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Hartford Emerging Markets Local Debt Fund

Explore Another ETFs

Objective

Seeks capital appreciation and income.

Overview

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

More About Emerging Markets Local Debt Fund 


James W. Valone, CFA
Senior Managing Director
Fixed-Income Portfolio Manager
Evan J. Ouellette
Managing Director
Fixed-Income Portfolio Manager
Michael T. Henry
Managing Director
Fixed-Income Portfolio Manager
Kevin Murphy
Managing Director
Fixed-Income Portfolio Manager

Portfolio managers are supported by the full resources of Wellington Management.

Performance

Performance (%)
% (as of 12/31/2017)
Average Annual Total Returns % (as of 12/31/2017)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt  I 16.88 16.88 3.14 -0.73 --- 0.87
Benchmark 15.21 15.21 2.53 -1.55 --- ---
Morningstar Emerging Market Local Currency Bond Category 14.16 14.16 2.12 -2.01 --- ---
Performance (%)
% (as of 12/31/2017)
Average Annual Total Returns % (as of 12/31/2017)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt  I 16.88 16.88 3.14 -0.73 --- 0.87
Benchmark 15.21 15.21 2.53 -1.55 --- ---
Morningstar Emerging Market Local Currency Bond Category 14.16 14.16 2.12 -2.01 --- ---
SI = Since Inception. Fund Inception: 05/31/2011
Operating Expenses:   Net  1.01% |  Gross  1.27%

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.

Growth of $10,000

(as of 12/31/2017)
[{"date":"2017/12/31","value":"10404"},{"date":"2017/11/30","value":"10212"},{"date":"2017/10/31","value":"10079"},{"date":"2017/09/30","value":"10310"},{"date":"2017/08/31","value":"10358"},{"date":"2017/07/31","value":"10201"},{"date":"2017/06/30","value":"9954"},{"date":"2017/05/31","value":"9927"},{"date":"2017/04/30","value":"9755"},{"date":"2017/03/31","value":"9605"},{"date":"2017/02/28","value":"9355"},{"date":"2017/01/31","value":"9141"},{"date":"2016/12/31","value":"8929"},{"date":"2016/11/30","value":"8772"},{"date":"2016/10/31","value":"9437"},{"date":"2016/09/30","value":"9512"},{"date":"2016/08/31","value":"9367"},{"date":"2016/07/31","value":"9336"},{"date":"2016/06/30","value":"9256"},{"date":"2016/05/31","value":"8764"},{"date":"2016/04/30","value":"9199"},{"date":"2016/03/31","value":"8925"},{"date":"2016/02/29","value":"8240"},{"date":"2016/01/31","value":"8180"},{"date":"2015/12/31","value":"8161"},{"date":"2015/11/30","value":"8376"},{"date":"2015/10/31","value":"8531"},{"date":"2015/09/30","value":"8171"},{"date":"2015/08/31","value":"8507"},{"date":"2015/07/31","value":"8942"},{"date":"2015/06/30","value":"9201"},{"date":"2015/05/31","value":"9364"},{"date":"2015/04/30","value":"9565"},{"date":"2015/03/31","value":"9268"},{"date":"2015/02/28","value":"9511"},{"date":"2015/01/31","value":"9545"},{"date":"2014/12/31","value":"9563"},{"date":"2014/11/30","value":"10119"},{"date":"2014/10/31","value":"10295"},{"date":"2014/09/30","value":"10222"},{"date":"2014/08/31","value":"10724"},{"date":"2014/07/31","value":"10660"},{"date":"2014/06/30","value":"10760"},{"date":"2014/05/31","value":"10685"},{"date":"2014/04/30","value":"10446"},{"date":"2014/03/31","value":"10356"},{"date":"2014/02/28","value":"10129"},{"date":"2014/01/31","value":"9754"},{"date":"2013/12/31","value":"10114"},{"date":"2013/11/30","value":"10145"},{"date":"2013/10/31","value":"10410"},{"date":"2013/09/30","value":"10179"},{"date":"2013/08/31","value":"9826"},{"date":"2013/07/31","value":"10201"},{"date":"2013/06/30","value":"10145"},{"date":"2013/05/31","value":"10659"},{"date":"2013/04/30","value":"11267"},{"date":"2013/03/31","value":"10889"},{"date":"2013/02/28","value":"10977"},{"date":"2013/01/31","value":"11021"},{"date":"2012/12/31","value":"10953"},{"date":"2012/11/30","value":"10610"},{"date":"2012/10/31","value":"10483"},{"date":"2012/09/30","value":"10354"},{"date":"2012/08/31","value":"10042"},{"date":"2012/07/31","value":"9959"},{"date":"2012/06/30","value":"9700"},{"date":"2012/05/31","value":"9183"},{"date":"2012/04/30","value":"9895"},{"date":"2012/03/31","value":"9763"},{"date":"2012/02/29","value":"9899"},{"date":"2012/01/31","value":"9587"},{"date":"2011/12/31","value":"8969"},{"date":"2011/11/30","value":"9067"},{"date":"2011/10/31","value":"9363"},{"date":"2011/09/30","value":"8872"},{"date":"2011/08/31","value":"9961"},{"date":"2011/07/31","value":"10058"},{"date":"2011/06/30","value":"9897"},{"date":"2011/05/31","value":"10000"}]

 
Growth of $10,000

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

I-Share Morningstar Ratings
(as of 12/31/2017)
  • Overall
    infoIcon:
  • Overall Morningstar Rating for Emerging Markets Local Debt Fund, Class I, as of 12/31/2017 out of 79 products in the Emerging Market Local Currency Bond Category Based on Risk-Adjusted Returns
Calendar Year Returns (%)
Fund Benchmark
2017 16.88 15.21
2016 9.90 9.94
2015 -14.58 -14.92
2014 -5.17 -5.72
2013 -7.33 -8.98
2012 22.23 16.76
2011 --- ---
2010 --- ---
2009 --- ---
2008 --- ---

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

Characteristics Holdings are subject to change. Percentages may be rounded.

