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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.

Hartford Schroders Emerging Markets Multi-Sector Bond Fund Update

Monthly portfolio review and outlook

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More About Hartford Schroders Emerging Markets Multi-Sector Bond Fund 

Performance

Performance (%)
% (as of 12/31/2017)
Average Annual Total Returns % (as of 12/31/2017)
YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Emerging Markets Multi-Sector Bond  I 13.72 13.72 7.18 --- --- 4.86
Blended Benchmark 11.13 11.13 5.35 --- --- ---
Morningstar Emerging Markets Bond Category 10.14 10.14 4.79 --- --- ---
Performance (%)
% (as of 12/31/2017)
Average Annual Total Returns % (as of 12/31/2017)
YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Emerging Markets Multi-Sector Bond  I 13.72 13.72 7.18 --- --- 4.86
Blended Benchmark 11.13 11.13 5.35 --- --- ---
Morningstar Emerging Markets Bond Category 10.14 10.14 4.79 --- --- ---
SI = Since Inception. Fund Inception: 06/25/2013
Operating Expenses:   Net  0.90% |  Gross  0.94%

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 12/31/2017)
[{"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

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

I-Share Morningstar Ratings
(as of 12/31/2017)
  • Overall
    infoIcon:
  • Overall Morningstar Rating for Schroders Emerging Markets Multi-Sector Bond Fund, Class I, as of 12/31/2017 out of 226 products in the Emerging Markets Bond Category Based on Risk-Adjusted Returns
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 12/31/2017
Net Assets $102 million
# of Holdings 109
Turnover (12/31/2017) 198%
Dividend Frequency Quarterly
Holdings Characteristics
(as of 12/31/2017)
Fund
% Non-Investment Grade 61%
% Not Rated 1%
Effective Duration 6.36 yrs.

Top Ten Countries (%)

(as of 12/31/2017)
label percentage
Brazil
15.29
Argentina
6.74
Indonesia
5.97
South Africa
5.95
Mexico
5.61
Ukraine
4.95
Ecuador
4.95
Lebanon
4.92
Poland
4.9
China
4.76

Top Ten Currencies (%)

(as of 12/31/2017)
label percentage
US Dollar 67.4
Indonesian Rup 6.0
Polish Zloty 4.9
Argentine Peso 4.3
Brazil Real 3.3
Russian Rouble 2.5
Commercial Rand 2.4
Peru Nuevo Sol 2.1
Turkish Lira 2.0
Colombian Peso 1.9

Regional Exposure

(as of 12/31/2017)
label value
Latin America 46.99
Europe 21.84
Africa & Middle East 16.54
Asia 14.81
Developed -0.18

Top Ten Issuers (%)

(as of 12/31/2017)
label percentageholding
Indonesia Treasury Bond 5.85
Ecuador Government International Bond 4.91
Lebanon Government International Bond 4.84
Ukraine Government International Bond 4.84
Republic of Poland Government Bond 4.80
Argentine Bonos del Tesoro 4.08
Petrobras Global Finance B.V. 3.76
Brazil Notas do Tesouro Nacional 3.17
Republic of South Africa Government Bond 2.85
Eskom Holdings SOC Ltd. 2.44
Total Portfolio % 41.54

Sector Exposure

(as of 12/31/2017)
label currentpercentage
EMD Corporate 34%
EMD Local Currency 34%
EMD Sovereign 24%
Cash and Cash Equivalents 9%
Fund Essentials
Inception Date 06/25/2013
Symbol SMSNX
CUSIP 41665H755
Fund Number 1814
Yields
As of Date 12/31/2017
30 Day SEC Yield 6.26%
Unsubsidized 30-Day SEC Yield 6.08%

Credit Exposure (%)

(as of 12/31/2017)
label value
Aaa/AAA 0.0
Aa/AA 0.0
A 14.8
Baa/BBB 18.9
Ba/BB 20.0
B 35.7
Caa/CCC or lower 5.8
Not Rated 0.5
Cash & Cash Equivalents 4.4

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

2018 Outlooks (Schroders) 

Fri Dec 22 14:06:00 EST 2017
Thought leaders from Schroder Investment Management provide their outlook on issues that may influence markets and portfolios going forward.
pdf

Hartford Schroders Emerging Markets Multi-Sector Bond Outlook Commentary 

Sat Sep 30 14:39:00 EDT 2017
Portfolio Manager Jim Barrineau provides a review of the Fund's 3Q17 performance and outlook.
pdf

Emerging Markets Local Debt: Ready for Takeoff? 

Tue Jun 20 10:00:00 EDT 2017
After several challenging years, emerging markets countries are experiencing gradual but steady growth.

Literature

Fund Literature

Select All

Fact Sheet

09/30/2017 | pdf
Get FINRA Letter

Max 100

Commentary

09/30/2017 | pdf

Max 100

Expanded Commentary

09/30/2017 | pdf

Max 100

Summary Prospectus

03/01/2017 | pdf

Available For
Download Only

Pitchbook

09/30/2017 | pdf

Available For
Download Only

Semi Annual Report

04/30/2017 | pdf

Available For
Download Only

Statutory Prospectus

03/01/2017 | pdf

Available For
Download Only

Annual Report

10/31/2016 | pdf

Available For
Download Only

SAI

03/01/2017 | pdf

Available For
Download Only

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A WORD ABOUT RISK

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund's share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Fixed Income risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; these risks are currently heightened because interest rates are at, or near, historical lows. 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 value than publicly traded securities, thus they may be potentially illiquid. Derivatives may be riskier or more volatile than other types of investments because they are generally more sensitive to changes in market or economic conditions; risks include currency, leverage, liquidity, index, pricing, and counterparty risk. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., "Brexit"). These risks are generally greater for investments in emerging markets. The Fund may have high portfolio turnover, which could increase the Fund's transaction costs and an investor's tax liability. The Fund is non-diversified, so it may be more exposed to the risks associated with individual issuers than a diversified fund. The Fund may be adversely affected when certain large shareholders purchase or redeem large amounts of shares of the Fund.

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