Morningstar

PGIM Absolute Return Bond Fund- Class Z PADZX

Morningstar Medalist Rating
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Medalist Rating as of See PGIM Investment Hub
  • NAV / 1-Day Return $9.07  /  0.00
  • Fund Size $4.0B
  • Adjusted Expense Ratio 0.730%
  • Net Expense Ratio 0.720%
  • Fee Level: Distribution Below Average
  • Share Class Type Institutional
  • Morningstar Category Nontraditional Bond
  • Fixed-Income Style Box (Funds) —
  • Minimum Initial Investment —
  • Investment Status Open
  • TTM Yield 4.95%
  • Average Effective Duration 0.57 yrs
NAV and 1-Day Return as of

Morningstar’s Analysis PADZX

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

  • People Pillar

    The People Pillar is our evaluation of the PADZX 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 PADZX’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 Z 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 PADZX

More PADZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 26.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

PGIM AAA CLO ETF

9.56 382M
—

United States Treasury Notes 3.875%

3.45 138M
Government

United States Treasury Notes 4.375%

2.62 105M
Government

Usd/Eur Fwd 20261022 57918

2.53 101M
Derivative

Usd/Eur Fwd 20261022 0997

2.47 99M
Derivative

Usd/Eur Fwd 20261022 00651

2.11 84M
Derivative

United States Treasury Notes 4.625%

1.82 73M
Government

United States Treasury Bonds 4.125%

1.75 70M
Government

United States Treasury Notes 4%

1.72 69M
Government

Usd/Gbp Fwd 20261022 Deutgb22

1.63 65M
Derivative

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