Statistics
As of Date 12/31/2017
Net Assets $161 million
Turnover (12/31/2017) 147%
Dividend Frequency Monthly
Holdings Characteristics
(as of 12/31/2017)
Fund
% Non-Investment Grade 34.24%
% Not Rated 3.01%
Effective Duration 4.84 yrs.

Top Ten Countries (%)

(as of 12/31/2017)
label percentage
South Africa
12.23
Russia
11.94
Indonesia
11.8
Mexico
11.36
Colombia
7.38
Turkey
6.17
Chile
5.56
Brazil
4.85
Poland
4.49
United States
-6.03
(as of 9/30/2017)
label percentage
Mexico
14.4
Indonesia
12.21
South Africa
12.13
Russia
11.8
Poland
5.55
Brazil
5.04
Colombia
4.88
Chile
3.82
Turkey
3.64
India
3.09
Fund Essentials
Inception Date 05/31/2011
Symbol HLDIX
CUSIP 41664M318
Fund Number 1024

Top Ten Issuers

(as of 12/31/2017)
label percentageholding
Russian Federal Bond - OFZ 7.91
Mexican Bonos 7.65
Turkey Government Bond 6.80
Indonesia Treasury Bond 6.67
Republic of South Africa Government Bond 6.15
Colombian TES 5.33
Malaysia Government Bond 3.63
Hungary Government Bond 3.44
Brazil Letras do Tesouro Nacional 3.36
Republic of Poland Government Bond 3.05
Total Portfolio % 53.99
(as of 9/30/2017)
label percentageholding
Mexican Bonos 10.13
Russian Federal Bond - OFZ 8.02
Indonesia Treasury Bond 7.64
Republic of South Africa Government Bond 6.84
Turkey Government Bond 5.56
Republic of Poland Government Bond 4.13
Colombian TES 3.86
Malaysia Government Bond 3.35
Hungary Government Bond 3.17
Brazil Notas do Tesouro Nacional 2.49
Total Portfolio % 55.19

Top Ten Currencies (%)

(as of 12/31/2017)
label percentage
Polish Zloty 10.8
Brazilian Real 10.4
Indonesian Rupiah 9.9
Mexican Peso 9.5
Thai Baht 9.3
Russian Ruble 8.0
Colombian Peso 7.9
Turkish Lira 7.7
South African Rand 7.4
Malaysian Ringgit 6.6
(as of 9/30/2017)
label percentage
Mexican Peso 10.7
Brazilian Real 10.2
Polish Zloty 10.0
Indonesian Rupiah 9.3
Turkish Lira 7.3
Malaysian Ringgit 6.9
South African Rand 6.6
Colombian Peso 6.2
Russian Ruble 6.0
Thai Baht 4.4
Yields
As of Date 12/31/2017
Distribution Yield at NAV 261.38%
Trailing 12 Month Yield 27.01%
30 Day SEC Yield 6.27%
Unsubsidized 30-Day SEC Yield 6.15%

Insights

pdf

Emerging Markets Local Debt: Ready for Takeoff? 

Tue Jun 20 10:00:00 EDT 2017
After several challenging years, emerging markets countries are experiencing gradual but steady growth.
pdf

Correlation and Dispersion: Return of the Stock Picker's Market? 

Tue Jun 06 10:00:00 EDT 2017
Amid normalizing central bank policy, correlations and dispersion are trending in a favorable direction for fundamental investors.
pdf

Do European Stocks Have Room to Run? 

Mon May 15 12:00:00 EDT 2017
The European economy is improving on multiple fronts.

Literature

Fund Literature

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Fact Sheet

12/31/2017 | pdf
Get FINRA Letter

Max 100

Commentary

09/30/2017 | pdf
Get FINRA Letter

Max 100

Expanded Commentary

09/30/2017 | pdf

Max 100

Summary Prospectus

03/01/2017 | pdf

Available For
Download Only

Pitchbook

12/31/2017 | pdf

Available For
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Semi Annual Report

04/30/2017 | pdf

Available For
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Statutory Prospectus

03/01/2017 | pdf

Available For
Download Only

Annual Report

10/31/2017 | pdf

Available For
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SAI

03/01/2017 | pdf

Available For
Download Only

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A WORD ABOUT RISK

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund's share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Fixed Income risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; these risks are currently heightened because interest rates are at, or near, historical lows. Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Derivatives may be riskier or more volatile than other types of investments because they are generally more sensitive to changes in market or economic conditions; risks include currency, leverage, liquidity, index, pricing, and counterparty risk. The value of inflation-protected securities generally fluctuates with changes in real interest rates, and the market for these securities may be less developed or liquid, and more volatile, than other securities markets. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., "Brexit"). These risks are generally greater for investments in emerging markets. The Fund may have high portfolio turnover, which could increase the Fund's transaction costs and an investor's tax liability. The Fund is non-diversified, so it may be more exposed to the risks associated with individual issuers than a diversified fund. Privately placed, restricted (Rule 144A) securities may be more difficult to sell and value than publicly traded securities, thus they may be potentially illiquid.

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