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Hartford Floating Rate High Income Fund

Explore Another ETFs

Objective

Seeks to provide high current income and long-term total return.

Overview

A fund that typically invests in U.S. bank loans, global bank loans, and high-yield debt.

More About Floating Rate High Income 

Performance

Performance (%)
% (as of 8/31/2018)
Average Annual Total Returns % (as of 8/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate High Income  I 3.00 4.88 5.63 4.02 --- 5.58
Benchmark 3.32 4.88 4.85 4.04 --- ---
Morningstar Bank Loan Category 2.60 3.96 4.03 3.27 --- ---
Performance (%)
% (as of 6/30/2018)
Average Annual Total Returns % (as of 6/30/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate High Income  I 1.59 4.14 4.46 4.00 --- 5.51
Benchmark 2.16 4.37 4.21 4.00 --- ---
Morningstar Bank Loan Category 1.53 3.41 3.39 3.26 --- ---
SI = Since Inception. Fund Inception: 09/30/2011
Operating Expenses:   Net  0.82% |  Gross  0.86%

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 8/31/2018)
[{"date":"2018/08/31","value":"14312"},{"date":"2018/07/31","value":"14245"},{"date":"2018/06/30","value":"14109"},{"date":"2018/05/31","value":"14131"},{"date":"2018/04/30","value":"14153"},{"date":"2018/03/31","value":"14065"},{"date":"2018/02/28","value":"14060"},{"date":"2018/01/31","value":"14047"},{"date":"2017/12/31","value":"13905"},{"date":"2017/11/30","value":"13848"},{"date":"2017/10/31","value":"13860"},{"date":"2017/09/30","value":"13749"},{"date":"2017/08/31","value":"13666"},{"date":"2017/07/31","value":"13692"},{"date":"2017/06/30","value":"13596"},{"date":"2017/05/31","value":"13610"},{"date":"2017/04/30","value":"13540"},{"date":"2017/03/31","value":"13473"},{"date":"2017/02/28","value":"13472"},{"date":"2017/01/31","value":"13354"},{"date":"2016/12/31","value":"13244"},{"date":"2016/11/30","value":"13044"},{"date":"2016/10/31","value":"13029"},{"date":"2016/09/30","value":"12894"},{"date":"2016/08/31","value":"12752"},{"date":"2016/07/31","value":"12620"},{"date":"2016/06/30","value":"12411"},{"date":"2016/05/31","value":"12385"},{"date":"2016/04/30","value":"12265"},{"date":"2016/03/31","value":"11865"},{"date":"2016/02/29","value":"11438"},{"date":"2016/01/31","value":"11461"},{"date":"2015/12/31","value":"11686"},{"date":"2015/11/30","value":"11910"},{"date":"2015/10/31","value":"12085"},{"date":"2015/09/30","value":"12083"},{"date":"2015/08/31","value":"12222"},{"date":"2015/07/31","value":"12420"},{"date":"2015/06/30","value":"12470"},{"date":"2015/05/31","value":"12581"},{"date":"2015/04/30","value":"12546"},{"date":"2015/03/31","value":"12362"},{"date":"2015/02/28","value":"12311"},{"date":"2015/01/31","value":"12067"},{"date":"2014/12/31","value":"12135"},{"date":"2014/11/30","value":"12450"},{"date":"2014/10/31","value":"12459"},{"date":"2014/09/30","value":"12450"},{"date":"2014/08/31","value":"12601"},{"date":"2014/07/31","value":"12554"},{"date":"2014/06/30","value":"12592"},{"date":"2014/05/31","value":"12501"},{"date":"2014/04/30","value":"12411"},{"date":"2014/03/31","value":"12379"},{"date":"2014/02/28","value":"12330"},{"date":"2014/01/31","value":"12268"},{"date":"2013/12/31","value":"12192"},{"date":"2013/11/30","value":"12123"},{"date":"2013/10/31","value":"12069"},{"date":"2013/09/30","value":"11935"},{"date":"2013/08/31","value":"11889"},{"date":"2013/07/31","value":"11923"},{"date":"2013/06/30","value":"11742"},{"date":"2013/05/31","value":"11871"},{"date":"2013/04/30","value":"11877"},{"date":"2013/03/31","value":"11744"},{"date":"2013/02/28","value":"11616"},{"date":"2013/01/31","value":"11581"},{"date":"2012/12/31","value":"11417"},{"date":"2012/11/30","value":"11329"},{"date":"2012/10/31","value":"11302"},{"date":"2012/09/30","value":"11230"},{"date":"2012/08/31","value":"11078"},{"date":"2012/07/31","value":"10946"},{"date":"2012/06/30","value":"10865"},{"date":"2012/05/31","value":"10744"},{"date":"2012/04/30","value":"10857"},{"date":"2012/03/31","value":"10751"},{"date":"2012/02/29","value":"10666"},{"date":"2012/01/31","value":"10510"},{"date":"2011/12/31","value":"10294"},{"date":"2011/11/30","value":"10201"},{"date":"2011/10/31","value":"10225"},{"date":"2011/09/30","value":"10000"}]

 
Growth of $10,000

Reflects Class A, excluding sales charges. If sales charges and taxes had been included, the value would have been lower. Results for other classes will vary.

