PGIM Absolute Return Bond Fund - Class C (PADCX)
| Fund Assets | 3.44B |
| Expense Ratio | 1.75% |
| Min. Investment | $1,000 |
| Turnover | 102.00% |
| Dividend (ttm) | 0.37 |
| Dividend Yield | 4.09% |
| Dividend Growth | -8.06% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Feb 27, 2026 |
| Previous Close | 9.16 |
| YTD Return | 0.52% |
| 1-Year Return | 3.95% |
| 5-Year Return | 17.96% |
| 52-Week Low | 9.06 |
| 52-Week High | 9.18 |
| Beta (5Y) | n/a |
| Holdings | 1310 |
| Inception Date | Mar 30, 2011 |
About PADCX
PGIM Absolute Return Bond Fund Class C is a mutual fund focused on providing positive returns over the long term, irrespective of market conditions. Managed under the PGIM brand, which is part of Prudential Financial, this fund invests at least 80% of its assets in a broad array of fixed income securities spanning both domestic and international markets. Its portfolio includes investment grade and high yield corporate bonds, government securities, asset-backed securities (ABS), commercial mortgage-backed securities (CMBS), non-agency mortgage-backed securities, bank loans, and emerging market debt, offering investors extensive sector diversification. Key features of the fund include an average maturity around 5.6 years and a notably low duration of 0.3 years, emphasizing its focus on managing interest rate risk. Credit quality allocation is diverse, balancing AAA-rated instruments with exposures to below investment grade and unrated securities. This approach makes the fund suitable for those seeking current income and capital appreciation while navigating varied economic environments. PGIM Absolute Return Bond Fund Class C plays a significant role in providing fixed income diversification and aims to dampen volatility compared to more traditional bond funds by employing flexible strategies across multiple sectors.
Performance
PADCX had a total return of 3.95% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.37%.
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Feb 27, 2026 | $0.02916 | Feb 27, 2026 |
| Jan 30, 2026 | $0.02856 | Jan 30, 2026 |
| Dec 31, 2025 | $0.03574 | Dec 31, 2025 |
| Nov 28, 2025 | $0.03262 | Nov 28, 2025 |
| Oct 31, 2025 | $0.03295 | Oct 31, 2025 |
| Sep 30, 2025 | $0.03037 | Sep 30, 2025 |