PDHAX

About PDHAX

PGIM Emerging Markets Debt Hard Currency Fund Class A is a mutual fund designed to provide investors with total return through a blend of current income and capital appreciation. The fund primarily invests at least 80% of its assets in fixed-income instruments issued by entities in emerging market countries, with these securities denominated in hard currencies such as the U.S. dollar or euro. This focus on hard currency bonds is intended to help mitigate local currency risk while offering exposure to the growth and credit dynamics of emerging markets. The fund typically holds a broadly diversified portfolio, with hundreds of underlying holdings spanning various regions and sectors relevant to global emerging economies. Notable features include a monthly dividend payout schedule and a relatively high yield compared to other fixed income vehicles. The fund attracts investors seeking diversified exposure to sovereign and corporate debt across developing markets, while aiming to balance risk through professional management and sector allocation. It plays a significant role for those looking to tap into emerging market opportunities while managing currency volatility by focusing on bonds denominated in widely accepted international currencies.