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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 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 ---
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 9/30/2018)
[{"date":"Sun Sep 30 00:00:00 EDT 2018","value":"16682.0"},{"date":"Fri Aug 31 00:00:00 EDT 2018","value":"16581.0"},{"date":"Tue Jul 31 00:00:00 EDT 2018","value":"16516.0"},{"date":"Sat Jun 30 00:00:00 EDT 2018","value":"16358.0"},{"date":"Thu May 31 00:00:00 EDT 2018","value":"16372.0"},{"date":"Mon Apr 30 00:00:00 EDT 2018","value":"16405.0"},{"date":"Sat Mar 31 00:00:00 EDT 2018","value":"16310.0"},{"date":"Wed Feb 28 00:00:00 EST 2018","value":"16272.0"},{"date":"Wed Jan 31 00:00:00 EST 2018","value":"16276.0"},{"date":"Sun Dec 31 00:00:00 EST 2017","value":"16110.0"},{"date":"Thu Nov 30 00:00:00 EST 2017","value":"16038.0"},{"date":"Tue Oct 31 00:00:00 EDT 2017","value":"16041.0"},{"date":"Sat Sep 30 00:00:00 EDT 2017","value":"15934.0"},{"date":"Thu Aug 31 00:00:00 EDT 2017","value":"15847.0"},{"date":"Mon Jul 31 00:00:00 EDT 2017","value":"15867.0"},{"date":"Fri Jun 30 00:00:00 EDT 2017","value":"15742.0"},{"date":"Wed May 31 00:00:00 EDT 2017","value":"15765.0"},{"date":"Sun Apr 30 00:00:00 EDT 2017","value":"15695.0"},{"date":"Fri Mar 31 00:00:00 EDT 2017","value":"15610.0"},{"date":"Tue Feb 28 00:00:00 EST 2017","value":"15614.0"},{"date":"Tue Jan 31 00:00:00 EST 2017","value":"15498.0"},{"date":"Sat Dec 31 00:00:00 EST 2016","value":"15411.0"},{"date":"Wed Nov 30 00:00:00 EST 2016","value":"15172.0"},{"date":"Mon Oct 31 00:00:00 EDT 2016","value":"15141.0"},{"date":"Fri Sep 30 00:00:00 EDT 2016","value":"14967.0"},{"date":"Wed Aug 31 00:00:00 EDT 2016","value":"14808.0"},{"date":"Sun Jul 31 00:00:00 EDT 2016","value":"14666.0"},{"date":"Thu Jun 30 00:00:00 EDT 2016","value":"14455.0"},{"date":"Tue May 31 00:00:00 EDT 2016","value":"14489.0"},{"date":"Sat Apr 30 00:00:00 EDT 2016","value":"14383.0"},{"date":"Thu Mar 31 00:00:00 EDT 2016","value":"14040.0"},{"date":"Mon Feb 29 00:00:00 EST 2016","value":"13575.0"},{"date":"Sun Jan 31 00:00:00 EST 2016","value":"13642.0"},{"date":"Thu Dec 31 00:00:00 EST 2015","value":"13827.0"},{"date":"Mon Nov 30 00:00:00 EST 2015","value":"14026.0"},{"date":"Sat Oct 31 00:00:00 EDT 2015","value":"14194.0"},{"date":"Wed Sep 30 00:00:00 EDT 2015","value":"14188.0"},{"date":"Mon Aug 31 00:00:00 EDT 2015","value":"14288.0"},{"date":"Fri Jul 31 00:00:00 EDT 2015","value":"14452.0"},{"date":"Tue Jun 30 00:00:00 EDT 2015","value":"14482.0"},{"date":"Sun May 31 00:00:00 EDT 2015","value":"14564.0"},{"date":"Thu Apr 30 00:00:00 EDT 2015","value":"14545.0"},{"date":"Tue Mar 31 00:00:00 EDT 2015","value":"14378.0"},{"date":"Sat Feb 28 00:00:00 EST 2015","value":"14344.0"},{"date":"Sat Jan 31 00:00:00 EST 2015","value":"14081.0"},{"date":"Wed Dec 31 00:00:00 EST 2014","value":"14089.0"},{"date":"Sun Nov 30 00:00:00 EST 2014","value":"14364.0"},{"date":"Fri Oct 31 00:00:00 EDT 2014","value":"14326.0"},{"date":"Tue Sep 30 00:00:00 EDT 2014","value":"14278.0"},{"date":"Sun Aug 31 00:00:00 EDT 2014","value":"14418.0"},{"date":"Thu Jul 31 00:00:00 EDT 2014","value":"14370.0"},{"date":"Mon Jun 30 00:00:00 EDT 2014","value":"14401.0"},{"date":"Sat May 31 00:00:00 EDT 2014","value":"14322.0"},{"date":"Wed Apr 30 00:00:00 EDT 2014","value":"14229.0"},{"date":"Mon Mar 31 00:00:00 EDT 2014","value":"14230.0"},{"date":"Fri Feb 28 00:00:00 EST 2014","value":"14193.0"},{"date":"Fri Jan 31 00:00:00 EST 2014","value":"14165.0"},{"date":"Tue Dec 31 00:00:00 EST 2013","value":"14087.0"},{"date":"Sat Nov 30 00:00:00 EST 2013","value":"14022.0"},{"date":"Thu Oct 31 00:00:00 EDT 2013","value":"13961.0"},{"date":"Mon Sep 30 00:00:00 EDT 2013","value":"13836.0"},{"date":"Sat Aug 31 00:00:00 EDT 2013","value":"13800.0"},{"date":"Wed Jul 31 00:00:00 EDT 2013","value":"13828.0"},{"date":"Sun Jun 30 