Fund Evaluator:
Hartford World Bond A (HWDAX)
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Best Performing in Global Bond Over the Last Year
| 6.8% | Invesco International Bond Y (OIBYX) |
| 5.5% | Destinations Global Fixed Income Opps Z (DGFZX) |
| 3.7% | Invesco Global Strategic Income Y (OSIYX) |
| 2.7% | Amana Participation Investor (AMAPX) |
| 2.6% | DoubleLine Global Bond N (DLGBX) |
Fund Details
Hartford World Bond A Overview
Hartford World Bond A (HWDAX) is an actively managed Taxable Bond Global Bond fund. Hartford Mutual Funds launched the fund in 2011.
The investment seeks capital appreciation with income as a secondary goal. The fund normally 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, mortgage-related and other asset-backed securities, loan participations, inflation-protected securities, structured securities, variable, floating, and inverse floating rate instruments and preferred stock. It 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. It is non-diversified.
About Hartford World Bond A (HWDAX)
There are 2 members of the management team with an average tenure of 5.92 years: Martin Harvey (2017), Marion Pelata (2024). Management tenure is more important for actively managed funds than passive index funds.
The fund has 2 primary benchmarks: Bloomberg US Agg Bond TR USD index with a weighting of 100% and Bloomberg Global Treasury TR USD index with a weighting of 100%. Hartford World Bond A has 966 securities in its portfolio. The top 10 holdings constitute 54.2% of the fund’s assets. The fund meets the SEC requirement of being classified as a nondiversified fund. The fund is not considered to have an ESG focus with its investment selection and management.
Hartford World Bond A is part of the Fixed Income global asset class and is within the Taxable Bond fund group. Hartford World Bond A has 90.8% of its portfolio invested in foreign issues. The overall assets allocated to domestic stock is 0.0%. There is 0.0% allocated to foreign stock, and 0.0% is allocated to preferred stocks. The bond allocation as a percentage of total assets is 82.2% (-8.6% domestic bond, 90.7% foreign bond and 0.1% convertible bond). Hartford World Bond A has 17.5% of the portfolio in cash.
Assets Under Management
The fund has $227 million in total assets, which is below the $422 million average for the Global Bond category. Normally, lower assets under management translates to higher average expense ratios, and greater total assets are desired. However, for some investment categories, such as small-cap investing, it may be difficult for the manager to fully employ the desired active strategy if assets grow too large or too quickly.
HWDAX Performance and Fees
The expense ratio measures how much of a fund’s assets are used for administrative expenses and operating expenses, including adviser fees and fees for the transfer agent and custodial services. The Hartford World Bond A expense ratio is high compared to funds in the Global Bond category. Hartford World Bond A has an expense ratio of 1.00%, which is 4% higher than its category average, making the fund expense ratio grade a D. While it is difficult to predict returns, it is known that high annual expense ratios reduce your rate of return, and excessive fees are difficult to overcome. Active management normally comes with higher expense ratios than passive index management. Certain investment categories such as small company and foreign also normally have higher expense ratios. It is best to compare fund expense ratios against the category averages for meaningful assessments.
High portfolio turnover can translate to higher expenses and lower aftertax returns. Hartford World Bond A has a portfolio turnover rate of 103%, indicating that holds its assets around 0.0 years. By way of comparison, the average portfolio turnover is 152% for the Global Bond category.
Recently, in the month of July 2026, Hartford World Bond A returned -0.5%, which earned it a grade of C, as the Global Bond category had an average return of -0.3%. The letter grades of A, B, C, D and F are based upon relative rankings within the investment category. A grade of A, for example, would indicate that the return is in the highest 20% for that time period compared to all funds in that category.
Hartford World Bond A has a trailing yield of 4.98%, which is above the 4.17% category average. The fund normally distributes its income quarterly and its capital gains annually.
It’s natural to seek the best-performing investments, but you must consider the relationship between risk and return and the impact of costs and taxes on your realized returns.
Hartford World Bond A Grades
Year to date, the fund has returned 1.3%, 1.5 percentage points better than the category, which translates into a grade of B. The fund has returned 2.7% over the past year (grade of C), 4.5% over the past three years (grade of B) and 1.6% per year over the past five years (grade of A) and 1.8% per year over the past 10 years (grade of B).
