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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 4/30/2018)
Average Annual Total Returns % (as of 4/30/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate High Income  I 1.87 4.79 4.36 3.83 --- 5.69
Benchmark 1.87 4.41 4.03 3.86 --- ---
Morningstar Bank Loan Category 1.49 3.63 3.26 3.15 --- ---
Performance (%)
% (as of 3/31/2018)
Average Annual Total Returns % (as of 3/31/2018)
YTD 1YR 3YR 5YR 10YR SI
Hartford Floating Rate High Income  I 1.21 4.66 4.66 3.93 --- 5.66
Benchmark 1.45 4.43 4.20 3.89 --- ---
Morningstar Bank Loan Category 1.10 3.58 3.43 3.21 --- ---
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 4/30/2018)
[{"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 4/30/2018)
  • 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 4/30/2018
Net Assets $545 million
# of Holdings 312
Turnover (3/31/2018) 88%
Dividend Frequency Monthly
Holdings Characteristics
(as of 4/30/2018)
Fund
% in Bank Loans 70.44
Average Days to Reset 35
Bank Loan Average Price $98.70
Effective Duration 0.70 yrs.
Yields
As of Date 4/30/2018
Distribution Yield at NAV 4.16%
Trailing 12 Month Yield 3.97%
30 Day SEC Yield 4.17%
Unsubsidized 30-Day SEC Yield 4.13%
Fund Essentials
Inception Date 09/30/2011
Symbol HFHIX
CUSIP 41664M151
Fund Number 1038

Top Ten Issuers (%)

(as of 4/30/2018)
label percentageholding
Caesars Entertainment Operating Co. 2.81
Sprint Communications, Inc. 2.66
Caesars Resort Collection LLC 2.34
First Data Corp. 1.85
Coty, Inc. 1.50
Crown Finance US, Inc. 1.37
Altice Financing S.A. 1.27
PSAV Holdings LLC 1.23
Sinclair Television Group, Inc. 1.22
Revlon Consumer Products Corp. 1.14
Total Portfolio % 17.39
(as of 3/31/2018)
label percentageholding
Caesars Entertainment Operating Co. 3.02
Sprint Communications, Inc. 2.84
Caesars Resort Collection, LLC 2.51
First Data Corp. 1.98
TransDigm, Inc. 1.64
GreenSky Holdings LLC 1.38
Altice Financing S.A. 1.37
Gardner Denver, Inc. 1.37
Sinclair Television Group, Inc. 1.31
Revlon Consumer Products Corp. 1.25
Total Portfolio % 18.67

Credit Exposure (%)

(as of 4/30/2018)
label value
Aa/AA 0.1
Baa/BBB 0.9
Ba/BB 37.0
B 47.2
Caa/CCC or lower 11.1
Not Rated 2.0
Cash & Cash Offsets 1.7

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 03/31/2018 Fund 04/30/2018 Benchmark 04/30/2018 UNDERWEIGHT / OVERWEIGHT -6 0 6
Communications 18.6 18.0 15.4
Overweight 50.0%
Financial Institutions 9.3 10.2 6.6
Overweight 50.0%
Energy 6.8 6.2 3.3
Overweight 50.0%
Other Industrial 4.7 5.0 2.3
Overweight 50.0%
Consumer Non-Cyclical 20.8 17.5 17.3
Overweight 16.666666666666668%
Basic Industry 6.4 5.2 4.3
Overweight 16.666666666666668%
Other High Yield 2.1 2.0 1.0
Overweight 16.666666666666668%
Utilities 2.3 2.2 2.4
Overweight 0.0%
Government & Government Related 0.0 0.2 0.0
Overweight 0.0%
Other Securities 0.2 0.0 0.0
Overweight 0.0%
Cash and Cash Equivalents -6.7 1.8 0.0
Overweight 0.0%
Transportation 1.2 1.1 2.6
Overweight 33.333333333333336%
Capital Goods 7.5 6.0 9.1
Overweight 50.0%
Consumer Cyclical 15.6 14.7 19.9
Overweight 83.33333333333334%
Technology 11.2 9.8 15.8
Overweight 100.0%

Insights

pdf

Shelter From the Storm 

Tue Apr 24 12:42:00 EDT 2018
A fixed-income forecast for a rising-rate world.
pdf

The 5-Minute Forecast 2Q18 

Wed Apr 18 11:24:00 EDT 2018
A concise summary of the Hartford Funds Multi-Asset Team’s views on the main challenges facing investors: Growth, Income, Volatility, Inflation, and Taxes.
pdf

2018: Year of the Bank Loan?  

Tue Apr 17 09:30:00 EDT 2018
Between rising rates and volatility spikes, investors are reminded why bank loans can be an important part of a balanced portfolio.

Literature

Fund Literature

Select All

Fact Sheet

03/31/2018 | pdf
Get FINRA Letter

Max 100

Commentary

03/31/2018 | pdf
Get FINRA Letter

Max 100

Summary Prospectus

03/01/2018 | pdf

Available For
Download Only

Pitchbook

03/31/2018 | pdf

Available For
Download Only

Semi Annual Report

04/30/2017 | pdf

Available For
Download Only

Statutory Prospectus

03/01/2018 | pdf

Available For
Download Only

Annual Report

10/31/2017 | pdf

Available For
Download Only

SAI

03/01/2017 | pdf

Available For
Download Only

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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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