Hartford Floating Rate High Income Fund

10.07NAV (as of 10/16/2018)
+0.00 (+0.00%) NAV Change
Bank LoanMorningstar Category
Loan Participation FundsLipper Classification

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

High Income Potential in a Low-Yield World

The Fund invests primarily in bank loans, which may provide higher yields than traditional bonds; their yields may also increase when interest rates rise.

To enhance the potential for yield, the Fund also has a strategic allocation to international bank loans and high-yield bonds.

Less Sensitivity to Rising Rates

By combining domestic bank loans, international bank loans, and high-yield bonds, the Fund provides exposure to investments that are historically less affected by rising rates. This lower sensitivity to rising rates can help diversify nearly any fixed-income portfolio.

Experienced Management

Bank loans are a small asset class, which makes them difficult for individual investors to access. The Fund is run by a veteran in bank-loan investing, Michael Bacevich. He has been managing bank loans since the asset class was created and is backed by Wellington Management’s deep fixed-income resources.

Michael Bacevich
Managing Director
Fixed-Income Portfolio Manager

view bio

David B. Marshak
Managing Director
Fixed-Income Portfolio Manager

view bio

Jeff Heuer, CFA
Managing Director
Fixed-Income Portfolio Manager

view bio

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

Video Commentaries

Investment Process (2:39)
Portfolio Manager Michael Bacevich

Fund Outlook & Commentary (2:43)
Portfolio Manager Michael Bacevich

Performance (%)
	YTD	1YR	3YR	5YR	10YR	SI
	% (as of 9/30/2018)	Average Annual Total Returns % (as of 9/30/2018)
Hartford Floating Rate High Income I	3.70	5.05	6.27	4.07	---	5.61
Benchmark	4.00	5.16	5.31	4.13	---	---
Morningstar Bank Loan Category	3.18	4.17	4.51	3.34	---	---

Performance (%)
	YTD	1YR	3YR	5YR	10YR	SI
	% (as of 9/30/2018)	Average Annual Total Returns % (as of 9/30/2018)
Hartford Floating Rate High Income I	3.70	5.05	6.27	4.07	---	5.61
Benchmark	4.00	5.16	5.31	4.13	---	---
Morningstar Bank Loan Category	3.18	4.17	4.51	3.34	---	---

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 (I-Share)

(as of 9/30/2018)

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Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

I-Share Morningstar Ratings
(as of 9/30/2018)

Overall

:

Calendar Year Returns (%)
	Fund	Benchmark	Peergroup
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	---

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.

Characteristics

Statistics
As of Date	9/30/2018
Net Assets	$570 million
# of Holdings	318
Turnover (9/30/2018)	89%
Dividend Frequency	Monthly

Holdings Characteristics
(as of 9/30/2018)
	Fund
Effective Duration	0.57 yrs
% in Bank Loans	88
Average Bank Loan Price	$98.58

Yields
As of Date	9/30/2018
Distribution Yield at NAV	4.64%
Trailing 12 Month Yield	4.24%
30 Day SEC Yield	4.65%
Unsubsidized 30-Day SEC Yield	4.57%

Fund Essentials
Inception Date	09/30/2011
Symbol	HFHIX
CUSIP	41664M151
Fund Number	1038

Top Ten Issuers (%)

9/30/2018
6/30/2018

(as of 9/30/2018)
label	percentageholding
Asurion LLC	2.84
Caesars Entertainment Operating Co.	2.16
Sprint Communications, Inc.	2.09
Caesars Resort Collection LLC	1.73
Flex Acquisition Co., Inc.	1.62
Valeant Pharmaceuticals International, Inc.	1.46
TransDigm, Inc.	1.44
Coty, Inc.	1.36
First Data Corp.	1.34
Crown Finance U.S., Inc.	1.28
Total Portfolio %	17.32

(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

PDF Full Portfolio Holdings

Credit Exposure (%)

(as of 9/30/2018)
label	value
Aaa/AAA	0
Aa/AA	0
A	0
Baa/BBB	2
Ba/BB	31
B	56
Caa/CCC or lower	11
Not Rated	3
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
Sectors	6/30/2018	Fund 9/30/2018	Benchmark 9/30/2018	UNDERWEIGHT / OVERWEIGHT -5 0 5
Other	8	9	5	Overweight 80.0%
Communications	21	18	15	Overweight 60.0%
Financial Institutions	11	10	7	Overweight 60.0%
Energy	5	5	3	Overweight 40.0%
Basic Industry	5	5	4	Overweight 20.0%
Consumer Non-Cyclical	19	16	16	Overweight 0.0%
Transportation	1	2	2	Overweight 0.0%
Utilities	2	1	2	Overweight 20.0%
Consumer Cyclical	17	17	19	Overweight 40.0%
Capital Goods	8	8	10	Overweight 40.0%
Cash, Cash Equivalents and Cash Offsets	-10	-3	0	Overweight 60.0%
Technology	11	11	16	Overweight 100.0%

Insights

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.

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.

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 Select All
Fact Sheet 06/30/2018 \| pdf Get FINRA Letter Email Subscribe E-Mail Updates Print Updates Max 100
Commentary 06/30/2018 \| pdf Get FINRA Letter Email Subscribe E-Mail Updates Print Updates Max 100
Summary Prospectus 03/01/2018 \| pdf Email Available For Download Only
Pitchbook 06/30/2018 \| pdf Email Subscribe E-Mail Updates Available For Download Only
Semi Annual Report 04/30/2018 \| pdf Email Available For Download Only
Statutory Prospectus 03/01/2018 \| pdf Email Available For Download Only
Annual Report 10/31/2017 \| pdf Email Available For Download Only
SAI 03/01/2018 \| pdf Email Available For Download Only

Important Risks: 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 can have a 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, procing, 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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