Director and Head of U.S. High Yield for PGIM Fixed Income.
Principal and Portfolio Manager for PGIM Fixed Income's U.S. Leveraged Loan Team
|PGIM Fixed Income
Parag Pandya, CFA, is a Principal and portfolio manager for PGIM Fixed Income's U.S. Leveraged Loan Team.
Principal for PGIM Fixed Income's U.S. Leveraged Loan Team
|PGIM Fixed Income
Robert Meyer, CFA, is a Principal for the PGIM Fixed Income's U.S. Leveraged Loan Team.
Principal and Portfolio Manager for PGIM Fixed Income's U.S. Leveraged Loan Team
|PGIM Fixed Income
Michael Haigh, CFA, is a Principal and Portfolio Manager for PGIM Fixed Income's U.S. Leveraged Loan Team.
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Source: Morningstar. Morningstar. The Morningstar Rating may be calculated based on its share class adjusted historical returns. If so, the fund’s independent Morningstar Rating metric uses its oldest class to determine its hypothetical rating for certain periods. The Fund’s Overall, 3-, 5-, and 10-year Star Ratings/Fund are, if applicable: 4/213, 4/213, N/A and N/A, respectively. Morningstar Ratings are calculated for managed products with a 3-year minimum history. Comparatively, exchange-traded funds and open-ended mutual funds are considered a single population. Rating is calculated based on a Morningstar Risk-Adjusted Return measure accounting for variation in a managed product's monthly excess performance that emphasizes downward variations more and rewards consistency, with no sales load adjustment. In each category, the top 10% receive 5 stars, with 4 stars for the next 22.5%, 3 stars for the next 35%, 2 stars for the next 22.5%, and 1 star for the bottom 10%. Overall Morningstar Rating is derived from a weighted average of the performance associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics: for 36-59 months of total returns, 100% 3-year rating, for 60-119 months of total returns, 60% 5-year rating/40% 3-year rating, and for 120 or more months of total returns, 50% 10-year rating/30% 5-year rating/20% 3-year rating. While the 10-year overall star rating formula seems to give the most weight to the 10-year period, the most recent three-year period actually has the greatest impact because it is included in all three rating periods.
ETF shares are not individually redeemable from the Fund. Shares may only be redeemed directly from the Fund by Authorized Participants in creation units only.
As an actively managed exchange traded fund (ETF), the Fund is subject to risks involved with: actively and frequently trading; ETF shares trading risk (including the risk of the shares trading at a premium or discount to net asset value or the lack an active trading market); authorized participant concentration risk; the risk of transacting in cash versus in-kind; as well as the risk of increased expenses and the cost of buying or selling shares through a broker. As a new and relatively small fund with limited operating history, the Fund is subject to the risk that its performance might not represent how it may perform long term and investments may have disproportionate impact on performance. Principal risks include: investing primarily in senior loans that are rated below investment grade; risk of investment in loans, where the Fund's ability to receive payments in connection with loans depends on the financial condition of the borrower (failure to receive such payments may reduce the value of the Fund's assets); the value of adjustable and floating rate securities may lag behind the value of fixed rate securities when interest rates change; certain loans or obligations in which the fund may invest may be “covenant-lite” meaning they contain fewer financial maintenance covenants than other loans or obligations; fixed income instruments, which are subject to credit, market, and interest rate risk (where the value will decline as interest rates rise; call and redemption risk, where the issuer may call a bond held by the Fund for redemption before it matures and the Fund may lose income; derivative securities, which may carry market, credit, and liquidity risks; high yield ("junk") bonds, which are subject to greater credit and market risks; foreign or non-U.S. securities, which are subject to the risks of currency fluctuation and political uncertainty; liquidity risk, which exists when particular investments are difficult to sell (loans are subject to legal or contractual restrictions on resale). As a new and relatively small fund, the Fund's performance may not represent how the Fund is expected to or may perform in the long-term. Large shareholders could subject the Fund to large scale redemption risk. The Fund is subject to market risks, including economic risks, as well as market disruption and geopolitical risks (the value of investments may decrease, and international conflicts and geopolitical developments may adversely affect the U.S. and foreign financial markets, including increased volatility). The transition away from LIBOR to other reference rates may lead to increased volatility and illiquidity in markets that are tied to LIBOR, fluctuations in values of LIBOR-related investments or investments in issuers that utilize LIBOR, increased difficulty in borrowing or refinancing and diminished effectiveness of hedging strategies, adversely affecting the Fund’s performance. The risks associated with the Fund are more fully explained in the prospectus and summary prospectus. Diversification does not assure a profit or protect against loss in declining markets. These risks may increase the Fund's share price volatility. The risks associated with the Fund are more fully explained in the prospectus and summary prospectus. There is no guarantee the Fund’s objective will be achieved.
