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Taxable Bond fund

Hartford Emerging Markets Local Debt Fund    Share Class - F (HLDFX)


Objective

Seeks capital appreciation and income.

Overview

A fund that invests primarily in government debt, corporate debt, and currencies of emerging markets issuers.

Portfolio Management
Managing Director
Fixed-Income Portfolio Manager
7
YRS
MANAGING THIS FUND
8
YRS
AT WELLINGTON MANAGEMENT
26
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
5
YRS
MANAGING THIS FUND
6
YRS
AT WELLINGTON MANAGEMENT
35
YRS
EXPERIENCE IN THIS INDUSTRY

The portfolio managers are supported by the full resources of Wellington.

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 10/31/2022)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 10/31/2022)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt F -19.26 -20.00 -7.23 -3.31 -1.93 -1.26
Benchmark -19.29 -20.28 -8.21 -3.54 -2.56 ---
Morningstar Emerging-Markets Local-Currency Bond Category -16.21 -17.02 -6.39 -3.18 -2.41 ---
 
CUMULATIVE %
(as of 9/30/2022)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2022)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt F -18.66 -19.90 -6.13 -3.62 -1.72 -1.20
Benchmark -18.57 -20.63 -7.06 -3.92 -2.43 ---
Morningstar Emerging-Markets Local-Currency Bond Category -15.79 -17.29 -5.48 -3.49 -2.32 ---

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor's shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

SI = Since Inception. Fund Inception: 05/31/2011

Share Class Inception: 2/28/17.
Class F-shares performance prior to 2/28/17 reflects the performance and operating expenses of Class I-shares. Performance for Class F-shares prior to its inception date would have differed if Class F- operating expenses had been reflected. Since Inception (SI) performance is calculated from 5/31/11.

The Fund’s Class F shares have not been in operation for 10 years. Therefore, the Calendar Year Returns (F Shares) chart includes performance and operating expenses of another class. For more information, see the prospectus.

Characteristics

FUND ESSENTIALS
Inception Date 05/31/2011
Net Assets $39 million
Gross Operating Expenses 1.04%
Net Operating Expenses 0.83%
Morningstar Category Emerging-Markets Local-Currency Bond
Lipper Classification Emerging Markets Local Currency Debt Fds
CUSIP 41664T644
Fund Number 3110
FUND STATS
Dividend Frequency
Monthly
# of Issuers
133
# of Holdings
324
Holdings Characteristics
Effective Duration
4.58 yrs
Top Ten Countries (%)
South Africa 9
Mexico 9
United States 8
Malaysia 8
Colombia 6
Indonesia 6
Thailand 6
China 5
Peru 4
Chile 4
South Africa 9
Malaysia 9
Mexico 8
China 7
Indonesia 6
Colombia 6
Thailand 5
United States 5
Peru 5
Chile 4
Top Ten Countries represent the Fund's top ten country exposures based on market value.
Top Ten Issuers (%)
Mexican Bonos 7.81
Republic of South Africa Government Bond 7.12
Malaysia Government Bond 6.43
Colombian TES 4.76
Thailand Government Bond 4.43
Indonesia Treasury Bond 4.12
China Government Bond 3.66
Peru Government Bond 3.10
Republic of Poland Government Bond 2.35
Czech Republic Government Bond 2.07
Total Portfolio % 45.85
Malaysia Government Bond 7.39
Republic of South Africa Government Bond 7.37
Mexican Bonos 6.84
China Government Bond 5.41
Indonesia Treasury Bond 4.19
Colombian TES 4.17
Thailand Government Bond 4.17
Peru Government Bond 3.07
Republic of Poland Government Bond 2.65
Russian Federal Bond - OFZ 2.01
Total Portfolio % 47.27
Yields (%) (as of 10/31/22)
30-Day SEC Yield
6.97
Unsubsidized 30-Day SEC Yield
6.62
Top Ten Currencies (%)
Mexican Peso 11
Brazilian Real 10
Malaysian Ringgit 10
Thai Baht 10
South African Rand 9
Indonesian Rupiah 9
Polish Zloty 6
US Dollar 6
Colombian Peso 4
Offshore Chinese Renminbi 4
Mexican Peso 11
Brazilian Real 10
Malaysian Ringgit 10
South African Rand 10
Indonesian Rupiah 9
Thai Baht 9
Polish Zloty 6
Chinese Renminbi 5
Offshore Chinese Renminbi 5
Colombian Peso 5
Top Ten Currencies represent the Fund's top ten currency exposures based on underlying currency exposure. Negative numbers indicate the Fund has investments that are expected to benefit if currency declines in value.
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
10/31/2022 4.10 $0.0000 $0.0000 $0.0000 $0.0000
9/29/2022 4.12 $0.0237 $0.0000 $0.0000 $0.0237
8/31/2022 4.40 $0.0197 $0.0000 $0.0000 $0.0197
7/29/2022 4.31 $0.0177 $0.0000 $0.0000 $0.0177
6/29/2022 4.38 $0.0211 $0.0000 $0.0000 $0.0211
5/31/2022 4.63 $0.0163 $0.0000 $0.0000 $0.0163
4/29/2022 4.56 $0.0149 $0.0000 $0.0000 $0.0149
3/30/2022 4.84 $0.0112 $0.0000 $0.0000 $0.0112
2/28/2022 5.11 $0.0178 $0.0000 $0.0000 $0.0178
1/31/2022 5.17 $0.0142 $0.0000 $0.0000 $0.0142
12/30/2021 5.22 $0.0742 $0.0000 $0.0000 $0.0742
12/20/2021 5.27 $0.0000 $0.0000 $0.0000 $0.0000
11/30/2021 5.19 $0.0162 $0.0000 $0.0000 $0.0162
Past distributions are not indicative of future distributions.

Fund Literature


09/30/2022 - PDF (236 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
09/30/2022 - PDF (405 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (148 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
09/30/2022 - PDF (489 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
09/30/2022 - PDF (283 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
PDF (2 KB)
An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
PDF (2 KB)
An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
Important Risks: Investing involves risk, including the possible loss of principal. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political, economic and regulatory developments. These risks may be greater, and include additional risks, for investments in emerging markets. • Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, regulatory and counterparty risk. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • The value of inflation-protected securities (IPS) generally fluctuates with changes in real interest rates, and the market for IPS may be less developed or liquid, and more volatile, than other securities markets. • Because the Fund is non-diversified, it may invest in a smaller number of issuers, and may be more exposed to risks and volatility than a more broadly diversified fund. • Restricted securities may be more difficult to sell and price than other securities.
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The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are appropriate for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, or ETF summary prospectus and/or prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA|SIPC. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

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