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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 10/31/2020)
Average Annual Total Returns % (as of 10/31/2020)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate  I -2.23 -0.14 1.94 3.66 3.70 3.76
Benchmark -0.46 1.72 2.97 4.09 4.12 ---
Morningstar Bank Loan Category -2.21 -0.26 1.67 2.91 3.15 ---
Performance (%)
% (as of 9/30/2020)
Average Annual Total Returns % (as of 9/30/2020)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate  I -1.91 -0.16 2.27 3.74 3.90 3.80
Benchmark -0.66 1.06 3.10 4.01 4.26 ---
Morningstar Bank Loan Category -2.23 -0.75 1.85 2.93 3.30 ---
SI = Since Inception. Fund Inception: 04/29/2005
Operating Expenses:   Net  0.72% |  Gross  0.72%
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 10/31/2020)
[{"date":"Sat Oct 31 00:00:00 EDT 2020","value":"14383.0"},{"date":"Wed Sep 30 00:00:00 EDT 2020","value":"14430.0"},{"date":"Mon Aug 31 00:00:00 EDT 2020","value":"14388.0"},{"date":"Fri Jul 31 00:00:00 EDT 2020","value":"14132.0"},{"date":"Tue Jun 30 00:00:00 EDT 2020","value":"13929.0"},{"date":"Sun May 31 00:00:00 EDT 2020","value":"13854.0"},{"date":"Thu Apr 30 00:00:00 EDT 2020","value":"13249.0"},{"date":"Tue Mar 31 00:00:00 EDT 2020","value":"12680.0"},{"date":"Sat Feb 29 00:00:00 EST 2020","value":"14514.0"},{"date":"Fri Jan 31 00:00:00 EST 2020","value":"14764.0"},{"date":"Tue Dec 31 00:00:00 EST 2019","value":"14712.0"},{"date":"Sat Nov 30 00:00:00 EST 2019","value":"14488.0"},{"date":"Thu Oct 31 00:00:00 EDT 2019","value":"14404.0"},{"date":"Mon Sep 30 00:00:00 EDT 2019","value":"14454.0"},{"date":"Sat Aug 31 00:00:00 EDT 2019","value":"14367.0"},{"date":"Wed Jul 31 00:00:00 EDT 2019","value":"14397.0"},{"date":"Sun Jun 30 00:00:00 EDT 2019","value":"14290.0"},{"date":"Fri May 31 00:00:00 EDT 2019","value":"14250.0"},{"date":"Tue Apr 30 00:00:00 EDT 2019","value":"14342.0"},{"date":"Sun Mar 31 00:00:00 EDT 2019","value":"14101.0"},{"date":"Thu Feb 28 00:00:00 EST 2019","value":"14143.0"},{"date":"Thu Jan 31 00:00:00 EST 2019","value":"13923.0"},{"date":"Mon Dec 31 00:00:00 EST 2018","value":"13549.0"},{"date":"Fri Nov 30 00:00:00 EST 2018","value":"13928.0"},{"date":"Wed Oct 31 00:00:00 EDT 2018","value":"14082.0"},{"date":"Sun Sep 30 00:00:00 EDT 2018","value":"14122.0"},{"date":"Fri Aug 31 00:00:00 EDT 2018","value":"14037.0"},{"date":"Tue Jul 31 00:00:00 EDT 2018","value":"13981.0"},{"date":"Sat Jun 30 00:00:00 EDT 2018","value":"13848.0"},{"date":"Thu May 31 00:00:00 EDT 2018","value":"13860.0"},{"date":"Mon Apr 30 00:00:00 EDT 2018","value":"13888.0"},{"date":"Sat Mar 31 00:00:00 EDT 2018","value":"13807.0"},{"date":"Wed Feb 28 00:00:00 EST 2018","value":"13775.0"},{"date":"Wed Jan 31 00:00:00 EST 2018","value":"13778.0"},{"date":"Sun Dec 31 00:00:00 EST 2017","value":"13637.0"},{"date":"Thu Nov 30 00:00:00 EST 2017","value":"13577.0"},{"date":"Tue Oct 31 00:00:00 EDT 2017","value":"13579.0"},{"date":"Sat Sep 30 00:00:00 EDT 2017","value":"13489.0"},{"date":"Thu Aug 31 00:00:00 EDT 2017","value":"13415.0"},{"date":"Mon Jul 31 00:00:00 EDT 2017","value":"13432.0"},{"date":"Fri Jun 30 00:00:00 EDT 2017","value":"13326.0"},{"date":"Wed May 31 00:00:00 EDT 2017","value":"13345.0"},{"date":"Sun Apr 30 00:00:00 EDT 2017","value":"13287.0"},{"date":"Fri Mar 31 00:00:00 EDT 2017","value":"13215.0"},{"date":"Tue Feb 28 00:00:00 EST 2017","value":"13218.0"},{"date":"Tue Jan 31 00:00:00 EST 2017","value":"13120.0"},{"date":"Sat Dec 31 00:00:00 EST 2016","value":"13046.0"},{"date":"Wed Nov 30 00:00:00 EST 2016","value":"12844.0"},{"date":"Mon Oct 31 00:00:00 EDT 2016","value":"12817.0"},{"date":"Fri Sep 30 00:00:00 EDT 2016","value":"12670.0"},{"date":"Wed Aug 31 00:00:00 EDT 2016","value":"12536.0"},{"date":"Sun Jul 31 00:00:00 EDT 2016","value":"12416.0"},{"date":"Thu Jun 30 00:00:00 EDT 2016","value":"12237.0"},{"date":"Tue May 31 00:00:00 EDT 