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Taxable Bond fund

Hartford Short Duration Fund    Share Class - A (HSDAX)


Objective

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

Overview

A fund that typically invests in bonds with lower sensitivity to changes in interest rates.

Portfolio Management
Senior Managing Director
Fixed-Income Portfolio Manager
10
YRS
MANAGING THIS FUND
30
YRS
AT WELLINGTON MANAGEMENT
37
YRS
EXPERIENCE IN THIS INDUSTRY
Managing Director
Fixed-Income Portfolio Manager
0
YRS
MANAGING THIS FUND
15
YRS
AT WELLINGTON MANAGEMENT
21
YRS
EXPERIENCE IN THIS INDUSTRY

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

FUND PROCESS VIDEO
Hartford Short Duration Fund Process Video


Timothy Smith

Managing Director, Fixed-Income Portfolio Manager

Timothy Smith video

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 8/31/2022)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 8/31/2022)
YTD 1YR 3YR 5YR 10YR SI
Hartford Short Duration A -4.66 -5.17 0.01 1.10 1.37 2.28
With 2.0% Max Sales Charge --- -7.07 -0.66 0.69 1.17 2.17
Benchmark -3.36 -3.98 -0.02 0.92 0.94 ---
Morningstar Short-Term Bond Category -4.64 -5.23 -0.03 1.00 1.16 ---
 
CUMULATIVE %
(as of 6/30/2022)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2022)
YTD 1YR 3YR 5YR 10YR SI
Hartford Short Duration A -5.40 -5.78 0.00 1.05 1.42 2.26
With 2.0% Max Sales Charge --- -7.66 -0.67 0.65 1.22 2.15
Benchmark -3.11 -3.56 0.31 1.07 1.01 ---
Morningstar Short-Term Bond Category -4.86 -5.19 0.18 1.08 1.26 ---

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: 10/31/2002

Excludes sales charges. If sales charges and taxes had been included, the value would have been lower.

Characteristics

FUND ESSENTIALS
Inception Date 10/31/2002
Net Assets $2.0 billion
Total Operating Expenses 0.79%
Morningstar Category Short-Term Bond
Lipper Classification Short Investment Grade Debt Funds
CUSIP 416646198
Fund Number 1642
FUND STATS
Dividend Frequency
Monthly
# of Holdings
925
Holdings Characteristics
Effective Duration
1.69 yrs
Yields (%) (as of 8/31/22)
Distribution Yield at NAV
2.25
30-Day SEC Yield
3.33
Unsubsidized 30-Day SEC Yield
3.33
Credit Exposure (%)
Aaa/AAA 22
Aa/AA 1
A 16
Baa/BBB 36
Ba/BB 11
B 11
Caa/CCC or lower 0
Not Rated 2
Cash & Cash Offsets 0
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 (%)
U.S. Treasury Notes 4.42
Bank of America Corp. 1.50
JP Morgan Chase & Co. 1.38
COLT Mortgage Loan Trust 1.25
CSMC Trust 1.25
FNMA Mortgage Backed Securities (POOLS) 1.19
Wells Fargo & Co. 1.17
FHLMC Mortgage Backed Securities (POOLS) 1.09
GCAT Trust 0.96
Morgan Stanley 0.95
Total Portfolio % 15.16
U.S. Treasury Notes 3.12
Bank of America Corp. 1.48
COLT Mortgage Loan Trust 1.29
FHLMC Mortgage Backed Securities (POOLS) 1.28
FNMA Mortgage Backed Securities (POOLS) 1.25
JP Morgan Chase & Co. 1.18
CSMC Trust 1.12
GCAT Trust 1.01
Morgan Stanley 0.93
Angel Oak Mortgage Trust 0.87
Total Portfolio % 13.53
Maturity Schedule (%)
0 to <1 6
1 to <3 45
3 to <5 35
5 to <10 14
Asset Class Exposure (%)
Investment Grade Credit 50
Bank Loans 18
Mortgage Backed Securities 11
Asset Backed Securities 8
High Yield Credit 5
United States Government 4
Commercial Mortgage Backed Securities 3
Cash, Cash Equivalents and Cash Offsets 0
Emerging Market Debt 0
Developed Government and Related (Non-US $) 0
Other 0
Investment Grade Credit 49
Bank Loans 18
Mortgage Backed Securities 12
Asset Backed Securities 8
High Yield Credit 5
United States Government 4
Commercial Mortgage Backed Securities 3
Cash, Cash Equivalents and Cash Offsets 2
Emerging Market Debt 0
Developed Government and Related (Non-US $) 0
Other 0
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
9/1/2022 9.39 $0.0176 $0.0000 $0.0000 $0.0176
8/1/2022 9.44 $0.0158 $0.0000 $0.0000 $0.0158
7/1/2022 9.35 $0.0137 $0.0000 $0.0000 $0.0137
6/1/2022 9.50 $0.0130 $0.0000 $0.0000 $0.0130
5/2/2022 9.53 $0.0124 $0.0000 $0.0000 $0.0124
4/1/2022 9.64 $0.0118 $0.0000 $0.0000 $0.0118
3/1/2022 9.78 $0.0116 $0.0000 $0.0000 $0.0116
2/1/2022 9.87 $0.0113 $0.0000 $0.0000 $0.0113
1/3/2022 9.95 $0.0000 $0.0000 $0.0000 $0.0000
1/3/2022 9.96 $0.0113 $0.0000 $0.0000 $0.0113
12/20/2021 9.96 $0.0000 $0.0000 $0.0000 $0.0000
12/1/2021 9.96 $0.0116 $0.0000 $0.0000 $0.0116
11/1/2021 10.00 $0.0114 $0.0000 $0.0000 $0.0114
10/1/2021 10.04 $0.0117 $0.0000 $0.0000 $0.0117
Past distributions are not indicative of future distributions.

Fund Literature


06/30/2022 - PDF (217 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2022 - PDF (183 KB)
Overview of the Hartford Short Duration Fund.
06/30/2022 - PDF (157 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 (361 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. The Fund may allocate a portion of its assets to specialist portfolio managers, which may not work as intended. • Fixed income security risks include credit, liquidity, call, duration, event and interest-rate risk. As interest rates rise, bond prices generally fall. • 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. • The risks associated with mortgage-related and asset-backed securities as well as collateralized loan obligations (CLOs) include credit, interest-rate, prepayment, liquidity, default and extension risk. • Investments in high-yield ("junk") bonds involve greater risk of price volatility, illiquidity, and default than higher-rated debt securities. • 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. • 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. • Obligations of U.S. Government agencies are supported by varying degrees of credit but are generally not backed by the full faith and credit of the U.S. Government. • Changes related to LIBOR could have an adverse impact on financial instruments that reference this rate.

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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