Prudential Emerging Markets Debt Local Currency Fund

Seeks total return through current income and capital appreciation by investing primarily in currencies of, and fixed income instruments denominated in, local currencies of emerging market countries. The Fund may be suited to those willing to take on more risk to gain exposure to emerging markets.

 
 

Growth of $10,000

 
 
Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower. It is not possible to invest directly in an index. Click here to view benchmark index definitions.

Portfolio Attributes as of 10/31/2017

Country Concentration (% of Assets)
Brazil
13.4 %
Mexico
11.5
Indonesia
11.4
South Africa
8.9
Turkey
7.3
Russian Federation
6.6
Thailand
5.0
Colombia
4.9
Other
28.3
Cash & Equivalents
2.7
Sector Breakdown (% of Assets)
Emerging Markets Local Currency
82.7 %
Emerging Markets Hard Currency
14.4
Foreign Govt Related
0.4
Other
-0.1
Cash/Equiv
2.7
All data is unaudited and subject to change. Holdings/allocations may vary. This is not a recommendation to buy or sell any security listed. Largest holdings exclude cash, cash equivalents, money market funds and enhanced cash strategies. Totals may not sum due to rounding. Negative holdings reflect outstanding trades at period end.

Key Fund Details

 
ClassFund IDCusipTicker
A1054743969750EMDAX
C1055743969743EMDCX
Q1056743969735EMDQX
Z1057743969727EMDZX
 

 
Fund Statistics
Average Maturity (years)
9.5
Duration (years)
6.0
Standard Deviation (3 year)

 
 
Principal risks include: fixed income instruments, which are subject to credit, market, and interest rate risk; non-U.S. securities, which are subject to the risks of currency fluctuation and political uncertainty; emerging market risks, which are subject to greater volatility and price declines; lack of liquidity due to low trading volumes; currency risk in that the value of a particular currency will change in relation to other currencies; interest rate risk, where the value will decline as interest rates rise; derivative risks, which may carry market, credit, and liquidity risks; high yield ("junk") bonds, which are subject to greater credit and market risks; geographic concentration risks, where the impact of a single country or region can result in more pronounced risks; nondiversification, so a loss resulting from a particular security or sector will have a greater impact on the Fund's return. The impact of recently enacted legislation on the markets may not be known for some time. The investment techniques used by the Fund may not produce the desired outcome and the securities selected may underperform. The risks associated with the Fund are more fully explained in the prospectus and summary prospectus. These risks may increase the Fund's share price volatility. There is no guarantee the Fund's objective will be achieved.

Average Maturity is the average time to maturity for a bond. Credit quality is calculated using the highest rating assigned by a nationally recognized statistical rating organization (NRSRO) such as Moody’s, S&P, or Fitch. The Not Rated category consists of securities that have not been rated by an NRSRO. Duration measures investment risk that takes into account both a bond's interest payments and its value to maturity. Standard deviation depicts how widely returns vary around its average and is used to understand the range of returns most likely for a given fund. A higher standard deviation generally implies greater volatility. Due to data availability, statistics may not be as of the current reporting period.

Source: PGIM, Inc. (PGIM) and Lipper Inc. PGIM is a Prudential Financial company.

Class Q and Z shares may be available to group retirement plans and institutional investors through certain retirement, mutual fund wrap and asset allocation programs, and to institutions at an investment minimum of $5,000,000. Performance by share class may vary. Other share classes, which contain either a sales load or a contingent deferred sales charge, are also available. These expenses could lower total fund return. Please see the prospectus for additional information about fees, expenses and investor eligibility requirements.

Consider a fund's investment objectives, risks, charges and expenses carefully before investing. The prospectus and summary prospectus contain this and other information about the fund. For more information about a fund, click on the prospectus or summary prospectus link above. Read them carefully before investing.

Mutual funds are distributed by Prudential Investment Management Services LLC (PIMS) and member SIPC. PGIM Fixed Income is a unit of PGIM, a registered investment advisor. PIMS and PGIM are Prudential Financial companies. The Prudential logo and the Rock symbol are service marks of Prudential Financial, Inc. and its related entities, registered in many jurisdictions worldwide.

These materials are for informational or educational purposes only. The information is not intended as investment advice and is not a recommendation about managing or investing assets. In providing these materials PGIM Investments is not acting as your fiduciary as defined by the Department of Labor.

Mutual funds are not insured by the FDIC or any federal government agency, are not a deposit of or guaranteed by any bank or any bank affiliate, and may lose value.


Prudential Financial, Inc. of the United States is not affiliated with Prudential plc. which is headquartered in the United Kingdom.


0236177-00012-00    Ed. 6/2017

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Past performance does not guarantee future results and current performance may be lower or higher than the past performance data quoted. The investment return and principal value will fluctuate, and shares, when sold, may be worth more or less than the original cost. This chart represents historical performance and does not assume the effects of sales charges. If shown with sales charges, performance would have been lower. Click here to view the most recent Monthly Performance.