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Hartford Floating Rate Fund

Explore Another ETFs

Objective

Seeks to provide high current income and long-term total return.

Overview

A fund that typically invests in floating-rate loans and securities that are below-investment-grade.

More About Floating Rate Fund 

Performance

Performance (%)
% (as of 12/31/2017)
Average Annual Total Returns % (as of 12/31/2017)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate  I 4.53 4.53 4.57 3.80 4.09 4.18
Benchmark 4.25 4.25 4.50 4.33 4.57 ---
Morningstar Bank Loan Category 3.47 3.47 3.72 3.46 3.60 ---
Performance (%)
% (as of 12/31/2017)
Average Annual Total Returns % (as of 12/31/2017)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate  I 4.53 4.53 4.57 3.80 4.09 4.18
Benchmark 4.25 4.25 4.50 4.33 4.57 ---
Morningstar Bank Loan Category 3.47 3.47 3.72 3.46 3.60 ---
SI = Since Inception. Fund Inception: 04/29/2005
Operating Expenses:   Net  0.74% |  Gross  0.74%

Share Class Inception: 8/31/06.
Class I-share performance prior to its inception date reflects Class A-share performance (excluding sales charges) and operating expenses. SI performance is calculated from 4/29/05.

Performance data quoted represents past performance and does not guarantee future results. The investment return and principal value of an investment will fluctuate so that an investor’s shares, when redeemed, may be worth more or less than their original cost. Current performance may be lower or higher than the performance data quoted.

Growth of $10,000

(as of 12/31/2017)
[{"date":"2017/12/31","value":"14539"},{"date":"2017/11/30","value":"14478"},{"date":"2017/10/31","value":"14483"},{"date":"2017/09/30","value":"14390"},{"date":"2017/08/31","value":"14314"},{"date":"2017/07/31","value":"14336"},{"date":"2017/06/30","value":"14225"},{"date":"2017/05/31","value":"14249"},{"date":"2017/04/30","value":"14190"},{"date":"2017/03/31","value":"14116"},{"date":"2017/02/28","value":"14123"},{"date":"2017/01/31","value":"14021"},{"date":"2016/12/31","value":"13946"},{"date":"2016/11/30","value":"13732"},{"date":"2016/10/31","value":"13707"},{"date":"2016/09/30","value":"13552"},{"date":"2016/08/31","value":"13412"},{"date":"2016/07/31","value":"13286"},{"date":"2016/06/30","value":"13098"},{"date":"2016/05/31","value":"13132"},{"date":"2016/04/30","value":"13039"},{"date":"2016/03/31","value":"12730"},{"date":"2016/02/29","value":"12310"},{"date":"2016/01/31","value":"12374"},{"date":"2015/12/31","value":"12545"},{"date":"2015/11/30","value":"12729"},{"date":"2015/10/31","value":"12884"},{"date":"2015/09/30","value":"12884"},{"date":"2015/08/31","value":"12979"},{"date":"2015/07/31","value":"13130"},{"date":"2015/06/30","value":"13161"},{"date":"2015/05/31","value":"13237"},{"date":"2015/04/30","value":"13223"},{"date":"2015/03/31","value":"13074"},{"date":"2015/02/28","value":"13045"},{"date":"2015/01/31","value":"12808"},{"date":"2014/12/31","value":"12819"},{"date":"2014/11/30","value":"13072"},{"date":"2014/10/31","value":"13040"},{"date":"2014/09/30","value":"13000"},{"date":"2014/08/31","value":"13130"},{"date":"2014/07/31","value":"13089"},{"date":"2014/06/30","value":"13121"},{"date":"2014/05/31","value":"13052"},{"date":"2014/04/30","value":"12969"},{"date":"2014/03/31","value":"12973"},{"date":"2014/02/28","value":"12928"},{"date":"2014/01/31","value":"12919"},{"date":"2013/12/31","value":"12851"},{"date":"2013/11/30","value":"12795"},{"date":"2013/10/31","value":"12741"},{"date":"2013/09/30","value":"12630"},{"date":"2013/08/31","value":"12600"},{"date":"2013/07/31","value":"12628"},{"date":"2013/06/30","value":"12472"},{"date":"2013/05/31","value":"12572"},{"date":"2013/04/30","value":"12575"},{"date":"2013/03/31","value":"12501"},{"date":"2013/02/28","value":"12375"},{"date":"2013/01/31","value":"12360"},{"date":"2012/12/31","value":"12229"},{"date":"2012/11/30","value":"12153"},{"date":"2012/10/31","value":"12125"},{"date":"2012/09/30","value":"12077"},{"date":"2012/08/31","value":"11932"},{"date":"2012/07/31","value":"11835"},{"date":"2012/06/30","value":"11733"},{"date":"2012/05/31","value":"11634"},{"date":"2012/04/30","value":"11757"},{"date":"2012/03/31","value":"11655"},{"date":"2012/02/29","value":"11570"},{"date":"2012/01/31","value":"11447"},{"date":"2011/12/31","value":"11201"},{"date":"2011/11/30","value":"11119"},{"date":"2011/10/31","value":"11177"},{"date":"2011/09/30","value":"10806"},{"date":"2011/08/31","value":"10779"},{"date":"2011/07/31","value":"11309"},{"date":"2011/06/30","value":"11276"},{"date":"2011/05/31","value":"11334"},{"date":"2011/04/30","value":"11340"},{"date":"2011/03/31","value":"11262"},{"date":"2011/02/28","value":"11254"},{"date":"2011/01/31","value":"11224"},{"date":"2010/12/31","value":"11026"},{"date":"2010/11/30","value":"10907"},{"date":"2010/10/31","value":"10861"},{"date":"2010/09/30","value":"10693"},{"date":"2010/08/31","value":"10549"},{"date":"2010/07/31","value":"10498"},{"date":"2010/06/30","value":"10284"},{"date":"2010/05/31","value":"10310"},{"date":"2010/04/30","value":"10584"},{"date":"2010/03/31","value":"10433"},{"date":"2010/02/28","value":"10197"},{"date":"2010/01/31","value":"10153"},{"date":"2009/12/31","value":"9985"},{"date":"2009/11/30","value":"9733"},{"date":"2009/10/31","value":"9699"},{"date":"2009/09/30","value":"9613"},{"date":"2009/08/31","value":"9370"},{"date":"2009/07/31","value":"9187"},{"date":"2009/06/30","value":"8907"},{"date":"2009/05/31","value":"8638"},{"date":"2009/04/30","value":"8282"},{"date":"2009/03/31","value":"7679"},{"date":"2009/02/28","value":"7610"},{"date":"2009/01/31","value":"7438"},{"date":"2008/12/31","value":"6954"},{"date":"2008/11/30","value":"7303"},{"date":"2008/10/31","value":"7842"},{"date":"2008/09/30","value":"9239"},{"date":"2008/08/31","value":"9752"},{"date":"2008/07/31","value":"9766"},{"date":"2008/06/30","value":"9865"},{"date":"2008/05/31","value":"9864"},{"date":"2008/04/30","value":"9748"},{"date":"2008/03/31","value":"9417"},{"date":"2008/02/29","value":"9412"},{"date":"2008/01/31","value":"9680"},{"date":"2007/12/31","value":"10000"}]

