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Taxable Bond fund

Hartford Emerging Markets Local Debt Fund   

Taxable Bond fund

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

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 2/29/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 2/29/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt I -1.92 9.66 -1.39 0.64 0.39 0.45
Benchmark -2.09 9.26 -2.61 -0.13 -0.04 ---
Morningstar Emerging-Markets Local-Currency Bond Category -1.59 8.52 -1.63 0.15 -0.03 ---
 
CUMULATIVE %
(as of 12/31/2023)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 12/31/2023)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt I 13.44 13.44 -1.96 2.13 0.60 0.61
Benchmark 12.70 12.70 -3.16 1.14 0.09 ---
Morningstar Emerging-Markets Local-Currency Bond Category 11.06 11.06 -2.19 1.29 0.02 ---

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.

SI = Since Inception. Fund Inception: 05/31/2011

Characteristics

FUND ESSENTIALS
Inception Date 05/31/2011
Net Assets $34 million
Gross Operating Expenses 1.40%
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
125
# of Holdings
338
Holdings Characteristics
Yield to Worst (%)
7.91%
Effective Duration
4.53 yrs
Top Ten Countries (%)
Mexico 14
Malaysia 8
Colombia 6
Indonesia 6
South Africa 6
United States 6
Czech Republic 5
Thailand 5
China 4
Peru 4
Mexico 12
United States 9
Malaysia 8
Indonesia 6
Colombia 6
Czech Republic 5
South Africa 5
China 4
Peru 4
Thailand 4
Top Ten Countries represent the Fund's top ten country exposures based on market value.
Top Ten Issuers (%)
Mexico Bonos 6.51
Malaysia Government Bonds 5.30
Colombia TES 4.78
Mexico Cetes 4.68
Indonesia Treasury Bonds 4.62
Republic of South Africa Government Bonds 4.52
Thailand Government Bonds 4.49
Czech Republic Government Bonds 4.47
Republic of Poland Government Bonds 3.62
Romania Government Bonds 2.92
Total Portfolio % 45.91
Yields (%) (as of 2/29/24)
30-Day SEC Yield
5.40
Unsubsidized 30-Day SEC Yield
4.98
Top Ten Currencies (%)
Brazilian Real 10
Thai Baht 10
Malaysian Ringgit 10
Indonesian Rupiah 9
Mexican Peso 9
Polish Zloty 9
South African Rand 8
Offshore Chinese Renminbi 7
Czech Republic Koruna 6
Colombian Peso 5
Brazilian Real 11
Indonesian Rupiah 10
Thai Baht 10
Malaysian Ringgit 10
Mexican Peso 9
Polish Zloty 8
South African Rand 8
Offshore Chinese Renminbi 8
Czech Republic Koruna 5
Romania Leu (New) 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
2/27/2024 4.67 $0.0209 $0.0000 $0.0000 $0.0209
1/29/2024 4.68 $0.0171 $0.0000 $0.0000 $0.0171
12/27/2023 4.80 $0.0201 $0.0000 $0.0000 $0.0201
12/15/2023 4.74 $0.0000 $0.0000 $0.0000 $0.0000
11/29/2023 4.68 $0.0233 $0.0000 $0.0000 $0.0233
10/30/2023 4.42 $0.0221 $0.0000 $0.0000 $0.0221
9/27/2023 4.45 $0.0223 $0.0000 $0.0000 $0.0223
8/29/2023 4.67 $0.0206 $0.0000 $0.0000 $0.0206
7/28/2023 4.82 $0.0215 $0.0000 $0.0000 $0.0215
6/28/2023 4.70 $0.0230 $0.0000 $0.0000 $0.0230
5/30/2023 4.57 $0.0208 $0.0000 $0.0000 $0.0208
4/27/2023 4.66 $0.0245 $0.0000 $0.0000 $0.0245
3/29/2023 4.60 $0.0203 $0.0000 $0.0000 $0.0203
Past distributions are not indicative of future distributions.

Fund Literature


12/31/2023 - PDF (205 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
12/31/2023 - PDF (346 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.
12/31/2023 - PDF (412 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
12/31/2023 - PDF (313 KB)
This Pitchbook reviews the Fund's 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. • 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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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 (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, 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.

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