EMDAX Fees and Costs — PGIM Emerging Markets Debt Local Currency Fund, Class A
Data updated: 2026-09-29
The net expense ratio is 1.13%: a 0.65% management fee, a 0.25% 12b-1 fee plus 1.24% other expenses, less a 1.01% fee waiver. This share class carries a maximum front-end sales load of 3.25% and a deferred sales charge of up to 1.00%. In fiscal 2025 the fund paid $461 in broker commissions, 0.0011% of average net assets, and portfolio turnover was 47%.
EMDAX Fees and Expenses
Annual operating expenses and sales charges of EMDAX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.25% |
| Other expenses | 1.24% |
| Gross expense ratio | 2.14% |
| Fee waiver | −1.01% |
| Net expense ratio | 1.13% |
| Sales charges | |
|---|---|
| Max front load | 3.25% |
| Max deferred load | 1.00% |
| Redemption fee | 0.00% |
| Expense limitation in place (N-CEN) | Yes |
| Fees waived or reduced during the year | Yes |
| Waived fees subject to recoupment | Yes |
EMDAX Costs Over Time
On $10,000 invested in EMDAX, assuming 5% a year before costs, total costs come to $1,098 over 5 years, cutting the return by 1.87% a year. Illustration, not a forecast: it assumes today's net expense ratio throughout (a fee waiver may end).
| $10,000 invested | Sell after 1 year | Sell after 3 years | Sell after 5 years |
|---|---|---|---|
| Value before costs | $10,500 | $11,576 | $12,763 |
| Sales charges | $425 | $325 | $325 |
| Fund expenses (net expense ratio 1.13%) | $115 | $358 | $619 |
| Trading costs (broker commissions) | $0 | $0 | $1 |
| Lost growth on money paid in costs | $16 | $69 | $152 |
| Total costs | $557 | $752 | $1,098 |
| Value after costs | $9,943 | $10,824 | $11,665 |
| Impact on return, per year | 5.57% | 2.32% | 1.87% |
EMDAX Trading Costs
Brokerage costs reported on SEC Form N-CEN for the fiscal year ending October 31, 2025.
- Explicit cost rate (commissions ÷ average net assets): 0.0011%
- Total broker commissions: $461
- Bought from dealers (principal trades, not a cost): $57.0M
- Portfolio turnover (prospectus): 47%
- Securities on loan, average value: $3K
- Net income from securities lending: $7 (0.000% of average net assets)
EMDAX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $367 | 79.78% |
| BOFA SECURITIES, INC. | $43 | 9.35% |
| GOLDMAN SACHS & CO. LLC | $29 | 6.30% |
| CITIGROUP GLOBAL MARKETS INC. | $21 | 4.57% |
EMDAX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| CitiGroup Global Markets Inc. | $8.3M | 18.97% |
| J.P. Morgan Securities LLC | $7.3M | 16.66% |
| STANDARD CHARTERED SECURITIES NORTH AMERICA LLC | $4.7M | 10.84% |
| BOFA SECURITIES, INC. | $4.7M | 10.81% |
| HSBC SECURITIES (USA), INC. | $4.0M | 9.11% |
| Goldman Sachs & Co. LLC | $3.8M | 8.58% |
| BNP PARIBAS SECURITIES CORP. | $3.6M | 8.12% |
| BBVA SECURITIES INC. | $2.7M | 6.24% |
| NEDBANK FINANCIAL SERVICES GROUP | $2.6M | 5.83% |
| CITIC SECURITIES INTERNATIONAL USA, LLC | $2.1M | 4.84% |
PGIM Emerging Markets Debt Local Currency Fund Share Classes
Net expense ratio and maximum front-end load of each share class, cheapest first.
| Ticker | Class | Net expense ratio | Front load |
|---|---|---|---|
| EMDQX | Class R6 | 0.65% | none |
| EMDZX | Class Z | 0.72% | none |
| EMDAX | Class A | 1.13% | 3.25% |
| EMDCX | Class C | 1.88% | none |
For information only. Not investment advice: figures are as reported in SEC filings and may contain errors or be out of date. Past performance does not guarantee future results.