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Name

As of 11/28/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

The Hartford Emerging Markets Local Debt Fund

HLDFX | Fund

$4.71

$29.6 M

5.76%

$0.27

1.07%

Vitals

YTD Return

10.2%

1 yr return

13.2%

3 Yr Avg Return

-1.6%

5 Yr Avg Return

2.3%

Net Assets

$29.6 M

Holdings in Top 10

17.7%

52 WEEK LOW AND HIGH

$4.7
N/A
N/A

Expenses

OPERATING FEES

Expense Ratio 1.07%

SALES FEES

Front Load N/A

Deferred Load N/A

TRADING FEES

Turnover 99.00%

Redemption Fee N/A

Min Investment

Standard (Taxable)

$1,000,000

IRA

N/A

Fund Classification

Fund Type

Open End Mutual Fund

Name

As of 11/28/2023

Price

Aum/Mkt Cap

YIELD

Annualized forward dividend yield. Multiplies the most recent dividend payout amount by its frequency and divides by the previous close price.

Exp Ratio

Expense ratio is the fund’s total annual operating expenses, including management fees, distribution fees, and other expenses, expressed as a percentage of average net assets.

Watchlist

The Hartford Emerging Markets Local Debt Fund

HLDFX | Fund

$4.71

$29.6 M

5.76%

$0.27

1.07%

HLDFX - Profile

Distributions

  • YTD Total Return 10.2%
  • 3 Yr Annualized Total Return -1.6%
  • 5 Yr Annualized Total Return 2.3%
  • Capital Gain Distribution Frequency N/A
  • Net Income Ratio 3.54%
DIVIDENDS
  • Dividend Yield 5.8%
  • Dividend Distribution Frequency Monthly

Fund Details

  • Legal Name
    The Hartford Emerging Markets Local Debt Fund
  • Fund Family Name
    HARTFORD FUNDS
  • Inception Date
    Mar 01, 2017
  • Shares Outstanding
    N/A
  • Share Class
    F
  • Currency
    USD
  • Domiciled Country
    US
  • Manager
    Michael Henry

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. Local currencies are the currencies of the markets where the Fund’s investments are located. The Fund will invest primarily in these non-U.S. dollar currencies. Emerging markets are (a) those markets represented in any of the following three indices: JP Morgan GBI Emerging Markets Global Diversified Index, JP Morgan EMBI Global Diversified Index, or JP Morgan CEMBI Broad Diversified Index; or (b) any market not included in the International Monetary Fund’s list of Advanced Economies as of the most recent year end period. The Fund will invest in both investment grade and non-investment grade debt securities (also referred to as “junk bonds”) from emerging markets. The Fund may invest in debt issued by sovereign, quasi-sovereign agency, supranational, and sub-national government issuers; corporate debt securities and loan participation securities; credit- and index-linked derivatives; global depositary notes (“GDNs”); inflation protected securities; as well as other debt securities, both fixed- and floating-rate. The Fund may buy and sell exchange-traded and over-the-counter derivative instruments, including bond futures; currency, interest rate, total rate of return, and credit default swaps; forward rate agreements; currency, bond, and swap options; deliverable and non-deliverable currency forward contracts; and other derivative instruments to enhance portfolio management efficiency, and may hold outright short positions in these instruments for hedging purposes and otherwise in pursuit of the Fund’s investment objective. The Fund may invest in certain restricted securities, such as securities that are only eligible for resale pursuant to Rule 144A, and securities of U.S. and non-U.S. issuers that are issued pursuant to Regulation S. The Fund may trade securities actively and may invest in debt securities of any maturity or duration. The Fund is non-diversified, which means that it may invest its assets in a smaller number of issuers than a diversified fund.The Fund’s sub-adviser, Wellington Management Company LLP (“Wellington Management”), combines comprehensive top-down quantitative and macroeconomic analysis with detailed bottom-up fundamental credit, interest rate, and currency research to seek to identify the most attractive investment opportunities in the emerging local debt and currency markets.
Read More

HLDFX - Performance

Return Ranking - Trailing

Period HLDFX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% -4.8% 13.2% 10.38%
1 Yr 13.2% -2.4% 16.2% 6.31%
3 Yr -1.6%* -15.3% 2.5% 15.00%
5 Yr 2.3%* -13.2% 5.6% 19.64%
10 Yr N/A* -6.9% 4.3% 60.20%

* Annualized

Return Ranking - Calendar

Period HLDFX Return Category Return Low Category Return High Rank in Category (%)
2022 -14.3% -35.2% -2.4% 17.59%
2021 -10.9% -24.0% 2.7% 77.00%
2020 -1.3% -17.3% 11.1% 79.04%
2019 8.4% -6.4% 13.0% 50.53%
2018 -14.6% -29.0% -1.4% 93.26%

