PGIM Absolute Return Bond Fund - Class A (PADAX)

Fund Assets	3.83B
Expense Ratio	0.95%
Min. Investment	$1,000
Turnover	102.00%
Dividend (ttm)	0.43
Dividend Yield	4.79%
Dividend Growth	-2.40%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.06
YTD Return	2.33%
1-Year Return	3.66%
5-Year Return	19.68%
52-Week Low	9.06
52-Week High	9.21
Beta (5Y)	0.33
Holdings	1177
Inception Date	Mar 30, 2011

About PADAX

PGIM Absolute Return Bond Fund Class A is a mutual fund designed to pursue positive returns over the long term, irrespective of prevailing market conditions. The fund primarily invests at least 80% of its assets in a diversified portfolio of fixed income instruments, which can include government bonds, money market instruments, repurchase agreements, and asset-backed securities. Notably, it maintains a flexible mandate, seeking opportunities across global fixed income sectors and may deploy various securities and hedging techniques to manage risk and optimize return potential. The fund’s goal is not to track a specific benchmark, but to deliver absolute performance over different market cycles, making it a distinctive option for investors seeking consistent bond exposure with potential for downside protection. With over 1,200 individual holdings and assets exceeding $1 billion, it has significant diversification across credit types and maturities. Regular monthly dividends further reflect its income-oriented approach. PGIM, as the fund’s management company, leverages global research and active risk management to pursue its investment objective. The fund appeals to investors seeking an all-weather bond solution focused on stability and adaptable investment strategies within the fixed income landscape.

• Fund Family: PGIM
• Category: Abs Return Bond
• Performance Rating: Above Average
• Risk Rating: Average
• Stock Exchange: Nasdaq
• Ticker Symbol: PADAX
• Share Class: Class A
• Index: ICE BofA US 3-Month T Bill TR IX

Performance

PADAX had a total return of 3.66% in the past year, including dividends. Since the fund's inception, the average annual return has been 3.11%.

Other Share Classes

These are alternative share classes of the same fund, from the same provider.

Symbol	Share Class	Expense Ratio
PADQX	Class R6	0.63%
PADZX	Class Z	0.73%
PADCX	Class C	1.72%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.03546	Sep 30, 2026
Aug 31, 2026	$0.03753	Aug 31, 2026
Jul 31, 2026	$0.03264	Jul 31, 2026
Jun 30, 2026	$0.03214	Jun 30, 2026
May 29, 2026	$0.03432	May 29, 2026
Apr 30, 2026	$0.03548	Apr 30, 2026

Data Sources: Tiingo, Twelve Data, and more

Historical data is provided by Tiingo. Delayed stock pricing data is provided by Twelve Data. Several fund data points are also provided by Finnhub.

Last checked:

Oct 3, 2026

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