About HLDFX
The Hartford Emerging Markets Local Fund is an open-end mutual fund specializing in fixed income securities from emerging markets. Managed by Hartford Funds Management Company and co-managed by Wellington Management, the fund's primary objective is to seek capital appreciation and income by investing at least 80% of its assets in local currency-denominated debt securities issued by emerging market countries. It achieves this exposure both through direct investment and the use of derivatives, such as forwards, focusing on a variety of maturities and including both investment-grade and non-investment-grade bonds. The fund employs a comprehensive investment process that combines top-down macroeconomic analysis with bottom-up securities selection, carefully considering credit risk, interest rates, and currency movements. With broad diversification across over 290 holdings and significant exposure to Latin America, Asia, Eastern Europe, and Africa, the fund is benchmarked against the JP Morgan GBI Emerging Markets Global Diversified Index. Its role in the financial market is to provide investors access to the growth potential and diversification benefits of emerging markets debt while navigating the unique risks and opportunities associated with local currency fluctuations and developing economies.
Fund Family Hartford Mutual Funds
Category Emerging-Markets Local-Currency Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol HLDFX
Share Class Class F
Index Index is not available on Lipper Database
HLDFX had a total return of 20.35% in the past year, including dividends. Since the fund's
inception, the average annual return has been 11.61%.
