The Hartford World Bond Fund (HWDVX)
The Hartford World Bond Fund operates in the Asset Management - Bonds industry of the Financial Services sector, headquartered in Hartford, CT, US. The stock last traded at $9.86, up 0.10% on the session, giving a market capitalisation of $4.44B. Its beta of 0.58 implies it has historically moved less than the broad market.
The fund generally allocates more than 80% of its capital to a diverse array of fixed-income instruments. These encompass government bonds from both domestic and international issuers, corporate debt, mortgage-backed securities, other asset-backed products, participations in loans, inflation-indexed securities, structured financial products, and instruments featuring variable, floating, or inverse floating interest rates, alongside preferred equity. A minimum of 75% of its net assets will be invested in debt securities classified as investment grade; however, the fund retains the flexibility to commit up to 50% of its net assets to lower-rated, below-investment-grade securities. This fund is structured as a non-diversified investment vehicle.
The Hartford World Bond Fund is most often compared with the following Financial Services names: