• Products

    World Bond Fund Monthly Positioning & Outlook

    View Now >

  • Insights

    Human-Centric Investing Podcast

    Listen to Latest Episode >

  • Practice Management

    Applied Insights Team

    Learn More >

  • Resources

    Tax Center

    View Now >

  • About Us

    Human-Centric Investing

    Learn More >

Taxable Bond fund

Hartford Schroders Opportunistic Income Fund    Share Class - I (HSQIX)



Key Documents
      Actions

      Hartford Schroders Opportunistic Income Fund is not available for purchase.

      Objective

      The Fund seeks to provide current income and long-term total return consistent with preservation of capital.

      Overview

      A low duration multi-sector closed-end fund that seeks diversification beyond corporate credit through a wide variety of securitized credit instruments and loans. The Fund is structured as an interval fund. It conducts quarterly repurchase offers of no less than 5% and no more than 25% of the Fund's outstanding shares at net asset value ("NAV").

      Quarterly Redemptions Commencing in 2020 March, June, September and December

      Portfolio Management
      Portfolio Manager
      Head of Securitized Credit
      1
      YRS
      MANAGING THIS FUND
      5
      YRS
      AT SCHRODERS
      27
      YRS
      EXPERIENCE IN THIS INDUSTRY
      Portfolio Manager
      1
      YRS
      MANAGING THIS FUND
      5
      YRS
      AT SCHRODERS
      23
      YRS
      EXPERIENCE IN THIS INDUSTRY

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

      Performance

      PERFORMANCE %
       
      CUMULATIVE %
      (as of 8/31/2021)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 8/31/2021)
      YTD 1YR 3YR 5YR 10YR SI
      Hartford Schroders Opportunistic Income I 2.96 7.98 --- --- --- 4.21
      Benchmark 1.00 2.42 --- --- --- ---
      Morningstar Closed End Multisector Bond Category 5.56 14.35 --- --- --- ---
       
      CUMULATIVE %
      (as of 6/30/2021)
      AVERAGE ANNUAL TOTAL RETURNS %
      (as of 6/30/2021)
      YTD 1YR 3YR 5YR 10YR SI
      Hartford Schroders Opportunistic Income I 3.69 11.64 --- --- --- 5.10
      Benchmark 0.46 3.24 --- --- --- ---
      Morningstar Closed End Multisector Bond Category 4.38 19.11 --- --- --- ---

      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: 11/04/2019

      Characteristics

      FUND ESSENTIALS
      Inception Date 11/04/2019
      Net Assets $27 million
      Gross Operating Expenses 2.61%
      Net Operating Expenses 2.01%
      Morningstar Category Closed End Multisector Bond
      Lipper Classification Loan Participation Funds
      CUSIP 41667W206
      Fund Number 1942
      Fixed Income Holdings (%)
      FHLMC Mortgage Backed Securities (POOLS) 12.35
      RMAC Securities plc 11.03
      Bellemeade Re Ltd. 5.72
      NMI Holdings, Inc. 5.61
      Alba plc 5.07
      Preston Ridge Partners Mortgage Trust LLC 4.87
      CWHEQ Revolving Home Equity Loan Trust 4.72
      HPLY Trust 4.58
      Ludgate Funding plc 3.92
      Home Re Ltd. 3.90
      Total Portfolio % 61.77
      FHLMC Mortgage Backed Securities (POOLS) 12.54
      RMAC Securities plc 10.73
      Income Contingent Student Loan plc 9.43
      Preston Ridge Partners Mortgage Trust LLC 6.46
      Bellemeade Re Ltd. 5.66
      NMI Holdings, Inc. 5.64
      CWHEQ Revolving Home Equity Loan Trust 5.11
      Alba plc 5.05
      HPLY Trust 4.55
      Ludgate Funding plc 3.91
      Total Portfolio % 69.08

      Fund Literature


      07/27/2021 - PDF (165 KB)
      This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and the current performance.
      This Pitchbook reviews the Funds' investment approach, investment team, investment process, and general portfolio parameters.
      PDF (13 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.
      A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
      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.

      Key Fund Information: The Fund is a continuously offered closed-end interval fund. Investors in a closed-end interval fund may purchase shares daily but do not have the right to redeem their shares on a daily basis. Shareholders may sell Fund shares only through the Fund’s quarterly offers to repurchase between 5% and 25% of its outstanding shares at Net Asset Value per share. There is no guarantee that an investor will be able to sell their shares in the quantity desired during a repurchase offer. There is no secondary market for Fund shares. Fund shares are not listed on an exchange. Investors should consider Fund shares to be an illiquid investment. The Fund expects to make monthly distributions, which may include a return of capital. Final determination of a distribution’s tax character will be made on Form 1099 DIV sent to shareholders each January. Investors who seek liquidity or cannot tolerate risk of loss should not invest in the Fund.

      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 is recently organized with limited operating history that may be subject to additional risks. • The Fund expects to invest a large portion in private investments, including private commercial real estate loans, which are not publicly traded and must be fair valued by the Fund. Such valuations are inherently uncertain. • Real estate related securities are subject to the risks associated with credit, liquidity, interest rate fluctuation, adverse general and local economic conditions, and decreases in real estate values and occupancy rates. 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. • 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. • The risks associated with mortgage related- and asset-backed securities as well as collateralized loan obligations (CLOs) and real estate related loans include credit, interest-rate, prepayment, liquidity, default and extension risk. • The purchase of securities in the To-Be-Announced (TBA) market can result in additional price and counterparty risk. • The Fund may use repurchase agreements, or reverse repurchase agreements, which can increase risk and volatility. • Use of leverage can increase market exposure, increase volatility, magnify investment risks, and cause losses to be realized more quickly. • 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, and counterparty risk. • Foreign investments may be riskier, more volatile and less liquid than U.S. investments and are subject to the risk of currency fluctuations and adverse political and economic developments. • Restricted securities may be more difficult to sell and price than other securities. • The transition away from the London Interbank Offered Rate (LIBOR) could affect the value and liquidity of instruments which reference LIBOR.

       

      225152

      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, ETF or closed-end interval fund prospectus or summary prospectus, which can be obtained from a financial professional and should be read carefully before investing.

      Mutual funds and the closed-end interval fund are distributed by Hartford Funds Distributors, LLC (HFD), Member FINRA/SIPC. Exchange-traded products 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. Schroder Investment Management North America Ltd. serves as a secondary sub-adviser to certain funds. Hartford Funds refers to Hartford Funds Management Group, Inc. and its subsidiaries, including HFD, HFMC, and Lattice, 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.

      © Copyright 2021 Hartford Funds Management Group, Inc. All Rights Reserved. Not FDIC Insured | No Bank Guarantee | May Lose Value