PGIM Emerging Markets Debt Local Currency Fund (EMDZX)

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PGIM Emerging Markets Debt Local Currency Fund (EMDZX) is up 1.1% since the beginning of the year. EMDZX is currently trading at $5 per share. Investors who bought $1,000 worth of EMDZX shares 5 years ago would now be looking at an investment worth $1,103.

PGIM Emerging Markets Debt Local Currency Fund (EMDZX) has returned 1.09% so far this year and 10.23% over the past 12 months. Over the last ten years, EMDZX has returned 2.82% per year, falling short of the S&P 500 Index benchmark, which averaged 13.88% annually.

Based on dividend-adjusted daily data since Apr 1, 2011, EMDZX's average daily return is +0.01%, while the average monthly return is +0.14%. At this rate, an investment would double in approximately 41.3 years.

Historically, 57% of months were positive and 43% were negative. The best month was Mar 2016 with a return of +8.9%, while the worst month was Mar 2020 at -14.8%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, EMDZX closed higher 45% of trading days. The best single day was Mar 25, 2020 with a return of +2.9%, while the worst single day was Mar 1, 2022 at -5.1%.

PGIM Emerging Markets Debt Local Currency Fund has an annualized alpha of -1.54%, beta of 0.23, and R2 of 0.18 versus S&P 500 Index. Calculated based on daily prices since April 01, 2011.

• This fund participated in 62.03% of S&P 500 Index downside but only 31.15% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.23 may look defensive, but with R2 of 0.18 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.18 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

EMDZX has an expense ratio of 0.73%, placing it in the medium range.

EMDZX ranks 20 for risk / return — in the bottom 20% of mutual funds on our site. This means you're taking on significantly more risk than the returns justify. Consider whether the potential upside is worth the volatility, or explore alternatives with better risk / return profiles.

PGIM Emerging Markets Debt Local Currency Fund provided a 6.42% dividend yield over the last twelve months, with an annual payout of $0.32 per share.

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.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

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 32.79%, occurring on Jan 20, 2016. Recovery took 2480 trading sessions.

The current PGIM Emerging Markets Debt Local Currency Fund drawdown is 2.62%.

The chart below shows the rolling one-month volatility.