PGIM Emerging Markets Debt Local Currency Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
Vitals
YTD Return
-5.2%
1 yr return
1.1%
3 Yr Avg Return
-3.6%
5 Yr Avg Return
-1.0%
Net Assets
$55.4 M
Holdings in Top 10
33.6%
52 WEEK LOW AND HIGH
Expenses
OPERATING FEES
Expense Ratio 8.97%
SALES FEES
Front Load N/A
Deferred Load 1.00%
TRADING FEES
Turnover 35.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$1,000
IRA
$1,000
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 04/16/2024Price
Aum/Mkt Cap
YIELD
Exp Ratio
Watchlist
EMDCX - Profile
Distributions
- YTD Total Return -5.2%
- 3 Yr Annualized Total Return -3.6%
- 5 Yr Annualized Total Return -1.0%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 3.00%
- Dividend Yield 0.0%
- Dividend Distribution Frequency Monthly
Fund Details
-
Legal NamePGIM Emerging Markets Debt Local Currency Fund
-
Fund Family NamePrudential
-
Inception DateMar 30, 2011
-
Shares OutstandingN/A
-
Share ClassC
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerCathy Hepworth
Fund Description
EMDCX - Performance
Return Ranking - Trailing
Period | EMDCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.2% | -5.5% | 8.9% | 89.74% |
1 Yr | 1.1% | -7.2% | 20.5% | 89.74% |
3 Yr | -3.6%* | -14.0% | 4.3% | 83.16% |
5 Yr | -1.0%* | -9.0% | 6.2% | 85.29% |
10 Yr | -1.4%* | -5.7% | 4.9% | 90.17% |
* Annualized
Return Ranking - Calendar
Period | EMDCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 5.6% | -10.6% | 17.8% | 41.39% |
2022 | -14.0% | -29.1% | -2.4% | 14.38% |
2021 | -13.4% | -24.0% | 2.7% | 91.23% |
2020 | -0.3% | -14.0% | 9.7% | 71.74% |
2019 | 8.7% | -6.4% | 13.0% | 41.18% |
Total Return Ranking - Trailing
Period | EMDCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
YTD | -5.2% | -5.5% | 8.9% | 89.74% |
1 Yr | 1.1% | -7.2% | 20.5% | 89.74% |
3 Yr | -3.6%* | -14.0% | 4.3% | 83.16% |
5 Yr | -1.0%* | -9.0% | 6.2% | 85.29% |
10 Yr | -1.4%* | -5.7% | 4.9% | 90.17% |
* Annualized
Total Return Ranking - Calendar
Period | EMDCX Return | Category Return Low | Category Return High | Rank in Category (%) |
---|---|---|---|---|
2023 | 12.0% | -0.6% | 20.0% | 53.31% |
2022 | -10.4% | -27.6% | -1.7% | 19.86% |
2021 | -10.0% | -18.5% | 7.4% | 94.74% |
2020 | 4.0% | -7.8% | 18.0% | 67.39% |
2019 | 13.9% | -3.0% | 23.0% | 39.71% |
NAV & Total Return History
EMDCX - Holdings
Concentration Analysis
EMDCX | Category Low | Category High | EMDCX % Rank | |
---|---|---|---|---|
Net Assets | 55.4 M | 565 K | 14.4 B | 72.61% |
Number of Holdings | 459 | 4 | 1833 | 27.72% |
Net Assets in Top 10 | 22.8 M | -134 M | 1.25 B | 59.41% |
Weighting of Top 10 | 33.57% | 5.1% | 101.4% | 16.33% |
Top 10 Holdings
- (PIPA070) PGIM Core Government Money Market Fund 10.18%
- Mexican Udibonos 4.03%
- United States Treasury Bill- When Issued 3.93%
- Republic of South Africa Government Bond 2.93%
- Brazil Notas do Tesouro Nacional Serie F 2.91%
- Republic of South Africa Government Bond 2.22%
- Thailand Government Bond 2.18%
- Mexican Bonos 1.82%
- Indonesia Treasury Bond 1.75%
- Republic of South Africa Government Bond 1.62%
Asset Allocation
Weighting | Return Low | Return High | EMDCX % Rank | |
---|---|---|---|---|
Bonds | 86.56% | 0.91% | 99.54% | 90.10% |