2016","value":"12266.0"},{"date":"Sat Apr 30 00:00:00 EDT 2016","value":"12176.0"},{"date":"Thu Mar 31 00:00:00 EDT 2016","value":"11885.0"},{"date":"Mon Feb 29 00:00:00 EST 2016","value":"11491.0"},{"date":"Sun Jan 31 00:00:00 EST 2016","value":"11549.0"},{"date":"Thu Dec 31 00:00:00 EST 2015","value":"11705.0"},{"date":"Mon Nov 30 00:00:00 EST 2015","value":"11874.0"},{"date":"Sat Oct 31 00:00:00 EDT 2015","value":"12016.0"},{"date":"Wed Sep 30 00:00:00 EDT 2015","value":"12010.0"},{"date":"Mon Aug 31 00:00:00 EDT 2015","value":"12096.0"},{"date":"Fri Jul 31 00:00:00 EDT 2015","value":"12234.0"},{"date":"Tue Jun 30 00:00:00 EDT 2015","value":"12260.0"},{"date":"Sun May 31 00:00:00 EDT 2015","value":"12329.0"},{"date":"Thu Apr 30 00:00:00 EDT 2015","value":"12313.0"},{"date":"Tue Mar 31 00:00:00 EDT 2015","value":"12172.0"},{"date":"Sat Feb 28 00:00:00 EST 2015","value":"12143.0"},{"date":"Sat Jan 31 00:00:00 EST 2015","value":"11920.0"},{"date":"Wed Dec 31 00:00:00 EST 2014","value":"11927.0"},{"date":"Sun Nov 30 00:00:00 EST 2014","value":"12160.0"},{"date":"Fri Oct 31 00:00:00 EDT 2014","value":"12128.0"},{"date":"Tue Sep 30 00:00:00 EDT 2014","value":"12087.0"},{"date":"Sun Aug 31 00:00:00 EDT 2014","value":"12206.0"},{"date":"Thu Jul 31 00:00:00 EDT 2014","value":"12164.0"},{"date":"Mon Jun 30 00:00:00 EDT 2014","value":"12191.0"},{"date":"Sat May 31 00:00:00 EDT 2014","value":"12124.0"},{"date":"Wed Apr 30 00:00:00 EDT 2014","value":"12045.0"},{"date":"Mon Mar 31 00:00:00 EDT 2014","value":"12046.0"},{"date":"Fri Feb 28 00:00:00 EST 2014","value":"12015.0"},{"date":"Fri Jan 31 00:00:00 EST 2014","value":"11991.0"},{"date":"Tue Dec 31 00:00:00 EST 2013","value":"11925.0"},{"date":"Sat Nov 30 00:00:00 EST 2013","value":"11870.0"},{"date":"Thu Oct 31 00:00:00 EDT 2013","value":"11818.0"},{"date":"Mon Sep 30 00:00:00 EDT 2013","value":"11713.0"},{"date":"Sat Aug 31 00:00:00 EDT 2013","value":"11682.0"},{"date":"Wed Jul 31 00:00:00 EDT 2013","value":"11706.0"},{"date":"Sun Jun 30 00:00:00 EDT 2013","value":"11559.0"},{"date":"Fri May 31 00:00:00 EDT 2013","value":"11648.0"},{"date":"Tue Apr 30 00:00:00 EDT 2013","value":"11649.0"},{"date":"Sun Mar 31 00:00:00 EDT 2013","value":"11577.0"},{"date":"Thu Feb 28 00:00:00 EST 2013","value":"11459.0"},{"date":"Thu Jan 31 00:00:00 EST 2013","value":"11442.0"},{"date":"Mon Dec 31 00:00:00 EST 2012","value":"11319.0"},{"date":"Fri Nov 30 00:00:00 EST 2012","value":"11246.0"},{"date":"Wed Oct 31 00:00:00 EDT 2012","value":"11218.0"},{"date":"Sun Sep 30 00:00:00 EDT 2012","value":"11171.0"},{"date":"Fri Aug 31 00:00:00 EDT 2012","value":"11034.0"},{"date":"Tue Jul 31 00:00:00 EDT 2012","value":"10931.0"},{"date":"Sat Jun 30 00:00:00 EDT 2012","value":"10846.0"},{"date":"Thu May 31 00:00:00 EDT 2012","value":"10752.0"},{"date":"Mon Apr 30 00:00:00 EDT 2012","value":"10851.0"},{"date":"Sat Mar 31 00:00:00 EDT 2012","value":"10767.0"},{"date":"Wed Feb 29 00:00:00 EST 2012","value":"10687.0"},{"date":"Tue Jan 31 00:00:00 EST 2012","value":"10571.0"},{"date":"Sat Dec 31 00:00:00 EST 2011","value":"10342.0"},{"date":"Wed Nov 30 00:00:00 EST 2011","value":"10264.0"},{"date":"Mon Oct 31 00:00:00 EDT 2011","value":"10316.0"},{"date":"Fri Sep 30 00:00:00 EDT 2011","value":"9971.0"},{"date":"Wed Aug 31 00:00:00 EDT 2011","value":"9933.0"},{"date":"Sun Jul 31 00:00:00 EDT 2011","value":"10431.0"},{"date":"Thu Jun 30 00:00:00 EDT 2011","value":"10387.0"},{"date":"Tue May 31 00:00:00 EDT 2011","value":"10437.0"},{"date":"Sat Apr 30 00:00:00 EDT 2011","value":"10453.0"},{"date":"Thu Mar 31 00:00:00 EDT 2011","value":"10379.0"},{"date":"Mon Feb 28 00:00:00 EST 2011","value":"10369.0"},{"date":"Mon Jan 31 00:00:00 EST 2011","value":"10340.0"},{"date":"Fri Dec 31 00:00:00 EST 2010","value":"10155.0"},{"date":"Tue Nov 30 00:00:00 EST 2010","value":"10033.0"},{"date":"Sun Oct 31 00:00:00 EDT 2010","value":"10000.0"}]

