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Taxable Bond fund

Hartford Low Duration High Income Fund   


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      Taxable Bond fund

      Hartford Low Duration High Income Fund   
      Share Class - I (HFHIX)

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

      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 2/29/2024)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 2/29/2024)
      YTD 1YR 3YR 5YR 10YR SI
      Hartford Low Duration High Income I 1.24 9.22 3.39 3.55 3.49 4.61
      Benchmark 0.80 8.89 3.93 4.08 4.23 ---
      Morningstar High Yield Bond Category 0.50 10.10 1.78 3.68 3.50 ---
       
      CUMULATIVE %
      (as of 12/31/2023)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 12/31/2023)
      YTD 1YR 3YR 5YR 10YR SI
      Hartford Low Duration High Income I 11.45 11.45 3.60 4.18 3.49 4.57
      Benchmark 10.45 10.45 3.92 4.60 4.24 ---
      Morningstar High Yield Bond Category 12.08 12.08 1.88 4.70 3.68 ---

      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

      Characteristics

      FUND ESSENTIALS
      Inception Date 09/30/2011
      Net Assets $186 million
      Gross Operating Expenses 0.80%
      Net Operating Expenses 0.76%
      Morningstar Category High Yield Bond
      Lipper Classification Loan Participation Funds
      CUSIP 41664M151
      Fund Number 1038
      FUND STATS
      # of Holdings
      217
      Dividend Frequency
      Monthly
      Holdings Characteristics
      Average Bank Loan Price
      $96.34
      Yield to Worst (%)
      8.43%
      % in Bank Loans
      88
      Effective Duration
      0.16 yrs
      Yields (%) (as of 2/29/24)
      Trailing 12 Month Yield
      8.69
      30-Day SEC Yield
      7.82
      Unsubsidized 30-Day SEC Yield
      7.58
      Asset Class Exposure (%)
      Bank Loans 88
      High Yield Credit 4
      Other 3
      Cash, Cash Equivalents and Cash Offsets 3
      Asset Backed Securities 2
      Commercial Mortgage Backed Securities 0
      Developed Government and Related (Non-US $) 0
      Emerging Market Debt 0
      Investment Grade Credit 0
      Mortgage Backed Securities 0
      United States Government 0
      Bank Loans 89
      High Yield Credit 6
      Other 5
      Asset Backed Securities 2
      Commercial Mortgage Backed Securities 0
      Developed Government and Related (Non-US $) 0
      Emerging Market Debt 0
      Investment Grade Credit 0
      Mortgage Backed Securities 0
      United States Government 0
      Cash, Cash Equivalents and Cash Offsets -2
      Top Ten Issuers (%)
      SPDR Blackstone Senior Loan ETF 2.31
      Asurion LLC 1.91
      Blackhawk Network Holdings, Inc. 1.64
      Caesars Entertainment, Inc. 1.44
      HUB International Ltd. 1.41
      Acrisure LLC 1.32
      McAfee Corp. 1.31
      Air Canada 1.28
      First Brands Group LLC 1.28
      Sedgwick Claims Management Services, Inc. 1.22
      Total Portfolio % 15.12
      Credit Exposure (%)
      Aaa/AAA 0
      Aa/AA 0
      A 0
      Baa/BBB 4
      Ba/BB 19
      B 66
      Caa/CCC or lower 4
      Not Rated 4
      Cash & Cash Offsets 3
      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

      FUND
      BENCHMARK UNDERWEIGHT / OVERWEIGHT

      Exposure Chart Header2

      12/31/23 2/29/24 2/29/24 -10 0 10
      Other 9 12 2
      Financial Institutions 18 14 11
      Communications 13 13 10
      Energy 4 5 2
      Cash, Cash Equivalents and Cash Offsets -2 3 0
      Consumer Cyclical 22 20 18
      Transportation 2 3 4
      Utilities 0 0 1
      Basic Industry 2 2 5
      Consumer Non-Cyclical 11 9 14
      Technology 15 14 20
      Capital Goods 7 6 12
      distributions and capital gains
      Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
      2/29/2024 8.88 $0.0582 $0.0000 $0.0000 $0.0582
      1/31/2024 8.87 $0.0616 $0.0000 $0.0000 $0.0616
      12/29/2023 8.89 $0.0622 $0.0000 $0.0000 $0.0622
      12/29/2023 8.89 $0.0425 $0.0000 $0.0000 $0.0425
      12/15/2023 8.91 $0.0000 $0.0000 $0.0000 $0.0000
      11/30/2023 8.84 $0.0644 $0.0000 $0.0000 $0.0644
      10/31/2023 8.78 $0.0623 $0.0000 $0.0000 $0.0623
      9/29/2023 8.88 $0.0611 $0.0000 $0.0000 $0.0611
      8/31/2023 8.89 $0.0496 $0.0000 $0.0000 $0.0496
      7/31/2023 8.87 $0.0639 $0.0000 $0.0000 $0.0639
      6/30/2023 8.83 $0.0620 $0.0000 $0.0000 $0.0620
      5/31/2023 8.70 $0.0616 $0.0000 $0.0000 $0.0616
      4/28/2023 8.75 $0.0611 $0.0000 $0.0000 $0.0611
      3/31/2023 8.74 $0.0607 $0.0000 $0.0000 $0.0607
      Past distributions are not indicative of future distributions.

      Fund Literature


      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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