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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 2/28/2017)
Average Annual Total Returns % (as of 2/28/2017)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate  I 1.32 15.03 3.23 4.34 3.70 4.20
Benchmark 1.12 12.55 3.82 5.01 4.28 ---
Morningstar Bank Loan Category 0.97 11.87 2.82 4.20 3.29 ---
Performance (%)
% (as of 12/31/2016)
Average Annual Total Returns % (as of 12/31/2016)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate  I 11.46 11.46 3.04 4.75 3.75 4.15
Benchmark 9.88 9.88 3.76 5.35 4.33 ---
Morningstar Bank Loan Category 9.25 9.25 2.76 4.47 3.33 ---
SI = Since Inception. Fund Inception: 04/29/2005
Operating Expenses:   Net  0.74% |  Gross  0.74%

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 2/28/2017)
[{"date":"2017/02/28","value":"14009"},{"date":"2017/01/31","value":"13907"},{"date":"2016/12/31","value":"13833"},{"date":"2016/11/30","value":"13621"},{"date":"2016/10/31","value":"13596"},{"date":"2016/09/30","value":"13443"},{"date":"2016/08/31","value":"13303"},{"date":"2016/07/31","value":"13179"},{"date":"2016/06/30","value":"12992"},{"date":"2016/05/31","value":"13026"},{"date":"2016/04/30","value":"12933"},{"date":"2016/03/31","value":"12626"},{"date":"2016/02/29","value":"12210"},{"date":"2016/01/31","value":"12274"},{"date":"2015/12/31","value":"12443"},{"date":"2015/11/30","value":"12626"},{"date":"2015/10/31","value":"12780"},{"date":"2015/09/30","value":"12780"},{"date":"2015/08/31","value":"12873"},{"date":"2015/07/31","value":"13024"},{"date":"2015/06/30","value":"13054"},{"date":"2015/05/31","value":"13130"},{"date":"2015/04/30","value":"13116"},{"date":"2015/03/31","value":"12968"},{"date":"2015/02/28","value":"12940"},{"date":"2015/01/31","value":"12704"},{"date":"2014/12/31","value":"12715"},{"date":"2014/11/30","value":"12966"},{"date":"2014/10/31","value":"12935"},{"date":"2014/09/30","value":"12895"},{"date":"2014/08/31","value":"13024"},{"date":"2014/07/31","value":"12983"},{"date":"2014/06/30","value":"13014"},{"date":"2014/05/31","value":"12946"},{"date":"2014/04/30","value":"12864"},{"date":"2014/03/31","value":"12868"},{"date":"2014/02/28","value":"12824"},{"date":"2014/01/31","value":"12815"},{"date":"2013/12/31","value":"12747"},{"date":"2013/11/30","value":"12691"},{"date":"2013/10/31","value":"12638"},{"date":"2013/09/30","value":"12528"},{"date":"2013/08/31","value":"12498"},{"date":"2013/07/31","value":"12526"},{"date":"2013/06/30","value":"12371"},{"date":"2013/05/31","value":"12470"},{"date":"2013/04/30","value":"12474"},{"date":"2013/03/31","value":"12399"},{"date":"2013/02/28","value":"12275"},{"date":"2013/01/31","value":"12260"},{"date":"2012/12/31","value":"12130"},{"date":"2012/11/30","value":"12055"},{"date":"2012/10/31","value":"12027"},{"date":"2012/09/30","value":"11979"},{"date":"2012/08/31","value":"11835"},{"date":"2012/07/31","value":"11739"},{"date":"2012/06/30","value":"11638"},{"date":"2012/05/31","value":"11540"},{"date":"2012/04/30","value":"11661"},{"date":"2012/03/31","value":"11561"},{"date":"2012/02/29","value":"11476"},{"date":"2012/01/31","value":"11354"},{"date":"2011/12/31","value":"11111"},{"date":"2011/11/30","value":"11028"},{"date":"2011/10/31","value":"11086"},{"date":"2011/09/30","value":"10718"},{"date":"2011/08/31","value":"10692"},{"date":"2011/07/31","value":"11217"},{"date":"2011/06/30","value":"11185"},{"date":"2011/05/31","value":"11242"},{"date":"2011/04/30","value":"11248"},{"date":"2011/03/31","value":"11171"},{"date":"2011/02/28","value":"11163"},{"date":"2011/01/31","value":"11133"},{"date":"2010/12/31","value":"10937"},{"date":"2010/11/30","value":"10818"},{"date":"2010/10/31","value":"10773"},{"date":"2010/09/30","value":"10607"},{"date":"2010/08/31","value":"10464"},{"date":"2010/07/31","value":"10413"},{"date":"2010/06/30","value":"10201"},{"date":"2010/05/31","value":"10226"},{"date":"2010/04/30","value":"10498"},{"date":"2010/03/31","value":"10348"},{"date":"2010/02/28","value":"10114"},{"date":"2010/01/31","value":"10070"},{"date":"2009/12/31","value":"9904"},{"date":"2009/11/30","value":"9654"},{"date":"2009/10/31","value":"9620"},{"date":"2009/09/30","value":"9535"},{"date":"2009/08/31","value":"9295"},{"date":"2009/07/31","value":"9113"},{"date":"2009/06/30","value":"8835"},{"date":"2009/05/31","value":"8568"},{"date":"2009/04/30","value":"8215"},{"date":"2009/03/31","value":"7616"},{"date":"2009/02/28","value":"7548"},{"date":"2009/01/31","value":"7377"},{"date":"2008/12/31","value":"6897"},{"date":"2008/11/30","value":"7244"},{"date":"2008/10/31","value":"7778"},{"date":"2008/09/30","value":"9164"},{"date":"2008/08/31","value":"9673"},{"date":"2008/07/31","value":"9687"},{"date":"2008/06/30","value":"9785"},{"date":"2008/05/31","value":"9784"},{"date":"2008/04/30","value":"9669"},{"date":"2008/03/31","value":"9341"},{"date":"2008/02/29","value":"9336"},{"date":"2008/01/31","value":"9602"},{"date":"2007/12/31","value":"9919"},{"date":"2007/11/30","value":"9903"},{"date":"2007/10/31","value":"10068"},{"date":"2007/09/30","value":"9982"},{"date":"2007/08/31","value":"9790"},{"date":"2007/07/31","value":"9789"},{"date":"2007/06/30","value":"10164"},{"date":"2007/05/31","value":"10149"},{"date":"2007/04/30","value":"10092"},{"date":"2007/03/31","value":"10035"},{"date":"2007/02/28","value":"10000"}]