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HWDAX Trailing NAV Total Returns Data as of 7/31/26
| Last Month |
Last Quarter |
Ann'l. 1Yr |
Ann'l. 3Yr |
Ann'l. 5Yr |
Ann'l. 10Yr |
|
| HWDAX Return (NAV) | -0.5% | 0.5% | 2.7% | 4.5% | 1.6% | 1.8% |
| HWDAX Grade | C | B | C | B | A | B |
| +/- Category | -0.2% | 0.7% | -0.1% | 0.7% | 2.3% | 0.8% |
| Global Bond Avg | -0.3% | -0.2% | 2.9% | 3.8% | -0.7% | 0.9% |
| HWDAX Tax Cost Ratio | na | na | 2.0% | 1.7% | 1.2% | 0.9% |
HWDAX Annual NAV Total ReturnsData as of 7/31/26
| 2026 | 2025 | 2024 | 2023 | 2022 | 2021 | 2020 | 2019 | 2018 | 2017 | 2016 | |
| HWDAX Return (NAV) | 1.3% | 4.7% | 3.8% | 3.9% | -4.0% | -1.3% | 1.4% | 3.7% | 3.7% | 2.3% | 1.7% |
| HWDAX Grade | B | F | A | F | A | A | F | F | A | F | F |
| +/- Category | 1.5% | -4.8% | 4.8% | -2.7% | 9.9% | 3.2% | -6.4% | -3.5% | 5.9% | -5.5% | -2.0% |
| Global Bond Avg | -0.2% | 9.5% | -1.0% | 6.5% | -13.9% | -4.5% | 7.8% | 7.2% | -2.1% | 7.9% | 3.7% |
| Risk Measures | |
| Standard Deviation: | 3.6% |
| Total Risk Index: | 0.29 - Low |
| Category Risk Index: | 0.52 - Low |
| Category Risk Grade: | A (4% Rank) |
| Beta: | 0.56 |
| R-Squared: | 80% |
| Leveraged Fund: | No |
| Inverse Fund: | No |
| Portfolio Characteristics | |
| Equity Investment Style: | na |
| Bond Investment Style: | na |
| Yield: | 5.0% |
| Dividend Distribution: | Quarterly |
| Cap Gains Distribution: | Annually |
| Total Assets: | $4604 Mil |
| Fund Total Assets: | $ 227 Mil |
| Share Class Type: | A |
| Portfolio Turnover: | 103% |
Management Team
| Number of Managers: 2 | |||
| Longest Tenure: 9.4 years | |||
| Average Tenure: 5.9 years | |||
| Managers (Year): Harvey Martin (2017), Pelata Marion (2024) | |||
Portfolio Composition (as of 6/30/26)
| # of Holdings: | 966 |
| % in Top 10 Holdings: | 54.2% |
| Fund is Non-Diversified: | Yes |
| % in Foreign Issues: | 90.8% |
Portfolio Allocation |
|
| Domestic Stock: | 0.0% |
| Foreign Stock: | 0.0% |
| Preferred Stock: | 0.0% |
| Domestic Bond: | -8.6% |
| Foreign Bond: | 90.7% |
| Convertible Bond: | 0.1% |
| Other: | 0.2% |
| Cash: | 17.5% |
Purchase Information
| Fund Family: | Hartford Mutual Funds |
| Phone Number: | 888-843-7824 |
| Website: | www.hartfordfunds.com |
| Status: | Open |
| Inception Date: | May 31, 2011 |
| Min. Initial Purchase: | $2,000 |
| Min. Initial IRA Purchase: | $ 0 |
| True No-Load: | No |
| Front Load Maximum: | 4.50% |
| Deferred Charge Maximum: | 0.00% |
| Redemption Charge Maximum: | 0.00% |
| 12b-1 Fee: | 0.25% |
Expenses and Fees | |
| Expense Ratio (%): | 1.00% ( Rating : High ) |
| Category Average Expense Ratio (%): | 0.96% |
| Share Class: | Hartford World Bond I |
| Min. Subsequent Purchase: | $ 50 |
| Min. Subsequent IRA Purchase: | $ 0 |
