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Taxable Bond fund

Hartford Low Duration High Income Fund   

Taxable Bond fund

Hartford Low Duration High Income Fund   
Share Class - R4 (HFHSX)

Effective 3/1/24, the Fund (formerly known as the Hartford Floating Rate High Income Fund) changed its name, objective, principal investment strategy, portfolio managers and benchmark as well as reduced the Fund's contractual management fee.

Objective

The Fund seeks to provide a high level of income.

Overview

A fund that invests across fixed-income sectors while also seeking to provide low sensitivity to interest rate changes.

Portfolio Management
Senior Managing Director
Fixed-Income Portfolio Manager
0
YRS
MANAGING THIS FUND
18
YRS
AT WELLINGTON MANAGEMENT
28
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
0
YRS
MANAGING THIS FUND
17
YRS
AT WELLINGTON MANAGEMENT
23
YRS
EXPERIENCE IN THIS INDUSTRY

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

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 5/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 5/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Low Duration High Income R4 2.07 9.86 3.07 3.38 3.23 4.35
Benchmark 2.26 9.22 3.87 4.17 4.27 ---
Morningstar High Yield Bond Category 1.99 10.76 1.72 3.80 3.51 ---
 
CUMULATIVE %
(as of 3/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 3/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Low Duration High Income R4 1.56 10.29 3.22 3.50 3.28 4.37
Benchmark 1.59 9.14 4.00 4.12 4.28 ---
Morningstar High Yield Bond Category 1.67 10.40 2.07 3.76 3.60 ---

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

Returns prior to 3/1/24 reflect the performance of the Fund's prior objective and principal investment strategy.

Characteristics

FUND ESSENTIALS
Inception Date 09/30/2011
Net Assets $167 million
Gross Operating Expenses 1.10%
Net Operating Expenses 1.03%
Morningstar Category High Yield Bond
Lipper Classification Short High Yield Funds
CUSIP 41664M136
Fund Number 1041
FUND STATS
# of Holdings
304
Dividend Frequency
Monthly
Holdings Characteristics
Yield to Worst (%)
7.06%
Effective Duration
1.27 yrs
Yields (%) (as of 5/31/24)
Trailing 12 Month Yield
7.86
30-Day SEC Yield
5.82
Unsubsidized 30-Day SEC Yield
5.73
Asset Class Exposure (%)
Asset Backed Securities 30
Mortgage Backed Securities 24
Bank Loans 15
Investment Grade Credit 11
Other 6
United States Government 6
High Yield Credit 5
Commercial Mortgage Backed Securities 4
Developed Government and Related (Non-US $) 0
Emerging Market Debt 0
Cash, Cash Equivalents and Cash Offsets -1
Cash, Cash Equivalents and Cash Offsets 26
Mortgage Backed Securities 17
Bank Loans 17
Asset Backed Securities 16
Investment Grade Credit 10
Other 6
High Yield Credit 4
Commercial Mortgage Backed Securities 3
Developed Government and Related (Non-US $) 0
Emerging Market Debt 0
United States Government 0
Top Ten Issuers (%)
Federal Home Loan Mortgage Corp. 13.42
Federal National Mortgage Association Connecticut Avenue Securities 6.06
U.S. Treasury Notes 5.96
Federal National Mortgage Association 2.25
Verus Securitization Trust 1.79
Carlyle U.S. CLO Ltd. 1.59
Palmer Square CLO Ltd. 1.44
CIFC Funding Ltd. 1.35
BX Trust 1.21
Apidos CLO XLVIII Ltd. 1.05
Total Portfolio % 36.12
Credit Exposure (%)
Aaa/AAA 7
Aa/AA 11
A 4
Baa/BBB 14
Ba/BB 33
B 21
Caa/CCC or lower 0
Not Rated 9
Cash & Cash Offsets -1
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.
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
5/31/2024 8.89 $0.0483 $0.0000 $0.0000 $0.0483
4/30/2024 8.86 $0.0467 $0.0000 $0.0000 $0.0467
3/28/2024 8.94 $0.0516 $0.0000 $0.0000 $0.0516
2/29/2024 8.96 $0.0569 $0.0000 $0.0000 $0.0569
1/31/2024 8.94 $0.0602 $0.0000 $0.0000 $0.0602
12/29/2023 8.97 $0.0607 $0.0000 $0.0000 $0.0607
12/29/2023 8.97 $0.0202 $0.0000 $0.0000 $0.0202
12/15/2023 8.96 $0.0000 $0.0000 $0.0000 $0.0000
11/30/2023 8.89 $0.0629 $0.0000 $0.0000 $0.0629
10/31/2023 8.83 $0.0608 $0.0000 $0.0000 $0.0608
9/29/2023 8.94 $0.0596 $0.0000 $0.0000 $0.0596
8/31/2023 8.94 $0.0480 $0.0000 $0.0000 $0.0480
7/31/2023 8.93 $0.0624 $0.0000 $0.0000 $0.0624
6/30/2023 8.89 $0.0606 $0.0000 $0.0000 $0.0606
Past distributions are not indicative of future distributions.

Fund Literature


03/31/2024 - PDF (167 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
03/31/2024 - PDF (135 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 (168 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
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. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • The risks associated with mortgage-related and asset-backed securities as well as collateralized loan obligations (CLOs) include credit, interest-rate, prepayment, liquidity, default and extension risk. There are additional risks associated with credit risk transfer securities. • The purchase of securities in the To-Be-Announced (TBA) market can result in higher portfolio turnover and related expenses as well as price and counterparty risk. • 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. • 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. • Restricted securities may be more difficult to sell and price than other securities. • The Fund's investments may fluctuate in value over a short period of time. • Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor's tax liability.
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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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