HLDAX: Hartford Emerging Markets Local Debt A - MutualFunds.com

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HLDAX Hartford Emerging Markets Local Debt A

  • Fund
  • HLDAX
  • Price as of: Oct 11, 2019
  • $5.81 + $0.03 + 0.52%

HLDAX - Profile

Vitals

  • YTD Return 5.6%
  • 3 Yr Annualized Return -8.2%
  • 5 Yr Annualized Return -8.5%
  • Net Assets $141 M
  • Holdings in Top 10 43.4%

52 WEEK LOW AND HIGH

$5.81
$5.47
$5.96

Expenses

OPERATING RELATED FEES

  • Expense Ratio 1.41%

SALES FEES

  • Front Load 4.50%
  • Deferred Load N/A

BROKERAGE FEES

  • Turnover 130.00%

TRADING FEES

  • Max Redemption Fee N/A

Min Investment

STANDARD (TAXABLE)

$5,000

IRA

$5,000

Fund Classification

PRIMARY CATEGORY

  • Fund Type Open End Mutual Fund
  • Investment Style Emerging-Markets Local-Currency Bond

Distributions

  • YTD Total Return 6.4%
  • 3 Yr Annualized Total Return 2.4%
  • 5 Yr Annualized Total Return -0.4%
  • Capital Gain Distribution Frequency Annually
  • Net Income Ratio 4.78%
DIVIDENDS
  • Dividend Yield 4.5%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name Hartford Emerging Markets Local Debt Fund
  • Fund Family Name Hartford Mutual Funds
  • Inception Date May 31, 2011
  • Shares Outstanding N/A
  • Share Class A
  • Currency USD
  • Domiciled Country United States
  • Manager James W. Valone

Fund Description

The fund will normally invest at least 80% of its assets in local currency-denominated emerging markets debt securities, as well as forwards and other derivative instruments that provide market exposure to such securities. It will invest primarily in these non-U.S. dollar currencies. The fund will invest in both investment grade and non-investment grade debt securities (also referred to as "junk bonds") from emerging markets. It is non-diversified.

HLDAX - Performance

Return Ranking - Trailing

Period HLDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 5.6% -8.2% 68.6% 55.66%
1 Yr 4.1% -11.1% 24.2% 67.85%
3 Yr -8.2%* -8.5% 18.1% 99.41%
5 Yr -8.5%* -9.3% 22.4% 98.87%
10 Yr N/A* -5.6% 20.6% N/A

* Annualized


Return Ranking - Calendar

Period HLDAX Return Category Return Low Category Return High Rank in Category (%)
2018 -14.6% -53.1% 0.0% 95.16%
2017 -8.3% -12.4% 15.4% 97.85%
2016 4.5% -12.3% 219.0% 40.62%
2015 -18.8% -29.9% 5.0% 97.88%
2014 -9.7% -22.4% 200.4% 92.23%

Total Return Ranking - Trailing

Period HLDAX Return Category Return Low Category Return High Rank in Category (%)
YTD 6.4% -8.2% 68.6% 52.95%
1 Yr 8.6% -11.1% 24.2% 24.28%
3 Yr 2.4%* -5.3% 18.1% 36.56%
5 Yr -0.4%* -6.9% 32.5% 73.24%
10 Yr N/A* -5.6% 21.0% N/A

* Annualized


Total Return Ranking - Calendar

Period HLDAX Return Category Return Low Category Return High Rank in Category (%)
2018 -8.7% -53.1% 3.3% 65.63%
2017 16.6% -6.6% 21.6% 2.35%
2016 9.4% -12.3% 242.1% 18.10%
2015 -14.7% -29.9% 6.6% 91.51%
2014 -5.4% -22.2% 203.8% 88.08%

NAV & Total Return History

HLDAX - Holdings

Concentration Analysis

HLDAX Category Low Category High HLDAX % Rank
Net Assets 141 M 1.06 M 13.9 B 55.59%
Number of Holdings 477 5 3538 23.78%
Net Assets in Top 10 1.76 M -144 M 12.5 B 90.24%
Weighting of Top 10 43.36% 5.9% 1055.7% 43.94%

Top 10 Holdings

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  2. B9d0gr6u0 Irs Usd R V 12mfedl 99d0gr6v8 Ccpois 5.00%

