PGIM Floating Rate Income Fund (FRFZX) belongs to the Bank Loan category. Below you'll find alternative mutual funds from the same category, ranked by key criteria, plus funds that investors commonly compare with FRFZX. Use the tables to find lower-cost options, better risk-adjusted returns, or a closer substitute for your current allocation.
Cheapest Alternatives to FRFZX
FRFZX charges 0.70% annually. There are 13 mutual funds in the Bank Loan category with lower expense ratios, going as low as 0.41%.
| Symbol | Name | Expense Ratio | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 0.41% | — | Jan 2017 | FRFZX vs XPTFX | |
| Eaton Vance Floating-Rate Advantage Fund | 0.47% | — | Mar 2008 | FRFZX vs EIFAX | |
| Shenkman Capital Floating Rate High Income Fund | 0.54% | — | Oct 2014 | FRFZX vs SFHIX | |
| T. Rowe Price Institutional Floating Rate Fund | 0.57% | — | Jan 2008 | FRFZX vs RPIFX | |
| Lord Abbett Floating Rate Fund | 0.60% | — | Dec 2007 | FRFZX vs LFRIX |
Best Risk-Adjusted Alternatives to FRFZX
FRFZX has a PortfoliosLab risk / return rank of 97. There are 5 mutual funds in the Bank Loan category with higher risk-adjusted ranks, going as high as 100.
| Symbol | Name | Risk / Return Rank | AUM | Inception | |
|---|---|---|---|---|---|
| Cliffwater Corporate Lending Fund Class I Shares | 100 | — | Jun 2019 | FRFZX vs CCLFX | |
| RiverPark Floating Rate CMBS Fund | 100 | — | Sep 2016 | FRFZX vs RCRIX | |
| Calamos Aksia Alternative Credit and Income Fund C... | 99 | — | Jun 2023 | FRFZX vs CAPIX | |
| Payden Floating Rate Fund | 98 | — | Nov 2013 | FRFZX vs PYFRX | |
| Virtus Seix Floating Rate High Income Fund | 98 | — | Feb 2006 | FRFZX vs SAMBX |
Top Performing FRFZX Alternatives (YTD)
FRFZX is at 2.71% YTD. There are 6 mutual funds in the Bank Loan category with higher YTD returns, going as high as 3.95%.
| Symbol | Name | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|
| Federated Hermes Project and Trade Finance Tender ... | 3.95% | — | Jan 2017 | FRFZX vs XPTFX | |
| Cliffwater Corporate Lending Fund Class I Shares | 3.28% | — | Jun 2019 | FRFZX vs CCLFX | |
| BlackRock Floating Rate Income Trust | 3.20% | — | Aug 2004 | FRFZX vs BGT | |
| Calamos Aksia Alternative Credit and Income Fund C... | 3.16% | — | Jun 2023 | FRFZX vs CAPIX | |
| Victory Floating Rate Fund | 2.96% | — | Dec 2009 | FRFZX vs RSFYX |
Lowest Volatility Alternatives to FRFZX
FRFZX has 2.29% 1-year volatility. There are 18 mutual funds in the Bank Loan category with lower 1-year volatility, going as low as 0.76%.
| Symbol | Name | Volatility 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | 0.76% | — | Sep 2016 | FRFZX vs RCRIX | |
| Cliffwater Corporate Lending Fund Class I Shares | 0.85% | — | Jun 2019 | FRFZX vs CCLFX | |
| Payden Floating Rate Fund | 1.25% | — | Nov 2013 | FRFZX vs PYFRX | |
| BNY Mellon Floating Rate Income Fund | 1.35% | — | Sep 2013 | FRFZX vs DFLYX | |
| Donoghue Forlines Risk Managed Income Fund | 1.69% | — | Dec 2017 | FRFZX vs FLOTX |
Lowest Drawdown Alternatives to FRFZX
FRFZX has a 1-year max drawdown of -0.85%. There are 3 mutual funds in the Bank Loan category with shallower 1-year drawdowns, going as shallow as -0.19%.
| Symbol | Name | Max Drawdown 1Y | AUM | Inception | |
|---|---|---|---|---|---|
| RiverPark Floating Rate CMBS Fund | -0.19% | — | Sep 2016 | FRFZX vs RCRIX | |
| Cliffwater Corporate Lending Fund Class I Shares | -0.19% | — | Jun 2019 | FRFZX vs CCLFX | |
| Virtus Seix Floating Rate High Income Fund | -0.78% | — | Feb 2006 | FRFZX vs SAMBX | |
| Virtus Newfleet Senior Floating Rate Fund | -0.88% | — | Jan 2008 | FRFZX vs PSFIX | |
| Transamerica Floating Rate Fund | -0.93% | — | Oct 2013 | FRFZX vs TFLIX |
Other Mutual Funds from PGIM
The 10 most viewed PGIM mutual funds shown here include PJFAX, PHYQX, PTRQX and span 7 categories.
| Symbol | Name | Category | Risk / Return Rank | YTD Return | AUM | Inception | |
|---|---|---|---|---|---|---|---|
| PGIM Jennison Growth Fund | Large Cap Growth Equities | 11 | 2.54% | — | Nov 1995 | FRFZX vs PJFAX | |
| PGIM High Yield Fund Class R6 | High Yield Bonds | 65 | 1.16% | — | Oct 2011 | FRFZX vs PHYQX | |
| PGIM Total Return Bond R6 | Intermediate Core-Plus Bond | 26 | -0.45% | — | Dec 2010 | FRFZX vs PTRQX | |
| PGIM Total Return Bond Fund Class Z | Intermediate Core-Plus Bond | 24 | -0.50% | — | Jan 1997 | FRFZX vs PDBZX | |
| PGIM 60/40 Allocation Fund | Diversified Portfolio | 76 | 6.54% | — | Sep 2017 | FRFZX vs PALDX | |
| PGIM Short Duration Multi-Sector Bond Fund | Short-Term Bond | 63 | 0.95% | — | Dec 2013 | FRFZX vs SDMZX | |
| PGIM High Yield Fund | High Yield Bonds | 63 | 0.98% | — | Jan 1990 | FRFZX vs PBHAX | |
| PGIM Short Duration High Yield Income Fund | High Yield Bonds | 67 | 1.05% | — | Oct 2012 | FRFZX vs HYSZX | |
| PGIM Jennison International Opportunities Fund | Foreign Large Cap Equities | 7 | 2.22% | — | Jun 2012 | FRFZX vs PWJZX | |
| PGIM Jennison Small Company Fund | Small Cap Growth Equities | 67 | 13.62% | — | Jan 1990 | FRFZX vs PGOAX |
Often Compared With FRFZX
Investors most often compare FRFZX with ICMUX, PFRL, MNHAX. These 20 comparison targets span 12 categories, based on PortfoliosLab usage data.
Compare FRFZX with Any Fund or Stock
Compare FRFZX with any ETF, mutual fund, or stock using PortfoliosLab's comparison tool.
Pair FRFZX with funds that move differently
PGIM Floating Rate Income Fund alternatives help with substitution. Diversifiers are the next step when you want funds with lower historical correlation to FRFZX.
Explore FRFZX Diversifiers