Hartford Emerging Markets Local Debt Fund (HLDIX)

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Hartford Emerging Markets Local Debt Fund (HLDIX) is up 1.2% since the beginning of the year. HLDIX is currently trading at $5 per share. Investors who bought $1,000 worth of HLDIX shares 5 years ago would now be looking at an investment worth $1,094.

Hartford Emerging Markets Local Debt Fund (HLDIX) has returned 1.16% so far this year and 10.30% over the past 12 months. Over the last ten years, HLDIX has returned 3.17% per year, falling short of the S&P 500 Index benchmark, which averaged 13.66% annually.

Based on dividend-adjusted daily data since Jun 1, 2011, HLDIX's average daily return is +0.01%, while the average monthly return is +0.17%. At this rate, an investment would double in approximately 34.0 years.

Historically, 56% of months were positive and 44% were negative. The best month was Mar 2016 with a return of +8.4%, while the worst month was Mar 2020 at -15.5%. The longest winning streak lasted 9 consecutive months, and the longest losing streak was 5 months.

On a daily basis, HLDIX closed higher 45% of trading days. The best single day was Jun 19, 2017 with a return of +4.1%, while the worst single day was Mar 18, 2020 at -4.8%.

Hartford Emerging Markets Local Debt Fund has an annualized alpha of -1.20%, beta of 0.22, and R2 of 0.21 versus S&P 500 Index. Calculated based on daily prices since June 02, 2011.

• This fund participated in 64.98% of S&P 500 Index downside but only 33.74% of its upside - more exposed to losses than it benefited from rallies.
• Beta of 0.22 may look defensive, but with R2 of 0.21 this fund is largely uncorrelated with S&P 500 Index - low beta reflects independence, not downside protection. See the Volatility section for a true picture of this fund's risk.
• R2 of 0.21 means this fund moves largely independently of S&P 500 Index - capture ratios reflect limited market correlation rather than active downside protection. Consider using a more representative benchmark.

HLDIX has a high expense ratio of 0.93%, indicating above-average management fees.

HLDIX ranks 27 for risk / return — below 27% of mutual funds on our site. The returns aren't fully compensating for the risk involved. This isn't necessarily a dealbreaker, but factor it into your decision — especially if you're risk-averse.

The table below present risk-adjusted performance metrics for Hartford Emerging Markets Local Debt Fund (HLDIX) and compare them to S&P 500 Index.

Hartford Emerging Markets Local Debt Fund provided a 4.81% dividend yield over the last twelve months, with an annual payout of $0.24 per share.

The table displays the monthly dividend distributions for Hartford Emerging Markets Local Debt Fund. The dividends shown in the table have been adjusted to account for any splits that may have occurred.

The Drawdowns chart displays portfolio losses from any high point along the way. Drawdowns are calculated considering price movements and all distributions paid, if any.

The table below displays the maximum drawdowns of the Hartford Emerging Markets Local Debt Fund. A maximum drawdown is a measure of risk, indicating the largest reduction in portfolio value due to a series of losing trades.

The maximum drawdown for the Hartford Emerging Markets Local Debt Fund was 30.40%, occurring on Jan 20, 2016. Recovery took 1238 trading sessions.

The current Hartford Emerging Markets Local Debt Fund drawdown is 2.84%.

The chart below shows the rolling one-month volatility.