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Hartford Emerging Markets Local Debt Fund

Hartford Emerging Markets Local Debt Fund

Explore Another ETFs

  • 5.60NAV (as of 9/24/2018)
  • -0.01 (-0.18%) NAV Change
  • Emerging Market Local Currency BondMorningstar Category
  • Emerging Markets Local Currency DebtLipper Classification

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

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

Performance

Performance (%)
% (as of 8/31/2018)
Average Annual Total Returns % (as of 8/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt  I -11.37 -10.75 3.01 -1.02 --- -0.88
Benchmark -10.47 -10.05 3.24 -1.33 --- ---
Morningstar Emerging Market Local Currency Bond Category -10.29 -9.88 2.43 -1.61 --- ---
Performance (%)
% (as of 6/30/2018)
Average Annual Total Returns % (as of 6/30/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt  I -7.44 -3.08 1.78 -0.78 --- -0.29
Benchmark -6.44 -2.33 1.96 -1.40 --- ---
Morningstar Emerging Market Local Currency Bond Category -6.26 -2.30 1.39 -1.61 --- ---
SI = Since Inception. Fund Inception: 05/31/2011
Operating Expenses:   Net  1.01% |  Gross  1.12%

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 8/31/2018)
[{"date":"2018/08/31","value":"9221"},{"date":"2018/07/31","value":"9845"},{"date":"2018/06/30","value":"9633"},{"date":"2018/05/31","value":"9939"},{"date":"2018/04/30","value":"10486"},{"date":"2018/03/31","value":"10834"},{"date":"2018/02/28","value":"10779"},{"date":"2018/01/31","value":"10888"},{"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

Reflects Class A, excluding sales charges. If sales charges and taxes had been included, the value would have been lower. Results for other classes will vary.

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 8/31/2018
Net Assets $168 million
Turnover (6/30/2018) 128%
Dividend Frequency Monthly
Holdings Characteristics
(as of 8/31/2018)
Fund
% Non-Investment Grade 29.84%
% Not Rated 2.56%
Effective Duration 4.89 yrs.

Top Ten Countries (%)

(as of 8/31/2018)
label percentage
South Africa
 10.62
Mexico
 10.3
Indonesia
 9.15
Russia
 9.07
Supranational
 7.75
Brazil
 5.74
Colombia
 4.93
Hungary
 4.92
Czech Republic
 4.82
Germany
 -3.29
(as of 6/30/2018)
label percentage
South Africa
 12.67
Mexico
 10.59
Russia
 10.09
Indonesia
 7.7
Brazil
 7.45
Supranational
 6.98
Colombia
 4.93
Hungary
 4.23
United Arab Emirates
 3.67
Chile
 3.3
Fund Essentials
Inception Date 05/31/2011
Symbol HLDIX
CUSIP 41664M318
Fund Number 1024

Top Ten Issuers

(as of 8/31/2018)
label percentageholding
Russian Federal Bond - OFZ 8.37
Mexican Bonos 7.77
Republic of South Africa Government Bond 6.82
Indonesia Treasury Bond 5.07
Hungary Government Bond 4.42
Brazil Notas do Tesouro Nacional 3.90
Colombian TES 3.51
International Finance Corp. 2.21
Republic of Poland Government Bond 2.10
Turkey Government Bond 2.06
Total Portfolio % 46.23
(as of 6/30/2018)
label percentageholding
Mexican Bonos 8.15
Republic of South Africa Government Bond 7.50
Russian Federal Bond - OFZ 6.92
Brazil Notas do Tesouro Nacional 5.21
Turkey Government Bond 4.58
Hungary Government Bond 3.91
Indonesia Treasury Bond 3.53
Colombian TES 3.22
Malaysia Government Bond 2.85
Republic of Poland Government Bond 2.43
Total Portfolio % 48.30

Excel Full Portfolio Holdings Excel         PDF Full Portfolio Holdings

Top Ten Currencies (%)

(as of 8/31/2018)
label percentage
Mexican Peso 9.6
Brazilian Real 9.4
Polish Zloty 9.2
Indonesian Rupiah 9.0
Thai Baht 8.3
South African Rand 8.1
US Dollar 7.2
Russian Ruble 6.5
Colombian Peso 6.2
Czech Republic Koruna 4.7
(as of 6/30/2018)
label percentage
Indonesian Rupiah 9.7
Mexican Peso 9.6
Brazilian Real 8.8
Polish Zloty 8.4
Russian Ruble 8.3
South African Rand 7.4
Colombian Peso 6.9
Thai Baht 6.8
US Dollar 5.7
Turkish Lira 5.0
Yields
As of Date 8/31/2018
30 Day SEC Yield 5.77%
Unsubsidized 30-Day SEC Yield 5.65%

Insights

pdf

How would a trade war affect emerging markets? 

Fri Sep 14 09:30:00 EDT 2018
Three potential scenarios could lead to vastly different outcomes.
pdf

Client Conversations: Managing Risk in Your Fixed-Income Portfolio 

Wed Sep 05 15:13:00 EDT 2018
Changes in the economy and interest rates can have a big impact on your fixed-income portfolio.
pdf

Shelter From the Storm 

Wed Jul 18 12:42:00 EDT 2018
A fixed-income forecast for a rising-rate world.

Literature

Fund Literature

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email pdf
pdf

Fact Sheet

06/30/2018 | pdf
Get FINRA Letter

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pdf

Expanded Commentary

06/30/2018 | pdf

Max 100
pdf

Summary Prospectus

03/01/2018 | pdf

Available For
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pdf

Pitchbook

06/30/2018 | pdf

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pdf

Semi Annual Report

04/30/2018 | pdf

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pdf

Statutory Prospectus

03/01/2018 | pdf

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pdf

Annual Report

10/31/2017 | pdf

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pdf

SAI

03/01/2018 | pdf

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A WORD ABOUT RISK

Investing involves risk, including the possible loss of principal. There is no guarantee a fund will achieve its stated objective. 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. • 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, and counterparty risk. • 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. • 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. • 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. • Privately placed, restricted (Rule 144A) 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 suitable 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.

All investments are subject to 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, ETF or exchange-traded managed fund (ETMF) prospectus and summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

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