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Taxable Bond fund

Hartford Schroders Emerging Markets Multi-Sector Bond Fund    Share Class - I (SMSNX)


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.

Portfolio Management
Portfolio Manager
8
YRS
MANAGING THIS FUND
9
YRS
AT SCHRODERS
20
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
0
YRS
MANAGING THIS FUND
4
YRS
AT SCHRODERS
12
YRS
EXPERIENCE IN THIS INDUSTRY
Portfolio Manager
0
YRS
MANAGING THIS FUND
21
YRS
AT SCHRODERS
23
YRS
EXPERIENCE IN THIS INDUSTRY

The portfolio managers are supported by the full resources of Schroders.

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 9/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2021)
1 MONTH QTD YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Emerging Markets Multi-Sector Bond I -2.52 -1.72 -2.92 5.95 3.20 2.67 --- 3.02
Benchmark -2.06 -1.19 -2.09 4.38 5.53 3.77 --- ---
Morningstar Emerging Markets Bond Category -1.88 --- -1.01 5.65 5.13 3.77 --- ---
 
CUMULATIVE %
(as of 9/30/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2021)
1 MONTH QTD YTD 1YR 3YR 5YR 10YR SI
Hartford Schroders Emerging Markets Multi-Sector Bond I -2.52 -1.72 -2.92 5.95 3.20 2.67 --- 3.02
Benchmark -2.06 -1.19 -2.09 4.38 5.53 3.77 --- ---
Morningstar Emerging Markets Bond Category -1.88 --- -1.01 5.65 5.13 3.77 --- ---

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: 06/25/2013

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

Characteristics

FUND ESSENTIALS
Inception Date 06/25/2013
Net Assets $37 million
Gross Operating Expenses 1.05%
Net Operating Expenses 0.90%
Morningstar Category Emerging Markets Bond
Lipper Classification Emerging Mrkts Hard Currency Debt Funds
CUSIP 41665H755
Fund Number 1814
FUND STATS
Dividend Frequency
Quarterly
# of Issuers
103
# of Holdings
157
Holdings Characteristics
Effective Duration
6.03 yrs
Top 10 Countries (%)
Mexico 14
Brazil 7
Russia 7
USA 6
Indonesia 6
South Africa 5
China 4
Malaysia 4
Colombia 4
Chile 3
Top Ten Countries represent the Fund's top ten country exposures based on market value.
Top Ten Currencies (%)
US DOLLAR 67
INDONESIAN RUP. 4
MALAYSIAN RING 3
CHINESE YUAN 3
MEXICAN PESO 3
RUSSIAN ROUBLE 3
POLISH ZLOTY 3
BRAZIL REAL 3
COMMERCIAL RAND 3
THAILAND BAHT 2
Top Ten Currencies represent the Fund's top ten currency exposures based on underlying currency exposure.
Top Ten Issuers (%)
Indonesia Treasury Bond 4.18
Malaysia Government Bond 3.14
Petroleos Mexicanos 3.01
Russian Federal Bond - OFZ 2.93
Republic of South Africa Government Bond 2.60
Brazil Notas do Tesouro Nacional 2.58
Russian Foreign Bond - Eurobond 2.50
Ecuador Government International Bond 1.55
Grupo Televisa S.A.B. 1.50
Mexican Bonos 1.44
Total Portfolio % 25.43
Indonesia Treasury Bond 4.00
Brazil Notas do Tesouro Nacional 3.52
Russian Federal Bond - OFZ 3.44
Malaysia Government Bond 3.04
Mexican Bonos 2.71
Republic of South Africa Government Bond 2.63
Petroleos Mexicanos 2.46
Brazilian Government International Bond 2.20
Colombia Government International Bond 1.95
Dominican Republic International Bond 1.93
Total Portfolio % 27.88
Yields (%) (as of 9/30/21)
30-Day SEC Yield
4.49
Unsubsidized 30-Day SEC Yield
4.28
Credit Exposure (%)
Aaa/AAA 0
Aa/AA 5
A 11
Baa/BBB 29
Ba/BB 30
B 15
Caa/CCC or lower 4
Not Rated 0
Cash & Cash Offsets 6
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.
Regional Exposure (%)
Latin America 38
Asia-Pacific 20
Eastern Europe 17
Middle East 10
Africa 8
Developed Markets 7
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
6/29/2021 8.57 $0.1094 $0.0000 $0.0000 $0.1094
3/30/2021 8.37 $0.0893 $0.0000 $0.0000 $0.0893
12/30/2020 8.85 $0.0684 $0.0000 $0.0000 $0.0684
12/18/2020 8.92 $0.0000 $0.0000 $0.0000 $0.0000
9/29/2020 8.17 $0.1120 $0.0000 $0.0000 $0.1120
Past distributions are not indicative of future distributions.

Fund Literature


09/30/2021 - PDF (265 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2021 - PDF (367 KB)
Current quarterly commentary from sub-adviser, Schroders, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (151 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
This Pitchbook reviews the Fund's investment approach, investment team, investment process, portfolio statistics, top holdings, and current performance.
PDF (4 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 (4 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. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • 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, economic and regulatory developments. These risks may be greater, and include additional risks, for investments in emerging markets or if the Fund focuses in a particular geographic region or country. • 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. • 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. • The Fund invests in a smaller number of issuers, and may be more exposed to risks and volatility than a more broadly diversified fund. • Integration of environmental, social, and/or governance (ESG) factors into the investment process may not work as intended.

 

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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. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Management Group, Inc. and its subsidiaries, including HFD, HFMC, and Lattice, 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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