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.
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Average Annual Total Returns % (as of 7/31/2019)
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|||||
| 1YR | 5YR | 10YR | SI | ||
|---|---|---|---|---|---|
| Hartford World Bond I | 5.88 | 2.47 | --- | 3.39 | |
| Benchmark | 5.42 | 0.94 | --- | --- | |
| Morningstar World Bond Category | 5.06 | 1.52 | --- | --- | |
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Average Annual Total Returns % (as of 6/30/2019)
|
|||||
| 1YR | 5YR | 10YR | SI | ||
|---|---|---|---|---|---|
| Hartford World Bond I | 6.08 | 2.46 | --- | 3.43 | |
| Benchmark | 5.48 | 0.85 | --- | --- | |
| Morningstar World Bond Category | 5.88 | 1.47 | --- | --- | |
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 (I-Share)
(as of 7/31/2019)
Morningstar Analyst Rating
Morningstar awarded the Fund a Bronze analyst rating on 8/22/181
(as of 7/31/2019)
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Overall
:
Overall, 5 stars, 3-Year, 4 stars, and 5-Year, 5 stars, rated against 192, 192 and 181 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.
©2019 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.:
- 192 Products | World Bond Category
| Fund | Benchmark | |
|---|---|---|
| 2018 | 4.05 | -0.84 |
| 2017 | 2.54 | 7.49 |
| 2016 | 1.97 | 1.60 |
| 2015 | -0.25 | -3.57 |
| 2014 | 2.98 | -0.48 |
| 2013 | -0.25 | -4.00 |
| 2012 | 9.15 | 1.65 |
Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.
CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.
| As of Date | 7/31/2019 |
| Net Assets | $5.5 billion |
| # of Holdings | 687 |
| Turnover (6/30/2019) | 98% |
| Dividend Frequency | Quarterly |
| Fund | |
|---|---|
| Effective Duration | 2.99 yrs |
Top Ten Countries (%)
| label | percentage |
|---|---|
United States |
26 |
New Zealand |
21 |
Canada |
19 |
Sweden |
15 |
Singapore |
8 |
South Korea |
7 |
United Kingdom |
7 |
South Africa |
-6 |
Poland |
-7 |
Germany |
-8 |
Top Ten Currencies (%)
| label | percentage |
|---|---|
| US Dollar | 106 |
| Australian Dollar | 3 |
| Indian Rupee | 1 |
| Mexican Peso | 0 |
| Norwegian Krone | 0 |
| Japanese Yen | -1 |
| Turkish Lira | -1 |
| New Zealand Dollar | -1 |
| South African Rand | -2 |
| Euro Currency | -6 |
| label | percentage |
|---|---|
| US Dollar | 63 |
| Japanese Yen | 31 |
| Australian Dollar | 4 |
| Canadian Dollar | 4 |
| New Zealand Dollar | 4 |
| Norwegian Krone | 4 |
| Hungarian Forint | -1 |
| Turkish Lira | -1 |
| South African Rand | -1 |
| Euro Currency | -8 |
| As of Date | 7/31/2019 |
| Distribution Yield at NAV | 1.26% |
| Trailing 12 Month Yield | 4.72% |
| 30 Day SEC Yield | 1.04% |
| Unsubsidized 30-Day SEC Yield | 1.04% |
Top Ten Issuers
| label | percentageholding |
|---|---|
| Canadian Government Bond | 18.99 |
| U.S. Treasury Notes | 16.59 |
| Denmark Government Bond | 14.12 |
| New Zealand Government Bond | 6.71 |
| Korea Treasury Bond | 3.96 |
| Singapore Government Bond | 3.65 |
| Denmark Treasury Bill | 2.78 |
| Norway Government Bond | 2.67 |
| Australia Government Bond | 1.99 |
| FNMA Mortgage Backed Securities (POOLS) | 1.97 |
| Total Portfolio % | 73.43 |
| label | percentageholding |
|---|---|
| U.S. Treasury Notes | 18.75 |
| Canadian Government Bond | 16.76 |
| Denmark Government Bond | 14.71 |
| New Zealand Government Bond | 6.90 |
| Australia Government Bond | 3.92 |
| Singapore Government Bond | 3.52 |
| Korea Treasury Bond | 3.37 |
| Denmark Treasury Bill | 2.89 |
| Norway Government Bond | 2.52 |
| FNMA Mortgage Backed Securities (POOLS) | 2.05 |
| Total Portfolio % | 75.39 |
Credit Exposure (%)
| label | value |
|---|---|
| Aaa/AAA | 74 |
| Aa/AA | 7 |
| A | 2 |
| Baa/BBB | 1 |
| Ba/BB | 3 |
| B | 4 |
| Caa/CCC or lower | 0 |
| Not Rated | 2 |
| Cash & Cash Offsets | 7 |
Sector Exposure (%)
| label | currentpercentage |
|---|---|
| Developed Government | 68 |
| Securitized Debt | 9 |
| Emerging Market Debt | 8 |
| High Yield Corporate Credit | 7 |
| Cash and Cash Equivalents | 7 |
| Investment Grade Corporate Credit | 1 |
| Equities | 0 |
| Other | 0 |
| label | currentpercentage |
|---|---|
| Developed Government | 72 |
| Securitized Debt | 9 |
| Emerging Market Debt | 7 |
| High Yield Corporate Credit | 7 |
| Cash and Cash Equivalents | 7 |
| Investment Grade Corporate Credit | -1 |
| Equities | 0 |
| Other | 0 |
| Inception Date | 05/31/2011 |
| Symbol | HWDIX |
| CUSIP | 41664M235 |
| Fund Number | 1031 |
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Fact Sheet06/30/2019 | pdfThis client flyer summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance. |
Fund Story06/30/2019 | pdfThis Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
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Commentary06/30/2019 | pdfCurrent quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund. |
Expanded Commentary06/30/2019 | pdfCurrent quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
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Summary Prospectus03/01/2019 | pdfA concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.
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Pitchbook06/30/2019 | pdfThis Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
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Semi Annual Report04/30/2019 | pdfA semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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Statutory Prospectus03/01/2019 | pdfAn annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.
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Annual Report10/31/2018 | pdfAn annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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Flyer06/30/2019 | pdfThis flyer highlights the importance of assessing the function of your fixed-income funds to ensure diversification and help reduce overall portfolio volatility.
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Rethinking the Consensus Trade in Fixed Income03/19/2019 | pdfAs we leave the Goldilocks phase of the economy, what will characterize the next phase of the global cycle?
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SAI03/01/2019 | pdfA supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.
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©2019 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.
The Hartford World Bond Fund (the “Fund”) has been developed solely by Hartford Funds. The Fund is not in any way connected to or sponsored, endorsed, sold or promoted by the London Stock Exchange Group plc and its group undertakings (collectively, the “LSE Group”). FTSE Russell is a trading name of certain of the LSE Group companies. All rights in the FTSE World Government Bond Index (“WGBI” or the “Index”) vest in the relevant LSE Group company which owns the Index. FTSE Russell® is a trade mark of the relevant LSE Group company and is used by any other LSE Group company under license. The Index is calculated by or on behalf of FTSE Fixed Income, LLC or its affiliate, agent or partner. The LSE Group does not accept any liability whatsoever to any person arising out of (a) the use of, reliance on or any error in the Index or (b) investment in or operation of the Fund. The LSE Group makes no claim, prediction, warranty or representation either as to the results to be obtained from the Fund or the suitability of the Index for the purpose to which it is being put by Hartford Funds.
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