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PGIM Floating Rate Income ETF
PFRL (PGIM Floating Rate Income ETF) is an active Fixed Income ETF by PGIM. With a 0.72% MER, it provides diversified exposure through 303 holdings. Monthly distribution with a 7.82% yield.
PFRL is actively managed by PGIM's investment team, which selects holdings with the goal of outperforming a benchmark index.
With a 0.72% MER, its fees are in line with category averages. It pays a monthly distribution with a 7.82% yield, making it attractive for income-seeking investors.
This ETF is suited for investors seeking stability and capital preservation. It can serve as a defensive component in a diversified portfolio or as a temporary cash parking option.