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Hartford Floating Rate Fund

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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 11/30/2018)
Average Annual Total Returns % (as of 11/30/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate  I 2.13 2.58 5.46 3.25 7.61 4.05
Benchmark 3.06 3.47 5.36 3.69 8.53 ---
Morningstar Bank Loan Category 2.13 2.46 4.51 2.86 7.23 ---
Performance (%)
% (as of 9/30/2018)
Average Annual Total Returns % (as of 9/30/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate  I 3.56 4.70 5.55 3.81 5.25 4.21
Benchmark 4.00 5.16 5.31 4.13 6.14 ---
Morningstar Bank Loan Category 3.18 4.17 4.51 3.34 4.83 ---
SI = Since Inception. Fund Inception: 04/29/2005
Operating Expenses:   Net  0.73% |  Gross  0.73%
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 (I-Share)

(as of 10/31/2018)
[{"date":"Wed Oct 31 00:00:00 EDT 2018","value":"19616.0"},{"date":"Sun Sep 30 00:00:00 EDT 2018","value":"19673.0"},{"date":"Fri Aug 31 00:00:00 EDT 2018","value":"19553.0"},{"date":"Tue Jul 31 00:00:00 EDT 2018","value":"19476.0"},{"date":"Sat Jun 30 00:00:00 EDT 2018","value":"19290.0"},{"date":"Thu May 31 00:00:00 EDT 2018","value":"19307.0"},{"date":"Mon Apr 30 00:00:00 EDT 2018","value":"19346.0"},{"date":"Sat Mar 31 00:00:00 EDT 2018","value":"19233.0"},{"date":"Wed Feb 28 00:00:00 EST 2018","value":"19188.0"},{"date":"Wed Jan 31 00:00:00 EST 2018","value":"19193.0"},{"date":"Sun Dec 31 00:00:00 EST 2017","value":"18997.0"},{"date":"Thu Nov 30 00:00:00 EST 2017","value":"18913.0"},{"date":"Tue Oct 31 00:00:00 EDT 2017","value":"18916.0"},{"date":"Sat Sep 30 00:00:00 EDT 2017","value":"18790.0"},{"date":"Thu Aug 31 00:00:00 EDT 2017","value":"18687.0"},{"date":"Mon Jul 31 00:00:00 EDT 2017","value":"18711.0"},{"date":"Fri Jun 30 00:00:00 EDT 2017","value":"18563.0"},{"date":"Wed May 31 00:00:00 EDT 2017","value":"18590.0"},{"date":"Sun Apr 30 00:00:00 EDT 2017","value":"18509.0"},{"date":"Fri Mar 31 00:00:00 EDT 2017","value":"18408.0"},{"date":"Tue Feb 28 00:00:00 EST 2017","value":"18413.0"},{"date":"Tue Jan 31 00:00:00 EST 2017","value":"18276.0"},{"date":"Sat Dec 31 00:00:00 EST 2016","value":"18174.0"},{"date":"Wed Nov 30 00:00:00 EST 2016","value":"17891.0"},{"date":"Mon Oct 31 00:00:00 EDT 2016","value":"17855.0"},{"date":"Fri Sep 30 00:00:00 EDT 2016","value":"17649.0"},{"date":"Wed Aug 31 00:00:00 EDT 2016","value":"17463.0"},{"date":"Sun Jul 31 00:00:00 EDT 2016","value":"17295.0"},{"date":"Thu Jun 30 00:00:00 EDT 2016","value":"17047.0"},{"date":"Tue May 31 00:00:00 EDT 2016","value":"17087.0"},{"date":"Sat