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Taxable Bond fund

Hartford World Bond Fund    Share Class - R4 (HWDSX)


Objective

Seeks capital appreciation with income as a secondary goal.

Overview

A global bond fund, designed to be a core bond holding, that seeks to exploit inefficiencies in the global fixed-income and currency markets.


A World of Fixed-Income Opportunities

While most core bond funds invest exclusively in U.S. fixed income, the Fund uses a core allocation to global government bonds that the portfolio managers believe are high-quality based on their proprietary research. This core allocation is complemented by opportunistic investments in other global bonds and currencies, including high yield and emerging-market debt.

Risk Management Is Key

The portfolio managers draw on the expertise of more than 70 specialists in a variety of fixed-income sectors to select securities and use a robust risk-management process to identify potential areas of risk, especially unintended concentration risk.

Providing a Core Bond Experience

The core bond portion of a portfolio should help decrease overall portfolio volatility. The Fund seeks to provide a low correlation to risk assets (like stocks) while also providing capital appreciation.

Portfolio Management
Senior Managing Director
Fixed-Income Portfolio Manager
10
YRS
MANAGING THIS FUND
22
YRS
AT WELLINGTON MANAGEMENT
22
YRS
EXPERIENCE IN THIS INDUSTRY
Managing Director
Fixed-Income Portfolio Manager
4
YRS
MANAGING THIS FUND
5
YRS
AT WELLINGTON MANAGEMENT
17
YRS
EXPERIENCE IN THIS INDUSTRY

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

FUND PROCESS VIDEO
Hartford World Bond Fund Process Video


Mark Sullivan, CFA, CMT

Managing Director, Fixed-Income Portfolio Manager

Mark Sullivan video

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 12/31/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 12/31/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford World Bond R4 -1.29 -1.29 1.24 1.95 2.18 2.42
Benchmark -6.97 -6.97 2.75 2.94 0.96 ---
Morningstar World Bond Category -4.18 -4.18 2.89 2.64 1.26 ---
 
CUMULATIVE %
(as of 12/31/2021)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 12/31/2021)
YTD 1YR 3YR 5YR 10YR SI
Hartford World Bond R4 -1.29 -1.29 1.24 1.95 2.18 2.42
Benchmark -6.97 -6.97 2.75 2.94 0.96 ---
Morningstar World Bond Category -4.18 -4.18 2.89 2.64 1.26 ---

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

Hartford World Bond Fund R4 Share Morningstar Ratings
Morningstar awarded the Fund a
Bronze analyst rating on 8/11/2021

Characteristics

FUND ESSENTIALS
Inception Date 05/31/2011
Net Assets $4.0 billion
Total Operating Expenses 1.06%
Morningstar Category World Bond
Lipper Classification Global Income Funds
CUSIP 41664M219
Fund Number 1034
FUND STATS
Dividend Frequency
Quarterly
# of Holdings
715
Holdings Characteristics
Effective Duration
2.13 yrs
Top Ten Countries (%)
South Korea 23
Australia 22
United States 20
China 17
Canada 15
Euro Currency 10
Norway 9
New Zealand 9
United Kingdom -8
Germany -10
Top Ten Countries represent the Fund's top ten country exposures based on contribution to duration. Negative numbers indicate the Fund has investments that are expected to benefit if country's bonds decline in value.
Top Ten Currencies (%)
US Dollar 97
Chinese Renminbi 5
Australian Dollar 2
Norwegian Krone 1
Swedish Krona 1
South African Rand 1
South Korean Won 0
Euro Currency -1
Russian Ruble -1
Offshore Chinese Renminbi -5
US Dollar 99
Chinese Renminbi 5
Australian Dollar 5
Norwegian Krone 3
Mexican Peso 1
New Zealand Dollar -1
Swiss Franc -1
Euro Currency -1
Turkish Lira -2
Offshore Chinese Renminbi -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.
Top Ten Issuers (%)
Japan Treasury Discount Bill 19.55
Korea Treasury Bond 8.25
Canadian Government Bond 8.06
Norway Government Bond 6.52
Australia Government Bond 6.39
U.S. Treasury Notes 5.06
China Development Bank 3.97
Kommuninvest I Sverige AB 3.18
U.S. Treasury Bonds 1.77
China Government Bond 1.27
Total Portfolio % 64.02
Canadian Government Bond 13.50
Japan Treasury Discount Bill 12.36
Korea Treasury Bond 7.86
Australia Government Bond 5.96
Norway Government Bond 5.44
U.S. Treasury Notes 4.84
China Development Bank 4.80
Kommuninvest I Sverige AB 3.12
European Union 2.56
U.S. Treasury Bonds 1.59
Total Portfolio % 62.03
Yields (%) (as of 12/31/21)
30-Day SEC Yield
0.44
Unsubsidized 30-Day SEC Yield
0.44
Credit Exposure (%)
Aaa/AAA 36
Aa/AA 10
A 28
Baa/BBB 3
Ba/BB 5
B 6
Caa/CCC or lower 0
Not Rated 3
Cash & Cash Offsets 8
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 highest rating is used. If only two agencies assign ratings, the highest rating is used. Securities that are not rated by any of the three agencies are listed as "Not Rated." Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.
Sector Exposure (%)

