Prudential Floating is trading at 9.08 as of the 20th of July 2025; that is 0.11 percent decrease since the beginning of the trading day. The fund's open price was 9.09. Prudential Floating has less than a 16 % chance of experiencing some financial distress in the next two years of operation and had a excellent performance during the last 90 days. The performance scores are derived for the period starting the 21st of April 2025 and ending today, the 20th of July 2025. Click here to learn more.
The fund will invest at least 80 percent of its investable assets in floating rate loans and other floating rate debt securities. It may invest up to 20 percent of its total assets in senior loans that are not secured by any specific collateral. The fund may invest up to 25 percent of its total assets in senior loans made to foreign-domiciled borrowers and other foreign securities, including securities of issuers located in emerging market countries, which may be denominated in U.S. More on Prudential Floating Rate
Prudential Floating Rate [FRFCX] is traded in USA and was established 20th of July 2025. Prudential Floating is listed under PGIM Investments category by Fama And French industry classification. The fund is listed under Bank Loan category and is part of PGIM Investments family. This fund currently has accumulated 2.05 B in assets under management (AUM) with no minimum investment requirementsPrudential Floating Rate is currently producing year-to-date (YTD) return of 2.92% with the current yeild of 0.08%, while the total return for the last 3 years was 8.9%.
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Other Information on Investing in Prudential Mutual Fund
Prudential Floating financial ratios help investors to determine whether Prudential Mutual Fund is cheap or expensive when compared to a particular measure, such as profits or enterprise value. In other words, they help investors to determine the cost of investment in Prudential with respect to the benefits of owning Prudential Floating security.