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Morningstar

PGIM Absolute Return Bond Z PADZX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 9.11  /  +0.02 %
  • Total Assets 2.0 Bil
  • Adj. Expense Ratio
    0.730%
  • Expense Ratio 0.730%
  • Distribution Fee Level Average
  • Share Class Type Institutional
  • Category Nontraditional Bond
  • Credit Quality / Interest Rate Sensitivity Medium/Limited
  • Min. Initial Investment —
  • Status Open
  • TTM Yield 5.90%
  • Effective Duration 0.25 years

USD | NAV as of Apr 24, 2024 | 1-Day Return as of Apr 24, 2024, 12:10 AM GMT+0

Morningstar’s Analysis PADZX

Will PADZX 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 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.

Strength in PGIM Absolute Return Bond Z's People Pillar is partially offset by an Average Process Pillar rating, leading to a Morningstar Medalist Rating of Neutral.

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-cheapest fee quintile among peers.

by Morningstar Manager Research
Rated on Published on

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Portfolio Holdings PADZX

More PADZX Holdings
  • Current Portfolio Date
  • Equity Holdings —
  • Bond Holdings —
  • Other Holdings —
  • % Assets in Top 10 Holdings 32.2
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4%

6.87 129.2 Mil
Government

PGIM Core Short-Term Bond

6.29 118.4 Mil
—

United States Treasury Notes 4.25%

5.82 109.6 Mil
Government

Prudential Govt Money Mkt Fd

4.02 75.6 Mil
Cash and Equivalents

United States Treasury Notes 4.625%

3.35 63.0 Mil
Government

Usd/Eur Fwd 20240419 0997

3.12 58.8 Mil
Derivative

United States Treasury Notes 0.375%

2.65 50.0 Mil
Government

Usd/Eur Fwd 20240419 2568

2.60 49.0 Mil
Derivative

Pmt Cr Risk Transfer Tr 2024-1 144A FRN 8.81%

1.80 33.9 Mil
Corporate

Usd/Eur Fwd 20240419 955

1.73 32.6 Mil
Derivative