  3. Us 5yr Note (Cbt) Dec19 Xcbt 20191231 4.82%

  4. S9d0g8w66 Irs Pln R F 1.72750 99d0g8w66 Ccpvanilla 4.69%

  5. S9d0g8w66 Irs Pln P V 06mwibor 99d0g8w58 Ccpvanilla 4.68%

  6. S9d0ga595 Irs Zar R F 6.74000 99d0ga595 Ccpvanilla 3.89%

  7. 99d0gajy5 Irs Clp P F 2.65500 99d0gajy5 Ndfcamarapromedio 3.88%

  8. S9d0ga595 Irs Zar P V 03mjibar 99d0ga587 Ccpvanilla 3.87%

  9. 99d0gajy5 Irs Clp R V 12mclicp 99d0gajz2 Ndfcamarapromedio 3.84%

  10. US 10 Year Note (CBT) Dec19 3.67%


Asset Allocation

Weighting Return Low Return High HLDAX % Rank
Bonds
90.67% 80.12% 1025.08% 75.59%
Cash
8.92% -1000.79% 20.55% 17.95%
Convertible Bonds
0.40% -0.83% 14.31% 39.69%
Stocks
0.00% -61.27% 103.48% 51.81%
Preferred Stocks
0.00% 0.00% 10.60% 33.39%
Other
0.00% -45.72% 58.27% 36.85%

HLDAX - Expenses

Operational Fees

HLDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.41% 0.17% 290.47% 45.26%
Management Fee 0.85% 0.00% 2.50% 82.91%
12b-1 Fee 0.25% 0.00% 1.00% 29.72%
Administrative Fee N/A 0.00% 0.50% N/A

Sales Fees

HLDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load 4.50% 0.15% 5.75% 28.16%
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HLDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.15% 2.00% N/A

Turnover Related Fees

Turnover provides investors a proxy for the trading fees incurred by mutual fund managers who frequently adjust position allocations. Higher turnover means higher trading fees.

HLDAX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 130.00% 0.00% 963.00% 72.40%

HLDAX - Distributions

Dividend Yield Analysis

HLDAX Category Low Category High HLDAX % Rank
Dividend Yield 4.53% 0.00% 12.06% 8.66%

Dividend Distribution Analysis

HLDAX Category Low Category High Category Mode
Dividend Distribution Frequency Monthly Annually Monthly Monthly

Dividend Payout History


Net Income Ratio Analysis

HLDAX Category Low Category High HLDAX % Rank
Net Income Ratio 4.78% -1.65% 11.37% 20.55%

Capital Gain Distribution Analysis

HLDAX Category Low Category High Capital Mode
Capital Gain Distribution Frequency Annually Annually Annually Annually

HLDAX - Managers

James W. Valone

Manager

Start Date

Tenure

Tenure Rank

May 31, 2011

8.34

8.3%

James W. Valone, CFA Senior Managing Director, Partner, and Fixed Income Portfolio Manager Jim has been a portfolio manager and chair of Wellington Management’s Emerging Markets Debt Team since its inception in 1999. He and his team manage portfolios invested in the emerging debt and currency markets for a wide range of investors — including pension funds, mutual funds, endowments, and central banks — focusing on the integrity of our fixed income investment processes and achieving the investment goals of our clients. In addition, he leads our Fixed Income Risk Advisory Council efforts and is an important member of the Fixed Income Review Group, where he has significant impact providing peer feedback to other fixed income investors. Prior to joining the firm in 1999, Jim was an emerging markets debt portfolio manager at Baring Asset Management (1997 – 1999). He also worked at Fidelity Investments as an emerging markets debt portfolio manager and regional analyst covering Latin America (1989 – 1997) and at Northwest Quadrant, Inc. in Newport Beach, California, where he was a portfolio manager (1985 – 1987). Jim received his MBA from the University of Chicago (1989) and his BA in economics from Pomona College (1985). Additionally, he holds the Chartered Financial Analyst designation.


Michael T. Henry

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2015

4.59

4.6%

Michael T. Henry is Managing Director, Vice President and Fixed Income Portfolio Manager of Wellington Management. Mr. Henry joined Wellington Management as an investment professional in 2014. Prior to joining Wellington Management in 2014, Mr. Henry worked as a partner and portfolio manager at Tandem Global Partners (2012 to 2014), a New York-based hedge fund. Prior to that he was an executive director and proprietary trader in emerging markets at JPMorgan (2004 to 2012), specializing in relative value and arbitrage in rates and currencies. Mr. Henry began his career as an investment professional at Lehman Brothers as an Associate, Fixed Income Research in 1996.


Kevin F. Murphy

Manager

Start Date

Tenure

Tenure Rank

Mar 01, 2017

2.58

2.6%

Kevin Murphy Managing Director and Fixed Income Portfolio Manager As a portfolio manager, Kevin works with our Emerging Markets Debt Investment Team to develop investment strategy in the sector. Kevin joined Wellington Management in 2016. Prior to that, he worked at Putnam (1999 – 2016), BancBoston (1996 – 1999) and at ING Baring Securities in New York City (1991 – 1996). Kevin received his BS in electrical engineering from Columbia University’s School of Engineering and Applied Science (1987).


Tenure Analysis

Category Low

0.09

Category High

28.76

Category Average

5.64

Category Mode

10.09