PDHAX: PGIM Emerging Markets Debt Hard Currency Fund - MutualFunds.com

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PGIM Emerging Markets Debt Hard Ccy A

PDHAX - Snapshot

Vitals

  • YTD Return -6.9%
  • 3 Yr Annualized Return N/A
  • 5 Yr Annualized Return N/A
  • Net Assets $57.4 M
  • Holdings in Top 10 14.0%

52 WEEK LOW AND HIGH

$8.97
$7.27
$9.83

Expenses

OPERATING RELATED FEES

  • Expense Ratio N/A

SALES FEES

  • Front Load 3.25%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 33.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

  • Standard (Taxable) $1,000
  • IRA $1,000

Fund Classification


Compare PDHAX to Popular Emerging Markets Bond Funds and ETFs

Overview

Income Profile

Income Risk

Returns Profile

Allocations

Expenses

About

$111.23

+0.60%

$16.08 B

4.66%

$5.17

-3.74%

0.39%

$14.33

+0.35%

$7.10 B

5.07%

$0.72

-4.91%

0.82%

$8.02

0.00%

$6.63 B

5.17%

$0.41

-5.09%

0.84%

$14.70

+0.14%

$6.57 B

4.65%

$0.68

-1.08%

0.83%

$10.88

-0.09%

$5.04 B

5.58%

$0.61

-6.45%

0.90%

PDHAX - Profile

Distributions

  • YTD Total Return -6.9%
  • 3 Yr Annualized Total Return N/A
  • 5 Yr Annualized Total Return N/A
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.95%
DIVIDENDS
  • Dividend Yield 0.0%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    PGIM Emerging Markets Debt Hard Currency Fund
  • Fund Family Name
    PGIM Funds (Prudential)
  • Inception Date
    Dec 12, 2017
  • Shares Outstanding
    N/A
  • Share Class
    A
  • Currency
    USD
  • Domiciled Country
    United States
  • Manager
    Cathy Hepworth

Fund Description

The fund seeks to achieve its investment objective by investing under normal circumstances at least 80% of its investable assets in fixed-income instruments that are economically tied to emerging market countries and that are denominated in hard currencies. The adviser defines "hard currencies" as the U.S. dollar or any currency of a nation in the G-7 (U.S., Japan, Germany, Italy, the United Kingdom, France and Canada). The fund is non-diversified.


PDHAX - Performance

Return Ranking - Trailing

Period PDHAX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.9% -27.9% 6.1% 75.21%
1 Yr -1.3% -12.5% 14.3% 73.11%
3 Yr N/A* -8.2% 8.9% N/A
5 Yr N/A* -2.9% 7.9% N/A
10 Yr N/A* -2.3% 7.1% N/A

* Annualized

Return Ranking - Calendar

Period PDHAX Return Category Return Low Category Return High Rank in Category (%)
2019 8.8% -9.9% 13.5% 38.04%
2018 -11.7% -31.2% 73.9% 68.50%
2017 N/A -9.1% 14.2% N/A
2016 N/A -9.2% 219.0% N/A
2015 N/A -29.9% 0.9% N/A

Total Return Ranking - Trailing

Period PDHAX Return Category Return Low Category Return High Rank in Category (%)
YTD -6.9% -27.9% 6.1% 75.21%
1 Yr -4.5% -13.7% 14.3% 91.32%
3 Yr N/A* -8.2% 8.9% N/A
5 Yr N/A* -2.9% 7.9% N/A
10 Yr N/A* -2.3% 6.8% N/A

* Annualized

Total Return Ranking - Calendar

Period PDHAX Return Category Return Low Category Return High Rank in Category (%)
2019 8.8% -9.9% 13.6% 43.52%
2018 -11.7% -31.2% 0.0% 84.40%
2017 N/A 0.0% 17.0% N/A
2016 N/A -9.2% 242.1% N/A
2015 N/A -29.9% 7.1% N/A

NAV & Total Return History


PDHAX - Holdings

Concentration Analysis

PDHAX Category Low Category High PDHAX % Rank
Net Assets 57.4 M 539 K 16.1 B 76.92%
Number of Holdings 569 3 1334 9.42%
Net Assets in Top 10 7.96 M -100 M 2.05 B 80.06%
Weighting of Top 10 14.00% 1.0% 100.0% 76.32%

Top 10 Holdings

  1. State of Qatar 5.1% 1.96%
  2. 1MDB Global Investments Ltd. 4.4% 1.76%
  3. Republic of Colombia 7.38% 1.67%
  4. Argentina (Republic of) 0.12% 1.48%
  5. The Republic of Peru 8.75% 1.31%
  6. Brazil (Federative Republic) 7.12% 1.30%
  7. Dominican Republic 7.45% 1.26%
  8. Republic of Panama 6.7% 1.17%
  9. State of Qatar 4.82% 1.08%
  10. Petroleos Mexicanos 6.5% 1.05%

Asset Allocation

Weighting Return Low Return High PDHAX % Rank
Bonds
96.43% 0.00% 217.91% 35.18%
Cash
3.31% -116.30% 103.65% 63.71%
Stocks
0.26% -0.01% 6.23% 8.03%
Preferred Stocks
0.00% 0.00% 0.00% 71.19%
Other
0.00% -7.79% 2.12% 71.47%
Convertible Bonds
0.00% 0.00% 14.72% 88.09%

Stock Sector Breakdown

Weighting Return Low Return High PDHAX % Rank
Consumer Defense
38.22% 0.00% 38.22% 5.65%
Communication Services
19.94% 0.00% 100.00% 12.90%
Financial Services
16.00% 0.00% 34.43% 11.29%
Basic Materials
13.15% 0.00% 100.00% 26.61%
Industrials
9.36% 0.00% 100.00% 15.32%
Utilities
1.81% 0.00% 100.00% 20.97%
Consumer Cyclical
0.86% 0.00% 100.00% 20.97%
Healthcare
0.67% 0.00% 14.37% 15.32%
Technology
0.00% 0.00% 29.40% 86.29%
Real Estate
0.00% 0.00% 3.24% 86.29%
Energy
0.00% 0.00% 100.00% 91.94%

Stock Geographic Breakdown

Weighting Return Low Return High PDHAX % Rank
US
0.26% -3.37% 6.23% 5.54%
Non US
0.00% -0.03% 5.97% 71.75%

PDHAX - Expenses

Operational Fees

PDHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio N/A 0.01% 33.09% 2.74%
Management Fee 0.65% 0.00% 1.50% 39.29%
12b-1 Fee 0.25% 0.00% 1.00% 46.55%
Administrative Fee N/A 0.01% 0.65% N/A

Sales Fees

PDHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 3.25% 1.50% 5.75% 80.00%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

PDHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 1.50% 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.

PDHAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 33.00% 0.00% 312.50% 10.82%

PDHAX - Distributions

Dividend Yield Analysis

PDHAX Category Low Category High PDHAX % Rank
Dividend Yield 0.00% 0.00% 14.19% 73.35%

Dividend Distribution Analysis

PDHAX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Net Income Ratio Analysis

PDHAX Category Low Category High PDHAX % Rank
Net Income Ratio 4.95% -0.61% 9.08% 55.21%

Capital Gain Distribution Analysis

PDHAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

Dividend Payout History

View More +

PDHAX - Fund Manager Analysis

Managers

Cathy Hepworth


Start Date

Tenure

Tenure Rank

Dec 12, 2017

2.8

2.8%

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

Dec 12, 2017

2.8

2.8%

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.

Tenure Analysis

Category Low Category High Category Average Category Mode
0.03 25.77 5.4 0.75