EMDAX Performance — PGIM Emerging Markets Debt Local Currency Fund, Class A
Data updated: 2026-09-29
EMDAX returned +1.54% year to date and +9.41% over one year to Jul 2026. Annualised returns are +5.91% over 3 years and +2.22% over 5 years. Against its Emerging Markets Bond category average the fund came out behind over three years but ahead over one: $100 invested three years ago grew to $119, against $126 for the category, and to $109 over one year, against $109. Volatility over the past three years was 8.54% a year. In the 12 months to Jul 2026 the fund took in a net $4.7M, and assets reached $41.52M.
EMDAX Growth of $100
What $100 invested in PGIM Emerging Markets Debt Local Currency Fund grew to, compounded from monthly returns reported on SEC Form N-PORT, against the Emerging Markets Bond category average over the same months.
| Period | EMDAX | Category average |
|---|---|---|
| 1 year (Aug 2025 – Jul 2026) | $109 | $109 |
| 3 years (Aug 2023 – Jul 2026) | $119 | $126 |
| 5 years (Aug 2021 – Jul 2026) | $112 | $115 |
| Since data start (Aug 2019 – Jul 2026) | $116 | $123 |
EMDAX Trailing Returns
Total returns to Jul 2026, from SEC N-PORT.
| Period | Total return |
|---|---|
| YTD | +1.54% |
| 1 year | +9.41% |
| 3 years (annualised) | +5.91% |
| 5 years (annualised) | +2.22% |
EMDAX Annual Returns
Calendar-year total returns of PGIM Emerging Markets Debt Local Currency Fund, compounded from monthly SEC N-PORT returns. Partial years show the months covered.
| Year | Total return |
|---|---|
| 2026 (Jan–Jul) | +1.55% |
| 2025 | +19.09% |
| 2024 | −3.86% |
| 2023 | +12.74% |
| 2022 | −10.13% |
| 2021 | −9.62% |
| 2020 | +4.54% |
| 2019 (Aug–Dec) | +3.88% |
EMDAX Monthly Returns
Monthly total returns as reported on SEC Form N-PORT.
| Year | Jan | Feb | Mar | Apr | May | Jun | Jul | Aug | Sep | Oct | Nov | Dec |
|---|---|---|---|---|---|---|---|---|---|---|---|---|
| 2026 | +1.9% | +1.6% | −7.2% | +3.3% | +1.2% | +1.1% | −0.1% | — | — | — | — | — |
| 2025 | +1.8% | +0.6% | +1.6% | +2.9% | +1.3% | +3.3% | −1.4% | +3.1% | +1.8% | +0.5% | +1.1% | +1.1% |
| 2024 | −1.6% | −0.4% | −0.2% | −2.4% | +1.3% | −1.3% | +2.3% | +2.5% | +3.2% | −4.7% | −0.4% | −1.8% |
| 2023 | +3.9% | −3.4% | +3.7% | +1.3% | −1.1% | +3.4% | +2.4% | −2.4% | −2.9% | −0.4% | +4.2% | +3.9% |
| 2022 | 0.0% | −4.1% | −1.8% | −4.3% | +1.8% | −4.8% | −0.1% | +0.4% | −4.7% | −0.7% | +6.1% | +2.0% |
| 2021 | −1.4% | −2.8% | −3.6% | +2.2% | +2.6% | −1.2% | −0.3% | +0.5% | −3.1% | −1.2% | −2.6% | +1.1% |
| 2020 | −0.9% | −3.4% | −14.6% | +5.2% | +7.3% | +1.1% | +2.9% | 0.0% | −2.6% | +0.4% | +6.7% | +4.4% |
| 2019 | — | — | — | — | — | — | — | −2.7% | +1.6% | +2.5% | −1.5% | +4.2% |
EMDAX Risk
Risk measures from monthly returns over Aug 2023 – Jul 2026.
- 3-year volatility (annualised): 8.54%
- 3-year Sharpe ratio: 0.16 (vs 4.5% risk-free rate)
- Best month: +4.19% (Nov 2023)
- Worst month: −7.16% (Mar 2026)
EMDAX Fund Flows
Monthly money in and out of PGIM Emerging Markets Debt Local Currency Fund, from SEC Form N-PORT.
- 12-month net flow: $4.7M
- 12-month gross sales (incl. reinvestments): $12.6M
- Sales ÷ redemptions: 1.58×
| Month | Sales | Redemptions | Net flow |
|---|---|---|---|
| Jul 2026 | $325K | $629K | −$304K |
| Jun 2026 | $497K | $386K | $111K |
| May 2026 | $395K | $277K | $118K |
| Apr 2026 | $669K | $1.8M | −$1.2M |
| Mar 2026 | $2.3M | $760K | $1.6M |
| Feb 2026 | $1.7M | $245K | $1.5M |
| Jan 2026 | $1.7M | $1.1M | $655K |
| Dec 2025 | $1.5M | $662K | $877K |
| Nov 2025 | $1.4M | $452K | $963K |
| Oct 2025 | $1.2M | $439K | $728K |
| Sep 2025 | $498K | $365K | $134K |
| Aug 2025 | $336K | $849K | −$513K |
EMDAX Assets Under Management
Net assets of PGIM Emerging Markets Debt Local Currency Fund by report date, from SEC N-PORT filings.
| Report date | Net assets |
|---|---|
| 2026-07-31 | $41.52M |
| 2026-04-30 | $41.34M |
| 2026-01-30 | $41.12M |
| 2025-10-31 | $37.60M |
| 2025-07-31 | $35.94M |
| 2025-04-30 | $35.79M |
| 2025-01-31 | $50.36M |
| 2024-10-31 | $52.54M |
| 2024-07-31 | $53.97M |
| 2024-04-30 | $53.98M |
| 2024-01-31 | $67.86M |
| 2023-10-31 | $59.42M |
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.