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Hartford Emerging Markets Local Debt Fund

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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
Michael T. Henry
Managing Director
Fixed-Income Portfolio Manager
Kevin Murphy
Senior Managing Director
Fixed Income Portfolio Manager

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

Performance

Performance (%)
% (as of 8/31/2020)
Average Annual Total Returns % (as of 8/31/2020)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt  I -4.46 1.89 0.33 4.34 --- 0.65
Benchmark -4.40 1.55 0.74 4.57 --- ---
Morningstar Emerging-Markets Local-Currency Bond Category -3.79 1.75 -0.09 3.29 --- ---
Performance (%)
% (as of 6/30/2020)
Average Annual Total Returns % (as of 6/30/2020)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt  I -8.03 -4.09 0.36 1.92 --- 0.24
Benchmark -6.89 -2.82 1.14 2.34 --- ---
Morningstar Emerging-Markets Local-Currency Bond Category -6.17 -3.29 0.43 1.57 --- ---
SI = Since Inception. Fund Inception: 05/31/2011
Operating Expenses:   Net  0.94% |  Gross  1.02%

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 (I-Share)

(as of 8/31/2020)
[{"date":"Mon Aug 31 00:00:00 EDT 2020","value":"10614.0"},{"date":"Fri Jul 31 00:00:00 EDT 2020","value":"10561.0"},{"date":"Tue Jun 30 00:00:00 EDT 2020","value":"10218.0"},{"date":"Sun May 31 00:00:00 EDT 2020","value":"10105.0"},{"date":"Thu Apr 30 00:00:00 EDT 2020","value":"9402.0"},{"date":"Tue Mar 31 00:00:00 EDT 2020","value":"9037.0"},{"date":"Sat Feb 29 00:00:00 EST 2020","value":"10695.0"},{"date":"Fri Jan 31 00:00:00 EST 2020","value":"10995.0"},{"date":"Tue Dec 31 00:00:00 EST 2019","value":"11110.0"},{"date":"Sat Nov 30 00:00:00 EST 2019","value":"10659.0"},{"date":"Thu Oct 31 00:00:00 EDT 2019","value":"10818.0"},{"date":"Mon Sep 30 00:00:00 EDT 2019","value":"10518.0"},{"date":"Sat Aug 31 00:00:00 EDT 2019","value":"10418.0"},{"date":"Wed Jul 31 00:00:00 EDT 2019","value":"10717.0"},{"date":"Sun Jun 30 00:00:00 EDT 2019","value":"10654.0"},{"date":"Fri May 31 00:00:00 EDT 2019","value":"10116.0"},{"date":"Tue Apr 30 00:00:00 EDT 2019","value":"10124.0"},{"date":"Sun Mar 31 00:00:00 EDT 2019","value":"10092.0"},{"date":"Thu Feb 28 00:00:00 EST 2019","value":"10256.0"},{"date":"Thu Jan 31 00:00:00 EST 2019","value":"10303.0"},{"date":"Mon Dec 31 00:00:00 EST 2018","value":"9715.0"},{"date":"Fri Nov 30 00:00:00 EST 2018","value":"9616.0"},{"date":"Wed Oct 31 00:00:00 EDT 2018","value":"9413.0"},{"date":"Sun Sep 30 00:00:00 EDT 2018","value":"9612.0"},{"date":"Fri Aug 31 00:00:00 EDT 2018","value":"9380.0"},{"date":"Tue Jul 31 00:00:00 EDT 2018","value":"10016.0"},{"date":"Sat Jun 30 00:00:00 EDT 2018","value":"9797.0"},{"date":"Thu May 31 00:00:00 EDT 2018","value":"10107.0"},{"date":"Mon Apr 30 00:00:00 EDT 2018","value":"10661.0"},{"date":"Sat Mar 31 00:00:00 EDT 2018","value":"11013.0"},{"date":"Wed Feb 28 00:00:00 EST 2018","value":"10954.0"},{"date":"Wed Jan 31 00:00:00 EST 2018","value":"11063.0"},{"date":"Sun Dec 31 00:00:00 EST 2017","value":"10584.0"},{"date":"Thu Nov 30 00:00:00 EST 2017","value":"10369.0"},{"date":"Tue Oct 31 00:00:00 EDT 2017","value":"10232.0"},{"date":"Sat Sep 30 00:00:00 EDT 2017","value":"10464.0"},{"date":"Thu Aug 31 00:00:00 EDT 2017","value":"10511.0"},{"date":"Mon Jul 31 00:00:00 EDT 2017","value":"10349.0"},{"date":"Fri Jun 30 00:00:00 EDT 2017","value":"10108.0"},{"date":"Wed May 31 00:00:00 EDT 2017","value":"10080.0"},{"date":"Sun Apr 30 00:00:00 EDT 2017","value":"9889.0"},{"date":"Fri Mar 31 00:00:00 EDT 2017","value":"9735.0"},{"date":"Tue Feb 28 00:00:00 EST 2017","value":"9491.0"},{"date":"Tue Jan 31 00:00:00 EST 2017","value":"9272.0"},{"date":"Sat Dec 31 00:00:00 EST 2016","value":"9056.0"},{"date":"Wed Nov 30 00:00:00 