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.
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
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
Dividend Frequency | Monthly |
---|---|
# of Holdings | 324 |
Yield to Worst (%) | 6.81% |
---|---|
Effective Duration | 3.02 yrs |
Aaa/AAA | 0 |
Aa/AA | 0 |
A | 0 |
Baa/BBB | 3 |
Ba/BB | 46 |
B | 34 |
Caa/CCC or lower | 13 |
Not Rated | 3 |
Cash & Cash Offsets | 1 |
CCO Holdings LLC/CCO Holdings Capital Corp. | 2.20 |
Medline Borrower LP | 1.43 |
Caesars Entertainment, Inc. | 1.33 |
Fortress Intermediate 3, Inc. | 1.22 |
Buckeye Partners LP | 1.22 |
Carnival Corp. | 1.19 |
CSC Holdings LLC | 1.19 |
HUB International Ltd. | 1.19 |
Clear Channel Outdoor Holdings, Inc. | 1.11 |
Allied Universal Holdco LLC | 1.06 |
Total Portfolio % | 13.14 |
Distribution Yield at NAV | 5.84 |
Trailing 12 Month Yield | 6.00 |
30-Day SEC Yield | 5.89 |
Unsubsidized 30-Day SEC Yield
|
5.86 |
FUND |
BENCHMARK | UNDERWEIGHT / OVERWEIGHT | |||||
---|---|---|---|---|---|---|---|
9/30/24 | 10/31/24 | 10/31/24 | -5 0 5 | ||||
Technology | 13 | 12 | 7 | ||||
Consumer Cyclical | 21 | 22 | 20 | ||||
Capital Goods | 13 | 13 | 11 | ||||
Energy | 13 | 13 | 12 | ||||
Communications | 15 | 14 | 14 | ||||
Cash, Cash Equivalents and Cash Offsets | 1 | 1 | 1 | ||||
Other | 1 | 1 | 1 | ||||
Basic Industry | 5 | 5 | 6 | ||||
Financial Institutions | 10 | 10 | 12 | ||||
Utilities | 1 | 1 | 3 | ||||
Consumer Non-Cyclical | 8 | 8 | 11 | ||||
Transportation | 0 | 0 | 3 |
Distribution Date | Distribution NAV | ordinary income | short term capital gains | long term capital gains | total distribution |
---|---|---|---|---|---|
10/31/2024 | 6.99 | $0.0344 | $0.0000 | $0.0000 | $0.0344 |
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 | $0.0174 | $0.0000 | $0.0000 | $0.0174 |
12/29/2023 | 6.93 | $0.0334 | $0.0000 | $0.0000 | $0.0334 |
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 |
Insights
Fund Literature
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