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The Hartford World Bond Fund
mutual fund
HWDRX
Payout Change
Pending
Price as of:
$9.92
-0.04
-0.4%
primary theme
N/A
HWDRX (Mutual Fund)
The Hartford World Bond Fund
Payout Change
Pending
Price as of:
$9.92
-0.04
-0.4%
primary theme
N/A
HWDRX (Mutual Fund)
The Hartford World Bond Fund
Payout Change
Pending
Price as of:
$9.92
-0.04
-0.4%
primary theme
N/A
Name
As of 12/19/2024Price
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
Vitals
YTD Return
3.1%
1 yr return
3.4%
3 Yr Avg Return
0.7%
5 Yr Avg Return
0.4%
Net Assets
$3.95 B
Holdings in Top 10
37.4%
52 WEEK LOW AND HIGH
$10.0
N/A
N/A
Expenses
OPERATING FEES
Expense Ratio 1.35%
SALES FEES
Front Load N/A
Deferred Load N/A
TRADING FEES
Turnover 132.00%
Redemption Fee N/A
Min Investment
Standard (Taxable)
$0
IRA
N/A
Fund Classification
Fund Type
Open End Mutual Fund
Name
As of 12/19/2024Price
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
HWDRX - Profile
Distributions
- YTD Total Return 3.1%
- 3 Yr Annualized Total Return 0.7%
- 5 Yr Annualized Total Return 0.4%
- Capital Gain Distribution Frequency Annually
- Net Income Ratio 0.10%
- Dividend Yield 3.4%
- Dividend Distribution Frequency Quarterly
Fund Details
-
Legal NameThe Hartford World Bond Fund
-
Fund Family NameHARTFORD FUNDS
-
Inception DateMay 31, 2011
-
Shares OutstandingN/A
-
Share ClassR3
-
CurrencyUSD
-
Domiciled CountryUS
-
ManagerMark Sullivan
Fund Description
Under normal circumstances, the Fund invests at least 80% of its assets in a broad range of fixed income securities, including U.S. and non-U.S. government and corporate debt (including bonds), mortgage-related and other asset-backed securities, loan participations, inflation-protected securities, structured securities, variable, floating, and inverse floating rate instruments and preferred stock. The Fund may invest in both developed and developing markets. Under normal circumstances, the Fund will invest at least 75% of its net assets in investment grade debt securities; however, the Fund has the ability to invest up to 50% of its net assets in securities rated below investment grade (also referred to as “junk bonds”) if market conditions warrant. The Fund is a non-diversified fund, meaning that the Fund may invest a larger proportion of its assets in the securities of one or more issuers than a fund that is “diversified”. The Fund may trade securities actively and may invest in debt securities of any maturity or duration. 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 purchase or sell securities on a when-issued, delayed delivery or forward commitment basis, including securities acquired or sold in the TBA market.For purposes of pursuing its investment objective, the Fund regularly enters into currency-related transactions involving certain derivative instruments, including currency forwards, currency options and currency index futures contracts. The Fund may also enter into various other transactions involving derivatives, including financial futures contracts (such as interest rate or bond futures) and options on such contracts, swap agreements (which may include interest rate and credit default swaps). The Fund may use any of the above currency techniques or other derivative transactions for the purposes of seeking: to enhance Fund returns; to increase liquidity; to gain exposure to particular instruments in more efficient or less expensive ways; and/or to hedge risks relating to changes in interest rates and other market factors.Under normal circumstances, the Fund will invest at least 40% of its net assets in foreign securities or derivative instruments or other investments with exposure to foreign securities of at least three different countries outside the United States. During periods of unfavorable market conditions, the Fund may reduce its exposure to foreign securities, but typically will continue to invest at least 30% of its net assets in foreign securities as described above. Investments are deemed to be “foreign” if: (a) an issuer’s domicile or location of headquarters is in a foreign country; (b) an issuer derives a significant proportion (at least 50%) of its revenues or profits from goods produced or sold, investments made, or services performed in a foreign country or has at least 50% of its assets situated in a foreign country; (c) the principal trading market for a security is located in a foreign country; or (d) it is a foreign currency. The Fund’s exposure to foreign issuers relative to the Fund’s exposure to foreign currencies may be significantly different as a result of currency hedging and other currency related transactions.Wellington Management Company LLP (“Wellington Management”) believes that opportunities arise when there are inefficiencies in the global fixed income and currency markets due to unsynchronized economic, interest rate and credit cycles. In selecting investments for the Fund, Wellington Management seeks to exploit such inefficiencies. As part of the portfolio construction process, Wellington Management combines its top-down strategy with its bottom-up fundamental research. As part of this process, Wellington Management focuses on risk management; analysis of the macroeconomic cycle; and sector and quality positioning. Wellington Management also may consider financially material environmental, social, and/or governance (“ESG”) characteristics to assess the risk and return potential of individual corporate and sovereign bonds (where such data and information is available). The portfolio managers may allocate a portion of the Fund’s assets to specialists within Wellington Management to implement the individual sector and security selection strategies. The Fund does not seek to track, replicate or be correlated to any securities index or securities benchmark.