 
Growth of $10,000
I-Share Morningstar Ratings
(as of 10/31/2020)
  • Overall
    infoIcon:
    Overall, 4 stars, 3-Year, 3 stars, 5-Year, 4 stars, and 10-Year, 4 stars, rated against 228, 228, 202 and 95 products, respectively. Morningstar RatingTM is calculated for products with at least a 3-year history, based on a risk-adjusted return measure (excluding any applicable sale charges) and accounts for variations in a product's monthly performance. 5 stars are assigned to the top 10%; 4 stars to the next 22.5%, 3 stars to the next 35%, 2 stars to the next 22.5% and 1 star to the bottom 10%. ETFs and mutual funds are considered a single population. The Overall Rating is derived from a weighted average of the performance figures associated with its 3-, 5-, and 10-year (if applicable) Morningstar Rating metrics. For more information about these ratings, including their methodology, please go to global.morningstar.com/managerdisclosures. Ratings for other share classes may vary and are subject to change monthly. Past performance is no guarantee of future performance.
    ©2020 Morningstar, Inc. All rights reserved. The information contained herein: (1) is proprietary to Morningstar and/ or its content providers; (2) may not be copied or distributed; and (3) is not warranted to be accurate, complete or timely. Neither Morningstar nor its content providers are responsible for any damages or losses arising from any use of this information.
    infoIcon:
  • 228 Products | Bank Loan Category
Based on Risk-Adjusted Returns
Calendar Year Returns (%)
Fund Benchmark
2019 8.58 8.64
2018 -0.65 0.44
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

