Morningstar

PGIM Absolute Return Bond Fund- Class A PADAX

Morningstar Medalist Rating
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Medalist Rating as of See PGIM Investment Hub
  • NAV / 1-Day Return$9.04  /  0.00
  • Fund Size$3.9B
  • Adjusted Expense Ratio0.950%
  • Net Expense Ratio0.940%
  • Fee Level: DistributionLow
  • Share Class TypeFront Load
  • Morningstar CategoryNontraditional Bond
  • Fixed-Income Style Box (Funds)—
  • Minimum Initial Investment$1,000
  • Investment StatusOpen
  • TTM Yield4.76%
  • Average Effective Duration0.57 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PADAX

Will PADAX outperform in the future?

Get our overall rating based on a fundamental assessment of the pillars below.

  • Process Pillar

    The Process Pillar is our assessment of how sensible, clearly defined, and repeatable PADAX’s performance objective and investment process is for both security selection and portfolio construction.

  • People Pillar

    The People Pillar is our evaluation of the PADAX management team’s experience and ability. We find that high-quality management teams deliver superior performance relative to their benchmarks and/or peers.

  • Parent Pillar

    The Parent Pillar is our rating of PADAX’s parent organization’s priorities and whether they’re in line with investors’ interests.

null Morningstar Automated Analysis

Morningstar Automated Analysis

Summary

PGIM Absolute Return Bond A holds a quantitatively derived Gold Morningstar Medalist Rating. The rating reflects that it has scored particularly well on factors Morningstar research associates with future outperformance relative to category peers.

by Morningstar Automated Analysis
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Portfolio Holdings PADAX

More PADAX Holdings
  • Current Portfolio Date
  • Equity Holdings—
  • Bond Holdings—
  • Other Holdings—
  • % Assets in Top 10 Holdings26.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PGIM AAA CLO ETF

9.56382M
—

United States Treasury Notes 3.875%

3.45138M
Government

United States Treasury Notes 4.375%

2.62105M
Government

Usd/Eur Fwd 20261022 57918

2.53101M
Derivative

Usd/Eur Fwd 20261022 0997

2.4799M
Derivative

Usd/Eur Fwd 20261022 00651

2.1184M
Derivative

United States Treasury Notes 4.625%

1.8273M
Government

United States Treasury Bonds 4.125%

1.7570M
Government

United States Treasury Notes 4%

1.7269M
Government

Usd/Gbp Fwd 20261022 Deutgb22

1.6365M
Derivative

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