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HWDRX - Performance
Return Ranking - Trailing
| Period | HWDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.1% | -59.5% | 0.9% | 12.62% |
| 1 Yr | 3.4% | -15.5% | 19.7% | 15.38% |
| 3 Yr | 0.7%* | -4.3% | 4.2% | 65.17% |
| 5 Yr | 0.4%* | -2.5% | 4.1% | 57.98% |
| 10 Yr | 0.8%* | -3.0% | 2.7% | 29.71% |
* Annualized
Return Ranking - Calendar
| Period | HWDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 0.9% | -15.2% | 0.9% | 6.00% |
| 2022 | -4.5% | -10.9% | 12.2% | 90.72% |
| 2021 | -2.7% | -10.8% | 14.8% | 89.58% |
| 2020 | 0.8% | -15.3% | 0.6% | 5.20% |
| 2019 | 0.8% | -44.4% | 14.4% | 90.18% |
Total Return Ranking - Trailing
| Period | HWDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| YTD | 3.1% | -59.5% | 0.9% | 8.25% |
| 1 Yr | 3.4% | -16.6% | 30.5% | 13.27% |
| 3 Yr | 0.7%* | -5.2% | 10.9% | 60.39% |
| 5 Yr | 0.4%* | -2.8% | 7.4% | 54.64% |
| 10 Yr | 0.8%* | -3.0% | 3.6% | 30.94% |
* Annualized
Total Return Ranking - Calendar
| Period | HWDRX Return | Category Return Low | Category Return High | Rank in Category (%) |
|---|---|---|---|---|
| 2023 | 3.6% | -15.2% | 0.9% | 6.00% |
| 2022 | -4.4% | -10.9% | 12.2% | 90.72% |
| 2021 | -1.6% | -10.8% | 14.8% | 90.63% |
| 2020 | 1.1% | -15.3% | 3.8% | 4.62% |
| 2019 | 3.3% | -44.4% | 14.4% | 92.64% |
NAV & Total Return History
HWDRX - Holdings
Concentration Analysis
| HWDRX | Category Low | Category High | HWDRX % Rank | |
|---|---|---|---|---|
| Net Assets | 3.95 B | 74.5 K | 14.7 B | 18.63% |
| Number of Holdings | 1909 | 4 | 4562 | 32.70% |
| Net Assets in Top 10 | 1.46 B | -112 M | 3.66 B | 18.01% |
| Weighting of Top 10 | 37.44% | 4.7% | 100.0% | 44.23% |
Top 10 Holdings
- Canadian Treasury Bill 8.73%
- U.S. Treasury Bills 5.74%
- U.S. Treasury Notes 4.41%
- Canadian Treasury Bill 3.88%
- New Zealand Government Bonds 3.37%
- U.S. Treasury Bills 2.78%
- Norway Government Bonds 2.33%
- Canadian Government Bond 2.15%
- Korea Treasury Bond 2.03%
- Korea Treasury Bond 2.03%
Asset Allocation
| Weighting | Return Low | Return High | HWDRX % Rank | |
|---|---|---|---|---|
| Bonds | 66.00% | 0.00% | 220.33% | 57.82% |
| Cash | 29.46% | -130.07% | 95.62% | 33.65% |
| Other | 4.54% | -9.71% | 100.00% | 78.20% |
