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Hartford Floating Rate Fund

Hartford Floating Rate Fund

Explore Another ETFs

  • 8.77NAV (as of 4/23/2018)
  • +0.00 (+0.00%) NAV Change
  • Bank LoanMorningstar Category
  • Loan Participation FundsLipper Classification

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 3/31/2018)
Average Annual Total Returns % (as of 3/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate  I 1.24 4.48 4.29 3.59 4.84 4.19
Benchmark 1.45 4.43 4.20 3.89 5.62 ---
Morningstar Bank Loan Category 1.10 3.58 3.43 3.21 4.36 ---
Performance (%)
% (as of 3/31/2018)
Average Annual Total Returns % (as of 3/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate  I 1.24 4.48 4.29 3.59 4.84 4.19
Benchmark 1.45 4.43 4.20 3.89 5.62 ---
Morningstar Bank Loan Category 1.10 3.58 3.43 3.21 4.36 ---
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

(as of 3/31/2018)
[{"date":"2018/03/31","value":"15620"},{"date":"2018/02/28","value":"15587"},{"date":"2018/01/31","value":"15594"},{"date":"2017/12/31","value":"15438"},{"date":"2017/11/30","value":"15373"},{"date":"2017/10/31","value":"15379"},{"date":"2017/09/30","value":"15280"},{"date":"2017/08/31","value":"15200"},{"date":"2017/07/31","value":"15223"},{"date":"2017/06/30","value":"15105"},{"date":"2017/05/31","value":"15131"},{"date":"2017/04/30","value":"15068"},{"date":"2017/03/31","value":"14989"},{"date":"2017/02/28","value":"14997"},{"date":"2017/01/31","value":"14888"},{"date":"2016/12/31","value":"14808"},{"date":"2016/11/30","value":"14581"},{"date":"2016/10/31","value":"14555"},{"date":"2016/09/30","value":"14391"},{"date":"2016/08/31","value":"14242"},{"date":"2016/07/31","value":"14108"},{"date":"2016/06/30","value":"13909"},{"date":"2016/05/31","value":"13944"},{"date":"2016/04/30","value":"13845"},{"date":"2016/03/31","value":"13517"},{"date":"2016/02/29","value":"13072"},{"date":"2016/01/31","value":"13140"},{"date":"2015/12/31","value":"13321"},{"date":"2015/11/30","value":"13516"},{"date":"2015/10/31","value":"13681"},{"date":"2015/09/30","value":"13682"},{"date":"2015/08/31","value":"13782"},{"date":"2015/07/31","value":"13943"},{"date":"2015/06/30","value":"13975"},{"date":"2015/05/31","value":"14056"},{"date":"2015/04/30","value":"14041"},{"date":"2015/03/31","value":"13883"},{"date":"2015/02/28","value":"13852"},{"date":"2015/01/31","value":"13600"},{"date":"2014/12/31","value":"13612"},{"date":"2014/11/30","value":"13881"},{"date":"2014/10/31","value":"13847"},{"date":"2014/09/30","value":"13804"},{"date":"2014/08/31","value":"13943"},{"date":"2014/07/31","value":"13899"},{"date":"2014/06/30","value":"13932"},{"date":"2014/05/31","value":"13859"},{"date":"2014/04/30","value":"13771"},{"date":"2014/03/31","value":"13775"},{"date":"2014/02/28","value":"13728"},{"date":"2014/01/31","value":"13719"},{"date":"2013/12/31","value":"13646"},{"date":"2013/11/30","value":"13586"},{"date":"2013/10/31","value":"13530"},{"date":"2013/09/30","value":"13412"},{"date":"2013/08/31","value":"13380"},{"date":"2013/07/31","value":"13410"},{"date":"2013/06/30","value":"13244"},{"date":"2013/05/31","value":"13349"},{"date":"2013/04/30","value":"13353"},{"date":"2013/03/31","value":"13274"},{"date":"2013/02/28","value":"13141"},{"date":"2013/01/31","value":"13124"},{"date":"2012/12/31","value":"12986"},{"date":"2012/11/30","value":"12905"},{"date":"2012/10/31","value":"12875"},{"date":"2012/09/30","value":"12824"},{"date":"2012/08/31","value":"12670"},{"date":"2012/07/31","value":"12567"},{"date":"2012/06/30","value":"12459"},{"date":"2012/05/31","value":"12354"},{"date":"2012/04/30","value":"12484"},{"date":"2012/03/31","value":"12376"},{"date":"2012/02/29","value":"12286"},{"date":"2012/01/31","value":"12155"},{"date":"2011/12/31","value":"11894"},{"date":"2011/11/30","value":"11806"},{"date":"2011/10/31","value":"11868"},{"date":"2011/09/30","value":"11474"},{"date":"2011/08/31","value":"11446"},{"date":"2011/07/31","value":"12009"},{"date":"2011/06/30","value":"11974"},{"date":"2011/05/31","value":"12035"},{"date":"2011/04/30","value":"12042"},{"date":"2011/03/31","value":"11959"},{"date":"2011/02/28","value":"11950"},{"date":"2011/01/31","value":"11919"},{"date":"2010/12/31","value":"11708"},{"date":"2010/11/30","value":"11581"},{"date":"2010/10/31","value":"11533"},{"date":"2010/09/30","value":"11355"},{"date":"2010/08/31","value":"11202"},{"date":"2010/07/31","value":"11148"},{"date":"2010/06/30","value":"10920"},{"date":"2010/05/31","value":"10948"},{"date":"2010/04/30","value":"11239"},{"date":"2010/03/31","value":"11078"},{"date":"2010/02/28","value":"10827"},{"date":"2010/01/31","value":"10781"},{"date":"2009/12/31","value":"10603"},{"date":"2009/11/30","value":"10335"},{"date":"2009/10/31","value":"10298"},{"date":"2009/09/30","value":"10208"},{"date":"2009/08/31","value":"9950"},{"date":"2009/07/31","value":"9755"},{"date":"2009/06/30","value":"9458"},{"date":"2009/05/31","value":"9172"},{"date":"2009/04/30","value":"8795"},{"date":"2009/03/31","value":"8154"},{"date":"2009/02/28","value":"8080"},{"date":"2009/01/31","value":"7898"},{"date":"2008/12/31","value":"7384"},{"date":"2008/11/30","value":"7755"},{"date":"2008/10/31","value":"8327"},{"date":"2008/09/30","value":"9810"},{"date":"2008/08/31","value":"10355"},{"date":"2008/07/31","value":"10371"},{"date":"2008/06/30","value":"10476"},{"date":"2008/05/31","value":"10474"},{"date":"2008/04/30","value":"10351"},{"date":"2008/03/31","value":"10000"}]

