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Morningstar

PGIM Absolute Return Bond A PADAX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 8.79  /  0.01 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.980%
  • Expense Ratio 0.980%
  • Distribution Fee Level Below Average
  • Share Class Type Front Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.11%
  • Effective Duration 0.16 years

USD | NAV as of Jun 05, 2023 | 1-Day Return as of Jun 05, 2023, 11:46 PM GMT+0

Morningstar’s Analysis PADAX

Will PADAX outperform in 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 Manager Research

Morningstar Manager Research

Summary

A sound investment process and strong management team underpin PGIM Absolute Return Bond A's Morningstar Medalist Rating of Bronze. The strategy charges fees in line with its similarly distributed peers, priced within the middle quintile.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PADAX

More PADAX Holdings
  • Current Portfolio Date
  • Equity Holdings 6
  • Bond Holdings 510
  • Other Holdings 322
  • % Assets in Top 10 Holdings 29.4
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

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9.25
112,079,789
—

United States Treasury Bonds 2.25%

4.93
59,729,273
Government

United States Treasury Notes 1.75%

2.93
35,518,555
Government

Usd/Eur Fwd 20230719 Bnpafrpp

2.90
35,172,640
Derivative

Usd/Eur Fwd 20230719 57918

2.87
34,723,591
Derivative

Usd/Eur Fwd 20230719 Mslngb2x

2.82
34,101,010
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United States Treasury Notes 4.25%

2.56
31,016,667
Government

Usd/Cnh Fwd 20230523 Mslngb2x

2.07
25,116,412
Derivative

Usd/Jpy Fwd 20231031 955

2.03
24,573,000
Derivative

United States Treasury Notes 2.375%

1.93
23,351,406
Government