Apr 30 00:00:00 EDT 2016","value":"16962.0"},{"date":"Thu Mar 31 00:00:00 EDT 2016","value":"16556.0"},{"date":"Mon Feb 29 00:00:00 EST 2016","value":"16008.0"},{"date":"Sun Jan 31 00:00:00 EST 2016","value":"16088.0"},{"date":"Thu Dec 31 00:00:00 EST 2015","value":"16305.0"},{"date":"Mon Nov 30 00:00:00 EST 2015","value":"16540.0"},{"date":"Sat Oct 31 00:00:00 EDT 2015","value":"16738.0"},{"date":"Wed Sep 30 00:00:00 EDT 2015","value":"16731.0"},{"date":"Mon Aug 31 00:00:00 EDT 2015","value":"16850.0"},{"date":"Fri Jul 31 00:00:00 EDT 2015","value":"17043.0"},{"date":"Tue Jun 30 00:00:00 EDT 2015","value":"17078.0"},{"date":"Sun May 31 00:00:00 EDT 2015","value":"17174.0"},{"date":"Thu Apr 30 00:00:00 EDT 2015","value":"17152.0"},{"date":"Tue Mar 31 00:00:00 EDT 2015","value":"16956.0"},{"date":"Sat Feb 28 00:00:00 EST 2015","value":"16916.0"},{"date":"Sat Jan 31 00:00:00 EST 2015","value":"16605.0"},{"date":"Wed Dec 31 00:00:00 EST 2014","value":"16615.0"},{"date":"Sun Nov 30 00:00:00 EST 2014","value":"16939.0"},{"date":"Fri Oct 31 00:00:00 EDT 2014","value":"16894.0"},{"date":"Tue Sep 30 00:00:00 EDT 2014","value":"16838.0"},{"date":"Sun Aug 31 00:00:00 EDT 2014","value":"17003.0"},{"date":"Thu Jul 31 00:00:00 EDT 2014","value":"16945.0"},{"date":"Mon Jun 30 00:00:00 EDT 2014","value":"16982.0"},{"date":"Sat May 31 00:00:00 EDT 2014","value":"16890.0"},{"date":"Wed Apr 30 00:00:00 EDT 2014","value":"16779.0"},{"date":"Mon Mar 31 00:00:00 EDT 2014","value":"16780.0"},{"date":"Fri Feb 28 00:00:00 EST 2014","value":"16737.0"},{"date":"Fri Jan 31 00:00:00 EST 2014","value":"16704.0"},{"date":"Tue Dec 31 00:00:00 EST 2013","value":"16612.0"},{"date":"Sat Nov 30 00:00:00 EST 2013","value":"16535.0"},{"date":"Thu Oct 31 00:00:00 EDT 2013","value":"16463.0"},{"date":"Mon Sep 30 00:00:00 EDT 2013","value":"16316.0"},{"date":"Sat Aug 31 00:00:00 EDT 2013","value":"16273.0"},{"date":"Wed Jul 31 00:00:00 EDT 2013","value":"16306.0"},{"date":"Sun Jun 30 00:00:00 EDT 2013","value":"16101.0"},{"date":"Fri May 31 00:00:00 EDT 2013","value":"16226.0"},{"date":"Tue Apr 30 00:00:00 EDT 2013","value":"16227.0"},{"date":"Sun Mar 31 00:00:00 EDT 2013","value":"16127.0"},{"date":"Thu Feb 28 00:00:00 EST 2013","value":"15962.0"},{"date":"Thu Jan 31 00:00:00 EST 2013","value":"15939.0"},{"date":"Mon Dec 31 00:00:00 EST 2012","value":"15767.0"},{"date":"Fri Nov 30 00:00:00 EST 2012","value":"15666.0"},{"date":"Wed Oct 31 00:00:00 EDT 2012","value":"15627.0"},{"date":"Sun Sep 30 00:00:00 EDT 2012","value":"15561.0"},{"date":"Fri Aug 31 00:00:00 EDT 2012","value":"15371.0"},{"date":"Tue Jul 31 00:00:00 EDT 