- ISIN
- US7439694461
- CUSIP
- 743969446
- Issuer
- PGIM
- Inception Date
- Dec 11, 2017
- Category
- Emerging Markets Bonds
- Min. Investment
- $0
- Distribution Policy
- Distributing
- Asset Class
- Bond
Share Price Chart
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Performance
PDHVX Performance Chart
PGIM Emerging Markets Debt Hard Currency Fund (PDHVX) is up 3.5% since the beginning of the year. PDHVX is currently trading at $7 per share. Investors who bought $1,000 worth of PDHVX shares 5 years ago would now be looking at an investment worth $1,143.
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Returns By Period
PGIM Emerging Markets Debt Hard Currency Fund (PDHVX) has returned 3.46% so far this year and 14.65% over the past 12 months.
PGIM Emerging Markets Debt Hard Currency Fund
- 1D
- 0.00%
- 1M
- 2.46%
- YTD
- 3.46%
- 6M
- 4.15%
- 1Y
- 14.65%
- 3Y*
- 11.15%
- 5Y*
- 2.71%
- 10Y*
- —
Benchmark (S&P 500 Index)
- 1D
- -0.37%
- 1M
- -0.01%
- YTD
- 9.16%
- 6M
- 8.64%
- 1Y
- 25.22%
- 3Y*
- 19.78%
- 5Y*
- 11.99%
- 10Y*
- 13.88%
PDHVX Monthly Returns History
Based on dividend-adjusted daily data since Dec 18, 2017, PDHVX's average daily return is +0.01%, while the average monthly return is +0.29%. At this rate, an investment would double in approximately 19.9 years.
Historically, 61% of months were positive and 39% were negative. The best month was May 2020 with a return of +8.3%, while the worst month was Mar 2020 at -18.4%. The longest winning streak lasted 10 consecutive months, and the longest losing streak was 6 months.
On a daily basis, PDHVX closed higher 44% of trading days. The best single day was Mar 25, 2020 with a return of +3.2%, while the worst single day was Mar 18, 2020 at -5.4%.
| Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec | Total | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | 0.95% | 1.42% | -4.05% | 3.50% | 1.07% | 0.68% | 3.46% | ||||||
| 2025 | 1.77% | 1.53% | -0.94% | -0.48% | 1.14% | 2.87% | 0.97% | 1.95% | 1.93% | 2.34% | 0.38% | 0.66% | 14.99% |
| 2024 | -0.77% | 1.36% | 2.24% | -2.34% | 1.69% | 0.65% | 1.67% | 2.11% | 1.91% | -1.52% | 1.25% | -1.19% | 7.14% |
| 2023 | 3.33% | -2.57% | 0.66% | 0.15% | -0.52% | 2.27% | 2.14% | -1.81% | -2.04% | -2.13% | 5.36% | 5.07% | 9.90% |
| 2022 | -2.99% | -5.23% | -2.30% | -5.21% | -0.22% | -7.32% | 1.75% | 0.00% | -6.49% | -0.23% | 7.72% | 2.62% | -17.36% |
| 2021 | -1.47% | -2.19% | -1.78% | 2.62% | 1.40% | 0.62% | 0.40% | 1.05% | -1.88% | -0.16% | -2.05% | 1.45% | -2.12% |
Benchmark Metrics
PGIM Emerging Markets Debt Hard Currency Fund has an annualized alpha of 1.38%, beta of 0.13, and R2 of 0.11 versus S&P 500 Index. Calculated based on daily prices since December 18, 2017.
- This fund participated in 55.07% of S&P 500 Index downside but only 33.44% of its upside - more exposed to losses than it benefited from rallies.
- Beta of 0.13 may look defensive, but with R2 of 0.11 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 0.11 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.
- Alpha
- 1.38%
- Beta
- 0.13
- R²
- 0.11
- Upside Capture
- 33.44%
- Downside Capture
- 55.07%
Expense Ratio
PDHVX has an expense ratio of 0.75%, placing it in the medium range.
Return for Risk
Risk / Return Rank
PDHVX ranks 82 for risk / return — in the top 82% of mutual funds on our site. This means strong returns relative to risk — exactly what professional investors look for. Well-suited for investors who want to maximize return per unit of risk.