 
Growth of $10,000

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

Calendar Year Returns (%)
Fund Benchmark
2016 11.46 9.88
2015 -1.86 -0.38
2014 0.00 2.06
2013 5.34 6.15
2012 9.42 9.43
2011 1.84 1.82
2010 10.79 9.98
2009 43.96 44.87
2008 -30.29 -28.75
2007 1.16 1.88

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 2/28/2017
Net Assets $4.2 billion
# of Holdings 324
Turnover (12/31/2016) 49%
Dividend Frequency Monthly
Holdings Characteristics
(as of 2/28/2017)
Fund
% in Bank Loans 83.82
Average Days to Reset 40
Bank Loan Average Price $98.53
Effective Duration 0.44 yrs.
Yields
As of Date 2/28/2017
Distribution Yield at NAV 3.49%
Trailing 12 Month Yield 4.16%
30 Day SEC Yield 3.84%
Unsubsidized 30-Day SEC Yield 3.84%
Fund Essentials
Inception Date 04/29/2005
Symbol HFLIX
CUSIP 416649804
Fund Number 1308

Top Ten Issuers (%)

(as of 2/28/2017)
label percentageholding
First Data Corp. 1.75
Level 3 Financing, Inc. 1.72
Calpine Construction Finance Co., L.P. 1.70
Sprint Communications, Inc. 1.68
Valeant Pharmaceuticals International, Inc. 1.67
JBS USA LLC 1.41
Virgin Media Investment Holdings Ltd. 1.30
TransDigm, Inc. 1.21
Sedgwick Claims Management Services, Inc. 1.20
Community Health Systems, Inc. 1.19
Total Portfolio % 14.83
(as of 12/31/2016)
label percentageholding
Level 3 Financing, Inc. 1.73
Valeant Pharmaceuticals International, Inc. 1.73
First Data Corp. 1.36
Bass Pro Group LLC 1.33
Community Health Systems, Inc. 1.26
Sedgwick Claims Management Services, Inc. 1.25
Calpine Corp. 1.17
Advantage Sales & Marketing, Inc. 1.16
JBS USA LLC 1.14
California Resources Corp. 1.13
Total Portfolio % 13.26

