PADAX – PGIM Absolute Return Bond A Investment Strategy | Morningstar

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Strategy

The investment seeks positive returns over the long term, regardless of market conditions. The fund invests at least 80% of its investable assets (net assets plus borrowings for investment purposes, if any) in debt securities (generally referred to as "bonds") and/or investments that provide exposure to bonds. It may invest up to 50% of its total assets in debt securities that are rated below investment grade (which are sometimes referred to as "junk bonds") or, if unrated, of comparable quality at the time of purchase as determined by the fund's subadviser.

Ticker	Name	Share Class Type	Investment Status	Morningstar Rating for Funds Overall	Medalist Rating Overall	Inception Date	Total Net Assets for Share Class	Adjusted Expense Ratio	Fee Level Distribution	Minimum Initial Investment	1-Year Net Flow
PADZX	PGIM Absolute Return Bond Fund- Class Z	Institutional	Open			Mar 30, 2011	$3.46B	0.730%	Below Average	—	$266.69M
PADAX	PGIM Absolute Return Bond Fund- Class A	Front Load	Open			Mar 30, 2011	$199.35M	0.950%	Low	$1,000	−$9.85M
PADCX	PGIM Absolute Return Bond Fund- Class C	Level Load	Open			Mar 30, 2011	$55.40M	1.720%	Below Average	$1,000	−$3.41M
PADQX	PGIM Absolute Return Bond Fund- Class R6	Retirement, Large	Open			Mar 30, 2011	$222.86M	0.630%	Average	—	$34.85M

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