| Convertible Bonds | 0.76% | 0.00% | 11.19% | 71.56% |
| Stocks | 0.01% | 0.00% | 7.47% | 38.39% |
| Preferred Stocks | 0.00% | 0.00% | 2.87% | 82.94% |
Stock Sector Breakdown
| Weighting | Return Low | Return High | HWDRX % Rank | |
|---|---|---|---|---|
| Utilities | 0.00% | 0.00% | 91.33% | 83.02% |
| Technology | 0.00% | 0.00% | 21.64% | 79.25% |
| Real Estate | 0.00% | 0.00% | 3.17% | 79.25% |
| Industrials | 0.00% | 0.00% | 11.80% | 84.91% |
| Healthcare | 0.00% | 0.00% | 9.46% | 83.02% |
| Financial Services | 0.00% | 0.00% | 100.00% | 90.57% |
| Energy | 0.00% | 0.00% | 100.00% | 15.09% |
| Communication Services | 0.00% | 0.00% | 56.19% | 83.02% |
| Consumer Defense | 0.00% | 0.00% | 34.30% | 83.02% |
| Consumer Cyclical | 0.00% | 0.00% | 27.00% | 83.02% |
| Basic Materials | 0.00% | 0.00% | 100.00% | 84.91% |
Stock Geographic Breakdown
| Weighting | Return Low | Return High | HWDRX % Rank | |
|---|---|---|---|---|
| US | 0.01% | 0.00% | 6.55% | 32.70% |
| Non US | 0.00% | 0.00% | 1.77% | 82.46% |
Bond Sector Breakdown
| Weighting | Return Low | Return High | HWDRX % Rank | |
|---|---|---|---|---|
| Government | 66.81% | 0.30% | 99.47% | 19.23% |
| Cash & Equivalents | 29.01% | 0.00% | 95.62% | 10.58% |
| Corporate | 10.18% | 0.00% | 98.62% | 71.63% |
| Securitized | 4.40% | 0.00% | 52.02% | 55.29% |
| Derivative | 2.12% | 0.00% | 74.77% | 46.63% |
| Municipal | 0.00% | 0.00% | 7.95% | 87.02% |
Bond Geographic Breakdown
| Weighting | Return Low | Return High | HWDRX % Rank | |
|---|---|---|---|---|
| Non US | 35.61% | 0.00% | 112.80% | 16.11% |
| US | 30.39% | -5.52% | 107.53% | 69.19% |
HWDRX - Expenses
Operational Fees
| HWDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Expense Ratio | 1.35% | 0.02% | 3.65% | 18.66% |
| Management Fee | 0.58% | 0.00% | 2.08% | 66.83% |
| 12b-1 Fee | 0.50% | 0.00% | 1.00% | 66.67% |
| Administrative Fee | N/A | 0.01% | 0.45% | 81.43% |
Sales Fees
| HWDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Front Load | N/A | 0.00% | 5.00% | N/A |
| Deferred Load | N/A | 1.00% | 5.00% | N/A |
Trading Fees
| HWDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Max Redemption Fee | N/A | 2.00% | 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.