2012","value":"15226.0"},{"date":"Sat Jun 30 00:00:00 EDT 2012","value":"15109.0"},{"date":"Thu May 31 00:00:00 EDT 2012","value":"14978.0"},{"date":"Mon Apr 30 00:00:00 EDT 2012","value":"15116.0"},{"date":"Sat Mar 31 00:00:00 EDT 2012","value":"14999.0"},{"date":"Wed Feb 29 00:00:00 EST 2012","value":"14887.0"},{"date":"Tue Jan 31 00:00:00 EST 2012","value":"14726.0"},{"date":"Sat Dec 31 00:00:00 EST 2011","value":"14407.0"},{"date":"Wed Nov 30 00:00:00 EST 2011","value":"14298.0"},{"date":"Mon Oct 31 00:00:00 EDT 2011","value":"14370.0"},{"date":"Fri Sep 30 00:00:00 EDT 2011","value":"13891.0"},{"date":"Wed Aug 31 00:00:00 EDT 2011","value":"13837.0"},{"date":"Sun Jul 31 00:00:00 EDT 2011","value":"14530.0"},{"date":"Thu Jun 30 00:00:00 EDT 2011","value":"14469.0"},{"date":"Tue May 31 00:00:00 EDT 2011","value":"14540.0"},{"date":"Sat Apr 30 00:00:00 EDT 2011","value":"14561.0"},{"date":"Thu Mar 31 00:00:00 EDT 2011","value":"14458.0"},{"date":"Mon Feb 28 00:00:00 EST 2011","value":"14445.0"},{"date":"Mon Jan 31 00:00:00 EST 2011","value":"14404.0"},{"date":"Fri Dec 31 00:00:00 EST 2010","value":"14147.0"},{"date":"Tue Nov 30 00:00:00 EST 2010","value":"13976.0"},{"date":"Sun Oct 31 00:00:00 EDT 2010","value":"13930.0"},{"date":"Thu Sep 30 00:00:00 EDT 2010","value":"13712.0"},{"date":"Tue Aug 31 00:00:00 EDT 2010","value":"13525.0"},{"date":"Sat Jul 31 00:00:00 EDT 2010","value":"13442.0"},{"date":"Wed Jun 30 00:00:00 EDT 2010","value":"13180.0"},{"date":"Mon May 31 00:00:00 EDT 2010","value":"13211.0"},{"date":"Fri Apr 30 00:00:00 EDT 2010","value":"13559.0"},{"date":"Wed Mar 31 00:00:00 EDT 2010","value":"13363.0"},{"date":"Sun Feb 28 00:00:00 EST 2010","value":"13043.0"},{"date":"Sun Jan 31 00:00:00 EST 2010","value":"13000.0"},{"date":"Thu Dec 31 00:00:00 EST 2009","value":"12768.0"},{"date":"Mon Nov 30 00:00:00 EST 2009","value":"12444.0"},{"date":"Sat Oct 31 00:00:00 EDT 2009","value":"12411.0"},{"date":"Wed Sep 30 00:00:00 EDT 2009","value":"12300.0"},{"date":"Mon Aug 31 00:00:00 EDT 2009","value":"11972.0"},{"date":"Fri Jul 31 00:00:00 EDT 2009","value":"11750.0"},{"date":"Tue Jun 30 00:00:00 EDT 2009","value":"11375.0"},{"date":"Sun May 31 00:00:00 EDT 2009","value":"11030.0"},{"date":"Thu Apr 30 00:00:00 EDT 2009","value":"10573.0"},{"date":"Tue Mar 31 00:00:00 EDT 2009","value":"9801.0"},{"date":"Sat Feb 28 00:00:00 EST 2009","value":"9710.0"},{"date":"Sat Jan 31 00:00:00 EST 2009","value":"9489.0"},{"date":"Wed Dec 31 00:00:00 EST 2008","value":"8870.0"},{"date":"Sun Nov 30 00:00:00 EST 2008","value":"9314.0"},{"date":"Fri Oct 31 00:00:00 EDT 2008","value":"10000.0"}]

