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Hartford World Bond: Daring to Be Different

This Bronze-rated fund has had promising results so far, but we don't like its above-average price tag.

Mentioned:

Miriam Sjoblom: Bronze-rated Hartford World Bond was launched during the European sovereign debt crisis in 2011. That period really highlighted the flaws of global-bond indexes, which are dominated by the most indebted developed-markets countries.

The Wellington team running this fund doesn't think a benchmark-oriented approach can give investors the safety they want from a bond fund, so they don't tie themselves to a benchmark. Instead, they do their own analysis to select countries with three traits: stable-to-improving fundamentals, compelling valuations, and very liquid debt markets.

Miriam Sjoblom does not own (actual or beneficial) shares in any of the securities mentioned above. Find out about Morningstar’s editorial policies.