| HWDRX Fees (% of AUM) | Category Return Low | Category Return High | Rank in Category (%) | |
|---|---|---|---|---|
| Turnover | 132.00% | 6.00% | 354.00% | 79.88% |
HWDRX - Distributions
Dividend Yield Analysis
| HWDRX | Category Low | Category High | HWDRX % Rank | |
|---|---|---|---|---|
| Dividend Yield | 3.43% | 0.00% | 17.40% | 81.52% |
Dividend Distribution Analysis
| HWDRX | Category Low | Category High | Category Mod | |
|---|---|---|---|---|
| Dividend Distribution Frequency | Quarterly | Quarterly | Monthly | Monthly |
Net Income Ratio Analysis
| HWDRX | Category Low | Category High | HWDRX % Rank | |
|---|---|---|---|---|
| Net Income Ratio | 0.10% | -1.08% | 5.77% | 95.59% |
Capital Gain Distribution Analysis
| HWDRX | Category Low | Category High | Capital Mode | |
|---|---|---|---|---|
| Capital Gain Distribution Frequency | Annually | Annually | Annually | Annually |
Distributions History
| Date | Amount | Type |
|---|---|---|
| Sep 26, 2024 | $0.085 | OrdinaryDividend |
| Jun 26, 2024 | $0.085 | OrdinaryDividend |
| Mar 26, 2024 | $0.078 | OrdinaryDividend |
| Dec 27, 2023 | $0.082 | OrdinaryDividend |
| Sep 27, 2023 | $0.059 | OrdinaryDividend |
| Jun 28, 2023 | $0.061 | OrdinaryDividend |
| Mar 29, 2023 | $0.052 | OrdinaryDividend |
| Mar 29, 2022 | $0.009 | ReturnOfCapital |
| Dec 29, 2021 | $0.064 | OrdinaryDividend |
| Dec 17, 2021 | $0.011 | CapitalGainShortTerm |
| Dec 17, 2021 | $0.022 | CapitalGainLongTerm |
| Sep 28, 2021 | $0.006 | OrdinaryDividend |
| Jun 28, 2021 | $0.007 | OrdinaryDividend |
| Mar 29, 2021 | $0.002 | OrdinaryDividend |
| Dec 29, 2020 | $0.031 | OrdinaryDividend |
| Mar 27, 2020 | $0.007 | OrdinaryDividend |
| Dec 27, 2019 | $0.159 | OrdinaryDividend |
| Dec 17, 2019 | $0.049 | CapitalGainShortTerm |
| Sep 27, 2019 | $0.013 | OrdinaryDividend |
| Jun 27, 2019 | $0.020 | OrdinaryDividend |
| Mar 28, 2019 | $0.020 | OrdinaryDividend |
| Dec 27, 2018 | $0.390 | OrdinaryDividend |
| Dec 17, 2018 | $0.010 | CapitalGainShortTerm |
| Jun 28, 2018 | $0.000 | OrdinaryDividend |
| Mar 30, 2016 | $0.004 | OrdinaryDividend |
| Feb 26, 2016 | $0.006 | OrdinaryDividend |
| Jan 28, 2016 | $0.005 | OrdinaryDividend |
| Nov 27, 2015 | $0.006 | OrdinaryDividend |
| Oct 29, 2015 | $0.005 | OrdinaryDividend |
| Sep 29, 2015 | $0.006 | OrdinaryDividend |
| Aug 27, 2015 | $0.005 | OrdinaryDividend |
| Jul 30, 2015 | $0.004 | OrdinaryDividend |
| Jun 29, 2015 | $0.005 | OrdinaryDividend |
| May 28, 2015 | $0.004 | OrdinaryDividend |
| Apr 29, 2015 | $0.003 | OrdinaryDividend |
| Mar 30, 2015 | $0.003 | OrdinaryDividend |
| Feb 26, 2015 | $0.003 | OrdinaryDividend |
| Jan 29, 2015 | $0.003 | OrdinaryDividend |
| Dec 30, 2014 | $0.294 | OrdinaryDividend |
| Nov 26, 2014 | $0.005 | OrdinaryDividend |
| Oct 29, 2014 | $0.005 | OrdinaryDividend |
| Sep 29, 2014 | $0.006 | OrdinaryDividend |
| Aug 28, 2014 | $0.005 | OrdinaryDividend |
| Jul 30, 2014 | $0.007 | OrdinaryDividend |
| Jun 26, 2014 | $0.007 | OrdinaryDividend |
| May 29, 2014 | $0.006 | OrdinaryDividend |
