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Hartford Schroders Emerging Markets Multi-Sector Bond Fund

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On 10/24/16, the Schroder Emerging Markets Multi-Sector Bond Fund (the “Predecessor Fund”) was reorganized into the Hartford Schroders Emerging Markets Multi-Sector Bond Fund, a new Hartford Fund that has substantially the same objective and strategies as the Predecessor Fund. As a result, all data prior to 10/24/16 is that of the Predecessor Fund.

Objective

Seeks to provide a return of long-term capital growth and income.

Overview

An emerging markets bond fund that integrates sovereign hard currency debt, local currency debt, emerging market corporate debt, and emerging market currency rates within an actively managed, strategic asset-allocation framework.

EMMS_Jim_Barrineau

As Featured In Barron's
"A Deep Dive in Emerging Market Debt"
Jim Barrineau, Portfolio Manager, Hartford Schroders Emerging Markets Multi-Sector Bond Fund

Hartford Schroders Emerging Markets Multi-Sector Bond Fund Update

Monthly portfolio review and outlook

View Update >  Subscribe >

More About Hartford Schroders Emerging Markets Multi-Sector Bond Fund 

Jim Barrineau
Portfolio Manager
Fernando Grisales, CFA
Portfolio Manager

Portfolio managers are supported by the full resources of Schroders.

Video Commentaries

schroders-emerging-markets-multisector-bond-process-thumbnail

Investment Process (4:00)
Portfolio Manager Jim Barrineau

  

Fund Outlook & Commentary (2:15)
Senior Investmnet Director, John Mensack

Performance

Performance (%)
% (as of 8/31/2018)
Average Annual Total Returns % (as of 8/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Emerging Markets Multi-Sector Bond  I -8.31 -6.83 4.81 2.86 --- 2.50
Blended Benchmark -5.81 -4.96 4.38 3.08 --- ---
Morningstar Emerging Markets Bond Category -5.66 -4.75 4.33 2.16 --- ---
Performance (%)
% (as of 6/30/2018)
Average Annual Total Returns % (as of 6/30/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Emerging Markets Multi-Sector Bond  I -7.06 -2.36 3.61 2.73 --- 2.86
Blended Benchmark -4.81 -1.29 3.59 2.86 --- ---
Morningstar Emerging Markets Bond Category -5.21 -1.82 3.13 1.65 --- ---
SI = Since Inception. Fund Inception: 06/25/2013
Operating Expenses:   Net  0.90% |  Gross  0.92%

Performance prior to 10/24/16 for Class I-shares reflects the performance, fees, and expenses of the Investor Class of the predecessor fund Schroder Emerging Markets Multi-Sector Bond Fund. If Class I fees and expenses were reflected, performance would have differed. SI performance is calculated from 6/25/13.

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":"11228"},{"date":"2018/07/31","value":"11677"},{"date":"2018/06/30","value":"11395"},{"date":"2018/05/31","value":"11757"},{"date":"2018/04/30","value":"12035"},{"date":"2018/03/31","value":"12237"},{"date":"2018/02/28","value":"12311"},{"date":"2018/01/31","value":"12499"},{"date":"2017/12/31","value":"12287"},{"date":"2017/11/30","value":"12134"},{"date":"2017/10/31","value":"12085"},{"date":"2017/09/30","value":"12134"},{"date":"2017/08/31","value":"12093"},{"date":"2017/07/31","value":"11890"},{"date":"2017/06/30","value":"11711"},{"date":"2017/05/31","value":"11714"},{"date":"2017/04/30","value":"11561"},{"date":"2017/03/31","value":"11361"},{"date":"2017/02/28","value":"11295"},{"date":"2017/01/31","value":"11062"},{"date":"2016/12/31","value":"10818"},{"date":"2016/11/30","value":"10594"},{"date":"2016/10/31","value":"11105"},{"date":"2016/09/30","value":"11139"},{"date":"2016/08/31","value":"11108"},{"date":"2016/07/31","value":"10966"},{"date":"2016/06/30","value":"10781"},{"date":"2016/05/31","value":"10373"},{"date":"2016/04/30","value":"10542"},{"date":"2016/03/31","value":"10235"},{"date":"2016/02/29","value":"9665"},{"date":"2016/01/31","value":"9510"},{"date":"2015/12/31","value":"9599"},{"date":"2015/11/30","value":"9827"},{"date":"2015/10/31","value":"9951"},{"date":"2015/09/30","value":"9532"},{"date":"2015/08/31","value":"9840"},{"date":"2015/07/31","value":"10137"},{"date":"2015/06/30","value":"10328"},{"date":"2015/05/31","value":"10485"},{"date":"2015/04/30","value":"10609"},{"date":"2015/03/31","value":"10119"},{"date":"2015/02/28","value":"10090"},{"date":"2015/01/31","value":"9966"},{"date":"2014/12/31","value":"10049"},{"date":"2014/11/30","value":"10425"},{"date":"2014/10/31","value":"10654"},{"date":"2014/09/30","value":"10671"},{"date":"2014/08/31","value":"11053"},{"date":"2014/07/31","value":"10985"},{"date":"2014/06/30","value":"10984"},{"date":"2014/05/31","value":"10804"},{"date":"2014/04/30","value":"10500"},{"date":"2014/03/31","value":"10360"},{"date":"2014/02/28","value":"10202"},{"date":"2014/01/31","value":"10004"},{"date":"2013/12/31","value":"10179"},{"date":"2013/11/30","value":"10087"},{"date":"2013/10/31","value":"10311"},{"date":"2013/09/30","value":"10121"},{"date":"2013/08/31","value":"9863"},{"date":"2013/07/31","value":"10087"},{"date":"2013/06/30","value":"10070"},{"date":"2013/06/25","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 13.72 11.13
2016 13.09 10.04
2015 -4.26 -4.39
2014 -1.33 2.13
2013 --- ---
2012 --- ---
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 $110 million
# of Holdings 102
Turnover (6/30/2018) 261%
Dividend Frequency Quarterly
Holdings Characteristics
(as of 8/31/2018)
Fund
% Non-Investment Grade 59%
% Not Rated 0%
Effective Duration 4.97 yrs.