Cash | 14.46% | 0.00% | 21.93% | 9.24% |
Stocks | 0.01% | -0.01% | 93.55% | 33.66% |
Preferred Stocks | 0.00% | 0.00% | 1.28% | 79.87% |
Convertible Bonds | 0.00% | 0.00% | 8.47% | 89.00% |
Other | -1.03% | -9.56% | 88.17% | 98.02% |
Stock Sector Breakdown
Weighting | Return Low | Return High | EMDCX % Rank | |
---|---|---|---|---|
Utilities | 0.00% | 0.00% | 11.41% | 16.04% |
Technology | 0.00% | 0.00% | 30.64% | 88.68% |
Real Estate | 0.00% | 0.00% | 2.39% | 88.68% |
Industrials | 0.00% | 0.00% | 100.00% | 4.72% |
Healthcare | 0.00% | 0.00% | 12.25% | 15.09% |
Financial Services | 0.00% | 0.00% | 100.00% | 22.64% |
Energy | 0.00% | 0.00% | 100.00% | 95.28% |
Communication Services | 0.00% | 0.00% | 8.92% | 2.83% |
Consumer Defense | 0.00% | 0.00% | 24.66% | 2.83% |
Consumer Cyclical | 0.00% | 0.00% | 100.00% | 20.75% |
Basic Materials | 0.00% | 0.00% | 100.00% | 46.23% |
Stock Geographic Breakdown
Weighting | Return Low | Return High | EMDCX % Rank | |
---|---|---|---|---|
US | 0.01% | 0.00% | 93.50% | 26.40% |
Non US | 0.00% | -0.01% | 1.26% | 83.50% |
Bond Sector Breakdown
Weighting | Return Low | Return High | EMDCX % Rank | |
---|---|---|---|---|
Government | 30.01% | 0.00% | 99.79% | 84.67% |
Cash & Equivalents | 10.18% | 0.00% | 23.23% | 10.23% |
Corporate | 1.09% | 0.00% | 93.26% | 95.00% |
Securitized | 0.00% | 0.00% | 2.41% | 98.33% |
Municipal | 0.00% | 0.00% | 0.00% | 98.33% |
Derivative | -1.03% | -1.03% | 7.35% | 99.67% |
Bond Geographic Breakdown
Weighting | Return Low | Return High | EMDCX % Rank | |
---|---|---|---|---|
Non US | 80.66% | 0.00% | 132.49% | 17.82% |
US | 5.90% | -42.31% | 99.01% | 83.17% |
EMDCX - Expenses
Operational Fees
EMDCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Expense Ratio | 8.97% | 0.02% | 35.56% | 1.32% |
Management Fee | 0.65% | 0.00% | 1.10% | 38.28% |
12b-1 Fee | 1.00% | 0.00% | 1.00% | 94.96% |
Administrative Fee | N/A | 0.02% | 0.65% | N/A |
Sales Fees
EMDCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Front Load | N/A | 0.75% | 5.75% | N/A |
Deferred Load | 1.00% | 1.00% | 4.00% | 81.58% |
Trading Fees
EMDCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Max Redemption Fee | N/A | 0.75% | 2.00% | N/A |
Related Fees
Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.
EMDCX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
---|---|---|---|---|
Turnover | 35.00% | 0.00% | 218.00% | 20.91% |
EMDCX - Distributions
Dividend Yield Analysis
EMDCX | Category Low | Category High | EMDCX % Rank | |
---|---|---|---|---|
Dividend Yield | 0.00% | 0.00% | 22.21% | 36.96% |
Dividend Distribution Analysis
EMDCX | Category Low | Category High | Category Mod | |
---|---|---|---|---|
Dividend Distribution Frequency | Monthly | Quarterly | Monthly | Quarterly |
Net Income Ratio Analysis
EMDCX | Category Low | Category High | EMDCX % Rank | |
---|---|---|---|---|
Net Income Ratio | 3.00% | -2.28% | 8.00% | 90.54% |
Capital Gain Distribution Analysis
EMDCX | Category Low | Category High | Capital Mode | |
---|---|---|---|---|
Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
Date | Amount | Type |
---|---|---|
Mar 28, 2024 | $0.016 | OrdinaryDividend |
Feb 29, 2024 | $0.016 | DailyAccrualFund |
