Morningstar

PGIM Absolute Return Bond Z PADZX

Morningstar Medalist Rating
Medalist Rating as of | See PGIM Investment Hub
  • NAV / 1-Day Return 9.13  /  +0.01 %
  • Total Assets 2.6 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 —
  • Min. Initial Investment 0
  • Status Open
  • TTM Yield 5.89%
  • Effective Duration —

USD | NAV as of Oct 03, 2024 | 1-Day Return as of Oct 03, 2024, 10:16 PM 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.

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

null Morningstar Manager Research

Morningstar Manager Research

Summary

The portfolio maintains a cost advantage over competitors, priced within the second-lowest 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 22.6
Top 10 Holdings
% Portfolio Weight
Market Value USD
Sector

United States Treasury Notes 4%

7.59 190.3 Mil
Government

Usd/Eur Fwd 20241021 0997

7.25 181.8 Mil
Derivative

United States Treasury Notes 4.25%

5.59 140.2 Mil
Government

United States Treasury Bonds 3.375%

4.06 101.7 Mil
Government

PGIM Ultra Short Bond ETF

3.18 79.6 Mil
—

Usd/Eur Fwd 20241021 5

2.86 71.6 Mil
Derivative

Usd/Eur Fwd 20241021 Midlgb22

2.86 71.6 Mil
Derivative

United States Treasury Notes 0.375%

2.04 51.1 Mil
Government

Usd/Gbp Fwd 20241021 2568

1.89 47.4 Mil
Derivative

Usd/Cnh Fwd 20240919 Mslngb2x

1.72 43.1 Mil
Derivative

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