• Products

    World Bond Fund Monthly Positioning & Outlook

    View Now >

  • Insights

    Human-Centric Investing Podcast

    Listen to Latest Episode >

  • Practice Management

    Applied Insights Team

    Learn More >

  • Resources

    Tax Center

    View Now >

  • About Us

    Human-Centric Investing

    Learn More >

Taxable Bond fund

Hartford Emerging Markets Local Debt Fund    Share Class - I (HLDIX)


MORNINGSTAR RATING:
Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 73, 73, 69 and 50 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.
©2021 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.
overall (as of 9/30/2021)
73 PRODUCTS
Emerging-Markets Local-Currency Bond Category
Based on Risk-Adjusted Returns

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
Senior Managing Director
Fixed-Income Portfolio Manager
10
YRS
MANAGING THIS FUND
22
YRS
AT WELLINGTON MANAGEMENT
36
YRS
EXPERIENCE IN THIS INDUSTRY
Managing Director
Fixed-Income Portfolio Manager
6
YRS
MANAGING THIS FUND
7
YRS
AT WELLINGTON MANAGEMENT
25
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
4
YRS
MANAGING THIS FUND
5
YRS
AT WELLINGTON MANAGEMENT
34
YRS
EXPERIENCE IN THIS INDUSTRY

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

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 9/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt I -5.36 4.68 4.10 2.38 2.02 0.79
Benchmark -6.37 2.64 3.67 2.06 1.05 ---
Morningstar Emerging-Markets Local-Currency Bond Category -5.57 3.03 3.23 1.59 0.83 ---
 
CUMULATIVE %
(as of 9/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt I -5.36 4.68 4.10 2.38 2.02 0.79
Benchmark -6.37 2.64 3.67 2.06 1.05 ---
Morningstar Emerging-Markets Local-Currency Bond Category -5.57 3.03 3.23 1.59 0.83 ---

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

Hartford Emerging Markets Local Debt Fund I Share Morningstar Ratings
overall
(as of 9/30/2021)
Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 73, 73, 69 and 50 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.
©2021 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.

73 PRODUCTS
|
Emerging-Markets Local-Currency Bond Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 9/30/2021)
Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 73, 73, 69 and 50 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.
©2021 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.

73 PRODUCTS
|
Emerging-Markets Local-Currency Bond Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 9/30/2021)
Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 73, 73, 69 and 50 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.
©2021 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.

69 PRODUCTS
|
Emerging-Markets Local-Currency Bond Category
Based on Risk-Adjusted Returns
10 YEAR
(as of 9/30/2021)
Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 73, 73, 69 and 50 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.
©2021 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.

50 PRODUCTS
|
Emerging-Markets Local-Currency Bond Category
Based on Risk-Adjusted Returns
Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

Characteristics

FUND ESSENTIALS
Inception Date 05/31/2011
Net Assets $59 million
Gross Operating Expenses 1.07%
Net Operating Expenses 0.93%
Morningstar Category Emerging-Markets Local-Currency Bond
Lipper Classification Emerging Markets Local Currency Debt Fds
CUSIP 41664M318
Fund Number 1024
FUND STATS
Dividend Frequency
Monthly
# of Issuers
132
# of Holdings
331
Holdings Characteristics
Effective Duration
5.03 yrs
Top Ten Countries (%)
China 12
Russia 8
Malaysia 7
South Africa 7
Mexico 6
Indonesia 5
United States 5
Thailand 5
Brazil 5
Colombia 4
China 11
United States 10
Russia 8
Malaysia 7
South Africa 6
Mexico 6
Brazil 6
Indonesia 5
Thailand 5
Colombia 4
Top Ten Countries represent the Fund's top ten country exposures based on market value.
Top Ten Issuers (%)
China Government Bond 8.08
Malaysia Government Bond 6.45
Republic of South Africa Government Bond 5.83
Russian Federal Bond - OFZ 5.57
Indonesia Treasury Bond 4.98
Thailand Government Bond 4.59
Mexican Bonos 4.31
Colombian TES 3.45
Czech Republic Government Bond 2.41
Peru Government Bond 2.14
Total Portfolio % 47.81
China Government Bond 6.82
Malaysia Government Bond 6.44
Republic of South Africa Government Bond 5.39
Russian Federal Bond - OFZ 5.26
Indonesia Treasury Bond 4.88
Thailand Government Bond 4.78
Mexican Bonos 3.94
Colombian TES 3.03
Czech Republic Government Bond 2.54
Brazil Notas do Tesouro Nacional 1.91
Total Portfolio % 44.99
Yields (%) (as of 9/30/21)
30-Day SEC Yield
3.43
Unsubsidized 30-Day SEC Yield
3.28
Top Ten Currencies (%)
Indonesian Rupiah 10
Mexican Peso 9
Russian Ruble 8
Chinese Renminbi 8
Malaysian Ringgit 8
Thai Baht 8
Brazilian Real 8
South African Rand 7
Polish Zloty 6
Czech Republic Koruna 5
Indonesian Rupiah 9
Mexican Peso 9
Brazilian Real 9
Malaysian Ringgit 8
Polish Zloty 8
Thai Baht 8
Russian Ruble 8
South African Rand 7
Chinese Renminbi 7
US Dollar 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
8/31/2021 5.58 $0.0166 $0.0000 $0.0000 $0.0166
7/30/2021 5.58 $0.0138 $0.0000 $0.0000 $0.0138
6/29/2021 5.64 $0.0149 $0.0000 $0.0000 $0.0149
5/28/2021 5.66 $0.0179 $0.0000 $0.0000 $0.0179
4/30/2021 5.58 $0.0159 $0.0000 $0.0000 $0.0159
3/30/2021 5.43 $0.0146 $0.0000 $0.0000 $0.0146
2/26/2021 5.67 $0.0154 $0.0000 $0.0000 $0.0154
1/29/2021 5.75 $0.0127 $0.0000 $0.0000 $0.0127
12/30/2020 5.85 $0.0174 $0.0000 $0.0000 $0.0174
12/18/2020 5.90 $0.0000 $0.0000 $0.0000 $0.0000
11/27/2020 5.69 $0.0195 $0.0000 $0.0000 $0.0195
10/30/2020 5.36 $0.0186 $0.0000 $0.0000 $0.0186
9/29/2020 5.32 $0.0170 $0.0000 $0.0000 $0.0170
Past distributions are not indicative of future distributions.

Fund Literature


09/30/2021 - PDF (223 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2021 - PDF (632 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 (149 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
09/30/2021 - PDF (391 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
09/30/2021 - PDF (323 KB)
This Pitchbook reviews the Funds' 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.

 

223727

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. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Management Group, Inc. and its subsidiaries, including HFD, HFMC, and Lattice, 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.

© Copyright 2021 Hartford Funds Management Group, Inc. All Rights Reserved. Not FDIC Insured | No Bank Guarantee | May Lose Value