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Taxable Bond fund

Hartford High Yield Fund    Share Class - R4 (HAHSX)


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
10
YRS
MANAGING THIS FUND
28
YRS
AT WELLINGTON MANAGEMENT
33
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Convertible Bond Portfolio Manager and Fixed Income Credit Analyst
0
YRS
MANAGING THIS FUND
12
YRS
AT WELLINGTON MANAGEMENT
20
YRS
EXPERIENCE IN THIS INDUSTRY

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

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 7/31/2022)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 7/31/2022)
YTD 1YR 3YR 5YR 10YR SI
Hartford High Yield R4 -8.38 -7.85 1.75 2.62 4.01 5.21
Benchmark -9.12 -8.02 1.95 3.06 4.87 ---
Morningstar High Yield Bond Category -8.59 -7.71 1.25 2.23 3.95 ---
 
CUMULATIVE %
(as of 6/30/2022)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2022)
YTD 1YR 3YR 5YR 10YR SI
Hartford High Yield R4 -13.91 -13.28 -0.21 1.62 3.52 4.96
Benchmark -14.19 -12.81 0.21 2.10 4.47 ---
Morningstar High Yield Bond Category -12.84 -11.80 -0.21 1.46 3.59 ---

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: 12/22/06.
Class R4-share performance prior to its inception date reflects Class Y-share performance and operating expenses. SI performance is calculated from 9/30/98.

Characteristics

FUND ESSENTIALS
Inception Date 09/30/1998
Net Assets $372 million
Gross Operating Expenses 1.00%
Net Operating Expenses 0.97%
Morningstar Category High Yield Bond
Lipper Classification High Yield Funds
CUSIP 416649341
Fund Number 1370
FUND STATS
Dividend Frequency
Monthly
# of Holdings
309
Holdings Characteristics
Effective Duration
3.96 yrs
Credit Exposure (%)
Aaa/AAA 0
Aa/AA 0
A 0
Baa/BBB 6
Ba/BB 43
B 38
Caa/CCC or lower 8
Not Rated 1
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.
Top Ten Issuers (%)
Ford Motor Credit Co. LLC 3.53
CCO Holdings LLC / CCO Holdings Capital Corp. 1.82
HCA, Inc. 1.61
Medline Borrower L.P. 1.52
1011778 BC ULC / New Red Finance, Inc. 1.49
TransDigm, Inc. 1.39
Frontier Communications Holdings LLC 1.36
Sprint Corp. 1.24
EQM Midstream Partners L.P. 1.23
OneMain Finance Corp. 1.19
Total Portfolio % 16.38
Ford Motor Credit Co. LLC 3.04
Occidental Petroleum Corp. 2.65
Bausch Health Cos., Inc. 1.85
CCO Holdings LLC / CCO Holdings Capital Corp. 1.72
HCA, Inc. 1.66
DISH DBS Corp. 1.56
Frontier Communications Holdings LLC 1.49
Mozart Debt Merger Sub, Inc. 1.39
1011778 BC ULC / New Red Finance, Inc. 1.37
TransDigm, Inc. 1.29
Total Portfolio % 18.02
Yields (%) (as of 7/31/22)
Distribution Yield at NAV
4.38
30-Day SEC Yield
6.21
Unsubsidized 30-Day SEC Yield
6.18
Sector Exposure (%)

Exposure Chart Header

FUND
BENCHMARK UNDERWEIGHT / OVERWEIGHT

Exposure Chart Header2

3/31/22 6/30/22 6/30/22 -4 0 4
Technology 9 11 7
Consumer Cyclical 23 23 21
Cash, Cash Equivalents and Cash Offsets 2 3 1
Financial Institutions 10 11 10
Consumer Non-Cyclical 12 11 11
Capital Goods 10 9 9
Other 4 1 1
Communications 15 15 17
Energy 12 11 13
Utilities 0 1 3
Basic Industry 2 2 5
Transportation 0 0 3
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
8/1/2022 6.84 $0.0250 $0.0000 $0.0000 $0.0250
7/1/2022 6.45 $0.0244 $0.0000 $0.0000 $0.0244
6/1/2022 6.95 $0.0236 $0.0000 $0.0000 $0.0236
5/2/2022 6.94 $0.0228 $0.0000 $0.0000 $0.0228
4/1/2022 7.24 $0.0221 $0.0000 $0.0000 $0.0221
3/1/2022 7.31 $0.0225 $0.0000 $0.0000 $0.0225
2/1/2022 7.41 $0.0217 $0.0000 $0.0000 $0.0217
1/3/2022 7.64 $0.0225 $0.0000 $0.0000 $0.0225
1/3/2022 7.65 $0.0000 $0.0000 $0.0000 $0.0000
12/20/2021 7.60 $0.0000 $0.0000 $0.0000 $0.0000
12/1/2021 7.53 $0.0225 $0.0000 $0.0000 $0.0225
11/1/2021 7.63 $0.0229 $0.0000 $0.0000 $0.0229
10/1/2021 7.68 $0.0227 $0.0000 $0.0000 $0.0227
9/1/2021 7.71 $0.0232 $0.0000 $0.0000 $0.0232
Past distributions are not indicative of future distributions.

Fund Literature


06/30/2022 - PDF (212 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2022 - PDF (123 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 (147 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
06/30/2022 - PDF (393 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
06/30/2022 - PDF (410 KB)
This Pitchbook reviews the Fund's investment approach, investment team, investment process, and general portfolio parameters.
PDF (2 KB)
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.
PDF (2 KB)
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. • Fixed income security risks include credit, liquidity, call, duration, event and interest-rate risk. As interest rates rise, bond prices generally fall. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • 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. • Integration of environmental, social, and/or governance (ESG) characteristics into the investment process may not work as intended. • 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. • Restricted securities may be more difficult to sell and price than other securities.

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 Fund products.

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The material on this site is for informational and educational purposes only. The material should not be considered tax or legal advice and is not to be relied on as a forecast. The material is also not a recommendation or advice regarding any particular security, strategy or product. Hartford Funds does not represent that any products or strategies discussed are appropriate for any particular investor so investors should seek their own professional advice before investing. Hartford Funds does not serve as a fiduciary. Content is current as of the publication date or date indicated, and may be superseded by subsequent market and economic conditions.

Investing involves risk, including the possible loss of principal. Investors should carefully consider a fund's investment objectives, risks, charges and expenses. This and other important information is contained in the mutual fund, or ETF summary prospectus and/or prospectus, which can be obtained from a financial professional and should be read carefully before investing.

Mutual funds are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA|SIPC. ETFs are distributed by ALPS Distributors, Inc. (ALPS). Advisory services may be provided by Hartford Funds Management Company, LLC (HFMC) or its wholly owned subsidiary, Lattice Strategies LLC (Lattice). Certain funds are sub-advised by Wellington Management Company LLP and/or Schroder Investment Management North America Inc (SIMNA). Schroder Investment Management North America Ltd. (SIMNA Ltd) serves as a secondary sub-adviser to certain funds. HFMC, Lattice, Wellington Management, SIMNA, and SIMNA Ltd. are all SEC registered investment advisers. Hartford Funds refers to HFD, Lattice, and HFMC, which are not affiliated with any sub-adviser or ALPS. The funds and other products referred to on this Site may be offered and sold only to persons in the United States and its territories.

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