About HLDRX
The Hartford Emerging Markets Local Debt Fund is an open-ended mutual fund specializing in fixed income investments within emerging markets. Its primary goal is to achieve capital appreciation and income by investing at least 80% of its assets in local currency-denominated debt securities issued by government and corporate entities in emerging market countries. The fund employs both top-down macroeconomic analysis and bottom-up research to assess interest-rate, currency, and credit risks across a diverse set of regions, including significant exposures to countries like Mexico, Malaysia, Indonesia, and South Africa. Managed by Hartford Funds in collaboration with Wellington Management Company LLP, the fund invests in both investment-grade and non-investment-grade securities, and makes use of derivatives such as forwards to gain market exposure. Through this diversified, research-driven approach, the fund offers investors access to the potential growth and yield opportunities associated with emerging market economies, while also managing the unique risks these markets present. It serves as a tool for investors seeking to diversify their fixed income allocations beyond developed markets and gain exposure to local currency bonds from developing nations.
Fund Family Hartford Mutual Funds
Category Emerging-Markets Local-Currency Bond
Performance Rating Average
Risk Rating Above Average
Stock Exchange NASDAQ
Ticker Symbol HLDRX
Share Class Class R3
Index Index is not available on Lipper Database
HLDRX had a total return of 6.99% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.07%.
