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Taxable Bond fund

Hartford Strategic Income Fund   

Taxable Bond fund

Hartford Strategic Income Fund   
Share Class - R3 (HSNRX)

Sector Rotation Helps Diversify Income

Actively allocating across fixed-income sectors in the pursuit of current income and long-term total return.

As of 8/31/14 - 8/31/24. Sectors exclude cash. ABS/CMBS = Asset-Backed Securities / Commercial Mortgage-Backed Securities.

Portfolio Management
Senior Managing Director
Fixed-Income Portfolio Manager
12
YRS
MANAGING THIS FUND
24
YRS
AT WELLINGTON MANAGEMENT
27
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
12
YRS
MANAGING THIS FUND
21
YRS
AT WELLINGTON MANAGEMENT
36
YRS
EXPERIENCE IN THIS INDUSTRY
Senior Managing Director
Fixed-Income Portfolio Manager
8
YRS
MANAGING THIS FUND
17
YRS
AT WELLINGTON MANAGEMENT
26
YRS
EXPERIENCE IN THIS INDUSTRY

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

Performance

PERFORMANCE %
 
CUMULATIVE %
(as of 8/31/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 8/31/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Strategic Income R3 6.92 12.72 -0.21 2.80 3.09 4.21
Benchmark 3.07 7.30 -2.11 -0.04 1.64 ---
Morningstar Multisector Bond Category 5.37 9.90 0.82 2.43 2.85 ---
 
CUMULATIVE %
(as of 6/30/2024)
AVERAGE ANNUAL TOTAL RETURNS %
(as of 6/30/2024)
YTD 1YR 3YR 5YR 10YR SI
Hartford Strategic Income R3 3.08 8.67 -1.17 2.23 2.68 4.03
Benchmark -0.71 2.63 -3.02 -0.23 1.35 ---
Morningstar Multisector Bond Category 2.17 7.35 0.09 2.03 2.55 ---

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: 9/30/11.
Class R3-share performance prior to its inception date reflects Y-share performance and operating expenses. SI performance is calculated from 8/31/07.

Hartford Strategic Income Fund R3 Share Morningstar Ratings
Morningstar Medalist RatingTM
5/31/2024

Characteristics

FUND ESSENTIALS
Inception Date 05/31/2007
Net Assets $2.8 billion
Total Operating Expenses 1.26%
Morningstar Category Multisector Bond
Lipper Classification Multi-Sector Income Funds
CUSIP 41664R408
Fund Number 1053
FUND STATS
Dividend Frequency
Monthly
# of Holdings
1089
Holdings Characteristics
Yield to Worst (%)
6.78%
Effective Duration
5.24 yrs
Credit Exposure (%)
Aaa/AAA 3
Aa/AA 26
A 2
Baa/BBB 10
Ba/BB 28
B 28
Caa/CCC or lower 5
Not Rated 15
Cash & Cash Offsets -19
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 8.04
Uniform Mortgage-Backed Security 7.10
U.S. Treasury Notes 5.31
Federal National Mortgage Association Connecticut Avenue Securities Trust 2.94
Federal Home Loan Mortgage Corp. 2.14
U.S. Treasury Inflation-Indexed Notes 1.62
Santander Drive Auto Receivables Trust 1.12
U.S. Treasury Inflation-Indexed Bonds 1.10
Energean Israel Finance Ltd. 0.79
Romania Government International Bonds 0.66
Total Portfolio % 30.82
Yields (%) (as of 8/31/24)
Distribution Yield at NAV
5.09
Trailing 12 Month Yield
5.66
30-Day SEC Yield
5.26
Unsubsidized 30-Day SEC Yield
5.26
Asset Class Exposure (%)
High Yield Credit 27
Emerging Market Debt 19
United States Government 16
Mortgage Backed Securities 16
Bank Loans 13
Asset Backed Securities 10
Other 9
Commercial Mortgage Backed Securities 5
Investment Grade Credit 4
Developed Government and Related (Non-US $) 0
Cash, Cash Equivalents and Cash Offsets -19
High Yield Credit 22
Emerging Market Debt 18
United States Government 16
Bank Loans 13
Mortgage Backed Securities 12
Asset Backed Securities 11
Other 9
Commercial Mortgage Backed Securities 5
Investment Grade Credit 4
Developed Government and Related (Non-US $) 0
Cash, Cash Equivalents and Cash Offsets -10
distributions and capital gains
Distribution Date Distribution NAV ordinary income short term capital gains long term capital gains total distribution
8/27/2024 7.97 $0.0337 $0.0000 $0.0000 $0.0337
7/26/2024 7.82 $0.0340 $0.0000 $0.0000 $0.0340
6/26/2024 7.73 $0.0348 $0.0000 $0.0000 $0.0348
5/29/2024 7.64 $0.0345 $0.0000 $0.0000 $0.0345
4/26/2024 7.58 $0.0336 $0.0000 $0.0000 $0.0336
3/26/2024 7.76 $0.0317 $0.0000 $0.0000 $0.0317
2/27/2024 7.68 $0.0325 $0.0000 $0.0000 $0.0325
1/29/2024 7.68 $0.0261 $0.0000 $0.0000 $0.0261
12/27/2023 7.70 $0.0924 $0.0000 $0.0000 $0.0924
12/15/2023 7.71 $0.0000 $0.0000 $0.0000 $0.0000
11/29/2023 7.52 $0.0332 $0.0000 $0.0000 $0.0332
10/30/2023 7.19 $0.0315 $0.0000 $0.0000 $0.0315
9/27/2023 7.30 $0.0321 $0.0000 $0.0000 $0.0321
Past distributions are not indicative of future distributions.

Fund Literature


06/30/2024 - PDF (162 KB)
This Fund Fact Sheet summarizes the Fund's investment approach, portfolio statistics, top holdings, and current performance.
06/30/2024 - PDF (179 KB)
This flyer shows the performance of fixed income asset classes 1 year after the Fed stop raising rates.
06/30/2024 - PDF (431 KB)
This flyer highlights how the Fund strives to strike the right balance between seeking income, total return, and diversification.
06/30/2024 - PDF (428 KB)
Wellington's US Broad Markets Team combines top-down perspective with bottom-up expertise.
09/16/2024 - PDF (254 KB)
Current monthly commentary from our sub-adviser, Wellington Management, which includes a performance review, attribution, and positioning and outlook for the Fund.
06/30/2024 - PDF (386 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 (165 KB)
A summary of a fund's full-length prospectus that provides key information potential investors should consider before making an investment decision.
06/30/2024 - PDF (413 KB)
This module provides an overview of Wellington Management Company's Fixed Income resources and capabilities
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.
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. • 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. • 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 Funds products.

Diversification does not ensure a profit or protect against a loss in a declining market.

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