Exposure Chart Header

FUND
BENCHMARK UNDERWEIGHT / OVERWEIGHT

Exposure Chart Header2

9/30/21 12/31/21 12/31/21 -61 0 61
Cash and Cash Equivalents 21 26 0
Emerging Market Debt 15 14 3
High Yield Corporate Credit 10 10 0
Securitized Debt 7 8 0
Investment Grade Corporate Credit 8 6 0
Equities 0 0 0
Other 0 0 0
Developed Government 40 36 97
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
12/30/2021 10.33 $0.0546 $0.0000 $0.0000 $0.0546
12/20/2021 10.38 $0.0000 $0.0108 $0.0218 $0.0326
9/29/2021 10.53 $0.0131 $0.0000 $0.0000 $0.0131
6/29/2021 10.55 $0.0134 $0.0000 $0.0000 $0.0134
3/30/2021 10.58 $0.0099 $0.0000 $0.0000 $0.0099
Past distributions are not indicative of future distributions.

Fund Literature


09/30/2021 - PDF (243 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
09/30/2021 - PDF (649 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
12/31/2021 - PDF (596 KB)
This flyer highlights the importance of assessing the function of your fixed-income funds, to ensure diversification and help reduce overall portfolio volatility.
12/31/2021 - PDF (290 KB)
Current monthly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, and positioning and outlook for the Fund.
09/30/2021 - PDF (553 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 (148 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
12/31/2021 - PDF (393 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
12/31/2021 - PDF (513 KB)
This Pitchbook reviews the Funds' 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.
Morningstar Analyst's take on the Hartford World Bond Fund
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. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. • 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. • Mortgage-related and asset-backed securities' risks include credit, interest-rate, prepayment, and extension risk. • 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 may invest in a smaller number of issuers, so it may be more exposed to risks and volatility than a more broadly diversified fund. • Restricted securities may be more difficult to sell and price than other securities. • Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. • The purchase of securities in the To-Be-Announced (TBA) market can result in higher portfolio turnover and related expenses as well as price and counterparty risk. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor's tax liability.

The Hartford World Bond Fund is not promoted, sponsored or endorsed by, nor in any way affiliated with the London Stock Exchange Group plc and its group undertakings (collectively, the "LSE Group"). All rights in the FTSE World Government Bond Index (the "Index") vest in the LSE Group. FTSE is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under license. All rights in the Index vest in the relevant LSE Group company which owns the index. The LSE Group does not accept any liability whatsoever to any person arising out of the use of, reliance on or any error in the Index. The LSE Group makes no claim, prediction, warranty or representation as to the results or the suitability of the Index for the purpose to which it is being used by Hartford Funds.

 

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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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