PGIM Emerging Markets Debt Local Currency Fund (EMDZX)
The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its investable assets in currencies of, and fixed-income instruments denominated in local currencies of, emerging market countries. The fund may invest in derivatives, such as forward contracts, options, futures contracts or swap agreements, denominated in any currency. It is non-diversified.
Fund Info
| ISIN | US7439697274 |
|---|---|
| CUSIP | 743969727 |
| Issuer | PGIM Investments |
| Inception Date | Mar 29, 2011 |
| Category | Emerging Markets Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
EMDZX has a high expense ratio of 0.73%, indicating higher-than-average management fees.
Share Price Chart
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Performance
Performance Chart
The chart shows the growth of an initial investment of $10,000 in PGIM Emerging Markets Debt Local Currency Fund, comparing it to the performance of the S&P 500 index or another benchmark. All prices have been adjusted for splits and dividends.
Returns By Period
PGIM Emerging Markets Debt Local Currency Fund had a return of -4.61% year-to-date (YTD) and 2.52% in the last 12 months. Over the past 10 years, PGIM Emerging Markets Debt Local Currency Fund had an annualized return of -0.28%, while the S&P 500 had an annualized return of 10.33%, indicating that PGIM Emerging Markets Debt Local Currency Fund did not perform as well as the benchmark.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | -4.61% | 5.21% |
| 1 month | -2.54% | -4.30% |
| 6 months | 3.08% | 18.42% |
| 1 year | 2.52% | 21.82% |
| 5 years (annualized) | 0.66% | 11.27% |
| 10 years (annualized) | -0.28% | 10.33% |
Monthly Returns Heatmap
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.33% | -0.60% | 0.01% | -2.96% | ||||||||
| 2023 | -0.36% | 4.41% | 3.72% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EMDZX is 17, indicating that it is in the bottom 17% of the market in terms of risk-adjusted performance. This ranking is based on the combined values of the indicators listed below.
PGIM Emerging Markets Debt Local Currency Fund(EMDZX)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Emerging Markets Debt Local Currency Fund (EMDZX) and compare them to a chosen benchmark (^GSPC). These indicators evaluate an investment's returns against its associated risks.
Dividends
Dividend History
PGIM Emerging Markets Debt Local Currency Fund granted a 6.58% dividend yield in the last twelve months. The annual payout for that period amounted to $0.30 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 | 2013 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.30 | $0.32 | $0.23 | $0.27 | $0.29 | $0.34 | $0.36 | $0.40 | $0.38 | $0.41 | $0.54 | $0.58 |
Dividend yield | 6.58% | 6.53% | 5.00% | 5.06% | 4.63% | 5.41% | 6.23% | 6.02% | 6.19% | 6.93% | 7.32% | 7.02% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Emerging Markets Debt Local Currency Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.02 | $0.02 | $0.02 | $0.00 | ||||||||
| 2023 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.08 |
| 2022 | $0.02 | $0.02 | $0.01 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2021 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2020 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 |
| 2019 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 |
| 2018 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.02 | $0.03 | $0.03 | $0.03 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 |
| 2016 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.03 | $0.03 |
| 2015 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 |
| 2014 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.04 | $0.04 | $0.04 |
| 2013 | $0.04 | $0.04 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.05 | $0.06 | $0.05 | $0.05 |
Drawdowns
Drawdowns Chart
The Drawdowns chart displays portfolio losses from any high point along the way.
Worst Drawdowns
The table below displays the maximum drawdowns of the PGIM Emerging Markets Debt Local Currency Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.
The maximum drawdown for the PGIM Emerging Markets Debt Local Currency Fund was 32.76%, occurring on Jan 20, 2016. The portfolio has not yet recovered.
The current PGIM Emerging Markets Debt Local Currency Fund drawdown is 13.72%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -32.76% | May 9, 2013 | 680 | Jan 20, 2016 | — | — | — |
| -13.37% | Aug 4, 2011 | 42 | Oct 3, 2011 | 234 | Sep 7, 2012 | 276 |
| -3.8% | May 3, 2011 | 17 | May 25, 2011 | 42 | Jul 26, 2011 | 59 |
| -2.26% | Sep 17, 2012 | 8 | Sep 26, 2012 | 14 | Oct 16, 2012 | 22 |
| -2.19% | Feb 4, 2013 | 33 | Mar 21, 2013 | 11 | Apr 8, 2013 | 44 |
Volatility
Volatility Chart
The current PGIM Emerging Markets Debt Local Currency Fund volatility is 2.41%, representing the average percentage change in the investments's value, either up or down over the past month. The chart below shows the rolling one-month volatility.