Total Return Ranking - Trailing

Period HLDFX Return Category Return Low Category Return High Rank in Category (%)
YTD 10.2% -4.8% 13.2% 10.38%
1 Yr 13.2% -2.4% 16.2% 6.31%
3 Yr -1.6%* -15.3% 2.5% 15.00%
5 Yr 2.3%* -13.2% 5.6% 19.64%
10 Yr N/A* -6.9% 4.3% 59.70%

* Annualized

Total Return Ranking - Calendar

Period HLDFX Return Category Return Low Category Return High Rank in Category (%)
2022 -10.6% -35.2% -1.7% 23.78%
2021 -6.7% -18.5% 7.4% 76.00%
2020 6.5% -17.3% 18.0% 37.11%
2019 13.1% -3.0% 23.0% 50.18%
2018 -8.4% -18.4% 1.9% 87.27%

NAV & Total Return History

HLDFX - Holdings

Concentration Analysis

HLDFX Category Low Category High HLDFX % Rank
Net Assets 29.6 M 331 K 13.6 B 86.52%
Number of Holdings 621 2 1891 18.50%
Net Assets in Top 10 5.58 M -134 M 1.25 B 84.01%
Weighting of Top 10 17.74% 5.6% 101.7% 62.03%

Top 10 Holdings

  1. Mexico Cetes 4.08%
  2. Republic of South Africa Government Bond 2.55%
  3. Mexico Cetes 2.35%
  4. Mexican Bonos 1.81%
  5. Republic of Poland Government Bond 1.38%
  6. Indonesia Treasury Bond 1.21%
  7. Malaysia Government Bond 1.13%
  8. Republic of South Africa Government Bond 1.11%
  9. Republic of South Africa Government Bond 1.07%
  10. Czech Republic Government Bond 1.05%

Asset Allocation

Weighting Return Low Return High HLDFX % Rank
Bonds 		93.44% 0.00% 116.66% 48.59%
Cash 		5.02% -16.66% 28.32% 55.17%
Other 		1.55% -15.03% 64.98% 14.11%
Convertible Bonds 		1.12% 0.00% 8.47% 18.35%
Stocks 		0.00% -0.01% 97.64% 79.00%
Preferred Stocks 		0.00% 0.00% 1.50% 73.35%

Bond Sector Breakdown

Weighting Return Low Return High HLDFX % Rank
Government 		69.60% 0.00% 99.79% 45.25%
Corporate 		20.06% 0.00% 93.26% 42.09%
Derivative 		1.16% -4.48% 7.35% 4.39%
Cash & Equivalents 		0.88% 0.00% 23.23% 62.70%
Securitized 		0.00% 0.00% 2.41% 75.63%
Municipal 		0.00% 0.00% 0.00% 72.78%

Bond Geographic Breakdown

Weighting Return Low Return High HLDFX % Rank
Non US 		63.41% 0.00% 132.49% 25.39%
US 		30.03% -42.31% 104.60% 73.98%

HLDFX - Expenses

Operational Fees

HLDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Expense Ratio 1.07% 0.18% 35.56% 60.88%
Management Fee 0.75% 0.00% 1.10% 70.53%
12b-1 Fee N/A 0.00% 1.00% N/A
Administrative Fee N/A 0.02% 0.65% N/A

Sales Fees

HLDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Front Load N/A 0.75% 5.75% N/A
Deferred Load N/A 1.00% 5.00% N/A

Trading Fees

HLDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Max Redemption Fee N/A 0.75% 2.00% N/A

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.

HLDFX Fees (% of AUM) Category Return Low Category Return High Rank in Category (%)
Turnover 99.00% 0.00% 218.00% 80.87%

HLDFX - Distributions

Dividend Yield Analysis

HLDFX Category Low Category High HLDFX % Rank
Dividend Yield 5.76% 0.00% 26.48% 77.12%

Dividend Distribution Analysis

HLDFX Category Low Category High Category Mod
Dividend Distribution Frequency Monthly Annual Monthly Monthly

Net Income Ratio Analysis

HLDFX Category Low Category High HLDFX % Rank
Net Income Ratio 3.54% -2.28% 8.64% 76.21%

Capital Gain Distribution Analysis

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

Distributions History

View More +

HLDFX - Fund Manager Analysis

Managers

Michael Henry

Start Date

Tenure

Tenure Rank

Mar 01, 2015

7.25

7.3%

Michael T. Henry, Managing Director and Fixed Income Portfolio Manager of Wellington Management, has been involved in portfolio management for the Fund since 2015. 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 Murphy

Start Date

Tenure

Tenure Rank

Mar 01, 2017

5.25

5.3%

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 Category High Category Average Category Mode
0.08 23.87 6.33 6.11

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