Top Ten Countries (%)

(as of 8/31/2018)
label percentage
Mexico
12.11
Argentina
11.76
Brazil
8.66
USA
8.24
Qatar
6.8
South Africa
6.05
China
4.49
Turkey
4.41
Colombia
4.24
Ukraine
3.65

Top Ten Currencies (%)

(as of 8/31/2018)
label percentage
US Dollar 90.7
Mexican Peso 3.3
Polish Zloty 2.1
Hungary Forint 1.3
Indonesian Rup 1.2
Colombian Peso 0.7
Peru Nuevo Sol 0.6
Commercial Rand 0.1
Russian Rouble 0.0
Brazil Real -0.1

Regional Exposure

(as of 8/31/2018)
label value
Latin America 45.16
Africa & Middle East 21.33
Europe 15.59
Asia 9.69
Developed 8.24

Top Ten Issuers (%)

(as of 8/31/2018)
label percentageholding
Qatar Government International Bond 6.69
Provincia de Buenos Aires 4.32
Eskom Holdings SOC Ltd. 4.15
Argentine Republic Government International Bond 3.53
Mexican Bonos 3.23
Brazil Notas do Tesouro Nacional 3.22
Lebanon Government International Bond 2.99
Ecuador Government International Bond 2.93
Ukraine Government International Bond 2.73
Petroleos Mexicanos 2.49
Total Portfolio % 36.28

Sector Exposure

(as of 8/31/2018)
label currentpercentage
EMD Sovereign 50%
EMD Corporate 31%
EMD Local Currency 13%
Cash and Cash Equivalents 6%
Fund Essentials
Inception Date 06/25/2013
Symbol SMSNX
CUSIP 41665H755
Fund Number 1814
Yields
As of Date 8/31/2018
30 Day SEC Yield 6.70%
Unsubsidized 30-Day SEC Yield 6.46%

Credit Exposure (%)

(as of 8/31/2018)
label value
Aaa/AAA 5.3
Aa/AA 7.4
A 12.4
Baa/BBB 15.8
Ba/BB 14.3
B 36.7
Caa/CCC or lower 7.4
Not Rated 0.0
Cash & Cash Equivalents -0.2
CC 0.7

Credit exposure is the credit ratings for the underlying securities of the Fund as provided by Standard and Poor's (S&P), Moody's Investors Service, or Fitch and typically range from AAA/Aaa (highest) to C/D (lowest). If S&P, Moody's, and Fitch assign different ratings, the average rating is used. If only two ratings agencies assign ratings, the average rating is used. Securities that are not rated by any of the three agencies are listed as "Not Rated". The ratings breakdown includes cash and cash equivalents. Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.

Insights

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

EM Debt: An Out-of-the-Box Strategy for Rising Rates 

Tue Aug 28 12:00:00 EDT 2018
Developed market bonds aren’t likely to meet clients’ needs for income and total return. Investors should consider adding a new tool to their toolkit.
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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Fact Sheet

06/30/2018 | pdf
Get FINRA Letter

Max 100

Expanded Commentary

06/30/2018 | pdf

Max 100

Summary Prospectus

03/01/2018 | pdf

Available For
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Pitchbook

06/30/2018 | pdf

Available For
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Semi Annual Report

04/30/2018 | pdf

Available For
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Statutory Prospectus

03/01/2018 | pdf

Available For
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Annual Report

10/31/2017 | pdf

Available For
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Flyer

06/30/2018 | pdf

Max 10

SAI

03/01/2018 | pdf

Available For
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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. Privately placed, restricted (Rule 144A) securities may be more difficult to sell and price than other 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. 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 have high portfolio turnover, which could increase its transaction costs and an investor’s tax liability. The Fund may invest in a smaller number of issuers and focus on investments in particular geographic regions or countries, so it may be more exposed to risks and volatility than a more broadly diversified fund.

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