Seeks to provide high current income and long-term total return.
A fund that typically invests in U.S. bank loans, global bank loans, and high-yield debt.
High Income Potential in a Low-Yield World
The Fund invests primarily in bank loans, which may provide higher yields than traditional bonds; their yields may also increase when interest rates rise.
To enhance the potential for yield, the Fund also has a strategic allocation to international bank loans and high-yield bonds.
Less Sensitivity to Rising Rates
By combining domestic bank loans, international bank loans, and high-yield bonds, the Fund provides exposure to investments that are historically less affected by rising rates. This lower sensitivity to rising rates can help diversify nearly any 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.
(as of 8/31/2023)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 8/31/2023)
|Hartford Floating Rate High Income F||7.88||7.29||3.86||2.90||3.46||4.45|
|Morningstar Bank Loan Category||8.21||8.21||4.52||3.03||3.15||---|
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: 09/30/2011
Share Class Inception: 2/28/17.
Class F-shares performance prior to 2/28/17 reflects the performance and operating expenses of Class I-shares. Performance for Class F-shares prior to its inception date would have differed if Class F- operating expenses had been reflected. Since Inception (SI) performance is calculated from 9/30/11.
|# of Holdings||250|
|Average Bank Loan Price||$96.22|
|Yield to Worst (%)||7.86%|
|% in Bank Loans||89|
|Effective Duration||0.15 yrs|
|Distribution Yield at NAV||6.75|
|30-Day SEC Yield||6.42|
Unsubsidized 30-Day SEC Yield
|Caa/CCC or lower||3|
|Cash & Cash Offsets||-2|
|BENCHMARK||UNDERWEIGHT / OVERWEIGHT|
|6/30/23||8/31/23||8/31/23||-8 0 8|
|Cash, Cash Equivalents and Cash Offsets||0||-2||0||
|Distribution Date||Distribution NAV||ordinary income||short term capital gains||long term capital gains||total distribution|
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