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.
Average Annual Total Returns % (as of 1/31/2021)
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1YR | 5YR | 10YR | SI | ||
---|---|---|---|---|---|
Hartford Floating Rate I | 2.12 | 5.48 | 3.84 | 4.01 | |
Benchmark | 3.75 | 5.62 | 4.24 | --- | |
Morningstar Bank Loan Category | 1.86 | 4.42 | 3.32 | --- |
Average Annual Total Returns % (as of 12/31/2020)
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|||||
1YR | 5YR | 10YR | SI | ||
---|---|---|---|---|---|
Hartford Floating Rate I | 1.54 | 5.00 | 3.93 | 3.97 | |
Benchmark | 3.12 | 5.24 | 4.32 | --- | |
Morningstar Bank Loan Category | 1.16 | 4.06 | 3.37 | --- |
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 1/31/2021)
Fund | Benchmark | |
---|---|---|
2020 | 1.54 | 3.12 |
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 |
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.
As of Date | 1/31/2021 |
Net Assets | $1.8 billion |
# of Holdings | 311 |
# of Issuers | 222 |
Dividend Frequency | Monthly |
Fund | |
---|---|
Effective Duration | 0.27 yrs |
% in Bank Loans | 90 |
Average Bank Loan Price | $97.08 |
As of Date | 1/31/2021 |
Distribution Yield at NAV | 3.89% |
30 Day SEC Yield | 3.13% |
Unsubsidized 30-Day SEC Yield | 3.13% |
Inception Date | 04/29/2005 |
Symbol | HFLIX |
CUSIP | 416649804 |
Fund Number | 1308 |
Top Ten Issuers (%)
label | percentageholding |
---|---|
Asurion LLC | 2.02 |
APX Group, Inc. | 1.91 |
Blackhawk Network Holdings, Inc. | 1.76 |
Nets Holding A/S | 1.76 |
DCert Buyer, Inc. | 1.75 |
Verisure Holding AB | 1.65 |
Staples, Inc. | 1.56 |
Acrisure LLC | 1.42 |
Caesars Resort Collection LLC | 1.36 |
B.C. Unlimited Liability Co. | 1.32 |
Total Portfolio % | 16.51 |
label | percentageholding |
---|---|
APX Group, Inc. | 1.90 |
Asurion LLC | 1.90 |
Froneri International Ltd. | 1.79 |
Nets Holding A/S | 1.77 |
DCert Buyer, Inc. | 1.74 |
Blackhawk Network Holdings, Inc. | 1.72 |
ION Media Networks, Inc. | 1.52 |
Crown Finance U.S., Inc. | 1.48 |
UPC Broadband Holding B.V. | 1.48 |
Acrisure LLC | 1.39 |
Total Portfolio % | 16.69 |
Credit Exposure (%)
label | value |
---|---|
Aaa/AAA | 0 |
Aa/AA | 0 |
A | 0 |
Baa/BBB | 3 |
Ba/BB | 16 |
B | 73 |
Caa/CCC or lower | 5 |
Not Rated | 5 |
Cash & Cash Offsets | -2 |
Sectors | Fund 1/31/2021 | Benchmark 1/31/2021 |
---|---|---|
Consumer Cyclical | 25 | 20 |
Consumer Non-Cyclical | 19 | 15 |
Communications | 16 | 13 |
Energy | 5 | 2 |
Financial Institutions | 8 | 7 |
Other | 7 | 7 |
Capital Goods | 8 | 10 |
Transportation | 1 | 3 |
Utilities | 0 | 2 |
Cash, Cash Equivalents and Cash Offsets | -2 | 0 |
Basic Industry | 1 | 4 |
Technology | 12 | 16 |

Managing Risk in Your Fixed-Income Portfolio
03/01/2021
Are You Prepared For Duration Risk?
02/01/2021
Floating Rate Notes–Short Duration and Income in the Face of Rising Inflation Risks in 2021
01/19/2021Financial Professionals:
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Fund LiteratureSelect All
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Fact Sheet12/31/2020 | pdfThis Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance. |
Fund Story12/31/2020 | pdfThis Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
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Commentary12/31/2020 | pdfCurrent quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund. |
Expanded Commentary12/31/2020 | pdfCurrent 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 ProspectuspdfA concise summary of the Fund’s investment strategy, performance, expenses, risks, and management team.
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Wellington Fixed Income Overview12/31/2020 | pdfThis module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
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Floating Rate Fund Pitchbook12/31/2020 | pdfThis Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
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Semi Annual ReportpdfA semi-annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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Statutory ProspectuspdfAn annual update on the Fund that includes information about the Fund’s investment manager, sub-adviser, and operations.
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Annual ReportpdfAn annual update on the Fund that includes a manager discussion of the Fund’s performance and financial statements.
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SAIpdfA supplementary document to the Fund’s prospectus that includes additional information about the Fund and its operations.
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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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