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Taxable Bond fund

Hartford Emerging Markets Local Debt Fund   

Taxable Bond fund

Hartford Emerging Markets Local Debt Fund   
Share Class - R4 (HLDSX)

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
9
YRS
MANAGING THIS FUND
10
YRS
AT WELLINGTON MANAGEMENT
28
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
7
YRS
MANAGING THIS FUND
8
YRS
AT WELLINGTON MANAGEMENT
37
YRS
EXPERIENCE IN THIS INDUSTRY

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

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 9/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt R4 5.21 14.23 1.43 1.39 0.75 0.72
Benchmark 4.95 13.42 0.60 0.59 0.57 ---
Morningstar Emerging-Markets Local-Currency Bond Category 4.21 12.73 1.23 0.90 0.47 ---
 
CUMULATIVE %
(as of 9/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt R4 5.21 14.23 1.43 1.39 0.75 0.72
Benchmark 4.95 13.42 0.60 0.59 0.57 ---
Morningstar Emerging-Markets Local-Currency Bond Category 4.21 12.73 1.23 0.90 0.47 ---

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

Characteristics

FUND ESSENTIALS
Inception Date 05/31/2011
Net Assets $33 million
Gross Operating Expenses 1.73%
Net Operating Expenses 1.18%
Morningstar Category Emerging-Markets Local-Currency Bond
Lipper Classification Emerging Markets Local Currency Debt Fds
CUSIP 41664M284
Fund Number 1027
FUND STATS
Dividend Frequency
Monthly
# of Issuers
126
# of Holdings
311
Holdings Characteristics
Yield to Worst (%)
7.88%
Effective Duration
4.91 yrs
Top Ten Countries (%)
Mexico 10
Malaysia 8
Indonesia 7
South Africa 6
Colombia 5
Czech Republic 5
India 4
Romania 4
Thailand 4
Chile 4
Mexico 12
Malaysia 7
South Africa 6
Colombia 6
United States 6
Czech Republic 5
Brazil 5
Indonesia 5
Thailand 5
Peru 4
Top Ten Countries represent the Fund's top ten country exposures based on market value.
Top Ten Issuers (%)
Indonesia Treasury Bonds 5.66
Mexico Bonos 5.16
Republic of South Africa Government Bonds 4.97
Malaysia Government Bonds 4.73
Thailand Government Bonds 4.22
Czech Republic Government Bonds 3.80
Colombia TES 3.62
Romania Government Bonds 3.43
Mexico Cetes 3.16
China Government Bonds 2.86
Total Portfolio % 41.61
Yields (%) (as of 9/30/24)
Distribution Yield at NAV
5.26
Trailing 12 Month Yield
4.96
30-Day SEC Yield
5.08
Unsubsidized 30-Day SEC Yield
4.77
Top Ten Currencies (%)
Indonesian Rupiah 10
Mexican Peso 9
Malaysian Ringgit 9
Thai Baht 9
South African Rand 8
Polish Zloty 8
Brazilian Real 8
Offshore Chinese Renminbi 7
Czech Republic Koruna 6
Colombian Peso 4
Indonesian Rupiah 9
Malaysian Ringgit 9
Mexican Peso 9
South African Rand 9
Thai Baht 9
Brazilian Real 9
Polish Zloty 8
Offshore Chinese Renminbi 8
Czech Republic Koruna 6
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
9/26/2024 4.87 $0.0213 $0.0000 $0.0000 $0.0213
8/27/2024 4.76 $0.0216 $0.0000 $0.0000 $0.0216
7/26/2024 4.59 $0.0191 $0.0000 $0.0000 $0.0191
6/26/2024 4.53 $0.0215 $0.0000 $0.0000 $0.0215
5/29/2024 4.60 $0.0195 $0.0000 $0.0000 $0.0195
4/26/2024 4.54 $0.0212 $0.0000 $0.0000 $0.0212
3/26/2024 4.67 $0.0189 $0.0000 $0.0000 $0.0189
2/27/2024 4.68 $0.0199 $0.0000 $0.0000 $0.0199
1/29/2024 4.69 $0.0163 $0.0000 $0.0000 $0.0163
12/27/2023 4.81 $0.0188 $0.0000 $0.0000 $0.0188
12/15/2023 4.75 $0.0000 $0.0000 $0.0000 $0.0000
11/29/2023 4.69 $0.0222 $0.0000 $0.0000 $0.0222
10/30/2023 4.43 $0.0210 $0.0000 $0.0000 $0.0210
Past distributions are not indicative of future distributions.

Fund Literature


06/30/2024 - PDF (182 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2024 - PDF (355 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 (165 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
06/30/2024 - PDF (413 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
06/30/2024 - PDF (315 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
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.
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. • Foreign investments, including foreign government debt, 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. • Fixed income security risks include credit, liquidity, call, duration, inflation, event and interest-rate risk. As interest rates rise, bond prices generally fall. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • 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. • The Fund's investments may fluctuate in value over a short period of time. • 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. • 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. • Restricted securities may be more difficult to sell and price than other securities. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor's tax liability.
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