3 / 5 Stars
4 4 2 4 2
Zacks Investment Research
Standard & Poor's
3 / 5 Stars
#55 in Foreign Large Blend
U.S. News evaluated 209 Foreign Large Blend Funds. Our list highlights the top-rated funds for long-term investors based on the ratings of leading fund industry researchers.
The fund has returned 18.18 percent over the past year, 6.18 percent over the past three years, 18.11 percent over the past five years, and 7.92 percent over the past decade.
|Trailing Returns||Updated 02.28.2014|
|Year to date||-0.5%|
|3 Years (Annualized)||6.2%|
|5 Years (Annualized)||18.1%|
|10 Years (Annualized)||7.9%|
Designed for investors looking for exposure to markets outside of the United States, the Hartford International Opportunities Fund goes just about anywhere in the world to find out-of-favor firms with growth potential.
As of March 05, 2014, the fund has assets totaling almost $1.60 billion invested in 110 different holdings. Its portfolio consists of a variety of mid- to giant-cap stocks of foreign companies.
Lead manager Nicolas Choumenkovitch says he increased the fund’s exposure to “domestically-oriented, emerging markets companies” in 2010, identifying businesses poised to capitalize on rising incomes and expanded purchasing power in the emerging markets.
At the same time, the fund has heavy exposure to Europe—about 60 percent of total assets as of the end of February—so the escalating European debt crisis in the latter half of 2010 was a drag on performance somewhat. Nevertheless, 2010 returns for the fund ranked it in the top 14 percent of its category. However, a combined position of almost 6 percent of total assets in Ireland, Italy, and Spain—countries at the center of the debt crisis—might negatively impact the fund as the crisis in Europe continues to unravel. The fund has returned 18.18 percent over the past year and 6.18 percent over the past three years.
As of the end of March, the fund’s five-year trailing returns put the fund in the top 6 percent of Morningstar’s foreign large blend category. Returns over the past decade rank in the top 24 percent of the category. The fund has returned 18.11 percent over the past five years and 7.92 percent over the past decade.
Management generally invests about 65 percent of total assets in stocks of established non-U.S. companies. Up to 25 percent of the fund’s assets can be in emerging markets. Management takes a bottom-up approach to stock picking and generally looks for opportunities among companies that have fallen out of favor among investors. “We look [for] stocks with low returns (perhaps due to a downturn in the industry cycle, or a challenge more specific to the company) where we believe there is a catalyst for improvement,” Choumenkovitch said.
Nicolas Choumenkovitch leads a five-person portfolio management team.
Hartford International Opportunities Fund has an expense ratio of 1.26 percent.
As with all stock funds, market fluctuations might impact returns. Some exposure to emerging markets might increase volatility.