00:00:00 EDT 2013","value":"13654.0"},{"date":"Fri May 31 00:00:00 EDT 2013","value":"13759.0"},{"date":"Tue Apr 30 00:00:00 EDT 2013","value":"13761.0"},{"date":"Sun Mar 31 00:00:00 EDT 2013","value":"13676.0"},{"date":"Thu Feb 28 00:00:00 EST 2013","value":"13536.0"},{"date":"Thu Jan 31 00:00:00 EST 2013","value":"13516.0"},{"date":"Mon Dec 31 00:00:00 EST 2012","value":"13371.0"},{"date":"Fri Nov 30 00:00:00 EST 2012","value":"13285.0"},{"date":"Wed Oct 31 00:00:00 EDT 2012","value":"13251.0"},{"date":"Sun Sep 30 00:00:00 EDT 2012","value":"13196.0"},{"date":"Fri Aug 31 00:00:00 EDT 2012","value":"13035.0"},{"date":"Tue Jul 31 00:00:00 EDT 2012","value":"12912.0"},{"date":"Sat Jun 30 00:00:00 EDT 2012","value":"12813.0"},{"date":"Thu May 31 00:00:00 EDT 2012","value":"12702.0"},{"date":"Mon Apr 30 00:00:00 EDT 2012","value":"12818.0"},{"date":"Sat Mar 31 00:00:00 EDT 2012","value":"12719.0"},{"date":"Wed Feb 29 00:00:00 EST 2012","value":"12624.0"},{"date":"Tue Jan 31 00:00:00 EST 2012","value":"12488.0"},{"date":"Sat Dec 31 00:00:00 EST 2011","value":"12217.0"},{"date":"Wed Nov 30 00:00:00 EST 2011","value":"12125.0"},{"date":"Mon Oct 31 00:00:00 EDT 2011","value":"12186.0"},{"date":"Fri Sep 30 00:00:00 EDT 2011","value":"11779.0"},{"date":"Wed Aug 31 00:00:00 EDT 2011","value":"11733.0"},{"date":"Sun Jul 31 00:00:00 EDT 2011","value":"12322.0"},{"date":"Thu Jun 30 00:00:00 EDT 2011","value":"12270.0"},{"date":"Tue May 31 00:00:00 EDT 2011","value":"12330.0"},{"date":"Sat Apr 30 00:00:00 EDT 2011","value":"12348.0"},{"date":"Thu Mar 31 00:00:00 EDT 2011","value":"12261.0"},{"date":"Mon Feb 28 00:00:00 EST 2011","value":"12249.0"},{"date":"Mon Jan 31 00:00:00 EST 2011","value":"12215.0"},{"date":"Fri Dec 31 00:00:00 EST 2010","value":"11996.0"},{"date":"Tue Nov 30 00:00:00 EST 2010","value":"11851.0"},{"date":"Sun Oct 31 00:00:00 EDT 2010","value":"11813.0"},{"date":"Thu Sep 30 00:00:00 EDT 2010","value":"11628.0"},{"date":"Tue Aug 31 00:00:00 EDT 2010","value":"11469.0"},{"date":"Sat Jul 31 00:00:00 EDT 2010","value":"11399.0"},{"date":"Wed Jun 30 00:00:00 EDT 2010","value":"11177.0"},{"date":"Mon May 31 00:00:00 EDT 2010","value":"11203.0"},{"date":"Fri Apr 30 00:00:00 EDT 2010","value":"11498.0"},{"date":"Wed Mar 31 00:00:00 EDT 2010","value":"11332.0"},{"date":"Sun Feb 28 00:00:00 EST 2010","value":"11060.0"},{"date":"Sun Jan 31 00:00:00 EST 2010","value":"11024.0"},{"date":"Thu Dec 31 00:00:00 EST 2009","value":"10827.0"},{"date":"Mon Nov 30 00:00:00 EST 2009","value":"10552.0"},{"date":"Sat Oct 31 00:00:00 EDT 2009","value":"10525.0"},{"date":"Wed Sep 30 00:00:00 EDT 2009","value":"10430.0"},{"date":"Mon Aug 31 00:00:00 EDT 2009","value":"10152.0"},{"date":"Fri Jul 31 00:00:00 EDT 2009","value":"9964.0"},{"date":"Tue Jun 30 00:00:00 EDT 2009","value":"9646.0"},{"date":"Sun May 31 00:00:00 EDT 2009","value":"9353.0"},{"date":"Thu Apr 30 00:00:00 EDT 2009","value":"8966.0"},{"date":"Tue Mar 31 00:00:00 EDT 2009","value":"8311.0"},{"date":"Sat Feb 28 00:00:00 EST 2009","value":"8234.0"},{"date":"Sat Jan 31 00:00:00 EST 2009","value":"8047.0"},{"date":"Wed Dec 31 00:00:00 EST 2008","value":"7522.0"},{"date":"Sun Nov 30 00:00:00 EST 2008","value":"7899.0"},{"date":"Fri Oct 31 00:00:00 EDT 2008","value":"8480.0"},{"date":"Tue Sep 30 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 9/30/2018)
  • 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 9/30/2018
Net Assets $4.1 billion
# of Holdings 363
# of Issuers 268
Turnover (9/30/2018) 61%
Dividend Frequency Monthly
Holdings Characteristics
(as of 9/30/2018)
Fund
Effective Duration 0.46 yrs
% in Bank Loans 90
Average Bank Loan Price $98.69
Yields
As of Date 9/30/2018
Distribution Yield at NAV 4.59%
Trailing 12 Month Yield 4.26%
30 Day SEC Yield 4.62%
Unsubsidized 30-Day SEC Yield 4.62%
Fund Essentials
Inception Date 04/29/2005
Symbol HFLIX
CUSIP 416649804
Fund Number 1308