Return / Risk — by metrics
The table below present risk-adjusted performance metrics for PGIM Emerging Markets Debt Hard Currency Fund (PDHVX) and compare them to S&P 500 Index.
Values are calculated on a 1-year rolling basis and updated daily. Risk-adjusted metrics are more stable over longer periods — use the period switch above to explore them.
| PDHVX | Benchmark | Difference | |
|---|---|---|---|
| Sharpe ratioReturn per unit of total volatility | +0.73 | ||
| Sortino ratioReturn per unit of downside risk | +1.72 | ||
| Omega ratioGain probability vs. loss probability | 1.57 | 1.37 | +0.20 |
| Calmar ratioReturn relative to maximum drawdown | 2.92 | 2.78 | +0.13 |
| Martin ratioReturn relative to average drawdown | 13.04 | 12.44 | +0.60 |
Dividends
Dividend History
PGIM Emerging Markets Debt Hard Currency Fund provided a 6.80% dividend yield over the last twelve months, with an annual payout of $0.50 per share.
| Period | TTM | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 |
|---|---|---|---|---|---|---|---|---|---|---|
| Dividend | $0.50 | $0.51 | $0.60 | $0.41 | $0.60 | $0.46 | $0.45 | $0.57 | $0.53 | $0.03 |
Dividend yield | 6.80% | 6.95% | 8.80% | 5.93% | 8.88% | 5.14% | 4.76% | 5.90% | 5.96% | 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 | |
|---|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.00 | $0.19 | ||||||
| 2025 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.09 | $0.51 |
| 2024 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.20 | $0.60 |
| 2023 | $0.03 | $0.03 | $0.03 | $0.00 | $0.04 | $0.03 | $0.04 | $0.04 | $0.03 | $0.00 | $0.03 | $0.11 | $0.41 |
| 2022 | $0.04 | $0.03 | $0.03 | $0.03 | $0.03 | $0.00 | $0.00 | $0.03 | $0.03 | $0.04 | $0.03 | $0.30 | $0.60 |
| 2021 | $0.00 | $0.03 | $0.04 | $0.03 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.04 | $0.03 | $0.10 | $0.46 |
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 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 29.66%, occurring on Oct 21, 2022. Recovery took 672 trading sessions.
The current PGIM Emerging Markets Debt Hard Currency Fund drawdown is 0.27%.
Related event | Drawdown | Fall | Recovery | Underwater |
|---|---|---|---|---|
Bear market2022 | -29.66%Oct 2022 | 1y 1mo | 2y 8mo | 3y 9moSep 2021 - Jun 2025 |
COVID crash2020 | -25.69%Mar 2020 | 28d | 8mo 22d | 9mo 20dFeb 2020 - Dec 2020 |
Rate-hike selloffLate 2018 | -9.82%Nov 2018 | 10mo 23d | 5mo 7d | 1y 3moJan 2018 - May 2019 |
2021 pullback2021 | -6.04%Mar 2021 | 2mo 2d | 5mo 26d | 7mo 28dJan 2021 - Aug 2021 |
2026 pullback2026 | -4.99%Mar 2026 | 28d | 18d | 1mo 16dMar 2026 - Apr 2026 |
Drawdown Indicators
| PDHVX | Benchmark | Difference | |
|---|---|---|---|
Max DrawdownLargest peak-to-trough decline | -29.66% | -56.78% | +27.12% |
Max Drawdown (1Y)Largest decline over 1 year | -4.99% | -9.10% | +4.11% |
Max Drawdown (3Y)Largest decline over 3 years | -7.04% | -18.90% | +11.86% |
Max Drawdown (5Y)Largest decline over 5 years | -29.66% | -25.43% | -4.23% |
Max Drawdown (10Y)Largest decline over 10 years | — | -33.92% | — |
Current DrawdownCurrent decline from peak | -0.27% | -1.80% | +1.53% |
Average DrawdownAverage peak-to-trough decline | -7.52% | -10.71% | +3.19% |
Ulcer IndexDepth and duration of drawdowns from previous peaks | 1.11% | 2.03% | -0.92% |
Volatility
Volatility Chart
The chart below shows the rolling one-month volatility.
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