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 has an expense ratio of 0.73%, placing it in the medium range.
Share Price Chart
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Compare to other instruments
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Performance
Performance Chart
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Returns By Period
PGIM Emerging Markets Debt Local Currency Fund (EMDZX) returned 6.24% year-to-date (YTD) and 5.79% over the past 12 months. Over the past 10 years, EMDZX returned 1.24% annually, underperforming the S&P 500 benchmark at 10.69%.
EMDZX
6.24%
2.86%
4.22%
5.79%
2.82%
1.24%
^GSPC (Benchmark)
-0.64%
8.97%
-2.62%
11.90%
15.76%
10.69%
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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2025 | 1.84% | 0.66% | 1.64% | 2.40% | -0.43% | 6.24% | |||||||
| 2024 | -1.32% | -0.60% | 0.02% | -2.54% | 1.35% | -1.25% | 2.31% | 2.48% | 3.43% | -4.85% | -0.39% | -1.73% | -3.34% |
| 2023 | 4.16% | -3.59% | 3.72% | 1.29% | -1.02% | 3.41% | 2.37% | -2.34% | -2.89% | -0.36% | 4.40% | 3.73% | 13.13% |
| 2022 | 0.02% | -0.63% | -5.22% | -4.20% | 1.82% | -4.48% | -0.24% | 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% | 1.15% | -9.27% |
| 2020 | -0.82% | -3.34% | -14.79% | 5.40% | 7.27% | 1.30% | 2.89% | -0.12% | -2.53% | 0.45% | 6.64% | 4.61% | 5.01% |
| 2019 | 5.45% | -0.86% | -1.18% | 0.28% | 0.33% | 5.79% | 0.49% | -2.47% | 1.42% | 2.65% | -1.50% | 4.15% | 15.09% |
| 2018 | 4.74% | -1.43% | 1.51% | -3.78% | -5.61% | -3.40% | 2.54% | -7.25% | 2.21% | -1.30% | 2.86% | 1.00% | -8.37% |
| 2017 | 2.61% | 2.39% | 3.22% | 0.91% | 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% | 5.83% | 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% | -2.07% | -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 62, indicating average performance compared to other mutual funds on our website. Here’s 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.
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Dividends
Dividend History
PGIM Emerging Markets Debt Local Currency Fund provided a 5.33% dividend yield over the last twelve months, with an annual payout of $0.25 per share.
| Period | TTM | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | 2015 | 2014 |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.25 | $0.27 | $0.32 | $0.23 | $0.27 | $0.29 | $0.34 | $0.36 | $0.40 | $0.38 | $0.41 | $0.54 |
Dividend yield | 5.33% | 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 | $0.02 | $0.02 | $0.02 | $0.00 | $0.00 | $0.07 | |||||||
| 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.
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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 7.07%.
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 chart below shows the rolling one-month volatility.
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