Returns Chart

Key Stats

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Expense Ratio Total Assets Under Management Dividend Yield Turnover Ratio
0.97% 985.76M 2.93% 20.00%
1 Year Fund Level Flows 1 Year Total Returns (Daily) Annualized All Time Total Returns (Daily) Max Drawdown (All)
-749.59M 13.70% Upgrade Upgrade

Basic Info

Investment Strategy
The investment seeks positive returns over the long term, regardless of market conditions. The fund invests at least 80% of its investable assets (net assets plus borrowings for investment purposes, if any) in debt securities (generally referred to as "bonds") and/or investments that provide exposure to bonds. It may invest up to 50% of its total assets in debt securities that are rated below investment grade (which are sometimes referred to as "junk bonds") or, if unrated, of comparable quality at the time of purchase as determined by the fund's subadviser.
General
Security Type Mutual Fund
Oldest Share Symbol PADZX
Equity Style Small Cap/Value
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Nontraditional Bond
Category Index ICE BofA USD 3M Dep OR CM TR USD
Prospectus Objective Income
Fund Owner Firm Name PGIM Funds (Prudential)
Prospectus Benchmark Index
ICE BofA USD 3M Dep OR CM TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Michael Collins 10.10 yrs
Richard Piccirillo 10.10 yrs
Robert Tipp 10.10 yrs
Gregory Peters 7.16 yrs

Net Fund Flows Versus Category

View Net Fund Flows. Upgrade now.
1M
3M
6M
YTD
1Y
3Y
5Y
10Y
 
80.00B
60.00B
40.00B
20.00B
0
-20.00B
1 Month
% Rank: --
-- Category Low
-- Category High
1 Year
% Rank: 94
-749.59M
-8.933B Category Low
6.319B Category High
3 Months
% Rank: --
-- Category Low
-- Category High
3 Years
% Rank: --
-- Category Low
-- Category High
6 Months
% Rank: --
-- Category Low
-- Category High
5 Years
% Rank: --
-- Category Low
-- Category High
YTD
% Rank: --
-- Category Low
-- Category High
10 Years
% Rank: --
-- Category Low
-- Category High
As of April 30, 2021

Performance Versus Category

 
20%
15%
10%
5%
0
View Category Returns. Upgrade now.
Name
1M
3M
YTD
1Y
3Y
5Y
10Y
15Y
Total Return (NAV)
--
--
--
--
--
--
--
--
Category Rtn. (NAV)
--
--
--
--
--
--
--
--
% Rank in Cat (NAV)
--
--
--
--
--
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As of May 05, 2021. Returns for periods of 1 year and above are annualized.

Annual Total Returns Versus Peers

Edit comparables
Name
2014
2015
2016
2017
2018
2019
2020
YTD
1.77%
-1.27%
4.69%
6.53%
0.41%
7.29%
0.31%
0.85%
5.97%
0.55%
2.65%
3.54%
0.01%
8.72%
7.51%
-2.39%
1.21%
-0.48%
4.93%
4.24%
-2.03%
6.92%
6.33%
0.15%
-0.14%
-2.37%
8.92%
3.08%
0.43%
3.72%
1.30%
0.35%
--
0.58%
15.62%
4.64%
-3.01%
9.59%
8.10%
1.61%
--
--
--
--
--
16.73%
5.91%
2.48%
As of May 05, 2021.

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (5-5-21) 2.93%
30-Day SEC Yield (3-31-21) Upgrade
7-Day SEC Yield (5-4-21) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.95%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of March 31, 2021

Asset Allocation

As of March 31, 2021.
Type % Net % Long % Short
Cash 11.82% Upgrade Upgrade
Stock 1.17% Upgrade Upgrade
Bond 85.04% Upgrade Upgrade
Convertible 0.13% Upgrade Upgrade
Preferred 0.73% Upgrade Upgrade
Other 1.10% Upgrade Upgrade

Top 10 Holdings

Name % Weight Price % Change
Strata Clo I Ltd / Strata Clo I FRN 1.83%
1.91% -- --
Ellington Clo Ii Llc 1.89%
1.89% -- --
MidOcean Credit CLO III/MidOcean Credit CLO III LLC 2.02%
1.81% -- --
CENTRAL PARK FUNDING TRUST 1.62%
1.73% -- --
J.P. Morgan Chase Commercial Mortgage Securities Trust 4.61%
1.66% -- --
JPMorgan Chase & Co. 4.6%
1.56% -- --
ANCHORAGE CREDIT OPPORTUNITIES CLO 1 2.17%
1.51% -- --
Dbwf Mtg Tr 2016-85t 3.81%
1.50% -- --
Stonegate Pub Co Ltd
1.41% -- --
United States Treasury Bonds 1.38%
1.36% -- --

Fees & Availability

Fees
Actual 12B-1 Fee Upgrade
Actual Management Fee Upgrade
Administration Fee --
Performance Fee --
Switching Fee --
Transaction Fee --
Maximum Front Load Upgrade
Maximum Deferred Load --
Maximum Redemption Fee --
General Availability
Available for Insurance Product No
Available for Retirement Plan No
Available for RRSP No
Purchase Details
Open to New Investors Yes
Open to Existing Investors Yes
Minimum Initial Investment Upgrade
Minimum Subsequent Investment Upgrade

Basic Info

Investment Strategy
The investment seeks positive returns over the long term, regardless of market conditions. The fund invests at least 80% of its investable assets (net assets plus borrowings for investment purposes, if any) in debt securities (generally referred to as "bonds") and/or investments that provide exposure to bonds. It may invest up to 50% of its total assets in debt securities that are rated below investment grade (which are sometimes referred to as "junk bonds") or, if unrated, of comparable quality at the time of purchase as determined by the fund's subadviser.
General
Security Type Mutual Fund
Oldest Share Symbol PADZX
Equity Style Small Cap/Value
Fixed Income Style Low Quality/Limited Sensitivity
Broad Asset Class Taxable Bond
Broad Category Fixed Income
Category Name Nontraditional Bond
Category Index ICE BofA USD 3M Dep OR CM TR USD
Prospectus Objective Income
Fund Owner Firm Name PGIM Funds (Prudential)
Prospectus Benchmark Index
ICE BofA USD 3M Dep OR CM TR USD 100.0%
Broad Asset Class Benchmark Index
^BBUSATR 100.0%
Manager Tenure
Michael Collins 10.10 yrs
Richard Piccirillo 10.10 yrs
Robert Tipp 10.10 yrs
Gregory Peters 7.16 yrs

Fundamentals

General
Distribution Yield Upgrade
Dividend Yield TTM (5-5-21) 2.93%
30-Day SEC Yield (3-31-21) Upgrade
7-Day SEC Yield (5-4-21) Upgrade
Number of Holdings Upgrade
Bond
Current Yield 4.95%
Yield to Maturity --
Effective Duration Upgrade
Average Coupon Upgrade
Average Credit Score Upgrade
Average Price Upgrade
As of March 31, 2021

Fund Details

Key Dates
Inception Date 3/30/2011
Last Annual Report Date 10/31/2020
Last Prospectus Date 12/30/2020
Share Classes
PADCX C
PADQX Retirement
PADZX Inst
Attributes
Enhanced Index Fund No
Index Fund No
Inverse Fund No
Leveraged Fund No
Fund of Funds No
Currency Hedged Fund No
Synthetic Replication Fund No
Has Dividend Investment Plan No
Socially Responsible Fund No