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Hartford Emerging Markets Local Debt Fund

Hartford Emerging Markets Local Debt Fund

Explore Another ETFs

  • 6.54NAV (as of 4/20/2018)
  • -0.04 (-0.61%) 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 3/31/2018)
Average Annual Total Returns % (as of 3/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt  I 4.05 13.13 5.59 0.15 --- 1.42
Benchmark 4.44 12.99 5.43 -0.67 --- ---
Morningstar Emerging Market Local Currency Bond Category 4.20 11.73 4.71 -1.09 --- ---
Performance (%)
% (as of 3/31/2018)
Average Annual Total Returns % (as of 3/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Emerging Markets Local Debt  I 4.05 13.13 5.59 0.15 --- 1.42
Benchmark 4.44 12.99 5.43 -0.67 --- ---
Morningstar Emerging Market Local Currency Bond Category 4.20 11.73 4.71 -1.09 --- ---
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 3/31/2018)
[{"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.

I-Share Morningstar Ratings
(as of 3/31/2018)
  • Overall
    infoIcon:
  • Overall Morningstar Rating for Emerging Markets Local Debt Fund, Class I, as of 3/31/2018 out of 73 products in the Emerging Market Local Currency Bond Category Based on Risk-Adjusted Returns
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 3/31/2018
Net Assets $209 million
Turnover (3/31/2018) 131%
Dividend Frequency Monthly
Holdings Characteristics
(as of 3/31/2018)
Fund
% Non-Investment Grade 36.16%
% Not Rated 1.85%
Effective Duration 4.95 yrs.

Top Ten Countries (%)

(as of 3/31/2018)
label percentage
South Africa
 13.97
Mexico
 12.58
Russia
 10.17
Brazil
 8.11
Indonesia
 7.93
Turkey
 4.56
Colombia
 4.42
Chile
 4.14
Supranational
 3.99
Thailand
 3.3
(as of 12/31/2017)
label percentage
South Africa
 12.23
Russia
 11.94
Indonesia
 11.8
Mexico
 11.36
Colombia
 7.38
Turkey
 6.17
Chile
 5.56
Brazil
 4.85
Poland
 4.49
United States
 -6.03
Fund Essentials
Inception Date 05/31/2011
Symbol HLDIX
CUSIP 41664M318
Fund Number 1024

Top Ten Issuers

(as of 3/31/2018)
label percentageholding
Mexican Bonos 8.58
Republic of South Africa Government Bond 7.91
Russian Federal Bond - OFZ 7.08
Brazil Notas do Tesouro Nacional 6.71
Turkey Government Bond 5.68
Indonesia Treasury Bond 4.21
Malaysia Government Bond 3.83
Hungary Government Bond 3.43
Republic of Poland Government Bond 3.19
Colombian TES 2.69
Total Portfolio % 53.31
(as of 12/31/2017)
label percentageholding
Russian Federal Bond - OFZ 7.91
Mexican Bonos 7.65
Turkey Government Bond 6.80
Indonesia Treasury Bond 6.67
Republic of South Africa Government Bond 6.15
Colombian TES 5.33
Malaysia Government Bond 3.63
Hungary Government Bond 3.44
Brazil Letras do Tesouro Nacional 3.36
Republic of Poland Government Bond 3.05
Total Portfolio % 53.99

Excel Full Portfolio Holdings Excel         PDF Full Portfolio Holdings

Top Ten Currencies (%)

(as of 3/31/2018)
label percentage
Polish Zloty 11.7
Brazilian Real 11.0
Mexican Peso 10.0
Indonesian Rupiah 8.8
Thai Baht 8.0
Turkish Lira 7.2
Russian Ruble 6.8
South African Rand 6.7
Colombian Peso 6.7
Czech Republic Koruna 5.8
(as of 12/31/2017)
label percentage
Polish Zloty 10.8
Brazilian Real 10.4
Indonesian Rupiah 9.9
Mexican Peso 9.5
Thai Baht 9.3
Russian Ruble 8.0
Colombian Peso 7.9
Turkish Lira 7.7
South African Rand 7.4
Malaysian Ringgit 6.6
Yields
As of Date 3/31/2018
30 Day SEC Yield 5.10%
Unsubsidized 30-Day SEC Yield 5.03%

Insights

pdf

The 5-Minute Forecast 

Wed Apr 18 11:24:00 EDT 2018
A concise summary of the Hartford Funds Multi-Asset Team’s views on the main challenges facing investors: Growth, Income, Volatility, Inflation, and Taxes.
pdf

How a Rate Rise Reminds Us Why We Invest in Fixed Income 

Thu Mar 22 12:42:00 EDT 2018
Like death and taxes, the reasons to allocate to fixed income should never go away...even in the face of rising interest rates.
pdf

Client Conversations: Managing Risk in Your Fixed-Income Portfolio 

Tue Feb 13 15:13:00 EST 2018
Changes in the economy and interest rates can have a big impact on your fixed-income portfolio.

Literature

Fund Literature

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pdf

Fact Sheet

03/31/2018 | pdf
Get FINRA Letter

Max 100
pdf

Commentary

03/31/2018 | pdf
Get FINRA Letter

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Expanded Commentary

12/31/2017 | pdf

Max 100
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Summary Prospectus

03/01/2018 | pdf

Available For
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pdf

Pitchbook

03/31/2018 | pdf

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pdf

Semi Annual Report

04/30/2017 | pdf

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pdf

Statutory Prospectus

03/01/2018 | pdf

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Annual Report

10/31/2017 | pdf

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SAI

03/01/2017 | 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.

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