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Morningstar

PGIM Absolute Return Bond R6 PADQX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 8.79  /  0.02 %
  • Total Assets 1.1 Bil
  • Adj. Expense Ratio
    0.650%
  • Expense Ratio 0.650%
  • Distribution Fee Level Average
  • Share Class Type Retirement, Large
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Medium / Limited
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 4.43%
  • Effective Duration 0.16 years

USD | NAV as of Jun 06, 2023 | 1-Day Return as of Jun 06, 2023, 11:35 PM GMT+0

Morningstar’s Analysis PADQX

Will PADQX 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 PADQX’s performance objective and investment process is for both security selection and portfolio construction.

People Pillar

The People Pillar is our evaluation of the PADQX 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 PADQX’s parent organization’s priorities and whether they’re in line with investors’ interests.

A strong management team and sound investment process underpin PGIM Absolute Return Bond R6's Morningstar Medalist Rating of Silver.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a sizable cost advantage over competitors, priced within the lowest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PADQX

More PADQX 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

PGIM Core Short-Term Bond

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
Derivative

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