• Products
  • Insights
  • Practice Management
  • Resources
  • About Us

Taxable Bond fund

Hartford Strategic Income Fund   

Taxable Bond fund

Hartford Strategic Income Fund   
Share Class - F (HSNFX)

Objective

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

Overview

A global, multi-sector bond fund that seeks an attractive level of income and long-term total return from a diversified portfolio of fixed-income securities.

Portfolio Management
Senior Managing Director
Fixed-Income Portfolio Manager
11
YRS
MANAGING THIS FUND
23
YRS
AT WELLINGTON MANAGEMENT
26
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
11
YRS
MANAGING THIS FUND
20
YRS
AT WELLINGTON MANAGEMENT
35
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
7
YRS
MANAGING THIS FUND
16
YRS
AT WELLINGTON MANAGEMENT
25
YRS
EXPERIENCE IN THIS INDUSTRY

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

FUND PROCESS VIDEO
Hartford Strategic Income Fund Process Video


Campe Goodman, CFA

Managing Director, Fixed-Income Portfolio Manager

Campe Goodman video

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 8/31/2023)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 8/31/2023)
YTD 1YR 3YR 5YR 10YR SI
Hartford Strategic Income F 3.97 3.10 -1.56 2.66 3.61 4.02
Benchmark 1.37 -1.19 -4.41 0.49 1.48 ---
Morningstar Multisector Bond Category 3.61 2.57 -0.07 1.72 2.69 ---
 
CUMULATIVE %
(as of 6/30/2023)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2023)
YTD 1YR 3YR 5YR 10YR SI
Hartford Strategic Income F 3.96 6.07 -0.34 2.70 3.58 4.06
Benchmark 2.09 -0.94 -3.96 0.77 1.52 ---
Morningstar Multisector Bond Category 2.87 3.28 0.73 1.71 2.64 ---

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: 05/31/2007

Share Class Inception: 2/28/17.
Class F-shares performance prior to 2/28/17 reflects the performance and operating expenses of Class I-shares. Performance for Class F-shares prior to its inception date would have differed if Class F- operating expenses had been reflected. Since Inception (SI) performance is calculated from 5/31/07.

The Fund’s Class F shares have not been in operation for 10 years. Therefore, the Calendar Year Returns (F Shares) chart includes performance and operating expenses of another class. For more information, see the prospectus.

Characteristics

FUND ESSENTIALS
Inception Date 05/31/2007
Net Assets $2.0 billion
Total Operating Expenses 0.54%
Morningstar Category Multisector Bond
Lipper Classification Multi-Sector Income Funds
CUSIP 41664T263
Fund Number 3129
FUND STATS
Dividend Frequency
Monthly
# of Holdings
1026
Holdings Characteristics
Yield to Worst (%)
7.65%
Effective Duration
5.36 yrs
Credit Exposure (%)
Aaa/AAA 1
Aa/AA 29
A 4
Baa/BBB 9
Ba/BB 26
B 13
Caa/CCC or lower 6
Not Rated 11
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 (%)
U.S. Treasury Bonds 7.83
Uniform Mortgage-Backed Security 7.16
U.S. Treasury Notes 5.01
Federal Home Loan Mortgage Corp. 4.75
U.S. Treasury Inflation-Indexed Notes 3.05
Connecticut Avenue Securities Trust 2.20
Brazil Notas do Tesouro Nacional 1.10
U.S. Treasury Inflation-Indexed Bonds 0.93
Federal National Mortgage Association 0.75
Energian Israel Finance Ltd. 0.71
Total Portfolio % 33.49
Uniform Mortgage-Backed Security 10.33
U.S. Treasury Bonds 9.32
Federal Home Loan Mortgage Corp. 4.79
Japan Treasury Discount Bills 3.14
Connecticut Avenue Securities Trust 3.09
U.S. Treasury Inflation-Indexed Notes 3.08
Brazil Notas do Tesouro Nacional 1.16
U.S. Treasury Inflation-Indexed Bonds 1.01
Federal National Mortgage Association 0.78
Energean Israel Finance Ltd. 0.76
Total Portfolio % 37.46
Yields (%) (as of 8/31/23)
Distribution Yield at NAV
5.39
Trailing 12 Month Yield
5.71
30-Day SEC Yield
6.46
Unsubsidized 30-Day SEC Yield
6.46
Asset Class Exposure (%)
Emerging Market Debt 23
Mortgage Backed Securities 19
United States Government 17
Bank Loans 9
High Yield Credit 9
Asset Backed Securities 6
Other 5
Investment Grade Credit 4
Commercial Mortgage Backed Securities 4
Cash, Cash Equivalents and Cash Offsets 3
Developed Government and Related (Non-US $) 1
Emerging Market Debt 23
Mortgage Backed Securities 23
United States Government 14
Bank Loans 10
High Yield Credit 7
Asset Backed Securities 6
Other 5
Investment Grade Credit 5
Cash, Cash Equivalents and Cash Offsets 4
Commercial Mortgage Backed Securities 4
Developed Government and Related (Non-US $) 1
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
8/29/2023 7.49 $0.0337 $0.0000 $0.0000 $0.0337
7/28/2023 7.57 $0.0371 $0.0000 $0.0000 $0.0371
6/28/2023 7.61 $0.0403 $0.0000 $0.0000 $0.0403
5/30/2023 7.54 $0.0374 $0.0000 $0.0000 $0.0374
4/27/2023 7.61 $0.0401 $0.0000 $0.0000 $0.0401
3/29/2023 7.55 $0.0335 $0.0000 $0.0000 $0.0335
2/27/2023 7.62 $0.0353 $0.0000 $0.0000 $0.0353
1/30/2023 7.75 $0.0288 $0.0000 $0.0000 $0.0288
12/28/2022 7.48 $0.0447 $0.0000 $0.0000 $0.0447
12/16/2022 7.62 $0.0000 $0.0000 $0.0000 $0.0000
11/29/2022 7.46 $0.0304 $0.0000 $0.0000 $0.0304
10/28/2022 7.20 $0.0301 $0.0000 $0.0000 $0.0301
9/28/2022 7.34 $0.0366 $0.0000 $0.0000 $0.0366
Past distributions are not indicative of future distributions.

Fund Literature


06/30/2023 - PDF (238 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2023 - PDF (226 KB)
This Fund Story outlines three distinguishing characteristics to help investors better understand the Fund.
Morningstar analyst's take on Hartford Strategic Income Fund.
06/30/2023 - PDF (267 KB)
This flyer shows the performance of fixed income asset classes 1 year after the Fed stop raising rates.
06/30/2023 - PDF (416 KB)
This flyer highlights how the Fund strives to strike the right balance between seeking income, total return, and diversification.
06/30/2023 - PDF (459 KB)
Wellington's US Broad Markets Team combines top-down perspective with bottom-up expertise.
08/31/2023 - PDF (250 KB)
Current monthly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, and positioning and outlook for the Fund.
06/30/2023 - PDF (321 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 (148 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
06/30/2023 - PDF (412 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
06/30/2023 - PDF (464 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, including foreign government debt, 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. These risks may be greater, and include additional risks, for investments in emerging markets. • 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. • 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. • The purchase of securities in the To-Be-Announced (TBA) market can result in higher portfolio turnover and related expenses as well as price and counterparty risk. • Restricted securities may be more difficult to sell and price than other securities. • 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. • 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. • The Fund may have high portfolio turnover, which could increase its transaction costs and an investor's tax liability.

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.

2743884

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.

© Copyright 2023 Hartford Funds Management Group, Inc. All Rights Reserved. Not FDIC Insured | No Bank Guarantee | May Lose Value