EST 2016","value":"8893.0"},{"date":"Mon Oct 31 00:00:00 EDT 2016","value":"9553.0"},{"date":"Fri Sep 30 00:00:00 EDT 2016","value":"9639.0"},{"date":"Wed Aug 31 00:00:00 EDT 2016","value":"9478.0"},{"date":"Sun Jul 31 00:00:00 EDT 2016","value":"9444.0"},{"date":"Thu Jun 30 00:00:00 EDT 2016","value":"9361.0"},{"date":"Tue May 31 00:00:00 EDT 2016","value":"8860.0"},{"date":"Sat Apr 30 00:00:00 EDT 2016","value":"9312.0"},{"date":"Thu Mar 31 00:00:00 EDT 2016","value":"9032.0"},{"date":"Mon Feb 29 00:00:00 EST 2016","value":"8336.0"},{"date":"Sun Jan 31 00:00:00 EST 2016","value":"8273.0"},{"date":"Thu Dec 31 00:00:00 EST 2015","value":"8240.0"},{"date":"Mon Nov 30 00:00:00 EST 2015","value":"8456.0"},{"date":"Sat Oct 31 00:00:00 EDT 2015","value":"8611.0"},{"date":"Wed Sep 30 00:00:00 EDT 2015","value":"8257.0"},{"date":"Mon Aug 31 00:00:00 EDT 2015","value":"8582.0"},{"date":"Fri Jul 31 00:00:00 EDT 2015","value":"9021.0"},{"date":"Tue Jun 30 00:00:00 EDT 2015","value":"9293.0"},{"date":"Sun May 31 00:00:00 EDT 2015","value":"9456.0"},{"date":"Thu Apr 30 00:00:00 EDT 2015","value":"9644.0"},{"date":"Tue Mar 31 00:00:00 EDT 2015","value":"9354.0"},{"date":"Sat Feb 28 00:00:00 EST 2015","value":"9598.0"},{"date":"Sat Jan 31 00:00:00 EST 2015","value":"9618.0"},{"date":"Wed Dec 31 00:00:00 EST 2014","value":"9646.0"},{"date":"Sun Nov 30 00:00:00 EST 2014","value":"10194.0"},{"date":"Fri Oct 31 00:00:00 EDT 2014","value":"10369.0"},{"date":"Tue Sep 30 00:00:00 EDT 2014","value":"10294.0"},{"date":"Sun Aug 31 00:00:00 EDT 2014","value":"10798.0"},{"date":"Thu Jul 31 00:00:00 EDT 2014","value":"10730.0"},{"date":"Mon Jun 30 00:00:00 EDT 2014","value":"10827.0"},{"date":"Sat May 31 00:00:00 EDT 2014","value":"10748.0"},{"date":"Wed Apr 30 00:00:00 EDT 2014","value":"10516.0"},{"date":"Mon Mar 31 00:00:00 EDT 2014","value":"10423.0"},{"date":"Fri Feb 28 00:00:00 EST 2014","value":"10181.0"},{"date":"Fri Jan 31 00:00:00 EST 2014","value":"9812.0"},{"date":"Tue Dec 31 00:00:00 EST 2013","value":"10173.0"},{"date":"Sat Nov 30 00:00:00 EST 2013","value":"10190.0"},{"date":"Thu Oct 31 00:00:00 EDT 2013","value":"10465.0"},{"date":"Mon Sep 30 00:00:00 EDT 2013","value":"10220.0"},{"date":"Sat Aug 31 00:00:00 EDT 2013","value":"9874.0"},{"date":"Wed Jul 31 00:00:00 EDT 2013","value":"10248.0"},{"date":"Sun Jun 30 00:00:00 EDT 2013","value":"10190.0"},{"date":"Fri May 31 00:00:00 EDT 2013","value":"10705.0"},{"date":"Tue Apr 30 00:00:00 EDT 2013","value":"11313.0"},{"date":"Sun Mar 31 00:00:00 EDT 2013","value":"10931.0"},{"date":"Thu Feb 28 00:00:00 EST 2013","value":"11017.0"},{"date":"Thu Jan 31 00:00:00 EST 2013","value":"11059.0"},{"date":"Mon Dec 31 00:00:00 EST 2012","value":"10978.0"},{"date":"Fri Nov 30 00:00:00 EST 2012","value":"10642.0"},{"date":"Wed Oct 31 00:00:00 EDT 2012","value":"10512.0"},{"date":"Sun Sep 30 00:00:00 EDT 2012","value":"10370.0"},{"date":"Fri Aug 31 00:00:00 EDT 2012","value":"10065.0"},{"date":"Tue Jul 31 00:00:00 EDT 2012","value":"9969.0"},{"date":"Sat Jun 30 00:00:00 EDT 2012","value":"9707.0"},{"date":"Thu May 31 00:00:00 EDT 2012","value":"9187.0"},{"date":"Mon Apr 30 00:00:00 EDT 2012","value":"9908.0"},{"date":"Sat Mar 31 00:00:00 EDT 2012","value":"9773.0"},{"date":"Wed Feb 29 00:00:00 EST 2012","value":"9908.0"},{"date":"Tue Jan 31 00:00:00 EST 2012","value":"9592.0"},{"date":"Sat Dec 31 00:00:00 EST 2011","value":"8981.0"},{"date":"Wed Nov 30 00:00:00 EST 2011","value":"9068.0"},{"date":"Mon Oct 31 00:00:00 EDT 2011","value":"9373.0"},{"date":"Fri Sep 30 00:00:00 EDT 2011","value":"8880.0"},{"date":"Wed Aug 31 00:00:00 EDT 2011","value":"9967.0"},{"date":"Sun Jul 31 00:00:00 EDT 2011","value":"10062.0"},{"date":"Thu Jun 30 00:00:00 EDT 2011","value":"9899.0"},{"date":"Tue May 31 00:00:00 EDT 2011","value":"10000.0"}]

