Morningstar

PGIM Absolute Return Bond Fund- Class A PADAX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 9.15  /  −0.11 %
  • Total Assets 3.7B
  • Adj. Expense Ratio
    0.950%
  • Expense Ratio 0.940%
  • Distribution Fee Level Low
  • Share Class Type Front Load
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity —
  • Min. Initial Investment 1,000
  • Status Open
  • TTM Yield 4.81%
  • Effective Duration 0.67 years

USD | NAV as of Jul 13, 2026 | 1-Day Return as of Jul 13, 2026, 10:22 PM GMT+0

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 Holdings 20.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

Prudential Govt Money Mkt Fd

6.66 243M
Cash and Equivalents

PGIM AAA CLO ETF

4.44 162M
—

Usd/Eur Fwd 20260722 221

3.43 125M
Derivative

Usd/Eur Fwd 20260722 2568

3.41 124M
Derivative

Usd/Eur Fwd 20260722 0997

3.36 122M
Derivative

PGIM Ultra Short Bond ETF

3.20 116M
—

United States Treasury Notes 4.375%

3.11 113M
Government

United States Treasury Notes 3.875%

2.85 104M
Government

United States Treasury Bonds 4.125%

2.08 76M
Government

United States Treasury Notes 4%

1.89 69M
Government

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