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

CharacteristicsAllocations, exposures and holdings are subject to change. Percentages may be rounded.

Allocations, exposures and holdings are subject to change. Percentages may be rounded.
Statistics
As of Date 10/31/2020
Net Assets $1.8 billion
# of Holdings 291
# of Issuers 207
Turnover (9/30/2020) 85%
Dividend Frequency Monthly
Holdings Characteristics
(as of 10/31/2020)
Fund
Effective Duration 0.32 yrs
% in Bank Loans 88
Average Bank Loan Price $92.96
Yields
As of Date 10/31/2020
Distribution Yield at NAV 3.54%
30 Day SEC Yield 3.51%
Unsubsidized 30-Day SEC Yield 3.51%
Fund Essentials
Inception Date 04/29/2005
Symbol HFLIX
CUSIP 416649804
Fund Number 1308

Top Ten Issuers (%)

(as of 10/31/2020)
label percentageholding
Asurion LLC 1.89
Nets Holding A/S 1.85
UPC Broadband Holding B.V. 1.74
DCert Buyer, Inc. 1.72
Froneri International Ltd. 1.72
APX Group, Inc. 1.67
Acrisure LLC 1.63
Blackhawk Network Holdings, Inc. 1.52
PetSmart, Inc. 1.39
Dun & Bradstreet Corp. 1.38
Total Portfolio % 16.51
(as of 9/30/2020)
label percentageholding
Nets Holding A/S 1.87
Asurion LLC 1.75
Acrisure LLC 1.66
UPC Broadband Holding B.V. 1.66
APX Group, Inc. 1.65
DCert Buyer, Inc. 1.65
Froneri International Ltd. 1.65
Dun & Bradstreet Corp. 1.55
Blackhawk Network Holdings, Inc. 1.46
Coty, Inc. 1.36
Total Portfolio % 16.26

Credit Exposure (%)

(as of 10/31/2020)
label value
Aaa/AAA 0
Aa/AA 0
A 0
Baa/BBB 4
Ba/BB 21
B 69
Caa/CCC or lower 4
Not Rated 3
Cash & Cash Offsets 0
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 9/30/2020 Fund 10/31/2020 Benchmark 10/31/2020 UNDERWEIGHT / OVERWEIGHT -4 0 4
Communications 18 18 14
Overweight 100.0%
Energy 6 5 2
Overweight 75.0%
Consumer Cyclical 21 22 20
Overweight 50.0%
Consumer Non-Cyclical 19 17 15
Overweight 50.0%
Financial Institutions 7 7 7
Overweight 0.0%
Other 7 7 7
Overweight 0.0%
Cash, Cash Equivalents and Cash Offsets -2 0 0
Overweight 0.0%
Technology 16 15 16
Overweight 25.0%
Transportation 1 1 3
Overweight 50.0%
Utilities 0 0 2
Overweight 50.0%
Basic Industry 0 1 4
Overweight 75.0%
Capital Goods 6 6 10
Overweight 100.0%

Insights

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11/16/2020
Collected insights on the impact of coronavirus.
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Are You Prepared For Duration Risk? 

10/30/2020
Changing interest rates may have a significant effect on fixed-income investments.
pdf

How to Build a Better Fixed-Income Allocation 

05/15/2020
We explore how investors can seek to make their fixed-income allocation more effective, while still keeping it simple.

Literature

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Fact Sheet

09/30/2020 | pdf

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

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Fund Story

09/30/2020 | pdf

This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.

Commentary

09/30/2020 | 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

09/30/2020 | 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

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

Wellington Fixed Income Overview

09/30/2020 | pdf

This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities

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Floating Rate Fund Pitchbook

09/30/2020 | pdf

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

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Semi Annual Report

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

Statutory Prospectus

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

Annual Report

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

SAI

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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. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. • Loans can be difficult to value and less liquid than other types of debt instruments; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. • Fixed income security risks include credit, liquidity, call, duration, event and interest-rate risk. As interest rates rise, bond prices generally fall. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • Derivatives are generally more volatile and sensitive to changes in market or economic conditions than other securities; their risks include currency, leverage, liquidity, index, pricing, and counterparty risk. • 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.
The Fund should not be considered an alternative to CDs or money market funds. This Fund is intended for investors who are looking to complement their traditional fixed-income investments.

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