PGIM Floating Rate Income Fund- Class Z (FRFZX)
FRFZX Price Chart
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FRFZX Fund Profile
Key details and information about PGIM Floating Rate Income Fund- Class Z (FRFZX).
Sector Focus
Financial Services
Industry
Asset Management - Income
Inception Date
31 Mar 2011
Country
US
Description
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.
FRFZX Fund Performance
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