PFRL: Floating Rate Income ETF Offers A Stable High Yield Without NAV Erosion
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The PGIM Floating Rate Income ETF (PFRL) offers high current income and potential capital appreciation by investing in senior floating rate loans. It 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.
November 05, 2024 | 11:00 pm
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POSITIVE IMPACT
PGIM Floating Rate Income ETF (PFRL) has shown strong performance with over 8% YTD return and 10.76% one-year total return. Its diversified portfolio of senior floating rate loans allows it to adjust to rate changes, maintaining a stable NAV.
PFRL's strong performance metrics and ability to adjust to rate changes make it a compelling investment. The ETF's diversified portfolio and stable NAV are attractive features, especially in a potentially volatile interest rate environment.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100