| Apr 29, 2014 | $0.007 | OrdinaryDividend |
| Mar 27, 2014 | $0.008 | OrdinaryDividend |
| Feb 27, 2014 | $0.007 | OrdinaryDividend |
| Jan 29, 2014 | $0.005 | OrdinaryDividend |
| Dec 30, 2013 | $0.003 | CapitalGainShortTerm |
| Dec 30, 2013 | $0.030 | CapitalGainLongTerm |
| Dec 30, 2013 | $0.023 | OrdinaryDividend |
| Nov 29, 2013 | $0.007 | OrdinaryDividend |
| Oct 29, 2013 | $0.007 | OrdinaryDividend |
| Sep 26, 2013 | $0.006 | OrdinaryDividend |
| Aug 28, 2013 | $0.006 | OrdinaryDividend |
| Jul 29, 2013 | $0.006 | OrdinaryDividend |
| Jun 27, 2013 | $0.005 | OrdinaryDividend |
| May 29, 2013 | $0.005 | OrdinaryDividend |
| Apr 29, 2013 | $0.004 | OrdinaryDividend |
| Mar 27, 2013 | $0.005 | OrdinaryDividend |
| Feb 27, 2013 | $0.004 | OrdinaryDividend |
| Jan 29, 2013 | $0.004 | OrdinaryDividend |
| Dec 20, 2012 | $0.080 | OrdinaryDividend |
| Nov 28, 2012 | $0.004 | OrdinaryDividend |
| Nov 20, 2012 | $0.077 | CapitalGainShortTerm |
| Nov 20, 2012 | $0.039 | CapitalGainLongTerm |
| Oct 31, 2012 | $0.004 | OrdinaryDividend |
| Aug 15, 2012 | $0.003 | OrdinaryDividend |
| Jul 16, 2012 | $0.003 | OrdinaryDividend |
| Jun 28, 2012 | $0.004 | OrdinaryDividend |
| May 16, 2012 | $0.007 | OrdinaryDividend |
| Apr 16, 2012 | $0.007 | OrdinaryDividend |
| Mar 14, 2012 | $0.007 | OrdinaryDividend |
| Nov 21, 2011 | $0.030 | CapitalGainShortTerm |
| Nov 21, 2011 | $0.010 | CapitalGainLongTerm |
HWDRX - Fund Manager Analysis
Managers
Mark Sullivan
Start Date
Tenure
Tenure Rank
May 31, 2011
11.01
11.0%
Mark H. Sullivan, CFA, CMT, Senior Managing Director and Fixed Income Portfolio Manager, has served as the Portfolio Manager of the portion of the International Fixed Income Fund's assets allocated to Wellington Management since 2017. Mark joined Wellington Management in 1999 as a project analyst in Global Relationship Management before becoming a quantitative analyst in the Fixed Income Group. Mr. Sullivan has been a member of the Global Bond team since 2002. He has been an investment professional since then. Mark received his BA from Colgate University (1999). In addition, he holds the Chartered Financial Analyst and Chartered Market Technician designations.
Martin Harvey
Start Date
Tenure
Tenure Rank
Mar 01, 2017
5.25
5.3%
Martin Harvey, CFA, Vice President and Fixed Income Portfolio Manager with an affiliate of Wellington Management,has been involved in portfolio management since 2017 and securities analysis since 2016.Previously, Mr. Harvey served as a fixed income portfolio manager at Columbia Threadneedle Investments (2006 to 2016). Before joining the Wellington Management, Martin worked for HSBC as a research assistant to the Chief Economist. 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. He graduated in 2006 from the University of Bath with a First Class BSc (Hons) in Economics and also holds the Chartered Financial Analyst designation.
Tenure Analysis
| Category Low | Category High | Category Average | Category Mode |
|---|---|---|---|
| 0.02 | 28.31 | 6.8 | 3.67 |