 
Growth of $10,000

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

I-Share Morningstar Ratings
(as of 12/31/2017)
  • Overall
    infoIcon:
  • Overall Morningstar Rating for Floating Rate Fund, Class I, as of 12/31/2017 out of 205 products in the Bank Loan Category Based on Risk-Adjusted Returns
Calendar Year Returns (%)
Fund Benchmark
2017 4.53 4.25
2016 11.46 9.88
2015 -1.86 -0.38
2014 0.00 2.06
2013 5.34 6.15
2012 9.42 9.43
2011 1.84 1.82
2010 10.79 9.98
2009 43.96 44.87
2008 -30.29 -28.75

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

Characteristics Holdings are subject to change. Percentages may be rounded.

Statistics
As of Date 12/31/2017
Net Assets $4.0 billion
# of Holdings 333
Turnover (12/31/2017) 69%
Dividend Frequency Monthly
Holdings Characteristics
(as of 12/31/2017)
Fund
% in Bank Loans 91.43
Average Days to Reset 40
Bank Loan Average Price $98.54
Effective Duration 0.39 yrs.
Yields
As of Date 12/31/2017
Distribution Yield at NAV 3.94%
Trailing 12 Month Yield 3.86%
30 Day SEC Yield 3.93%
Unsubsidized 30-Day SEC Yield 3.93%
Fund Essentials
Inception Date 04/29/2005
Symbol HFLIX
CUSIP 416649804
Fund Number 1308

Top Ten Issuers (%)