Credit Exposure (%)

(as of 2/28/2017)
label value
Baa/BBB 2.3
Ba/BB 41.5
B 40.0
Caa/CCC or lower 7.0
Not Rated 6.2
Cash & Cash Offsets 3.0

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 12/31/2016 Fund 02/28/2017 Benchmark 02/28/2017 UNDERWEIGHT / OVERWEIGHT -5 0 5
Financial Institutions 8.6 8.3 5.6
Overweight 40.0%
Energy 7.0 7.0 4.5
Overweight 40.0%
Utilities 3.6 4.1 2.6
Overweight 20.0%
Consumer Non-Cyclical 19.1 19.0 18.5
Overweight 0.0%
Other Industrial 3.0 3.5 2.8
Overweight 0.0%
Other Securities 2.6 3.3 0.0
Overweight 0.0%
Transportation 1.7 1.9 2.1
Overweight 0.0%
Government & Government Related 0.2 0.1 0.0
Overweight 0.0%
Cash and Cash Equivalents 4.2 3.0 0.0
Overweight 0.0%
Capital Goods 8.1 7.9 9.1
Overweight 20.0%
Basic Industry 3.9 3.6 5.2
Overweight 20.0%
Other High Yield 0.1 0.1 0.8
Overweight 20.0%
Communications 11.1 12.6 15.2
Overweight 40.0%
Technology 10.5 10.8 13.5
Overweight 40.0%
Consumer Cyclical 16.1 14.9 20.1
Overweight 100.0%

Insights

pdf

Bank Loans: Yesterday, Today, and Tomorrow  

Wed Dec 07 11:06:00 EST 2016
The bank loan market turns 25 years old in January 2017. To mark the occasion, we profile the evolution of the sector, assess its current state, and identify potentially attractive opportuni...
pdf

Bank Loans: A Sector That May Be Poised to Benefit from the Recent Rise in U.S. LIBOR 

Mon Sep 26 11:06:00 EDT 2016
Bank loans are getting renewed interest from investors, with the long-anticipated start of higher interest rates looking like it might finally materialize in the US.
pdf

Negative Yields: A Race to the Bottom? 

Fri Mar 18 11:06:00 EDT 2016
Recent market and economic data suggests that, contrary to the intentions of central banks, negative rates may actually dampen rather than stimulate an economy by hobbling its banking sector...

Literature

Fund Literature

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Fact Sheet

12/31/2016 | pdf
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Commentary

12/31/2016 | pdf
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Expanded Commentary

12/31/2016 | pdf

Summary Prospectus

03/01/2017 | pdf

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Pitchbook

12/31/2016 | pdf

Semi Annual Report

04/30/2016 | pdf

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Statutory Prospectus

03/01/2017 | pdf

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Annual Report

10/31/2016 | pdf

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SAI

03/01/2017 | pdf

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Flyer

12/31/2016 | pdf
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Fund Story

12/31/2016 | pdf
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A WORD ABOUT RISK

All investments are subject to risk, including the possible loss of principal. There is no guarantee the Fund will achieve its stated objective. The Fund's share price may fluctuate due to market risk and/or security selections that may underperform the market or relevant benchmarks. Fixed Income risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall; these risks are currently heightened because interest rates are at, or near, historical lows. 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 subject to credit risk, bankruptcy risk, and insolvency. Foreign investments can be riskier and more volatile than U.S. investments due to the adverse effects of currency exchange rates, differences in market structure and liquidity, as well as political and economic developments in foreign countries and regions (e.g., "Brexit").
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.

Effective September 30, 2009, Class B shares of The Hartford Funds closed to new investors, and no new or additional investments, including investments through a systematic investment plan, will be allowed in Class B shares, except for permitted exchanges. For additional information about your privileges with respect to Class B shares, please refer to your prospectus and its supplements.

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