Jan 31, 2024 | $0.020 | DailyAccrualFund |
Dec 29, 2023 | $0.019 | DailyAccrualFund |
Dec 21, 2023 | $0.054 | DailyAccrualFund |
Nov 30, 2023 | $0.019 | DailyAccrualFund |
Oct 31, 2023 | $0.018 | DailyAccrualFund |
Sep 29, 2023 | $0.016 | DailyAccrualFund |
Aug 31, 2023 | $0.020 | DailyAccrualFund |
Jul 31, 2023 | $0.020 | DailyAccrualFund |
Jun 30, 2023 | $0.016 | DailyAccrualFund |
May 31, 2023 | $0.017 | DailyAccrualFund |
Apr 28, 2023 | $0.017 | DailyAccrualFund |
Mar 31, 2023 | $0.017 | DailyAccrualFund |
Feb 28, 2023 | $0.014 | DailyAccrualFund |
Jan 31, 2023 | $0.017 | DailyAccrualFund |
Dec 30, 2022 | $0.018 | DailyAccrualFund |
Nov 30, 2022 | $0.016 | DailyAccrualFund |
Oct 31, 2022 | $0.016 | DailyAccrualFund |
Sep 30, 2022 | $0.014 | DailyAccrualFund |
Aug 31, 2022 | $0.017 | DailyAccrualFund |
Jul 29, 2022 | $0.014 | DailyAccrualFund |
Jun 30, 2022 | $0.017 | DailyAccrualFund |
May 31, 2022 | $0.013 | DailyAccrualFund |
Apr 29, 2022 | $0.014 | DailyAccrualFund |
Mar 31, 2022 | $0.008 | DailyAccrualFund |
Feb 28, 2022 | $0.012 | DailyAccrualFund |
Jan 31, 2022 | $0.016 | DailyAccrualFund |
Dec 31, 2021 | $0.016 | DailyAccrualFund |
Nov 30, 2021 | $0.016 | DailyAccrualFund |
Oct 29, 2021 | $0.017 | DailyAccrualFund |
Sep 30, 2021 | $0.017 | DailyAccrualFund |
Aug 31, 2021 | $0.017 | DailyAccrualFund |
Jul 30, 2021 | $0.017 | DailyAccrualFund |
Jun 30, 2021 | $0.018 | DailyAccrualFund |
May 28, 2021 | $0.017 | DailyAccrualFund |
Apr 30, 2021 | $0.018 | DailyAccrualFund |
Mar 31, 2021 | $0.015 | DailyAccrualFund |
Feb 26, 2021 | $0.018 | DailyAccrualFund |
Jan 29, 2021 | $0.021 | DailyAccrualFund |
Dec 31, 2020 | $0.018 | DailyAccrualFund |
Nov 30, 2020 | $0.018 | DailyAccrualFund |
Aug 31, 2020 | $0.018 | OrdinaryDividend |
Jul 31, 2020 | $0.019 | OrdinaryDividend |
Jun 30, 2020 | $0.018 | OrdinaryDividend |
May 29, 2020 | $0.017 | OrdinaryDividend |
Apr 30, 2020 | $0.016 | OrdinaryDividend |
Mar 31, 2020 | $0.019 | OrdinaryDividend |
Feb 28, 2020 | $0.019 | OrdinaryDividend |
Jan 31, 2020 | $0.023 | OrdinaryDividend |
Dec 31, 2019 | $0.023 | DailyAccrualFund |
Nov 29, 2019 | $0.023 | DailyAccrualFund |
Oct 31, 2019 | $0.023 | DailyAccrualFund |
Sep 30, 2019 | $0.019 | DailyAccrualFund |
Aug 30, 2019 | $0.023 | DailyAccrualFund |
Jul 31, 2019 | $0.024 | DailyAccrualFund |
May 31, 2019 | $0.023 | DailyAccrualFund |
Apr 30, 2019 | $0.021 | DailyAccrualFund |
Mar 29, 2019 | $0.025 | DailyAccrualFund |
Feb 28, 2019 | $0.024 | DailyAccrualFund |
Jan 31, 2019 | $0.027 | DailyAccrualFund |
Dec 31, 2018 | $0.022 | DailyAccrualFund |
Nov 30, 2018 | $0.024 | DailyAccrualFund |
Oct 31, 2018 | $0.021 | DailyAccrualFund |
Aug 31, 2018 | $0.027 | DailyAccrualFund |
Jul 31, 2018 | $0.024 | DailyAccrualFund |
Jun 29, 2018 | $0.025 | DailyAccrualFund |
May 31, 2018 | $0.026 | DailyAccrualFund |
Apr 30, 2018 | $0.026 | DailyAccrualFund |
Mar 29, 2018 | $0.026 | DailyAccrualFund |
Feb 28, 2018 | $0.025 | DailyAccrualFund |
Jan 31, 2018 | $0.028 | DailyAccrualFund |
Dec 29, 2017 | $0.029 | DailyAccrualFund |
Nov 30, 2017 | $0.028 | DailyAccrualFund |
Oct 31, 2017 | $0.029 | DailyAccrualFund |
Sep 29, 2017 | $0.031 | DailyAccrualFund |
Aug 31, 2017 | $0.031 | DailyAccrualFund |