(as of 12/31/2017)
label percentageholding
First Data Corp. 1.93
Sprint Communications, Inc. 1.91
Caesars Entertainment Operating Co. 1.70
Caesars Resort Collection LLC 1.57
Sinclair Television Group Inc. 1.48
Level 3 Financing, Inc. 1.43
TransDigm, Inc. 1.37
Sedgwick Claims Management Services, Inc. 1.11
Valeant Pharmaceuticals International, Inc. 1.09
MacDonald, Dettwiler and Associates Ltd. 0.96
Total Portfolio % 14.55
(as of 9/30/2017)
label percentageholding
First Data Corp. 1.90
Sprint Communications, Inc. 1.85
Level 3 Financing, Inc. 1.74
Caesars Entertainment Operating Co. 1.72
Sedgwick Claims Management Services, Inc. 1.22
TransDigm, Inc. 1.22
Avolon TLB Borrower 1 1.14
Univision Communications, Inc. 1.10
California Resources Corp. 1.09
Revlon Consumer Products Corp. 1.06
Total Portfolio % 14.04

Credit Exposure (%)

(as of 12/31/2017)
label value
Baa/BBB 5.3
Ba/BB 45.5
B 43.8
Caa/CCC or lower 6.0
Not Rated 1.9
Cash & Cash Offsets -2.4

Credit exposure is the credit ratings for the underlying securities of the Fund as provided by Standard and Poor's (S&P), Moody's Investors Service, or Fitch and typically range from AAA/Aaa (highest) to C/D (lowest). If S&P, Moody's, and Fitch assign different ratings, the median rating is used. If only two agencies assign ratings, the lower rating is used. Securities that are not rated by any of the three agencies are listed as "Not Rated." Ratings do not apply to the Fund itself or to Fund shares. Ratings may change.

Sector Distribution
Sectors 09/30/2017 Fund 12/31/2017 Benchmark 12/31/2017 UNDERWEIGHT / OVERWEIGHT -4 0 4
Consumer Non-Cyclical 17.7 18.0 16.4
Overweight 50.0%
Financial Institutions 7.5 9.1 7.1
Overweight 50.0%
Energy 8.2 6.3 3.9
Overweight 50.0%
Communications 14.7 15.5 14.9
Overweight 25.0%
Other Industrial 3.6 3.8 2.6
Overweight 25.0%
Utilities 4.3 3.1 2.4
Overweight 25.0%
Transportation 3.6 2.8 2.5
Overweight 25.0%
Basic Industry 3.6 4.7 4.6
Overweight 0.0%
Other High Yield 0.3 0.7 1.2
Overweight 0.0%
Other Securities 0.2 0.3 0.0
Overweight 0.0%
Cash and Cash Equivalents -1.8 -2.4 0.0
Overweight 0.0%
Capital Goods 7.0 8.0 8.8
Overweight 25.0%
Consumer Cyclical 18.4 18.1 19.9
Overweight 50.0%
Technology 12.7 12.1 15.8
Overweight 100.0%

Insights

pdf

Shelter From the Storm 

Wed Jan 03 12:42:00 EST 2018
A fixed-income forecast for a rising-rate world
pdf

2018 Outlooks (Schroders) 

Fri Dec 22 14:06:00 EST 2017
Thought leaders from Schroder Investment Management provide their outlook on issues that may influence markets and portfolios going forward.
pdf

1Q 2018 Outlooks (Wellington) 

Thu Dec 21 14:06:00 EST 2017
Thought leaders from Wellington Management provide their outlook on issues that may influence markets and portfolios going forward.

Literature

Fund Literature

Select All

Fact Sheet

09/30/2017 | pdf
Get FINRA Letter

Max 100

Commentary

09/30/2017 | pdf
Get FINRA Letter

Max 100

Expanded Commentary

09/30/2017 | pdf

Max 100

Summary Prospectus

03/01/2017 | pdf

Available For
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Pitchbook

12/31/2017 | pdf

Available For
Download Only

Semi Annual Report

04/30/2017 | pdf

Available For
Download Only

Statutory Prospectus

03/01/2017 | pdf

Available For
Download Only

Annual Report

10/31/2017 | pdf

Available For
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Flyer

12/31/2017 | pdf
Get FINRA Letter

Max 100

Fund Story

09/30/2017 | pdf
Get FINRA Letter

Max 50

SAI

03/01/2017 | pdf

Available For
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A WORD ABOUT RISK

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund's share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Fixed Income risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; these risks are currently heightened because interest rates are at, or near, historical lows. Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. Loans can be difficult to value and highly illiquid; they are subject to credit risk, bankruptcy risk, and insolvency. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., "Brexit").
Floating Rate Fund should not be considered an alternative to CDs or money market funds. This Fund is for investors who are looking to complement their traditional fixed-income investments.

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