PADQX Performance — PGIM Absolute Return Bond Fund, Class R6
Data updated: 2026-09-29
PADQX returned +2.75% year to date and +5.30% over one year to Jul 2026. Annualised returns are +6.50% over 3 years and +4.51% over 5 years. The fund beat its Ultrashort Core Bond category average: $100 invested three years ago grew to $121, against $116 for the category, and to $105 over one year, against $104. Volatility over the past three years was 1.02% a year. In the 12 months to Jul 2026 the fund took in a net $185.9M, and assets reached $3.69B.
PADQX Growth of $100
What $100 invested in PGIM Absolute Return Bond Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Ultrashort Core Bond category average over the same months.
| Period | PADQX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $105 | $104 |
| 3 years (Aug 2023 – Jul 2026) | $121 | $116 |
| 5 years (Aug 2021 – Jul 2026) | $125 | $119 |
| Since data start (Aug 2019 – Jul 2026) | $132 | $122 |
PADQX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +2.75% |
| 1 year | +5.30% |
| 3 years (annualised) | +6.50% |
| 5 years (annualised) | +4.51% |
PADQX Annual Returns
Calendar-year total returns of PGIM Absolute Return Bond Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +2.75% |
| 2025 | +5.28% |
| 2024 | +7.94% |
| 2023 | +7.95% |
| 2022 | −1.21% |
| 2021 | +2.33% |
| 2020 | +0.53% |
| 2019 (Aug–Dec) | +2.78% |
PADQX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +0.5% | +0.4% | −0.1% | +0.9% | +0.6% | +0.3% | +0.2% | — | — | — | — | — |
| 2025 | +0.6% | +0.4% | +0.1% | −0.1% | +0.7% | +0.5% | +0.5% | +0.8% | +0.3% | +0.6% | +0.2% | +0.6% |
| 2024 | +0.9% | +1.0% | +0.7% | +0.7% | +0.6% | +0.2% | +0.6% | +0.4% | +0.7% | +0.7% | +0.6% | +0.6% |
| 2023 | +0.7% | +0.7% | −0.6% | +0.5% | +0.7% | +1.2% | +1.1% | +0.5% | +0.5% | +0.2% | +1.2% | +1.0% |
| 2022 | −0.3% | −1.1% | +0.4% | −0.5% | −0.4% | −1.1% | −0.3% | +1.1% | −0.2% | +0.2% | +0.5% | +0.6% |
| 2021 | +0.6% | −0.1% | −0.5% | +1.0% | +0.6% | +0.5% | +0.1% | 0.0% | 0.0% | −0.2% | −0.3% | +0.7% |
| 2020 | +0.4% | −1.0% | −13.4% | +3.3% | +3.7% | +2.0% | +2.1% | +0.5% | +0.1% | +0.1% | +2.5% | +1.5% |
| 2019 | — | — | — | — | — | — | — | −0.2% | +1.0% | +0.2% | +0.6% | +1.1% |
PADQX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 1.02%
- 3-year Sharpe ratio: 1.96 (vs 4.5% risk-free rate)
- Best month: +1.25% (Nov 2023)
- Worst month: −0.14% (Apr 2025)
PADQX Fund Flows
Monthly money in and out of PGIM Absolute Return Bond Fund, from SEC Form N-PORT.
- 12-month net flow: $185.9M
- 12-month gross sales (incl. reinvestments): $1.6B
- Sales ÷ redemptions: 1.13×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $202.9M | $107.8M | $95.0M |
| Jun 2026 | $140.7M | $95.3M | $45.4M |
| May 2026 | $166.5M | $89.8M | $76.7M |
| Apr 2026 | $119.3M | $99.7M | $19.5M |
| Mar 2026 | $139.2M | $117.5M | $21.7M |
| Feb 2026 | $153.5M | $122.4M | $31.1M |
| Jan 2026 | $114.5M | $123.9M | −$9.5M |
| Dec 2025 | $94.1M | $139.7M | −$45.6M |
| Nov 2025 | $108.1M | $107.0M | $1.1M |
| Oct 2025 | $139.7M | $181.8M | −$42.2M |
| Sep 2025 | $139.0M | $122.3M | $16.7M |
| Aug 2025 | $116.2M | $140.4M | −$24.2M |
PADQX Assets Under Management
Net assets of PGIM Absolute Return Bond Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $3.69B |
| 2026-04-30 | $3.47B |
| 2026-01-30 | $3.41B |
| 2025-10-31 | $3.46B |
| 2025-07-31 | $3.50B |
| 2025-04-30 | $3.40B |
| 2025-01-31 | $3.09B |
| 2024-10-31 | $2.70B |
| 2024-07-31 | $2.52B |
| 2024-04-30 | $2.05B |
| 2024-01-31 | $1.61B |
| 2023-10-31 | $1.30B |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.