 
Growth of $10,000

Reflects Class A, excluding sales charges. If sales charges and taxes had been included, the value would have been lower. Results for other classes will vary.

I-Share Morningstar Ratings
(as of 3/31/2018)
  • Overall
    infoIcon:
  • Overall Morningstar Rating for Floating Rate Fund, Class I, as of 3/31/2018 out of 206 products in the Bank Loan Category Based on Risk-Adjusted Returns
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 3/31/2018
Net Assets $3.9 billion
# of Holdings 362
Turnover (3/31/2018) 65%
Dividend Frequency Monthly
Holdings Characteristics
(as of 3/31/2018)
Fund
% in Bank Loans 86.88
Average Days to Reset 37
Bank Loan Average Price $98.65
Effective Duration 0.52 yrs.
Yields
As of Date 3/31/2018
Distribution Yield at NAV 4.19%
Trailing 12 Month Yield 3.93%
30 Day SEC Yield 4.13%
Unsubsidized 30-Day SEC Yield 4.13%
Fund Essentials
Inception Date 04/29/2005
Symbol HFLIX
CUSIP 416649804
Fund Number 1308

Top Ten Issuers (%)

(as of 3/31/2018)
label percentageholding
First Data Corp. 1.58
Caesars Entertainment Operating Co. 1.55
Sprint Communications, Inc. 1.55
TransDigm, Inc. 1.53
Caesars Resort Collection, LLC 1.52
Sinclair Television Group, Inc. 1.46
Level 3 Financing, Inc. 1.13
Sedgwick Claims Management Services, Inc. 1.12
Revlon Consumer Products Corp. 1.01
Brickman Group Ltd. LLC 0.97
Total Portfolio % 13.42
(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

Excel Full Portfolio Holdings Excel         PDF Full Portfolio Holdings

Credit Exposure (%)

(as of 3/31/2018)
label value
Aa/AA 0.0
Baa/BBB 3.8
Ba/BB 43.6
B 45.9
Caa/CCC or lower 8.0
Not Rated 2.5
Cash & Cash Offsets -3.9

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 12/31/2017 Fund 03/31/2018 Benchmark 03/31/2018 UNDERWEIGHT / OVERWEIGHT -5 0 5
Energy 6.3 6.5 3.2
Overweight 80.0%
Consumer Non-Cyclical 18.0 20.0 17.4
Overweight 60.0%
Financial Institutions 9.1 9.8 6.6
Overweight 60.0%
Other Industrial 3.8 3.7 2.2
Overweight 40.0%
Communications 15.5 15.8 15.0
Overweight 20.0%
Basic Industry 4.7 5.2 4.4
Overweight 20.0%
Utilities 3.1 2.5 3.1
Overweight 0.0%
Other High Yield 0.7 1.3 1.0
Overweight 0.0%
Other Securities 0.3 0.8 0.0
Overweight 0.0%
Cash and Cash Equivalents -2.4 -3.9 0.0
Overweight 0.0%
Capital Goods 8.0 7.9 9.1
Overweight 20.0%
Transportation 2.8 2.3 2.6
Overweight 20.0%
Technology 12.1 12.9 15.7
Overweight 60.0%
Consumer Cyclical 18.1 15.3 19.8
Overweight 100.0%

Insights

pdf

The 5-Minute Forecast 

Wed Apr 18 11:24:00 EDT 2018
A concise summary of the Hartford Funds Multi-Asset Team’s views on the main challenges facing investors: Growth, Income, Volatility, Inflation, and Taxes.
pdf

2018: Year of the Bank Loan?  

Tue Apr 17 09:30:00 EDT 2018
Between rising rates and volatility spikes, investors are reminded why bank loans can be an important part of a balanced portfolio.
pdf

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

Mon Apr 16 15:13:00 EDT 2018
Rising interest rates may have a significant effect on fixed-income investments.

Literature

Fund Literature

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pdf

Fact Sheet

03/31/2018 | pdf
Get FINRA Letter

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Commentary

03/31/2018 | pdf
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Expanded Commentary

12/31/2017 | pdf

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Summary Prospectus

03/01/2018 | pdf

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Pitchbook

03/31/2018 | pdf

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Semi Annual Report

04/30/2017 | 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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Fund Story

03/31/2018 | pdf
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SAI

03/01/2017 | pdf

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A WORD ABOUT RISK

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 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 also subject to nonpayment, collateral, bankruptcy, default, extension, 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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The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are suitable for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

All investments are subject to risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, ETF or exchange-traded managed fund (ETMF) prospectus and summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

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