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Taxable Bond fund

Hartford High Yield Fund   

Taxable Bond fund

Hartford High Yield Fund   
Share Class - I (HAHIX)

Objective

Seeks to provide high current income and long-term total return.

Overview

A fund that invests in high-yield bonds, by combining fundamental research, industry allocation, and macroeconomic trends.

Portfolio Management
Senior Managing Director
Fixed-Income Portfolio Manager
3
YRS
MANAGING THIS FUND
14
YRS
AT WELLINGTON MANAGEMENT
22
YRS
EXPERIENCE IN THIS INDUSTRY

The portfolio manager is supported by the full resources of Wellington.

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 9/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford High Yield I 6.74 14.55 2.78 4.32 4.51 5.47
Benchmark 8.00 15.74 3.10 4.72 5.04 ---
Morningstar High Yield Bond Category 7.36 14.05 2.87 4.17 4.17 ---
 
CUMULATIVE %
(as of 9/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 9/30/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford High Yield I 6.74 14.55 2.78 4.32 4.51 5.47
Benchmark 8.00 15.74 3.10 4.72 5.04 ---
Morningstar High Yield Bond Category 7.36 14.05 2.87 4.17 4.17 ---

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

Share Class Inception: 5/31/07.
Class I-share performance prior to its inception date reflects Class A-share performance (excluding sales charges) and operating expenses. SI performance is calculated from 9/30/98.

Characteristics

FUND ESSENTIALS
Inception Date 09/30/1998
Net Assets $432 million
Gross Operating Expenses 0.70%
Net Operating Expenses 0.69%
Morningstar Category High Yield Bond
Lipper Classification High Yield Funds
CUSIP 41664L625
Fund Number 1602
FUND STATS
Dividend Frequency
Monthly
# of Holdings
312
Holdings Characteristics
Yield to Worst (%)
6.67%
Effective Duration
2.84 yrs
Credit Exposure (%)
Aaa/AAA 0
Aa/AA 0
A 0
Baa/BBB 4
Ba/BB 45
B 36
Caa/CCC or lower 12
Not Rated 3
Cash & Cash Offsets 2
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.
Top Ten Issuers (%)
CCO Holdings LLC/CCO Holdings Capital Corp. 2.23
Medline Borrower LP 1.47
Buckeye Partners LP 1.34
Frontier Communications Holdings LLC 1.34
Fortress Intermediate 3, Inc. 1.23
HUB International Ltd. 1.21
Carnival Corp. 1.15
Clear Channel Outdoor Holdings, Inc. 1.13
Royal Caribbean Cruises Ltd. 1.11
TransDigm, Inc. 1.09
Total Portfolio % 13.30
Yields (%) (as of 9/30/24)
Distribution Yield at NAV
5.78
Trailing 12 Month Yield
5.92
30-Day SEC Yield
5.75
Unsubsidized 30-Day SEC Yield
5.68
Sector Exposure (%)

Exposure Chart Header

FUND
BENCHMARK UNDERWEIGHT / OVERWEIGHT

Exposure Chart Header2

6/30/24 8/31/24 8/31/24 -5 0 5
Technology 13 13 8
Consumer Cyclical 21 21 20
Energy 14 13 12
Capital Goods 12 12 11
Cash, Cash Equivalents and Cash Offsets 2 2 1
Communications 13 14 14
Basic Industry 5 5 5
Other 1 1 1
Utilities 1 1 2
Financial Institutions 9 10 12
Consumer Non-Cyclical 9 9 11
Transportation 0 0 3
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
9/30/2024 7.08 $0.0341 $0.0000 $0.0000 $0.0341
8/30/2024 7.00 $0.0337 $0.0000 $0.0000 $0.0337
7/31/2024 6.92 $0.0334 $0.0000 $0.0000 $0.0334
6/28/2024 6.84 $0.0334 $0.0000 $0.0000 $0.0334
5/31/2024 6.81 $0.0336 $0.0000 $0.0000 $0.0336
4/30/2024 6.78 $0.0340 $0.0000 $0.0000 $0.0340
3/28/2024 6.90 $0.0338 $0.0000 $0.0000 $0.0338
2/29/2024 6.86 $0.0335 $0.0000 $0.0000 $0.0335
1/31/2024 6.89 $0.0334 $0.0000 $0.0000 $0.0334
12/29/2023 6.93 $0.0334 $0.0000 $0.0000 $0.0334
12/29/2023 6.93 $0.0174 $0.0000 $0.0000 $0.0174
12/15/2023 6.89 $0.0000 $0.0000 $0.0000 $0.0000
11/30/2023 6.74 $0.0331 $0.0000 $0.0000 $0.0331
10/31/2023 6.46 $0.0328 $0.0000 $0.0000 $0.0328
Past distributions are not indicative of future distributions.

Fund Literature


06/30/2024 - PDF (186 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2024 - PDF (130 KB)
Current quarterly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, statistics, and positioning and outlook for the Fund.
PDF (164 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
06/30/2024 - PDF (413 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
06/30/2024 - PDF (483 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
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.
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. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • 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, regulatory and counterparty risk. • Financially material environmental, social and/or governance (ESG) characteristics are one of several factors that may be considered and as a result, the investment process may not work as intended.

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