PGIM Emerging Markets Debt Local Currency Fund-Class A (EMDAX)
| Fund Assets | 35.94M |
| Expense Ratio | 1.13% |
| Min. Investment | $1,000 |
| Turnover | 43.00% |
| Dividend (ttm) | 0.26 |
| Dividend Yield | 5.08% |
| Dividend Growth | -15.71% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 4.850 |
| YTD Return | 10.43% |
| 1-Year Return | 7.39% |
| 5-Year Return | 3.49% |
| 52-Week Low | 4.380 |
| 52-Week High | 4.880 |
| Beta (5Y) | n/a |
| Holdings | 699 |
| Inception Date | Mar 30, 2011 |
About EMDAX
The PGIM Emerging Markets Debt Local Currency Fund Class A is a mutual fund focused on providing total return by investing primarily in local-currency denominated debt securities within emerging markets. Its principal strategy involves allocating at least 80% of its assets to fixed-income instruments and currencies issued by sovereign and corporate entities in emerging economies. These investments typically include bonds, debt securities, and derivatives aimed at capturing opportunities from both interest rate movements and currency fluctuations in developing markets. The fund is managed by a team with deep expertise in emerging market debt and currency strategies, seeking to balance risk and reward in regions such as Latin America, Asia, EMEA (Europe, Middle East, and Africa), and beyond. By focusing on local currency debt, the fund provides exposure to both credit markets and the potential appreciation of emerging market currencies against the U.S. dollar. This makes the fund a specialized vehicle for investors looking to diversify portfolios with assets that may behave differently from traditional U.S. fixed-income or equity investments. The fund distributes dividends monthly and is designed to appeal to those seeking income and diversification through access to emerging market local debt markets.
Performance
EMDAX had a total return of 7.39% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.09%.
Equivalent Funds
These are funds that follow the same index from the other major fund companies.
| Symbol | Provider | Name | Expense Ratio |
|---|---|---|---|
| FSEDX | Fidelity | Fidelity Series Em Mk Dbt Lcl Ccy | n/a |
Top 10 Holdings
48.84% of assets| Name | Symbol | Weight |
|---|---|---|
| Inr/Usd Fwd 20250917 221 | n/a | 6.55% |
| Usd/Zar Fwd 20250917 Barcus33 | n/a | 6.12% |
| Brl/Usd Fwd 20250702 5 | n/a | 6.08% |
| Brl/Usd Fwd 20250804 5 | n/a | 5.61% |
| Usd/Brl Fwd 20250702 5 | n/a | 5.54% |
| Mxn/Usd Fwd 20250917 Midlgb22 | n/a | 4.57% |
| Secretaria Do Tesouro Nacional 10% | BNTNF.10 01.01.27 NTNF | 4.34% |
| Eur/Usd Fwd 20250722 Mslngb2x | n/a | 3.81% |
| Myr/Usd Fwd 20250917 Barcus33 | n/a | 3.11% |
| Myr/Usd Fwd 20250917 Mslngb2x | n/a | 3.11% |
Dividend History
| Ex-Dividend | Amount | Pay Date |
|---|---|---|
| Jul 31, 2025 | $0.02345 | Jul 31, 2025 |
| Jun 30, 2025 | $0.0233 | Jun 30, 2025 |
| May 30, 2025 | $0.02237 | May 30, 2025 |
| Apr 30, 2025 | $0.02096 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02213 | Mar 31, 2025 |
| Feb 28, 2025 | $0.01802 | Feb 28, 2025 |