Seeks to provide high current income and long-term total return.
A fund that typically invests in floating-rate loans and securities that are below-investment-grade.
A Hedge Against Rising Rates
The prices of traditional bonds generally drop as interest rates rise. This happens because as new bonds are issued at higher rates, existing bonds with lower rates become less attractive to investors, causing them to drop in value.
The Fund invests in bank loans that adjust their interest rates every 30, 60, or 90 days, so they may be less affected by rising interest rates.
Attractive Yield and Diversification
The Fund may offer a higher yield than, and low correlation to, traditional bonds; it may add an extra layer of income and diversification to your fixed-income portfolio.
Bank loans are a smaller asset class than many other types of bonds, which makes them difficult for individual investors to access. The Fund’s management team averages over 25 years of investment experience and is backed by the full resources of sub-adviser Wellington Management.
The portfolio managers are supported by the full resources of Wellington.
Managing Director, Fixed-Income Portfolio Manager
(as of 4/30/2022)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 4/30/2022)
|Hartford Floating Rate R3||-1.10||0.50||1.98||2.52||3.04||3.38|
|Morningstar Bank Loan Category||-0.78||1.54||2.29||2.80||3.27||---|
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.
SI = Since Inception.
Fund Inception: 04/29/2005
Share Class Inception: 12/22/06.
Class R3-share performance prior to its inception date reflects Class Y-share performance and operating expenses. SI performance is calculated from 4/29/05.
|# of Issuers||236|
|# of Holdings||324|
|Average Bank Loan Price||$96.23|
|Effective Duration||0.28 yrs|
|% in Bank Loans||90|
|Distribution Yield at NAV||2.90|
|30-Day SEC Yield||2.99|
Unsubsidized 30-Day SEC Yield
|Caa/CCC or lower||5|
|Cash & Cash Offsets||0|
|BENCHMARK||UNDERWEIGHT / OVERWEIGHT|
|3/31/22||4/30/22||4/30/22||-6 0 6|
|Cash, Cash Equivalents and Cash Offsets||0||0||0||
|Distribution Date||Distribution NAV||ordinary income||short term capital gains||long term capital gains||total distribution|
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