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
US7439697274
743969727
Mar 29, 2011
$0
Expense Ratio
EMDZX features an expense ratio of 0.73%, falling within the medium range.
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 -0.67% year-to-date (YTD) and -3.19% in the last 12 months. Over the past 10 years, PGIM Emerging Markets Debt Local Currency Fund had an annualized return of 0.56%, while the S&P 500 had an annualized return of 11.24%, indicating that PGIM Emerging Markets Debt Local Currency Fund did not perform as well as the benchmark.
EMDZX
-0.67%
-2.39%
-2.46%
-3.19%
-1.37%
0.56%
^GSPC (Benchmark)
-0.66%
-3.44%
3.10%
22.14%
12.04%
11.24%
Monthly Returns
The table below presents the monthly returns of EMDZX, with color gradation from worst to best to easily spot seasonal factors. Returns are adjusted for dividends.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | -1.32% | -0.60% | 0.02% | -2.54% | 1.35% | -1.25% | 2.31% | 2.49% | 3.43% | -4.85% | -0.39% | -1.73% | -3.34% |
| 2023 | 4.16% | -3.59% | 3.72% | 1.29% | -1.02% | 3.42% | 2.37% | -2.34% | -2.88% | -0.36% | 4.40% | 3.73% | 13.13% |
| 2022 | 0.02% | -0.63% | -5.22% | -4.20% | 1.82% | -4.48% | -0.23% | 0.48% | -4.62% | -0.66% | 6.04% | 2.05% | -9.80% |
| 2021 | -1.33% | -2.90% | -3.36% | 2.18% | 2.47% | -0.96% | -0.48% | 0.75% | -3.24% | -1.20% | -2.52% | 1.14% | -9.27% |
| 2020 | -0.82% | -3.34% | -14.79% | 5.40% | 7.27% | 1.30% | 2.89% | -0.12% | -2.54% | 0.45% | 6.64% | 4.61% | 5.01% |
| 2019 | 5.45% | -0.86% | -1.18% | 0.28% | 0.33% | 5.79% | 0.49% | -2.46% | 1.42% | 2.65% | -1.50% | 4.15% | 15.09% |
| 2018 | 4.74% | -1.43% | 1.51% | -3.78% | -5.61% | -3.40% | 2.53% | -7.25% | 2.21% | -1.31% | 2.86% | 1.00% | -8.37% |
| 2017 | 2.61% | 2.39% | 3.22% | 0.92% | 1.80% | 0.41% | 2.45% | 1.75% | -0.48% | -3.06% | 1.30% | 2.07% | 16.32% |
| 2016 | 0.01% | 1.15% | 8.90% | 2.82% | -5.72% | 5.84% | 0.50% | 0.20% | 1.77% | -1.03% | -7.70% | 2.01% | 7.93% |
| 2015 | 1.47% | -1.23% | -2.98% | 3.04% | -2.27% | -1.61% | -2.63% | -4.44% | -3.34% | 4.50% | -2.08% | -2.58% | -13.61% |
| 2014 | -4.70% | 4.26% | 3.08% | 1.30% | 2.62% | 1.25% | -1.54% | 0.80% | -5.63% | 1.83% | -1.16% | -6.00% | -4.48% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of EMDZX is 3, meaning it’s performing worse than 97% of other mutual funds on our website when it comes to balancing risk and reward. Below is a breakdown of how it compares using common performance measures.
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 provided a 6.09% dividend yield over the last twelve months, with an annual payout of $0.27 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.27 | $0.27 | $0.32 | $0.23 | $0.27 | $0.29 | $0.34 | $0.36 | $0.40 | $0.38 | $0.41 | $0.54 |
Dividend yield | 6.09% | 6.05% | 6.50% | 5.00% | 5.07% | 4.63% | 5.46% | 6.23% | 6.03% | 6.19% | 6.93% | 7.32% |
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 | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | $0.00 | $0.00 | |||||||||||
| 2024 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.27 |
| 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 | $0.32 |
| 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 | $0.23 |
| 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 | $0.27 |
| 2020 | $0.03 | $0.03 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.02 | $0.03 | $0.02 | $0.03 | $0.29 |
| 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 | $0.34 |
| 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 | $0.36 |
| 2017 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.03 | $0.04 | $0.40 |
| 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 | $0.38 |
| 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 | $0.41 |
| 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 | $0.54 |
Drawdowns
Drawdowns Chart
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.
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 13.12%.
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 | 37 | Mar 27, 2013 | 7 | Apr 8, 2013 | 44 |
Volatility
Volatility Chart
The current PGIM Emerging Markets Debt Local Currency Fund volatility is 1.70%, 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.