About HLDTX
Hartford Emerging Markets Local Debt Fund is an actively managed mutual fund specializing in debt securities issued by governments and corporations in emerging markets. Its primary function is to seek both capital appreciation and income by investing at least 80% of its assets in local currency-denominated bonds from a wide spectrum of emerging market countries. The fund’s investment strategy employs a combination of top-down macroeconomic analysis and bottom-up research to assess interest rate, currency, and credit conditions across developing economies. This analytical approach enables the fund to uncover value opportunities while managing risks inherent in these markets.
The fund’s portfolio is diversified across numerous issuers and countries, with significant allocations to local currencies such as the Mexican Peso, Indian Rupee, and Malaysian Ringgit, and to countries including Mexico, Malaysia, and Indonesia. It invests in both investment grade and non-investment grade securities, broadening its exposure to different risk and return profiles. Managed in collaboration with Wellington Management, the fund plays a significant role in providing investors access to the growth potential and diversification benefits of emerging-market local debt within the global fixed income landscape.
Fund Family Hartford Mutual Funds
Category Emerging-Markets Local-Currency Bond
Performance Rating Above Average
Risk Rating Above Average
Stock Exchange Nasdaq
Ticker Symbol HLDTX
Share Class Class R5
Index Index is not available on Lipper Database
HLDTX had a total return of 3.78% in the past year, including dividends. Since the fund's
inception, the average annual return has been 1.31%.
