PGIM Absolute Return Bond Fund - Class C (PADCX)

Fund Assets	3.83B
Expense Ratio	1.72%
Min. Investment	$1,000
Turnover	102.00%
Dividend (ttm)	0.36
Dividend Yield	4.01%
Dividend Growth	-2.32%
Payout Frequency	Monthly
Ex-Dividend Date	Sep 30, 2026

Previous Close	9.09
YTD Return	1.80%
1-Year Return	2.93%
5-Year Return	15.68%
52-Week Low	9.09
52-Week High	9.24
Beta (5Y)	0.33
Holdings	1177
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.

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

Performance

PADCX had a total return of 2.93% in the past year, including dividends. Since the fund's inception, the average annual return has been 2.41%.

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%
PADAX	Class A	0.95%

Dividend History

Ex-Dividend	Amount	Pay Date
Sep 30, 2026	$0.02967	Sep 30, 2026
Aug 31, 2026	$0.03156	Aug 31, 2026
Jul 31, 2026	$0.02673	Jul 31, 2026
Jun 30, 2026	$0.02643	Jun 30, 2026
May 29, 2026	$0.02844	May 29, 2026
Apr 30, 2026	$0.0298	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

Data Sources Report a data error