Jul 31, 2017 | $0.025 | DailyAccrualFund |
Jun 30, 2017 | $0.031 | DailyAccrualFund |
May 31, 2017 | $0.031 | DailyAccrualFund |
Apr 28, 2017 | $0.024 | DailyAccrualFund |
Mar 31, 2017 | $0.027 | DailyAccrualFund |
Feb 28, 2017 | $0.023 | DailyAccrualFund |
Jan 31, 2017 | $0.023 | DailyAccrualFund |
Dec 30, 2016 | $0.025 | DailyAccrualFund |
Nov 30, 2016 | $0.024 | DailyAccrualFund |
Oct 31, 2016 | $0.027 | DailyAccrualFund |
Sep 30, 2016 | $0.029 | DailyAccrualFund |
Aug 31, 2016 | $0.027 | DailyAccrualFund |
Jul 29, 2016 | $0.027 | DailyAccrualFund |
Jun 30, 2016 | $0.027 | DailyAccrualFund |
May 31, 2016 | $0.025 | DailyAccrualFund |
Apr 29, 2016 | $0.027 | DailyAccrualFund |
Mar 31, 2016 | $0.025 | DailyAccrualFund |
Feb 29, 2016 | $0.023 | DailyAccrualFund |
Jan 29, 2016 | $0.025 | DailyAccrualFund |
Dec 31, 2015 | $0.026 | DailyAccrualFund |
Nov 30, 2015 | $0.024 | DailyAccrualFund |
Oct 30, 2015 | $0.027 | DailyAccrualFund |
Sep 30, 2015 | $0.024 | DailyAccrualFund |
Aug 31, 2015 | $0.029 | DailyAccrualFund |
Jul 31, 2015 | $0.033 | DailyAccrualFund |
Jun 30, 2015 | $0.031 | DailyAccrualFund |
May 29, 2015 | $0.030 | DailyAccrualFund |
Apr 30, 2015 | $0.028 | DailyAccrualFund |
Mar 31, 2015 | $0.027 | DailyAccrualFund |
Feb 27, 2015 | $0.033 | DailyAccrualFund |
Jan 30, 2015 | $0.031 | DailyAccrualFund |
Dec 31, 2014 | $0.032 | DailyAccrualFund |
Nov 28, 2014 | $0.032 | DailyAccrualFund |
Oct 31, 2014 | $0.036 | DailyAccrualFund |
Sep 30, 2014 | $0.039 | DailyAccrualFund |
Aug 29, 2014 | $0.042 | DailyAccrualFund |
Jul 31, 2014 | $0.040 | DailyAccrualFund |
Jun 30, 2014 | $0.038 | DailyAccrualFund |
May 30, 2014 | $0.041 | DailyAccrualFund |
Apr 30, 2014 | $0.040 | DailyAccrualFund |
Mar 31, 2014 | $0.038 | DailyAccrualFund |
Feb 28, 2014 | $0.035 | DailyAccrualFund |
Jan 31, 2014 | $0.039 | DailyAccrualFund |
Dec 31, 2013 | $0.040 | DailyAccrualFund |
Nov 29, 2013 | $0.042 | DailyAccrualFund |
Oct 31, 2013 | $0.052 | DailyAccrualFund |
Sep 30, 2013 | $0.040 | DailyAccrualFund |
Aug 30, 2013 | $0.046 | DailyAccrualFund |
Jul 31, 2013 | $0.038 | DailyAccrualFund |
Jun 28, 2013 | $0.037 | DailyAccrualFund |
May 31, 2013 | $0.039 | DailyAccrualFund |
Apr 30, 2013 | $0.038 | DailyAccrualFund |
Mar 28, 2013 | $0.040 | DailyAccrualFund |
Feb 28, 2013 | $0.035 | DailyAccrualFund |
Jan 31, 2013 | $0.035 | DailyAccrualFund |
Dec 31, 2012 | $0.038 | DailyAccrualFund |
Dec 21, 2012 | $0.048 | ExtraDividend |
Nov 30, 2012 | $0.041 | DailyAccrualFund |
Oct 31, 2012 | $0.038 | DailyAccrualFund |
Sep 28, 2012 | $0.033 | DailyAccrualFund |
Aug 31, 2012 | $0.040 | DailyAccrualFund |
Jul 31, 2012 | $0.034 | DailyAccrualFund |
Jun 29, 2012 | $0.037 | DailyAccrualFund |
May 31, 2012 | $0.036 | DailyAccrualFund |
Apr 30, 2012 | $0.034 | DailyAccrualFund |
Mar 30, 2012 | $0.036 | DailyAccrualFund |
Feb 29, 2012 | $0.036 | DailyAccrualFund |
Jan 31, 2012 | $0.039 | DailyAccrualFund |
Dec 30, 2011 | $0.040 | DailyAccrualFund |
Nov 30, 2011 | $0.040 | DailyAccrualFund |
Oct 31, 2011 | $0.032 | DailyAccrualFund |
Sep 30, 2011 | $0.038 | DailyAccrualFund |
Aug 31, 2011 | $0.042 | DailyAccrualFund |
Jul 29, 2011 | $0.044 | DailyAccrualFund |
Jun 30, 2011 | $0.050 | DailyAccrualFund |
