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.
The portfolio manager is 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: 09/30/1998
Returns prior to 3/31/26 reflect the performance of the Fund’s prior modified investment strategy.
Characteristics
| Dividend Frequency | Monthly |
|---|---|
| # of Holdings | 279 |
| Yield to Worst (%) | 6.93% |
|---|---|
| Effective Duration | 2.65 yrs |
| Aaa/AAA | 0 |
| Aa/AA | 0 |
| A | 0 |
| Baa/BBB | 3 |
| Ba/BB | 40 |
| B | 41 |
| Caa/CCC or lower | 12 |
| Not Rated | 3 |
| Cash & Cash Offsets | 1 |
| Tenet Healthcare Corp. | 1.92 |
| Level 3 Financing, Inc. | 1.89 |
| CHS/Community Health Systems, Inc. | 1.79 |
| CCO Holdings LLC/CCO Holdings Capital Corp. | 1.77 |
| Antero Midstream Partners LP/Antero Midstream Finance Corp. | 1.69 |
| EchoStar Corp. | 1.47 |
| Champ Acquisition Corp. | 1.47 |
| 1261229 BC Ltd. | 1.38 |
| Asurion LLC/Asurion Co-Issuer, Inc. | 1.30 |
| Freedom Mortgage Holdings LLC | 1.28 |
| Total Portfolio % | 15.96 |
| Distribution Yield at NAV | 5.12 |
| Trailing 12 Month Yield | 5.12 |
| 30-Day SEC Yield | 4.78 |
|
Unsubsidized 30-Day SEC Yield
|
4.78 |
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
|---|---|---|---|---|---|---|---|
| 3/31/26 | 4/30/26 | 4/30/26 | -5 0 5 | ||||
| Consumer Non-Cyclical | 11 | 16 | 11 | ||||
| Communications | 15 | 18 | 15 | ||||
| Financial Institutions | 16 | 14 | 12 | ||||
| Technology | 10 | 9 | 8 | ||||
| Basic Industry | 6 | 6 | 6 | ||||
| Transportation | 1 | 2 | 2 | ||||
| Cash, Cash Equivalents and Cash Offsets | 5 | 1 | 1 | ||||
| Other | -2 | 0 | 1 | ||||
| Consumer Cyclical | 19 | 17 | 19 | ||||
| Utilities | 2 | 1 | 3 | ||||
| Energy | 8 | 8 | 11 | ||||
| Capital Goods | 9 | 7 | 10 | ||||
| Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
|---|---|---|---|---|---|
| 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 |
| 6/30/2025 | 7.09 | $0.0303 | $0.0000 | $0.0000 | $0.0303 |
| 5/30/2025 | 6.98 | $0.0303 | $0.0000 | $0.0000 | $0.0303 |
Insights
Resources
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