Expense Ratio History

PADAX expense ratio history

PGIM Absolute Return Bond Fund, Class A

Fund company
PGIM
Type
Mutual fund

0.96%

In basis points
96 basis points
Yearly cost per $10,000
$96
Prospectus dated
30 December 2025, filed with the SEC; rounded to 0.01%
Last change
Raised from 0.95% on 30 December 2025

Fee over time

PADAX expense ratio: 1.61% until 30 Mar 2011, then 2.70%; 2.70% until 15 Feb 2013, then 1.54%; 1.54% until 31 Jan 2014, then 1.28%; 1.28% until 26 Dec 2014, then 1.22%; 1.22% until 28 Dec 2016, then 1.24%; 1.24% until 31 Dec 2017, then 1.04%; 1.04% until 28 Dec 2018, then 1.01%; 1.01% until 27 Dec 2019, then 0.96%; 0.96% until 29 Dec 2021, then 0.97%; 0.97% until 30 Dec 2022, then 0.98%; 0.98% until 30 Dec 2024, then 0.95%; 0.95% until 30 Dec 2025, then 0.96%; read at 0.96% on 30 Dec 2025.0.00%1.00%2.00%3.00%4.00%Mar 2010Nov 2012Jul 2015Mar 2018Nov 2020Jul 20231.61% before0.96% from 30 Dec 2025
PADAX expense ratio: 1.61% until 30 Mar 2011, then 2.70%; 2.70% until 15 Feb 2013, then 1.54%; 1.54% until 31 Jan 2014, then 1.28%; 1.28% until 26 Dec 2014, then 1.22%; 1.22% until 28 Dec 2016, then 1.24%; 1.24% until 31 Dec 2017, then 1.04%; 1.04% until 28 Dec 2018, then 1.01%; 1.01% until 27 Dec 2019, then 0.96%; 0.96% until 29 Dec 2021, then 0.97%; 0.97% until 30 Dec 2022, then 0.98%; 0.98% until 30 Dec 2024, then 0.95%; 0.95% until 30 Dec 2025, then 0.96%; read at 0.96% on 30 Dec 2025.0.00%1.00%2.00%3.00%4.00%Mar 2010Jul 2015Nov 20201.61% before0.96% from 30 Dec 2025
Solid line: the fee in effect after each recorded change. Dashed: the fee before it. Dots: prospectuses filed with the SEC and dates we read the fee from a source.

Share classes

The same fund is sold as 4 share classes, each with its own fee. Figures are from each class's latest prospectus in SEC filings, rounded to 0.01%.

TickerShare classFeeAfter waiversProspectus dated
PADAX (this page) Class A 0.96% 0.95% 30 Dec 2025
PADCX Class C 1.73% 1.72% 30 Dec 2025
PADQX Class R6 0.64% 0.63% 30 Dec 2025
PADZX Class Z 0.74% 0.73% 30 Dec 2025

Every figure we've recorded

DateFeeWhat happened
30 Dec 2025 0.96% In the prospectusTotal annual fund operating expenses in the prospectus dated 2025-12-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Dec 2025 0.96% Raised from 0.95% to 0.96%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2025-12-23
30 Dec 2024 0.95% In the prospectusTotal annual fund operating expenses in the prospectus dated 2024-12-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Dec 2024 0.95% Cut from 0.98% to 0.95%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2024-12-23
31 Dec 2023 0.98% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-12-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Dec 2023 0.98% In the prospectusTotal annual fund operating expenses in the prospectus dated 2023-12-29 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Dec 2022 0.98% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-12-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Dec 2022 0.98% Raised from 0.97% to 0.98%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2022-12-29
11 Mar 2022 0.97% In the prospectusTotal annual fund operating expenses in the prospectus dated 2022-03-11 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
29 Dec 2021 0.97% In the prospectusTotal annual fund operating expenses in the prospectus dated 2021-12-29 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
29 Dec 2021 0.97% Raised from 0.96% to 0.97%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2021-12-29
30 Dec 2020 0.96% In the prospectusTotal annual fund operating expenses in the prospectus dated 2020-12-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Dec 2019 0.96% In the prospectusTotal annual fund operating expenses in the prospectus dated 2019-12-27 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
27 Dec 2019 0.96% Cut from 1.01% to 0.96%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2020-01-10
28 Dec 2018 1.01% In the prospectusTotal annual fund operating expenses in the prospectus dated 2018-12-28 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
28 Dec 2018 1.01% Cut from 1.04% to 1.01%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2019-03-19
31 Dec 2017 1.04% In the prospectusTotal annual fund operating expenses in the prospectus dated 2017-12-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Dec 2017 1.04% Cut from 1.24% to 1.04%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2018-01-12
28 Dec 2016 1.24% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-12-28 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
28 Dec 2016 1.24% Raised from 1.22% to 1.24%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2016-12-30
25 Feb 2016 1.22% In the prospectusTotal annual fund operating expenses in the prospectus dated 2016-02-25 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
26 Dec 2014 1.22% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-12-26 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
26 Dec 2014 1.22% Cut from 1.28% to 1.22%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2015-03-27
31 Jan 2014 1.28% In the prospectusTotal annual fund operating expenses in the prospectus dated 2014-01-31 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
31 Jan 2014 1.28% Cut from 1.54% to 1.28%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2014-02-10
15 Feb 2013 1.54% In the prospectusTotal annual fund operating expenses in the prospectus dated 2013-02-15 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
15 Feb 2013 1.54% Cut from 2.70% to 1.54%Prospectus date; the new figure appears in this filingSource: Prospectus (form 485BPOS) filed with the SEC on 2013-02-25
10 Feb 2012 2.70% In the prospectusTotal annual fund operating expenses in the prospectus dated 2012-02-10 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS
30 Mar 2011 2.70% In the prospectusTotal annual fund operating expenses in the prospectus dated 2011-03-30 (form 497), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 497
30 Mar 2011 2.70% Raised from 1.61% to 2.70%Prospectus date; the new figure appears in this filingSource: Prospectus (form 497) filed with the SEC on 2012-02-10
30 Mar 2010 1.61% In the prospectusTotal annual fund operating expenses in the prospectus dated 2010-03-30 (form 485BPOS), from SEC bulk data, which rounds to 0.01%Source: SEC EDGAR filing, form 485BPOS

What this fee costs

Change the amount, years or return. The estimate keeps the fee at 0.96% and the return steady each year, the same assumptions as the cost example in a fund's prospectus.

$1,182 in fees over 10 years

After fees, $10,000 grows to $14,825.

Fees paid on $10,000 at 5% a year
AfterFees paid
1 year$98
3 years$307
5 years$533
10 years$1,182

How we read this figure

The figure is the total annual fund operating expenses line of the fee table in the fund's prospectus, as tagged in the fund company's filing with the SEC. The SEC publishes these figures rounded to four decimal places, so 0.015% appears as 0.02%. The fund company's own page may show a more precise number.

SEC filings give 19 prospectuses for this share class since 2010. Each one is listed above with a link to the filing.

How we read fees

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