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Taxable Bond fund

Hartford Floating Rate Fund    Share Class - I (HFLIX)


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.

Experienced Management

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.

Portfolio Management
Managing Director
Fixed-Income Portfolio Manager
Managing Director
Fixed-Income Portfolio Manager

The portfolio managers are supported by the full resources of Wellington.

Hartford Floating Rate Fund Process Video

David Marshak

Managing Director, Fixed-Income Portfolio Manager

play David Marshak video


(as of 10/31/2022)
(as of 10/31/2022)
Hartford Floating Rate I -5.43 -5.09 0.78 1.66 2.77 3.47
Benchmark -2.25 -1.76 2.72 3.07 3.61 ---
Morningstar Bank Loan Category -3.94 -3.61 1.14 1.76 2.61 ---
(as of 9/30/2022)
(as of 9/30/2022)
Hartford Floating Rate I -6.20 -5.82 0.39 1.63 2.73 3.44
Benchmark -3.25 -2.53 2.21 2.98 3.54 ---
Morningstar Bank Loan Category -4.89 -4.43 0.65 1.68 2.56 ---

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: 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.


Inception Date 04/29/2005
Net Assets $1.7 billion
Total Operating Expenses 0.74%
Morningstar Category Bank Loan
Lipper Classification Loan Participation Funds
CUSIP 416649804
Fund Number 1308
Dividend Frequency
# of Issuers
# of Holdings
Holdings Characteristics
Average Bank Loan Price
Effective Duration
0.01 yrs
% in Bank Loans
Yields (%) (as of 10/31/22)
Distribution Yield at NAV
30-Day SEC Yield
Unsubsidized 30-Day SEC Yield
Top Ten Issuers (%)
Asurion LLC 2.14
Crown Finance U.S., Inc. 1.73
McAfee LLC 1.70
SPDR Blackstone Senior Loan ETF 1.58
Caesars Resort Collection LLC 1.52
MH Sub LLC 1.51
Invesco Senior Loan ETF 1.50
Crocs, Inc. 1.49
B.C. Unlimited Liability Co. 1.46
SRS Distribution, Inc. 1.35
Total Portfolio % 15.98
Asurion LLC 2.01
Caesars Resort Collection LLC 1.78
Crown Finance U.S., Inc. 1.76
McAfee LLC 1.66
Crocs, Inc. 1.65
MH Sub LLC 1.47
SPDR Blackstone Senior Loan ETF 1.44
B.C. Unlimited Liability Co. 1.41
SRS Distribution, Inc. 1.38
Invesco Senior Loan ETF 1.34
Total Portfolio % 15.90
Credit Exposure (%)
Aaa/AAA 0
Aa/AA 0
A 0
Baa/BBB 3
Ba/BB 21
B 60
Caa/CCC or lower 6
Not Rated 5
Cash & Cash Offsets 5
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 (%)

Exposure Chart Header


Exposure Chart Header2

9/30/22 10/31/22 10/31/22 -5 0 5
Cash, Cash Equivalents and Cash Offsets 4 5 0
Consumer Cyclical 24 24 20
Communications 13 14 12
Financial Institutions 9 10 8
Consumer Non-Cyclical 16 14 14
Other 6 6 6
Energy 2 2 2
Transportation 2 2 4
Utilities 0 0 2
Technology 15 15 18
Basic Industry 1 1 4
Capital Goods 8 7 11
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
11/1/2022 7.59 $0.0420 $0.0000 $0.0000 $0.0420
10/3/2022 7.57 $0.0371 $0.0000 $0.0000 $0.0371
9/1/2022 7.83 $0.0354 $0.0000 $0.0000 $0.0354
8/1/2022 7.78 $0.0324 $0.0000 $0.0000 $0.0324
7/1/2022 7.61 $0.0280 $0.0000 $0.0000 $0.0280
6/1/2022 7.88 $0.0270 $0.0000 $0.0000 $0.0270
5/2/2022 8.16 $0.0233 $0.0000 $0.0000 $0.0233
4/1/2022 8.20 $0.0245 $0.0000 $0.0000 $0.0245
3/1/2022 8.22 $0.0207 $0.0000 $0.0000 $0.0207
2/1/2022 8.30 $0.0221 $0.0000 $0.0000 $0.0221
1/3/2022 8.32 $0.0259 $0.0000 $0.0000 $0.0259
1/3/2022 8.33 $0.0231 $0.0000 $0.0000 $0.0231
12/20/2021 8.34 $0.0000 $0.0000 $0.0000 $0.0000
12/1/2021 8.31 $0.0213 $0.0000 $0.0000 $0.0213
Past distributions are not indicative of future distributions.

Fund Literature

09/30/2022 - PDF (312 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
09/30/2022 - PDF (259 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
09/30/2022 - PDF (544 KB)
Historical view of rising interest rates, and impact on respective Morningstar Categories.
09/30/2022 - PDF (155 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
09/30/2022 - PDF (382 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (147 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
09/30/2022 - PDF (489 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
09/30/2022 - PDF (448 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
PDF (2 KB)
An unaudited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A legal document that discloses essential information about a fund, including investment objectives, risks, fees, expenses, fund manager background and other information.
PDF (2 KB)
An audited financial report, which includes a fund's financial statements. These reports are intended for shareholders and others who have reviewed the fund's prospectus.
PDF (13 KB)
A document that supplements the fund's prospectus with additional information about the fund including its operations and risks.
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, regulatory 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, economic and regulatory developments. • The Fund's investments may fluctuate in value over a short period of time. • Integration of environmental, social, and/or governance (ESG) characteristics into the investment process may not work as intended. • Changes related to LIBOR could have an adverse impact on financial instruments that reference this rate.
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.

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 appropriate 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.

Investing involves 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, or ETF summary prospectus and/or prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA|SIPC. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

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