PADZX PGIM Absolute Return Bond Z Forecast, Technical & Fundamental Analysis

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.