PGIM Emerging Markets Debt Local Currency Fund-Class C (EMDCX)
| Fund Assets | 35.94M |
| Expense Ratio | 1.88% |
| Min. Investment | $1,000 |
| Turnover | 43.00% |
| Dividend (ttm) | 0.22 |
| Dividend Yield | 4.56% |
| Dividend Growth | -17.32% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 4.880 |
| YTD Return | 10.46% |
| 1-Year Return | 7.11% |
| 5-Year Return | 0.37% |
| 52-Week Low | 4.410 |
| 52-Week High | 4.900 |
| Beta (5Y) | n/a |
| Holdings | 699 |
| Inception Date | Mar 30, 2011 |
About EMDCX
The PGIM Emerging Markets Debt Local Currency Fund is an open-end mutual fund focused on providing exposure to the fixed-income markets of emerging economies. Its primary objective is to generate total return through a combination of current income and capital appreciation by investing predominantly in bonds and other debt securities denominated in the local currencies of emerging market countries. At least 80% of its investable assets are allocated to these instruments under normal circumstances, distinguishing it from funds that concentrate on hard currency debt. The fund’s portfolio spans government and quasi-government securities across a broad set of countries, allowing investors to access both interest rate and currency movements in developing markets. This diversification aims to capture potential yield advantages and opportunities created by market inefficiencies unique to emerging economies. Managed actively, the fund leverages fundamental analysis to identify relative value opportunities and mitigate risks such as credit, interest rate, and currency volatility. With monthly income distributions and a portfolio that typically holds several hundred individual positions, the fund serves institutional and retail investors seeking diversified emerging market fixed income exposure within a global portfolio context. Its role in the financial market is to facilitate capital flows to emerging economies while offering investors access to the evolving debt markets beyond developed countries.
Performance
EMDCX had a total return of 7.11% in the past year, including dividends. Since the fund's inception, the average annual return has been -0.56%.
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 | $0.0205 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02049 | Jun 30, 2025 |
| May 30, 2025 | $0.01952 | May 30, 2025 |
| Apr 30, 2025 | $0.01813 | Apr 30, 2025 |
| Mar 31, 2025 | $0.01937 | Mar 31, 2025 |
| Feb 28, 2025 | $0.01552 | Feb 28, 2025 |