Bid/Ask Spread is the amount by which the ask price exceeds the bid price for an asset in the market. The Bid/Ask Spread is essentially the difference between the highest price that a buyer is willing to pay for an asset and the lowest price that a seller is willing to accept to sell it. 30 Day Median Bid/Ask Spread (%) is computed by first identifying the Fund's national best bid and national best offer as of the end of each 10 second interval during each trading day of the last 30 calendar days. Next, the difference is divided between each such bid and offer by the midpoint of the national best bid and national best offer. Finally, the median of those values is identified and expressed as a percentage rounded to the nearest hundredth. Market Price and NAV Price Daily YTD Returns are reported as Inception To Date return for funds before they pass the first calendar year end of operation. Market returns are based upon the midpoint of the bid/ask spread at 4:00 p.m. Eastern time (when NAV is normally determined for most Funds), and do not represent the returns you would receive if you traded shares at other times. Market Price and Market Price Change are reported as midpoint of the bid/ask spread reported to the consolidated tape. In the event this is not available, the midpoint of the bid/ask spread on the listing exchange is used. Premium/Discount is the percent difference between the Market price and the NAV price. Average Coupon represents the weighted average coupon of the underlying securities within a fund. Effective Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Average Maturity is the average number of years to maturity of the Fund’s bonds. Credit Quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody’s, S&P, or Fitch. The Not Rated category consists of securities that have not been rated by an NRSRO. Due to data availability, statistics may not be as of the current reporting period. See the Fund's Annual Report (when available) for full information on expenses. NAV Distribution Yield measures the amount of net income that has been distributed over the previous 30 days divided by the fund's average net asset value for the period. The calculation excludes the effect of any non-recurring or special income distributions. All data is unaudited and subject to change.
Source: NYSE Arca, Bank of New York Mellon, Lipper, Inc., Morningstar, Inc. and PGIM, Inc. (PGIM). PGIM is a Prudential Financial company.
Total return describes the return to the investor after net operating expenses but before any sales charges or brokerage commission are imposed. Morningstar Category Average is unmanaged, is based on the average return of all funds in this category, and does not take into consideration applicable sales charges. Unless noted otherwise, Morningstar Category Average and index returns reflect performance beginning the closest month-end date to the Fund's inception. All returns assume share price changes as well as the compounding effect of reinvested dividends and capital gains. Returns may reflect fee waivers and/or expense reimbursements. Without such, returns would be lower. All returns 1-year or less are cumulative.
© 2025 Morningstar, Inc. All rights reserved. The information contained herein (1) is proprietary to Morningstar; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete, or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information. Past performance does not guarantee future results.
Although Prudential may obtain data included above from sources that it considers reliable, all data contained herein is provided “as is” and Prudential makes no representation or warranty of any kind, either express or implied, with respect to such data, the timeliness thereof, the results to be obtained by the use thereof or any other matter. Prudential expressly disclaims any and all implied warranties, including without limitation, warranties of originality, accuracy, completeness, timeliness, non-infringement, merchantability and fitness for a particular purpose.
Morningstar Bank Loan Category Average: Bank-loan portfolios primarily invest in floating-rate bank loans and floating-rate below investment- grade securities instead of bonds. In exchange for their credit risk, these loans offer high interest payments that typically float above a common short-term benchmarks such as Libor or SOFR.
S&P UBS Leveraged Loan Index represents the investable universe of the dollar-denominated leveraged loan market.
An investment cannot be made directly in an index or average. All indexes and averages are unmanaged.
The S&P Indices are products of S&P Dow Jones Indices LLC and/or its affiliates and has been licensed for use by PGIM Investments. Copyright ©2025 S&P Dow Jones Indices LLC, a division of S&P Global, Inc., and/or its affiliates. All rights reserved. Redistribution or reproduction in whole or in part are prohibited without written permission of S&P Dow Jones Indices LLC. For more information on any of S&P Dow Jones Indices LLC’s indices please visit www.spdji.com. S&P® is a registered trademark of S&P Global and Dow Jones® is a registered trademark of Dow Jones Trademark Holdings LLC.
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Investment products are distributed by Prudential Investment Management Services LLC, member FINRA and SIPC. PGIM Investments is a registered investment advisor and investment manager to PGIM registered investment companies. PGIM Fixed Income is a unit of PGIM, a registered investment advisor. PGIM Limited acts as a subadvisor to all fixed income funds. PGIM Limited is an indirect, wholly owned subsidiary of PGIM, Inc. (PGIM), the principal asset management business of Prudential Financial, Inc. (PFI), a company incorporated and with its principal place of business in the United States. All are Prudential Financial affiliates. © 2025 Prudential Financial, Inc. and its related entities. PGIM, PGIM Investments, PGIM Fixed Income, PGIM Limited, and the PGIM logo are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.
This material is being provided for informational or educational purposes only and does not take into account the investment objectives or financial situation of any client or prospective clients. The information is not intended as investment advice and is not a recommendation. Clients seeking information regarding their particular investment needs should contact their financial professional.
INVESTMENT PRODUCTS | Are not insured by the FDIC or any federal government agency | May lose value | Are not a deposit of or guaranteed by any bank or any bank affiliate.
Prudential Financial, Inc. of the United States is not affiliated in any manner with Prudential plc, incorporated in the United Kingdom or with Prudential Assurance Company, a subsidiary of M&G plc, incorporated in the United Kingdom.
4577143 Ed. 06/2025