 
Growth of $10,000
I-Share Morningstar Ratings
(as of 8/31/2020)
  • Overall
    infoIcon:
    Overall, 4 stars, 3-Year, 3 stars, and 5-Year, 4 stars, rated against 67, 67 and 64 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
    ©2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
    infoIcon:
  • 67 Products | Emerging-Markets Local-Currency Bond Category
Based on Risk-Adjusted Returns
Calendar Year Returns (%)
Fund Benchmark
2019 14.37 13.47
2018 -8.21 -6.21
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

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

CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.

Allocations, exposures and holdings are subject to change. Percentages may be rounded.
Statistics
As of Date 8/31/2020
Net Assets $72 million
# of Holdings 340
# of Issuers 148
Turnover (6/30/2020) 106%
Dividend Frequency Monthly
Holdings Characteristics
(as of 8/31/2020)
Fund
Effective Duration 5.60 yrs

Top 10 Countries (%)

(as of 8/31/2020)
label percentage
Russia
9
Colombia
9
Malaysia
7
Indonesia
6
Mexico
6
China
6
Thailand
5
Peru
5
South Africa
5
Brazil
4
(as of 6/30/2020)
label percentage
Russia
7
Colombia
7
South Africa
7
Mexico
7
Indonesia
6
Malaysia
6
Brazil
5
Thailand
5
Peru
5
China
5
Top Ten Countries represent the Fund's top ten country exposures based on market value.
Yields
As of Date 8/31/2020
30 Day SEC Yield 3.67%
Unsubsidized 30-Day SEC Yield 3.63%

Top Ten Issuers

(as of 8/31/2020)
label percentageholding
Russian Federal Bond - OFZ 7.95
Colombian TES 6.52
Malaysia Government Bond 6.13
Indonesia Treasury Bond 4.93
Thailand Government Bond 4.87
Republic of South Africa Government Bond 3.60
Mexican Bonos 3.26
Peru Government Bond 3.12
Czech Republic Government Bond 3.03
China Government Bond 2.97
Total Portfolio % 46.38
(as of 6/30/2020)
label percentageholding
Russian Federal Bond - OFZ 6.12
Colombian TES 5.54
Republic of South Africa Government Bond 5.52
Malaysia Government Bond 5.15
Indonesia Treasury Bond 4.91
Thailand Government Bond 4.76
Czech Republic Government Bond 3.86
Mexican Bonos 3.70
Peru Government Bond 2.71
Republic of Poland Government Bond 2.52
Total Portfolio % 44.79
Fund Essentials
Inception Date 05/31/2011
Symbol HLDIX
CUSIP 41664M318
Fund Number 1024

Top Ten Currencies (%)

(as of 8/31/2020)
label percentage
Mexican Peso 10
Indonesian Rupiah 9
Thai Baht 9
Brazilian Real 8
Polish Zloty 8
Russian Ruble 8
South African Rand 7
Malaysian Ringgit 7
Chinese Renminbi 6
Colombian Peso 6
(as of 6/30/2020)
label percentage
Mexican Peso 11
Indonesian Rupiah 10
Brazilian Real 9
Thai Baht 9
Russian Ruble 9
Polish Zloty 8
South African Rand 7
Colombian Peso 6
Malaysian Ringgit 6
Czech Republic Koruna 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.

Insights

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Coronavirus Update Center 

07/21/2020
Collected insights on the impact of coronavirus.
pdf

How to Build a Better Fixed-Income Allocation 

05/15/2020
We explore how investors can seek to make their fixed-income allocation more effective, while still keeping it simple.

Literature

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pdf

Fact Sheet

06/30/2020 | pdf

This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.

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Expanded Commentary

06/30/2020 | pdf

Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.

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Summary Prospectus

pdf

A concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.

Emerging Markets Local Debt Fund Pitchbook

06/30/2020 | pdf

This Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.

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Semi Annual Report

pdf

A semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

Statutory Prospectus

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An annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.

Annual Report

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An annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

SAI

pdf

A supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.  

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 and economic developments. These risks may be greater 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, 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. • The Fund may invest in a smaller number of issuers, so it 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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