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Taxable Bond fund

Hartford World Bond Fund    Share Class - R5 (HWDTX)


MORNINGSTAR RATING:
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 193, 193, 171 and 133 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures . Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
overall (as of 5/31/2022)
193 PRODUCTS
Global Bond Category
Based on Risk-Adjusted Returns
MORNINGSTAR RATING:
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 193, 193, 171 and 133 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures . Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
overall (as of 5/31/2022)
193 PRODUCTS
Global Bond Category
Based on Risk-Adjusted Returns

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
11
YRS
MANAGING THIS FUND
23
YRS
AT WELLINGTON MANAGEMENT
23
YRS
EXPERIENCE IN THIS INDUSTRY
Managing Director
Fixed-Income Portfolio Manager
5
YRS
MANAGING THIS FUND
6
YRS
AT WELLINGTON MANAGEMENT
18
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 5/31/2022)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 5/31/2022)
YTD 1YR 3YR 5YR 10YR SI
Hartford World Bond R5 -3.35 -4.65 -0.54 1.30 1.80 2.30
Benchmark -12.02 -14.97 -2.50 -0.56 -0.36 ---
Morningstar Global Bond Category -9.43 -11.92 -1.36 -0.25 0.25 ---
 
CUMULATIVE %
(as of 3/31/2022)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2022)
YTD 1YR 3YR 5YR 10YR SI
Hartford World Bond R5 -1.42 -2.38 0.55 1.81 2.12 2.52
Benchmark -6.46 -7.74 -0.09 1.27 0.34 ---
Morningstar Global Bond Category -5.21 -6.00 0.42 1.20 0.57 ---

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 R5 Share Morningstar Ratings
Morningstar awarded the Fund a
Bronze analyst rating on 8/11/2021
overall
(as of 5/31/2022)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 193, 193, 171 and 133 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures . Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

193 PRODUCTS
|
Global Bond Category
Based on Risk-Adjusted Returns
3 YEAR
(as of 5/31/2022)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 193, 193, 171 and 133 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures . Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

193 PRODUCTS
|
Global Bond Category
Based on Risk-Adjusted Returns
5 YEAR
(as of 5/31/2022)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 193, 193, 171 and 133 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures . Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

171 PRODUCTS
|
Global Bond Category
Based on Risk-Adjusted Returns
10 YEAR
(as of 5/31/2022)
Overall, 5 stars, 3-Year, 4 stars, 5-Year, 4 stars, and 10-Year, 5 stars, rated against 193, 193, 171 and 133 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures . Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
©2022 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.

133 PRODUCTS
|
Global Bond Category
Based on Risk-Adjusted Returns

Characteristics

FUND ESSENTIALS
Inception Date 05/31/2011
Net Assets $3.5 billion
Total Operating Expenses 0.73%
Morningstar Category Global Bond
Lipper Classification Global Income Funds
CUSIP 41664M193
Fund Number 1035
FUND STATS
Dividend Frequency
Quarterly
# of Holdings
744
Holdings Characteristics
Effective Duration
2.17 yrs
Top Ten Countries (%)
United States 40
Australia 29
South Korea 16
Sweden 14
Norway 10
Euro Currency 9
New Zealand 9
Canada 6
Japan -5
Germany -42
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 99
Mexican Peso 2
South African Rand 2
Japanese Yen 1
Norwegian Krone 1
Swiss Franc 1
Indian Rupee -1
South Korean Won -1
Taiwan Dollar (New) -1
Australian Dollar -2
US Dollar 91
Japanese Yen 5
Canadian Dollar 4
Swedish Krona 2
Mexican Peso 1
South African Rand 1
Euro Currency 1
Brazilian Real -1
Swiss Franc -1
Australian Dollar -2
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 22.70
Korea Treasury Bond 9.02
Australia Government Bond 6.66
Canadian Government Bond 5.57
U.S. Treasury Notes 4.20
Kommuninvest I Sverige AB 3.89
Norway Government Bond 3.53
New Zealand Government Bond 2.02
Province of Ontario Canada 1.13
FNMA Mortgage Backed Securities (POOLS) 1.03
Total Portfolio % 59.75
Japan Treasury Discount Bill 18.63
Korea Treasury Bond 8.38
Australia Government Bond 7.80
Canadian Government Bond 7.33
U.S. Treasury Notes 5.22
Norway Government Bond 3.81
Kommuninvest I Sverige AB 2.38
U.S. Treasury Bonds 1.69
New Zealand Government Bond 1.61
Province of Ontario Canada 1.12
Total Portfolio % 57.97
Yields (%) (as of 5/31/22)
30-Day SEC Yield
1.82
Unsubsidized 30-Day SEC Yield
1.82
Credit Exposure (%)
Aaa/AAA 32
Aa/AA 12
A 27
Baa/BBB 10
Ba/BB 6
B 5
Caa/CCC or lower 0
Not Rated 4
Cash & Cash Offsets 5
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

3/31/22 5/31/22 5/31/22 -67 0 67
Cash and Cash Equivalents 30 33 0
High Yield Corporate Credit 12 10 0
Securitized Debt 8 8 0
Investment Grade Corporate Credit 8 8 0
Emerging Market Debt 10 11 4
Other -2 0 0
Equities 0 0 0
Developed Government 35 29 96
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
3/30/2022 10.21 $0.0220 $0.0000 $0.0000 $0.0220
12/30/2021 10.40 $0.0796 $0.0000 $0.0000 $0.0796
12/20/2021 10.47 $0.0000 $0.0108 $0.0218 $0.0326
9/29/2021 10.61 $0.0218 $0.0000 $0.0000 $0.0218
6/29/2021 10.64 $0.0225 $0.0000 $0.0000 $0.0225
Past distributions are not indicative of future distributions.

Fund Literature


03/31/2022 - PDF (214 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
03/31/2022 - PDF (277 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
03/31/2022 - 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.
05/31/2022 - PDF (369 KB)
Current monthly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, and positioning and outlook for the Fund.
03/31/2022 - PDF (516 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.
03/31/2022 - PDF (391 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
03/31/2022 - PDF (696 KB)
This Pitchbook reviews the Fund's 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.
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. • Because the Fund is non-diversified, it may invest in a smaller number of issuers, and 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. • Integration of environmental, social, and/or governance (ESG) characteristics into the investment process may not work as intended. • 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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