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The Board of Directors has approved the conversion of the Fund into an exchange traded fund (“ETF”). On or about 10/16/26, the Fund will reorganize into the Hartford High Yield ETF. The ETF will have the same investment objective and principal investment strategy as the Fund. The Fund will be closed to new investors with limited exceptions effective 6/30/26. More information may be found in the prospectus supplement.
High Conviction
Uses fundamental research to construct a high-yield portfolio of core, higher-quality bonds and opportunistic, lower-quality ideas with upside potential
Total Return Focused
Targets total returns by emphasizing credit selection and seeks to capitalize on mispriced default risk opportunities in lower quality high yield
Sub-advised by Wellington
Wellington prioritizes independent thought and collaboration across all major asset classes
Objective: Seeks to provide high current income, and long-term total return.
Portfolio Management
0
YRS
MANAGING THIS FUND
12
YRS
AT WELLINGTON MANAGEMENT
29
YRS
EXPERIENCE IN THIS INDUSTRY
The portfolio manager is supported by the full resources of Wellington.
Performance
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: 09/30/1998
Returns prior to 3/31/26 reflect the performance of the Fund’s prior modified investment strategy.
Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.
Characteristics
FUND STATS (as of 5/31/2026)
| Dividend Frequency | Monthly |
|---|---|
| # of Holdings | 216 |
Holdings Characteristics (as of 5/31/2026)
| Yield to Worst (%) | 6.75% |
|---|---|
| Effective Duration | 2.82 yrs |
Credit Exposure (%)
(as of 5/31/2026)
| Aaa/AAA | 0 |
| Aa/AA | 3 |
| A | 0 |
| Baa/BBB | 3 |
| Ba/BB | 29 |
| B | 39 |
| Caa/CCC or lower | 11 |
| Not Rated | 6 |
| Cash & Cash Offsets | 8 |
Credit exposure is the credit ratings for the underlying securities of the Fund as provided by S&P, Moody's, 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. If only one agency has rated the security, that rating will be 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.
Top Ten Issuers (%)
(as of 5/31/2026)
| iShares iBoxx USD High Yield Corporate Bond ETF | 3.78 |
| U.S. Treasury Notes | 2.91 |
| EchoStar Corp. | 2.19 |
| Level 3 Financing, Inc. | 2.18 |
| Tenet Healthcare Corp. | 1.91 |
| CCO Holdings LLC/CCO Holdings Capital Corp. | 1.75 |
| CHS/Community Health Systems, Inc. | 1.72 |
| Freedom Mortgage Holdings LLC | 1.72 |
| Antero Midstream Partners LP/Antero Midstream Finance Corp. | 1.68 |
| Cloud Software Group, Inc. | 1.54 |
| Total Portfolio % | 21.38 |
Yields (%)
(as of 6/30/2026)
| Distribution Yield at NAV | 5.06 |
| Trailing 12 Month Yield | 5.10 |
| 30-Day SEC Yield | 4.78 |
|
Unsubsidized 30-Day SEC Yield
|
4.78 |
Sector Exposure (%)
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
|---|---|---|---|---|---|---|---|
| 3/31/26 | 5/31/26 | 5/31/26 | -7 0 7 | ||||
| Cash, Cash Equivalents and Cash Offsets | 5 | 8 | 1 | ||||
| Communications | 15 | 18 | 15 | ||||
| Financial Institutions | 16 | 15 | 13 | ||||
| Consumer Non-Cyclical | 11 | 13 | 11 | ||||
| Other | -2 | 3 | 1 | ||||
| Basic Industry | 6 | 6 | 6 | ||||
| Technology | 10 | 8 | 9 | ||||
| Transportation | 1 | 1 | 2 | ||||
| Utilities | 2 | 1 | 3 | ||||
| Energy | 8 | 8 | 11 | ||||
| Capital Goods | 9 | 6 | 10 | ||||
| Consumer Cyclical | 19 | 12 | 18 | ||||
distributions and capital gains
| Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
|---|---|---|---|---|---|
| 6/30/2026 | 7.05 | $0.0297 | $0.0000 | $0.0000 | $0.0297 |
| 5/29/2026 | 7.10 | $0.0281 | $0.0000 | $0.0000 | $0.0281 |
| 4/30/2026 | 7.08 | $0.0302 | $0.0000 | $0.0000 | $0.0302 |
| 3/31/2026 | 7.00 | $0.0294 | $0.0000 | $0.0000 | $0.0294 |
| 2/27/2026 | 7.14 | $0.0294 | $0.0000 | $0.0000 | $0.0294 |
| 1/30/2026 | 7.17 | $0.0299 | $0.0000 | $0.0000 | $0.0299 |
| 12/31/2025 | 7.17 | $0.0297 | $0.0000 | $0.0000 | $0.0297 |
| 12/29/2025 | 7.16 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
| 12/17/2025 | 7.13 | $0.0000 | $0.0000 | $0.0000 | $0.0000 |
| 11/28/2025 | 7.15 | $0.0300 | $0.0000 | $0.0000 | $0.0300 |
| 10/31/2025 | 7.14 | $0.0313 | $0.0000 | $0.0000 | $0.0313 |
| 9/30/2025 | 7.17 | $0.0307 | $0.0000 | $0.0000 | $0.0307 |
| 8/29/2025 | 7.15 | $0.0305 | $0.0000 | $0.0000 | $0.0305 |
| 7/31/2025 | 7.10 | $0.0306 | $0.0000 | $0.0000 | $0.0306 |
Past distributions are not indicative of future distributions.
Insights
Resources
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. • Investments in high-yield ("junk") bonds are considered speculative, involve heightened credit risk and greater risk of price volatility, illiquidity, and default than investment grade bonds. • Fixed income security risks include credit, liquidity, call, duration, event and interest-rate risk. As interest rates rise, bond prices generally fall. • 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. • 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, valuation, 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. • Convertible securities are subject to the risks of both equity and fixed income investments. • When the Fund holds cash or is otherwise not fully invested, it is subject to the risk that it will not participate in market advances to the same extent as it would if it were fully invested.
BLOOMBERG® and any Bloomberg Index are service marks of Bloomberg Finance L.P. and its affiliates, including Bloomberg Index Services Limited ("BISL"), the administrator of the indices (collectively, "Bloomberg") and have been licensed for use for certain purposes by Hartford Funds. Bloomberg is not affiliated with Hartford Funds, and Bloomberg does not approve, endorse, review, or recommend any Hartford Funds product. Bloomberg does not guarantee the timeliness, accurateness, or completeness of any data or information relating to Hartford Funds products.
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