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PGIM Absolute Return Bond Z PADZX

Quantitative rating as of
NAV / 1-Day Return
8.84  /  0.10 %
Total Assets
1.3 Bil
Adj. Expense Ratio
0.730%
Expense Ratio
0.730%
Distribution Fee Level
Below Average
Share Class Type
Institutional
Category
Nontraditional Bond
Credit Quality / Interest Rate Sensitivity
Medium / Limited
Min. Initial Investment
0
Status
Open
TTM Yield
2.62%
Effective Duration
0.09 years

Morningstar’s Analysis PADZX

Will PADZX outperform in future?

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

Summary

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A sound investment process and strong management team underpin PGIM Absolute Return Bond Z's Morningstar Quantitative Rating of Bronze. The portfolio maintains a sizable cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

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