PGIM Emerging Markets Debt Local Currency Fund (EMDZX)
| Fund Assets | 35.94M |
| Expense Ratio | 0.72% |
| Min. Investment | $0.00 |
| Turnover | 43.00% |
| Dividend (ttm) | 0.28 |
| Dividend Yield | 5.63% |
| Dividend Growth | -14.74% |
| Payout Frequency | Monthly |
| Ex-Dividend Date | Jul 31, 2025 |
| Previous Close | 4.890 |
| YTD Return | 10.66% |
| 1-Year Return | 7.85% |
| 5-Year Return | 5.18% |
| 52-Week Low | 4.420 |
| 52-Week High | 4.920 |
| Beta (5Y) | 0.31 |
| Holdings | 699 |
| Inception Date | Mar 30, 2011 |
About EMDZX
PGIM Emerging Markets Debt Local Currency Fund is a mutual fund targeting total return by investing primarily in fixed-income securities denominated in the local currencies of emerging market countries. The fund normally allocates at least 80% of its investable assets to bonds and currencies across a diversified set of developing economies, providing investors with a gateway to participate in both the income potential and the currency appreciation opportunities present in these dynamic markets. By focusing on local currency debt, the fund offers exposure to the unique macroeconomic and interest rate dynamics of emerging markets—regions such as Latin America, Asia, and Central and Eastern Europe—that are often underrepresented in traditional global bond portfolios. This approach allows the fund to play a constructive role in diversified portfolios by enhancing yield potential and providing diversification benefits relative to developed market fixed-income assets. The fund’s strategy is designed to capture the growth and resilience of emerging market economies while navigating their associated risks, making it a notable option for investors seeking exposure beyond conventional investment-grade sovereign and corporate bonds.
Performance
EMDZX had a total return of 7.85% in the past year, including dividends. Since the fund's inception, the average annual return has been 0.41%.
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 | $0.02536 | Jul 31, 2025 |
| Jun 30, 2025 | $0.02512 | Jun 30, 2025 |
| May 30, 2025 | $0.02421 | May 30, 2025 |
| Apr 30, 2025 | $0.0227 | Apr 30, 2025 |
| Mar 31, 2025 | $0.02393 | Mar 31, 2025 |
| Feb 28, 2025 | $0.01961 | Feb 28, 2025 |