I-Share Morningstar Ratings
(as of 8/31/2018)
  • Overall
    infoIcon:
Calendar Year Returns (%)
Fund Benchmark
2017 5.25 4.12
2016 13.60 10.16
2015 -3.45 -0.69
2014 -0.23 1.60
2013 7.14 5.29
2012 11.15 9.66
2011 --- ---
2010 --- ---
2009 --- ---
2008 --- ---

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 8/31/2018
Net Assets $563 million
# of Holdings 313
Turnover (6/30/2018) 84%
Dividend Frequency Monthly
Holdings Characteristics
(as of 8/31/2018)
Fund
% in Bank Loans 77.69
Average Days to Reset 29
Bank Loan Average Price $98.21
Effective Duration 0.57 yrs.
Yields
As of Date 8/31/2018
Distribution Yield at NAV 4.69%
Trailing 12 Month Yield 4.18%
30 Day SEC Yield 4.67%
Unsubsidized 30-Day SEC Yield 4.63%
Fund Essentials
Inception Date 09/30/2011
Symbol HFHIX
CUSIP 41664M151
Fund Number 1038

Top Ten Issuers (%)

(as of 8/31/2018)
label percentageholding
Asurion LLC 2.88
Caesars Entertainment Operating Co. 2.46
Sprint Communications, Inc. 2.29
Caesars Resort Collection LLC 1.75
Flex Acquisition Co., Inc. 1.64
Coty, Inc. 1.53
Valeant Pharmaceuticals International, Inc. 1.50
TransDigm, Inc. 1.45
First Data Corp. 1.36
Crown Finance U.S., Inc. 1.30
Total Portfolio % 18.16
(as of 6/30/2018)
label percentageholding
Caesars Entertainment Operating Co. 2.72
Sprint Communications, Inc. 2.58
Caesars Resort Collection LLC 2.27
Valeant Pharmaceuticals International, Inc. 1.89
First Data Corp. 1.79
TransDigm, Inc. 1.47
Microchip Technology 1.46
Altice Financing S.A. 1.23
PSAV Holdings LLC 1.20
Sinclair Television Group, Inc. 1.19
Total Portfolio % 17.80

Credit Exposure (%)

(as of 8/31/2018)
label value
Aa/AA -0.1
Baa/BBB 2.0
Ba/BB 32.0
B 57.2
Caa/CCC or lower 10.6
Not Rated 2.7
Cash & Cash Offsets -4.4

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 06/30/2018 Fund 08/31/2018 Benchmark 08/31/2018 UNDERWEIGHT / OVERWEIGHT -5 0 5
Financial Institutions 11.2 10.7 6.7
Overweight 80.0%
Other Industrial 5.2 4.6 2.5
Overweight 60.0%
Communications 21.5 17.3 15.1
Overweight 40.0%
Energy 4.7 5.3 3.2
Overweight 40.0%
Other High Yield 1.9 4.2 2.4
Overweight 40.0%
Consumer Non-Cyclical 19.3 17.0 16.4
Overweight 20.0%
Transportation 1.2 1.9 1.8
Overweight 0.0%
Other Securities 1.1 1.0 0.0
Overweight 0.0%
Government & Government Related 0.0 0.3 0.0
Overweight 0.0%
Cash and Cash Equivalents -9.8 -4.5 0.0
Overweight 0.0%
Capital Goods 8.1 8.4 9.3
Overweight 20.0%
Basic Industry 4.9 4.1 4.5
Overweight 20.0%
Utilities 2.3 1.1 2.3
Overweight 20.0%
Consumer Cyclical 16.9 17.5 19.7
Overweight 40.0%
Technology 11.5 11.2 16.0
Overweight 100.0%

Insights

pdf

Client Conversations: Managing Risk in Your Fixed-Income Portfolio 

Wed Sep 05 15:13:00 EDT 2018
Changes in the economy and interest rates can have a big impact on your fixed-income portfolio.
pdf

Are Leveraged Loans Becoming Less Safe?  

Thu Aug 23 09:30:00 EDT 2018
While many claim that the future of bank loans is bleak, we caution investors against extrapolating higher default rates for bank loans.
pdf

Being Active in Fixed Income 

Tue Aug 21 12:42:00 EDT 2018
You shouldn’t simply go through the motions at the gym—or with your fixed-income portfolio.

Literature

Fund Literature

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Fact Sheet

06/30/2018 | pdf
Get FINRA Letter

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Commentary

06/30/2018 | pdf
Get FINRA Letter

Max 100

Summary Prospectus

03/01/2018 | pdf

Available For
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Pitchbook

06/30/2018 | pdf

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Semi Annual Report

04/30/2018 | pdf

Available For
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Statutory Prospectus

03/01/2018 | pdf

Available For
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Annual Report

10/31/2017 | pdf

Available For
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SAI

03/01/2018 | pdf

Available For
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A WORD ABOUT RISK

Investing involves risk, including the possible loss of principal. There is no guarantee a fund will achieve its stated objective. Security prices fluctuate in value depending on general market and economic conditions and the prospects of individual companies. Fixed income security risks include credit, liquidity, call, duration, and interest-rate risk. As interest rates rise, bond prices generally fall. Loans can be difficult to value and highly illiquid; they are also subject to nonpayment, collateral, bankruptcy, default, extension, prepayment and insolvency risks. 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, 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 and economic developments. Privately placed, restricted (Rule 144A) securities may be more difficult to sell and price than other securities.
Floating Rate High Income 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.

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