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.
The portfolio managers are supported by the full resources of Wellington.
Performance
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
# of Holdings | 338 |
---|---|
Dividend Frequency | Monthly |
Yield to Worst (%) | 6.56% |
---|---|
Effective Duration | 1.27 yrs |
Distribution Yield at NAV | 7.57 |
Trailing 12 Month Yield | 8.08 |
30-Day SEC Yield | 6.88 |
Unsubsidized 30-Day SEC Yield
|
6.71 |
Federal Home Loan Mortgage Corp. | 11.13 |
Federal National Mortgage Association Connecticut Avenue Securities Trust | 6.58 |
Verus Securitization Trust | 2.05 |
Palmer Square CLO Ltd. | 1.62 |
OCP CLO Ltd. | 1.51 |
Carlyle U.S. CLO Ltd. | 1.34 |
BX Trust | 1.33 |
Apidos CLO XVIII Ltd. | 1.01 |
RR 24 Ltd. | 1.01 |
Alinea CLO Ltd. | 1.00 |
Total Portfolio % | 28.58 |
Aaa/AAA | 3 |
Aa/AA | 1 |
A | 6 |
Baa/BBB | 15 |
Ba/BB | 44 |
B | 19 |
Caa/CCC or lower | 1 |
Not Rated | 8 |
Cash & Cash Offsets | 3 |
Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
---|---|---|---|---|---|
9/30/2024 | 8.91 | $0.0562 | $0.0000 | $0.0000 | $0.0562 |
8/30/2024 | 8.88 | $0.0543 | $0.0000 | $0.0000 | $0.0543 |
7/31/2024 | 8.85 | $0.0527 | $0.0000 | $0.0000 | $0.0527 |
6/28/2024 | 8.81 | $0.0479 | $0.0000 | $0.0000 | $0.0479 |
5/31/2024 | 8.80 | $0.0501 | $0.0000 | $0.0000 | $0.0501 |
4/30/2024 | 8.77 | $0.0483 | $0.0000 | $0.0000 | $0.0483 |
3/28/2024 | 8.85 | $0.0534 | $0.0000 | $0.0000 | $0.0534 |
2/29/2024 | 8.87 | $0.0584 | $0.0000 | $0.0000 | $0.0584 |
1/31/2024 | 8.85 | $0.0618 | $0.0000 | $0.0000 | $0.0618 |
12/29/2023 | 8.88 | $0.0625 | $0.0000 | $0.0000 | $0.0625 |
12/29/2023 | 8.88 | $0.0470 | $0.0000 | $0.0000 | $0.0470 |
12/15/2023 | 8.90 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
11/30/2023 | 8.83 | $0.0647 | $0.0000 | $0.0000 | $0.0647 |
10/31/2023 | 8.77 | $0.0627 | $0.0000 | $0.0000 | $0.0627 |
Insights
Fund Literature