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ETFs

PGIM Floating Rate Income ETF

PFRL
$--
Today’s Change
-- (--)

Snapshot
*

Inception Date
May 17 2022
Expense Ratio
0.72%
Type
Global Bonds
Fund Owner
PGIM Investments
Volume (1m avg. daily)
$120,830
AUM
$53,984,260
Associated Index
None
Inverse/Leveraged
No
Passive/Active
Active
Fractionable on Composer
No
Prospectus
View

Top 10 Holdings

n/a
JPMorgan Chase & Co. - FXDFR PRF PERPETUAL USD 1000 - Ser HH
2.31%
NWTD
Wells Fargo Depositary Shs Repr 1/25th Non-Cum Perp Pfd Shs -A- Series -S-
1.81%
n/a
PRUDENTIAL CORE GOV MM FU
1.54%
n/a
INTELSAT JACKSON 02/01/29
0.96%
GS5287988
Goldman Sachs Group, Inc. Depositary Shs Repr 1/25th Fix/Fltg Non-Cum Red Perp Pfd Rg Shs Ser V
0.92%
C4881199
Citigroup Inc. Depositary Shs Repr 1/25th Non-Cum Perp Red Pfd Registered Shs Series U
0.87%
n/a
AADVANTAGE LOYAL 04/20/28
0.79%
n/a
BOMBARDIER RECRE 12/08/29
0.78%
n/a
BANK OF AMERICA CORP
0.74%
n/a
WELF 2018-3A A1A
0.73%
Invest with PFRL

What is PFRL?

Under normal market conditions, the Fund invests at least 80% of its investable assets (net assets plus borrowings for investment purposes, if any) in floating rate loans and other floating rate debt securities. Floating rate loans and other floating rate debt obligations have interest rates which adjust or "float" periodically (normally on a monthly or quarterly basis) based on a generally recognized base rate such as the London Interbank Offered Rate ("LIBOR"), the Secured Overnight Financing Rate ("SOFR") or the prime rate offered by one or more major U.S. banks. Floating rate loans (often referred to as "bank loans") are arranged through private negotiations between a corporation or other institution that is the borrower and one or more financial institutions that are the lenders. The Fund is an actively managed exchange-traded fund ("ETF") and, thus, does not seek to replicate the performance of a specified index.

ETFs related toPFRL

ETFs correlated to PFRL include LONZ, FLBL, FTSL

PFRL
PGIM ETF Trust - PGIM Floating Rate Income ETF
LONZ
Pimco Exchange Traded Fund - PIMCO Senior Loan Active ExchangeTraded Fund
FLBL
Franklin Templeton ETF Trust - Franklin Senior Loan ETF
FTSL
First Trust Exchange-Traded Fund III - First Trust Senior Loan Fund ETF
SRLN
SSgA Active Trust - SPDR Blackstone Senior Loan ETF
BKLN
Invesco Capital Management LLC - Invesco Senior Loan ETF
GWX
SSgA Active Trust - SPDR S&P International Small Cap ETF
VPL
Vanguard Group, Inc. - Vanguard FTSE Pacific ETF
FNDC
Schwab Strategic Trust - Schwab Fundamental International Small Company Index ETF
AVDV
American Century ETF Trust - Avantis International Small Cap Value ETF
SCZ
BlackRock Institutional Trust Company N.A. - iShares MSCI EAFE Small-Cap ETF

What is ETF correlation?

Correlation is a measure of the strength of the relationship between two ETFs. It quantifies the degree to which prices of the two ETFs typically move together.

Here, correlation is measured over the past year with the Pearson correlation coefficient (Pearon’s r), which ranges from -1 to 1.

Using ETF correlations in portfolio and strategy construction

ETF correlations can help you create investing strategies and portfolios. Use them to:

  • •Build a diversified portfolio from uncorrelated or inversely correlated ETFs with the aim of minimizing portfolio risk.
  • •Compare correlated or related ETFs to find one with a lower expense ratio or higher trading volume.
  • •Create an investing strategy that hedges an ETF with an uncorrelated or inversely correlated ETF.

Automated Strategies
Related toPFRL

#SPYMIN

SPY minimum drawdown

Category

Community

Risk Rating

Aggressive

#HFEAR

Hedgefundie's Excellent Adventure Refined

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Balance Risk Not Assets, Lever Up, Composer's Picks

Risk Rating

Aggressive

Create your own algorithmic trading strategy with PFRL using Composer

FAQ

PFRL is a Global Bonds ETF. Under normal market conditions, the Fund invests at least 80% of its investable assets (net assets plus borrowings for investment purposes, if any) in floating rate loans and other floating rate debt securities. Floating rate loans and other floating rate debt obligations have interest rates which adjust or "float" periodically (normally on a monthly or quarterly basis) based on a generally recognized base rate such as the London Interbank Offered Rate ("LIBOR"), the Secured Overnight Financing Rate ("SOFR") or the prime rate offered by one or more major U.S. banks. Floating rate loans (often referred to as "bank loans") are arranged through private negotiations between a corporation or other institution that is the borrower and one or more financial institutions that are the lenders. The Fund is an actively managed exchange-traded fund ("ETF") and, thus, does not seek to replicate the performance of a specified index.

Yes, PFRL is actively managed. In an actively managed fund, the fund manager makes decisions about how funds are invested. A passively managed fund typically tries to track or follow a market index.

No, PFRL is not passively managed. It is actively managed. A passively managed fund typically tries to track or follow a market index. In an actively managed fund, the fund manager makes decisions about how funds are invested.

The 1-month return on PFRL is -0.0151%. This is the percent change in the value of PFRL over the most recent 1-month period. The 3-month return on PFRL is 0.0199%. This is the percent change in the value of PFRL over the most recent 3-month period.

ETFs similar to PFRL include BIV, MINT, and BLV.

ETFs correlated to PFRL include LONZ, FLBL, and FTSL.

ETFs that are inversely correlated to PFRL include EFZ, HIBS, and TWM.

Disclaimers

*

We show information directly obtained from our data provider, Xignite. Data shown here is provided by Xignite, an unaffiliated third party. Composer believes the information shown here is reliable, but has not been verified and there is no guarantee that the information is accurate.

**

We show information based on calculations performed by Composer using data from our provider. Information provided here is based on calculations performed by Composer using data sourced from Xignite, an unaffiliated third party. Composer believes this information is reliable, but has not verified the data and there is no guarantee that the calculations are accurate.