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.
PGIM Absolute Return Bond Fund- Class Z PADZX
- NAV / 1-Day Return 9.19 / +0.11 %
- Total Assets 3.6B
-
Adj. Expense Ratio
0.730%
- Expense Ratio 0.720%
- Distribution Fee Level Below Average
- Share Class Type Institutional
- Category Nontraditional Bond
- Credit Quality / Interest Rate Sensitivity —
- Min. Initial Investment —
- Status Open
- TTM Yield 5.06%
- Effective Duration 0.67 years
USD | NAV as of Jun 10, 2026 | 1-Day Return as of Jun 10, 2026, 12:10 AM GMT+0
Morningstar’s Analysis PADZX
Will PADZX outperform in the future?
Get our overall rating based on a fundamental assessment of the pillars below.
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.
- Current Portfolio Date
- Equity Holdings —
- Bond Holdings —
- Other Holdings —
- % Assets in Top 10 Holdings 24.2
|
Top 10 Holdings
|
% Portfolio Weight
|
Market Value USD
|
Sector
|
|---|---|---|---|
PGIM AAA CLO ETF | 4.65 | 162M | — |
Usd/Eur Fwd 20260722 221 | 3.59 | 125M | Derivative |
Usd/Eur Fwd 20260722 2568 | 3.57 | 124M | Derivative |
Usd/Eur Fwd 20260722 0997 | 3.52 | 122M | Derivative |
PGIM Ultra Short Bond ETF | 3.35 | 116M | — |
United States Treasury Notes | 3.27 | 114M | Government |
United States Treasury Notes | 2.99 | 104M | Government |
Prudential Govt Money Mkt Fd | 2.21 | 77M | Cash and Equivalents |
United States Treasury Bonds | 2.18 | 76M | Government |
United States Treasury Notes | 1.99 | 69M | Government |
United States