EMDCX - Fund Manager Analysis
Managers
Cathy Hepworth
Start Date
Tenure
Tenure Rank
Mar 30, 2011
11.18
11.2%
Cathy L. Hepworth, CFA, is a Managing Director and an Emerging Market Sovereign Strategist/Portfolio Manager for PGIM Fixed Income's Emerging Markets Team. Ms. Hepworth co-founded PGIM Fixed Income's emerging markets debt management effort with David Bessey in 1995. Previously, Ms. Hepworth was an analyst in the credit unit of PGIM Fixed Income's Capital Management Group, focusing on various sovereign, financial and corporate sectors. Prior to joining PGIM Fixed Income in 1989, she held analyst positions at Bankers Trust, Merrill Lynch, and Golembe Associates. Ms. Hepworth received a BSFS from Georgetown University, School of Foreign Service. She holds the Chartered Financial Analyst (CFA) designation.
Mariusz Banasiak
Start Date
Tenure
Tenure Rank
Jun 30, 2017
4.92
4.9%
Mariusz Banasiak is a Principal and Portfolio Manager for PGIM Fixed Income, responsible for developing emerging markets currency strategy. Prior to assuming his current position, Mr. Banasiak was a Vice President for PGIM Fixed Income’s Emerging Markets Debt Team, responsible for developing portfolio strategies on USD sovereign and local emerging market yield curves and currencies in the Europe, Middle East and Africa (EMEA) region. Previously, Mr. Banasiak was an Analyst for emerging market debt portfolios in the Portfolio Analyst Group of PGIM Fixed Income. Earlier, he was responsible for risk analysis and performance attribution for the firm’s proprietary portfolios. Mr. Banasiak joined PGIM Fixed Income in 2004.He received a BS in Finance from Rutgers University and holds the Chartered Financial Analyst (CFA) designation.
Pradeep Kumar
Start Date
Tenure
Tenure Rank
Sep 30, 2021
0.67
0.7%
Pradeep Kumar, PhD, CFA, is a Principal and Portfolio Manager for PGIM Fixed Income's Emerging Markets Debt Team. Mr. Kumar is responsible for developing EM local markets strategy. Prior to joining the Firm in 2019, Mr. Kumar was a Portfolio Manager and Co-Head of Emerging Markets at Ontario Teachers’ Pension Plan (“OTPP”) in Toronto. At OTPP he managed local market portfolios across emerging markets, which included a GBIEM index portfolio and an Absolute Return portfolio. Prior to OTPP, Mr. Kumar spent 13 years as a Portfolio Manager in the hedge fund industry. From 2005 through 2017 he was employed at several firms including Balyasny Asset Management, Woodbine Capital Advisors and Drake Management. During his time working in the hedge fund industry, he managed a fundamentally driven, discretionally global, macro portfolio with a focus on emerging markets. Prior to his experience in investment management, Mr. Kumar was a director in the emerging markets fixed income quantitative group at Citigroup. He joined Citigroup in 1997 as a research analyst in emerging markets where he worked on currency and interest rates models and developed quantitative trading strategies. He received a PhD in Economics from University of Alabama and holds the Chartered Financial Analyst (“CFA”) designation.
Tenure Analysis
Category Low | Category High | Category Average | Category Mode |
---|---|---|---|
0.08 | 23.87 | 6.38 | 6.11 |