PGIM Floating Rate Income Fund- Class Z (FRFZX) Stock
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.
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About PGIM Floating Rate Income Fund- Class Z
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.
PGIM Floating Rate Income Fund- Class Z is headquartered in US.
PGIM Floating Rate Income Fund- Class Z (FRFZX) stock trades at $8.92 with a market capitalization of $2.03B. The stock is valued at a price-to-earnings (P/E) ratio of -34.31, price-to-book of 2031.19, price-to-sales of 45877.78. Over the past 52 weeks the stock has ranged between $8.80 and $9.08, and currently trades 1.8% below its 52-week high. It pays a dividend yielding 6.28%.
On profitability, PGIM Floating Rate Income Fund- Class Z generates a return on equity (ROE) of -2.67%, return on capital employed of 4.07%, an operating margin of 79.88%, a net profit margin of -33.89%.
Official website: www.pgim.com/us/en/individual/investment-capabilities/products/mutual-funds/pgim-floating-rate-income-fund