 
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 11/30/2018)
  • Overall
    infoIcon:
Calendar Year Returns (%)
Fund Benchmark
2017 4.53 4.12
2016 11.46 10.16
2015 -1.86 -0.69
2014 0.00 1.60
2013 5.34 5.29
2012 9.42 9.66
2011 1.84 1.52
2010 10.79 10.13
2009 43.96 51.62
2008 -30.29 -29.10

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 10/31/2018
Net Assets $4.1 billion
# of Holdings 370
# of Issuers 274
Turnover (9/30/2018) 61%
Dividend Frequency Monthly
Holdings Characteristics
(as of 10/31/2018)
Fund
Effective Duration 0.48 yrs
% in Bank Loans 89
Average Bank Loan Price $98.29
Yields
As of Date 11/30/2018
Distribution Yield at NAV 4.94%
Trailing 12 Month Yield 4.49%
30 Day SEC Yield 4.97%
Unsubsidized 30-Day SEC Yield 4.97%
Fund Essentials
Inception Date 04/29/2005
Symbol HFLIX
CUSIP 416649804
Fund Number 1308

Top Ten Issuers (%)

(as of 10/31/2018)
label percentageholding
Asurion LLC 1.57
TransDigm, Inc. 1.51
Sprint Communications, Inc. 1.48
Caesars Resort Collection LLC 1.44
First Data Corp. 1.43
Caesars Entertainment Operating Co. 1.37
Flex Acquisition Co., Inc. 1.31
Valeant Pharmaceuticals International, Inc. 1.15
Blitz F18-675 GmbH 1.06
Revlon Consumer Products Corp. 0.92
Total Portfolio % 13.24
(as of 9/30/2018)
label percentageholding
Asurion LLC 1.58
TransDigm, Inc. 1.52
Sprint Communications, Inc. 1.49
Caesars Resort Collection LLC 1.45
First Data Corp. 1.44
Caesars Entertainment Operating Co. 1.38
Flex Acquisition Co., Inc. 1.32
Coty, Inc. 1.17
Valeant Pharmaceuticals International, Inc. 1.16
Blitz F18-675 GmbH 1.09
Total Portfolio % 13.60

Credit Exposure (%)

(as of 10/31/2018)
label value
Aaa/AAA 0
Aa/AA 0
A 0
Baa/BBB 4
Ba/BB 35
B 53
Caa/CCC or lower 8
Not Rated 3
Cash & Cash Offsets -2
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 9/30/2018 Fund 10/31/2018 Benchmark 10/31/2018 UNDERWEIGHT / OVERWEIGHT -3 0 3
Financial Institutions 10 10 7
Overweight 100.0%
Other 8 8 5
Overweight 100.0%
Energy 6 6 3
Overweight 100.0%
Communications 16 16 15
Overweight 33.333333333333336%
Basic Industry 5 5 4
Overweight 33.333333333333336%
Transportation 3 3 2
Overweight 33.333333333333336%
Consumer Non-Cyclical 17 16 16
Overweight 0.0%
Capital Goods 8 8 9
Overweight 33.333333333333336%
Utilities 1 1 2
Overweight 33.333333333333336%
Consumer Cyclical 16 17 19
Overweight 66.66666666666667%
Cash, Cash Equivalents and Cash Offsets -2 -2 0
Overweight 66.66666666666667%
Technology 12 13 16
Overweight 100.0%

Insights

pdf

Being Active in Fixed Income 

Thu Nov 29 12:42:00 EST 2018
You shouldn’t simply go through the motions at the gym—or with your fixed-income portfolio.
pdf

Client Conversations: Duration Risk Is Rising: Are You Prepared? 

Fri Oct 26 15:13:00 EDT 2018
Rising interest rates may have a significant effect on fixed-income investments.
pdf

Shelter From the Storm 

Mon Oct 22 12:42:00 EDT 2018
A fixed-income forecast for a rising-rate world.

Literature

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pdf

Fact Sheet

09/30/2018 | pdf

This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.

View FINRA Letter

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Commentary

09/30/2018 | pdf

Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.

View FINRA Letter

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Expanded Commentary

09/30/2018 | pdf

Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.

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Summary Prospectus

03/01/2018 | pdf

A concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.

Pitchbook

09/30/2018 | pdf

This Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.

Semi Annual Report

04/30/2018 | pdf

A semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

Statutory Prospectus

03/01/2018 | pdf

An annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.

Annual Report

10/31/2017 | pdf

An annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.

Rethinking the Consensus Trade in Fixed Income

11/15/2018 | pdf

As we leave the Goldilocks phase of the economy, what will characerize the next phase of the global cycle?

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SAI

03/01/2018 | pdf

A supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.  

Important Risks: Investing involves risk, including the possible loss of principal. There is no guarantee a fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. • Investments in high-yield ("junk") bonds can have a greater risk of price volatility illiquidity, and default than higher-rated debt securities. • Loans can be difficult to value and highly illiquid; they are also subject to nonpayment, collateral, bankruptcy, default, extenstion, prepayment and insolvency risks. • Foreign investments may be more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments.
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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