Top Ten Issuers (%)

(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
(as of 6/30/2018)
label percentageholding
TransDigm, Inc. 1.53
Sprint Communications, Inc. 1.50
First Data Corp. 1.50
Caesars Entertainment Operating Co. 1.49
Caesars Resort Collection LLC 1.46
Sinclair Television Group, Inc. 1.41
Valeant Pharmaceuticals International, Inc. 1.20
Level 3 Financing, Inc. 1.09
Sedgwick Claims Management Services, Inc. 1.09
Revlon Consumer Products Corp. 0.96
Total Portfolio % 13.23

Credit Exposure (%)

(as of 9/30/2018)
label value
Aaa/AAA 0
Aa/AA 0
A 0
Baa/BBB 3
Ba/BB 35
B 51
Caa/CCC or lower 9
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 6/30/2018 Fund 9/30/2018 Benchmark 9/30/2018 UNDERWEIGHT / OVERWEIGHT -4 0 4
Financial Institutions 11 10 7
Overweight 75.0%
Other 7 8 5
Overweight 75.0%
Energy 6 6 3
Overweight 75.0%
Consumer Non-Cyclical 19 17 16
Overweight 25.0%
Communications 18 16 15
Overweight 25.0%
Basic Industry 5 5 4
Overweight 25.0%
Transportation 2 3 2
Overweight 25.0%
Utilities 2 1 2
Overweight 25.0%
Capital Goods 9 8 10
Overweight 50.0%
Cash, Cash Equivalents and Cash Offsets -6 -2 0
Overweight 50.0%
Consumer Cyclical 16 16 19
Overweight 75.0%
Technology 12 12 16
Overweight 100.0%

Insights

pdf

Client Conversations: Managing Risk in Your Fixed-Income Portfolio 

Wed Sep 05 15:13:00 EDT 2018
Changes in the economy and interest rates can have a big impact on your fixed-income portfolio.
pdf

Are Leveraged Loans Becoming Less Safe?  

Thu Aug 23 09:30:00 EDT 2018
While many claim that the future of bank loans is bleak, we caution investors against extrapolating higher default rates for bank loans.
pdf

Being Active in Fixed Income 

Tue Aug 21 12:42:00 EDT 2018
You shouldn’t simply go through the motions at the gym—or with your fixed-income portfolio.

Literature

Fund Literature

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Fact Sheet

06/30/2018 | pdf
Get FINRA Letter

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Fund Story

09/30/2018 | pdf
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Commentary

06/30/2018 | pdf
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Expanded Commentary

06/30/2018 | pdf

Max 100

Summary Prospectus

03/01/2018 | pdf

Available For
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Pitchbook

06/30/2018 | pdf

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Semi Annual Report

04/30/2018 | pdf

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Statutory Prospectus

03/01/2018 | pdf

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Annual Report

10/31/2017 | pdf

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SAI

03/01/2018 | pdf

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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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