PGIM Emerging Markets Debt Hard Currency Fund (PDHVX)
The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its investable assets in fixed income instruments that are economically tied to emerging market countries and that are denominated in hard currencies. The adviser defines "hard currencies" as the U.S. dollar or any currency of a nation in the G-7 (U.S., Japan, Germany, Italy, the United Kingdom, France and Canada).
Fund Info
| ISIN | US7439694461 |
|---|---|
| CUSIP | 743969446 |
| Issuer | PGIM Investments |
| Inception Date | Dec 11, 2017 |
| Category | Emerging Markets Bonds |
| Min. Investment | $0 |
| Asset Class | Bond |
Expense Ratio
PDHVX has a high expense ratio of 0.75%, 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 Hard 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 Hard Currency Fund had a return of 1.87% year-to-date (YTD) and 11.73% in the last 12 months.
| Period | Return | Benchmark |
|---|---|---|
| Year-To-Date | 1.87% | 10.00% |
| 1 month | 0.65% | 2.41% |
| 6 months | 10.20% | 16.70% |
| 1 year | 11.73% | 26.85% |
| 5 years (annualized) | 0.41% | 12.81% |
| 10 years (annualized) | N/A | 10.84% |
Monthly Returns
The table below presents the monthly returns of PDHVX, 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 | -0.79% | 1.36% | 2.24% | -2.35% | 1.87% | ||||||||
| 2023 | 3.32% | -2.58% | 0.66% | 0.63% | -0.52% | 2.26% | 2.14% | -1.82% | -2.04% | -1.60% | 5.36% | 5.07% | 11.01% |
| 2022 | -2.98% | -5.22% | -2.29% | -5.22% | -0.22% | -6.87% | 2.24% | 0.00% | -6.50% | -0.24% | 7.72% | 0.55% | -18.25% |
| 2021 | -1.06% | -2.19% | -1.78% | 2.62% | 1.40% | 0.61% | 0.41% | 1.05% | -1.88% | -0.16% | -2.05% | 1.44% | -1.72% |
| 2020 | 1.62% | -1.52% | -18.44% | 2.53% | 8.25% | 4.40% | 4.02% | 0.80% | -2.52% | -0.33% | 5.58% | 2.59% | 4.35% |
| 2019 | 4.71% | 1.43% | 1.04% | 0.27% | 0.20% | 4.00% | 1.62% | -1.25% | 0.32% | 0.05% | -0.26% | 2.60% | 15.56% |
| 2018 | 0.55% | -2.34% | 0.05% | -1.52% | -1.80% | -1.71% | 2.88% | -3.03% | 1.76% | -1.93% | -0.63% | 1.17% | -6.52% |
| 2017 | 0.26% | 0.26% |
Risk-Adjusted Performance
Risk-Adjusted Performance Rank
The current rank of PDHVX is 58, suggesting that the investment has average results relative to other mutual funds in terms of risk-adjusted performance. This ranking is determined by the cumulative values of the indicators listed below.
PDHVX (PGIM Emerging Markets Debt Hard Currency Fund)
Risk-Adjusted Performance Indicators
The charts below present risk-adjusted performance metrics for PGIM Emerging Markets Debt Hard Currency Fund (PDHVX) 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 Hard Currency Fund granted a 6.97% dividend yield in the last twelve months. The annual payout for that period amounted to $0.48 per share.
| Period | TTM | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|
| Dividend | $0.48 | $0.48 | $0.53 | $0.49 | $0.45 | $0.57 | $0.53 | $0.03 |
Dividend yield | 6.97% | 6.87% | 7.84% | 5.58% | 4.74% | 5.88% | 5.95% | 0.26% |
Monthly Dividends
The table displays the monthly dividend distributions for PGIM Emerging Markets Debt Hard 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2024 | $0.03 | $0.03 | $0.04 | $0.03 | $0.00 | $0.14 | |||||||
| 2023 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.04 | $0.03 | $0.11 | $0.48 |
| 2022 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.03 | $0.17 | $0.53 |
| 2021 | $0.04 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.10 | $0.49 |
| 2020 | $0.05 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.03 | $0.03 | $0.04 | $0.04 | $0.03 | $0.04 | $0.45 |
| 2019 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.05 | $0.04 | $0.04 | $0.05 | $0.07 | $0.57 |
| 2018 | $0.05 | $0.04 | $0.05 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.04 | $0.05 | $0.04 | $0.53 |
| 2017 | $0.03 | $0.03 |
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 Hard 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 Hard Currency Fund was 28.98%, occurring on Oct 21, 2022. The portfolio has not yet recovered.
The current PGIM Emerging Markets Debt Hard Currency Fund drawdown is 10.30%.
Depth | Start | To Bottom | Bottom | To Recover | End | Total |
|---|---|---|---|---|---|---|
| -28.98% | Sep 16, 2021 | 278 | Oct 21, 2022 | — | — | — |
| -25.69% | Feb 24, 2020 | 21 | Mar 23, 2020 | 183 | Dec 10, 2020 | 204 |
| -9.82% | Jan 8, 2018 | 225 | Nov 27, 2018 | 129 | Jun 5, 2019 | 354 |
| -5.66% | Jan 5, 2021 | 43 | Mar 8, 2021 | 103 | Aug 3, 2021 | 146 |
| -2.36% | Aug 12, 2019 | 3 | Aug 14, 2019 | 85 | Dec 13, 2019 | 88 |
Volatility
Volatility Chart
The current PGIM Emerging Markets Debt Hard Currency Fund volatility is 1.51%, 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.