Positive
Seeking Alpha
11 months ago
PFRL: Floating Rate Income ETF Offers A Stable High Yield Without NAV Erosion
PGIM Floating Rate Income ETF offers high current income and potential capital appreciation by investing primarily in senior floating rate loans. The PFRL ETF's portfolio is diversified, consisting mostly of bank loans, and has outperformed peers with a YTD return of over 8% and a one-year total return of 10.76%. Despite potential rate cuts, PFRL remains attractive due to its ability to adjust loan rates and maintain stable NAV, making it a compelling income investment.
