- Business
- Hartford Schroders International Multi-Cap Value Fund (Class A) (SIDVX) is an open-end mutual fund that seeks long-term capital appreciation by investing at least 80% of its assets in equity securities or equity-linked derivatives of companies located outside the United States, focusing on high-quality firms offering attractive valuations across developed and emerging markets; it emphasizes a diversified portfolio spanning large-, mid-, and small-cap stocks in various sectors including financials, energy, utilities, consumer discretionary, industrials, materials, communication services, real estate, health care, consumer staples, and information technology. The fund, sub-advised by Schroders with over 200 years of global investment experience, maintains approximately 490-511 holdings, a turnover rate of around 142%, and key metrics such as a price/earnings ratio of 10.4x-11.3x, price/book of 1.4x-1.6x, and return on equity of 13.1%-13.8%, with top holdings including HSBC Holdings PLC, Samsung Electronics Co. Ltd., Allianz SE, Alibaba Group Holding Ltd., and Mitsubishi UFJ Financial Group, Inc.; it offers multiple share classes including A (SIDVX, expense ratio 1.12%), I (SIDNX), F, R3, R4, R5, SDR, and Y, distributed quarterly with a recent yield around 2.14%. Geographically, it operates with regional exposure to Continental Europe (35%), emerging markets (19%), Japan (16%), Pacific ex-Japan (12%), United Kingdom (10%), North America (7%), and Africa/Middle East (1%), benchmarking against the MSCI ACWI ex USA Index and categorized in the Morningstar Foreign Large Value peer group.
Launched on August 30, 2006, and domiciled in the United States with Hartford Funds as the adviser, the fund is part of the Hartford Schroders series stemming from a 2016 strategic alliance in which Hartford Funds adopted several Schroders mutual funds, rebranding them as Hartford Schroders Funds to broaden active management offerings in equity, fixed income, and multi-asset strategies. Recent portfolio adjustments within the last two years include new positions in Prosus N.V., RWE Aktiengesellschaft, Furukawa Electric Co., Ltd., Itau Unibanco Holding SA, and CK Hutchison Holdings Limited, alongside active share of 65% and overweightings in financials, utilities, and energy as of late 2025. Management saw a transition in April 2022 when longtime manager Justin Abercrombie departed, with current portfolio managers Stephen Langford (since March 2011, 26 years experience), David Philpotts (since March 2018, 35 years), and Lukas Kamblevicius (since November 2021, 20 years) maintaining the quantitative value-oriented process that has delivered competitive long-term returns versus peers.