About PGIM Floating Rate Income ETF (PFRL)

The PGIM Floating Rate Income ETF (PFRL) is an exchange-traded fund that seeks to provide a high level of current income consistent with the preservation of capital. The fund invests in a diversified portfolio of floating rate senior loans, which are debt instruments with variable interest rates that adjust periodically based on changes in market interest rates. These floating rate loans are typically issued by companies with below-investment-grade credit ratings, also known as "junk" or "high-yield" bonds. The fund's investment strategy is based on the belief that floating rate loans can help mitigate the impact of rising interest rates on fixed-income investments.

The price history of PFRL ETF shows that it has generally exhibited stable performance over time. The fund's price has experienced some volatility, reflecting changes in market conditions and investor sentiment. Investors should note that past performance is not indicative of future results.