PDHVX Fees and Costs — PGIM Emerging Markets Debt Hard Currency Fund, Class Z
Data updated: 2026-09-29
The net expense ratio is 0.75%: a 0.65% management fee plus 0.31% other expenses, less a 0.21% fee waiver. There are no sales loads or redemption fees. In fiscal 2025 the fund paid $7K in broker commissions, 0.0034% of average net assets, and portfolio turnover was 36%.
PDHVX Fees and Expenses
Annual operating expenses and sales charges of PDHVX. Prospectus, as of October 31, 2025.
| Annual operating expenses | |
|---|---|
| Management fee | 0.65% |
| 12b-1 fee | 0.00% |
| Other expenses | 0.31% |
| Gross expense ratio | 0.96% |
| Fee waiver | −0.21% |
| Net expense ratio | 0.75% |
| Sales charges | |
|---|---|
| Max front load | 0.00% |
| Max deferred load | 0.00% |
| 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 |
PDHVX Costs Over Time
On $10,000 invested in PDHVX, assuming 5% a year before costs, total costs come to $474 over 5 years, cutting the return by 0.79% 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 |
| Fund expenses (net expense ratio 0.75%) | $79 | $246 | $428 |
| Trading costs (broker commissions) | $0 | $1 | $2 |
| Lost growth on money paid in costs | $0 | $12 | $43 |
| Total costs | $79 | $260 | $474 |
| Value after costs | $10,421 | $11,317 | $12,289 |
| Impact on return, per year | 0.79% | 0.79% | 0.79% |
PDHVX 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): 0.0034%
- Total broker commissions: $7K
- Bought from dealers (principal trades, not a cost): $189.2M
- Portfolio turnover (prospectus): 36%
- Securities on loan, average value: $3.7M
- Net income from securities lending: $17K (0.008% of average net assets)
PDHVX Agency Brokers
Commissions paid.
| Broker | Amount | Share |
|---|---|---|
| J.P. MORGAN SECURITIES LLC | $5K | 66.54% |
| BOFA SECURITIES, INC. | $2K | 27.81% |
| GOLDMAN SACHS & CO. LLC | $359 | 4.96% |
| CITIGROUP GLOBAL MARKETS INC. | $50 | 0.69% |
PDHVX Dealer Counterparties
Securities bought directly from dealers (principal trades).
| Broker | Amount | Share |
|---|---|---|
| Goldman Sachs & Co. LLC | $29.6M | 18.71% |
| BARCLAYS CAPITAL, INC. | $22.4M | 14.16% |
| CitiGroup Global Markets Inc. | $21.0M | 13.29% |
| MORGAN STANLEY & CO. LLC | $18.5M | 11.68% |
| J.P. Morgan Securities LLC | $16.2M | 10.27% |
| JEFFERIES LLC | $15.8M | 10.01% |
| BOFA SECURITIES, INC. | $10.1M | 6.38% |
| HSBC SECURITIES (USA), INC. | $9.0M | 5.72% |
| DEUTSCHE BANK SECURITIES, INC. | $7.9M | 5.00% |
| MARKETAXESS CORPORATION | $7.5M | 4.78% |
PGIM Emerging Markets Debt Hard 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 |
|---|---|---|---|
| PDHQX | Class R6 | 0.65% | none |
| PDHVX | Class Z | 0.75% | none |
| PDHAX | Class A | 1.05% | 3.25% |
| PDHCX | Class C | 1.80% | 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.